Wellness Financial News

Swaminathan Aiyar, Consulting Editor, ET Now, says this kind of misinterpretation of the Congress manifesto should not be taking place, although it does happen. When you see the Election Commission is pulling up somebody for a mere remark about Hema Malini, it should take action on this as it is a much more serious defamation of what Manmohan Singh or the Congress manifesto intended to say. What do you make of this inheritance tax and is it executable? Is it a sound economic idea? Swaminathan Aiyar: No, I do not know that this is necessarily an issue about inheritance tax. There has been talk as far as I can see about a wealth tax, about taking a look around and doing a survey. All I can say is that the Congress Party has been a socialist party since 1947. The Constitution itself has a thing about distributing the common resources to benefit the common good. The Congress Party has always been for taxation of the rich to help the dalits, the poorer, minorities. The only thing is that the Congress has always done it in terms of class, rich versus poor. Modi is trying to convert it into a religion issue of Hindus versus Muslims.

Siddhartha Khemka, Head-Retail Research, MOFSL, says on a long-term frame, the order book continues to remain strong, the business model is good but in the near term next one or two more quarters of pain is there to be endured by long-term investors. So, for someone looking from a three-six months’ perspective, IT could continue to remain under pressure. What is your opinion of the market right now? Siddhartha Khemka: We continue to remain positive on the overall outlook on the market. We have seen the result season so far being more or less in line to better than expectation, barring some sectors like IT, which has been kind of weak. Consumer was not expected to be very strong, but there was a hope that the commentary would come around the recovery post the monsoon which the IMD has given a forecast of above normal monsoon.

Anne Heche said his mother’s estate is unable to pay its outstanding debts, totalling more than US$6 million (over C$8.2 million).According to new court documents obtained by People magazine, Heche’s 22-year-old son Homer Laffoon said the estate is insolvent and “not yet in a condition to be closed.”Heche, who was 53, died in Los Angeles, Calif. after she crashed her car into a residential home in August 2022.

Nilesh Shah, MD & CEO, Envision Capital, says over the next 5 to 10 years, the pecking order in the Energy, Manufacturing, Infra (EMI) space will still be dominated by ABB, Siemens, L&T. These are essentially the companies which essentially are going to be the enablers of the EMI space. I do not think they are going to get bigger and bigger and you are really not seeing new players coming in there and they have the trust of their customers because these are such critical equipment that you are not going to compromise on anybody else and you are essentially going to go for the established players. It is these kinds of companies which will continue to dominate for the foreseeable future. Shah says: “Within EMI, if I were to use energy as well as infra, Hitachi Energy has been a position that we have now owned for three, three-and-a-half years. In this space, we have been owning KSB, which we have partly exited. We have been owning TD Power. We have been owning Jash Engineering” We currently are a $4 trillion economy. The financial market is about $4-4.5 trillion. In the journey from $4 to $10 trillion, when it will happen, we do not know. What will happen is what we both know, which is that $5-6 trillion will get created in the next three to five years. Do you agree with me? Nilesh Shah: Yes, that is right.

database company MongoDB sees a “great opportunity” in India as large banks, airlines and financial services companies here launch AI business models, a top company executive said. Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.

Concurrent Investment Advisors is welcoming four industry veterans to its roster of leadership as it looks to amplify its focus on growth and succession.

Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”

Apple has been upstaging Samsung in terms of revenue growth and exports out of India, but the Korean major is still significantly ahead of rivals in terms of local value addition. Industry executives and market trackers said while the industry average for local value addition in electronics manufacturing hovers around 22-25% currently, an increase from 18% in 2022, Samsung's local value addition is higher. This is partly because Samsung has been manufacturing mobile phones as well as other appliances locally in India much before the government's production-linked incentive scheme came into force and boosted India to become the second largest mobile phone manufacturer.

Between the Temples' is set to hit theaters nationwide on August 23, 2024. Starring Jason Schwartzman and Carol Kane, the film has garnered high praise and anticipation for its wide release. Release Date

The European Union says it will investigate whether China is using unfair methods to deprive companies in Europe of access to its market for medical devices

Expectations are tempered for the financial prospects of summer of 2024 at the movies

Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rate

Lord of the Rings franchise is expanding its universe with a new game, Tales of the Shire, set to immerse players in the charming world of Hobbits. Here's a comprehensive look at what we know about this upcoming title. Trailers

56 candidates achieved the perfect 100 NTA score in the engineering entrance exam JEE-Main, maximum from Telangana, says National Testing Agency.

Mumbai Crime Branch had earlier recovered strong evidence against gangster Lawrence Bishnoi and his brother Anmol Bishnoi. They both were said to be the main conspirators and have been made the most wanted accused. The Mumbai Police registered a case against four people in the firing case at Salman Khan's house, in which Anmol Bishnoi and Lawrence Bishnoi are also accused.

WASHINGTON—Creating a conservative supermajority on the Supreme Court was perhaps the crowning achievement of Donald Trump’s presidency, with three appointees who delivered generational victories, including the elimination of abortion rights and the abolition of affirmative action. But the court has been no balm when it comes to Trump’s personal interests, leaving the former president fuming in several past cases after his appointees rejected his expansive claims of executive power or unfounded allegations of election irregularities.

₹17,500 crore, supported by strong demand and a robust launch pipeline, said a top company executive. In FY24, the Mumbai-based developer recorded ₹14,520 crore in pre-sales, its highest-ever in a year. Macrotech is the one of the top four bestselling developers in the country, along with DLF Ltd, Prestige Group and Godrej Properties Ltd.

In an environment of rising inflation and surging gas prices, one crypto project is building a solution to lower your bills.

Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of spending growth since the start of 2024.

IT services firm LTIMindtree on Wednesday reported a 1.2% year-on-year (YoY) decline in net profit at Rs 1,100 crore for the March quarter of the financial year 2024 missing street estimate of Rs 1,150 crore. The profit stood at Rs 1,114 crore a year ago. Sequentially, the Mumbai-headquartered company's net profit fell by 5.9% from Rs 1,169 crore.