Best of the Week | Debuts, wedding toasts and pakoras in Odisha
worst single-day drops in months. The crash was led by HDFC Bank, who has the most weightage in both indices. He also wrote about the bearish stance taken by foreign portfolio investors (FPIs) — a move that is certain to cause more volatility this month.
Strap in, folks. It’s also been a tumultuous journey for K. Krithivasan, the CEO of Tata Consultancy Services.
Speaking to Varun Sood and Devina Sengupta, he talks about the optimism in IT stocks, despite below average numbers. Krithivasan adds that the reason behind the optimism could be the company’s positive outlook towards FY25. Those on the job market won’t be thrilled to hear that the IT giant is looking to hire fewer people from last year.
January 22 is a red-letter day for many Indians. The same applies for our news channels too, who are counting on the consecration ceremony in Ayodhya to revive their fortunes. Some even plan to set up temporary studios near the temple on Monday.
TV news did well during the pandemic, when locked-in Indians stayed glued to news channels. As things opened up, viewership tanked. The consecration ceremony is being seen as yet another tentpole event that could lead to a near fivefold jump in viewership compared to a regular day, writes Lata Jha.
Owning a house is a dream for most people, and unfortunately likely to remain so for the salaried middle class Indian. That, Vivek Kaul argues, is because of our existing income tax laws that favour buying houses for the non-salaried rich. In his deep dive, Kaul describes how the current rules favour rich Indians buying a host of houses and squatting on them — even if it means no incoming rent.
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