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Last updated on 14 Jun,2024 09:48 AM
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Refresh- Bubble of all bubbles? US economist predicts a 2025 stock market crash, likely worse than 2008 crisisEconomist Dent warns of a 2025 stock market crash worse than 2008 crisis, attributing it to artificial bubble building post-Covid pandemic. He analyzes global economies, highlights economic devastation, and predicts a crash driven by inflated asset prices.
- FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI ruleFD interest rates in June: The RBI announced the proposal to revise the definition of bulk fixed deposits. Here is a list of banks that have revised the date and updated their retail deposits from Rs 2 crore to Rs 3 crore.
- IKEA did what others only talk of doing & it was a gamechanger for India staffIKEA faced high employee turnover globally. In India, to retain staff, IKEA introduced subsidized daycare, 26 weeks of parental leave, and a five-day workweek. These benefits have significantly improved employee satisfaction and retention, reflecting IKEA's commitment to addressing local worker needs and enhancing their work-life balance.
- Epicor webinar: Industry experts traverse Cloud ERP tailored for the automotive sectorVishal Raj Saini, Country Head of Epicor Software India and Indian Subcontinent, discussed 'Implementing Cloud ERP' with industry experts at a panel by The Economic Times and Epicor.
- Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years, slaps finePandya hosted or co-hosted various shows on CNBC Awaaz until August 2021, while Alpesh Furiya appeared on the channel as a guest expert, providing stock recommendations on his Twitter handle. A high correlation was observed between the stock recommendations made by Pradeep Pandya on the show 'Pandya Ka Funda' and the Buy-Today-Sell-Tomorrow and intra-day trades executed by Alpesh Furiya and related entities from November 2019 to January 2021.
- 3 attacks in 3 days: After Reasi attack, terror strikes again in Jammu & Kashmir; security forces on high alertJammu & Kashmir has witnessed three separate attacks within a mere three-day period, escalating tensions in the region. Following a recent terrorist strike in Reasi, another wave of violence has unfolded, prompting intensified security measures. The attacks included an exchange of fire between terrorists and security forces in Doda district. Additionally, security forces also engaged in an operation to apprehend a terrorist hiding in Saida Sukhal village in Kathua district.
- Take your ambition further with the Kent Future Student ScholarshipIndian students are increasingly choosing the United Kingdom for higher education, with a 54% rise in study visas. Scholarships, like the Kent Future Student Scholarships, make studying in the UK more accessible and affordable.
- Nearly 90% Indian employees say they are suffering, over 40% are sad: Gallup Workplace ReportThe Gallup 2024 State of the Global Workplace report reveals that only 14% of Indian employees feel they are "thriving," while 86% are "struggling" or "suffering." South Asia shows similar trends, with low levels of thriving. Despite high daily anger rates, India boasts a 32% employee engagement rate, surpassing the global average of 23%.
- ETMarkets Smart Talk: Indian equities could go into a bear market and will fall by more than 20% by April 2025: Amit GoelThe unexpected outcome of the general election has changed the political scenario. However, BJP should be able to form the government in the third term, but the reform agenda of the government may go into the backburner.
- Sanjiv Bhasin on three IT stocks that may outperform in near termIt would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.
- Adani Group’s concrete plan: $3 billion buyouts in cement spaceIt is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic strategy to boost capacity and emerge as the largest cement manufacturer within the next three to four years, overtaking the Aditya Birla Group’s UltraTech.
- Chandrababu Naidu sworn-in as new Andhra CM: Here is full list of AP ministersChandrababu Naidu Ministry: Chandrababu Naidu was sworn in as Andhra Pradesh's 18th chief minister, with Prime Minister Modi and other leaders in attendance. Naidu leads the TDP-BJP-Janasena alliance, which won a majority in the assembly. His cabinet includes 21 TDP members, three from Janasena, and one from the BJP. Janasena's Pawan Kalyan also took oath as a minister.
- Sonakshi Sinha’s man Zaheer Iqbal has a connection with Salman Khan!Zaheer Iqbal, whose full name is Zaheer Iqbal Ratansi, is an actor and model. His family has a close relationship with Salman Khan, and a childhood photo of Zaheer with the actor recently went viral on Instagram. Zaheer made his Bollywood debut in the 2019 romantic drama 'The Notebook,' which featured Pranutan Bahl, niece of Bollywood star Kajol. The film was produced by Salman Khan.
- DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweekDA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
- Sanjiv Bhasin picks 3 sectors that may outperform in near termThe overall benign environment remains that you have to be a little neutral over here. I think technology, pharma and FMCG -- those are the favoured sector on seasonality, on US cues, and on local demographics.
- NEET-UG result 2024: Grace marks cancelled for 1,563 students, retest on June 23, Centre tells SCNeet Result 2024: The central government informed the Supreme Court that 1,563 NEET-UG 2024 candidates, who received grace marks, will have the option to retake the exam on June 23. A decision is pending on whether to cancel the scorecards of these students. The Supreme Court reiterated that it would not halt the counselling process, emphasizing that if the exam proceeds, everything should continue as planned.
- Darshan paid gang Rs 30 lakh to kill errant fan Renuka Swamy; 33-yr-old was tortured with hot iron rod before deathThe arrest of popular Kannada actor Darshan for the murder of a young man named Renuka Swamy has shocked the Sandalwood community, leaving his fans in disbelief. According to a OneIndia report, the 33-year-old victim was a devoted fan of the 'Majestic' star. A resident of Chitradurga, he was allegedly murdered by Darshan after sending inappropriate messages to actress Pavithra Gowda, who is rumored to be in a relationship with the actor. Ten individuals, including Darshan, have been taken into police custody.
- Mohan Charan Majhi Cabinet: Here is the full list of Odisha ministersMohan Charan Majhi, a tribal leader, took oath as Odisha's next chief minister today. Joining him are two deputy chief ministers. Speculation surrounds the composition of the new cabinet, with names of potential ministers circulating. The BJP's victory ended the 24-year rule of the Biju Janata Dal, securing 78 out of 147 seats in the assembly polls.
- Poor service on premium air ticket: Air India asked to pay Rs 1 lakh compensation for defective seats in Delhi Toronto return flightsAir India: A international AI flight from Delhi to Toronto return was booked by a retired Admiral. However for the entire journey of more than 14 hours the airline could not offer a working seat. This is despite the Admiral paying a premium for business class seat with reclining facility.
- Want to make airways the new railways, says Civil Aviation Minister Ram Mohan NaiduUnion Minister of Civil Aviation, Kinjarapu Ram Mohan Naidu, aims to make air travel affordable to the common man by addressing airfare fluctuations. The steps to be taken to achieve this will be taken by the ministry. Despite the UDAAN scheme and market growth, external factors like Covid have impacted airfares. Discussions to reduce prices are forthcoming, prompted by concerns over high fares during peak seasons and the need for better price regulation in the rapidly growing aviation market.
- Star Health & Allied Insurance plans 15% price hike for two productsStar Health & Allied Insurance in Chennai may raise prices by up to 15% for Senior Citizens Red Carpet Health Insurance Policy and Young Star Health Policy due to medical inflation and healthcare costs.
- All Eyes On Reasi trends on social media as outrage grows over terrorist attack on Vaishno Devi pilgrimsA bus carrying pilgrims in Jammu and Kashmir's Reasi district fell into a gorge after a terror attack, killing nine. Bollywood celebrities expressed condolences on social media. Kangana Ranaut, Rashmika Mandanna, Varun Dhawan, Uorfi Javed, and Anupam Kher condemned the attack and prayed for the victims, calling for unity and strength for the bereaved families.
- Rupee ends at record low vs US dollar as Asian peers slipThe Indian currency has been hovering near its record low of 83.5750, a level it reached in April. However, regular market intervention by the Reserve Bank of India has helped to curb further decline, according to traders. Last week's trading was notably volatile due to the national election results, prompting increased hedging activity from importers and exporters, as indicated by data from a local clearing house.
- On World Environment Day, Anant Ambani's Vantara unveils a powerful celebrity campaign, pledges 1 million trees annually for a greener tomorrowVantara, founded by Anant Ambani, launches a video campaign with top celebrities on World Environment Day to promote environmental conservation.
- Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
- Kuwait fire: Massive accident in Mangaf leaves 49 dead, including several Indians; Embassy issues emergency numbersKuwait Fire: A major fire in Kuwait's Mangaf area killed 49 workers, many of whom were Indians, including five Keralites. The blaze began in a kitchen of a six-storey building housing 160 workers. The Indian Embassy set up an emergency helpline, while External Affairs Minister Jaishankar expressed shock. Kuwait's Interior Minister ordered the arrest of the building owner and others
- IPO season is back with more than 2 dozen companies chasing Rs 30,000 croreIndia's primary market anticipates a wave of IPOs with over two dozen companies planning to raise ₹30,000 crore. Investor confidence is high with the Modi government's return for a third term, ensuring stable governance and policies.
- 'Unemployment is not a problem': Arvind Panagariya's prescription to FM Nirmala Sitharaman ahead of BudgetArvind Panagariya believes India's job challenge lies in reallocating capital to labor-intensive sectors rather than creating jobs. He emphasizes that too much capital is tied up in industries like machinery and pharmaceuticals that don't hire many workers. Panagariya suggests redirecting capital to sectors that generate more jobs per investment, stressing the upcoming budget as a critical policy statement.
- Sensex nearly doubled during Nirmala Sitharaman's first tenure as FM. Next target: 1 lakh!Sensex nearly doubled during Nirmala Sitharaman's first tenure as FM. Anand Rathi and market guru Raamdeo Agrawal predict the benchmark at 1 lakh level by FY28.
- Form 16 due date: When will you get TDS certificate from your employer?Last date to get Form 16: Salaried individuals need Form 16 to make the ITR filing process easier for them. It is a TDS certificate showing all the taxes deducted during the financial year as well as total income paid by an employer during the financial year. Read on to know the deadline for employer to issue Form 16.
- Taj reclaims crown of world's strongest hotel brandIndian Hotels Company (IHCL), the largest hospitality company in India, announced that its iconic brand, Taj, has reclaimed its title as the World's Strongest Hotel Brand according to Brand Finance's 'Hotels 50 2024' annual report. The report recognized Taj's brand value, which increased by 45% to $545 million, making it the world's strongest hotel brand with an AAA+ rating. Taj also ranked as the second-fastest-growing brand globally.
- Beyond TDP euphoria! Andhra-linked stocks that are worth buying for the long termStocks of companies linked to Andhra Pradesh surge post TDP victory, led by Heritage Foods and Aurobindo Pharma.
- Morgan Stanley bullish on 4 gas stocks if natural gas is included in GSTMorgan Stanley predicts bullish trends for gas stocks following the inclusion of natural gas under GST. E&P giants like ONGC and Oil India are poised to benefit most, with estimated upsides of 5% and 3-4% respectively in earnings. Operational efficiencies and cost reductions are expected, enhancing prospects across the natural gas value chain.
- Buyers return to stores as gold prices cool downGold prices fell by 4.5% in three weeks, boosting consumer sentiment. Mumbai's Zaveri Bazaar, Asia's largest gold market, saw increased activity at jewellers like Joyalukkas and Senco Gold & Diamonds.
- Canada Explained: A complete guide to Post-Graduation Work PermitA Post-Graduation Work Permit (PGWP) allows international students from designated learning institutions (DLI) in Canada to work temporarily after graduation for gaining practical experience in their field of study.
- Reliance's Jio Platforms clears hurdle in bid to launch satellite internet in IndiaJoint venture between Reliance Industries' Jio Platforms and SES, based in Luxembourg, has received the green light from the Indian space regulator to operate satellites in the country, according to a government official. Orbit Connect India, aimed at delivering high-speed internet access via satellites, has secured three approvals. This development emerges amidst a competitive landscape where companies like Amazon.com and Elon Musk's Starlink are seeking approval to launch satellite communication services in India, the world's most populous nation.
- What’s fueling the shift in Indian investor behaviour?India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
- Sania Mirza all set to go on the Hajj, requests friends to keep her in their prayers as she embarks on a ‘journey of a lifetime’In Islam, Hajj is a pilgrimage to the holy city of Mecca and a religious duty. Every financially capable adult Muslim is required to undertake this journey at least once in their lifetime. Hajj is regarded as one of the Five Pillars of Islam.
- Delhi, Ghaziabad Power Cut: Here are affected areas, reason behind power outage and when it will be restoredDelhi Power Outage: A fire at a power grid in Mandola, Uttar Pradesh, caused prolonged power outages in Delhi and Ghaziabad, exacerbating the city's heatwave and water crisis. Temperatures reached 42°C. Delhi Power Minister Atishi announced efforts to restore power and plans to meet with the Union Power Minister, criticizing the central government's handling of national power infrastructure. Social media buzzed with residents' complaints.
- Pawan Kalyan: The star who struggled and turned into a stormAfter years of political struggle, film star Pawan Kalyan makes a triumphant entry into Andhra politics, taking oath as a minister alongside TDP president Chandrababu Naidu. Kalyan's Jana Sena Party achieves a significant victory in the elections, marking a turning point in his career and political aspirations.
- Ambuja Cements to acquire 100% stake in Penna Cement for Rs 10,422 croreThe acquisition will be fully funded through internal accruals, the filing said. The move is expected to boost Ambuja Cements' growth, said Ajay Kapur, CEO & Whole Time Director. The consolidated turnover of PCIL for the last three years i.e. FY2023-24, FY2022-23 and FY2021-22 is Rs 1241 crore, Rs 2002 crore and Rs 3204 crore, respectively.
- PhysicsWallah founder Alakh Pandey files PIL on NEET resultsPhysicsWallah founder and CEO Alakh Pandey has filed a PIL with the Supreme Court regarding the NEET-UG 2024 exam controversy, involving grace marks awarded by NTA and alleged question paper leaks.
- World Cup 2024: All the visas that will let you play for the US cricket teamMany have remarked that few players on the host team are truly nationals of nations like India and Pakistan, and even fewer are recently naturalised citizens, as the Men's T20 World Cup 2024 is currently taking place in the United States. Which visas or immigration routes allow you to represent the United States cricket team?
- A 'kavach' helped 46,000 Indian women avoid deadly work during heat wavesIn Ahmedabad, scorching temperatures above 43C for a week left laborers like Lataben Makwana facing deadly conditions. A program by ICICI Lombard provided relief, paying out $340,000 to 46,000 women when temperatures spiked. Led by SEWA, the initiative aims to expand, offering financial security to vulnerable workers impacted by climate change.
- ET Make in India SME Regional Summit in Kolkata to look at Bengal’s potential and opportunities to uplift MSMEsEntering its third city this year, the ET Make in India SME Regional Summit will host brainstorming sessions, networking opportunities and engaging discussions with entrepreneurs and government representatives on developing businesses in the region.
- Modi Cabinet portfolios allocated; Sitharaman retains finance ministry, Jaishankar to serve as EAM againNDA Full List Ministry Portfolio: Prime Minister Narendra Modi began his third consecutive term on Monday by allocating key portfolios to ministers following their swearing-in ceremony. This cabinet formation includes 30 cabinet ministers, 36 ministers of state (MoS), and 5 MoS with independent charge from the BJP and its allies, marking the establishment of the National Democratic Alliance (NDA) government under his leadership
- ET Circle: The private equity playbook with Manish Kejriwal—trust, mentorship, and intellectual honesty as pivotal pillars In this episode of ET Circle, Manish Kejriwal, Founder of Kedaara Capital, delves into the foundational pillars of trust, mentorship, and integrity within private equity. Kejriwal emphasises trust as essential for enduring relationships and performance. Aspiring fund managers should prioritise credibility and performance while nurturing mentorship and ethical conduct, Kejriwal advocates. From distinguishing venture capital and private equity strategies to fostering cultural integrity within Kedaara, Kejriwal's insights span a wide spectrum He envisions a future where private equity drives innovation and sustainable growth, emphasising responsible investing practices amidst evolving market dynamics.
- YouTube star Ben Potter death reason: What caused 'Comicstorian's' death at 40?YouTube star Ben Potter has died and he was just 40 year-old. Potter's wife Nathalie Potter offered more details.
- Your Honor Season 3: Is the third installment in the making? Latest UpdatesIf you're planning a relaxed weekend of streaming, Netflix has got you covered. Richard Linklater's critically acclaimed comedy "Hit Man" has just dropped, all nine seasons of "How I Met Your Mother" have returned, and a lesser-known series, "Your Honor," has recently climbed into the platform's top ten list.
- IndiGo, Air India upgrade playbooks to keep up with India's rising middle classIndia's rising affluence is driving a significant shift in the lifestyle of the middle class, with a growing preference for premium products and experiences, both on the ground and in the sky. Airlines are capitalizing on this trend by offering luxurious amenities to cater to the surging demand, such as roomier seats, gourmet meals served on designer tableware, and lavish vanity kits.
