BLACK MONEY IMPACT
Best Cryptocurrencies to Invest in July 2024
Explore the top 10 cryptocurrencies for July 2024. Get insights on promising investments for your crypto portfolio.
Top fertiliser maker says ‘Black Swan’ jolts are finally easing
Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.
India passes anti-money laundering review, but FATF calls for improved oversight in non-financial sectors
India's compliance with anti-money laundering rules under FATF scrutiny includes improving supervision in non-financial sectors and facing criticism over counter-terrorism laws, with the country being a member of the FATF alongside major economies like the US, Japan, France, EU, and China.
For our mutual benefit
BlackRock's resurgence can be attributed to more than just market growth: India's growing ESG (Environmental, Social, and Governance) movement plays a crucial role. As a prominent figure in sustainable and transition investing globally, BlackRock's involvement is anticipated to elevate ESG standards in India, promoting increased transparency and accountability in the market. The explanation lies not in a sudden change in BlackRock's strategy but rather in the significant evolution of the Indian mutual fund industry over recent years.
Jeff Bezos’ ex-wife MacKenzie Scott donates whopping amount to Black mothers, goes viral. Details here
After receiving $38 Billion as the divorce settlement, Jeff Bezos’ ex-wife MacKenzie Scott has donated to organizations working for decreasing maternal mortality rates, and groups working in the fields of arts, education, affordable housing, and public health.
Trump will try to turn his guilty verdict into campaign fuel
Donald Trump, facing 34 felony convictions linked to the 2016 election, plans to leverage the verdict as campaign fuel. He claimed that the verdict was politically motivated. Trump remained defiant and ready to fight, with his team insisting the outcome would not affect the election. Following the guilty verdict, Trump's campaign rallied supporters, labeling him a "political prisoner" and selling black "Make America Great Again" caps in response.
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Need an alternative to electoral bond scheme, black money's impact on polls to rise, says Home Minister Amit Shah
Home Minister Amit Shah expressed concerns that the scrapping of the electoral bond scheme by the Supreme Court could lead to an increase in the influence of black money during the ongoing Lok Sabha elections. He said that an alternative should be debated in Parliament. The debate should involve all stakeholders including political parties, Shah said. He emphasised the need for collective deliberation to decide on a new solution following the court's judgment that the scheme violated constitutional rights.
Donald Trump, without evidence, claims migrants in U.S. illegally 'building army' to attack Americans
At a rally in New York City's South Bronx, Republican presidential candidate Donald Trump made unsubstantiated claims that immigrants from Africa, the Middle East, and other regions are "building an army" to attack Americans from within. Speaking to a diverse crowd, Trump portrayed migrants as a violent threat, despite studies showing no higher criminality rates among immigrants. He pledged a massive deportation operation if re-elected, linking illegal immigration to economic challenges faced by Black and Hispanic communities.
Best hedge trimmers in India for meticulous trimming and superior performance
This article lists the best hedge trimmers in India and highlights top models in various categories to suit different needs. For cordless options, the BLACK+DECKER GTC18502PCF-B1 stands out with its 18V battery, POWERCOMMAND™ button, and ergonomic design, while the EVEAGE Cordless Grass Shears offer a versatile 2-in-1 tool with an 8V rechargeable battery and lightweight build. In the electric category, the GARDENA 9831-20 EasyCut is praised for its 450W motor, dual-action blades, and ergonomic handling, making it ideal for small to medium hedges. The STIHL HSE 42 provides consistent power with a 500 mm metal blade and a lightweight design for ease of use. For those on a budget, the BLACK+DECKER GT4245-B1 offers a 420W motor, 45 cm blade, and essential safety features like a cable management system and protective guard.
10 Best Solar Panels in India: Harnessing Innovation for a Sustainable Future (2024)
Embrace the shift towards renewable energy and unlock the potential of solar power with the best solar panels, driving us towards a more sustainable and eco-friendly future. Uncover cutting-edge technologies such as PERC (Passivated Emitter Rear Cell) and bifacial modules, maximising energy production even in challenging conditions. With high efficiencies and robust construction, these panels withstand the test of time and weather, ensuring long-term performance and savings. Read on to explore the versatility of solar energy with panels suitable for various applications, backed by trusted warranties.
Country's biggest leader given up morality, does not walk on path of truth: Priyanka Gandhi on PM Modi
She alleged that attempts are on to weaken the opposition by suppressing their voice, seizing their bank accounts and jailing two chief ministers. "There was a time when a leader would stand up, and people of the country expected him to be an ethical person.
First major attempts to regulate AI face headwinds from all sides
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the need for transparency and accountability.
Elon Musk has a giant charity, its money stays close to home
Musk, the world's second-richest person, according to Forbes, presides over SpaceX, Tesla and other companies that are pushing the boundaries of technology, while also controlling a social media platform, now known as X, formerly Twitter, through which he promotes his often-polarizing political and social views.
A few switching sides won't impact INDIA; Mamata Banerjee still part of alliance: Sachin Pilot
In an interview with PTI, Congress leader Sachin Pilot said West Bengal Chief Minister and TMC chief Mamata Banerjee is very much part of the Indian National Developmental Inclusive Alliance (INDIA), and expressed confidence that a way forward will be found in seat-sharing talks with her party.
Mind Over Money: This IIT, IIM alumni MD & COO is an avid reader, does Vipassana and trekking to keep mentally fit
Shilpa Gupta discusses her experience with Vipassana meditation and its impact on her mental fitness. She was introduced to Vipassana at the age of 24 by her family and found it life-altering. Vipassana teaches mindfulness and equanimity, leading to increased awareness, self-control, and peace. Gupta practices Vipassana daily and has attended eight ten-day courses. She believes that Vipassana helps her deal with the challenges of life and improves her focus. Additionally, Gupta shares her love for trekking and the importance of having a strong mind in difficult situations.
Byju’s big valuation cut by BlackRock; HCLTech, Wipro earnings a mixed bag
Happy Friday! Beleaguered edtech company Byju’s valuation has been slashed again – this time to $1 billion – by BlackRock, the world’s largest asset manager. This and more in today’s ETtech Top 5.
Inside the record year for India’s $585 billion mutual funds industry
Money managed by Indian funds makes up about 16% of the size of the South Asian economy, with the proportion having doubled in the last 10 years, Amarjeet Singh, a whole-time member of the Securities and Exchange Board of India — the markets regulator — said at a conference in Mumbai last month.
Crypto market eyes interest rates and expected bitcoin ETFs in 2024
Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and fraud charges against its CEO, Sam Bankman-Fried, undermined the credibility of the industry.
Byju’s investors spell out terms for fresh funding; ecommerce orders see Black Friday spike
Investors at Byju’s have demanded the company meet certain conditions before they invest new capital amid a deepening fund crunch.
Crypto Winter Thaws: The dawn of Bitcoin ETFs led by BlackRock
The development is ironic considering BlackRock CEO Larry Fink dismissed Bitcoin as little more than an index for global money laundering in 2018.
Wall St ends mixed in truncated Black Friday trading
The S&P 500 closed nominally higher, while the Dow eked out a modest gain. The Nasdaq was dragged slightly lower by weakness in megacap momentum stocks.
Recession fears? Rich Americans curb spends ahead of Black Friday
In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class - including Apple, Coach and Nordstrom - saw its biggest sales drop in two years, according to an exclusive analysis of Bloomberg Second Measure data.
One year after FTX imploded, here's how crypto is changing
"The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team," Kling wrote.
Airtel Africa back in black, but Nigeria currency woes weigh
"As reported in July 2023, our results for the first quarter were significantly impacted by the changes to the FX market in Nigeria, introduced by the central bank. While the changes are required for the long-term benefit of the Nigerian economy, the immediate impact of the naira devaluation continues to weigh on our reported financial performance in the period," said Olusegun Ogunsanya, group chief executive officer, Airtel Africa.
Richie rich facing tax cases may be spared court visit
The Calcutta High Court has ruled that individuals facing prosecution by the Income Tax department under the Black Money law will not be required to personally appear in court. Instead, they will need to give an undertaking not to leave the country without permission from the trial court. This ruling is expected to have a positive impact on ongoing prosecution cases related to TDS defaults under the Income Tax Act.
Rs 2,000 notes withdrawal will help curb black money to 'great extent': Former RBI DG
Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a "great extent" because people are hoarding the high value currency. Gandhi, who was leading the currency department during the demonetisation of 2016, told PTI that any systemic impact on payments is unlikely because the notes are not used in day-to-day payments, which mostly go through in a digital manner.
IPL-flavoured portfolio: How Alok Jain picks his dream XI stocks for big returns
While we select stocks based on our algorithms in a non-discretionary manner, we can divide the team using three major types of stocks. One kind is the opening stability kind of stock mostly in the largecap zone that are difficult to move but once they get going the momentum runs for a while.
CBI's key responsibility is to free India from corruption: PM Modi
Prime Minister Narendra Modi has called for India to have professional and efficient institutions, and said that the Central Bureau of Investigation (CBI) has a massive responsibility in the country's development. He said it was the agency's responsibility to free India from corruption, a key barrier to democracy and justice. Modi said the government had launched a mission against black money and benami property and was fighting the underlying causes of corruption.
SVB collapse shows fickleness of crypto money
Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. “Evil is a strong word,” they wrote. “You may find the moral category too severe for something as mild as breaking a promise. In which case, you may want to change the title to ‘Distrust Is the Root of All Money.’ But that wouldn’t have quite the same ring.”
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