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Forgot Modi stocks? Numbers indicate don't write them off. 26 are already back. Budget tailwinds may bring more of them back to limelight again
Just before the election results were announced, some domestic and foreign brokerages came out with a report about a set of stocks which were called Modi stocks. The number varied from 50 to 55 stocks. The reason why they were called modi stocks was the fact that these stocks were from sectors which were expected to get renewed policy push once the third term of the Modi government started. This list had stocks which would power data centers, which is essentially an AI play to green energy stock to PSU stocks from sectors which were getting strong policy push. But then political arithmetic turned different and everybody forgot about them. One month later, if one looks at them, it is clear that while the term “ Modi stocks” might be off the headline, in terms of performance, the picture is very different from what most have been thinking. It is far better and there is a high probability that it might get better.
1975 Emergency explained: A look back at India's 'dark days of democracy'
1975 Emergency: On June 25, 1975, then-Prime Minister Indira Gandhi declared a state of Emergency in India, citing a "deep and widespread conspiracy" against her government. This move followed a Supreme Court stay on a verdict nullifying her election and barring her from parliamentary proceedings. During the 21-month Emergency, civil liberties were suspended, and strict censorship was imposed. Gandhi's government faced criticism and protests, leading to its end in 1977 after general elections were called and political prisoners were released.
As Dolphin population drops in the Amazon river, a man toils to keep them protected
Dolphin species, especially the one known as 'pink dolphins' have been declared endangered and their numbers are rapidly reducing along the Amazon, which has led to a man Fernando Trujillo towards taking a pledge to protect them at all costs. Thanks to the efforts of the man and the locals of the region, some of the marine life has stayed sustained till now. But, for how long?
NDA govt will collapse, we will set up INDIA bloc-led govt, says Uddhav Thackeray on Shiv Sena's foundation day
Shiv Sena leader Uddhav Thackeray dismissed rumors of his faction aligning with the BJP to support the NDA government, emphasizing they would never join forces with a party that tried to undermine them. Addressing party workers in Matunga on Shiv Sena's inauguration day, Thackeray asserted their commitment to seeing the current government fall and expressed a preference for fresh elections or INDIA bloc governance
El Salvador Prison: Thousands of gang members kept in cramped cells amid torture, fear of death. No one comes out alive
New photos reveal the terrible conditions inside a massive prison in El Salvador. No inmate has ever been freed.
For an AI lesson, India must look back — 300 years
The profound impact of the industrial revolution on cotton-spinning may be poised for a repeat in a $250 billion white-collar powerhouse. As generative AI morphs into artificial general intelligence — machines rivaling human cognitive abilities — even highly complex tasks may not require expert programmers.
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NDA strengthened foundation of a 'new politics' in South with its LS poll performance: PM Modi
Prime Minister Narendra Modi praised the National Democratic Alliance's success in South India during the recent Lok Sabha polls, highlighting victories in Kerala and Andhra Pradesh. Despite not winning seats in Tamil Nadu, Modi emphasised the rise in NDA's vote share as a positive sign for the future. He also acknowledged the sacrifices made by BJP workers in Kerala and expressed optimism for the alliance's growing influence in the region.
Is EVM dead or alive? Narendra Modi hits out at INDIA bloc for maligning Indian democratic process
Prime Minister Narendra Modi criticized the opposition INDIA bloc for alleging EVM tampering and undermining the Election Commission. He highlighted the opposition's failure to gain traction and emphasized the trust people have in the NDA. Modi reaffirmed his commitment to good governance and was elected as the leader of the BJP and NDA Parliamentary Party, showcasing NDA’s strong coalition government.
Indya and FabAlley's parent co raises Rs 50 crore from investors led by Sangita Jindal
High Street Essentials (HSE), the parent company of women’s fashion brands Indya and FabAlley, secures Rs 50 crore in funding led by Sangita Jindal of JSW Foundation. This investment will fuel Indya's expansion in the occasion wear and wedding market, leveraging strategic designer collaborations and global expansion plans. The company aims to open 10 new wedding stores this year and expand its international retail presence.
Chatter doesn't matter: Has Adani been able to firewall himself?
Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value. Recent accusations regarding a coal deal and ethical concerns have failed to impact the group's stocks significantly. Investors seem impervious to negative chatter as the group continues its growth journey.
21 international organisations write to CJI for speedy resolution of Adani coal imports case in SC
The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013.
Reliance’s Tira lays foundation using AI tools to push into India's glossy beauty market
Reliance Industries Ltd.’s Tira, a new venture in India’s beauty sector, leverages AI for personalized experiences like fragrance selection and skincare analysis. With 12 stores and online presence, Tira competes with Nykaa and Tata Group’s Palette in a rapidly growing market. Reliance's diversification strategy aims for innovation and market dominance.
Nobel laureate & short story master Alice Munro passes away at 92
Munro had been in frail health for years and often spoke of retirement, a decision that proved final after the author's 2012 collection, 'Dear Life.'
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
A cricket World Cup is coming to NYC's suburbs, where sport thrives among immigrant communities
Eisenhower Park in New York hosts the T20 World Cup, showcasing cricket's rise in the U.S. with matches between top teams like Pakistan and India. The tournament concludes in Barbados, highlighting the sport's global appeal.
Murthy & Kris want next govt to ease way for entrepreneurs
Infosys founder NR Narayana Murthy said no country has solved the problem of its poverty without encouraging its entrepreneurs. Gopalakrishnan said the new government at the centre must push for more public and private spending on research.
40 Under Forty: Ethics, innovation tilt scales for winners
It was a lucky 13 last week — the group of elite jurors, who evaluated, debated, and finally selected this year’s cohort of ET’s 40 Under Forty. The focus was on long-term impact — whether on business or society.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Democracy will end if 'Modi-Shah sarkar' comes back to power: Congress chief Mallikarjun Kharge
Congress president Mallikarjun Kharge warned that if the "Modi-Shah sarkar" returns to power, democracy in India will be endangered, claiming they would dismantle the Constitution crafted by Dr. Babasaheb Ambedkar. Speaking at a public meeting in Satna, Madhya Pradesh, Kharge urged voters to support the Congress and its 'panja' symbol to preserve democracy and uphold the rights enshrined in the Constitution.
Debutant's poll: What do the first-time voters of Election 2024, who have come of age in the Modi regime, want?
A recent analysis found that while there are 1.8 crore new young voters, they represent less than 40% of those eligible to vote in this age group. Even among young voters who are keen to exercise their franchise, there is confusion about how to go about it logistically, says Shevika M, founder and director of Kuviraa, a Mumbai-based nonprofit that works with young girls to increase their knowledge of and engagement in politics.
MI vs DC 2024 IPL match: Hardik Pandya, Rohit Sharma & other players of Mumbai Indians' share special message for fans
MI shared a video featuring Pandya and Sharma before MI vs DC 2024 IPL, aiming to bring joy to young fans. Ganguly supports Pandya over captaincy change. MI struggles under Pandya's leadership while Rohit Sharma, as former captain, mentored many players.
Coming to a cinema near you, a new Madhubala movie?
The late Bengali superstar Uttam Kumar has been resurrected in Srijit Mukherji's latest film, Oti Uttam. The film uses old B&W footage and an AI company to 'clone' the actor's voice, even delivering dialogues that the actor may have never uttered. This practice is increasingly popular in films, especially biopics, where deceased actors are brought back to life using CGI and VFX.
Ukraine ramps up spending on homemade weapons to help repel Russia
Ukraine is boosting its defense industry to fight Russia, investing heavily in local weapon production. The government budgeted nearly $1.4 billion in 2024 for homemade weapons, 20 times more than before. Private factories are now crucial, making thousands of shells monthly. This shift aims to counter Russia's dominance. However, Ukraine faces challenges like bureaucracy and manpower shortages. Despite this, its drone industry has thrived. The conflict hinges on resources and how well Ukraine uses them, as massive Western support remains crucial for its defense.
Manufacturing won’t play as great a role in India as in China. Services will play a greater role: Bill Gates
Bill Gates highlights India's potential, collaborations, and growth opportunities in various sectors like health, digital infrastructure, and agriculture. He emphasizes the importance of technology, AI, and education to drive India's progress. Gates says: "India will have to do things its own way. Manufacturing, for example, will play a role, but not as great a role as it did, say, in China."
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.
It's a wonder I came out of jail alive: Ex-DU professor Saibaba after release from Nagpur jail
Former Delhi University professor G N Saibaba, who was released from the Nagpur Central Jail after his acquittal in an alleged Maoist links case, expressed wonder at his ability to come out alive despite suffering a "brutal" jail life. Saibaba, who works for the rights of tribals in central and eastern India, called his arrest an "afterthought" and claimed that the prosecution had failed to prove the charges beyond a reasonable doubt.
Finance Minister Nirmala Sitharaman praises Bengaluru for tax buoyancy, but says money comes back to State too
Finance Minister Nirmala Sitharaman praised Bengaluru tax payers for their contributions and the Department of Revenue's national faceless income tax assessment scheme. She emphasized investments in Bengaluru, including the central processing centre, connectivity, Mangaluru port, and the role of manpower from the city.
Blinken brings Arab message to Israel: Keep hope of Palestinian state alive
US Secretary of State Antony Blinken urges Israeli leaders to minimize civilian harm in Gaza, emphasizing the need for a Palestinian state to resolve the conflict. International worry grows over Palestinian casualties. Blinken discusses Gaza's future governance amid escalating tensions. Amidst heavy fighting, Israel transitions to more targeted strikes. Meanwhile, healthcare collapse looms in Gaza, with restricted aid access and hospitals at risk of closure. Hezbollah's involvement adds regional complexity.
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