DATA STRUCTURES
Sonam Udasi on three tactical sectors to be bullish on for near term
The pockets that seem cheaper today are large private sector banks, some IT, and the expectation that consumption may get a leg up post the budget. Those are the three tactical sectors we are looking at currently.
Hunting behind disappearance of large animals: Study
A recent study from Aarhus University's ECONOVO Center concludes that human hunting, rather than climate change, was the primary cause of megafauna extinctions over the last 50,000 years. The loss of large animals has had significant ecological consequences, and the researchers emphasize the importance of active conservation and restoration efforts to mitigate these changes and support biodiversity.
Dollar on the defensive after soft data, little relief for yen
Currency markets react to global economic trends, with sterling potentially shifting leadership from Rishi Sunak to Keir Starmer in the UK.
Step into Space with NASA's latest 3D video as it takes you through the cosmic 'Pillars of Creation'
NASA has unveiled a stunning 3D visualization of the 'Pillars of Creation' located in the Eagle Nebula, combining images from the Hubble and James Webb Space Telescopes. These cosmic structures, first captured by Hubble in the 1990s, have fascinated humanity for their towering columns of gas and dust where new stars are born. The new video allows viewers to explore these pillars in three dimensions, showcasing their intricate details and contrasting views from Hubble's visible-light images to Webb's infrared perspectives. This initiative aims to enhance public engagement and understanding of star formation processes, part of NASA's Universe of Learning initiative.
Post tariff hikes: Users could spend Rs 47,500 crore more, trade up data plans
The recent hefty tariff hikes by major Indian telecom companies, Reliance Jio and Bharti Airtel, are expected to significantly increase consumer spending on telecom services, potentially adding Rs 47,500 crore annually. These increases, aimed at boosting 5G monetisation, raise the cost of entry-level 5G plans by up to 71%. Analysts anticipate a 15-17% rise in average revenue per user (ARPU) for Jio and Airtel, driven by up-trading to higher data allowance plans. Despite risks of subscriber churn, the hikes are seen as pivotal for enhancing profitability and investment returns in the telecom sector.
Bengal CM Mamata writes to PM Modi, urges to abolish NEET
Mamata Banerjee advocates for restoring state government involvement in admissions to uphold the country's federal structure, amidst concerns of corruption in the NEET Examination system. The Ministry of Education is taking steps to address irregularities and enhance examination processes.
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How GenAI is opening up new revenue streams for IT firms and GCCs
The rise of generative AI (GenAI) presents an opportunity for IT firms to unlock new revenue streams. Companies like Accenture, Infosys, and Tech Mahindra, alongside global capabilities centers (GCCs), are seeing a surge in data standardisation work. This is driven by the vast amount of "uncleaned/unstructured" data held by their clients and parent companies.
"Disappointing...": BJP leader Rajeev Chandrasekhar on NEET UG exam issue
BJP leader Rajeev Chandrasekhar expressed disappointment over students being disadvantaged in the NEET UG exams but praised the government's steps to ensure exam integrity. The NTA, which conducted the exams, faced criticism for alleged irregularities. The Ministry of Education formed a high-level committee, led by Dr K. Radhakrishnan, to recommend reforms for transparent and fair exam conduct, data security, and NTA functioning. The committee will submit its report in two months.
Centre's seven-member high-level panel formed to oversee NTA's functioning to hold meet, sources
The Centre's high-level committee overseeing the National Testing Agency (NTA) is set to meet on Monday to address transparency and operational issues. This committee, led by Dr. K. Radhakrishnan, will submit its recommendations on reforming the examination process and improving data security to the Ministry of Education in the next two months. The NTA, which conducted the NEET-UG exams, has faced criticism and allegations of irregularities, leading to protests and demands for its disbandment.
TRADERS’ CORNER: A railway stock gets ready for an 11% upmove, while a defence stock is not behind with 9% swing trade
All the old boys are back into momentum territory
Gold gains as soft US data lifts Fed rate cut bets
Gold prices rose on Tuesday following softer-than-expected U.S. retail sales data, boosting hopes of Federal Reserve rate cuts. Spot gold and U.S. gold futures also increased, influenced by lower Treasury yields and the declining dollar.
A Southwest Airlines plane that did a 'Dutch roll' suffered structural damage, investigators say
A Boeing 737 Max suffered structural damage during a Southwest Airlines flight due to a Dutch roll. The NTSB disclosed the incident on May 25 from Phoenix to Oakland. Southwest notified the damage on June 7, leading to maintenance. Dutch roll involves yaw and rocking motions resembling ice skating.
Secular bull trend in India significantly reasserting itself: Jonathan Garner
There was a counter trend rally in China in April, but that has run out of steam quite badly in the last two or three weeks as the negative fundamentals have reasserted themselves, so that is nominal GDP growth that is running at only around a third of the level of India, a currency that is more susceptible to weakness than what you see in the case of the Indian rupee.
Telcos likely to see modest revenue growth in June Qtr
Analysts expect a modest 2.5-3% sequential increase in revenue growth for the telecom sector in the June quarter. Despite higher data usage during the IPL cricket tournament and increased demand for international roaming packs during the summer holiday season, revenue growth is expected to be limited. This is due to many mobile users still paying lower 4G rates even after opting for 5G packs, and most subscribers having large amounts of unused data, reducing the need for costlier mobile broadband plans.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Former Allianz employee pleads guilty to fraud over $7 billion funds meltdown
Former Allianz fund manager Gregoire Tournant pleaded guilty to investment adviser fraud charges related to the $7 billion losses in private funds during the COVID-19 pandemic meltdown. Tournant misled investors about fund risks, altered performance data, and obstructed an SEC probe. Allianz agreed to pay $6 billion to resolve the case, with two other managers also pleading guilty. Tournant had previously denied the charges but changed his plea.
What should investors do with defence stocks? Mayuresh Joshi answers
However, I think for markets with India perspective we are very-very light right now, we still like to see over the next couple of days of what transpires on the political front and therefore the initiatives that will be taken over the next few days and specifically in the budget in terms of allocations are going to be extremely critical.
Dollar finds footing as traders turn to US services data
The dollar steadied as traders awaited an interest rate decision in Canada and U.S. services data. The yen received a boost after reports of potential bond buying cuts by the Bank of Japan, leading to a rise in the Swiss franc. Japanese real wages fell for the 25th straight month due to inflation outpacing pay rises.
That’s not funny: Why AI doesn’t get the joke
Despite the advances in technology, artificial intelligence has not grown a sense of humour. That is no laughing matter.
No need for speed: Luxury cars' involvement in accidents spur worries
Speeding luxury cars have caused several fatal accidents across India, highlighting the dangers of reckless driving. Recent incidents in Pune, Noida, and Bengaluru involved high-end vehicles like Porsche, BMW, and Audi, resulting in deaths and injuries. The rise in road accidents underscores the need for stricter licensing regulations and pedestrian-friendly infrastructure.
Edelweiss Financial Services shares fall 17% post RBI action on 2 companies
Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day's low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.
Yen's relentless slide revives Japan's interest in structural reforms
Japanese policymakers are focusing on structural economic factors driving persistent yen declines, as market intervention has limited impact on the currency's broader slide.
Gold prices flat ahead of US inflation data
Gold prices steady as investors await U.S. inflation insights. Spot gold at $2,338.04 per ounce, with futures at $2,358.30. Fed survey shows cautious optimism, while India's silver imports surge. BHP Group ends bid for Anglo American, impacting silver prices.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
How family businesses need to combine intuition with data-driven processes for hiring professionals
Infusing external talent to bring fresh perspectives, specialised expertise and strategic insight is imperative to propel the business forward. However, the senior talent acquisition process is not without challenges.
Paytm market cap nears $2.5 billion as shares continue to tumble
When it was listed on the public bourses in 2021, Paytm was valued at nearly $20 billion.
Mizoram: 50 Myanmarese refugees increase tally to 34,332
Following a recent influx of 50 individuals from Myanmar to Mizoram, the number seeking refuge has risen to 34,332. According to a Mizoram government official, these individuals are entering Mizoram to avoid being conscripted into the Arakan Army (AA) militant group.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
Centre may allow companies a bigger CSR canvas to paint on
Section 135 of Companies Act requires firms of a certain size to spend every year at least 2% of average net profits of previous three financial years on stipulated CSR activities. Failure to do so will make a company liable to pay a penalty twice the unspent amount, or ₹1 crore, whichever is less. Even every officer of a company who is in default is also liable to a maximum penalty of ₹2 lakh.
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