EMPLOYMENT ZONES
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%
Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros are shaping for good, it appears that there is no reason for bulls to leave their control any time soon. While being bullish, be ready for a phase of volatility. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Has Mt. Everest become world's highest ice-covered cemetery? Special mission to bring back remains of mountaineers. Details here
As temperatures go up due to climate change, the snow cover of the world's highest peak Mt. Everest thins, and bodies of deceased climbers are becoming more visible. A team led by Major Aditya Karki recovered five bodies this year.
Charting the global economy: Fed holds; BOJ leaves yen at risk
Federal Reserve officials expect only one interest-rate cut this year, while the Bank of Japan delays details on bond buying. Far-right parties in Europe influence elections and impact the euro's value.
Exports from special economic zones up 4% to $163.69 bn in 2023-24
SEZs are enclosures that are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales outside these zones in the domestic market.
CBI to seek Interpol Notice against trafficking network members pushing Indians in Russia war zone
CBI to seek Interpol Red Notice against accused in human trafficking network pushing Indians into Russia-Ukraine war zone under guise of jobs in Moscow. Alleged hawala operator and key players identified in the conspiracy.
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Amritsar traders say trade revival with Pakistan key poll issue; will benefit farmers, transporters
Amritsar, a major city in Punjab, is urging for the resumption of trade with Pakistan through the Attari-Wagah land route. The trade volume between India and Pakistan through the land route used to be around Rs 5,000 crore per annum before the bilateral trade ties were suspended in 2019. The local industry has emphasized the necessity of the revival of trade for the betterment and development of Amritsar.
Fake job offers in India or abroad: How to spot a fraudulent job offer, know the full list of authorised agents for foreign jobs
Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.
MEA issues warning for Indians against fake job offers in Cambodia and Laos
The Ministry of External Affairs issued an advisory to Indian nationals about fraudulent job offers and fake agents in Cambodia and Southeast Asia, involved in cybercrimes, emphasizing caution in job searches.
PM Gati Shakti to aid in expanding social security
To begin with, the ministry has geotagged 1.3 million establishments covered under the Employees' Provident Fund Organisation (EPFO), about 1.5 million under the Employees' State Insurance Corporation (ESIC) and 104 ESIC hospitals for assessing the current social security coverage and planning future expansion.
Freelancer’s guide to the galaxy of danger zones in recruitment platforms
The gig economy is booming globally, with India seeing a surge in freelancers seeking work opportunities. While challenges exist in finding the right projects, online platforms are playing a crucial role in connecting freelancers with relevant opportunities. To succeed in this competitive landscape, freelancers need to showcase their skills, work with quality clients, and constantly upskill. However, they must also be cautious of red flags.
Taiwan detects seven Chinese military aircraft, seven naval vessels around nation
Taiwan's Ministry of National Defence reported the detection of seven Chinese military aircraft and seven naval vessels around Taiwan between Monday and Tuesday. The PLA aircraft included two that crossed the median line and three that entered the southwest corner of Taiwan's air defense identification zone (ADIZ). Taiwan's response included monitoring with surveillance systems, deploying combat patrol aircraft and naval vessels, and utilizing land-based air defense missile systems. This incident is part of a broader pattern, with China intensifying "gray zone tactics" since September 2020, involving military aircraft and naval vessels near Taiwan.
Taiwan detects eight Chinese military aircraft, five naval vessels around nation
Taiwan's Ministry of National Defence detected eight Chinese military aircraft and five naval vessels operating around the nation. Taiwan responded by monitoring People's Liberation Army (PLA) activity and deploying appropriate forces. One PLA aircraft entered Taiwan's southwest air defence identification zone (ADIZ). China has intensified gray zone tactics since September 2020, with increased military aircraft and naval ships around Taiwan. Taiwan's armed forces have been vigilant, deploying aircraft, naval ships, and air defence missile systems to monitor Chinese army activity.
Taiwan tracks 9 Chinese military aircraft, 6 naval vessels operating around nation
Taiwan's Ministry of National Defence reported detecting nine Chinese military aircraft and six naval vessels operating around Taiwan from Tuesday morning to Wednesday morning. Four of the aircraft entered Taiwan's Air Defence Identification Zone (ADIZ). Taiwan's armed forces responded by monitoring the situation and deploying aircraft, naval vessels, and coastal missile systems. This comes after similar Chinese military activity detected earlier in the week. In response, the Taiwan Air Force Command conducted an integrated air defence exercise to enhance overall defence effectiveness.
Taiwan detects 7 Chinese naval ships, 5 military aircraft around nation
Taiwan's Ministry of National Defense reported increased Chinese military presence, with seven naval vessels and five aircraft detected around Taiwan. This follows a pattern of heightened activity, including eight vessels and six aircraft detected the previous day. Taiwan's armed forces are monitoring and responding to these developments, deploying aircraft, navy vessels, and coastal missile systems. Since September 2020, China has escalated its gray zone tactics, incrementally increasing military operations near Taiwan to achieve its security objectives without direct force.
Delhi LG gives nod to set up special economic, free trade zones at IGI airport
SEZ and FTZ at IGI Airport approved to boost exports, warehousing, trading, simplify procedures, provide tax benefits, enhance logistics, create jobs. Ministry of Civil Aviation's Pilot Air Cargo Hub. DIAL's Cargo Terminals, Logistics Centres.
CBI busts human trafficking network sending Indians to Russia-Ukraine war zone
The Central Bureau of Investigation (CBI) has uncovered a significant human trafficking network that deceived Indians into traveling to the war zone between Russia and Ukraine under the guise of providing lucrative jobs abroad. The agency is conducting searches at over 10 locations across seven cities as part of its investigation. This comes after the tragic death of Mohammed Afsan, a 30-year-old man from Hyderabad, who was misled into joining the Russian army and was killed in the ongoing conflict with Ukraine.
Govt approves Rs 10,037 crore UNNATI scheme for Northeast industrial development
The government has approved the Uttar Poorva Transformative Industrialization Scheme, 2024, with a budget of Rs 10,037 crore, aimed at boosting industrial growth and employment in the northeastern states. The scheme aims to drive economic activity in manufacturing and services, leading to holistic socio-economic development. It seeks to generate employment, uplift socio-economic status, and create a conducive environment for economic activities. Under the scheme, investors will be incentivized to set up new units or expand existing ones, contributing to the region's industrial growth and economic prosperity.
Non-state actors increasingly gaining access to modern technologies of military use, says General Pande
"Today emerging technologies are no longer superpower-centric. Non-state actors are increasingly gaining access to modern technologies of military use and employing...in conflict. The fallout is an increased propensity in risk-taking behaviour and low threshold for initiation of armed conflicts," General Pande said.
Taiwan detects 21 Chinese military aircraft, six naval vessels around nation
Taiwan's Ministry of National Defence reported detecting 21 Chinese military aircraft and six naval vessels near Taiwan between Saturday and Sunday. One Chinese drone crossed the Taiwan Strait median line into Taiwan's air defense identification zone (ADIZ), while nine other aircraft entered the southwest sector of the ADIZ. Taiwan responded by deploying aircraft, naval ships, and air defence missile systems to monitor the situation. This incident is part of China's increased use of gray zone tactics, with Taiwan spotting Chinese military aircraft 30 times and naval vessels 14 times in March alone.
Taiwan tracks 9 Chinese military aircraft, 8 naval vessels; makes appropriate deployments
Taiwan's Ministry of National Defence tracked nine Chinese military aircraft and eight naval vessels operating around Taiwan. Four aircraft crossed the Taiwan Strait median line into Taiwan's air defence identification zone (ADIZ). Taiwan deployed forces in response. China has increased 'grey zone tactics' since September 2020, gradually increasing military presence around Taiwan. Earlier, 10 Chinese military aircraft and six naval vessels were detected, with one aircraft crossing the median line. Taiwan has detected over 250 Chinese military aircraft and over 150 naval ships in February.
Stay invested, we are not in a bubble zone, but remain watchful: Sumit Poddar, Tikona Capital
Sumit Poddar discusses the mixed outlook of the market, strong SIP flows, Q3 results, opportunities in smallcaps, and his view on the paint sector, including the entry of Grasim and the importance of the distribution side for competition. Poddar also says "rather than looking at the size of the company, we are looking at the opportunity that these companies are offering. We are not necessarily buying it because it is either a smallcap or a midcap."
China resorting to 'grey zone' tactics after deadly Kinmen boat incident: Experts
China's assertion that waters near Taiwan's Kinmen archipelago are not restricted marks a shift in its approach, seen as part of its "grey zone" tactics to pressure Taipei, experts say. This follows a recent incident where a Chinese speedboat capsized near Kinmen during a chase by Taiwanese authorities. Beijing's statement aims to undermine Taiwan's control over the area and could set a precedent for future actions. Experts suggest Taiwan should internationalize the issue and seek support from neighboring countries.
Budget 2024: 'After PLI, jobs-linked schemes need of the hour'
Interim Budget: Experts suggest that the government should introduce employment-linked incentives in the upcoming interim budget to promote job creation and formalization. They recommend providing tax breaks or subsidies to small and medium-sized enterprises (SMEs) for hiring workers from marginalized communities to address social inequality.
Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones
Union Budget: The Gem & Jewellery Export Promotion Council (GJEPC) has suggested the introduction of a Safe Harbour Rule for the sale of rough diamonds in Special Notified Zones (SNZs), as well as the implementation of a Diamond Imprest License and a reduction in import duty on cut & polished diamonds. These measures would allow India to become a trading hub like Dubai and Belgium, enabling Indian diamond manufacturers to access trading hubs without traveling abroad.
RBI's forward book slides into negative zone after three years
The RBI's net outstanding forward book - it represents proprietary dollar sales or purchases for a future date - turned negative in October. Mint Road is obligated to sell $14.6 billion dollars, latest data showed. The last time the forward book was in negative zone was in July 2020.
Rusan Pharma opens new API facility in Pithampur with Rs 300 crore investment
Mumbai-based drug manufacturer Rusan Pharma has inaugurated a new active pharmaceutical ingredient (API) facility in Pithampur, Madhya Pradesh, with a total investment of up to Rs 300 crores over two phases. The facility, set to be fully operational, will produce 400 metric tonnes of APIs annually, significantly contributing to Rusan Pharma's expansion plans and portfolio diversification.
Core inflation gauges are falling in US and Euro zone
Key measures of consumer-price growth are showing signs of slowing down on both sides of the Atlantic. In the US, the core inflation measure, which excludes food and energy, may have fallen below 4% in August for the first time in two years. Meanwhile, the eurozone's annual gauge of underlying price growth is expected to have slowed to 4.8% in September, a 12-month low.
AVAADA Group, Tata Steel Special Economic Zone to set up green hydrogen, ammonia unit in Odisha
In a statement, AVAADA Group announced "an initiative to establish a cutting-edge green hydrogen and ammonia manufacturing unit in Odisha. This significant move comes in the wake of a Memorandum of Understanding (MoU) inked with Tata Steel Special Economic Zone Limited (TSSEZL)".
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