EVER GIVEN
Spike in maritime shipping rates is no pandemic flashback
This round of supply-chain difficulties originates with the threat from Yemen’s Houthis, which is keeping container ships from using their normal route from Asia to Europe through the Suez Canal.
Here's a two-pronged approach to navigate an ever-rising stock market
Despite the Modi regime's progressive policies ensuring macro-stability, the 2019 super-rich surcharge raises doubts, especially in view of the poor election show of the BJP. Markets however defied election outcome pullback expectations, hitting new highs. In such a scenario, investors should monitor policy changes and consider phased investments.
Ronaldo vs. Mbappe: Clash of generations at Euro 2024 has just been given some extra spice
A photo is inevitably doing the rounds on social media of what is apparently their first ever meeting, at Real Madrid's training ground at Valdebebas in 2012 when a 13-year-old Mbappe stood beside Ronaldo after a visit to the Spanish club where his sporting hero was the star player.
Residential real estate at a 15-yr high; commercial may see best ever year: Anuj Puri
Clearly within the residential, we are seeing luxury doing exceptionally well, affordable unfortunately not doing as well and there is not that much supply that is coming in. But cities like MMR, Mumbai, Bangalore, NCR really leading the pack.
K Suresh from INDIA, Om Birla from NDA: Lok Sabha speaker elections to be held for the first time ever
Senior Congress MP K Suresh has filed as the INDIA bloc's candidate for Lok Sabha Speaker after consensus eluded leaders. This marks the first contested election for Speaker since Independence, typically chosen through consensus. BJP's Piyush Goyal expressed disappointment over the lack of agreement. Rajnath Singh and Kiren Rijiju are engaging opposition for support
Singapore port logjam lingers as container ships keep piling in
The logjam at Singapore's container port, accelerated by Red Sea attacks and Houthi rebels targeting vessels, is causing an early peak season for the shipping sector.
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China will struggle to undo US dominance
The US economy is thriving with strong growth and investment, while China's influence is waning. The euro zone is also facing challenges.
JSW Steel sees highest-ever sales volume in FY24, guides for further growth
The country’s largest steel-maker has guided for consolidated steel production of 28.40 million tonne, and saleable steel sales of 27 million tonne this year.
Shang-Chi 2: Actor Simu Liu reveals whether the second installment will ever release
Amid a lot of rumours and media reports about the status of Shang-Chi 2 following recent changes behind the scenes in the Marvel Cinematic Universe (MCU), actor Simu Liu offers insight into the sequel's progress.
CarTrade Tech shares jump 14% on highest ever revenue in Q4, PAT grows 43% YoY
For the full financial year the revenue stood at Rs 555.23 crore recording a 30% YoY jump while the net profit was at Rs 82.13 crore which was a 103% growth.
Tata Chemicals shares fall over 4% on first-ever quarterly loss in nine years; Kotak Equities screams sell
Tata Chemicals witnessed a 4.5% decline in shares, hitting a day's low of Rs 1,050 on BSE. This drop followed the company's announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a 'sell' rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
'Longing for some rest': Young chess prodigy reflects on exhausting victory
Dommaraju Gukesh is tired. After three weeks of gruelling chess that ended in him becoming the youngest ever Candidates champion, all he wants to do is rest. But ever since he returned home after winning the Candidates – the second most-important chess tournament after the World Championship – celebrations haven’t stopped. Dutifully, he has done everything asked of him with a smile and not said no to anyone. Gukesh took some time out of his busy schedule to speak with BORIA MAJUMDAR. Excerpts
What has DMK given apart from family rule, corruption, asks Rajnath Singh
Rajnath Singh questions DMK's governance in Tamil Nadu, emphasizing corruption issues. He praises PM Modi and Jayalalithaa for welfare work but doubts the DMK's commitment to development and national security. The INDI alliance was not durable as the constituents started fighting among themselves before the elections since their sole objective was to capture power, Rajnath Singh said.
HAL bags biggest-ever indigenous military hardware order; to supply 97 LCA Mark 1As @Rs 65,000 cr
The indigenous fighter aircraft programme, fully backed by Defence Ministry and Air Headquarters is set to be a big boost for promoting indigenisation as well as give major business to the small and medium enterprises engaged in defence business across the country, officials said.
Godrej Properties shares surge 7% on highest-ever quarterly sales
Godrej Properties' shares surged 7% with highest-ever quarterly sales of 5,000 homes. FY24 bookings exceeded expectations, reaching over Rs 22,500 crore. MD & CEO Gaurav Pandey optimistic about company's growth and market expansion.
Voltas shares jump 13% after company reports highest-ever AC sales
Voltas shares surged 13% to reach a 52-week high of Rs 1,392 on NSE after reporting record sales of 20 lakh AC units in FY 2023-24. The stock also showed impressive returns of over 60% in the past 12 months, outperforming Nifty.
Opposition's concern is 'Hindi, Hindutva, Hindustan' agenda, won't ever support it: Shashi Tharoor
BJP leader Jyoti Mirdha clarifies 'samvidhanik badlav' remark. Congress' Shashi Tharoor criticizes BJP's Hindu Rashtra agenda. Mirdha's statement on Constitution change exposes BJP's strategy. Tharoor shares undated video in response, highlighting concerns over constitutional amendments.
Stuck ships and supply chain inflation
Global supply chains don't have as much slack as they did, say, last summer, after pandemic disruptions were mostly a thing of the past, because Baltimore isn't the only problem.
How a volcanic eruption in Iceland shaped DHL Express’ pandemic response
John Pearson, CEO of DHL Express, says when you are a global company, there will be a crisis somewhere, every day. From the pandemic to the situation in the Red Sea, he says the lessons learned from the 2010 volcanic eruption in Iceland have been an invaluable lesson in dealing with unforeseen events.
Offshore wind’s next big problem: not enough ships
The looming shortage of ships capable of handling such turbines comes on the back of a tumultuous 2023 for the offshore wind industry.
PM Modi to present first ever National Creators Award
The Prime Minister's Office (PMO) in a statement said that the award is an effort to recognise excellence and impact across domains, including storytelling, social change advocacy, environmental sustainability, education and gaming.
Top bureaucrat Anurag Jain given additional charge of MoHUA
Anurag Jain, the secretary of the Ministry of Road Transportation and Highway, has been given additional charge of the Ministry of Housing & Urban Affairs. The Ministry aims to achieve a record-breaking road construction target of 13,000 kilometres with a run rate of 35 kilometres by this fiscal end.
French Senate Chairman pushes strategic partnership on his first ever India visit
Gérard Larcher, Chairman of the French Senate, is on an official visit to India to strengthen bilateral ties. He will meet with Jagdeep Dhankhar, President Macron, Prime Minister Modi, and External Affairs Minister Jaishankar, and visit French companies in India.
6 timeless lessons on investing & life from Morgan Housel's new book Same as Ever
After delivering an international bestseller ‘The Psychology of Money’, Morgan Housel has come up with a practical book on how understanding human behaviour can help us look at many of life's puzzles from a different spectrum.
Crew that unstuck the Ever Given says it’s owed more money
The blockage caused a backlog of more than 400 ships, with many re-routing round the Cape of Good Hope, adding at least a week to their voyages.
Another tanker briefly blocks Egypt's Suez canal
Last year, super tanker Ever Given became wedged diagonally across the canal during a sandstorm, disrupting world trade for nearly a week.
Giant container ships dominate global trade lanes, but skip Indian ports
Mega ships are going to play a more substantial trade in the global economy. It is time India steps up its investment and infrastructure development to accommodate these vessels if it wants to become an export powerhouse.
Egypt's Suez Canal revenue hits $7 bln record peak
The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.
Evergreen hires firm that saved the day at Suez to free its stuck ship in the US
The Hong Kong-flagged ship got stranded after departing the Port of Baltimore’s Seagirt Marine Terminal on Sunday night and hasn’t moved since.
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