FINANCIAL STRUGGLES
Who is Glory Bawa? Akshay Kumar extends Rs 25 lakh support to this Punjabi singer
Akshay Kumar assists Punjabi singer Glory Bawa with a generous donation of Rs 25 lakh, offering financial relief amidst her family's struggles. Akshay Kumar is currently working on his upcoming film 'Sarfira'. In a recent behind-the-scenes video from the set, Akshay was seen helping an elderly lady board her first-ever flight.
US cyber crimes: Overseas scammers are swiping billions from Americans every year, and getting away with it
Scammers are stealing billions from Americans yearly, exploiting technology and targeting older adults. Sophisticated fraud schemes overwhelm law enforcement and rarely lead to prosecution. With elder fraud complaints rising, experts call for coordinated efforts from private industries and the government to combat this escalating crime wave effectively.
Flood of IPOs brings sackful of bonuses to I-Bankers’ accounts
Indian investment bankers receive generous bonuses despite a soft M&A market. Top performers at local I-banks like Kotak and Axis Capital see bonuses increase by 150-200%. Average bonuses rise by 10-25% as companies focus on talent retention. IPO activity drives record equity indices and compensation levels for MDs range from ₹3-9 crore.
Bajaj Finance can become best pick in financial space amongst largecaps in one or two quarters: Digant Haria
Whatever growth will pick up will probably happen on the infra corporate side. HDFC is not known to be very strong on those sides. So, I do not see that growth and the margin problems will get solved in the immediate quarter and the stock has had a good run up along with the market. So, I think people should celebrate and you have to wait for a few more quarters before the results actually fire up.
Maharashtra's poll pitch sweetened with Rs 1,898 cr loan for struggling sugar mills tied to NCP and BJP leaders
Maharashtra assembly elections: The National Cooperative Development Corporation (NCDC) has approved a working capital loan of Rs 1,898 crore to the Maharashtra government to support 13 struggling sugar mills. Five of these mills are linked to Ajit Pawar's NCP politicians, and five are associated with BJP leaders. The loan is provided ahead of the Maharashtra assembly elections.
3 reasons why bank and financial services stocks may bounce back
Nifty Financial Services has typically outperformed broader market indices, but has struggled in recent years, underperforming in four of the last five calendar years, including year-to-date 2024.
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When Shah Rukh Khan's favourite black gypsy was taken away as he could not pay EMI's
Juhi Chawla reminisces about Shah Rukh Khan's early struggles in Bollywood during an event, recalling how he faced financial difficulties, including the repossession of his black Gypsy due to unpaid EMIs. Despite these challenges, Juhi praised Shah Rukh's determination and foresaw his future success. Their enduring friendship, spanning decades and collaborations in films and business ventures like Kolkata Knight Riders, highlights their shared journey.
Ratan Tata prevents mass firing of 115 TISS staff, provides financial grants
Ratan Tata has emerged as a savior for TISS employees. Recently, the prestigious Tata Institute of Social Sciences laid off 115 staff members. However, this decision was quickly reversed after Tata, chairman of the Tata Education Trust, offered to extend financial grants.
Reports: Michael Jackson was deeply indebted when he died. Know about amount and reasons for his financial woes
Michael Jackson's death in 2009 revealed his deep financial troubles, including over $500 million in debt. His extravagant lifestyle and legal battles worsened his situation.
Britain's Rishi Sunak struggles with missteps while trying to lift Conservatives ahead of elections
British Prime Minister Rishi Sunak has faced scrutiny over his political instincts during the general election campaign, which started five weeks ago. His actions have not always reflected the seasoned touch of past leaders like Tony Blair or Boris Johnson, evidenced by some notable campaign missteps.
US stocks struggle for direction as investors evaluate tech trade
Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
Linda Yaccarino shakes up X amid Elon Musk's pressure on costs: report
Linda Yaccarino, CEO of social media platform X, makes changes to her team under pressure from owner Elon Musk to improve sales and reduce costs.
Wall Street’s smart-trade brigade thrashed again on stock boom
Despite financial institutions promoting complex investment strategies to clients worried about economic instability and Federal Reserve decisions, the most profitable approach remains the straightforward strategy of buying and holding onto the S&P 500 index.
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.
Global rate-cut juggernaut is struggling to start
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
Empowering women with financial planning: Term insurance as a safety net
Women often overlook self-care while balancing caregiving and financial roles. Recognizing the importance of insurance coverage for financial stability is crucial for long-term resilience.
Japan's Nikkei edges up as financials, export shares rise
Japan's Nikkei share average edged up on Monday as export-related stocks rose on a weaker yen following stronger-than-expected U.S. jobs data and a rise in domestic yields boosted financial stocks.
MNCs now offer best salary package to seasoned professionals to scale up their GCCs in India
Industry leaders report that multinational corporations are offering substantial compensation packages to recruit experienced professionals for their global capability centers (GCCs) in India. Over the past two years, there has been a noticeable increase in GCCs offering annual salaries ranging from Rs 3-6 crore to specialized leadership talent.
Aircel founder C Sivasankaran praises Modi govt, says today's India is not like what it was a decade ago, criticises UPA for pressuring businesses
Aircel founder Chinnakannan Sivasankaran has praised India's current business environment, noting, "Today no one can pressurize you." He contrasted this with the coercive pressures of a decade ago under the UPA regime, when Aircel faced severe financial struggles, intense competition, and regulatory challenges, ultimately leading to its market exit and liquidation in 2018.
Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey
On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.
Cattle smuggling crackdown, slot booking policy, economic woes: Bongaon's struggle amidst transition
Bongaon, a border town in West Bengal, has experienced a crackdown on cattle smuggling and changes in goods truck movement regulations, leading to alternative smuggling activities, youth migration to other states, and rising unemployment. The region has been known for its clandestine cattle trade, which was worth hundreds of crores of rupees and accounted for the region's parallel economy. However, stringent measures by the Bangladesh Security Force (BSF) have led to a complete shutdown of cattle smuggling in the area over the last few years.
China expected to announce new measures to fix property crisis, spur growth
China's housing prices dropped in the first four months of the year, while factory output increased by almost 7%. This has lead to officials planning new measures to boost the struggling property industry. The National Bureau of Statistics noted insufficient domestic demand. The State Council announced a news conference to address the property market challenges, including defaults by developers.
How to overcome financial loss
When someone loses money, there is always the judgement that one could have avoided it. The society dissects the failure with the benefit of hindsight and points out what should have been done instead. Failed businessmen bear that burden and are constantly reminded of the mistakes they made while managing their now-failed enterprises.
Reliance Jio and Airtel's net worth surges ahead of 5G auction; Vodafone Idea struggles
Reliance Jio and Bharti Airtel's net worth has seen significant improvements since the last spectrum auction in August 2022, while Vodafone Idea's negative net worth has widened. The upcoming auction on June 6 will see the three telecom players competing for Rs 96,317.65 crore worth of 5G airwaves. Reliance Jio's net worth as of March 31, 2023, was Rs 2,15,992 crore, Airtel's net worth rose to Rs 86,260 crore by December 31, 2023, and Vodafone Idea's net worth registered a negative of Rs 1,16,886 crore.
Markets wary of intervention as yen struggles at 155 level
Having traded in a tight range over the past few days, a buoyant dollar finally broke above the 155 yen level for the first time since 1990 in the previous session, and was last steady at 155.34 yen in early Asia trade.
Hindi-medium IITian shares his struggles at India's premier institute and what saved his life
Deepak Baghel, an IIT Bombay alumnus turned motivational speaker, bravely shares his struggles with suicidal thoughts and three major challenges during his college days on LinkedIn. Facing financial hardship, academic setbacks, and institutional rigidity, Baghel's candid narrative sheds light on the silent battles many students endure. His poignant post garners over 800 likes, sparking vital conversations about mental health and resilience.
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