HIGH NOTE
SC agrees to consider listing plea against scientific survey of "Bhojshala"
In its March 11 order, the high court order had directed the Archaeological Survey of India (ASI) to carry out a survey of the Bhojshala complex within six weeks. A bench of Justices Hrishikesh Roy and SVN Bhatti agreed to consider listing the matter after advocate Vishnu Shankar Jain, appearing for the Hindu petitioners, submitted that the ASI has already filed its report.
80% of SMID schemes outperform Nifty in June; PMS fund managers strike note of caution
Small & midcap funds outperformed Nifty50 in June 2024, with PMS managers advising caution due to stretched valuations. Top performers achieved 14-24% returns. Fund managers express confidence in stock selection. Small & midcaps have surged in the past year, outperforming largecaps. InCred Multicap portfolio delivered a 14% return.
ETtech In-depth: 100 days after India launch, X's community notes feature not quite there yet
X’s community notes was supposed to be an ally in the battle against digital misinformation. But 100 days after its India launch, the feature is yet to establish a solid footing in a diverse country fraught with unique challenges.
Supreme Court collegium recommends appointment of chief justices in 7 High Courts
The Supreme Court recommended the appointment of chief justices for several high courts, including Delhi, Himachal Pradesh, Jammu and Kashmir, Ladakh, Kerala, Madhya Pradesh, Madras, and Meghalaya, based on seniority and performance criteria, aiming to provide adequate representation. Justice Manmohan was recommended as the Chief Justice of the Delhi High Court, Justice Rajiv Shakdher for Himachal Pradesh, and Justice Nongmeikapam Kotiswar Singh as a Supreme Court judge.
Mundane Monday: Sensex, Nifty settle on flat note in muted trade
Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.
Jasprit Bumrah honoured with a heartfelt note from wife Sanjana Ganesan: 'You deserve...'
Jasprit Bumrah, named 'Player of the Tournament' for the 2024 T20 World Cup, received heartfelt praise from his wife, Sanjana Ganesan, on Instagram. Celebrating India’s win over South Africa, she lauded the team’s efforts and Bumrah’s resilience and hard work. She expressed pride in his achievements and cherished the emotional moment of their victory.
Experts take note of a clear shift in India's fitness & nutrition trends
The growing demand for nutritional guidance and fitness coaching is driven by increased awareness of lifestyle disorders and dietary habits. Social media has amplified this consciousness.
Govt starts taking call on Chinese investments, Indian cos Press (Note) 3
Dixon Technologies is preparing to file for Press Note 3 clearance for its proposed joint venture with HKC Corp for manufacturing liquid crystal modules, thin film transistor liquid crystal display modules and assembly of smartphones and televisions. Dixon will own majority shares. Following border tensions, the Indian government began looking askance at investments by Chinese companies in India.
Asian shares retreat as investors question US economic strength
Asian share markets weakened as U.S. economy's 'exceptionalism' unravels with weakening manufacturing activity. MSCI's Asia-Pacific index down 0.1%. U.S. Treasury yields fall after weak manufacturing data. Westpac economist Coombs sees market pricing 40 basis points rate cuts by 2024.
Mumbai: IAS officers' daughter jumps to death from high-rise building near Mantralaya
Lipi Rastogi, a 27-year-old law student and daughter of senior IAS officers, died after jumping from a high-rise in Mumbai. She was reportedly anxious about her exams. A note found in her room stated that no one should be blamed for her death. The police have registered an ADR and are investigating the case. This incident recalls a similar tragedy involving another IAS officer's family in 2017.
100X.VC invests $2.7 million in 17 startups
100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort. This brings their total portfolio to 161 companies. Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.
10 Best Redmi Mobile Phones in India (May 2024) for Budget-conscious Consumers
Embark on a journey of technological excellence with the best Redmi mobile phones, where innovation meets affordability. From stunning displays to powerful processors and exceptional camera systems, each device in Redmi's lineup promises an unparalleled mobile experience. Whether you seek seamless performance for multitasking or crystal-clear photography capabilities, these smartphones deliver it all. With a host of features designed to enhance productivity and entertainment, Redmi stands at the forefront of cutting-edge mobile technology, ensuring that every user finds their perfect match.
Yield curve inversion narrows, 10-year yields hit four-week high
Yields jumped on Tuesday after consumer confidence unexpectedly improved in May and the Treasury Department saw soft demand for auctions of two-year and five-year notes.
Nifty volatility surges ahead of election results: What investors need to know
Volatility remained at elevated levels this week. D-Street is building up ahead of the General Election results on June 4th. Maintaining a buoyant trajectory over the past few weeks, Nifty oscillated in a 621.85-point range.
Big funds bet the 'anything but bonds' trade is poised to end
Big US bond investors, including mutual fund managers, are aggressively moving funds into long-dated notes, expecting gains from interest rate cuts. Research by JPMorgan Chase shows the top 20 managers increasing duration by piling into high-grade corporate bonds to avoid negative carry. The allure of long-dated corporate bonds is growing as markets anticipate Federal Reserve rate cuts.
5 Cash Counting Machines for efficient cash management
Managing cash efficiently is crucial for businesses of all sizes. To streamline this process and ensure accuracy, cash counting machines have become essential tools. Explore 8 top cash counting machines that offer advanced features such as high-speed counting, counterfeit detection, and convenient batch sorting.
Asian junk bond sales are hottest in five years on India boom
Regional sales of such corporate notes, outside of Japan, touched $5.9 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data. Indian borrowers have topped the share of sales so far this year, with nearly 44% share.
D-Street starts FY25 on high note, mid- and small-caps rebound
NSE's Nifty rose 135 points, or 0.61%, to close at 22,462 after touching an all-time high of 22,529 earlier in the day. BSE's Sensex rose 363 points, or 0.49%, to end at 74,014 off the record high of 74,254 during the day. The record closing levels for the Sensex is 74,119 and for the Nifty is 22,493 hit on March 7.
Plea against Kejriwal 'passing orders' in custody: HC asks ED to submit its note to special judge
The Delhi High Court instructed the Enforcement Directorate (ED) to present its note to the special judge regarding CM Arvind Kejriwal's orders during custody in a money laundering case. It disposed of a petition urging to prevent Kejriwal from issuing orders while in ED custody, without commenting on the petitioner's standing.
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