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India needs to take advantage of global pushback, inefficiencies due to Beijing’s over-investment
The 'China+1' strategy has gained momentum over the last few years as the US-China strategic conflict has heightened. Countries, including India, have been competing to be the '+1' by easing policies and providing incentives to attract foreign firms. These firms are looking to reduce their dependence on China for manufacturing. Despite these efforts, China's global share of manufacturing has not decreased. It has actually increased from 35% in 2020 to an estimated 38% now.
Low duration funds: 5 things to know
Low duration funds invest in money market instruments and debt securities. All you need to know about low duration funds
Nifty gains continue amid narrowing trading range and low volatility
The markets continued with their unabated upmove in the week that went by and ended once again with net gains. While continuing with the advance the Nifty 50 Index extended its move higher. However, as compared to the previous week, this time, the trading range got narrower as the Index oscillated 408.30 points against 824 points.
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NFO Tracker: These 8 new mutual funds are open for subscription now
Around eight new mutual fund NFOs are open for subscription this week, according to the data from ACE MF.
From Bumrah's economy rate to record-low run-rate, a look at numbers that define T20 WC 2024
The ICC T20 World Cup 2024 was a memorable event, with record-breaking figures in six-hitting, run-rate, and bowling economy rate. The tournament saw the lowest overall run rate at 7.09, the first time 500+ sixes were smashed in the competition. India secured eight wins in a row, making them the first team to win the T20 WC without a loss. Only the second ICC T20 WC without a single century was scored, with Nicholas Pooran's 98 against Afghanistan.
Why it feels like everyone in the world is heading to Japan right now
Tourism in Japan is booming like never before, with a historic collapse of the yen making travel cheaper. Over 14.5 million visitors arrived in the first five months of 2024, a 70% increase from last year. The weak yen has made everything from dining to hotel stays more affordable.
World Bank lends $1.5 billion push to power green hydrogen market
India's energy transition supported by the World Bank includes green hydrogen promotion, renewable energy scaling, and grid code amendments for enhanced integration of battery energy storage solutions.
Why will NASA pay SpaceX $843 million to plunge ISS into Pacific Ocean? Will it not burn up while making re-entry to Earth?
National Aeronautics and Space Agency has asked Elon Musk-owned company SpaceX to develop the ‘US Deorbit Vehicle’ that will lead the US sections of the ISS to its death when its time is over. But why? It could leave it to burn up while making re-entry to the Earth.
US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border
The US automobile industry has been threatened by the prospects of low-cost Chinese Electric Vehicles (EVs) reaching the country through the Mexican border. The US-Mexico-Canada trade agreement provides for free movement of goods and services between the three countries. The average price of an EV manufactured in the US has been priced at $55,000 and the Chinese EVs are priced at half this rate.
Amazon plans discount store in US to fight China's Temu and Shein: report
Amazon is launching a new storefront on its website in the US for low-cost items in fashion, lifestyle and home goods. This is the etailer's latest move is being viewed a move to one-up Chinese companies Temu and Shein, which have gained major traction in the US due to their modest prices.
Salesforce challenger Creatio raises $200 million, becomes 'unicorn'
The funding, led by Sapphire Ventures, came after Creatio's revenue increased at 50% annually for a few years.
PMAY-U 2.0 to build 1 crore houses in urban areas will be launched soon, says ministry officials
The Union Cabinet of Modi 3.0 government, in its first meeting held on June 10 under the chairmanship of Prime Minister Narendra Modi, approved government assistance for the construction of three crore houses under the PMAY.
HDFC Mutual Fund launches HDFC NIFTY100 Low Volatility 30 Index Fund
Invest in the HDFC NIFTY100 Low Volatility 30 Index Fund to benefit from continuous sale and repurchase options. With a TER of up to 1.00%, this passively managed fund aims to track the NIFTY100 Low Volatility 30 Total Returns Index, providing investors a low-cost opportunity for wealth creation.
Asian shares subdued, yen hits record low versus euro
Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.
Tips to save money when you have a low income
When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings.
Use of AI in farming to be presented in Parliamentary session: Sharad Pawar
The former Union agriculture minister also said sugarcane production can be increased at low cost through AI technology. "We will raise questions about farmers and farming in the upcoming session of Parliament. Even the topic of the use of AI in farming will be brought up," Pawar said.
10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
Counter-questions for the asking
India's growing population, coupled with higher disposable incomes and consumption, has already begun to devastate our carefully constructed cocoons without our realising it. Competitive manufacturing (leveraging economies of scale, procurement, branding and digitalisation) may be enticing more people to consume more (double effect), accelerating planet-stripping.
Rupee ends higher, mild inflows aid recovery from record low
The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after it hit an all-time low in the previous session.
China's yuan slips to fresh 7-month lows as outflows mount
China's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
As Indians acquire healthier tastes, food companies pack it in
Indians are increasingly shifting towards consumption of low-salt, low-sugar, and nutrition-fortified packaged food, reflecting a growing trend towards healthy eating habits. Sales of such products have risen in the last five years, with urban India leading the shift, although rural areas are also seeing an increase. This shift is driven by concerns over high levels of sugar, salt, and fat in processed goods, amidst rising health issues like diabetes and obesity.
India cenbank likely intervened in NDF to stop rupee from hitting record low, traders say
India's central bank likely intervened in the non-deliverable forward market before the local spot market opened on Wednesday to prevent the rupee from dropping to an all-time low.
9-1-1: Lone Star: Is the show ending with Season 5? All about challenges, contract details & cast
Something new is being cooked up in the world of "9-1-1: Lone Star." It could be a new season coming up or something else. 60 episodes of 9-1-1: Lone Star have been broadcast as of May 16, 2023, marking the end of the show's fourth season.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
China risks trade war on two fronts as low-tech exports soar, too
Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
India airline industry to report wider loss in FY25, consultancy says
India's airline industry is projected to face widening losses of $400-600 million in fiscal 2025 due to escalating costs despite increased passenger demand. CAPA India forecasts a rise in yields by 1% this year, with overall costs to increase by 3.8%. The market is dominated by low-cost carrier IndiGo, while the Air India group and newer carriers like Akasa Air and SpiceJet also play significant roles. Domestic passenger traffic is expected to grow to 161-164 million, with international traffic reaching 75-78 million, reflecting India's status as the world's fastest-growing aviation market.
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