TWO WEEKS
![Top startup and tech stories this week](https://img.etimg.com/thumb/msid-111526889,width-100,height-75,resizemode-4/tech/newsletters/ettech-unwrapped/top-startup-and-tech-stories-this-week.jpg)
Top startup and tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.
![Weekly Top mid and smallcap picks: These mid and smallcap stocks scored 10 on 10 on Stock Reports Plus](https://img.etimg.com/thumb/msid-111501401,width-100,height-75,resizemode-4/markets/stocks/news/weekly-top-mid-and-smallcap-picks-these-mid-and-smallcap-stocks-scored-10-on-10-on-stock-reports-plus.jpg)
Weekly Top mid and smallcap picks: These mid and smallcap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
![Biden needs to buck up; donors set a two-week deadline to increase the approval ratings](https://img.etimg.com/thumb/msid-111440391,width-100,height-75,resizemode-4/news/international/us/biden-needs-to-buck-up-donors-set-a-two-week-deadline-to-increase-the-approval-ratings.jpg)
Biden needs to buck up; donors set a two-week deadline to increase the approval ratings
After a debacle at the first US Presidential debate, the donors to the Democratic party have set a two-week deadline for Biden to improve this performance. The Democrats assured their supporters that Biden is confident securing a victory in the coming months.
![This festive season, mission is possible: Companies to stockpile weapons of mass consumption](https://img.etimg.com/thumb/msid-111413269,width-100,height-75,resizemode-4/news/company/corporate-trends/this-festive-season-mission-is-possible-companies-to-stockpile-weapons-of-mass-consumption.jpg)
This festive season, mission is possible: Companies to stockpile weapons of mass consumption
Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records.
![Increasing annual leave to five weeks would cost employers less than you might think](https://img.etimg.com/thumb/msid-111424647,width-100,height-75,resizemode-4/jobs/hr-policies-trends/increasing-annual-leave-to-five-weeks-would-cost-employers-less-than-you-might-think.jpg)
Increasing annual leave to five weeks would cost employers less than you might think
The idea of expanding annual leave to five weeks appears to be gaining traction, spurred by recent advocacy from groups like the Shop Distributive and Allied Employees Association. While certain industries already offer extended leave, such as for continuous shift workers, most employees typically receive four weeks. Australia's annual leave entitlement has remained unchanged since 1974, prompting calls for review amid international comparisons where some countries offer more statutory days.
![Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus](https://img.etimg.com/thumb/msid-111421769,width-100,height-75,resizemode-4/markets/stocks/news/weekly-top-picks-these-stocks-scored-10-on-10-on-stock-reports-plus.jpg)
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
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Delhi 5-star hotel shed collapse leaves two injured
A temporary shed collapsed at the Hyatt Regency Hotel compound, causing minor injuries to two individuals. In a separate occurrence, a Delhi Transport Corporation (DTC) bus overturned on Ring Road, injuring one person. Authorities have launched investigations into both incidents to ascertain the causes and ensure necessary preventive measures are in place.
Euro rises to two-week high after France's far-right wins first-round vote
Amid market volatility, potential alliances to block the far-right have emerged in France's election. The RN party eyes a possible absolute majority, adding to ongoing uncertainty and investor concerns.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Gold prices hover near two-week low on firm dollar, yields
Gold prices reflect global economic uncertainties amidst discussions on interest rates by central banks, impacting market sentiments. The interplay between various economic indicators and policy decisions continues to shape the trajectory of gold as an investment choice.
'Inside Out 2' becomes top film of 2024 with $725 million box office collection
Pixar and Disney are celebrating the grand success of “Inside Out 2”. The movie was released on June 14 and was directed by Kelsey Mann.
Sri Lanka Police officers in India for specially-designed two-week training course
"At the request of the Sri Lanka Police, the High Commission of India has been facilitating tailor-made capacity building training courses for the personnel of the Sri Lankan Police at the premier police training institutions viz. Central Detective Training Institute (CDTI), Jaipur; CDTI, Hyderabad; CDTI, Kolkata and National Security Guard (NSG), Manesar, in India," the mission said in a press release.
Elgar Parishad-Maoist links case: SC grants two-week interim bail to activist Mahesh Raut
The Supreme Court has granted interim bail for activist Mahesh Raut, accused in the Elgar Parishad-Maoist links case, for attending rituals following his grandmother's death. The bail will begin on June 26 and end on July 10, 2024. The terms and conditions of the release will be determined by a special court, and the National Investigation Agency (NIA) can request stringent conditions.
Gold rises 1% to two-week peak as Fed rate cut bets lift demand
Gold prices rose more than 1% on Thursday to their highest level in two weeks, as recent U.S. economic data showing signs of a slowdown in the world's largest economy boosted bets for interest rate cuts from the Federal Reserve this year.
Emmerdale: Two major actors to quit the show in few weeks
A shocking news for Emmerdale fans as two well-known stars will be leaving the show soon. Emmerdale airs at 7:30 PM on ITV1 on weeknights.
Karnataka obscene video case: Prajwal Revanna sentenced to two weeks judicial custody
Former MP Prajwal Revanna was remanded to two weeks in judicial custody by a Bengaluru court. He lost the Lok Sabha polls as the NDA's candidate from Hassan. Revanna is facing charges of sexual abuse of women after explicit videos allegedly involving him surfaced before the polls.
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
Nifty 50 could scale new peak this week, believes Rajesh Palviya
There was uncertainty when the counting was happening. So, most of the bags moved to the defensive sector and in the defensive sector FMCG, pharma, these two pockets were majorly focused by the market participants.
LS polls: Rahul Gandhi has to resign within two weeks from one of two seats he won, says expert
Congress leader Rahul Gandhi must resign from one of the two seats he won in the recent Lok Sabha elections within two weeks, as per constitutional provisions.
ECI issues verification SOP for EVM memory
The Election Commission of India has issued a protocol allowing the first two losers to seek verification of burnt memory in EVM microcontroller after June 4. Candidates can seek verification for alleged tampering as per SOP issued following Supreme Court directions on April 26.
Heartbreaking loss of civilian lives: India on Israeli airstrike in Rafah
India expressed deep concern over civilian casualties in an Israeli strike in Gaza's Rafah city, calling for respect for international humanitarian law. The strike, which killed 45 people, mostly sheltering in tents, sparked global outrage. India reiterated its support for a two-state solution to the Israel-Palestine conflict and noted Israel's acceptance of responsibility for the incident, pledging an investigation. India recognized Palestine in the 1980s and continues to advocate for de-escalation and peace negotiations.
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.
Gold prices hover near two-week low as rate cut bets ease
Gold edged up near a two-week low as investors reduced expectations of a U.S. interest rate cut post the Federal Reserve's meeting, indicating a likely delay in monetary policy easing.
Purnima Shrestha of Nepal breaks the record by climbing Mount Everest three times in two weeks
Nepali photojournalist Purnima Shrestha achieves record-breaking feat by summiting Mount Everest thrice in one climbing season, making history. She previously climbed Everest four times, with her latest ascent on May 12. Her achievement recognized by Nima Doma Sherpa as a first in mountaineering history.
Latest movies set to be available for streaming this week, a complete guide
March, April and May have been good months for the movie buffs who visit the theatres as some epic movies have been released recently most of which are a must-watch. However, these movies, released over the past few months are now being available for streaming this week.
Two mutual fund NFOs to open for subscription this week
Around two new fund offers will open for subscription this week, according to data by ACE MF.
Ola CFO Kartik Gupta steps down two weeks after CEO exit
Kartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.
Two-wheeler makers ride high on record sales of branded spare parts
Royal Enfield, Bajaj Auto, and Hero MotoCorp saw record revenue in FY24 from branded parts and accessories sales, driven by a preference for branded spares. Revenue growth was boosted by premium models like Xpulse and Splendor motorcycles. Hero MotoCorp plans to expand its Global Parts Centre to capitalize on the growing market.
450 single screen cinema theatres in Telangana to shut down for two weeks
Telangana's single screen cinema theatre owners have stopped screenings due to low revenue, with no major films releasing until June 15. President Vijayender Reddy highlighted the financial challenges faced by theatre owners and the possibility of resuming screenings with upfront payments from producers.
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