WRONG POLICIES
How Cyberabad Police are using memes, videos to promote road safety
Cyberabad Police and Mumbai Traffic Police effectively use humor and strict enforcement to address wrong-way driving, emphasizing consequences and traffic law compliance for road safety.
What should be your investment strategy after elections?
Market volatility post Indian election triggered short-term turbulence, yet history shows eventual alignment with economic fundamentals. Resilient corporate earnings, infrastructure development and vigilant sector monitoring are emphasized for long-term strategic investments amidst fluctuating market conditions.
Why these Chinese working mothers don't want more babies
A woman leading a financial team earning more than her husband, another pursuing a dream to become a civil servant, and a budding influencer aiming to be the family breadwinner are all young mothers in China who have one thing in common: they are raising one child and don't want another, regardless of their husbands' opinions or the government's incentives aimed at addressing an aging population.
Excise Policy case: CBI to produce Arvind Kejriwal before trial court today
Central Bureau of Investigation examined Delhi CM Arvind Kejriwal in Tihar Jail and recorded his statement related to the Excise Policy case. CBI also got permission for Arvind Kejriwal's production before the concerned trial court. He will be produced before the court today.
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them
While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.
India poised for strong growth; but no room for complacency: Shaktikanta Das
There can be positive surprises, I do not rule it out. But I think, you see we give a number when we are totally convinced about it and our approach is not to sort of gamble by giving a higher number. Our overall approach as a central bank is always very conservative in the sense that when we are absolutely sure about a particular number, we give it.
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French left vows 'total break' with Macron policies
Left-wing outfits including hard-left France Unbowed (LFI), the Socialist, Communist and Green parties on Thursday agreed an election alliance called the New Popular Front.
Engineers sue SpaceX and Elon Musk, alleging wrongful termination and sexual harassment
Eight engineers have filed a lawsuit against SpaceX and Elon Musk, alleging wrongful termination and sexual harassment. The engineers claim they were fired for raising concerns about Musk's behavior and a sexist culture at SpaceX. SpaceX has denied wrongdoing, stating the engineers were fired for violating company policies. The lawsuit highlights ongoing challenges in addressing workplace harassment and discrimination.
See policy continuity even with coalition government: Gokul Laroia, CEO, Morgan Stanley Asia
Morgan Stanley's Asia CEO Gokul Laroia discussed Indian elections, markets, and risks with Nishanth Vasudevan before an investor conference.
After Lok Sabha exit polls overestimated NDA victory, public apologies and calls for probe follow
Highly inaccurate exit polls predicting a sweeping election victory for Prime Minister Narendra Modi's party have led to dramatic public apologies from polling companies this week and calls for an investigation into possible manipulation. Nearly all the exit polls released on June 1 predicted that Modi's Bharatiya Janata Party (BJP) and its allies would secure over 350 seats in the lower house of parliament. However, the final results, announced three days later, showed the coalition winning only 293 seats.
Is Joe Biden unwell? Can he continue in office?
Many individuals who have interacted with President Joe Biden have warned of his declining cognitive abilities. He will contest the 2024 Presidential Elections in November for a second term in office.
Modi’s election setback only a blip for some global stock funds
“The first thing I did was message my portfolio managers who invest in India to say if Nifty banks are down because of a lower-than-expected mandate for Modi, it’s a buying opportunity,” Sai said in an interview on Tuesday.
Former Meta engineer sues company saying he was fired over handling of Gaza content
A former Meta engineer sued the company for bias in handling Gaza-related content, alleging wrongful termination. Meta faced criticism for suppressing Palestinian support amid the Gaza conflict.
India 10-year bond yield sees biggest spike in 8 months on poll results uncertainty
Indian government bond yields surged as early voting trends showed Prime Minister Narendra Modi's NDA leading, causing the benchmark 10-year yield to jump to 7.0130%.
First among equals: 5 PSU stocks which have benefited the most due to government policy push, spending & may continue their journey
Right from perennial under-performers like oil marketing and refining companies to PSU banks. Literally every stock which has the tag of “PSU” stock has seen a re-rating in the last two years. Now that the exit polls are predicting what the street has been looking for, that is continuity in the policy making framework, there is a high probability that there will be another round of re-rating of PSU stocks. So, continued policy and continued re-rating. Like the earlier re-rating, this time also, some sectors and stocks in the PSU space will outperform others. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus area of the government. The overall demand runway for some of the sectors is longer. This essentially means that while every PSU is likely to see a push, there are a select few which are likely to see more tailwinds of business growth and valuation expansion.
China's Nepal envoy Chen Song faces local ire after public spat with intellectuals
China's ambassador to Nepal, Chen Song, is the new "wolf warrior diplomat" in South Asia, having kicked up a controversy targeting a local journalist who criticised China's loan policy for Nepal. Wolf warrior diplomacy refers to hyper public diplomacy by Chinese diplomats targeting host governments, visible since the Covid-19 pandemic.
Why has Quant Large Cap fund been an outperformer? Shweta Rajani answers
I will highlight two-three points over here. One is definitely a size advantage that a Quant would have, so I am talking about a thousand crore fund versus a 35,000 crore fund, so that helps in the agility of the fund manager to actively manage.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
What kind of election results would shake up the markets? Seshadri Sen answers
Seshadri Sen discusses the impact of BJP's majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls considerably short of the absolute majority. All other outcomes are largely the same.
Raghuram Rajan on politics: ''My business is not kissing babies''
Former RBI governor Raghuram Rajan dispels political rumors, supports Rahul Gandhi's leadership, and advocates for faster Indian economic growth by 2047. He critiques India's current growth rate and job creation efforts, emphasizing the need for faster development.
Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?
Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master directions on customer service in banks. One of the reason was levying charges on savings bank account having insufficient or zero balance. Has your bank done the same too?
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
PM Modi has accepted excise policy case is wrong, all arrested should be released: Arvind Kejriwal
Delhi CM Arvind Kejriwal claims PM Modi admitted excise policy case is wrong. He demands release of all arrested. BJP alleged Rs 100 crore liquor scam, but no money recovered.
Navigating market volatility during elections: Insights & strategies for investors
Elections bring uncertainty with potential policy shifts like tax reforms, subsidies policies, and changes to capital gains tax. Market volatility can unsettle investors as they reevaluate positions based on political rhetoric and campaign promises.
EC egregiously wrong in directing Congress not to 'politicise' Agnipath scheme: Chidambaram
Senior Congress leader P Chidambaram criticises Election Commission's directive on politicising the Agnipath scheme, asserting Opposition's right to criticise government policies.
What's gone horribly wrong with the US college admission system
Applicants have more anxiety than ever. Elite schools have more power than ever. Something had to give.
Explainer: What risks do advanced AI models pose in the wrong hands?
Biden administration takes steps to safeguard U.S. AI from China and Russia by regulating advanced models. Concerns arise over deepfakes, misinformation, biological and cyber weapons, with potential threats from hacking groups and foreign governments.
The Fed is wrong about how low interest rates will go: Bill Dudley
Taken together, higher average inflation and a neutral rate of 1% to 1.5% would imply a long-term federal funds rate of 3.5% to 4.0%. So while the Fed’s projections for 2024 look likely to be more accurate than the market’s at the start of the year, this time around it’s the central bank, not the market, that will probably have to adjust.
Transferred money to wrong UPI linked mobile number? Here's how you can get it back
Transfer of money to wrong UPI number: There might be a situation when a particular mobile number which was linked with unified payment interface (UPI) got deactivated and got allocated to another individual who in turn has linked the said mobile number with his bank account. This can result in unintentional transfer of money to another individual.
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