Eid ul Adha 2024 Wishes: Bakrid, also known as the Festival of Sacrifice, will be celebrated on June 17, 2024. This significant Islamic holiday commemorates Prophet Ibrahim's devotion to Allah and marks the end of the Hajj pilgrimage. The day involves prayers, feasting, and acts of charity. Families share meat from the sacrificial animal with relatives and the less fortunate, reinforcing community bonds and gratitude. Muslims worldwide, including in India, Bangladesh, Pakistan, and other countries, will observe this auspicious occasion.
Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16. The company added that "no binding decision" has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore.
China's industrial output fell below expectations, leading to calls for fiscal and monetary policy support. Retail sales exceeded forecasts, driven by global demand.
It is difficult to put incremental money in these pockets and so ABB is 50 times EV by EBITDA, 80-90 times earnings and probably the next four-five-year order book is probably in the price.
The company had outstanding orders of ₹828 crore as of December 2023, up 47% from FY23, driven by a strategic shift towards the oil and gas sector and pricing advantages over rivals. This resulted in a bid-to-win ratio of 46-81% over the last four years.
A business-class passenger of Air India, owned by Tata Group, complained of 'uncooked' food, dirty seats, and broken luggage. Vineeth K described the flight as a 'nightmare' on the microblogging platform 'X' on Saturday.
A large chunk of this month's $11.2 billion share sale was allocated to foreign investors, leading one person involved in the process to describe it as the deal the IPO was supposed to be. Its success could create a template for future Aramco sell-downs, which now seem likely as the Crown Prince - who's known as MBS - seeks cash to help fund his multitrillion-dollar Vision 2030 economic transformation project.
Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs and follow-ons in India.
The balmy days of dovish monetary policy that fuelled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.
AdGroup chairman Gautam Adani has met with Bhutan Prime Minister Tshering Tobgay in a significant development for bilateral cooperation. Adani and Prime Minister Tobgay signed a Memorandum of Understanding with Bhutan's Druk Green Power Corporation for the establishment of a 570 MW hydroelectric plant in Chukha province.
Under the proposal, Rajasthan Solar Park Development Company is set to receive 4,780 hectares for the construction of three solar parks totaling 2,450 MW in Bikaner district. Additionally, NTPC Renewable Energy Ltd will be allotted about 910 hectares to establish a 500 MW solar project in Phalodi district. The solar parks in Bikaner district will consist of two 1,000 MW parks and one 450 MW park.
For example, an investor with a SIP of ₹10,000 in the BSE Sensex TRI (Total Returns Index) after 25 years would reach ₹2.71 crore. However, an annual top-up of ₹1,000 on the monthly SIP of ₹10,000 would grow to ₹4.26 crore, while an annual top-up of 10% on the same SIP of ₹10,000 would grow to a substantial ₹5.52 crore,
The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.
The aging fleet of New Zealand Defence Force's two 757 aircraft, both over 30 years old, has become increasingly unreliable, leading to concerns about their operational effectiveness. Defence Minister Judith Collins acknowledged the embarrassing nature of the situation and expressed the ministry's consideration of utilizing commercial flights for Luxon's future travel requirements.
Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.
A shooting at Old Settlers Park in Round Rock during a Juneteenth celebration left two dead and six injured. The victims were not involved in the altercation that led to the shooting, which occurred during a concert.
Nikhil Gupta, a 52-year-old Indian national, has been extradited from the Czech Republic to the US on charges of plotting to assassinate Sikh separatist leader Gurpatwant Singh Pannun. Gupta was arrested last year at the US government's request and is currently detained at the Metropolitan Detention Centre in Brooklyn. He is set to appear before a federal court in New York on Monday.
If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the third part of this series, Riju Mehta explains Net Asset Value and how it is calculated.
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
If, instead of foreign holidays, you prefer to travel within India, here’s a series to help you plan the best vacations in each of the 28 states and 8 Union Territories. We highlight tourist attractions, culinary choices, modes of travel, and the costs involved. In the 23rd part of the series, ET Wealth takes you to Telangana.
Whatever your reason, the decision to switch careers is both daunting and rewarding. Here’s how you can make it successful.
The care for the elderly becomes an exploitative market when it drops all other rationale and hinges only on the ability and willingness to spend money. Even as we argue that we cannot turn our faces away for a few rupees, we fail to see that we support this market for invasive, prolonged, exploitative medical care because we are fine to spend the money it takes.
