HDFC Life Insurance Company is expected to report a 22% year-on-year increase in its annual premium equivalent (APE) to Rs 2,910 crore for the quarter ended June 30, 2024. However, on a sequential basis, APE may see a 40% decline according to the average estimates of three brokerages.
FMCG giant Dabur anticipates gradual consumption growth this fiscal by expanding into rural markets with its power brands, aiming for better rural consumption while introducing premium products in urban areas. Chairman Mohit Burman projects an upturn in consumption trends due to normal monsoon predictions, improved economic indicators, and government infrastructure spending. Dabur CEO Mohit Malhotra eyes Quick Commerce as a key channel for growth, expecting rural consumption improvement in the second half of the year.
The MHA and I4C ad issued on Sunday said such suspicious emails and other types of cyber frauds should be reported immediately to www.cybercrime.gov.in or call the cyber crime helpline no 1930.
These baseless theories, ranging from speculations about the shooter's identity to claims that the incident was staged, quickly gained traction on social media platforms, amassing millions of views. Several reports also suggested that law enforcement officials indicated Trump was not hit by a bullet but by glass shards or fragments.
Including gold in retirement portfolios in India offers several advantages, such as diversification, inflation protection, improved portfolio performance, and liquidity. Gold's historical status as a store of wealth and crisis commodity, along with its cultural significance and tax benefits, makes it an important component of a comprehensive retirement strategy.
The Consumer Affairs Ministry has proposed a change to the Legal Metrology (Packaged Commodities) Rules, 2011, requiring key information to be displayed on pre-packaged items weighing over 25 kg or measuring more than 25 litres when sold in retail markets. The amendment aims to provide clarity for the industry and help consumers make informed decisions.
In the pre-budget week, volatility might spike due to varied expectations across different sectors. Stocks within budget-sensitive sectors might see increased interest. However, if the budget fails to meet expectations, those particular stocks could experience significant corrections.
Senior Congress leader P Chidambaram called for the central government to relinquish all-India exams like NEET-UG, advocating for states to oversee medical college admissions. Amid NEET-UG 2024 controversies including cheating, he urged Education Minister Dharmendra Pradhan's resignation over system leaks. Chidambaram criticised the new criminal laws, questioning extensive rewrites, and addressed BJP's allegations against Rahul Gandhi for purportedly insulting Hindus, asserting the need for a secular nation.
A 20-year-old registered Republican, Thomas Crooks, attempted to assassinate former President Donald Trump at a rally. He was shot dead by the Secret Service. Crooks had made a small contribution to a Democratic-aligned group. The motive behind the attack is still under investigation.
Sumer Juneja will join Oravel Stays Ltd as non-executive director, pending EGM approval, representing SoftBank Vision Fund. OYO, backed by SoftBank, reported Rs 100 crore profit in FY 2023-24, per founder Ritesh Agarwal. The board includes Aditya Ghosh, Dr. Deepa Malik, Troy Alstead (ex-COO of Starbucks), and W Steve Albrecht. SoftBank aims to boost OYO globally.
In a bullish market many things change and one of them is the relationship between opportunity and challenges. Given the way markets are panning out, yes there are opportunities to make returns in a short term. But the challenge is finding the right stock which not only delivers a return in the short term but is also worth holding in the portfolio for the long term. This challenge emerges from the fact that valuations are at a higher level and a small negative news can damage prices much more and... Читать дальше...
OpenAI whistleblowers filed an SEC complaint about restrictive NDAs. Sen. Grassley urged an investigation into NDAs waiving whistleblower rights. SEC declined to comment. Originally reported by Washington Post. Fines requested; criticized penalties, consent, non-disparagement clauses. Inspection of contracts, severance, investor agreements requested. OpenAI's Safety and Security Committee led by CEO Sam Altman. Chandni Shah reported AI risks and generative AI.
Indian indices reached record highs, driven by IT stocks and TCS results. Nifty 50 rose 0.77% while Sensex added 0.78%, marking six weeks of gains.
India is expected to double retail digital payments to USD 7 trillion by 2030, according to a study by Kearney and Amazon Pay. The report, 'How Urban India Pays', suggests that affluent consumers lead the way with the highest Degree of Digital Payment Usage (DDPU), using various modes of digital payment for 80% of their transactions. The study was based on an online survey of over 6,000 consumers and over 1,000 merchants across 120 cities.
Punjab Police chief announces the arrest of five associates of Canada-based terrorist Lakhbir Singh alias Landa, seizing three pistols. Total arrests now are at 13. The gang is linked to various serious crimes across Punjab, including murder and extortion. Earlier in June, three associates were arrested, followed by five more on June 30, marking significant progress in combating organised crime.
Former Madhya Pradesh High Court judge Justice Rohit Arya joined the Bharatiya Janata Party (BJP) on Saturday. Justice Arya was appointed to the Madhya Pradesh High Court on September 12, 2013, and became a permanent judge on March 26, 2015. Over his tenure, he presided over several high-profile cases.
To commemorate two years of the National Aeronautics and Space Administration's (NASA) James Webb Telescope, the U.S.-based agency has released a stunning visual of dancing galaxies where the two formations are interacting with each other. The interacting galaxies together are named "Penguin and the Egg."
Tech compensation strategies are shifting. ANSR and Talent500 survey notes 65% gender pay gap, 56% pay disparities. 83% need well-being benefits, half find them essential. Desired perks include flexible schedules, childcare, financial planning, bonuses, RSUs, on-site gyms, healthy cafeterias. 41% lack bonuses. GCCs offer flexible work, career pathing, health insurance, international work, and return-to-work programmes.
Indian benchmark equity indices ended at record closing highs on Friday, led by IT stocks. The S&P BSE Sensex closed 0.78% higher at 80,519, while the NSE Nifty50 index ended above the 24,500 level.
Some of India's wealthiest investors, who chose to park their savings with PMS funds, have earned returns of up to 120% in just one year
The Indian Air Force (IAF) is celebrating the 25th anniversary of its victory in the 1999 Kargil war, marking the silver jubilee of its participation. The IAF flew thousands of strike missions and helicopter sorties to support the Army's efforts in fighting against Pakistan. The event, attended by over 5,000 spectators, included a wreath-laying ceremony by IAF Chief Air Chief Marshal V R Chaudhari, a static display of IAF helicopters, and performances by the Air Warrior Drill Team and the Air Force Band.
"On Friday, Nifty closed at an ATH signaling a bullish momentum continuation. It’s difficult to say that the index will consolidate anytime soon as the trading volume exhibits strength. Though the RSI indicator is showcasing an overbought situation at 73 levels, this can be taken as a sign of minor correction before continuing the bull move"
At Trump's Pennsylvania rally, shooter Thomas Matthew Crooks fired shots, injuring attendees, from a rooftop 200-250 yards away before being killed by Secret Service. Ryan Knight saw him atop the American Glass Research building. Ben Macer noticed Crooks moving between rooftops, causing chaos. Witnesses reported to officers.
