Asia News & Trends

Women leaders on vulnerability, strength, and structural changes in

Women leaders on vulnerability, strength, and structural changes in "Authentic Ascent"

An interesting panel discussion on the topic of "The Authentic Ascent: Leading with Vulnerability and Strength" took place at the 6th edition of the Women Disruptors Summit & Awards 2025. Industry pioneers gathered to talk about systemic changes that enable women in leadership positions in addition to their own personal journeys.Pritha Mitra Dasgupta, Chief Marketing Officer of Havas India, presided over the meeting, and panelists included: Kinnari Dave, Shemaroo Entertainment's Business Head for ShemarooMe Prachi Bali, Head of Saatchi Propagate and EVP Shwetal Basu, Polycab India's Senior Vice President and Head of Brand & Marketing"We are no longer applauding leaders who never flinch," said Pritha Mitra Dasgupta, who opened the conversation by saying .that the days of leaders who stood like rock without flinching were long gone. In actuality, we are admiring those who possess the capacity for tenderness, resilience, empathy, and ambition.She continued by asking Kinneri Dave how both astute strategy and flexibility are necessary to successfully navigate a legacy business through the digital maelstrom. "Could you describe a situation where you were able to bring things back on track when they were veering off course because of your transparency rather than just your strategic abilities?""When you take over a brand, a legacy brand as large as Shemaroo, the burden of the brand and the legacy is huge, and you're always on edge, making sure you're not denting it," Kinnari Dave said, citing a server crash as an example that demonstrated the leadership transfers. I can clearly recall that five years ago, I oversaw product and technology for another company before taking the helm at Shemaroo.I remember clearly the day one of our servers broke and we lost a lot of data because it's a legacy brand and we had a major tech move. At that period, leading product technology for a heritage company felt extremely risky because of the media and people' doubts about a legacy brand going digital in comparison to Netflix. We told stakeholders, "Yeah, we've had a crash, lost data, and need time to figure this out," rather than jumping into solution mode, I said. However, we'll make sure that things return to normal. I then said to the crew, "All right, so this is where we are." Let's focus on finding a solution and separating the problem from the who.That made things more relatable and encouraged cooperation. Because we came together and worked as a single, cohesive team, I believe that's where we found the solution and recovered more quickly than anticipated.  

Published 14 Apr 2025 07:37 PM

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

IGP debuted a brand-new Christmas advertising campaign. The office Secret Santa in the advertisement has a gangster vibe. It draws attention to likable characters at work. IGP provides a variety of practical presents. The ad highlights growing tendencies in office gifts. The goal of IGP is to simplify corporate gifting.With the debut of its second ad video under the 'Amazing Gifts, Samay Par' campaign, International Gifts Platform, or IGP, has added a humorous and inventive twist by putting a birthday celebration in the Stone Age. This most recent episode satirically reimagines the classic problem of selecting the ideal birthday present, demonstrating that gift selection was important even in prehistoric times. The campaign's main concept is that a well-considered present given at the appropriate moment can have a lasting effect.The advertisement transports us to the Stone Age, when even prehistoric people understood that a birthday celebration wouldn't be complete without the ideal cake. A young cave lad surprises his crush with a delectable cake and blooming flowers from IGP in a world where stone tools are cutting edge and fire is considered a luxury. Every cave-dweller at the gathering is won over by the cake, which becomes the talk of the tribe. The message is clear: a thoughtful, well-timed present can make a lasting impact in any era, whether you are looking for dinner or running contemporary errands!  

Published 13 Dec 2024 10:46 PM

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2: The Rule and live updates: Pushpa's follow-up with Director Sukumar: The Rise is about to blow the box office away. Rashmika Mandanna, Fahaadh Faasil, and Allu Arjun are the film's main actors. Allu will play laborer-turned-sandalwood smuggler Pushpa Raj in the follow-up to the Telugu blockbuster from 2021. Rashmika portrays Srivalli, his wife.Tickets for Pushpa 2's December 4 launch are available at select theaters for ₹944 (GST included). The film has surpassed previous marks set by Kalki 2898 AD, Bahubali 2, and KGF 2 to become the fastest film to sell one million tickets on the platform, according to online ticketing portal BookMyShow.Like many recent south-bound films that have shattered records in the Hindi-speaking belt, the movie is expected to gross over ₹60 crore on its first day in the north. The excitement generated by the trailer launch in Patna was just a taste of the excitement that will surround its release.  

Published 05 Dec 2024 08:22 PM

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Social media users reacted negatively to Coca-Cola's recent AI-generated Christmas advertisements. Many contend that the intended Christmas spirit was overshadowed by the campaign's lack of emotional connection and appropriate execution. Although the advertising' technology was impressive, the narrative fell short of the success of Coca-Cola's seminal 1995 commercial. We sought the opinions of prominent figures in Indian advertising.Social media users made fun of Coca-Cola's AI-generated Christmas advertisements when they were published last month. Some users felt that the magic had been lost in the advertisements, which were meant to honor the brand's famous Coca-Cola Christmas commercials from 1995, "Holidays Are Coming." Experts in the field offer their opinions on whether the recent internet backlash against the cola giant's advertisements is the result of bad execution or AI failure.The CCO of DDB Mudra Group, Rahul Mathew "I believe that a campaign's ambition is what makes it successful. You won't be content until you achieve your goal of being the most talked-about campaign. On the other hand, you will be content that you are out there if your goal is simply to be there. I believe the goal of the Coca-Cola commercial was just to be an AI execution. And rather than being a tale that appeals to everyone's Christmas spirit, that has turned into the commercial's narrative."Animation, CG, AI, and live action are all methods of execution. The customer does.  

Published 04 Dec 2024 10:14 PM

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

Sanjay Malhotra, a former Revenue Secretary, has been named Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will assume leadership on Wednesday and serve for three years. Mr. Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre, having been drafted in the 1990 batch. He received a master's degree in public policy from Princeton University in the United States and a bachelor's degree in computer science from the Indian Institute of Technology in Kanpur.In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.  

Published 09 Dec 2024 07:42 PM

The Chief Justice withdraws from legal arguments on the employment of poll workers.

The Chief Justice withdraws from legal arguments on the employment of poll workers.

Sanjiv Khanna, the Chief Justice of India, resigned on Tuesday from hearing arguments against the legality of the statute that removed him from the committee responsible for selecting the Chief Election Commissioner and other election commissioners.The Chief Justice, who shared the bench with Justice Sanjay Kumar, informed the petitioners' attorneys that he was unable to hear their plea. "List the matter before a bench of which I am not a part of," he stated.He said that the matter will be heard after the winter break and would be reallocated to a separate bench, excluding the Chief Justice. During that time, the Chief Justice also instructed the Center and other parties to submit answers to the petition.In their representation of the petitioners, senior advocate Gopal Sankaranarayanan and attorney Prashant Bhushan stated that the previous bench, which was led by Justice Khanna, who had not yet been promoted to the position of Chief Justice, had issued interim orders in the case back in March. Notably, the Chief Justice of India was not allowed to serve on the committee that appointed the chief election commissioner (CEC) and other election commissioners as a result of the Election Commissioners' Act, which was approved in December 2023. The Prime Minister, a Cabinet Minister, and the Leader of the Opposition currently make up the appointment panel.A number of individuals, notably the Association for Democratic Reforms and Congressman Jaya Thakur, contested the legality of Section 7 of the Chief Election Commissioner and other Election Commissioners Act, 2023, and requested a halt to its implementation. A different Supreme Court bench, consisting of Justices Sanjiv Khanna and Dipankar Datta, had earlier in March declined to halt the new law's implementation of the appointment of new Election Commissioners (ECs).  

Published 05 Dec 2024 08:52 PM

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

By adopting the Constituent Assembly's mantle in its March 2, 2023, ruling, the Supreme Court of India essentially rewrote some of the Constitution's clauses. The Court mandated that revised guidelines for the Election Commissioner's appointment be adhered to.According to these regulations, a committee made up of the Prime Minister, the Leader of the Opposition, and the Chief Justice of India must advise the appointment of the Election Commissioner. The Court defended this by saying that these regulations are necessary to address the "lacuna" in the laws governing this topic. However, it is clear that the Court has acted in flagrant contempt of the doctrine of the separation of powers if we examine the Court's reasoning and the laws pertaining to the appointment of Election Commissioners in greater detail.The Constitution itself, which aimed to create three institutional organs—the legislature, executive branch, and judiciary—is the source of the theory of separation of powers. The Constitution also outlined the roles of these three branches, with the legislature enacting laws, the executive branch enforcing them, and the judiciary rendering decisions. But the same Court that once acknowledged this theory as a component of the Constitution's "basic structure" has now reversed it.  

Published 03 Dec 2024 05:34 PM

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

With effect from September 4, 2024, Swiggy has named Amitesh Jha as the new CEO of Swiggy Instamart. Jha offers more than 20 years of expertise to the position, having previously worked with Flipkart.The on-demand meal delivery service Swiggy announced in a press release today, August 29, that Amitesh Jha has been named CEO of Swiggy Instamart. On September 4, 2024, Jha will take over as CEO of the fast commerce company.As competition intensifies in the rapid commerce space, Swiggy has made a move into larger e-commerce categories by appointing Flipkart veteran Amitesh Jha as the new CEO of Instamart.Amitesh Jha, a Flipkart veteran, was named CEO of Swiggy Instamart by IPO-bound Swiggy at a time when rapid commerce competitors are preparing for a fierce competition with e-commerce behemoths. The hiring of Jha reflects the desire of rapid commerce companies to expand beyond grocery by entering e-commerce markets that have historically been robust, such electronics, fashion, and clothing. According to his LinkedIn page, Jha, who has 14 years of experience at Flipkart, was most recently the Senior Vice President of Category and Marketplace, where he oversaw high-growth companies that accounted for 70% of transactions on the Walmart-owned e-commerce platform.Swiggy Group CEO Sriharsha Majety highlighted Jha's "extensive experience in leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm" when he explained why the former Flipkart executive was chosen to lead Instamart. Protecting Swiggy Instamart's market share, which UBS thinks is currently between 20 and 25 percent, compared to Bernstein's projections of 35 to 39 percent in 2023, is one of Jha's biggest problems. In addition to market leader Blinkit's steady rise, BigBasket's complete focus on speedy commerce and Zepto's charge, which is being supported by $1 billion in new funding, are the main causes of the assault.  

Published 02 Dec 2024 11:47 PM

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Pushpa 2: The Rule (Hindi), starring Allu Arjun, is an unstoppable force at the box office, setting yet another record on the second Saturday. Early trends indicate that the Sukumar-directed film hopes to earn between Rs 41.00 crore and Rs 43.00 crore on the tenth day, bringing its total earnings to Rs 458 crore. With a gross of Rs 33.00 crore, the Shraddha Kapoor and Rajkummar Rao-starring Stree 2 was the most grossing second Saturday in Hindi cinema history.The movement and momentum in the evening and night shows will determine if Pushpa 2 will even approach the Rs 45 crore milestone on the tenth day. If it succeeds, Pushpa 2's second Saturday will gross more than Stree 2's second Sunday (Rs 42 crore), which says a lot about the movie's dominance at the box office. Pushpa 2's second weekend could bring in close to Rs 115 crore, which would once again be the largest amount ever made.After surpassing the box office receipts of Animal, Bahubali 2, Pathaan, and Gadar 2 in just 13 days, the Allu Arjun flick is expected to surpass the Rs 500 crore mark on Sunday and rank as the third-biggest Hindi feature film ever by Tuesday. In order to become the most successful Hindi film ever and the first to ever reach the Rs 600 crore milestone, the movie will then be vying for the box office receipts of Jawan and Stree 2.  

Published 14 Dec 2024 08:54 PM

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 box office collection for Pushpa 2: The Rule: The movie starring Rashmika Mandanna and Allu Arjun had a fantastic first weekend at the box office. Indeed, the movie saw a sharp decline in box office receipts on Monday as the week began, despite doing exceptionally well in the first four days. According to reports, Pushpa 2: The Rule made Rs 1000 crore today worldwide. The makers claim that Pushpa 2 is now the fastest Indian movie to join the exclusive membership.As of yet, Pushpa 2 has not made Rs 650 crores at the domestic box office. The Hindi box office receipts for Pushpa 2 were reported by trade analyst Taran Adarsh. The force of "PUSHPA 2" is unstoppable. Unflappable at the #BO, #Pushpa2 extends its winning streak. Its #Blockbuster reputation is cemented by the astounding weekday patterns on Monday and Tuesday. The movie should become the fastest to reach the ₹ 400 cr milestone today [Wednesday; Day 7], given its incredible hold on weekdays. Going forward, it is anticipated that #Pushpa2's outstanding performance in *Weekend 2* will be bolstered by the lack of new releases this Friday, paving the way for a grand entrance into the ₹ 500 cr Club. [First Week] Pushpa2 Sat: 74 cr, Fri: 59 cr, Thu: 72 crThe Telugu version of Pushpa 2 made Rs 11 crores on the sixth day. On Tuesday, the Tamil version brought in Rs 2.5 crores, Kannada brought in Rs 0.4 crores, while Malayalam only brought in Rs 0.5 crores. The action drama made over Rs 150 crores on its first day of release. Unexpectedly, the Telugu version of the movie showed a surge in occupancy. The Telugu version of the movie had an occupancy of 34.79 percent on Tuesday, compared to 25.87 percent on Monday. Additionally, the general occupancy of the Hindi version of Pushpa 2 increased. The occupancy increased to 38.76 percent on Tuesday from 24.83 percent on Monday.  

Published 11 Dec 2024 08:18 PM

Aliya, the sister of Nargis Fakhri, was jailed for killing her ex-boyfriend and his friend while yelling,

Aliya, the sister of Nargis Fakhri, was jailed for killing her ex-boyfriend and his friend while yelling, "You're all going to die today."

Bollywood actor Nargis Fakhri's sister, Aliya Fakhri, has been arrested on suspicion of killing two people when she set fire to her ex-boyfriend's house in Jamaica, a Queens neighborhood in New York City. Aliya has been charged with first-degree murder and other offenses, Queens District Attorney Melinda Katz said in a statement.The deceased have been identified as Anastasia Ettienne (33), Aliya's ex-boyfriend Edward Jacobs (35). Katz told the media that both victims died from burns and smoke inhalation after the fire, which was allegedly ignited by Aliya in the detached garage close to Jacobs' house entry, trapped them with no way out.Aliya, 43, of Parsons Boulevard in Queens, was charged by a grand jury and placed under remand on November 27. She is charged with four first-degree murders, four second-degree murders, and one first- and second-degree arson charge each. She might receive a life sentence if found guilty of the most serious accusation. December 9 is the day of her upcoming court appearance. According to the information provided by the authorities, the crime was reportedly perpetrated by Aliya on November 2. Around 6:20 a.m., she arrived at the two-story detached garage and yelled at Edward, "You're all going to die today."The building was on fire when a witness who had been inside the residence came downstairs shortly after. When Ettienne heard about the fire, he went downstairs for a moment. Then the woman went back upstairs to try to wake Jacobs, who was asleep. Neither Jacobs nor Ettienne were able to flee as the structure caught fire, Katz stated in her testimony.  

Published 03 Dec 2024 09:00 PM

Trailer for Mismatched 3: Rivals are friends and Dimple-Rishi reside in the

Trailer for Mismatched 3: Rivals are friends and Dimple-Rishi reside in the

As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.On Monday, the final trailer for the third season of the well-liked love sitcom Mismatched on Netflix was made public. The eagerly awaited season, which stars Prajakta Koli and Rohit Saraf in the key roles, will bring back long-standing relationships and forge new ones. The trailer jumps right into the next phase of Rishi's (Rohit Saraf) and Dimple's (Prajakta Koli) relationship, beginning with the famous cold coffee that first brought them together. As they go into the next stage of their relationship, the couple has left the Aravali Institute for a new campus in Hyderabad.As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.Furthermore, this season is all about changing the course of events, as Rishi and Anmol (Taaruk Raina), who were formerly fierce rivals, end up working together at the virtual reality lab Betterverse. While Krish (Abhinav Sharma) is still figuring out where he fits in, Celina (Muskkaan Jaferi) helps a new character, Rith (Lauren Robinson), succeed in this virtual environment. Zeenat (Vidya Malavade) and Sid Sir (Rannvijay Singha) are making new plans and beginning afresh, which is a good parallel to the several "worlds" the crew traverses in Mismatched, ranging from friendships to adulthood and self-discovery.In addition to newcomers Lauren Robinson, Garima Yajnik, and Akshat Singh, this season features Prajakta Koli, Rohit Saraf, Rannvijay Singha, Taaruk Raina, Vidya Malavade, Ahsaas Channa, Abhinav Sharma, and Muskkaan Jaferi.    

Published 03 Dec 2024 09:26 PM

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

HONG KONG (AP) — Following Wall Street's recovery from the holiday season blues, Asian stocks are uneven, with markets in China and Tokyo seeing declines.As Tokyo's market reopened following the lengthy customary holiday, the finance minister of Japan rang in the New Year, and employees wearing suits and kimonos applauded for good fortune in 2025.Katsunobu Kato, the finance minister, declared that the Japanese government would take action to assure economic growth driven by investment and salary rises. He also promised to "grasp signs of recovery" and make sure that "every single citizen can feel the improvement in their salaries."Much of Asia has been wary of possible changes under President-elect Donald Trump, who has pledged to drastically increase tariffs on imports from China and other nations, which might impede growth for a region that depends significantly on trade. After U.S. President Joe Biden turned down Nippon Steel's roughly $15 billion offer to buy Pittsburgh-based U.S. Steel Corp., the company was predicted to file a lawsuit. On Monday, Nippon Steel's stock dropped 0.7% in Tokyo. On Friday, U.S. Steel's stock fell 6.5%. Hong Kong's Hang Seng fell 0.5% to 19,654.82, while Tokyo's benchmark Nikkei 225 index fell 1.6% to 39,258.25. At 3,194.20, the Shanghai Composite index fell 0.5%.  

Published 06 Jan 2025 10:33 PM

FPIs Lower Paytm Stakes to Less Than 1%

FPIs Lower Paytm Stakes to Less Than 1%

OVERVIEW Tiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%. The company's total FPI ownership fell from 20.04% in the prior quarter to 16.77% in the September quarter. On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.Tiger Pacific Master Fund, UBS Principal Capital Asia, and Societe Generale are among the foreign portfolio investors (FPIs) who have decreased their investments in Paytm.Paytm Datalabs_in-article-iconTiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%.These stakes dropped below 1% at the end of September, therefore they were not included in the most recent data that was made public.In the quarter that ended in September, the total FPI ownership in the business fell from 20.04% to 16.77%. Paytm has been contacted by Inc42 to provide feedback on the development. The response will be used to update the story.On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.In the quarter that ended in September, the holdings of foreign portfolio investors (FPIs) Societe Generale, Tiger Pacific Master Fund, and UBS Principal Capital Asia in One 97 Communications fell below 1%. Due to general market weakness, Paytm's shares fell 3% intraday to a low of Rs 700 on the BSE.  

Published 17 Oct 2024 05:24 PM

F&O-banned stocks on July 15, 2024

F&O-banned stocks on July 15, 2024

On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.  

Published 15 Jul 2024 05:57 PM

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

Wipro stock price: At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase.Wipro Ltd.'s shares increased 4% on Monday to reach a high of Rs. 535.50. At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase. "The relative value of IT equities appears advantageous when looking at it in the long run. Long-term investors may want to look into equities like Wipro," said WealthMills Securities Director of Equity Strategy Kranthi Bathini.Having said that, Bathini continued, "the upcoming quarterly results and guidance will be extremely crucial going forward." Support for the counter's technical configuration was visible in the Rs 500–490 area. Additionally, additional upside requires a firm close above Rs 545.Wipro has gained a lot of momentum after breaking beyond the Rs 500 barrier. On an intermediate perspective, the stock is ready to attempt the recent swing high of Rs 545. It would be important to keep an eye on the counter for a breakout above the indicated zone, as this might lead to significant traction in a similar amount of time. Any short-term hiccup is probably to be cushioned on the lower end by Rs 500–490, according to Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One.  

Published 01 Jul 2024 05:30 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

According to insiders, the government may decide to loosen the rule requiring MSMEs to be paid for goods and services within 45 days of the purchase in order to deter big corporations from exploring alternative sources of funding This could be announced in the budget, which is expected to be delivered on July 23.Overview. The government is thinking about easing the 45-day payment deadline for MSMEs in an effort to keep big businesses from looking for alternative suppliers. It is possible that this modification to Section 43B(h) of the Income Tax Act would be disclosed in the forthcoming July 23 Budget. As per the Finance Act 2023's introduction of Section 43B(h) of the Income Tax Act, a larger company may face greater taxes if it fails to pay an MSME within the stipulated timeframe of 45 days for written agreements. This is because the firm cannot deduct the payment from its taxable income.The amendment was introduced to allow MSMEs to receive payments on time, but many of them expressed fear, according to sources. They said they were afraid that large corporations might ask their vendors to give up their MSME registration in order to do business with them, or they might shift their sourcing requirements to larger firms in an effort to protect their interests.  

Published 09 Jul 2024 06:19 PM

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

Nirmala Sitharaman would thus become the first finance minister to introduce seven Union Budgets in a row.The Union Budget 2024 for the fiscal year 2024–25 is anticipated to be presented by Finance Minister Nirmala Sitharaman in the second part of July. By doing this, she will beat Morarji Desai, who presented six consecutive Budgets, to become the first Finance Minister to present seven successive Union Budgets. The most comprehensive report of the central government's finances, the budget estimates the government's revenue and expenditures and includes information on all sources of revenue as well as government-incurred costs.In recent years, February 1 has been the day for the presentation of the Union Budget. On February 1st of this year, Nirmala Sitharaman presented the Interim Budget for FY24, given that it was an election year. This year's Lok Sabha elections saw the BJP-led National Democratic Alliance (NDA) defeat the opposition's INDIA alliance for the third time in a row. As a result, Nirmala Sitharaman will give the Union Budget in its entirety the following month.The 18th Lok Sabha's first session, which convened on June 24, is now in progress. The session, which ends on July 1, has already seen the swearing-in of new members and a joint sitting of the Rajya Sabha and Lok Sabha on June 27 during which President Droupadi Murmu delivered a speech.  

Published 01 Jul 2024 06:26 PM

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

The government of Madhya Pradesh is going to establish new road safety and enforcement checking stations and has eliminated the transport check posts at interstate borders. There will be 45 checking points set up initially, and until these points are operational, enforcement will be temporarily handled by mobile forces. Home guards, enforcement officers, and district transport office officials will make up these mobile units. With effect from today, the Madhya Pradesh government eliminated the transport checkpoints at the state's interstate borders and announced the establishment of new road safety and enforcement checkpoints.In the first phase of the state under the new system, 45 checking points will be implemented. In the interim, before the new checkpoints are prepared, mobile units made up of house guards, district transport office employees, and enforcement personnel will be established.In a video conference meeting with officials on Sunday at CM House, Chief Minister Mohan Yadav gave orders for district-level administrative and police personnel to assist the Transport Department in implementing the new system.  

Published 12 Aug 2024 10:23 AM

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

Another day, another Instagram beauty tip that has gone viral. You surely have a feed full of skincare tips on how to treat acne if you have it, like I do. Social media is using natural components from your kitchen, such as flax seeds for "botox" and raw garlic. This time, raw ginger is the focus, as influencers assert that applying it topically can help eradicate acne. It seems like a simple solution to acne, doesn't it?Innumerable videos of Indian skinfluencers with radiant skin can be found online these days, stating that the key isn't pricey facials but rather applying raw ginger directly to acne outbreaks to treat them right away. But is this spicy suggestion really supported by any science?To find out if this pattern is reliable, let's take a closer look and get some professional guidance.What are the opinions of experts? First, let's get this out of the way. Anything is not necessarily beneficial to your skin just because it is natural. particularly when used undiluted and raw. Senior consultant dermatologist Dr. Gulhima Arora of Mehektagul Dermaclinic states that ginger has only been indirectly shown to be effective in treating acne in scientific studies. It shouldn't be regarded as the primary or first line of treatment. She emphasizes that acne is a complex condition and that not all of its triggers can be addressed by a single spice.Dermatologist and Kaya Limited medical advisor Dr. Saranya B concurs, saying that using raw ginger to the face is not a clinically validated method of treating acne. Despite its antibacterial and anti-inflammatory qualities, direct application may irritate skin. According to Skin Smart Solutions' founder and principal dermatologist, Dr. Bindu Sthalekar, "there is no scientific proof that applying raw ginger topically treats acne." Theoretically, it might be beneficial, but only if taken in conjunction with other drugs and with good tolerance.  

Published 17 Apr 2025 08:57 PM

How to get ready for a multilingual child

How to get ready for a multilingual child

You can do a lot to set the stage for your child to learn the languages you want them to know before they are born.For every new parent, expecting a child—especially their first—is a lot. Where the baby will sleep, how to arrange for feeding, changing, and bathing, and how to set up your work schedule so that you or another caregiver can spend time with the child are just a few of the many unknowns and preparations that need to be made. If you are able to speak multiple languages, you might want your child to be able to speak them as well.Although this isn't always the case, many people in the English-speaking world know very little about any other language. Nearly 60% of EU citizens between the ages of 25 and 64 are "good" or "proficient" in at least one language other than their first. Many youngsters can anticipate having several first languages as they are born into households where multiple languages are spoken on a regular basis. It's possible that your parents speak various first languages or that you were raised speaking multiple first languages. Neither parent's first language may be the one spoken by the majority of people outside the family.You can do a lot to set the stage for your child to learn the languages you want them to know before they are born. Parents might talk about the language skills they hope their child will acquire. Which language or languages should your child learn as their first language from the beginning? Generally speaking, the original language or languages are more developed than subsequent languages. If more than three or four languages are involved, you might have to prioritize due to practical constraints. Making sure the child receives adequate, consistent exposure to and contact with each language they are learning is crucial. Parents frequently desire to engage with their infant in the  

Published 03 Jan 2025 09:02 PM

Indian-American Miss India USA 2024, born in Chennai

Indian-American Miss India USA 2024, born in Chennai

Caitlin Sandra Neil, an Indian American girl from Chennai, won the title of Miss India USA 2024 at the yearly contest in New Jersey.Ms. Caitlin, 19, is a University of California, Davis second-year student. "I want to leave a positive lasting impact on my community and focus on women's empowerment and literacy," Caitlin was quoted as saying in a press statement.Ms. Caitlin was born in Chennai, India, and has spent the previous 14 years in the United States. She aspires to work as a web designer in addition to modeling and acting.In the pageant run by the India Festival Committee (IFC), Sanskriti Sharma from Illinois was named Mrs. India USA, and Arshita Kathpalia from Washington was crowned Miss Teen India USA. Caitlin Sandra Neil and Sanskriti Sharma were crowned Miss India USA 2023 by Rijul Maini and Mrs. India USA 2023 by Sneha Nambiar. In the Miss India USA contest, Manini Patel of New Jersey and Nirali Desia of Illinois were crowned first and second runners-up, respectively. In the Mrs. India USA contest, Virginia's Sapna Mishra and Connecticut's Chinmayee Ayachit were crowned first and second runner-up, respectively. According to the press release, Sonali Sharma and Dhriti Patel of Rhode Island were named the teen category's first and second runners-up, respectively. Twenty-five states sent forty-seven participants to compete in the pageant's three divisions.  

Published 21 Dec 2024 03:41 PM

The

The "dumbest thing on the internet" viral video features an influencer using green chillies as a "natural lip plumper."

Online criticism of the possible health hazards of using green chilli as a "lip plumper" erupted when a Delhi-based beauty influencer's video went popular.After publishing a contentious beauty tip online, a Delhi-based beauty blogger has created a stir by using a green chilli as a "natural lip plumper." Shubangi Anand uploaded the video to Instagram, and in a matter of days, it has received over 21 million views.Shubangi holds a green chilli in the beginning of the film, slices it, and then presses the exposed end to her lips. The apparent effects of the chilli begin to take effect as she proceeds with the procedure. She inhales deeply, tints her lips, and adds a glossy finish to complete her appearance. Her followers are encouraged to attempt the unconventional method themselves by the caption, which asks, "Would you try?" and includes emojis of fire and chilli.  

Published 09 Dec 2024 08:43 PM

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

Rajeev Shukla said the IPL 2025 starts on March 23 and disclosed the date for India's Champions Trophy team release.Vice-president Rajeev Shukla of the Board of Control for Cricket in India (BCCI) has confirmed that the much-anticipated Indian Premier League (IPL) 2025 would begin on March 23. Shukla disclosed the tournament's start date to the media on Sunday after the BCCI general meeting.Important decisions pertaining to the management of Indian cricket were taken at the BCCI meeting on January 12 in addition to the announcement of the IPL's start date. According to Shukla, Prabhtej Singh Bhatia has been elected as the BCCI treasurer, while Devajit Saikia will take Jay Shah's place as the organization's new secretary. He added that the 2025 Women's Premier League (WPL) venues will be revealed soon, and that the Champions Trophy teams meeting will be held between January 18 and 19. However, there have been differing claims regarding the IPL's start date. According to ESPNCricinfo, the competition will really commence on March 21. According to a BCCI insider cited by PTI, the competition would start on "March 20 or 21."Gautam Gambhir and Indian captain Rohit Sharma attended the review meeting on Saturday in response to India's dismal showing in the Border-Gavaskar Trophy, where the team lost 1-3 to Australia. Another 0–3 clean-sweep loss to New Zealand at home came before the series. "The Border Gavaskar Trophy performance, what went wrong, and the necessary course adjustment were all covered in depth. However, do not anticipate a hasty decision from the new BCCI administration," a source familiar with Board events told PTI under anonymity.  

Published 13 Jan 2025 09:45 PM

The 'Made of Bold' sports development initiative is launched by RCB.

The 'Made of Bold' sports development initiative is launched by RCB.

RCB's "Made of Bold Sports Development Programme" was started with the goal of identifying and developing athletes from all over the world.To find talent and develop athletes from all over the world, the Royal Challengers Bengaluru (RCB) started the "Made of Bold Sports Development Programme."On Thursday, the RCB issued a statement that read, "With a vision to unearth talent and nurture athletic champions from across regions, the Royal Challengers Bengaluru (RCB) are elated to announce the Made of Bold Sports Development Programme launch.""RCB's larger goal of creating a Sports Forward Nation, which aims to create a strong and sustainable sports ecosystem for India, includes the Made of Bold program as a key component. In order to promote active sports growth in the nation, this initiative seeks to find and develop athletes as well as start a conversation among important industry players," Rajesh Menon, Vice President and Head of RCB, stated in a news release. "We firmly think that when communities and sports come together, everyone benefits in the long run. This is for the socioeconomic impact on the neighborhood as well as for the talent that has been found and developed. With an emphasis on using sports as a bridge to underprivileged areas, we hope to accomplish this through RCB's Made of Bold Sports Development Programme in support of long-term development," he continued.Shreyanka Patil, the star cricket player for the Royal Challengers Bangalore (RCB), spoke on the program, saying, "I am very excited to see the 'RCB's Made of Bold Sports Development Programme' begin. Creating inclusivity and providing a platform for athletes and their communities to flourish is exactly what we Indian athletes need. This program is a good start for India, a huge country with a lot of unrealized sporting potential.  

Published 21 Dec 2024 03:44 PM

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors in India's triumph at the major tournament was pacer Jasprit Bumrah, who drove his side to victory in numerous games with his amazing spells.Bumrah Jasprit gives Sanjana Ganesan a hug. Video Breaks the Internet During a Live InterviewIn addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.Sports Desk on NDTVUpdated at 02:19 PM IST on July 01, 2024Two minutes to read In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug; the video goes viral online. Sanjana Ganesan and Jasprit Bumrah together© X (Twitter) After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors contributing to India's victory in the majorThe fans were astonished by the top pacer's performance. Such "couple goals" moments are what Bumrah and Sanjana are renowned for providing their fans with. In eight matches, Bumrah took 15 wickets and won Player of the Tournament. He was instrumental in India's triumph over the Proteas in the summit confrontation. You can only listen to the newest music on JioSaavn.com. "Normally, I'm the one who makes an effort to control my emotions so that I can concentrate on my work, but right now, my emotions are taking control and I'm running out of words. After a game, I don't normally cry, but this one feels very meaningful. We thought we were in trouble halfway through, but to pull off a victory like this is  

Published 01 Jul 2024 05:26 PM

Shah Rukh Khan declared he would give a  flying kiss  to celebrate winning the IPL. Rana Harshit

Shah Rukh Khan declared he would give a flying kiss to celebrate winning the IPL. Rana Harshit

Rana was instrumental in the Kolkata Knight Riders' IPL victory, taking 19 wickets in 13 matches. The Delhi speedster's aim is to play for India after his breakout IPL season.The Kolkata Knight Riders (KKR) team ran on the engine of Harshit Rana, who went on to win the championship three times. Harshit, the uncapped Indian bowler, came through for his team during the first half of the IPL when Mitchell Starc was having trouble keeping his rhythm. In 13 games, he claimed 19 wickets. After being interviewed by The Indian Express, Harshit, 22, talks about his experience in the IPL, what Shah Rukh Khan promised him, why he began playing cricket, and his future aspirations.  

Published 12 Aug 2024 10:24 AM

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand "get rich."

Important Points The most recent nation to enter into an economic alliance with the United Arab Emirates is New Zealand. The prime minister of New Zealand told CNBC that in order to find economic prospects, the South Pacific island nation must go outside of its immediate area. Prime Minister Christopher Luxon sees an opportunity to increase bilateral trade between the UAE and New Zealand through the free trade agreement inked on Monday.As the South Pacific island nation forges an economic alliance with the United Arab Emirates (UAE), the prime minister of New Zealand told CNBC that the nation must search for trade prospects outside of its immediate borders. Prime Minister Christopher Luxon views the free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA), as an opportunity to increase bilateral trade between the two nations and positions the United Arab Emirates as one of the Middle East's biggest marketplaces.Luxon told CNBC Monday, "We have a long-standing relationship that dates back more than 40 years of diplomatic recognition, and the opportunity now is to deepen and broaden the economic relationship. "The signing of the CEPA and the bilateral investment treaty is crucial because, in reality, these two small, developed economies share many values and similarities, and we hope to be able to collaborate and strengthen our relationship.  

Published 15 Jan 2025 07:59 PM

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

The centennial of Atal Bihari Vajpayee honors his important political accomplishments to India. He served a full term as India's first prime minister who was not a member of the Congress. Vajpayee continues to play an admirable role in Indo-Pakistan ties, coalition politics, and effective administration. He was a great statesman and orator who had a long-lasting effect on national policy and parliamentary democracy in India.Using his trademark flourish, Atal Bihari Vajpayee made one of his most well-known predictions during the BJP's first convention at Shivaji Park in Mumbai on December 30, 1980: "Andhera chhatega, suraj niklega, kamal khilega" (darkness will end, the sun will rise, lotus will bloom). His remarks have held up well as the centennial of his birth approaches, with lotuses in full bloom and the BJP regaining control of the center for a third consecutive term.Vajpayee assisted the BJP in gaining traction when its cultural goal was viewed as anathema, if Prime Minister Narendra Modi made it the focal point of national politics.In a world full of powerful satraps, India's first non-Congress prime minister to serve a full term was a statesman politician and an unmatched orator who garnered admiration and respect from people on both sides of the political spectrum. He stood tall with his natural democratic spirit, which he had developed over decades of opposition.  

Published 24 Dec 2024 10:43 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

Election 2024 Live  By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live: On Wednesday, by-elections are being held for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand in addition to the Maharashtra and Jharkhand legislative assembly elections.Election 2024 Live: On Wednesday, November 20, Maharashtra and Jharkhand will hold assembly elections. All 288 seats in the Legislative Assembly of Maharashtra are up for election in a single phase. But in Jharkhand, where voting for 43 constituencies was held on November 13 with a 64.86 percent voter turnout, polling is being held for the remaining 38 seats. has been is now being is just being is really being is still being is already being is also being has been being is always being is only being was already being will be can be itself is must be would be also is could be may be might be had been is should be being was then is then is now is mostly is really is always is again is sometimes is also is already is further is just is either is first is often gets is only is still is even has already beenBy-elections for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand are also taking place on Wednesday in addition to the legislative assembly elections in these two states. Voting in Maharashtra's 288 constituencies began at 7 a.m. and will end at 6 p.m. There are 9,64,85,765 registered voters in Maharashtra, including 1,16,355 service voters. In the entire state, 1,00,186 polling places have been set up by the Election Commission of India (ECI).Since the most recent assembly elections, Maharashtra's political climate has undergone substantial changes. Former allies the BJP and Shiv Sena ran against the Congress and the NCP, led by Sharad Pawar. The Congress, NCP, and Shiv Sena formed the Maha Vikas Aghadi (MVA) coalition after the BJP-Shiv Sena alliance broke up due to disagreements over the chief minister's responsibilities. In contrast, polling in Jharkhand started at 7 am at 14,218 polling places and will run until 5 pm, with the exception of 31 booths, which will close at 4 pm.  

Published 20 Nov 2024 04:53 PM

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Fintech startup Yenmo secures $500,000 investment from Y Combinator

Fintech startup Yenmo secures $500,000 investment from Y Combinator

Yenmo, a platform providing instant loans against mutual funds, announced it has completed its latest funding round, securing $500,000 in investment from Silicon Valley-based startup accelerator Y Combinator.The funding from Y Combinator is anticipated to play a crucial role in Yenmo’s journey to promote financial inclusion in India. “We aim to introduce a suite of lending options that were previously accessible only to high net worth individuals, now to every Indian consumer,” said Ashutosh Purohit, Chief Executive Officer and Co-founder, Yenmo. Yenmo empowers Indian investors to borrow against their investments (such as mutual funds and stocks) at a flat 10.5 per cent interest rate, in less than five minutes. Investors can view all their investments in real-time, select the assets they wish to borrow against, and receive funds directly into their bank accounts. This allows their investments to continue growing for the long term while fulfilling immediate financial needs effortlessly.“It bothers me to see $30 billion being redeemed every year from equity mutual funds by retail investors to fulfil their short-term needs. With Yenmo, they will no longer have to sell their mutual funds; instead, taking a loan against them is a much better way to keep the investments intact. This approach will help your money grow in the long term while providing access to funds for immediate requirements. The growth in their funds will not only cover their investments but would also end up making them more money,” said Purohit. Yenmo offers a full-stack API (application programming interface) solution for other companies to integrate loans against mutual funds into their products. It further plans to launch new products like loans against stocks, insurance, digital gold, and land.  

Published 24 Mar 2024 07:21 PM

Tech Mahindra to consolidate two US-based subsidiaries

Tech Mahindra to consolidate two US-based subsidiaries

Born Group, Inc., a step-down subsidiary of Tech Mahindra Ltd (TML), will merge with Tech Mahindra (Americas) Inc., a subsidiary of TML, with the appointed date of the merger plan being April 1, 2024.The plan of merger of Born Group, Inc. (BORN) with parent Tech Mahindra (Americas) Inc. (TMA) was approved at their respective board meetings held on March 22, TML said in a regulatory filing. “The business of both (US-based) entities, BORN (transferor) and TMA (transferee), are complimentary hence consolidation will result in synergy of business operations, optimise operational costs and reduce compliance risk,” according to the filing. BORN specialises in providing brand strategy, visual design and brand identity exploration for digital products, mobile apps, and physical products in the US.TMA provides computer consulting, programming support services and IT management and consulting services. “Both the transferor and transferee companies are wholly-owned subsidiaries and, hence, there will be no cash consideration or issue of new shares involved under the plan of merger. The investment of TMA in BORN will get cancelled on the merger becoming effective. “The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the plan of merger is April 1, 2024,” TML said.  

Published 24 Mar 2024 07:13 PM

Nike shares fall 8% as shoemaker anticipates drop in sales

Nike shares fall 8% as shoemaker anticipates drop in sales

Nike's stock plunged by almost 8% on New York Stock Exchange (NYSE) during early trading on Friday following the company's announcement that it anticipates a decline in sales during the first half. This projection comes as Nike shifts focus from older styles to more fashionable sneakers in its competitive battle for market dominance against emerging brands. "What we heard on this quarterly call was that the merchandise margin recovery was coming slower largely due to management actions (reducing core product lines) and that sales through 1H25 would remain in negative territory," Barclays analyst Adrienne Yih, was quoted as saying by Reuters The brokerage Barclays slashed its price target by 20% to $114, marking the most significant adjustment on Wall Street following the latest results. Investors were particularly attentive to executives' remarks, highlighting Nike's prolonged direct-to-consumer (DTC) strategy's failure to spur growth as anticipated. Consequently, the leading sportswear manufacturer is pivoting its focus towards revitalizing relationships with its wholesale partners. "Nike's distribution strategy is all over the place. Problem is customers want to buy Nike everywhere so reducing wholesale dramatically seems like the wrong move in hindsight," Jefferies analyst Randal Konik was quoted as saying. The company's direct-to-consumer (DTC) initiatives have been hindered by slow demand in North America. Lululemon Athletica, a competitor, reported a decline in annual revenue and profit due to decreased demand primarily in the same region, leading to a 14% drop in its shares on Thursday. Over the past year, Nike's stock has depreciated by 16% in value. Nike's forward price-to-earnings ratio, a standard measure for assessing stock value, stands at 24.84. In comparison, Adidas and Puma boast forward price-to-earnings ratios of 52.08 and 15.31, respectively.  

Published 22 Mar 2024 09:22 PM

Bank Nifty Price Live blog for 22 Mar 2024

Bank Nifty Price Live blog for 22 Mar 2024

Bank Nifty Share Price Today Live: These stocks are witnessing an unusually high volumes in trade today Punjab National Bank (34991793), HDFC Bank (22987454) and IDFC First Bank (22337695). Bank Nifty Share Price Today Live: The Bank Nifty closed the day at 46684.9 up (0.36%) in comparison with its previous close. It has touched an intraday low of 46566.8 and high of 46974.15 Bank Nifty futures are at 46904.6 (0.23%) with an open interest change of -4.5% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future. Bank Nifty futures are at 47024.95 (0.49%) with an open interest change of -2.2% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future. Bank Nifty Share Price Today Live: The Bank Nifty is currently trading at 46871.7 up 0.4% in comparison with its previous close. It has touched an intraday low of 46566.8 and high of 46948.5 Bank Nifty futures are at 46918.0 (0.26%) with an open interest change of 0.79% which indicates Continuation of bullish trend in near future ank Nifty Price Live Updates: At 16:30 Bank Nifty was trading at 46863.75 (0.38%). Today Bank Nifty has been trading in the range of 46974.15 to 46566.8. Nifty futures are at 46930.0 (0.29%) & with an open interest change of -5.85% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.The NIFTY Realty at (1.02%), NIFTY Pharma at (0.74%) & NIFTY Healthcare at (0.56%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-2.99%), NIFTY India Digital at (-2.99%), NIFTY50 Value 20 at (-0.95%) are currently the low performing sectors.  

Published 22 Mar 2024 09:21 PM

Infinix Note 40 Pro 5G series to launch in India in April, Flipkart reveals

Infinix Note 40 Pro 5G series to launch in India in April, Flipkart reveals

A teaser published by Flipkart has revealed that the Infinix Note 40 Pro 5G series is set to make its debut in India in April. This follows the recent global launch of the Infinix Note 40 Pro+ 5G and Infinix Note 40 Pro 5G, both featuring the MediaTek Dimensity 7020 SoC.While the company has yet to confirm the exact launch date, the device is likely to launch soon. There have been reports suggesting that the Infinix Note 40 Pro+ 5G has made an appearance on the Bureau of Indian Standards (BIS) website, hinting the launch event might not be too far. The leaks haven't yet hinted what could be the India price of the new Infinix phone. But, the global launch gives us some hints about the same. The Infinix Note 40 Pro+ 5G is priced starting from $309 (approximately Rs 25,000), while the Infinix Note 40 Pro 5G starts at $289 (approximately Rs 24,000).Both the Infinix Note 40 Pro+ 5G and Infinix Note 40 Pro 5G are equipped with a 6.78-inch full-HD+ curved AMOLED display. The panel refreshes at 120Hz. Powering these devices is an octa-core 6nm MediaTek Dimensity 7020 SoC. The devices run on the latest Android 14-based XOS 14 OS. Optics-wise, both models sport a triple camera setup, led by a 108-megapixel main sensor with optical image stabilization (OIS) and 3x zoom capabilities. Accompanying this primary sensor are a 2-megapixel depth sensor and a 2-megapixel macro camera. Additionally, they feature a 32-megapixel front camera for selfies and video calls. Meanwhile, the Infinix Note 40 Pro 5G packs a slightly larger 5,000mAh battery under the hood. The company has given support for 45W wired charging and 20W wireless MagCharge. The Infinix Note 40 Pro+ 5G stands out with the inclusion of Infinix's proprietary Cheetah X1 chip and is powered by a 4,600mAh battery. This device supports 100W wired charging and 20W wireless MagCharge technology.  

Published 22 Mar 2024 09:17 PM

iPhone 15 is available with up to Rs 10,901 discount offer on Flipkart

iPhone 15 is available with up to Rs 10,901 discount offer on Flipkart

The iPhone 15, a relatively recent addition to Apple's lineup, has swiftly found its way onto Flipkart's shelves, enticing consumers with an attractive starting price of Rs 72,999 for the 128GB storage variant. Adding to the allure, Flipkart sweetens the deal with a further Rs 4,000 discount for HDFC bank credit cardholders, effectively bringing the price down to Rs 68,999. The iPhone 15, a relatively recent addition to Apple's lineup, has swiftly found its way onto Flipkart's shelves, enticing consumers with an attractive starting price of Rs 72,999 for the 128GB storage variant. Adding to the allure, Flipkart sweetens the deal with a further Rs 4,000 discount for HDFC bank credit cardholders, effectively bringing the price down to Rs 68,999. This pricing strategy marks a notable departure from the iPhone 15's original announcement price of Rs 79,900 in India. With Flipkart's flat discount offer of Rs 10,901, including bank offers, consumers are being given an enticing proposition. Moreover, if people opt for exchange offer of up to Rs 55,500, they will be able to save even more. However, it's essential to bear in mind that the exchange value is contingent upon the age and condition of the old device being traded in. Also, no platform ever offers full exchange discount to users. So, you are likely to get less discount on exchange of your old phone, but then you will also be able to buy the iPhone 15 at an event lower price. The iPhone 15 is the first standard phone from Apple to receive a punch-hole design, which makes the content consumption experience even better than before. While there is no support for a 120Hz refresh rate, people who have been using a 60Hz screen won't miss the higher refresh rate feature. Nevertheless, the scrolling experience is mostly smooth and the display also produces vivid colours. Compared to the iPhone 14, a significant camera upgrade here is the inclusion of a 48-megapixel primary rear camera. You can expect to get sharper, more detailed images with richer colours. While the battery size sees a modest increase over the iPhone 14, Apple promises two days of usage, though real-world performance may fall short of this mark. Notably, iPhones fetch better exchange values than Android phones, making upgrading to the iPhone 15 more cost-effective. This holds true for the iPhone 14 as well, further reducing the device's price. For people who are on a tighter budget can buy the iPhone 14. It is capable of offering a smooth performance with decent camera output. The choice between models boils down to personal preferences and budget constraints. However, it's essential to remember that neither phone includes a charger, necessitating an additional purchase.  

Published 22 Mar 2024 09:16 PM

Lululemon Stock Plunges 11% on Disappointing Outlook—Key Price Level to Watch

Lululemon Stock Plunges 11% on Disappointing Outlook—Key Price Level to Watch

Shares in Lululemon Athletica (LULU) plunged 11% in after-hours trading Thursday after the activewear maker provided an outlook that fell short of Wall Street expectations amid softness in its Americas business.The Vancouver, British Columbia-based retailer sees current-quarter revenue ranging between $2.175 billion and $2.20 billion, indicating top-line growth of 9% to 10%. By comparison, analysts had expected sales of $2.25 billion. The company anticipates diluted earnings per share (EPS) for the period of $2.35 to $2.40, with the upper band of that guidance coming in below the $2.55 consensus view. For the full year, Lululemon guided sales of between $10.7 billion and $10.8 billion compared to analysts' estimates at $10.9 billion. Meanwhile, it projects midpoint diluted annual EPS of $14.10, falling short of the $14.13 a share Street expectation. International sales in the quarter jumped 54% driven by growth in China. That helped offset stagnating sales in the Americas, which were up 9% from year earlier but down on the 29% growth reported in last year's equivalent quarter, raising concerns that inflationary pressures on essential items are wearing down consumer discretionary spending. “As you’ve heard from others in our industry, there has been a shift in the U.S. consumer behavior of late and we’re navigating what has been a slower start to the year in this market,” CEO Calvin McDonald said on the company’s earnings call. He also noted that a lack of sizing and color options had led to lower traffic and conversions in the U.S. market. Since a bullish golden cross formed on the Lululemon chart in early April last year, the price has continued to trend mostly higher. Amid an earnings-driven sell-off, investors should monitor an uptrend line that sits in close proximity to the 200-day moving average as a potential support area, currently around $431. A failure to hold this key level could lead to a decline to longer-term support near $389. Lululemon shares fell 11.1% to $425.77 in after-hours trading, hitting their lowest level since last November.    

Published 22 Mar 2024 09:13 PM

Why the Department of Justice Is Suing Apple

Why the Department of Justice Is Suing Apple

The Department of Justice (DOJ) filed a lawsuit against Apple (AAPL) Thursday, alleging the tech giant violated antitrust laws and stifled competition with a monopoly over the smartphone market in the U.S.The DOJ and 16 state and district attorneys general filed the lawsuit in New Jersey federal court Thursday, claiming Apple has harmed American consumers and developers by limiting competition and software development for the iPhone, and also making consumers spend more money on Apple products through a number of anticompetitive tactics. "Apple has maintained monopoly power in the smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law," Attorney General Merrick Garland said at a Thursday press conference. "We allege that Apple has employed a strategy that relies on exclusionary, anticompetitive conduct that hurts both consumers and developers.The DOJ alleged that among the ways Apple stifled competition, Apple exerted control over how apps can interact with Apple's software and often made it more difficult or costly for users to switch away from iPhones or use a non-Apple smartwatch with an iPhone. Garland said Apple intentionally degraded the quality of features like messaging with non-Apple products and other apps to give users the impression that Apple products are superior. The suit also cited the Apple Wallet, which Garland said unnecessarily inserts Apple into a transaction where a digital wallet could be created directly between a user and a credit card issuer, which presents security and privacy risks. In the App Store, using Google to search on an Apple device, and through fees on tap-to-pay transactions, the DOJ said Apple repeatedly earns money through licensing and other fees on content or services it had no part in creating. Small companies and app developers rely on access to iPhone users to make money, allowing Apple to take a large percentage of each transaction. "Apple’s smartphone business model, at its core, is one that invites as many participants, including iPhone users and third-party developers, to join its platform as possible while using contractual terms to force these participants to pay substantial fees," the complaint states. "At the same time, Apple restricts its platform participants’ ability to negotiate or compete down its fees through alternative app stores, in-app payment processors, and more." Simply having a popular product and gaining monopoly control on merit does not violate antitrust laws, Garland said, but that if a company acts to stifle competition in order to gain or keep monopoly power, the DOJ will "vigorously enforce" antitrust law to protect consumers. He noted Apple is estimated to control over 70% of the performance smartphone market in the U.S. The complaint also noted that a similar antitrust suit helped Apple thrive in the early 2000s, when the DOJ successfully sued Microsoft (MSFT), allowing companies like Apple to offer platforms like iTunes on Windows PCs. The suit against Apple joins others from the DOJ, a number of state attorneys general, and the Federal Trade Commission against other tech giants like Amazon (AMZN), Google (GOOGL), and Meta (META). Many of those same companies have also come under regulatory scrutiny from the European Union in recent months on a number of issues.  

Published 22 Mar 2024 09:13 PM

Gaza Civil Defense: Israel refuses to allow access to wounded in Gaza City

Gaza Civil Defense: Israel refuses to allow access to wounded in Gaza City

In a statement, spokesperson for the organisation Mahmoud Basal says that Israel refuses to coordinate with international groups such as the Red Cross in order to allow rescue crews access to “hundreds” of wounded Palestinians in the vicinity of al-Shifa Hospital in north Gaza.“The occupation’s decision to prevent coordination is an extension of the policy of slow execution of innocent and wounded citizens under siege,” Basal says. On Monday, Israeli forces launched a new assault on the medical complex and its surrounding area, killing at least 90 people and detaining hundreds. Israel’s Prime Minister Benjamin Netanyahu says preparations are under way for the invasion of Rafah, but an operation “will take some time”. In a video statement, Netanyahu said he will soon approve a plan for the evacuation of about 1.5 million Palestinian civilians from fighting areas after having greenlit the military’s operation. He said he appreciated the support of US President Joe Biden, who he asked to present proposals on humanitarian assistance and other aspects of the war.The army would “continue to operate in Khan Younis, in the central camps, for the elimination and capture of senior Hamas officials as we just did in Shifa Hospital, while eliminating hundreds of terrorists”, Netanyahu added. “As I promised you time and time again – we are determined to achieve absolute victory, and we will achieve it,” he said.  

Published 22 Mar 2024 08:59 PM

Russia confirms naval chief replaced after Black Sea failures

Russia confirms naval chief replaced after Black Sea failures

Russian state media confirmed on Tuesday that the Kremlin replaced the head of the country’s navy following a string of successful Ukrainian attacks on its Black Sea fleet.Adm. Alexander Moiseyev was for the first time officially introduced as acting commander in chief of the Russian Navy during celebrations marking Submariner Day in Kronshtadt, a town and a naval base on Kotlin Island, just west of St. Petersburg, according to state news agency TASS. Born on April 16, 1962 in Borskoye, Kaliningrad region, Moiseyev had served “for many years in nuclear submarines of the Northern Fleet from combat element group engineer to missile submarine commander, submarine force commander and submarine forces commander,” according to his Russian Defense Ministry biography. In 2011, Moiseyev was awarded the title of Hero of the Russian Federation for courage and heroism shown in the line of duty, according to the Defense Ministry. He has also been awarded two orders of courage and a number of other awards and medals, according to the ministry. Moiseyev replaces Adm. Nikolay Yevmenov, according to TASS, whose future had been the subject of speculation for weeks due to Russia’s repeated losses in the Black Sea. While the situation on the frontlines of the ground fighting between Russia and Ukraine has been static for months, save for a few Russian victories, the successes in the Black Sea have been a bright spot for the Ukrainian military. Ukraine claimed last month that it had disabled a third of the Russian Black Sea fleet in attacks which have most involved underwater drones. The salvos are aimed at isolating the Crimean Peninsula to make it more difficult for Russia to sustain its military operations there and on the Ukrainian mainland. Moscow seized Crimea 10 years ago in violation of international law, so the attacks there carry symbolic significance as well as strategic value. Pushing back Russia’s fleet has also allowed Kyiv to open a maritime corridor to export of grain and other commodities to the global market. But those losses have prompted the Kremlin to redouble its efforts to fortify the Black Sea Fleet. Russian Defense Minister Sergei Shoigu effectively admitted that Ukraine had taken advantage of vulnerabilities in the Black Sea Fleet during a visit to its command post. According to a statement from the ministry, Shoigu ordered the Russian navy to add more firepower to war ships to counter Ukrainian drones and train personnel “during the day and at night.” It’s unclear when exactly Moiseyev was appointed to replace Yevmenov. The palace intrigue inside Russia’s military is, like much of the country’s authoritarian politics, notoriously opaque.  

Published 06 Jun 2024 10:53 AM

Israel’s war on Gaza live: Imminent famine an ‘entirely manmade disaster’

Israel’s war on Gaza live: Imminent famine an ‘entirely manmade disaster’

UN chief Antonio Guterres says a new report warning that famine is now imminent in northern Gaza is an “appalling indictment” of the situation on the ground.In a statement released on X, Reporters Without Borders, also known by its French name Reporters sans frontieres (RSF), has called the arrest of Al Jazeera Arabic’s Ismail al-Ghoul “part of Israel’s ongoing crackdown on the press”. “RSF demands the release of correspondent Ismail a-Ghoul, arrested by the army at Al-Shifa hospital,” the statement reads, saying that he was beaten and his equipment destroyed.We’ve been reporting all day on intense fighting at and near al-Shifa Hospital in Gaza City. The Qassam Brigades, Hamas’s armed wing, has reported on its Telegram channel that its fighters have been engaged in “fierce clashes” with Israeli forces in the area since dawn. The group said it targeted “a number of Zionist vehicles, causing deaths and injuries among their ranks”.The organisation’s global humanitarian director, Unni Krishnan, says that according to the IPC’s analysis in December, famine could be prevented if a cessation of hostilities occurred in the Gaza conflict and increased humanitarian aid entered the enclave, but that did not happen. “This horrific situation was entirely avoidable, and it’s not too late to take action to prevent more children from dying. We fully agree with the IPC warning: Waiting for a confirmation that famine is occurring or has actually occurred to take radical measures is indefensible,” Krishnan said. He added that his organisation “more urgently than ever before” calls for an “immediate, unconditional and permanent ceasefire and a massive increase in humanitarian assistance”. “Israeli restrictions on aid, siege tactics, and Israeli military attacks against civilians, humanitarian aid, health and relief workers must cease immediately. The starvation of the civilian population is illegal under international humanitarian law.”    

Published 22 Mar 2024 08:57 PM

Russia Begins Voting As Ukraine Steps Up Border Attacks

Russia Begins Voting As Ukraine Steps Up Border Attacks

Officials in Moscow warned against any protests during the March 15-17 presidential vote, after calls from the opposition for anti-Putin demonstrations on Sunday.Russia began voting on Friday in an election set to prolong President Vladimir Putin's rule by six more years, as Kyiv branded the vote a "farce" and launched a barrage of deadly attacks on border regions. Officials in Moscow warned against any protests during the March 15-17 presidential vote, after calls from the opposition for anti-Putin demonstrations on Sunday. The Kremlin says the vote will show that the country is fully behind his assault on Ukraine and polling stations have been set up in Russian-held territories.Ahead of the election, Kyiv ramped up its aerial bombardment of Russian regions just across their shared border. The Russian National Guard said it was fighting off attacks from pro-Ukrainian militias in Kursk, the latest in a string of border clashes. "I am convinced: you realize what a difficult period our country is going through, what complex challenges we are facing in almost all areas," Putin said in an address to Russians on the eve of the vote. "And in order to continue to respond to them with dignity and successfully overcome difficulties, we need to continue to be united and self-confident." Polling stations opened in Russia's easternmost Kamchatka peninsula at 8:00 am local time on Friday and are set to close at 8:00 pm (1800 GMT) on Sunday in Kaliningrad -- a Russian exclave bordering Poland and Lithuania.All of Putin's major critics are dead, in prison or in exile, and authorities blocked the few genuine competitors who tried to stand in the contest. Alexei Navalny, Putin's most high-profile opponent over the last decade, died in February in an Arctic prison colony. He was serving 19 years for "extremism", a sentence widely seen as retribution for his campaigning against the Kremlin leader. Moscow prosecutors warned against protests during the election. "The organization of and participation in these mass events are punishable by virtue of the legislation in place," they said in a statement posted on Telegram. Navalny's widow, Yulia Navalnaya, has called for rallies outside polling stations on Sunday, the final day of voting. Kyiv has this week launched some of its most significant aerial attacks since the start of the two-year conflict. The governor of Russia's Belgorod region, Vyacheslav Gladkov, said that at least three separate waves of aerial attacks had killed two people, wounding several others. He accused Ukraine of trying to "sow panic, distrust, anger, and resentment, in order to break the unit of our society". Pro-Ukrainian paramilitaries also claimed to be escalating attacks and incursions in Russian border regions. In a joint statement, three pro-Kyiv volunteer groups -- claiming to consist of anti-Kremlin Russians who have taken up arms -- called on authorities to evacuate civilians from the regions of Belgorod and Kursk. "Civilians should not suffer from the war and any casualties in the process of fighting will be on the conscience" of the regions' governors, they added. Russia has denied militias' claims to have gained ground. The National Guard said its units had beaten back one such attack near the village of Tyotkino in Kursk. The defense ministry said it had fended off another by Ukrainian forces trying to enter Belgorod via the village of Spodariushino, without saying when the clash had happened.  

Published 22 Mar 2024 08:57 PM

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