India News & Trends

The Revanth government awarded Allu Arjun the Gaddar award months after he was arrested in the Pushpa 2 stampede case.

The Revanth government awarded Allu Arjun the Gaddar award months after he was arrested in the Pushpa 2 stampede case.

In relation to a case involving the death of a lady in a stampede at Hyderabad's Sandhya theater during the premiere of his film Pushpa 2, Arjun was taken into custody last December.Arjun will formally receive the first "Best Leading Actor" award at a later time for his role in the highly successful sequel Pushpa 2: The Rule, which brought in an estimated Rs 1,800 crore at the box office worldwide.Arjun's prize comes months after he was temporarily detained and arrested by Telangana police, who blamed him and others for the stampede that occurred on December 4 at the film's premiere at the Sandhya theater in this city. In the midst of controversy surrounding the death of 39-year-old M. Revathi in the stampede and the severe injuries sustained by her 9-year-old son, the arrest was announced on December 13. On the eve of the release, Arjun went to the renowned Sandhya theater to support his admirers, and Revathi's family of four attended to see the Pushpa-2 premiere event. As the opposition BRS and BJP denounced "the arrest of a national award winner," particularly the way it was executed, the police action took a political turn. In an X post at the time, Telangana BJP politician and Union Minister of State (MoS) for Home Affairs Bandi Sanjay wrote, "...lifting national award-winning actor Allu Arjun straight out of his bedroom without even giving him time to change is a disgraceful act of mismanagement and disrespect."The police action took a political turn when the opposition BRS and BJP condemned "the arrest of a national award winner," especially the manner in which it was carried out. Union Minister of State (MoS) for Home Affairs and Telangana BJP politician Bandi Sanjay remarked in an X post at the time, "...lifting national award-winning actor Allu Arjun straight out of his bedroom without even giving him time to change is a disgraceful act of mismanagement and disrespect."  

Published 31 May 2025 08:00 PM

In a High Court case, Adman Sandeep Goyal wants the government to control surrogate advertisements.

In a High Court case, Adman Sandeep Goyal wants the government to control surrogate advertisements.

In order to stop surrogate advertising, Sandeep Goyal has petitioned the Punjab and Haryana High Court for a government-led oversight agency. He contends that deceptive advertising of things that are prohibited, such as alcohol and tobacco, cannot be addressed by the self-regulation that is in place at the moment. By acknowledging the issue and sending letters to the appropriate authorities, the court has signaled the start of an important legal discussion over advertising control.The nation is experiencing a health catastrophe as a result of young people developing early alcohol and tobacco addictions. According to the petition, "it is argued that the commercials, which feature well-known celebrities to promote their product, not only encourage the use of alcohol and tobacco but also validate their use through the glamorous representation of these products. "The petition highlights how ineffectual the present self-regulatory frameworks—such as the Advertising Standards Council of India's (ASCI)—are at preventing deceptive advertising. Goyal demands a stronger regulatory framework run by the government to monitor advertising material.Goyal argues that current redressal procedures are not quick to offset the immediate effects of these advertisements, which continue to reach sizable audiences before any kind of regulation is implemented. Additionally, he cites Supreme Court and high court rulings advocating for more stringent regulatory monitoring in the advertising industry.  

Published 31 May 2025 07:43 PM

Neelam Kothari Soni, Masaba Gupta, Ratna Pathak Shah, and Rohan Joshi are also featured in the movie.

Neelam Kothari Soni, Masaba Gupta, Ratna Pathak Shah, and Rohan Joshi are also featured in the movie.

Neelam Kothari Soni, Masaba Gupta, Ratna Pathak Shah, and Rohan Joshi are also featured in the movie. For the impending End of Reason Sale (EORS), Myntra has released their newest ad, which features a gorgeous cast and a humorous twist.The story, which is set in a stylized living room, centers on a fictitious intervention that Johar's friends conduct, during which they first chastise him for using coupons to purchase. As each of them is ultimately influenced by the sale's offerings, the scenario swiftly becomes comical. With EORS scheduled to begin on May 31, the movie centers on Myntra's claims of the "Lowest Price Guaranteed" and cashback incentives."With each edition of EORS, our goal is not just to deliver unmatched value but to redefine how India experiences fashion," stated Kejal Parekh, Associate Director, Marketing, Myntra, while describing the intentions of the campaign. By bringing together well-known individuals in an entertaining and unusual atmosphere that reflects how our customers interact with fashion today, we wanted to achieve something genuinely novel for the 22nd edition.  

Published 27 May 2025 08:55 PM

Day 3 of Goafest 2025 ignites discussions on bravery, inventiveness, and the storytelling potential of AI.

Day 3 of Goafest 2025 ignites discussions on bravery, inventiveness, and the storytelling potential of AI.

As the curtains opened on Day 3 of Goafest 2025, the atmosphere was electric, promising another day of creativity, innovation, inspiration, and information exchange. Under the theme IGNITE HUNGAMA, Mahindra Auto & Mahindra Electric Origin SUVs, in collaboration with Bingo!, kicked off the day with an incredible performance by Indian playback artist Javed Ali.Youri Guerassimov, Chief Creative Officer and CEO of Marcel France, gave a keynote talk on "Creativity That Dares to Disrupt" to the audience following the riveting performance. YouTube used the theme IGNITE BRAVERY to deliver the keynote.Using daring initiatives such as Volvo's safety innovation and Nike's Colin Kaepernick ad, he demonstrated how businesses stand out when they exhibit boldness, whether it be strategic, activist, or designers. Real effect frequently comes from simplicity and intent, as demonstrated by Marcel's "Inglorious Fruits and Vegetables," which turned an in-store concept into a movement, and McDonald's simple billboard. Guerassimov came to the conclusion that bravery is an attitude rather than a financial plan. "Being a little uncomfortable" in advertising is frequently a sign that you are headed in the correct direction. He asserted that remorse endures much longer than fear.  

Published 23 May 2025 08:10 PM

N Venu is appointed Managing Director of Hitachi India.

N Venu is appointed Managing Director of Hitachi India.

According to Hitachi India, N Venu will take over as the company's new Managing Director (MD) on June 2, 2025. This significant change in leadership comes when Bharat Kaushal was promoted to Executive Chairman of Hitachi India, effective April 1, 2025.According to Hitachi India, N Venu will take over as the company's new Managing Director (MD) on June 2, 2025. This significant change in leadership comes when Bharat Kaushal was promoted to Executive Chairman of Hitachi India, effective April 1, 2025.The advancement of Bharat Kaushal Hitachi India's first Indian MD was Bharat Kaushal. He has now been elevated to Hitachi India's Executive Chairman position. He works for Hitachi Ltd. as a corporate officer as well. His guidance has been crucial to Hitachi's expansion in India. N Venu's Present Positions N Venu currently occupies significant positions inside the organization. He serves as both the region head for Hitachi Energy in South Asia and the managing director and CEO of Hitachi Energy India. He will assume the additional duty of serving as MD of Hitachi India starting in June 2025.Put Growth and Innovation First In his capacity as MD, N Venu will support Hitachi's growth in India. His objective is to back Hitachi's new management strategy, "Inspire 2027," which emphasizes innovation and growth via digital technology.  In order to increase value for customers, he would also try to unite the approximately 28 Hitachi group entities in India. The Vision of Hitachi for India India is a crucial business destination for Hitachi. The business is expanding in sectors like energy, digital services, railroads, financial inclusion, healthcare, and education. Venu's hiring demonstrates Hitachi's strong commitment to making India a significant component of its worldwide business, according to Bharat Kaushal.Venu's History and Accomplishments N Venu has worked for nearly 40 years. Since 2019, he has served as Hitachi Energy's leader in India, accelerating the company's expansion. In 2024–2025, he also held the position of Chairman of the Confederation of Indian Industry (CII) Karnataka Chapter. Venu attended NIT Warangal to study electrical engineering. He also attended the Indian School of Business (ISB) in Hyderabad, IIM Ahmedabad, and IMD in Switzerland to study management.  

Published 31 May 2025 08:01 PM

Karnataka Soaps & Detergents Limited (KSDL) has named Tamannaah Bhatia as a brand ambassador.

Karnataka Soaps & Detergents Limited (KSDL) has named Tamannaah Bhatia as a brand ambassador.

Actress Tamannaah Bhatia has been appointed as the brand ambassador for Karnataka Soaps & Detergents Limited (KSDL), a well-known state-owned enterprise, for a two-year term. The goal of this program is to increase KSDL's market reach in India and abroad while also increasing its visibility among younger consumers.Renowned actress Tamannaah Bhatia has been named the two-year brand ambassador for Karnataka Soaps & Detergents Limited (KSDL), a century-old state-owned company. This calculated action seeks to increase KSDL's appeal and exposure among younger consumers while broadening its national and international reach. On May 22, 2025, Karnataka's Large and Medium Industries Minister M.B. Patil made the news, emphasizing Tamannaah's widespread appeal and robust online presence throughout India. As KSDL starts a strategic transition to increase brand value, penetrate new markets, and connect with a younger, wider audience, this appointment comes at a critical juncture. With more than 28 million followers on social media and widespread popularity throughout India, Tamannaah is a perfect fit to embody KSDL's fusion of tradition and modern appeal. The action demonstrates KSDL's intention to use celebrity endorsements as a component of its larger marketing and growth plan.  

Published 27 May 2025 09:05 PM

The Manipur High Court's Chief Justice is Justice K. Somashekar.

The Manipur High Court's Chief Justice is Justice K. Somashekar.

The President of India has chosen Justice K. Somashekar, a former member of the Karnataka High Court, as the Chief Justice of the Manipur High Court. This ruling reflects the Supreme Court collegium's recommendation and comes after Justice D. Krishnakumar's planned retirement.The appointment of Justice Kempaiah Somashekar, a Karnataka High Court judge, as the new Chief Justice of the Manipur High Court is a noteworthy legal move. Chief Justice D. Krishnakumar will retire on May 21, 2025, and this appointment comes after his retirement. More than thirty years of judicial experience and legal service throughout Karnataka are brought to the table by Justice Somashekar. Only a few days after a Supreme Court collegium headed by Chief Justice of India B.R. Gavai endorsed his name, Justice K. Somashekar's promotion to Chief Justice of Manipur High Court was formally announced on May 20, 2025. The appointment and recommendation cover the void left by Chief Justice D. Krishnakumar's retirement.He added, "The President of India, after consulting with the Chief Justice of India, is pleased to appoint Justice Kempaiah Somashekar, Judge of the Karnataka High Court, as Chief Justice of the Manipur High Court in exercise of the power conferred by the Constitution of India." The appointment was made a few days after a three-member collegium led by Chief Justice B.R. Gavai recommended it due to incumbent Chief Justice D. Krishnakumar's May 21 retirement. In December of last year, Justice Krishnakumar was named chief justice of the High Court.  

Published 22 May 2025 04:29 PM

In a bureaucratic reorganization, Sanjeev Ranjan was appointed road transport secretary.

In a bureaucratic reorganization, Sanjeev Ranjan was appointed road transport secretary.

New Delhi: According to a personnel ministry order, senior IAS official Sanjeev Ranjan has been appointed secretary, Ministry of Road Transport and Highways (MoRTH), as part of a top-level bureaucratic reorganization carried out by the federal government. Ranjan is currently the chairman of the National Highways Authority of India (NHAI) and was a Tripura-bred IAS officer in 1985. He has been designated as a MoRTH officer on special duty.According to the decision, Yudhvir Singh Malik will be superannuated by the end of this month, and Ranjan will assume the position of MoRTH secretary on April 1, 2019. Ranjan will be replaced as the new head of the NHAI by Nagendra Nath Sinha. The National Highways and Infrastructure Development Corporation's managing director is N.N. Sinha. He will also continue to be in charge of this position.Rakesh Srivastava, who is scheduled to superannuate on March 31, will be replaced as secretary of the Ministry of Women and Child Development by Rabindra Panwar. Until Srivastava retires, Panwar, a special secretary and financial adviser in the Ministry of Home Affairs, will serve as OSD in the Ministry of Women and Child Development. Panwar will be replaced at the Home Ministry as special secretary and financial adviser by Bhupendra Singh, chairman of the National Authority for Chemical Weapons Convention.Anant Kumar Singh, who retires at the end of this month, will be replaced as secretary of the Department of Land Resources by senior bureaucrat Ruolkhumlein Buhril. Buhril is the secretary of the Home Ministry's Inter State Council Secretariat. He will assume the position of OSD at the Ministry of Rural Development's Department of Land Resources.The National Archives of India's director general will be P. Venkata Ramesh Babu, a senior IAS officer. Babu now serves as Rural Electrification Corporation Ltd.'s chairman and managing director. Rajni Sekhri Sibal, who is now an additional secretary in the Home Ministry, will serve as the secretary of the Ministry of Agriculture and Farmers Welfare's Department of Fisheries. The Medical Council of India has nominated Rakesh Kumar Vats as its secretary general. He currently serves as the Ministry of Health and Family Welfare's supplementary secretary and financial adviser.Vats will be replaced by Dharmendra S. Gangwar as the Ministry of Health and Family Welfare's additional secretary and financial adviser. Gangwar holds the same position in the Ministry of Culture. Braj Raj Sharma, a Jammu and Kashmir cadre IAS official, will serve as secretary of the Home Ministry's Department of Border Management. He works in the same department as the special secretary.  

Published 21 May 2025 05:32 PM

Box Office Early Update: Housefull 5 Nears ₹175 Crore Mark, Set to Overtake Raid 2

Box Office Early Update: Housefull 5 Nears ₹175 Crore Mark, Set to Overtake Raid 2

Akshay Kumar's Housefull 5 continues its steady performance at the box office. On its second Tuesday, the film benefited from discounted ticket prices — a strategy repeated by the makers to draw weekday audiences — resulting in a moderate increase in collections. According to early estimates, the film earned between ₹4 crore and ₹4.5 crore on day 12, marking a growth of 5–18% from Monday’s ₹3.8 crore. With these numbers, the film's total domestic collection is now expected to be in the range of ₹170.49 crore to ₹170.99 crore. At this pace, Housefull 5 is likely to surpass the lifetime earnings of Raid 2 (₹177.83 crore) within the next two days, positioning it as the second highest-grossing Bollywood film of 2025.   Housefull5 Directed by Tarun Mansukhani, the film has shown consistent performance since its release, and all eyes are now on whether it can maintain momentum heading into its third week.

Published 18 Jun 2025 07:48 AM

The Revanth government awarded Allu Arjun the Gaddar award months after he was arrested in the Pushpa 2 stampede case.

The Revanth government awarded Allu Arjun the Gaddar award months after he was arrested in the Pushpa 2 stampede case.

In relation to a case involving the death of a lady in a stampede at Hyderabad's Sandhya theater during the premiere of his film Pushpa 2, Arjun was taken into custody last December.Arjun will formally receive the first "Best Leading Actor" award at a later time for his role in the highly successful sequel Pushpa 2: The Rule, which brought in an estimated Rs 1,800 crore at the box office worldwide.Arjun's prize comes months after he was temporarily detained and arrested by Telangana police, who blamed him and others for the stampede that occurred on December 4 at the film's premiere at the Sandhya theater in this city. In the midst of controversy surrounding the death of 39-year-old M. Revathi in the stampede and the severe injuries sustained by her 9-year-old son, the arrest was announced on December 13. On the eve of the release, Arjun went to the renowned Sandhya theater to support his admirers, and Revathi's family of four attended to see the Pushpa-2 premiere event. As the opposition BRS and BJP denounced "the arrest of a national award winner," particularly the way it was executed, the police action took a political turn. In an X post at the time, Telangana BJP politician and Union Minister of State (MoS) for Home Affairs Bandi Sanjay wrote, "...lifting national award-winning actor Allu Arjun straight out of his bedroom without even giving him time to change is a disgraceful act of mismanagement and disrespect."The police action took a political turn when the opposition BRS and BJP condemned "the arrest of a national award winner," especially the manner in which it was carried out. Union Minister of State (MoS) for Home Affairs and Telangana BJP politician Bandi Sanjay remarked in an X post at the time, "...lifting national award-winning actor Allu Arjun straight out of his bedroom without even giving him time to change is a disgraceful act of mismanagement and disrespect."  

Published 31 May 2025 08:00 PM

PM Modi declares WAVES 2025 to be a worldwide celebration of creativity at the ideal moment to

PM Modi declares WAVES 2025 to be a worldwide celebration of creativity at the ideal moment to "create in India, create for the world."

At the WAVES summit on Thursday, May 1, 2025, Prime Minister Narendra Modi emphasized "creative responsibility," stating that we must protect the next generation from notions that are anti-human. He stated that as the world is searching for fresh approaches to storytelling, this is the ideal moment to "create in India, create for the world."At the Jio World Convention Centre in Mumbai, the Prime Minister opened the World Audio Visual and Entertainment Summit (WAVES) 2025, describing it as a transformative platform that brings together global innovators, storytellers, producers, and policymakers. Speaking in Mumbai at the @WAVESummitIndia. It showcases India's artistic prowess on a worldwide scale. This link: https://t.co/U4WQ4Ujv8q — May 1, 2025, Narendra Modi (@narendramodi)"Today, artists, innovators, investors, and policy makers from more than 100 nations have gathered under one roof," Mr. Modi said in a keynote speech to a crowded auditorium of international delegates from as many as 30 countries. We are establishing the groundwork for a worldwide talent and innovation ecosystem. Every artist and creative has access to WAVES, which is such a global platform.  

Published 27 May 2025 09:00 PM

At Cannes 2025, Aishwarya Rai Bachchan makes a stunning return, and admirers repost a message from ten years ago about Abhishek Bachchan's wife.

At Cannes 2025, Aishwarya Rai Bachchan makes a stunning return, and admirers repost a message from ten years ago about Abhishek Bachchan's wife.

Reports of Abhishek Bachchan and Aishwarya Rai's purported split date back to last year. But when she made her debut at Cannes 2025, showing off her sindoor, she responded to critics in an appropriate manner. Aishwarya Rai Bachchan once again stole the show at the 2025 Cannes Film Festival with an exquisite couture ensemble. Fans recalled a sentimental moment when images of her stunning appearance went viral on the internet: a tweet from her husband, Abhishek Bachchan, ten years prior, praising her beauty on the Cannes red carpet. The retro gave it a little moreFans were so enthralled with her appearance that they dug up Abhishek's May 21, 2014 tweet. He tweeted, "Nearly 52 hours without sleep!" after witnessing Aishwarya in a stunning gold Roberto Cavalli gown at the time. The Mrs. appears looking like this after closing her eyes! Okay, now keep your eyes wide open!Reminding people of Abhishek's love and admiration for Aishwarya, the old tweet went viral very fast. Fans responded warmly and nostalgically, applauding not only her style but also the enduring allure of Bollywood's most adored pair. This year, Aishwarya wore a unique gown named "Heiress of Clam," which was created by Gaurav Gupta. The dress blended a cosmic motif with aspects of Indian culture. It had flowing forms and was embellished with gold, silver, charcoal, and black hues, all of which sparkled with small glass crystals that brilliantly reflected the light.

Published 23 May 2025 08:17 PM

The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.

The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.

The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000.Tuesday, March 18, saw a 1.5% increase in the Indian stock market due to strong buying in the financial and metals sectors and outperformance by the overall market. The encouraging global cues also improved market sentiment. The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000. The NSE's NIFTY50 index closed 325.55 points, or 1.45%, higher at the 22,834.30 level, while the S&P BSE SENSEX closed at 75,301.26, up 1,131.31 points, or 1.53%. Out of the 3,016 equities that were traded on the NSE, 2,288 scrips rose, indicating that the market attitude continued in favor of bulls. At the end of the day, the smallcap and midcap indices both saw gains of nearly 2.8%. On Tuesday, all sectoral measures ended the day higher.Investors are also anticipating updates about tariffs and the US Fed's interest rate decision.  

Published 18 Mar 2025 06:09 PM

How have portfolio managers performed in terms of returns when comparing mutual funds and PMS?

How have portfolio managers performed in terms of returns when comparing mutual funds and PMS?

Current Market News Live Updates for Today: Watch the market wrap-up for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top winners and losers. See which sectors drove the growth (or drop) and how the US and Asian markets performed. Summary: For up-to-date information on your favorite businesses, follow Mint's market blog. This blog provides you with up-to-date information about global markets and Dalal Street.Late September 2024 saw the top of the Indian equity market, with many large-, mid-, and small-cap companies reaching all-time highs. But ever since, the market has been in a gloomy mood as investor morale has been affected by headwinds including high valuations, a slowdown in profitability, uncertainties around international trade, etc. As of February 21, 2025, the BSE Sensex has down 12.2%, the BSE Midcap has fallen 18.6%, and the BSE Smallcap index has fallen 20.5% from its peak.Based on 5-month returns, NAV decreases of 4–26% have been recorded for equity mutual funds across all categories as a result of the market's severe downturn.  

Published 01 Mar 2025 07:41 PM

Highlights of the Budget and Economic Survey: As the budget session starts, FM Nirmala Sitharaman presents the Indian economy report.

Highlights of the Budget and Economic Survey: As the budget session starts, FM Nirmala Sitharaman presents the Indian economy report.

Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey, which examines the Indian economy, governmental policies, and prospects for the future. It discusses socioeconomic problems including poverty and education as well as macroeconomic performance.Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to Parliament, which will include a thorough examination of the Indian economy with an emphasis on a few important areas. Economic Survey: What Is It? The Indian economy's performance, governmental policies, and prospects for the next fiscal year are all summarized in the Economic Survey. It is separated into two sections: Part A examines economic performance, focusing on fiscal trends and macroeconomic statistics, while Part B discusses socioeconomic concerns like poverty, education, climate change, and the prospects for GDP growth, inflation, and trade.The Economic Survey is created by whom? The Department of Economic Affairs' economic section, led by Chief Economic Advisor (CEA) V Anantha Nageswaran, prepares the Economic Survey. The Economic Survey will be presented by whom? One day prior to the budget speech, on January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to the Parliament.  

Published 31 Jan 2025 10:22 PM

Highlights of the Manappuram Finance share price: Manappuram Finance closed at ₹193.8 today, up 5.64% from ₹183.45 yesterday.

Highlights of the Manappuram Finance share price: Manappuram Finance closed at ₹193.8 today, up 5.64% from ₹183.45 yesterday.

Highlights of the Manappuram Finance Share Price: Manappuram Finance opened at ₹180.75 on the most recent trading day and ended the day marginally lower at ₹179.85. During the session, the stock hit a high of 186.25 and a low of 180.75. At a 52-week high of ₹230.25 and a low of ₹138.40, the firm has a market capitalization of ₹15,505.84 crore. 175,677 shares were traded on the BSE during the day.Lower open interest in Manappuram Finance and a higher futures price indicate that the current positive trend is waning and that the stock may top out here or begin a reversal in the days ahead. Live Updates for Manappuram Finance Share Price: The share price of Manappuram Finance ended the day at ₹193.8, which was 5.64% higher than its previous closing price. Important resistances to keep an eye on for the upcoming trading session are 198.03, 202.56, and 210.12. Key support levels, however, were located at 185.94, 178.38, and 173.85.Manappuram Finance Live Updates: The share price of Manappuram Finance is currently moving between the important support and resistance levels of ₹185.94 and ₹198.03 on a daily basis, with a current price of ₹193.8. We might anticipate another bearish action if it breaks over the ₹185.94 support level. However, there will be a bullish reaction if the price crosses 198.03.  

Published 17 Jan 2025 05:01 PM

To accelerate development, PM Modi calls on states to cooperate with the center.

To accelerate development, PM Modi calls on states to cooperate with the center.

Punjab laments "step motherly treatment," T.N. demands a larger portion of Central tax income, and the PM encourages States to create world-class tourism destinations and incorporate women into the workforce at the Niti Aayog Governing Council meeting.Some States, including Tamil Nadu and Punjab, complained to the Center while others offered proposals to accelerate their growth, despite Prime Minister Narendra Modi's call for the States to unite with the Center to accelerate national development.Prime Minister Narendra Modi made a strong case for cooperative federalism on Saturday, emphasizing the value of coordinated action between the federal government and the states. He said that no goal is impossible when India works as "Team India." The Prime Minister, who chaired the 10th meeting of Niti Aayog's Governing Council, emphasized the importance of accelerating development efforts in order to achieve a "Viksit Bharat" by 2047. The purpose of the gathering, which had as its topic "Viksit Rajya for Viksit Bharat@2047," was to synchronize national and state developmental goals. "Every Indian aspires to Viksit Bharat. Bharat will be Viksit once all the states are Viksit. Prime Minister Modi stated, "This is what its 140 crore citizens want."The chief ministers of every state, lieutenant governors of Union Territories, and a number of Union ministers make up the Governing Council, the highest authority within Niti Aayog. The Prime Minister promoted a bottom-up approach to development while serving as the council's head. "Our goal should be to make every state, city, Nagar Palika, and hamlet viksit. We won't have to wait till 2047 to achieve Viksit Bharat if we continue along these lines," he continued.He suggested that every state choose and create at least one internationally renowned tourism destination with all the amenities and infrastructure of today. "One State: One Worldwide Location." The Prime Minister pointed out that it will also result in the growth of nearby cities as tourism destinations.He called for an emphasis on creating "future-ready cities" with development driven by growth, innovation, and sustainability, acknowledging the rapid rate of urbanization in India. In addition, the Prime Minister emphasized the significance of boosting women's employment. He stated that in order for them to be politely included into the labor, rules and procedures must be created.  

Published 28 May 2025 07:55 PM

Why the Madhya Pradesh Congress has targeted Shivraj Chouhan's stronghold in order to implement changes

Why the Madhya Pradesh Congress has targeted Shivraj Chouhan's stronghold in order to implement changes

Beginning with the district of Vidisha, the Madhya Pradesh Congress has begun what it describes as its most comprehensive organizational reorganization exercise in decades. In order to restore the party's grassroots presence following a string of election setbacks in the state, the plan creates a new level of panchayat and ward-level committees.This new organizational model has chosen Vidisha as a test project, and if it works, it will be used in all 52 Madhya Pradesh districts. This is part of the state Congress's larger proposal to declare 2025 a year of "organizational renaissance."One and a half years have passed after the Congress' disastrous performance in the 2023 state Assembly elections, in which it only managed to get 66 of 230 seats. With 163 seats, the BJP won a resounding majority and was able to hold onto power for another term. Following this, the Congress was overwhelmingly defeated in the state's 2024 Lok Sabha elections, losing  29 seats—including the Vidisha seat—at the hands of the BJP.  

Published 27 May 2025 09:06 PM

Lower bond purchase amounts are accepted by RBI in the first FY26 OMO auction.

Lower bond purchase amounts are accepted by RBI in the first FY26 OMO auction.

Mumbai: Despite market participants' attempts to sell assets worth twice the publicized offer on the table, the Reserve Bank of India (RBI) accepted a lower-than-notified sum to buy bonds during its open market operations on Monday. This most likely means that the central bank is content with the liquidity as it stands right now.At this OMO, the RBI received bids totaling ₹19,203 crore, which was less than the ₹25,000 crore notified amount. Bids of ₹50,369 crore were received by RBI. The RBI has accepted a smaller amount in this first FY26 OMO auction. The actions taken by the RBI have improved system liquidity. The auction on Monday included government notes with maturities in 2029, 2032, 2033, 2034, and 2036. On Monday, the 10-year benchmark yield ended the day at 6.24%. "For the semi-liquid 20, the auction cut-off prices were nearly in line with market levels."It seems that the majority of HTM stock that might be sold in OMOs has either hit or is close to a limit. "Most banks are selective and don't have excess," stated Ritesh Bhusari, joint general manager of South Indian Bank.  

Published 20 May 2025 05:10 PM

Exclusive: As the BJP seeks caste balance in the AIADMK alliance, Annamalai may resign as TN chairman.

Exclusive: As the BJP seeks caste balance in the AIADMK alliance, Annamalai may resign as TN chairman.

"Delhi sees a bright future for him," the youthful Annamalai, whose assertive position on issues has given the BJP publicity in Tamil Nadu, if not political success thus far, was informed.As coalition negotiations between the parties pick up steam, K Annamalai, who is regarded as a major factor in the 2023 split between the AIADMK and BJP, may resign as head of the BJP Tamil Nadu. However, according to BJP sources, caste equations will be the reason rather than "punishment." The BJP does not want a Gounder to represent both the party and the AIADMK in the 2026 state elections if the parties run together. Edappadi K. Palaniswami, the leader of the AIADMK, shares Annamalai's heritage as a member of the powerful backward community and the Gounder-dominated western Kongu region. According to BJP insiders, the first official moves for a reconciliation between the BJP and AIADMK were taken when Annamalai met with Union Home Minister Amit Shah in Delhi shortly after Shah's meeting with Palaniswami."Delhi sees a bright future for him," the youthful Annamalai, whose combative approach to issues has given the BJP visibility in Tamil Nadu, if not political success thus far, was told. The leadership responded by saying that Annamalai was expected to trust the party and adhere to its strategy.It is thought that Annamalai declared her total allegiance to the party. According to a top BJP leader, "he expressed that he has no regrets about his dedication to the party and is even willing to work as a mere cadre." "Annamalai remains a key figure in the party's long-term strategy for Tamil Nadu, whether or not he leaves his position as state president," stated another politician. It is unclear if he will assume a national function or a different state job.  

Published 02 May 2025 09:50 PM

Is the 'Caveman Skincare Routine' a hoax in terms of hygiene?

Is the 'Caveman Skincare Routine' a hoax in terms of hygiene?

I'm a regular TikTok scroller (the four hours of screen time a day speaks for itself), and I've seen a ton of beauty films, from popular trends to amazing hacks that would put a Victorian kid in a coma. The caveman skincare method, however, may just take the biscuit—or perhaps I should say water—as the most talked-about topic on SkinTok lately.The 'Caveman Skincare Method' is the skincare regimen that TikTok creator Tia Zakher has lately described in a number of videos on the platform. "After 8 years of picking and over-exfoliating, I'm healing my skin barrier by doing the one thing I never tried before... absolutely nothing," Tia explains in a video that has received 9.7 million views. In other words, she has stopped using water in addition to all skincare products (I'm referring about moisturizer, exfoliant, and cleanser). Tia responded to Cosmopolitan UK's inquiry on why she chose to utilize the caveman skincare method by saying, "I decided to do it because I wanted to try a different approach and I do think it's working for me."  

Published 28 May 2025 07:49 PM

Doctors express an urgent warning that reels are now causing eye issues after

Doctors express an urgent warning that reels are now causing eye issues after "brain rot."

All age groups, but mainly children and young adults, are experiencing an increase in eye diseases as a result of excessive screen use, especially binge-watching reels on social media sites.Following worries about the effect of short-form films on mental health, medical professionals are now sounding the alarm about a brand-new, rapidly developing issue: "reel-induced eye damage."Across all age groups, excessive screen time—especially binge-watching reels on social media sites like Facebook, YouTube, Instagram, and TikTok—is contributing to an increase in eye diseases, particularly in children and young adults. Leading ophthalmologists discussed this at the Asia Pacific Academy of Ophthalmology and All India Ophthalmological Society's ongoing Joint Meeting, which took place Tuesday at the Yashobhoomi-India International Convention and Expo Centre.Dr. Lalit Verma, president of the Asia Pacific Academy of Ophthalmology (APAO) 2025 Congress, spoke sternly about the "silent epidemic of digital eye strain" brought on by prolonged screen time. "We are seeing a sharp increase in cases of dry eye syndrome, myopia progression, eye strain, and even early-onset squinting, especially in children who spend hours watching reels," he stated. "We recently had a student who came in complaining of blurred vision and ongoing eye irritation. Upon inspection, we discovered that his eyes were not shedding enough tears as a result of spending too much time at home viewing reels on a screen. He was given eye drops right away, and the doctor told him to observe the 20-20-20 rule, which calls for looking at anything 20 feet away for 20 seconds every 20 minutes.The president of the All India Ophthalmological Society and chairman of the organizing committee, Dr. Harbansh Lal, described the gravity of the situation.  

Published 17 Apr 2025 08:59 PM

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

Doctors express an urgent warning that reels are now causing eye issues after

Doctors express an urgent warning that reels are now causing eye issues after "brain rot."

All age groups, but mainly children and young adults, are experiencing an increase in eye diseases as a result of excessive screen use, especially binge-watching reels on social media sites.Following worries about the effect of short-form films on mental health, medical professionals are now sounding the alarm about a brand-new, rapidly developing issue: "reel-induced eye damage."Across all age groups, excessive screen time—especially binge-watching reels on social media sites like Facebook, YouTube, Instagram, and TikTok—is contributing to an increase in eye diseases, particularly in children and young adults. Leading ophthalmologists discussed this at the Asia Pacific Academy of Ophthalmology and All India Ophthalmological Society's ongoing Joint Meeting, which took place Tuesday at the Yashobhoomi-India International Convention and Expo Centre.Dr. Lalit Verma, president of the Asia Pacific Academy of Ophthalmology (APAO) 2025 Congress, spoke sternly about the "silent epidemic of digital eye strain" brought on by prolonged screen time. "We are seeing a sharp increase in cases of dry eye syndrome, myopia progression, eye strain, and even early-onset squinting, especially in children who spend hours watching reels," he stated. "We recently had a student who came in complaining of blurred vision and ongoing eye irritation. Upon inspection, we discovered that his eyes were not shedding enough tears as a result of spending too much time at home viewing reels on a screen. He was given eye drops right away, and the doctor told him to observe the 20-20-20 rule, which calls for looking at anything 20 feet away for 20 seconds every 20 minutes.The president of the All India Ophthalmological Society and chairman of the organizing committee, Dr. Harbansh Lal, described the gravity of the situation.  

Published 01 Apr 2025 09:40 PM

Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.

Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.

Returning to Lucknow for the first time since his unsatisfactory dismissal from the team, KL Rahul ended the game with a spectacular six to go undefeated in a run-chase with a 42-ball 57.On a night full of stories at Lucknow's Ekana Stadium, the Delhi Capitals won by 8 wickets in a 160-run chase, solidifying their status as this season's title contenders. KL Rahul, who is making his first appearance in Lucknow after his unsatisfactory dismissal from the team, ended the game with a spectacular six to go undefeated in a run chase with a 42-ball 57. In the twelfth over of their respective innings, LSG and DC both lost their second wicket. Axar Patel entered when a composed Abishek Porel collapsed. At this point, DC was only under a little pressure to take a few wickets, but it might have grown complicated because new batters take time to get comfortable. With two sixes over the midwicket zone, his favorite hit against spin, Axar took out Ravi Bishnoi in the very next over after Avesh Khan had dismissed him after four dot balls.In the following over, facing Avesh once more after being outscored by a few deliveries, he decided to take a chance and hit a four to try to clear the fielder at mid-off. The most impressive stroke came from Shardul Thakur, who took up a not-so-short ball with the weight still on his backfoot and sent it over long on for a six.  

Published 23 Apr 2025 08:56 PM

Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28:

Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28: "One person never takes the call."

Despite hitting 51 off 28 balls against the Delhi Capitals, Nitish Rana was left out of the Super Over lineup as the Rajasthan Royals entered with Hetmyer and Riyan Parag.Nitish Rana remained in the middle until the 18th over of the chase after smashing 51 off 28 balls. At the Arun Jaitely Stadium in New Delhi on Wednesday, the Rajasthan Royals sent neither batsman to bat despite Yashasvi Jaiswal's 51 off 37 balls in the Super Over against the Delhi Capitals. Eyes were rolling when Shimron Hetmyer and Riyan Parag came out to bat in the Super Over. Rana wasn't even on the list of the three batters for the Super Over, but Jaiswal was chosen to bat following a wicket fall.RR's choice proved to be a poor one as Mitchell Starc of DC cramped the Hetmyer for space with yorkers and the reverse swing, allowing him to begin the Super Over with a dot ball. The Australian bowler was hit for four after missing his mark on the next delivery, but he recovered with another low full toss in the third ball. A single was taken by Hetmyer.Starc's low full toss was hit by Riyan Parag over third man for a boundary, sometimes known as a no-ball. After it appeared that RR would easily reach 15 with three balls left, the game took yet another sharp turn. RR was bowled out for just 11 as Parag and Jaiswal were ran out in the following ball.KL Rahul and Tristian Stubbs smash two sixes in the first three balls of Sandeep Sharma's Super Over to give DC a historic victory, so the total was insufficient. Following the game, Nitish Rana stated that the decision to send Riyan Parag and Shimron Hetmyer instead of him for the Super Over was made by the RR management. Rana said he didn't have an alternative response, adding that if Hetmyer had hit a couple of sixes in the Super Over, the questions would have been different."The call is answered by management, not a single individual. Along with two other senior players and coaches, the captain is present. You wouldn't be asking this question if Shimron Hetmyer had hit two sixes. I'll respond with the same response. I have no other response. Every choice we made was the right one. Everyone knows that Hetmyer is our finisher. During the press conference, Rana stated, "He has previously delivered."  

Published 17 Apr 2025 09:05 PM

Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?

Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?

The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.  

Published 31 Mar 2025 08:23 PM

India's bold strategy aids in a quick T20 reconstruction

India's bold strategy aids in a quick T20 reconstruction

The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are  

Published 04 Feb 2025 04:28 PM

Muslim leaders in the Karnataka Congress resign as rage over the Dakshina Kannada killings intensifies

Muslim leaders in the Karnataka Congress resign as rage over the Dakshina Kannada killings intensifies

In further trouble for the beleaguered Karnataka Congress, a number of Muslim leaders resigned from their positions on Thursday, including KPCC general secretary M S Mohammed and minority wing president K K Shahul Hameed of Dakshina Kannada district. This was due to an increase in communal violence in Dakshina Kannada.In the most recent incidence, a friend and coworker were gravely hurt when Abdul Rahim was hacked to death in broad daylight on Tuesday in Bantwal, close to Mangalaru. The Home Ministry, led by G Parameshwara, has been accused by the Congress employees who resigned of not doing enough to stop intercommunal violence in the area.In protest of the government's alleged inability to stop the string of "communal murders" in the district and its marginalization of community leaders, a number of Muslim Congress leaders in Dakshina Kannada, ranging from booth-level to state-level, announced their resignations from their party positions on Thursday. Under the direction of M.S. Mohammed, general secretary of the Karnataka Pradesh Congress Committee, the statement was made at an emergency gathering of party workers held at Shadi Mahal in Bolara here. The leaders were compelled to announce their resignations by irate employees as they debated waiting a few more days for the government's response.Shahul Hameed, the president of the Congress's District Minority branch, informed party members that Chief Minister Siddaramaiah had contacted him to caution local leaders against making any snap choices. According to Mr. Hameed, the CM urged him to wait a little while longer and informed him that the matter had also reached the party high command.  

Published 31 May 2025 08:03 PM

To accelerate development, PM Modi calls on states to cooperate with the center.

To accelerate development, PM Modi calls on states to cooperate with the center.

Punjab laments "step motherly treatment," T.N. demands a larger portion of Central tax income, and the PM encourages States to create world-class tourism destinations and incorporate women into the workforce at the Niti Aayog Governing Council meeting.Some States, including Tamil Nadu and Punjab, complained to the Center while others offered proposals to accelerate their growth, despite Prime Minister Narendra Modi's call for the States to unite with the Center to accelerate national development.Prime Minister Narendra Modi made a strong case for cooperative federalism on Saturday, emphasizing the value of coordinated action between the federal government and the states. He said that no goal is impossible when India works as "Team India." The Prime Minister, who chaired the 10th meeting of Niti Aayog's Governing Council, emphasized the importance of accelerating development efforts in order to achieve a "Viksit Bharat" by 2047. The purpose of the gathering, which had as its topic "Viksit Rajya for Viksit Bharat@2047," was to synchronize national and state developmental goals. "Every Indian aspires to Viksit Bharat. Bharat will be Viksit once all the states are Viksit. Prime Minister Modi stated, "This is what its 140 crore citizens want."The chief ministers of every state, lieutenant governors of Union Territories, and a number of Union ministers make up the Governing Council, the highest authority within Niti Aayog. The Prime Minister promoted a bottom-up approach to development while serving as the council's head. "Our goal should be to make every state, city, Nagar Palika, and hamlet viksit. We won't have to wait till 2047 to achieve Viksit Bharat if we continue along these lines," he continued.He suggested that every state choose and create at least one internationally renowned tourism destination with all the amenities and infrastructure of today. "One State: One Worldwide Location." The Prime Minister pointed out that it will also result in the growth of nearby cities as tourism destinations.He called for an emphasis on creating "future-ready cities" with development driven by growth, innovation, and sustainability, acknowledging the rapid rate of urbanization in India. In addition, the Prime Minister emphasized the significance of boosting women's employment. He stated that in order for them to be politely included into the labor, rules and procedures must be created.  

Published 28 May 2025 07:55 PM

Why the Madhya Pradesh Congress has targeted Shivraj Chouhan's stronghold in order to implement changes

Why the Madhya Pradesh Congress has targeted Shivraj Chouhan's stronghold in order to implement changes

Beginning with the district of Vidisha, the Madhya Pradesh Congress has begun what it describes as its most comprehensive organizational reorganization exercise in decades. In order to restore the party's grassroots presence following a string of election setbacks in the state, the plan creates a new level of panchayat and ward-level committees.This new organizational model has chosen Vidisha as a test project, and if it works, it will be used in all 52 Madhya Pradesh districts. This is part of the state Congress's larger proposal to declare 2025 a year of "organizational renaissance."One and a half years have passed after the Congress' disastrous performance in the 2023 state Assembly elections, in which it only managed to get 66 of 230 seats. With 163 seats, the BJP won a resounding majority and was able to hold onto power for another term. Following this, the Congress was overwhelmingly defeated in the state's 2024 Lok Sabha elections, losing  29 seats—including the Vidisha seat—at the hands of the BJP.  

Published 27 May 2025 09:06 PM

What is wrong with Gujarat's Congress absent leadership, frontal groups for demoralized employees, and  links to the BJP

What is wrong with Gujarat's Congress absent leadership, frontal groups for demoralized employees, and links to the BJP

Congress activists in Gujarat were "demoralized" by the national party leadership's lack of participation in state unit matters and the alleged collusion of certain state party leaders with the BJP. In their reports to the party high command, the observers from the All India Congress Committee (AICC), who were sent to supervise the selection of the presidents of the District Congress Committees (DCCs) throughout Gujarat, have raised some of these issues. A five-member panel consisting of an AICC observer and four Gujarat Pradesh Congress Committee (GPCC) observers was assigned to supervise the changes and guarantee the smooth operation of the DCCs in all 41 districts of Gujarat, a state where the party has been out of power for 30 years, as part of the AICC leadership's pilot project, which is reportedly the brainchild of Leader of the Opposition in the Lok Sabha Rahul Gandhi.  

Published 21 May 2025 05:41 PM

Events

Gadgets Trend

All Trending News in India

Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?

Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?

Domestic brokerage firm Religare Broking has picked Axis Bank as its stock pick of the month for March 2024 with a potential upside seen around 10 per cent. Shares of Axis Bank were on an uptrend and gained around three per cent today as Nifty 50 hit a fresh lifetime high of 22,353.30 on strong macroeconomic indicators.On Friday, March 1, shares of Axis Bank opened at ₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Shares of Axis Bank settled 2.20 per cent higher at ₹1,099.35 apiece on the BSE. At a current market price (CMP) of ₹1,085, Religare sees a potential upside of 10 per cent on Axis Bank stock at a target price of ₹1,185 from an initiation range of ₹1,080-1,085 and a stop loss of ₹1,030. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue. ‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 weekly EMA which also coincides with rising support trend line,'' said Religare Broking. Following the price action and uptick in volumes indicates the stock to resume its prevailing trend and inch higher to surpass its previous swing high, according to the brokerage. The stock gained marginally (around three per cent) in the previous series with reduction of eight per cent open interest (OI). 98 per cent of the open positions rolled which is same with respect to previously. ‘’OI of 82k contracts as against 89k previously. Decent cash based buying also seen in last three days of February series. With fresh cash accumulation and shorts being trapped, it may witness good short covering,'' said Religare Broking. The bank's net interest income (NII) in the third quarter at ₹12,532, crore, which rose by nine per cent - almost in line with the market estimate of ₹12,555 crore. NII is the difference between interest earned by a bank through loans and interest it pays to depositors. Meanwhile, the net interest margin (NIM) stood at 4.01 percent for the quarter ended on December 31, 2023. Net Interest Margin refers to the difference between the interest income earned and the interest disbursed by a bank in relation to its interest-generating assets such as cash.    

Published 01 Mar 2024 09:35 PM

Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why

Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why

Shares of One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga.In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier). The new target indicates an over 25 percent potential upside. "Paytm's share price has derated significantly post RBI regulatory action and the stock is trading at 1.5x EV to one-year forward consensus sales, nearly an 80 percent discount to its Indian internet peers. Our ₹510 price target implies a 2.4x EV to FY25E sales, which is still a 70 percent discount to Indian internet peers. We believe this is justified as Paytm's growth profile is now much weaker at an 8 percent expected revenue CAGR over FY24-26E, versus Indian peers at a much higher 27 percent. Additionally, Paytm's re-rating potential based on its profitability improvement is now also pushed out and the company's margin profile is much weaker than peers. Furthermore, the loss of investor confidence based on the regulatory action is unlikely to change in a hurry. We believe only sustained execution in the coming quarters can re-build investor confidence which would drive a re-rating," explained the brokerage. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, citing large-scale non-compliance with regulations and supervisory concerns. In the latest update, the Reserve Bank of India clarified that non-Paytm Payments Bank Limited (PPBL) linked merchants (85 percent of the total) can continue to function as normal and gave a 15-day extension till 15th March for most PPBL-linked activities. RBI also informed that @paytm UPI handles can be migrated to banks after approval from NPCI. This implies key linkages between Paytm and PPBL will be transferred to other banks via Paytm and also clears the way for Paytm to function as third-party app provider (TPAP), similar to its competitors PhonePe and Google Pay, once NPCI provides approval for the same. Following RBI's latest update, the anticipated negative impacts on Paytm have been alleviated to a considerable extent. Paytm is poised to retain a significant portion of its customer and merchant base pending certain approvals from the National Payments Corporation of India (NPCI). However, UBS anticipates a churn of 15-20 percent in merchants, customers, and devices in Q4 compared to Q3 levels, accompanied by a steep decline of around 60 percent quarter-on-quarter in loan origination. Additionally, it foresees a challenging FY25 with a projected 2 percent revenue decline, attributed to the loss in the wallet business and gradual normalisation in payments and loan origination activities. To regain lost customers, Paytm is expected to escalate its marketing expenditure, leading to heightened EBITDA losses in FY25, consequently prompting adjustments in its EPS estimates.    

Published 01 Mar 2024 09:35 PM

Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?

Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?

Nifty on Wednesday could not sustain early gains and saw heavy selling, as it closed below the psychological mark of 22,000 for the time since February 15. The index formed a Bearish Engulfing pattern on the daily chart, which has a negative connotation.   The silver lining was the index somehow managed to settle above its 21-day EMA on a closing basis. If the index stays below 22,000 level, chances are it may revisit 19,850-800 level, analysts said.“The index dropped below the 22,000 mark, indicating a growing weakness. Nevertheless, it managed to close just above the 21EMA on the daily timeframe. Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term,” said Rupak De, Senior Technical Analyst at LKP Securities. For the day, the 50-pack index closed at 21,951.15, down 247.20 points or 1.11 per cent. A sustained Nifty trade above 21,950 might spur a recovery in the index towards 22,100, De added. With the Bearish Engulfing candle, Nifty has given up all the gains of the previous week, said Chandan Taparia of Motilal Oswal Securities. This analyst believes that were the index say below 22000, weakness could be seen towards 21,850, followed by 21,700 levels. Resistances are seen at 22,150 and 22,222 levels, he said.atin Gedia – Technical Research Analyst at Sharekhan said that the index has reached its 20-day moving average of 21,944. He said the broad range of 21,800-22,300 still has not been breached. "The daily as well as hourly momentum indicators have a negative crossover, which  is a sell signal. But prices are still in a range and, hence, a decisive breach below 21,875 i.e. the previous swing low is required to validate the change of trend. The Index is around the crucial support zone 21,900, which is likely to act as a make-or-break level from short term perspective," Gedia said.  

Published 01 Mar 2024 09:34 PM

Info Edges Naukri and 99acres taken down from Google Play Store

Info Edges Naukri and 99acres taken down from Google Play Store

Google Play Store has removed Info Edge's Naukri and 99acres applications due to non-compliance with the tech giant's app billing policy for an extended period, according to Info Edge founder Sanjeev Bikchandani. The move is part of Google's broader initiative to eliminate apps from Indian developers that fail to adhere to its billing policies, reported Moneycontrol. JeevanSathi, the company's matrimony business, remains accessible on the Play Store as of the latest update. Despite complying with Google's app policies since February 9, following an interim order from the Supreme Court related to a case against Google's app billing policy, Naukri and 99acres, owned by Info Edge, have been removed from the Google Play Store. Sanjeev Bikchandani, founder of Info Edge, confirmed that all dues to Google have been paid promptly. The delisting appears to be a consequence of Google's ongoing efforts to enforce its app billing policy for Indian developers. Meanwhile, the Internet and Mobile Association of India (IAMAI) has issued a strong advisory to Google, urging the tech giant to abstain from delisting apps owned by Indian companies from its Play Store platform. This plea follows notices from Google, putting at least four Indian firms at risk of removal from the digital marketplace.  

Published 01 Mar 2024 09:33 PM

Infosys executive says AI will directly impact jobs, companies will hire fewer employees in future

Infosys executive says AI will directly impact jobs, companies will hire fewer employees in future

Ever since OpenAI introduced the world to ChatGPT in 2022, interest in generative AI has reached new heights. While some people feel that the emerging technology will prove to be beneficial for people and aid them in their day-to-day lives, there is another section of people who have been saying that it will take away human jobs. And an Infosys senior executive believes that generative AI will lead to decreased headcount in organisations. In other words, companies will be hiring fewer employees in the future thanks to AI.Satish H C, executive vice-president and co-head (delivery), said according to a Business Standard report, that because of new technologies like generative AI (artificial intelligence), companies will need fewer employees in the future. He added that this shift will happen gradually over the next three to five years. He further explained that as companies start using advanced technologies like generative AI more, they'll become more efficient, and that means they won't need as many people for traditional jobs. In simple terms, as technology becomes more important, companies might hire fewer people in the future, and this shift is expected to happen slowly over the next few years. In another interview with Reuters, the Infosys senior executive had said that the company was also turning out to be "AI first." He had said, "At Infosys, I don't think we were digital first. It took us a few years, but now that we have the hindsight of how we adapted to digital, we are adapting to AI much better and I think we are going AI first," he said.A few companies have already started replacing some of their human workforce with AI. One such company that recently made headlines for its automation success is Klarna, a Swedish financial technology company. The company revealed recently that its AI assistant has taken on the work that 700 employees used to do. This news comes a year after the company fired approximately a similar number of employees. The company had also faced massive criticism for the same. When Klarna faced staff reductions, CEO Sebastian Siemiatkowski pointed to economic uncertainties, worries about inflation, and the potential for an upcoming recession as reasons for the decision. Siemiatkowski had also received criticism for his handling of the situation, especially when he posted a spreadsheet on LinkedIn that listed the names of many laid-off employees. In response to questions from Fast Company about how the AI assistant's productivity in human terms was calculated, Klarna clarified that this metric had no connection to the earlier staff reductions.  

Published 01 Mar 2024 09:33 PM

Phone with 28,000mAh battery showcased, Energizer says it can last for a week

Phone with 28,000mAh battery showcased, Energizer says it can last for a week

While I saw a lot of innovative devices at this year's MWC 2024 tech show, the thing that I was not expecting to see here is a smartphone with a whopping 28,000mAh battery under the hood. Well, I think you might be as surprised as I was after finding out about it. Moreover, this one even has a rugged build quality and the company is claiming that it is shockproof as well as waterproof too. At MWC 2024, Avenir Telecom showcased it as an Energizer Hard Case P28K device.It is like any other traditional smartphone in the market, but with a much bigger battery and good build quality. It seems the device might not be for a regular consumer because it is very bulky and almost feels like holding a big stone in hand. But, it is a perfect device for workers, maybe, who work in places like mining and more. The smartphone won't die soon and will last for a week, something that they might want to have. It will also not get damaged because of water - all thanks to its support for IP69 rating. I do believe that its robust battery capacity comes at a cost in terms of size and weight. Weighing 570g and measuring 27.8mm thick, it's substantially bulkier than conventional smartphones. Nevertheless, it supports fast charging up to 33W, allowing for a full charge in under an hour and a half. The device runs on Android and has all the Google apps as well. Marketed as the ultimate endurance phone, this device promises an entire week of regular usage and with an IP69 rating, the company is ensuring durability in harsh environments. With talk time rated at 122 hours and standby time extending up to 2252 hours, it seems like a dependable companion for extended periods without access to charging points. In terms of specifications, the P28K offers entry-level features with no 5G support and a MediaTek MT6789 processor. It includes 8GB of RAM, 256GB of storage, a trio of rear cameras, Android 14, and a 6.78-inch 1080p LCD display. Avenir Telecom plans to launch the Energizer Hard Case P28K in October 2024, priced at EUR 249.99, targeting global markets excluding the US. While it may not appeal to those seeking sleek designs or cutting-edge performance, the P28K caters to a niche audience prioritizing endurance and reliability in their mobile devices.  

Published 01 Mar 2024 09:32 PM

Advertisement rates may see correction following Disney-Reliance merger

Advertisement rates may see correction following Disney-Reliance merger

While the Disney-Reliance  merger will rejig ad rates, experts are unsure if this is necessarily a bad thing. Advertisers are worried that the merged-co would rack up ad rates indiscriminately, especially as they wield a monopoly in live sports and linear programming. However, others argue that this is necessary course correction as far as pricing is concerned. Especially as the current ad rates are deemed too low to recover content costs for broadcasters and streaming firms. Right after the merger was announced, a report by UBS predicted that ad rates will rise by 20-25 per cent across the board. “Bargaining power of the broadcasters (now fewer and larger) would increase at the cost of the advertisers. There would also likely be some rationalization in content costs as well, leading to industry-level margin improvement,” analysts at UBS said in a note. Reacting to the merger, international advertising firm dentsu emphasised the need for 2-3 strong players in the media market to keep ad rates in check. “For the advertising and marketing sector, this presents a dual prospect of opportunities and challenges. On the positive side, it unlocks fresh possibilities for crafting and deploying innovative and compelling campaigns across an extensive and diverse portfolio of channels and platforms, providing us with extensive reach. However, it also heightens competition and enhances the negotiating power of the newly merged entity, enabling it to exert greater control over pricing and inventory. I hope that in the coming years, the merger achieves a balanced outcome. It’s crucial to maintain two or three major players in the market to foster a healthy and competitive environment, which ultimately should serve the end consumer,”  Harsha Razdan, CEO, South Asia, dentsu, explained. On the streaming front, a Disney-Reliance merged co might not necessarily wield a definitive monopoly, as Netflix and Amazon Prime will be able to hold their own against the merged entity. But the same cannot be said about live sports and linear programming according to Santosh N, Managing Partner at D&P Advisory. “Ad rates will certainly go up for sports and linear TV, but that might not necessarily be a bad thing. Moreover, Disney-Reliance cannot increase the rates indiscriminately, especially because advertisers will simply opt out, given that they have many alternative mediums for advertising.” “The coming together of Reliance and Disney will create a very large and dominant player on the supply side. But we conveniently forget that the demand side has always had a very large and dominant Group M with a 50%+ market share. So a strong media entity will now balance the scales. Interesting times ahead!,” Sandeep Goyal, Chairman, Rediffusion, said.      

Published 01 Mar 2024 09:31 PM

Uday Shankar to be VC of merged Reliance-Disney media business: Report

Uday Shankar to be VC of merged Reliance-Disney media business: Report

Former Walt Disney executive Uday Shankar will be named as vice chairman of the board following a merger between the India media assets of Reliance Industries and Disney, two sources familiar with the matter told Reuters.Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity, Reuters reported in February. Reliance and Disney each have a streaming service and 120 television channels between them and the deal is expected to strengthen Reliance's hold over India's $28 billion media and entertainment market. Reuters on Tuesday reported that the new entity is likely to have Nita Ambani, wife of Indian billionaire Mukesh Ambani, as chair of the board.  

Published 01 Mar 2024 09:31 PM

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement. For Disney, the merger follows its long-drawn struggle to arrest a user exodus from its bleeding India streaming business and financial strain caused by billions of dollars in Indian cricket rights payments, in another example how foreign businesses can struggle to grow in India.  The merger values the India business of the US entertainment giant at just around a quarter of the $15 billion valuation when Disney acquired it as part of its Fox deal in 2019, sources have said.The companies said the transaction values the merged venture at around $8.5 billion on a post-money basis. They did not explain how they arrived at such valuation.  Together, the Reliance-Disney merged entity will have 120 TV channels and two streaming platforms, helping Ambani eclipse rivals such as Japan's Sony, India's Zee Entertainment and Netflix in the country's $28 billion media and entertainment sector. Reliance said Nita Ambani, wife of Reliance boss Mukesh Ambani, would chair the board of the combined entity, and former top Disney executive Uday Shankar would serve as vice chair.  "The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India, bringing together iconic media assets across entertainment," the companies said in a joint statement. The deal comes when Disney is facing pressure globally to streamline its businesses. Bob Iger returned as Disney chief executive in November 2022, less than a year after he retired, and has since restructured the company to make the business more cost effective.    

Published 01 Mar 2024 09:30 PM

Jackky Bhagnani and Rakul Preet Singh, recent brides, visit the Golden Temple

Jackky Bhagnani and Rakul Preet Singh, recent brides, visit the Golden Temple

Jackky Bhagnani and Rakul Preet Singh are newlyweds; please don't bother them. They're in Punjab visiting Rakul's parents and having a great time. You might wonder how we know. Rakul has posted photos to Instagram Stories from their trip. Along with her parents, the actress visited the Golden Temple in Amritsar. Rakul and Jackky can be seen grinning at the camera in the picture. Keep an eye out for the stunning temple in the distance. Rakul chose a yellow suit for their outing. Jackky matched her outfit with a red kurta and white pants. "Blessed" is what Rakul wrote alongside the picture. She also shared an emoji of a red heart and folded hands. On February 21, the couple wed in a picturesque beach ceremony in Goa.On Instagram, Rakul Preet Singh has been posting pictures from her dream wedding. She posted a number of images from their haldi ceremony on Thursday. The actress captioned the photo, "Love and laughter."

Published 01 Mar 2024 09:10 PM

In Kolkata, Mamata Banerjee meets with PM Modi

In Kolkata, Mamata Banerjee meets with PM Modi

"Following protocol, West Bengal Chief Minister Mamata Banerjee described her interaction with Prime Minister Narendra Modi at the Raj Bhavan on Friday night as a courtesy meeting. According to Banerjee, she also discussed with the PM the matter of the state's unpaid bills.   ""In addition to chatting with the prime minister, I brought up state-related issues with him,"" Banerjee told reporters following the meeting.Beginning on Friday, PM Modi will spend the night at Raj Bhavan while on a two-day tour of West Bengal.   The prime minister arrived at the governor's house shortly after Banerjee's convoy pulled in. Governor C V Ananda Bose took to X and said he met the PM at the Raj Bhavan. Earlier in the day, Bose had also attended the prime minister's official program at Arambagh, where Modi dedicated, inaugurated, and laid the groundwork for several development projects totaling more than ₹ 7,200 crore.Banerjee met with Prime Minister Modi in New Delhi in December of last year to demand the release of the state's outstanding debt.   The TMC claimed that West Bengal owed the Center ₹ 1.18 lakh crore. According to the Union government, two tranches of tax devolution were released to all states on Thursday. West Bengal received ₹ 10,692 crore, which is the fourth-highest amount after Uttar Pradesh, Bihar, and Madhya Pradesh.   On Monday, the state government started paying over 30 lakh MGNREGA workers their outstanding debt of ₹ 2,700 crore, which had been unpaid since March 2022."  

Published 01 Mar 2024 09:04 PM

Ranchi Test Star To Jammu Tearaway: BCCI List For Quick-Bowling Contracts

Ranchi Test Star To Jammu Tearaway: BCCI List For Quick-Bowling Contracts

The Board of Control for Cricket in India (BCCI) has awarded retainership contracts to a select group of rising Indian speedsters, including highly-rated Karnataka pacer Vidwath Kaverappa, Bengal speedster Akash Deep, who made his Test debut in Ranchi during the current red-ball series against England, and tearaway Umran Malik. As part of a carefully selected group for fast bowling contracts, the BCCI on Wednesday selected promising speedsters Akash Deep, Vijaykumar Vyshak, Umran Malik, Yash Dayal, and Vidwath Kaverappa. Cricket's highest governing body, the BCCI, announced in an official statement on Wednesday that "the Selection Committee has also recommended Fast Bowling contracts for the following athletes - Akash Deep, Vijaykumar Vyshak, Umran Malik, Yash Dayal, and Vidwath Kaverappa." Umran Malik made his limited-overs debut for India after he lit up the speedometer during his breakout season in the Indian Premier League (IPL) for the Sunrisers Hyderabad, reaching speeds of more than 150 kmph. But Umran lost favour with the national selectors after posting mediocre results in his limited-overs cricket career for India. In the current Ranji season, the 24-year-old Jammu boy has struggled, taking just four wickets in five games for Jammu and Kashmir.

Published 01 Mar 2024 10:36 AM

Newsletter

Subscribe our newsletter to stay updated every moment