Most Read Business News
Last updated on 29 Aug,2024 10:28 PM
Refresh
Refresh- Recession coming soon? Jim Rogers says next market crash will be the worst, holds cashThere are major chances of recession hitting the American markets, according to revelations by Jim Rogers in early August. Rogers has predicted already that the next market crash could be the worst one in recent times, and he is extremely worried about what's going to happen next.
- 'Y Chromosomes Are Shrinking': New study suggests a 'sex gene war', similar to what happened with spiny ratsResearchers confirmed that the Y chromosome, crucial for male sex determination, is progressively shrinking and might disappear within millions of years. This could result in only females being born or the evolution of new sex-determining genes, potentially leading to the formation of different human species in various regions.
- Seven reasons why you should never retireThe opportunity to get out of the house and engage in another economic activity enables learning and staying updated. Research shows that the seniors who continue to work after retirement are more technologically savvy, can travel independently, protect themselves from scams and frauds, and remain resourceful about how to get things done.
- Wednesday season 2 release date: When will Netflix's all-time most-watched series premiere?Wednesday season 2 release date on Netflix has become a topic of curiosity.
- World's most dangerous countries in 2024In 2024, severe conflicts and instability continue to plague several regions, marking Yemen, Sudan, South Sudan, Afghanistan, and Ukraine as some of the most dangerous countries. The Global Peace Index highlights these nations for their extreme violence, humanitarian crises, and infrastructure destruction.
- Cabinet approves 12 industrial smart cities with an outlay of Rs 28,602 crThe Union Cabinet has approved 12 new industrial smart cities across various states, with a budget of Rs 28,602 crore to enhance domestic manufacturing. These cities aim to create jobs, attract investments, and support India's role in global value chains by offering robust infrastructure and ready-to-allot land for investors.
- Are Blake Lively and Ryan Reynolds making a Hollywood exit amid ‘It Ends With Us’ controversies?Following the box office success of It Ends With Us, Blake Lively has become the center of public attention, not only for her acting but also due to the controversies surrounding her role in the romantic drama.
- Pakistan-based terrorist asks followers to derail trains in Delhi, Mumbai; video goes viral on TelegramA video was released on Telegram by Pakistan-based terrorist Farhatullah Ghori, urging his followers to cause train derailments in major Indian cities such as Delhi and Mumbai, reports TOI. Ghori, who is wanted by Indian intelligence, called for attacks on India's infrastructure, targeting supply chains, petrol pipelines, transport systems, and railway lines.
- Missing Malaysian Airlines Flight MH370, which vanished without a trace, may have been foundAn Australian scientist claims to have located Malaysian Airlines flight MH370, which disappeared in March 2014. He suggests that the aircraft is in a trench at the eastern end of the Broken Ridge in the Southern Indian Ocean. The scientist believes the previous search efforts failed due to overlooking this critical area.
- First double-decker flyover with metro viaduct in Mumbai metropolitan region opens to trafficMumbai's first double-decker flyover connecting Metro Line 9 has been inaugurated by Chief Minister Eknath Shinde. The one-km flyover in Mira Bhayandar aims to ease traffic and reduce travel time. This modern infrastructure includes separate levels for metro and road transport, promising better traffic flow and commuter comfort.
- Apple plants may yield 600,000 jobs in India by MarchApple's Indian workforce will comprise 200,000 direct jobs being created by March-end with women making up a dominant 70%, according to estimates and data submitted by the company as well as its suppliers to the government.
- Mpox virus mutating very fast, scientists finding hard to track the new strain: What you need to knowMpox virus Updates: A new strain of the mpox virus, clade Ib, has emerged from Congo, evolving quickly and spreading rapidly among humans. Scientists expressed concerns over its transmission patterns and severity, especially due to limited resources in African laboratories. The WHO has declared another health emergency as a result.
- How Canadian dream has turned into a gamble for Indian studentsCanada's pathway to permanent residency for international students and temporary foreign workers, especially from Punjab, is facing disruptions due to unemployment and economic issues. Protests have erupted as the government caps foreign worker numbers, affecting students and workers seeking permanent residency.
- Cabinet approves three railway track projects worth Rs 6,456 croresThe Union Cabinet has approved two new railway lines and one multi-tracking project worth Rs 6,456 crores, spanning Odisha, Jharkhand, West Bengal, and Chhattisgarh. These projects will boost logistical efficiency, increase freight traffic by 45 MTPA, and provide improved connectivity to around 30 lakh people in 1,300 villages.
- Reliance AGM: 2 big bangs and other issues that loom over RIL AGMReliance Industries' Annual General Meeting, scheduled for August 29, is highly anticipated. Investors are keen on updates regarding IPOs for Jio and retail businesses, along with announcements on the new energy sector. Key focus areas include earnings growth, operational efficiencies, and financial strategies that mark a significant transition phase for the conglomerate.
- Disney-Reliance's $8.5 bn merger gets CCI approval; here's a look at breakdown of assetsWalt Disney Co and Reliance Industries have received approval from the Competition Commission of India for an $8.5 billion merger of their Indian media assets. This deal will create India's largest entertainment company, combining a wide range of television channels and streaming services, including extensive sports rights and diverse content libraries.
- After Hyundai, now LG: Why Korean chaebols are sold on Indian marketBoth Hyundai and LG view India as a crucial growth market. Hyundai expects the listing of equity shares in India "will enhance our visibility and brand image," and "provide liquidity and a public market" for the shares. LG aims to tap into the booming stock market to help achieve its target of $75 billion in electronics revenue by 2030.
- To address performance issues, Tata Motors to buy EV batteries from Chinese co: ReportTata Motors will source battery packs for its electric vehicles from China’s Octillion Power Systems. The Indian automaker already offers several EV models and plans to introduce more. Despite a dip in EV sales, Tata Motors controls 68% of the market. Recently, the company joined the top ten most valued global automotive firms.
- ITR not processed, income tax refund pending? I-T dept can legally take till end of 2025 to process itIncome tax refund pending: If income tax department does not process the income tax return (ITR), the taxpayer will not get their income tax refund dues (if any). The income tax laws mandate the deadline by which the income tax department must process the tax return. Read on to know the due date for the same.
- Yes Bank sacks senior exec Amit SurekaAs per Sureka’s LinkedIn profile, he joined the lender in 2005 in its financial markets division. He was elevated to group president in October 2016. For the last four years, he was the head of treasury. Before joining Yes Bank, Sureka had worked with ICICI Bank for three years. Sureka is a chartered accountant from the Institute of Chartered Accountants of India.
- Southern states look to outfox each other in hunt for a Foxconn ‘city’Taiwanese electronics manufacturer Foxconn is being offered 2,000 acres of land in Telangana to build a 'Foxconn city' modelled on its facilities in its home country as well as in China, a top lawmaker told ET. Telangana has offered as-yet unidentified location to Foxconn, but other states are also aggressively courting the company.
- SBI Chairman Dinesh Kumar Khara retires after giving multibagger returns, Rs 1 lakh crore dreamSBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his successor. During his tenure, SBI's profit rose significantly, deposits grew, and non-performing assets decreased. Khara, who took over during the Covid crisis, leaves a legacy of remarkable financial growth and stock performance.
- Diabetes and heart disease: A call for integrated managementStatistics show low treatment target compliance among Indian diabetes patients, increasing heart disease risks. Timely screening and weight management are crucial for better health outcomes. Learn more about the importance of integrated management.
- Y chromosome might be in decline, but men are here to stay; here’s whyThe Y chromosome, crucial for determining male sex in humans, is slowly disappearing, raising concerns about future male offspring. A recent study offers hope, revealing that the spiny rat, a rodent species in Japan, evolved a new male-determining gene after losing its Y chromosome. This discovery suggests humans might also adapt similarly, potentially preventing species extinction. However, this evolutionary change could lead to the formation of new species with distinct sex-determining mechanisms.
- Learn basics of technical analysis in 2-day online courseThe workshop, scheduled from 11 am to 1:30 pm, will delve into key aspects of technical analysis, including trendlines, breakdowns, and breakouts—essential tools for making informed buying or selling decisions.
- Apple iPhone 16 expected price, features & colours: All you need to knowApple is set to unveil its next-generation iPhone at the Apple Event 2024, scheduled for September 9. The new lineup will include the iPhone 16, 16 Plus, 16 Pro, and 16 Max. Expected features include varied display sizes, improved battery capacities, significant camera upgrades, and powerful new chipsets. Prices are anticipated to start from $799.
- Jaspal Bhatti's PP Waterballs golgappa video meme gets viral as Delhi bike dealer's Rs 12 crore IPO gets Rs 5,000 crore subscriptionsResourceful Automobile's Rs 12-crore IPO shocked Dalal Street by being oversubscribed nearly 400 times. The Delhi-based two-wheeler dealership saw retail investors driving the demand, with their segment reaching 500 times subscription. The hefty interest in the small medium enterprise IPO surpassed the expectations of its merchant banker, causing industry-wide astonishment.
- Vedanta board to consider third interim dividend on September 2Last month, the company announced a second interim dividend of Rs 4 per share, totalling Rs 1,564 crore. This follows a first interim dividend of Rs 11 per share declared in May. The company's stock has performed exceptionally well, delivering 95% returns over the past year. This significantly outperforms both the Nifty Metal index (44% returns) and the Nifty (30% returns).
- Gujarat Rain: Vadodra witnessing alarming flood-like situation, water level in Vishwamitri River surges 35 feetGujarat Rain: Vadodara is experiencing a flood-like situation as the Vishwamitri River's water level rises to 35 feet. Authorities have closed the Ajwa and Pratappura dam gates to manage the flow. Heavy rains and a deep depression have caused widespread disruption in Gujarat, with over 6,000 residents relocated.
- Reliance Retail awards Rs 351 crore worth of ESOP to leadership team ahead of IPOReliance Retail awarded ESOPs to director V Subramaniam, chief executive for grocery retail Damodar Mall, president and chief executive of fashion and lifestyle business Akhilesh Prasad, president and chief business officer of electronics retail Kaushal Nevrekar, group chief business operations Ashwin Khasgiwala and chief executive of fashion ecommerce platform Ajio Vineeth Nair.
- Govt bans 156 medicines including antibiotics, painkillers, multivitamins: Here is the full listThe Ministry of Health and Family Welfare has banned the manufacture, sale, and distribution of 156 fixed dose combinations. These include treatments for common ailments like colds and fevers. An Expert Committee and the Drugs Technical Advisory Board found no therapeutic justification for these combinations and identified potential health risks, leading to the prohibition.
- Sent more than Rs 6 lakh abroad? You may get a tax notice by December 31, 2024Income tax notice: You may get a income tax notice by December 31, 2024 if the tax department found you have income which escaped assessment. This is because tax officials are analysing Form 15CC data to find out who has sent more than Rs 6 lakh abroad and there is a mismatch between the amount sent abroad and the amount declared as income in ITR.
- NBCC to consider bonus issue, shares zoom 8%Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company's announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.
- 4 Tata Group stocks correct up to 37% after logging multibaggers returns. Should you buy?Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.
- ETtech Exclusive: Amazon India set to launch quick commerce as competition swellsAmazon has put together a plan to take on the quick commerce challenge in India, with its own offering which is slated to launch by early next year. The India unit of the etailer has handed over the responsibility of building its quick commerce strategy to senior executive Nishant Sardana as part of a rejig of the top leadership.
- Heavy rains in Gujarat, Maharashtra: List of trains cancelledA deep depression over East Rajasthan intensified, leading to significant transport disruptions and heavy rainfall in multiple regions in Gujarat. Rail and air travel faced cancellations and delays. The India Meteorological Department forecasted substantial rains across Rajasthan, Gujarat, and nearby areas, advising residents to stay cautious, especially in flood-prone zones.
- Hindenburg Research discloses short position in server maker Super Micro; shares fall 5%Hindenburg Research announced a short position in Super Micro Computer, alleging accounting manipulation. The server maker's shares dropped approximately 5% in early trading. Closely linked with Nvidia, Super Micro has benefited from the AI boom. Hindenburg's report also claims other issues like undisclosed related party transactions and export control failures.
- Govt announces 12 new industrial smart cities: Here are the cities' names and other key detailsThe Union Cabinet has approved 12 new industrial smart cities under the National Industrial Corridor Development Programme, investing Rs 28,602 crore to boost domestic manufacturing and economic development. These projects will bring the total number of industrial cities in India to 20, including the eight currently in progress.
- IRMS officer Satish Kumar becomes first Dalit chairman of Railway BoardJaya Varma Sinha, who is the current chairperson and CEO of the board, is superannuating on August 31 and Kumar's appointment will be effective from September 1. "The Appointments Committee of the Cabinet (ACC) has approved the appointment of Shri Satish Kumar, Indian Railway Management Service (IRMS), Member (Traction & Rolling Stock), Railway Board to the post of Chairman & Chief Executive Officer (CEO), Railway Board," a govt order said.
- From PO to SBI chairman: Meet 'people's man' Challa Srinivasalu Setty who is now the new boss of India's biggest bankChalla Sreenivasulu Setty is set to become the 27th chairman of State Bank of India on August 28. With extensive experience across various roles in SBI, Setty has handled corporate banking, stressed assets, and retail banking. He takes over at a time when the bank is experiencing exceptional performance.
- Australia will only accept 270,000 international student enrollments in 2025Australia will cap international student enrollments at 270,000 in 2025 to tackle record migration levels impacting home rental prices. Reforms aim for sustainability in the international student sector, following measures to phase out COVID-era concessions. The country saw a 60% surge in net immigration, fueling housing market pressures.
- Telegram Ban in India: Memes say it's 'Dukh Ka Mahaul' among students and free OTT series and movies groupsThe Indian government investigated Telegram over alleged involvement in criminal activities such as extortion and gambling. This came following the arrest of its CEO Pavel Durov in France for multiple charges. Authorities indicated a potential ban based on probe outcomes. Telegram claimed compliance with Indian laws but lacks a physical presence in India.
- Stocks in news: Tata Technologies, SBI Card, Jio Financial, LTIMindtree, NBCCStocks in news: India's Sensex and Nifty ended a turbulent session flat amid profit-taking and rising geopolitical worries. Stocks like Tata Technologies, SBI Card, and Jio Financial drew attention due to various news developments, including Tata Technologies' 3% stake sale worth Rs 1,230 crore by TPG.
- IT & FMCG offer good value now; bide your time in pvt banks, chemicals: Nilesh ShahNilesh Shah of Kotak AMC advises focusing on quality over momentum in stocks and advocates for high-floating stocks and diversified ownership shares. He emphasizes the current reasonable valuations in the IT and FMCG sectors while suggesting a wait-and-watch approach for private banks and chemicals. He cautions against overpaying for small-cap stocks driven by market froth.
- Samantha’s cryptic message two weeks after Naga Chaitanya’s engagement leaves fans worriedSamantha Ruth Prabhu sparked speculation among her fans by sharing a mysterious post just days after her ex-husband and 'Yeh Maaya Chesave' co-star, Naga Chaitanya, got engaged to actress Shobhita Dhulipala. The 'Yasoda' actress took to Instagram to share her thoughts on love and friendship. In a lengthy post, she reflected on how she found herself in relationships where she gave up a great deal without receiving anything in return.
- National Sports Day 2024: Theme, date, and significance in IndiaNational Sports Day is celebrated annually on August 29th in India, marking the birth anniversary of Major Dhyan Chand. This day emphasizes the importance of sports and physical activities and serves to honor Major Dhyan Chand's legacy in Indian hockey. Various events and initiatives are launched to promote sports and fitness across the nation.
- Sebi issues warning against SME stocks as IPOs leave investors dumbfoundedSebi highlighted that certain corporate actions can artificially boost investor sentiment, leading to increased stock purchases. This, in turn, allows promoters to sell their shares at inflated prices. The regulator cautioned investors against relying on unverified social media posts and rumours when investing in SME stocks. Instead, investors should exercise caution and be mindful of such market manipulation patterns.
- Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, ZeptoThis news highlights Agrawal's growing interest in emerging businesses, particularly as the quick commerce sector experiences significant momentum in fundraising. According to an ET report, the family office of Bollywood superstar Amitabh Bachchan has also acquired a small stake in Swiggy. This was done by purchasing shares from the food delivery and quick-commerce company's employees and early investors, indicating continued confidence in the sector's potential.
- Demonte Colony 2 OTT release date out: Where and when to watch Arulnithi's horror-thriller. Check plot, castDemonte Colony 2, the sequel to the 2015 Tamil horror hit, was released in theaters on August 15 and stars Arulnithi Tamilarasu and Priya Bhavani Shankar. Directed by R. Ajay Gnanamuthu, the film follows a group of friends who venture into a cursed location to uncover the truth behind a malevolent spirit. After a successful run at the box office, the movie is set to stream on Zee5, with its OTT release expected in late September.
- Indus Towers set to become Airtel subsidiary post-buyback exerciseBharti Airtel will soon hold a 50.005% stake in Indus Towers, thereby making the telecom tower company its subsidiary. The decision, approved by the board on August 27, entails a buyback of 56.7 million equity shares priced at Rs 10 each. Shares of Indus had closed 1% higher at Rs 437.40 on BSE on Tuesday. Airtel shares, in turn, had also close marginally (0.58%) higher at Rs 1522.50 on the exchange.
