LAW OF DIMINISHING MARGINAL UTILITY
240 million eligible voters, but these 7 states will decide the next US President
The US presidential election's outcome depends on a few battleground states, including Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Key issues range from immigration and abortion debates to economic concerns. Both campaigns are actively engaging these states to sway undecided voters and gain the support necessary to win.
In bull market staying focussed on real business pays: 4 largecaps from different sectors with an upside potential of up to 42%
It is a matter of a day or two that all the noise of the budget would be over and the market will once again be focussing on what it had been doing for ages, that is earnings of the company and broader macroeconomic picture of the country. Of the two, the macroeconomic picture is the same for every company and for the majority of them it is good. The first is the earnings which are different for each company and that is dependent on the underlying business and how good or not so good the management is about that company. So, focus on them and there are many companies which either after facing a challenge are making a comeback and where the challenge of high valuations has also come down. So it is better to have them on a watchlist.
The impact of India's 1% TDS on Virtual Digital Assets: A call for reform
India's 1% TDS and 30% tax on VDAs led to a 97% trading volume drop, 81% user decline, and migration to offshore exchanges. NALSAR and Meyappan Nagappan report tax losses and suggest reducing TDS to 0.01%, allowing loss offset, and revising the 30% tax rate. Current tax policy hampers India's digital economy and causes brain drain.
Untether the fuel nozzle: What India's oil & gas sector needs from Modi 3.0
When Narendra Modi took office as Prime Minister in 2014, he set clear goals for the oil and gas sector, leading to significant achievements over the past decade. His administration's strong policy support and close oversight have ensured nearly universal access to cooking gas, expansion of petrol pumps and gas distributors, growth in natural gas pipelines and LNG import capacity, an increase in ethanol blending, and a reduction in fuel subsidies.
China's large-scale military drills around Taiwan could become regular, warn US experts
US experts analyzed China's Joint Sword-2024A military exercise around Taiwan, noting Beijing's intent to regularize large-scale drills with an increased role for the China Coast Guard (CCG) in blockades, according to Focus Taiwan. The Center for Strategic and International Studies (CSIS) highlighted that these exercises, linked with law enforcement, reflect China's approach to Taiwan, signaling displeasure and aiming to punish Taiwan and the US. The experts anticipate this trend will continue, particularly in response to statements by Taiwan's newly-sworn President Lai Ching-te.
Doing nothing could be the riskiest thing of all
The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.
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How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
Volvo's EX30, a China-made EV, challenges Tesla with Geely's cost-efficiency and Volvo's quality. It symbolizes China's EV dominance, U.S. tariff challenges, and the evolving global EV market landscape.
Google-backed RCS isn’t a threat to WhatsApp Business, says Meta executive
Meta executive Tarcisio Ribiero’s comments come at a time when a battle is brewing between tech giant Google and Meta's WhatsApp over the rapidly growing enterprise messaging market in India. Conversational commerce wherein brands use channels such as WhatsApp and other messaging apps is expected to be a $150-175 million market in the country by 2030.
Amit Shah spells out mantra on how to become an effective MLA at Chhattisgarh event
Union Home Minister Amit Shah addressed the concluding session of a two-day orientation program for newly elected members of the Chhattisgarh Assembly. Shah emphasized the three key responsibilities of an MLA: responsibility towards the constituency, party ideology and policies, and the welfare and development of the state. He urged MLAs to allocate their time and strength strategically for success in these areas.
Manipur's iconic polo ponies on the brink of extinction, only 1089 remaining
Livestock Census conducted by the Manipur Government reveals a decline in the population of the Manipuri Pony breed. Efforts to conserve the breed have been made, but challenges persist for pony owners. The decline is attributed to factors such as diminishing grazing grounds and lack of government incentives. The revival of grazing and polo grounds is crucial for the preservation of the pony culture. Manipur is the only state in northeastern India with its own distinct horse breed.
MCX launches first-ever Steel Rebar Futures in India, begins trading with 3 contracts
The Steel Rebar contracts, outlined in accordance with the Exchange's Rules, Bye-Laws, and Business Rules, bring forth standardized specifications and trading parameter.
Unwrapping the reality of gift cards: What you need to know before and after gifting
Exploring the dynamics of gift cards in the holiday season: Americans are estimated to spend $30 billion, mainly on restaurant gift cards. However, billions in cards remain unused or forgotten, highlighting a complex lifecycle. Laws dictate expiration timelines, but caution is advised due to potential fees. Resale sites offer an option for unwanted cards. Unclaimed property programs aim to return funds to consumers. Amidst this, scams have swindled millions, urging vigilance and swift action for victims to reclaim funds from issuers.
Daylight Saving Time: A costly or saving endeavor? Here’s what the economists say
Daylight Saving Time, a measure originally implemented to make more effective use of daylight and theoretically conserve resources like candle wax, coal, or lamp oil, was introduced with noble intentions. However, a pertinent question remains: Does Daylight Saving Time still achieve savings for the modern American consumer in 2023?
India has strict policy of zero tolerance against corruption, says PM Modi at G-20 meeting
Prime Minister Narendra Modi on Saturday said India has strict policy of zero tolerance against corruption, at the G20 anti-corruption meeting. The PM, in a virtual address, also asserted that collective efforts from people at G20 can significantly support fight against corruption.
No payment gateway access for non-permissible online games; won’t forego margins for growth: TCS CEO-designate
As the online gaming industry and the government move closer towards implementing a self-regulatory mechanism for the sector, the Ministry of Information Technology (IT) is taking steps to prohibit non-permissible platforms which may be allowing illegal betting and gambling firms to operate.
Shadow of tax over charities
With the Supreme Court on two separate rulings on the same day laying down the principles for an educational trust and a general public utility, and now the Income Tax Appellate Tribunal giving its ruling based on the SC judgements, chances are the I-T department would look at many charitable trusts through the prism of these verdicts.
MeitY preparing cabinet note on Data Bill; online food delivery spikes again
India’s data protection bill, which has been in the works for years, could be introduced in the upcoming budget session of Parliament. Restaurants and cloud kitchens are once again seeing an increase in demand for online food delivery.
How to protect yourself against land grab
While there is no pan-India legislation that specifically targets land grabbing, the same is considered illegal and criminal under various provisions of the Indian Penal Code.
View: Woo the farmers, then the world
In a world united by social platforms, there are no boundaries, only lasting impressions. A single voice can become, like it or not, a movement, be that #MeToo or #BlackLivesMatter. Governments don’t get to decide the direction a hashtag will take nowadays, people do. In a polarised world, India’s farmer protest is fast looking like that underdog.
Midcaps and smallcaps will be in a sweet spot for next 3-4 years: Nilesh Shah
‘You are really going to see this space march ahead versus the very obvious popular benchmarks and popular indices’
View: Before abandoning the old regime of corporate tax, exercise caution
Here's an analysis of how the new regime of corporate taxation will affect India Inc.
Assam is on the brink of a crisis: Aakar Patel, Amnesty India
Amnesty International India strongly urged the Assam Government to ensure that the Foreigners Tribunals function with utmost transparency.
Not big ideas, efficient grind the new normal
GST, new bankruptcy law, inflation targeting framework for monetary policy. What next?
Hold polls again if NOTA is more than winning margin: Ex-CEC
Krishnamurthy said NOTA will eventually force political parties to field candidates known for their integrity, and those who are more popular in segments taking into account people's sentiments.
Loss of power supply from private companies won’t hit Gujarat, says state's power utility chief
Supreme Court in April had ruled that increase in coal prices due to price rise in supplier countries cannot be cited for changing the terms of power purchase agreements.
Embattled Uber CEO Travis Kalanick to step aside, diminished role after workplace scandals
Uber’s board met Sunday to review a detailed version of the report and voted unanimously to approve the recommendations.
China may invest $500 billion pension fund into stock market
China may invest its huge $500 bn pension fund into the volatile stock market, a move officials say will keep up its value.
Royalty hike on minerals to hit metal companies' margins
The decision comes at a time, when metals companies are facing a strong pressure on input costs in the face of lacklustre demand.
Competition law: ‘Frand or Foe’ issues in technology industry
Micromax has alleged Ericsson is violating its Frand commitments by imposing exorbitant royalty rates for standard essential patents.
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