Nagaland CM Neiphiu Rio inaugurates Shoppers Stop store in Dimapur
==========

Nagaland Chief Minister Neiphiu Rio has inaugurated a new Shoppers Stop store in Dimapur. The store showcases a wide range of global and Indian brands, offering premium fashion, beauty, and gifting options. The opening of the store is part of the expansion strategy of Shoppers Stop and aims to provide direct and indirect employment opportunities to residents of Dimapur. The store features 500+ brands, the latest fashion trends, enhanced beauty experiences, and a diverse range of watches, bags, and gifting options. The store is the first of its kind in Dimapur and marks an important milestone in Shoppers Stop's expansion strategy. The company aims to provide exceptional shopping experiences and support the local economy by hiring local staff. The store is expected to contribute to the economic growth of the region.

#Nagaland #NeiphiuRio #ShoppersStop #Dimapur #Fashion #Beauty #Gifting #Employment #Expansion

https://m.economictimes.com/news/india/nagaland-cm-neiphiu-rio-inaugurates-shoppers-stop-store-in-dimapur/articleshow/111366814.cms


US chip dreams will fade without more immigrants
==========

The Chips and Science Act was passed by Democrats and Republicans to revitalize US semiconductor manufacturing, but the shortage of skilled workers threatens the industry's growth. Proposed solutions include a specialized visa program and increased support for STEM education. The law was passed in 2022 and has already awarded nearly $30 billion in subsidies and $25 billion in loans. However, companies are facing shortages of skilled workers, particularly in the installation of chipmaking equipment. The number of Americans studying in relevant graduate programs has been flat for 30 years, and the Semiconductor Industry Association predicts a shortfall of 67,000 skilled workers by 2030. Without more skilled workers, companies may demand additional subsidies or shift production to Taiwan and Japan, leading to a loss of US technological leadership and national security benefits. Proposed solutions include the creation of a "chipmaker's visa" that would auction a certain number of visas for high-skilled workers, and increasing the overall number of visas for high-skilled immigrants with in-demand STEM skills. Comprehensive immigration reform is also suggested.

#UsChipIndustry #Immigration #SkilledWorkers #ChipsAndScienceAct #StemEducation

https://m.economictimes.com/nri/work/us-chip-dreams-will-fade-without-more-immigrants/articleshow/111356734.cms


US inflation cools in May, boosting hopes of Fed rate cut
==========

US inflation remained stable in May, with a modest increase in service costs offset by the largest drop in goods prices in six months. The report from the Commerce Department also showed consumer spending growth and hints at the Federal Reserve's aim for a controlled economic slowdown through core inflation moderation. The flat reading in the personal consumption expenditures (PCE) price index last month followed an unrevised 0.3% gain in April. Goods prices fell 0.4%, the biggest drop since November. The cost of services increased 0.2%, lifted by higher prices for housing and utilities as well as healthcare. In the 12 months through May, the PCE price index increased 2.6% after advancing 2.7% in April. Financial markets saw a roughly 68% chance that the Fed's policy easing would start in September compared to about 64% before the data.

#UsInflation #FederalReserve #InterestRates

https://m.economictimes.com/markets/stocks/news/us-inflation-cools-in-may-boosting-hopes-of-fed-rate-cut/articleshow/111355533.cms


Buy on dips as Nifty & Bank Nifty look bullish; 3 stocks to bet on: Rajesh Palviya
==========

Rajesh Palviya advises a buy-on-dip strategy as Nifty & Bank Nifty look bullish. The July series has a Nifty target of 24,400 and Bank Nifty is supported at 52,000. Nifty Realty is in consolidation mode with a potential downside. Godrej Realty is showing strength. Put writers are aggressive at 24,000 strike and 23,800 strike, which are important levels on the downside. If the market holds the 24,000 level, the rally can extend higher with a possible target of 24,400. For Bank Nifty, 52,000 is the immediate support area. If Bank Nifty crosses the 52,600 mark, the rally can extend further towards 53,400 to 53,600. July is expected to have a range of 23,500 to 25,000 for Nifty and Bank Nifty. Auto stocks are still looking attractive, especially in the auto ancillary space. Nifty Realty is in consolidation mode, but the overall structure is bullish. JK Tyre, Petronet, and Grasim are recommended stocks to bet on.

#StockMarket #Nifty #BankNifty #Buyondip #Bullish #NiftyRealty #GodrejRealty #PutWriters #SupportArea #Target #Range #AutoStocks #AutoAncillary #JkTyre #Petronet #Grasim

https://m.economictimes.com/markets/expert-view/buy-on-dips-as-nifty-bank-nifty-look-bullish-3-stocks-to-bet-on-rajesh-palviya/articleshow/111354970.cms


Are banks open or closed this Saturday, June 29, 2024? - The Economic Times
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As per the regulations, all banks will be closed on Sundays, second and fourth Saturdays, and national and regional holidays. ATMs will be available throughout these holidays, and internet banking services will remain operational. On June 29, most places do not observe a bank holiday because it falls on the third Saturday of the month. However, an exception to this is the city of Kohima in Nagaland, where banks will be closed due to poll day for Municipal & Town Council Elections. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts. ATMs will be available throughout these holidays, and internet banking services will remain operational.

#BankHolidays #BankingServices #Atms #InternetBanking #NegotiableInstrumentsAct #RealtimeGrossSettlement #PollDay #Municipal&TownCouncilElections

https://m.economictimes.com/wealth/save/are-banks-open-or-closed-this-saturday-june-29-2024/articleshow/111332377.cms


The first Joe-Don presidential debate tells us more about the state of the US than the next POTUS
==========

The first Joe-Don presidential debate between Joe Biden and Donald Trump took place, providing insights into the state of the US. The debate was a representative trailer of the moving picture already playing in theatres not near China, Russia, or West Asia. The debate was a relatively sedated affair with no live audience and muted microphones. Biden and Trump traded shots, with Biden challenging Trump to carry his own golf bag. The debate highlighted America's choice between two has-beens running on spare fossil fuel. Biden appeared disoriented and Trump was all over the place, but it was Biden who seemed out of place. The debate did not determine capability or electoral popularity, but it revealed the fractured state of the US. The outcome of the debate is unlikely to determine the future of the US, as its geopolitical and economic dominance will depend on factors beyond the next occupant of the Oval Office.

#UsPresidentialDebate #JoeBiden #DonaldTrump

https://m.economictimes.com/opinion/et-commentary/the-first-joe-don-presidential-debate-tells-us-more-about-the-state-of-the-us-than-the-next-potus/articleshow/111346424.cms


US targets petrol tankers over Iran nuclear 'escalation'
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The United States announced sanctions on shipping companies for transporting Iranian oil in response to Iran's nuclear program actions, just before the presidential elections in Iran. Secretary of State Antony Blinken stated that Iran has announced steps to expand its nuclear program, prompting the US to impose sanctions to prevent Iran from obtaining a nuclear weapon. The sanctions target three shipping companies based in the US and block their assets in the country. The US already has a ban on other countries buying Iranian oil. The UN nuclear watchdog confirmed that Iran is expanding its nuclear capacities. Iran's government denies seeking a nuclear weapon. Elections for president in Iran are scheduled to take place after the death of conservative candidate Ebrahim Raisi.

#Us #Iran #Sanctions #NuclearProgram #ShippingCompanies #PresidentialElections

https://m.economictimes.com/news/international/world-news/us-targets-petrol-tankers-over-iran-nuclear-escalation/articleshow/111328354.cms


China denies claims by US ambassador that Beijing hinders relations
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China has denied accusations made by US Ambassador Nicholas Burns that Beijing is hindering ties between Chinese and American citizens. Beijing called the claims "factually inaccurate" and denied intimidating Chinese participants in embassy events and fueling anti-American sentiment online. The US and China have been at odds over various issues including trade, technology, human rights, and Russia's war in Ukraine. Relations between the two countries have somewhat stabilized after a meeting between the US and Chinese presidents in San Francisco last year, but tensions persist.

#China #Us #Ambassador #Relations #Accusations

https://m.economictimes.com/news/international/world-news/china-denies-claims-by-us-ambassador-that-beijing-hinders-relations/articleshow/111281429.cms


Outlander Season 7: When will it release and where to watch in US, UK, Australia, Canada and other countries
==========

Outlander Season 7 is split into two halves, with the first half airing in 2023 and the second half scheduled for November 2024. Season 8, the final season, is expected in 2025. The release dates on Netflix and other streamers vary by region. Some regions already have part 1 of season 7, while others must wait. In the US, Outlander is available on Starz and will be released on Netflix two years after the season finale airs. Weekly releases of season 7 are available on Netflix in select regions such as Belgium, France, Hong Kong, India, Japan, Malaysia, Poland, Singapore, and South Korea. Australia, Canada, and other countries will have to wait 11-12 months for new seasons on Netflix. The cast for season 7 part 2 includes Caitríona Balfe, Sam Heughan, Richard Rankin, Sophie Skelton, and others.

#Outlander #TvSeries #Season7 #ReleaseDate #Streaming #Us #Uk #Australia #Canada

https://m.economictimes.com/news/international/us/outlander-season-7-when-will-it-release-and-where-to-watch-in-us-uk-australia-canada-and-other-countries/articleshow/111238291.cms


Chhattisgarh Operation: Naxals escape, fake rupee notes seized
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Security forces recovered a huge cache of fake currency notes, along with equipment used to print them, belonging to Maoists from Chhattisgarh's Sukma district. The operation was a joint effort by the state police and CRPF, targeting Naxalites using fake currency in Bastar region markets. The machinery and equipment seized indicates that the plant was started in 2022. The recovery was made on Saturday evening on a forested hill near Korajguda village of the district when a joint team of security personnel from various forces was out on a search operation. Naxalites were allegedly using the fake currency notes in weekly markets of interior areas of Bastar region for a long time and duping innocent tribals. Naxalites were also trying to destabilise the Indian economy with this move. Security forces have stepped up action against left-wing extremists, killing 134 Maoists since the beginning of 2024.

#Chhattisgarh #Naxals #FakeCurrency #SukmaDistrict

https://m.economictimes.com/news/defence/chhattisgarh-operation-naxals-escape-fake-rupee-notes-seized/articleshow/111212331.cms


Hinduja rejigs fundraise plan for Reliance Capital deal
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Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator.

#HindujaGroup #RelianceCapital #Fundraising #PrivateCreditFunds #ReserveBankOfIndia

https://m.economictimes.com/news/company/corporate-trends/hinduja-rejigs-fundraise-plan-for-reliance-capital-deal/articleshow/111212289.cms


The Wives: Release date, cast and what to expect from the Jennifer Lawrence movie
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Jennifer Lawrence will produce and star in a murder mystery movie called 'The Wives' inspired by 'The Real Housewives' franchise. The film has been acquired by Apple Original Films in partnership with A24. The release date is yet to be announced. Jennifer Lawrence is the only confirmed cast member, and details about her role are unknown. Lawrence has been a longtime fan of 'The Real Housewives' and has expressed her love for the franchise in various interviews. 'The Wives' will blend Lawrence's passion for 'The Real Housewives' with a murder mystery narrative. The film is expected to offer a unique cinematic experience that combines glamour, intrigue, and suspense.

#JenniferLawrence #TheWives #TheRealHousewives #AppleOriginalFilms #A24 #MurderMystery #ReleaseDate #Cast

https://m.economictimes.com/news/international/us/the-wives-release-date-cast-and-what-to-expect-from-the-jennifer-lawrence-movie/articleshow/111210995.cms


Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
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IT companies like TCS, HCLTech, Wipro, and Tech Mahindra are reorganizing their businesses to prepare for Gen AI. TCS merged AI and cloud operations into a unified AI.Cloud unit. Indian IT service providers have made changes to their business structures and senior leadership to navigate disruptions in the industry. The Indian software services export industry is facing an unprecedented slowdown in demand. Companies are building new capabilities with separate units focused on generative artificial intelligence (Gen AI) and evolving customer demands.

#ItCompanies #Tcs #Hcltech #Wipro #TechMahindra #BusinessReorganization #GenAi #IndianSoftwareServicesExportIndustry

https://m.economictimes.com/tech/information-tech/facing-an-unprecedented-slowdown-it-companies-are-undergoing-a-shift-heres-whats-changing/articleshow/111193983.cms


Top Donald Sutherland Movies: How to watch, streaming platforms and more
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Donald Sutherland, a veteran Hollywood actor, passed away on June 20 at the age of 88. He was known for his notable films like The Dirty Dozen, Don't Look Now, A Time To Kill, and more. He was the father of actor Kiefer Sutherland, known for his roles in Designated Survivor and 24. Some of Donald Sutherland's top movies include The Dirty Dozen, Kelly's Heroes, A Time To Kill, and Cold Mountain. These movies are available to watch on platforms like Amazon, Paramount+, and Amazon Prime. Kiefer Sutherland is the son of Donald Sutherland. Donald Sutherland has worked in many classic-era films including The Dirty Dozen, M*A*S*H, Kelly's Heroes, Don't Look Now, National Lampoon's Animal House, and more.

#DonaldSutherland #Movies #StreamingPlatforms #KieferSutherland

https://m.economictimes.com/news/international/us/top-donald-sutherland-movies-how-to-watch-streaming-platforms-and-more/articleshow/111196164.cms


THIS is the "ugliest dog in the world." But you will love it for its 'from illness to fame' story
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Wild Thang, an eight-year-old Pekingese, has won the 2024 World's Ugliest Dog contest in California. This is his fifth time competing, having previously come in second place three times. Wild Thang contracted canine distemper as a puppy, which led to lasting physical issues such as teeth that didn't grow in, causing his tongue to stick out, and a front leg that constantly paddles. Despite these challenges, he is a healthy and happy dog. Wild Thang and his owner, Ann Lewis, received a $5,000 prize. The contest aims to celebrate the individual characteristics and quirky traits of dogs and highlight their unique beauty. The event was sponsored by MUG Root Beer and offered a total prize pool of $10,000. The top three winners also have the chance to be featured on a limited edition can of the root beer.

#World'sUgliestDogCompetition #Dogs #Contest #California

https://m.economictimes.com/news/international/us/this-is-the-ugliest-dog-in-the-world-but-you-will-love-it-for-its-from-illness-to-fame-story/articleshow/111196154.cms


Why did Sean 'Diddy' Combs delete all Instagram posts, including Cassie Ventura's apology? The inside story
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Sean 'Diddy' Combs deleted all Instagram posts, including Cassie Ventura's apology after a video surfaced of him assaulting her. He has not posted on Instagram since, but his profiles are still public. Diddy has been keeping a low profile due to legal troubles, including a lawsuit filed by Cassie Ventura accusing him of sexual assault and physical abuse. He reached an out-of-court settlement with Ventura for $30 million. Diddy is also facing additional lawsuits from other victims for sexual assault. Recently, a former model named April Lampros filed a lawsuit against Diddy, alleging that he drugged and sexually assaulted her. Diddy has denied any wrongdoing. The reason for Diddy's Instagram purge and his future actions remain unknown.

#Sean'diddy'Combs #CassieVentura #Instagram #Assault #Apology #LegalTroubles

https://m.economictimes.com/news/international/us/why-did-sean-diddy-combs-delete-all-instagram-posts-including-cassie-venturas-apology-the-inside-story/articleshow/111196008.cms


Defer implementation of 3 new criminal laws: Congress to Govt
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The Congress party has demanded that the government defer the implementation of three new criminal laws and refer them to the new standing committee on home affairs for re-examination. The party argues that the laws were passed without proper debate and discussion when many opposition members were under suspension. The Congress also criticizes the government's use of the new anti-paper leak law for exams, stating that preventive measures are more important. The implementation of the three laws is scheduled for July 1, 2024.

#Congress #Government #CriminalLaws #Debate #Suspension #AntipaperLeakLaw #Implementation

https://m.economictimes.com/news/india/defer-implementation-of-3-new-criminal-laws-congress-to-govt/articleshow/111195102.cms


NTA panel likely to focus on lack of cadre, in-house expertise
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The Centre has formed a high-level committee to overhaul the National Testing Agency (NTA), focusing on critical deficiencies such as the lack of dedicated cadre, in-house technical expertise, and robust Standard Operating Procedures (SOPs) for conducting exams. Concerns also include the NTA's deviation from its original mandate of transparent online testing, issues with multi-tier leadership, and inadequate facilities at exam centers. The NTA heavily relies on consultants and those on deputation, resulting in a lack of in-house capabilities, technical expertise, and accountability. The NTA has faced challenges such as delays in informing students of their test centers, lack of facilities at exam centers, and inadequate checks and verification processes. The NTA was originally envisioned as a lean body to conduct online exams with the help of a technical service provider, but the decision to conduct pen-paper tests like NEET has led to structural infirmities and credibility concerns. The UGC's decision to move UGC-NET to a pen and paper format has also raised eyebrows. The high-level committee will address these issues and work towards improving the NTA's functioning.

#Nta #NationalTestingAgency #Exams #Cadre #TechnicalExpertise #StandardOperatingProcedures #OnlineTesting #Leadership #Facilities #Consultants #Deputation #Accountability #TestCenters #PenpaperTests #StructuralInfirmities #Credibility #Ugcnet

https://m.economictimes.com/news/india/nta-panel-likely-to-focus-on-lack-of-cadre-in-house-expertise/articleshow/111195076.cms


Fornite update today patch notes download: Video game details that gamers need to know
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Fornite update patch notes are out now. Gamers can have new skins, new Battle Royale gameplay, new weapons, and other key items. The update includes the OG map, new reload game mode, Pirates of the Caribbean collab in the 30.20 update to Chapter 5 Season 3. Fortnite update v30.20 is being released on Saturday, June 22, 2024, at 1 AM (PT), and 3 AM (ET). There are a number of skins available for gamers, including 'Pirates of the Caribbean' skins and the 'Wolverine' skin. The Battle Royale gameplay for Fortnite Chapter 5 Season 3 has changed, and there is a live event organized on June 22 and June 23. The article also mentions the release of the video game 'Still Wakes the Deep' and the game 'Super Monkey Ball Banana Rumble'.

#Fornite #VideoGame #Update #PatchNotes #Skins #BattleRoyale #Weapons #OgMap #PiratesOfTheCaribbean #Wolverine #Chapter5Season3 #LiveEvent #StillWakesTheDeep #SuperMonkeyBallBananaRumble

https://m.economictimes.com/news/international/us/fornite-update-today-patch-notes-download-video-game-details-that-gamers-need-to-know/articleshow/111193320.cms


This US state allows surgical castration as punishment for sex crimes against children. Will other states follow it?
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Louisiana has become the first US state to allow surgical castration as a punishment for certain sex crimes against children. The new law, which will come into effect on August 1, 2024, applies to aggravated sex crimes such as rape, incest, and molestation against a child under the age of 13. The sentence is not automatic and will vary from case to case. Supporters argue that the law will deter people from committing crimes against children, while opponents consider it to be a cruel and unusual punishment in violation of the US Constitution. Other US states, including Louisiana, California, Florida, and Texas, allow chemical castration for certain sex offenders, but surgical castration is not currently permitted in any other state. State Senator Regina Barrow, a Democrat, introduced the legislation, which received overwhelming approval in both chambers of the GOP-dominated Louisiana legislature.

#SurgicalCastration #SexCrimes #Children #Louisiana #UsStates

https://m.economictimes.com/news/international/us/this-us-state-allows-surgical-castration-as-punishment-for-sex-crimes-against-children-will-other-states-follow-it/articleshow/111193285.cms


GST Council Meeting: Govt to roll out Pan-India biometric authentication, Railways services exempted from GST & other key decisions
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At the 53rd meeting of the GST Council, the government announced the rollout of Pan-India biometric authentication to combat fake invoicing. Railways services have been exempted from GST. Finance Minister Nirmala Sitharaman also announced retrospective amendments to input tax credit timelines under the CGST Act. Other decisions include a monetary limit for filing appeals, uniform GST rates for milk cans and carton boxes, exemption of hostel accommodation outside educational institutions, and clarification on GST rates for sprinklers. The Council also sent a request to reduce GST on fertilizers to the Group of Ministers on rate rationalization.

#GstCouncilMeeting #BiometricAuthentication #RailwaysServices #GstExemptions

https://m.economictimes.com/news/economy/policy/gst-council-meeting-govt-to-roll-out-pan-india-biometric-authentication-to-check-fake-invoicing-other-key-decisions/articleshow/111191627.cms


India shuns China's calls to resume passenger flights after 4 years
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India is resisting China's calls to resume direct passenger flights after a four-year hiatus due to ongoing border tensions. The strained relations between the two countries since the 2020 Himalayan clash have led to India blocking Chinese investments and apps. While China seeks flight resumption for economic recovery, India demands border peace first.

#IndiachinaRelations #PassengerFlights #BorderTensions

https://m.economictimes.com/industry/transportation/airlines-/-aviation/india-shuns-chinas-calls-to-resume-passenger-flights-after-4-years/articleshow/111134438.cms


Gold edges higher as weak US data lifts Fed rate-cut bets
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Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures. Spot gold was up 0.2% at $2,331.38 per ounce, as of 0126 GMT. U.S. gold futures edged 0.1% lower to $2,345.00. Traders are currently pricing in about a 66% chance of a Fed rate cut in September, according to CME FedWatch Tool. Lower interest rates reduce the opportunity cost of holding non-yielding bullion.

#Gold #FederalReserve #UsData #InterestRateCut

https://m.economictimes.com/markets/commodities/news/gold-edges-higher-as-weak-us-data-lifts-fed-rate-cut-bets/articleshow/111126285.cms


Beijing cannot influence Dalai Lama successor: US Congressmen to China
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A group of US Congressmen has asserted that they would not allow Beijing to influence the choice of Dalai Lama's successor, indicating full support for traditions and norms followed for the choice of Dalai Lama. Former US Congress Speaker Nancy Pelosi praised the Dalai Lama's message of compassion and criticized the Chinese President's negative attitude. Pelosi also referred to the approval of the legislation titled 'Promoting a Resolution to the Tibet-China Dispute Act', which sends a message to China that Washington is clear in its thinking on the issue of Tibet. Chinese foreign ministry spokesperson Lin Jian urged President Biden not to sign the bipartisan Tibet Policy Bill, which seeks to counter China's narrative about its control over Tibet and promote dialogue between the Chinese government and the Dalai Lama.

#DalaiLama #UsCongressmen #China #Traditions #Tibet #NancyPelosi

https://m.economictimes.com/news/international/world-news/beijing-cannot-influence-dalai-lama-successor-us-congressmen-to-china/articleshow/111121026.cms


The Anglosphere is cornering India on Khalistan. What lies ahead
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India is facing opposition from developed countries, particularly the Anglosphere, in countering Khalistani separatists. The Five Eyes spy network, consisting of the US, UK, Canada, Australia, and New Zealand, has provided intelligence for allegations against India. Canada, the US, and Australia have shown support for anti-India elements and accused India of ordering hits against Khalistani leaders. The Anglosphere's efforts to corner India on the Khalistan issue are coordinated, and India's strong stance on national security complicates ties with these countries. India is unlikely to back down from its anti-Khalistan efforts despite Western pressure.

#India #Khalistan #Anglosphere #FiveEyes #Canada #Us #Australia #Separatists

https://m.economictimes.com/news/india/the-anglosphere-is-cornering-india-on-khalistan-what-lies-ahead/articleshow/111119078.cms


Nikhil Gupta will now face justice in American courtroom, says US attorney general
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Indian national Nikhil Gupta, 53, is accused of plotting to murder Sikh extremist Gurpatwant Singh Pannun in New York. Gupta was arrested in the Czech Republic and extradited to the US on June 14. He pleaded not guilty in a federal court. The US Justice Department emphasized its commitment to protecting American citizens and free speech. Gupta, allegedly working with an Indian government employee, faces charges of murder-for-hire and conspiracy. If convicted, he could be sentenced to a maximum of 10 years in prison for each charge.

#NikhilGupta #GurpatwantSinghPannun #UsAttorneyGeneral #MurderforhirePlot #IndianGovernmentEmployee #UsJusticeDepartment

https://m.economictimes.com/news/international/world-news/nikhil-gupta-will-now-face-justice-in-american-courtroom-says-us-attorney-general/articleshow/111071053.cms


Oil prices inch down on weaker US consumer demand ahead of China data
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Oil prices slipped on weaker U.S. consumer demand. China's economic data indicated deflation, impacting markets in Singapore and other countries. Brent crude futures were down 15 cents, or 0.18%, at $82.47 per barrel at 0034 GMT. U.S. crude futures were down 16 cents, or 0.2%, at $78.29 a barrel. Both benchmark contracts still gained nearly 4% last week, the highest weekly rise in percentage terms since April. Economic data from China on Monday will set the tone for commodity markets this week, analysts said in a note. China's refinery throughput will offer an indicator of oil demand, while retail sales, business investment, industrial production, and house price figures will give a clearer picture of economic activity in the world's largest crude oil importer. Producer and consumer data last week showed the country is still grappling with deflation.

#OilPrices #UsConsumerDemand #ChinaData #BrentCrudeFutures #UsCrudeFutures #China'sEconomicData

https://m.economictimes.com/markets/commodities/news/oil-prices-inch-down-on-weaker-us-consumer-demand-ahead-of-china-data/articleshow/111048391.cms


Biden vs Trump Presidential Debate: Date, moderators, and how to watch
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The highly anticipated presidential debate between President Joe Biden and former President Donald Trump is scheduled to be broadcast on Thursday, June 27 at 9/8c. The debate will be hosted by CNN and will take place in Atlanta studios without a studio audience. Jake Tapper and Dana Bash will serve as moderators. CNN has implemented strict guidelines for the debate, including muting the candidates' microphones during their opponent's speaking time to maintain decorum. Candidates must meet specific criteria to participate, including constitutional eligibility and appearing on enough state ballots to potentially secure 270 electoral votes. Following the June 27 debate, ABC News will host a subsequent debate on September 10. Donald Trump served as the 45th president of the United States from 2017 to 2021. The average age of incoming U.S. presidents at inauguration is 55 years, with Theodore Roosevelt being the youngest president at age 42 and Joe Biden being the oldest at age 78.

#BidenVsTrump #UsElections2024 #BidenVsTrumpDebate

https://m.economictimes.com/news/international/us/biden-vs-trump-presidential-debate-date-moderators-and-how-to-watch/articleshow/111041383.cms


India to become sixth country to have deep sea mission: Jitendra Singh
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India is set to become the sixth country to have its own deep-sea mission, focusing on a resilient blue economy to empower people dependent on the ocean. The National Institute of Ocean Technology's Matsyayaan 6000 is a key development in this mission. Union earth sciences minister Jitendra Singh expressed pride and happiness on the progress of the deep-sea mission and India being among the very few nations to achieve this feat. The deep-sea mission is not limited to mineral exploration but development of ocean sciences and exploration of flora and fauna and conservation of marine biodiversity. The National Institute of Ocean Technology (NIOT) has developed Matsyayaan 6000, which can dive 6,000 meters deep into the ocean. The first stage of the vessel's harbor trial is expected to be completed by September and the subsequent stages by 2026. The deep-sea mission has the potential to contribute greatly to the overall growth of the Indian economy.

#DeepseaMission #BlueEconomy #OceanTechnology #MarineBiodiversity #IndianEconomy

https://m.economictimes.com/news/india/india-to-become-sixth-country-to-have-deep-sea-mission-jitendra-singh/articleshow/111040048.cms


First Bitcoin ETF to list on Australia’s bourse in global wave
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Exchange operator ASX Ltd. has approved the VanEck Bitcoin ETF, which will be listed on Thursday. This marks the first time an exchange-traded fund investing directly in Bitcoin will list on Australia's main stock market. The listing comes as $58 billion has been amassed by US Bitcoin ETFs that debuted this year. Hong Kong also permitted spot ETFs for Bitcoin and Ether in April. Sydney-based BetaShares Holdings Pty and DigitalX Ltd. are also planning to list Bitcoin ETFs on the main Australian board.

#Bitcoin #Etf #AsxLtd #Vaneck #Australia #Us #HongKong #BetasharesHoldingsPty #DigitalxLtd

https://m.economictimes.com/markets/cryptocurrency/first-bitcoin-etf-to-list-on-australias-bourse-in-global-wave/articleshow/111033595.cms


Doctor Who: Will the Doctor’s grandaughter Susan be back on screen with more mysteries?
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Doctor Who recently surprised its audience with a twist involving the return of Susan, the Doctor's granddaughter, in The Legend of Ruby Sunday. This revelation has sparked speculation among fans eager to see the iconic character back on screen after references in previous episodes hinted at her potential reappearance. In a nostalgic nod to the show’s origins, the Doctor (Ncuti Gatwa) reminisces about living with Susan in Shoreditch in 1963, where they first appeared in Doctor Who’s inaugural episode. Fans speculated that Susan Twist, portrayed by various incarnations across time and space, could be the Doctor’s granddaughter. However, The Legend of Ruby Sunday took a surprising turn when Susan Triad was unveiled not as Susan, but as a harbinger of Sutekh. In a significant moment, the Doctor reveals to Kate Stewart (Jemma Redgrave) his uncertainty about Susan’s fate following the Time Lords’ genocide. Original Susan actress Carole Ann Ford expressed enthusiasm about reuniting with the Doctor in his new incarnation. The episode suggests that Susan’s parent, and consequently the Doctor’s offspring, is yet to be born. The potential for Susan’s eventual return remains an open question as Doctor Who continues to captivate audiences with its blend of nostalgia and innovative storytelling.

#DoctorWho #Susan #NcutiGatwa #CaroleAnnFord

https://m.economictimes.com/news/international/us/doctor-who-will-the-doctors-grandaughter-susan-be-back-on-screen-with-more-mysteries/articleshow/111026651.cms


Paresh Baruah tries to revive ULFA
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Paresh Baruah, the outlawed and self-exiled chief of United Liberation Front of Assam (ULFA), is attempting to revive the organization amid the decline in Myanmar Army's influence in the provinces of Myanmar bordering India. Baruah, currently based along the China-Myanmar border, has reconstituted the governing council of ULFA and appointed himself as the head of the outfit's "foreign cell." Experts suggest that Baruah is trying to take advantage of the fluid situation in the region and the weakening of the Myanmar Army's control. The ethnic rebel outfits of Myanmar are allegedly procuring weapons, and Baruah, though weaker than before, is attempting to revive ULFA and gain support. Baruah is reportedly based in China along the Myanmar border.

#PareshBaruah #Ulfa #MyanmarArmy #China #Revival #SecessionistMovements

https://m.economictimes.com/news/defence/paresh-baruah-tries-to-revive-ulfa/articleshow/111026309.cms


Kuwait fire: 16 Keralites laid to rest so far
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The last rites of four Keralites, who lost their lives in the tragic fire incident in Kuwait on June 12, were held at their respective hometowns in Kerala on Saturday. The bodies of 23 Keralites who lost their lives in the fire were brought to the state on Friday. The death toll of Keralites in the fire has gone up to 24. Six people from Pathanamthitta district lost their lives in the incident. The funerals of the remaining seven people will be held in the coming days. A total of 49 people were killed in the fire, with 45 of them being Indians. The bodies of 23 Keralites, seven Tamil Nadu natives, and one Karnataka native were brought to Kochi from Kuwait on a special flight.

#KuwaitFire #Kerala #Funerals #DeathToll #Pathanamthitta #Indians

https://m.economictimes.com/news/india/kuwait-fire-16-keralites-laid-to-rest-so-far/articleshow/111025129.cms


North East India to be battered by heavy rains on Monday, Tuesday; IMD issues orange alert
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The India Meteorological Department (IMD) has issued an orange alert for heavy rains in North East India on Monday and Tuesday. Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, and the sub-Himalayan parts of West Bengal and Sikkim are expected to receive heavy to very heavy rainfall during this period. Assam and Meghalaya have been issued a red alert for heavy rainfall. The southwest monsoon has also arrived in Maharashtra and is expected to advance further into more parts of Maharashtra, Chhattisgarh, Odisha, Coastal Andhra Pradesh, and northwest Bay of Bengal in the next 3-4 days.

#IndiaMeteorologicalDepartment #OrangeAlert #HeavyRains #NorthEastIndia #ArunachalPradesh #Nagaland #Manipur #Mizoram #Tripura #WestBengal #Sikkim #Assam #Meghalaya #SouthwestMonsoon #Maharashtra #Chhattisgarh #Odisha #CoastalAndhraPradesh #BayOfBengal

https://m.economictimes.com/news/india/north-east-india-to-be-battered-by-heavy-rains-on-monday-tuesday-imd-issues-orange-alert/articleshow/111023578.cms


How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
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Tesla shareholders voted in favor of restoring Elon Musk's 10-year pay plan, valued at $44.9 billion. The all-stock package rewards Musk for hitting milestones such as raising Tesla's market value, pretax income, and revenue. Musk's package is the largest award to a CEO in the U.S. and is far above what other CEOs have been granted. The median pay package for an S&P 500 CEO last year was $16.3 million, making Musk's earnings 275 times greater. The top earner in the AP's survey was Hock Tan, CEO of Broadcom Inc., with a package valued at about $162 million. Musk's potential haul of 304 million shares is worth almost $45 billion. Musk's annual pay would have been in the billions if his compensation package goes through the courts. The median annual pay of a non-CEO Tesla employee last year was $45,811.

#ElonMusk #Tesla #CeoPay #Compensation #StockPackage

https://m.economictimes.com/news/international/business/how-elon-musks-44-9b-tesla-pay-package-compares-with-the-most-generous-plans-for-other-u-s-ceos/articleshow/111023383.cms


IT sector: As the global interest rate cycle changes, time to shed the bias against them? 7 software stocks with upside potential of upto 32 % - The Economic Times
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IT stocks have started performing well in recent trading sessions, indicating a possible return of the global risk-on trade. When US interest rates are high, tech stocks tend to underperform, but when there is an indication of lower interest rates, tech stocks perform well globally. In the case of Indian IT stocks, the risk-on trade is helpful, along with valuation adjustments and money moving towards strong balance sheets.

#ItSector #GlobalInterestRateCycle #SoftwareStocks

https://m.economictimes.com/markets/stocks/news/it-sector-as-the-global-interest-rate-cycle-changes-time-to-shed-the-bias-against-them-7-software-stocks-with-upside-potential-of-upto-32-/articleshow/111018590.cms


Minister Ramdas Athawale's advice to Congress president Kharge: 'Play the role of opposition' | The Economic Times Podcast
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Union Minister Ramdas Athawale advises Congress president Kharge to play the role of opposition in response to Kharge's remark that the NDA government was formed by mistake and its fall is imminent. Athawale highlights that the NDA has a clear majority with 292 Lok Sabha seats.

#RamdasAthawale #MallikarjunKharge #NdaGovernment #Opposition #Congress #LokSabha

https://m.economictimes.com/news/politics-and-nation/minister-ramdas-athawales-advice-to-congress-president-kharge-play-the-role-of-opposition/podcast/111018600.cms


US based Wells Fargo bank fires several employees for faking work using keyboard simulation
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Wells Fargo & Co recently terminated more than a dozen employees in its wealth and investment management division after it was discovered that the employees had faked their work activities using keyboard simulation. The terminations occurred last month and it remains unclear if these employees were found guilty of keyboard simulation while working from home. Wells Fargo implemented a hybrid flexible model with specific office attendance policies and is gradually requiring staff to be in the office at least three days a week.

#WellsFargo #EmployeeMisconduct #KeyboardSimulation #WorkFromHome

https://m.economictimes.com/news/international/business/us-based-wells-fargo-bank-fires-several-employees-for-faking-work-using-keyboard-simulation/articleshow/111014987.cms


G7 Summit commits to promoting India-Middle East-Europe Economic Corridor
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At the G7 Summit, the Group of Seven industrialized nations committed to promoting infrastructure projects such as the India-Middle East-Europe Economic Corridor (IMEC), reaffirming a commitment to a "free and open Indo-Pacific." Prime Minister Narendra Modi attended the summit at the invitation of Italian Prime Minister Giorgia Meloni. The IMEC is a path-breaking initiative that envisions a vast road, railroad, and shipping network among Saudi Arabia, India, the United States, and Europe. It is seen as an initiative by like-minded nations to gain strategic influence in the face of China's Belt and Road Initiative (BRI). The IMEC initiative was firmed up on the sidelines of the G20 Summit hosted by India in Delhi last year.

#G7Summit #IndiamiddleEasteuropeEconomicCorridor #Infrastructure #Indopacific #NarendraModi #GiorgiaMeloni #China'sBeltAndRoadInitiative #G20Summit

https://m.economictimes.com/news/economy/foreign-trade/g7-summit-commits-to-promoting-india-middle-east-europe-economic-corridor/articleshow/111012763.cms


191 smallcaps shine with double-digit gains in a positive market week
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During the week, 191 smallcap stocks delivered double-digit returns, with 13 of them gaining 25% or more. PTC Industries led the smallcap pack with a 35% gain, followed by Avantel at 33% and Honda India Power at 30.47%. In the midcap segment, nine stocks, including Schaeffler India and Oil India, rose in double digits. Among the Sensex pack, Ultratech Cement topped the charts with a 7.4% return. The outcome of the Fed meeting was hawkish, with market expectations shifting from two rate cuts to just one. Next week will be a truncated one due to Bakrid on Monday, and the market is awaiting fresh triggers, possibly a favorable budget next month.

#Smallcaps #MarketWeek #StockMarket #Returns #FedMeeting #Budget

https://m.economictimes.com/markets/stocks/news/191-smallcaps-shine-with-double-digit-gains-in-a-positive-market-week/articleshow/111012572.cms


Spain vs Croatia Euro 2024: Prediction, live streaming, preview, head to head, start time, where to watch on TV, Online
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The Euro 2024 soccer match between Spain and Croatia will be played on Saturday afternoon. Spain is taking on Croatia in Euro 2024 Group B match at Olympiastadion Berlin on Saturday. Spain is likely to win the match against Croatia by 2-1. Spain's bid for a fourth European Championship title begins against Croatia in Berlin's Olympiastadion. Spain and Croatia are meeting for the fourth successive time at the European Championship. Spain knocked out Croatia after a 5-3 extra-time win in the round of 16 at Euro 2020. Spain also defeated Croatia on penalties to win the UEFA Nations League last year. The match will be live telecast on Fox Sports for viewers in the US.

#Spain #Croatia #Euro2024 #Soccer #Prediction #LiveStreaming #Preview #HeadToHead #StartTime #Tv #Online

https://m.economictimes.com/news/international/us/spain-vs-croatia-euro-2024-prediction-live-streaming-preview-head-to-head-start-time-where-to-watch-on-tv-online/articleshow/111010742.cms


Kanye West: Is Kanye West in financial crisis? Rapper seen flying economy class with Bianca Censori post-billionaire status - The Economic Times
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Rapper Kanye West and his wife Bianca Censori were spotted traveling in economy class on an airplane. This is not the first time they have traveled in economy. The video of them was likely taken on the day they arrived at Narita International Airport in Japan. Kanye West lost his billionaire status in October 2022 after conflicts with his business partners. He currently lives in a smaller apartment despite owning properties in California. Kanye has flown in economy class before, as reported by followers on social media. The couple's Calabasas home is in dilapidated condition, and they have been facing legal expenses from lawsuits filed by ex-employees.

#KanyeWest #BiancaCensori #EconomyClass #FinancialCrisis #BillionaireStatus

https://m.economictimes.com/news/international/us/is-kanye-west-in-financial-crisis-rapper-seen-flying-economy-class-with-bianca-censori-post-billionaire-status/articleshow/111003724.cms


Yen falls after BOJ decision; euro stutters towards weekly loss
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The yen fell after the Bank of Japan (BOJ) kept rates unchanged and announced plans to reduce bond buying. The BOJ said it would continue to buy government bonds at the current pace and would come up with a plan to trim purchases for the next one to two years at its next policy meeting in July. The yen slumped more than 0.5% to a more than one-month low of 157.895 per dollar in a knee-jerk reaction to the outcome. The euro faced political turmoil and was headed for a weekly loss. The euro rose marginally to $1.0738, nursing some of its losses from the previous session. Against the British pound, the euro languished near a 22-month low and was staring at a weekly decline of 0.9%.

#Yen #Boj #Euro #CurrencyMarkets #CentralBanks

https://m.economictimes.com/markets/forex/yen-falls-after-boj-decision-euro-stutters-towards-weekly-loss/articleshow/110985293.cms


Dollar gains on hawkish Fed, even as inflation cools
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The dollar strengthened despite weak U.S. producer price data for May, following a hawkish Federal Reserve meeting. U.S. producer prices fell unexpectedly in May, with core prices remaining flat. The Federal Reserve's stance on interest rates also influenced the dollar's performance. The dollar gained on Thursday despite a soft U.S. producer price report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline (PPI) dropping 0.2% last month after advancing by an unrevised 0.5% in April. Core prices were flat, after also seeing a 0.5% increase the prior month. It comes after May's U.S. (CPI) on Wednesday was softer than economists had expected, prompting a sharp sell-off in the greenback. Combined, the CPI and PPI releases make it likely that Personal Consumption Expenditures (PCE), the Fed's preferred inflation measure, will also show softening price pressures. The dollar is likely to remain supported as Fed policy contrasts with more dovish international central banks.

#Dollar #FederalReserve #Inflation #ProducerPrices #InterestRates

https://m.economictimes.com/markets/forex/dollar-gains-on-hawkish-fed-even-as-inflation-cools/articleshow/110982439.cms


US Supreme Court bars 'Donald Trump too small' trademark
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The US Supreme Court has barred a federal trademark for the phrase 'Trump Too Small', rejecting a California lawyer's claim that the trademark denial violated his constitutional free speech rights. The trademark application, which was rejected by the US Patent and Trademark Office, was centered on a provision in a 1946 federal trademark law that bans the registration of any trademark that uses a living individual's name without their written consent. The Supreme Court overturned a lower court's decision and ruled that the government's interest in protecting the privacy and publicity rights of public figures outweighed the lawyer's right to criticize them under the First Amendment.

#UsSupremeCourt #Trademark #DonaldTrump #FirstAmendment

https://m.economictimes.com/news/international/world-news/us-supreme-court-bars-donald-trump-too-small-trademark/articleshow/110975094.cms


Asian stocks build on Wall St records after US inflation data
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Asian stocks extended a rally across world markets as they welcomed figures showing US inflation slowed last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. The weaker-than-expected May consumer price index marked a second successive month of slowing and boosted optimism that the Fed would be able to soften after a long-running campaign of tightening. However, the Fed later released its outlook for interest rates, which showed decision-makers saw just one cut this year, down from three predicted in its previous guidance in March.

#AsianStocks #WallStreet #UsInflationData #FederalReserve #InterestRateCut

https://m.economictimes.com/markets/stocks/news/asian-stocks-build-on-wall-st-records-after-us-inflation-data/articleshow/110955895.cms


bubble of bubbles: What is this “bubble of bubbles” burst of the US Stock Markets being predicted?
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Economist Harry Dent has predicted a stock market crash called the "bubble of bubbles" due to loose monetary and fiscal policies in the US. Dent estimates that the S&P 500 could lose as much as 86% of its value and the Nasdaq Composite could lose as much as 92% of its value. The crash is expected to be worse than the sub-prime crisis in 2008. Dent believes the bubble has been building up for the past 14 years. The incoming US President may face challenges in dealing with the fallout of the economy. The likelihood of the crash remains uncertain and depends on the actions of the US Central Bank and the US Treasury Department.

#StockMarket #Crash #Bubble #Us #Economy

https://m.economictimes.com/news/international/us/what-is-this-bubble-of-bubbles-burst-of-the-us-stock-markets-being-predicted/articleshow/110947564.cms


Hong Kong stocks fall to one-month low, China down on strong US jobs data
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Hong Kong stocks hit a one-month low following strong US employment data, which reduced expectations for Federal Reserve interest rate cuts. Mainland China stocks also dropped due to downturns in the consumer sector and non-ferrous metal industry. Investors are awaiting China's May credit lending data to gauge the health of the economy.

#HongKongStocks #ChinaStocks #UsJobsData #FederalReserve #InterestRateCuts #ConsumerSector #NonferrousMetalIndustry #CreditLendingData

https://m.economictimes.com/markets/stocks/news/hong-kong-stocks-fall-to-one-month-low-china-down-on-strong-us-jobs-data/articleshow/110892601.cms


Cryptocurrency Prices on June 10: Bitcoin falls below $69.5K following hotter-than-expected US jobs report
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Bitcoin fell below $70,000 after the release of a stronger-than-expected US jobs report, causing a market selloff. The report showed that US employers added 272,000 jobs in May, more than economists had predicted. The unemployment rate also rose for a second consecutive month. As a result, major cryptocurrencies, including Bitcoin and Ethereum, experienced slight declines. Bitcoin dropped 0.1% to $69,379, while Ethereum declined 0.5% to $3,668. Other major tokens such as BNB, Solana, Dogecoin, Shiba Inu, and Chainlink also traded in the red. XRP, Tron, Kaspa, and Pepe saw gains. The market cap of Bitcoin fell to $1.368 trillion, with Bitcoin's dominance at 54.11%. BTC volume in the last 24 hours rose 16.1% to $15 billion. Despite the decline, investor data revealed around $1.7 billion in inflows into spot Bitcoin exchange-traded funds (ETFs) this week, indicating continued buying interest and expectations of an upward trend. Experts believe that the market is expected to remain choppy in the coming week.

#Cryptocurrency #Bitcoin #UsJobsReport #MarketSelloff #Ethereum

https://m.economictimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-10-bitcoin-falls-below-69-5k-following-hotter-than-expected-us-jobs-report/articleshow/110869463.cms


Euro slips to one-month low as Macron calls French election
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The euro fell to $1.0764, its lowest since May 9, as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. Eurosceptic nationalists made the biggest gains in the Sunday vote, prompting Macron to take a risky gamble to try to reestablish his authority. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations. The dollar index rose to 105.09, the highest since May 30, after U.S. nonfarm payrolls expanded by 272,000 jobs last month, exceeding economists' forecast of 185,000. Traders shifted their expectations of when the Fed will cut rates and by how much, with markets now pricing in 36 basis points of cuts this year compared to nearly 50 bps before the jobs data. The chances of a rate cut in September are now at roughly 50%. The Fed is not expected to make any change at its policy meeting this week but the focus will be on the comments from Fed Chair Jerome Powell and changes to economic projections from the policymakers. The Japanese yen weakened to 156.95 in early trading on Monday. Sterling was flat at $1.2723.

#Euro #FrenchElection #Macron #EuropeanParliament #UsNonfarmPayrolls #FedRateCut

https://m.economictimes.com/markets/forex/euro-slips-to-one-month-low-as-macron-calls-french-election/articleshow/110858411.cms


India-Pak match at fever pitch as New York’s game for more: NYC set to reap economic benefits of over $78m
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The India versus Pakistan match in the T20 World Cup is expected to have a net economic impact of over $78 million for New York City, with thousands of cricket fans in attendance. The match in Long Island is expected to bring $46 million in direct economic benefits and $32 million in indirect economic benefits to the city, according to a report by global economic consultant Anderson Economic Group LLC (AEG). The economic benefits will include ticket sales, direct attendee spending from domestic and overseas travelers, and new investments across the New York metropolitan region related to the game. AEG also expects the game's economic benefits to have a positive spillover effect on cricket's resurgence in the US, impacting league cricket franchise values and cricket-specific infrastructure development. Some global brands are looking to tap into the spending power of the South Asian diaspora in the US by rolling out campaigns on the match day. Luxury lifestyle management company RedBeryl has launched its #MakeItBlue campaign, urging fans to replace the red heart emoji in New York's iconic "I love NY" logo with a blue heart emoji to represent team India's jersey. Amul, India's largest dairy brand, has teamed up with RedBeryl as a primary sponsor for the tournament and is aggressively promoting the tournament with social media campaigns. This is the first time the US is co-hosting an international cricketing event.

#Cricket #T20WorldCup #EconomicImpact #NewYorkCity #SouthAsianDiaspora

https://m.economictimes.com/news/india/india-pak-match-at-fever-pitch-as-new-yorks-game-for-more-nyc-set-to-reap-economic-benefits-of-over-78m/articleshow/110826171.cms


In Your Dreams: Here’s what we know about new animation film’s plot and release date
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In Your Dreams is an upcoming Netflix release that has been pushed beyond 2024 even after an official timeline announcement. The film is slated to be one of the best animated Netflix Original content in recent times. The release of 'In Your Dreams' has been shifted from its scheduled 2024 release date. The film was first announced in April 2023 by Netflix and is expected to be launched in 2025. The plot revolves around a bickering brother-sister duo, Stevie and Elliot, who journey through time to make their life serene. The film is anticipated to cater to all ages. The Next on Netflix: Animation presentation featured In Your Dreams among other shows and series. Craig Robinson and Christopher Sean were presenters during the presentation. 'In Your Dreams' will be available on Netflix once it releases, and it may be released in 2025.

#Netflix #AnimationFilm #ReleaseDate #Plot #InYourDreams

https://m.economictimes.com/news/international/us/in-your-dreams-heres-what-we-know-about-new-animation-films-plot-and-release-date/articleshow/110826384.cms


Glastonbury Festival 2024: Top headliners, special performances, new app revealed
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The Glastonbury Festival 2024 will take place at Worthy Farm, near Pilton village, Somerset, England. The festival begins on Wednesday, June 26, and ends on Sunday, June 30, 2024. The top headliners for the festival include Dua Lipa, who starred in Barbie and Argyle, and Ed Sheeran, who will be headlining for the fifth time. SZA will wrap up the festival on Sunday. Special performances at the festival include Shania Twain at the Pyramid stage and a secret set at The Woodsies stage, which is believed to include Pulp, The Killers, and Kings of Leon. The festival will feature over 3,000 performances and around 83 stages. A new app has been introduced this year, allowing attendees to schedule the performances they want to see, share their calendar with friends, and connect with Spotify to find artists they already like. The app is available for both Android and iOS. The festival will also be covered by BBC across various platforms. Visitors to the festival have a chance to win a special serenade by drum and bass DJ Nia Archives on a train hosted by Glastonbury Festival.

#GlastonburyFestival #MusicFestival #Headliners #Performances #App

https://m.economictimes.com/news/international/us/glastonbury-festival-2024-top-headliners-special-performances-new-app-revealed/articleshow/110806440.cms


Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
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India's transition to coalition politics raises concerns about potential slowdowns in economic reforms. Rising protectionist measures from the US and EU pose challenges for Indian exporters, particularly in key sectors like textiles and apparel. India is unlikely to gain the same level of access to these markets as China once did. Stringent regulations, such as the EU's deforestation regulations and the US's complex authorisation requirements, create barriers for Indian exporters. Developed economies are deploying higher environmental and labour standards strategically to restrict trade. The potential impact of these protectionist measures on India's economic goals and objectives is disproportionate. Compliance with technical standards and regulations presents challenges and potential costs for Indian exporters, but also offers an opportunity to enhance the quality and safety of their products. The adoption of stricter environmental and labour standards for exports could have significant economic and social impacts on developing nations like India. The micro, small, and medium enterprises (MSMEs) in India may struggle to comply with very high standards, potentially limiting their access to the domestic market.

#IndianExports #Protectionism #Modi30 #Us #Eu #CoalitionPolitics #Textiles #Apparel #Regulations #EnvironmentalStandards #LabourStandards #Msmes

https://m.economictimes.com/news/economy/foreign-trade/trade-walls-are-rising/articleshow/110825010.cms


Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
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The upcoming Fed meeting and inflation data will provide clues for the direction of the US market. The S&P 500 has risen more than 12% this year on expectations that the Fed can control inflation without harming growth. However, recent economic data has been mixed, with strong employment numbers but a slowdown in manufacturing and a lower first-quarter growth rate. Investors will closely watch the May inflation data and the Fed meeting for signals on the central bank's rate cut plans. Some investors are concerned about the concentration of gains in a few technology and growth stocks, while others believe that strong corporate results and a favorable macroeconomic environment will continue to support stocks. Political uncertainty, including the early presidential debate, may also impact market stability. The first debate between President Joe Biden and Republican challenger Donald Trump is scheduled for June 27, earlier than usual, which could shift market attention to the 2024 presidential election. Overall, the market is looking for clarity from the Fed and hopes for a rate cut sooner rather than later to avoid prolonged elevated borrowing costs that could harm the economy.

#WallStreet #Inflation #FedMeeting #UsMarket #S&p500 #EconomicData #RateCut #PresidentialElection

https://m.economictimes.com/markets/stocks/news/wall-st-week-ahead-inflation-fed-meeting-to-give-clues-for-us-market-direction/articleshow/110811945.cms


South Korea activists defy warning to fly balloons into North
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An activist group in South Korea called Fighters For Free North Korea has flown balloons into North Korea carrying leaflets criticizing leader Kim Jong Un. The group launched 10 balloons from the border town of Pocheon with 200,000 flyers, 5,000 USB sticks containing K-pop videos and dramas, and 2,000 $1 notes. This comes just days after North Korea sent thousands of balloons carrying trash in the other direction over the border. The balloons carrying leaflets and aid parcels have been released by activists in South Korea for decades. South Korean President Yoon Suk Yeol reaffirmed his pledge to build peace through strength and achieve unification. The two Koreas are still technically at war after their 1950-53 war ended in an armistice, and the North has long denounced defectors as 'human scum'.

#SouthKorea #NorthKorea #Activists #Balloons #Leaflets #KimJongUn #Defectors #Peace #Unification

https://m.economictimes.com/news/international/world-news/south-korea-activists-defy-warning-to-fly-balloons-into-north/articleshow/110755608.cms


Nvidia's stock market value surpasses $3 trillion
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Nvidia's stock price has more than doubled this year and it's now the third most valuable company in the S&P 500. The company is also about to undergo a stock split and has seen soaring demand for its semiconductors. Nvidia's total market value is $3.011 trillion as of Wednesday. The company's 10-for-1 stock split goes into effect on June 7, giving each investor nine additional shares for every share they already own. Nvidia's revenue for the most recent fiscal quarter was $26 billion, more than triple the previous year. The company's estimated net margin is 53.4%. Nvidia's stock closed at $1,224.40 on Wednesday.

https://m.economictimes.com/tech/technology/nvidias-stock-market-value-surpasses-3-trillion/articleshow/110752383.cms


GIFT Nifty rises 90 points; here's the trading setup for today's session
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Equity markets rallied over 3% after exit polls predicted NDA's third consecutive win. Experts expect new highs and recommend focus on manufacturing, capex, infrastructure, and financials for long-term investment. GIFT Nifty traded 88 points higher at 23,555. India VIX fell 14.77% to settle at 20.94 levels. Oil prices saw a slight decline. Brent crude futures decreased by 0.3% to $78.16 per barrel. Foreign portfolio investors were net buyers at Rs 6,851 crore. The rupee gained 28 paise against the US dollar. FII net short reduced from Rs 3.18 lakh crore to Rs 1.96 lakh crore. Securities in the F&O ban period include companies in which the security has crossed 95% of the market-wide position limit.

#GiftNifty #ExitPolls #EquityMarkets #Manufacturing #Capex #Infrastructure #Financials #OilPrices #ForeignPortfolioInvestors #Rupee #Fii #F&oBan

https://m.economictimes.com/markets/stocks/news/gift-nifty-rises-90-points-heres-the-trading-setup-for-todays-session/articleshow/110684508.cms


Gold firms on Fed rate cut hopes; investors await more US data
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Gold prices edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week. Spot gold was up 0.2% at $2,331.84 per ounce as of 09:49 a.m. ET (1349 GMT), after posting a 2% gain last month. Prices hit an all-time high of $2,449.89 on May 20. Traders are currently pricing in about a 56% chance of a cut in September, according to CME FedWatch tool. Data on Friday showed that the U.S. had stabilised in April, suggesting the U.S. central bank's interest rate cut plans later this year remained intact. Analysts expect a slowdown in U.S. economic data to allow the Fed to cut interest rates later this year and lift gold prices. Meanwhile, the Reserve Bank of Australia is seen almost certain to trim rates by a quarter point to 3.75% on Thursday, which could make it the first major central bank to cut rates this cycle. Spot silver eased 0.2% to $30.31 per ounce, platinum slipped 0.9% at $1,028.85 and palladium gained 1.8% to $929.54.

#Gold #FederalReserve #UsData #InterestRates #Inflation #EconomicData

https://m.economictimes.com/markets/commodities/news/gold-firms-on-fed-rate-cut-hopes-investors-await-more-us-data/articleshow/110672430.cms


"Rewards for doing business in India are significant": Alexander Slater, MD USIBC
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Alexander Slater, the Managing Director of the US India Business Council, discussed the evolving business landscape in India post-pandemic in a podcast. India has emerged as the fastest-growing large economy in the world for two consecutive years. Slater highlighted the shift in global focus from China to India due to changes in China's economy and India's sustained rapid growth. He emphasized the significant rewards of doing business in India, including its large market size, projected economic growth, and immense human capital. Slater also mentioned the robust bilateral business relations between the United States and India, particularly in the areas of technology and defense cooperation. He emphasized the entrepreneurial spirit of Indian entrepreneurs and the potential of India's young population to drive economic progress. The article also mentions the "Initiative on Critical and Emerging Technologies" between India and the United States and the launch of the innovation bridge IndusX to strengthen defense ties.

#Business #India #Usibc #Economy #Technology #DefenseCooperation

https://m.economictimes.com/news/india/rewards-for-doing-business-in-india-are-significant-alexander-slater-md-usibc/articleshow/110664838.cms


Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
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Harsh Gupta Madhusudan predicts that the thematic focus on infrastructure, renewables, and real estate will continue. Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The recent pressure on the benchmark indices is not primarily due to concerns about the election results. The final outcome of the election will be known on June 4th. FIIs are positioned cautiously and will return once there is clear policy direction. If the BJP secures a majority, this is largely priced in by domestic investors, but not necessarily by foreign investors. The IT industry is closely tied to the US economic cycle and will bounce back once US rate cuts begin again. The electric vehicle (EV) sector in India is in its early stages and has significant growth potential. The sector has a long runway, and indigenization efforts will shape its growth trajectory.

#Infra #Renewables #RealEstate #Election #China #Fiis #ItIndustry #ElectricVehicle

https://m.economictimes.com/markets/expert-view/thematic-focus-on-infra-renewables-and-real-estate-likely-to-continue-harsh-gupta-madhusudan/articleshow/110595207.cms


Snake-Rabbit fight causes traffic snarl in South Carolina
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Vehicular traffic in Summerville, South Carolina was brought to a halt due to a fight between a snake and a rabbit, causing a traffic snarl. The origins of how the animals ended up on the roadway remain a mystery. The outcome of a snake preying on a rabbit depends on factors such as the sizes of both animals and the species of the snake. Rabbits can exhibit surprising aggression and will defend themselves if threatened.

#SouthCarolina #Traffic #Snake #Rabbit

https://m.economictimes.com/news/international/us/snake-rabbit-fight-causes-traffic-snarl-in-south-carolina/articleshow/110627902.cms


Is Donald Trump going to Rikers Island jail? From Tupac Shakur to Berkowitz, famous criminals served there
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Donald Trump has been convicted on all 34 charges against him by the [source]. While there are rumors that he has been made a political scapegoat, some [source] are creating an uproar and demanding his imprisonment. Since each of his charges carries a sentence of a maximum of four years behind bars, Donald Trump may not be a free man much longer. The sentencing of Donald Trump is awaited and will be happening on July 11 and he may by all means land up at the Rikers Island jail, which has previously seen some hotshot personalities landing up to serve their sentences. Some famous inmates of Rikers Island prison include Tupac Shakur and Lil Wayne.

#DonaldTrump #RikersIslandJail #TupacShakur #LilWayne

https://m.economictimes.com/news/international/us/is-donald-trump-going-to-rikers-island-jail-from-tupac-shakur-to-berkowitz-famous-criminals-served-there/articleshow/110627684.cms


Johnny Depp in new Terry Gilliam movie: Latest updates, plot details, cast, all you need to know
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Pirates of the Caribbean star Johnny Depp is set to feature as Satan in a new Terry Gilliam movie. The film, titled 'Carnival at the End of Days', is currently in its developmental stage, with filming scheduled to begin in January 2025. The plot revolves around Satan trying to save Earth after God decides to wipe out humanity. The movie boasts a dominant cast and has received $30 million in funding. Depp and Gilliam have previously worked together on films like 'Fear and Loathing in Las Vegas' and 'The Imaginarium of Doctor Parnassus'.

#JohnnyDepp #TerryGilliam #CarnivalAtTheEndOfDays #Film

https://m.economictimes.com/news/international/us/johnny-depp-in-new-terry-gilliam-movie-latest-updates-plot-details-cast-all-you-need-to-know/articleshow/110626507.cms


When you're stuck in a far-flung cauldron
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The article recounts the author's experience of being stuck in New Caledonia during a state of emergency and curfew. The author describes the protests and unrest happening on the island, as well as the scarcity of food and the presence of French soldiers. After nearly two weeks, the author and others were evacuated from the island. The article highlights the geopolitical significance of New Caledonia, its production of nickel, and its location in the South Pacific. The author concludes by emphasizing the importance of these far-flung islands to the world.

#NewCaledonia #Protests #Unrest #Evacuation #Geopolitics #Nickel

https://m.economictimes.com/opinion/et-commentary/when-youre-stuck-in-a-far-flung-cauldron/articleshow/110625842.cms


Hush Money Trial: Can Donald Trump self-pardon from the case if he gets re-elected as US President?
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Donald Trump is the first former president to be convicted of a felony in the hush money trial. He was found guilty of 34 counts of falsifying business records, including disguising a hush money reimbursement as legal expenses to cover up a $130,000 payment to Stormy Daniels before the 2016 election. The question of whether Trump can self-pardon has emerged, but even if he wins the presidency again, he cannot pardon himself in this case as presidential pardons only apply to federal, not state cases. Trump's sentencing is scheduled for July 11, and if jail time is imposed, he is expected to remain free while he appeals. Trump's legal team is preparing to appeal the conviction, potentially extending the legal battle beyond the 2024 elections. Trump also faces three other legal cases, and a presidential pardon could potentially influence these federal cases. However, no trial dates have been set for these cases, and legal experts predict they are unlikely to proceed before the next Election Day.

#DonaldTrump #HushMoneyTrial #Selfpardon #Conviction #Felony #FalsifyingBusinessRecords #StormyDaniels #PresidentialPardons #StateCases #Sentencing #LegalConsequences #Appeal #FederalCases

https://m.economictimes.com/news/international/us/hush-money-trial-can-donald-trump-self-pardon-from-the-case-if-he-gets-re-elected-as-us-president/articleshow/110622842.cms


FIIs follow 'sell in May and go away' mantra ahead of election results with Rs 25,600 crore sell-off
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Foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore in May, aligning with the 'Sell in May and go away' adage. The sell-off was driven by increased net shorts in index futures, outperformance of Chinese stocks, concerns about high valuations, and weak earnings in the financial and IT sectors. The FII activity in June will be influenced by the election results to be announced on June 4th and the market response to that. Positive factors for the Indian economy, such as strong GDP growth, manageable inflation, political stability, and the expectation that the RBI is done tightening monetary policy, may lead to a turnaround in FII sentiment.

#Fiis #Selloff #IndianStocks #ElectionResults #ChineseStocks #Valuations #Earnings #FinancialSector #ItSector #GdpGrowth #Inflation #PoliticalStability #Rbi #MonetaryPolicy

https://m.economictimes.com/markets/stocks/news/fiis-follow-sell-in-may-and-go-away-mantra-ahead-of-election-results-with-rs-25600-crore-sell-off/articleshow/110619874.cms


S&P downgrades French credit rating in blow to Macron
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Standard & Poor's (S&P) has downgraded France's credit rating from "AA" to "AA-" due to a deterioration in the country's budgetary position. The downgrade comes as a blow to Emmanuel Macron's government just days before EU parliamentary elections. S&P cited concerns over lower-than-expected growth and "political fragmentation" that would make it difficult for the government to implement planned reforms. France's general government debt is expected to increase to about 112 percent of GDP by 2027, contrary to previous expectations. Economy Minister Bruno Le Maire reaffirmed the government's commitment to slashing the public deficit to below three percent by 2027. Critics of the government blamed the downgrade on the Macron administration's handling of public finances and its abundant spending during the Covid pandemic. The downgrade risks putting off investors and making it more difficult for France to pay off its debt.

#S&p #CreditRating #France #EmmanuelMacron #BudgetaryPosition #EuParliamentaryElections #Growth #PoliticalFragmentation #Reforms #GeneralGovernmentDebt #PublicDeficit #CovidPandemic #Investors #Debt

https://m.economictimes.com/news/international/world-news/sp-downgrades-french-credit-rating-in-blow-to-macron/articleshow/110612202.cms


Nasdaq falls 1%; Salesforce shares weigh on tech
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Nasdaq dropped more than 1% due to declines in the tech and communication services sectors. Salesforce shares plunged 19.7% after the company forecasted lower-than-expected second-quarter profit and revenue. The S&P 500 technology sector dropped 2.5% and was the biggest drag on the benchmark index. The Commerce Department reported slower Q1 growth than previously estimated. The S&P 500 lost 0.60% to end at 5,235.48, while the Nasdaq Composite lost 1.08% to 16,737.08. The Dow Jones Industrial Average fell 0.86% to 38,111.48. U.S. Treasury yields dipped following the data.

#Nasdaq #Salesforce #Tech #StockMarket

https://m.economictimes.com/markets/stocks/news/nasdaq-falls-1-salesforce-shares-weigh-on-tech/articleshow/110577792.cms


Rupee rises 3 paise to 83.10 against US dollar in early trade
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The rupee gained 3 paise against the US dollar, reaching 83.10, driven by positive domestic equities and USD weakness in global markets. The rupee is likely to trade with a positive bias tracking a positive trend in domestic equities and expectations of fresh foreign inflows. In the interbank foreign exchange market, the local unit opened at 83.14 and gained further ground to trade at 83.10 against the greenback, registering a gain of 3 paise from its previous closing level. The USD/INR pair is expected to move within a narrow range of 83.00 to 83.20. The rupee is expected to appreciate to around 82.80-82.50 in the near term, with medium-term projections ranging between 82.20 and 82.00. On the domestic equity market, the 30-share BSE Sensex was trading 124.2 points, or 0.16 per cent higher at 75,514.70 points. The broader NSE Nifty rose 47.95 points or 0.21 per cent to 22,980.40 points in initial trade. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 541.22 crore.

#Rupee #UsDollar #ForexMarket #DomesticEquities #UsdWeakness #InterbankForeignExchangeMarket #BseSensex #NseNifty #ForeignInstitutionalInvestors

https://m.economictimes.com/markets/forex/rupee-rises-3-paise-to-83-10-against-us-dollar-in-early-trade/articleshow/110483531.cms


Will there be 'The Sympathizer' Season 2? This is what Executive Producers Amanda Burrell and Susan Downey said
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Executive Producers Amanda Burrell and Susan Downey indicated the possibility of 'The Sympathizer' Season 2 despite it being a limited series. The series, created by Park Chan-wook, revolves around the Captain (Hoa Xuande) in the South Vietnamese army who escapes to the U.S. with his general toward the end of the Vietnam War. Amanda Burrell mentioned that there are three books and more to come, as the author Viet Thanh Nguyen is obsessed with these characters. Susan Downey stated that there is more story to be told for the Captain's journey in this world. The series concluded on May 26 on HBO.

#TheSympathizerSeason2 #AmandaBurrell #SusanDowney #VietThanhNguyen #HoaXuande #ParkChanwook

https://m.economictimes.com/news/international/us/will-there-be-the-sympathizer-season-2-this-is-what-executive-producers-amanda-burrell-and-susan-downey-said/articleshow/110476058.cms


How China and Russia are vying to disrupt US military edge in outer space
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Russia and China are developing abilities to counter the US in the space sector. The weaponization of outer space has emerged as a concern for mankind. The launch of a satellite into the Low Earth Orbit by China last week has turned the spotlight on a race that is developing in outer space between different countries. War is not just fought on Earth but has now expanded to cyberspace and outer space. This was demonstrated by Russia during its invasion of Ukraine. A cyber-attack crippled the defense forces in Kyiv and other European capitals that were dependent on a communication satellite. Countries with capabilities of counter-offensive capabilities are focusing on disabling communication satellites and using anti-satellite weapons to bring down enemy satellites. The US has over 5000 operational satellites orbiting space, while China has 628 and Russia has fewer than 200 satellites. Russia is focusing on developing its electronic warfare abilities and China is focusing on countering the US on various fronts. There are concerns about the development of nuclear space assets and the need for countries to renew their pledges to not use outer space for non-peaceful purposes.

#China #Russia #Us #Military #OuterSpace

https://m.economictimes.com/news/international/us/how-china-and-russia-are-vying-to-disrupt-us-military-edge-in-outer-space/articleshow/110469433.cms


Viksit elections, Bharat? Onus on EC and next govt to make election process less harrowing
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The article discusses the need for the Election Commission (EC) and the next government to make the election process in India less burdensome. The author highlights that the long duration of the election season, which can last up to six months, affects policymaking and creates a drain on candidates, campaigners, and citizens. The article suggests several measures to improve the election process, including the use of digital or online voting, voting at home, and shorter intervals between successive rounds of a multi-phase election. The author also proposes the abolition of the 48-hour period of silence between the end of campaigning and voting. The onus is on the EC and the incoming government to implement these changes.

#Elections #ElectionCommission #Government #Policymaking #Voting #Campaigning

https://m.economictimes.com/opinion/et-commentary/viksit-elections-bharat-onus-on-ec-and-next-govt-to-make-election-process-less-harrowing/articleshow/110444235.cms


India in trade deficit with nine of top 10 trading partners in 2023-24
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India recorded a trade deficit with nine of its top 10 trading partners in 2023-24, including China, Singapore, and the US. The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion, and Hong Kong to USD 12.2 billion in 2023-24. China has emerged as India's largest trading partner with USD 118.4 billion of two-way commerce in 2023-24. India has a trade surplus of USD 36.74 billion with the US in 2023-24. India's total trade deficit in the last fiscal narrowed to USD 238.3 billion as against USD 264.9 billion in the previous fiscal.

#India #TradeDeficit #TradingPartners #China #Singapore #Us

https://m.economictimes.com/news/economy/foreign-trade/india-in-trade-deficit-with-nine-of-top-10-trading-partners-in-2023-24/articleshow/110437028.cms


Gold loses momentum on ebbing rate cut speculation
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Gold prices rose on Friday as the dollar slipped, but were heading for their worst week in five and a half months due to hopes of U.S. central bank interest rate cuts affecting Western investors' interest. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%. U.S. gold futures settled 0.1% lower to $2,334.50. Bullion hit a record high of $2,449.89 on Monday, but has shed more than $100 since then and is on track for a 3% drop this week, its worst weekly dip since early December. Minutes from the Fed's last meeting published this week showed the central bank's path to 2% inflation could take longer than expected. Traders' bets signalled growing doubts that the Fed will cut rates more than once in 2024, currently pricing in about a 63% chance of a rate cut by November according to the CME FedWatch Tool. Higher interest rates make non-yielding gold a less appealing investment. Despite uncertainty around U.S. rate outlook, gold prices managed to gain 13% so far this year, largely on the back of strong geopolitical uncertainties, analysts have noted.

#Gold #InterestRates #UsFederalReserve

https://m.economictimes.com/markets/commodities/news/gold-loses-momentum-on-ebbing-rate-cut-speculation/articleshow/110413109.cms


US extends some Chinese tariff exclusions, but many to fall away
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The US Trade Representative's (USTR) office has announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, and said some would be extended through May 31, 2025. The exclusions were previously scheduled to expire on May 31, but USTR said it was extending them to allow for a transition. However, many product categories will once again face tariffs, including garage-door openers, switches used in motor vehicles, printed circuit board assemblies, electric motorcycles, natural graphite, and duffel and messenger bags. The US imposed tariffs on Chinese imports in 2018 and 2019, and the exclusions are part of ongoing trade tensions between the two countries.

#UschinaTradeWar #TariffExclusions #ChinaSection301

https://m.economictimes.com/news/international/world-news/us-extends-some-chinese-tariff-exclusions-but-many-to-fall-away/articleshow/110412453.cms


Rupee touches six-week high on likely dollar inflows; forward premiums decline
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The Indian rupee reached its highest level in six weeks, trading at 83.1750 against the US dollar, supported by likely dollar inflows and a decline in forward premiums. The rupee's gain was aided by equity-related dollar sales and net buying of $560 million of Indian stocks by foreign investors. The 1-year implied yield for the dollar-rupee slipped, while the 1-year US Treasury yield rose. The overall outlook for the rupee appears strongly positive, according to Amit Pabari, managing director at FX advisory firm CR Forex.

#Rupee #DollarInflows #ForwardPremiums #IndianStocks #ForeignInvestors

https://m.economictimes.com/markets/forex/rupee-touches-six-week-high-on-likely-dollar-inflows-forward-premiums-decline/articleshow/110381949.cms


Sensex ends 267 points higher, Nifty near 22,600 ahead of Fed mins
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The Sensex gained 267 points, or 0.36%, to settle at 74,221, while the Nifty surged 69 points, or 0.32%, to end at 22,598. The gains were led by fast-moving consumer goods and Reliance Industries. Paytm shares closed 4.8% higher after hitting a 5% upper circuit following the Q4 results. The Indian rupee closed at 83.28 against the U.S. dollar. The Federal Reserve minutes due later in the day will offer clues about the rate cut trajectory in the U.S. economy.

#Sensex #Nifty #FedMinutes #FastmovingConsumerGoods #RelianceIndustries #Paytm #Q4Results #IndianRupee #RateCut #UsEconomy

https://m.economictimes.com/markets/stocks/news/sensex-ends-267-points-higher-nifty-near-22600-ahead-of-fed-mins/articleshow/110332766.cms


Cipla gets USFDA nod to market Lanreotide injection
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Cipla has received approval from the US FDA to market its Lanreotide injection, a generic medication for treating acromegaly and other conditions. The product is a therapeutic equivalent of Somatuline Depot Injection, which had sales of around USD 898 million in the US for the 12-month period ending March 2024.

#Cipla #LanreotideInjection #Usfda #Acromegaly #SomatulineDepotInjection

https://m.economictimes.com/industry/healthcare/biotech/cipla-gets-usfda-nod-to-market-lanreotide-injection/articleshow/110326237.cms


Cannes: Demi Moore's 'The Substance' receives 11-minute standing ovation
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French filmmaker Coralie Fargeat's film 'The Substance' received an 11-minute standing ovation at the Cannes Film Festival. The film stars Demi Moore and Margaret Qualley and is praised for its feminist take on the horror genre. This is the first project to receive such a long applause from the Cannes audience this year. The story revolves around a middle-aged actress (Moore) who tests a mysterious product that brings out her best version, played by Qualley. The film marks the debut for Moore and Fargeat at Cannes. The Cannes Film Festival began on May 14 and will conclude on May 25.

#CannesFilmFestival #TheSubstance #DemiMoore #MargaretQualley

https://m.economictimes.com/magazines/panache/cannes-demi-moores-the-substance-receives-11-minute-standing-ovation/articleshow/110286635.cms


Retailers cut stocks of impacted spice brands like MDH and Everest
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About 32% of retailers are limiting stocks of MDH and Everest branded packaged spices alleged to have contaminants, exceeding permissible ethylene oxide levels. Hong Kong, Singapore, and Nepal have put restrictions on the sale of some variants of spices from the brands. The controversy has had limited impact on overall branded spices as a category. The All India Consumer Products Distributors Federation issued an advisory to retailers to limit stocking of branded spices.

#Retail #SpiceBrands #Mdh #Everest #Contaminants #EthyleneOxide #Restrictions #AllIndiaConsumerProductsDistributorsFederation

https://m.economictimes.com/industry/services/retail/retailers-cut-stocks-of-impacted-spice-brands-like-mdh-and-everest/articleshow/110281323.cms


New PoS deployment grows at slowest pace since demonetisation: RBI data
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New point-of-sale (PoS) terminal deployment in fiscal 2023-24 grew at the slowest pace since demonetisation, according to data from the Reserve Bank of India (RBI). Between March 2023 and 2024, new PoS terminal deployment rose 14% to 8.9 million, about half the rate of the preceding two years. The deployment of QR codes for UPI payments has doubled in the last two years, with 346 million QR codes in use in March 2024. The convenience of UPI and the government's zero discount rate (MDR) for UPI transactions are encouraging merchants to switch to UPI payments over card swipes. However, the decline in debit card usage is hurting banks' revenue from payments business. The value of debit card transactions fell in FY24 compared to FY23, and the decline in interchange income for banks is affecting their ability to invest in safety features for digital payments. Credit card usage has seen exponential growth, with over 100 million credit cards issued in India. PoS machines are still relevant due to credit card usage and large merchants where the average ticket size of transactions is big. To keep PoS terminals relevant, payment companies are building software services on top of the payment functions, allowing merchants to offer value-added services. However, the popularity of UPI is eating away debit card volumes in the smaller retail segment.

#PosDeployment #RbiData #Demonetisation #QrCodePayments #UpiTransactions #DebitCardUsage #CreditCardUsage

https://m.economictimes.com/tech/technology/qr-code-payments-swiping-at-pos-terminals/articleshow/110258685.cms


BJP has launched 'Operation Jhaadu' to crush AAP: Arvind Kejriwal
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Delhi Chief Minister Arvind Kejriwal claims that the BJP has launched 'Operation Jhaadu' to crush the Aam Aadmi Party (AAP). Kejriwal stated that the BJP sees AAP as its primary adversary and is worried about its rise. He warned party workers to be prepared for bigger challenges ahead, including frozen bank accounts and the loss of their office. Kejriwal also mentioned that he and other AAP leaders planned to peacefully march to the BJP headquarters on May 19 and wait to see if they would be arrested. The alleged assault of Rajya Sabha MP Swati Maliwal has become political, with AAP accusing the BJP of being involved in conspiracies. Kejriwal is currently out on interim bail in the excise policy case.

#Bjp #OperationJhaadu #Aap #ArvindKejriwal #Delhi #SwatiMaliwal

https://m.economictimes.com/news/elections/lok-sabha/delhi/bjp-has-launched-operation-jhaadu-to-crush-aap-arvind-kejriwal/articleshow/110254689.cms


From Tokyo to New York, stock markets are on a record-hitting spree around the world
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Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. Looming inflation, healthy economies, and low risks are driving the activity. The rally is broadening out and there are plenty of potential drivers to keep it going, such as the $6 trillion sitting in money market funds.

#StockMarkets #EquityMarkets #RecordHighs #S&p500 #Nasdaq100 #DowJonesIndustrialAverage #MsciAcwiIndex #Inflation #Economies #MoneyMarketFunds

https://m.economictimes.com/markets/stocks/news/from-tokyo-to-new-york-stock-markets-are-on-a-record-hitting-spree-around-the-world/articleshow/110250747.cms


Babes streaming availability: When and where to watch the movie online?
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The movie 'Babes' stars Michelle Buteau and Ilana Glazer as lifelong friends navigating adulthood and parenthood. As of now, the movie is only available in theaters. However, it is expected to be available for streaming on Hulu in mid-August 2024. It will not be available on HBO Max or Netflix. Digital rental and purchase options will be available on platforms like Amazon and Google Play after the theatrical run. Michelle Buteau is married to photographer Gijs van der Most and they have twins. Ilana Glazer and Abbi Jacobson's relationship on the show 'Broad City' has been described as a romantic friendship.

#Babes #Streaming #Movie #MichelleButeau #IlanaGlazer #Theaters #Hulu #HboMax #Netflix #DigitalRental #DigitalPurchase

https://m.economictimes.com/news/international/us/babes-streaming-availability-when-and-where-to-watch-the-movie-online/articleshow/110237747.cms


Israeli leaders split over post-war Gaza governance
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Israeli leaders are divided over the governance of post-war Gaza. Israeli Prime Minister Benjamin Netanyahu has rejected the idea of post-war Palestinian leadership in Gaza, causing a rift among top politicians. Defence Minister Yoav Gallant criticized Netanyahu for failing to rule out an Israeli government in Gaza after the war. The lack of clarity on post-war governance benefits Hamas, who insists on its involvement. The Israeli army has been battling Hamas militants in Gaza for over seven months and has faced pressure from Iran-backed Hezbollah forces along the northern border with Lebanon.

#Israel #Gaza #BenjaminNetanyahu #Hamas #YoavGallant

https://m.economictimes.com/news/defence/israeli-leaders-split-over-post-war-gaza-governance/articleshow/110233596.cms


US shows understanding of Chabahar Port operations importance: India
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The United States has shown an understanding of the importance of the Chabahar Port operations for continued humanitarian supplies to Afghanistan and to provide Afghanistan with economic alternatives, according to the Ministry of External Affairs. The US has also appreciated the larger relevance of the Chabahar project in the context of humanitarian supplies to Afghanistan. This comes in response to the US threat of sanctions following the India-Iran 10-year deal on the management of the Chabahar Port. India's commitment to the port is to realize its potential as a connectivity hub for Afghanistan and Central Asian countries. The Indian company, India Ports Global Limited, has been operating the port since 2018 on an interim lease. The US had exempted India from certain sanctions for the development of the Chabahar Port in 2018, recognizing India's role in the port's development. The waiver covered not only Afghanistan but also Central Asia and the International North South Transport Corridor (INSTC).

#ChabaharPort #Afghanistan #India #UnitedStates #Sanctions

https://m.economictimes.com/news/india/us-shows-understanding-of-chabahar-port-operations-importance-india/articleshow/110217062.cms


Taiwan is selling more to the US than China in major shift away from Beijing
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Taiwan is shifting its focus away from China and towards the United States. The world's largest computer chip maker, TSMC, announced bigger investments in the U.S. last month after a boost from the Biden administration. Taiwanese semiconductor company ended its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry. The U.S. displaced mainland China as the top destination for Taiwan's exports in the first quarter of the year for the first time since the start of 2016. Taiwan's investments in mainland China have fallen to the lowest level in more than 20 years, dropping nearly 40% to $3 billion last year from a year earlier. Taiwan's investments in the U.S. surged ninefold to $9.6 billion in 2023. Washington and Taipei signed a trade agreement last year, and they're now negotiating the next phase. U.S. lawmakers also have introduced a bill to end double taxes for Taiwanese businesses and workers in the U.S.

#Taiwan #China #UnitedStates #Trade #Economy

https://m.economictimes.com/news/international/world-news/taiwan-is-selling-more-to-the-us-than-china-in-major-shift-away-from-beijing/articleshow/110196257.cms


Norway excludes Adani Ports, US and Chinese cos from pension fund
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Norway's central bank, Norges Bank, has excluded Adani Ports, US-based L3Harris Technologies, and China's Weichai Power from its pension fund. The exclusion of Adani Ports is based on the company's unacceptable risk of contributing to serious violations of individuals' rights in situations of war or conflict. Adani Ports has been under observation since March 2022, and the decision to exclude it is based on a recommendation from the Council on Ethics of November 21, 2023.

#Norway #AdaniPorts #L3harrisTechnologies #WeichaiPower #PensionFund

https://m.economictimes.com/markets/stocks/news/norway-excludes-adani-ports-us-and-chinese-cos-from-pension-fund/articleshow/110191189.cms


Aluminum products maker Novelis makes US IPO filing public
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Novelis, an aluminum products maker owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, has made its filing for a US IPO public. The company is seeking to complete the IPO as early as early June and will list on the New York Stock Exchange under the symbol 'NVL'. BofA Securities and Citigroup Global Markets are the lead underwriters for the offering. In fiscal 2024, Novelis reported revenue of $16.21 billion and net income of $600 million.

#Novelis #Ipo #Aluminum #AdityaBirlaGroup #HindalcoIndustries #UsIpo #NewYorkStockExchange

https://m.economictimes.com/markets/ipos/fpos/aluminum-products-maker-novelis-makes-us-ipo-filing-public/articleshow/110099846.cms


Dollar drifts as traders eye US inflation data; frail yen in focus
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The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers. Traders are back on tenterhooks as the yen nears levels that saw suspected interventions by Tokyo. The dollar index, which measures the U.S. currency against six rivals, was last at 105.25. Nearly two-thirds of economists expect the Fed to cut its key rates twice this year, starting in September, a Reuters poll showed.

#CurrencyMarket #UsInflation #FederalReserve #Yen

https://m.economictimes.com/markets/forex/dollar-drifts-as-traders-eye-us-inflation-data-frail-yen-in-focus/articleshow/110099706.cms


SBI's 85 pc hires to be engineering grads in FY25
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State Bank of India (SBI) plans to onboard around 12,000 freshers in FY25, with 85% being engineering graduates. Chairman Dinesh Khara emphasizes no bias towards engineers, focusing on training for various business and IT roles. SBI invests heavily in tech training to meet increasing sector demands and regulatory standards, ensuring staff stay ahead in technology.

#Sbi #Hiring #EngineeringGraduates #DineshKhara #BusinessRoles #ItRoles #TechTraining

https://m.economictimes.com/jobs/government-jobs/sbis-85-pc-hires-to-be-engineering-grads-in-fy25/articleshow/110054835.cms