Even mild Covid infection causes heart problems: Report
The study is the first to compare pre and post Covid-infection levels of arterial stiffness; a marker associated with the ageing and function of our arteries. "The aftermath of the Covid infection, commonly known as long Covid, is associated with increased risk of cardiovascular disease, dementia, and in extreme cases death," it said.
Change is a constant, we know that. Yet, there is so much resistance to change, in us. We wish to change people, circumstances, the weather, in fact, we would like to change everything around us if we could. But when it comes to making even a small change in us, there is so much resistance.
Expect India to be Citroen's biggest growth driver outside Europe: CEO Thierry Koskas
French automaker Citroen expects India to be its biggest growth driver outside Europe as it looks to have 30 per cent of its total sales coming from international markets outside the continent by 2025, its global CEO Thierry Koskas said on Thursday.
Flyer slams Air India staff for missing kitten at Delhi airport
Air India has been accused of mismanagement after a flyers kitten went missing at Indira Gandhi International Airport in New Delhi. The passenger was reportedly given two options by staff - to reschedule or to move to business class with her pets. Although she moved to business class as there was no option to reschedule, Air India staff later told her that there were no seats in the section, and that the cats would have to travel in cargo. One of the kittens later allegedly escaped from its cage.
Karnataka Polls: EC to hold enquiry on Amit Shah’s comments tomorrow, says RS Surjewala
AICC general secretary RS Surjewala and Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar, who filed the complaint at the High Grounds police station, said Shah, sitting in a high position, was trying to intimidate voters by saying that Karnataka would see communal strife if the Congress came to power.
Kazakhstan holds meeting of unique mechanism to strengthen multiculturalism & pluralism
APK has played an important role in the political modernization of the country and strengthening nationwide unity. This is what President Kassym-Jomart Tokayev said at the XXXII session of the Kazakhstan Peoples Assembly, which opened in capital Astana on Thursday.
Stay invested in financials, there will be opportunities to shift between banks: Tushar Bohra
The credit cycle in banks is currently strong, but it is expected to moderate over time. Banks with strong liability franchises are predicted to remain profitable. There are also opportunities for shifts between banks, with large banks like HDFC and Kotak having not performed as well as other banks in recent times. However, it is more important to be selective with investments rather than making overall sectoral calls. The pharma sector is still early in its momentum, with the API and CRAM space having strong potential for returns over the next few years.
Bank FD interest rates touch 9%; which fixed deposit tenure will get you best returns: 1,2,3 or 5 years?
Rising interest rates in the last year have made fixed deposits attractive. Fixed deposit interest rates have touched a lucrative 9 per cent in small finance banks. Several private sector lenders, including HDFC Bank and ICICI Bank give interest rates of up to 7.1 per cent on FDs. Senior citizens can even earn an additional interest rate of 0.50 per on fixed deposits. Short-term or long-term — which should be the ideal tenure to book to get the maximum return on fixed deposits? Let's find out.
Can we see any trend in midcap IT stocks? Anand Tandon answers
Most of India's IT companies are geared towards the struggling banking sector, therefore services companies with a portfolio of banks and NBFCs will face problems with slowing demand over the next few quarters, according to Anand Tandon. He stresses that some smaller companies may beat the general downtrend by developing products that will see growth. Valuation is fluctuating across the retail side of the market, and it is a sector that requires further maturity before arguing that it is a reasonably stable business to be valued.
There will be broad consumption slowdown in FY24 based on a high base effect: Seshadri Sen
The fact that there was a lot of post Covid, front ending in many categories, which is yet to really unwind and therefore discretionary demand, except for autos continues to be challenging and then the commentary does not seem to change from whatever we have heard so far.
India slams Pakistan for raking up Kashmir issue at UN
India has stated that Jammu and Kashmir and Ladakh are integral and inalienable parts of the country, and no amount of rhetoric, propaganda or misinformation from any country can change that. Pakistan consistently brings up this issue at various UN platforms, while India maintains that the scrapping of Article 370 was an internal matter of the country.
Are you an NRI who wants to return to India after retirement? Take note of these facts
Non-resident Indians (NRIs) should invest in financial assets such as mutual funds if they need to remit money back and forth between India, according to Harsh Roongta, Founder of Fee Only Investment Advisers. He advised against investing in real estate because it may be difficult to sell and repatriate outside of India. NRIs should also consider double taxation, paying in multiple countries if applicable, when assessing investments. NRIs can invest in life and health insurance policies in India, but the payout process may be cumbersome if families want to repatriate the money overseas.
Is there a frenzy in some of these railways and defence stocks? Dipan Mehta answers
Dipan Mehta, believes the recent surge in India's cash market is not down to a frenzy, rather investors are merely playing catch-up following a long period of underperformance. Despite the fact railway and state PSUs are trading at attractive valuations, Mehta says the low leverage in the market shows its stable and moves towards these stocks are based on momentum rather than pure speculation. Mehta expects the capital goods sector to yield a high number of positive surprises while banks and autos are doing well.
Largecaps are no longer dictating trends in the IT sector. Dipan Mehta explains why
Midcap software companies have finally realised their strengths, according to Dipan Mehta, Director of Elixir Equities. They are focusing on specific niches and clients are recognising the importance of working with niche players to extract maximum value from them. Mehta believes there is a big divergence in the growth rate of midcap and large firms in the IT sector, which only adds to "the maturity of the industry".
Crude oil prices to remain volatile: Peter McGuire
I think there are so many different components to this melting pot and we understand the Russia situation. So, it is hard to pinpoint where their strategy is going to be and where the overall themes are, but there are so many differing viewpoints.
We are cautious to neutral in IT, prefer largecaps: Shibani Sircar Kurian
Kotak Mahindra Asset Management's Shibani Sircar Kurian believes that margins for the banking sector have bottomed out, and the sector should drive earnings growth for FY23 and FY24. The loan growth and deposit momentum have remained strong, and the exit margins are high, which will have a positive impact on banking margins going forward. However, the IT sector's outlook is uncertain due to cost-cutting measures and cautious designs of IT budgets, leading to muted growth and margins.
Market likely to experience sharp FII inflows by end of ‘23 and beginning of ‘24: GV Giri
Inflation may be tamed and come under control towards the end of the year, according to GV Giri, President of IIFL Securities. The expectation of a weakened US economy with possible rate cuts could weaken the dollar and lead to money coming back to the market in late 2021 or early 2022. Giri predicts a slowdown and potential outflow of funds from the market for the next 6-8 months, with a possible earnings recession globally and in India.
FY24 earnings can be better than what the Street is estimating. Sumit Poddar explains why
Tikona Capital's Sumit Poddar believes India is at an inflection point of healthy earnings in the second half of the year. He noted that in the last 12 to 18 months, runaway inflation was apparent, amid steep interest rate rises. However, as inflation has fallen, interest rates could stabilise, and Poddar expects FY24 earnings to be better than estimated. Institutional anti-fragility has taken shape post-Covid, and India now offers a healthy, sustainable growth point amid a slowing world.
Gujarat defines a dividend formula, state PSUs surge
"The policy is favourable for the shareholders, especially the minority ones," said Nilesh Shah, managing director, Kotak Mahindra AMC. "It gives predictability and clarity to shareholders on how a company will distribute dividends or issue bonus shares."
Chivas-maker Pernod Richard moves HC against Delhi licence rejection
Senior counsel Mukul Rohatgi, appearing for the company, said neither the company nor its any employee was mentioned in the CBI chargesheet in the liquor policy case and the government had mixed up the people who were part of the chargesheet. "There is a south lobby of politicians and there is a man in Delhi called Vijay Nair. The south lobby gave money to Nair so that policy was in favour of the former," he argued, adding that "all the facts (taken note of by the Delhi government) are wrong as they have jumbled all the people's names in the chargesheet."
The cartoons in the Danish newspaper Jyllands-Posten raise the most important question of our times: freedom of expression.... A democracy cannot survive long without freedom of expression, the freedom to argue, to dissent, even to insult and offend....
View: SWAGAT is an earliest model in e-governance, transparency and e-accountability
SWAGAT has been recognised internationally and nationally, receiving the UNs public service award in 2010, and the National e-Governance Award in 2013 during UPA rule. It has become a global case study for IT-based grievance redressal mechanisms. Even more satisfying is the fact that it has helped the common man get justice in no cost and time.
ETtech Explainer: How complaints by Indian startups against Google question CCI’s adjudicatory authority
The Alliance of Digital India Foundation (ADIF) approached the Delhi HC in a matter pertaining to Google's new in-app purchase billing system. However, the issue quickly evolved into ascertaining whether Indias competition watchdog, given its lack of quorum, could take up the complaints.
Why Humanities is still an important study choice in today’s technology driven world
Much of the dialogue around post-secondary education revolves around the vital importance of technology but that comes at the expense of other streams, primarily Humanities and Social Sciences (HSS). This emphasis results in the short-sighted weakening, and in extreme cases, the elimination of the “soft” disciplines from universities globally.
Widespread Russian oil price violations likely took place in Asia in the first quarter
In December, the G-7 imposed a $60 a barrel price cap on Russian oil, barring companies in those nations from providing a wide range of services, particular insurance and shipping, if the cargoes were bought above that level.
We are looking at becoming carbon neutral by 2050: Neeraj Kanwar, Apollo Tyres
I am again very optimistic about Europe, given that we are a very niche player. We are targeting markets where we are less than 2% market share; France, Italy, Spain and UK are the four countries that there is clear focus as far as Apollo in Europe is concerned.
Sumant Kathpalia on IndusInd Bank margins, Hindujas raising stake & more
IndusInd Bank's MD and CEO, Sumant Kathpalia, has stated that despite deposit costs being higher than the market, the bank plans to continue prioritizing granularisation of liabilities. Currently at 43% as per Basel-3, the bank aims to increase the percentage of granular liabilities to 48-50% by expanding branches and focusing on providing optimal rates for clients. Kathpalia further stated that the bank is confident in maintaining a stable margin scenario.
'Dune 2,' 'Barbie' emerge as the brightest star at CinemaCon showcase
CinemaCon attendees will be among the first to see 'The Flash' (out June 16) - a film that has been the source of extra scrutiny because of star Ezra Miller's series of arrests and reports of erratic behaviour.
No need to worry about asset quality of banks from 12 to 18 month perspective: Sunil Tirumalai
I do not think we are at such a situation right now so we actually have banks as one of the most preferred places for us in the market primarily because given the kind of nominal GDP growth that we have in India and the penetration levels so you will get decent credit growth.
We have initiated coverage both on Zomato and Paytm; looking at a 30% upside: Hemang Jani
Equity strategist Hemang Jani believes that India has a long runway of growth for food delivery, fintech, and other industries. Market exuberance for startup companies has returned as prices among these companies fell sharply and operational numbers have improved. Zomato and Paytm are two popular startup companies that are becoming more compelling for high-risk investors.
Positive on IT stocks in long term; in short term, they won’t do much: Deepak Shenoy
Deepak Shenoy believes that larger cap companies in India will eventually recover as their core business is attractive and they have no debt and the ability to expand. However, in the short term, stocks will not do well. The new age companies face selling pressure from insiders and venture capitalists, and the charisma of a leader can affect motivation and the stock price.
Growth to moderate at broader level; Expect more earnings downgrades in Q1 and Q2: Ganeshram Jayaram
Ganeshram Jayaram predicts that India's exports, particularly the IT sector, will be impacted by narrow interest rate differentials between India and the US, leading to lesser capital flows. This shift will also put pressure on deposit growth and keep interest rates higher. Jayaram advises clients to be cautious with growth expectations and recommends a tilt toward quality names. The Nifty is expected to show flattish returns, while sectors such as cement and industrials may offer margin of safety.
Why Sanjeev Prasad doesn’t expect manufacturing to be a big theme in the current market
Kotak Institutional Equities' Sanjeev Prasad believes there are currently few viable manufacturing plays, and little chance of interesting manufacturing companies getting listed in future. Prasad expects recovery in demand for consumer discretionary items in 2-4 quarters, but is more positive about consumer staples as job recoveries improve. Despite being positive overall on manufacturing and construction, Prasad cautioned that the lack of listed companies in the sector.
REC to float perpetual bonds of up to Rs 2,000 crore
Perpetual bonds do not have a maturity date, although the call option implies that the issuer has the right to redeem the bonds on a fixed date. The appeal of such securities for investors stems from the fact that they typically pay a higher interest rate than many other fixed-income instruments.
Airtel weathered storms to emerge as strong institution: Sunil Mittal
Sunil Mittal also said that Indus Towers, in which Airtel owns a significant stake, like any other company, will eventually have no choice but to seek legal recourse unless Vodafone Idea starts clearing dues. He added that Airtel is willing to take full control of the company to ensure its viability as it's critical for its infrastructure.
Finally, southern comfort? Karnataka may be the start of BJP’s big push in the south for 2024 polls
An entire cast of regional satraps who embodied the past have either passed on, or are in the processing of passing on the baton to the next generation. This backdrop does provide BJP an opportunity to make deeper inroads, given a relatively more stable central leadership at the moment.
Will Sudan war cast a shadow on China’s BRI projects in Africa and Arab world?
Even as China that controlled 75% of foreign investment in Sudans oil sector till 2018, has now reduced its dependency on Sudan for oil, it is engaged in the development of infrastructure such as roads, railways, and bridge construction. Being the first sub-Saharan country to recognise China in the 1950s, Sudan has seen a visible Chinese presence on its soil in the past seven decades.