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Economic Times

  • newEx-US President Barack Obama's sister teargassed live on air in Kenya
    Amidst protests against the Finance Bill, Kenya was designated a major non-NATO ally by US President Joe Biden, sparking concerns of security personnel abducting bloggers and content creators.
    - 3 hours ago 25 Jun 24, 9:41pm -
  • newWorld Bank member IFC invests Rs 650 cr in Mindspace REIT’s sustainability-linked bonds
    Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds.
    - 7 hours ago 25 Jun 24, 6:26pm -
  • newTech View: Nifty breaks key hurdle after 2 weeks. Here’s how to trade on Wednesday
    Nifty maintains positive momentum, poised for potential breakout towards 24,000 with immediate support at 23,550, says HDFC Securities analyst. According to experts, Nifty moved above 23,700 to make a new all-time high of 23,754, showing resilience amid global sluggishness.
    - 7 hours ago 25 Jun 24, 6:00pm -
  • newYES Bank board to consider fundraising via debt
    YES Bank intends to raise funds through the issuance of debt securities, potentially including non-convertible debentures (NCDs), bonds, or Medium Term Notes (MTNs). The bank's board approved this fundraising plan during a meeting on Tuesday, where they also finalized the draft notice for the annual general meeting scheduled for August 23rd. YES Bank's shares have surged 50% over the past year, significantly outperforming the Bank Nifty index, which gained 21% in the same period.
    - 8 hours ago 25 Jun 24, 5:33pm -
  • newAkme Fintrade shares to list tomorrow. What GMP signals ahead of listing?
    With a strong financial performance and growth trajectory, our upcoming listing is poised for success. The oversubscribed IPO reflects investor confidence in our business model and potential for further expansion. Partnering with industry experts like Gretex Corporate Services ensures a solid foundation for future growth.
    - 10 hours ago 25 Jun 24, 3:06pm -
  • newCanadian MP criticises parliament's tribute to Nijjar amid extremism concerns
    Chandra Arya, MP for Nepean, voiced discontent with his own government's stance. He referenced a Globe and Mail investigation revealing Canadian authorities' concerns about Nijjar's alleged ties to extremism.
    - 11 hours ago 25 Jun 24, 2:03pm -
  • new"It's all happening again": The supply chain is under strain
    The intensifying upheaval in shipping is prompting carriers to lift rates while raising the specter of waterborne gridlock that could again threaten retailers with product shortages during the make-or-break holiday shopping season. The disruption could also exacerbate inflation, a source of economic anxiety animating the U.S. presidential election.
    - 15 hours ago 25 Jun 24, 9:41am -
  • newIndia central bank policymakers divided over rate-growth debate
    Internal members maintain hawkish stance on inflation, with Governor Das cautioning against hasty actions for fear of worsening the situation
    - 17 hours ago 25 Jun 24, 8:02am -
  • newIndia’s new finance hub in Gujarat eyes real-time dollar settlement by 2025
    Real-time dollar settlement in India’s newest financial hub in Gujarat, GIFT City, is set to begin later this year. The service aims to attract foreign investors by streamlining transactions and reducing delays.
    - 17 hours ago 25 Jun 24, 7:58am -
  • UK's Manchester Airport faces flight cancellations after power cut
    A significant number of flights, particularly from Terminals 1 and 2, were expected to be delayed or cancelled, a spokesperson said.
    - 3 days ago 23 Jun 24, 12:14pm -
  • Bather, beware: British beaches and rivers have a sewage problem. It has seeped into election talk
    Endurance swimmer Joan Fennelly faces contaminated water in the River Thames while swimming year-round. She takes precautions due to sewage and agricultural pollution in the waterways of Britain.
    - 4 days ago 21 Jun 24, 1:41pm -
  • Why are milk, vegetable, and pulse prices rising? When will they come down? Here are some indicators
    Food inflation in India has persisted at 8% year-on-year since November 2023. A severe heatwave has further reduced supplies of pulses, vegetables, and cereals, prompting minimal impact from export curbs and import tariff reductions. Experts suggest that a robust monsoon by early July could alleviate concerns over the delayed cultivation of kharif crops.
    - 5 days ago 21 Jun 24, 11:21am -
  • Biden bans US sales of Kaspersky software over Russia ties
    The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular anti-virus products in the country, the US Commerce Department announced. "Kaspersky will generally no longer be able to, among other activities, sell its software within the United States or provide updates to software already in use," the Commerce Department said in a statement announcing the action, which it said is the first of its kind. da/des
    - 5 days ago 21 Jun 24, 6:54am -
  • Roads, renewables and real estate investments to go up by 38% in FY’25 and FY’26 to Rs 15 lakh crore: CRISIL Ratings
    In its annual Infrastructure Summit 2024, CRISIL Ratings said the surge will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix, improving physical connectivity through a denser road network, as well as rising demand for residential and commercial real estate, cautioning of some risks across three scetors.
    - 7 days ago 18 Jun 24, 2:27pm -
  • India likely to present Budget on July 22
    Budget 2024: Sources informed ET that the Union Budget 2024 is expected to be presented on July 22. The primary policy priorities will include addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue growth to stay on the fiscal consolidation path. Additionally, the government aims to simplify GST and reduce tax compliance burdens.
    - 12 days ago 14 Jun 24, 9:17am -

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  • Mint Quick Edit | GST needs a remake, not just small tweaks
    The GST Council has announced various changes to make compliance easier. Good. For impact, though, it needs to move beyond minutiae and take up ambitious reforms.
    - 2 days ago 24 Jun 24, 7:00am -
  • Ethanol: An eco-friendly fuel or another green mirage?
    A clash between the carbon advantage and water footprint of ethanol production may result in a dire trade-off between cleaner energy and basic human needs. Its promise as a clean fuel may be outweighed by its hidden threats to food security and the environment.
    - 2 days ago 23 Jun 24, 4:00pm -
  • Shorts as office-wear is no longer as unthinkable as it once was
    What’s acceptable office attire? It comes down to social norms and belief systems about professionalism and how that intersects with gender, race, class and body type. With dressing becoming more casual, mainstream office fashion is also shifting.
    - 2 days ago 23 Jun 24, 3:30pm -
  • Cooperative federalism may help India bridge its climate adaptation deficit
    Effective climate action requires developing a national awareness and action plan, involving experts, and incentivizing the private sector to create frugal and local solutions. The 16th Finance Commission should make this a priority: a comprehensive plan backed by resources at all levels.
    - 2 days ago 23 Jun 24, 3:00pm -
  • Manu Joseph: Why the super-rich and we pay the same for house help
    The Hinduja family case has revived this question. It’s worth noting that even humane writers who moved our souls had servants who were not paid more than market rates.
    - 2 days ago 23 Jun 24, 2:00pm -
  • CEOs need to challenge hardset mental models to drive growth
    Old mental models must be reworked to build agility and resilience for navigating an evolving economic climate, societal changes and an unpredictable future. This is key to spotting and exploiting new business opportunities as market conditions get tougher.
    - 3 days ago 23 Jun 24, 1:00pm -
  • When Yusuf Hamied defied Big Pharma in the battle against HIV/AIDS
    Cipla wasn’t the biggest beneficiary of the boom in sales of AIDS drugs, but the company had the satisfaction of knowing that its actions had led to millions of lives being saved
    - 4 days ago 22 Jun 24, 9:00am -
  • Is Nvidia’s near-monopoly status dangerous for the AI industry?
    Intel and AMD provide credible alternatives. But Nvidia’s proprietary software platform makes it difficult for its customers to jump ship, since more than 4 million global developers rely on it to build AI and other apps.
    - 4 days ago 21 Jun 24, 6:33pm -
  • Keynes: In the long run, we’re all impressed by his relevance
    The economist overturned the view that free-market capitalism achieves its own equilibrium. The Keynesian idea of fiscal stimulus had hauled the US out of its Great Depression before it fell out of favour in the 1980s, but the pandemic crisis revived it. Keynes was proven right again.
    - 4 days ago 21 Jun 24, 3:00pm -
  • India can achieve tech goals without raising bogey of data, AI colonisation
    Advocates of data sovereignty are critical of tech companies like OpenAI using Indian data, only to sell insights back at high prices.However, global tech companies have also contributed to India's growth by setting up their centres of excellence
    - 4 days ago 21 Jun 24, 1:10pm -
  • Put policy into practice: LGBT+ diversity isn’t a seasonal slogan
    We need awareness, action and advocacy. Ecosystem collaborations and partnerships must join the journey towards an all-inclusive, safe and trustworthy workplace. Embracing diversity, equity, and inclusion is at the heart of a more just and compassionate society.
    - 5 days ago 21 Jun 24, 1:00pm -
  • Euro Cup 2024: Corporate boardrooms should tune into football
    The Euro 2024 football competition holds lessons for companies on team creation and goal orientation. Hint: Look at the age profile of key players and diversity of Europe’s top teams.
    - 5 days ago 21 Jun 24, 8:30am -
  • Mint Quick Edit | Beware, RBI is sniffing around for excessive risks
    Reserve Bank of India (RBI) Governor Shaktikanta Das has raised a cautionary flag over banks engaging in a “mindless pursuit of bottom lines.” Banks have been in fine fettle but regulators need to stay especially alert in times of exuberance if past follies are not to be repeated.
    - 5 days ago 21 Jun 24, 7:00am -
  • LGBTQIA+ inclusion: Is it mere lip service in India Inc?
    Today, various generations huddled in the same office want the voices of all genders and orientation want to be heard. Businesses that care about their brand image have adopted DEI measures, but there still seems a long way to go for ideal levels of diversity, equity and inclusion.
    - 5 days ago 20 Jun 24, 4:00pm -
  • Political turmoil in France isn’t a prelude to another European Union
    French President Emmanuel Macron’s electoral gamble has focused investor attention on the parlous state of French finances and opened the door to a new administration that may be even less fiscally responsible. But Frexit is unlikely and we won’t see a rerun of the 2012 market turbulence.
    - 5 days ago 20 Jun 24, 3:00pm -
  • India's economic expansion cycle is still going strong
    Policy continuity is expected under India’s new coalition government and its emphasis on job creation, macro stability, infrastructure and manufacturing is not expected to weaken. Achieving 8-10% GDP growth may require land and labour reforms and raised farm productivity.
    - 5 days ago 20 Jun 24, 2:00pm -
  • Rural-urban inflation gap: Can this puzzle be solved?
    Rural inflation has been higher than urban price escalation. This may be due to high ‘fuel and light’ prices in rural areas where LPG affordability was hit by a global energy price shock. Also, migration to rural India during the pandemic may not have reversed yet.
    - 6 days ago 20 Jun 24, 12:30pm -
  • AI regulation: India can look to Japan for a balanced framework
    The Japanese model of AI regulation places the tech industry at the centre, with the government acting an enabler and Generative AI treated as a public good. The Eastern idea of collective privacy may serve India well.
    - 6 days ago 20 Jun 24, 10:30am -
  • Nuclear energy: Is Bill Gates onto something?
    The Microsoft founder’s clean-tech startup TerraPower claims safety and cost leaps made by an innovative reactor design. As it could plausibly revive a climate-friendly sector left in limbo by Fukushima, India must stay clued in to such developments.
    - 6 days ago 20 Jun 24, 8:30am -
  • Mint Quick Edit | Debroy’s right, we need a revised poverty line
    EAC-PM Chairman Bibek Debroy has said India may require a new way to measure poverty. We now have new household consumption survey data, but the Tendulkar panel’s line is outdated. A revised poverty line could give us harder-to-dismiss estimates.
    - 6 days ago 20 Jun 24, 7:00am -