Amazon founder Jeff Bezos and other tech leaders not in support of work-life balance concept
Amazon founder Jeff Bezos, Microsoft CEO Satya Nadella, and Tesla CEO Elon Musk are among those challenging the traditional notion of striking a balance between professional and personal life. Here is a look at everything these top tech leaders had said in the past few years. Key Points
India TodayHas the tide turned for IndusInd Bank and Suzlon? Deven Choksey explains
“IndusInd Banks underperformance of previous years have stabilised in the last four-five years. Time has probably come for them to register a decent growth if not better from current levels which would be somewhere around 20% average growth that they will be continuing to produce for at least next three-four years. One can remain a little bit more positive than before.” Key Points
Economic TimesEPFO website still down? Here's how to check your PF balance
EPFO website server becomes down several times. Here, we outline how to check your PF account amount by SMS or missed call. Key Points
Hindustan Times6 ways to achieve work-life balance for better sleep and mental health
A balanced lifestyle is not just a luxury; it's essential for your mental health and well-being. Check out some helpful ways to maintain work-life balance for better mental health and sleep. | Health Key Points
Hindustan TimesInflation to impact profitability and growth: S&P Business Outlook Survey
The headline value of the index or the net balance declined to 21% in February compared to 28% in October, indicating a weaker degree of optimism. The global average was 32%, whereas the emerging markets averaged 33%, as per the report released on Monday. Key Points
Economic Times
Federal Bank offers 8.15% FD interest rate on 400 days tenure to these investors
Federal Bank has introduced exceptional deposit interest rates. Special rates are available for 400 days, with the highest rate available being 8.15%. Key Points
Economic TimesPaytm bank: ‘Disruption doesn’t mean banks becoming cowboys...'
India Business News: The article discusses the challenges and considerations faced by fintechs when they become banks. It emphasizes the need for a balance between customer convenience and regulatory compliance. The role of the Reserve Bank of India (RBI) in promoting innovation in payments is also highlighted. The article raises questions about allowing disruptive entities to establish banks and the impact of recent developments at Paytm. It mentions the risk associated with a few apps handling all UPI payments and the need for stress testing in the system. The article also addresses the actions taken by RBI against Paytm and the potential inconvenience caused to consumers. Key Points
Times Of IndiaRepublican US senator presses Fed officials on bond-buying policies
U.S. Senator Rick Scott, a fierce critic of the Federal Reserve's bond-buying program, has sent a new letter to central bank Chair Jerome Powell complaining about what the Florida Republican sees as slow progress in shedding assets from its balance sheet. Key Points
ReutersFrom Vikram Vedha to Fighter, here's how Hrithik Roshan balances between the actor and star in him-Entertainment News , Firstpost
Hrithik Roshan became an overnight sensation with his debut Kaho Naa..Pyaar Hai and 23 years down the lane, he continues to remain relevant and revered considering how he has always managed to strike a balance between films that won him praise and that amassed him fandom! Key Points
FirstpostHow to Check PF balance Through UMANG App
Employees can check their EPF passbook using the UMANG applications without having to head to the website of the Employee’s Provident Fund Organisation (EPFO). For this, EPFO subscribers have to have their UAN number handy. Key Points
Times of India
A step-by-step guide on how to check your EPF balance through UMANG app
The Unified Mobile Application for New-age Governance (UMANG) app is an one stop solution to access various central and state government services in 13 Indian languages. Further one can also also the UMANG app to check and view their Employee Provident Fund (EPF). However for using this service one needs to have their mobile number registered with EPFO. Key Points
Economic TimesTwin balance sheet advantage, says FM Nirmala Sitharaman
The twin balance sheet problem refers to heavily indebted corporates dragging down banks into non-performing assets (NPAs) and losses. The 4R strategy is recognition, recapitalisation, resolution and reform. It called on banks to value assets as close to their true value as possible (recognition). They were strengthened through equity infusion (recapitalisation). Key Points
Economic TimesPromoter pledge in these 5 cos significantly down in FY23, stocks turn multibaggers
Several BSE500 companies, including Apollo Tyres, Jindal Stainless, NCC, Suzlon Energy, and CG Power and Industrial Solutions, saw their stocks turn multibaggers after a significant reduction in the pledge shares of promoters in the last four quarters. Lemon Tree Hotels also saw considerable fall in pledge shares. The efforts taken by corporates and promoters to deleverage balance sheets in recent years is one of the major factors that has put India in a better position compared to its emerging market peers. Indias major transformation includes Make in India, GST, digitalization, new bankruptcy law, and a sharp decline in corporate balance sheet leverage. Key Points
Economic TimesApple set for record high ahead of mixed-reality headset launch
Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Key Points
mintThe UN needs structural reform to establish its relevance again
The United Nations' growing irrelevance is due to its political structure, which reflects the balance of power from 1945, and until this is fixed, the UN cannot reverse its course of increasing ineffectiveness. The UN system is attempting endogenous change, but it is highly likely that it will fail in these areas even if world leaders approve of the agenda. India must invest in creating alternative platforms for global governance, and if the G20 can become the nucleus of a new global high table over the next decade, we might not have to be overly concerned over the UN?s fate. Key Points
mint
RBL Bank revises interest rates on savings accounts, get up to 7% effective from April 5
RBL Bank has announced an interest rate revision on savings bank deposits. After the modification, the bank is now permitting savings accounts to earn up to 7.00% in interest. Key Points
mintBiden World Bank pick Ajay Banga urges private lenders to step up
The World Bank needs to leverage its current balance sheet and maximise existing resources, but the total resources of development banks are in the billions of dollars, short of what's needed to boost prosperity and deal with rising challenges, said Ajay Banga, a former Mastercard Inc. chief whom Biden nominated last month. Key Points
Economic TimesCar sales seen zipping past demand woes to hit record as FY23 sales expected at 3.9 M units vs 3.07 M in F
Manufacturers are trying to balance supply and demand given that customers can't buy the models they want and there are discounts on others. This has led to the estimate of PV sales this month being cut to 310,000 units from 350,000 earlier. Key Points
Economic TimesA car loan of Rs 10 lakh at 8.75% interest could save you more than an auto loan at 7.35% rate; know how
Car loan: There are four different interest rate calculation methods: daily reducing, monthly reducing, annually reducing and non-reducing. The method used to calculate interest can significantly impact the total interest paid. The daily reducing balance method is the most cost-effective option for borrowers. Even though the interest rate of such a loan will be higher, the total outgo on interest will be lower. Know how to make the most of it while borrowing money Key Points
Economic TimesLinkedIn co-founder says founders focused on work-life balance can’t win, they lack focus and intensity
LinkedIn co-founder Reid Hoffman is of the idea that successful founders often don't have any work-life balance. He believes that to truly succeed, founders need to be fully committed to their work and willing to put everything into it. Key Points
India Today
Bill Gates realised there is more to life than work after becoming a father, had no holidays when he was young
Microsoft co-founder Bill Gates highlighted the importance of work-life balance and personal time away from work in his year-end blog post. His perspective on work and personal life changed significantly after becoming a father. Key Points
India TodayEPF Diwali Gift: EPFO starts crediting interest into PF Accounts
PF interest: Once the interest is credited, individuals can view it in their PF account. There are several methods to check the balance of a provident fund account. Key Points
India TodayJan-Dhan scheme biggest instrument of financial inclusion: FM Sitharaman
Finance Minister Nirmala Sitharaman praised the Pradhan Mantri Jan-Dhan Yojana (PMJDY) for its success in promoting financial inclusion in India. She stated that over 50 government schemes now directly transfer benefits to bank accounts through PMJDY. Despite initial doubts about zero balance accounts, these accounts now hold over Rs 2 lakh crore. Sitharaman also discussed the challenges of climate financing and the declining effectiveness of multilateral institutions. Key Points
Economic TimesCar sales seen zipping past demand woes to hit record
Manufacturers are trying to balance supply and demand given that customers can't buy the models they want and there are discounts on others. This has led to the estimate of PV sales this month being cut to 310,000 units from 350,000 earlier. Key Points
Economic TimesRivian's bond issue does not reflect concerns around EV maker's financial health -CEO
Rivian's (RIVN.O) earlier-than-expected bond issuance this month was meant to strengthen the EV maker's balance sheet before geopolitical risks tighten capital markets and does not reflect any concerns around its cash and operations, its CEO told Reuters on Tuesday. Key Points
Reuters
CAD widens, more pain ahead
While imports face upside pressures, exports may continue to underperform amid subdued global growth dynamics. Resilient domestic economic growth, nascent recovery in capex cycle and festival spending should drive import demand. Key Points
mintIndian handicraft industry expected to see a 6-8% decline this fiscal year
The largely export-oriented Indian handicraft industry is expected to see a 6-8 per cent decline to $3.3bn this fiscal year due to a slowdown in discretionary spending; however, due to a healthy balance sheet and negligible capex debt, the industry's credit profile will stay stable, according to CRISIL Ratings. Key Points
Economic TimesVi pays 10% of Q4 licence fee dues, seeks time till July 31 to clear balance
Vodafone Idea (Vi) has asked the Indian government for more time to pay its licence fee dues for the March quarter, proposing to pay just 10% now and the balance of 90% over the next four months. The firm said it was struggling financially, but insisted that it had paid all statutory dues until the end of the previous quarter. The request for extra time follows the government's conversion of some of Vi's accrued interest towards AGRs into equity earlier this year. Key Points
Economic TimesEPFO interest news: When can you expect the 8.15% EPF rate to be credited? How to check PF balance in passbook
The government has approved an 8.15% interest rate for the Employees Provident Fund (EPF) scheme for the financial year 2022-23. Members can check their EPF balance through the official website, text messages, missed calls, or the Umang App Key Points
mintEPF interest rate hiked to 8.25% for FY 23-24; 4 ways to check your EPF balance
EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers' accounts. Key Points
Economic Times
Is all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade.
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system. Key Points
Economic TimesStable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time? Key Points
Economic TimesDomestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry
India needs to bolster domestic household savings to support private sector capital formation, as per the Finance Ministry's Monthly Economic Review. The report anticipates a better current account balance in the ongoing fiscal year due to a reduced merchandise trade deficit and increased net services receipts. However, concerns persist regarding the current account deficit in FY25. Key Points
Economic TimesBJP names seven candidates for UP legislative council
BJP released a list of candidates for UP legislative council elections, including Vijay Bahadur Pathak. The party aims to strike a caste and regional balance for the upcoming Lok Sabha elections. 13 members' terms are ending in May. Key Points
Economic TimesEPFO declares 8.25% as EPF interest rate for FY 2023-24
The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earnings to his EPF account. The employee's whole contribution is placed into the EPF account. In the case of the employer, just 3.67 percent is deposited into the EPF account. The remaining 8.33% goes to the Employees Pension Scheme (EPS). Key Points
Economic Times
Ready for another round of re-rating? 4 mid & smallcap cement stocks with upside potential of up to 30%
For the last nine years on the priority list of the government has been building physical infrastructure like roads, highways, ports and airports. Binding all the infrastructure projects, whether big or small are two commodities, cement and steel. In the cement sector, small and mid sized companies have been able to take advantage of this focus and increased spending by the government and have been able to both clean up their balance sheet and in some cases, they have gone ahead and increased their capacities which would be getting commissioned soon. With continued focus on infrastructure, will these companies be able to see another round of re-rating? Key Points
Economic TimesSectoral tailwinds and stronger balance sheets: 5 largecap stocks with right mix of two important ratios
There are some sectors where large players have an edge, because the nature of the business is such that there are phases where ability to stay in the game and cash on the balance sheet matter most. When the tide turns in favor of that sector, these large companies are able to make most of it. One sector which has gone through a phase of realignment of business and readjustment of valuations for many years and has once again come in limelight is the pharma space. Right from ability to deal with USFDA, not rely just on product segment to how to deal with uncertainty of supply chain which is dependent on China, Indian pharma companies have come a long way. Key Points
Economic TimesCorrection are some times opportunities; 5 mid & smallcap cement stocks with upside potential of up to 30%
Cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. What they probably ignored was the fact that any industry which has been facing headwinds for a long time tends to sort the issues and few players are able to make a comeback as consolidation takes place. Pretty much what we have seen in power. Due to government focus on infrastructure for the last nine years, a number of cement players have been able to improve their balance sheets and also become operationally efficient. With the policy continuity there is a high probability that we may see a similar trend in coming years. Key Points
Economic TimesIndian banks reports card: Asset quality improves to fresh 10-year high, balance sheet grows by highest in
RBI Report on Trend and Progress of Banking in India: Key highlights include a 12.2% expansion in the consolidated balance sheet of scheduled commercial banks, driven by credit to the retail and services sectors. Deposit growth increased but lagged behind credit growth. The capital to risk-weighted assets ratio (CRAR) of scheduled commercial banks was 16.8% at the end of September 2023, meeting regulatory requirements .The improvement in asset quality continued, with the gross non-performing assets (GNPA) ratio at 3.2% at the end of September 2023. Key Points
Economic TimesFor all times: 5 largecap stocks from different sectors with upside potential of up to 31%
Whether it is the bullish or bearish phase of the markets, it always pays to stay with a better quality of balance sheet and in companies which have the ability to withstand the slowdown which every economy faces at different points of time. Especially when valuations are not cheap by any standard, it would be good to stay with large caps if one is thinking of increasing exposure to equity. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic Times
As bulls and bears fight over Nifty, investors should focus on 6 largecap stocks with right mix of RoE & R
Once again bulls have shown that it is not easy to beat them. After a correction in September and October, November has been a month where bulls are back in control. While this fight will continue as pulls and pressure increase toward the end of the year, it would be better that as an investor stay focussed on the business you are owning. Businesses which have a track record of being able to deal with all the swings of economic cycles. It is the large cap companies with strong balance sheets, strong brands and a history of not needing frequent doses of capital which probably would be able to weather a storm and do well. Key Points
Economic TimesMint Explainer: What the widening current-account deficit means for the economy
The current account deficit widened to $9.2 billion or 1.1% of GDP in the April-June quarter and is expected to widen further in the coming months Key Points
mintWhen will EPF interest for FY 2022-23 be credited, how to check EPF account balance
Salaried workers are required to make a contribution to the Employees Provident Fund. Additionally, an employer is required to contribute in a matched manner to the EPF account. Key Points
Economic TimesWeekend Drive by Hormazd Sorabjee: The hills are alive
... with the sound of the Audi S5 Sportback, a luxury sedan that finds the right balance between comfort and performance Key Points
Hindustan TimesPSBs profit tripled to ₹1.04 lakh crore in last 9 years, need to continue momentum: FM Sitharaman
The net profit of PSBs has almost tripled to ₹1.04 lakh crore in FY23 from ₹36,270 crore in FY2014. Key Points
mint
PSBs' profit tripled to Rs 1.04 lakh crore in 9 years; need to continue momentum to fuel economy: Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the public sector banks’ profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. Key Points
The Tribune IndiaWork-life balance, attractive salary: Important EVP drivers for Indians when choosing an employer
Work-life balance, reputation, and salary are the most important employee value proposition (EVP) drivers for Indian employees, according to Randstad Employer Brand Research (REBR) 2023. Tata Power Company, Amazon, and Tata Steel topped the list of Indias most attractive employer brands with Big Basket the most attractive startup employer brand. Key Points
Economic TimesPankaj Tripathi’s new #workgoal: Max four projects a year
Actor Pankaj Tripathi plans to limit himself to a maximum of four film projects a year to focus on quality and personal development. Despite having six releases lined up, the actor wishes to strike a better work-life balance and spend time with family and farming. Tripathi believes that acting is an art that requires personal experiences and observations, which he hopes to refill by taking breaks between projects. He credits his versatility to his background in theatre and is grateful for not being typecast. | Bollywood Key Points
Hindustan TimesJSPL announces balance sheet restructuring to cut Mauritius arm debt by Rs 7,776.51 crore
“Restructuring the balance sheet of JSPML will result in a diminution in the value of outstanding dues being loans extended by the Company to JSPML to the extent of Rs 7,776.51 crore,” it said in the filing. Key Points
FinancialexpressTrying to have a good work-life balance? These tips will help you
Achieving work-life balance has become a challenge in the work-from-home era caused by Covid-19. People are sacrificing their personal space and time to extend their professional commitments beyond the conventional 9 to 5 time. . Poor work-life balance makes individuals suffer from mental and physical health issues, which can affect productivity and efficiency levels, impacting work performance. Key Points
Economic Times