Android smartphone makers offering more software updates as premiumisation picks up pace in India
Major Android smartphone makers like Samsung, Xiaomi, and Oppo are extending their software update support to four years of major Android updates and an additional year of security updates. This move, led by Samsung, is driven by a growing trend of longer device ownership in India's expanding premium smartphone market. Key Points
Economic TimesNot geopolitical tension, worried more about higher for longer rates: Sampath Reddy
“The domestic facing sectors have been currently doing much better especially the financials. The export-oriented sectors, especially IT, are still facing challenges in terms of overall growth. That is why the domestic facing sectors are much preferred. But within the exports, especially the pharmaceutical export, the generic pharmaceutical exports segment continues to do well. ” Key Points
Economic TimesIndia is in a longer term uptrend in both dollar and local currency terms: Laurence Balanco, CLSA
“If you look at the 20-day moving average, it has been a great card for that accelerated trend in the midcap index. By mid September, we started to test that 20-day moving average again. Two weeks ago, we broke below it and now we are seeing some choppy volatility around it.” Key Points
Economic TimesOil steady as investors weigh US rate cut outlook with Middle East tensions
By Robert Harvey LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than Key Points
ThePrintJimmy Carter's 77-year marriage helped him live longer, longevity expert says
Jimmy and Rosalynn enjoyed a decades-long marriage. Their relationship likely helped them age gracefully, Blue Zones expert Dan Buettner said. Key Points
Insider
longer term growth for private banks can be faster than industry: Karthikraj Lakshmanan, UTI AMC
The markets may be volatile closer to general elections as we have seen in the past instances and have seen varied market reactions for different outcomes. However, eventually, the market fundamentals along with continuity of reform measures and fiscal prudence matters more for the equities. Hence, the approach needs to be far more focused on long term fundamentals than rejig the portfolio for general elections or any other event when it comes to long-term investing. Key Points
Economic TimesIndia's L&T Technology trims FY revenue growth guidance
Indian engineering research and development services provider L&T Technology Services (LTEH.NS) cut its revenue growth forecast for the current financial year on Tuesday, citing longer deal decision cycles and macroeconomic challenges. Key Points
ReutersJimmy Carter's 77-year marriage helped him live longer, longevity expert says
Jimmy and Rosalynn Carter are both in their nineties. Their lasting marriage likely helped them age gracefully, Blue Zones expert Dan Buettner said. Key Points
InsiderIsrael Hamas Conflict: Scream VII fires Melissa Barrera after calling the war 'Genocide'
Mexican actress Melissa Barrera has been axed from her next 'Scream' film over her social media comments about the Israel-Hamas war.The actress will no longer appear in the horror franchise's upcoming seventh film. Key Points
Economic TimesUS yields revisit highs, Asia stocks sag on hawkish Fed angst
By Kevin Buckland TOKYO (Reuters) - U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Key Points
ThePrint
Scope for Nifty and generally markets in India to go up are tremendously high: Deepak Shenoy
Premiumisation is happening in a meaningful way. Income levels have gone up at least for a relatively small percentage of the population but that is really the India that can be targeted in a meaningful way by most of the players – be it cars or food delivery and all of that stuff. We will be surprised by how much Indians are willing to pay for entertainment, tourism and travel. Key Points
Economic TimesAlexa can no longer talk like Amitabh Bachchan
Amazon has confirmed the discontinuation of the celebrity voices feature on Alexa, meaning voices of celebrities like megastar Amitabh Bachchan, American actor Samuel L. Jackson, American former professional basketball player Shaquille O'Neal, among others, will no longer be available to purchase. Key Points
The Tribune IndiaAfternoon is the best time to exercise for a longer life, study suggests
A recent study suggested the best time to workout that ensures a longer life span. The researchers pointed out that the afternoon apparently coincides with the time of the day when, statistically, people are least likely to experience a heart attack. Key Points
India TodayTwitter no longer exists: Here's what Elon Musk has done
A recent court document has indicated that Twitter Inc does not exist anymore on paper. It has been merged with an entity called X Corp. Here is all you need to know. Key Points
India TodayET Awards 2023: India’s best no longer feel compelled to look beyond our borders, says Satyan Gajwani
Satyan Gajwani, vice chairman, Times Internet, spoke about the remarkable growth of Indias stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them. He highlighted Indias burgeoning startup ecosystem, which has persuaded talent to stay in the country. “And most of all, the best and brightest of India no longer feel compelled to look beyond our borders for professional growth, seeing the potential to make a real impact here at home.” Key Points
Economic Times
Who is Aaron Bushnell, US Air Force member set himself on fire outside Israeli Embassy in Washington
An active-duty member of the US Air Force, identified as Aaron Bushnell, set himself on fire outside the Israeli Embassy in Washington DC, stating, I will no longer be complicit in genocide. The man has reportedly died from his injuries, after being treated at a nearby hospital for his critical injuries. The incident has sparked an investigation by local police and Secret Service. This act comes amid ongoing protests against the war in Gaza, which has led to pro-Palestinian and pro-Israeli demonstrations in the US. Key Points
Economic TimesYouth no longer shy of seeking psychiatric help: Gen Z demand for mental health drugs lifts sales 9 per ce
Consider this. Neuro-psychiatry medicines are among the top 10 therapies in the country and the category is valued ₹11,774 crore, data from pharmaceuticals market research firm Pharmarack show. Mental health platform Mind Peers says the number of people seeking therapies has increased 80% in the last few months and almost 85% of these patients are below the age of 35 years. Key Points
Economic TimesIndia seeks more Middle East crude as Red Sea attacks delay cargoes
India's refiners are focusing on increasing supplies from the Middle East and other countries due to recent attacks on ships in the Red Sea, which have raised the risk of longer shipping times and higher costs. Shippers have turned cautious about entering the Red Sea due to multiple attacks by Yemen's Iran-backed Houthi rebels, causing massive diversions and increased costs. Key Points
Economic TimesIndian IT employees forced to work 50 hours a week, data reveals
In the ever-evolving landscape of Indian IT, a rather disconcerting trend has come to light — employees are putting in longer hours than the industry norm, clocking in at an average of 45 to 50 hours per week. Here is what we know. Key Points
India TodayTough phase in India-Canada ties: EAM S Jaishankar
“Right now, the big concern which people have is on visas. Some weeks ago, we stopped issuing visas in Canada because it was no longer safe for our diplomats to go to work to issue visas. So, their safety and security was the primary reason we had to temporarily stop the issue of visas. Were tracking it very closely,” the minister said while addressing the closing session on ‘Navigating a World on Fire at the Kautilya Economic Conclave. Key Points
Economic Times
Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE
It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past. Key Points
Economic TimesIndian shares set to open lower on Middle East tension, US rate jitters
Indian shares are set to open lower on Wednesday, as intensifying conflict in the Middle East and worries of a prolonged high interest rate regime after a better-than-expected U.S. retail sales data hurt sentiment. Key Points
ReutersTake Five: Roll on Q4!
There's a looming partial shutdown of the U.S. government, embattled developer China Evergrande on the brink, and markets still adjusting to central banks' higher for longer rates mantra. Key Points
ReutersBJP leader Shahnawaz Hussain suffers cardiac arrest; admitted to Mumbai's Lilavati Hospital
Shahnawaz Hussain was admitted to Mumbai's Lilavati Hospital after a complaint of high blood pressure earlier today. The ECG and 2D Eco reports showed he suffered a minor heart attack. Key Points
Economic TimesChintan Shivir to focus on ensuring high growth rate
The finance and corporate affairs ministries plan to hold a two-day Chintan Shivir starting 20 August at Gujarat's Kevadia, which will comprise short and long-term measures to sustain growth rates, control inflation and tackle external challenges. Finance and corporate affairs minister Nirmala Sitharaman is expected to attend, while senior ministry officials will also be present. Key Points
Economic Times
Chintan Shivir to cocus on ensuring high growth rate
The finance and corporate affairs ministries plan to hold a two-day Chintan Shivir starting 20 August at Gujarat's Kevadia, which will comprise short and long-term measures to sustain growth rates, control inflation and tackle external challenges. Finance and corporate affairs minister Nirmala Sitharaman is expected to attend, while senior ministry officials will also be present. Key Points
Economic TimesGDP likely to grow at 6.5-7.5% in FY24: CEA V Anantha Nageswaran
It is probable that the 7.2% GDP growth reported for fiscal 2023 could be revised upwards during data revisions, Nageswaran said, speaking at a Confederation of Indian Industry event in Lucknow. He said it would be possible for India to grow for a longer period of time, a decade or more, without running into overheating problems because of its sound economic policies, the infrastructure built in the last eight years and digitisation gains. Key Points
Economic TimesTorrent website RARBG ceases operations
RARBG, which is a highly popular torrent site, has shut down abruptly. Heres everything you may want to know about its closure. Key Points
Economic TimesPage Industries badly needs to script a new chapter on growth
In Q3, Page’s revenues grew by just 3% year-on-year. But in Q4, revenues have fallen by almost 13% to ₹969 crore with a 14.6% drop in volume. Key Points
mintWe want to rapidly grow our business in ethnic wear: Ashish Dikshit
"The merger, however, will take longer. Having said that, if we had gone in for an all-cash deal, it would have been an excessive burden on ABFRL's balance sheet, which we did not want," Dikshit said. Key Points
Financialexpress
What it looks like to break the toxic cycle
“To every person who had the courage to break the cycle, thank you. You are changing this world,” wrote Nicole LePera. Key Points
Hindustan TimesPeople still pessimistic but the market will do better: Sandip Sabharwal
Long-term price inflation is no longer an issue, according to Sandip Sabharwal. Although some companies have been affected by higher inflation and lower consumption demand, most expect improvements going forward as they are no longer raising prices, and some have even cut prices in specific categories. The Indian macro is favorable overall, especially in the investment cycle, banking and financial universe and capex-oriented companies. Key Points
Economic TimesHow to inflation-proof your portfolio. Here are 5 things you can do
Consequently, some caution might lurk around in markets in the immediate short term, and multiples may see some softening. However, in the longer term, India is relatively isolated from these events. Indian banking systems rules are pretty robust. Key Points
Economic TimesChildren born now could live 100 years — companies must change their view of age: Andrew J. Scott
Andrew J. Scott is Professor of Economics at the London Business School. Speaking to Srijana Mitra Das, he discusses rising longevity, planning for ageing societies , and Frances pension reforms: Key Points
Economic Times‘For the sake of Indian cricket…’: Rohit uncertain about Ashwin, Jadeja's future
Ashwin is currently 36 and is India's second-highest wickettaker in the longer format after spin legend Anil Kumble. Jadeja, on the other hand, is two years younger than him. | Cricket Key Points
Hindustan Times
Sadie Robertson opened up how body image transformed during her second pregnancy
Sadie Robertson and Christian Huff have a baby girl on the way, and in a recent interview, Sadie shared how her body has transformed during her second pregnancy. She expressed that she no longer expects her stomach to appear toned since she's currently nurturing a new life within her. Key Points
Hindustan TimesIndian shares set for muted start on U.S. rate hike worries, geopolitical concerns
Indian shares were set for a muted start on Monday, on worries that the U.S. Fed would go higher for longer with interest rates, while rising concerns after North Korea fired more ballistic missiles further dampened investor mood. Key Points
Reuters