Targeted killing not India's policy: Minister S Jaishankar to Canada
India has stated to Canada that targeted killing is not a policy of the Indian government and has asked Ottawa to share any specific and relevant information they may have. The Indian Foreign Minister, S Jaishankar, mentioned this during a session at the Council on Foreign Relations in New York. He also expressed concerns about the growing nexus between terrorists and organized crime in Canada and the permissive environment for such activities. Key Points
Economic TimesFor IT, 2024 might be a tougher year than 2023: Sandip Sabharwal
Analyst Sandip Sabharwal believes that 2024 might be a tougher year than 2023, contrary to what most analysts are predicting. He warns investors to be cautious about stocks that have seen a decent run-up in anticipation of performance improvement. Sabharwal also expresses skepticism about the IT sector, stating that while some specific companies may do well, larger diversified IT firms are facing significant challenges. Key Points
Economic TimesRakshit Ranjan explains why Marcellus made a new addition in Rising Giant portfolio, added to another in L
Rakshit Ranjan explains why Marcellus has added a ball bearing company and added more to a pipe company in the Risiging Giant portfolio. He also discusses the China plus one story playing out in the chemical space. Talks about the potential for normal growth rates, stock specific opportunities, and the benefits in the ball bearings, pipe, and cement sheets industries. Key Points
Economic TimesNifty may cross 22,500 in 12 months, says Prabhudas Lilladher; picks Hindalco, 3 more stocks as conviction
Nifty is trading at a 17.2% discount to the 10-year average which provides comfort to Prabhudas who believes that the headline index is not trading in a bubble zone. The 50-stock index has remained flattish in the past 6 weeks and given just 1.6% return in the quarter gone by, riding on inflows of the domestic institutional investors (DIIs) even as the foreign institutional investors (FIIs) preferred selling the domestic equities, the note said. Key Points
Economic TimesUS 'likely' to give details on new military assistance for Israel: Blinken
"We're looking at specific additional requests that the Israelis have made. I think you're likely to hear more about that later today," Blinken said. | World News Key Points
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India's Hero MotoCorp to increase prices of specific two-wheeler models
Indian two-wheeler maker Hero MotoCorp on Friday said it would increase prices of specific models of motorcycles and scooters by around 1.5% from July 3, as it combats price positioning, input costs and business imperatives. Key Points
ReutersI asked ChatGPT to write me a skincare routine: Here's what happened
ChatGPT first gave me overwhelming and generic skincare advice. Writing more specific prompts led to better product recommendations. Key Points
InsiderHow to write a will: Steps to be followed, necessary paperwork needed to make a valid will
There is no specific format for making a will. However, one needs to be clear and unambiguous while drafting one. Key Points
Economic TimesApril will be a consolidation period for midcaps and smallcaps: Vishal Malkan
Vishal Malkan expects midcaps and smallcaps to consolidate in April. Nifty to remain range-bound. Dr Lal PathLabs surges, correction awaited for entry. Weakness in Nifty IT index continues. Malkan says: I like the main part of PSUs like the PSU banks which are my favourites. Canara Bank and PNB are my top two stocks for this year. Key Points
Economic TimesGeological Survey of India to provide geotechnical consultancy for road projects
The National Highways Authority of India has signed an agreement with the Geological Survey of India (GSI) for geotechnical consultancy services. GSI will assist NHAI in vetting detailed project reports, provide slope stability studies, and identify geologically weak zones on national highways. Additionally, GSI will analyze DPRs prepared by NHAI consultants. This collaboration aims to improve the quality of construction and enhance the travel experience for highway users. Key Points
Economic Times
Marvel Snap unveils 2024 roadmap with exciting features: All you need to know
Marvel Snap's developers reveal the 2024 roadmap, allaying concerns following ByteDance's shutdown. Second Dinner's promises materialize with in-game events, including 'Leagues' for competitive cube collecting. Card customization expands through 'Character Mastery' and 'Custom Cards,' addressing player requests. Key Points
Economic TimesTime to be selective? 6 largecap stocks from different sectors with upside potential of up to 33%
While some of the headwinds which Indian markets have been facing might have receded, some of the risks which are specific to India are still very much there. One being the state election result and second one being valuation being at a very high level. In such conditions, it would still be better to stay focussed on large caps as they have more ability to weather the storms which come unannounced. 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 TimesUS extends work permit validity to five years for Green Card hopefuls
Under the new measure, certain EAD categories, including those for foreign nationals with pending green card applications, will have a maximum validity period of five years. This change aims to reduce the need for frequent extensions and administrative burdens. The extension has been well-received by US employers and immigrant workers, particularly H-1B visa holders. Key Points
Economic TimesCommerce ministry authorises EPCMD to issue registration-cum-membership certificates for exporters
The Commerce Ministry has authorized the newly-established Export Promotion Council for Medical Devices (EPCMD) to issue registration-cum-membership certificates for exporters of specific medical items. These items include bandages, first-aid boxes, hot water bottles, ice bags, gloves, surgical garments, syringes, and stethoscopes. A Registration-cum-Membership Certificate (RCMC) is required for exporters to avail benefits under the foreign trade policy, as well as customs and excise benefits. Key Points
Economic TimesStock tips via Telegram: Why has SEBI banned three people from accessing the markets?
A Telegram channel provided recommendations to its subscribers for trading in both cash as well as derivatives segments, for both intra-day as well as positional trades. It was promoted through apps like Facebook, WhatsApp and Instagram. Key Points
The Indian Express
El Nino contingency plan being readied for farmers & output
The ministry of agriculture and farmers' welfare has set up a system for specific advisory services and forecasts for the main agricultural belt of the country based on different rainfall scenarios. It will also come out with agromet advisories specific to different regions to help farmers take appropriate steps to mitigate any damage to crops. Key Points
Economic TimesBe careful about overtly optimistic IT cos; it will be tough for Reliance to disappoint: Sandip Sabharwal
Sandip Sabharwal is optimistic about the growth prospects of large banks in India, particularly ICICI Bank. He also highlights the railway investment theme as strong and suggests identifying stocks that can benefit disproportionately. In terms of IT, while there is a definite slowdown that could persist over the following year, there are specific companies with specific projects or businesses that will stand out. Key Points
Economic TimesWeekly Top Picks: 5 stocks with consistent score improvement & upside potential of up to 50 %
With only three trading sessions, bears were on back foot, will they be pushed back or it a pause before they roar again. Let the bulls and bears fight, one should on specific stock. The selected stocks depict a strong upward trajectory in their overall average score, which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFive specific sins; seven treasures of a king: Words by the numbers in Asia
In this instalment of his monthly column, author Adam Jacot de Boinod hunts down quirky figures of speech from across a continent. Look out for Capital Letters every month. Key Points
Hindustan Times