Craters on Moon hide answers to how Earth formed
One of the key findings is that the lunar impact record began during the solidification of the lunar magma ocean, with clear impact structures being preserved from about 4.46 billion years ago. Key Points
India TodayHouthi Attacks: The high and low trade impact of Red Sea disruption on India
The Iran-backed Houthi militia in Yemen has caused disruptions in global trade flow due to their attacks in the Red Sea. The Suez Canal, used by ships for 12% of global trade, is currently blocked due to hostilities, redirecting ships to pass through Africa. Capital goods and fertilisers are the most impacted sectors, with delays in timely delivery leading to inventory build-up and frozen order conversions. Fertilizers are affected by extended shipment timelines and increased freight costs, as India heavily relies on Middle Eastern countries for fertilizers, particularly Israel and Jordan. Key Points
Economic TimesNear-term macro impact of free foodgrain scheme muted, adds to medium-term risks: Nomura
“Over the medium term, the government is likely to forgo revenues from its subsidised food sales (0.05% of GDP on an annualised basis). As procurement costs increase, the food subsidy bill will also increase over time,” Aurodeep Nandi and Sonal Varma said. Key Points
Economic TimesIndia can ride out Gaza war impact on crude: IMF ED KV Subramanian
The International Monetary Fund's executive director, KV Subramanian, believes that India will be able to handle the spike in crude oil prices caused by the conflict in Gaza. He stated that India's strong handling of the pandemic and its balanced approach to supply and demand measures have positioned the country well. However, he noted that higher oil prices may require additional measures to address inflation. Subramanian also mentioned that the impact on interest rates and the proposed Middle East-Europe logistics corridor is yet to be assessed. Key Points
Economic TimesIsrael-related stocks fall globally as war escalates
Saturday's assault has sparked fresh concern about geopolitical risks at a time when global financial markets already were grappling with the impact of higher interest rates and the slowdown in China's economy. Oil prices surged while US stock-indexes dropped. Key Points
Economic Times
Israel-Hamas war: 14 Indian stocks with an Israeli connection
A large part of the impact on India depends on whether Iran, a major Hamas supporter, is drawn into the war. That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market, said Dr. V K Vijayakumar of Geojit Financial Services. Key Points
Economic TimesIndian consumers' plight amid rising prices is likely to get worse
Most Indians are reeling under the red hot price spike of daily food items such as tomato, ginger, chilly, brinjal and cumin. The finance ministry today flagged an upcoming likely scenario that offers no hope to the common people to get an escape from the price pressure. The El Nino influence paired with a delayed impact of constantly reducing WPI on retail inflation is expected to make the situation worse for consumers. Key Points
Economic TimesAMCs may pass on TER to brokers, distributors
The last round of TER cut saw AMCs pass on a major share (75-90%) of the impact largely to distributors. This time, however, given the inclusion of GST, trading cost and securities transaction tax (STT), the impact will have to be shared with brokers as well, said a report by Kotak Institutional Equities. Key Points
FinancialexpressSome money may now flow into gold, realty and high-value white goods
Elections to 5 states are scheduled for the end of 2023. There could be some adverse impact on small businesses, which hold high-denomination notes for managing daily transactions, according to Nomura's India Economist, Aurodeep Nandi. Key Points
Economic TimesGovt's multi-pronged Covid strategy saved lives and livelihoods: Report
According to the paper, titled Healing the Economy: Estimating the Economic impact of India's Vaccination and Related Measures, the cumulative lifetime earnings of the lives saved through vaccination (in the working age group) totalled up to $21.5 billion while two million deaths were avoided due to the lockdown. Key Points
Economic Times
How The Government Hike In Securities Transaction Tax Will impact F&O Trading
This translates into a hike of 23.5% on sale of options and on sale of futures contracts. Key Points
BQ PrimeBEL’s FY24 margin guidance of 21-23% is intact; exceeded sales guidance: Bhanu Prakash Srivastava
“Challenges are there, supply chain challenges. Semiconductor continues to be a challenge. Though there was easing up, there are devices where OEMs are putting long delivery times. Similarly, the impact of the Israel war is still there. So, we are working out to mitigate these challenges.Exports, whatever we committed this financial year around $90 million, we will be able to achieve.” Key Points
Economic TimesGenshin impact 4.3 Update: Check out release date, duration, banners, artifact sets, events, and more
Genshin Impact's 4.3 update brings exciting additions, featuring new characters like 5-star Geo user Navia and 4-star Chevreuse. Explore diverse events and two artifact sets: Nighttime Whispers in the Echoing Woods for DPS Geo users and Song of Days Past for healers. Multiple banners offer opportunities to pull characters, with a release date on December 20, 2023, and events lasting until early February 2024. Key Points
Economic TimesApply light irrigation to tackle rising temperatures, wheat growers told
Scientists have said the temperature up to 35 degrees Celsius will not have any major impact on the crop and the crop is healthy so far. Agriculture experts say the rising temperature at this stage has left wheat growers worried as they think it could adversely impact their crop yield. Key Points
Hindustan TimesThis 1.8 km mysterious crater in Gujarat is result of an Asteroid impact: Study
In-depth analysis of the Luna structure unveiled that the impact was triggered by an immense object primarily composed of iron, reshaping the landscape significantly. Notably, layers of ancient plant remains buried beneath the impact debris were dated back approximately 6,905 years using radiocarbon dating techniques. Key Points
Business Today
RBI directive on unsecured loans: No big impact on banks & well-diversified NBFCs
“Our initial assessment at this point in time is, if we were to look at something like a bank or a well diversified NBFC, the overall impact on capital may not be material. We are still reworking the numbers, but initial assessment does seem to suggest that the overall impact on the current capital would not be more than 75, 80 basis points as such.” Key Points
Economic TimesHuman impact began a new timeline on Earth in 1950s
Scientists have dubbed this epoch as the Anthropocene. Derived from Greek terms for “human” and “new” — Anthropocene — this epoch started sometime between 1950 and 1954. Key Points
India TodayRed sea container crisis to hit exports
India Business News: A container crisis in the Red Sea is expected to disrupt India's exports to Africa and Latin America. Shipping freight rates are likely to double, affecting exports of petroleum, automobiles, marine food, and agri commodities. Find out more about the impact and potential solutions. Key Points
Times Of IndiaInter-ministerial meet next week to discuss ways to insulate India's trade from Red Sea crisis
An inter-ministerial group, consisting of officials from various departments and ministries, is set to meet next week to discuss the impact of the Red Sea crisis on India's trade. The recent attacks by Yemen-based Houthi militants have disrupted the shipping route through the Bab-el-Mandeb Strait, prompting shippers to take a longer route through the Cape of Good Hope, leading to delays and increased costs. Key Points
Economic TimesNext one to get re-rated? 7 PSU banks with upside potential of up to 38%
There are many sectors which have seen a re-rating in the last nine years. Especially in sectors like railways, defence where both the policy direction and funds both come from the government have seen a strong performance. There is another sector where policy making has an impact but it takes more to show its impact that is PSU banking space. With better than expected GDP numbers and the fact that state elections have thrown results, which street would take a sign of continuation of the current policies of clean up of the sector, will PSU banks see another round of push. ? Key Points
Economic Times
India Inc not in the crosshairs for now from Middle East conflict: Crisil
The ongoing Middle East conflict, primarily affecting Gaza, has had a negligible impact on India's trade, according to Crisil Ratings. Sectors like fertilizers and diamonds may see slight but manageable impacts, while most others will be unaffected. However, the conflict has raised gold and crude oil prices, and their trajectories are being monitored, given India's dependence on oil imports. Key Points
Economic TimesASML sees no short-term impact of updated U.S. rules on China exports
ASML (ASML.AS), a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not expect any short-term financial impact from newly updated guidance on U.S. restrictions on exports to China. Key Points
ReutersGenshin impact Summer Festival 2023: Start date, rewards and all you need to Know
The upcoming Genshin impact Summer Festival 2023 is an upcoming occasion where players can engage in specialized tasks and acquire Primogems without charge. As the event is approaching, here is everything you need to know about it. Key Points
Economic TimesHuawei ban would have significant impact on German mobile network -ministry
A ban on certain components by Chinese companies Huawei (HWT.UL) and ZTE could have a significant impact on Germany's mobile network if they have to be replaced on a larger scale, according to a German economy ministry letter seen by Reuters. Key Points
ReutersHuman vs Machine: Is Artificial intelligence job creator or terminator? Experts assess sector-wise impact
AI's impact on jobs: AI is expected to create more opportunities than it renders obsolete, particularly in STEM jobs, according to Jeff Maggioncalda, CEO of Coursera. AI has opened doors for more hiring, increased the above-average performance bar, and will boost remote opportunities in India. Key Points
mint
Genshin impact 3.7 Update: Release date, characters banners, key details
Genshin Impact's 3.7 update is out with new banners and events. Yoimiya and Yae Miko are featured in reruns, and Kirara is introduced as a new Dendro user. Key Points
Economic TimesIndian economy is resilient... changes in bilateral trade are a huge opportunity, says Crisil CEO
The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy, says Crisil CEO Amish Mehta Key Points
Economic TimesMWC 2024: OnePlus 12R Genshin impact version is super cool and fans should buy it right away
The OnePlus 12R Genshin impact version launched at MWC 2024. People who are Genshin impact fans will most likely get emotional and will buy it right away because the level of deep customization that the brand has done here is mesmerising. Key Points
India TodayMalaika Arora and Shilpa Shetty make a strong case for plunging necklines, Hina Khan wins the night in black at awards. All pics, videos
Malaika Arora, Shilpa Shetty, Hina Khan and other celebrities attended the Big impact Awards last night. While Malaika and Shilpa made a strong case for a plunging neckline style statement, Hina won the night in a quirky ensemble. Check out their pictures and videos inside. | Fashion Trends Key Points
Hindustan Times‘Sebi fee review to make a big dent in MFs’ profits’
The Securities and Exchange Board of India (SEBI) may negatively impact India's mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage. Key Points
Economic Times
Berger Paints expecting double-digit growth in Q4: MD
Berger Paints CEO, Abhijit Roy, has said that there is no need to lower prices in the Indian market if demand continues to hold up. Roy said that following a weak Q3 due to bad weather, the paint industry was back on a growth path with almost double-digit growth expected in Q4. The correction in raw material prices was helping the industry recoup earlier losses, he said. Key Points
Economic TimesPaytm, Bajaj Finance, SBI Card among worst hit by RBI tightening; shares drop up to 7%
The impact of RBI's tightening was felt across stocks of most banks and non-banking financial companies (NBFCs). Shares of SBI Card fell up to 7% to Rs 720.40, Bajaj Finance was down 3% to Rs 7122.05, while Paytm fell 4% to Rs 870.20. Among banks, IDFC First Bank fell over 3%, while PNB, Axis Bank, SBI and Bandhan Bank were trading around 2-3% lower. Key Points
Economic TimesCan psychiatry heal wounds of history? Delhi doctors say ‘battle for the mind’ is political
History and politics play a role in the psyche of a nation and the mental health of its people. Just how much so was the crux of a panel discussion at Delhi’s IIC. Key Points
ThePrintA central intelligence agency for manufacturing, made in India
The proposed intelligence unit would study the impact of schemes launched by the government aimed at lifting the share of manufacturing in GDP to 25% by 2047 from about 17% currently. In addition to Production Linked Incentive (PLI) schemes worth ₹1.97 lakh crore, the government started the Make in India initiative and the Phased Manufacturing Programme (PMP) to boost local production and encourage export substitution. Key Points
Economic TimesTravel cos say Maldives' tourism may not trip just yet
Prashant Pitti, co-founder of EaseMyTrip, said the company had suspended the Maldives flight bookings in support of the government, impacting 240,000 bookings made through the platform. On social media posts on Instagram and X, MakeMyTrip said it had observed a 3,400% increase in on-platform searches for Lakshadweep ever since PM Modi's visit. The company did not comment on the impact on bookings to the Maldives. Key Points
Economic Times
Decoding Bajaj Finance Loan Ban: What RBI's ban may cost the business and stocks
The Reserve Bank of India (RBI) has prohibited Bajaj Finance, India's top consumer financier, from approving loans for two products, citing non-issuance of key fact statements (KFS). A KFS includes crucial loan details, mandated by RBI, absent in digital loans. impact forecasts vary; a Macquarie report highlights potential effects on Bajaj Finance's customer base Key Points
Economic TimesBharat NCAP norms to raise standards of cars in India. No more sasta & tikau hatchbacks
With Bharat NCAP, manufacturers such as Maruti Suzuki and Hyundai India will be expected to raise their standards. Unsafe cars will not sell in India. Key Points
ThePrintWhat the sharp reduction in flights at Mumbai airport means for passengers
Mumbai Airport has been asked to reduce the number of flights so that there are fewer instances of delays. The impact of this move is manifold. | Latest News India Key Points
Hindustan TimesThe real problem with Byju's bubble
India News: Discover the real problem with Byju's bubble and the implications for investors. Learn about BlackRock's valuation, corporate governance issues, and the impact on education startups. Find out why venture-backed education startups may be a scam and how technology can provide a better solution. Key Points
Times Of IndiaNot only expense ratio, liquidity and impact cost very important factors for ETFs: Arun Sundaresan
Arun Sundaresan says that while expense ratio is important, investors should not overlook liquidity and impact cost, as they can significantly affect ETF returns. Higher volumes and liquidity result in lower impact cost. When considering portfolio placement, investors can choose from various types of ETFs, such as market cap based, sectoral, thematic, and niche strategies. The ETF market in India is growing rapidly and is expected to reach a significantly larger size in the future. Key Points
Economic Times
BTS V opens up about the experience that turned him ‘quiet and lonely’
‘but now that I’m alone, I don’t talk a lot.’ BTS' Monuments series explores pandemic's impact on their music and lives. Key Points
Hindustan Times