'Government will try to back startups in mobility sectors'
India Business News: Discover how the government plans to back startups in the mobility sectors, including a payment security mechanism for electric buses and resolving financing issues for electric vehicles. Learn more about the role of larger companies in funding startups in the automobile sector. Key Points
Times Of IndiaHow much positivity in IT stocks is already priced in? Apurva Prasad answers
Apurva Prasad says s that the IT pack has experienced a positive movement in the last two months. However, he believes that a significant portion of the improved outlook is already priced into the market, with PE multiples increasing by 20-25%. Prasad emphasizes the importance of operational performance and highlights that many companies, including larger ones, have the potential for margin improvement. 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 TimesSeeing 11/11? Find out the meaning of this powerful sign from the Universe
11:11, 11/11, 1111, hold a special significance in each form. If you find yourself looking at these numbers, read along to find out if they hold any meaning. | Horoscope Key Points
Hindustan TimesTechnical Analysis: Nifty down, but not out
The US economy would eventually slow down and may enter a mild recession. India, on the other hand, would continue to grow at a robust pace and stand out among the larger global economies. Key Points
Financialexpress
India’s growing economy needs bigger banks
Finance minister Nirmala Sitharaman has said India needs more banks the size of State Bank of India, or even larger. By global comparison, our banking sector is small. It also needs efficiency. What happened to bank privatization? Key Points
mintStudy reveals how snack size affects eating speed and sodium intake
Researchers reveal snack size impacts eating habits. larger snacks lead to faster consumption and higher calories, while smaller ones increase sodium intake. Key Points
India TodayWe have to be positive on India and great returns will be made: Sunil Singhania
“We have been slightly more constructive towards the PSU banks. Banks have done very well performance wise and in terms of fundamentals, but the stocks have not participated. It is the second and third tier PSU banks which have participated. We think there is still merit, particularly in some of the larger second tier banks.” Key Points
Economic TimesLooking for IFB top load washing machine? Here are 10 best options to consider
IFB top load washing machines come with a trust of a well known brand. They are efficient machines that can significantly reduce washing chores. Key Points
Hindustan TimesAlcohol-based mouthwash may not be good for your oral health: Study
Researchers call for larger studies to establish the risk. Commonly used alcohol-based mouthwashes may have adverse effects on oral microbiomes—the... Key Points
The Tribune India
Zomato, Policybazaar: What is the way ahead after the recent run-up?
India still remains, for example, for a business like Zomato, a market which is only in a few cities even now. Things will have to evolve. To my mind, some of them are still fairly expensive. But because of the fact that there is now at least a path to profitability, there is a reason to assume that they will survive and therefore do reasonably well over a period of time. Key Points
Economic TimesAurangabad arms haul case: HC suspends convict’s life sentence, grants bail
The Bombay high court has suspended the life term of a man convicted in the 2006 Aurangabad arms haul case and granted him bail during pendency of his appeal. Afroz Khan Shahid Khan Pathan, a pharmacist, was convicted in 2016 for being part of a larger conspiracy to commit anti-national activities. The court granted him bail after accepting his contention that there was no evidence to suggest he had visited Bangladesh via Calcutta and brought funds pursuant to the conspiracy. The court also took into consideration that Pathan had been in jail for the last 17 years. | Mumbai news Key Points
Hindustan TimesMankind Pharma director sells South Delhi bungalow for ₹91 crore
In Vasant Vihar, plot sizes range from 450 square meters to 2,000 square meters, and many of them have become available for sale after the lifting of the lockdown, said an industry expert. Numerous individuals are now seeking to liquidate their assets. The advantage of larger plots in South Delhi is that buyers can redevelop the land and construct up to four floors, a privilege not permitted in Lutyens' Delhi. Key Points
Economic TimesUK economy grows by 0.1% in first quarter of 2023
Output was 0.2% higher than a year earlier, the Office for National Statistics said. But GDP in March alone dropped 0.3%, compared with poll forecasts for it to hold steady. While industrial output and construction grew, the much larger services sector dropped 0.4%, reflecting weak car sales and retail, hurt by unusually rainy weather and high inflation. Key Points
Economic TimesTata Motors launches Dark Edition of Nexon EV Max at ₹19.04 lakh
The biggest highlight of the model is a larger 10.25-inch touchscreen infotainment system that supports both Android Auto and Apple CarPlay. Key Points
Hindustan Times