AI Slop Is Flooding Medium
The blogging platform medium is facing an influx of AI-generated content. CEO Tony Stubblebine says it “doesn’t matter” as long as nobody reads it. Key Points
WIREDAnshula Dhawan: For freshers it’s about opportunities
Anshula Dhawan, who has worked in reality shows, Telugu and Tamil films, is now making her TV debut. She believes that the medium doesn't matter as long as she gets to showcase her acting skills. She also emphasizes the importance of doing justice to the loyal audience of television. In her current show Suhagan, she plays a college student from Lucknow and has enjoyed getting to know the city and its culture. Key Points
Hindustan TimesSwami Atmanand English medium School admission registration begins @cgschool.in
Swami Atmanand English medium School Admission 2023-24: Application forms are available on cgschool.in. Key Points
Hindustan TimesModified PLI, export incentives in works for small & medium units
The idea is to significantly enhance the number of medium enterprises in the country, which currently constitutes a miniscule 0.01% of the total MSMEs in India, a senior government official told ET. He said the NITI Aayog is firming up a policy framework in this regard. The policy could cover medium units from sectors including engineering, electrical, chemical and pharmaceuticals. Key Points
Economic TimesManufacturing, private capex and exports are drivers of corporate earnings over medium term: Saion Mukherj
Saion Mukherjee says: “As we see traction in manufacturing, our expectation is that we will also see a very strong pickup in private capex. So manufacturing, private capex, exports, would be the drivers of corporate earnings over the medium term. Of course, this would have a ruboff effect on consumption as we go forward.” Key Points
Economic Times
Nine states get nod for strategic investment plan for MSME units
The Centre provides funding support for SIPs under the Raising and Accelerating MSME Performance (RAMP) scheme, which is a World Bank-supported central sector scheme with an outlay of Rs 6,062 crore over five years from 2022-23 to 2026-27.The scheme focuses on issues relating to MSMEs such as financing, marketing and upgrading technology. It was launched to enhance the outreach of existing schemes of the ministry of micro, small and medium enterprises through active state participation, thereby improving the performance of MSMEs. Key Points
Economic TimesMicro enterprises' share in total exports rises, drops for SMEs
Micro enterprises' exports grew to 6.63% in January, while small and medium enterprises' shares decreased. Top MSME export sectors are engineering goods, gems, garments, rice, and chemicals. Various factors affect exports, including freight costs and Western world economic challenges. Key Points
Economic TimesFedbank Financial offers exposure to the fast growing MSME lending business
True North Fund, a private equity firm and the selling investor, will reduce its stake to 14.4% from 25.4%. The lender focuses on rapidly growing segments of micro, small and medium enterprises (MSME), self employed individuals and gold loans. Key Points
Economic TimesGullak director Palash Vaswani is not fretting about star culture entering the OTT space
Director Palash Vaswani believes that the democratic nature of OTT platforms means that content, rather than star power, is the key to success. He sees the medium as providing a platform for directors, actors, and writers to connect with a larger audience, and stresses the importance of empowering all departments involved in filmmaking to create exceptional content. Vaswani has directed a number of successful web series, including Gullak, and is currently working on another human drama. | Web Series Key Points
Hindustan TimesProsenjit Chatterjee after doing Jubilee and Scoop: The phase of sex, violence on OTT has passed now
Prosenjit Chatterjee, known for his work in Bengali cinema, has made his web debut with Jubilee and followed it with Hansal Mehta?s investigative drama, Scoop. Chatterjee believes that the OTT medium has moved on from the ?sex and violence? phase and is now embracing wholesome stories. He feels that OTT platforms are making Indian content pan-India, and the medium is a great platform to tell stories that directors can?t do justice to in cinemas. Chatterjee feels that there should be rules and regulations for the OTT world, similar to television. | Web Series Key Points
Hindustan Times
Ex-Chief Economic Advisor Krishnamurthy Subramanian tweets why decision to withdraw Rs 2,000 currency note
In a long tweet posted on Saturday, Krishnamurthy Subramanian said, As we have seen in several raids, where mountains of currency stored using the Rs 2000 note were uncovered, all these instances of hoarding of cash involved Rs 2000 notes. As the use of the Rs 2000 note as a medium of exchange has declined significantly, it is being used primarily to hoard money. Key Points
Economic Times'Anti-Hindu face': BJP attacks Nitish government for scrapping school holidays
According to the calendar released by the Bihar education department, there will be no holidays on festivals like Shivratri, Janmashtami, Raksha Bandhan, Teej and Jitiya in 2024. A three-day holiday has been given for Eid-al-Fitr and Eid-al-Adha (Bakrid). Key Points
India TodayStocks to buy: Granules India, Jay Bharat Maruti among three fundamental stock picks by HDFC Securities
Stocks to buy: HDFC Securities has three fundamental stock picks that it expects to give decent returns in the medium to long term. Based on strong fundamentals, it recommends buying Granules India, Jay Bharat Maruti and Shree Digvijay Cement for a time horizon of 2-3 quarters. Key Points
mint'Leave The World Behind': Strangers, danger and layers, says Julia Roberts
By Hanna Rantala LONDON (Reuters) - U.S. actress Julia Roberts says her new film "Leave The World Behind" is a multilayered disaster thriller that allowed her to play someone very different from Key Points
ThePrintExpected downward shift in yield curve warrants higher allocation towards bonds: Motilal Oswal Private Wea
The current inclusion of India into the JPMorgan bond index is likely to put a cap on yields in the medium to short term and will also ease out once we start receiving inflows. Softening in government bond yields across tenures could lead to a downward shift in Indias yield curve, aided by expectations of a shallow rate cut of 50-75 bps starting from Q2 FY25. Key Points
Economic Times
Keep looking at opportunities and valuations around them: Harsha Upadhyaya, Kotak AMC
“Assuming that you are a medium to long-term investor, you enter in a disciplined manner on a staggered basis, a larger midcap fund is a good allocation that you can make in your portfolio. And it should give you stability of largecaps and also potential kick-up from midcaps with a reasonable control on the volatility overall.” Key Points
Economic TimesETMarkets Smart Talk: Banks, cement, Infra among 7 themes that could lead next leg of rally: Jiten Parmar
According to Jiten Parmar of Aurum Capital, sectors such as banking, cement, infrastructure, paper, sugar, power, and chemicals still offer reasonable valuations. He remains constructive on the medium to long-term prospects of the Indian economy, citing robust tax collections and the formalization of the economy. However, Parmar warns of immediate challenges including the global economic slowdown, rising crude prices, and adverse outcomes from upcoming state and general elections. He advises investors to focus on individual companies, their valuations, and growth prospects. Key Points
Economic TimesLiquidity risk bigger for NBFCs than asset quality, capital: RBI FSR
Under a baseline scenario projected for one year ahead, based on assumptions of business continuing under usual conditions the gross non performing asset (GNPA) ratio is assessed at 4.1% up from 3.4% in March 2023 with capital adequacy ratio (CAR) at 24.4% down slightly from 25% in March 2023. Key Points
Economic TimesStock Radar: FDC hit fresh 52-week high in June; time to buy more or book profits?
Experts predict that FDC, a pharmaceutical company, may reach Rs 400 in the medium term, provided the stock closes above strong resistance at Rs 320. While it hit a 52-week high of Rs 322.70 on June 12, the stock is still showing positive signs, having rallied over 2% in a week and over 18% in the last three months. Key Points
Economic TimesTreading the electric truck transition
The Indian EV ecosystem is evolving and the niche e-MHDT segment has just started to take root. A lack of e-truck models in heavier segments, high upfront cost, range anxiety to users due to inadequate charging infrastructure in long-haul operations etc are key barriers to the transition. Key Points
Economic Times