Новости за 13.05.2024

​Hong Kong suspended sales last month of three spice blends made by MDH and one by another Indian company, Everest, for apparently containing high levels of a cancer-causing pesticide. Ethylene oxide is unfit for human consumption and a cancer risk with long exposure. India is the world's biggest spice producer and is also the largest consumer and exporter of spices.

Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.

Actors Allu Arjun and NTR Jr participated in the Lok Sabha elections, casting their votes in Hyderabad. The fourth phase of voting includes 96 parliamentary constituencies across nine states and one Union Territory. Leaders like Asaduddin Owaisi, Akhilesh Yadav, and others are contesting in key constituencies. The election process has been smooth and peaceful so far.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday.

Financial markets expect the U.S. central bank to start its easing cycle in September. Lower interest rates reduce the opportunity cost of holding gold.

Markets have priced in a 61.2% chance of some degree of rate reductions to begin at the Fed's September meeting, with about 50 basis points of cuts in total expected, CME's FedWatch Tool showed.

Arm Holdings to launch AI chips in 2025, with SoftBank's involvement. TSMC negotiations ongoing. Investors anticipate SoftBank's earnings report for growth investment clues amid a surge in AI computing interest.

Taking to X, PM Modi said, "In today's 4th Phase of the Lok Sabha elections, 96 seats across 10 States and UTs are going to the polls. I am sure people in these constituencies will vote in large numbers and the young voters as well as women voters will power this surge in voting. Come, let's all do our duty and strengthen our democracy!"

Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.

Trump further claimed that "the very same people who are funding the violent campus uprisings are also funding Joe Biden's campaign", adding that Biden is running a "radicalised" Democratic Party.

Hamas has reemerged in parts of Gaza, Blinken said, and that "heavy action" by Israeli forces in the southern city of Rafah risks leaving America's closest Mideast ally "holding the bag on an enduring insurgency."

Happy Monday! Ecommerce major Flipkart is in discussions to shift its domicile from Singapore to India. This scoop and more in today’s ETtech Morning Dispatch.

The Food Safety and Standards Authority of India denounced as “false and malicious” news reports that linked the spice scandal to a recent 10-fold relaxation on maximum permissible limits of pesticide residue. The country has the most stringent norms, the regulator said, even though others clearly seem to think otherwise.

The training of Maldivians was the main reason for the arrival of Indian soldiers with the helicopters donated during former Presidents Mohamed Nasheed and Abdulla Yameen's governments and the Dornier aircraft brought during former President Ibrahim Mohamed Solih's government. The removal of Indian troops from Maldives was the main election campaign of Muizzu's party.

SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.

SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.

Smruti is protected under the law, which clearly defines streedhan, or property of a married woman. Her jewellery, as well as other gifts that she might have been given by her husband, parents or in-laws, are solely her property and she is free to use these in any way she thinks fit.

Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage.

Anyone who has taken a home loan and has completed one year of repayment without missing any EMIs is eligible for a top-up home loan.

When someone loses money, there is always the judgement that one could have avoided it. The society dissects the failure with the benefit of hindsight and points out what should have been done instead. Failed businessmen bear that burden and are constantly reminded of the mistakes they made while managing their now-failed enterprises.

We have reached a stage where everyone thinks that cryptocurrency is a legitimate asset class. While there may be regulatory obstacles, these will eventually be overcome. Another surge in value is inevitable, resulting in substantial increase in the wealth of those who have crypto. With each surge, a new wave of unsuspecting savers will put their financial well-being at risk.

While investing in fixed income, investors typically hunt for safety of capital and predictability of return. Most retail investors shy away from debt funds as these are market-linked. While individual bonds may seem appealing, the onus of due diligence falls on the investor.