INDIA

Amit Shah on two-day visit to Arunachal Pradesh from Saturday

On Saturday, Shah will attend the Golden Jubilee celebrations of Ramakrishna Mission School at Narottam Nagar, Deomali in Tirap district after which he would go to Namsai and lay the foundation of the Parshuram statue.

NCLAT stays NCLT order directing RattanIndia Finance to appoint JV nominee as CFO

LSF 10 Rose Investments, a subsidiary of US-based private equity firm Lone Star Funds (LSF), holds 50 per cent shareholding in RattanIndia Finance (RF), a non-banking finance company.

Delhi High Court notice to CBI on Chitra Ramakrishna bail plea in NSE Co-Location case

The bench of Justice Sudhir Kumar Jain on Friday sought response of CBI in the matter and fixed the matter for hearing on May 31, 2022. Court also noted that one statutory bail plea also pending before trial court as the was chargesheet filed in the matter without required sanctions and cognizance yet to be taken.

Maharashtra: Nine charred to death as fire breaks out after tanker-truck collision in Chandrapur

"A tanker loaded with diesel collided with a truck transporting logs of wood close to Ajaypur near Chandrapur city. After the accident, a fire broke out in which nine persons were charred to death on the spot," Chandrapur's Sub Divisional Police Officer, Sudhir Nandanwar, said.

International

US campaigner wears his trash to send a message

We all know someone with a rubbish fashion sense, but Rob Greenfield is proud to be wearing garbage -- it's all part of a plan to show just how much trash we unthinkingly throw away every month.

Why the Sri Lankan PM vowed to buy more fertilisers

In April last year, President Gotabaya Rajapaksa had decided to ban imports of chemical fertilisers to fave on foreign exchange.

Shanghai finds cases after five days of 'zero COVID' but end of lockdown on track

The commercial hub of 25 million found three new cases in the same family in Qingpu district. All had taken three doses of vaccine and their infections were discovered during regular testing, authorities said.

China quietly increases purchases of low-priced Russian oil

The move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly support Moscow and potentially expose its state oil giants to sanctions. China's seaborne Russian oil imports will jump to a near-record 1.1 million barrels per day (bpd) in May, up from 750,000 bpd in the first quarter and 800,000 bpd in 2021, according to an estimate by Vortexa Analytics.

Entertainment

India set to add 30 crore more OTT users: Anurag Thakur

"We are poised to take another leap as 300 million (30 crore) citizens are set to connect online as India marches ahead in cementing its space in the media and entertainment sector," the minister was quoted as saying in a press release.

Netflix actually losing long-term paid subscribers: Report

Netflix is fast losing long-term subscribers -- who have been with the streaming service for more than three years - further adding to its woes as the company faces stalled growth amid revenue slowdown.

Sony to invest more in Indian movie projects

The company will enter the Tamil market and has collaborated with Kamal Haasan for an untitled project.

DTH players seek 8% licence fee waiver to remain competitive

DTH body approached the Information and Broadcasting Ministry following a proposal under the consideration of the DoT to waive the licence fee on broadband services.

Teachnology

Tracing the journey of AI, its turning points, and what the future looks like

AI’s practical applications evolved slowly, but in the last five years, it has become the world’s hottest technology. From speech and object recognition to healthcare to autonomous vehicles, it is making a mark in various spheres. While the general view about AI has turned cautious, even negative, it’s important to be balanced about the concerns to harness this technology’s potential.

Where will Zilingo go? Questions to Sequoia Capital, the board, the company, and Ankiti Bose

Another highly acrimonious boardroom war, which places Sequoia Capital against a founder it once backed, is reaching its final phase, as investigations that Zilingo’s board launched against CEO Ankiti Bose are concluding soon. Seven weeks since Bose was suspended, the information that has so far come out leaves more questions than answers.

LTI Mindtree dreams of being a TCS. The outcome of the merger will realize or wreck the dream.

The market cap of the combined entity following the merger announcement of L&T Infotech and Mindtree is higher than Tech Mahindra, a tier-I IT company. LTI Mindtree’s premium hinges on continued high growth performance in FY23. But the chaos of merger, people exits, and competitive hiring atmosphere could dent ambitions.

India must succeed in its chipmaking mission to stay ahead in the world order: Intel icon Vinod Dham

Dham, an advisor to the government’s India Semiconductor Mission, suggests a three-pronged plan of action: Upgrade the existing semiconductor facility in Mohali; work with partners with 15 to 20 years’ experience in building fabs; and go for products that have a sizeable market.

Traveling

Shack in Bentota, Delhi's Soy X Neung Roi & more: Top 5 must-try restaurants in 2022

This is a delight for every foodie-traveller out there.

ETPanache Travel Editor's note: Travel Postcard to Corona

​​With commercial aviation taking off in full throttle, make the most of holiday discounts and early-bird bookings this season.

Sanatan Leela Book & Music: A treasure for all

Music has no boundaries and one does not need to know any language to understand music.

Dubai - a preferred destination for Indian business and leisure travellers

​​With the reopening of commercial aviation, revival of the travel sector will soon be a reality.

Small Biz

CCI will dampen India’s financial inclusion goals by narrowing the relevant market for c-commerce

A narrow definition will adversely impact bridging digital divide & inclusive growth opportunities.

Semiconductors: How India can take a cue from Israel to build a vibrant chip ecosystem

The pandemic exposed the vulnerabilities in the supply chain, bringing chip manufacturing in sharp focus again. What can India do to up its game in chip design and manufacturing?

Panama canal vessel queue reflects shipping bottlenecks

The canal saw record amounts of cargo pass through its locks in its most recent fiscal year as an easing of trade restrictions between China and the US opened up the market for grains, pork and liquefied natural gas.

Shanghai lockdown easing doesn’t mean end to shipping snarls

The world’s supply chains have taken a battering this year from China’s Zero Covid policy, which has hampered the production and delivery of everything from bathroom faucets to Apple iPhones.

Markets

Stellar returns or just a mirage? How Brightcom’s fundamentals don’t support its valuation

While the company’s tech business segment is on a growth path, Brightcom's overall fundamentals are shaky. Huge receivables on the balance sheet, mounting loans and advances, declining sales-to-working capital ratio, and a Sebi investigation calling for a forensic audit signify a large pressure on the running cost of the business.

Pakda gaya toh chor: Inside the muck called front-running and what the Axis MF episode teaches us

While Axis MF has suspended two fund managers, front-running is the most common malpractice as the Indian market lacks depth. Even though Sebi has highly sophisticated IT and AI systems to generate alerts, perpetrators go about their misdeeds in the absence of a zero-tolerance policy against the practice of front-running.

Spring in their step: Indian footwear makers are set for explosive growth in the post-pandemic world

From being a necessity, footwear has become more of a fashion statement in India. With more people taking health and fitness seriously, the demand for casual and athleisure footwear is on the rise. Further, Indian footwear makers are marching ahead in the global market — thanks to a shift to automation and a steady improvement in product quality.

The three pills that can rejuvenate India’s ETF industry: promotion, affordability, and liquidity

ETFs have been around in India for over 20 years now, but they haven’t taken off like they ought to have. Faced with limited options, investors want to pile on whatever products are available in the listed exchanges. Besides, lack of liquidity is hampering the growth of the industry. What is the way out?

Automibile

$143 million! World's most expensive car ever sold

A 1955 Mercedes-Benz was auctioned off earlier this month for a whopping 135 million euros - or $143 million - This makes it the world's most expensive car ever sold, RM Sotheby's has announced.

ZF Group aims to quadruple revenues to €3 billion, sees India amongst the fastest growing market this decade

Besides boosting exports, the expanding Indian market will help ZF quadruple its local revenues to ₹3 billion by the end of the decade, making it among the fastest growing markets for ZF, Holger Klein, member of the board of management, and head of India and Asia Pacific region, ZF, told ET.

Inflation: Small car buyers may defer purchase, affluent people won't have problems, says Maruti head Bhargava

“I will not be surprised if inflation has an impact on buyers on margins who can just about afford to buy a car with their disposable income,” Bhargava said. “These customers may defer their purchase. Affluent people will not have such problems.”

Jeep India launches SUV Meridian, price starts from Rs 29.9 lakh

It will be available in five variants, including all-wheel drive version, with introductory prices ranging from Rs 29.9 lakh to Rs 36.95 lakh.

Asnlive Headlines

Sports

Top 5 highest individual scores ever in IPL

KL Rahul, who was the skipper of Kings XI Punjab in IPL 2020, led the charge against Royal Challengers Bangalore, scoring an unbeaten 132 with 14 boundaries and seven sixes.[Read More]

Virat Kohli finds form as RCB steamroll Gujarat to stay in IPL play-off race

Chasing 169, Kohli, who struck eight boundaries and two sixes, and captain Faf du Plessis (44) laid the foundation with a 115-run stand. Glenn Maxwell (40 not out off 18) provided the finishing touches as RCB romped home with eight balls remaining.[Read More]

Nikhat Zareen becomes World Champion, only fifth Indian woman boxer to achieve feat

Six-time champion Mary Kom (2002, 2005, 2006, 2008, 2010 and 2018) Sarita Devi (2006), Jenny RL (2006) and Lekha KC (2006) are the other pugilists who have won the world title.[Read More]

World Boxing Championships 2022: India's Nikhat Zareen wins gold

Defence

As Joe Biden visits Asia, China launches South China Sea drills

The U.S. does not take a foreign position on the sovereignty issue but insists on the right to operate freely in the sea and frequently sails warships close to militarized Chinese-held islands in the area in what are termed “freedom of navigation operations."[Read More]

Will walk the talk on terrorism, claims Bilawal Bhutto in US as Pakistan stays in FATF grey list

Answering a question on Pakistan's position on terrorism, Bhutto said, "As far as terrorism and extremism is concerned, this is a consistent, long term and existential threat to all of us. Pakistan has a National Action Plan that is all-encompassing. It combats hate speech, it combats extremism, it combats this thought and this toxic ideology and has a way forward to deal with groups."[Read More]

Britain: Russian troops likely to redeploy from Mariupol

More than 1,700 defenders of the Azovstal steel plant in Mariupol have surrendered since Monday, Russian authorities said, in what appeared to be the final stage in the nearly three-month siege of the now-pulverized port city.[Read More]

Ukraine: Troops who defended Mariupol steel mill registered as POWs

Amnesty International said in a tweet that the POW status means that the soldiers "must not be subjected to any form of torture or ill-treatment."[Read More]
Our YouTube ChannelOur Facebook PageOur Twitter PageOur LinkedIn PageOur Instagram PageOur Whatsapp NumberYour Idea