Tuesday, May 14
Stock market today: The Indian market has been underperforming recently, despite positive global cues. While the Dow has been on an upward trend for four consecutive trading sessions, the Nifty has become highly volatile and apprehensive.
Indian carriers, led by Tata Group’s Air India, IndiGo, and Akasa, are poised to capture 50% of the international passenger market share by FY 2028. The surge in international leisure travel and rising disposable incomes are driving this growth.
Demand for weather derivatives, driven by climate volatility and fragility in various sectors, is on the rise. Marty Malinow's firm experiences increased interest, with CME Group reporting a significant uptick in trading volumes and outstanding contracts.
Sentynl, under Zydus Lifesciences, acquired global rights for Zokinvy, the first FDA-approved Progeria treatment. An acquisition milestone in expanding the rare disease medicines portfolio, focusing on supporting patients.
Bisma Rehman lost her Tesla job as Interoperability Lead, praising her team's dedication. Elon Musk announced cost reduction in an internal email, leading to layoffs at Tesla.
Senior citizens receive advantageous interest rates on bank fixed deposits. The Senior Citizens Savings Scheme (SCSS) and FDs offer unique benefits and tax advantages. ET's detailed comparison helps in understanding the eligibility, tax benefits, interest rates, deposit limits, and TDS implications.
According to the latest Economic Outlook from the OECD, India's GDP is estimated to have expanded by 7.8 percent in the recently concluded financial year 2023-24, with forecasts indicating growth rates of around 6.6 percent for each of the subsequent two fiscal years. However, global near-term developments present challenges to achieving higher growth.
The 4% Dearness Allowance (DA) hike benefits central government employees and retirees by increasing several allowances, leading to higher salaries and bigger pensions. This adjustment also impacts Children's Education Allowance (CEA) and Hostel Subsidy.
RBI uncovers unfair loan interest practices, orders refunds, and KFS implementation by October 1, 2024 for transparent loan terms and fair borrower treatment.
