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Credit Cards: Eight Best Ways To Redeem Reward Points
- Credit card reward points can be valuable if utilized effectively, offering various benefits to customers.
- Ways to maximize credit card rewards include booking flights and hotel stays using accumulated points.
- Shopping at partner merchants, converting points to air miles for frequent flyers, and exchanging for gift vouchers are recommended strategies.
- Redeeming points at fuel stations, buying gadgets or appliances, and utilizing instant vouchers across categories are other viable options.
- Cashback redemption is suggested for those seeking monetary savings rather than specific purchases or travels.
- To prevent points from expiring, it is advised to monitor point balances regularly and choose redemptions aligning with individual spending habits.
- Credit card users should explore various redemption options to make the most of their reward points.
- Premium and co-branded cards usually offer higher reward points on specific categories like travel, dining, fuel, or shopping on partner platforms.
- Credit card reward points can be used as currency at checkout with partner merchants or converted into digital vouchers for online shopping.
- Converting points to air miles can lead to long-term benefits like business-class upgrades or free international tickets for frequent travelers.
- Gift vouchers offer flexibility and can be used for self-shopping or as presents for others, with most providers offering e-vouchers from popular brands.
- Some cards co-branded with fuel companies allow direct redemption at fuel stations, reducing monthly petrol or diesel expenses for commuters.
- Banks often provide catalogues for redeemable items like gadgets, appliances, and more, suitable for festive season purchases or special occasions.
- Instant redemption features through mobile apps or online portals allow quick point conversions for dining, movie tickets, grooming, and more.
- It is essential to redeem points before their expiry date by tracking balances regularly on the card issuer's portal to maintain their value.
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EPFO: How To Rectify Discrepancies In Employer’s Contributions
- Employers are mandated to deposit their share of EPF contributions every month, discrepancies may arise due to defaults or delays.
- Employees contributing up to Rs 15,000 per month are required to contribute to the Provident Fund.
- EPF subscribers should frequently check their account details to ensure contributions are updated.
- Employers are required to deposit EPF amounts every month, as per EPFO guidelines.
- EPFO provides updates to subscribers about their total balance monthly.
- Discrepancies in employer contributions can occur due to defaults or delays.
- Employees can request 'Form 3-A/ECR' from employer if contributions don't match deductions.
- If employer contributions are not reflecting in the passbook, employees can seek HR or EPFO helpdesk assistance.
- Employees can register a complaint with EPFO if employer fails to submit deducted contributions.
- Employees needing legal recourse can initiate legal proceedings if employers do not comply with EPFO guidelines.
- EPFO helps ensure employer compliance with PF scheme norms.
- Employees should check EPFO website for account details and discrepancies in contributions.
- It is advisable for EPF subscribers to regularly monitor their provident fund accounts.
- EPFO sends SMS updates to members on monthly contribution credits to their PF accounts.
- EPFO's guidelines provide processes for addressing discrepancies in employer contributions.
- Employers' failure to deposit EPF contributions can lead to issues for employees.
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Bloomberg Quint
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Buy, Sell Or Hold: ITC Hotels, Bajaj Finance, JSW Infra, Aster DM Healthcare, Jyothi Lab— Ask Profit
- Analysts provided insights on stock recommendations for ITC Hotels, Bajaj Finance, JSW Infra, Aster DM Healthcare, Jyothi Lab, Punjab National Bank, and Kalyan Jewellers on NDTV Profit's Ask Profit show.
- ITC Hotels: Analyst suggests adding more shares, optimistic on the hospitality sector with price targets of around Rs 235-240 in the near term and Rs 280 in the long term.
- Jyothy Lab: One analyst recommends buying the stock due to promising fundamentals, while another advises holding, expecting a bounce back from support levels towards Rs 400.
- Bajaj Finance: Analysts recommend buying on dips considering the company's leadership in the NBFC sector and long-term investment perspective despite recent sector rally.
- Tube Investment: Analyst suggests holding the stock for the long term and waiting for a downside trend before considering any fresh buying.
- Aster DM Healthcare: Analyst suggests buying on dips, expecting the stock to reach Rs 720 levels and break into uncharted territory after Rs 608 levels.
- JSW Infra: Analyst advises adding more shares as the stock is in a sideways range and looks attractive, with potential to rise to Rs 360 levels.
- Punjab National Bank: Analyst recommends exiting the stock due to sideways movement and resistance around Rs 110 level.
- Kalyan Jewellers: Analyst suggests ignoring the stock at the current price point, waiting for potential bounce back at Rs 430 level or breakout towards Rs 800.
- Investors are advised to consult with their financial or investment adviser before making any decisions based on the recommendations.
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India, China Agree To Expedite Steps Involved In Resuming Direct Air Services
- India and China have agreed to expedite steps involved in resuming direct air services between the two countries.
- Foreign Secretary Vikram Misri and Chinese Vice Foreign Minister Sun Weidong reviewed bilateral relations and prioritized people-centric engagements during a recent meeting.
- They discussed stabilizing and rebuilding ties and appreciated cooperation, including resumption of the Kailash Manasarovar Yatra and trans-border rivers cooperation.
- The two sides are working towards concluding an updated Air Services Agreement for direct air services.
- Practical steps for visa facilitation and exchanges between media and think-tanks are on the agenda.
- Activities for the 75th anniversary of diplomatic relations between India and China will be facilitated.
- Chinese Vice Foreign Minister also met with National Security Advisor Ajit Doval during the visit.
- Both sides expressed commitment to improving and developing China-India relations.
- Discussions included bilateral exchanges, cooperation, and mutual interest in international and regional issues.
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Bloomberg Quint
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Israel's Military Apologises For Incorrect Depiction Of India's Map
- Israeli military apologizes for incorrectly depicting Jammu and Kashmir as part of Pakistan on a map posted to show Iranian missile range.
- Indian social media users objected to the map, prompting the Israeli Defence Forces (IDF) to issue an apology for inaccurately depicting borders.
- IDF clarifies the map was an illustration of the region and apologizes for any offense caused by the inaccurate depiction.
- Israeli Ambassador to India described the map as a 'bad unintended' infographics and requested its removal or correction.
- India asserts that Jammu and Kashmir, along with Ladakh, is an integral part of the country.
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Maharashtra FDA Chief Warns Of Strict Action Against Businesses For Food Safety Violations
- Maharashtra FDA Commissioner Rajesh Narvekar warned of strict actions against businesses for food safety violations.
- Violations may lead to license cancellations, fines, and legal proceedings as per food safety regulations.
- Separate preparation and processing for vegetarian and non-vegetarian food is mandated.
- 30,000 food business operators were trained in food safety standards last year in Maharashtra.
- An additional one lakh operators are planned to be trained this year.
- FDA is working with FSSAI on awareness campaigns and training programs.
- 189 new food safety officers joining FDA to increase inspections at establishments.
- Regular checks and actions are ongoing across the state to enforce food safety standards.
- FDA encourages citizens to report food adulteration incidents through helpline or Food Safety Connect app.
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Iran Launches New Attack Wave On Israel As Conflict Widens
- Iran launched multiple waves of ballistic missiles against Israel following a direct attack on its nuclear facilities, escalating the conflict significantly.
- Israel identified missiles launched from Iran and reported explosions from interceptions and debris from incoming projectiles.
- US forces assisted in intercepting and shooting down Iranian attacks, while markets experienced a downturn in response to the surge in tensions.
- Iran reactivated air defenses amid expectations of a response, marking a critical turning point in the conflict.
- Israel's operation against Iran's nuclear program has put pressure on Iran to find a proportional response, with potential lasting implications.
- The conflict poses a challenge for Iran in matching rhetoric with actions, raising concerns about further escalations and impact on global stability.
- Iran's refusal to involve the US in the conflict indicates strategic considerations amid ongoing nuclear talks and regional dynamics.
- Significant casualties and damage have been reported on both sides, with key military figures targeted in Israeli strikes.
- Israel's attacks on Iranian nuclear sites have drawn international attention and raised concerns about the broader implications of the conflict.
- The situation is complex, with potential ramifications on geopolitical relations, global trade, and regional stability.
- US President Donald Trump's response and actions in the aftermath of the conflict remain uncertain, adding to the complexity of the situation.
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Japan Seeks Possibility Of Trade Deal With US As G-7 Looms
- Japan is seeking a written agreement from the US to be exempt from additional tariff hikes on sectors like autos.
- Japan and the US held trade talks ahead of the G-7 summit in Canada.
- Ryosei Akazawa, Japan’s top trade negotiator, met with US officials for discussions.
- Japan wants an agreement to avoid additional tariffs on auto imports from the US.
- Trump suggested raising auto tariffs further, posing challenges for Japanese automakers.
- Japanese car manufacturers anticipate a significant profit impact due to existing levies.
- The US administration proposed approval for Nippon Steel Corp.’s purchase of US Steel Corp.
- Trade progress is seen as a positive sign for US-Japan relations and potential investments.
- No deadline extension was discussed for imposing reciprocal tariffs in recent talks.
- Uncertainty remains on the timing of a US-Japan trade deal announcement at the G-7 summit.
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Bloomberg Quint
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US Steel Sale To Nippon Steel Poised To Close After Trump Deal
- Nippon Steel Corp. granted conditional approval for a $14.1 billion acquisition of United States Steel Corp., facilitated by a national security agreement proposed by the Trump administration.
- As part of the $55-per-share deal, Nippon Steel will invest an additional $11 billion by 2028, with plans for a new steel mill post-2028, totaling $14 billion in additional investments.
- The security agreement includes US control measures and leadership roles going to American citizens.
- Trump's executive order clears the sale, ensuring US Steel remains in Pennsylvania.
- The deal signifies a significant investment, strengthening Japan-US steel industry ties.
- The merger deadline is June 18, creating the world's second-largest steelmaker and enhancing steelmaking capabilities critical for the US infrastructure.
- The deal faced opposition and underwent extensions and legal battles before Trump's recent approval.
- Trump's reversal on the deal, following initial opposition, included measures to protect American jobs.
- The agreement is seen as a win for Trump's trade policies and could impact negotiations with Japan on avoiding higher tariffs.
- The US will receive a 'golden share,' but specifics of its implications are undisclosed, with the deal expected to be finalized shortly.
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Bloomberg Quint
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Gold Hits All-Time High: What Happens Next? A Look At Impact Of Past Geopolitical Events
- Gold prices have crossed Rs 1 lakh per 10 gram mark again, reaching an all-time high amidst fresh geopolitical tensions between Israel and Iran.
- Spot gold price advanced to $3,383.22 an ounce on June 12, highest in a week, due to escalating tension between Iran and Israel.
- Considered a safe haven asset, gold touched Rs 1 lakh in April and surged again after Israel's strikes on Iran on Friday.
- Gold prices surged, with Delhi selling 24-karat gold at Rs 10,155 per gram, reflecting over Rs 200 increase in a day.
- Analysts suggest that geopolitical tensions, such as US-China tensions and Russia-Ukraine war, usually impact gold prices significantly.
- A Senior Technical Analyst mentioned support levels for gold at $3,220 and $3,145, anticipating a possible correction.
- Analysts predict further escalation between Israel and Iran to contribute to a bullish mood in the gold market.
- Iran retaliated against Israel following the strikes; potential for international intervention could impact gold prices further.
- The US distancing itself from the conflict, but any spread could lead to lasting reactions in gold prices, especially if oil supplies are disrupted.
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Bloomberg Quint
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Does Life Insurance Cover Death In War Zone? Essential Factors To Know
- Understanding if life insurance covers death in a war zone is critical as global conflicts escalate.
- Major conflicts like Israel-Iran, Ukraine-Russia, and India-Pakistan prompt concerns over life insurance coverage in war zones.
- Most life insurance policies in India do cover deaths in war zones as long as residency status remains consistent.
- Traveling overseas briefly without a change in residency status generally maintains policy validity in case of death.
- However, changing residency without informing the insurer may lead to claims being rejected.
- Some insurance plans exclude war-related deaths, so policies need to be reviewed for coverage specifics.
- Personal accident riders might also be affected by war-related incidents.
- Policyholders should carefully read and understand their insurance policies, especially the exclusions section.
- Keeping residency information up to date and seeking clarification from insurers is crucial for ensuring coverage benefits for loved ones.
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Breaking News Live: Iran Says 78 Killed In Israeli Strikes, Hypersonic Missiles Hit Tel Aviv
- Iran reported 78 killed in Israeli strikes on June 13, with 320 wounded, according to the country's UN ambassador.
- In retaliation, Iran launched missiles towards Israel, including a hypersonic missile that hit central Tel Aviv.
- A hypersonic missile struck the Israeli defence headquarters in Tel Aviv, breaching the Iron Dome air defense system.
- The escalation occurred following two waves of Israeli airstrikes on Iran within 24 hours.
- The conflict intensifies as Iran's action marks a significant escalation in the ongoing tensions in the Middle East.
- Iran's Foreign Ministry blamed the US for enabling Israel's attack and stated that the aggression ended the possibility of continued diplomacy with the US.
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The Curious Case Of Labubu Economics
- The rise of Labubu Economics is fuelled by celebrity endorsements and the collector's high, where plush toys are sold in blind boxes for up to $950.
- Labubu, a mischievous monster doll, has become a luxury product symbolizing affordable indulgence and curated identity, driving strong demand and resale market growth.
- Pop Mart's shares have surged 200% in 2025 due to Labubu's popularity and the trend of curated scarcity and micro-luxury in a generation adapting to economic challenges.
- Labubu is not just a toy but a talisman representing surprise, comfort, and control in a trend where scarcity is aestheticized across fashion and consumer goods.
- Labubu's success lies in offering emotional value and social currency, appealing to those seeking meaningful objects in times of financial caution and limited luxury access.
- Labubu mirrors historical frenzies like Pokémon cards and NFTs, embodying scarcity, storytelling, and social currency that drive speculative demand, particularly during economic downturns.
- Labubus may signify the new form of indulgence akin to the 'lipstick effect', catering to a generation finding solace in low-cost, high-emotion micro-luxuries during financial uncertainties.
- The Labubu phenomenon captures the essence of recession-core aesthetics, offering a coping mechanism through serotonin-driven spending and a sense of belonging in a shifting economic landscape.
- Labubu represents more than a toy; it reflects a cultural shift towards valuing emotionally significant and collectible objects as a response to financial constraints, creating a booming market around curated scarcity.
- The Labubu trend exemplifies a generation's adaptation to scarcity by turning everyday items into symbols of luxury and emotional connection, driving demand for limited edition collectibles.
- Labubu's success story encapsulates the intersection of economic escapism, curated scarcity, and emotional connection, appealing to consumers seeking affordable indulgences and curated identity in an uncertain economic landscape.
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Bloomberg Quint
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PPFAS's Investing Strategy: Genesis, Global Calls And Debt Diversification
- PPFAS Flexi Cap Fund has become synonymous with the flexi-cap category, with milestone AUM surpassing Rs 1 lakh crore.
- PPFAS's genesis principle was to create a mutual fund scheme compelling enough for its creators to invest in and recommend confidently.
- Their investment philosophy focuses on downside protection, compounding, and returns over a cycle, not just beating the index.
- The team takes a diligent research-driven approach for opportunities and cash calls in the market.
- PPFAS emphasizes global opportunities, value investing, and research-driven decisions for their extensive mandate.
- Their flexi-cap fund enables them to invest globally and identify undervalued opportunities like Google and Amazon.
- In terms of debt, PPFAS strategically deploys funds in money markets and holds exposure to real estate through REITs for potential gains.
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Bloomberg Quint
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Google Pixel 10 May Offer Qi 2 Support, ‘Pixelsnap’ Magnetic Accessories — But You’ll Have To Buy A Case
- Google is set to introduce the Pixel 10 series, including models like Pixel 10, 10 Pro, 10 Pro XL, and Pixel 10 Pro Fold.
- The Pixel 10 may come with Qi 2 support and new magnetic accessories named 'Pixelsnap'.
- Upcoming accessories under development include Pixelsnap Charger, Pixelsnap Charger with Stand, and Pixelsnap Ring Stand.
- Contrary to earlier reports, the Pixel 10 won't have in-built magnets; users will need to buy a compatible case for Pixelsnap accessories.
- Google will embed Qi 2-compatible magnets in its official Pixel 10 cases for wireless charging functionality.
- Unlike some Android devices, Apple's iPhones have had internal magnets since 2020, eliminating the need for separate cases for accessories.
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