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Bloomberg Quint
2w
211
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OPEC+ To Further Accelerate Supply Boost With Larger August Hike
- OPEC+ plans to boost production by 548,000 barrels a day for August.
- Strategy shift aims to capitalize on summer demand and reclaim market share.
- The move follows earlier increases and accelerate supply restoration efforts.
- Increased production may impact oil prices and global supply surplus concerns.
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Bloomberg Quint
2w
4.8k
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Aakash Accuses EY Of Conflict Of Interest Over Allen Partnership, Sends Legal Notice
- Aakash Educational Services Ltd. has issued a legal notice to Ernst & Young LLP over conflict of interest accusations, alleging the consultancy firm acted against Aakash's interests while advising its competitor, Allen Career Institute.
- Aakash claims that EY's involvement in its financial operations, advised on a proposed merger with Byju's, and served as the financial advisor to Allen breaches professional ethics.
- Aakash demanded that EY withdraw from advising and acting as resolution professional in the Byju's insolvency within seven days, threatening legal action if EY fails to comply.
- The legal notice highlights EY's alleged refusal to provide key documents, whistleblower emails revealing attempts to orchestrate fraudulent insolvency proceedings, and calls for an investigation into EY's professional conduct.
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Bloomberg Quint
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417
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Safex Chemicals Files Draft Papers For Rs 450 Cr IPO
- Safex Chemicals filed draft papers for a Rs 450 crore IPO with a focus on agrochemicals.
- The IPO includes a fresh issue of shares and an offer-for-sale component with various selling shareholders.
- Proceeds from the IPO will be used for repayment of borrowings and subsidiary Shogun Organics Ltd.
- Book-running lead managers for the issue are JM Financial Ltd., Axis Capital Ltd., and SBI Capital Markets Ltd.
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Bloomberg Quint
2w
176
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India-US Trade Deal: Where Talks Stand, What's Holding Them Back — Here's What We Know So Far
- India is not in a rush to sign a trade deal with the United States that risks its core economic interests.
- Negotiations between India and the US have been ongoing, with Commerce Minister Piyush Goyal emphasizing that New Delhi will not be pressured by arbitrary deadlines.
- The July 9 deadline for finalizing an interim trade agreement is unlikely to be met, with the deal likely to cover only goods at present.
- India has reserved the right to retaliate against US safeguard duties on auto parts, steel, and aluminum, potentially impacting $2.89 billion worth of US imports annually.
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Bloomberg Quint
2w
336
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Sushil Kedia Issues Clarification On Marathi Language Row As MNS Workers Vandalise Office
- Entrepreneur Sushil Kedia's office was vandalized by Maharashtra Navnirman Sena (MNS) workers following a controversial social media post.
- Kedia retracted his earlier tweet criticizing MNS chief Raj Thackeray, stating it was made in a wrong state of mind and under stress.
- Kedia expressed regret, withdrew his comments, and emphasized the importance of encouragement over fear in learning the Marathi language.
- The incident highlights the MNS's firm stance on promoting Marathi language and culture, occasionally leading to conflicts with non-Marathi speakers.
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Bloomberg Quint
2w
168
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Pakistan, US Conclude Critical Round Of Trade Negotiations
- Pakistan and the US have concluded a critical round of trade negotiations, reaching an understanding on a deal that could shape the future of the country’s key export sectors.
- The agreement is expected to prevent the re-imposition of a 29% tariff on Pakistani exports, primarily textiles and agricultural products.
- The deal could lead to increased Pakistani imports of US goods, potential American investment in sectors like mining, energy, and infrastructure, and expanded engagement through the US Export-Import Bank.
- Officials remain optimistic that the agreement will sustain Pakistan's access to the US market and help reset bilateral economic ties strained since high tariffs were introduced during the Trump administration.
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Guardian
2w
366
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How to manage your money in turbulent times, from savings to mortgages
- Experts advise not selling investments in times of market uncertainty.
- Consider switches to bonds if needing funds in less than 5 years.
- With savings, fixed-rate deals can provide stable returns amidst market fluctuations.
- Pensions may need adjustments due to stock market volatility, consider lifestyling funds.
- Energy bills may increase post-cap decrease, fixed-rate tariffs offer protection.
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Bloomberg Quint
2w
237
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Neeraj Chopra Classic 2025: Date, Timings, Participants, Live Streaming And All You Need To Know
- The Neeraj Chopra Classic 2025 will be held on July 5 in Bengaluru at the Sree Kanteerava Stadium.
- Neeraj Chopra, a two-time Olympic medallist, will compete against top throwers from around the world in the event.
- Participants at the Neeraj Chopra Classic 2025 include athletes like Curtis Thompson, Martin Konecny, Julius Yego, and others.
- The event will be live streamed on the Star Sports Network and Jio Hotstar app for fans to watch.
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Bloomberg Quint
2w
340
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Rs 10,000 SIP vs Rs 10 lakh FD: What Makes You A Crorepati Faster?
- Fixed deposits (FDs) offer safe and guaranteed returns, while mutual fund SIPs provide potential for faster growth.
- FDs are low-risk investments with predictable returns but offer lower returns compared to mutual funds, typically offering 6-7% interest rates.
- Mutual funds, on the other hand, offer annual returns of 12-15% over the long term, albeit with market risks.
- A comparison between a Rs 10,000 SIP and a Rs 10 lakh FD shows that SIPs can make you a crorepati faster due to higher potential returns, although they come with market risks.
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Bloomberg Quint
2w
310
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Raj From DDLJ Is No Indian Woman's Dream In 2025 — Here's What They Want In Their Partner
- The 'bad boy' in leather jacket fever is fading away, as women desire traits like emotional intelligence and kindness.
- A survey by QuackQuack reveals that women seek reciprocity, effort, and eagerness in their partners.
- Backhanded compliments and material possessions are no longer attractive traits in potential partners.
- Kindness, emotional intelligence, and ambition are valued more than looks and financial stability.
- Equality in relationships is preferred over power struggles, according to modern Indian women's preferences.
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Bloomberg Quint
2w
51
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Got Your Form 16? Things You Should Do Next: A Step-By-Step Guide
- Form-16 is a crucial document for salaried employees to claim deductions and refunds during income tax filing.
- The Form-16 consists of two parts: Part A displays TDS details, and Part B highlights the salary breakup, allowances, and deductions eligibility.
- Steps after receiving Form-16 include verifying PAN, salary, and TDS details, checking salary breakup for deductions, comparing with Form 26AS, ensuring accurate taxable income, addressing discrepancies with the employer, and filing ITR using Form 16 details.
- It is essential to match the details in Form 16 with Form 26AS to ensure correct tax filing and reach out to the employer in case of any discrepancies for timely resolution.
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Bloomberg Quint
2w
314
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Talking Point This Week — Opposing Forces
- Key talking points include Trump's 'Big Beautiful Bill' passing US Congress successfully amid opposition.
- China's withdrawal of workers from Indian factories, bar on Jane Street Group, and NATO's defense spending increase.
- Updates on companies like Bajaj Finance, Trent, HDFC Bank, and the rising popularity of cruises.
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Bloomberg Quint
2w
63
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Slice Launches India's First UPI-Powered Bank Branch And ATM
- Fintech company Slice has launched the Slice UPI credit card, offering no joining or annual fees, allowing users to make UPI transactions by drawing from their credit line, and providing up to 3% cashback on all transactions.
- Slice has introduced a 'slice in 3' feature where users can split a purchase into three interest-free instalments. They can link their credit card directly to UPI, enabling various transactions such as scanning QR codes, making payments at stores, splitting bills, and ordering online.
- In addition to the credit card, Slice has unveiled India's first UPI-powered physical bank branch and ATM in Koramangala, Bengaluru, facilitating withdrawals, deposits, account openings, and other banking services. The branch offers total UPI integration across all customer interactions.
- Slice's CEO, Satish Kumar Kalra, highlighted the advancement in credit access and inclusion by introducing credit on UPI, while Founder Rajan Bajaj emphasized transforming the credit card with UPI's assistance to enhance the credit aspect. Bajaj also mentioned the UPI ATM's role in making basic banking services economically viable for a larger population.
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Bloomberg Quint
2w
64
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Monsoon Getaways Near Mumbai: Lonavala Is So Last Season — Try These 10 Stunning Destinations Instead!
- Discover 10 stunning monsoon getaways near Mumbai, besides the traditional Lonavala option.
- Escape to coastal gems like Alibaug, Tarkarli, Kashid, and Ratnagiri for a serene experience.
- Enjoy spiritually enriched towns like Harihareshwar and Ganpatipule for a cleansing retreat.
- Experience unique adventures at Kalsubai Peak, Mandwa, Durshet, and Malshej Ghat.
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Bloomberg Quint
2w
112
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Toll Charges Reduced By Up To 50% On National Highways With Bridges, Tunnels
- The Ministry of Road Transport and Highways has amended the 2008 rules to introduce a new formula for toll charges on national highways with structures like bridges, tunnels, flyovers, or elevated stretches.
- Toll rates have been reduced by up to 50% on sections of National Highways with such structures, aiming to decrease travel costs for motorists.
- The new toll calculation method involves adding ten times the length of structures to the highway section length or five times the total section length, with the charge based on the lesser length.
- This amendment aims to lower toll charges on stretches with structures such as flyovers, underpasses, and tunnels by up to 50%, compared to the previous method which required users to pay ten times the toll per kilometer of structure.
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