What you can learn from the great crash in tech stocks

2 months ago Mint

The new age tech stocks have been taken to the cleaners. View Full Image Source: EquitymasterThe carnage in US tech stocks was enormous. Just look at the wealth destruction in the biggest US tech stocks from their 2021 all-time highs to their recent lows. But the biggest reason for the crash has been…Rising Interest RatesTech stocks are growth stocks. When the US Fed started raising interest rates to bring down high inflation, the momentum in tech stocks disappeared.
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Ayodhya Diwali celebrations: PM Modi to launch ‘Deepotsav Mahotsav’ today

Prime Minister Narendra Modi, who is all set to begin his visit to Ayodhya on the occasion of Diwali 2022, will attend the ‘Deepotsav’ celebrations on Sunday after offering prayers to Lord Ram at the under-construction Ram Janmabhoomi temple. During the Deepotsav Mahotsav, around 18 lakh earthen lamps will be lit today as part of Diwali celebrations that will also include fireworks, a laser show, and the staging of Ramlilas. At the Ram Katha park, Lord Ram, Goddess Sita, Lord Lakshman and Lord Hanuman will be shown descending from a ‘pushpak vimana’," Rinwa told PTI. This Deepotsav is going to be more grand and memorable for us as Prime Minister Narendra Modi will be coming for the event." Notably, this is the sixth edition of Deepotsav Mahotsav and it is for the first time that the Prime Minister will be participating in-person in the celebrations.

3 months ago Mint

Everyone is criticising Netflix’s The Crown Season 5 except Prince Harry - here’s why

According to reports, Prince Harry has absolutely no influence on Netflix and is powerless to direct the company's operations. Everyone seems to be criticising The Crown Season 5 except Harry. Reports suggest that Harry and Meghan, especially after The Queen’s demise, want to be extra cautious about what is portrayed in the show. If the show ends up offending King Charles, Harry and Meghan will be at the risk of losing their titles. Moreover, there are rumours that King Charles may be reluctant to bestow the titles of Prince and Princess on Harry and Meghan's children, Archie (3) and Lilibet (1).

3 months ago Mint

From King Charles III to Mona Lisa, why are activists spoiling exhibits

It is worth noting that Just Stop Oil activists also tried to spoil other masterpieces including Mona Lisa, Monet Painting, etc. However, this was not the first time when Just Stop Oil activists spoiled expensive exhibits in museums to mark their protest. Even the famous Mona Lisa could not be saved from their food attack. Climate warriors attempted to cake Mona LisaIn May this year, the climate warriors chose the globally popular Mona Lisa painting to send their message across the world. The two activists, twenty-year-old Anna Holland and twenty-one-year-old Phoebe Plummer were later arrested by the policeWhy are the climate activists spoiling exhibits?

3 months ago Mint

'It's revenge time...', Trevor Noah's take on Rishi Sunak as UK PM | Watch

Moments after Rishi Sunak became UK prime minister, comedian Trevor Noah, who runs an American television show, released a hilarious take on the new British PM, Conservative Paty, and the racism that is brewing around it. “Can you imagine me becoming Prime Minister of Pakistan? Meet Rishi Sunak, Britain's new PM who is only 42, meaning he'll probably serve well into his 42-and-a-halves pic.twitter.com/I7fP8Ohi0j — The Daily Show (@TheDailyShow) October 25, 2022How UK media reacts to Sunak getting the top jobRishi Sunak's rise to the top received both and bouquets from the UK media. Echoing similar sentiment, The Mail headline read, “A new dawn for Britain" with the sub-head: "Rishi Sunak becomes our youngest modern PM - and first with an Asian heritage". However, not all media outlets were happy with Sunak being the UK's new Prime Minister.

3 months ago Mint

Rishi Sunak sports 'Kalawa' during his 1st speech as UK PM at 10 Downing Street

Rishi Sunak, the first Indian-origin and Hindu Prime Minister of the UK, was seen wearing the sacred red Hindu 'Kalawa' thread during his first speech at 10 Downing Street. Sunak was seen wearing "Kalawa" when he waved to the public from outside No 10 Downing Street. In his statement from 10 Downing Street, Sunak said that he has been elected for the mistakes of former PM Liz Truss. He also lauded former UK PM Liz Truss, paying tribute to her, he said, "I want to pay tribute to my predecessor Liz Truss. He became the new UK prime minister after meeting King Charles III at Buckingham Palace.

3 months ago Mint

India rate-setter wants RBI to focus on softening core inflation

“It is important that the inflation expectations are anchored closer to the policy target." While the debate on India’s inflation centers around the headline consumer price inflation, it is the core measure that has troubled policymakers for years. Despite raising its main policy rate by 190 basis points this year, the RBI failed in its mandate to keep the retail number within its targeted 2%-6% range for nine straight months. “The food and fuel inflation are driven by the supply conditions and inelastic demand," Bhide said. However, after the war shock, prioritizing inflation in policy became important.

3 months ago Mint

WATCH: PM Modi opens up exciting vistas for hilly states in THIS 21-year-old video

The video originally posted by Modi Archive Twitter handle shows the prime minister's vision for the hilly state Uttarakhand in the year 2001. Enhancing economic activity in hilly states via spiritual tourism & opportunities for youth2. Making hilly states sources of green energy that benefit the nation while not compromising natural resources". Enhancing economic activity in hilly states via spiritual tourism & opportunities for youth2. Making hilly states sources of green energy that benefit the nation while not compromising natural resources2/2 pic.twitter.com/HoNPnHYfPS — Modi Archive (@modiarchive) October 21, 2022PM Modi thanked the Twitter handle and reshared the video.

3 months ago Mint

Geopolitics renders COP27 a framework for futile debates

In short, the desire to make COP27 an implementation session (to follow up on Glasgow’s COP26 commitments) is likely to see geopolitics throttle the world’s climate ambitions once more. The website of the UN Framework Convention on Climate Change (UNFCCC) states: “At COP27, countries come together to take action towards achieving the world’s collective climate goals as agreed under the Paris Agreement and the Convention. On one hand, China has been increasingly flexing its economic and strategic muscles, ratcheting up its bellicosity towards Taiwan recently. There is another actor at play here: Europe, which is likely to dial down its rhetoric at COP27 this time. This is the basis for enhanced equity-based international cooperation on climate change envisioned under the UNFCCC and its Paris Agreement."

3 months ago Mint

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