Why One CIO Is Waiting for ‘a Solid Panic’ in the Stock Market

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Vildana Hajric and Michael P. Regan Publishing date: May 28, 2022  •  15 minutes ago  •  5 minute read  •  Join the conversation Article content (Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear … Read more

Co-location case: CBI court dismisses default bail pleas of ex-NSE CEO, CFO

The Rouse Avenue Court on Saturday dismissed the default bail applications of Chitra Ramkrishna and Anand Subramanian in the National Stock Exchange (NSE) co-location case. The Special CBI Judge Rakesh Kumar on Saturday dismissed both default bail pleas moved by Chitra Ramkrishna, Ex- CEO and MD of NSE and Anand … Read more

‘We’re headed for a family feud’: My father offered his 3 kids equal monetary gifts. My siblings took cash. I took stock. It’s soared in value — now they’re crying foul

Dear Quentin, Several years before my father’s death, he offered me and my two siblings each an early “cash gift” from his estate in the amount of whatever the maximum non-taxable amount was at the time. He was an active investor and offered the gift in the form of the stock instead of cash. My siblings … Read more

Even BJP govts haven’t sent teams to study ‘Gujarat model’: Jignesh Mevani

Dalit leader Jignesh Mevani on Saturday slammed the Left government in Kerala for sending a delegation of senior officers to study a system aiding good governance introduced by BJP-ruled Gujarat. Mevani, who is in Thrikkakara constituency to campaign for Congress candidate Uma Thomas, said there was some sort of pact … Read more

UP budget: Government fails to fulfil promises made in its ‘sankalp patra’, says Congress

The Congress on Thursday termed the 2022-2023 UP budget as “chhal” (deceit) with the people of the state, saying that the Yogi Adityanath government failed to fulfil promises made in its ‘sankalp patra’ (election manifesto). In a statement issued here, Congress Legislature Party leader Aradhana Misra also said that the budget has been infected by … Read more

India supplies 1,160 MW power to B’desh, 1,500 MW more in pipeline: EAM

External Minister Dr S. Jaishankar on Saturday said that India has been supplying 1,160 MW of electricity to Bangladesh and 1,500 MW more is already in the pipeline. Addressing the “NADI (River) Conclave 2022” here, he also said that India is collaborating on a series of road projects in Bangladesh, … Read more

Will Apple’s iPhone numbers keep meeting expectations?

Ming Yeung/Getty Images News With Apple (NASDAQ:AAPL) prepared to host its annual developers conference in early June, the consumer electronics behemoth will take a few days to focus on software and services designed to appeal to its developer community. It automotive parlance, it will be a lot of “under the hood” stuff. But, while Apple … Read more

European leaders urge Putin to unblock Ukraine’s grain supplies

European leaders have stepped up diplomatic efforts to loosen Russia’s hold on Ukraine’s grain supplies as Kyiv’s prospects in the eastern Donbas region worsen and the risk of a global food crisis mounts. German chancellor Olaf Scholz and French president Emmanuel Macron discussed the situation with Vladimir Putin in a phone call on Saturday. Putin … Read more

Major fire breaks out in Thane factory, exploding cylinders create panic

A major fire broke out in a factory manufacturing scientific equipment in Thane’s Wagle Estate area late Saturday night, a civic official said. The fire started at around 10pm in the unit, where gas cylinders have also been stored, said Thane Municipal Corporation regional disaster management cell chief Avinash Sawant. … Read more