뉴스

Glass ceiling: ‘Visibility is not equality, symbolism is not power’

Though women’s vote is more important than it ever was earlier, it hasn’t turned into increased representation, say women parliamentarians

Melinda Gates donates $215 mn for women’s health, dares others billionaires to follow

Melinda French Gates has pledged an additional $215 million to women's health, urging fellow billionaires to invest in this underfunded sector. She highlighted increased support for reproductive rights organizations, citing fear among some philanthropists due to the current administration's policies.

Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor

Shares of Go Digit General Insurance surged 8.66% to Rs 329 during Friday's trading session, extending gains after a significant Rs 100-crore block deal in the previous session attracted prominent institutional investors.The block deal saw Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund collectively acquire 33.33 lakh shares at a weighted average price of Rs 300 per share.Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around Rs 35 crore.The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33.33 lakh-share stake for nearly Rs 100 crore.Stock PerformanceDespite Friday's sharp rally, Go Digit Insurance has remained under pressure over the past year, with the stock declining around 10% during the period. The company currently commands a market capitalisation of Rs 27,993 crore.The stock's 52-week high stands at Rs 381.40, while its 52-week low is Rs 295.50.On the valuation front, Go Digit Insurance trades at a Price-to-Earnings (P/E) ratio of 49.28 and a Price-to-Book (P/B) ratio of 6.51, reflecting premium market expectations for the insurer's growth prospects.The company delivered a robust financial performance in the March 2026 quarter. Revenue rose 9% year-on-year to Rs 3,181 crore, while net profit surged 49.2% YoY to Rs 173 crore, highlighting improved profitability and operational efficiency.The shareholding pattern for the March 2026 quarter reflected mixed investor activity. Promoters marginally reduced their stake in the company from 73.03% to 73.01%, while Foreign Institutional Investors (FIIs) trimmed their holdings from 8.26% to 8.01%. In contrast, mutual funds increased their ownership from 8.02% to 8.28%, signaling continued confidence from domestic institutional investors despite the reduction in foreign investor participation.From a technical perspective, the stock's Relative Strength Index (RSI-14) stands at 40.8. An RSI below 30 is generally considered oversold, while a reading above 70 signals overbought conditions.Go Digit Insurance is currently trading above 5 out of its 8 key Simple Moving Averages (SMAs), suggesting improving near-term momentum. However, the stock remains below its 100-day, 150-day, and 200-day moving averages, indicating that long-term trend confirmation is still awaited.The sharp rally following the Rs 100-crore block deal and increased mutual fund participation has put Go Digit Insurance back on investors' radar. Market participants will closely watch whether the stock can sustain momentum and reclaim key long-term resistance levels in the coming sessions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price

Shares of Adani Ports and Special Economic Zone rebounded after a two-session decline, rising more than 1% to Rs 1,812 on Friday after Goldman Sachs reaffirmed its 'Buy' rating on the stock. The brokerage also raised the stock's target price to Rs 1,870. Goldman Sachs highlighted that cargo volumes in May 2026 rose 16% year-on-year to 48.3 million tonnes, led by a 33% increase in liquid cargo and a 17% rise in container volumes. Quarter-to-date cargo volumes stood at 91.4 million tonnes, up 15% from a year ago and ahead of analyst expectations.Goldman Sachs noted that thermal coal volumes are witnessing a recovery and are likely to remain robust during the summer months. However, logistics rail volumes in May declined 19% year-on-year to 48,170 container units.The brokerage identified key growth drivers as higher Tata Power-linked coal volumes at Mundra, the ramp-up of operations at the Vizhinjam transhipment hub, growth in liquid cargo at Mundra, and expansion of multimodal logistics parks.Reflecting the strong volume momentum and improving return on capital employed (ROCE), Goldman Sachs has revised its earnings estimates upward and increased its target price for the stock.Adani Ports Q4 snapshotAdani Ports and Special Economic Zone (APSEZ) reported a consolidated net profit of Rs 3,329 crore for the March-ended quarter, compared to Rs 3,014 crore in the year-ago period, marking a 10% increase. The profit after tax (PAT) is attributable to equity holders of the parent.India's largest port operator posted revenue growth of 26% year-on-year (YoY) to Rs 10,737 crore in Q4FY26, as against Rs 8,488 crore posted by the company in the corresponding quarter of the previous financial year.The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the quarter under review stood at Rs 6,02 crore, up 20% from Rs 5,006 crore reported in Q4FY25.Also read: Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi order For the full financial year, PAT jumped 16% to Rs 12,782 crore compared to Rs 11,061 crore in FY25, while the topline stood at Rs 38,736 crore for FY26 versus Rs 31,079 crore in FY25, recording a 25% growth. EBITDA saw a 20% YoY uptick at Rs 22,851 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Microsoft HR head Amy Coleman to employees in memo: I want to be transparent about how things are feeling across Microsoft and what ...

Microsoft's Chief People Officer Amy Coleman shared employee survey results, highlighting increased employee "energized" and "empowered" feelings, alongside strengths in security and inclusion. However, challenges remain in opportunities for experience broadening, productivity support, and clarity on work's organizational connection. Coleman pledged greater transparency and communication amidst intense change.

CBSE OSM Contract Value Increased By Rs 10 Crore Despite No Change in Workload: Report

CBSEs On-Screen Marking contract for Coempt Edu Teck rose from Rs 28 crore to Rs 38.46 crore for same workload. Actual cost of work is around Rs 25.39 crore.

IndiGo suspends ops to 6 int'l destinations

IndiGo has announced the temporary suspension of flights to six international destinations as it adjusts its network amid softer travel demand and rising operational costs.The airline said the move is part of a broader network optimisation strategy aimed at matching capacity with current market conditions while maintaining operational efficiency.Which International Routes Has IndiGo Suspended?According to the airline, services to the following destinations will be temporarily suspended:Hong KongShanghaiHo Chi Minh CityLangkawiKrabiSiem ReapFlights to Hong Kong, Shanghai, Ho Chi Minh City, Langkawi and Krabi will be suspended from July 1, while services to Siem Reap will be paused from July 3.Read more: HSBC says Asia's largest slum could soon have metro stations, green spaces & 125,000 new homesThe suspension is expected to remain in place until September 30.Why Has IndiGo Suspended These Flights?IndiGo said the decision was driven by a combination of softer seasonal demand and a challenging operating environment.The airline noted that the upcoming quarter typically witnesses lower travel demand, especially on certain international routes.At the same time, airlines continue to face increased operational expenses, making it necessary to review network deployment.In a statement, IndiGo said: "These measured changes are designed to align capacity with current market conditions and demand trends, while ensuring the airline maintains reliability and network integrity across its global destinations."Will IndiGo Restart These Routes?Yes. The airline has confirmed that bookings for all affected routes will reopen from October 1, subject to an improvement in market conditions.IndiGo also stated that it remains prepared to restore services earlier if demand improves and operational conditions become more favourable.Airspace Restrictions Continue To Affect AirlinesApart from rising costs, airlines are also dealing with continuing airspace restrictions that have impacted flight operations and route planning.Several carriers globally have been forced to adjust schedules, reroute aircraft and review international networks due to changing geopolitical and operational challenges.IndiGo said it will continue monitoring the situation closely before making further decisions regarding these routes.IndiGo Retains More Than 1,800 Weekly International FlightsDespite the temporary suspension of six destinations, IndiGo said its international network remains largely intact.The airline continues to operate more than 1,800 international flights every week across its global network.This allows the carrier to maintain strong international connectivity while adjusting capacity where demand is currently weaker.What Does This Mean For Travellers?Passengers planning trips to the affected destinations between July and September may need to consider alternative airlines or adjust their travel plans.However, travellers heading to other international destinations served by IndiGo are unlikely to see any major disruption, as the airline has retained the majority of its overseas operations.The move highlights how airlines are increasingly balancing demand, operating costs and network efficiency as global travel patterns continue to evolve.IndiGo Focuses On Network OptimisationThe temporary suspension reflects a broader trend in the aviation industry, where airlines are becoming more flexible in managing capacity.Rather than operating flights with lower demand, carriers are increasingly redeploying aircraft to stronger-performing routes and adjusting schedules based on market conditions.For IndiGo, the strategy is aimed at protecting profitability while ensuring reliable operations across its growing domestic and international network.Inputs from PTI

Sam Altman 'accepts' clients telling him they spent entire 2026 budget in Q1

OpenAI's CEO Sam Altman revealed businesses are grappling with escalating AI costs, with some customers exhausting annual budgets early. This surge in spending, driven by increased AI adoption and agent usage, is prompting companies to reassess their investments. Altman acknowledges the need for greater efficiency to balance expanding AI use with operational expenses.

Malviya Nagar Hotel Fire: Canada, UAE Express Solidarity With India After 21 Die In Delhi Blaze

Canada and UAE offer condolences after deadly fire at a B&B in Delhi kills 21. During interrogation, the accused told police that he increased number of rooms to grow his business.

UBS downgrades BHEL shares to Neutral from Buy. Check target, key reasons

International brokerage firm UBS downgraded BHEL to "Neutral" from "Buy" rating, while raising its target price to Rs 460 from Rs 375, indicating a potential upside of 13.6%. In today’s session, the stock is up over 1% at Rs 411 on the BSE. UBS believes a significant portion of the company's order book expansion is already behind it and noted that competition has intensified over the last three years, with rivals such as L&T and Thermax displaying a stronger appetite for new orders. The brokerage said the stock's risk-reward profile has become more balanced after BHEL outperformed the Nifty by nearly 60% over the past 12 months. Despite the downgrade, UBS remains constructive on BHEL's long-term outlook. It expects a steady flow of orders from the thermal power and industrial segments and believes the company's multi-year revenue visibility does not warrant a "Sell" rating.The brokerage continues to hold earnings estimates above the Street's expectations and has raised its FY27 and FY28 earnings forecasts by 1-3%. It has also increased its valuation multiple to 28x from 25x, factoring in a meaningful ramp-up in execution and an improvement in gross margins. UBS further noted that the order book accumulated during FY23-FY26, when BHEL captured an estimated 75-80% market share, provides strong revenue visibility through FY30.Last month, the PSU company reported a whopping 156% surge in its consolidated net profit to Rs 1,290.50 crore for the January-March quarter of the financial year 2026. Sequentially, net profit saw a sharper rise of nearly 231% from the Rs 390.40 crore reported in the third quarter of the financial year 2026.BHEL’s revenue from operations meanwhile grew 37% YoY to Rs 12,310 crore in Q4 FY26, from Rs 8,993 crore in Q4 FY25. The company’s EBITDA more than doubled to Rs 2,005 crore during the quarter under review, from Rs 990 crore in the year-ago period.For the entire financial year 2026, BHEL saw its net profit surge 200% to Rs 1,600.26 crore, from Rs 533.90 crore in FY25. Revenue, meanwhile, grew 19% YoY to Rs 33,782 crore for the financial year, which ended on March 31, 2026.BHEL shares have risen 38% since the beginning of 2026 and about 50% in the last 1 year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

UK renter right act: Rent can’t be increased w/o…

Punjab Caps Private School Fee Hikes At 5%; Excess Fees Collected In Last 3 Years To Be Refunded

Bhagwant Singh Mann said schools that increased fees beyond the prescribed limit over the last three years would be required to refund the excess amount collected from parents.

The FIFA World Cup transit test

The 2026 FIFA World Cup will be the biggest tournament in soccer history, spread across 16 cities in the United States, Canada and Mexico. For millions of fans, getting to the games may prove almost as challenging as the matches themselves.With airfares climbing, gasoline prices rising and airport security lines stretching patience to the limit, North America's rail and bus operators see the month-long tournament as a rare opportunity: a chance to persuade travelers to swap planes and cars for trains, buses and public transit.For transportation providers, the World Cup is more than a sporting spectacle. It is a high-stakes audition before a global audience."We want you to be able to use our system seamlessly from the minute you decide to come to the World Cup, all the way into the games, and after that to get home," said Conan Cheung, chief operations officer for LA Metro, the public transportation authority serving the Los Angeles region.Los Angeles, which will host eight matches including the U.S. team's opening game, hopes the tournament will help reshape perceptions of a city often synonymous with traffic jams and sprawling freeways.For Cheung, the objective extends beyond impressing foreign visitors. The World Cup is also an opportunity to convince more Angelenos to embrace a public transportation system that has expanded significantly in recent years.That challenge resonates across much of the United States and Canada, where public transit networks are often less extensive than those found in Europe or Asia and where private vehicles remain the preferred mode of transport."Transit providers have an opportunity to provide service to a group of people who do not typically use transit on a day-to-day basis," said Yonah Freemark, a principal research associate at the Washington-based Urban Institute."Many of the World Cup fans coming from the U.S. or Canada do not necessarily use transit services regularly."The impressions those travelers form during the tournament could have lasting consequences."They should be making sure that the services they provide are high quality and not too expensive, because the people who are riding them are going to form an impression of those transit agencies — and there's a chance to really prove that they can provide a good service," Freemark said.Opportunity meets realityYet attracting new riders may prove easier than accommodating them.The World Cup's 104 matches will unfold across four time zones and thousands of miles, placing enormous demands on transportation networks already operating close to capacity.Ground transportation companies are eager to capitalize on soaring airline costs, but many are also wrestling with higher operating expenses of their own, particularly fuel prices.That leaves operators balancing competing priorities: attracting new customers while avoiding disruptions or price increases that could alienate the commuters who rely on them every day.For intercity bus giant FlixBus, the tournament represents a significant growth opportunity.Together with sister brand Greyhound, the company operates one of North America's largest transportation networks and says demand between host cities is already accelerating, with some departures sold out and others filling rapidly.Ahead of the tournament, the company has invested heavily in new buses and technology while placing renewed emphasis on punctuality."What is critical here is every Flix experience needs to be a happy one. That's how we actually grow our business. And this is a great opportunity," said Flix North America CEO Kai Boysan."We will welcome all the new customers and we want them to see what a change we've done and what a great experience they're going to have."Boysan believes buses are well-positioned to benefit from frustrations increasingly associated with air travel."Airports are congested and the costs are rising. And clearly travelers are naturally looking for alternatives. And there we come into effect," he said.The price problemWhile operators hope to lure travelers away from planes, some transit agencies have faced criticism for sharply increasing fares during the tournament.Few examples generated more backlash than New Jersey Transit, whose train service between Manhattan and MetLife Stadium — venue for eight matches including the July 19 final — initially carried a round-trip fare of $150 for a journey that normally costs less than $13.NJ Transit argued that the increase was necessary to cover approximately $48 million in additional costs related to security, crowd management and World Cup operations.Public criticism forced a rethink.The agency subsequently lowered the fare to $98 after securing additional advertising revenue, while shuttle bus prices on the same route were cut to $20 from the originally proposed $80 after organizers arranged additional capacity through local school buses.Boston has also announced higher event-day transportation prices. Round-trip rail tickets between downtown Boston and the stadium hosting seven World Cup matches will cost $80, compared with the usual $20 to $30, while a bus ride will cost $95.The fare hikes have drawn criticism from politicians, including U.S. Senator Chuck Schumer."Charging more than 11 times the normal fare for a train ride is a ripoff, plain and simple. FIFA is making billions from this World Cup," Schumer said after the original New Jersey fare was announced."FIFA should cover the ride, not stick New York fans with the bill."FIFA has countered that high transit costs could encourage fans to seek alternative ways to reach stadiums and noted that comparable international sporting events have generally not required organizers to fund transportation impacts.Different approachesNot every city has opted for higher prices.In Los Angeles, riders heading to World Cup matches will pay standard fares."Our regular fare is $1.75, so people will be able to pay that," said Cheung. "We will honor all of the discounts we have."Philadelphia is going a step further.Fans attending matches in the city will pay just $2.90 to travel to the stadium by train and receive a free ride home, courtesy of tournament sponsor Airbnb.National rail operator Amtrak is also preparing for increased demand as supporters move between host cities throughout the month-long competition."We are fully committed to running a world-class railroad ... and ensuring our infrastructure is ready to accommodate new and returning guests," said W. Kyle Anderson, Amtrak's director of communications.For transportation providers across North America, the World Cup offers a fleeting but valuable chance to showcase what their systems can do.The tournament will crown a world champion on the field. Away from the stadiums, trains, buses and transit networks will be competing in a contest of their own — to convince millions of travelers that public transportation can be fast, reliable and worth returning to long after the final whistle.

Over Rs 57L compensation for man left bedridden after accidents: Why Madras HC stepped in

The Madras High Court significantly increased motor accident compensation for a man left completely unresponsive after two road accidents, from Rs 33 lakh to over Rs 57 lakh. The court invoked suo motu powers, criticizing the victim's advocate for not seeking enhanced compensation. The victim suffered severe spinal injuries in a second accident while being transported after the first.

Malviya Nagar fire LIVE: 21, including foreigners, killed after massive fire at restaurant

Authorities had earlier confirmed 10 deaths, but the toll steadily increased over time. The death count has now risen to 18.

IndiGo shares fall as airline halts Manchester flights amid soaring operational costs

Shares of InterGlobe Aviation, the operator of IndiGo, fell more than 1% to their day's low of Rs 4,425 on the BSE on Wednesday after it suspended flights to and from Manchester from August 31, as prolonged airspace restrictions and rising operational expenses continue to weigh on long-haul services.The airline said the temporary suspension will lead to the return of one of the six Boeing 787-9 Dreamliner aircraft leased from Norse Atlantic Airways, which were brought in to support its long-haul international expansion plans.In a statement issued on Tuesday, IndiGo said ongoing international airspace constraints have significantly increased flight durations, while a difficult cost environment has made operations on the route increasingly challenging. As a result, services between India and Manchester will be paused from August 31, 2026.The carrier had inducted six Boeing 787-9 Dreamliners on damp lease from Norse Atlantic Airways in early 2025 as part of its strategy to accelerate entry into European markets before the arrival of its own Airbus A350 aircraft. The Manchester service was among the first long-haul routes launched under this initiative.According to the airline, a combination of geopolitical tensions in the Middle East, elevated aviation turbine fuel (ATF) prices, severe airspace restrictions and currency volatility pushed operating costs well above original expectations.Abhijit Dasgupta, Senior Vice President for Network Planning and Revenue Management at IndiGo, said the route had received a strong response from passengers despite the operational difficulties."We inducted these wide-body aircraft on a short-term basis to fast-track our connectivity to high-potential long-haul destinations such as Manchester and witnessed very encouraging demand response," Dasgupta said."Unfortunately, longer flying times due to airspace constraints coupled with dramatically escalating costs compelled us to take the decision to temporarily discontinue our India-Manchester services," he added.The airline stressed that the suspension is only temporary and reaffirmed its commitment to growing its long-haul international network. Dasgupta said the positive customer response had strengthened IndiGo's confidence in the long-term viability of the Manchester route and its wider international expansion plans.IndiGo also said affected passengers will be notified in advance and assisted with alternative travel options or refunds, wherever applicable. The airline clarified that all of its other long-haul international services will continue to operate as scheduled.IndiGo Q4 snapshotIndia’s leading airline by market share reported a net loss of Rs 2,536 crore for the fourth quarter of FY26, compared with a net profit of Rs 3,067 crore in the corresponding period last year. Revenue from operations, however, edged up 1% year-on-year to Rs 22,438 crore.The airline said its operational performance during the quarter was affected by disruptions linked to the ongoing conflict in the Middle East. Capacity, measured in available seat kilometres (ASKs), increased 3.4% year-on-year to 43.6 billion. IndiGo shares have fallen 20% in the last six months and about 17% in the last 1 year. Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Karnataka records sharpest fall in spousal violence: What data reveals

Karnataka has witnessed a dramatic 30-percentage-point drop in spousal violence, falling from 44.4% to 14.1% of ever-married women reporting abuse. This significant decline, nearly double that of the second-biggest mover, Assam, positions Karnataka in the middle of the national distribution. Experts attribute this improvement to multiple factors including reduced child marriages and increased women's empowerment.

LPG consumption declined 19% in May, petrol-diesel increased

Consumption of diesel and petrol in May rose 0.8% and 2.8% respectively from the comparable period last year.

Kangana Ranaut backs Ranveer Singh amid FWICE ban over ‘Don 3’ row

Ranveer Singh faces a ban from FWICE and IMPPA following a dispute with producer-director Farhan Akhtar over 'Don 3'. Kangana Ranaut has voiced support for Singh, drawing parallels to her own experiences with industry bans and asserting that increased status often brings adversaries. She believes Singh will overcome these challenges, comparing it to her own successful career despite obstacles.

After warning of entire job category losses, Sam Altman says AI firms are hiring more

OpenAI's Sam Altman now contends that AI adoption correlates with increased hiring, not job losses. He suggests companies blaming layoffs on AI might be underutilizing the technology, calling it a "convenient way" to explain cuts. Altman believes human interaction and expertise remain central, with successful AI integration augmenting, not replacing, workers.