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Bhagwant Mann Hands Over Appointment Letters To 355 Government Employees
Bhagwant Mann said Punjab has witnessed a remarkable transformation in the education sector.
๐ฎ๐ณ ์ธ๋ ยท "WITNESS" ยท ์ด 98๊ฑด
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์ต๊ทผ 7์ผ ๊ธฐ์ค 6,084๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 6,084๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 11.7(์ค๋ ๊ท ํ)์ ๋๋ค.
Bhagwant Mann said Punjab has witnessed a remarkable transformation in the education sector.
MUMBAI: Tata Consultancy Services (TCS) has renewed its lease for nearly 15 lakh sq ft of office space in Chennai in a transaction with rental outgo of around Rs 1,420 crore over its total tenure of 10 years, underscoring the countryโs largest IT services companyโs long-term commitment to one of its key delivery hubs.This ranks among the largest office lease renewals and occupier commitments reported anywhere in India. The transaction assumes significance against the backdrop of growing concerns over the impact of artificial intelligence on employment in the technology sector.Several global and Indian IT companies have highlighted productivity gains from AI-led automation in recent quarters, fuelling debates around potential workforce rationalisation and slower hiring.The lease has been signed for space at Chennai One IT SEZ in Thoraipakkam. The agreement commenced on November 1, and covers a chargeable area of 14.66 lakh sq ft, showed documents accessed through Propstack, a realty data analytics platform.TCS will occupy the first to eighth floors across four towers in Block A (Alpha), along with the first, sixth, seventh, eighth and eleventh floors in Block B (Magnum). The leased premises have a carpet area of 11.29 lakh sq ft.The lease has been signed at a starting rental of Rs 70 per sq ft a month, translating into a monthly rental payment of about Rs 10.26 crore. The agreement carries a tenure of 10 years and is backed by a security deposit of Rs 94.64 crore.The lease agreement provides for a 12% escalation in rentals every three years. Based on the contracted rentals and the escalation structure, the total rental commitment over the 10-year tenure is estimated at approximately Rs 1,420 crore.ETโs email query to TCS remained unanswered until the time of going to press.TCSโ decision to retain and renew this nearly 1.5 million sq ft of office space for a decade signals continued confidence in its long-term operational footprint and workforce presence.Chennai continues to remain one of Indiaโs most important technology markets, housing large campuses of domestic and multinational IT companies. The cityโs established talent pool, relatively lower operating costs and robust office infrastructure have helped it maintain its position as a preferred destination for technology occupiers. The renewal comes at a time when India's office market continues to witness strong demand from technology firms, global capability centres (GCCs), financial services companies and engineering firms, driving sustained leasing activity across key markets.While artificial intelligence is reshaping workforce strategies and operational models, large occupiers continue to retain and expand their real estate footprints in major business hubs. Long-term lease renewals and large-format transactions have remained a key feature of the market, reflecting occupiers' preference for securing high-quality office assets in established micro-markets with access to talent, infrastructure and business ecosystems.
The continued rise in leverage among retail and high-net-worth investors through derivatives and margin trading facilities (MTFs) remains a key concern for the market, S Naren, Executive Director and CIO of ICICI Prudential AMC said at ICICI Securities India Investor Conference 2026.While there has been significant discussion around the sustainability of mutual fund inflows and SIP contributions, Naren believes leverage in the derivatives market poses a much bigger risk than any moderation in mutual fund investments.Also Read | Sensex down over 10K points from Dec peak. Should investors buy the dip, hold positions, or wait on sidelines? "The level of leverage in the derivatives market and the amount of margin trading funding taken from brokers have continued to increase. That is a concern because leverage among retail and HNI investors is rising," he said.According to Naren, even if SIP inflows witness a marginal slowdown, it is unlikely to pose a significant challenge as mutual fund investors are typically long-term participants who invest without leverage. In contrast, derivative traders often operate with borrowed money, increasing risks during periods of market volatility.He noted that margin trading facility exposure is currently at its highest-ever level, highlighting the growing appetite for leveraged market participation.Against this backdrop, Naren sees an interesting contrarian opportunity emerging in segments that have witnessed relentless foreign institutional investor (FII) selling over the last 20 months."If you look for something contrarian today, it would be stocks where FIIs have been persistent sellers over the last 20 months," he said.Among these, private sector banks stand out as one of the most attractive investment opportunities for long-term investors, according to Naren.He believes private banks could emerge as the best-performing sector over the next three years. One key reason is the significant reduction in foreign ownership resulting from sustained FII selling.Also Read | Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed "FIIs used to have nearly 40% of their India portfolios allocated to private banks. Whenever they wanted to reduce exposure to India, private banks became the natural source of liquidity," Naren explained.As a result, FIIs have consistently sold private banking stocks over the last 20 months, creating a valuation opportunity for long-term investors willing to take a contrarian view.Beyond equities, Naren remains optimistic about India's debt markets following recent policy measures aimed at improving foreign investor participation.According to him, two critical factors that influence foreign investment in debt marketsโcurrency stability and taxationโhave both moved decisively in India's favour."In debt, there are two factors: currency and taxation. Both have turned very positive, which significantly improves India's attractiveness," he said.Naren believes these developments improve India's chances of gaining inclusion in global bond indices such as the Bloomberg Global Aggregate Bond Index and have contributed to a highly optimistic mood in the domestic debt market.He pointed out that bond yields have moved well below policy rates in several segments, particularly in three-year corporate bonds, creating attractive investment opportunities.However, Naren cautioned that the global fixed-income environment today is very different from what prevailed during the 2013 taper tantrum period.At that time, interest rates across much of the developed world were close to zero, making India's bond yields highly attractive to international investors. Today, investors can earn meaningful returns even in developed-market government bonds."US 30-year government bonds are yielding around 5%, and even Japanese government bond yields are at levels not seen for decades," he said.As a result, the yield differential between India and developed markets has narrowed significantly compared with 2013.Also Read | Gold and silver ETFs slip up to 8% amid Israel attack and crude oil spike. What should investors do? While India has strengthened its macroeconomic position considerably over the past decade, global investors now have a wider range of attractive fixed-income options available to them.Naren also highlighted the relatively small size of foreign portfolio investor exposure to Indian debt compared with equities.According to him, FPI debt investments remain only a fraction of FPI equity allocations. In contrast, foreign investors had built substantial equity positions in India during a period when domestic valuations traded at significant premiums to other emerging markets.He noted that Indian equities became exceptionally expensive after 2023 as domestic investors increasingly channelled savings into equities rather than debt."Valuations in India reached levels that were several times higher than markets like China. In such an environment, FIIs logically chose to reduce equity exposure," he said.At the same time, India has historically adopted a cautious approach towards opening its debt markets to foreign investors.Naren believes this measured approach has helped preserve financial stability while gradually increasing foreign participation in government securities.With improving debt market fundamentals, supportive policy measures, and attractive opportunities emerging in sectors overlooked by foreign investors, Naren sees both fixed income and select equity segments offering compelling opportunities for long-term investors.Commenting on the recent correction in Kospi, Naren said that it is a healthy correction but even now I don't think on market cap terms it is cheap.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
Allahabad High Court noted that the victimโs statements remained completely unwavering and were fully corroborated by medical and forensic evidence, and thus she qualifies as a โsterling witnessโ
The incoming storm is expected to interact with Earth's magnetic field, potentially creating vivid auroras in high-latitude regions.
According to the daughter's complaint, she witnessed her father slap her mother before Prashant stepped in to intervene.
A bench of Justices Manoj Misra and Manmohan observed that modern society increasingly witnesses consensual relationships between unmarried adults
An unprecedented concentration crisis in global technology equities has evolved into a structural trap for investors, triggering a violent "Black Monday" unwind that is reverberating across Asian emerging markets, such as Korea and Taiwan. Active portfolio managers are increasingly being forced to dump their best-performing chip heavyweights because these explosive stocks have grown too large for risk compliance limits.This structural anomaly has distorted regional benchmarks, accelerated a massive migration from active to passive funds, and triggered a historic correction.The structural breakdown manifested in extreme volatility across the region's tech hubs. South Koreaโs Kospi index plunged more than 8% shortly after the market opened, triggering a mandatory 20-minute trading halt before narrowing its drop as memory giants Samsung Electronics and SK Hynix rebounded from their session lows.Also Read | Kospi crashes 9%, trading halted for 20 minutes, as chip rout deepens; Samsung, SK Hynix worst hitThe Cycle of Forced SellingThe core of the market distortion lies in a mechanical paradox: As tech giants outperform, active funds are legally or structurally required to trim their holdings to manage concentration risks. Just three mega-cap tech firmsโTaiwan Semiconductor Manufacturing Co. (TSMC), Samsung, and SK Hynixโnow command nearly a third of the MSCI Asia Pacific ex-Japan Index.The concentration is even more extreme on a national level. TSMC occupies a staggering 41.5% of Taiwan's TAIEX, while Samsung and SK Hynix together comprise 55% of South Korea's KOSPI."We have been forced sellers of TSMC, Samsung and MediaTek," Sam Konrad, investment manager for Asia Equity Income at Jupiter Asset Management, was quoted as saying by Bloomberg. His fund must shed these chipmaking stocks despite explosive year-to-date gains of 52% for TSMC, 159% for Samsung, and 184% for MediaTek.This mechanism creates an institutional dilemma where strong performance mandates divestment, artificially capping the upside for active portfolios trying to beat their benchmarks."As equities continue to outperform, funds will find it increasingly difficult to add exposure, reinforcing a cycle of forced selling and enlarging underweight positions even amid strong fundamentals," Herald Van der Linde, head of equity strategy for Asia Pacific at HSBC in Hong Kong, noted in a research report. HSBC data confirms that TSMC has become the largest portfolio underweight among Asian and global emerging-market funds.Emerging Market Exhaustion and Fund OutflowsData from Elara Securities India confirms that the Global Emerging Market (GEM) trade is experiencing its first major phase of sustained exhaustion since its rally began. GEM fund redemptions expanded to $3 billion, the largest outflow since December 2021, marking a clear breakdown in momentum.The capital flight has extended significantly beyond Korea and Taiwan to hit other major emerging markets. China saw foreign investors pull $3.7 billion, the largest single-week redemption in over a year, while South Korea logged six consecutive weeks of foreign outflows, compounded by a record $27.9 billion foreign portfolio rebalancing outflow.The systemic nature of the unwind is visible in the broader indices. Goldman Sachs data reveals that while the MSCI Asia Pacific ex-Japan index is up 27% year-to-date, it is actually down 4% when South Korea and Taiwan are excluded.This regional distortion has accelerated a massive, unprecedented migration from active stock-picking to passive indexing. Over the last five years, Asia's active funds have suffered $269 billion of cumulative outflows. Meanwhile, passive funds have accumulated $510 billion, with a quarter of that volume arriving in just the last six months."The size of recent inflows into the regionโs passive funds... has no precedent across the last 10 years," said William Bratton, head of cash equity research for Asia-Pacific at BNP Paribas Securities.This phenomenon mirrors the โMagnificent Sevenโ dynamic on Wall Street, where tech giants account for about a third of the S&P 500. However, concentration in Asia has unfolded at a faster and more extreme pace, turning regional indices into concentrated bets on just one or two stocks and undermining the diversification benefits of benchmark investing.Broader Trade ImplicationsThe shockwaves from the AI tech unwinding are bleeding directly into structural commodities and the wider electrification ecosystem. Precious metal funds witnessed $2.8 billion of outflows, driven heavily by gold (-$2.1 billion) and silver (-$910 million, a 12-week high redemption), while energy funds recorded their second consecutive week of outflows. These asset classes had operated as indirect beneficiaries of the global AI infrastructure and electrification trade.Furthermore, Wall Street's nine-week winning streak concluded abruptly following a hot jobs report that ignited fears of a hawkish policy pivot by the US Federal Reserve, sending technology stocks into their largest one-day decline.Despite the steep selloffs, which saw South Korean equities slide 12% and Taiwan fall 6% from their record highs, market opinions remain starkly divided on whether this correction marks a peak or a buying opportunity.Some money managers are exploiting the correction to pivot to alternatives further down the supply chain, like mid-sized semiconductor equipment makers, or shifting money toward cheaper domestic themes like robotics. China's CSI Robot Index actually bucked the broader market declines, rising 1.4%.
Shares of Tata Steel fell 2% to Rs 202 on the BSE on Monday amid reports that it may have to push back the commissioning timeline of its 1.25-billion-pound low-carbon steel project in the UK by six to eight months due to delays in obtaining access to the required electricity infrastructure.The company is building a 3.2 million-tonne electric arc furnace (EAF) at Port Talbot as part of its decarbonisation strategy. The project, which involves an investment of 1.25 billion pounds, is intended to replace the site's blast furnace operations of similar capacity that have now been shut down.Before the latest setback, Tata Steel had been targeting the start of operations by late 2027 or early 2028. However, delays linked to the power connection process have created uncertainty around that timeline, a news report by PTI stated. Koushik Chatterjee, Executive Director and Chief Financial Officer of Tata Steel, said the company has been working with the Electricity System Operator (ESO) and National Grid on the new electrical infrastructure. However, National Grid has formally informed Tata Steel that its connectivity project is running behind schedule.According to Chatterjee, National Grid has flagged potential delays compared with the originally planned date for the high-voltage power connection. He said Tata Steel is engaging with all stakeholders, including the UK government, to minimise the impact and establish revised timelines, the report added. The company said major demolition work at the Port Talbot site has already been completed, while fabrication and delivery of equipment continue to progress. Access to higher-capacity electricity remains a critical requirement for the transition to electric arc furnace-based steelmaking.The project has secured 500 million pounds of support from the UK government and is expected to cut site-level carbon dioxide emissions by 90%, equivalent to around 5 million tonnes annually. Separately, the Port Talbot project site witnessed a fire incident on June 3. Tata Steel UK said on Thursday that all personnel were safely evacuated and accounted for, with no injuries reported. Chatterjee said Tata Steel is continuing discussions with National Grid and the UK government to address the issue and explore ways to reduce the delay."We are working with the UK government, the National Grid and ESO, which is the electricity supplier, to see if we can mitigate it, but somewhere between six months to eight months will certainly be there, maybe higher, after we have built the plant," he said while responding to a question on potential delays in commissioning the facility.He added that the company is evaluating options to shorten the delay but acknowledged that some slippage in timelines now appears unavoidable. "We are actively working to see if we can reduce it further, but there will be some imminent delays," Chatterjee said, without providing additional details.In May 2024, Tata Steel signed a connection offer agreement with the Electricity System Operator. Under the arrangement, National Grid is responsible for building the electrical infrastructure required to power the 3.2 million-tonne electric arc furnace by the end of 2027.According to information shared by Tata Steel, the National Energy System Operator (NESO) is a public body that oversees the connection process, including the connection contract with Tata Steel UK, and manages electricity grid operations across the UK.National Grid Electricity Transmission (NGET), meanwhile, is the private company responsible for constructing, owning and maintaining the connection infrastructure.Tata Steel Group is among the world's leading steelmakers, with an annual crude steel production capacity of 35 million tonnes. The company also ranks among the most geographically diversified steel producers globally.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
DUBAI: Israel launched airstrikes early Monday targeting central and western Iran in response to missile fire from Tehran, attacks that threatened to drag the wider Middle East back into a regional war.Iranian state television reported the sound of explosions being heard in Isfahan, Karaj, Tabriz and Tehran, without immediately elaborating. A witness in Tehran described hearing at least one large blast somewhere to the west of the country's capital city. Iran closed the airspace around Tehran's Imam Khomeini International Airport, the country's main airfield, after the Israeli attack.Iranian officials offered no details on what had been struck, nor any damage information. Iran's paramilitary Revolutionary Guard said that Israel used air-launched ballistic missiles in its attack Monday morning, without elaborating.The Israeli military at dawn in Iran issued a short statement as the strikes started: "A short while ago, the Israeli Air Force struck military targets belonging to the Iranian terror regime in western and central Iran." It did not elaborate.Also read | Iran launches missiles at Israel for first time since Mideast truceThe White House did not respond to messages about the strikes and whether they were done in coordination with the U.S.For days, negotiations between Iran and the United States over the fragile ceasefire in the war had been stalled by the fighting between Israel and the Lebanese Shiite militia Hezbollah. Israel now occupies southern Lebanon and had moved into areas of the country it hadn't held in a quarter century - leading to fears about them further widening their campaign.On Sunday, Israel launched airstrikes in Beirut's southern suburbs. Iran retaliated with its own strike on Israel, which led to Monday morning's attack by Israel on Iran.U.S. President Donald Trump earlier told a Fox News Channel reporter that he wanted the Iranians to stop firing missiles and return to the negotiating table. He also said that Israel's strikes in Lebanon earlier Sunday were not coordinated with the U.S. and "I'm not happy about it."Also read | War, debt and cuts: The price of Israel's security pushA senior U.S. official said Trump had called Netanyahu to urge him not to retaliate immediately for the Iranian missile attack. The official, who spoke on condition of anonymity to describe a private phone call, said that Trump believed he had convinced Netanyahu to wait.Trump "got Bibi to hold off for the time being," the official said. The official would not offer any other details of the call, and there was no immediate comment from Netanyahu's office.
MANILA: Tsunami warnings were โissued after an earthquake of magnitude 7.8 struck โoff Mindanao in the southern Philippines on Monday, the German Research Centre for Geosciences said.The quake struck at a depth of 10 โkm (6.2 miles), โ GFZ โ said. The geophysics agencies of the Philippines and neighbouring Indonesia issued tsunami โwarnings. There were no immediate reports of major damage in either โcountry.GFZ had earlier pegged the earthquake at 8.2. The U.S. Tsunami Warning System issued a tsunami threat to โthe earthquake.Phivolcs, the Philippine agency, said the โ quake was magnitude โ7.0 and warned of damage โand tsunami โwaves above one metre (yard), which could continue for โ several hours.Also read | Trump says he would not unfreeze Iran's assets ahead before deal is doneIndonesia's BMKG put the quake at โa 7.7 magnitude.Benjie Ancheta, police chief of โAlabel town in Sarangani in the Philippines, said the police building had some cracks immediately after the quake, which occurred during their flag-raising ceremony.Ancheta said there were no immediate reports of casualties, but some people fainted โfollowing the strong tremor."This is the strongest earthquake we've experienced," Ancheta told Reuters by phone.Also read | Obama casts a long shadow as a hefty Iran bill lands on Trumpโs deskWitnesses โin Indonesia's โnorthern city โ of Manado said the quake felt very strong.The Philippines and Indonesia are tectonically complex parts of the "Pacific Ring of Fire", โa seismically active belt stretching from South America to the Russian Far East.
The countdown to the FIFA World Cup 2026 has begun, and football fans around the world are preparing for what promises to be the largest edition of the tournament ever staged. For the first time in the competition's history, three nationsโthe United States, Canada and Mexicoโwill jointly host the World Cup, bringing the sport's biggest event to North America on an unprecedented scale.The tournament, scheduled to run from June 11 to July 19, 2026 (June 12 to July 20 as per Indian time), will feature 48 teams, an expansion from the traditional 32-team format. With 104 matches spread across 16 host cities, the World Cup is expected to attract millions of spectators and generate a festival atmosphere across the continent.From iconic football grounds steeped in history to ultra-modern arenas equipped with cutting-edge technology, the host venues reflect the diversity and ambition of FIFA's vision for the 2026 tournament.FIFA World Cup 2026 Host Cities and StadiumsThe FIFA World Cup 2026 is set to make history as the biggest edition of the tournament ever staged. Hosted jointly by the United States, Canada and Mexico, the competition will feature 48 teams competing across 16 host cities and some of North America's most iconic stadiums.From Mexico City's legendary Estadio Azteca to the ultra-modern SoFi Stadium in Los Angeles, each venue brings its own unique story, architecture and football heritage. The tournament will run from June 11 to July 19, 2026, with matches spread across three nations and a diverse range of world-class stadiums.Host CityStadiumCountryCapacityNew York/New JerseyMetLife StadiumUnited States82,500Dallas (Arlington)AT&T StadiumUnited States94,000AtlantaMercedes-Benz StadiumUnited States75,000HoustonNRG StadiumUnited States72,000Kansas CityArrowhead StadiumUnited States73,000Los AngelesSoFi StadiumUnited States70,000MiamiHard Rock StadiumUnited States65,000PhiladelphiaLincoln Financial FieldUnited States69,000SeattleLumen FieldUnited States69,000BostonGillette StadiumUnited States65,000San Francisco Bay AreaLevi's StadiumUnited States71,000TorontoBMO FieldCanada45,000VancouverBC PlaceCanada54,000Mexico CityEstadio AztecaMexico83,000GuadalajaraEstadio AkronMexico48,000MonterreyEstadio BBVAMexico53,500FIFA Canada VenuesCanada will host matches in Toronto and Vancouver, with both cities playing a key role in the expanded tournament.Toronto โ BMO Field (Capacity: 45,000)BMO Field is one of the few purpose-built soccer stadiums among the World Cup venues. Opened in 2007, it previously hosted matches during the FIFA Under-20 World Cup and is home to Toronto FC in Major League Soccer.The stadium will stage six matches, including Canada's opening game against Bosnia-Herzegovina on June 12, along with a Round of 32 fixture.Vancouver โ BC Place (Capacity: 54,000)Located on Vancouver's waterfront, BC Place is widely regarded as one of the most scenic venues in the tournament. Opened in 1983, the stadium is home to the Vancouver Whitecaps and the BC Lions.The venue also played a major role during the 2015 FIFA Women's World Cup, hosting the final where the United States defeated Japan. BC Place will host seven matches, including two knockout-round encounters.FIFA Mexico VenuesMexico will host games in three cities, each boasting a rich football culture and passionate fan base.Mexico City โ Estadio Azteca (Capacity: 83,000)Few stadiums can match the legacy of Estadio Azteca. Opened in 1966, it hosted the World Cup finals of 1970 and 1986 and witnessed unforgettable moments from legends such as Pele and Diego Maradona.In 2026, the stadium will become the first venue in history to host matches in three different FIFA World Cups. It will also stage the tournament opener on June 11 when Mexico takes on South Africa.Guadalajara โ Estadio Akron (Capacity: 48,000)Recognized for its distinctive volcano-inspired design, Estadio Akron is among the most visually striking stadiums selected for the tournament.Since opening in 2010, the venue has hosted major events including the Copa Libertadores final and the Pan American Games ceremonies. Four group-stage matches will be played here, including Spain's clash against Uruguay.Monterrey โ Estadio BBVA (Capacity: 53,500)Nicknamed "El Gigante de Acero" or "The Steel Giant," Estadio BBVA combines modern architecture with breathtaking mountain views.The stadium, which opened in 2015, is regarded as one of Mexico's finest football venues and will host four matches during the World Cup.FIFA United States VenuesThe United States will host matches in 11 cities, featuring some of the largest and most technologically advanced stadiums in the world.Dallas โ AT&T Stadium (Capacity: 94,000)The largest venue of the tournament, AT&T Stadium in Arlington, Texas, can accommodate around 94,000 spectators. Home to the Dallas Cowboys, the stadium has previously hosted Super Bowls, major boxing events and international football matches.It will stage nine World Cup games, including a semi-final.New York/New Jersey โ MetLife Stadium (Capacity: 82,500)MetLife Stadium will be the centerpiece of the tournament, hosting eight matches, including a semi-final and the FIFA World Cup 2026 final on July 19.Home to the New York Giants and New York Jets, the venue has previously welcomed major football events such as the Copa America Centenario final and the Club World Cup final.Atlanta โ Mercedes-Benz Stadium (Capacity: 75,000)Known for its retractable roof and massive 360-degree video display, Mercedes-Benz Stadium is considered one of the world's most advanced sports venues.The stadium will host eight matches, including one of the two semi-finals.Los Angeles โ SoFi Stadium (Capacity: 70,000)Often described as one of the most expensive stadiums ever built, SoFi Stadium reportedly cost around $6 billion. Home to the Los Angeles Rams and Chargers, it will host eight matches, including the first World Cup game played on U.S. soil.Other Key U.S. VenuesSeveral other American stadiums will play important roles during the tournament:Gillette Stadium, Boston (65,000): Seven matches, including a quarter-final.NRG Stadium, Houston (72,000): Features a retractable roof and steep spectator stands.Arrowhead Stadium, Kansas City (73,000): Famous as one of the loudest sports venues in the world.Hard Rock Stadium, Miami (65,000): Hosts seven matches and has extensive experience staging major football events.Lincoln Financial Field, Philadelphia (69,000): Hosts six matches, including a fixture on U.S. Independence Day celebrations.Levi's Stadium, Santa Clara (71,000): Home of the San Francisco 49ers and a frequent host of major international sporting events.Lumen Field, Seattle (69,000): Renowned for passionate crowds and will host six matches, including knockout-round fixtures.A Tournament of Historic ScaleWith 16 host cities, 48 participating nations and a record number of matches, FIFA World Cup 2026 promises to be unlike any previous edition. The combination of historic venues such as Estadio Azteca and modern architectural marvels like SoFi Stadium and Mercedes-Benz Stadium highlights the blend of tradition and innovation that will define the tournament.As preparations continue across North America, football fans can look forward to a month-long celebration of the world's most popular sport in some of the most spectacular stadiums ever assembled for a FIFA World Cup.
Reddy said the need for HYDRAA, which employs thousands of retired Army officers, arose after he witnessed widespread encroachments of lakes and water bodies.
The combined market valuation of seven of the country's top-10 most valued companies declined by Rs 1.25 lakh crore last week.During the same period, the Sensex fell 532.4 points, or 0.71 per cent, while the Nifty slipped 181.05 points, or 0.76 per cent.Among the major laggards, Reliance Industries Limited saw the sharpest erosion, with its market capitalisation falling by Rs 39,718 crore to Rs 17,47,321.40 crore.The stock continued to remain the most valued listed company in the country despite the decline.Tata Consultancy Services also witnessed a significant drop in valuation, losing Rs 20,134.66 crore to settle at Rs 7,95,346.09 crore.Similarly, Bharti Airtel saw its market capitalisation decline by Rs 18,736.04 crore, bringing it down to Rs 10,96,150.49 crore.Infrastructure major Larsen & Toubro also faced pressure, with its valuation slipping Rs 16,880.2 crore to Rs 5,43,956.44 crore.Insurance giant Life Insurance Corporation of India lost Rs 14,610.74 crore, taking its market value down to Rs 5,05,873.32 crore.In the financial sector, Bajaj Finance saw a decline of Rs 9,681.36 crore, while Hindustan Unilever Limited lost Rs 5,909.23 crore in market capitalisation over the week.However, a few large-cap banking stocks provided some support to the market. State Bank of India gained Rs 12,692.09 crore in valuation, rising to Rs 9,02,523.63 crore.ICICI Bank added Rs 4,484.86 crore to its market capitalisation, while HDFC Bank climbed Rs 4,101.47 crore, taking its valuation to Rs 11,50,743.31 crore.Despite the mixed performance, Reliance Industries retained its position as the most valued domestic company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever among the top-10 firms by market capitalisation.
Indian benchmark indices witnessed a volatile session on Friday, June 5 and closed marginally lower as investors reacted to the RBI monetary policy outcome and continued FII selling. The central bank kept the repo rate unchanged at 5.25% and maintained its neutral policy stance, while raising its inflation forecast and lowering GDP growth projections, which kept market sentiment cautious throughout the session.Here's how analysts read the market pulse:"While the broader index trend remains weak, mixed performance among heavyweight stocks is limiting the pace of decline. In this backdrop, we maintain a cautious stance and prefer a sell-on-rise approach until the Nifty decisively reclaims the 23,700 level. At the same time, traders should focus on stock-specific opportunities across sectors and maintain balanced positions with disciplined overnight risk management," said Ajit Mishra, SVP โ Research, Religare Broking.US marketsThe US stock market had its worst day since October on Friday as a sell-off in big technology companies weighed on the broader market and a strong jobs report boosted expectations that the Federal Reserve may be forced to hike interest rates at some point this year.The S&P 500 sank 2.6%, its biggest one-day drop since October 10, when the Trump administration threatened to impose a 100% tariff on imported goods from China. The losses pushed the benchmark index to its first losing week in the last 10. The Dow Jones Industrial Average fell 1.4%, while the Nasdaq Composite slumped 4.2%.European marketsEuropean shares ended the week lower, as uncertainty over Middle East peace efforts kept investors on edge and technology stocks paused after a blistering two-month rally.The pan-European STOXX 600 index fell 0.3% to 622.66 points and lost 0.5% for the week. Hopes for a breakthrough between the US and Iran appeared limited after the two countries exchanged strikes earlier in the week, while a US-brokered Israel-Lebanon ceasefire also looked fragile after Hezbollah rejected the pact. The resulting spike in energy costs has complicated the inflation outlook. Data this week showed euro zone inflation accelerated in May, prompting markets to price in a 25-basis-point interest rate hike from the European Central Bank.Tech ViewGoing ahead, the index is likely to consolidate in the 23,000-23,550 range in the coming week. Only a move above Tuesdayโs high of 23,556 will open the upside towards the 23,750โ23,800 resistance zone in the coming sessions.Most active stocks in terms of turnoverBSE (Rs 2,633 crore), ZEE (Rs 2,547 crore), RIL (Rs 2,303 crore), SBI (Rs 2,057 crore), Adani Enterprises (Rs 2,057 crore), HDFC Bank (Rs 1,660 crore) and Himadri Speciality (Rs 1,625 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify stocks with the highest trading turnover during the day.Most active stocks in volume termsVodafone Idea (traded shares: 68.55 crore), Ola Electric (23.26 crore), ZEE (23.02 crore), YES Bank (14.9 crore), JP Power (9.09 crore shares) and Suzlon (7.28 crore shares) were among the most actively traded stocks in volume terms on BSE.Stocks showing buying interestZEE, Adani Green, Himadri Speciality, Jyoti CNC, Schneider, Kirloskar Bros and Saregama India were among the stocks that witnessed strong buying interest.52-week highsAmong the stocks that hit their 52-week highs were Himadri Speciality, Acme Solar, Adani Enterprises, Sai Life Science, Laurus Labs and Federal Bank.Stocks seeing selling pressureStocks that witnessed significant selling pressure included Wockhardt, Hindustan Zinc, Netweb Tech, HFCL, Nalco, Tejas and BSE.Sentiment meter favours bullsOut of the 4,399 stocks traded on the BSE on Friday, June 5, 1,993 advanced, 2,212 declined and 194 remained unchanged.
State is likely to witness active monsoon conditions for three more days with heavy to very heavy rains forecast in central and northern districts
Ram Charan's 'Peddi' experienced a significant box office drop on its second day, collecting Rs 26.90 crore net, a 47.3% decrease from its opening. Despite this, the film has amassed Rs 96.40 crore net domestically and Rs 150.49 crore worldwide. The Telugu market continues to be its strongest performer, with impressive occupancy rates.
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)
โI called Bajaj at 8:52am and spoke for 26 seconds. I told him the fire was massive. He said he knew. I asked him to come and then hung up,โ
Mumbai: Global investors continued to pare equity stake in the financial services sector in the second half of May, however the pace of selling came off.Foreign portfolio investors (FPI) sold shares worth โน5,181 crore from the sector in the period, significantly lower than the outflow of โน17,000 crore in first half of the month, according to the data from NSDL. Between January and March, global investors pulled out shares worth over โน60,000 crore from the sector."Banking stocks offered foreign investors an easy exit from India by virtue of being highly liquid," said U R Bhat, co-founder & director, Alphaniti. "Despite the sell-off, the sector has fared well, barring a few specific exceptions. Now investors are reducing exposure in other sectors."Bank Nifty fell 1% over the past one month compared with a 2.9% drop in the benchmark Nifty 50."Global investors toned down the selling in the banking and financial services sector and bought selectively- mostly smaller banks instead of the large caps which is why the pace of outflows moderated," said Sonam Srivastava, founder and CEO, Wright Research. Overseas investors sold shares worth โน14,621 crore across 13 sectors in the second half of May, after withdrawing โน38,443 crore across 19 sectors in the first half of the month.131518952FPIs have continued the selling spree in the current calendar year, offloading equities worth โน2.6 lakh crore up till June 03. This exceeds their outflow of โน1.7 lakh crore in the whole of 2025. A sustained selling pressure has intensified this year due to AI disruption and inflationary pressure on account of elevated oil prices given the US-Iran war. In addition, the net outflow of โน1.3 lakh crore in FY27 so far exceeds the net investment of โน84,132 crore by FPIs since FY17. The cumulative net foreign investment in Indian equities dropped to the lowest level in 12 years to โน7.1 lakh crore in FY27.In the second half of May, automobiles and oil and gas sectors reported worth over โน2,000 crore. On May 29, The MSCI rebalancing led to outflows worth โน8,000-8,500 crore which also factored in the outflows for this fortnight. "Changes in the MSCI Index shifts the composition of not just index funds that mimic the index but also weighs on decisions of other funds,who largely use MSCI indices as benchmarks" said Bhat.Among sectors that reported net inflows in the second half of May, metals attracted nearly 60% of the inflows -the highest foreign inflows worth โน4,999 crore for the period. The sector witnessed inflows worth over โน6,500 crore in May.