Here are the top 11 news stories across business, global events, tech, and more.
#LatestNews⚡
Naidu's big comeback could be a real estate boon for both Telugu states, but especially for Hyderabad
Hyderabad's real estate market has surged, with property values rising by 45% from 2021 to 2024. N Chandrababu Naidu's return as Andhra Pradesh's Chief Minister may become a double-edged sword — either further boosting infrastructure and business or weaning investors away towards AP. Experts, however, feel Hyderabad's market dynamics and development prospects will not be affected much.
As the political dynamics shift at the Centre, N Chandrababu Naidu, the Chief Minister-designate of Andhra Pradesh, has expressed his views on shifting the state capital to Amaravati, a project close to his heart since 2014. Naidu has a history of impressive infrastructural development — he made Hyderabad what it is today. So, does the 430-odd-year-old city have cause for concern? Not so much, say experts.
Read here
Naidu swearing in ceremony live updates: TDP chief takes oath as CM for fourth time, hugs PM Modi
When will Finance Minister Nirmala Sitharaman present the next budget?
The third term of the Modi government has begun. With the chaos surrounding election results behind us, the big question now in the markets is when Finance Minister Nirmala Sitharaman will present the next budget.
Sources tell CNBC Awaaz that the government is considering two options.
The first option is to start the budget session of Parliament from June 24 to July 3 (the first session) and July 22 to August 9 (the second session), with a break in between. If the government chooses this schedule, Sitharaman may deliver the budget speech on July 22.
Read here
WHO confirms human case of bird flu in India, second since 2019
The World Health Organization (WHO) said a case of human infection with bird flu caused by the H9N2 virus was detected in a four-year-old child in West Bengal.
The patient was admitted to the pediatric intensive care unit (ICU) of a local hospital due to persistent severe respiratory issues, high fever and abdominal cramps in February, and was discharged three months later after diagnosis and treatment, the WHO said. The patient had exposure to poultry at home and in his surroundings, and there were no known person reporting symptoms of respiratory illness among his family and other contacts, the agency said.
Read here
#TechTalks📱
Morgan Stanley plans to bring AI tools to rich Australia clients
Morgan Stanley plans to use artificial intelligence capabilities to manage rich people’s portfolios in Australia as the Wall Street bank rolls out more software in the country that’s used in other parts of the world.
“Other regions are a little bit more established, it’s a real opportunity for us to bring some of the leading ideas we have and we’ve learned from overseas markets to Australia,” Morgan Stanley’s head of wealth management for Australia Rebecca Hill said in an interview with Bloomberg TV on Wednesday in Sydney.
Read here
HCLTech and Olympus expand partnership for advanced and affordable healthcare
HCLTech on Wednesday, June 12, said it will establish a dedicated product innovation centre in Hyderabad to serve global medtech firm Olympus' operations across US, Europe, Middle East and Africa.
It is expected to begin operating from July 2024.HCLTech and Olympus have expanded their partnership to enable advanced and affordable healthcare for patients through cutting-edge engineering technologies, the company said.
The two companies share a decade-long partnership in engineering and R&D, spanning product engineering, software engineering, product sustenance, risk and regulatory services.
Read here
#ExpertEdge💡
Resurgence of Regional Parties | What favoured Samajwadi Party to emerge as third largest party in Parliament
The 2024 general elections proved the age old adage that politics is the art of the possible. This is best reflected in Uttar Pradesh, a state which sends a 80 MPs — the highest number among all states. This time, its people preferred to elect 37 MPS from the Samajwadi Party (SP) to the 18th Lok Sabha.
Founded three decades ago by socialist leader Mulayam Singh Yadav, the political fortunes of the party swung this year. From a mere five MPs in the previous House, the SP emerged as the third largest party after the BJP and the Congress.
Read here
Five lessons from the 2024 election results
The Bharatiya Janata Party (BJP), the largest party in the Lok Sabha, has formed the government, albeit with allies. But their supporters do not feel victorious, at least for the moment.
The sense of deflation is because the BJP's narrative for the last six months has been that the party will win an overwhelming majority. 'Ab ki baar, 400 paar' was their rallying cry.
This was the single narrative mainstreamed on both traditional and social media. It's an inversion of the anchoring effect that Steve Jobs employed in his presentations: once you've thought about the high figure, the lower one feels worse.
Read here
#PersonalFinance💰
Planning early retirement? Check key strategies and investment calculations
In India, the traditional retirement age is around 60, but with rising aspirations and financial literacy, many aim to retire much earlier.
Though that may sound like a lofty goal, but with strategic planning and disciplined investing, it's entirely achievable. By adopting a proactive approach to your finances and investments, you can pave the way for financial independence and early retirement.
Here's a comprehensive guide on how to invest if you aim to retire early
Zerodha investors bag ₹50,000-crore profits over 4 years, unrealised gains at ₹1 lakh crore: Nithin Kamath
Brokerage firm Zerodha's Co-Founder Nithin Kamath on Tuesday (June 11) said investors using their platform have realised a profit of ₹50,000 crore over the last 4+ years."They are sitting on unrealised profits of ₹1 lakh crore against an asset under management (AUM) of ₹4,50,000 crore" he said on platform x.
Realised profits refer to gains made by investors through the sale of securities at prices higher than their purchase prices.On the other hand, unrealised profits represent the increase in the value of securities that investors hold but have not yet sold.
Read here
Beyond #Newsroom 📰
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go!- CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market- Real-time market updates
We'll see you tomorrow with another engaging '11:11'
#LatestNews⚡
Naidu's big comeback could be a real estate boon for both Telugu states, but especially for Hyderabad
Hyderabad's real estate market has surged, with property values rising by 45% from 2021 to 2024. N Chandrababu Naidu's return as Andhra Pradesh's Chief Minister may become a double-edged sword — either further boosting infrastructure and business or weaning investors away towards AP. Experts, however, feel Hyderabad's market dynamics and development prospects will not be affected much.
As the political dynamics shift at the Centre, N Chandrababu Naidu, the Chief Minister-designate of Andhra Pradesh, has expressed his views on shifting the state capital to Amaravati, a project close to his heart since 2014. Naidu has a history of impressive infrastructural development — he made Hyderabad what it is today. So, does the 430-odd-year-old city have cause for concern? Not so much, say experts.
Read here
Naidu swearing in ceremony live updates: TDP chief takes oath as CM for fourth time, hugs PM Modi
When will Finance Minister Nirmala Sitharaman present the next budget?
The third term of the Modi government has begun. With the chaos surrounding election results behind us, the big question now in the markets is when Finance Minister Nirmala Sitharaman will present the next budget.
Sources tell CNBC Awaaz that the government is considering two options.
The first option is to start the budget session of Parliament from June 24 to July 3 (the first session) and July 22 to August 9 (the second session), with a break in between. If the government chooses this schedule, Sitharaman may deliver the budget speech on July 22.
Read here
WHO confirms human case of bird flu in India, second since 2019
The World Health Organization (WHO) said a case of human infection with bird flu caused by the H9N2 virus was detected in a four-year-old child in West Bengal.
The patient was admitted to the pediatric intensive care unit (ICU) of a local hospital due to persistent severe respiratory issues, high fever and abdominal cramps in February, and was discharged three months later after diagnosis and treatment, the WHO said. The patient had exposure to poultry at home and in his surroundings, and there were no known person reporting symptoms of respiratory illness among his family and other contacts, the agency said.
Read here
#TechTalks📱
Morgan Stanley plans to bring AI tools to rich Australia clients
Morgan Stanley plans to use artificial intelligence capabilities to manage rich people’s portfolios in Australia as the Wall Street bank rolls out more software in the country that’s used in other parts of the world.
“Other regions are a little bit more established, it’s a real opportunity for us to bring some of the leading ideas we have and we’ve learned from overseas markets to Australia,” Morgan Stanley’s head of wealth management for Australia Rebecca Hill said in an interview with Bloomberg TV on Wednesday in Sydney.
Read here
HCLTech and Olympus expand partnership for advanced and affordable healthcare
HCLTech on Wednesday, June 12, said it will establish a dedicated product innovation centre in Hyderabad to serve global medtech firm Olympus' operations across US, Europe, Middle East and Africa.
It is expected to begin operating from July 2024.HCLTech and Olympus have expanded their partnership to enable advanced and affordable healthcare for patients through cutting-edge engineering technologies, the company said.
The two companies share a decade-long partnership in engineering and R&D, spanning product engineering, software engineering, product sustenance, risk and regulatory services.
Read here
#DailyData📈
India's Food Budget
#ExpertEdge💡
Resurgence of Regional Parties | What favoured Samajwadi Party to emerge as third largest party in Parliament
The 2024 general elections proved the age old adage that politics is the art of the possible. This is best reflected in Uttar Pradesh, a state which sends a 80 MPs — the highest number among all states. This time, its people preferred to elect 37 MPS from the Samajwadi Party (SP) to the 18th Lok Sabha.
Founded three decades ago by socialist leader Mulayam Singh Yadav, the political fortunes of the party swung this year. From a mere five MPs in the previous House, the SP emerged as the third largest party after the BJP and the Congress.
Read here
Five lessons from the 2024 election results
The Bharatiya Janata Party (BJP), the largest party in the Lok Sabha, has formed the government, albeit with allies. But their supporters do not feel victorious, at least for the moment.
The sense of deflation is because the BJP's narrative for the last six months has been that the party will win an overwhelming majority. 'Ab ki baar, 400 paar' was their rallying cry.
This was the single narrative mainstreamed on both traditional and social media. It's an inversion of the anchoring effect that Steve Jobs employed in his presentations: once you've thought about the high figure, the lower one feels worse.
Read here
#PersonalFinance💰
Planning early retirement? Check key strategies and investment calculations
In India, the traditional retirement age is around 60, but with rising aspirations and financial literacy, many aim to retire much earlier.
Though that may sound like a lofty goal, but with strategic planning and disciplined investing, it's entirely achievable. By adopting a proactive approach to your finances and investments, you can pave the way for financial independence and early retirement.
Here's a comprehensive guide on how to invest if you aim to retire early
Zerodha investors bag ₹50,000-crore profits over 4 years, unrealised gains at ₹1 lakh crore: Nithin Kamath
Brokerage firm Zerodha's Co-Founder Nithin Kamath on Tuesday (June 11) said investors using their platform have realised a profit of ₹50,000 crore over the last 4+ years."They are sitting on unrealised profits of ₹1 lakh crore against an asset under management (AUM) of ₹4,50,000 crore" he said on platform x.
Realised profits refer to gains made by investors through the sale of securities at prices higher than their purchase prices.On the other hand, unrealised profits represent the increase in the value of securities that investors hold but have not yet sold.
Read here
Beyond #Newsroom 📰
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go!- CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market- Real-time market updates
We'll see you tomorrow with another engaging '11:11'
First Published: Jun 12, 2024 12:11 PM IST
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