Latest news with #UMass
Time of India
8 hours ago
- Business
- Time of India
Sacred Piprahwa relics of Buddha brought back to India after 127 years: PM Modi
The sacred Piprahwa relics of Lord Buddha have been brought back to India after 127 long years, Prime Minister Narendra Modi said on Wednesday, noting that they were discovered in 1898 but taken away from the country during the colonial rule . It is a joyous day for our cultural heritage, Modi said in a post on X. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Design Thinking Technology Finance Product Management Cybersecurity others Digital Marketing healthcare Data Science Operations Management Leadership Data Science Data Analytics Degree Management CXO Others Project Management Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details He said, "It would make every Indian proud that the sacred Piprahwa relics of Bhagwan Buddha have come home after 127 long years. These sacred relics highlight India's close association with Bhagwan Buddha and his noble teachings. It also illustrates our commitment to preserving and protecting different aspects of our glorious culture." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo When these holy relics appeared in an international auction earlier this year, Modi said, his government worked to ensure that they returned home. "I appreciate all those who have been involved in this effort," he added.
Time of India
14 hours ago
- Business
- Time of India
Insurance, private banks, and AI-led IT: George Thomas picks value spots in a volatile market
In this edition of ETMarkets Smart Talk, we speak with George Thomas , Fund Manager – Equity at Quantum AMC , to decode the current market dynamics and uncover where value may still be hiding amid rising volatility. As foreign institutional investors turn cautious and IPO activity gains momentum, Thomas explains why insurance companies , private sector banks , and AI-led opportunities in the IT space could offer attractive entry points. He also shares his views on earnings visibility , sector resilience, and why retail investors need to stay valuation-conscious—especially in the overheated small and midcap segments . Edited Excerpts – Q) Thanks for taking the time out. The second half of 2025 started on a volatile note. How are you looking at the markets? One of the reasons could be FIIs selling, which continues in July. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Technology Finance MCA Project Management Data Science Digital Marketing Product Management Leadership Data Analytics CXO Operations Management Design Thinking Data Science others Healthcare Others Cybersecurity Management healthcare Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details A) Demand environment has so far not shown a broad-based pickup. Valuations are at or above fair zone in many sectors, which leads to volatility on slight deviation from expected earnings trajectory. Additionally, IPO market has a strong line up which could also limit a stark rally in the market. Considering the impact of ongoing global dynamics on interest rates, trajectory of FII flows is hard to predict in the medium term. Flows have been reasonable, supported largely by the DIIs. Interest rate cuts, reasonable spread of monsoon, low base of FY25 & income tax rebates are likely to support earnings growth through the year. Live Events Though potential returns over the medium term could be lower than historic periods, they are likely to remain reasonable. Q) IPOs have picked up recently, but EY report highlighted that Indian IPO activity in the first half of 2025 recorded 108 deals raising US$4.6b, demonstrating market resilience despite a 30% decline in transactions. A) In many cases, IPOs are launched at the most favorable part of the business cycle and launched at full valuation. Though there is reasonable supply awaiting to hit the markets, median stock returns of recent IPOs are muted which clearly shows a moderation in investor interest. We generally don't participate in IPOs as odds are skewed in favor of the seller. Q) What is the initial sense you are picking up from the June quarter results, which have started to come out? A) The result reason is progressing in line with expectation. Demand environment is not showing a stark change from the muted trend in prior quarters. Input cost moderation is helping profitability in many sectors. Among major sectors, asset quality trends remain reasonable in banks. Though deal wins remain reasonable and environment is stable, IT continues to witness moderate demand environment. Autos have seen muted domestic volume growth, partly due to inventory correction in the channel. Q) Is the current equity market rally largely liquidity-driven, or are there sufficient earnings fundamentals to back the optimism? A) India is likely to see a reasonable market performance backed by the domestic flows and earnings recovery. Muted earnings in the recent year have created a low base for earnings. The recent interest rate cuts, above average monsoon and moderate inflation are likely to support the earnings trajectory through the year. Q) SIPs crossed Rs27K – what does it talk about the retail investor behaviour change? A) Share of SIP in overall AUM has increased from 10.5% in FY19 to 20.4 % of Mutual Fund AUM as of FY25. Large part of investors has understood the importance of long-term orientation. Recent volatility has clearly given an indication that markets aren't always linear. Considering the low share of equity in household financial savings, the trend can sustain for the long term. Q) Where are the pockets of opportunities coming from? A) Private Sector Banks & Insurance offers reasonable value at the current juncture. Though banks could see margin pressure in the near term, favorable credit environment and a potential pick up in credit growth can support banks in the current year. Some of the insurance companies which are facing near term transient issues are also offering good value. IT sector has the potential to positively surprise on earnings as enterprises are likely to accelerate IT spending with the increased proliferation of new technologies like AI. As new technologies proliferate, IT service companies are likely to benefit from implementation and integration related work. Q) How should one play the small & midcap space? A) As flows in the recent times are largely contributed by retail investors and DIIs, few segments within small & mid cap space are trading at extreme valuation. Strategies which are cognizant of valuation and focused on bottom-up analysis are likely to outperform in the current environment.
Time of India
16 hours ago
- Entertainment
- Time of India
Love Island USA stars JaNa Craig and Kenny Rodriguez confirm split in emotional posts
Love Island USA stars Jana Craig and Kenny Rodriguez have officially ended their relationship, and both are speaking out, revealing a split far more complicated than fans might have imagined. The couple, who finished in third place on Love Island USA Season 6, confirmed the breakup in separate Instagram Stories on Tuesday, July 29. What began as a pair of respectful statements quickly turned contentious after Craig accused Rodriguez of manipulation and dishonesty. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Healthcare Artificial Intelligence MCA Operations Management Technology Project Management Product Management Cybersecurity Others Data Science Design Thinking Public Policy Leadership Degree Data Analytics others healthcare Digital Marketing PGDM CXO Management Finance Data Science Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Craig, 28, began her statement by thanking fans for their support before revealing the depth of her pain: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals 'As you know, Kenny and I are no longer together,' she wrote. 'Please know that I have seen all the breakup theories, and none have matched up to how terrible, disgusting, and disappointing it truly is.' She added: 'Discovering that someone you loved isn't who you thought they were and that the relationship you thought you were building hasn't been genuine since day one has been truly devastating.' Craig ended her message with a note of strength: 'Please know as a child of God, I will always be okay.' Live Events Rodriguez, 25, followed with a more measured response as he said, 'Breakups are never easy, especially in the public eye,' he wrote. 'Sometimes, despite how deeply you care for someone, you come to the hard truth that the relationship was not something that could last long-term.' He added, 'I release this chapter with no ill will, only a hope that JaNa's path forward brings her nothing but happiness.' Shortly after, she posted a second, more direct message: 'stfu you manipulative liar,' she wrote. 'You are not taking accountability and telling people the type of person you really are is insane to me!! My first statement was me being nice. Do not piss me off.' The pair had been dating for nearly a year and were fan favorites throughout Season 6 of the reality dating series . They were most recently featured on Love Island: Beyond the Villa, a spin-off documenting the post-show lives of popular contestants. Despite public appearances, including walking the red carpet together at the 2025 American Music Awards in May, sources close to the couple say the relationship had been strained. One source confirmed to People that Craig ended the relationship on July 27, following rumors of tension at a high-profile party. The source also stated, ' They will not be getting back together.' Craig and Rodriguez had previously been praised for keeping their romance private and grounded after the show. But recent events, including resurfaced rumors from Rodriguez's past, have reignited public scrutiny. Friends and fellow islanders, including Serena Page, reportedly unfollowed Rodriguez after the split, signaling support for Craig. Both stars continue to appear on Love Island: Beyond the Villa, though it's unclear how their breakup will affect filming.
Time of India
a day ago
- Business
- Time of India
Keir Starmer says UK will recognise Palestinian state unless Israel agrees to ceasefire
Prime Minister Keir Starmer said Tuesday the UK will recognise a Palestinian state in September - unless Israel agrees to a ceasefire in Gaza and takes steps toward long-term peace. Starmer called ministers together for a rare summertime Cabinet meeting to discuss the situation in Gaza. Explore courses from Top Institutes in Please select course: Select a Course Category MBA healthcare others Management Technology Finance Degree Digital Marketing Artificial Intelligence Public Policy PGDM Operations Management Others Design Thinking Data Science CXO Data Analytics Cybersecurity Project Management MCA Healthcare Product Management Data Science Leadership Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details He told them that Britain will recognise a state of Palestine before the United Nations General Assembly, "unless the Israeli government takes substantive steps to end the appalling situation in Gaza, reaches a ceasefire, makes clear there will be no annexation in the West Bank, and commits to a long-term peace process that delivers a two state solution ."
Time of India
a day ago
- Business
- Time of India
Apar Industries shares surge 13% after double-digit YoY jump in Q1 PAT, revenue
Shares of Apar Industries surged 13% on Tuesday to hit the day's high of Rs 9,810 on the NSE after the company reported a 30% year-on-year (YoY) jump in its consolidated net profit to Rs 263 crore for the quarter ended June 30, 2025, compared to Rs 203 crore reported in the year-ago period. The revenue increased by 27% to Rs 5,104 crore in the quarter under review versus Rs 4,011 crore in the corresponding quarter of the last financial year. Explore courses from Top Institutes in Please select course: Select a Course Category MBA healthcare Management others Healthcare Product Management Data Analytics Cybersecurity Design Thinking Technology Digital Marketing Project Management Data Science Artificial Intelligence Leadership Others CXO PGDM Public Policy Operations Management Finance Data Science MCA Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details The net profit was 5.1% higher at Rs 250 crore reported in Q4FY25, while the revenue was down 2% sequentially versus Rs 5,210 crore reported in Q4FY25. The company's expenses surged 27% to Rs 4,776 crore versus Rs 3,755 crore reported in the year-ago period. Sequentially, they dropped 2.3% over Rs 4,887 crore in the January-March quarter. The expenses were made under the head, including the Cost of raw materials, employees' cost, and finance cost, among other things. The export contribution to revenue stood at 31.6% in Q1FY26 versus 37% in Q1FY25. The US business grew 111.3% over O1FY25 and 23.7% over O4FY25. Live Events The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) post open period forex posted strong growth of 27% over Q1 FY25 on the back of volume acceleration, execution of high margin orders, change in product, and US mix. EBITDA post forex margin stands at 9.8%, remaining unchanged compared to O1 FY25 but higher by 0.5% sequentially. Segmental Updates: Conductor: Revenue stands at Rs 2,785 crores, growing 43.9% YoY. Domestic business up 62.9% v/s O1 FY2,5 while total volume was up 17.5% v/s O1 FY25. Pending order book in O1 FY26 remains strong at Rs 7,779 crores. Specialty Oils: Q1 remains flat versus last year, while volume is up 8.1%. Global transformer oil volume grew 7.4% YoY, and automotive oil grew by 8.4% versus Q1 FY25. Export mix at 36.8% v/s 45.0% in O1 FY25.
