Connect with us


Workers are gaining influence over employers in the US.



The relationship between American companies and their employees is undergoing a profound change: For the first time in a generation, workers are gaining ground.

The change is broader than pandemic-related signing bonuses at fast food places. Up and down the pay scale, companies are increasingly willing to pay a little more, train workers, take risks with people without traditional qualifications, and show greater flexibility in where and how people work.

The erosion of employer power began during the low unemployment years leading up to the pandemic and, given demographic trends, could persist for years.

A record number of jobs were opened in March, according to federal data dating back to 2000, and workers were voluntarily quitting their jobs at a rate that matches their all-time high. Burning Glass Technologies, a company that analyzes millions of job openings a day, found that the proportion of posts that say “no experience is needed” increased by two-thirds from 2019 levels, while the proportion of those that promise a Initial bonus has doubled.

People demand more money to accept a new job. The “reservation wage,” as economists call the minimum compensation workers would require, was 19% higher for those without a college degree in March than in November 2019, an increase of nearly $ 10,000 a year, according to a survey by the Federal Reserve. Bank of New York.

Employers are feeling it: A survey of HR executives at large companies conducted in April by The Conference Board, a research group, found that 49% of organizations with a largely manual workforce found it difficult to retain employees. workers, compared to 30%. before the pandemic.

“Companies are going to have to work harder to attract and retain talent,” said Karen Fichuk, who as CEO of the giant staffing company Randstad North America closely follows the supply and demand for labor. “We believe this is a historic moment for the American workforce.”

This recalibration between worker and employer reflects in part a strange moment in the economy. It is reopening, but many future workers are not ready to return to work.

However, in key respects, the change is based on changes already underway in the tight labor market that preceded the pandemic, when the unemployment rate was 4% or less for two consecutive years.

That follows decades in which union power waned, unemployment was frequently high, and employers turned work into an art of shifting work toward contract and concert arrangements that favored their interests over those of their employees. It would take years of change to undo those cumulative effects.

But the demographic landscape is not turning any more favorable for employers eager to fill positions. Population growth for Americans ages 20-64 turned negative last year for the first time in the nation’s history. The Congressional Budget Office projects that the potential workforce will grow between 0.3% and 0.4% annually for the remainder of the 2020s; the size of the workforce increased on average by 0.8% per year between 2000 and 2020.

An important question for the broader economy is whether employers will be able to create attractive enough conditions to convince some of the millions of working-age adults not currently in the workforce. Depending on your opinion on the causes, the end of expanded unemployment benefits during the pandemic era could also have an effect. Some companies may need to raise prices or change the way they operate; others may be forced to close completely.

Higher wages are part of the story. The jobs report released Friday showed that average hourly earnings for non-clerical workers were 1.3% higher in May than two months earlier. Aside from a brief period of statistical distortions early in the pandemic, that’s the biggest gain in two months since 1983.

But wages alone are not enough, and companies seem to find the best in their own interests to seek workers from all strata of society, for the benefit of people who have lost opportunities in recent decades.

“I’ve been doing this for a long time and I have never been more excited and optimistic about the level of creative investment in this issue,” said Bertina Ceccarelli, CEO of NPower, a nonprofit aimed at helping veterans. military and disadvantaged young adults to start. careers in the tech industry. “It’s an explosive moment right now.”

In fact, an entire generation of managers who came of age in an era of worker abundance is forced to learn to operate amid labor shortages. That means different things for different companies and workers, and it often involves more elaborate strategies than simply paying a signing bonus or a higher hourly wage.

At the higher end of the job market, that may mean that workers are more emboldened to leave a job if employers aren’t flexible enough on things like working from home.

It also means that companies are thinking more broadly about who is qualified for a job in the first place. That’s evident, for example, in the way Alex Lorick, a former South Florida nightclub janitor, was able to become a mainframe technician at IBM.

Lorick often worked a shift called the “nine-to-five devil,” from 9 pm to 5 am, which became even more brutal when interspersed with day shifts. The hours were hard, but the pay was better than at his previous jobs, one in a retirement home and another serving food at a dog track. Yet it was a far cry from the kind of job he’d dreamed of in high school, when he was fond of computers and imagined making video games for a living.

As a young adult, he took online classes in web development and programming languages, but came across a Catch-22 that many job seekers know well: No one wanted to hire an inexperienced tech worker, which meant they couldn’t. get enough experience to get hired. . College was not for him. Hence the devil from nine to five.

Until the end of last year, that is. After months of unemployment during the pandemic, he heard from IBM, where he had once applied for a technical job and had been turned down. IBM invited him to apply to an apprenticeship program that would pay him to train as a mainframe technician. Now 24, he completed his training this month and is beginning to work on what he hopes will be the start of a long career.

“This is a much more stable paycheck and more consistent hours,” Lorick said. “But the most important thing is that I feel that I am on a path that makes sense and where I have the opportunity to grow.”

Before Adquena Faine began an IBM apprenticeship to become a cloud storage engineer, she was driving for ride-sharing services to support herself and her daughter, dealing with the erratic income and accompanying back pain.

“I really hate driving now,” he said. “I could feel the car vibrating even when I was not in the car.”

She had attended college but had not completed it, and served in the Air Force, but the information technology industry was new to her.

“They were confident that they could teach me what I needed to know,” he said. “It was intense, but I didn’t want to disappoint myself or my baby.”

The hiring of Faine and Lorick was part of a deliberate effort by IBM to rethink how it hires and what counts as a qualification for a given job.

The apprenticeship program started in 2017 and thousands of people have gone through it and other similar programs. Executives concluded that the qualifications for many jobs were unnecessarily demanding. Ads may require applicants to have a bachelor’s degree, for example, in jobs for which a six-month training course would adequately prepare a person.

“By creating your own silly barriers, you are actually making your job search for talent difficult,” said Obed Louissaint, IBM’s senior vice president of transformation and culture. By working with managers across the company on training initiatives like the one Lorick was hired for, “it’s about making managers more accountable for advising, developing and developing talent rather than buying talent.”

“I think something fundamental is changing, and it has been happening for a while, but now it is accelerating,” Louissaint said.

Efforts like IBM’s are, to some extent, a rediscovery of the value of investing in workers.

“I think companies need to relearn some things,” said Byron Auguste, CEO of Opportunity at Work, an organization dedicated to fostering job opportunities for people of all backgrounds. “Many companies, after the recessions of 2001 and 2008, dismantled their training and onboarding infrastructure and said that this is a cost that we cannot afford.

“But it turns out that you really need to develop your own workers and you can’t just rely on hiring.”

Any job involves much more than a salary. Some good jobs don’t pay a lot and some bad jobs pay a lot. Ultimately, each position is a set of things: a salary, yes, but also a benefits package; a work environment that may or may not be pleasant; opportunities to advance (or not); flexible schedule (or not).

Statistical agencies collect fairly good data on aspects of jobs that are quantifiable, especially salary and benefits, and not so good data on other dimensions of what makes a job good or bad. But it’s clear, as the job market tightens, that people routinely favor those less quantifiable benefits.

That has become clearly evident in the restaurant industry, which faces extreme labor shortages.

“Traditionally in restaurants, it was, ‘Hey, this is the job. If you want these hours, great; if not, we’ll find someone else, ‘”said Christopher Floyd, owner of the hotel industry recruiting firm Capital Restaurant Resources in Washington. “Now employers have to say: ‘You have the qualities we are looking for; maybe we can work out a more flexible schedule that works for you. ‘ Employers are increasingly aware that yes, it’s about money, but it’s also about quality of life. ”

Whether it’s a bigger paycheck, more manageable hours, or a training opportunity offered to someone with few formal credentials, the benefits of a tight job market and changing leverage can take many forms.

What they have in common, no matter how long this shift to workers lasts, or how powerful the force, is that it places the employee in the position that matters most: the driver’s seat.


Insolvency law changes the way society perceives business failures, says MS Sahoo



Filled with a huge unsatisfied appetite for freedom of exit, insolvency law is changing the way society perceives business failures as it becomes a reform of, for and by stakeholders, according to IBBI president. , MS Sahoo.

Just over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides a limited, market-linked time frame for the resolution of stressed assets, has passed the constitutional test.

In Sahoo’s words, with each Supreme Court ruling, the Code has developed deeper and stronger roots, and probably boasts the largest body of legal cases.

In terms of value, the code has rescued 70% of distressed assets through insolvency resolution plans and released the remaining 30% of those assets through liquidations.

Sahoo, who has been at the helm of the Bankruptcy and Insolvency Board of India (IBBI) since its inception in October 2016, said the code is changing the way society perceives business failures.

IBBI is a key institution in the implementation of the Code.

According to the IBBI chief, by salvaging viable businesses through the insolvency process, closing unviable ones through liquidation, and facilitating voluntary liquidations, he is freeing entrepreneurs from honest business failures.

“Companies, which may not withstand market pressures, would have to use the code to reorganize business or for a clean and dignified exit. ‘Not succeeding’ will soon be the new mantra for budding entrepreneurs in the country. No There are days far away when we will celebrate failure, “Sahoo told PTI in an email interview.

Since the provisions of the Bankruptcy Resolution Process (CIRP) came into force on December 1, 2016, a total of 4,376 CIRPs have been initiated until the end of March of this year.

Of the total, 2,653 have been closed, including 348 CIRPs that ended with the approval of resolution plans. Up to 617 CIRPs were closed on appeal or review or resolved, while 411 were withdrawn and 1,277 ended up in liquidation orders, according to IBBI’s latest quarterly bulletin.

Citing the findings, Sahoo said a huge unsatisfied appetite for freedom of exit “made the Code a reform by, for and by stakeholders, and the ban on undesirables to seize control of a stressed company ushered in a fair relationship between debtor and creditor.

Significant improvements in the insolvency resolution score made it easier to conduct business in India and the emergence of new markets for resolution plans, interim finances and liquidation assets, among others.

While noting that six amendments and dozens of subordinate laws have kept the code relevant with changing needs and addressed implementation difficulties, Sahoo said that most importantly, “the rule of law was institutionalized in an anarchic and stressful situation when the claims of all creditors together is incompatible with the company’s available assets. ”

All that said, there are also flaws but not many.

Aside from the few missing elements, such as cross-border and group insolvency to supplement corporate insolvency, Sahoo said that while work has begun, an institutional framework is sometimes lacking to prepare a cadre of appraisers.

“Compared to the previous regime that took almost five years to complete, the process under the code that produces a resolution plan takes an average of 400 days. However, if it does not reach the expected 180/270 days,” he said.

He also noted that economic legislation is typically a skeletal structure and “judicial pronouncements give it flesh and blood” and resolve gray areas.

“While granting the legislature the freedom to experiment, the supreme court proactively resolved jurisprudence, explained various conceptual issues, resolved contentious issues, and resolved gray areas, at an unprecedented rate, providing clarity on what is permissible and what is not. It is, “he emphasized.

The Code has also helped create a cadre of 3,500 insolvency professionals, three professional insolvency agencies, 80 professional insolvency entities, 4,000 registered appraisers, 16 registered appraiser organizations, and one information company.

Continue Reading


India spent 2386 cr rupees in 2020 on oral cancer treatment, study finds



Multiplying the cost per unit of early and advanced cancer based on the results of one study, India spent approximately Rs 2,386 crore in 2020 on oral cancer treatment, paid for by insurance plans, the government and the private sector, out-of-pocket costs and charitable donations or a combination of these.

This is a significant part of the health care budget allocation made by the government in 2019-20, towards a single disease. Without any cost inflation, this will result in an economic burden on the country of Rs 23,724 crore for the next ten years.

Tata Memorial Center published the first study of its kind on the cost of disease and treatment of oral cancer in India.

“This strained economic impact of oral cancer treatment strongly suggests that prevention should be one of the key mitigation strategies to address affordability,” the study said, adding that almost all oral cancers are caused by some form of tobacco and the use of areca nuts, either directly. or as a second-hand intake.

It is very important that our country take the appropriate measures to curb this threat and mitigate the economic burden caused by just one of the hundreds of diseases caused by tobacco use, he said.

“Early detection strategies leading to a reduction of only 20% in late-stage disease could save almost Rs 250 million a year.”

According to the World Health Organization (WHO), the study further said that cancer is the second leading cause of death globally, with about 70 percent of cases occurring in low- and middle-income countries.

“The cancer scene in India is fraught with oral cavity cancer being the most common among men. In fact, India accounted for almost a third of the global incidence in 2020. “

Dr. RA Badwe, Director of the Tata Memorial Center, said: “According to statistics from GLOBOCAN, the rate of newly diagnosed cases has increased by a staggering 68% in the last two decades alone, making it a true crisis of public health.

“To add to this, accessibility to health services is low, which coupled with poor health awareness results in most cases presenting with late-stage disease that is often difficult to treat.”

About 10 percent of patients have a progressive disease that makes them untreatable and can only be offered supportive care for their symptoms.

Most of those who receive some type of treatment are unemployed and become a financial burden on their friends and family. Even patients with health insurance and / or government assistance, who are generally considered immune to the cost of health care, face serious challenges as most schemes do not provide the actual amount needed for treatment.

This eventually increases their out-of-pocket expenses, pushing a significant proportion of the patients themselves and their families into a never-ending cycle of debt.

To address these issues, a team from the Tata Memorial Center, led by Dr. Pankaj Chaturvedi, set out to conduct a cost-of-disease analysis that would provide invaluable information for policymakers appropriately allocating resources to cancer.

This is the first study of its kind in India and among a few globally, the estimates of which were calculated using a bottom-up approach where data was collected prospectively for each service as it was used.

This huge collection of data has made it possible to determine the direct healthcare costs of oral cancer treatment, that is, the cost per patient borne by a healthcare provider that is directly attributable to oral cancer treatment.

Dr Arjun Singh, a researcher at Tata Memorial Hospital and lead author of the study, said the unit cost of treatment for the advanced stages (Rs 2.02,892) was found to be 42% higher than the early stages (1.17. 135 rupees).

At the same time, there was an average 11 percent reduction in unit costs, as socioeconomic status increased.

Medical equipment accounted for 97.8 percent of capital costs, with the largest contributor being radiology services that included CT, MRI, and positron emission tomography.

Variable costs including consumables for late-stage surgery were 1.4 times higher than early-stage surgery, the study said, adding that “with the addition of additional chemotherapy and radiation therapy to surgery, the average cost of treatment increased by 44.6 percent. “

“About 60-80 percent of oral cancer cases visit their specialist oncologists in advanced stages.” – IANS

rak / dpb

(Only the headline and image for this report may have been edited by Business Standard staff; other content is automatically generated from a syndicated feed.)

Continue Reading


Father’s Day 2021: History, date, importance of the day



On this day, children express their gratitude to their parents and also to those with whom ties equate to parental ties. Image: IE

Father’s Day is celebrated on the third Sunday of June every year in India. That is why there is no set date to celebrate Father’s Day. This year, it is celebrated today (June 20) as it is the third Sunday of this month. As its name suggests, it is the day we celebrate fatherhood and the bond between children and their parents. Due to the Covid-19 pandemic, it is unlikely that people will be able to celebrate the day extravagantly. The celebrations are expected to be minimal, similar to last year.

On this day, children express their gratitude to their parents and also to those, with whom ties are equal to parental ties. All of the father figures who have helped shape minds, thoughts and have been instrumental in one’s life are also honored on that day. Because all the sacrifices made by parents for their children are also recognized.

After losing a mother, her father took care of a 16-year-old girl, Sonora Louise Dodd, along with her five younger siblings. Dodd’s father was a war veteran who selflessly cared for his children. To mark their efforts, Sonora drew up a petition demanding that Father’s Day be celebrated. With the means of his petition, he wanted all fathers and those who are father figures to all to be honored on the date of his father’s birthday, June 5.

While efforts to celebrate Father’s Day were unsuccessful, Sonora managed to convince local church communities to participate. The date was decided as the third Sunday of each June. Later, Dodd spent years campaigning for the efforts that parents make for their children.

The celebrations have remained subtle since last year. Many people exchange cards, prepare hearty meals, bake cakes for their parents to mark the day. Some also bring flowers or gifts as a symbol of their gratitude and love.

People have also taken to social media to express their feelings for their bond with parents. Many have also shared their memories and images to mark the day.

This is how some netizens posted on Twitter.

Get Live Stock Prices from BSE, NSE, US Market & Latest NAV, Mutual Fund Portfolio, Check Latest IPO News, Top Performing IPOs, Calculate Your Tax with Tax Calculator income, learn about the top market winners, top losers, and best equity funds. Like us in Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay up-to-date with the latest news and updates from Biz.

Continue Reading


Great deal, but the valuation is sky high



NIO Inc. (NOK) designs and manufactures high-tech electric vehicles in China. As a major and innovative player in connectivity technologies, autonomous driving and artificial intelligence, it competes directly with Tesla (TSLA).

The main value for NIO comes from its competitive positioning in the market for luxury electric vehicles (especially SUVs) in China, derived from its comparable technology combined with its lower price.

Furthermore, as a leading and innovative local manufacturer in high priority cutting edge technology fields, the Chinese government has a vested interest in NIO’s continued growth and success. Not only should this lead to continued financial support in tough times, it can also lead to government-controlled media arousing popular opinion against its main competitors, as it has recently done with TSLA. (Lake Nio stock chart in TipRanks)

The company is expected to continue to generate strong growth thanks to the reopening of the global economy following the COVID-19 outbreak, as well as the continued robust growth of the Chinese middle class. Furthermore, as its advanced automotive technologies continue to emerge and gain a larger share of the overall global automobile market, demand for its products and technologies should grow.

That said, the company also has numerous challenges to tackle. First, you already face significant competition from larger companies, such as TSLA, which possess powerful innovative capabilities and strong branding images. Also, as a Chinese company, you face significant political risk (like Alibaba (SLIME) recently learned the hard way), accounting risk and execution risk. The last risk is due to the fact that it is still a smaller scale business that must meet aggressive growth expectations.

Valuation metrics

Despite these challenges, NIO still has a strong position in the space, giving it a significant advantage to leverage in terms of network and industry-specific consumer data. However, its valuation remains high. The forward price for cash flow is a whopping 95.6x, and the company is still not profitable on a GAAP basis, while simultaneously bleeding cash.

The good news is that revenue is expected to triple over the next two years and the business should finally be profitable on an EBITDA basis in 2022, although the EBITDA margin is likely still very slim at just 2.3%.

Between your backing from the Chinese government and your $ 47.2 billion arsenal of short-term investments and cash, you should have the financial backing you need to fund your ambitious ventures and reach profitability in a few years. However, it remains highly speculative given that it must meet massive growth expectations in a short period of time, in the face of significant challenges.

Taking of Wall Street

From Wall Street analysts, NIO obtains a Strong Buy analyst consensus based on 8 Buy ratings in the last 3 months. In addition, the Nio analyst average target price of $ 61.91 puts the upside potential at 31.98%.

Summary and conclusions

NIO is a highly speculative investment at the moment as it is highly valued. Therefore, you must meet very high expectations against numerous risks to offer long-term investors a respectable return.

That being said, it still has a lot to offer. Nio is strengthened by its status as a national leader in high-priority, cutting-edge technologies and a high-visibility global industry. The Chinese government is likely to continue to help the company directly and indirectly move forward, and the strong tailwind from China’s growing middle class should also boost Nio significantly.

Overall, business is likely to continue to grow and analysts remain bullish on stocks here. That said, given its high valuation and steep rise to profitability against top-tier competition from companies like TSLA, the stock is still a risky bet. Investors may be wise to take this into account before establishing a position.

Disclosure: As of the publication date, Samuel Smith did not hold a position with any of the companies mentioned in this article.

Disclaimer: The information contained therein is for informational purposes only. Nothing in this article should be taken as a request to buy or sell securities.

Continue Reading


AI in investing is about human empowerment, not displacement



Artificial intelligence (AL), a branch of computer science, enables machines to mimic intelligent human behavior to solve complex problems. It’s called artificial intelligence, since human intelligence is considered real intelligence. Machine learning (ML), a powerful subset of artificial intelligence, helps devices learn and improve from past experiences without the need for explicit programming. ML processes massive amounts of data to extract actionable insights that help create competitive advantage, and it has proven to be a game changer for the business world, driving aggressive growth, innovation and sustainability agendas across different verticals.

Given the fuzzy definitions of AI and ML in practice, it’s not easy to accurately measure their progression in quantifiable terms. However, several surveys and studies from time to time have given us a clear idea of ​​its speed.

in business and industry.

Machine learning and business intelligence
The growing volume and complexity of business data is driving the business adoption of ML in business analytics, which has progressed by leaps and bounds since the glory days of conventional extract, transform, and load (ETL) tools. ML has vastly improved business intelligence by processing and analyzing large and complex data sets to identify patterns that would otherwise go undetected.

Simply put, ML-enabled pattern recognition is a ‘machine way’ of identifying data regularity, which is about its stability, consistency, and symmetry, and classifying events based on input data. Therefore, more than simply monitoring behavior, analysis of user actions reveals actionable information about their behavior that is invariably complex and varied.

The importance of predictive machine learning can be measured by its success in different industries. Today, many retailers are creating personalized product recommendations based on purchasing patterns. Health insurance providers are developing information-rich consumer profiles. Digital media companies predict the success of entertainment shows to make smart streaming decisions. Food tech companies are customizing each customer’s landing page based on their granular food preferences, driving the shopper to a ‘buy’ based on the sheer joy of finding the recipe, ingredients, and cooking style. desired.

Machine learning applications in financial services
ML opportunities in the financial space. ML can help provide banking clients, as well as investors in the stock market, with curated pages that highlight offerings suited to their needs or with the sectors and stocks of their choice; More importantly, you can guide them toward better investment and banking decisions through prudent choices in light of prevailing market trends, realities, and customer needs.

It is pertinent to note the powerful dual use of ML in trading and investing. It can be used to analyze stocks, as well as to analyze the investment behavior of investors.

For inventory analysis, AI ensures a huge value addition: it collects clean data and processes and classifies to draw intelligent inferences through pattern recognition. In stock trading, it also helps minimize post-execution impact on stock prices by breaking orders into smaller chunks, as well as identifying arbitrage opportunities in various markets.

This snapshot of popular AI trading and trading tools gives a glimpse of a burgeoning market in the making.

Kavout Former Google executives Brainchild has developed “K Score” – an AI-enhanced stock ranking system that uses pattern recognition technology and a price forecasting engine.
Auquan Platform for asset managers to look for non-obvious connections, news, anticipation biases that affect investment decisions.
EquBot Artificial intelligence platform integrated with IBM Watson that enables faster data processing, AI-created portfolios, and sentiment analysis.
Black box actions It comes with a pre-trade scanner to detect most active stocks and their degree of volatility.
Neuronic Now part of Trading Technologies, it enables continuous assessment of compliance risk associated with complex business behaviors.
Sigmoidal Discover actionable patterns between capital market values ​​and expectations.

For the analysis of investor behavior, AI goes beyond mere personalization to forecast how such behavior will influence business decisions. This rotation brings to light invaluable information such as actionable segmentation of customers into different groups (and therefore targeting different product offerings) based on their spending and savings patterns.

Today, many technology companies are studying tons of unstructured data sets and extracting invaluable information and patterns to assess the reliability of company guidance disclosures, the correlation between projections and performance, and the likelihood of increases. and growth downturns. Additionally, digital assistant vendors are enabling guided conversations that simulate the “why” and “how” questions that an expert financial advisor is adept at asking and answering.

AI and ML in India … and the road ahead
According to a 2020 study by Analytics India and AnalytixLabs, 16% of analytics revenue across all companies is attributed to advanced analytics, predictive modeling, and data science. Although this participation is impressive, the fact is that the AI ​​market in India is still in a nascent stage.

Without a doubt, there is enormous scope for the use of AI in the future, beyond Behavioral Analytics, Robo Advisory, Stock Scoring, and Portfolio Diagnostics. Potential areas include both stakeholder-specific (such as customer onboarding, self-service offerings, vendor management) and system-specific (such as risk management, anti-money laundering, fraud detection).

As more and more users join the AI ​​train, data will only grow in volume, speed, accuracy, variety, and value. The graphic below (courtesy: German market data platform Statista) gives a clear idea of ​​the big data revolution that is brewing, which will soar higher on the wings of artificial intelligence and machine learning.

Yes Sec-Big data table

AI and ML in Investing: About Human Empowerment, Not Displacement

The capital market is enormously complex. Since market data, feeds are the main inputs of an algorithm; machines can miss dozens of elusive opportunities that only the human brain is adept at detecting. AI has the serious limitation of not offering a long-term strategy based solely on the status quo or past information. Humans can improve the probabilistic results of AI, validating them in light of intuition and discretion, such as the way a doctor studies an ultrasound image.

Artificial intelligence and machine learning are key enablers to improve investment and business decisions. Competent financial advisers make smart use of actionable AI and ML information that provides comprehensive analysis of stocks / sectors and investor behavior to create long-term wealth for different clients. This ultimate goal is achieved only through disciplined and diversified investments, in line with the respective income profiles, risk appetites, available market opportunities, and applicable incentives such as tax deductions and exemptions.

This article is written by Gopinath Natarajan, Head of Investments and Products, Yes Securities. The views are yours)

Continue Reading


Gold Price: Prospects Still Mixed Next Week; expert gives this business strategy



The bullion trend is expected to remain mixed over the next week, albeit with a downward bias, said expert Anuj Gupta, IIFL vice president (VP) of commodity and currency research. He further said that the US Federal Reserve’s comments on interest rates have not yet been fully accounted for by the markets and that could keep gold and silver prices in an uncertain zone.

The yellow metal fell more than 1 percent on Wednesday after the US Federal Reserve indicated a double increase in interest rates for 2023. This news was not well received by the bullion market, as prices fell. abruptly.

Watch Zee Business Live TV broadcast below:

As for domestic prices, although the international price could undergo a correction, the strength of the US dollar may not allow bullion to slip appreciably here, he said. “We may see prices hold up in physical markets,” he added.

Spot gold was down 0.61 percent to $ 1,762.63 an ounce, and prices were down about 5.7 percent for the week. US gold futures closed 0.3% lower at $ 1,769 an ounce, Reuters reported.

MCX Gold perspective

On Friday, MCX August Gold Futures closed at Rs 46,800 per 10g, becoming cheaper at Rs 158 or almost 0.34 percent from the last closing price on Thursday. Your strategy for the week will be to sell gold futures. He recommended selling at 47,500 rupees. Puts the stop loss at Rs 48,000. It puts the target price at Rs 46,500.

MCX Silver Outlook

Meanwhile, MCX’s July silver futures ended at Rs 67,580 per kg on Friday, Rs 19 less than the last closing price on Thursday. He recommended selling at Rs 68,500. It puts the stop loss at Rs 69,500, while the target price is Rs 66,000.

Gold and silver price in Dubai

As for prices in Dubai, 24k gold was trading at AED 213.75 (Rs 4,314.69) per gram, while 22k was trading at AED 200.75 (Rs 4,052.28). This information has been obtained from the Dubai Gold & Jewelery Group (DGJG) website. The website claims that the DGJG is the largest trade body for Dubai’s jewelry industry (DGJG).

Continue Reading


Automakers in the automotive hub of India can operate at full capacity



CHENNAI, India (Reuters) – Global automakers such as Renault-Nissan, Hyundai Motor Co and Ford Motor Co can operate their entire workforce at India’s auto manufacturing hub starting Sunday, despite protests. of workers for safety in the pandemic.

The state of Tamil Nadu, one of the hardest hit in the country, allowed industrial units with export commitments to operate at 100% capacity, boosting its burgeoning auto industry.

New cases in the state have fallen from more than 30,000 a day in May to around 8,000, but they still account for a seventh of all cases in India, which ranks second after the United States in total infections.

“Any company that exports or supplies to export-oriented industries will be able to operate at full capacity as cases decline,” said a senior state government official.

An Indian court this month tasked industrial safety officials with visiting automakers in the southern state to draw up uniform safety guidelines.

The Madras High Court was responding to a case brought last month by workers from the Indian unit of the Franco-Japanese alliance of Renault SA Nissan Motor Co.

They called for operations to be halted, saying that social distancing rules were being violated and that the risk to their lives outweighed the health benefits provided by the company.

Unions of global automakers have written letters of protest, arguing that hundreds of workers at the Chennai auto manufacturing hub have fallen ill with COVID-19 and dozens have died.

Ford and Hyundai also stopped working at their plants last month after workers protested and some went on strike.

(Reporting by Sudarshan Varadhan; Edited by William Mallard)

(Only the headline and image for this report may have been edited by Business Standard staff; other content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and feedback on developments that are of interest to you and that have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our determination and commitment to these ideals. Even during these difficult times arising from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions, and incisive commentary on relevant current affairs.
However, we have a request.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to bring you more quality content. Our subscription model has received an encouraging response from many of you, who have subscribed to our content online. Increased subscription to our online content can only help us achieve our goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

Continue Reading


World7 mins ago

Israel orders investigation into deadly Mount Meron stampede | Middle East News

The April stampede killed 45 people at a Jewish pilgrimage site long considered dangerous by authorities. Israel’s new government approved...

World44 mins ago

Jordan’s unprecedented palace drama moves to the courtroom

AMMAN, Jordan (AP) – Jordan’s version of a century-old trial begins this week when a relative of King Abdullah II...

World50 mins ago

AP Interview: Former President Says US Failed in Afghanistan

KABUL, Afghanistan (AP) – The former president of Afghanistan said Sunday that the United States came to his country to...

World56 mins ago

Visualizing 70 Years of Refugee Travel | Human rights news

When we entered 2021, there were 82.4 million people around the world displaced by conflict or persecution. Thirty million of...

World1 hour ago

China says 1 billion doses of COVID vaccine were administered | Coronavirus pandemic news

Beijing plans to fully vaccinate 40 percent of the country’s nearly 1.4 billion people by the end of this month....

World1 hour ago

Pope on Myanmar: houses of worship serve as neutral refuge

VATICAN CITY (AP) – Pope Francis on Sunday condemned the suffering of refugees in Myanmar and called for houses of...

World2 hours ago

Prominent UAE Activist Alaa al-Siddiq Dies in London Car Accident | Human rights news

Alaa was the CEO of a UK-based non-profit organization that advocated for human rights in the Gulf. Alaa al-Siddiq, a...

World2 hours ago

Russian Ambassador Returns to US to Build “Equal and Pragmatic” Ties | Russia News

Diplomatic relations between the two countries had practically broken down since Biden took office. Russia’s ambassador to the United States...

World2 hours ago

Israeli Prime Minister: World Powers Must ‘Wake Up’ Over Iran Nuclear Deal

JERUSALEM (AP) – Israeli Prime Minister Naftali Bennett opened his first cabinet meeting on Sunday since he swore in his...

World2 hours ago

John Bercow, central figure in Brexit Drama as UK president, switches to work

Mr. Bercow was also accused during his career of intimidating members of his staff, claims that he denied. He resigned...

World3 hours ago

Diplomats to meet in Vienna for more nuclear talks with Iran

VIENNA (AP) – More talks between Iran and world powers were planned on Sunday to try to negotiate and restore...

World3 hours ago

Minors accuse guards at Libya’s detention center of sexual assault | Middle East News

A group of migrant teenagers housed in a government-run detention center in Libya accused guards at the European Union-funded center...

World3 hours ago

Former UK President Bercow, Scourge of Brexiters, Joins the Labor Party

LONDON (AP) – Former UK House of Commons Speaker John Bercow, who gained international fame by arbitrating the country’s political...

World4 hours ago

Libya: Military movements banned after Haftar seizure of the border | Khalifa Haftar News

The statement came after forces loyal to Khalifa Haftar said they had seized control of a border crossing with Algeria....

World4 hours ago

Graham Norton Arrives – The New York Times

At the “Home Stretch” recognitions, Norton thanks “all the people who stayed in Ireland to fight for the modern and...



Sports51 mins ago

Twitter reacts to Trent ‘livid’ Boult trying Tim Southee after giving Jadeja a break

Having been reduced to 205/7, the onus fell on Ravindra Jadeja, the latest recognized hitter to lead India to a...

Sports2 hours ago

Twitter reacts to Virat Kohli’s ‘rush’ by wasting a review after ignoring Ajinkya Rahane

In the past, Virat Kohli paid the price for hastily taking revisions, but none greater than today in the World...

Sports4 hours ago

French Grand Prix starting grid, Reddit livestream and more

Will Power driving the Verizon 5G Team Penski led Marcus Ericsson driving the Huski Chocolate Chip Ganassi Racing to the...

Sports4 hours ago

WTC Final | Cheteshwar Pujara could have turned the punch better, feels Dale Steyn

South Africa pacemaker Dale Steyn voiced his opinion on the need for Indian hitter Cheteshwar Pujara to rotate the strike...

Sports6 hours ago

Five-day tryouts should be the way to go in women’s cricket, acknowledges Heather Knight

England women’s team captain Heather Knight has called for five-day trials in women’s cricket instead of the current four-day format...

Sports7 hours ago

The inexperience of the English hitters showed in the New Zealand series, but they deserved criticism, says Stuart Broad.

Stuart Broad said it was “heartbreaking” that England were beaten at home after seven years, calculating that the loss was...

Sports8 hours ago

WTC Final | India hit really well, showed why they are a top team, Kyle Jamieson admits

New Zealand pacemaker Kyle Jamieson admitted that the Indian team hit exceptionally well on Day 1, sometimes even hitting good...

Sports8 hours ago

Team India will take the confidence gained from Bristol’s draw in the pink ball event, says Mithali Raj

Mithali Raj expressed his pride in the fight shown by his team in Bristol and stated that the positive result...

Sports8 hours ago

Jermall Charlo defends the WBC title with a close decision

Jermall Charlo beat Juan Montiel by decision, improving to 32-0 and defending his WBC world middleweight title in the process....

Sports8 hours ago

Islander fan trolls Lightning over salary cap

June 19, 2021; Uniondale, New York, United States; Islanders fans react after a goal by New York Islanders right wing...

Sports8 hours ago

Anderson Silva only gets a split decision, but thrashes Julio Cesar Chavez Jr.

GUADALAJARA, MEXICO – JUNE 19: Anderson Silva (R) hits Julio Cesar Chavez Jr (L) during a fight between Julio Cesar...

Sports8 hours ago

Mikaela Mayer retains WBO title in close battle with Erica Farias

LAS VEGAS, NEVADA – JUNE 19: Erica Farias (L) and WBO female jr. Lightweight champion Mikaela Mayer (R) traded blows...

Sports9 hours ago

WTC Final | Anything over 250 will be a very reasonable score, Vikram Rathour feels.

Team India hitting coach Vikram Rathour acknowledged the complexity of the conditions at Southampton and insisted his team would be...

Sports9 hours ago

NBA Twitter reacts to epic Game 7 between Bucks and Nets

NEW YORK, NEW YORK – JUNE 19: Khris Middleton # 22 of the Milwaukee Bucks celebrates after winning the basket...

Sports10 hours ago

Isaac Cruz dominates Francisco Vargas with power despite finishing

Isaac Cruz came out throwing power early on and edged out Francisco Vargas in a unanimous decision win, but the...



Business5 mins ago

Insolvency law changes the way society perceives business failures, says MS Sahoo

Filled with a huge unsatisfied appetite for freedom of exit, insolvency law is changing the way society perceives business failures...

Business12 mins ago

India spent 2386 cr rupees in 2020 on oral cancer treatment, study finds

Multiplying the cost per unit of early and advanced cancer based on the results of one study, India spent approximately...

Business18 mins ago

Father’s Day 2021: History, date, importance of the day

On this day, children express their gratitude to their parents and also to those with whom ties equate to parental...

Business24 mins ago

Great deal, but the valuation is sky high

NIO Inc. (NOK) designs and manufactures high-tech electric vehicles in China. As a major and innovative player in connectivity technologies,...

Business30 mins ago

AI in investing is about human empowerment, not displacement

Artificial intelligence (AL), a branch of computer science, enables machines to mimic intelligent human behavior to solve complex problems. It’s...

Business36 mins ago

Gold Price: Prospects Still Mixed Next Week; expert gives this business strategy

The bullion trend is expected to remain mixed over the next week, albeit with a downward bias, said expert Anuj...

Business42 mins ago

Automakers in the automotive hub of India can operate at full capacity

CHENNAI, India (Reuters) – Global automakers such as Renault-Nissan, Hyundai Motor Co and Ford Motor Co can operate their entire...

Business48 mins ago

UPSC Civil Services 2021: Complete Strategy and Prep Tips for Preliminaries

Applicants should have a well-designed syllabus ready that allows them to cover the syllabus smoothly. UPSC Civil Services 2021: Exams...

Business55 mins ago

It’s about the (asset) class

If one were to poll investors and investment professionals to determine their ideal investment scenario, the vast majority would no...

Business1 hour ago

Government open to more measures to boost the economy: CEA KV Subramanian

The government is open to presenting more measures to boost the economy that has been hit by the second wave...

Business1 hour ago

Stock Markets on Monday – Market Guru offers information about the upcoming week; watch out for THESE LEVELS at Nifty, Bank Nifty

If you think the stock markets had a weak close on Friday, the last trading day of the week, pause...

Business1 hour ago

The third wave of covid will depend on two factors, the mutation of the virus and human error.

New Delhi [India], June 20 (ANI): With overall COVID-19 cases in India steadily declining over the past few weeks, several...

Business1 hour ago

Business Webinars, Webinar for MSMEs by Entrepreneurs

Between September 2015 and June 30, 2020, 1,02,32,451 (1.02 crore) UAM records were recorded. Ease of doing business for MSMEs:...

Business1 hour ago

China steps up crackdown on bitcoin mining industry

China’s largest bitcoin-producing provinces have stepped up their crackdown on cryptocurrency mining in the latest sign of how global authorities...

Business2 hours ago

BJP BL Santhosh senior leaders, Radha Mohan Singh at UP again to review the functioning of the match from Monday

BJP National (Organization) Secretary General BL Santhosh and Uttar Pradesh Head Radha Mohan Singh will be in Lucknow on a...



Entertainment21 seconds ago

New Photos of the Late Rapper King Von MOM Leak; Supposedly had butt surgery !!

The hip hop world lost one of its brightest beginnings, King Von, earlier this year. The Chicago rapper was shot...

Entertainment13 mins ago

Da Baby and Meg the stud are FIGHTING on Twitter; BF Cardi from Megs does too!

Megan Thee Stallion and DaBaby are no longer on friendly terms, MTO News confirmed. The two superstar rappers criticized IG...

Entertainment43 mins ago

Naya Rivera’s ex Ryan Dorsey posts an adorable photo of his son Josey in a little robe and cap after graduating from pre-kindergarten!

The former husband of the late actress and father of her son, took to social media to mark the boy’s...

Entertainment2 hours ago

Joe Biden and Jill Biden pay touching tribute to their champion dog after his death at age 13

The first pet has sadly passed away and POTUS and FLOTUS paid tribute to their beloved dog. Joe biden and...

Entertainment3 hours ago

Macy Gray Says It’s Time For The US Flag To Be Redesigned At The June 19th Rehearsal – Here’s Why!

On June 16, singer-songwriter Macy Gray wrote a powerful essay calling for the American flag to be redesigned. This is...

Entertainment3 hours ago

Farrah Abraham doesn’t think her daughter is growing up too fast despite what critics may say.

During a new interview, Farrah Abraham addressed the public’s concerns about her pre-teen daughter supposedly growing up too fast! However,...

Entertainment10 hours ago

Are Millie Bobby Brown and Jon Bon Jovi’s son dating? – details!

Is the Stranger Things actress dating Jon Bon Jovi’s son? The two were spotted in New York and were holding...

Entertainment10 hours ago

Uma Thurman is dating Bloomberg CEO Justin B. Smith, according to a new report

For staff. 17 seconds ago Uma Thurman has a new man in her life. The 51-year-old “Kill Bill” actress...

Entertainment11 hours ago

Jazz Jennings vows to go on a weight loss journey after gaining 100 pounds – see the before and after photos!

The reality TV star has gained around 100 pounds in less than two years and is now opening up about...

Entertainment11 hours ago

Just Timberlake shares tips with music students to inspire new videos

For staff. 22 seconds ago What is Justin Timberlake’s best job, but perhaps the least known? Music teacher. The...

Entertainment11 hours ago

Chrissy Teigen warns Michael Costello that he will take him to court for ‘fake’ DMs that prove she bullied him.

After designer Michael Costello accused her of bullying, the model responded, claiming that the text messages she provided as evidence...

Entertainment12 hours ago

Macy Gray calls for American flag redesign in op-ed

In honor of June 19th becoming a federal holiday, Macy Gray is calling for the American flag to be redesigned....

Entertainment12 hours ago

Meadow Walker wears a cropped YSL dress to the premiere of F9

Meadow Walker made a memorable appearance at the F9 premiere on June 18. The 22-year-old model was featured in tribute...

Entertainment12 hours ago

Scarlett Johansson talks about the sexualization of the black widow

Scarlett Johansson is happy to see the industry evolve after playing Natasha Romanoff for over 10 years. On a recent...

Entertainment12 hours ago

Valentino Platform Boots by Jennifer Lopez for MTV Project

When Jennifer Lopez goes to the gym, does she work on her ankle strength? Because that’s the only reasonable explanation...



Tech3 mins ago

A Solid Entry-Level Keyboard and Mouse Set – Review Geek

Classification: 8/10 ? 1 – Absolutely hot garbage 2 – Sorta warm garbage 3 – Strongly flawed design 4 –...

Tech9 mins ago

Motorola Moto G Stylus 5G review

The Motorola Moto G Stylus 5G, as you may have put together, is a phone with a built-in stylus and...

Tech34 mins ago

How to know which Kindle model you have

Erlo brown Over the past 14 years, Amazon has released many slightly different Kindles. If you’re stuck wondering if you...

Tech40 mins ago

Best Prime Day AirPods Deals: AirPods Pro Drop to $ 190 on Amazon

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...

Tech52 mins ago

WatchOS 8 is coming soon. Here are all the Apple Watch updates you can expect

Apple / Screenshot by Russell Holly / CNET This story is part of Apple event, our full coverage of the...

Tech59 mins ago

Windows 11: everything we want from Microsoft’s new operating system

We still don’t know what the big Windows 10 redesign will look like, or if it will be called Windows...

Tech1 hour ago

How to stream music for free with Amazon Prime

Amazon Amazon prime Memberships come with much more than free two-day shipping. The Prime Video streaming service is quite popular,...

Tech1 hour ago

Take 2: Spacewalking Astronauts Tackle Solar Panel Work

Spacewalking astronauts are back 260 miles up, working to install powerful new solar panels outside the International Space Station. For...

Tech2 hours ago

AirTags Hands On: Apple’s Awesome Bluetooth Trackers Will Get An Android App

Despite its small size, Apple AirTag has Bluetooth, ultra-wideband, and NFC to help you find it and attach items. Sarah...

Tech2 hours ago

What does “DW” mean and how is it used?

Gustavo Frazao / The acronym “DW” is a great way to make a conversation a little less tense. We...

Tech3 hours ago

The iPhone 13 is not a shoo-in: Why the iPhone 12S could be Apple’s next flagship?

Andrew Hoyle / CNET until Apple Marquee Event in the Fall, the name of the next iPhone family is anyone’s...

Tech4 hours ago

FaceTime is getting a ton of updates and I can’t wait to try them out with my friends

FaceTime is taking over Zoom with some exciting updates to iOS 15. Apple This story is part of WWDC 2021....

Tech6 hours ago

How David Ellison turned Skydance into Hollywood’s smart gamble

The equity deal with RedBird and CJ Entertainment valued Skydance at around $ 2.3 billion. At its current rate of...

Tech11 hours ago

Best Prime Day Apple Deals Available Now on AirPods Pro, Apple Watch, iPads, and More

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...

Tech11 hours ago

Best Prime Day iPad Deals: Save $ 60 on iPad Air, $ 30 on 10.5-Inch iPad

This story is part of Amazon Prime Day 2021, CNET’s guide to everything you need to know and how to...



Lifestyle4 mins ago

How to know when to throw something away

Healer and counselor Peggy Fitzsimmons, who has been helping people eliminate garbage from their lives for fifteen years, suggests that...

Lifestyle54 mins ago

A 5-Step Breathing Exercise to Fall Asleep

Simple breathing to soften Once you’ve settled into bed, try a simple breathing exercise to relax. The four-seven-eight breathing technique...

Lifestyle60 mins ago

Why Crystal Therapy Serums and Mats Are Fun

Goop beauty editors Jean Godfrey-June and Megan O’Neill love asking and answering questions. On their podcast, The Beauty Closet, they...

Lifestyle1 hour ago

What are therapeutic repairs? | Goop

Therapeutic reparations are about providing therapy to black, brown and indigenous people, since racial trauma is inherent in the black,...

Lifestyle1 hour ago

The 7 best vegetables and how to cook them

In association with our friends from Willo Green leafy vegetables are dietary powerhouses. They can provide vitamins, minerals, antioxidants and...

Lifestyle1 hour ago

Music therapy and aging | Goop

Most of us have experienced the power of music to connect people, be it at a concert or karaoke night....

Lifestyle3 hours ago

Riley Reed’s Sunday night routine will inspire yours

“I didn’t always know what I wanted to do with my voice, I just knew I had to do something.”...

Lifestyle3 hours ago

25 simple ways to cheer up your partner when he’s upset

We’ve all been through it: you have a bad day at work, or you feel a little bad, maybe you...

Lifestyle3 hours ago

20 ideas on how to celebrate the summer solstice and sunbathe

I’ve always been a summer girl. It’s not cozy like fall, alive like winter, or hopeful like spring. Summer stands...

Lifestyle1 day ago

32 cute summer date ideas for every type of couple

A big date is always in style, but there is something about the summer that makes planning a meeting even...

Lifestyle2 days ago

15 naturally sweetened desserts for when you’re cutting back on sugar

About a year ago, I realized (or just came out of denial …) that I needed to do something about...

Lifestyle2 days ago

What are carbohydrates? Are they really the enemy? Let’s find out

Editor’s note: McKel Hill, MS, RDN, LDN is a dietitian and founder of Nutrition stripped away. Over the years, I...

Lifestyle2 days ago

Pea salad with mint and microgreens

** This recipe is from our Tastemakers interview with Kennesha Buycks. Read the full story here! ** The Pea Salad...

Lifestyle2 days ago

Roasted Mushrooms with Thyme and Smoked Salt

** This recipe is from our Tastemakers interview with Kennesha Buycks. Read the full story here! ** The post Roasted...

Lifestyle2 days ago

Roasted Mushrooms with Thyme and Smoked Salt

** This recipe is from our Tastemakers interview with Kennesha Buycks. Read the full story here! ** The post Roasted...