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Showing posts from March, 2023

Words cannot express my happiness: The Oscar goes to Olivia for "Naatu."

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 The actress who played Olivia Morris in "RRR" claimed that she is so delighted that "Naatu Naatu" won an Oscar that she is at a loss for words. She noted that she first heard the song "just before beginning...15 days of filming for it" and that she was "over the moon," which is an understatement. She said, "I now listen to it with a big degree of pride.

Couple featured in 'The Elephant Whisperers' felicitated by TN CM

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Mahout Bomman and his wife Bellie were featured in the Oscar-winning documentary "The Elephant Whisperers," which Tamil Nadu Chief Minister MK Stalin honoured on Wednesday. Stalin presented each of them with a check for Rs. 1 lakh and a commendation for their commitment to animal care. He also mandated that each of the 91 keepers at the state's elephant camps receive a remuneration of one lakh rupees.

Russia denies shooting down an American drone with a fighter jet.

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 The Russian Defense Ministry stated that a US drone that crashed into the Black Sea was caused by "sharp manoeuvring," and denied that its fighter plane made contact with the drone. The statement said, "The Russian jets did not fire any of their onboard armaments, did not collide with the UAV, and made a safe return to their home airfield.

By 2042, Samsung plans to invest $230 billion in the South Korean chip industry.

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 According to Samsung Electronics, it would spend about 300 trillion won ($230 billion) by 2042 to build the largest chip manufacturing base in the world in South Korea. The initiative is a component of a private sector investment plan worth 550 trillion won that the government revealed on Wednesday. According to reports, South Korea wants to increase supply-chain stability in order to dominate the non-memory chip market.

Leonardo DiCaprio pays $10.5 million for a neighbor's house.

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 At $10 million, Leonardo DiCaprio bought the mid-century modern house next to his Bird Streets property. On the hills above the famous Sunset Strip, the actor now owns one of the largest properties in one of Los Angeles' most affluent communities. The actor has previously bought a neighbor's home, which is considered to be one of the nicest houses in the world, and it has a distinguished past. The home's prior owners, Leonardo's neighbours, and he previously had a dispute over the latter's construction of a basketball court on Leonardo's property. The elderly couple Ron and Joan Linclau allegedly filed a complaint against the Great Gatsby star, accusing him of negligence, according to Dirt(opens in new tab). They asserted that he had significantly

Turkey Floods Kill 5 in Regions Affected by the Earthquake

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 A number of people were removed from a flooded encampment in Sanliurfa where tent-dwelling earthquake survivors were taking refuge. Hospital patients were also evacuated, according to HaberTurk. On February 6, a strong earthquake killed more than 52,000 people, the bulk of them were in Turkey. It also caused damage in several areas of Syria. In Turkey, more than 200,000 structures either fell down or suffered significant damage.

For £1, HSBC purchases Silicon Valley Bank UK.

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 For the bank's UK division, the acquisition made "great strategic sense," according to HSBC Chief Executive Noel Quinn. The action was taken when US authorities took action to protect deposits and stop any further consequences from the parent company's abrupt collapse. According to HSBC, as of March 10, Silicon Valley Bank UK Ltd has deposits of about £6.7 billion and loans of about £5.5 billion.

DeSantis tells Biden to concentrate on China and refers to Russia's attack on Ukraine as a "territorial dispute"

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* The current Russo-Ukrainian war is not vitally important to the United States, according to Florida Governor Ron DeSantis this week. He added that the two countries' "territorial interests" were at stake in the conflict. * According to Florida Governor Ron DeSantis this week, the ongoing Russian-Ukrainian conflict is not critically essential to the United States. He continued by saying that the battle involved the "territorial interests" of the two nations. * Although if the US has many important national interests, one of them does not involve getting further involved in a territorial dispute between Russia and Ukraine. The Telegraph cited DeSantis' statement. * He said, "(The viral American national interests include) safeguarding our borders, addressing the military's readiness crisis, gaining energy security and independence, and containing the Communist Party of China's economic, cultural, and military might. * Yet, a sizable portion of t...

Republicans call Biden's refusal to answer media inquiries about the bank collapse "cowardice."

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 In details  * After reading out his statement on the failure of two big US banks over the weekend on Monday, conservatives and opponents of US President Joe Biden slammed him for ignoring the reporters' questions and leaving. * The President spoke about the unexpected failure of Silicon Valley Bank (SVB) in California and Signature Bank in New York on Friday, but he departed the news conference after five minutes, oblivious to queries from reporters. * What do you now know about why this happened, a reporter enquired? Can you guarantee Americans that a ripple effect won't occur? * Do you anticipate additional banks failing? a another reporter interjected. * Biden, though, abruptly ended the press conference without responding to the query.

What transpired when Signature Bank failed, becoming the second American bank to fail after SVB?

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 In short  * On Sunday, US regulators shut down New York-based Signature Bank, making it the third-largest financial failure in US history. A bridge bank has been established by the Federal Deposit Insurance Corporation (FDIC) to manage the accounts of Signature Bank clients. * In certain ways, Silicon Valley Bank's demise—which regulators seized on March 10—has affected Signature. Its closure highlights the difficulties faced by small and midsize banks, which frequently concentrate on specialised business areas and have a smaller customer base than behemoths like JPMorgan Chase and Bank of America. They are hence particularly susceptible to traditional bank runs. * In a joint statement, the US Treasury Department and other banking authorities guaranteed that "no losses will be borne by the taxpayer" and that all Signature Bank and Silicon Valley Bank depositors would receive full reimbursement. * Being one of the few banks to retain cash from cryptocurrency investors and...

Naatu Naatu WINNS the 2023 Oscar. The RRR song makes history by becoming the first song from an Indian movie to win an award.

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  In the Best Song category, Naatu Naatu from SS Rajamouli's RRR won the Oscar. Applause (Tell It Like a Woman), Hold My Hand (Top Gun Maverick), Raise Me Up (Black Panther Wakanda Forever), and This is a Life were the other contenders in the category that it had to defeat (Everything Everywhere All at Once).  In Short  *RRR by SS Rajamouli made history. *The Oscar for this year was won by Naatu Naatu from RRR. *It won an Oscar Award in the category of Best Song.

Kotak Silver ETF Fund is introduced by Kotak Mutual Fund.

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 The Kotak Silver ETF Fund of Fund, an open-ended fund of fund scheme that invests in units of the Kotak Silver ETF, was just unveiled by Kotak Mutual Fund. The subscription period for the New Fund Offer is already open and will end on March 27. In the past, silver as a commodity had offered safety during times of adversity. For instance, during the most recent war between Russia and Ukraine, silver prices increased by 12% while the Nifty 50 plummeted by 10% (Source: Bloomberg, Statistics as of January 31, 23).

RIL and ICICI are particularly heavily affected, with eight of the top ten companies losing $1.03 trillion in market value.

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 The 30-share BSE Sensex fell 673.84 points, or 1.12%, during the holiday-shortened week due to worries over the size of the US Federal Reserve's upcoming interest rate hike. *Apart for Bharti Airtel and ITC, eight companies saw their market capitalization decline (mcap). *Reliance Industries experienced the largest market valuation decline among the top 10 companies, falling by Rs 41,878.37 crore to Rs 15,71,724.26 crore. *ICICI Bank's market capitalization dropped by Rs 18,134.73 to Rs 5,88,379.98 crore. *The value of State Bank of India fell by Rs 12,360.59 to Rs 4,88,399.39 crore, and that of HDFC Bank fell by Rs 15,007.38 to Rs 8,86,300.20 crore. *The market value of HDFC fell by Rs 6,893.18 billion to Rs 4,77,524.24 billion. *The market capitalization of Tata Consultancy Services (TCS) dropped by Rs 4,281.09 to Rs 12,18,848.31 crore. *Hindustan Unilever's valuation decreased by Rs 1,621.22 crore to Rs 5,78,739.57 crore, while Infosys' valuation decreased by Rs 3,5...

Best Sectoral/Topical shared reserves: Top 5 plans with more than 20% returns in 5 years

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 Late information delivered by the Relationship of Common Finances in India (AMFI) shows that sectoral/topical assets saw a net stream that was most elevated among all value/development situated shared reserve plans. Sectoral finances saw a net progression of Rs 3855.90 crore, which was around 327% more than the net stream in these plans in January 2023. * Top 5 mutual funds are  1. Tata Digital India Fund 2. ICICI Prudential Technology Fund 3. Aditya Birla Sun Life Digital India Fund  4. Quant Infrastructure Fund  5. SBI Technology Opportunities Fund

Silicon Valley Bank greatest US moneylender to come up short beginning around 2008 monetary emergency - a money master makes sense of the effect

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 Silicon Valley Bank, which took special care of the tech business for a long time, imploded on Walk 10, 2023, after the St Nick Clara, California-based moneylender experienced an outdated bank run. State controllers held onto the bank and set aside the Government Installment Protection Partnership its collector.

Best mutual funds to invest in 2023

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 Best mutual funds to invest in 2023  1. Flexi cap - parag parikh flexicap fund  2. Tax saver - Mirae asset tax saver fund  3. small cap - Canara robeco small cap fund  4. Index fund - HDFC sensex S&P BSE sensex  direct plan growth