Several new-age stocks have witnessed sharp selling in the first half of January, as the stock market goes through correction amid global uncertainties.
This list includes stocks of new-age companies like FirstCry and MobiKwik which fell more than 20 per cent.
Mother and childcare e-commerce platform FirstCry’s stock has fallen by 24.82 per cent since the beginning of this year to date. Currently, the stock is trading at Rs 489.
Fintech major MobiKwik’s share price fell by 23.07 per cent to Rs 456. MobiKwik was listed in December 2024. After listing, the stock saw a big rally. Currently, it is trading at Rs 698.30 per share.
Insurance distribution provider PB Fintech’s stock has fallen 18.71 per cent between January 1 and January 17 and is trading at Rs 1724.
Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, saw its stock decline by 20.63 per cent to Rs 142 so far this month.
IANS
Food delivery and quick commerce service providers Zomato and Swiggy’s stock declined by 10.38 per cent and 12.75 per cent, respectively, to Rs 247 and Rs 473 apiece.
Apart from this, the stock of new-age insurance company Go Digit General Insurance has fallen by 11.76 per cent to Rs 288 since the beginning of January.
The stock of the leading fintech company Paytm also fell more than 9 per cent since the beginning of January and is currently trading at Rs 897 apiece.
The market has also seen a decline since the beginning of January. During this period, the Sensex fell by 2.42 per cent and the Nifty by 2.30 per cent.
According to market experts, the reason for the decline is global instability due to tariff threats by US President-elect Donald Trump, the high valuation of the Indian stock market, and the third quarter results of FY 2024-25 are expected to be weak.
As we kick off the new year, many of us start to think about our personal goals for 2025. Whether making New Year’s resolutions or just taking stock of progress on a personal journey, efforts to improve physical and mental well-being are frequently a top priority. Common wellness resolutions include plans to work out or meditate in the mornings, walk 10,000 steps daily, create a new sleep routine or train for a 5K on the weekends.
Work-related challenges are barriers to personal well-being
However, if you struggle to balance your personal goals with your workplace responsibilities, you are not alone. According to Deloitte, most employees (83%) and executives (74%) say they’re facing work-related obstacles when it comes to achieving their well-being goals. They cite a heavy workload or stressful job (30%) and limited time due to long work hours (27%) as the top two challenges. Considering that many of us spend nearly a quarter of our week at work, it is not surprising that our workday experience has a big impact on our personal wellness journey. For those working even longer hours like many banking and insurance employees, the time crunch can be even more significant.
Most of us are not taking full advantage of workplace wellness benefits
Companies are realizing this too. Investments in employee wellness programs have grown over the past decade. In industries like financial services, where some of the workforce challenges are well documented and employee retention is a key priority, there is likely support for your personal wellness journey included in your benefits package. However, research also shows that many of us are not fully taking advantage of these offerings. According to Gartner, Inc., although 80% of employees have access to fitness well-being offerings, only 32% use them.
Workplace wellness tips for the new year
This year can be different. As you think about your resolutions for 2025, review your workplace benefits and see if they can help you reach your goals. Maximizing wellness support through work and extending healthy habits into the workday are great ways to enhance your health journey.
Here are some quick workplace wellness tips to consider as we head into a new year:
Set personal wellness goals: Think about personal health and wellness goals and identify habits that can support them both at home and at work. For example, if getting more physical movement into your day is important but your position requires long hours in front of a computer or on the road driving to client sites, perhaps there is a way to spend part of your day at a standing desk or to take a short walk break during lunch.
Leverage available resources: Review workplace benefits and see where they might align with wellness goals and associated habits. Many banking and insurance companies are creating more holistic wellness programs that include everything from fitness stipends to free counseling services and flexible work options. As organizations work to expand their portfolio or wellness benefits to help employees manage the stress that can accompany the often demanding financial services environment, there will likely be something for everyone.
Track your progress: For many of us, it can be highly motivating to see our progress against goals and celebrate big and small achievements throughout our journey. Wearables can help you track and identify trends in the habits you identify as important. In fact, according to Deloitte’s Connected Consumer Survey, 69% percent of those who own smartwatches and fitness trackers say the devices improve their fitness, and 64% say they improve their health. Check to see if your company provides a fitness reimbursement to purchase new technology, such as a smart watch or fitness ring, or replace an outdated one.
Participate actively: Consistency is essential. Regular participation maximizes benefits, whether attending workshops, participating in team fitness challenges or taking advantage of counseling services. Connecting with those who face the same workplace rigors is a great way to uncover new ways to balance your personal wellness goals with the realities of the workday. For example, team step challenges can bring together remote claims adjuster teams through motivating group chats and a virtual monthly awards celebration.
Integrate wellness into daily work routine: Within company policies, build in short daily wellness breaks to walk, stretch or meditate throughout the day. For instance, use your wearable device or mobile phone to set reminders to take a short stroll around the office or practice a few minutes of mindfulness.
Whatever your goals are for 2025, don’t leave your workplace benefits on the table. By being proactive, consistent and engaged in the programs your company offers, you can maximize the value of your employee wellness program to make your New Year’s resolutions a reality and improve your well-being in the bank branch, on the road and at home.
To learn more about Samsung wellness solutions, start here.
Good News for central government employees, now LTC facility will be available in Tejas and Vande Bharat
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The government has made it more convenient by allowing travel in Tejas Express, Vande Bharat Express, and Humsafar Express trains under LTC. LTC (Leave Travel Concession) is an important scheme for central government employees, under which they get the facility of concessional travel to their hometown or any part of India once in four years.
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The Centre has allowed its employees to travel by Tejas, Vande Bharat and Humsafar trains under Leave Travel Concession (LTC). The move comes after the Department of Personnel and Training (DoPT) received several suggestions from various offices/individuals regarding the admissibility of various premium trains under LTC.
The Department has looked into the matter in consultation with the Department of Expenditure and it has been decided that in addition to the existing Rajdhani, Shatabdi and Duronto trains, travel in Tejas Express, Vande Bharat Express and Humsafar Express trains will now be allowed under LTC as per the eligibility of government employees, the DoPT said in an order issued on Tuesday.
Eligible central government employees availing LTC get back the expenses incurred by them on tickets for other journeys in addition to paid leave.
What is LTC service and how are the facilities
LTC (Leave Travel Concession) is an important scheme for the Central Government employees, under which they get the facility of concessional travel to their hometown or any part of India once in four years. This scheme provides an opportunity to the employees to spend time with their family through travel and enjoy the beauty of different parts of the country.
Recently, the government has made it more convenient by allowing travel in Tejas Express, Vande Bharat Express, and Humsafar Express trains under LTC. Along with this, taking a big decision in 2024, the special scheme for travel to Jammu and Kashmir, Ladakh, Andaman and Nicobar Islands, and Northeast region has been extended till 25 September 2026.
This initiative is not only beneficial for the employees but is also helpful in promoting tourism in the country. This scheme gives the employees an affordable and comfortable travel experience and improves their quality of life.
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Each New Year, prioritizing one’s health ranks among the most popular resolutions. As we enter 2025, many are expanding their focus beyond physical fitness. This year, boosting financial fitness is becoming equally as important, with more people aiming to improve their financial well-being alongside their health goals.
Consumers need more support to tackle their financial stress. Banks can provide this support through a range of products and services that build financial literacy and put their customers on the path to improved financial wellness in the New Year.
Why financial wellness matters now more than ever
Achieving financial wellness feels elusive for many people today for several reasons.
Bank of America research indicates about 50% of consumers have used a credit card to cover an emergency expense they otherwise couldn’t afford, while 3 in 5 consumers have less than $10,000 in liquid savings.
Current generations also may be falling behind. Gen Z, the oldest of whom are in their late 20s, focuses more on paying for current experiences than saving for the future. Today, only half of all children will earn more than their parents did. In 1940, 90% of children surpassed the economic success of their parents.
These trends indicate people may require more help throughout their financial journey. Consumers need trusted sources who empower them with knowledge to make more informed financial decisions. Many people’s financial journey often starts when they open a bank account or get their first debit card, so banks are well-positioned to offer guidance that improves their financial well-being.
Prioritizing customers’ financial wellness also benefits banks. Offering tools that address financial well-being can help build loyalty, reduce churn and boost lifetime value. Customers will be more likely to entrust the same bank to meet their future financial needs, such as getting a home or business loan or opening a college savings plan.
By providing tailored financial solutions, banks can reduce barriers to financial wellness for their customers today and generate long-term value that pays dividends for their business in the coming years.
Empowering customers with better financial wellness tools
Banks can offer a range of financial tools that address customers’ financial stress, including:
Digital tools
Mobile technology has become deeply embedded in daily life across all generations. Banks can provide integrated tools in their mobile banking apps that deliver personalized budgeting and investment advice based on a customer’s transaction history, profile and long-term financial goals. These digital tools can incorporate real-time insights and built-in tracking mechanisms that help customers chart their progress and make informed financial decisions that move them closer to achieving financial wellness.
For younger generations, mobile platforms can provide learning resources and gamified savings programs, while older generations can benefit from user-friendly apps that help simplify banking, bill payments and investment or expense tracking. This accessibility helps bridge gaps in financial literacy, offering tailored solutions for individuals at every stage of life.
Financial literacy programs
Mobile technology has revolutionized financial literacy programs by making them more accessible and interactive. Through apps, online courses and digital tools, individuals can learn about budgeting, saving, investing and managing debt at their own pace, anytime and anywhere. Banks can use these digital tools to help consumers navigate challenging financial situations by offering on-demand webinars, newsletters and personalized emails. They can also partner with accredited organizations to offer financial counseling sessions.
These resources can help customers learn about different financial topics, such as understanding their credit score, managing debt, or the difference between an individual retirement account (IRA) and 401(k). Banks can also offer education on savings plans such as tiered matching programs, where the percentage of matched contributions increases as customers save more consistently, or automated roundups that help customers save with little effort and gradually build their emergency fund or savings account for a future purchase, such as buying their first home.
The path to better financial health
Achieving financial wellness is both a journey and a destination. Many people struggle because they don’t have the right tools, resources or guidance to navigate this journey effectively. However, banks can step in to help fill this gap and provide financial education, digital tools, relevant products and services, and meaningful insights to help consumers attain financial peace that contributes to a healthier mind, body and spirit.
Learn more about the financial services industry and how Samsung solutions can help transform your business. Sign up for our newsletter, INSIGHTS: Banking, a monthly update from Samsung on banking and insurance trends and technology’s role in the financial services industry.
Paytm: During the grand Mahakumbh fair going on in Prayagraj, Paytm has launched a new soundbox and QR code system to make digital payments easier. Paytm has said that it has launched ‘Grand Mahakumbh QR’ during the Mahakumbh, which will facilitate traders and devotees in making payments. Now apart from UPI and UPI Lite, payments can also be made through credit card and RuPay card.
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Paytm has provided soundboxes and card machines at the Maha Kumbh Mela, which can be used to pay for parking, food and other facilities. Also, devotees can now link their RuPay credit card to the Paytm app and make payments directly through the phone.
All the companies are participating in Maha Kumbh with great enthusiasm
A company spokesperson said, “Mahakumbh is a wonderful event that brings together millions of people connected by faith and devotion. The support we have received from the merchants and people of the city for adopting digital payments inspires us to be a part of this event.”
Along with Paytm, other startups and tech platforms are also trying to benefit from their participation in this Maha Kumbh Mela event. At the same time, innovations related to travel and spiritual apps are trying to provide a better experience to the devotees.
Beginning of Maha Kumbha
The Maha Kumbh Mela in Prayagraj has started today. The first bath of the Maha Kumbh was taken on January 13 on Paush Purnima. People from the country and abroad reached the Triveni Sangam for the royal bath. More than 450 million people are expected to attend this 45-day long Maha Yojna.
Ahmedabad, September 13, 2024: Arena Animation, one of India’s leading animation institutes in the country, is delighted to announce the successful conclusion of ”New Age Careers for New India: PERSPECTIVE Tour 2024’ for the youth in Ahmedabad. The seminar was held on September 11, 2024, Thakorbhai Desai Hall, Ahmedabad. This vibrant platform drew together luminaries from the media and entertainment industry to share their invaluable experiences and insights into the creation of captivating creative works. The event was attended by an over 500+ young aspirants and professionals across the city eager to learn and grow in this creative field, sparking an engaging exchange of ideas.
‘Perspectives’ provides a unique opportunity for participants to gain an insider’s view of the industry, marking a crucial moment for aspiring students. The event, known for attracting passionate participants year after year, hosted numerous students this year as well, who were interested in exploring careers in animation, VFX, multimedia, gaming and web design. Attendees were offered a series of thought-provoking sessions led by distinguished key opinion leaders alongside an insightful dive into the intricate processes behind top-tier animation, visual effects and filmmaking.
Distinguished industry experts, including Dr. Rajeev Rastogi Founder & MD, White Apple LLP & Mr. Bharat Rai De Head of Studio, MIDAS VFX (INDIA) inspired attendees with their invaluable industry insights and in-depth technical knowledge.
Dr. Rajeev Rastogi from White Apple LLP delivered a compelling session on “Making Aspirants Industry-Ready in the World of Visual Effects, Animation, and Technology”.
Mr. Bharat Rai De from MIDAS VFX (India) offered an intriguing perspective on the VFX industry.
The event received an overwhelming response from the attendees, who praised the depth and relevance of the presentations. The discussions highlighted the transformative impact of emerging technologies and offered actionable insights for students and young professionals.
Mr. Sandip Weling, Chief Business Officer – Retail Business, Aptech Limited. ”We are thrilled with the success of ‘New Age Careers for New India: PERSPECTIVES Tour 2024’. The event has truly set a benchmark on how we engage and envision the future of careers in India. I trust that the participation of key opinion leaders and the thought-provoking discussions and insights has immensely benefitted the aspirants keen to pursue new-age careers. Arena Animation is committed to equipping students with new-age skillsets and we urge the young aspirants/ prospects to walk-in to our centres to explore their talent and unleash their creative potential.”
As the consumer increasingly gravitates towards superheroes and formidable creatures, India’s AVGC sector has witnessed unparalleled growth rates in recent years. According to the 24th annual Global Entertainment & Media Outlook 2023-2027 by PWC across 13 sectors in 53 territories, India’s Media & Entertainment industry is projected to grow at a 9.7% CAGR, reaching US$73.6 billion by 2027. This surge has attracted numerous international players seeking to tap into India’s talent pool for offshore service delivery.
With a legacy spanning over 25 years, Arena Animation stands as a testament to excellence, fortified by strategic alliances, stellar faculty, and cutting-edge technological tools. The mission remains clear – to equip youth with industry-relevant skills and hone their creativity, build resilience, and encourage teamwork, enabling them to succeed in the workplace where they will have to meet deadlines, deliver presentations, and network with industry peers. Arena Animations remains committed in cultivating a pool of highly employable and successful professionals, ready to make their mark in the dynamic world of media and entertainment.
Direct Tax Collection: Finance Minister Nirmala Sitharaman is going to present the budget on July 23. Before that, the tax collection figures have filled the government treasury…
The central government has received great good news before the full budget for the financial year 2024-25. Actually, the government is earning a lot from direct tax and so far this year, it has seen a growth of more than 24 percent. This has been revealed by the latest data.
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The figure reached close to Rs 5.75 lakh crore
According to the latest data released by the Central Board of Direct Taxes (CBDT) on Friday, the net direct tax collection has increased by 24.07 percent so far this year to Rs 5.74 lakh crore. This figure is till July 11, 2024. In the same period a year ago, the government had earned Rs 4.80 lakh crore from direct tax.
According to CBDT data, corporate tax has contributed Rs 2.1 lakh crore to this figure of net collection of direct tax. On the other hand, personal income tax has contributed Rs 3.46 lakh crore to the total collection. The personal income tax collection figure also includes the income from securities transaction tax i.e. STT.
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This much was earned in the month of June
The government earned more than Rs 4.50 lakh crore from tax collection in the month of June alone. CBDT figures show that in the month of June, the government got a total of Rs 4.62 lakh crore from the collection of direct taxes. This figure is 20.99 percent more than the income from direct taxes in June 2023. The collections made during the month of June include corporate tax of Rs 1.8 lakh crore and personal income tax of Rs 2.81 lakh crore.
The figure had increased so much last year
Direct tax collection had given great relief to the government during the last financial year as well. During the entire financial year 2023-24, the government’s direct tax collection grew by 17.7 percent on an annual basis and the total figure stood at Rs 19.58 lakh crore. During the last financial year, the contribution of personal income tax was significant in this increase. The contribution of personal income tax in the total collection increased to 53.3 percent, while the contribution of corporate tax decreased to 46.5 percent.
The budget is going to come after a week and a half
This tax collection figure has come at a time when the government is going to present a new budget after about a week and a half from now. The new session of Parliament is starting from July 22 and on the second day of the session i.e. on July 23, Finance Minister Nirmala Sitharaman is going to present the full budget for the financial year 2024-25.
Tata Consultancy Services (TCS) linked the attendance of employees to variable pay under the new policy. After this, about 70 percent of the company’s employees have returned to the office.
Milind Lakkad, Chief HR Officer of the company, says that this measure is a temporary step and should be seen as such. In April 2024, TCS linked the quarterly variable payout of employees to their attendance in the office.
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Those with less than 60 percent attendance will not be eligible for quarterly bonus. Earlier, TCS had made it mandatory for employees to work from office 5 days a week by ending work from home.
Minimum 85% attendance is required in the office
Under the new policy, employees must have a minimum of 85 percent attendance in the office to receive full quarterly variable pay. Also, disciplinary action can be taken if this is not followed consistently. Employees with 75-85 percent attendance will get 75 percent of their variable pay, while employees with 60-75 percent attendance will get only 50 percent of their variable pay.
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Under the new policy, employees must have a minimum of 85 percent attendance in the office to receive full quarterly variable pay. Also, disciplinary action can be taken if this is not followed consistently. Employees with 75-85 percent attendance will get 75 percent of their variable pay, while employees with 60-75 percent attendance will get only 50 percent of their variable pay.
The number of people coming to the office is increasing every week
After releasing TCS’ April-June 2024 quarter financial results, Lakkad said, “Today, about 70 percent of our employees are back in the office. I am not very worried about how many people are not coming to the office and getting affected by it. I would say this number is increasing every week.” Lakkad further said that some are coming to the office for the first time as they were associated with the company during the pandemic. Everyone has to look at it positively.
Justice Tashi Rabstan, a judge of the Jammu and Kashmir High Court, has been recommended to be the Chief Justice of the Meghalaya High Court. The current Chief Justice Vaidyanathan is retiring on August 16.
The Supreme Court Collegium has recommended the appointment of new Chief Justices in 8 different High Courts of the country. The Collegium headed by Chief Justice DY Chandrachud has recommended the names of Chief Justices for Delhi, Jharkhand, Himachal Pradesh, Jammu and Kashmir and Ladakh, Madhya Pradesh, Kerala, Meghalaya and Madras High Courts. The way for their appointment will be cleared as soon as the approval is received from the central government.
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The resolution was passed by the collegium comprising Chief Justice of India DY Chandrachud, Justice Sanjiv Khanna and Justice BR Gavai.
These 8 High Courts will get Chief Justices
According to the report of Live Law, Justice Manmohan has been proposed to be made the Chief Justice of Delhi High Court. He is currently the Acting Chief Justice of Delhi High Court.
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Justice M S Ramachandra Rao is proposed to be transferred as Chief Justice of Jharkhand High Court upon retirement of the present Chief Justice Dr B R Sarangi on 19.7.2024. He is presently the Chief Justice of Himachal Pradesh High Court.
Delhi High Court judge Justice Rajiv Shakdhar has been recommended to be made the Chief Justice of Himachal Pradesh High Court.
Another judge of the Delhi High Court, Justice Suresh Kait, has been recommended as the Chief Justice of Jammu and Kashmir and Ladakh High Court.
Justice Gurmeet Singh Sandhawalia, judge of the Punjab and Haryana High Court, has been recommended as the Chief Justice of Madhya Pradesh High Court.
Bombay High Court judge Justice Nitin Jamdar has been recommended by the Collegium to be appointed as the Chief Justice of Kerala High Court.
Justice Tashi Rabstan, a judge of the Jammu and Kashmir High Court, has been recommended to be the Chief Justice of the Meghalaya High Court. The current Chief Justice Vaidyanathan is retiring on August 16.
Justice K R Sriram has been recommended to be the Chief Justice of Madras High Court. He is currently working as a judge of the Bombay High Court.
India equity benchmarks are trading at record highs on Friday following buying in the IT stocks.
Sensex and Nifty both made new all-time highs of 80,893 and 24,592 respectively.
At 12.50 a.m., Sensex was at 80,482, up 585 points or 0.73 per cent, and Nifty was up 172 points or 0.71 per cent, at 24,488.
Midcap stocks are underperforming compared to large caps. Nifty midcap 100 index is down 70 points or 0.12 per cent, at 57,077. While Nifty smallcap 100 index is up 54 points or 0.29 per cent, at 18,974.
IANS
Among the sectoral indices, Nifty IT is at 38,985 with a gain of 4.44 per cent. Apart from this, there is also a rise in media, fin service, service sector, and private bank indices.
In the Sensex pack, TCS (6.5 per cent), Wipro (4.75 per cent), Infosys (3.39 per cent), Tech Mahindra (3.17 per cent) and HCL Tech (3.08 per cent) are the top gainers. NTPC, Maruti Suzuki, UltraTech Cement, Kotak Mahindra Bank, Asian Paints and Sun Pharma are the top losers with a fall of about half a per cent each.
The country’s largest IT company Tata Consultancy Services (TCS) released the results of Q1 FY 25 on Thursday. The company’s profit has increased to Rs 12,040 crore on an annual basis. Between April and June, IT major’s income increased by 5.4 per cent on a YoY (year on year) basis to Rs 62,613 crore. The company had also declared an interim dividend of Rs 10 per share to investors.
Shrey Jain Founder and CEO of SAS Online said, “Overall, the market is demonstrating strong resilience, with investors eagerly buying on price dips. Today’s market movements will be influenced by the US inflation data released yesterday.”
Ahmedabad, September 13, 2024: Arena Animation, one of India’s leading animation institutes in the country, is delighted to announce the successful conclusion of ”New Age Careers for New India: PERSPECTIVE Tour 2024’ for the youth in Ahmedabad. The seminar was held on September 11, 2024, Thakorbhai Desai Hall, Ahmedabad. This vibrant platform drew together luminaries from the media and entertainment industry to share their invaluable experiences and insights into the creation of captivating creative works. The event was attended by an over 500+ young aspirants and professionals across the city eager to learn and grow in this creative field, sparking an engaging exchange of ideas.
