The Economic Times

Geneva: A horse-drawn carriage carrying tourists ran out of control in a Swiss resort killing one person and injuring 12, police said Sunday.About 40 people were on two carriages in woods in Val Roseg, near the border with Italy, on Saturday when the driver lost control, police said. A 73-year-old woman was killed and two of the injured were in serious condition.Also Read: Four Antonello da Messina artworks stolen in Renaissance painter's hometownOn a sloping stretch of the route, the driver rea

Geraldine Weiss built a disciplined value-investing strategy around buying financially strong blue-chip companies when their dividend yields rose above historical norms. Her approach combined reliable dividend growth, reasonable valuations, moderate debt and patience to generate income and identify undervalued stocks.

Six food companies have corrected misleading labels and trademarks after FSSAI notices. Livyor Ventures Pvt Ltd withdrew its 'vegan and healthy' claims on edamame beans. Honest Innovations For You Pvt Ltd and Heliostone Specialities Pvt Ltd revised their trademarks. Rajasthan Agro and General Industries removed all misleading claims and stopped PPM usage. Iota Nanotechnology Pvt Ltd removed claims and stopped non-standardized water production.

Sensex and Nifty ended last week lower amid range-bound trading, with broader markets also under pressure. Analysts identified four key factors that could drive Dalal Street this week, placing Nifty support at 24,200-24,230 and resistance at 24,500-24,550.

Shah Rukh Khan, Madhuri Dixit and Sachin Tendulkar are among investors in Purple Style Labs, the parent of Pernias Pop-Up Shop, which is gearing up for a 660 crore IPO by August-end. The company has received Sebi approval and has expanded from an online platform into physical retail, with 14 Experience Centres across India and London.

New South Wales Premier Chris Minns will lead an official delegation to New Delhi and Mumbai from August 31 to September 3 to deepen trade, investment, education and cultural ties with India. The visit will focus on sectors including clean energy, critical minerals, technology, tourism, agri-food and advanced industries.

Bangladesh said Prime Minister Tarique Rahman will not visit India until New Delhi extradites former premier Sheikh Hasina. Dhaka said a suitable environment for the visit depends on progress over its extradition request, which India says remains under examination.

Berkshire Hathaway's successor Greg Abel is deploying its large cash reserves. The firm recently bought back shares and invested heavily in equities. Alphabet stock saw a significant purchase, becoming a major holding. Berkshire's cash pile decreased after these strategic acquisitions. The company reported strong quarterly operating profit and net income increases.

Bangladesh and India are discussing a potential visit by Prime Minister Tarique Rahman. This visit's scheduling is affected by a recent press event involving Sheikh Hasina. Dhaka has formally requested India's action on extradition requests for Hasina. India clarified its non-involvement in the private media event. Bilateral relations will continue to be guided by sovereign equality and mutual benefit.

Ukraine launched one of its largest drone attacks on Russia, with Moscow saying it destroyed 822 drones. At least six people were killed in Russia, while separate Russian strikes on Ukraine killed three people and injured several others.

After the retreat of Russian forces from Latvia, a concealed Soviet-era radio telescope came to light. Astronomer Juris Zhagars dedicated his efforts to repairing the damaged equipment for research purposes. Alongside his wife, he revitalized a forsaken structure within the old military zone. Now, this telescope supports international scientific initiatives, focusing on terrestrial measurements and astronomical exploration, thriving as a modernized radio astronomy hub.

Rakesh Jhunjhunwala, the legendary

India's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared foreign assets and income into the tax net. Taxpayers with undisclosed foreign income up to one crore rupees can declare it.

Last week witnessed a drastic shift in the market, with five leading Indian firms losing a collective Rs 1 lakh crore in valuation. Tata Consultancy Services faced the brunt, seeing its market cap plummet the most. In contrast, five other companies thrived, experiencing notable valuation gains. Despite this volatility, Reliance Industries sustained its position as the most valuable domestic entity amidst the overarching bearish trend in equities.

Nine Sensex stocks offer a potential upside of 20% to 41% over the next 12 months, based on average analyst targets compiled by Trendlyne. HDFC Bank leads the list, followed by Axis Bank, Reliance Industries and NTPC.

Veteran Bengali filmmaker Raja Sen, best known for his National Award-winning debut film Damu, died at 71 at SSKM Hospital in Kolkata on Sunday after prolonged illness. Sen, who worked across Bengali cinema, television and documentaries for decades, had been undergoing treatment for multiple complications involving his lungs, heart and kidneys.

Russia has introduced a new multiple-entry talent visa for highly skilled foreign nationals, offering an easier route to temporary and permanent residence, according to a report by Fragomen.The visa is open to talent in fields including science, creative industries and sports, as well as graduates of top universities, professionals with rare skills and entrepreneurs who can contribute to Russias technological development.Also Read: Landing your first job is getting more expensive in the UKApplic

Mutual funds raised their cash holdings by Rs 7,856 crore to Rs 1.90 lakh crore in July, recovering from a 19-month low in June. PPFAS held the most cash at Rs 25,291 crore, followed by SBI and HDFC Mutual Fund.

The finance ministry has asked ministries and departments to adopt the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI) for price escalation clauses in future government contracts once PPI becomes available. The move follows the launch of monthly PPI data and aligns with international practices and IMF recommendations.

India must treat maritime insecurity as a long-term trade risk as the Red Sea crisis crosses 1,000 days, GTRI said. Longer shipping routes have raised freight, insurance and working-capital costs, particularly hurting MSME exporters trading with Europe and the US.

India could reach a $20 trillion economy by 2036 with reforms. This requires sustained rupee growth and appreciation, according to a research report. Services will become the principal engine of economic expansion, growing significantly. Proposed reforms span multiple sectors, including capital markets and human capital. Successful execution across many fronts will determine achieving this ambitious economic milestone.

In the upcoming week, nearly one hundred companies have announced record dates for dividends, making it crucial for investors to hold shares prior to these dates for eligibility in corporate actions. Notably, companies like Bandhan Bank and LIC Housing Finance are part of this corporate movement, which includes dividend payments, bonus issues, and stock splits, reflecting significant adjustments across the market.

AI has raised the stakes of taking your first step up the career ladder - and made it tougher and costlier than ever. Georgie Blackburn, a Gloucestershire-based career coach, is one of the few beneficiaries. In a two-decade career advising everyone from senior executives to military leavers, she says most of her clients today are young people fresh out of university, up from just one in 10 two years ago. I have seen it as a growth area for my business, said Blackburn, whose early-careers service

A parliamentary committee highlighted a significant 43 percent vacancy rate within DIPAM. This shortage severely impacts the department's ability to manage public assets. The committee urged the finance ministry to form a task force for filling vacant positions. DIPAM oversees public assets valued at over Rs 42.76 lakh crore. The ministry is also developing a roadmap for CPSE REITs.

Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals.

Indian equities are likely to remain range-bound in the week of August 1721, with elevated crude prices, global uncertainty and shifting US Fed expectations keeping investors cautious. Sensex fell around 500 points and Nifty 205 points last week, while broader markets declined further. Analysts highlight four key factors that could drive Dalal Streets direction this week, including crude prices, global cues, inflation risks and geopolitical developments.

Anticipation is high in the primary market as six firms prepare to launch IPOs this week, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart. With an increase in public issues, these companies aim to secure funds for growth and development. Following several recent market activities, this wave of IPOs could significantly enhance the total listings for the year.

Mutual funds reduced their exposure to several small-cap stocks in July, with Amara Raja Enterprises witnessing the highest net selling. Welspun Corporation, NBCC, IIFL Finance and Physicswallah were the other major names on the list, according to Motilal Oswal Financial Services. Monthly shareholding changes ranged from a 10.5% decline to an 8.5% increase.

US President Donald Trump has repeatedly blamed predecessors and others for economic, foreign-policy and domestic problems, drawing scrutiny over his approach to presidential accountability. The issue is gaining attention as Republicans prepare to defend their congressional majorities in the November midterm elections.

Indian equities may stay supported by a resilient domestic economy, but future returns are likely to depend more on earnings growth than valuation re-rating, says Pawan Bharaddia of Equitree Capital Advisors. He sees alpha opportunities in select small and microcaps, especially those with a 1,0005,000 crore market cap, while largecaps offer better stability and earnings visibility.

Prime Minister Modi thanked President Herzog for warm wishes on India's Independence Day. He emphasized the value of India's friendship with Israel and strategic partnership. Israeli Prime Minister Netanyahu also extended greetings, calling the friendship boundless. Leaders from Australia, Russia, Maldives, France, and Bhutan sent congratulatory messages. These greetings highlight India's global engagement and commitment to cooperation.

Zinc prices have escalated to their highest levels in years on international markets, fueled by supply interruptions and dwindling stockpiles. The robust industrial need, particularly for galvanized steel, is sustaining these elevated prices. Currently, the global zinc market is experiencing a minor shortfall, a trend likely to endure. Looking ahead, growth in demand remains positive, supported by ongoing urbanization and significant infrastructure projects.

This year, arguably for the first time, restored Indian classics have made it to the top four international film festivalsfrom Cannes to TIFF.

US inflation showed little acceleration in July, reinforcing the Federal Reserve's pause on rate hikes. European economies continued to show resilience, with the UK expanding in June. France also expects to maintain its economic momentum this quarter. Investors favored higher-yield assets in emerging markets.

An Indian oil-tanker captain recounts 75 days stranded with his crew in the Strait of Hormuz during the Iran war. He calls for protected evacuation corridors, enforceable rights to refuse war-zone transit and real-time tracking of seafarers trapped in conflicts.

South Korean troops fired warning shots after North Korean soldiers crossed the military demarcation line. Multiple North Korean soldiers entered the demilitarized zone in the eastern area last week. These soldiers were likely patrolling the area when they crossed the line. No other unusual activity was reported after the North Korean soldiers returned. The two Koreas remain technically at war after their 1950-53 conflict.

Aurovilles pottery community is struggling with higher LPG and wood costs following the Iran war. Potters are rationing kiln firings, changing production methods, raising prices and shifting from tableware to higher-value sculptures as fuel expenses squeeze their businesses.

Food safety officials raided a KFC outlet in Mangaluru following a customer complaint. The inspection led to the sealing of the establishment's go-down and sample collection. Further action will depend on laboratory findings regarding the collected food samples. In a related drive, officials seized expired chicken and meat from hotels in Mysuru. Investigations into these food safety violations are currently ongoing.

Former TMC MLA Ashis Banerjee was found hanging at a party office. Police sources reported the discovery on Sunday morning in Birbhum district. A purported suicide note was also recovered from the party office. The former legislator's body has been sent for a post-mortem examination. Officials are currently investigating the exact circumstances leading to his death.

Japan's MMX mission will blast off soon to collect Martian moon samples. The spacecraft will orbit Mars for three years and land on Phobos. This mission aims to understand Solar System origins and life's emergence. A rival Chinese mission also plans to return Mars samples around 2031. The Japanese mission could also prepare for future human exploration of Mars.

Franklin D. Roosevelt asserted that true happiness arises from our accomplishments and the artistic endeavors we pursue. In a society obsessed with instant rewards, his insights remain crucial. Observing real-life examples reveals that genuine satisfaction stems from personal growth and creativity. Roosevelt guided America through turbulent times, exemplifying resilience and diligence. By valuing effort and imaginative pursuits, individuals can discover deeper joy and fulfillment in their lives.

Mumbai-Ahmedabad Bullet Train: Construction work underway at Bandra Kurla Complex, Surat stations

US CENTCOM Commander Adm Brad Cooper visited six West Asian nations and a US Navy aircraft carrier. He met senior leaders and service members during his ten-day trip. The visit occurred amid ongoing tensions with Iran over the Strait of Hormuz. The USS Abraham Lincoln carrier strike group is returning after an extended deployment. Navy officials emphasized sailor welfare and mission accomplishment during this period.

US President Trump shared a throwback photo with Kim Jong Un, noting their good relationship. North Korea criticized upcoming US-South Korea military exercises as provocative. These joint drills will focus on adapting to evolving North Korean military capabilities. Pyongyang stated that US-Japan-South Korea cooperation is becoming a nuclear alliance.

Indiana floods: Severe storms and flooding have claimed at least five lives in Indiana this week. Dozens of people were rescued from inundated areas while hundreds evacuated their homes. The destructive weather system brought tornadic activity and a widespread wind storm. Governor Mike Braun requested federal aid from President Donald Trump for recovery. A significant cleanup and recovery operation is now anticipated for the affected region.