Rakesh Jhunjhunwala says stock market to return under 30% in 2019 : Bulletin: Business Today
Business Today

Rakesh Jhunjhunwala says stock market to return under 30% in 2019

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May 22, 2019

ISRO launches earth observation satellite RISAT-2B

In a pre-dawn launch on Wednesday, Indian space agency ISRO scripted history by successfully launching earth observation satellite RISAT-2B that would enhance the country's surveillance capabilities among others. As the 25-hour countdown which began Tuesday concluded, the agency's trusted workhorse Polar Satellite Launch Vehicle (PSLV-C46) blasted off at 5.30 am from the first launch pad of the Satish Dhawan Space Centre here on its 48th mission, carrying the 615 kg satellite.

Hiring activity sees 16% growth in April, says report

Hiring activity grew by 16 per cent in April compared to a year-ago period, mainly led by the IT industry that registered a 39 per cent growth, according to a report by Naukri JobSpeak Index. In terms of experience, demand for entry-level jobs with an experience of 0-3 years witnessed a rise of 18 per cent, whereas recruitment for mid-level executives with experience of 4-7 years rose by 17 per cent.

US underestimates our capabilities, says Huawei founder as trade restriction eases

The U.S. government has temporarily eased trade restrictions imposed last week on China's Huawei, in order to minimize disruption for its customers but dismissed by its founder who said the tech firm had prepared for U.S. action. The U.S. Commerce Department will allow Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets. Huawei founder Ren Zhengfei on Tuesday said the temporary reprieve move bore little meaning for the company as it had been making preparations for such a scenario.

Rakesh Jhunjhunwala says Modi-led NDA will win over 300 seats; stock market to return under 30% in 2019

Billionaire investor Rakesh Jhujhunwala has said Prime Minister Narendra Modi-led NDA would get 300-310 seats in the Lok Sabha elections 2019 but maintained the stock market might not give more than 30 per cent in 2019. In a big surprise to Opposition parties in the country, a majority of exit poll surveys predicted a clear victory for the BJP-led National Democratic Alliance (NDA).

Anil Ambani to withdraw defamation suits against Cong, Herald

Billionaire Anil Ambani's Reliance Group Tuesday said it has decided to withdraw the Rs 5,000 crore civil defamation suits filed against Congress leaders and National Herald newspaper, saying it believes their statements and article on the Rafale fighter jet deal were made for political purposes in the run up to the general elections.The suits were filed in an Ahmedabad court

Indian millennials, Gen Z optimistic about economic, social outlook

Even as millennials and Gen Z are disillusioned with traditional institutions and social progress, Indians are very optimistic about the economic and social outlook and are overall satisfied with their lives, according to a survey. Deloitte's 8th annual Millennial Survey showed that Indian millennials and Gen Z are among the most optimistic. About 59 per cent of millennials and 57 per cent of Gen Z in India expect the country's economic outlook to improve in the next 12 months.

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