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NDTV
3 hours ago
- Business
- NDTV
"Rs 700 For Commute?": Employees Slam Bengaluru Bike Taxi Ban, Express Anger
Days after the Karnataka High Court upheld the state government's ban on bike taxi services, the citizens continue to protest against the decision. The ban officially kicked into effect from June 16, leaving thousands of daily commuters without an affordable alternative to beat the gruesome Bengaluru traffic. On social media, the backlash against the decision is palpable, with users venting their anger while others sharing how they were being forced to cough up money beyond their means. "At Rs 700/day for 2 way commute by Auto, that's almost India's per capita income.. Wasn't the zero commission model supposed to reduce prices? How did we end up with surged prices?" wrote one user. At ₹700/day for 2 way commute by Auto, that's almost India's per capita income.. Wasn't zero commission model supposed to reduce prices? How did we end up with surged prices? @Olacabs @Uber_India @nammayatri @rapidobikeapp @ONDC_Official @peakbengaluru #BikeTaxiBan — K V Krishna (@krishnakv_) June 21, 2025 "Bengaluru traffic worsens after bike taxi ban, auto fares are rising since they don't have a competitor now, charging whatever pops onto their minds," added another. Bengaluru traffic worsens after bike taxi ban , auto fares are rising since they don't have a competitor now, charging whatever pops onto their minds, govt should act by seeing consequences rather than making their voters happy!! #BikeTaxiBan #Bengaluru #rapidoban #Rapido #bike — kaytee (@subtletrooth) June 19, 2025 A third commented: "Not even 8am, and #Bengaluru is choked already. Thanks to the #biketaxi ban, had to take an auto. Give me walkable shortest paths to the bus stops, and bike lanes, please. This is no way to create cities." Not even 8am, and #Bengaluru is choked already. Thanks to the #biketaxi ban, had to take an auto. Give me walkable shortest paths to the bus stops, and bike lanes, please. This is no way to create cities. — Sameer Shisodia (@zenx) June 16, 2025 Also Read | "Woman Is Like A Flower": Iran Supreme Leader's Old Posts Are Viral Cheeky workaround? In the aftermath of the ban, some social media users spotted Rapido replacing the banned 'bike taxi' service with a 'bike parcel' service. By booking themselves as a 'parcel' for intra-city couriers, the commuters could traverse the Bengaluru traffic to reach their destination. "The bike taxi ban starts today in the Product Owner at Rapido Bike app has already bypassed the law... can't book a ride? No worries - just parcel yourself to work... Call it: 'PaaS - Passenger as a Service'," an X user called Dhanvi said, with a screenshot of a 'bike parcel' booking. The bike taxi ban starts today in Karnataka. ⁰But the Product Owner at @rapidobikeapp has already bypassed the law 💀 Can't book a ride? ⁰No worries - just parcel yourself to work 📦🛵 Call it: "PaaS - Passenger as a Service" #Bangalore #BikeTaxiBan #GrowthHack #Rapido … — Dhanvi (@Tummala_Dhanvi) June 16, 2025 Notably, the Karnataka HC division bench in its judgment said it would have considered granting a stay on the order if the state had indicated progress in drafting the rules. However, the government stated that it had taken a policy decision not to frame such regulations, leading the court to deny relief to the aggregators. The bench issued notices to the state government and other respondents, setting the next hearing for June 24.
Time of India
a day ago
- Business
- Time of India
Why is the stock market rising today? Sensex gains 800 pts, Nifty tops 25,000; 4 key drivers of the rally
Nifty Bank, Financial Services, Auto, and Metal sectors led the market rally, emerging as top performers. In the broader market, the Nifty Midcap and Smallcap indices rebounded, climbing nearly 0.8% following a steep drop on Thursday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 1. RBI Eases Norms for Project Financing 2) Fed Signals Two Rate Cuts in 2025 3. Weakening Dollar Tired of too many ads? Remove Ads 4. Return of FII Buying Indian benchmark indices Sensex and Nifty rebounded strongly on Friday, snapping a three-day losing streak, led by gains in financials after the Reserve Bank of India ( RBI ) relaxed provisioning norms for project financing. However, escalating tensions in the Middle East could limit further BSE Sensex surged up to 800 points to break above the 82,100 mark, while the Nifty50 reclaimed the 25,000 Bank, Financial Services, Auto, and Metal were among the top-performing sectors, leading the rally. In the broader market, the Nifty Midcap and Smallcap indices also rose nearly 0.8% after Thursday's sharp the market capitalisation of all listed companies on BSE surged by Rs 3.57 lakh crore to Rs 446.37 lakh RBI on Thursday released its final guidelines for project financing, replacing multiple legacy circulars and aligning norms across banks, NBFCs, and co-operative banks."In comparison with the May-2024 draft proposal of 5% standard assets provisioning for under-construction projects, the 1.0%/1.25% provisioning for Infra/CRE projects under the final regulations gives a much-needed breather to project financiers, including REC and PFC," Emkay Global 's analyst Avinash Singh provisioning norms will reduce funding costs for infrastructure and real estate projects, benefiting US Federal Reserve kept interest rates unchanged but maintained its projection of two rate cuts in 2025. While inflation expectations have risen, the central bank's signal of easing monetary policy in the medium term was viewed positively by global expectations of slower GDP growth (1.4%) and higher inflation (3%) in the US next year, the indication of rate cuts offered some relief to equity US dollar index dropped to 98.57, extending a 0.34% decline. A weaker dollar generally boosts emerging market equities like India by attracting foreign capital and supporting the bond markets, the US 10-year Treasury yield was steady at 4.389%, while the 2-year yield slipped by 2 basis points to 3.925%.Foreign institutional investors (FIIs) have turned net buyers, purchasing equities worth Rs 1,824 crore over the last two domestic institutional investors (DIIs) continued their strong buying streak for the 12th consecutive day, investing Rs 2,566 crore—providing additional support to the market.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Express Tribune
3 days ago
- Entertainment
- Express Tribune
Terminally ill Thai boy's final wish to meet viral pygmy hippo Moo Deng fulfilled
A terminally ill Thai boy had his final wish fulfilled when he met viral pygmy hippo Moo Deng at Thailand's Khao Kheow Open Zoo. The six-year-old boy, Nong Auto, had been battling terminal cancer and dreamed of meeting the famous hippo in person. Moo Deng, whose name means "bouncy pork" in Thai, became a social media sensation after her birth in July 2024. Her playful personality and viral photos made her a major attraction at the zoo, drawing double the usual number of visitors. Despite her growth over the past year, Moo Deng remains beloved by fans across Thailand and beyond. In late 2024, Auto's doctors reached out to the zoo to express the boy's wish. The zoo responded with open arms. In January 2025, around Lunar New Year, Auto finally met Moo Deng. Photos from his visit were shared by the zoo's official Instagram on June 2, showing a joyful moment that included not only Moo Deng but also capybaras. Auto even chose a capybara souvenir to take home. The zoo's emotional post described Auto as 'bright, cute, and talkative,' with doctors on hand to care for him during his visit. They added, 'Everyone wanted to do their best for him.' Sadly, the zoo later confirmed that Auto had passed away. 'We didn't think it would be so soon,' they wrote. The post has since received over 15,000 likes, with comments from fans offering condolences and appreciation for the heartwarming gesture. Moo Deng's joyful spirit and Auto's touching story highlight the powerful connection between animals and people, even in life's most difficult moments.
Mint
3 days ago
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 18 June
On Tuesday, Nifty50 declined 0.37%, closing near 24,853 amid broad-based profit-booking and rising geopolitical concerns. Sentiment was dampened by escalating tensions in West Asia following the US's warnings over Tehran, which triggered a spike in crude oil prices. This led to selling pressure in key sectors such as Nifty Pharma, Auto, Metals, Oil and Gas, and Financials. Two stock recommendations by MarketSmith India Nifty 50: How the benchmark index performed on 17 June The Nifty 50 opened on a firm note but quickly slipped into negative territory amid weak investor sentiment. The index remained range-bound within a narrow 170-point band and formed a small bearish candle on the daily chart, closing near the day's low at 24,853, signaling a lack of sustained buying interest. Barring Nifty IT, all major sectoral and broader market indices ended in the red. Consequently, market breadth weakened notably, with the advance-decline ratio skewed sharply in favor of decliners at 1:3. From a technical perspective, the Nifty 50 continues to trade above all its key moving averages, indicating underlying strength. However, the index has been consolidating within a defined range for the past five weeks, reflecting indecisiveness in market direction. As of Tuesday, the daily relative strength index (RSI) remains flat, hovering at 52-53, while the MACD continues to exhibit a negative crossover. This combination signals a waning of momentum and suggests a cautious sentiment may persist in the near term. According to O'Neil's methodology of market direction, the Nifty 50 reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend. The index encountered resistance near 25,000 and closed with a negative bias amid broader market weakness driven by geopolitical tensions. The index failed to sustain above this psychological level, indicating a lack of bullish conviction. For a reversal to gain traction, a decisive breakout above 25,000-25,200 is essential, potentially leading to a rally toward 25,700-25,800. However, continued failure to breach this range may result in sideways consolidation between 24,500 and 25,200, with strong support around 24,500-24,400. How did Nifty Bank perform on Tuesday? On Tuesday, the Bank Nifty faced resistance near 56,000 and extended its downward trajectory, closing approximately 0.41% lower. It formed an inside-range bearish candle on the daily chart, signaling indecision and persistent selling pressure. The broader financial space also remained under pressure, with the FINNIFTY index declining 0.39% and forming a bearish candle, reflecting continued weakness across the sector. Notably, all major constituents within the Banking and Financial segment ended in the red, underscoring broad-based sectoral weakness. From a technical standpoint, the Bank Nifty index breached its 21-DMA and closed below it, indicating a deterioration in short-term trend strength. The relative strength index (RSI) continues to drift lower and is currently positioned around 52, reflecting weakening momentum. Additionally, the MACD remains in a negative crossover on the daily chart, reinforcing the prevailing bearish sentiment and suggesting the potential for further consolidation or downside pressure in the near term. According to O'Neil's methodology of market direction, Bank Nifty has recently transitioned from an 'Uptrend Under Pressure' to a bullish phase of a 'Confirmed Uptrend'. This index closed below its 21-DMA, signaling a shift toward a sideways trend with a negative bias from a short- to medium-term perspective. The immediate support is placed near 55,000, while resistance is aligned at 56,000, with a subsequent hurdle at 57,000. Recent price action indicates a likely continuation of range-bound trading between 55,000 and 57,000 in the near term. A decisive breakout beyond this range will be critical in determining the next directional trend. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
4 days ago
- Business
- Yahoo
Corporate Insight Launches Commercial Insurance Monitor: Comprehensive Analysis of Digital Experience in Commercial P&C Insurance
New Research Service Provides In-Depth Coverage of Digital Capabilities Across Four Key Commercial Insurance Lines from 17 Leading Insurance Carriers NEW YORK, June 17, 2025 /PRNewswire/ -- Corporate Insight (CI), the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of Commercial Insurance Monitor, a comprehensive new research service that tracks the digital experience in commercial property and casualty insurance from both prospect and customer perspectives. "Commercial Insurance Monitor addresses the growing need for competitive intelligence in the rapidly evolving commercial insurance space," says Justin Suter, insurance research manager at CI. "Small business owners increasingly expect streamlined online experiences for their insurance needs. This new research builds on our longstanding personal lines P&C coverage to help insurers create best-in-class digital platforms that attract and retain business owners." The research service tracks four main lines of commercial insurance policy types: Business Owners Policy (BOP) Workers Compensation Commercial Liability Commercial Auto Commercial Insurance Monitor provides comprehensive analysis through multiple research components designed for ongoing competitive intelligence. Leveraging authenticated experiences, the service includes quarterly reports that track industry trends and digital capability developments in commercial insurance; quarterly capabilities matrices that detail the full range of offerings from covered firms; and direct access to CI's industry expert analysts for consultation and insights into the authenticated site experience. The first report from Commercial Insurance Monitor will provide subscribers with a full analysis of the current competitive landscape. Further reports will examine generating a certificate of insurance (COI), billing and payment capabilities, risk mitigation resources and online quoting journeys. "Small business owners are increasingly sophisticated in their digital expectations, influenced by their experiences in personal lines and other industries," adds Suter. "Additionally, boomers retiring and passing on their businesses to younger generations creates a sudden shift in digital expectations in commercial insurance. Insurers that fail to meet these evolving expectations risk losing market share to more digitally advanced competitors. For that reason, in this research we're tracking both incumbent and insurtech firms for a full view of the digital landscape." The research covers 17 leading commercial P&C insurance providers: American European Insurance AmTrust COUNTRY Financial FLIP The Hartford Hanover Kingstone Insurance Liberty Mutual Next Insurance Progressive Simply Business State Farm Thimble Travelers Utica First USLI 360 Coverage Pros Commercial Insurance Monitor represents CI's continued expansion into specialized insurance market research, building on over 30 years of expertise in analyzing authenticated customer experiences across financial services, insurance and healthcare. Interested parties can request a research demo from CI's commercial insurance research team. About Corporate Insight Corporate Insight (CI) delivers competitive intelligence, user experience research and consulting services to the nation's leading financial services, insurance and healthcare organizations. As the recognized industry leader in customer experience research for over 30 years, our best-in-class research platform and unique approach of analyzing the actual customer experience helps organizations advance their competitive position in the marketplace. For inquiries or to interview an analyst, contact: Patrick Flood 646-876-7535 pflood@ View original content to download multimedia: SOURCE Corporate Insight Sign in to access your portfolio
