The American Civil War was a period of significant milestones in the history of military cavalry. Not only did America’s use of cavalry peak in the Civil War with more than 1 million cavalry troops between the Union and the Confederate forces, but the role of cavalry also evolved. Limited at first to scouting, patrolling, and escort missions, by the […]

The decline in LIC’s share price makes it the biggest wealth destroyer among IPOs which hit the market after COVID-19 took hold globally in 2020. Since its listing, peers belonging predominantly to the private sector have largely outpaced the Life Insurance Corporation of India, which was originally formed by merging 245 private players in 1956. The stock dropped 8 per […]

‘The company last year took a conscious call not to grow the corporate side of the book.’ Housing finance company (HFC) PNB Housing is planning to focus on reducing delinquencies in 2023-24. Its managing director & chief executive officer Girish Kousgi tells Nikesh Singh in a conversation in New Delhi that he sees a huge opportunity for the company in […]

ITC’s results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division’s performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 per cent growth in non-cigarette earnings before interest and tax […]

The United States Air Force has been the pre-eminent air power since its inception in 1947. Retaining this status requires constantly upgrading the airborne inventory to stay ahead of rivals such as China and Russia in terms of technology and firepower.  To determine the U.S. Air Force’s newest aircraft, 24/7 Wall St. reviewed the “2022 USAF & USSF Almanac: Equipment” […]

While it certainly seems like technology is the big winner this year, in truth just 10 stocks have driven 95% of the gains in the venerable S&P 500. Most of the tech stocks driving those gains are getting pushed higher by the tsunami of interest in artificial intelligence (AI). Though AI will have a huge impact on life as we […]

Three Amazon delivery drivers in Colorado are suing the tech giant over poor work conditions, including allegations of urinating in bottles and defecating in bags. In a lawsuit filed Monday in Denver District Court, drivers Leah Cross, Marco Granger-Rivera and Ryan Schilling said the pressure of “harsh work quotas” around their delivery goals kept them from using restrooms on the […]

The U.S. Food and Drug Administration approved Pfizer Inc’s COVID-19 oral antiviral pill Paxlovid for the treatment of mild-to-moderate COVID-19 in adults. Paxlovid is the first oral treatment, and the fourth drug, approved by the agency to treat COVID-19 in adults. Paxlovid (nirmatrelvir tablets and ritonavir tablets, co-packaged for oral use) has been approved to treat adults who are at […]

Market sentiment remined mixed on Friday weighed by anxiety ahead of a speech by Fed Chair Jerome Powell and growing optimism regarding resolution of the debt ceiling deadlock. Corporate earnings updates, as well as concerns about the rebound in China also weighed on sentiment. European benchmarks have surged ahead. Wall Street Futures are trading in mildly positive territory. Asian stocks […]