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Debt mutual funds saw massive outflows of Rs 1,13,833.95 crore in September 2024. Liquid funds made up about 50% of this, witnessing outflows of Rs 72,665.97 crore. This was followed by money market funds, which lost Rs 23,420.84 crore during the month. Investors continued to repose strong faith in equity mutual funds, which saw inflows worth Rs 34,419.26 crore during the month. The momentum in sectoral funds also continued, with them raking in Rs 13,254.63 crore in September. During the month, 4 new sectoral schemes were launched, which gathered a total of Rs 7,842 crore. This was the 43rd consecutive month for positive equities inflows, beginning March 2021. Multi-cap and large and mid-cap funds saw inflows of about Rs 3,500 crore last month, followed by flexi cap funds, which raked in Rs 3,214.57 crore. Amidst ongoing geopolitical concerns, investors chose to stay away from slightly risky investment avenues such as arbitrage funds, which lost Rs 3,531.93 crore during September. Arbitrage funds make money from price differences, which is generated by buying and selling similar securities simultaneously across different markets. Multi-asset allocation funds saw inflows worth Rs 4,070.37 crore during the month. Index funds and gold ETFs also saw funds worth Rs 1,960.29 crore and Rs 1,232.99 crore flowing in, respectively. September saw 13 new index funds launches, which amassed Rs 3,656 crore. All in all, 27 new schemes were launched last month, which saw inflows worth Rs 14,575 crore. <h2>SIP accounts, AUM at all-time high</h2>The industry's net AUM (assets under management) stood at Rs 67,09,259.24 crores, with mutual fund folios also touching an all-time high of 21,05,15,684. The retail AUM, which comprises of equity, hybrid and solution oriented schemes, also touched an all-time high of Rs 40,44,098 crore, up from Rs 39,27,594 crore in August 2024. Inflows in SIP (Systematic Investment Plans) remained resilient, and witnessed an all-time high, with the number of new SIPs registered in September registered at 66,38,857. The SIP AUM was also at its highest ever, at Rs 13,81,703.94 crores for September. This stood at Rs 13,38,944.73 crores for August 2024 The number of SIP accounts were also at their highest ever at 9,87,44,171, along with SIP contribution, which recorded an all-time high of Rs 24,508.73 crores last month. The MF industry also reached the milestone of having 5,01,22,609 unique investors in September. <meta content="cms.next" name="cmsei" />

Sectoral funds continue lapping up investor money, debt funds see massive outflows in September 2024, shows AMFI data

How many companies value the contributions of not just the employees, but even their parents? Not many. But Tata Group is one such exception. Today, the nation mourns the loss of Ratan Tata, the much-loved Chairman Emeritus of Tata Sons. Known for his visionary leadership and kind heart, Ratan Tata played a key role in making the Tata Group a global name, while always staying true to his values of honesty and compassion. The legendary industrialist might no longer be with us, but his legacy, in form of Tata industries, lives on. Some former Tata Cliq employees told Business Insider India in a candid chat how Ratan Tata’s legacy could be felt in the work culture. Even though these employees never had a chance to interact with the Tata Group chairman face to face, they could feel his values imbibed in the company. One of these employees shared how her parents received a letter that thanked them for their efforts when she joined the company. Another former Tata Cliq employee said that she was ‘heartbroken’ when she came to know about Ratan Tata’s passing. <h2>“My parents received a letter thanking them” </h2> Bharti Chhikara, who worked with Tata Cliq as an Assistant Category Manager for over three years, says it was heartwarming when her parents received a letter from the company at the time of her joining. “My parents received a letter from the CPO of Tata Cliq at that time, thanking them for their efforts and sacrifices in supporting me. It was an emotional moment for the entire family. This reflects the kind of culture that the organisation owned by Ratan Tata imbibes. The respect and consideration that Tata Group has for its employees is unmatchable,” she said. Talking about how the loss of Ratan Tata feels personal, the ex-Tata Cliq employee added, “The news of Mr. Ratan Tata's passing feels like a deeply personal loss. Having had the privilege to work at a Tata company, I witnessed firsthand the incredible work culture and ethics he championed. His vision fostered an environment of respect, humility, and a deep sense of purpose, where doing good for society was just as important as driving business success. He will forever be remembered as an iconic leader who set the highest standards for leadership and humanity.” <h2>“My team valued creativity and also upheld Ratan Tata’s principles”</h2> Sreyashi Ghosh, who joined Tata Cliq in 2020 and worked there for two years as a copywriter, says that her team valued creativity and also focused on the principles that Ratan Tata championed. She also said that getting to know about Ratan Tata’s death was “heartbreaking” and his leadership has “left an indelible mark on the Tata Group.” “Working in such an environment, where integrity, transparency and community support are prioritised, was a rewarding experience. Ratan Tata’s legacy will continue to inspire us all, reminding us of the importance of doing business with a heart and a sense of responsibility,” she added. <h2>“Ratan Tata inspired me, I carry his values” </h2> Rachit Tandon, who worked at Tata Cliq for two years as a category manager, says that he was “deeply saddened” to hear about the industrialist’s demise. He added that Ratan Tata was a leader whose values inspired him. He proudly says that he will carry Tata’s values with him as he moves forward in his life. He said, “During my time at Tata CLiQ, I experienced firsthand the remarkable work culture that reflects Ratan Tata's principles of integrity, respect, and innovation. It was a privilege to be part of an organisation that not only prioritises excellence but also cares deeply for its employees and communities. I am grateful for the opportunity to work within a framework that embodies Ratan Tata's legacy, and I will carry those values with me as I move forward. His impact will be felt for generations to come.” <meta content="cms.next" name="cmsei" />

‘My parents received a letter thanking them when I joined’: Ex-Tata Cliq employees recall Ratan Tata’s company culture

Ace Spanish tennis star Rafael Nadal announced on Thursday that he will retire from professional tennis at the end of the current season, with his final match set for the Davis Cup in November. Known as the "King of Clay," Nadal’s retirement marks the end of a remarkable 22-year career that saw him claim 22 Grand Slam titles, including an unprecedented 14 French Open wins. In a heartfelt video message posted on social media, the 38-year-old expressed his bittersweet feelings about stepping away from the sport that has defined his life. "Hello everyone, I’m here to let you know that I am retiring from professional tennis," he began, reflecting on the struggles he’s faced in recent years. "The reality is that it has been some difficult years, these last two especially." <h2>Battling injuries and embracing change</h2>Reflecting on his career, Nadal acknowledged that the decision to retire was not easy. Injuries have plagued him over the last few years, forcing him to miss numerous tournaments, including the 2023 French Open, where he has dominated for nearly two decades. This year, he was eliminated in the first round by Germany’s Alexander Zverev, a stark reminder that the physical toll on his body had finally caught up with him. "I don’t think I have been able to play without limitations," he admitted. "But in this life, everything has a beginning and an end, and I think it’s the appropriate time to put an end to a career that has been long and much more successful than I could have ever imagined." <h2>Unmatched legacy on the clay courts</h2>Nadal has often spoken about the significance of his relationships within the tennis world, particularly with his family, team, and close friends on tour. He gave special thanks to his uncle, Toni Nadal, who served as his coach for much of his career and played a pivotal role in shaping him both as an athlete and a person. "I believe that thanks to him, I have also been able to overcome many situations that have been difficult in my sporting career," Nadal shared. He also expressed gratitude for his loyal fans, saying, "I can’t thank you enough for what you have made me feel. Everything I have experienced has been a dream come true." Over his storied career, Nadal has been known for his fierce rivalries with players like Roger Federer and Novak Djokovic, which propelled him to extraordinary heights. Nadal’s dominance on clay is unmatched; his 14 French Open titles at Roland Garros will likely remain a record for generations. Beyond the French Open, he also clinched titles at the Australian Open, Wimbledon, and the US Open, achieving the rare feat of winning each Grand Slam multiple times. His Olympic gold medals in both singles (2008) and doubles (2016) further cement his legacy as one of the most versatile and resilient players of all time. <h2>Final Davis Cup</h2>For Nadal, the Davis Cup holds a special place in his heart. His first major triumph came at the 2004 Davis Cup final in Seville, where he announced himself on the world stage. Now, he sees the opportunity to close out his career at home as a fitting way to bring his journey full circle. "I am very excited that my last tournament will be the final of the Davis Cup and representing my country," Nadal said. "I think I’ve come full circle, since one of my first great joys as a professional tennis player was the Davis Cup final in Seville in 2004." The upcoming Davis Cup finals in Malaga, scheduled for November 19-24, will mark Nadal’s final bow, allowing him to play his last professional match on Spanish soil. Fans around the world are eagerly awaiting this emotional farewell, which will see one of tennis’ all-time greats bid adieu to the sport he has graced with unwavering passion, determination, and humility. As he prepares to leave the court, Nadal carries with him an immense sense of gratitude and fulfilment. "I leave with the absolute peace of mind having given my best," he said, encapsulating the spirit that has endeared him to millions of fans worldwide. For Nadal, this isn’t just a goodbye — it’s the celebration of a lifetime’s journey, one that has forever changed the world of tennis. (With inputs from agencies)<meta content="cms.next" name="cmsei" />

Rafael Nadal’s Final Serve: Tennis icon to retire after Davis Cup in November, reflects on an unforgettable journey

Top selling cars in India in September 2024 – Maruti Suzuki dominates with seven cars

This monsoon, Delhi received 62% more rainfall than average, with Safdarjung, the city's main weather station, recording 1029.9mm compared to the LPA of 640.4mm. Normally, excess rains can reduce pollutant levels by washing away topsoil. However, the average PM2.5 concentration in Delhi and parts of the NCR was the highest during this period since 2021, as per an analysis by the Centre for Research on Energy and Clean Air (CREA). Considering Diwali — and winter — are just around the corner, Delhi's pollution levels are expected to skyrocket even further in November. Delhi’s Environment Minister, Gopal Rai, has called for urgent interventions, including artificial rain, to tackle the capital’s severe air quality issues. On Wednesday, Rai stated that he would again approach the Union environment minister, seeking an emergency meeting to discuss the implementation of artificial rain during peak pollution periods. This comes after his previous letter on the matter went unanswered. <div type="twitter" handle="ANI" handlename="ANI" favoritecount="0" retweetcount="0" id="1844300884882460888"></div>For the unversed, creating artificial rain via ‘cloud seeding’ involves dispersing chemical compounds into the atmosphere to encourage moisture particles to condense and form rain. Scientists from IIT Kanpur, who successfully carried out an artificial rain experiment last year, estimate that creating a cloud cell over a 1-square-kilometre area could cost approximately Rs 1 lakh. They suggest that under favourable weather conditions, such as optimal wind and moisture levels, a cloud cell could be developed within a day. Rai’s call for artificial rain is seen as a last resort to bring temporary relief from Delhi’s hazardous air quality. However, without a response from the central government, the city’s battle against pollution remains an uphill struggle. <div type="Article" hostid="261" msid="113313699" title="The Indian government is taking steps to control rainfall and weather within five years — is it too risky of a move?" mstype="2" mssubtype="0"></div>However, apart from this initiative, Delhi has already launched its 21-point Winter Action Plan. This includes a 14-point anti-dust pollution campaign aimed at reducing construction-related pollution. Rai said he personally inspected construction sites and met with over 120 companies to enforce strict dust-control measures. The companies received training on guidelines to minimise dust pollution, with those showing exceptional compliance being recognized with the Hari Ratan Award. The government has initiated regular inspections and has started imposing penalties on violators, vowing to intensify the crackdown in the coming weeks. <meta content="cms.next" name="cmsei" />

Delhi vs. air pollution: Minister pushes for ‘artificial rains’ in city ahead of Diwali as AQI remains worse than ever

In a massive cybersecurity breach and hacking of personal and insurance-related data of over 31 million customers of Star Health Insurance, a Chinese hacker going by the name of "xenZen" is selling about 7.24 TB worth of this sensitive data for as much as $1,50,000. Even partial data sets of 1,00,000 entries are also available for sale at $10,000 The leaked data includes details such as names, PAN numbers, mobile numbers, date of birth, email IDs, residential addresses, and certain policy specific information as well, like health card details, policy number, pre-existing conditions and more. Per media reports, the hacker has created Telegram bots to access data of 31,216,953 customers updated till July 2024 and 5,758,425 claims of Star Health, available till early August. The hacker also accused the company's CISO (Chief Information Security Officer) Amarjeet Khanuja of selling this data for as much as $43,000. Here's how the entire chain of events allegedly unfolded, per the X account of Debarghya Das (deedydas), who has served as a founding team member in Google Search, and who, along with UK-based researcher Jason Parker, was one of the first to break information of this incident on the internet, alongside video proof: 1. Khanuja reached out to the hacker on July 6th, 2024, via an encrypted chat app called Tox. 2. They settled on $28,000 for selling customer data, which would be paid via Monero, a cryptocurrency. 3. Khanuja sends hackers all requisite details like login credentials and API endpoints on proton mail, a secure, encrypted email facility, and received payment from the hacker. 4. On July 20th, Khanuja pitches for selling claims related data as well. This deal is settled at $15,000. 5. The hacker's access is reportedly revoked 5 days later, when Khanuja demands for $1,50,000 for the 5TB accessed by the hacker, asking for a cut for senior management as well. 6. Hacker demands a full refund. Months later, on September 25, they drop a website titled "starhealthleak", which offered both customer and claim related data through 2 telegram bots. Das further mentions that CloudSEK, an AI-powered digital risk monitoring platform had called this evidence as fabricated. But upon closer investigation it was found that CloudSEK was working on behalf of their client Star Health, whilst taking down the hacker's website. While acknowledging the breach, Star Health strongly denied any involvement in this, terming this as a targeted malicious attack. "We want to categorically mention that our CISO has been duly co-operating in the investigation, and we have not arrived at any finding of wrongdoing by him to date. We request that his privacy be respected as we know that the threat actor is trying to create panic.” Additionally, the insurer has also notified that an extensive forensic investigation is underway, where it is working with independent cybersecurity experts, government and regulatory bodies to address the issue. Earlier, Star Health had filed lawsuits against Telegram, the messaging app, for facilitating the distribution the data, and US software firm Cloudfare, for allegedly hosting the hacker's website. While Cloudfare has denied the same, the Madras High Court had issued a temporary injunction demanding that Telegram block any chatbots distributing this leaked information. Per xenZen, this is not the first time they have bought and sold data from Indian companies. Previously, it had claimed to have compromised Airtel's servers, and took responsibility of their data breach. However, the data samples were later revealed to be a part of Indian telecom leak, which happened in 2023. <meta content="cms.next" name="cmsei" />

Data of 31 million Star Health Insurance customers allegedly sold by company's CISO: All you need to know about it

In a moving tribute to Ratan Tata, who passed away on Wednesday at the age of 86, Air India, Air India Express, and Vistara made special inflight announcements today, honoring the legacy of the Tata Group patriarch. Known for his deep passion for aviation, Tata left an indelible mark on the sector, which he helped nurture and grow over decades. Throughout the day, passengers aboard Tata Group airlines, which include Air India, Air India Express, and Vistara, heard special announcements dedicated to Tata. Air India’s CEO, Campbell Wilson, acknowledged Tata’s significant contributions to both Indian aviation and the Tata Group's airlines, expressing gratitude for his profound impact. Aloke Singh, CEO of Air India Express, noted that Tata’s guidance has been instrumental in shaping the organisation, emphasising that his legacy will continue to inspire future journeys. These tributes come as the Tata Group consolidates its airline holdings. The merger of Air India Express and AIX Connect was completed on October 1, while Vistara’s integration with Air India is set for November. The consolidation marks a significant milestone in the Tata Group’s aviation strategy — a vision that Tata helped to shape. Vistara, a joint venture between the Tata Group and Singapore Airlines, has thrived since its inception, largely due to Tata's strategic vision and the successful partnership with Singapore Airlines. Vinod Kannan, CEO of Vistara, highlighted how Tata's influence extends beyond the Tata Group, inspiring people across the nation. He remarked on Tata's special connection to aviation, a sector that was close to his heart and remained a priority for the business leader throughout his life. As a mark of respect, Air India Express updated its website and social media channels to reflect a somber theme featuring white lilies against a dark background. Other Indian airlines, including IndiGo, SpiceJet, and Akasa Air, also paid their respects. IndiGo CEO Pieter Elbers expressed the airline’s sadness over Tata’s passing, describing him as a visionary whose influence on Indian aviation will be long-lasting. Both SpiceJet and Akasa Air celebrated Tata’s legacy of excellence, compassion, and innovation. The international aviation community shared in the remembrance. Airbus India &amp; South Asia President Remi Maillard spoke of Tata’s modesty and commitment to philanthropy, recalling a visit Tata made to Airbus in Toulouse where he shared his enthusiasm for aviation. According to Maillard, Tata’s leadership was defined by a sincere passion for flying and a vision for the future of aviation in India. Boeing’s President for India &amp; South Asia, Salil Gupte, underscored Tata's lasting impact on aerospace and defense, emphasising his dedication to corporate responsibility and his ability to inspire future generations. Gupte noted that Tata's remarkable qualities continue to serve as a guiding light for the industry. In another sign of respect, Airbus postponed the inauguration of its new India and South Asia headquarters, originally scheduled for Thursday. Singapore Airlines, which has partnered with the Tata Group in the Vistara joint venture, expressed its condolences, with CEO Goh Choon Phong recalling Tata’s foundational role in establishing Vistara as a beloved airline in India. India’s Civil Aviation Minister K Rammohan Naidu took to social media to remember Tata as a leader who transformed not only Indian industry but also the country’s aviation sector. Naidu described Tata’s influence as pivotal in shaping modern Indian aviation. Ratan Tata’s vision and leadership transformed not only the Tata Group but also the Indian aviation landscape. His passion for aviation and relentless pursuit of excellence will continue to inspire generations, ensuring that his legacy, much like the aircraft he helped launch, soars high for years to come. (With inputs from PTI) <meta content="cms.next" name="cmsei" />

Air India, Air India Express and Vistara pause to pay special inflight homage to Ratan Tata after his passing

Once upon a time, there thrived a wild, wild land. Here, it was all about super high monetary stakes, lightning-fast trade deals, and bucketloads of money shifting hands every single second. This wilderness lured millions of individuals with the promise of super duper high returns. But, at what cost? Welcome to the unforgiving, ultra-risky wild west of Indian equity markets called the futures and options. Here, everyone seems to just fly right through the bright red-flagged warnings of financial risks to earn even a fraction of these promised returns. Most burn themselves in the process, but carry on nevertheless, as if nothing ever happened. <h2>Chasing the cloudy profits</h2>The data conclusively proves that every 9 out of 10 individuals only lost their hard-earned money in this land. But hey, what do the numbers know? Some hide their losses out of shame, some out of fear. The proponents, meanwhile, proudly boast unusually high returns on their investments, some open social media channels while others encourage their friends and family to take the plunge. Naturally, news of this unstoppable and humongous en-masse migration to the F&amp;O (futures and options) town has reached sheriff SEBI, galvanising them into action. After all, it was time to put a leash on this madness and save the common man. The inhabitants of this town doubled in the last 2 years, from 51 lakh in FY22 to 96 lakh in FY24—99.8% of whom were small and mid-income traders. But profits? Well, that's a different, rather completely absent story. <h2>Que Sera Sera, much?</h2>A recent report by SEBI (Securities and Exchange Board of India) that studied profits and losses made by traders in the equity derivatives segment between FY22-24 exposed the mad mania of futures and options trading in India, especially since the pandemic. Per the report, 91.1% of individual traders, or about 73 lakh traders had only lost money trading in futures and options in FY24. Between FY 22-24, over 1 crore traders, or about 92.8% of individual traders, had lost Rs 2 lakh each. But once bitten, twice shy? Well, not in this case. More than 75% of individuals, who had only made losses trading in F&amp;O in FY22 and FY23, continued to trade vigorously in FY24 as well, without any changes in the bottom line, which remained deep in red and negative. So, then all these traders must be uber-rich, with tons of cash and not much care to spare? Nope. 76% of traders in the F&amp;O space in FY24 had an annual income of less than Rs 5 lakh. 2 years ago, their share stood at 71%. And their choice of poison? Options! In FY24, 60% of traders made losses trading in futures, but a whopping 91.5% burnt their funds trading in options. Mind you, futures are riskier than options. With futures, which require significant capital investment, the buyer and seller both are contractually bound to adhere to the pre-determined strike price of the futures or options contract, irrespective of whether the prevailing prices are higher or lower (and thus, resulting in losses for either the buyer or seller). With options, since this adherence ain't necessary, individuals end up taking debt to take highly leveraged positions while trading here. <h2>Scale of the explosion</h2>Anyone who trades even infrequently will tell you that a demat account is the mitochondria or powerhouse of the trading cell. As of August 2024, India had over 17.1 crore demat accounts, which are a prerequisite for trading in the markets. India is the 9th biggest country in the world, in terms of total demat accounts. Did you know that our demat accounts are at par with the entire population of Bangladesh? Talk about scale! Just 4 years ago, in March 2020, this number was a mere 4 crore. Naturally, the total F&amp;O turnover on both NSE and BSE has hit the roof, and also broken it. As of October 4, 2024, the total futures and options turnover on NSE stood at a massive Rs 4,78,27,27,750.30 crore. Good luck counting the thousands! <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total Turnover (Both Futures and Options) (In Rs Crore) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2020-21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64,36,03,951.51 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021-22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,69,52,33,134.47 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022-23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,82,23,26,468.06 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2023-24 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7,99,27,67,152.43 </td></tr></tbody><tbody></tbody></table> Source : NSE Another metric that underlines the meteoric growth of trading in India is the collection of STT or Securities Transaction Tax. As of September 2024, India's STT mop-up had gone past Rs 26,000 crore. Traders have to pay STT whenever they buy or sell any security in the market. So, more trading brings in more STT, and hence, more revenue for the government, so they're not really complaining. After all, this is certainly what they'd call enviable growth. As of August 2023, our STT collection stood at about Rs 21,599 crores. And in FY20-21, India's STT collection had been Rs 16,000 crore. If only our salaries also managed to grow at this rate! <h2>So, what's happening?</h2>Two things. One, it's the big bulls who are raking in all the moolah. And it's the younger lot (those aged under 30) who are propping them up for this. In FY24, 43% of individual traders in the market were less than 30 years of age. In just one year, this number has swelled by 12 percentage points from just 31% of individual traders. But who says ageing is bad? Wrinkles and silver hair seemingly have a propensity of incurring lesser losses in the market. In FY24, only 79% of traders aged above 60 years made losses, as compared to 93% of those aged below 30. Small and mid-income traders, which make up 98% of the total trader base, witnessed average losses per person of Rs 65,000 and Rs 1.5 lakh in FY24 in futures and options, respectively. The winner here? Clearly, the big bulls, who declared an annual income of over Rs 1 crore, ended up with average profits of Rs 96,000 per person this year. <h2>What’s the sheriff up to?</h2>The government has finally swung into action, hiking the STT rate for F&amp;O during this year’s budget. Effective October 1, 2024, the STT on futures stands at 0.02%, up from 0.0125%. For options, it was upped to 0.1% versus 0.0625% previously. Small margins, but huge impact oncoming. Says Puneet Sharma- CEO and Fund Manager at Whitespace Alpha, “SEBI aims to enhance market stability while safeguarding investor interests, reflecting the regulator's intent to balance risk management with market participation”. But this might come with its own share of challenges, too. “Stricter norms around leverage, transparency, and capital adequacy could limit the ability of investors to determine their own risk appetite, thereby stifling innovation in trading strategies. Over-regulation in an environment that thrives on strategic flexibility and creativity could dampen the market’s dynamism, affecting India's competitiveness in the global derivatives landscape”, he observes. SEBI recently came out with a set of guidelines that aim to thwart retail investors' participation in futures and options and hinder them from taking undue risks. Here's a quick recap of what's to come for the residents of the F&amp;O town Margin Requirements: To battle the high volatility and chaos which is generally seen on expiry days(i.e the last mandated date, post which an option becomes invalid), SEBI will put in place an extreme loss margin (ELM) of 2% for all open short options on the day of expiry. Translation? Traders will need to pony up more cash upfront, leaving them with fewer funds to take on risky bets. It ain't a choice: No more of one expiry every single day! Going ahead, an exchange like BSE or NSE will just be able to offer weekly expiries, that too, only on one benchmark index, as opposed to an entire buffet it currently offers. At present, NSE offers weekly options contracts for its financial index, bank and midcap indices. But say goodbye to this, and hello to derivatives on only 1 index per exchange. Raising the bar: Effective November 30, 2024, the minimum contract value for index derivatives will be upped to Rs 15 lakh, from the present Rs 5-10 lakh. The hope is that by making it ultra-expensive to enter these trades, investors will be dissuaded from taking on risky trades. Pay upfront: Starting February 2025, those trading in options will have to pay the entire options premium upfront, even before their trades are executed. This is because options generally carry very high leverage, and paying a significant sum upfront can force traders to think twice. Invigilation Pro Max: Starting April 1 2025, to make sure that the number of positions for equity index derivatives does not slyly slip over the mandated limit, especially on expiry days when trade volumes are huge, the exchanges will have to take a minimum of 4 position snapshots randomly. The question is, will these injections of sobriety be enough to calm down the steroid-fed bull of the futures and options market in India? Well, only time and market turnover will tell! Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice. <meta content="cms.next" name="cmsei" />

SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how of it

In a career spanning decades, Ratan Tata made some of the boldest and most transformative business decisions that redefined the way the Tata Group and Indian industry operated on a global scale. As we mourn the loss of the business titan, we celebrate the remarkable decisions that showcased not just his strategic brilliance but also his commitment to building a better world for everyone. <h2>Acquisition of Jaguar Land Rover (JLR) in 2008</h2>In 2008, Tata Motors, under the leadership of Ratan Tata, acquired Jaguar and Land Rover from Ford Motor Company for $2.3 billion. The acquisition was considered a high-risk move because Jaguar and Land Rover were struggling financially, and the global automotive industry was facing a downturn. Many analysts doubted the decision, questioning whether Tata Motors could turn the brands around. However, Ratan Tata believed in the potential of these iconic British brands and focused on revitalising their product line, improving quality, and investing in new models. His strategic vision paid off as JLR's sales surged in the years that followed, making it a profitable and prestigious part of Tata Motors. By 2015, JLR's success helped Tata Motors become India's largest automobile manufacturer. <h2>Launch of the Tata Nano</h2>The Tata Nano, launched in 2009, was Ratan Tata's ambitious project to create the world's most affordable car, priced initially at just ₹1 lakh. The idea was to provide an affordable vehicle for Indian families who primarily used two-wheelers. Though it was hailed as a revolutionary product in terms of cost and innovation, the car faced multiple challenges, including safety concerns, branding issues, and production delays. Despite its commercial failure, the Nano represented a bold effort to disrupt the automotive industry by focusing on cost-effective engineering, lightweight materials, and fuel efficiency. The project highlighted Ratan Tata's commitment to inclusive innovation and making mobility accessible to the masses. <h2>Acquisition of Corus Steel in 2007</h2>Tata Steel's acquisition of Corus Group, a British-Dutch steelmaker, for $12.1 billion was one of the largest overseas acquisitions by an Indian company. At the time, Corus was much larger than Tata Steel, which made the acquisition a transformative step for the company, catapulting it into the global league of steel producers. <div type="Article" hostid="261" msid="114104543" title="&amp;#39;Humble king who looked after his workers like children&amp;#39;: Bollywood reacts to Ratan Tata’s demise" mstype="2" mssubtype="0"></div>The decision was not without its challenges, as Tata Steel had to deal with economic downturns and fluctuating steel prices shortly after the acquisition. However, the move gave Tata Steel access to advanced technology, a broader product range, and new markets, significantly enhancing its global competitiveness. <h2>Emphasis on innovation and R&amp;D</h2>Ratan Tata's leadership was marked by a strong focus on innovation and research and development (R&amp;D) within the Tata Group. He encouraged companies across the group to invest in new technologies and foster a culture of innovation. For instance, Tata Motors developed the Tata Indica, India's first indigenously designed passenger car, and later worked on electric vehicles and hybrid technology. Tata Group companies also explored innovation in sectors like IT, chemicals, and steel. This emphasis on R&amp;D positioned the Tata Group to compete effectively on a global scale, offering unique and cutting-edge products. <h2>Globalisation of the Tata brand</h2>Ratan Tata's vision for the Tata Group involved expanding its presence beyond India and becoming a global entity. During his tenure, Tata Group made several high-profile international acquisitions, such as Tata Tea's purchase of Tetley in 2000, Tata Motors' acquisition of Daewoo Commercial Vehicles in 2004, and Tata Chemicals' acquisition of Brunner Mond in 2006. These acquisitions allowed the group to enter new markets, diversify its business portfolio, and reduce dependency on the Indian economy. This strategic globalisation not only increased the group's revenue but also enhanced its brand recognition worldwide. <h2>Focus on ethical business practices and CSR</h2>Ratan Tata is renowned for upholding high standards of ethics and corporate governance within the Tata Group. For example, he refused to engage in unethical practices during the infamous 2G spectrum scam in India, despite potential losses. His unwavering commitment to ethical principles helped build the Tata brand's reputation as one of the most trustworthy and respected in the business world, which continues to attract global partners and investors. <div type="Article" hostid="261" msid="114103006" title="Ratan Tata to be accorded state funeral, Maharashtra declares day of mourning to honour Tata Group chairman" mstype="2" mssubtype="0"></div>Ratan Tata also believed that businesses should play a significant role in social development. He institutionalised corporate social responsibility (CSR) within the Tata Group, channelling efforts towards healthcare, education, rural development, and sustainability initiatives. One notable example is the Tata Trusts, which focus on improving the quality of life in communities across India by supporting initiatives in healthcare, nutrition, water, sanitation, and education. <h2>Formation of TCS as a major IT player</h2>Although Tata Consultancy Services (TCS) was founded before Ratan Tata took over, he played a pivotal role in its expansion during his leadership. Under his guidance, TCS grew from a relatively small division into one of the largest IT services companies in the world, focusing on software services, IT consulting, and outsourcing. Ratan Tata's strategy of investing in cutting-edge technology and tapping into the global demand for IT services transformed TCS into a significant revenue generator for the Tata Group, solidifying its position as a global IT leader. <h2>Navigating the 2008 financial crisis</h2>During the global financial crisis of 2008, the Tata Group faced multiple challenges, including liquidity crunches, declining revenues, and the need to manage its global acquisitions. Ratan Tata's astute financial management and strategic decision-making helped the group navigate this turbulent period. He focused on reducing debt, optimising operations, and prioritising the group's long-term sustainability. His emphasis on financial discipline and maintaining investor confidence helped the Tata Group emerge stronger from the crisis while continuing its global expansion. <h2>Decision to remove Cyrus Mistry as Chairman of Tata Sons in 2016</h2>In October 2016, Ratan Tata made the bold and controversial decision to remove Cyrus Mistry from his position as chairman of Tata Sons, the holding company of the Tata Group. The decision was driven by concerns about Mistry's strategic direction, alleged lack of communication with the Tata Trusts, and differing views on several key issues, such as handling underperforming businesses and asset sales. Mistry's approach, which included selling non-core assets and reducing debt, was seen by some as a shift away from the group's traditionally long-term and value-driven strategy. <div type="Article" hostid="261" msid="114104209" title="‘Deeply cared about making India better’: Mukesh Ambani, Gautam Adani, Sundar Pichai and others react to Ratan Tata&amp;#39;s death" mstype="2" mssubtype="0"></div>The move led to a legal and public battle between Mistry and Tata Sons, attracting significant media attention and debate about governance standards in Indian conglomerates. Despite the controversy, Ratan Tata's decision to remove Mistry underscored his unwavering commitment to protecting the legacy and ethos of the Tata Group. <h2>Reducing the retirement age for top executives</h2>One of Ratan Tata’s notable leadership decisions was to reduce the retirement age for senior executives within the Tata Group from 70 to 65. This move was intended to bring in a younger generation of leaders with fresh perspectives and innovative ideas to drive the group's growth in a rapidly changing global market. Ratan Tata believed that younger leaders were more likely to embrace change and drive the group toward innovation, helping the Tata companies stay competitive on a global scale. This decision also paved the way for succession planning, ensuring that leadership transitions were smoother and that the next generation of executives was well-prepared to take over. These decisions showcase Ratan Tata's visionary leadership, his ability to take calculated risks, and his commitment to values-driven growth, which have collectively shaped the Tata Group into a global powerhouse. <meta content="cms.next" name="cmsei" />

Remembering Ratan: Here are some of the boldest business decisions taken by the legendary Tata industrialist

Tata Group chairman Ratan Tata left for his heavenly abode on Wednesday. Tata, aged 86, died on Wednesday evening at Breach Candy Hospital in Mumbai after a brief illness. The industrialist was widely known for transforming the Tata Group into a global powerhouse and would often make headlines for his philanthropic efforts. Perhaps this is why, the death of the renowned industralist has struck a chord with the entire nation and beyond. The Maharashtra government also declared a day of mourning today in Ratan Tata's honour. From Reliance Industries MD Mukesh Ambani and Adani Group chairman Gautam Adani to Google CEO Sundar Pichai, a lot of business tycoons have reacted to Ratan Tata's death. Let us take a look at some reactions. Industrialist Gautam Adani hailed Tata as a “giant” and a “visionary” who redefined modern India’s path. “He wasn’t just a business leader; he embodied the spirit of India with integrity, compassion, and an unwavering commitment to the greater good,” Adani said. His words echoed the sentiment of many who admired Tata for his values and leadership, which transformed the Tata Group into a global enterprise while maintaining its deep connection to Indian society. Google CEO Sundar Pichai also expressed his grief over Tata’s death, noting his deep commitment to India’s progress. “Ratan Tata deeply cared about making India better,” Pichai wrote on X, formerly Twitter. Reflecting on his last meeting with Tata at Google, where they discussed advancements in Waymo, Pichai added that Tata’s vision was inspiring. “He leaves an extraordinary business and philanthropic legacy, having mentored and developed modern business leadership in India.” Anand Mahindra, Chairman of Mahindra Group, shared his sorrow over the loss of a mentor whose guidance he believed was invaluable, particularly at a time when India’s economy is poised for significant growth. “Ratan’s life and work had much to do with our current position on the global stage,” Mahindra noted. “His example will continue to guide us, and legends like him never die.” Reliance Industries Chairman Mukesh Ambani expressed personal grief over the loss of a “dear friend.” Ambani described Tata as a visionary who took India to the world and brought global innovations to India. “With his passing, India has lost one of her most illustrious sons. His contributions will continue to inspire future generations,” Ambani said, adding that Tata’s legacy of humility, integrity, and compassion was one that would remain etched in memory. RPG Enterprises’ Harsh Goenka also paid tribute to Tata, describing him as a beacon of ethical leadership. “The clock has stopped ticking for the titan of Indian industry,” Goenka wrote, underscoring the indelible mark Tata left on both business and society. Other prominent figures, including Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal, also expressed their sorrow. Sitharaman lauded Tata as a leader whose deep resolve for innovation and social responsibility transformed industries and uplifted communities. Goyal, meanwhile, referred to Tata as a “true nationalist” who brought immense pride to India through his global achievements. Apart from celebrities, politicians and business tycoons, Ratan Tata is also being remembered by millions of Indians on social media. Various people have shared heartfelt posts on platforms like Instagram and X, mourning the death of the Tata Group chairman. Tata, born in 1937 in Mumbai, led the Tata Group as Chairman of Tata Sons from 1991 until his retirement in 2012. He was instrumental in expanding the group’s global footprint while staying true to the company’s founding principles of ethical business practices and social responsibility. His leadership extended far beyond the boardroom, as he dedicated much of his life to philanthropy, focusing on education, healthcare, and rural development. As India mourns the loss of a corporate icon, the tributes from business leaders paint a portrait of Ratan Tata as a visionary who transcended his role as an industrialist to become a symbol of India’s aspirations and values. His legacy, built on integrity, innovation, and a commitment to the greater good, will continue to inspire future generations. Tata’s mortal remains will be kept at the National Centre for the Performing Arts (NCPA) in Mumbai for the public to pay their respects, before his final rites are performed later in the day. <meta content="cms.next" name="cmsei" />

‘Deeply cared about making India better’: Mukesh Ambani, Gautam Adani, Sundar Pichai and others react to Ratan Tata's death

<ul class="summary-list"><li>AI mostly outperformed human executives in an experiment by University of Cambridge researchers.</li><li>But AI wasn't as good at making decisions in unexpected "black swan" events.</li></ul>Can we throw <a target="_blank" class="" href="https://www.businessinsider.com/ceo-replace-ai-job-employees-executives-save-money-salary-2023-9">CEOs out of their offices and replace them with AI</a>? A new experiment from the University of Cambridge suggests the answer is no.Artificial intelligence actually outperformed human CEOs in most situations in a real-life simulation of running a business that pitted people against computers, but there was one thing AI couldn't handle, according to the experiment: so-called black swan events, like a pandemic.Because of that, AI got fired more quickly by a virtual board of directors than its human counterparts, which navigated unexpected situations better.Hamza Mudassir, one of the researchers behind the experiment, told Business Insider that AI outperformed the human participants on most metrics, including profitability, product design, managing inventory, and optimizing prices — but that its performance wasn't enough to save it from getting the boot."It did not do well on survival within the C-suite just because it was not very good at handling abrupt changes or changes that require a new way of thinking," Mudassir said.The Cambridge researchers conducted the experiment from February to July and included 344 people, some of whom were senior executives at a South Asian bank. It also included college students. And the last participant wasn't a person at all, but rather <a target="_blank" class="" href="https://www.businessinsider.com/everything-you-need-to-know-about-chat-gpt-2023-1">GPT-4o</a>, the large language model, or LLM, from OpenAI.The participants played a game designed to simulate real-world situations in which CEOs have to make decisions. The game had them take on the role of CEO of a car company. It was designed by the Cambridge researchers' ed-tech startup, Strategize.inc."The goal of the game was simple — survive as long as possible without being fired by a virtual board while maximizing market cap," the researchers wrote in the <a target="_blank" class="" href="https://hbr.org/2024/09/ai-can-mostly-outperform-human-ceos">Harvard Business Review</a>.Mudassir told BI that the LLMs were great at analyzing data, recognizing patterns, and making inferences. For example, when it came to designing a car based on factors like available parts, price, consumer preferences, and demand, there were 250,000 combinations participants could come up with. The cars that AI put together were significantly better than those the humans came up with, he said.In part, he said that's because humans have biases and personal taste in things like the shape of a car; for the AI, it was simply a "puzzle of finding out the most optimal value for what the customer wanted," Mudassir said.But that doesn't mean that AI was the optimal CEO. When a "black swan" event occurred, the bot couldn't address it as quickly — or as well — as the human executives and students. When there was a major shift in market conditions, like introducing a pandemic into the mix, the model flopped, he said."How do you react to COVID if you're dealing with it for the first time? A lot of people, and a lot of CEOs, have different strategies," Mudassir said. "In this case, it did not have enough information on how to react in time to prevent itself from getting fired," he said of the AI.So CEOs can rest easy for now. The researchers say that while AI's performance as the virtual head of a company was impressive, it wasn't good enough to replace a human. Still, AI performed so well that it can't be ignored in corporate strategy, Mudassir said.In the future, Mudassir said LLMs could be specifically tuned to a particular company with real-time data, in which case they'd likely perform even better than AI did in the experiment.He said perhaps the best use-case of AI would be in business "war gaming" — or using multiple LLMs to represent different stakeholders, such as competitors, lawmakers, or activists, and then testing how certain decisions would actually play out. Some of that could, in theory, replace the work of some <a target="_blank" class="" href="https://www.businessinsider.com/ai-questions-consulting-firms-are-answering-for-clients-2024-6">strategy and management consultants</a>, who often make recommendations to a CEO based on their own analysis of certain outcomes in certain situations.<meta content="cms.next" name="cmsei" />

AI largely beat human CEOs in an experiment that pitted computers against people — but it also got fired more quickly

Ratan Tata’s death has sent waves of grief across the nation. The industrialist breathed his last on Wednesday (October 9) at a hospital in Mumbai and reactions have been pouring in on social media. From political leaders to business tycoons and Bollywood celebrities, a lot of prominent personalities have reacted to Ratan Tata's death. He might no longer be with us, but his presence can be felt in the legacy that he has left behind. Singer and actor Diljit Dosanjh, who is in Europe for his Dil-Luminati World Tour, paid an emotional tribute to Ratan Tata during his recent concert in Germany. He halted his performance to remember the legendary industrialist who passed away at the age of 86. In a heartfelt moment captured by fans, Diljit took to the stage to share a few words about Tata, addressing the audience in Punjabi. The video, which quickly spread on social media, shows the singer expressing deep respect for the late businessman. “Ratan Tata has left us, and I feel it’s important to take a moment to honour him,” Diljit said. “He was a man who worked tirelessly, and whatever I’ve read or heard about him, he never spoke ill of anyone," he added. Diljit’s tribute highlighted Tata’s commitment to hard work, integrity, and kindness. He continued, “He lived his life with purpose, always doing good for others. If there’s one lesson we can all take from him, it’s to work hard, stay positive, and live our lives to the fullest, helping others along the way.” The singer also acknowledged Tata’s influence on many lives, saying, “This is how life should be. We can learn so much from the way he conducted himself.” Diljit later shared the tribute on his Instagram story, posting a video from a fan page with the message, “RIP Ratan Tata,” expressing his personal sorrow over the loss of such a towering figure. After completing his international shows, Diljit is set to return to India for the next leg of his tour, beginning in New Delhi on October 26. Meanwhile, in Mumbai, a Garba and Dandiya night also saw a tribute to Ratan Tata, as the crowd paused their celebrations to honour his memory. An X user, Fenil Kothari, shared a video of the event, where attendees lit up their phone flashlights while performers on stage sang songs in homage to the late industrialist. “One of the most memorable parts of the evening was paying tribute to Ratan Tata Sir, especially during Navratri. We hope his soul finds peace on this sacred occasion,” Kothari wrote. Another video from Goregaon’s NESCO compound showed hundreds of people observing a moment of silence, pausing their Garba dance to remember the icon. Tata, who was born on December 28, 1937, was known not just for his business acumen but also for his charitable work. His contributions to India’s growth and his dedication to improving the lives of others have left a lasting legacy. The public has been invited to pay their respects to the veteran industrialist at NCPA Lawns in Mumbai on Thursday, ahead of his final rites later in the day. Tata’s loss marks the end of an era for Indian industry, but his values and vision will continue to inspire generations. <meta content="cms.next" name="cmsei" />

'Never spoke ill of anyone, much to learn from him': Diljit Dosanjh halts Germany concert to pay tribute to Ratan Tata

​Remembering Ratan Tata: Have you seen these photos of the beloved industrialist?​

Tata Group chairman Ratan Tata breathed his last on Wednesday (October 9) at Breach Candy Hospital in Mumbai. On Monday, the industrialist was admitted to the hospital for age-related issues. As soon as the news of his death broke, people started remembering the philanthropic businessman and social media is full of reactions. From actors to other business leaders, a lot of prominent figures reacted to Ratan Tata's demise. From Salman Khan and Priyanka Chopra Jonas to Ranveer Singh and Anushka Sharma, Bollywood celebs also expressed their sorrow on social media. Let us take a look at some reactions. Superstar Salman Khan expressed his sorrow on X (formerly Twitter), writing, “Deeply saddened by the passing of Mr. Ratan Tata,” capturing the emotional weight of the moment. Ajay Devgn echoed the sentiment, describing Tata as a visionary whose impact transcended business: “The world mourns the loss of a visionary. Ratan Tata’s legacy will forever inspire generations. His contributions to India and beyond are immeasurable. We are deeply grateful. Rest in peace, Sir.” Anushka Sharma, sharing her thoughts on Instagram, lauded Tata for his integrity and grace: “Deeply saddened by the news of Shri Ratan Tataji. He upheld the values of integrity, grace, and dignity through everything he did and was truly an icon and Taj of India. RIP sir, you have touched so many lives.” Priyanka Chopra Jonas reflected on Tata’s kindness and leadership, noting, “Through your kindness, you touched the lives of millions. Your legacy of leadership and generosity will continue to inspire generations. Thank you for your unmatched passion and dedication to everything you did for our country.” Many others in the industry also shared their admiration for Tata. Sanjay Dutt called him a beacon of integrity, saying, “India has lost a true visionary today. He was a beacon of integrity and compassion whose contributions went beyond business, impacting countless lives.” Randeep Hooda hailed Tata as “India’s most valuable man,” saying that his worth was measured by his values rather than wealth. "India’s most valuable man, not necessarily for his vast wealth, but for his values.. largest being Integrity !! Never a show off but always the star ⭐️ The life #RatanTata ji led will always be an inspiration,"Hooda wrote in a post on X. Varun Dhawan, in a heartfelt Instagram post, shared a throwback picture of Tata, simply writing, “RIP sir RATAN TATA,” while Riteish Deshmukh took to X, stating, “Deeply saddened to know that Shri #RatanTata ji is no more. Condolences to the family and loved ones. Rest In Glory Sir.” Ranveer Singh paid tribute by sharing a monochrome photo of Tata with a simple infinity emoji, highlighting the eternal impact Tata will leave on the country. Actor R Madhavan also shared his admiration, writing, “A visionary, a gentleman of the highest order, an inspiration for generations, leaves behind a void that can never be filled.” Sushmita Sen and Karan Johar both paid their respects, while Dharmendra expressed his regret at never having met Tata, calling him a “Humble King” who treated his workers like family. “Sir, you will always be remembered with great love and respect,” he added. Filmmaker Rohit Shetty called Ratan Tata a “real hero,” while music maestro AR Rahman offered a poignant reflection: “Some icons are living textbooks, teaching us about leadership, success, and legacy. Extraordinary yet human and approachable, they inspire and guide us. India has lost a true son and champion. Rest in peace, Ratan ji.” Vicky Kaushal also expressed his grief, writing, “Never could meet him… but adored, admired and respected everything he said and did for society. Lost a legend. May his soul rest in peace.” Other notable tributes came from stars like SS Rajamouli, Jr NTR, Prithviraj Sukumaran, and Rana Daggubati, who all shared their deep respect for Tata’s leadership and humanitarian work. Rajamouli, in particular, remarked, “Legends are born, and they live forever… Ratan Tata’s legacy is woven into everyday life.” The passing of Ratan Tata has left a profound void, but the legacy he has built in business, philanthropy, and ethics will continue to inspire and guide future generations. <meta content="cms.next" name="cmsei" />

'Humble king who looked after his workers like children': Bollywood reacts to Ratan Tata’s demise

Discussions around mental health at the workplace reignited in the last few days when the death of two corporate employees made headlines. And it is no secret that without having a healthy mind, you cannot be productive. Ample studies in the last few months have pointed out the importance of mental health and it is important to talk about these issues. Today (October 10) marks World Mental Health day. It is an occasion for raising awareness about mental health issues and combating social stigma. Celebrated globally since 1992, this day encourages education and advocacy for mental well-being, reminding us that mental health is a crucial aspect of overall health, especially in the workplace. <h2>Ex-Google employee experienced stress, anxiety </h2> Nicholas Whitaker, who worked with Google for 13 years, told Business Insider India in an interview that he also experienced the pressures of a high-stress work environment. “During my time at Google, I faced significant stress and anxiety. It became clear that no matter how successful you are on paper, if your mental health is compromised, it diminishes your quality of life and ability to fully engage at work,” he said. He added that mindfulness played a crucial role in his recovery, saying that mental health is not just a personal issue but a workplace concern that should be treated with equal importance as productivity and performance. <h2>How to protect your mental health? </h2> To help others protect their mental health, Whitaker shared several key practices that can be game-changers. 1. Set Boundaries: Understand your limits and communicate them clearly. This includes managing your workload, taking time away from work, and setting boundaries around communication. Protecting your time and energy is essential. 2. Practice Mindfulness or Meditation: Mindfulness was a lifesaver for him in managing corporate stress. Even dedicating a few minutes each day to meditation can help you stay grounded and aware of your feelings, allowing you to make necessary adjustments before burnout sets in. 3. Take Breaks: In high-pressure environments, it’s easy to feel that there’s no time for a break. However, regular breaks—even just a short walk or stepping outside—can significantly enhance your mental state and boost productivity. 4. Find a Support System: Having people to talk to, whether colleagues, friends, or coaches, can make a considerable difference. Building a supportive community can combat feelings of isolation, which often exacerbate mental health issues. 5. Align Work with Values: Stress and dissatisfaction often arise from a misalignment between personal values and work. Reflecting on what truly matters to you and making small shifts toward work that aligns with those values can lead to greater fulfillment. To conclude, Whitaker said, “Mental health is not a luxury—it’s essential for personal well-being and professional success. When organisations invest in their employees’ mental health, they cultivate a culture where people feel supported, valued, and empowered to excel in their work.” As we observe World Mental Health Day, it’s crucial to remember that prioritising mental well-being can lead to a more productive, innovative, and fulfilled workforce. <meta content="cms.next" name="cmsei" />

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