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04.12 / 13:31
markets IPO Manufacturing Analysis Trade Experts country Aaradhya Disposal Industries plans IPO; aims at Rs 180 cr revenue by FY27
revenue from operations and a profit of Rs 3.72 crore during financial year ended March 2024. To fund its strategic expansion plans and enhance operational capabilities, the company is planning to launch an initial public offering (IPO) very soon, a release said.
04.12 / 13:31
markets Experts War country With Assad challenged, a push to cut Syria's ties to Iran grows more unlikely
Israeli bombardment, while behind the scenes, the United States and Gulf countries courted him diplomatically. It was a secretive, two-pronged approach meant to pressure Syrian President Bashar Assad to abandon his most important regional alliance with Hezbollah and Iran. The overtures to Assad were the product of what Israel and its allies saw as a rare but risky opportunity: With Iran's regional network fracturing under Israeli attack, they hoped to force Iran's most important partner out of the alliance, according to former U.S. officials, two European diplomats and four Israeli officials who spoke on condition of anonymity because of the sensitivity of the subject. Now, those regional ambitions may be derailed by a far smaller and long-discounted force: Resurgent rebels have launched a surprisingly successful attack in Syria, exploiting in part the strain Israel has put on the alliance that helped Assad maintain power through more than a decade of uprising and civil war. In a matter of days, the rebels seized most of the country's large city of Aleppo, and challenged Assad's grip on the country's northwest.
04.12 / 13:31
markets security Strategy Analysis Research trends Trade Gold slips below Rs 79,000 per 10 gm on reduced demand, global cues
capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Price of gold of 99.5 per cent purity extended the losses for the third straight day, declining by Rs 150 to Rs 78,450 per 10 grams from the previous close of Rs 78,600 per 10 grams.
04.12 / 13:31
markets Citi Digital Strategy Software Death Schools Who is Truong My Lan, the Vietnamese real estate tycoon behind one of the world's biggest banking scam
Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion — nearly 3 per cent of the country's gross domestic product — in a separate case and sentenced to death by lethal injection. Lan was convicted in April 2024 for embezzlement, bribery, and violating banking regulations. The scheme, which involved shell companies and fake loan applications, siphoned an estimated $12.5 billion from Saigon Commercial Bank (SCB) between 2012 and 2022.
04.12 / 13:31
markets Provident Digital Software Food Experts Is India’s food inflation being measured correctly? EAC-PM member Nilesh Shah weighs in
Nilesh Shah, managing director and CEO of Kotak Mutual Fund, shared his views on the complexities surrounding food inflation and its role in economic policy during a recent event. Shah, also a part-time member of the Economic Advisory Council to the Prime Minister, questioned the way food inflation is being calculated and included in policymaking. Shah raised concerns about whether the free food distributed to over 80 crore Indians under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) is accounted for when measuring food inflation. The program, which provides free or subsidised food grains to a vast segment of the population, could impact the headline food inflation number, Shah suggested. «My only submission will be are we measuring food inflation correctly? For example, 80 crore Indians are provided free food. That cost is more than our fiscal deficit. Is the credit taken in food inflation?» said Shah while speaking at a Kotak MF event.
04.12 / 13:31
markets Digital Strategy Software awards Experts Muthoot Microfin reduces interest rates on two types of loans
Muthoot Microfin has reduced interest rates by 25 basis points for microfinance loans given for income generating activities and by 125 basis points for loans to buy third party products. Accordingly, the minimum interest rate for income generating loans is pegged at 23.05%. The rate can go up to 23.7%, based on borrowers' risk profile. This is the third rate reduction by Kerala-based Muthoot Microfin, a part of the Muthoot Pappachan group.
04.12 / 13:31
markets Digital Strategy economy Experts reports BofA paints robust picture for American economy, says US is more likely to export recessions than import them
Bank of America is betting heavily on behalf of the American economy as it has claimed that the US economy is poised for solid growth in the coming year, with chances that the annualized rate of economic growth could surge to 2.4% in 2025, instead of the usual 2% every other year, according to a Bloomberg report. The US economy-related predictions from Bank of America comes in even after there are growing concerns about Donald Trump's economic policies which are reportedly inflationary in nature. The various campaign promises about illegal immigration, imposing tariffs on foreign imports, along with tax cuts for corporations, could all pile up and generate a condition for an epic inflation in the American markets in 2025, according to many market experts. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult
04.12 / 12:47
markets security Software Puzzle Experts PAM Videos NYT mini crossword clues, answers for December 4: Check clues to crack New York Times puzzle
NYT mini crossword clues, hints and answers for December 4 are out and readers have the option to solve New York Times mini crossword puzzle. NYT mini crossword game can be played on New York Times website and NYT Games App. NYT Mini is the smart version of the large crossword that appears in the newspaper. NYT Mini Crossword game clues and answers are available for 'Across' and 'Down'.
04.12 / 12:47
markets Manufacturing Software Experts PAM electronic information India imported semiconductor chips worth Rs 1.71 lakh crore last fiscal: MoS IT
semiconductor chips, integrated circuits, memory chips, parts of electronic integrated circuits and micro assemblies, and amplifiers worth Rs 1.71 lakh crore in fiscal 2023-24, the minister of state for electronics and information technology, Jitin Prasada, told Lok Sabha on Wednesday. To offset the semiconductor import bill and kickstart the homegrown chip manufacturing ecosystem, the government has approved five semiconductor chip manufacturing and assembly projects with a cumulative investment of Rs 1.52 lakh crore, Prasad said in reply to a question in the lower house of the Parliament. Apart from the chip manufacturing and assembly units, the government has also approved proposals from nearly 15 semiconductor design companies under the Design Linked Incentive scheme, the minister of state said.
04.12 / 12:47
markets Gap Software economy country reports These two countries among 36 will be the hardest hit by climate change, says one of the world's largest insurance companies; do you reside in one of these nations?
Swiss Re Institute report «Changing climates: the heat is (still) on», the Philippines and the US are the most economically vulnerable among 36 countries analyzed. This vulnerability is driven by the increasing severity of weather-related catastrophes like floods and tropical cyclones.
04.12 / 12:47
markets Citi Software Experts PAM travelers Arsenal Manchester United vs Arsenal live streaming: Prediction, start time, where to watch
Manchester United versus Arsenal EPL match is scheduled to kick off at 3.15 pm (ET) at Emirates Stadium on Wednesday, December 4. The soccer game between Arsenal and Manchester United will be live streamed in the US on Peacock. Arsenal are likely to win the game against Manchester United.
04.12 / 12:47
markets Provident Software Bill Experts PAM voice Rajya Sabha clears bill to replace 100 years old Boiler Act
Rajya Sabha on Wednesday cleared a bill to provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration. The Boilers Bill, 2024 seeks to repeal the century old Boilers Act, 1923. The bill, which aims to decriminalise seven offences and promote ease of doing business, was cleared in the Upper House by a voice vote. The bill also provisions to ensure the safety of persons working inside a boiler, it said, adding, it also talked about repair of boilers to be undertaken by qualified and competent persons.
04.12 / 12:47
markets UPS Software Experts PAM reports Rishi Sunak, Akshata Murty plan new UK office to make positive contributions: Report
Rishi Sunak and his wife, Akshata Murty, are believed to be in talks to set up a new private office in the new year to make a positive contribution to Britain, according to a UK media report on Wednesday. 'The Times' newspaper reports that Sunak and Murty, both 44 and with a combined estimated fortune of around GBP 500 million, are to fund the so-called «Office of Akshata Murty and Rishi Sunak» themselves. While the couple are still deciding on the focus of the new initiative, both are said to be passionate about education and likely to incorporate that among its goals.
04.12 / 12:47
markets Digital Strategy Justice Inside Courts Investigations 'On the face of it you are a corrupt person': SC to West Bengal ex-minister Partha Chatterjee
Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. «On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. What message do you want us to send to society? That corrupt person can get bail like this?» the bench told senior advocate Mukul Rohatgi, appearing for Chatterjee. Rohatgi said except for his client all other co-accused persons were granted bail in the case, the latest being a week ago.
04.12 / 12:47
markets Manufacturing Platform Software awards Experts PAM PURE EV to expand dealership network, launch new products by 2027
: Electric two-wheeler manufacturer PURE EV announced plans on Wednesday to expand its dealership network to over 320 outlets across India by mid-2027. The company plans to launch PuREPower in 2025, leveraging its vehicle battery and powertrain platform. «Over the next 30 months, we aim to add 250 new dealerships, expanding our network to over 320 across India. This growth will be fueled by increasing demand for long-range scooters, electric motorcycles, large B2B contracts, and our entry into the household brand segment,» PURE EV Founder and MD Nishanth Dongari said. The company currently operates with 70 dealerships.
04.12 / 12:47
markets Digital Strategy Software Sustainability community reports 80% of companies unprepared for possible climate disasters: ACCA report
climate risk assessments are critical for business organisations and the finance function, including the CFOs and finance teams, are key to this transformation, says a report by the Association of Chartered Certified Accountants. As business leaders have to be adequately equipped to deal with disruptions due to climate-related events, the report also has tool kits for finance teams to build resilience skills in areas of scenario testing, crisis management planning and business continuity plans. Key insights
04.12 / 12:47
markets COST Provident Strategy Sustainability trends Green fleets: Why more companies are opting for EV leasing over traditional ownership
This is a particularly notable trend in India. Currently valued at about USD 170 million, the EV leasing market is expected to develop at an astounding compound annual growth rate (CAGR) of 73%, reaching USD 4–5 billion by 2030. The increasing popularity of EVs and the growing acceptance of leasing as a wise substitute for ownership are both factors contributing to this development. Whether it is last-mile delivery companies upgrading their fleets or enterprises looking to optimise operational costs, EV leasing offers compelling advantages. Managing capital and operational costs EV leasing addresses one of the most significant challenges businesses face: high upfront capital expenditure. Purchasing EVs typically requires a substantial down payment, ranging from 10–25% of the vehicle's cost. Leasing, in contrast, demands only a security deposit equivalent to 3–6 months of lease payments, enabling businesses to scale their fleets with minimal initial investment. This approach not only preserves cash flow but also provides predictable monthly expenses, simplifying financial planning.
04.12 / 12:17
FIVE CEO JP Morgan Asia Growth & Income manager Ayaz Ebrahim steps down following company promotion
Following his departure, the trust will continue to be run co-managers Robert Lloyd and Pauline Ng. Lloyd had co-run the trust with Ebrahim for six of the latter's eight years, with Ng joining the management team in the summer. Both Lloyd and Ng have worked within the wider JPMAM teams for over 15 years. JP Morgan Asia Growth & Income names additional co-manager Prior to joining JPMAM in 2015, Ebrahim worked for more than five years at Amundi Hong Kong, where he was CIO of Asia ex-Japan equities and deputy CEO of the division. Chair of JAGI, Richard Stagg, said «The board wou...
04.12 / 12:17
Premier Miton profits fall 22% as chair advocates for return of active management
According to its full year results published today (4 December), Premier Miton's adjusted profits for the 12 months to 30 September 2024 fell from £15.7m to £12.2m, representing a 22% decline, still above economists' expectations by 2%, according to Peel Hunt.  During the same period, the company's AUM jumped by 9% from £9.8bn to £10.7bn, a figure that has since increased to £10.9bn, as of 30 November.  The firm also managed to curb its outflows over the course of the year, from over £1.1bn in 2023 to £318m. Premier Miton's chair Robert Colthorpe noted the asset manager's 2024 resu...
04.12 / 12:17
UPS reports Nick Train's Finsbury Growth & Income introduces continuation vote as annual discount doubles
In its annual results published today (4 December), the FGT board said the trust did not take its continued support from clients «for granted» and said so far «no shareholder has expressed to us any appetite for a material change in [investment] approach». Lindsell Train investment trust attempts to improve ailing share price as Nick Train backs data and tech News about the continuation vote came as the trust announced its annual results for the year to 30 September 2024 which reported that FGT's discount had widened to 8.7% in FY 2024, up from 4.4% in the same period a year prior. ...
04.12 / 12:01
markets Manufacturing Analysis show performer reports After the festive boost, passenger vehicle sales hit the skids in November
Subscribe to enjoy similar stories. Passenger vehicle (PV) sales, which have been struggling to maintain momentum throughout 2024, experienced yet another setback in November following the festive season-led surge, according to a Mint analysis of vehicle-registration data from the ministry of road transport and highways’ Vahan portal. PV sales contracted 7.6% year-on-year, with registrations dropping to 400,746 units in November from 433,677 units a year ago, showed the data.

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