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21.11 / 12:59
markets COST trends Trade Experts reports Goldman Sachs sees Nifty climbing to 27,000 in 2025, upgrades IT to overweight
equity markets in 2025, with the Nifty 50 likely to reach 27,000, rebounding from its current 9.5% dip below the September 2024 peak due to FII outflows. The brokerage has elevated resilient export-oriented sectors like IT and pharma to overweight and market weight, respectively, benefiting from improving demand, a weaker rupee and defensive attributes. Goldman Sachs said the expected rebound in the Nifty 50 index would be fueled by a combination of mid-teen earnings growth and strategic focus on export-oriented sectors like IT and pharma, which have been upgraded to reflect their favorable positioning in the current macroeconomic environment, benefiting from improving global demand, tailwinds from a weaker rupee, and defensive characteristics. The brokerage report highlights stable revenue visibility in these sectors, supported by structural demand trends and cost advantages.
21.11 / 12:59
markets Digital Strategy Sustainability awards Research Schools Indian School of Business receives CSR gift of Rs 30 crore from Ramoji Foundation
Indian School of Business (ISB) has received a CSR gift of Rs 30 crore from the Ramoji Foundation towards aiding infrastructure development at the school’s Hyderabad campus, the institute said in a release on Thursday. The funds received through this gift will support the construction of a state-of-the-art 430-seater auditorium as part of the upcoming Executive Centre. Upon completion, the facility will boost the school’s capacity to host international conferences, research seminars, distinguished lectures, and other academic events. Harish Manwani, Chairperson of the ISB Board, said in a statement: “The largesse of our donors has played an important role in ISB's ability to stay true to its vision of being a world-class institution for learning and research. We are grateful for this contribution from Ramoji Foundation that will go a long way in sustaining the top-notch infrastructure that enables ISB in this endeavour.”
21.11 / 12:59
markets Digital Refugees students Schools Updates International Canada to hike application fees for temporary residents on December 1
The fee increases will apply to several types of applications, including those for the restoration of temporary resident status, authorization to return to Canada, criminal rehabilitation for serious criminality, and Temporary Resident Permits (TRPs). Immigration, Refugees and Citizenship Canada (IRCC) has not yet released the updated application fees.
21.11 / 12:59
markets Strategy Mobile awards AVP reports Jio, Airtel, VIL collectively lose over 1 cr mobile subscribers in Sep; BSNL adds users
Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI. Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users). Bharat Sanchar Nigam Ltd (BSNL) added 8.49 lakh users to its wireless subscriber tally. The wireless subscriber base of Reliance Jio stood at 46.37 crore in September, while that of Bharti Airtel was 38.34 crore. The wireless user base of Vodafone Idea was 21.24 crore as of September 2024.
21.11 / 12:43
UPS FIVE Headlines Global dividends hit Q3 record high despite significant cuts
According to the latest Janus Henderson Global Dividend index, dividends were up 3.1% in Q3 year-on-year on both a headline and underlying basis, with 88% of companies globally maintaining or raising payouts. However, low levels of special dividend payments held back the headline growth rate by more than expected in the third quarter while material cuts by five companies dragged down the growth rate by 3.5%. This was mainly attributed to Evergreen Marine in Taiwan and Glencore in the UK, whose payout reductions impacted the Q3 growth rate by 3.4% between them. Global dividends surg...
21.11 / 12:43
security social Triple Point Social Housing £20m portfolio sale falls through after buyer fails to secure funding
The buyer, which had already completed their operational due diligence and agreed head of terms for the transaction, will continue to pursue other funding options, the trust said in a stock exchange notice today (21 November). In June, the SOHO board said that it had agreed heads of terms on a portfolio sale at an aggregate value in excess of £20m, with completion expected prior to the release of the interim results in September. However, the date for the expected completion of the deal was moved to November to allow for enough time for the buyer's debt funder to «finalise their proce...
21.11 / 12:43
Gap Research show inclusion reports Women over 50 heavily unrepresented in investment management workforce
According to the IA's Culture, Talent and Inclusion report, there is an 18% gap between the proportion of 50–64-year-old women and men working in the investment management industry, with women from this age bracket accounting for just 8% of the workforce.  This is larger than the industry-wide discrepancy between male and female employees overall, which stands at 53% and 41%, respectively.  The IA's research showed that increasing care responsibilities for children and aging parents begin to impact women over 35, and the menopause is thought to be an impact on middle-aged women's abil...
21.11 / 12:01
markets SEC security WhatsApp Justice Department Investigations The $250 million Adani bribery case: whistleblower complaints, WhatsApp texts, and ‘incentives’
Subscribe to enjoy similar stories. Two whistleblower complaints flagging financial impropriety at a small New York Stock Exchange-listed company marked the start of a two-year probe by the US government into the Adani group.
21.11 / 12:01
COST UPS Qualcomm Features International Vivo Y300 5G launched in India Snapdragon 4 Gen 2 chipset: Check price and specifications
₹21,999 for the 8GB + 128GB model and ₹23,999 for the 8GB + 256GB configuration. It is currently open for pre-booking via Vivo India's e-store, with general sales commencing on 26th November.Buyers who pre-book can avail of a flat ₹2,000 cashback or choose an EMI option starting at ₹43 per day.
21.11 / 12:01
UPS Provident ICE Opinion Food performer Features Best selling refrigerators in India: Upgrade your kitchen with the top 10 elegant and modern refrigerators
Best refrigerators under ₹20000: Top 10 affordable options with efficiency and new-age features for every householdThe Godrej 436L 2-Star AI Tech Frost-Free Double Door Refrigerator is designed for larger families, holding plenty of food while using cutting-edge technology. With its Nano Shield Technology, it disinfects more than 95% of food surfaces, so you can trust that your food is fresh and safe.
21.11 / 12:01
UPS Entertainment exclusive Features Updates boating Amazon special discount for Prime members: 40% off on home appliances, essentials, furnishing, and more
Top deals for you:Transform your living space with Amazon's special discount for Prime members, featuring up to 40% off on home décor and furnishings. From cosy quilts to microfibre-filled bolster and cushion sets, find stylish additions to elevate your home’s ambience.
21.11 / 12:01
markets Target Apple NVIDIA show reports rights Nvidia’s coming year will be a turbulent one
Subscribe to enjoy similar stories. One problem with being on top is there is often nowhere to go but down. Nvidia’s breakneck growth over the past 18 months has definitely put the company on top—both of the burgeoning artificial-intelligence market and the stock market.
21.11 / 12:01
markets Citi Provident FIVE Diversity International Destinations Tax breaks, reforms, and returns: Why NRIs are banking big on India
Subscribe to enjoy similar stories. India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. Non-resident Indians (NRIs) are increasingly drawn to opportunities ranging from equities and mutual funds to real estate and GIFT City’s tax-efficient investment avenues.
21.11 / 12:01
COST Waters Research Micron Experts cover diving Can houseplants clean your air better than air purifiers? Read to find out
Clean Air Study, which suggested that certain houseplants could remove harmful pollutants like benzene and formaldehyde from the air. This research creates a picture that indoor air quality can be improved by adding plants to your space.
21.11 / 11:57
Health European Union European Parliament European Commission FTX collapse: Caroline Ellison handed 2-year prison sentence for 'greatest financial fraud ever'
A former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire was sentenced to two years in prison on Tuesday for the part she played in a fraud that stole billions of US dollars from investors, lenders, and customers.
21.11 / 10:15
Digital Google Platform Apple Trade social information Tim Berners-Lee wants people to get the internet back from Big Tech
Subscribe to enjoy similar stories. Tim Berners-Lee has a radical proposition. Instead of leaving our online data vulnerable to harvesting by large tech platforms and governments, we should control it.
21.11 / 10:15
UPS Sony performer stars Features International Oppo Find X8, Oppo Find X8 Pro launched in India with MediaTek Dimensity 9400 chipset: Price and specs
Oppo Find X8 is priced at ₹69,999 for the 12GB RAM + 256GB storage model, while the 16GB RAM + 512GB storage option is available at ₹79,999. It comes in two striking finishes: Space Black and Star Grey.For those seeking top-tier performance, the Oppo Find X8 Pro is priced at ₹99,999 for its sole variant with 16GB RAM and 512GB storage.
21.11 / 10:15
UPS Racing Cycling LEH Schools Features How Indian ultra cyclists are preparing for the Deccan Cliffhanger
Subscribe to enjoy similar stories. As a four-time winner of the Deccan Cliffhanger, Kabir Rachure knows what it takes to ace the 643km ultra cycling race from Pune to Goa. But the 11th edition of the race, which flags off on 30 November, features a new route and holds a number of unknownseven for experienced riders like him.
21.11 / 10:15
markets UPS FIVE Booking Manufacturing Strategy Inside Insiders are buying these five stocks amid the pullback
Subscribe to enjoy similar stories. My colleague and lead smallcap analyst at Equitymaster, Richa Agarwal, recently wrote this about insider buying amid this market correction. “If you have been following my articles, one of the things I track for my watch list is insider action. Unlike in the case of IPOs, which flourish in overvalued markets allowing promoters to monetise their stake at the best price possible, open market purchases by promoters in listed companies amid a market correction are a good starting point to dig further. As owners of the business, they are the majority stakeholders with the longest-term horizon in most cases. If they are willing to buy a meaningful quantity of stock with their personal money at the market price, it signals confidence." Her analysis is bang-on and I 100% agree with her.
21.11 / 09:43
markets Mobile Browser reports Baidu posts 3% drop in third-quarter revenues, beating market expectations
BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.
21.11 / 09:29
markets UPS Target wellness Trade President Cycling Ridham Desai predicts a very bullish story for equities, capex boom in next 3 years
Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

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