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11.11 / 11:07
NVIDIA MSCI Fundsmith's profit decline forces Terry Smith to take second pay cut
Smith took home at least £27.9m before tax, down from £31.2m a year ago, according to the firm's accounts filed on Companies House on Friday (8 November). In the 12-months to 31 March 2024, Fundsmith's profits fell to £46.4m, down from £50m last year, a figure that has resulted in the 17 profit-taking members receiving reduced pay outs.  Terry Smith: Nvidia is too unpredictable for Fundsmith to invest in This comes as Smith's flagship fund, Fundsmith Equity, which manages £22.8bn for its investors, continues to underperform its MSCI World benchmark having made 8.4% versus 19.3%, re...
11.11 / 10:51
markets Analysis economy Election Trade President country Investors see safety in India as Trump win casts shadow on emerging markets
Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors.
11.11 / 10:51
markets UPS Citi Provident FIVE Analysis Trade Fee-based biz helped Share India grow Q2 numbers; to focus on retail business going forward: Sachin Gupta
Sachin Gupta, CEO, Share India Securities, says there was a huge growth in demand in MTF. Further, Share India focused on the merchant banking side, helping some companies to get listed on the SME side and that also gave good revenues. Recently they have started the institutional desk where we empanelled 113 institutions in the last one-and-a-half years. All these factors focusing on the fee-based businesses helped Share India a lot. Going further, they will focus on increasing the retail business. Let us look at your numbers. Your overall numbers in Q2 were pretty strong both on a sequential basis as well as year-on-year basis. What are the factors that led to the growth in Q2? Even your broking clients are up 35% sequentially which is marking a three-fold increase from Q2 of FY24. What led to that? Sachin Gupta: A number of factors worked in our favour. One, definitely market participation was good overall. But on the Share India side, in the last two years, we focused more on the retail side for which we started providing MTF (margin trading facility) services to the clients. We saw a huge growth, huge demand in MTF and Share India book stands at around Rs 250 crore by the end of September.
11.11 / 10:51
markets Enterprise WhatsApp Trade hospital Updates Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 6.91 points down at 24141.3, while BSE Sensex 9.83 points to 79496.15.
11.11 / 10:51
markets Provident Digital Strategy Research Experts PAM AI startup Sparkcognition rebrands as Avathon, to triple India headcount in two years
The company, which provides safety monitoring for infrastructure assets across sectors such as aerospace, defence, oil and gas, is also rebranding itself as Avathon. “India is at the heart of Avathon’s roadmap, with AI projected to contribute over 50% of the Asia-Pacific region’s growth in traditional industries by 2028. India will play a pivotal role in our expansion, serving as a hub for product engineering, delivery, support and R&D," Johar said.
11.11 / 10:51
markets UPS Strategy Actor PAM shock Sabyasachi shines in Hollywood: Jennifer Lopez opts for Indian designer's jewellery again
Jennifer Lopez is one of them. On Saturday, Jennifer Lopez attended the premiere of Wicked at the Dorothy Chandler Pavilion in Los Angeles looking stunning in an intricately beaded cutout gown by designer Zuhair Murad. She paired it with shimmering earth-tone look with glittering nude heels, a sparkling clutch purse, and chunky beaded bracelets by Sabyasachi. ALSO READ: Sean Diddy's fling with Jennifer Lopez is haunting the actor amid divorce with Ben Affleck? Shocking details emerge
11.11 / 10:51
markets UPS Strategy Analysis Trade Experts Sensex, Nifty end choppy trade on flat note weighed by weak earnings and foreign outflows
The BSE Sensex inched up 10 points or 0.01% to settle at 79,496, while the NSE Nifty slipped 7 points or 0.03% to close at 24,141.
11.11 / 10:51
markets Manufacturing Strategy economy Sustainability Election Opinion Donald Trump inherits Biden economy at a tricky time
Donald Trump will inherit, to all appearances, a solid economy when he assumes the presidency in January. After all, the stock market is at record highs, unemployment is low by historical standards and gross domestic product has been expanding at a healthy pace of around 2.5% so far this year. Yet there’s a reason for voter dissatisfaction with the economy and, beneath the surface, there are several risks for Trump 2.0 as he thinks about enacting his trade and fiscal agenda. Let’s start with jobs. Trump took over a stable labor market in 2017, with the unemployment rate falling throughout the previous year and payroll growth steady at roughly 200,000 a month. That’s not true this time around: The jobless rate has been on the rise, hiring is below normal and payroll growth has cooled since the first quarter. The three-month average for private payrolls additions at 78,000 from June to August was the slowest since 2010 outside of the pandemic period. (The September number is still subject to revision and October was heavily affected by a strike and hurricanes). The level of job openings relative to the size of the workforce has fallen back to pre-Covid levels and continues to decline. While the deterioration in the labor market has been gradual, Trump’s team will need to reverse this negative momentum quickly if he wants to sustain the economic expansion and hold on to his electoral gains in the 2026 midterm elections.
11.11 / 10:51
markets Strategy Analysis Trade Experts AGRO Updates Stock market update: Fertilisers stocks down as market rises
Aries Agro Ltd.(up 10.71%), Zuari Agro Chemicals Ltd.(up 5.97%), Rama Phosphates Ltd.(up 5.75%), Agro Phos India Ltd.(up 1.80%) and Madhya Bharat Agro Products Ltd.(up 0.19%) stood among the top gainers.
11.11 / 10:51
markets Progressive Strategy Election PAM inclusion Maharashtra elections: Wrong to demand votes along religious lines, says Piyush Goyal
Piyush Goyal said on Monday. He appealed to people to choose the BJP-led Mahayuti, which he said is committed to development and progress in the November 20 Maharashtra assembly elections. Stressing that the Mahayuti has been promoting inclusive policies and avoiding divisive tactics, the Mumbai North MP appealed to voters to move beyond religious lines and choose development and progress. He slammed Congress for allegedly not keeping the pre-poll promises in the party-ruled states and Shiv Sena (UBT) leader Uddhav Thackeray for joining hands with the parties that «spread fear and misinformation».
11.11 / 10:27
COST Waters Bill performer reports prevention Features 25 litre geysers are ideal for all households: Pick from top 10 options for relaxed winters
Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Customers find the product cost-effective and visually appealing. Some noted minor issues with quality and parts.Why choose this product?Efficient, stylish, and built with advanced safety, it’s an excellent choice for affordable hot water heating.The Havells Instanio Prime 25-L storage water heater is a high-performance model that combines functionality and style.
11.11 / 10:27
COST Target wellness show performer stage reports Tata Motors: Road ahead smoother after speed bumps in Q2?
Subscribe to enjoy similar stories. Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well. Factors that had dampened sales of its UK-based luxury car subsidiary, Jaguar Land Rover Automotive Plc (JLR), in the September quarter (Q2FY25) have now been resolved, setting the stage for a sales recovery in the second half of the fiscal year.
11.11 / 10:19
markets UPS Digital Experts rights cricket Sanjay Manjrekar blasts Gambhir, says 'Keep him away from media, he doesn't have...'
Gautam Gambhir, former India cricketer Sanjay Manjrekar on Monday said the India head coach lacks the «right demeanour and words» while interacting with the press and urged the BCCI to keep him away from the media duties. Manjrekar's comments came hours after Gambhir addressed media in pre-departure press conference ahead of the five-Test Border Gavaskar Trophy against Australia. Gambhir, known to be blunt, responded to questions on struggle of Virat Kohli and Rohit Sharma in run up to the Border Gavaskar Trophy, Ricky Ponting's observations on Kohli's form, Indian's team's impending transition and the team combination for the Australia tour. «Just watched Gambhir in the press conference. May be wise for @BCCI to keep him away from such duties, let him work behind the scenes,» Manjrekar wrote on 'X'.
11.11 / 10:19
markets Strategy Analysis wellness trends Trade reports Vedanta Q2 Results: Company is back in black with Rs 5,603 crore net profit, aims to cut more debt
Despite a dividend payout of more than ₹12,000 crore during the quarter, the company managed to bring down its debt on a sequential basis by using proceeds from its QIP issue, funds from the stake sale in Hindustan Zinc, and its free cash flow. Net debt fell to ₹56,927 crore at the end of the September quarter from ₹61,324 crore a quarter ago. The net debt is lower than the previous year’s ₹57,771 crore as well.
11.11 / 10:19
markets Digital Strategy awards Trade PAM reports RBI issues framework for reclassification of FPI to FDI
foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.
11.11 / 10:19
markets Sustainability Election President PAM social Muhammad Yunus called Donald Trump 'messiah' in his congratulatory letter. Is it real or fake?
Muhammad Yunus, chief adviser of Bangladesh interim government congratulating US President-elect Donald Trump and calling him 'messiah' is going viral on social media. The viral letter has been posted on social media with a caption which reads, «Hitler md Yunus Wrote Trump is the messiah. #Bangladesh. Then What About black days of America? Solar eclipses in USA, Inhuman trump that you Speech Against president Trump? (sic).» The letter is going extremely viral on Facebook and X.
11.11 / 10:19
markets Digital Airlines Experts Justice hospital Courts Bombay HC grants medical bail to Jet Airways founder Naresh Goyal
In May this year, a single bench of Justice N J Jamadar granted interim bail to Goyal on medical grounds. Last year, Goyal was arrested by the Enforcement Directorate (ED) in an alleged money-laundering case. The ED probe came after a criminal complaint against Goyal by Canara Bank. Justice Jamadar on Monday made the interim order permanent.
11.11 / 10:19
markets Digital trends Trade President country Latin In South America, Trump already losing a trade battle with China
White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington's backyard. Peru, the world's no. 2 copper exporter, is set to host Asia-Pacific Economic Cooperation leaders this week, with China's President Xi Jinping expected to attend and inaugurate a major new Chinese-built port in the country. Outgoing U.S. President Joe Biden is also on the guest list. Peru reflects a wider challenge for the White House around South America, where China's presence has grown rapidly given its huge appetite for the region's main exports: corn, copper, soy, beef and battery-metal lithium.
11.11 / 10:19
markets Digital Platform Strategy Sustainability Food Swiggy may soon deliver advice on love, divorce, career, or diet at your doorstep
Swiggy and Zomato, are testing various services to diversify beyond their core operations, sources close to the matter shared. Bengaluru-based Swiggy is piloting a new services marketplace called 'Yello,' offering customers access to professionals such as lawyers, astrologers, dieticians, therapists, and fitness trainers. According to insiders, this initiative could potentially be hosted within the main Swiggy app or as a separate platform. This move aligns with Swiggy’s larger goal of expanding beyond food and grocery delivery. Swiggy is also exploring a premium membership service named ‘Rare,’ catering to affluent customers with perks like access to exclusive events and priority restaurant reservations. These offerings signal a strategic push into high-value services as Swiggy nears its planned stock market listing on November 13.
11.11 / 10:19
markets Digital Election WhatsApp Experts Fought Lok Sabha polls against my wish, didn't feel bad about loss: BJP leader Pankaja Munde
Pankaja Munde has said that she contested the Lok Sabha election from the Beed constituency this year against her wish and did not feel bad about her loss. Canvassing for her cousin NCP leader Dhananjay Munde for the November 20 Maharashtra polls, the BJP MLC on Sunday said that while seeking votes for him, she felt like she was receiving a «send-off party» and was being freed of a responsibility. Pankaja Munde held a Diwali Sneh Milan in Parli, where she addressed her supporters on Sunday. «While seeking votes for Dhananjay Munde, I feel like I am receiving a send-off party and being freed of a responsibility. I fought the Lok Sabha election against my wish. I did not cry after my defeat, but cried when someone committed suicide after my loss,» she said.

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