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24.10 / 16:51
markets Strategy Trade reports Updates abrdn shares plunge 8% as investors pull £3.1bn in third quarter
In its quarterly trading update today (24 October), the firm reported £3.5bn in net outflows from its investment arm, bringing the year-to-date total for the division to £4.5bn — a significant drop from the £13.5bn withdrawn by investors during the same period last year. The FTSE 250 asset manager said outflows were primarily driven by equities, which remain impacted by «challenging conditions» for flows in Asia and emerging markets, along with a shift towards passive and quantitative strategies. Investors pulled a net £2.4bn from the firm's equities strategies during the quarter, off...
24.10 / 16:51
FIVE Research diving Chikara bolsters Japanese equity team with ex-Ruffer manager as Japan Alpha fund closes
Wyld joins portfolio manager Richard Aston and deputy portfolio manager and analyst Megumi Takayama, who ran both the Chikara Japan Income & Growth fund and the CC Japan Income & Growth trust. Deep Dive: Japanese corporate governance reforms finally start bearing fruit for investors Prior to joining Chikara, Wyld worked at Ruffer for five years, starting out as an analyst and most recently serving as co-manager of the Ruffer Japanese fund. He also did a three-year stint as a research analyst at JM Finn between 2015 and 2018. "[Wyld] is joining a skilled and highly experienced team,...
24.10 / 16:51
Liontrust Economic Advantage fund manager Julian Fosh takes leave of absence
Fosh has managed the firm's UK Smaller Companies fund alongside Anthony Cross since 2008, having joined Liontrust in the same year as a portfolio manager on the Economic Advantage team. Prior to that, he worked for Saracen Fund Managers, where between 2004 and 2008 he was co-manager of the Saracen Growth fund. Liontrust and Premier Miton most likely to be impacted by potential removal of AIM relief According to FE fundinfo, Fosh also co-manages the Liontrust Special Situations, Liontrust UK Growth, Liontrust UK Micro Cap, Liontrust GF Special Situations and Liontrust GF UK Growth f...
24.10 / 16:29
markets BLOCK Software Tesla NVIDIA Videos International AI exports bigger opportunity for India than chips, says Nvidia’s Huang
Also read | Nvidia’s partnership with Reliance, Tatas to boost India’s AI infrastructureHuang said that computer hardware technology today has reached its limit in terms of how many transistors can be crammed into a chip, and by extension how powerful processors can be.“We can no longer afford to do nothing in software and expect to improve computing experience," he said. “We started our company to improve software."Nvidia makes high-end graphics processing units (GPU) that coupled with the firm’s CUDA software handle multiple simpler tasks simultaneously rather than handling complex calculations that conventional processors do.
24.10 / 16:29
UPS Apple Align reports Features Sporting Apple's iPhone SE 4 mass production by year-end, major upgrades expected for 2025 launch: Kuo
iPhone SE 4 between the end of this year and the close of Q1 2025, further aligning with previous projections for its launch timeline. This production milestone mirrors earlier reports from Bloomberg’s Mark Gurman, who noted that Apple is gearing up for the release of a new SE model, codenamed V59.The iPhone SE 4 is expected to bring a significant design overhaul, abandoning the dated iPhone 8-like appearance seen in its predecessor.
24.10 / 16:11
markets Fox economy show Mortgage rates rise for fourth straight week
Bahnsen Group managing partner David Bahnsen discusses market volatility and analyzes the real estate market on The Big Money Show.
24.10 / 16:07
markets Digital awards community innovations Schools International Three Indian schools from Delhi, Ratlam, and Madurai win World's best school prizes 2024 for innovation and community impact
World's Best School Prizes 2024. Ryan International School in Delhi, CM RISE School Vinoba in Ratlam, and Kalvi International Public School in Madurai were each honored with awards. CM RISE School Vinoba received the prize in the Innovation category. Ryan International School won the Environmental Action category. Kalvi International Public School received the Community Choice Award after securing the most public votes among 50 shortlisted schools. The awards are presented by T4 Education, a London-based organization, in collaboration with Accenture, American Express, and the Lemann Foundation. Jill Huntley from Accenture praised the winners, saying, “Your innovative solutions will inspire countless others across the world to take the action necessary to safeguard the future of our planet.”
24.10 / 16:07
markets Digital Ball Strategy Experts PAM bowling Radha Yadav stars in India's 59-run win over NZ in first women's ODI
Radha Yadav, drove India to a comfortable 59-run victory over New Zealand in the first women's ODI here on Thursday. India now lead the three-match series 1-0, after bowling out the Kiwis for 168 who were chasing a gettable 228. Left-arm spinner Yadav (3/35) was India's lead act in bowling. Debutant pacer Saima Thakor inflicted the first blow in only the second ball of her international career, removing Suzie Bates (1). Bates feathered an away-swinger to Yastika Bhatia behind the stumps.
24.10 / 16:07
markets Strategy President Experts Universities PAM Schools JNU professor Mazhar Asif appointed Jamia Millia Islamia vice chancellor
Droupadi Murmu on Thursday appointed Mazhar Asif as the vice chancellor of the Jamia Millia Islamia, according to Union Ministry of Education officials. Asif is currently a professor at Jawaharlal Nehru University's (JNU) School of Languages. «The president, in her capacity as the visitor of Jamia Millia Islamia, has appointed Professor Mazhar Asif, School of Languages, JNU, as the vice chancellor of Jamia for five years from the date on which he enters upon his office or until he attains the age of 70 years, whichever is earlier,» a ministry official said. Asif, a JNU alumnus, was a member of the drafting committee for the new National Education Policy, 2020.
24.10 / 16:07
markets COST UPS Analysis Food Trade Experts ITC Q2 Results: PAT grows 3% to Rs 5,078 crore, revenue rises 16%
ITC Ltd on Thursday reported a 3% year-on-year (yoy) growth in its net profit at Rs 5078.34 crore for the second quarter ending September, while gross revenue from sale of products and services went up by 16% yoy at Rs 20,359.95 crore which the company attributed to the agriculture and hotels businesses. The conglomerate said the “resilient performance” was at a time when demand was subdued, the country faced unusually heavy rains, high food inflation and sharp escalation in certain input costs such as that of wood and leaf tobacco.
24.10 / 16:07
markets Art security Strategy Analysis Research Trade NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore
NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs 45,384.64 crore a year ago.
24.10 / 16:07
markets Digital Career Experts reports Interviews Relationships Sean ‘Diddy’ Combs gets engulfed in another controversy: Jennifer Lopez’s ex-husband Ojani Noa blames him for their divorce
Ojani Noa, the ex-husband of Jennifer Lopez, attributes their divorce to Sean Diddy Combs. In an interview with ‘Despierta America,’ Noa revealed the dissolution of the couple's brief, from 1997 to 1998, marriage. Diddy was partly to blame for that divorce, Noa said in response to a question concerning the couple's split, as quoted in a report by Page Six. In Spanish, Combs was going to be one of the producers of several tracks on the first album 'On The 6' when Sony came and paid her the millions she got. That's where the lies, the deceit, and the separation began. She was working on the album between Miami and New York, and I was in Los Angeles opening my restaurant. Regarding his divorce from the ‘On The Floor’ hitmaker, Noa continued, that's where the deception began—that distance, that separation.
24.10 / 16:07
markets Digital security Strategy President Experts PAM NBFC growth to be hit due to rising unsecured loan stress
Unsecured loans like micro finance, personal loans, credit cards and business loans will continue to be a source of stress for non bank financial companies (NBFCs) this fiscal year as borrowers’ repayment capacities are likely to be hit due to higher interest rates, rating agency ICRA said. This rising stress is expected to cause a slowdown growth in microfinance loans by 10% to 12%, and a 19% to 21% in other unsecured loans. The stress will also spill over to secured loans like small mortgages, vehicle loans and other small ticket loans, the rating agency said. High credit growth in the previous two years has potentially resulted in over leveraging in some assets, and a slower credit growth due to higher risk weights by the regulator, can damage the refinancing ability of some borrows.
24.10 / 16:07
COST UPS Analysis Trade reports UPS returns to profit, revenue growth ahead of crucial holidays; shares jump 10%
United Parcel Service reported better-than-expected quarterly profit and revenue on Thursday, ahead of the crucial peak holiday season, boosted by rebounding volume and effective cost controls and shares soared as much as 10% in early trading. The world's biggest package delivery firm also raised its full-year adjusted operating margin forecast despite customers' ongoing switch to slower, cheaper deliveries in the long retrenchment that followed the early pandemic's e-commerce boom.
24.10 / 16:07
markets Citi Strategy trends Experts country reports Bengaluru leads as top job hub with 9.3 pc salary growth: Report
Bengaluru dominated as the country's top city for job opportunities and salary growth as it has registered a 9.3 per cent year-on-year increase, closely followed by Chennai and Delhi, a report said on Thursday. This growth underlines Bengaluru's reputation as a technology and business hub as the average monthly unified salary in the city stood at Rs 29,500, making it the highest-paying city in the country, according to TeamLease Services Jobs and Salaries Primer report for FY24. The report is based on an analysis of unified salaries across temporary and permanent hiring markets. This was closely followed by Chennai and Delhi, which reported strong salary growth of 7.5 per cent and 7.3 per cent, respectively, reflecting the competitive nature of these job markets, it noted.
24.10 / 16:07
markets UPS Digital Experts PAM reports travelers Online travel aggregator Ixigo registers 51% decline in net profit to Rs 14 crore in Q2
Le Travenues Technology, the parent company of online travel aggregator Ixigo, which went public in June, saw its net profit decline by 51% year-on-year (YoY) to Rs 14 crore for the quarter ended September 2024. The company reported operating revenue of Rs 206 crore for the quarter, up 26% from Rs 164 crore a year ago. The company’s total expenses rose to Rs 191 crore in the September quarter from Rs 169 crore in the same period last year.
24.10 / 13:47
UPS FIVE NOC cover exclusive Traffic Govt doesn’t want inland waterway terminals to rival major ports for business
Subscribe to enjoy similar stories. New Delhi: The government plans to restrict development of inland waterway terminals (IWTs) near major ports to protect the economic interests of these ports. From now on, such development will need a no-objection certificate (NoC) from the major port authority involved.
24.10 / 13:47
Target Platform security Align reports rights Investigations Data privacy breach: LinkedIn hit with €310 million fine by Irish regulators
LinkedIn's lead privacy regulator in the 27-nation EU, the Dublin-based commission conducted an investigation that concluded the professional networking site lacked a lawful basis for collecting user data intended for targeted online advertisements, added the AP report. This violation of the General Data Protection Regulation (GDPR) represents a serious infraction of the right to data protection within the EU.Reportedly, Deputy Commissioner Graham Doyle emphasised the severity of the situation, stating that processing personal data “without an appropriate legal basis is a clear and serious violation" of established privacy rights.
24.10 / 13:47
UPS Apple Remark Sony love Features Amazon Diwali Sale Dhamaka Offers: Gas stoves, cookers and pans starting at ₹499, hurry up and get up to 80% off
₹499. This festive season, elevate your cooking experience with top-quality kitchenware at incredible prices.
24.10 / 13:47
UPS Election wellness President Inside information Department Inside Trump world’s prep for a second term
Subscribe to enjoy similar stories. WASHINGTON—As Donald Trump’s allies began staffing up the transition team that will lay the groundwork for his potential second term, they drew a line in the sand.
24.10 / 13:47
markets COST IPO Provident wellness blues reports Can Ecom Express’s IPO succeed when Delhivery’s stock has failed to deliver?
Subscribe to enjoy similar stories. Mumbai: Early last year, Ecom Express’s investors were looking for a successor to take over the reins from T.A. Krishnan, the third-party logistics (3PL) company’s co-founder and chief executive.

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