Beyond Financial News

Supreme Court reserved judgment on whether a state government is empowered to make sub-classification in SC/ST quotas for deprived and weaker castes in these groups in admissions and public jobs. The issue before the top court was whether the Punjab Scheduled Castes and Backward Classes (Reservation in Services) Act 2006 — which provided Balmikis and Mazhabi Sikhs with 'first preference' reservation over 50% of the total seats reserved for SCs — is valid.

The artificial intelligence (AI) revolution is playing out, according to analysts at Wedbush, who believe there is a «tidal wave» of spending coming to the tech industry.

In the dynamic world of cryptocurrency, a new contender is making headlines with its potential to outperform Polygon (MATIC) significantly. This alternative, starting at just $0.01, is on the radar of investors and analysts alike, with projections setting its sights on a monumental climb to $12 by 2024. Amidst the crowded digital currency market, this emerging token stands out for its innovative technology, promising utility, and strategic roadmap that could not only rival but potentially eclipse the success of established players like Polygon. As we delve into its ecosystem, tokenomics, and future plans, it’s clear why this cryptocurrency is considered a game-changer, attracting attention from all corners of the investment world.

The move underscores Ripple's commitment to regulatory compliance and enables the company to expand beyond its primary payments network into other blockchain-based financial products for institutional clients. Under the proposed deal, Ripple will gain access to Standard Custody's limited purpose trust charter and its money transmitter licenses, contributing to the firm's growing portfolio of regulatory licenses.

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry.

Mint in an interview. He also added that there are plenty of lessons the industry can learn from the Byju's fiasco. GSV has invested in Indian edtech companies including Physics Wallah, Lead Schools and Apna and manages about $800 million in assets.

The most transformational infrastructure project for the Chandigarh capital region, the metro rail network promises to radically improve connectivity across the Tricity, comprising Chandigarh, Panchkula and Mohali. With Phase 1 spanning over 82 kms and 67 stations covering key locales, the metro aims to decongest traffic and enhance livability.

Valentine’s Day serves as an occasion to make your partner feel special. In addition to planning a date and buying expensive gifts, try to gift your loved ones with something that can enhance their financial security. If your partner is not much into savings and investment, Valentine’s can be the occasion to initiate a conversation around financial literacy.  Here are the top 5 financial gifts people can give to their loved ones on Valentine’s Day.

GoKwik, has reported that the direct to consumer (D2C) brands on its network witnessed 12.72% increase in sales during the Republic Day sale week compared to the week prior. The GMV or Gross Merchandise Volume also saw a nominal rise of 10%. The growth in the first quarter of FY 2024 has been muted after a great performance in the last quarter of 2023, despite Republic Day, which is usually a marquee sales event at the start of the year to give the necessary boost to brands. “With shoppers going all out in the long festive season sale period in 2023, followed by the Black Friday sale that has increasingly grown popular amongst Indians, a modest surge in the Republic Day sale period could be a natural resting period in the first month of 2024. Moreover, with macro headwinds such as high-interest rates, layoffs, etc, shoppers might have been more conservative in their spending this time around. However, this seems to be a temporary trend and the consumption is likely to pick up with D2C’s favourite Valentine’s Day sale period coming up,” said Chirag Taneja, Co-Founder and CEO, GoKwik.

Soulmate AI is a trending new project integrating artificial intelligence with personal companionship. It caters to the massively increased interest in AI girlfriends, offering users a unique opportunity to engage with digital companions like never before.

NHPC shares witnesses an impressive 8.4 percent surge following the company's declaration of an interim dividend of ₹1.4 per share for the fiscal year 2023-24, on Tuesday's trading session. Despite facing challenges in the third quarter, analysts maintain a positive outlook on the stock, largely due to its attractive 2.5 percent dividend yield.

Maharashtra, Karnataka, Gujarat, West Bengal and New Delhi — witnessed an average growth of around 27-30% in AAUM (average assets under management) in January 2024 on a year-on-year basis, according to a report by ICRA Analytics. In terms of contribution, these 4 states and Union Territory accounted for nearly 68.46% of the total AAUM of Rs 52.89 lakh crore in January 2024, marginally down from a contribution of 69.43% in January 2023, stated the report. The average asset under management of Maharashtra stood at Rs 21.69 lakh crore in January witnessing year-on-year growth of 27% from Rs 17.13 lakh crore in January 2023.

Tata Power Co. Ltd’s stock plunged 8% on Monday after the company reported sombre earnings for the December quarter (Q3FY24). Still, the power producer’s outlook is upbeat owing to an expected scale-up in its renewables business.

Federal officials are investigating an incident in which an American Airlines jet ran off the end of a runway after landing at Dallas-Fort Worth International Airport over the weekend

By Valentine Hilaire

(This Feb. 8 column has been corrected to change the type of company to 'an employer with fewer than 20 workers' instead of 'an employer with 20 or fewer workers,' in paragraph 6)

India's annual capital spending on developing oilfields will fall from next year, shrinking by about a fifth by 2030 in the absence of major discoveries, which will lead to a drop in domestic oil production and expand dependence on imports, according to the International Energy Agency (IEA). Capital expenditure on developing oil projects is estimated to drop below $3.5 billion in 2030 from around $4.3 billion in 2024. The estimates are based on the current pipeline of upstream projects, said Toril Bosoni, the head of oil markets at IEA. «It's possible that there will be finds, and new project developments will come online, but most of the time, the lag between discovery and production is beyond this time frame,» said Bosoni, referring to the IEA study which factors in capacity till 2030.

India’s 18th Lok Sabha elections will be held in the first quarter of fiscal year 2024-25. One of the major campaign planks that the ruling Bharatiya Janata Party (BJP) has adopted is the aspiration of a “viksit" or developed India by 2047. A developed country is widely understood as one that is industrialized, has a high Gross National Income (GNI) per capita, scores well on human development indicators and has institutions of quality.

: Vedanta, the largest aluminium producer in India, will soon become the lowest cost producer of the silver-white metal in the world as the company works on backward integration of its supply chain, including acquisition of more coal mines, according to John Slaven, the chief executive of the company’s aluminium business. The company also has firm plans of expanding its production capacity to 3 million tonnes (MT) a year from 2.4 MT at present in 18-24 months. It is also working on expanding capacity “significantly beyond that," Slaven said.

Motilal Oswal Financial Services had a buy rating with a target price of ₹515. Many other analyst firms have also provided an optimistic growth outlook for ITC. However, ITC's stock recently faced an avoidable overreaction from some investors following the BAT indication to reduce their shareholding for immediate cash requirements.

If you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it?