Beyond Financial News

India is likely to witness Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month this year — up 18-20 per cent from last year's festive month sales, a report showed on Friday. Marking the 10th year of e-commerce festive season sales, the industry is expected to clock the GMV of Rs 5,25,000 crore for the entire year, according to the report by market research firm Redseer Strategy Consultants. Over the last 10 years, Indian e-tailing has transformed almost entirely as the annual GMV for the overall e-tailing industry has grown almost 20 times in the period. The 10th festive season sale period is even more significant this year considering the recent slowdown in consumption and the almost 3 years of external shocks on the economy, the report mentioned. «Over the last several quarters, we are seeing enhanced GMV contributions from categories beyond electronics.

startups in India, its senior official told Bloomberg. The bank plans to work with companies that are pioneers in their sectors, developing new products or services, and is targeting companies with a large consumer orientation in India, as well as abroad, Kaustubh Kulkarni, the senior country officer for India said. “We want to be there first with those companies," Kulkarni said in an interview to Bloomberg.

Ranjit Rath, Chairman, Oil India, says “after economic sanctions against Russia came in, about $150 million from Oil India point of view is lying in one of the State Bank of India’s branches in Moscow. It is a matter of time before we are able to negotiate and get the money repatriated. Multiple channels of discussion processes are being evaluated including the legal options alternatives, G2G engagements. So, it is absolutely not a concern.”On Oil India’s investment in current yearExploration, development and production would encompass about 7,500 crore investment on a standalone basis from Oil India Limited for the current year.

Regional health officials in France say a 32-year-old woman is dead and a dozen people have been hospitalized after an apparent botulism outbreak

SAP Labs India, the local R&D arm of the world’s biggest enterprise resource planning (ERP) software company, will look to double by next year its artificial intelligence talent base, stretching its repertoire of services beyond bespoke ERP solutions.SAP Labs India, which has more than 12,000 employees across the country, did not give an absolute number for its AI talent but said India is the only location globally where each of its products and services is worked and developed upon.

Wealth managers proudly display a long list of designations and degrees after their signatures  – CFP, MBA, CPA, CFA, etc. – and deservedly so, considering the effort involved in achieving those titles.

Incoming Reserve Bank governor Michele Bullock has updated her register of personal interests after failing for more than a year to declare she was a member of the exclusive Qantas Chairman’s Lounge.

Environmental groups are calling on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant

Getstrong.biz insist, that they may appear daunting to newcomers, but with consistency and correct form, they're a rewarding addition to anyone's workout regimen. Pull ups primarily engage our latissimus dorsi, or 'lats', but their impact extends well beyond them. Other muscles like the biceps, trapezius, infraspinatus, pectoralis, brachialis, and even your abdominal muscles share the workload.

Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors

₹17,000 crore in the pipeline. Institutional positioning has remained net positive throughout FY24. Foreign portfolio investors (FPIs), although net sellers in September, have been net buyers to the tune of ₹1.58 trillion since April 2023.

Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), has once again expressed concerns about the prevalence of compliance issues and misconduct in the crypto space.

By David Rosenberg and Marius Jongstra

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Black White Orange, a licensing and brand solutions agency in India, has been appointed as the licensing partner by Viacom18 Studios for its new action film Fighter starring Hrithik Roshan and Deepika Padukone. The range, including apparel and accessories to collectibles and memorabilia, will also be available on the D2C brand www.a47.in.

Startup Thamizha,' a Tamil Startup reality show. As per a TOI report, taking inspiration from globally renowned shows like Shark Tank, which have significantly contributed to raising awareness about the startup ecosystem at both the national and international levels, Startup Tamizha aims to replicate this success within the state. This reality television show, 'Startup Thamizha,' is designed to connect carefully selected startups with active investors while simultaneously promoting awareness about startups throughout Tamil Nadu. StartupTN has issued a public tender to appoint producers and creative teams responsible for the show's production. The formal launch of 'Startup Thamizha' is expected to take place on a leading television channel soon.

Sensex today scaled a new all-time peak of 67,771 by beating the last high of 67,619 touched on July 20 this year, PSU stock NTPC has turned out to be the best performer in the last two months with a 23% return. Other top Sensex gainers during the period are L&T (17%), Tata Steel (11%), HCL Technologies (10%), Titan Company (9%) and Maruti Suzuki (7%). On the other hand, shares of ITC, which had recently announced the demerger of its hotels business, is down about 8%. Other losers include HUL, Asian Paints and Kotak Mahindra Bank which are down about 7% each. Heavyweight Reliance Industries, which has demerged Jio Financial Services into a separate listed entity, has lost over 6% since Sensex's last peak. Amid solid buying by domestic institutional and retail investors, India has become one of the best performing global markets in September by rallying around 4.2%. While many investors are expressing concerns around valuations, analysts find the valuations of bank stocks fair. «Strength in banking stocks can impart resilience to the market even though the overall market valuations are slowly rising beyond comfort levels,» said Dr.

Emma Coronel Aispuro, the wife of the infamous Mexican drug lord Joaquin “El Chapo” Guzman, has been released from federal custody. Coronel Aispuro, who was convicted for aiding her husband in running his multibillion-dollar criminal empire, reached a plea deal with federal prosecutors in 2021. Her charges included money laundering conspiracy and engaging in transactions with a foreign narcotics trafficker. Coronel was released following 27 months of incarceration. Currently, she is subject to supervised release.

Congress leader Priyanka Gandhi Vadra said that the party will raise the issue of a special relief package for the disaster-hit Himachal Pradesh, during this special session in Parliament, an official statement said on Wednesday. The Congress leader is on a visit to Himachal Pradesh to meet the people and victims of recent floods and landslides in the state. Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu and Priyanka Gandhi Vadra on Wednesday took stock of the relief and rehabilitation work in Shiv Bawari, Krishnanagar and Kanlog areas of Shimla. «The situation in Himachal Pradesh is very painful and the State has suffered immense losses. The State Government led by Chief Minister Thakur Sukhvinder Singh Sukhu is working tirelessly to provide relief to the disaster-affected people.

Sydney FC has added the head of one of Australia’s biggest social media agencies to its board as it tries to turn a massive groundswell of support for soccer following the FIFA Women’s World Cup into a new fan base.

India's G20 presidency was a breakthrough, said Vice-President Jagdeep Dhankhar, adding there was legitimate and rightful recognition of a resurgent India as a global power. Addressing the research faculty of the Indian Council of World Affairs (ICWA) at Sapru House on Wednesday, the Vice-President noted the widespread appreciation for India's role during its Presidency of the G20, and the success of the recently concluded G20 Leaders' Summit. Emphasizing that India was in a defining moment in history, the vice president urged researchers to make people aware of the achievements of the nation, stated an official release. «You are the window for every outsider to the country, and for every Indian citizen to the world,» he underlined. Highlighting India's rising stature on the global stage, the Vice-President traced India's journey from being part of the 'Fragile Five' to being the fifth-largest economy in the world. Dhankar added that some of the accomplishments that were taking place in India had once seemed beyond imagination for the world. «They can never imagine that this could happen in a country that has diversity of religion, caste, creed and language,» he elaborated. He urged research scholars of ICWA to be at the forefront of countering «pernicious, sinister narratives that are floated periodically about India». Stressing the need to engage in in-depth analysis of such narratives, the Vice-President said, «Your role is important in neutralizing such a crafted strategy only to taint, tarnish, demean, and decimate our Constitutional institutions.» The Vice-President, who is also the ex-officio President of ICWA, inaugurated the renovated library of ICWA at Sapru House.