Beyond Financial News

Gokaldas Exports (GEL) voted against four special resolutions related to the company's employee stock ownership plans (ESOPs), including a proposal to grant ESOPs exceeding 1% of equity to its managing director and vice chairperson Sivaramakrishnan Ganapathi. Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes in favour than against to pass, which was not achieved.

Donald Trump continues to talk about Canada after beginning his second term as United States President on Monday.

Subscribe to enjoy similar stories. There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate (MSR).

Subscribe to enjoy similar stories. Humanitarian supplies are pouring into the Gaza Strip at an unprecedented rate, as foreign governments and aid groups race during a pause in the fighting to bring much needed relief to the beleaguered population. The flows enabled by the cease-fire deal that went into effect Sunday morning are exceeding the 600 trucks a day called for in the agreement.

Jensen Huang, who is the CEO of Nvidia eventually hosted a lavish banquet in Taiwan in the month of January of the year 2025 which was attended by at least 35 executives from major technology partners while it included Quanta, Asus, Acer and TSMC, reported Tom’s Hardware.

Subscribe to enjoy similar stories. A burgeoning appetite for global diversification is driving Indian investors beyond domestic shores. Driven by a combination of technological advancements, a more permissive regulatory landscape, and the allure of higher returns, Indian capital is increasingly flowing into foreign markets.

Mercedes-Benz getting the nod for its cars to cruise at more than 90 kms per hour behind a leading vehicle in completely autonomous mode on German motorways, Katrin Lehmann, global chief information officer notes that this would not have been possible without the contribution of its Indian engineers in developing artificial intelligence (AI) technologies.

Subscribe to enjoy similar stories. Four simultaneous crisis have engulfed Indian agriculture. The first is an income crisis, with stagnant or falling incomes of farm households, which in turn has led to an investment crisis in agriculture.

Miuccia Prada and her co-creative director Raf Simons described the latest Prada menswear collaboration unveiled during Milan Fashion Week on Sunday as raw and romantic

Subscribe to enjoy similar stories. The love for chemistry at school got Subhasish Chakraborty to pursue a Bachelor of Science Honours from the University of Calcutta. He topped his batch and secured a gold medal on graduation in 1976.

Kerala High Court ruled that comments on a woman's 'body structure' qualify as sexually coloured remarks, constituting a penal offence. This judgment reinforces a simple truth: if a woman doesn't like your observations, it's harassment.

SNL50: Beyond Saturday Night is a four-part documentary honoring the legacy of Saturday Night Live. Fans can stream it exclusively on Peacock from Thursday, January 16.

Mayuresh Joshi, Head-Equity, Marketsmith India, says global circumstances, including Trump's potential return to office and global inflation trends, are largely beyond our control. While recent data showed some improvement, uncertainty remains, particularly regarding its effects on bond yields and interest rates. Currently, the situation is inconsistent, and corporate earnings may continue to weaken, posing challenges for emerging markets. A selective approach is essential this year, focusing on specific sectors and individual stocks, making it a market driven by stock selection. We can safely say we are out of the woods once a large chunk of earnings is behind us because that, in some sense, is the true litmus test? Mayuresh Joshi: Absolutely, right. Out of all the large emerging markets that we track, earnings is going to be a big concern, and specifically because of that, earnings downgrades. India, Hong Kong, and China are something that we put under pressure as far as the market outlook is concerned. And therefore, how this earnings season plays out specifically and what corporates have to say in terms of the outlook ahead for 2025 is going to be extremely critical.

Jio continues to expand its True5G network, with over 170 million subscribers now on the platform, accounting for 40% of its wireless traffic, the company said in its quarterly (Q3) result.

Italy, Albania and the United Arab Emirates have signed a three-way clean energy cooperation deal

Subscribe to enjoy similar stories. According to Jamie Dimon, chief executive of JPMorgan Chase and king of Wall Street, bankers were elated upon Donald Trump’s election victory. Many chafed under Joe Biden’s presidency, as mergers and bank fees faced additional scrutiny, and new capital-market rules came thick and fast.

Subscribe to enjoy similar stories. Gone are those simpler times when a finance minister of the country could tell Parliament, as Manmohan Singh had in 1992, that he does not lose sleep over stock markets. While those who invest in shares directly or via mutual funds are still relatively few—India has some 180 million demat accounts and a little over 40 million mutual fund folios, with a considerable overlap between the two—the number of Indians with indirect exposure to stock prices via retirement savings and insurance policies would be about 350 million.

Fund of Funds for Startups (FFS) in 2016, sceptics shrugged it off as another bureaucratic black hole. Seven years later, results speak volumes about its success: Rs 11,688 cr committed through 151   AIFs, catalysing a capital pool of around Rs 81,000 cr. An investment of Rs 21,277 cr has already been made in 1,173 startups. Beyond these numbers lies a compelling story of how appropriate policy design has changed India's entrepreneurial ecosystem.

Subscribe to enjoy similar stories. Narawadee Srikarnchana built the restaurant Nara Thai as a retirement project. In 2003, she was part of the family business, the luxury watch retailer Pendulum in Bangkok.

Subscribe to enjoy similar stories. A few weeks ago, when Mint Money discussed Hindu Undivided Family (HUFs) units, we received a flood of queries. To address the most common concerns, this article has compiled frequently asked questions regarding tax-saving instruments available to Hindu, Sikh, Jain, and Buddhist communities.

Indian IT sector, represented by the Nifty IT index, has consistently delivered superior returns compared to the broader Nifty 50 index over longer timeframes, underscoring the IT sector's attractiveness to investors seeking long-term value. Data from StockEdge reveals a compelling performance differential: Nifty IT has returned 27.2% over the past year and a remarkable 55.6% over the last two years, significantly outpacing the Nifty 50's returns of 7.4% and 29.6% respectively for the same periods.