Beyond Financial News

₹1,000-crore empire that expanded beyond Mesco shoes to encompass aviation, shipping, pharma, and that darling of the age, financial services, which could hide a multitude of sins. Success eluded her in many of these fields. Also read | Heat relief: Let street vendors and labourers guide action plans But in the first few years after liberalisation, there were always gullible investors – in a market that lacked any real supervision – who could be relied on to bail out a failing entrepreneur.

Corporate technology leaders across industries have been spending big on generative artificial intelligence over the past year. Now, they’re looking for returns to go beyond efficiency gains to actual dollars and cents, even as many admit it isn’t clear if and when they’ll start seeing them. A survey released today by professional-services firm KPMG shows that revenue generation has overtaken productivity as the primary gauge businesses use to measure AI’s return on investment.

SIM cards under your name can get you in trouble. You may have to pay a huge penalty if you have taken more SIM cards than what is specified by the telecom law. Violating the rule repeatedly can also land you in jail. It is important to know about the latest rules on how many SIM cards you can take and how to check them online. Read on

Nasa mission to Mars emerged from their craft after a yearlong voyage that never left Earth. The four volunteer crew members spent more than 12 months inside Nasa's first simulated Mars environment at Johnson Space Center in Houston, coming out of the artificial alien environment Saturday around 5 p.m. Kelly Haston, Anca Selariu, Ross Brockwell and Nathan Jones entered the 3D-printed habitat on June 25, 2023, as the maiden crew of the space agency's Crew Health and Performance Exploration Analog project. Haston, the mission commander, began with a simple, «Hello.»

«Global markets are quite solid. India VIX is relaxed. Momentum, participation, smallcaps coming back yesterday. So, it is a kind of an environment where one should participate, just stick to quality and have risk management in place,» says Gautam Shah, Goldilocks Premium Research. 24,200 on the screen, are you guys riding the rally or are you asking your clients to keep taking profits wherever it is getting way beyond your expectations? Gautam Shah: Well, I think that is the beauty of having some experience, having seen the 2003-2007 bull market and I think with what is happening currently, something similar happened in 2007, which was also a rally of disbelief and the market just carried on to a point where everybody just gave up and felt that the market cannot fall. We are in some sense in that period. But domestic liquidity has really changed the game, the point that I keep making and it has changed the way we look at technical analysis. Honestly, we have been riding the rally right from 5th of June because post the political mandate, it was very clear that the bulls will be back, liquidity will keep pumping in and will keep taking this market higher.

₹50,000 crores a day with a notional value to premium ratio of 500+, a really big black swan move (10% lower or upper circuit) could easily wipe out the margin of many option sellers. Retail traders and larger players also sell options in large quantities, and the systemic risk of extreme blow-ups increases with higher option participation. Second, retail investors don’t really need “protection" from overtrading.

Mint, Pawan Kumar Goenka, chairman of Centre-affiliated space activity body Indian National Space Promotion and Authorization Centre (In-Space), said that the body has, as per the norm with government agencies, submitted its demand from the industry with the finance ministry. While In-Space or Goenka did not comment on what demands have been put forth, industry stakeholders said that the upcoming Union Budget is likely to include “strategic incentives that boost domestic demand generation—including funds to incubate new ventures, and direct government agencies to be customers to the industry," a senior government official with direct knowledge of the matter said.

Boeing Max planes, market leader IndiGo awaits delivery of new and inspected Airbus 320 neo planes with P&W engines. Boeing has guaranteed Max deliveries till December, an executive at one of the airlines operating the plane said. “The delivery outlook beyond December 2024 looks grim, and may impact our expansion plans in 2025," the executive said on condition of anonymity.

JSW Energy aims to transform from a power generator to an energy products and services provider while continuing to look for acquisitions in the power sector, said group chairman and managing director Sajjan Jindal. Towards this initiative, JSW Energy plans to spend ₹1.15 lakh crore in capital expenditure and achieve a generation capacity of 20 gigawatts (GW) and a storage capacity of 40 gigawatt-hours (GWh) by 2030, Jindal told shareholders at the company's annual general meeting on Friday. The announcement marks a sharp increase from the previously committed capex of ₹85,000 crore. This fiscal year, the company is planning a capex of ₹15,000 crore.

Do Americans want plant-based options at fast-food restaurants

Arete Wealth is expanding its clearing and custody services through a juiced-up partnership with BNY Pershing.

Reserve Bank deputy governor Michael D Patra. India, however, will have to overcome various challenges with regard to labour productivity, infrastructure, contribution of manufacturing sector in GDP, and greening of the economy for sustainable development, he said in his address to the officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie. «Given the innate strengths, I described and the resolve to achieve its aspirational goals, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031 and the largest economy of the world by 2060,» he said. The senior RBI official further said it has been estimated that if India can grow at the rate of 9.6 per cent per annum over the next ten years, it will break free of the shackles of the lower middle income trap and become a developed economy.

Hamster Kombat is the latest TON tap-to-earn clicker game to go viral, following on from wildly popular Notcoin, which from nowhere has marched to a market capitalization north of $1.6 billion.

A federal judge overseeing a drawn-out debt-restructuring process for Puerto Rico’s power company has ordered all parties to mediation

artificial intelligence playing a pivotal role, companies are moving beyond a one-size-fits-all model of learning to ensure that employees are skilled in the emerging technology. Internal platforms remain key to delivering learning programmes, but opportunities for practical hands-on experience on the metaverse, learning sessions with experts from Google and Microsoft, and personalised programmes from edtech firms among others are also being offered by companies to help employees get trained in AI. With about 420,000 employees engaged in AI-related job functions, India has the second largest installed talent base in this segment globally, according to a report earlier this year by IT industry association Nasscom and the Boston Consulting Group.

kabuli chana from the purview of the stock limit. This move is expected to help importers bring in more Kabuli chana into India ahead of the festival season. Pulses, including kabuli chana, are widely used in snack making and consumed as a source of proteins. An official gazette notification was put out late on Thursday, but it did not mention the reasons behind the exemption given on this particular pulse.

Meta is seeking to revolutionize metaverse gaming by incorporating generative artificial intelligence (AI) technology.

Prateek Group, following accusations from 20 homebuyers of Prateek Edifice in Sector 107, Noida, ToI reported on July 1. According to the report (by Aditya Dev), the complaint alleges that the developers, including Prashant and Prateek Tiwari and senior managers Sunil Kumar Mittal and Anshuman Sharma, did a fraud involving over Rs 190 crore. As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent. Rajeev Goyal, one of the complainants, told ToI, «The flats delivered to us were significantly smaller in size than what was promised to us. An architect was appointed to carry out a survey after we approached the National Consumer Disputes Redressal Commission (NCDRC) against the developer. They did not just give us smaller flats, but also carried out construction beyond the sanctioned plan without taking any consent from us.»

Under the Income Tax Act, certain groups living in specific areas of select states in India are exempted from paying income tax. These exemptions are granted based on specific criteria, such as income levels, socio-economic status and occupation of the people forming these groups. This unique approach to taxation helps in lessening the financial burden on disadvantaged people living in these areas, providing them with a level-playing field.

personalised learning. The age-old Gurukul system in India focused intensively on curating curriculum specific to each individual’s future career pathway. The Guru had a holistic view of the Shishya’s learning goals and future career needs, and was able to modify learning outcomes for each learner.

₹22,000 ($265) as of mid-2024, up from ₹13,000 ($170) in mid-2020, building a $38 billion Indian smartphone market in 2023. This year, with further shipment growth and a marginal uptick in ASPs, the Indian smartphone market is tipped to cross $40 billion in gross revenue. “Every deal and discount that e-commerce platforms offer are usually introduced in physical stores as well, although certain offers from brands may vary across retailers.