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WhiteOak Capital Mutual Fund has launched WhiteOak Capital Digital Bharat Fund, an open-ended equity scheme investing in technology and technology-related companies. The new fund offer or NFO of the scheme is open for subscription and will close on October 4. The primary objective is to provide long-term capital appreciation by investing predominantly in equity and equity-related instruments of technology and technology-related companies.

Hungary gave one of the most trenchant expressions of values-based foreign policy — and takedowns of a supposed US ally, who shares none of them — that I have heard from a diplomat. It was refreshing, even inspiring, precisely because it was so undiplomatically blunt. But in the context of November’s US election, this thunderbolt from a superpower felt out of step with the time and frankly harmless. In fact, Ambassador David Pressman’s address distilled for me a sense that’s been growing ever since Donald Trump’s victory in 2016, and has crystallized since a second spell in power became as likely as not: No matter what Pressman or a President Kamala Harris might say or stand for, it’s no longer clear what American values are even supposed to be. They can turn on a Hungarian forint. Prime Minister Viktor Orban is counting on that. He has bet big on a Trump victory, becoming one of the very few world leaders to openly campaign for it. And if it doesn’t work out this time, he’s said he’ll just wait for the next turn of the US electoral cycle. And why not? Orban’s been working against the wishes and interests of both the European Union and North Atlantic Treaty Organization for well over a decade despite Hungary’s membership. He’s suffered only some fines and finger-wagging as a result. In Europe, he’s playing an even longer game to change the EU’s interests and values to match his own. He could succeed; it’s possible.

«My sense is that things like rate cut by the US Fed will be a trigger for many of the global funds to increase their allocation to emerging markets and clearly, India being one of the best performing emerging markets would draw its share of flows, so that is clearly our base case,» says Mahesh Nandurkar, Jefferies. The general view was that Fed will cut rates and FIIs will come back. Do you see that happening now that Fed has gifted everybody with not 25 but with a 50 bps jumbo rate cut? Do you see liquidity coming back in a hurry and in abundance back to emerging markets like India? Mahesh Nandurkar: Yes, that is our base case that the rate cut undertaken by the Fed will drive incremental moneys into the emerging markets. I mean, you would remember that emerging market as an asset class over the last five years or so has been completely neglected and that is also one of the reasons why we have not seen much of foreign inflows into markets like India, despite being so attractive from growth perspective, etc.

«The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS growth outlook and that too over a long period of time. So, investors, have really kind of shown a lot of interest, which kind of shows in the numbers that we have been able to pull,» says Mahesh Nandurkar, Jefferies. What is the big understanding of how things are shaping up for the economy and for India Inc? Based on your interactions, both on the record, off the record, inside the conference room, outside the conference room, how is the growth and the earnings picture stacked up? Mahesh Nandurkar: So, I believe that the economic outlook for India is definitely fantastic and the reason why we have that confidence and continue to get that confidence reinforced is when you look at the investment activities in the economy, the fixed capital formation is rising, and it is always investments driven growth is more sustainable, investors like it, it broad bases the market, creates more options and opportunities.

The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

Before they were household names, many top U.S. designers got their start at The Council of Fashion Designers of America/Vogue Fashion Fund

Wall Street leapt to record highs as delayed jubilation swept across markets worldwide following the Federal Reserve’s big cut to interest rates

Subscribe to enjoy similar stories. Agrochemical companies have had a rough time over the past year or so. But tough times don't last, and the corporate and analyst commentary has adopted a more optimistic tone of late, hinting at early signs of recovery.

Subscribe to enjoy similar stories. Indian students seeking a foreign degree will have to scout for new options after top favourite Canada took an axe to its international student permits programme. “We’re granting 35% fewer international student permits this year.

«We feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along,» says Sanjiv Goenka, Chairman, RPSG Group. Well, the latest announcement coming in wherein Firstsource has deepened its presence when it comes to Australia. Could you talk to me about the strategic intent behind this? Sanjiv Goenka: Well, we have already got a very major presence in US and UK and this is the third big market that we are targeting. It has a presence of large corporates and so there is a business opportunity. The whole administration of the Victoria State and Melbourne City has been extremely supportive and enthusiastic. And we feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along.

Dinshaw Irani, CEO, Helios MF, says they have been moving out of PSU space for a while. Going forward, unless something dramatic happens in the sense of a divestment in the case of PSUs, I don’t think there will be any positive triggers for that space.Irani also says that they have not eased off in smallcaps. How is life after a 50 bps cut? What does it spell for India?

Indian market reacted strongly to the US Federal decision to reduce the interest rate to 50 bps on Thursday, as Sensex and Nifty soared to record highs. Stocks that were in focus include names like Indus Towers, which fell 8.3%, Vodafone Idea, which declined 19%, and HCL Tech, whose shares dropped 0.8% on Thursday.

Federal Reserve cut interest rates for the first time in more than four years citing lower inflation expectations and a slowing jobs market. A look at what it means for investors and Indian equities:

Multinationals are rushing to exploit a runaway rally in the Indian stock markets, with more than a dozen firms paring holdings in their local businesses in the past year, while half a dozen others, including Hyundai and LG, are planning public listings. GE T&D India is the latest to join a growing list of global companies like Wabco, ITC, Styrenix Performance Materials, Federal-Mogul Goetze, Timken India, Motherson Sumi, GMM Pfaudler, Thomas Cook, and Whirlpool taking advantage of premium valuations in India, which significantly exceed those of their global counterparts.

Tupperware filed for bankruptcy protection Tuesday amid slumping sales and rising debt, the news unlocked an airtight seal of nostalgia for many who fondly recalled Tupperware parties and childhood leftovers. Hearts ached for a brand that was seemingly conjoined with the American kitchen — and working women — for decades. But no matter what happens with the brand, the name Tupperware will never go away — not really. That's because many consumers will continue to refer to their resealable food containers as Tupperware, even if those containers are not Tupperware. (Most of them aren't.) And that may have been a part of Tupperware's problem. In marketing parlance, a phenomenon that is likely to have played at least a small role in Tupperware's demise is known as genericization, which is when a brand name becomes so well known that it supplants the product itself. Think of brands like Kleenex, which is synonymous with facial tissue, or X-acto, which has become a stand-in term for any type of modeling knife.

Apple Inc. is facing an unprecedented challenge: persuading customers to buy its latest iPhones without their biggest new feature. On Friday, Apple is launching the iPhone 16 lineup in almost 60 countries, including the US, China, India, Australia and South Korea. But the device won’t come installed with Apple Intelligence — the much-anticipated AI software that the company has been touting since June. That means users will have to download the software features over time as they become available during the coming weeks and months. That’s put Apple in a tricky spot. It’s already marketing the AI features heavily, but some consumers may hold off on buying the new phones if they can’t enjoy the benefits right away. The new iPhone hardware, meanwhile, has only modest upgrades from prior models. A touch-sensitive Camera Control button that makes it easier to take pictures and video is the most notable change.

«While the US Fed policy is out, investors will look for the other three central banks' outcomes, namely BOJ, BOE, and China. Overall we expect the market to stay in a range with positive bias,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

bond yields retreated to a nearly 31-month low Thursday after the US central bank unexpectedly cut rates by half a percentage point overnight. But broader local gauges and export-laden technology counters fell over concerns the outsized reduction re flects hitherto unknown growth challenges in the world’s biggest economy. “Since quantum of the cut is bigger than expectations, it implies concerns of a growth slowdown in the US economy, which led to the initial subdued reaction in markets today,” said Pankaj Pandey, head of retail research, ICICI Securities.

Subscribe to enjoy similar stories. A second wave of explosions in hand-held devices took place when walkie-talkies used by Hezbollah detonated in Lebanon, killing at least 20 people and injuring hundreds.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Abundant rainfall this year has boosted kharif crop sowing, but excess rains in September may lead to crop damage and add risks to India's inflation trajectory.

Subscribe to enjoy similar stories. Two years after ChatGPT took the world by storm, generative artificial intelligence seems to have hit a roadblock. The energy costs of building and using bigger models are spiralling, and breakthroughs are getting harder.