Analysis Financial News

NEW DELHI : 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. Smaller firms accounted for a bigger share in overall profits in 2023-24, while international agencies have become more optimistic about India’s 2024-25 growth projections after its stellar show in 2023-24. India’s corporate profit has always been driven by the biggest firms, with the top 10% commanding 95% of the profit share.

ONDC) has shown that the ecommerce initiative has cornered about 3% of Swiggy and Zomato’s food-order volumes, according to people in the know. «Nationwide, ONDC now facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually, which receive 20 lakh orders each,» they said, adding that its total order volume touched 400,000 in a day, which included mobility bookings.

Earlier today, WazirX, a prominent Indian cryptocurrency exchange, suffered a severe security breach resulting in the loss of approximately $235 million in crypto assets, with suspicions pointing towards North Korean hackers.

Former Anheuser-Busch president of operations Anson Frericks reacts to Bud Light's Super Bowl commercial.

Ratings agency Moody’s has announced it will be involved in the Monetary Authority of Singapore (MAS) backed project Guardian by providing risk management services for tokenized fixed income products.

A federal judge has suspended the lease stemming from a 2022 oil and gas sale in Alaska’s Cook Inlet basin after finding problems with the environmental review it was based on

POPCAT, a prominent Solana meme coin, has seen remarkable growth, surging 65% over the past week and eclipsing other established Solana meme coins.

₹5.5 to ₹8 per kilowatt-hour (kWh), while WHRS power costs ₹1 per kWh and solar power costs (under a power purchase agreement) ₹4 to ₹4.5 per kWh, according to Motilal Oswal Financial Services. The brokerage house estimates the share of green energy in the sector’s total power consumption will rise from 35% in FY24 to 50% by FY27. Also read: Is HDFC Life a new competitor to the mutual fund industry? Power and fuel costs are estimated to comprise about 35-40% of the sector’s total production cost.

part 2 of this analysis) is helping them shake off debt, leaving them with healthier balance sheets and more room to take risks. We explain this key finding from our analysis in the third part of the series. Before unveiling India Inc’s loss of appetite for loans, a trip back to 2022-23 is in order.

aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added.

Wind developers off the touristy Massachusetts island of Nantucket have sent teams to search for debris after one of their wind turbine blades suffered damage

MUMBAI: In the rapidly growing world of finance influencers, what do Ananth Ladha*, Fincocktail, Pooja Patel, Himani Chaudhary, and Udayan Adhye share beyond their combined 12.5 million Instagram followers? These finance content creators are all registered mutual fund distributors (MFDs), leveraging their vast social media reach to redefine traditional financial advisory roles.

EVM-VVPAT memory verification after the recent Lok Sabha and assembly polls will be able to check any machine from any polling station in an assembly segment and opt for a mix and match of EVM units, the Election Commission of India (ECI) announced on Tuesday. Releasing the technical protocol for the Checking & Verification (C&V) for EVM-VVPATs, as directed by the SC in its April 26 order, the ECI said that aggrieved candidates will be allowed to choose from a vast number of random tests/combination of machines and sequences for a thorough analysis to dispel all doubts about the machine and its software. «The 'randomness' and 'enormity' of test vectors and expanded choice-based approach instead of controlled environment C&V process of burnt memory eliminates possibility or apprehension of any bias or hidden functionality in the firmware, by showing intended outcome(s) under parameters selected by the candidate and at every stage of the C&V process,» EC has stated in its July 16 communication to all political parties and CEOs.

There are many successful Canadians who are exploring or outright leaving this country. Reliable statistics are hard to come by, but tax practitioners such as myself have been kept very busy because economic and taxation policies matter, especially the messaging surrounding such policies.

As part of his role, Stear will oversee the equity and fixed income developed markets strategists, who provide analysis, research and market recommendations to Amundi's clients. Amundi inks M&A deal to combine US arm with Victory Capital Prior to joining Amundi's investment arm, Stear headed up the Asia research team at Société Générale in Hong Kong for four years, between 2010 and 2014. He moved on to become global head of credit strategy at Société Générale in 2014, later being promoted to head of emerging markets and credit research in 2015. Most recently, he was head of fixe...

GenAI to improve their customer interface and get a leg up on their younger, disruptive competitors, report Beena Parmar & Annapurna Roy A slew of banks, including the country’s largest lender, State Bank of India (SBI), as well as its private sector peers HDFC Bank, Axis Bank and IndusInd Bank, are turning to generative artificial intelligence (GenAI) to radically change the way their services are consumed, leading to ease of use and better engagement with customers.

SMArtX Advisory Solutions, a turnkey asset management platform provider with a focus on managed accounts, has introduced a new tool aimed at enhancing tax efficiency for financial advisors.

moon. It is at least 150 meters deep and could be an ideal base for humans to build a permanent base on the lunar surface.The Scientists said the underground cave appears to be accessible from an open pit in the Sea of Tranquility, just 250 miles (400 kilometres) from the site where the Apollo 11 astronauts Neil Armstrong and Buzz Aldrin first set foot on the moon in1969.The finding, which first appeared in the journal Nature Astronomy, said that two Italian researchers--Lorenzo Bruzzone and Leonardo Carrer at the University of Trento—discovered the caves by analyzing the radar data collected by NASA’s lunar reconnaissance orbiter (LRO).The Italian researchers said the analysis of radar data collected by LRO established that the Mare Tranquillitatis pit leads to a cave which is 45 metres wide and up to 80 metres long.Analysis of radar data collected by Nasa’s lunar reconnaissance orbiter (LRO) revealed that the Mare Tranquillitatis pit, the deepest known pit on the moon, leads to a cave 45 metres wide and up to 80 metres long, an area equivalent to 14 tennis courts.

For decades, humans have fantasized about the day machines take over and give mankind their comeuppance (just behind those pesky Martians). Sentient technology has not yet arrived to conquer us, but Moore’s Law is in full effect, and machinery has surpassed humankind in its ability to process information and data. Now, thanks to machine learning, computers can evaluate alternative scenarios beyond our capabilities. What does it mean for wealth management, and how should we mortals use what’s coming to help us improve the world, rather than concede defeat to it?

RBI) recent analysis of employment data for the pandemic year 2020-21 has revealed significant increases in employment within agriculture and allied activities, construction, health, and social welfare. This report, which measures productivity across 27 sectors, has sparked debate due to the unexpected rise in employment during a year marked by severe economic downturns, resulting from COVID-19. According to RBI's report released last week, there was an 18.5 million increase in employment in agriculture and allied services, while the construction sector saw a 4.8 million rise. These figures align with the real gross value added (GVA) in agriculture, which grew by 4%, against an overall GVA contraction of 4.1%. On Saturday, Prime Minister Narendra Modi referred to the report, stating, «80 million new jobs were created during the last three-four years,» adding that this should silence those perpetuating false narratives about the lack of job creation.

Donald Trump goes into the Republican National Convention with some bold promises about the U.S. economy, but he has sketched out notably few details about how his plans would actually work