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“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal, Director — Institutional Equities, PL Capital — Prabhudas Lilladher. In an interview with ETMarkets, Aggarwal said: “We have cut our base case 12-month NIFTY target to 27,381 from 27,867 earlier) and recommend selective buying on dips for long-term gains” Edited excerpts: We have witnessed a volatile November as markets keep moving from bullish and bearish phases. What is your call on markets? Amnish Aggarwal: November has been a rollercoaster for the markets, with the NIFTY down 6% since mid-October, driven by FII outflows, geopolitical uncertainty, and a strong dollar. Inflation, especially food inflation, has also pressured demand, particularly in urban areas, with October CPI at 6.2%.

But compute is awfully expensive. For a country like India, which needs scale and cheaper compute, the cost is only going to get increasingly higher, making it inaccessible to large sections. Open Cloud Compute (OCC), an initiative of People+AI is looking to solve this very issue. It is founded by EkStep Foundation, which Infosys cofounder Nandan Nilekani started in 2015 and is trying to offer an alternative for larger players by creating a network of micro data centres.

ET’s Puran Choudhary, the company’s global Gen AI leader, Nitin Mittal, shared Deloitte’s “India for global, India for India” strategy. Edited excerpts: Why did Deloitte choose India for the global CoE? There are several reasons. One is the talent base both within Deloitte and the larger ecosystem, including startups, academia and institutions. The other reason is that almost every Fortune 500 company has a presence in India. In Bengaluru alone, 38% of Fortune 500 companies operate. Compare this to other regions, like the Nordic countries, where talent may exist but not at the scale or price points we find here. This dual benefit of “India for global” and “India for India” is rare, and it’s a critical factor for Deloitte.

The small business loan program the federal government rolled out during the COVID-19 pandemic wasn’t managed with “due regard for value for money,” auditor general Karen Hogan said Monday.

General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan

“What thy government giveth, thine bond market taketh away.”

The Canada Post strike, now in its third week, is set to cost Canada’s small- and medium-sized businesses more than $1 billion by Wednesday, according to the Canadian Federation of Independent Business (CFIB). The prolonged labour dispute, which began on Nov. 15, has paralyzed operations at the Crown corporation, disrupting supply chains and dealing a significant blow to small businesses during the critical holiday season.

The redundancies are expected to be made in February 2025, and Investment Week understands they will not affect the firm's partnerships, which run their own businesses under the SJP umbrella  While it remains unclear which of the divisions will be impacted, it is expected that more than 16% of the workforce could lose their jobs. Back in July, the firm stated in its half-year results that it was planning to attain annual savings of £100m by 2027, with ambitions for total savings of £500m by 2030. St James's Place unveils cost-cutting plan to save £100m annually by 2027 The net i...

The redundancies are expected to be made in February 2025, and Investment Week understands they will not affect the firm's partnerships, which run their own businesses under the SJP umbrella  While it remains unclear which of the divisions will be impacted, it is expected that more than 16% of the workforce could lose their jobs. Back in July, the firm stated in its half-year results that it was planning to attain annual savings of £100m by 2027, with ambitions for total savings of £500m by 2030. St James's Place unveils cost-cutting plan to save £100m annually by 2027 The net i...

Reserve Bank of India on Monday announced decision to remove its supervisory restrictions on Sachin Bansal's Navi Finserv Limited following several rounds of interaction with the company for rectification of deficiencies. «RBI had several rounds of interaction with the company for rectification of deficiencies. Now, having satisfied itself based on company’s submissions, and in view of adoption of revamped processes, systems, and the company’s commitment to ensure adherence to the Regulatory Guidelines on an ongoing basis, especially for ensuring fairness in the loan pricing, the Reserve Bank has decided to lift the afore-mentioned restrictions placed on Navi Finserv Limited, with immediate effect,» said RBI in the statement. The central bank on October 17, 2024 had issued directions to Navi Finserv Limited, Bengaluru (and three other NBFCs), to cease and desist from sanction and disbursal of loans, effective from close of business of October 21, 2024.

Volkswagen workers have launched rolling two-hour strikes at nine plants across Germany to underscore their resistance to pay cuts and factory closures

Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says India-first novel approaches are needed. If e-commerce can be integrated into gaming, that can deliver relevant opportunities for shoppers to buy what they want while they are engaging with the games, that could lead to a very interesting and new monetisation model. With the whole India stack opportunity emerging with platforms like ONDC, a lot of initiatives can be taken for such innovations. It is a concept now. Nazara is starting to deploy it in the Q4 of FY25, which is Jan to March and they will see how that pans out over the next year. The latest acquisition that you have made is Trinity Gaming. It cost just around Rs 24 crore. What is the acquisition strategy going forward? Have you earmarked a certain amount that you are looking at deploying, and certain capabilities that you are looking at adding? Nitish Mittersain: It is important to understand that Nazara operates the M&A flywheel at two levels. One is what the parent entity does, which is areas that we want to enter. But also, many of our subsidiaries are cashflow generating companies, accumulating cash, many of these are asset-light businesses which do not require to deploy a lot of cash for organic growth and therefore, we help our subsidiaries also learn our M&A playbook and help them deploy.

Subscribe to enjoy similar stories. KEC International Ltd appears well-positioned to meet its FY25 order inflow guidance of around ₹25,000 crore. Last week, the company secured three big orders totalling nearly ₹4,000 crore, bringing its FY25 order intake to ₹17,500 crore so far.

For NRIs, international money transfers are more than just financial transactions; they keep people connected to their family back home. According to the Reserve Bank of India, the majority of inward remittances support family needs. Having moved from India to Singapore for education in 2006 and staying on for work, I, too, send money back home on a monthly basis. Through my experiences — particularly after joining a company specializing in cross-border payments — I’ve come to understand that the process for most people is often far more complicated and costly than it has to be.

Sandip Sabharwal, asksandipsabharwal.com, says given three-four years of underperformance by Bajaj Finance, the growth in the balance sheet and their ability to reasonably control asset quality even at a time when the pressures are growing, combined with a potential monetary easing cycle, holds it at good stead. From here on, there is a very high probability that Bajaj Finance could be an outperformer. The pharma sector is growing at 6-8%. It is even lower than India's nominal GDP. There are specific companies which may do 15%. An odd outlier may do 20%. But the excitement in this space of late has been absolutely palpable. Why is that? Sandip Sabharwal: Sectors go through cycles. Pharma had a big up cycle and outperformance cycle many years back, then it fell out of the radar and then stocks became very cheap. So, when stocks become cheap and then there is an improvement in profitability cycle led by lower input costs and higher sales, then even a 8-10% growth in sales can lead to a 15-20% or more growth in profitability and that is something which we have seen for many companies and that has led to another round of re-rating.

Subscribe to enjoy similar stories. Car dashboards have an array of indicators that illuminate to warn of trouble. If the boardrooms of Europe’s carmakers had similar systems they would be lit up like a Christmas market.

The incident unfolded when the victim, Gautham (name changed), contacted a woman through a portal and was caught in an elaborate extortion scheme. Gautham, who works for a private firm, found the number of an escort, identified as Amrutha Gill, on a website called massagerepublic.com. Introducing herself by multiple names, Roopa, Kushi, and Sonia, the woman agreed to meet him for three hours at a cost of Rs 15,000.

Ultra low-cost online retailers Temu and Shein are giving Western retailers a run for their money this holiday shopping season

gold loans from banks grew more than 50% over the last one year, while all other major personal loan segments saw moderate increase amid tepid consumer demand, high inflation and tighter regulatory oversight on unsecured lending, according to latest data from Reserve Bank of India. «Consumption moderated with elevated borrowing costs and inflation eating into household budgets,» said Crisil's chief economist Dharmakirti Joshi. Growth in gold loans, or bank loans against gold jewellery--mostly taken at times of distress or during emergencies-- though make good business sense, may not reflect a happy situation from borrowers' perspective, a senior banker said.

Subscribe to enjoy similar stories. Mumbai-based Harsh Vardhan has never visited Goa, despite being a beach enthusiast. The 31-year-old is in no hurry to visit it anytime soon, as he has found his perfect escape in Da Nang, Vietnam.

Subscribe to enjoy similar stories. Given Donald Trump’s nominees for key cabinet positions so far, it appears that the US president-elect is determined at least to try to deliver on many of his campaign promises. If so, the current news cycle may have come as a welcome surprise to those who have grown tired of elected leaders making promises they have no intention of keeping.