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Japan is a nation so hardworking its language has a term for literally working oneself to death

Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively. In February and March they were net buyers at Rs 1,539 crore and Rs 35,098 crore after starting the year on a negative note in January when they offloaded shares worth Rs 25,744 crore.

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New SBI chairman Setty has his task cut out The banking sector is facing the worst deposit crunch in 20 years as the pace or raising funds from customers has lagged credit growth. On year, credit growth was up 13.5% as of 9 August while deposits have risen 10.9%, as per Reserve Bank of India (RBI) data. The credit-to-deposit ratio—or the percentage of deposits given out as loans—has been generally hovering around 80% since September.

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custodians would make funds available to foreign portfolio investors on the day of settlement itself, a senior Sebi official said on Thursday. «Inefficiencies and opacity dog not only the Indian domestic investor; they also impact foreign portfolio investors (FPIs). While India fully moved to a T+1 settlement cycle in January 2023, most FPIs are only able to access their funds from sale of securities on T+2 or later,» Sebi whole time member Ananth Narayan said. He was speaking at the Global Fintech Fest.

Hinduja Global Solutions said the opportunities for generative AI lie more in areas where there are shortages of manpower. Giving examples of areas where productivity is less due to shortages of manpower, Partha DeSarkar, executive director and CEO of Hinduja Global Solutions (HGS), said conversational AI, loan processing, document processing and image recognition bots are some areas where HGS is doing pilots for clients. He said 10-12 pilots were currently being done by HGS and that the company hopes to take these pilots into production stage by the end of this year.

Motilal Oswal Financial Services, L&T Tech’s new strategy may not alter its growth path in the short term, but it could open up new avenues for growth, especially in hitherto weak areas such as mobility—a fast-growing segment for its peers. Against this backdrop, the company’s renewed strategy is a step in the right direction. However, the targets seem ambitious.

Electric vehicles (EVs) have become popular because of several reasons, including zero tailpipe emission, which reduces pollution, and gives better fuel efficiency, which keeps customers’ expenses down. According to the latest Vahan data, EV sales stood at 178,948 units in July, marking a strong year-on-year increase of 53%. This is also the second-best performing month for EV sales in the calendar year to date, after March of FY2024 at 213,036 units, showing buoyant interest among buyers. However, EVs have also been in the news every now and then for catching fires and other problems. These raise significant concerns about the trustworthiness of EV technology, depressing its growth in India.

«So, the cash cow of the company has always been the O2C division, along with gas currently, and they have well supported the retail and telecom to the growth path where we stand today on both the businesses,» says Sushil Choksey, Director, Indus Equity Advisors. How many Reliance AGMs have you tracked so far? Sushil Choksey: I am familiar with the company since listing. But how many AGMs you could have attended, that I do not recall. But initial years when there were physical AGMs, I would have attended most of them.

2024 Paralympics, with multiple events scheduled across various sports on the first day. The day kicks off with para badminton, where Palak Kohli and Suhas Yathiraj will face off against Nitesh Kumar and Thulasamithi Murugesan in the mixed doubles category at 12:00 PM IST. Following this, Sivarajan Solaimalai and Nithya Sre Sivan will take the court at 12:40 PM IST. As the afternoon unfolds, attention will shift to the Women's Singles events. Manasi Joshi, competing in the SL3 category, and Mandeep Kaur in the general Women's Singles, both have matches scheduled for 2:00 PM IST.

dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index — the Federal Reserve's preferred measure of inflation — headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly rangebound.

Jujutsu Kaisen Chapter 268 is set for release soon, continuing the intense battle between Yuji and Sukuna. Release Date, Time and Where to Read for Jujutsu Kaisen Chapter 268 Jujutsu Kaisen Chapter 268 is scheduled to be released on Sunday, September 1, 2024, at 7 a.m. PT. There is no break this week, so the chapter will be available as planned. Readers can access the latest chapters for free on Manga Plus.

SP Jain Group has acquired California Miramar University (CMU), which will allow the group that runs business schools to offer artificial intelligence-related master’s and bachelor’s programmes to global students. The process to acquire the university had started in November last year and the all-cash deal is now through, SP Jain Group president Nitish Jain told ET over a virtual interaction. With the acquisition, the group now has access not only to AI courses and learning tools but also the US market, he said. The group has six campuses: Dubai (opened in 2004), Singapore (2005), Sydney (2012), Mumbai (2015), London (2023), and now CMU in San Jose, California. The group primarily has two flagship programmes: master of global business and executive MBA.

The focus of market players and borrowers has turned towards monetary policy in the US, particularly the two questions of when and by how much will its central bank, the Federal Reserve, cut the US Fed funds rate. Anticipation of imminent cuts rose after the Jackson Hole huddle of central bankers and economists, an occasion that market participants across the world were watching for cues.

Jan Dhan Yojana (PMJDY) has achieved a milestone of a total of 53.13 crores PMJDY accounts out of which 55.6 per cent (29.56 crores) Jan-Dhan account holders are women and 66.6 per cent (35.37 crores) Jan Dhan accounts are in rural and semi-urban areas, the Ministry of Finance said in statement on Wednesday. Deposit balances under PMJDY Accounts stand at Rs. 2,31,236 crore. Deposits have increased about 15 times with an increase in accounts 3.6 times, as of 14 August 2024. The average deposit per account, according to the finance ministry stood at Rs. 4,352, as of 14 August 2024. The deposit per account has increased 4 times over August 15.

Mars. The six-wheeled rover has spent the last 3 1/2 years roaming around the bottom of a crater. On Tuesday, it began climbing to the top. The rover will go up 1,000 feet (305 meters) to the rim of Jezero Crater to dig up rock samples. Since landing on the red planet in 2021, Perseverance has collected 22 rock core samples from the floor of the crater, which was once filled with water. The rover's samples may help scientists piece together what the planet's climate looked like billions of years ago — and learn whether any ancient Martian life lurked. NASA is exploring ways to bring the rock samples to Earth.

mutual funds. According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky. Even a minor upward movement in interest rates could make these schemes extremely risky and volatile. In simple terms, investors might lose money in such a scenario. That explains why advisors do not speak about these schemes often. Needless to say investors should be extremely cautious about these schemes in the current scenario. Long term debt schemes are extremely sensitive to interest rate changes. They lose money when interest rates go up. When rates are falling, they benefit the most. According to investment experts, when one invests for a long period in debt instruments, the investor is forced to go through an interest cycle that would have an upward and downward phase. This means the investor might see a lot of volatility and sometimes losses when the interest rates start hardening or going up. Needless to say, the opposite scenario might benefit investors.

The final results were in Friday: the Democratic national convention was more popular with television viewers than the Republicans'

Arnab Das, Global Macro Strategist, Invesco, says we have to look further ahead and think about the American election. Many in the market are discussing the Trump trade versus the Kamala trade. The Trump trade further out might be lower growth, somewhat higher inflation than otherwise and the Kamala trade might be kind of a more reflationary trade, higher growth and somewhat higher inflation. Either way, the Fed would be more likely to be constrained Does a Fed rate cut in September inevitable or are there still question marks around it? Arnab Das: A September cut is extremely likely. Maybe, never say never, so not quite inevitable. But I think we have been moving in the direction of September cut for some time. Maybe the market has gotten ahead of itself in terms of the extent of the easing cycle. It had gotten ahead of itself a few times, I would say, in terms of when the easing would start, how deep the cuts would be, how fast and thick they would come.