Digital Financial News

30.10 / 09:55
markets Digital Fighting Election reports Schools BJP still firm on backing Raj Thackeray's son in Mahim seat: Devendra Fadnavis
Devendra Fadnavis on Wednesday said the BJP still wants to throw its weight behind MNS head Raj Thackeray's son Amit Thackeray in Mahim assembly seat, which the ruling Shiv Sena is also contesting. Efforts will be made to find a solution to this, Fadnavis told reporters here. The senior BJP leader also said his party would try to convince most of its rebels to withdraw their nominations, but added that there will be friendly fights in some seats in the November 20 state polls. The Shiv Sena, led by CM Eknath Shinde, has fielded sitting MLA Sada Sarvankar from Mahim, while Mahesh Sawant is the candidate of the Shiv Sena (UBT) headed by former CM Uddhav Thackeray from the seat in Mumbai.
30.10 / 08:19
markets UPS Digital War PAM Israel short on soldiers after year of war
Gaza war, the Israeli army's reservists are exhausted and it is struggling to recruit soldiers just as it opens a new front in Lebanon. Some 300,000 reservists have been called up since the Hamas attack of October 7, 2023, according to the army, 18 percent of them men over 40 who should have been exempted. Military service is mandatory from the age of 18 for Israeli men and women, though several exemptions apply.
30.10 / 08:19
markets Digital Strategy PAM social reports Department BJP politicising issue: Karnataka Dy CM Shivakumar on Waqf land claim controversy
Waqf land claim controversy, Karnataka Chief Minister Siddaramaiah reiterated on Wednesday that no notice of eviction has been issued to farmers and that no one who has possessed property will be evicted. The CM had earlier flagged off the 20 new Airavata Club class 2.0 buses in Bengaluru with Deputy CM DK Shivakumar. «I have already made a statement. We have not issued any notice to the farmers and we are not going to evict anybody who has been in possession of the property for many years,» he said.
30.10 / 08:19
markets Digital Google Strategy Sustainability Experts RAI New credit card rules: SBI Card increases these credit card charges from November 1, 2024; check details
SBI Card has increased the finance charges on all unsecured SBI Credit Cards, according to its official website. However, this is not applicable to Shaurya, Defense. This is effective from November 1, 2024, stated the SBI Card website.
30.10 / 08:19
markets Digital Strategy PAM Relationships peace 5 ways to create wealth this Diwali using Japanese Arigato Philosophy
Enter the Japanese "Arigato" philosophy, which means «thank you» in Japanese. While we often associate financial success with numbers, strategies, and investments, the Japanese approach is deeply rooted in gratitude. This powerful yet simple mindset can help Indians balance financial discipline with emotional well-being. Let's explore how the Arigato Philosophy can change your relationship with money and guide you toward a more prosperous, peaceful financial future.
30.10 / 07:53
markets Digital Food Experts social prevention infection 'Don't drink milk like this': Famous Doctor, 'Liver Doc', has issued a life-threatening warning about milk
Liver Doc,” has issued a warning against the consumption of raw milk, particularly for children. Citing the risks of harmful bacteria present in unpasteurized milk, he urged the public to refrain from drinking or giving it to children without first boiling. Raw milk, he explained, can carry bacteria such as E. coli, Salmonella, and Listeria, all of which can cause severe health issues.
30.10 / 07:53
markets Digital Platform Strategy Experts PAM information IBBI proposes new liquidation mechanism to boost recovery
Stressed assets that are going through liquidation under the insolvency law will now be listed and auctioned through a centralised electronic platform owned by a consortium of a dozen state-run banks to maximise recovery for creditors. The Insolvency and Bankruptcy Board of India (IBBI) has tied up with the Indian Banks’ Association to facilitate the auction of stressed assets through the eBKray platform run by PSB Alliance, the regulator said in a circular. eBKray has been conducting auctions for assets, mortgaged to state-run banks, under the SARFAESI Act for the past five years.
30.10 / 07:53
markets Digital Analysis Remark Research Trade Experts Milestone! NSE crosses 20 crore client accounts in October
NSE said in a release. On a state-wise basis, Maharashtra led with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh with 2.2 crore accounts, Gujarat with 1.8 crore, and both Rajasthan and West Bengal at 1.2 crore each.
30.10 / 07:53
markets UPS Digital Strategy trends Colgate-Palmolive Indian FMCG giants are 'Designing for India' to reach the modern consumer
FMCG companies are shifting focus toward “designing for India,” investing in products that cater to varied local tastes and preferences. This has spurred Hindustan Unilever (HUL) and its counterparts to fine-tune both product development and production processes to meet regional demands. An example is in HUL’s tea offerings. «In the South, the Red Label tea we sell is a finer blend. In the North, it’s more grainy. The way we process the tea is also quite different,» Vibhav Sanzgiri, HUL’s Executive Director for R&D, told TOI's Asmita Dey. HUL's strategy underscores the complexity of catering to India’s different regional tastes, climates, and lifestyles. Sanzgiri, who leads a team of over 800 scientists across HUL’s three R&D centers, noted that consumer expectations now extend beyond taste to include health benefits, wellness, fragrance, and even packaging. Beyond HUL, Colgate-Palmolive is also responding to India's unique consumer profile. To cater to consumers’ fondness for snacking, the company introduced arginine-based toothpaste to address oral health concerns. “When designing for Indian consumers, we need to incorporate local taste nuances and focus on the target demographic,” explained Swati Agarwal, Executive Vice-President at Colgate-Palmolive India. The brand has also incorporated localized scents into its shower gel products, recognizing that consumer preference varies across regions.
30.10 / 07:53
markets Provident Digital Strategy PAM reports International India's external assets grew faster than liabilities: RBI report
external assets grew faster than its liabilities between June 2023 and June 2024, according to the latest report from the Reserve Bank of India (RBI). The report, which provides details on India's International Investment Position (IIP) as of the end of June 2024, revealed that India's external assets increased by USD 108.4 billion over the year, while external liabilities rose by USD 97.7 billion. It said «During the period between end-June 2023 and end-June 2024, the external assets increased by USD 108.4 billion and external liabilities increased by USD 97.7 billion».
30.10 / 07:53
markets Digital Strategy Experts PAM show French GDP rose 0.4% in third quarter: statistics agency
economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the second quarter because of impact of the Paris Olympic Games, preliminary data from statistics agency INSEE showed on Wednesday. Economists polled by Reuters had an average forecast of 0.3% for third quarter gross domestic product (GDP) growth. An influx of tourists attending the Paris Olympics boosted consumer spending in the euro zone's second-biggest economy, which grew 0.5% in the third quarter after a flat performance in the second quarter.
30.10 / 07:43
markets COST Digital NVIDIA Experts electronic Samsung’s sudden $122 billion wipeout shows the cost of sleeping on AI
Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging and its stock was rising toward an all-time high. Now, South Korea’s biggest company has become a stark example of how quickly fortunes can turn in an industry where the spoils go to those who maintain a technological edge. As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.
30.10 / 07:43
markets Digital Strategy awards Experts PAM India's gold demand to hit four-year low amid price rally, World Gold Council says
gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday. Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters. Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious.
30.10 / 07:43
markets Digital Enterprise reports Department Schools Investigations Who is Mahesh Langa, 'The Hindu' journalist accused of floating 200 firms in a multi-crore fraud?
Mahesh Langa of a key role in a multi-crore Central Goods and Services Tax (CGST) fraud involving hundreds of shell companies. The ED claims to have uncovered a network of 200 shell entities used to fraudulently claim input tax credit (ITC) without any exchange of goods or services, a TOI report stated.
30.10 / 07:43
markets Digital Strategy awards Experts PAM reports JSW MG Motor's PLI plea under govt scrutiny over China connection
MG Motor India’s proposal to avail benefits of production-linked incentive (PLI) scheme is under scrutiny, according to a report by the Times of India. Quoting sources, TOI claimed the company’s foreign investment scrutiny towards availing of PLI benefits had been “held back” by an inter-ministerial panel led by the Union Home Secretary. The report cited MG Motor's China connection as the reason for the review. The panel is primarily tasked with checking if FDI proposals are in line with the government’s Press Note 3 prescription.
30.10 / 07:43
markets Digital Coca-Cola Strategy Trade Experts PAM Rs 20 Coca-Cola bottles: Reliance's Campa perhaps changing the game
«Since the company has been selling the 400 ml PET bottles for Rs 25, they cannot suddenly change the packaging of the same bottles and mark the price as Rs 20. For attracting customers, they will launch a new packaging wherein they will market the bottles as 250 ml and 150 ml free (250 ml + 150 ml free will be written on the pack) and the MRP will be Rs 20,» sources told ToI. Also Read: Reliance's not-so-secret weapon makes Tata sound alarm as new disruption hits
30.10 / 07:21
Digital Marvell film Actor performer information Podcasts Robert Downey Jr. says he 'intends to sue' all future executives who use his AI replica
Robert Downey Jr. doesn’t think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence
30.10 / 07:15
markets Digital Strategy Sustainability Experts reports Schools IAF induction of Tejas Mark-1A delayed further as engine issues persist from US
Tejas Mark-1A jets for the Indian Air Force (IAF) has been delayed due to issues in the supply of engines by General Electric (GE), giving another blow to its already depleted operational capabilities, TOI reported. The delivery of the jets, initially scheduled for 2024-25, will now see only two to three jets instead of the promised 16, according to TOI sources. Hindustan Aeronautics (HAL) faces a delay of around two years as GE has promised to supply the engines by March 2025. The deal for these 83 single-engine jets was signed in February 2021 and amounted to Rs 46,898 crore.
30.10 / 07:15
markets Digital Strategy Election Schools politician Maharashtra assembly polls: How 150 rebel politicians could decide the fate of MVA and Mahayuti
assembly elections came to a close on Tuesday, the emergence of rebel candidates poses a significant challenge for the two major political alliances in the state. The Mahayuti alliance has flagged 80 rebels, while nearly 150 politicians across various parties have submitted nominations that oppose their official candidates. With the deadline for withdrawal set for November 4, both alliances have about a week to address these issues and persuade the rebels to withdraw.
30.10 / 07:15
markets Digital Strategy Sustainability Experts recommendations Schools 16 equity mutual funds deliver over 30% CAGR in 3 years
equity mutual funds have offered over 30% CAGR in the last three years, based on daily rolling returns. ET Mutual Funds examined the daily rolling returns of 221 equity schemes that have been in the market for the past three years. The top two schemes on the list were from the small-cap category. Quant Small Cap Fund and Nippon India Small Cap Fund delivered 43.87% and 35.43% CAGR, respectively, based on daily rolling returns over the last three years.

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