Digital Financial News

This topping could be a skill in emerging technologies like AI, ML or IoT, or an apprenticeship or internship at some firm. This is being reflected even in pay packets, which have remained stagnant for plain B.Tech graduates in the last few years but have risen by 10% over the last year for those who have acquired that something extra, said staffing and recruitment services firm TeamLease.

AUM has hit an all-time high of Rs 66.70 lakh crore, led by net inflows across open-ended categories and mark-to-market (MTM) gains in the equity market. The industry AUM rose by 2.7% or Rs 1.74 lakh crore in absolute terms from Rs 64.97 lakh crore in July, according to a monthly note by the Association of Mutual Funds in India (AMFI). The assets under management of growth/equity oriented schemes closed at an all-time high of Rs 30.09 lakh crore led by strong inflows and MTM gains. This is around 45% of industry AUM.

IT services firm Xoriant, backed by Indian private equity firm ChrysCapital, has announced the acquisition of Jaipur-based Fexle, its third, to strengthen Xoriant’s capability of delivering artificial intelligence (AI)-powered front-end digital engineering platforms. The financial details of the transaction remained undisclosed. “Established in 2013, Fexle has developed robust expertise in sales, marketing, and service cloud, with significant capabilities in data cloud, CPQ, Pardot, and Heroku, and is a key contributor to the Salesforce AppExchange. The company provides consulting, implementation, and managed services to prominent clients across the US and other global markets,” Xoriant said in a statement.

India, as numerous empty containers have been sent to China to accommodate a surge in exports aimed at circumventing the new duties. The Biden administration's plan to impose higher tariffs on a range of Chinese products— including steel, solar cells, lithium-ion batteries, electric vehicles, and medical supplies—will be phased in from this year through 2026. In response, Chinese exporters have been front-loading their shipments to the U.S., even sending empty containers to China to be filled and dispatched before the tariffs take effect. The container shortage is expected to impact India's trade figures for August and September, as exporters struggle to find containers for their goods amid weak global demand. Although container rates have begun to decrease following a recent spike, exporters continue to face challenges due to retaliatory tariffs on Chinese goods and complications arising from the Red Sea crisis. This crisis has led to shipping lines bypassing several Indian ports due to longer voyage times and increased route lengths, which in turn affects container availability.

NCLAT) has adjourned the case involving Glas Trust Co, which represents a group of US lenders to troubled edtech firm Byju’s, and its parent company, Think & Learn, to October 1. The matter was adjourned on Thursday as the Supreme Court is also hearing an appeal by Glas Trust, opposing a Rs 158-crore settlement arrived at between the edtech firm and the BCCI, alleging that the money paid by Byju Raveendran’s brother Riju Ravindran was tainted. The matter is likely to be heard on September 17. On August 14, the Supreme Court revived the insolvency case against Byju's, overturning a NCLAT decision that had quashed the bankruptcy proceedings and approved the settlement agreement with the BCCI.

Trevoc group is expecting Rs 1,000 crore revenue from a luxury residential project on Gurgaon’s Golf Course road. ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, will invest Rs 120 crore in the project while Trevoc is investing Rs 80 crore. In October last year, through an auction held by the Haryana Shahari Vikas Pradhikaran (HSVP), the state urban development authority, a two-acre plot in Sector 56 was auctioned for Rs 120 crore to Trevoc.

Union Bank of India has launched a special fixed deposit termed Union Sumvridhi 333, offering higher interest rates.

SBI Balanced Advantage Fund has achieved a milestone of completing three years. It is an open-ended dynamic asset allocation fund. The scheme is benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. The fund is managed by Dinesh Balachandran, Rajeev Radhakrishnan, Mansi Sajeja, and Pradeep Kesavan. Also Read | This defence mutual fund yielded 85% return since inception. Time to make allocation in this sector?

Supreme Court on Thursday stayed National Green Tribunal order restricting the number of persons to 30 who can be part of a 'dhol-tasha' group involved in an idol immersion of Lord Ganesh. Let them do 'dhol-tasha', it is heart of Pune, said SC on staying NGT direction capping numbers in group performance during Ganesh festival. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra heard the case.

The scheme is benchmarked against BSE 250 Large Midcap TRI and is managed by Sanjay Chawla and Miten Vora. This fund has offered 49.78% returns in the last one year and 22.04% in the last three years. Launched in September 2020, the scheme has offered 29.84% returns since inception.

palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. India's palm oil imports fell 26% in August from July to 797,482 metric tons, the Solvent Extractors' Association of India (SEA) said in a statement.

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bit.ly/3YcLNV7) by Samuel Arbesman reminded me of a joke he has there: “A software engineer walks into a bar. He orders a beer. Orders zero beers.

Army officers and their female friends were attacked by a group of men who gang-raped one of the women at gunpoint near the historic Jam Gate. Commenting on the incident, Additional SP Rupesh Dwivedi said on Wednesday night that six suspects had been identified, two of whom have been detained from the jungles. Both Army officers were injured in the mob attack. One of them managed to dial his senior officers but by the time police arrived from Mhow, 30km away, the woman had already been gang-raped. The two Armymen are undergoing the Young Officers course at Infantry School, Mhow, SP Rural Hitika Vasal said. According to the complaint filed by one of the lieutenants, the four of them had driven to Ahilya Gate near Jam Gate on Mhow-Mandleshwar road on Tuesday night.

Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over 700 employees, even as other financial technology startups have decided to cut jobs.

Ruturaj Gaikwad, will keep the same team, while India B strengthens its squad with Rinku Singh joining Sarfaraz Khan and Musheer Khan. PTI reports that the BCCI has rested several key players ahead of the second round, scheduled to start on September 12. These players were selected for the first Test against Bangladesh. Rishabh Pant, K L Rahul, and Shubman Gill have been given a break, along with Akash Deep, Kuldeep Yadav, Axar Patel, Yashasvi Jaiswal, and Dhruv Jurel. With Shubman Gill in the national team, Mayank Agarwal will captain the India A team. Prasidh Krishna also returns to the India A squad for the upcoming matches and he will closely watched as a pacer option for Border Gavaskar Trophy in Australia.

Haryana polls after it failed to strike an alliance with INDIA bloc member Congress. With the sixth list, the party has now announced 89 candidates for 90-members assembly. Previously on Wednesday, AAP released its fourth list of 21 candidates for the upcoming Haryana Assembly elections. AAP has so far declared 61 candidates for the 90-member assembly.

Mint he is considering the option as he himself rides a Jawa. Short-term contracts are better for creating hype around new launches or promotional offers but long-term partnerships with influencers build more consumer trust, said Shardul Verma, the marketing lead at Jawa. The selective approach of brands narrows options for influencers during the festival season, a period they rely on to boost earnings.

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Raj Kumar Pal struck a hat-trick as title-holders India sealed a semifinal spot after thrashing Malaysia 8-1 for their third consecutive win in the Hero Asian Champions Trophy, here on Wednesday. Apart from Raj Kumar (3rd, 25th and 33rd minute), Araijeet Singh Hundal (6th and 39th minute), Jugraj Singh (7th minute), skipper Harmanpreet Singh (22nd minute), and Uttam Singh (40th minute) sounded the board for India. For Malaysia, Akhimullah Anuar (34th minute) managed the solitary strike. India are currently on top of the standings with nine points from three wins.