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“The 3Cs, namely, capex, credit growth, and consumption (more so discretionary, upper end and luxury) are themes which must find a way to get into the portfolio of investors,” says Devang Mehta, Director – Equity Advisory, Spark Capital Private Wealth Management. In an interview with ETMarkets, Mehta said: “4Fs — Financialisation, Formalisation, Fiscal expenditure by the government & Farm income growth are the themes which will play out in an economic upturn and select sector and companies who are part of this theme will show robust growth and profitability,” Edited excerpts: The festive season has begun, and we are seeing signs of stabalisation as volatility has reduced. How are you looking at markets? India's festive season usually runs for several weeks until Diwali with millions of Indians binging on food, gifts, and home improvements.

fire at a shisha bar and restaurant in Bengaluru prompted the chef to jump off the building. This was captured in a horrific video; the chef remains in a coma. The building had not been inspected by the fire and emergency services department because it has no mandate to inspect buildings under 21 metres.

Kaynes SemiCon, a 100% subsidiary of Kaynes Technology, is investing Rs 2,850 crore in a facility in Hyderabad for outsourced semiconductor assembly and testing (OSAT), with automatic test equipment (ATE) and a reliability testing line, chief executive Raghu Panicker said. The groundbreaking ceremony for the facility that will have 13 lines for OSAT, and one each for ATE and reliability testing was held recently.

Elevation Capital and McKinsey India suggests. The report, shared with ET, estimates that by FY30, the number of affluent Indians will grow to around 30 million from around 10 million now, in turn doubling the revenue pool in this space to $80-100 billion.

Global Capability Centres (GCC) are bucking the broader industry’s hiring downtrend. This year, GCC hiring could climb up to 30% from last year, with four out of five facilities adding jobs, data accessed by ET showed. Fresher hiring by GCCs will mainly benefit premier institutes, experts said. This comes as the top Mumbai-listed IT services companies, otherwise among the leading absorbers of fresh engineering and management talent, have decided to skip the campuses.

The spotlight is on Walt Disney Company (NYSE:DIS) as the entertainment behemoth prepares to unveil its latest quarterly financial results after today's market close.

Onafriq is using Ripple’s crypto-enabled payments technology to open up three new payments corridors between Africa and the rest of the world.Customers of PayAngel in the UK, Pyypl in the Gulf Cooperation Council, and Zazi Transfer in Australia can use the technology for remittance and business payments to recipients in 27 countries across Onafriq’s pan-African network.The firms say that their partnership will bring faster, more efficient, and cost-effective international money transfers to Africa, accelerating financial inclusion across the continent.Dare Okoudjou, CEO, Onafriq, says: “Our mission is to make borders matter less when it comes to payment within, to, and from Africa.

The initiative aims to explore the potentials of deposit tokenisation in enabling always-on, real-time treasury fund movement between accounts held by a corporate within the HSBC network.Conducted under the Hong Kong Monetary Authority's Fintech Supervisory Sandbox arrangement, the test encompassed the issuance, transfer, and redemption of deposit tokens. During the test, HSBC was connected to the blockchain platform developed by Ant Group.

The South Korean gaming behemoth WeMade has scored a success by securing a new domestic crypto exchange listing for its WEMIX coin.

In an exciting development, Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, unveiled data showing an eight-day long window wherein the Securities and Exchange Commission (S.E.C) could approve all 12 spot Bitcoin ETF applicants beginning as soon as tomorrow. 

Senator Ted Budd (R-NC) introduced a bill yesterday that would see crypto users’ assets kept in self-hosted wallets in hopes of mitigating third-party risk. 

₹3.52 trillion by the end of FY23, according to the Bharat Microfinance Report 2023. The report released by industry body Sa-Dhan on the inaugural day of the National Conference on Inclusive Growth attributed the growth to a favourable economic environment and the revised regulatory framework issued by the RBI and quickly adopted by all MFIs. The report compiled data from 213 microfinance institutions (MFIs) representing more than 99% MFI activities in the country.

₹1.5 crore to ₹10 crore. “Celebrities figure that they are popular faces and ensure enough publicity for these events that are clearly not intended to be private.

Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz’s crypto arm a16z Crypto.

The blockchain based video-streaming site, Odysee, finds itself in hot water this morning following a detailed report by the Southern Poverty Law Commission that claimed the website is a hub for “hate groups and extremists.”

The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023.

—Name withheld on request Over the last few years, several alternatives to buying physical gold have emerged that generate higher returns. From a cost, tax and return perspective, sovereign gold bonds (SGBs) issued by the government of India are possibly the best option. SGBs get you a 2.5% annual interest if you hold these until maturity, which is eight years from the issue date.

HSBC Holdings Plc plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank’s latest move in the new area of finance.

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Geopolitics, Covid-19 and mainstreaming of large language models (LLMs) have disrupted the semiconductor supply chain, said a senior semiconductor industry executive on Wednesday at the Nasscom Future Forge Conclave. “There were three key moments in the past three or four years that have brought the semiconductor ecosystem back to the forefront. First of them being geopolitics,” said Narendra Bhandrari, partner, Sea Fund, who has worked at Intel for more than two decades.