Digital Financial News

Gautam Kalia, Head-Super Investor, Sharekhan By BNP Paribas, says “investors who have spent some time in the market and who have got a certain amount of experience consider trigger SIPs to enhance their SIP returns. Also most of these investors have a large lump sum amount. So when you have a large lump sum amount but you are not extremely comfortable with current market valuations and then you want to move that money in a staggered form back into the market that is really when trigger SIPs work wonders for investors.” The rule of SIP is to never stop it if you want to really make the most of your investment in mutual funds via SIPs. Markets are always going to be volatile, but then discipline is the key ingredient to having a great corpus and maybe even to get the power of compounding activated. In what way do you think it is a bad financial call to stop your SIP? The easiest way to explain it is you go to a shop regularly to buy clothes and you go to the same shop one day to shop and you realise that things are on sale and that is the one day you decide not to buy because things are on sale and really that is how you need to view the market as a long term SIP investor.

Huawei Technologies saw a slight uptick in revenue in the first three quarters of 2023, with the company citing growth in its digital power and cloud businesses as well as the growing competitiveness of its vehicle components unit. Huawei posted revenues of 456.6 billion yuan ($62.4 billion) for the first three quarters of the year, up 2.4% from a year earlier.

, the pioneering cryptocurrency, faced a slight setback as it dipped to 34,146, marking a nearly 1.75% decline this Friday. This downturn comes amidst a flurry of activity in the crypto sphere. The US Securities and Exchange Commission (SEC) has been flooded with eight to ten potential Bitcoin ETF product submissions, hinting at an evolving landscape.

Social Pill has won the social media mandate of PJC Foundation, the not-for-profit foundation arm of Parle Agro. As per the company, the mandate won is based on the strong creative and strategic expertise of the agency.

With the real estate sector spreading its roots across key markets driven by rising demand and strong sales, investors are now more actively looking for avenues to get big slices of the growth pie. Over the years the real estate sector has become more mature due to the introduction of regulations, and this has begun to garner positive interest from investors. What truly democratized the sector is the introduction of investment concepts like Fractional Ownership which allows individual or retail investors to invest in high-value properties and earn fixed returns from rent-generating assets.

Kotak Mahindra Asset Management Company has launched the Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity-related securities of companies engaged in consumption and consumption-related activities. The New Fund Offer (NFOR) of the scheme opened for subscription on October 25, 2023, and it will close on November 8,  2023. 

“Country after country as well as World Bank, United Nations, WTO, Africa Union, European Union, G20, BRICS, everyone is chanting that the digital infrastructure that India has built can accelerate the world economy, especially in those countries which have lack of infrastructure,” Bharti Airtel chairman Sunil Mittal said during the inauguration of India Mobile Congress. He also stressed about the success India has achieved in manufacturing, particularly digital infrastructure in the last few years. “I spoke about it last year that manufacturing of the scale and size which we want may not happen in India during my lifetime. But I realised that India is moving fast,” Mittal said. He highlighted that companies ranging from Apple to Dixon to Samsung and Tata’s, every company, be it small or big, are getting into manufacturing and India is emerging as a world leader in manufacturing, especially digital infrastructure.

India will be a leader in telecom technologies in years to come with the investments being made by the country in 5G and 6G and domestic equipment manufacturing, telecom minister Ashwini Vaishnaw said. He was speaking during the inaugural session of the India Mobile Congress 2023. “Today, the whole world is watching India expectantly.

PTI, “Whether it is World Bank, United Nations, WTO, African Union, European Union, G20, OECD countries, BRICS; everyone is saying that the digital infrastructure that India has built can accelerate the world economy, especially in those countries which have lack of infrastructure." Mittal informed that Airtel has already extended its WiFi services to 5,000 towns and 20,000 villages and expressed the company's commitment to providing nationwide 5G coverage by March 2024. Also Read: India Mobile Congress 2023: PM Modi inaugurates tech event at Bharat Mandapam today; Theme, schedule, other details here Mittal stressed, “Satellite communication and said that it is here to serve every inch of our country and of course the globe.

Narendra Modi inaugurated the 7th Edition of India Mobile Congress 2023 on October 27, which is taking place at Bharat Mandapam, Pragati Maidan in New Delhi. PM Modi will present awards to 100 ‘5G Use Case Labs’ established in educational institutions across the country, reported ANI.

Reliance Jio Infocomm Limited on Friday demonstrated India’s first satellite-based giga fiber service called JioSpaceFiber to provide high speed broadband services to previously inaccessible geographies within India at India Mobile Congress 2023. Jio has partnered with SES to access its medium earth orbit (MEO) satellite technology, the only MEO constellation capable of delivering truly unique Gigabit, fiber-like services from space, it said in a statement. Jio has so far connected four remote locations – Gir (Gujarat), Korba (Chattisgarh), Nabrangpur (Odissa), and ONGC in Jorhat (Assam) to demonstrate the new service. “Jio has enabled millions of homes and businesses in India to experience broadband internet for the first time.

Preeyam Tolia, Equity Research Analyst- FMCG & Retail, Axis Securities, says “we believe that the Q3 onwards, the demand should pick up for the paint segment. Anyway, it was expected that Q2 would be more sluggish but this is more than what we anticipated.” Asian Paints numbers seems to be a miss, especially volume growth was below what we were expecting. It has come in at 6% for the decorative business. So first cut for Asian Paints, how are the numbers looking to you? Definitely the numbers are weak in terms of top line and the bottom line as well because it is below our estimates. We anticipated a revenue growth of 3% led by 5% volume growth. However, the volume growth is better than our estimate, which the company reported of 6%. We believe that the delay in the festive season, which shifted towards the second half of the year, has impacted the overall demand. So yes, the numbers are weak.

Since the Nifty and the Sensex moved up around 20%, there should be a 10% kind of give up because I do not see it going more than that. Now we are maybe 300-400 points away from that in terms of the Nifty, so that is what should be the worst case. I do not see it going below that, says Sandip Sabharwal, asksandipsabharwal.com Are we just aligning ourselves with the rest of the globe given the outperformance we have had in the past? Yes, reasons for the corrections come later, but the view was that there should be some sort of correction after the euphoric up move, especially in the small and midcap side because when that kind of euphoria comes in and the kind of crazy valuation which IPOs were getting or are still getting, that is not good for the market so that is the phenomenon which is playing out. That said, my view was that since the Nifty and the Sensex moved up around 20%, there should be a 10% kind of give up because I do not see it going more than that.

Motilal Oswal Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 27 Here are key global market cues for Sensex today: Asian markets rebounded to trade higher on Friday as investors weighed on key economic data in the region. Japan’s Nikkei 225 traded 0.56% higher and the Topix gained 0.6%.

Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. For the three months that ended on Sept. 30, the company said it earned $143.1 billion in revenue, a 13% increase compared to the same period last year. Amazon made $9.9 billion in profits, topping analysts' expectations and sending its stocks higher in after-hours trading.

China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles.

Digital Personal Data Protection Act. In a letter addressed to Union and state electronics and information technology minister Ashwini Vaishnaw and Rajeev Chandrasekhar, the industry association has said that implementation of the provisions of the DPDP Act would require structural changes in organisations and businesses and they are likely to face a significant amount of challenges during the course of such transitions.

Indian IT firms could halve from a year ago as the $245-billion industry battles an unprecedented slowdown in tech spending globally, compelling some of the country’s top employers to look inward and boost margins instead of additions to the single-biggest P&L cost lineitem. In FY23, amidst the tail end of buoyancy, increments in the sector averaged around 12-18%. Those could drop to 6-10% this year.

The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities.

HT Media Group, has emerged as the fastest-growing news website in the world. It recorded a 49% year-on-year increase in the number of page visits, according to Press Gazette's September 2023 ranking of the top 50 global news websites. Publisher of popular editions, including the weekend magazine Mint Lounge and the personal wealth brand Mint Money, Mint consistently invests in in-depth reporting, data analysis, and top-notch journalists and expert columnists to power readers' personal growth.

Amazon Sale 2023 brings an exciting opportunity for tech enthusiasts and entertainment aficionados to snag incredible deals on TVs, particularly those under the budget-friendly range of ₹50,000. Picture this: You, reclined on your couch, watching your favourite series in breathtaking 4K resolution, or perhaps engaging in a heart-pounding gaming session on a generously sized screen that doesn't miss a pixel. This vision is within your grasp with the Amazon Sale, where discounts of up to 58% on TVs under ₹50,000 await your discerning eye.