Experts Financial News
10.01 / 17:29
10.01 / 17:29
markets
Digital
Strategy
Experts
PAM
reports
US finds no link between Havana syndrome, foreign power, but two spy agencies say it's possible
Havana syndrome" injuries reported by some US diplomats and other government personnel, though two agencies now say it remains a possibility. The conclusion comes from a review conducted by seven different intelligence agencies who examined cases of brain injuries and other symptoms reported by American diplomats and other government personnel who have raised questions about the involvement of a foreign adversary. The new assessment was released by US intelligence on Friday. Five intelligence agencies in the review concluded that it is very unlikely that a foreign adversary was behind the incidents, according to a US intelligence official who briefed reporters on the findings on condition of anonymity under rules set out by the Office of the Director of National Intelligence.
10.01 / 17:29
markets
Digital
Strategy
Experts
PAM
information
PE firm Apollo eyes $9.5 billion stake in Seven & i's buyout
Apollo Global Management Inc. is considering taking a substantial stake in a bid by Seven & i's founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said. The US private equity giant is discussing a commitment of as much as ¥1.5 trillion ($9.5 billion) for an equity stake in the plan, said the people, who asked not to be identified as the information isn't public. Under the current proposal, which is subject to change, Apollo would join the Ito family and Itochu Corp., the operator of FamilyMarts in Japan, as key investors. The Ito family is weighing a commitment of around ¥500 billion and Itochu more than ¥1 trillion. Other partners are still negotiating stakes.
10.01 / 17:29
markets
Digital
Strategy
SpaceX
Experts
PAM
blues
After long delays, Bezos' Blue Origin to attempt space debut on Sunday
Jeff Bezos' aerospace venture Blue Origin will at long last attempt to put a rocket into orbit. New Glenn, originally intended to launch as early as 2020, is slated to fly on Sunday out of Cape Canaveral, Florida, during a nearly four-hour launch window. The mission aims to put a Blue Origin test satellite into orbit and then land the rocket's lower portion on a drone ship in the Atlantic Ocean.
10.01 / 16:09
markets
Digital
security
Strategy
Remark
Experts
PAM
'Penalise if any violation': MP writes to minister after L&T chairman's remarks on working hours
SN Subrahmanyan's remarks that he wished employees to work Sundays, CPIML (Liberation) MP Raja Ram Singh on Friday wrote to Labour Minister Mansukh Mandaviya asking him to penalise any violation of laws on working hours in offices. In a letter to the labour minister, Singh also quoted a statement by Infosys Co-founder Narayana Murthy advocating a 70-hour workweek, and others like Bhavish Aggarwal of Ola and Sajjan Jindal of Jindal Steel Works publicly supporting such a proposal. Subrahmanyan's remarks advocating a 90-hour workweek and working Sundays sparked outrage online. «How long can you stare at your wife,» he is heard saying in a purported video address to employees where he urged them to spend less time at home and more in the office. CPIML (Liberation) leader Singh urged the Union minister to initiate measures to ensure strict enforcement of laws governing working hours.
10.01 / 16:09
markets
UPS
Analysis
Trade
Experts
reports
Just Dial Q3 results: PAT jumps 43% YoY to Rs 131 crore, revenue up 8%
Just Dial on Friday reported a net profit of Rs 131.31 crore for the quarter ended December 31, 2024 which was up 43% over Rs 92 crore reported in the year ago period. The Reliance Retail Ventures promoted company reported net revenues at Rs 287.33 crore in Q3FY25, higher by 8.4% over Rs 265 crore reported in the corresponding quarter of the previous financial year. The October-December quarter earnings were announced after market hours and shares of Just Dial today ended at Rs 1034.60 on the BSE, down by Rs 40.35 or 3.75% over the Thursday closing price.
10.01 / 16:09
markets
Platform
security
Analysis
Trade
Experts
Celebrity
Mudrex marks 7th anniversary with fee-free trading and ambitious growth plans
Mudrex, a global crypto investment platform, is celebrating its 7th anniversary on January 10 with the announcement of a fee-free trading day on January 12, 2025, for all coins. This special gesture comes as the platform celebrates a year of extraordinary growth, including a 200% increase in its user base, which now exceeds 3 million, and a 20X surge in monthly trading volume, reaching $200 million. Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.
10.01 / 16:09
markets
Digital
Strategy
Apple
Experts
PAM
reports
Warren Buffett was on a stock-selling spree recently; if you are an American investor, read the hidden message of the Oracle of Omaha
Warren Buffett has been making some swift and silent movements at the US stock market in recent while, and he has also let go of some of his major stock holdings in the last couple of months, something that is triggering concerns among US investors, especially those who are still holding those stocks in their investment portfolios.
10.01 / 15:07
markets
Provident
Digital
Strategy
Experts
PAM
Awfis Space Solutions leases 1.97 lakh sq ft office space in Pine's Kharadi
Flexible office provider Awfis Space Solution has picked up an office space over more than 197,000 sq ft in a commercial complex in Pune’s Kharadi locality through a long-term lease of over five years. The company will be paying rentals of Rs 18 per sq ft a month during the fit-out period of initial three months starting from the license commencement date of January 1. The lease rentals during the rest of the term will be based on the profit share and minimum guarantee agreement between the company and the project’s developer.
10.01 / 15:07
10.01 / 15:07
markets
Digital
Williams
Strategy
Experts
PAM
reports
Prince William begins flexing his royal muscles; as his ascension to the throne nears, he is seizing more power from his cancer-stricken father, King Charles
Prince William has started to show off his regal prowess. As he approaches his throne ascension, the 42-year-old Prince of Wales is reportedly seizing more authority from his cancer-stricken father, King Charles. William, the heir apparent to the throne, is reportedly making a number of important decisions regarding the firm's long-term prospects. Declaring his estranged brother Prince Harry and his wife Meghan Markle to be personae non gratae is one of those. The same is true for Prince Andrew, his scandal-plagued uncle, according to InTouch.
10.01 / 15:07
markets
COST
Digital
Gap
Strategy
Experts
PAM
Difficult to lower interest rates below 20% without access to cheaper funds: MFI heads
microfinance institutions (MFIs) on Friday said that it would be difficult for them to lower interest rates unless they have access to cheaper sources of funds which can be ensured by a dedicated credit guarantee scheme, refinance facility or interest subvention. The rates charged by microfinance lenders have always been a contentious issue and have again come under regulatory glare following an increase in defaults seen in the sector. Most lenders charge between 21% and 24% a year. The Department of Financial Services at a meeting with MFI heads earlier this week urged them to reduce rates to make the loans viable for borrowers. «Given the cost structure, it would be difficult for NBFC-MFIs to reduce rates below 20%,» said Sadaf Sayeed, chief executive at Muthoot Microfinance.
10.01 / 15:07
markets
Provident
security
Analysis
Trade
Experts
prevention
FPIs: Sebi plans hiking threshold to Rs 50,000 cr for making granular disclosures
portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis. The norms are aimed at preventing the possible round-tripping by certain promoters using the FPI route.
10.01 / 15:07
markets
Reuters
Analysis
Trade
President
Experts
Oil jumps over 4% to above $80 on concern over more sanctions on Russia
Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.
10.01 / 14:03
10.01 / 14:03
markets
Digital
Strategy
Puzzle
Experts
RAI
PAM
NYT Mini Crossword: Here’s clues and answers for Friday, January 10 game
New York Times Mini Crossword is a popular word puzzle game available in the Times’ Games section. Here are the solutions for the puzzle for Friday, January 10, along with an overview of accessing Mini Crossword archives.
10.01 / 13:05
markets
Digital
Strategy
Experts
PAM
country
travelers
258 Pakistanis deported from seven countries, 16 arrested in Karachi
A spokesperson of the Immigration department at Karachi's Jinnah International Airport said, among them, 14 had Pakistani passports, while 244 were deported on emergency travel documents. «We arrested 16 deportees at the Karachi airport, including one with a suspicious identity, while the rest were released after questioning,» he said.
10.01 / 13:05
markets
Digital
Manufacturing
Strategy
Experts
PAM
innovations
Syrma SGS partners with MSI to manufacture laptops for Indian market
Syrma SGS has signed a pact with Taiwanese PC brand MSI to manufacture laptops for the Indian market. As part of the agreement, Syrma will assemble laptops for MSI at its Chennai facility. The company will be taking a phased approach to localise manufacturing for MSI in India, starting with assembly with a technology transfer from MSI, the company said in a statement Friday. «It not only bolsters our IT hardware manufacturing portfolio but also underscores our ability to deliver high-quality, innovative solutions that meet the needs of global leaders like MSI,» said Satendra Singh, CEO, Syrma SGS.
10.01 / 13:05
markets
Digital
Strategy
Experts
DAL
PAM
SAD's working committee accepts Sukhbir Badal's resignation as party chief
working committee of the Shiromani Akali Dal (SAD) Friday accepted the resignation of Sukhbir Singh Badal as party chief, party leaders said. The move came over a month after Akal Takht Jathedar Giani Raghbir Singh asked the SAD to implement the December 2 edict at the earliest, while referring to the direction of accepting the resignation of Badal. Badal's resignation was accepted in the working committee meeting held at the party's headquarters here. Speaking to reporters after his resignation was accepted, Badal thanked the party workers and leaders for their support.
10.01 / 12:59
markets
UPS
security
Analysis
Research
Trade
Experts
Gold rises Rs 250 to Rs 80,550 per 10 gm; silver trades flat
capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday.
10.01 / 12:59
markets
Digital
Strategy
film
Experts
Warner Bros
PAM
stars
Christopher Nolan's 'Interstellar' to be re-released next month? Warner Bros' big announcement
Interstellar" in cinemas and IMAX across the country to celebrate the 10th anniversary of the 2014 sci-fi film. The film will release in theatres on February 7. Nolan is known for his lavishly-mounted stories such as «The Dark Knight» trilogy, «The Prestige», «Inception», «Dunkirk» and «Oppenheimer». The film, starring Matthew McConaughey, Anne Hathaway, Jessica Chastain, Bill Irwin, Ellen Burstyn, Matt Damon and Michael Caine, revolves around a team of space explorers who travel beyond the galaxy to discover whether mankind has a future among the stars.
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