Experts Financial News

Swiggy gears up for its high-profile IPO next week, anticipation is high among its celebrity investors, who acquired stakes in the food delivery giant early on. These high-profile stakeholders could stand to benefit significantly from a successful market debut as Swiggy transitions from a private entity to a publicly traded company. A host of celebrities from entertainment and sports have bet on India's food and grocery delivery market, hoping that Swiggy would capture the lion's share of the market.

Daylight saving time ends in the US at 2 am local time on Sunday, giving residents an extra hour of sleep. Clocks should be set back an hour before going to bed. This change will last until March 9, when daylight saving time resumes. Adjusting to the spring forward change can be harder on the body, with studies indicating an increase in heart attacks and strokes immediately after the change due to disruptions in the internal body clock. The fall back change is generally easier, but still requires some adjustment in sleep habits. The transition to shorter days can be challenging for people with seasonal affective disorder, a type of depression linked to reduced sunlight in fall and winter. Health groups, such as the American Medical Association and the American Academy of Sleep Medicine, suggest eliminating time switches and maintaining standard time for better alignment with human biology.

Israel's new "Iron Beam" laser defence system is expected to be operational within a year, significantly enhancing the country's ability to counter aerial threats. The Israeli defence ministry recently announced a $500 million investment in contracts with Rafael Advanced Defence Systems and Elbit Systems to boost production of this cutting-edge technology.

mega auction. Post the revelations, most teams find themselves needing to find a captain and a wicket-keeper in the auction in Riyadh, Saudi Arabia, that is scheduled in the last week of November. Players like Rishabh Pant, KL Rahul and Shreyas Iyer will be the hot picks at the event.

Donald Trump has spent months laying the groundwork to challenge the results of the 2024 election if he loses — just as he did four years ago. At rally after rally, he urges his supporters to deliver a victory «too big to rig,» telling them the only way he can lose is if Democrats cheat. He has refused to say, repeatedly, whether he will accept the results regardless of the outcome. And he's claimed cheating is already underway, citing debunked claims or outrageous theories with no basis in reality. «The only thing that can stop us is the cheating. It's the only thing that can stop us,» he said at an event in Arizona late Thursday night. In 2020, Trump prematurely declared victory from the White House. He launched a legal and political effort to overturn his loss to Democrat Joe Biden that culminated in the storming of the Capitol by his supporters on Jan. 6, 2021.

Apple may be contemplating a strategic acquisition of Intel. This comes from the YouTube channel 'Moore's Law is Dead', where Tom S has reported about «whispers» of a potential purchase of Intel by Apple. He claimed that Samsung is also interested in acquiring or merging with the chip manufacturer Intel. This comes as chipmaker Intel faces troubled waters, with profit margin shrinking due to high competition in the manufacturing technology space and little success in the booming market for artificial intelligence (AI) chips. Apple-Intel deal?

Supriya Sule on Saturday greeted people on the occasion of Diwali Padwa at the residence of NCP-SCP chief Sharad Pawar and said that in Baramati there is Padwa in every home. «For the last 57 years since Sharad Pawar got elected in 1967 for the first time, this is an open house tradition which takes place...I have no idea, there are many Padwa (Diwali Padwa) happening here...In Baramati, there is Padwa in every home,» Supriya Sule said. Diwali Padwa, also known as Bali Puja or Bali Pratipada, is celebrated on the first day of Kartik Pratipada, which follows Diwali Puja.

Nationalist Congress Party (SCP) chief Sharad Pawar on Saturday greeted people at his residence on the occasion of Diwali Padwa in Baramati, Maharashtra. The party workers were seen seeking blessing from the Nationalist Congress Party (SCP) chief. Diwali Padwa, also known as Bali Puja or Bali Pratipada, is celebrated on the first day of Kartik Pratipada, which follows Diwali Puja.

Executive search firm EMA Partners India is planning to launch an initial public offering (IPO) with a maximum offer of up to Rs 100 crore subject to approval.

petrochemical industry is charting a path towards becoming a global powerhouse, integral to the nation’s economic vision of a USD32 trillion economy. This ambitious journey hinges on a dynamic chemical sector, with manufacturing output projected to increase by an extraordinary 50 times, reaching USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation across the chemical value chain.

As on Sep 30, 2024, in terms of performance domestic price of Gold (MCX gold) has generated reasonable return. For instance, over last period of 15 Yr. MCX Gold has generated return of 11.1% CAGR whereas Nifty50 has generated return of 12.9%. In short-term, such as over 3-year period, it has generated return of 18% vis-à-vis 14.9% of Nifty50. Over the long run, Gold has exhibited low or even negative correlation with Nifty 50 and helps in risk mitigation. Though investors should note that in the short term, correlation may or may not hold. For example, while in 2008 and 2011, when Nifty 50 gave negative returns, Gold posted strong positive returns, but both the asset classes were negative in year 2015. At current levels, while Gold may not deliver exuberant returns in short term, investors should approach it for portfolio completion and risk mitigation with longer investment horizon with a strategy to buy at Dips or in staggered manner. Backed by reasonable performance, risk mitigation and being a safe haven, investors are naturally inclined to allocate some portion of their portfolio to gold and use gold for prosperity in their wealth creation journey.

settled in the UK but have no evidence to prove it, you might be eligible to apply to the ‘Windrush Scheme’. You may be able to apply for proof that you can live and work in the UK if one of the following is true:

US employment report offers final clues ahead of next week's Federal Reserve policy decision. US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks — compared with just under 4.3% currently.

Bitcoin's rally toward another all-time high and renewed ETF inflows, a bleaker picture of crypto is emerging, one where waning interest in once-hot assets prompts some companies to slash jobs. On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase Inc. reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.

Izz al-Din Kassab, a high-ranking Hamas official, in an airstrike in Khan Younis, southern Gaza. Kassab was the Head of National Relations in Hamas' political bureau. According to the IDF, he was responsible for coordinating with other factions in Gaza and directing military relations. The IDF stated on X, «ELIMINATED: Izz al-Din Kassab, Head of National Relations in Hamas' Political Bureau. Kassab was a member of Hamas' political bureau and was responsible for national relations within the organization, overseeing the coordination and connection between Hamas and other terrorist organizations in Gaza.» The post also mentioned that Kassab directed terrorist attacks against Israel. The attack comes amid heightened tensions between Israel and Hezbollah. The IDF reported that Hezbollah fired over 4,400 projectiles toward Israel in the past month. They also discovered more than 3,000 explosive devices and dismantled 2,500 anti-tank missiles and RPGs in the same period. The IDF claimed to have eliminated over 1,500 terrorists since the conflict began.

Donald Trump pits Americans against one another, his Democratic rival and Vice President Kamala Harris alleged Friday and asserted her pledge to pursue common sense solutions and to be a president for all Americans. «America deserves better than what Donald Trump is offering. America deserves a president who understands our role and responsibility to our people and to the rest of the world to be a model,» she said. Campaigning in the presidential elections entered the last few days with both Harris and Trump making closing arguments before voters in the key swing states. «As you have heard me say many a times, my pledge to the American people is to pursue common sense solutions, to listen to those, even those who disagree with me, to listen to experts, and to be a president for all Americans,» Harris told reporters in Wisconsin.

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams, which will replace Dow, S&P Dow Jones Indices said on Friday. Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.

Hedge funds and other investors are searching for trades that profit from a win by Republican presidential candidate Donald Trump, but also offer limited downside in the event of a victory by Vice President Kamala Harris. As the nearly deadlocked race nears, some are looking for so-called "asymmetric trades" involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. «Trading the election is difficult given how tight it is,» said Edoardo Rulli, head of UBS Hedge Fund Solutions.

Mumbai: Samvat 2081 kicked off on a firm note as the country’s stock benchmarks gained nearly half a percent in Friday’s 60-minute Muhurat trading session, marking the start of the Hindu New Year. The Sensex closed at 79,724, up 335 points or 0.42%, after advancing as much as 634 points. The Nifty ended 94 points or 0.39% higher to close at 24,299.55. The Nifty Midcap100 index rose 0.67% while the Nifty Smallcap 100 went up 0.87%. Of the 3,648 traded stocks on the BSE, 3,017 advanced, while 558 declined.

United Nations, Nov 02, 2024 -Yemen's Huthi rebels are transforming themselves into a «powerful military organization» due to «unprecedented» military support from outside sources, particularly Iran and Hezbollah, according to a UN report published Friday. Since the beginning of the war in Gaza last year, the Huthis, who have controlled large swaths of war-torn Yemen for a decade, have «exploited the regional situation and enhanced cooperation with the 'axis of resistance,'» which includes Iran, Hamas and Hezbollah, the UN experts said. The panel noted «the transformation of the Huthis from a localized armed group with limited capabilities to a powerful military organization, extending their operational capabilities well beyond the territories under their control.»

Ivanka Trump, the daughter of Republican candidate Donald Trump, chose to take a back seat during the Presidential election campaigns and did not prefer to feature in the various Republican events that took place throughout the election cycle, even when other children of Donald Trump actively took part in the campaign, with Donald Trump Jr. and Eric Trump spearheading some important aspects of their father's campaign.