Experts Financial News

«We expect the truncated week to remain sideways amid a mixed Q2 season, monthly FNO expiry and continued selling by FIIs. Key results to watch out for tomorrow will be Maruti Suzuki, Adani Enterprise, Adani Ports, and Cipla amongst others,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Edu-wealth startup Zinc, founded by former PayU Credit chief executive and PaySense founder Prashanth Ranganathan has raised $25.5 million in seed funding. The round was led by Nexus Venture Partners, with participation from Quona Capital, EDBI, Global Ventures, and Saison Capital. The Singapore-headquartered company plans to use the funds to drive product innovation, expand its offerings and secure key financial licences to help families save and invest for their children's global education.

Mumbai: Spreads in the bond market have tightened significantly, with AAA-rated companies raising funds at some of the lowest rates seen in recent years, underscoring the demand for quality debt issues in an environment where yields are expected to soften after the latest change in the RBI’s monetary policy stance. Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94% annualised.

artificial intelligence (AI) revolution – this was Nvidia founder and chief executiveJensen Huang’s clarion call to India Inc at ET Conversations in Mumbai last Friday. The Indian market is currently dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. But are there any domestic players that are equipped to take on the three global hyperscalers? There are local alternatives, such as E2E, according to Pratik Desai, founder of agricultural AI startup Kissan AI – which uses Azure as the primary cloud provider and AWS as a secondary cloud provider – but they are catching up in terms of cost and integrated services.

vehicle demand. The Nifty Auto index has declined over 11% in the past month as against the 5.7% decline in the benchmark Nifty. Analysts said the Auto index could drop at least 10-15% from the current levels. «Post-Covid, auto shares have experienced a bull run, and despite some adjustments over the past six months, valuations remain stretched,» said Krishna Appala, senior research analyst, Capitalmind Research. «If earnings growth doesn't hold up, corrections of around 10-15% are likely, as share prices have already surged over the last three years.»

Elon Musk is publicly endorsing and supporting Republican Presidential candidate Donald Trump for the upcoming United States elections, scheduled for November. However, his past is probably beginning to haunt him as certain revelations about the Tesla founder being an illegal immigrant is doing the rounds in the media. According to a Daily Beast report, Elon Musk had worked illegally on a student visa and had even faced concerns that he could be deported from the United States, much before he could make a name for himself and become one of the world's top philanthropists.

US stock market could end up getting hit by an unprecedented crisis, as stocks are expected to tank by up to 5%, with S&P 500 bearing the brunt of most of it, as per BTIG's Jonathan Krinsky, who is anticipating a major shakeout at the stock markets in the coming weeks.

Taylor Swift, the world famous pop artist has attended only three of her boyfriend Travis Kelce’s games during the NFL season of 2024 which marks a significant drop from the 15 games which she attended during the 2023 season when they had just began dating. According to SheKnows, Taylor Swift’s selective attendance during her boyfriend’s game is because of her busy schedule due to the resumption of the Eras Tour and significant safety concerns. SheKnows reported that the decision of Taylor Swift to eventually limit her appearance to games at the Arrowhead Stadium is actually influenced by a bomb threat incident which took place in Vienna during summer while that prompted her team to implement stringent security measures. Taylor Swift feels a sense of safety with Travis Kelce as Travis Kelce provides her with both physical and emotional protection and Taylor Swift trusts him pretty blindly while she also appreciates Travis Kelce’s presence during this challenging times, noted SheKnows. The appearances of Taylor Swift are always being carefully planned and in recent times she is extra cautious about attending events at venues that have been thoroughly vetted for security.

Billy Bob Thornton takes on a new role in Landman, a Paramount+ series set in the rugged terrain of West Texas. Created by Taylor Sheridan, the series dives into family, legacy and the cost of corporate greed.

Walmart Plus, at a 50 per cent discount ahead of the holiday season, as the retailer attempts to close the gap with rival Amazon.com's Prime subscription service, as per a report. This year, U.S. retailers like Walmart have launched sales events earlier and added more deals and perks to attract shoppers coping with high inflation. The National Retail Federation forecasts U.S. holiday retail sales will grow up to 3.5 per cent, the slowest pace in six years due to frugal spending, Reuters reported. As part of these early deals, Walmart is offering a one-year Walmart Plus membership for $49, down from its regular $98, from Monday through December 2.

Diddy is sad and lonely in prison, according to the psychiatric team, who see him every day, as quoted in a report by the Daily Star. Rapper and producer P Diddy is accused of human trafficking on several counts, and it has been reported that his mental health is deteriorating as he adjusts to life behind bars. The rapper, whose real name is Sean Combs, was cuffed in September on a number of charges and has since been imprisoned in New York's infamous Metropolitan Detention Center.

Millions who could benefit from hearing aids have never tried them

Former US President Donald Trump has repeatedly made false claims that the schools in US are secretly sending their children for undergoing gender affirming surgeries without having any sort of parental consent. According to CNN, during a recent discussion which took place in New York City, Donald Trump asserted that children could leave for school and return having undergone gender transition surgeries without having any sort of parent’s knowledge. CNN reported that Republican Presidential candidate Donald Trump again repeated his same claim while having an interview with Joe Regan where he suggested that these kinds of surgeries occur in schools itself. This certain narrative was first introduced by Donald Trump in late August which was eventually debunked by multiple sources including CNN as well while no one found any kind of evidence to support Donald Trump’s assertions. Also Read:Are Hugh Jackman and Sutton Foster dating? They have kept their rumored romance secret

Multilateral development banks (MDBs) have embarked on reforms but the pace and ambition fall «well short» of what was recommended and what is required, said Lawrence Summers and NK Singh, who were co-conveners of the G20 Independent Expert Group on MDB Reforms under India's presidency last year. «In our view, the shortsighted approach of waiting until a crisis hits before acting forcefully on MDB reform will turn out to be a costly misjudgment. Time is not on our side,» they said in a latest report card on MDB reforms. Summers, president emeritus at Harvard University, and Singh, a former senior bureaucrat, had recommended a vision for better, bolder, bigger MDBs as a central tool to respond to the issues facing emerging markets and developing economies. The Brazilian G20 presidency this year has followed up by developing a road map of MDB reforms.

Associated Press reported that Key states like Arizona, North Carolina, Michigan and Nevada are being targeted through advertisements over radio and events featuring prominent figures. Prominent figures like US Senator Markwayne Mullin while campaigning in the native communities are eventually discussing energy policies and the requirement for federal recognition of various tribes like the Lumbee. Also Read: Did Beyonce snub Harris by not performing at her Houston rally? Crowd boos; Trump rips the VP

Bharti Airtel will decouple its Direct-to-home (DTH) business from the converged entertainment category, creating two new verticals — Connected Homes (which includes Broadband and Converged Entertainment) and DTH. Siddharth Sharma, currently CEO of DTH, will be appointed Director Marketing and CEO of Connected Homes.

Narendra Modi on Monday said a strong people-to-people connect has always strengthened ties between India and Spain. «While yoga is highly popular in Spain, Spanish football is liked in India,» Modi said after he and Spanish President Pedro Sanchez inaugurated the Tata Aircraft Complex for manufacturing C295 aircraft in Vadodara. On Sunday's football match between clubs Real Madrid and Barcelona, Modi said Barcelona's great victory was a topic of discussion in India too and the fervour of the fans of both the clubs was the same in India and Spain. Dwelling on India and Spain's multifaceted partnership, Modi said, «Whether it is food, films, or football, our strong people-to-people connect has always strengthened our ties.» Modi expressed happiness that India and Spain have decided to celebrate 2026 as the India-Spain Year of Culture, Tourism, and AI.

Federal Bank on Monday posted an 11 per cent increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. The total income increased to Rs 7,541 crore during the quarter under review against Rs 6,186 crore in the same quarter last year, Federal Bank said in a regulatory filing.

FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Ashok Chandra for the position of Managing Director (MD) and CEO of Punjab National Bank (PNB). He is currently the Executive Director of Canara Bank. He will replace Atul Kumar Goel who retires in December. The Financial Services Institutions Bureau (FSIB) interviewed 16 candidates for the position of MD & CEO of PNB, FSIB said in a statement.

US election 2024 witnessed a crucial twist when President Joe Biden's revealed that he was going to drop out of the 2024 White House race and endorsed Vice President Kamala Harris as the Democratic nominee triggered one of the most remarkable transformations in American politics, as per a report on AFP. Harris was previously saddled with record low approval ratings for a 'veep'. Within a few short weeks she created an election campaign out of nothing. She held rapturous rallies, raised more than $1 billion in funds and brought what she called a burst of joy to a party that had given up hope.

illegal payment gateways created by transnational gangs of cybercriminals using mule bank accounts and are being used for facilitating money laundering, officials said on Monday. The gateways are created by transnational cybercriminals who provide money laundering services using accounts of shell companies and individuals, exploiting the bulk payout facility provided by banks, it said. Police in Gujarat and Andhra Pradesh recently conducted nationwide raids which showed that cybercriminals have set up illegal digital payment gateways using rented bank accounts for laundering the proceeds of different crimes. «Some of the payment gateways identified during the operation are PeacePay, RTX Pay, PoccoPay, RPPay etc. These gateways are learnt to be providing money laundering as a service and are operated by foreign nationals,» a government statement said.