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Gautam Trivedi, Co-Founder & Managing Partner, Napean Capital, says “the market is now starting to accept that there is a certain different valuation metric we should be applying to the new age tech companies. These companies are changing the way we live and behave, whether it is Zomato, whether it is insurance online or Paytm. Going forward, these are companies you want to keep owning from a longer term perspective.” Let us look at something which is in the public domain, something which we have discussed in the past, your top holdings, Varun Beverages, Landmark, Inox Wind, Sampada. Have your top five holdings changed or are they still intact? These are the top five holdings on a mark to market basis. So these are actually companies that we are a bit more of a special sits (situations) fund. We look for steady compounders as well. Varun Beverages, interestingly, was a special sits which became a steady compounder. Landmark Cars, is the other sector which is compounding – the auto space. Inox Wind, is a special sits investment because the government policy has changed favourably towards wind power because there was too much focus on solar given the fact that solar energy is only available from eight o'clock in the morning to about 4.30 or 5.00 p.m. in the afternoon.

Narendra Modi urged the people of Telangana on Thursday to cast their votes in record numbers in the elections to the 119-member state Assembly. Voting began at 7 am at various polling booths across the state.

Investing.com-- Oil prices fell in Asian trade on Thursday tracking weak economic signals from top importer China, with traders now holding out for an upcoming OPEC+ meeting where the cartel is widely expected to announce more supply reductions. 

Essar Oil UK will invest $3.6 billion into a range of energy-efficiency and carbon-capture initiatives over the next four to five years. This will enable the company to decarbonise its production processes by 2030, its chief executive said. «Our focus is to decarbonise all the production processes,” Deepak Maheshwari said. Of the $3.6 billion, $2.4 billion will be invested at its site in Stanlow, between Liverpool and Manchester in the UK, and $1.2 billion in India. The investment, he said, will come from the company's own cash flows, a mix of debt and equity, and the UK government's subsidy for low-carbon initiatives which is termed as ‘contracts for difference’. Essar had in February announced the launch of Essar Energy Transition, an initiative to create an energy transition hub in Northwest England. »We see ourselves in a very unique position...by the time all government approvals are received, we would have implemented at least two of our hydrogen projects.

Israel and the Palestinian militant group Hamas, the Red Cross and other authorities said. In a repeat of scenes over the past six days during a humanitarian pause in hostilities, the civilians were released to the International Committee of the Red Cross (ICRC) and driven in vehicles to Israel. Two Russian citizens and four Thai citizens were released outside the framework of the agreement while the 10 Israeli citizens freed included five dual citizens, Ansari said. They were a Dutch dual citizen, who is also a minor, three German dual citizens and one U.S.

IPO) market witnessed one of the busiest periods last week with five companies, including Tata Technologies, Ireda, Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean: What is the grey market? The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges. In this market, transactions happen in person, unlike exchange trades that see no human intervention.

Catch the latest updates with LivemintTelangana Assembly Elections 2023: On the week the last crucial Assembly polls would be conducted, the Election Commission asked Bharat Rashtra Samithi (BRS) to discontinue their Rythu Bandhu fund distribution among farmers in Telangana.The Telangana Assembly Elections is the last of the semi-final series ahead of the 2024 Lok Sabha Elections. The Telangana Assembly Polls are scheduled to be conducted on 30 November and the results for the polls will be declared on 3 December.Telangana will see a three-way competition to win the Legislative Assembly seats- Bhartiya Janata Party (BJP), Congress, and BRS.

Rainbow Six Siege's Year 8 season 4, Operation Deep Freeze, brings substantial changes to the game. The release date, initially set for November 28, 2023, has been delayed by Ubisoft for further testing, with no specified duration. Operation Deep Freeze marks the end of Year 8 and introduces Tubarao, a new operator from Portugal. Tubarao's primary gadget, the Zoto Canister, is a throwable device releasing freezing gas, deactivating gadgets, exposing footprints, and slowing down attacks. Tubarao can complement defenders like Bandit and Pulse. The Defender AI playlist debuts with Operation Deep Freeze, replacing Terrorist Hunt. This playlist allows players to go solo or team up against a stack of five AI bots, mirroring casual matches. Frag Grenades have been reworked — they can no longer be cooked and will now fuze two seconds after bouncing off a surface. IQ, Lion, Sens, Osa, and Blackbeard have gained access to these grenades. The Marketplace, a novel concept, is introduced in Rainbow 6 Siege. In-game Credits, the premium currency, are used to trade items with the community. The Marketplace beta will be launched in Y8S4, offering various cosmetics and headgear. A full release is scheduled for Year 9, and registration for beta access is available on Ubisoft's official website. Operation Heavy Mettle, the current season, extends beyond November 27, ensuring a seamless transition to Operation Deep Freeze, the fourth and final season of Year 8. Year 9 content is anticipated to follow.

Telangana assembly will be held on Thursday. It will complete voting in five states, including Chhattisgarh, Mizoram, MP and Rajasthan.

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Most young financial advisors say artificial intelligence will enable them do their jobs better, but they also say their firms restrict the use of the nascent technology, in part because of regulatory concerns, according to a study released Wednesday.

Silkyara tunnel in Uttarakhand was coordinated by the Prime Minister's Office. The PMO made sure that everything went according to plan and its quick intervention in smoothening bureaucratic glitches hastened the evacuation process.

MUMBAI : Robust domestic buying as well as short-covering by foreign institutional investors (FIIs) ahead of the assembly election results on 3 December propelled BSE’s market capitalization to $3.99 trillion on Wednesday, well past the government’s nominal gross domestic product (GDP) forecast of $3.62 trillion for the current fiscal (FY24). The Nifty 50 index reclaimed the 20,000-mark after a span of two months.

Sticky Vicky passed away on November 29, 2023, at the age of 80 following a long illness. The news came as a shocker for people. Vicky was a well-known dancer in the Spanish vacation destination, where she captivated audiences for decades with her risque routines. Vicky's daughter broke the news of the dancer's demise. Taking to Facebook, Vicky's daughter, María Gadea Aragüés said with profound grief she wanted to let everyone know that her mother passed away today at 6. She further added it is hard to believe for her and her entire family. «I thank God for being able to always be by her side, I am left with a broken heart,» María wrote.

Space.com, the NASA is planning to incorporate helicopter-like drones into future Mars missions. These are expected to be "built with designs more robust than their predecessor — which has completed 66 flights, and counting". The NASA said a new rotor, that could be used with next-generation Mars helicopters, was tested at NASA’s Jet Propulsion Laboratory in Southern California on September 15 this year.

Nippon Industrial Fastener Corporation (NIFCO) Korea’s group company NIFCO South India Manufacturing, for setting up the company's new automotive plastic components manufacturing plant in the state at an investment of Rs 288 crore. The company plans to set up a factory in Gauribidanur to manufacture automotive plastic parts in Chikkaballapur district. It is expecting to hire about 400 employees, 65% of which will be women.

Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight on managers who have largely operated in their shadow. Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each other for more than six decades, the last 45 years as the Omaha, Nebraska-based conglomerate's chairman and vice chairman. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. They became vice chairmen in 2018, started taking a more prominent public role only at the most recent of Berkshire's annual meetings, and will have bigger boots to fill than at almost any other company. Managers have said Abel fully embraces Berkshire's culture, which includes an extreme decentralization that gives business units broad autonomy. That means big units such as the BNSF railroad and Geico car insurer, each with tens of thousands of employees, and small units such as Borsheims jewelry, with about 142 employees, can run without interference from Berkshire headquarters, which employs only about 26 people. But Abel and Jain have different styles from Buffett and Munger. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. «There is no question that the relationship Warren has with Charlie is unique and it's not going to be duplicated,» Jain said. «We don't interact with each other as often as Warren and Charlie do.

Gold steadied after hitting the highest since May, as comments from Federal Reserve officials bolstered bets that policymakers will start cutting interest rates next year.

Remembering Charlie Munger, Vallabh Bhanshali, Chairman, Enam Group, says “at Berkshire, they remained prepared all the time, irrespective of what happened. We saw in 2008, how prepared they were. When amongst the smartest companies in the world Goldman Sachs was in trouble, all they needed was to place a phone call to Munger and Buffett and then they discussed with Munger. And the next day they had a deal sheet with someone as smart as Goldman Sachs and how much money they made on Goldman Sachs! So they were always prepared. They waited for a simple idea. ” We have learnt a lot from you but you have always said that Charlie Munger has been one of your teachers. You have called him the modern Rishi. And that is how I think the world would like to remember him. Absolutely.

ICICI Bank on Wednesday said that it has received 'no objection' letters from the BSE and the National Stock Exchange for delisting shares of ICICI Securities. ICICI Securities is a subsidiary of ICICI Bank, wherein the latter holds around 75% stake in the former. In June, the private sector lender had proposed delisting shares of ICICI Securities following board approval for the draft scheme of arrangement. The delisting of shares of ICICI Securities will be done through a share swap, wherein public shareholders of the brokerage will be allotted 67 shares of ICICI Bank for every 100 shares held. Following the delisting, ICICI Securities will again become a 100% subsidiary of ICICI Bank. The decision to make ICICI Securities a wholly-owned subsidiary through delisting was to drive synergies between the two entities, ICICI Bank had earlier said. The bank did not intend to monetise its stake in the brokerage firm by taking it below 75%. ICICI Securities made its debut on the exchanges in April 2018. ICICI Bank had sold part of its stake in the brokerage firm in the IPO.

Narendra Modi, on Wednesday approved that the central government will provide free grains to eligible citizens under the public distribution scheme for another five years. The centre's intention to extend the PM Garib Kalyan Yojana was mentioned by Prime Minister Modi himself during his election rallies earlier this month. During an election rally in Durg on November 4, Chhattisgarh the Prime Minister had made the announcement of the decision to extend the free ration scheme.