Innovations Financial News

Sunil Singhania, Founder,Abakkus Asset, and Bharat Shah, Executive Director, ASK Group, in conversation with Nikunj Dalmia of ET Now on the occasion of Prabhudas Lilladher 80th Anniversary. Singhania says the wealth and asset management business is still minuscule and this is a business where at least 25% growth is visible for the next 10-20 years. And 25% growth over 10 years is 10x and if it lasts for 20 years it is 100x. It is a good business as one does not need capital and only needs intellectual capital. There is 100% cash conversion. He says asset management and wealth management companies are going to be some of the biggest wealth creators. What is the next big theme, idea or trend you are betting on? I respect your compliance, we will not talk stocks. But give us where you think there is scope for earnings upgrade, PE upgrade, and where the macros are going to be favourable?

RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the central bank said in its report on currency and finance.

Arkadios Capital continues its expansion with the addition of two significant advisory teams. Stewardship Wealth Management, based in Texas, has transitioned $325 million in assets to Arkadios, following Gulf Coast Wealth Management’s $850 million shift in June.

“Move fast and break things,” a high-tech mantra popularized 20 years ago by Facebook founder Mark Zuckerberg, was supposed to be a rallying cry for game-changing innovation

July 29th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, proudly announces the launch of HedgeSmart Strategies-USDT , a cutting-edge Quant Fund product designed to deliver an annualized yield of 10% to 20%. In addition, Gate.io is offering a 30-day principal protection guarantee for first-time subscribers, ensuring a secure investment experience.

CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.Recognised for its global leadership, DBS has been named “World’s Best Bank" by Global Finance, “World’s Best Bank" by Euromoney, and “Global Bank of the Year" by The Banker.

AWS) has launched a two-week pop-up, GenAI Loft, aimed at fostering innovation and community in the evolving landscape of generative artificial intelligence technology in Bengaluru on July 29. The loft is open to visitors till August 9.

SAP Labs India Monday announced two global AI roles to be based at its Bengaluru hub.

patient assistance programme (PAP), which is designed to provide free access to drugs which are otherwise expensive, should be kept outside the scope of trade margin rationalisation (TMR).

Regulations can provide a clear environment for crypto trading and investments. Crypto exchanges and traders would know the legal provisions guiding their activities. They would know what is legal and permitted. They would also know what is unlawful and prohibited. Regulations make businesses progress with confidence. In contrast, lack of regulations can make a crypto exchange and its participants such as traders and investors function in relative uncertainty. It is a situation when traders and investors can’t make confident decisions. Nor can crypto exchanges come up with innovative products without a fear of being on the wrong side of the law.

technology, India has a unique human capital advantage to harness artificial intelligence for significant economic and societal benefits. Empowering people with AI skills will be a foundational step in India becoming an AI-first nation.

pharma major Dr. Reddy's Laboratories on Saturday announced that its June quarter profit after tax fell 0.8% year-on-year (YoY) to Rs 1,392 crore while revenue jumped 13.9% to Rs 7,673 crore. While announcing the quarterly numbers, the company's board also approved split of equity shares in the ratio of 1:5, which means that 1 existing share will split into 5.

Discover the leading companies in India to watch in 2024, distinguished by their innovation, leadership, and commitment to excellence. These admired organizations are setting new benchmarks across various industries, showcasing remarkable growth and resilience. With their forward-thinking strategies and dedication to quality, they are not only achieving significant milestones but also inspiring others in the business world. As we enter the new year, keep an eye on these influential companies that are poised to make a substantial impact and continue shaping India's economic landscape.

The Covalent Network is thrilled to announce the listing of its token, CXT, on several major centralized exchanges. This strategic move significantly enhances the liquidity and accessibility of CXT, marking a pivotal step in the network’s mission to provide robust, decentralized modular data infrastructure tailored for AI and secure, Long-Term Data Availability.

New Delhi: The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar.

Neelam Kothari Soni to establish LINK BNK for luxury residential projects and our recently launched entity K-BNK with Kshitij Limaye that expands into workspace & commercial design.By harnessing Dubai's dynamism, we aim to craft spaces that not only reflect the city's essence but also redefine design innovation on a global scale.Our vision for contributing to the design ecosystem in the GCC is rooted in our commitment to excellence and innovation. As we embark on this new chapter, we anticipate various challenges, including navigating cultural nuances, addressing climate considerations, and adapting to regulatory frameworks.

₹1,436 apiece on Thursday, backed by the robust June quarter (Q1FY25) earnings performance. A key highlight was its Ebitda margin which surged to a 23-quarter high of 19.5%. Ebitda, which stands for earnings before interest, tax, depreciation, and amortization, is a key profitability measure for companies.

Parliament security drill, journalists aren't allowed to carry a second pen to the press galleries of the Houses. The bottomline is one pen in pocket is safe, but a second one is a security risk and must be deposited in locker. Asked about the logic, the prompt reply was: «That is the protocol we have been asked to follow.» Going live on law and order Andhra CM N Chandrababu Naidu found an innovative way to drive home the point that the previous YSRCP government targeted TDP cadres. While presenting the white paper on law and order in the assembly, Naidu asked MLAs who faced cases during the YSRCP regime to stand up. Almost all TDP MLAs stood up, making it an impactful visual on live TV.

budget's rubric comprised four stakeholders: the poor, women, youth, and farmers. What drew immediate attention was reiteration of the interim budget's announcement of MSP for farmers of a 50% margin over the cost of production. This was assured by the previous FM, but didn't see the light of day. The renewed assurance will be watched closely. Women, youth and the poor have been assured many benefits, for which disbursements will be the real test.

Following an initial pause to review and address critical trends in the industry, crypto and meme enthusiasts are now setting the stage for an elevated meme experience with MemeLife as the project prepares to launch the ultimate hub poised to change the game for meme token launches in crypto. The MemeLife new product promises a suite of helpful and innovative features that answer the long-standing questions of degens left in the uncertainty of a Las Vegas akin experience in crypto.