Lowe's Financial News

₹250 crore and invested in about 20 startups including cold chain logistics firm Tan90 and fintech startups DigiSparsh and Credit Fair. Over the next couple of years, it hopes to make 20 more investments through the first fund. Co-founded by Ankit Kedia, who was previously the promoter and director at plastic packaging solutions Manjushree Technopack Ltd, Capital A invests in early-stage companies with cheque sizes running from $50,000 to $500,000, primarily in the fintech and climate-tech segments.

NEW DELHI : State-run Coal India Ltd and India’s largest hydropower company NHPC Ltd may join hands to explore the possibility of converting abandoned or closed mines into pump storage projects (PSP). A person aware of the development said the coal ministry under its plan to set up PSPs at “de-coaled areas", where all the coal has been mined, has directed Coal India to partner with NHPC and other related agencies.

Mint breaks down the salient features to help you decide whether you should get it. Niyo Global This is a travel card that is offered both as a debit and credit card. Do note that it is not a prepaid forex card.

The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE could deliver a final 25 bps hike, while the FOMC is seen holding policy unchanged. I think the cable could be heading towards the low 1.20s.

₹7,000 crore in its home and personal care (HPC) business, and ₹5,000 crore for its healthcare business. Furthermore, Dabur aims to drive double digit growth in the food and beverages (F&B) business. Its domestic business has three key verticals: HPC, healthcare, and F&B, which reported revenues of ₹3,845 crore, ₹2,581 crore and ₹1,724 crore (excluding contribution from Badshah Masala acquisition), respectively, in FY23.

Sidbi, the national development bank focused on refinancing loans to small businesses, Monday said it will offer 100 per cent financing to MSMEs’ green energy and other clean projects.

Bitcoin extended its rally from last week, rising above $27,000 for the first time since August. Other digital assets followed suit, with smaller tokens such as Solana, Litecoin and Bitcoin Cash rallying. The largest digital token had ended positive on Sunday for the first week in five, and increased as much as 3.7% to $27,418 on Monday. Solana gained around 6%, Litecoin rose 6.5% and Bitcoin Cash jumped 8%. The price increases come with the Federal Reserve expected to keep borrowing rates steady when policy makers meet this week. Higher rates tend to reduce the allure of higher risk assets such as cryptocurrencies. “After a prolonged struggle at the psychological support of $25,000, Bitcoin managed to hold steady. Range traders will now be looking to take profits just above $30,000,” said Mati Greenspan, chief executive officer of Quantum Economics. Some analysts are questioning how long this latest rally will last and as reported previously the level investors are watching on Bitcoin is $28,800.

By Ankika Biswas and Shristi Achar A

renewable energy. Saudi officials said the talks with Tesla, made by the Saudi Public Investment Fund, began this summer, and is at very early stage. The US EV maker is entertaining the conversation, but the company could still reject the proposal, the Saudi officials added.

In 2011, three years after opening an office in Hong Kong, the Canada Pension Plan fund invested in a fast-growing e-commerce company in the city of Hangzhou, China, that would have been unfamiliar to most Canadian pensioners at the time.

emerging markets (EMs), including India, experts believe. The public debt of the world's second-largest economy has been mounting, its property market is in deep distress, its exports are slowing and it has to deal with geopolitical issues too. China's economic outlook is bleak.

The majority of Bittrex US customers are leaving money behind by failing to claim their assets. 

The price of Ethereum (ETH) has stalled at $1,636 today, with the altcoin rising by only 0.3% in 24 hours and 1.5% in a week.

Instacart, the leading US online grocery delivery company, is gearing up for an initial public offering (IPO) that could value the business at up to $9.3 billion. Pricing (22 million shares at between $26 and $28  is expected be set tomorrow, Goldman Sachs are advising). This marks a substantial decline from its peak valuation of $39 billion during the height of the Covid-19 pandemic. Instacart is aiming to raise approximately $616 million through the IPO, positioning it as one of the most significant IPOs of the year, potentially signaling a rebound in the US IPO market which has choked recently. This has been the longest lull in listings since the 2009 financial crisis. The IPO pricing is seen as conservative due to the current uncertain market conditions. Instacart’s strategic shift towards focusing on grocery technology over delivery is a key aspect of its IPO strategy, leveraging the consumer data it has gathered to enhance its offerings to grocery stores.

Shares of Punjab National Bank(up 3.7 per cent), Bank of Baroda(up 3.1 per cent), State Bank of India(up 0.86 per cent) and IndusInd Bank Ltd.(up 0.47 per cent) ended the day as top gainers in the pack. On the other hand, HDFC Bank Ltd.(down 1.96 per cent), IDFC First Bank Ltd.(down 1.48 per cent), Federal Bank Ltd.(down 1.45 per cent), Bandhan Bank Ltd.(down 1.1 per cent) and Kotak Mahindra Bank Ltd.(down 0.85 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.54 per cent down at 45979.85. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

Reserve Bank of India in its monthly bulletin flagged about looming concerns around a likely slowdown in global growth in 2024 after after outperforming expectations in 2023 so far. As such, tighter financial conditions may continue to prevail, it said. «The global economy could slowly be approaching an inflection point beyond which things will change to local growth booms but production inefficiencies worldwide.

Shares of Tata Consultancy Services Ltd.(up 0.21 per cent) and HCL Technologies Ltd.(up 0.03 per cent) ended the day as top gainers in the pack. On the other hand, Persistent Systems Ltd.(down 2.12 per cent), Coforge Ltd.(down 1.31 per cent), Infosys Ltd.(down 1.3 per cent), L&T Technology Services Ltd.(down 1.28 per cent) and Wipro Ltd.(down 1.12 per cent) finished as the top losers of the day. The Nifty IT index closed 0.68 per cent down at 33129.5. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

Small-cap stock below ₹50: Adroit Infotech shares are one of those small-cap stocks that has delivered whopping return to its positional shareholders in last few months. The micro-cap stock with a market cap of around ₹60 crore has given sharp upside movement in last one month after rising from around ₹20.60 to ₹35.35 apiece levels, logging more than 40 per cent rise in this time. However, it seems that the small-cap stock under ₹50 has still some steam left in it.

Chandraprakash Padiyar, Senior Fund Manager, Tata MF, says “all parts of home improvement look quite attractive to us. Whereas it is more about company specific within the sector that you choose from for your portfolio. But if you look at the general growth trends for the overall sector, I would say that the next three-five years look quite interesting for the overall home improvement sector. Within our portfolio, we are more towards the plywood space and sanitaryware ceramics.”What are your thoughts on this valuation argument for the broader market versus the larger cap universe? The argument now coming out is that the larger cap universe is much more fairly valued and mid and smallcaps have run way ahead of fundamentals and hence the tilt should be towards the largecaps. Do you subscribe to this argument?On largecap versus mid and smallcaps, I also at this point in time, maybe for the next 12 months or so, belong to the same camp which says that there is reasonable valuation on the largecap side and a part of midcaps and small caps may have run beyond fundamentals for a short period of time.

Generative AI is poised to impact labour markets significantly while enhancing creativity and automating routine tasks for future jobs, a new study paper said on Monday. Releasing the white paper on how AI (artificial intelligence) will affect the jobs of tomorrow, the World Economic Forum said businesses and governments must take proactive steps to prepare for the effects of AI in the workforce, including creating an adaptable workforce and implementing systems that facilitate job transitions.

The Indian central bank is possibly selling dollars via public sector banks, with the rupee just shy of a record low, six traders told Reuters. The rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29.