Pool Financial News

Agriculture and Rural Development (Nabard) and Asian Development Bank (ADB) launched an initiative to facilitate climate action in India’s agriculture, natural resources, and rural development sector. Under this initiative, a Technical Support Unit has been set up in Nabard with the partnership of Bill and Melinda Gates Foundation to enable the agri lender to address the challenges posed by climate change, particularly in the areas of agriculture and rural livelihood sectors in India.

Inflation has given millions of people new access to certain investments earmarked for the wealthy — and consumer advocates argue that's not a good thing.

Sebi) has simplified the requirements for grant of accreditation to investors by releasing a circular that can be accessed here. For the unversed, Sebi — in August 2021 — released a circular on ‘Modalities for implementation of the framework for accredited investors’ which specified a framework for accreditation of investors by accreditation agencies. Based on the feedback received from various stakeholders to provide flexibility and facilitate ease of accreditation of investors, it was decided to simplify the requirements for grant of accreditation to investors.

Einstein and the Bomb" is set to premiere on Netflix on February 19, 2024. The historical docu-drama, directed by Anthony Philipson and produced by BBC Studios, delves into the life of Albert Einstein and his role in the development of the atomic bomb.

Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions.

Josh Hazlewood, who has been tipped to create ripples in auction room, will be available for IPL 2024 only from the first week of May, as per the BCCI intimation to the teams. Hazlewood, who played an integral role in Australia's recent ODI World Cup win, will be away in March and April as the pacer and his wife are expecting their first child. Hazlewood, who was released by the Royal Challengers Bangalore, has been bracketed in the top-of-the-line Rs 2 crore base price category in the player auction to be held in Dubai on Tuesday.

SaaS market has been experiencing remarkable expansion, with projections indicating a substantial rise from $237.48 billion in 2022 to $273.55 billion in 2023. The SaaS industry is expected to maintain this impressive trajectory, reaching an estimated $908.21 billion by 2030, boasting an 18.7% Compound Annual Growth Rate (CAGR). The Software as a Service (SaaS) sector in India is gearing up for an extraordinary phase of growth and innovation in 2024.

₹655.6 apiece, surpassing its previous record high of ₹650. The stock has experienced a notable uptrend this month, registering a gain of 15.45%, snapping a two-month declining trend. Nevertheless, looking at the yearly performance, the SBI stock has yielded a return of 6.33% in CY23 so far.

More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. 

MUMBAI : At the annual campus hiring ritual at the Indian Institutes of Technology (IITs) this year, the rather ubiquitous profile of product manager stood out but with a more evolved job definition. Software companies, consultancies, consumer firms and startups prowled premier engineering and business schools for potential product managers who can go beyond the traditional requirements of the role.

Grihum Housing Finance, formerly known as Poonawalla Housing Finance, has applied to the Insurance Regulatory and Development Authority of India for a corporate agency licence, which will help diversify product offerings and earn fee income. The company expects to receive the licence by March.

Smartworld Developers has announced the launch of its latest offering – ‘Smartworld The Edition’ – a high-end residential project in Sector 66 of the Golf Course Extension Road, Gurugram, and plans to invest Rs 3000 crore towards the development of the project. This marks their entrance into the upscale luxury real estate sector.

diversifying globally in investments provides advantages such as generating Alpha, hedging against currency fluctuations, and exploring diverse markets. “With only three Indian companies among the top 500 global market capitalizations and a 3% share in global GDP, Indian investors have access to a limited pool of global prospects.

The number of investors who qualify to purchase private securities has expanded substantially thanks to inflation and retirement savings, increasing the potential for investor harm, the SEC said in a report Friday.

On December 4, the Singapore government revealed its ambitious National AI Strategy 2.0, an evolution of its first AI strategy introduced in 2019. This updated strategy delineates a comprehensive roadmap for the next 3-5 years, aiming to position Singapore at the forefront of AI innovation and application.

Matthew Perry died from the acute effects of the anesthetic ketamine, according to the results of an autopsy on the 54-year-old “Friends” actor released Friday.

Building China-free supply chains is tough. Sometimes it means dealing with lizards that don’t have legs and sands that are radioactive. That is the case with making rare-earth magnets—a powerful piece of tech that is as crucial to jet fighters and wind turbines as it is to smartphones and electric cars.

global textile and apparel value chain, Union Minister Darshana Vikram Jardosh said on Thursday. The minister also noted that the global textiles and apparel trade has gone through various ups and downs in the last decade due to social and geographical factors. India has unique advantages due to raw material availability, huge labour pool, mature and well-established textile and apparel industry and strong domestic market, she said.

Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an escalation in attacks on merchant ships in the area. The decision, set out in a notice seen by Bloomberg, doesn’t mean Copenhagen-based Maersk Tankers ships will dodge the area — and by extension Egypt’s Suez Canal — but it gives the firm discretion to do so. Houthi militants, aligned with Iran, are attacking vessels with ties to Israel when they pass through the Red Sea, causing insurance costs to increase. Maersk’s notice opens the door to a practice — extending voyages by thousands of miles to sail around Africa — that could disrupt energy flows were it to be widely adopted in the market. Ships that detour would burn hundreds of tons more fuel and deliver their cargoes days later. Maersk Tankers is what’s known in the shipping industry as a pool operator, meaning it commercially manages tankers for numerous owners, listing a 131-strong fleet on its website. The firm is separate to A.P.

Bank of Nova Scotia plans to go after a larger share of customers’ wallets as it refocuses its business on North America, shifting capital away from operations in Latin America that have delivered poor returns.

Omidyar Network India is set to exit India after a decade of operations, as per a YourStory report. Backed by eBay founder Pierre Omidyar and Pam Omidyar, the India-specific entity, operating with a dual-chequebook investment model will cease new investments, focusing solely on closing follow-on rounds already committed, the report said. It has been decided that Omidyar Network India will cease new investments and fully withdraw from India by the end of 2024.