Racing Financial News

DMI Finance and Aditya Birla Finance are trying to scoop up fintech lending startup ZestMoney in a firesale, two people in the know of the matter told ET. The talks are still going on but the deal could get signed soon, they added.

Reliance Industries (RIL) will be among the world’s top 10 business conglomerates, chairman Mukesh Ambani said on Thursday. Ambani however, did not give a timeline for the same. “We are known for disrupting the market through constant innovation and reinvention. We have shown the courage to set the bar high and the ability to jump even higher to create new records,” Ambani said while addressing employees on Reliance Family Day, the birthday of group founder Dhirubhai Ambani.

NFOs. Fuelled by a generally optimistic market sentiment, mutual funds seized the opportunity to launch a variety of schemes designed to cater to a broad spectrum of investor preferences. Before the conclusion of this year, around 228 NFOs, spanning active and passive schemes in both equity and debt categories, including open-ended and close-ended schemes, have attracted investments exceeding ₹50,000 crores.

By Lisa Baertlein

Sports betting has spread rapidly across U.S. states in the past five years

Tata Motors expect record sales in 2024, and big cities are racing to adopt electric buses. Despite the subsidy row, India is expected to become one the world's largest EV markets. India’s biggest and increasingly most consequential neighbour, China will complete 75 years of rule by a one-party communist regime on 1 October.

Turkey’s president to do just that. At a recent conference, Mr Erdogan was in his element, taking swings at Israel for bombing northern Gaza into the ground, and at Western duplicity. “A journalist is killed each day," he said, referring to the 68 media workers killed in Gaza since the start of Israel’s bombing campaign.

The pros of a trailer is to get your attention in just two and a half minutes and grab the viewers attention. A badly edited trailer can also ruin the experience, misrepresent the movie and not sell the tickets. These days, fans devour trailers online, watching ads for anticipated new franchise entries by the millions within the first 24 hours they hit the internet. Earlier this month, an impressive ad for the upcoming “Grand Theft Auto 6” game set new highs on YouTube.

AI pioneer Blake Lemoine has warned that Artificial Intelligence may start a war and it could be used in assassination. He is the software engineer who was sacked by the company after he claimed that Google's LaMDA system was capable of having feelings. Google rejected this and fired the software engineer. He has expressed apprehension that the tools other AI makers are creating may be used wrongfully in warfare. Talking to 'The Washington Times', he said, «Using the AI to solve political problems by sending a bullet into the opposition will become seductive, especially if it’s accurate.» He also said, «If you can kill one revolutionary thought leader and prevent a civil war while your hands are clean, you prevented a war. But that leads to ‘Minority Report’ and we don’t want to live in that world.»

Umar Johnson, known for his controversial views on race and online rants, argued on Joe Budden's podcast that Eminem shouldn't be considered the greatest rapper due to his white skin. This discussion is gaining attention in hip-hop circles. Umar argues that allowing white people, like Eminem, to engage in Black culture, specifically hip-hop, is unfair to African-Americans and lacks reciprocity.

Boxing Day, shrouded in historical curiosities and evolving traditions, transcends its origins to become a globally observed occasion. Despite its name's misleading connotation, this holiday, rooted in Victorian England, reflects generosity, maritime rituals, and diverse cultural adaptations. Exploring its multifaceted nature unveils a tapestry of traditions, global resonance, and the commercial metamorphosis that characterizes contemporary celebrations. 1. What is the origin of Boxing Day?

₹125- ₹130 crore in the past year. This trend has led to reduced opportunities for low-budget films or those with lacklustre box office performances. While investments in original content haven't yielded expected returns, these big-budget films offer the advantage of pre-approved censor board ratings, minimizing risk.

Lupin, Zydus, and Sun Pharma are reportedly in the process of developing anti-obesity drugs. The “AI spring" got all the more exciting in 2023 as OpenAI's ChatGPT became a household name. There’s no stopping this fast-accelerating boom in 2024.

ride-hailing apps have mushroomed in India in segments such as cabs, autorickshaw and bike taxis. The emergence of these apps and tackling the competition have become a matter of routine management discussions within incumbent operators Uber and Ola, said people in the know. New apps such as InDrive, Namma Yatri, Yaary, BluSmart and Rapido (in the cabs segment) are primarily looking to address gaps left by the larger players in terms of customer service and driver-partner satisfaction, these people said. Meanwhile, Uber and Ola have also moved to solve some of those service problems, like driver cancellations and supply retention.

Sonam Wangchuk on Saturday asserted that climate change poses a greater threat to the human race than world wars. He underlined the role of tribal communities in protecting the environment and urged the residents of modern cities to learn the sustainable way of living from the people who live in harmony with the nature.

Supreme Court delivered a melange of seminal verdicts in 2023 including those that upheld the Centre's decisions to scrap Article 370, which bestowed special status on Jammu and Kashmir, demonetisation of Rs 1,000 and Rs 500 currency notes, and refused to accord legal recognition to same-sex marriages. Under Chief Justice of India D Y Chandrachud, the top court created a record by disposing of an unprecedented 52,191 cases between January 1 and December 15, 2023. It had disposed of nearly 40,000 cases the previous year. Though the Modi government received an emphatic endorsement from the Supreme Court for its decisions nullifying Article 370 and binning Rs 1000 and Rs 500 notes, it was at the receiving end of apex court order that held the Delhi government had legislative and executive control over services in the national capital except for public order, police and land. A five-judge bench of the Supreme Court (SC) unanimously ruled that the appointment of the Chief Election Commissioner and Election Commissioners shall be made by the President on the advice of a committee consisting of the prime minister, the leader of the opposition in the Lok Sabha and the Chief Justice of India. However, these led to the framing of a new law on the appointment of CEC and ECs and amendments to the Government of National Capital Territory of Delhi (GNCTD) Act by the Centre.

wealth management race for leveraging the maximum out of UHNIs/family offices' investments, the entity that often loses the most is the investor. To understand this misaligned thesis better and identify the path towards a more investor-aligned process, it is imperative to observe the entire ecosystem and study its evolution over time. India, a developing economy, has only recently started witnessing a splurge in the population of the wealthy, and thus, the industry that manages this population’s wealth is also at its very nascent stage, hardly 30 years old. This implies that the value chain of wealth management is still far from reaching its most efficient state.

(Reuters) -British billionaire Jim Ratcliffe struck a long awaited deal on Sunday to buy a 25% stake in Manchester United (NYSE:MANU) and pledged to invest $300 million in the English Premier League soccer club to try to revive its fortunes.

Himachal Pradesh helped give much-needed confidence to take on the Bhartiya Janata Party. In the second month of this year, the Congress lost three north-eastern states- Tripura, Meghalaya and Nagaland.

The list of sports teams seeking new or improved stadiums is getting longer and longer

Proposals for new and improved sports stadiums are proliferating across the U.S. and could come with a hefty price tag for taxpayers