Reports Financial News

Generation X (35-50 years old) is expected to be at the helm of fintech companies and there is a consensus that bank-fintech partnerships are the future, according to a survey conducted by BFSI focused CXO search firm Venator Search Partners. Even globally, Generation X accounts for 51% of leadership roles. While they are expected to dominate the leadership positions in the digital organisations, millennials are also gradually occupying leadership roles and represent the largest percentage of the workforce, several of them are climbing the leadership ladder faster than any other generation. A bird’s eye view of the fintech space reveals that a big majority of the fintechs were founded over the last 5-7 years. Most of the founders of these companies are Gen X or millennials. Therefore, considering the age of the founders and the scale-up potential of these startups, there is an emerging vacuum in terms of mentorship, the report said.

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday.

Emily in Paris comes to an unexpected conclusion, leaving viewers with more questions than answers. Part 2 of the season picks up with multiple twists as Emily (Lily Collins) and Gabriel's (Lucas Bravo) newfound relationship falls apart as quickly as it began. Set against the stunning backdrop of Rome, the storyline takes unexpected turns, creating a mix of romantic drama and professional triumph for Emily, as mentioned in a Collider report.

WABetaInfo, is expected to include multiple voice options for Meta AI. While the feature is currently not available to beta testers on Android, the tracker’s report reveals that users will soon have access to a range of voices, including those of well-known personalities.Screenshots from the beta version suggest that the Meta AI voice feature will offer a variety of voices with different pitches, tonalities, and accents, providing a customized interaction experience.

Apple recently introduced its latest iPhone 16 series, which includes the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. With pre-orders starting on September 13 and sales officially kicking off on September 20, the new lineup has already generated buzz. Alongside the announcement of the iPhone 16 series, Apple has slashed the prices of some of its older models, including the iPhone 15, iPhone 15 Plus, iPhone 14, and iPhone 14 Plus, by Rs 10,000. However, Apple has discontinued selling the iPhone 15 Pro and iPhone 15 Pro Max on its official website, although these models are still available through third-party retailers and Apple-authorised sellers. Read More: iPhone 16 Re-booking: check step by step process to pre book your next iPhone

dollar fell to its lowest level this year against the Japanese yen on Friday after media reports reignited the debate about an outsized Federal Reserve rate cut next week. The U.S. currency fell more than 0.8% to 140.645 yen, the lowest since late December, and last traded 0.7% lower at 140.8. The euro, pound and Swiss franc made gains against the dollar.

food safety, a new report has revealed one dozen of 36 cinnamon products contain elevated levels of lead. The study, by Consumer Reports, documented levels that were far lower than the amounts discovered last year. The team who revealed alarming details showed 12 items sold at discount stores and ethnic markets contain lead levels reaching 3.5 parts per million. New York, the only state with strict lead standards for spices, has issued a recall for various spices, including curry powder, chili powder, cumin, and five-spice powder, if they contain more than 1 part per million of lead. Consumer Reports recommends discarding any spices that meet or exceed this threshold. Just a quarter teaspoon of any of those products has more lead than you should consume in an entire day, says James Rogers, PhD, the director of food safety research and testing at CR. “If you have one of those products, we think you should throw it away,” he added further.

Lupin Ltd. gained 0.45 per cent to Rs 2257.0 in Friday's trade as of 11:46AM (IST). The stock hit a high price of Rs 2277.3 and low of Rs 2257.0 during the session.

OnePlus 13 could be an attempt to coincide with the launch of the Qualcomm Snapdragon 8 Gen 4 chipset in the same month. While there isn't much clarity on the matter, some reports suggest that the OnePlus 13 could be among the first phones to be powered by Qualcomm's latest processor.Now, a recent post by tipster Fonearena has revealed that OnePlus 13 with the model number PJZ110 was recently spotted on the Geekbench listing with the yet-to-be-released Snapdragon 8 Gen 4 chipset and had even better scores compared to the A18 Pro chipset on the recently launched Apple iPhone 16 Pro series.According to reports, the OnePlus 13 received a single-core score of 3216 and a multi-core score of 10051 on Geekbench.

Tata Consultancy Services (TCS) employees received income tax notices due to a mismatch between the TDS credit in their Form 26AS, Annual Information Statement (AIS) and the amount they claimed while filing their income tax return (ITR). In the case of TCS employees, the company has proactively tried to resolve the tax issues faced by their employees. TCS has communicated to its employees that the tax authorities would be reprocessing their ITRs after which the problem of mismatch of TDS credit would be resolved. It may happen that you are facing such a scenario where you have also received a tax demand notice from the income tax department due to a mismatch in the TDS amount shown in Form 26AS, AIS, and Part A of Form 16. Here is what you can do if you have got the tax demand notice from the tax department due to mismatch of TDS with Form 26AS and AIS.

Tejasvi Surya slammed Congress leader Rahul Gandhi over his remarks and meetings during his visit to the United States and said that he would not be surprised if he held meetings with terrorists someday. Addressing a press conference on Friday, the BJP MP from South Bengaluru said that the comments made by the Lok Sabha LoP over the removal of reservations were quite damaging. He further criticised Gandhi for meetings with "anti-India" elements like Ilhar Omar and alleged that the Leader of the Opposition in the Lok Sabha was holding meetings with Khalistan, Pakistan, China, and Bangladesh agents.

Uttar Pradesh, once called a bimaru (sick) state with low industrialisation, is on its way to become a boom state. As it strives to become an electronics hub, the state will now get a semiconductor plant too. The joint venture between Taiwan’s Foxconn and IT services major HCL Group has been allotted around thirty acres of land, near the upcoming Jewar airport in Uttar Pradesh’s Noida, to set up a semiconductor outsourced assembly and testing (OSAT) unit, said Et has reported based on information from sources. Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, the government said in a statement in July. Among several proposals, it has so far considered Hiranandani group’s Tarq Semiconductor plant. In fact, Uttar Pradesh has emerged as the only north Indian state actively vying for high-tech industrial projects which has traditionally been the mainstay of south Indian states. Uttar Pradesh has followed states Karnataka, Tamil Nadu and Gujarat to have a dedicated semiconductor policy.

Subscribe to enjoy similar stories. The High Seas: Greed, Power and the Battle for the Unclaimed Ocean. By Olive Heffernan.

Subscribe to enjoy similar stories. India is now the second most targeted nation in the Asia Pacific (APAC) by cybercriminals.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Nifty50 reached an all-time high level of 25,400 for the first time on Thursday, many investors are now looking for a strategy they should follow for their investments. An investor should embrace a long term horizon and should diversify across time. Also, one should avoid euphoric entry points and stay invested through the downturns, according to a study by Capitalmind Financial Services. The report also highlights that index funds look appealing after Nifty’s consistent long-term returns. According to the study an investor should:

Max Healthcare on Friday announced the acquisition of a 64 per cent stake in the Jaypee Healthcare, the company informed the exchange in a filing on Friday. The company also proposed to acquire the remaining stake of around 36 per cent through option agreement. «The Company, as strategic partner under the aforesaid arrangement, shall enter into an agreement to acquire around 64 per cent equity stake of JHL within 30 days of NCLAT order. The company proposes to enter into option agreement for the acquisition of the remaining around 36 per cent equity stake,» said Max healthcare.

Max Healthcare Institute Ltd. traded 0.44 per cent up at Rs 916.65 at around 01:58PM (IST) on Friday. The stock had closed at Rs 912.6 in the previous session. Equity benchmark Sensex traded 33.43 points lower at 82929.28 around the same time.

Bigg Boss 18 is reaching new heights as fans gear up for yet another thrilling season of the popular reality TV show. Hosted by Salman Khan, who has become synonymous with the show, this season is promising to be a unique experience with several surprises in store, including a rumored «Past, Present, and Future» theme. Though official details remain under wraps, the leaked information and speculation are enough to keep fans buzzing.

LTIMindtree Ltd. gained 0.48 per cent to Rs 6423.1 in Friday's session as of 01:38PM (IST) even as the equity benchmark Sensex traded 88.8 points lower at 82873.91. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4518.35 on NSE. Around 4630 shares changed hands on the counter till 01:38PM (IST).