Rights Financial News

MUMBAI : The Securities and Exchange Board of India's (Sebi's) series of initiatives, such as quicker transaction settlements and shorter listing timelines for public issues, have enhanced transparency and will aid greater participation in the capital markets, say experts. Regulatory reforms and innovations have brought investors an annual benefit of ₹900 crore, and the full adoption of certain other initiatives could potentially add ₹3,000 crore more through freed-up capital, according to a 30 July report by NSE Data and Analytics, a unit of National Stock Exchange of India Ltd. The Indian Capital Markets: Transformative shifts achieved through technology and reforms report highlighted the substantial growth of Indian capital markets, which have outpaced the global average in market capitalization.

Waqf Board Act, Chief Priest of Shri Ram Janmabhoomi Temple, Ayodhya, Acharya Satyendra Das Ji Maharaj welcomed the proposed amendments by the government. He said, «This is a good step; the female has no share in the Waqf board's property as no female member is a part of the Waqf board, now females will have their share in the properties of Waqf board. He said, „How is a property owned by the Waqf board? On what basis did the Waqf board own this property, and what is the monetary value of the Waqf board's property? The Waqf board properties will be reviewed. The land under the Waqf board in different regions will be checked.“

Sandip Sabharwal, asksandipsabharwal.com, says FMCG, auto, and consumer durable companies are very well-placed because they are at the cusp of demand recovery. The input cost pressures are lower. They do not have pressure to reduce prices at this stage and as we go into the festival season, demand will be strong. So, they are well-placed and those should be the sectors that should be looked at, at the time of corrections. In the consolidation or pause that we have seen in the few odd days in the last fall, pharma has been a lot more resilient, and rightly so. Some of the earnings have managed to impress. Will the pharma recovery also get undone or do you think that is a good hiding space? Sandip Sabharwal: In terms of a defensive sector, pharma is well-placed today. It is an under-owned sector. Companies’ result delivery has been strong relatively, like there have been few companies which have not delivered, but on the whole delivery has been pretty strong.

₹25 trillion. And Buffett isn't just sitting on it; he's earning significant interest income from US government bonds. As the Oracle of Omaha sits on this colossal pile of cash, the financial world is abuzz with speculation.

«I think it is really telling you, number one, there is a risk of a recession. I think it is premature to say that, but nevertheless there is a risk of a recession and in response to that risk, the Federal Reserve will reduce interest rates three times in 2024 and let us not forget there is the expectation that after reducing interest rates three times in 2024, the expectation is they will reduce interest rates four times in 2025 or one time each quarter,» says Hugh Johnson, Hugh Johnson Economics. What has changed so suddenly that the markets are now worried about growth, crisis, yen carry trade, just about everything has come together? Hugh Johnson: Well, I think, there always has to be some news of some sort that sort of touches off the correction and I think quite frankly the market had been a good market for a long time and it reached levels were a little bit pricier or overvalued, which made them very vulnerable to some bad news.

Edited excerpts: Across our four business segments that are India multichannel, overseas business, Globalbees (brand aggregator) and preschools, it’s a $120 billion opportunity we are chasing. So having such a large market, there will be growth levers, and which we'll talk about separately, I'll just restrict myself to profitability right now. So, on profitability, India multichannel we grew our adjusted Ebitda profitability in FY22, we were at 5.9%, we made it to 6.2% in FY23, and now, FY24, we are at 8.8%.

United Nations' human rights chief Volker Turk said Sunday the «shocking violence» in Bangladesh must end, as he urged the government to stop targeting peaceful protesters. Hundreds of thousands of Bangladeshi protesters demanding the resignation of Prime Minister Sheikh Hasina clashed with government supporters Sunday, with scores killed in one of the deadliest days since demonstrations began. «The shocking violence in Bangladesh must stop,» Turk said in a statement.

Police forces across the UK have made at least 100 arrests as violent clashes and unrest involving anti-immigration far-right groups continued to spread over the weekend, with Prime Minister Keir Starmer offering his full support to officers to take firm action against the «extremists». Bricks being hurled, fireworks thrown, windows of a hotel housing asylum seekers smashed, shops attacked and set on fire and several scuffles breaking out between mobs and the police were among the scenes of confrontation that played out in Liverpool, Hull, Bristol, Leeds, Blackpool, Stoke-on-Trent, Belfast, Nottingham and Manchester on Saturday. UK Home Secretary Yvette Cooper warned the mobs they will «pay the price» for such «criminal disorder and violent thuggery». «Addressing the scenes of disorder we have seen, the Prime Minister set out that the police have our full support to take action against extremists on our streets who are attacking police officers, disrupting local businesses and attempting to sow hate by intimidating communities,» Downing Street said after a high-level meeting of ministers convened by Starmer on Saturday.

Since last week, Algerian boxer Imane Khelif has been at the centre of a ‘gender row’. Khelif has had to face accusations that include her of ‘not being a woman’. Amit Chaudhary spoke with UK-based athlete rights advocate & executive director, Humans of Sport, Payoshni Mitra, who has been at the forefront of the fight against sex testing policies in sports to declutter the mess surrounding the issue. Excerpts: Your immediate thoughts when you heard about Khelif? My first reaction was, ‘Not again’. See, it's not about gender. There was no proper test. Everything is speculation. Sometimes misinformation is being shared by people in powerful positions. We really need to question all of that and see where this information is coming from, what’s fuelling this controversy? Is there any real basis to it? And with this one as well, there wasn't any complete medical assessment there.

Man’s Search for Meaning (published in German in 1946, followed by an English translation in 1959), has long occupied a peculiar niche in the publishing industry. Part memoir, part moral philosophy and part psycho-social treatise, you are most likely to find the book in the all-encompassing self-help section, right next to the Dale Carnegies and the Steven Coveys of the world. And in a sense, Man’s Searchis indeed an amalgamation of all the above genres.

Pinarayi Vijayan announced that a township will be built to rehabilitate those displaced by the landslides in this north Kerala district, state Industries Minister P Rajeev on Sunday said a model project will be prepared for it and appealed to all sectors to join hands to achieve this goal. Speaking at a meeting of plantation owners and representatives at the Wayanad collectorate, Rajeev said the government aims to set up a safe township project with everyone's support. The minister said the rehabilitation project will be implemented through the government's distress relief fund.

BSP chief and former Uttar Pradesh chief minister Mayawati on Sunday said her party doesn't agree with the recent Supreme Court's verdict allowing sub-classification within Scheduled Castes. «The sub-classification of people within Scheduled Castes (SCs) and Scheduled Tribes (STs) has been permitted, our party doesn't agree with it at all,» Mayawati said while addressing a press conference here.

protesters calling for Prime Minister Sheikh Hasina to resign. The unrest, which spurred the government to shut down internet services, is its biggest test since deadly protests when Hasina won a fourth straight term in January elections boycotted by the main opposition Bangladesh Nationalist Party. Critics of Hasina, along with human rights groups, have accused her government of using excessive force to stamp out the movement, a charge she and her ministers deny.

Carolina Marin withdrew in tears from her badminton semi-final on Sunday after her right knee buckled in distressing scenes. Marin, who won women's singles gold at the Rio 2016 Games, was on track to reach the final but collapsed midway through the second game against China's He Bingjiao. Coaches and He rushed to her side as she lay on the ground for several minutes, clutching her leg.

Jamsetji Tata, the founder of the Tata Group, made a strategic choice in the 1890s to shut down the Tata Shipping Line, demonstrating his willingness to exit from unviable ventures. This tough decision was driven by his effort to break the monopoly of the English P.&O. shipping line that dominated exports from India during the 1880s and 1890s, charging high freight rates and favoring British and Jewish firms. Jamsetji Tata's textile business suffered due to P.&O.'s exorbitant freight rates and discriminatory practices. Determined to challenge this, he traveled to Japan to collaborate with Nippon Yusen Kaisha (NYK), the largest shipping line in Japan. NYK agreed to partner with Jamsetji, provided he took equal risks and managed the ships himself. To launch the 'Tata Line,' he chartered an English ship named 'Annie Barrow' at a fixed rate of 1,050 pounds per month, marking the first venture bearing the Tata name. Believing the Tata Line would lower freight rates for the entire Indian textile industry, Jamsetji set the rates at Rs 12 per tonne, compared to P.&O.'s Rs 19 per tonne. Soon after, he chartered a second ship, 'Lindisfarne.' His efforts received praise, with The Tribune newspaper commenting in October 1894 that it had «been the subject of general praise in the industrial centre of India.»

record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates. IOC, the nation's largest oil firm, reported 81 per cent drop in standalone net profit in April-June — the first quarter of current 2024-25 fiscal year — to Rs 2,643.18 crore as opposed to a profit of Rs 13,750.44 crore a year back, according to a company filing. Net profit also declined sequentially, when compared to an earning of Rs 11,570.82 crore in March quarter. Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

Technology (MIT) published a path-breaking initiative titled ‘Management in the Nineties’, in which it suggested that the evolution of technology through phases of localised exploitation and internal integration would suddenly encounter a revolution in the form of business process reengineering, business network redesign, and finally, business scope redefinition. Today, well into the 21st century, all leaders and managers are willing to take the recursive relationship between IT and business strategy for granted, and only a corporate dinosaur would still lack awareness about digital technologies. If one were to mount a similar research today, the focus would surely be on data, analytics, artificial intelligence, machine learning and the impact these have on business processes. Managerial responses would have to be calibrated based on the level of maturity the firm has attained in data capture, ingestion, storage and dissemination, and the comfort it has in taking managerial decisions based on predictive and prescriptive analytics.

Barack Obama has been making headlines right after the time Joe Biden resigned as the Democratic Party candidate from the US Presidential Election race. Soon after, VP Kamala Harris assumed the role of the Democrat candidate, as Obama, already having served two terms as the President, would not have been Constitutionally able to take up the responsibility.

The event, which was meant to welcome the prisoners released by Russia, quickly went viral on social media. Many observers called for the invocation of the 25th Amendment. One comment read, «Where is Joe Biden going? The passengers on this plane have already disembarked.» Here's the video.

South Korea called it quits? Rumours of pop diva IU and her actor boyfriend Lee Jong Suk heading for Splitsvilla spread like wildfire after a post speculated that the pair had parted ways. The speculation was largely fuelled by the fact that both the ‘Pinocchio’ star and the ‘Good Day’ hitmaker had not appeared together in public for a long while. Despite the post suggesting that whispers of a potential breakup had been circulating, fans remain confident that the couple is «still going strong.» The Pinocchio star and the Korean soloist have been publicly dating for almost a year.

Manu Bhaker on Saturday said she was a bit nervous during the 25m sports pistol final as she finished fourth to miss out on an unprecedented third individual medal at the Olympics here on Saturday. «I got like really nervous about it, but again, I was trying my best to keep calm and to just try to do my best. But that was not enough,» Manu said after the event. The 22-year-old had earlier bagged two bronze medals, in women's 10m air pistol and 10m air pistol mixed team event partnering Sarabjot Singh.