Rights Financial News

₹116 crore, will be implemented through the regulated tariff mechanism (RTM) mode, with a tentative implementation timeframe of 18 months. Likewise, Adani Energy Solutions Ltd's Jam Khambhaliya Transco Ltd and WRSS XXI A Transco Ltd have received approval for increasing transmission capacities at the Jam Khambhaliya pooling station in Gujarat, and the Lakadia substation under the Western Region Strengthening Scheme, respectively. The expected costs for the projects are ₹110 crore and ₹142 crore, respectively.

The AI chip battle that Nvidia has dominated is already shifting to a new front—one that will be much larger but also more competitive. Nvidia built itself into a $2 trillion company by supplying the chips essential for the incredibly complicated work of training artificial-intelligence models. As the industry rapidly evolves, the bigger opportunity will be selling chips that make those models run after they are trained, churning out text and images for the fast-growing population of companies and people actually using generative AI tools.

Maratha quota activist Manoj Jarange on Sunday said he would march to Mumbai and protest outside the residence of Maharashtra Deputy Chief Minister Devendra Fadnavis who he accused of trying to kill him. The announcement, made at the end of a speech of more than one hour in Antarwali Sarati in Jalna in which Jarange made several allegations against Fadnavis, took his supporters by surprise. Asked about Jarange's statements later, Fadnavis just said «I did not hear what he spoke». «Some people are being lured and pressured to make false allegations against me. Fadnavis is behind these conspiracies. He wants to kill me. I am ready to march to Sagar bungalow (Fadnavis' official residence in Mumbai's Malabar Hill) right away,» Jarange said.

Ritchie Brothers Auctioneers (RBA) has delivered a robust financial performance in the fourth quarter, with a 13% increase in gross transaction value (GTV) on a pro forma combined basis. The company's focus on operational excellence and driving efficiencies has resulted in significant cost synergies following the integration of IAA.

Noble Corporation (NE), a leader in offshore drilling, has reported a strong finish to the year in its fourth-quarter earnings call. The company announced an adjusted EBITDA of $201 million for the quarter and generated $165 million in free cash flow.

Your web browser is the portal through which you shop, check email, draft work memos, watch videos and more. You spend most of your computer time in it, yet you probably aren’t using it to its full potential. Artificial-intelligence enhancements can prevent tab overload and help you draft messages.

BENGALURU : Artificial intelligence and generative AI, or GenAI, will inevitably disrupt existing roles, but that will also mean the emergence of new roles. McKinsey & Co.’s research, in fact, predicts that tech jobs will grow by 14% across all industries by 2032. For CEOs and other senior corporate leaders, that would mean thinking about the future of work with technology as a core element of everything they do, says Jacky Wright, McKinsey’s first-ever chief technology and platform officer.

Indian stock market sentiment upbeat but investors need to be cautious, says Divam Sharma of Green Portfolio, PMS In August 2023, the Competition Commission of India (CCI), the antitrust regulatory body, approved the acquisition of a 90 percent equity holding in HDFC Credila by a private equity consortium consisting of BPEA EQT and ChrysCapital. On June 20 last year, HDFC Ltd disclosed to the exchanges that it had entered into definitive agreements for the potential sale of a 90 percent share in HDFC Credila to a consortium of private equity firms for approximately ₹9,060 crore.

Shahpur Kandi barrage has effectively ceased the flow of water from the Ravi river into Pakistan, according to a report. Located on the Punjab-Jammu and Kashmir border, this development signifies a significant shift in water allocation, with the Jammu and Kashmir region now set to benefit from the 1150 cusecs of water previously destined for Pakistan. The diverted water will serve irrigation purposes, providing a boon to over 32,000 hectares of land in the Kathua and Samba districts. Despite facing numerous challenges over the past three decades, the Shahpur Kandi barrage project, essential for irrigation and hydropower generation, is on the brink of completion. Under the 1960 Indus Water Treaty between India and Pakistan, India possesses exclusive rights over the waters of the Ravi, Sutlej, and Beas rivers, while Pakistan controls the Indus, Jhelum, and Chenab rivers. The successful implementation of the Shahpur Kandi barrage empowers India to maximize the utilization of the Ravi river's waters, redirecting previously allocated resources from the old Lakhanpur dam towards Jammu and Kashmir and Punjab.

Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank's rights issue's ex-date is fixed this week. On Monday, 26th February, Fineotex Chemical (Rs 1.2/share), Gateway Distriparks (Rs 0.75/share), Natco Pharma (Rs 1.25/share), Suprajit Engineering (Rs 1.1/share), and Vibrant Global Capital (Rs 1.25/share) will trade ex-dividend. While NMDC (Rs 5.75/share) will trade ex-dividend on Tuesday, 27th February.

consultation paper by Securities & Exchange Board of India (SEBI) points out that 70% of the demat accounts with a single holder have opted out of appointing a nominee. This observation from the Sebi has triggered a discussion about the importance of nomination in an investment. Let us understand why nomination in investments is important and how it can be done wisely: The Sebi has been vocal about investors appointing a nominee to their investments or to clearly ‘opt out’ of the nomination if they are not keen to nominate anyone. In the past, the Sebi has stated that failing to mention a choice would lead to freezing of investments held in mutual fund folios as well as demat accounts. Deadline set for this exercise has already been extended three times and the revised deadline now is: June 30, 2024.

The Arizona Diamondbacks announced on Thursday that their games will be produced by Major League Baseball for a second straight season, as sports leagues across the U.S. adjust to the decline of regional cable networks

A judge has dismissed a lawsuit filed by North Dakota's largest city that challenged a new state law that limits the ability of local governments to regulate guns and ammunition

MILAN — The fashion crowd traversed Milan countless times on the third day of fashion week Friday, defying rain, traffic tie-ups and a local transport strike all in the name of the next big trend. By late afternoon, shows were running a full hour late as the fleet of black sedans, shuttles and taxis couldn’t keep up the runway pace.

German lawmakers have approved a government plan to liberalize rules on cannabis, paving the way for the country to decriminalize limited amounts of marijuana and allow members of “cannabis clubs” to buy it for recreational purposes

The official two-week campaign period before Portugal’s early general election has begun

Several Federal Reserve policymakers are warning against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January

Private-equity firms are desperate to cash out of investments. But enthusiasm for initial public offerings is low after several stock-market debuts flopped. Enter so-called private IPOs.

Mrinal Singh, CEO & CIO, InCred AMC, says “one can look at our cash as a proxy largecap allocation. We have kept that largely in anticipation of volatility in the market and we would look to deploy it as the market offers volatility at interesting prices.” Did you come across that note, kind of a very honest admission from Chris Wood in the Greed & Fear newsletter, saying that, yes, India is the best game in town right now with superior macros? All of that is fine, but a kind of admission that it is turning out to be quite expensive. As a practitioner, are you finding it challenging too? Mrinal Singh: Yes, that is a practical challenge, yes. We had the market run up significantly in the last 12-18 months where it makes it more challenging. Obviously, when the valuations are elevated, the potential returns get subdued, so you need to also manage the return expectations and you need to go down the ladder in terms of market cap, you need to actually dig deeper and we expect customers to have a higher horizon when they make an entry at this juncture. It does become challenging when the markets have a very sharp run up in a short span of time.

Ajay Tyagi, Head — Equities, UTI AMC, says “sometimes things which are overdone on the other side by which I mean, let us say, highly undervalued may just have no other trigger but that trigger of being extremely cheap. For those investors who are viewing these businesses over a 3-5-year perspective in the future rather than just the next three months would just start to buy into them because they find them extremely attractive on valuation. I cannot say which trigger would work, what event would work but suffice to say, we have seen this multiple times over multiple decades that valuations itself is the biggest trigger more often than not.”

Chirag Setalvad, Head- Equities, HDFC AMC, says the government is spending a tremendous amount of money on infra and hence businesses related to infra and investments are doing extremely well. So, that is the first part. The second is private capex has been a laggard and it has been a laggard now for 3, 4, 5, 6 years, right. It has been the great hope and it has not panned out. But eventually it will, it is not like we are never going to spend capex on the private sector side. So, that will be the second leg which will eventually drop. The capex story can continue for many years. It will bring in construction companies. It will bring in equipment providers. That is the story which has strong legs and many years to go. Clear tailwinds are visible there. A purist who tracks technology tells me AI is just a passing phase. It happened with Y2K, they evolved. It happened with the enterprise, they evolved. It happened with digital, they evolved and they survived Covid. AI is something which will be part of every Indian IT services DNA and they will fly in coming quarters. What is your understanding? Chirag Setalvad: I do not think any of us know what AI is.