Schools Financial News

Jaideep Prabhu is professor of marketing at the Judge Business School, Cambridge University. Speaking to Srijana Mitra Das, he discusses why meaningful ESG requires significant changes in companies: What does the term ‘sustainable marketing’ mean? Companies are increasingly being held to account globally not only for their financial performance and market share but their environmental and social impacts, grouped under ‘ESG’.

Infosys cofounder NR Narayana Murthy has expressed regret over his decision to turn down his family members, especially his wife Sudha Murthy, to join the IT giant he set up over four decades ago. Calling himself “wrongly idealistic”, Murthy said in an interview to a TV channel, that his wife was “more or as qualified than all seven” engineers including himself who together established Infosys, creating one of the earliest successful startups in India post liberalisation.

Spacetech startup Bellatrix Aerospace on Thursday said it will start commercialising its proprietary propulsion systems that help satellites generate the thrust for a transfer and stabilisation into orbit. The company achieved a significant milestone with the launch of its propulsion systems – Rudra and Arka – on board the national space agency’s PSLV C-58 launch vehicle on January 1. This gives the company its first space qualification.

Payment gateway and services provider Cashfree saw revenue from operations rising 75% on year to Rs 614 crore in FY23, even as its losses swelled considerably during the period. The company, which recently received the Reserve Bank of India’s nod to resume onboarding of new merchants, recorded a loss of Rs 133 crore in FY23, a significant jump from Rs 3 crore in the previous year.

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BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

Citi Global Wealth Investments chief economist Steven Wieting discusses the impact of the Fed's inflation strategy on the labor market and overall economy on 'Making Money.'

Dinesh K Tripathi took charge as the Vice Chief of the Naval Staff on Thursday. Prior to his current appointment, Vice Admiral Tripathi served as the Flag Officer Commanding-in-Chief (FOC-in-C) of the Western Naval Command. An alumnus of Sainik School Rewa and the National Defence Academy, Khadakwasla, Vice Admiral Tripathi was commissioned into the Indian Navy on July 1, 1985. Specializing in Communication and Electronic Warfare, he has an illustrious career serving on frontline warships, including stints as Signal Communication Officer and Electronic Warfare Officer. Vice Admiral Tripathi commanded Indian Naval Ships Vinash, Kirch, and Trishul, demonstrating his leadership and operational skills. Throughout his career, he held various crucial operational and staff positions, such as Fleet Operations Officer of the Western Fleet at Mumbai and Principal Director of Network Centric Operations at New Delhi. Promoted to the rank of Rear Admiral, he served as Assistant Chief of Naval Staff (Policy and Plans) at NHQ and Flag Officer Commanding Eastern Fleet.

Siddhartha Khemka, Head-Retail Research, MOFSL, says “the quarterly results would be the next trigger for the market. In terms of overall valuations, we see that markets are comfortable, especially the large caps. The Nifty is trading at a one-year forward PE of 19-19.5, which is still at a discount to its last 10-year average of 20 times. We see there is room for the market to move up given that quarterly results or the corporate earnings have been pretty strong and that continues to be the case.” What is your view on the market itself, the start has not been the most euphoric because we have been consolidating. Do you think this is going to be the nature at least for the next few weeks or months going forward that there would be a bit of sideways move? Siddhartha Khemka: If you look at the market view, after two consecutive months of sharp up move, Nifty moved by almost 5% in November, followed by 8% move in December. The start of the year has been a bit sombre because the market is waiting for fresh triggers. There were the meeting minutes from the Fed, which gave out some clarity as to when this Fed rate cut could happen, which has excited the market the most in December.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “there are two sectors which clearly are looking very good and are on our buying list. The first one is chemicals. We feel there is more upside to it given the last two years of underperformance. The second sector which looks good is the IT space. IT has taken a beating over the last few sessions, but we feel another 2-3% down on the IT index and it would again come into the buying zone. These are the two sectors where we are looking to cherry pick and buy stocks on the long side. There is a bit of pharma also coming into play where we are seeing selective buying. So, defensives are the ones to go for.” It is a day of the weekly options expiry for at least the Nifty now and it seems like it is likely to be a bit more on the positive side because the last two-three days was all about profit booking and consolidation. Rahul Sharma: We have seen a dip at the beginning of the year and now I think Nifty is ready to propel towards the 22,000 mark.

Sanjiv Bhasin, Director, IIFL Securities, says “I am amazed at the strength in midcaps. Yesterday, the midcap index was up. So, we are not complaining. All we are saying is that there will be a sectoral churn. Now it is time for banks to come back and if you are looking for an opportunity, then use the next few days’ weakness in metals as a proxy to the dollar to buy.” It is time to definitely tread with caution. I want you to drill the point home that there is no harm in the market consolidating at this juncture, it is only but healthy. Sanjiv Bhasin: Yes, the market consolidation is there and we had run up maybe irrationally and that has seen a little bit of a climax. We have corrected about 400-500 points on the Nifty, which is healthy for the market. I would expect this to end today. There is an up move of about 200-300 points which can come today or tomorrow.

CAT Results 2023: IIM Lucknow expected to release scorecard soon on iimcat.ac.in. Check details here Follow these steps to access the Eklavya Model Residential Schools (EMRS) Answer Key 2023: 1. Open your web browser and navigate to the official NESTS website at www.emrs.tribal.gov.in.

₹51,000 crore from the sale of the government’s shares in public sector companies. It is unlikely that any new big-ticket additions will be made to the divestment list for FY25, the people mentioned above said on condition of anonymity. “For FY25, the divestment targets will likely be lower than the FY24 target as the focus will be to complete stake sale processes initiated during FY24," one of the two people cited above said.

funding winter’, if investors are bullish on one area, it's generative artificial intelligence (GenAI). Indian GenAI startups have received a cumulative investment of $700 million in the last three years, showed estimates by technology industry apex body Nasscom. The country now has over 100 genAI startups and the funding received by new genAI ventures such as Hindi LLM maker Sarvam AI, as well as Adobe’s acquisition of Bengaluru-based Rephrase.ai last year are “good validations” of the AI ecosystem booming in India, said Sangeeta Gupta, senior vice president and chief strategy officer, Nasscom.

government is likely to amend the Information Technology (IT) Rules of 2021 and introduce rules for regulating artificial intelligence (AI) companies and generative AI models, according to people with knowledge of the matter. The amendments are likely to mandate that platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind, they said.

Upgrad on Wednesday said that it has appointed former Tech Mahindra managing director and chief executive C P Gurnani to its board of directors. Gurnani's addition as an independent non-executive director increased the Mumbai-based startup’s board to seven members, cofounder Ronnie Screwvala told ET.

snowstorms disrupting transportation and closing schools in Scandinavia while strong winds and heavy rain in western Europe caused flooding and at least one death. Temperatures fell below minus 40 degrees Celsius (minus 40 degrees Fahrenheit) in the Nordic region for a second day in a row Wednesday. In Kvikkjokk-Arrenjarka in Swedish Lapland, the mercury dropped to minus 43.6 C (minus 46.5 F), the lowest January temperature recorded in Sweden in 25 years, Sweden's TT news agency reported.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

Russian regional governor said on Wednesday he had ordered the rebuilding of nine houses in a village that was accidentally bombed by one of Russia's own warplanes. The incident took place on Tuesday, when the state news agency RIA quoted the defence ministry as reporting an «abnormal discharge of aircraft ammunition» over the village of Petropavlovka in the southern region of Voronezh. Governor Alexander Gusev said the nine houses would be rebuilt as soon as possible, and there had also been damage to a small local school, an arts centre and an administrative building. No one had been killed but four people were treated for minor injuries and residents had access to psychological support, he said. Five cars and a tractor had also been damaged, and the owners would get compensation. «Not a single resident will be left without help, we will support everyone as much as possible,» Gusev said. Authorities did not say what caused the incident. While the damage was limited, it was embarrassing for Russia's military and came at a time of high alert in its southern regions close to the border with Ukraine. Over the New Year period, Russia staged some of its heaviest missile and drone strikes on Ukraine since its full-scale invasion in February 2022.

Social reformer. Trailblazer. Although it did not include any bloodshed or body count, the revolution led by Savitribai Phule is no less monumental than India’s struggle for Independence.

smartphone industry, Xiaomi India President Muralikrishnan B said on Wednesday as he pointed to the pace of economic growth, positive consumer sentiments, as well as the 5G devices uptick. Terming India as a market of multitudes, Muralikrishnan asserted that there is an opportunity to have compelling 5G offering at every price point.