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The year received $7 billion in total funding until December 5, a significant decline of 72 per cent, compared to $25 billion in the previous year.

Digant Haria, Co-Founder, GreenEdge Wealth, says “PSU banks still have a lot of juice left. With this election verdict and chances of FII flows turning back, PSUs offer a much better upside just because they are not FII over owned. ICICI and HDFCs of the world are huge companies, over owned by FIIs. We still have to depend on a lot of FII flows but the PSU banks are where the next leg of move can happen. That has been a place where we are placing our bets recently.” How are you reading into the movement of some of the largecap stocks because while the mid and the smallcaps no doubt have fired up in this recent rally, largecaps have been moving slow and steady? What is the view on some of the marquee names within the banking space and the other largecaps which are yet to play catch up? In the whole banking space, largecaps were the only ones which did not participate. The big reason was that there was large FII selling in the last one year and we had more than Rs 1 lakh crore getting sold out of this sector. So despite good results, good outlook, good credit cycle, best ever ROAs, everything was in place for a rally in the banking sector, but stocks like ICICI, Axis, HDFC practically did nothing for a very long time.

Apple and its suppliers have ambitious plans to manufacture over 50 million iPhones in India every year within the next two to three years, Wall Street Journal reported citing sources. This move is part of Apple's strategy to reduce its dependence on China and diversify its supply chain. If successful, India would account for a quarter of global iPhone production by the end of the decade. Last month, Foxconn, one of Apple's key suppliers, showed its commitment to India by announcing an investment of over $1.5 billion in India.

When employees at fashion giant Shein crowded into an elevator in the company’s Guangzhou office at the end of one workday this summer, no one took notice of Sky Xu. The quiet man in the corner was one of the wealthiest people in China, the driving force behind an app that has quickly become one of the top shopping destinations in the world—and the boss of everyone riding the elevator. With Xu that day was Frances Townsend, a senior adviser to Shein.

Archies, released on Netflix. Besides, the musical thriller Chamak, Manoj Bajpayee‘s intense drama Joram, and Timothée Chalamet’s Wonka are other exciting OTT releases that have been released this week. Theatrical releases score over web originals on OTT The movie revolves around Archie Andrews and his group of friends who try to save a park in Riverdale.

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said. As India tries to boost domestic manufacturing and electric vehicle (EV) adoption, Tesla is proposing to set up an Indian factory but is demanding lower import taxes for electric cars.

Legal and human rights groups have filed a legal challenge with Britain’s High Court, calling for the U.K. to stop granting licenses for weapons exports to Israel

Paris Saint-Germain owner Qatar Sports Investments has agreed to sell a minority stake to U.S. private equity platform Arctos Partners

San Diego Padres on Wednesday traded Juan Soto to the New York Yankees. In the much-anticipated blockbuster deal, the final terms involve sending Soto and outfielder Trent Grisham to the east in exchange for pitchers Michael King, Drew Thorpe, Jhony Brito, and Randy Vásquez, along with veteran catcher Kyle Higashioka.

JOURNEY and DEF LEPPARD, two of rock's legendary and influential bands, have revealed an upcoming co-headlining stadium tour set to heat up the summer of 2024. Together, they will dominate stadium stages across North America. The two bands will perform together for the second time at Target Field on August 19, becoming the third rock concert announced for the Twins' ballpark in 2024.

Affluent Americans are growing more concerned about their financial security as economic uncertainty and market volatility continue.

By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo Crowley

Next week, the GBP/USD faces a major test with key data releases and interest rate decisions from the Federal Reserve and Bank of England.

Wednesday, December 6th, 2023 – The Bitcoin price is powering higher to trade above $43,000, its highest level since April 2022, igniting a firestorm of interest in Bitcoin cloud-mining innovator Bitcoin Minetrix, which has raised $5 million from investors with more to come.

By Aditi Shah and Aditya Kalra

By Ahmad Ghaddar

financial services provider in India, has introduced ‘Activ One.’ This streamlined and all-encompassing health insurance plan is designed to offer policyholders personalized solutions, addressing not only their health insurance requirements but also fostering their journey towards optimal well-being. Packed with cutting-edge features like complete health returns, claim protection, no sub-limits, super reload, and super credit, Activ One stands as ABHICL’s most extensive offering to date.

Hindustan Aeronautics Ltd. is in talks with at least three countries to export its homemade multi-role fighter jets as Prime Minister Narendra Modi seeks to more than triple the South Asian nation’s overseas defense sales. Discussions with Nigeria, Philippines and Argentina to export the Tejas fighter jets are progressing, C.

Nikhil Nigania, Director, AB Bernstein, says “we are still in the early stages of a multi-year cycle in the power sector. We think some of these demand supply challenges will continue for some time. The receivables should stay good. And the renewable commitment has been to triple the capacity by 2030. It is still early in the cycle. It looks like good times are ahead for the sector.” Give us the big picture. Why is power along with its ancillaries so hot in the market? What has happened in the power sector is that we had a decade of poor performance for the sector. Now suddenly two things are happening. One, we are in a tight power demand supply situation. Hence, we are seeing deficits in power. And second, at the same time, we are trying to do energy transitions as well. And maybe to a third point to add to that, is that receivables for the power sector companies have also improved.

Mint. The ISM is tasked with overseeing semiconductor-related proposals and has industry stalwarts like Vinod Dham and Ajit Minocha on its advisory committee. While proposals for semiconductor chip fabs or assembly plants were being evaluated by the ISM, the government should focus on building the fabless design ecosystem which was a low-hanging fruit for companies here, Vishwanathan added.

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