Strategy Financial News

Subscribe to enjoy similar stories. Even as air pollution chokes Indian cities, nearly ₹858 crore allocated by the central government for pollution control in 2024-25 remains unspent.

«India's express logistics market is going through a major shift, driven by growing digital adoption and consumers becoming more comfortable with e-commerce,» said Mrigank Gutgutia, Partner at Redseer Strategy Consultants. Gutgutia further noted that express logistics players need to realign their strategies to stay ahead and make the most of the fast growing e-commerce and hyperlocal opportunity landscape.

equity and other investments to set off against capital gains made in the past and, thereby, reducing the tax liability. This strategy is popularly known as «tax-loss harvesting.»

mutual funds. According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky. Also Read | Planning to tap on emerging global trends? Here are 4 investment strategies to know

Krafton has acquired a controlling stake in Pune-based Nautilus Mobile, the studio behind the popular Real Cricket franchise, in a deal worth Rs 118 crore. This marks Krafton’s first control deal in India, signalling its focus on local game development here. Founded in 2013, Nautilus Mobile was acquired by JetSynthesys in 2020. Subsequently, Krafton made a Rs 40.5 crore investment in 2022. The latest acquisition gives Krafton a larger stake in India’s gaming landscape, integrating Nautilus Mobile’s expertise with its global resources and technology.

AJ Bell Platinum, its SIPP and SSAS business, has 3,600 customers with £3.2bn of assets under administration. Clients and assets are due to transfer in the second half of the year. The deal sees £18.5m transferred on completion, made up of £17.5m in cash and £1m in new InvestAcc shares, and £6.5m of deferred consideration in cash, subject to certain conditions. AJ Bell Investments AUM rises 38% as platform business hits £89.5bn AUA AJ Bell CEO Michael Summersgill said: «Our strategy is to provide easy-to-use, low-cost platform propositions using a single, scalable operating model t...

Subscribe to enjoy similar stories. Good artists copy. Great artists steal.

Liam Lawson's first Formula One season with Red Bull is coming to an end on a disappointing note after just two races. New Zealand’s Lawson is facing the axe after a disappointing show in the 2025 season opening Australian Formula One at Melbourne and the Chinese GP in Shanghai. The decision by Red Bull management to replace Lawson with Japanese driver Yuki Tsunoda has not gone down well in New Zealand as well as the current F1 world champion Max Verstappen. The latter is also the Red Bull flagbearer and Lawson's teammate on the F1 Grand Prix circuit. Verstappen is reported to be frustrated by Red Bull deciding to sack Lawson after only two races. He stated that Racing Bulls, the feeder of Red Bull where Lawson used to race before his elevation, cars are easier to drive. “That Racing Bulls car is easier to drive than ours. I notice that when I talk to Liam. Last year the difference between him and Yuki wasn't that big, I thought. Otherwise the team wouldn't have made the choice to put Liam in at Red Bull,” said the F1 world champion. New Zealand Minister for Sport Mark Mitchell jumped into the controversy backing Lawson. “I'm disappointed if he isn't racing in the Red Bull, but I'm really excited that if he's at least back in the Racing Bull, that he can go and show everyone what he's capable of," he told New Zealand media.

Subscribe to enjoy similar stories. In today’s world, education is no longer just about survival. Parents are going the extra mile, making thoughtful decisions about how and where their children study, from preschool to college.

locations across the United States this Saturday (March 29). The mass closure was announced by the department store chain in January this year. The closures are a part of a wider rehaul of the company, including a shakeup in its top echelons, a 10 per cent reduction in its corporate workforce, and putting a stop to Amazon returns in some locations, as per USA Today.

Bank of Baroda (BoB), India's second largest public sector lender by assets, is stepping up on retail loan growth with renewed focus on home loans, tie-ups with auto companies, and a fresh strategy to target corporate account employees with personal loans as it expects a 20% compound annual growth rate to continue at least for the next 3 years, executive director Sanjay Mudaliar said. The brisk pace in retail loans will mean the proportion of retail in its total loan book could increase to about 32% in the next three years from 27%. Home loans as a percentage of BoB's loan book are relatively lower at 51% compared to 55% for larger peer SBI. Mudaliar said early success in personal and auto loans meant the bank never stepped on the pedal on home loans but that is now changing. «We had an experience in home loans, but it was not scaled up to the extent we were looking for. Now with the personal loans coming under pressure, the bank is going slow on digital lending, and with the ups and downs in auto loans, the shift is happening towards home loans,» he said.

Elon Musk is investigating how The Atlantic’s editor-in-chief, Jeffrey Goldberg, was inadvertently added to a Signal group chat involving high-ranking U.S. national security officials. The chat reportedly contained discussions on upcoming military airstrikes against Houthi targets in Yemen. The breach, revealed in The Atlantic on Monday, has sparked outrage, with bipartisan calls for accountability. White House Press Secretary Karoline Leavitt confirmed Musk’s involvement, stating that he would «figure out how this number was inadvertently added» and help «ensure this can never happen again.»

Why is this happening? The company has struggled to keep up with the shift towards digital game purchases and streaming services. Physical game sales, once its bread and butter, are in decline. Instead of adapting fast enough, GameStop has found itself losing relevance in an industry that’s rapidly evolving.

IT services company Happiest Minds Technologies announced strategic changes to strengthen products, software-as-a-service (SaaS) and a soon-to-be launched healthcare-as-a-service (HaaS) solutions. On Wednesday, shares of Happiest Minds Technologies touched a 52-week low for the second consecutive day to reach Rs 620.20 on the BSE, before ending slightly higher at Rs 624.10 per share. At a press conference around a month before its fourth quarter and full year earnings the Bengaluru-headquartered company said it has drawn up plans to expand its business to the private equity (PE) ecosystem, global capability centres (GCCs) and a strategy to focus on high potential large accounts.

 In a stock exchange notice today (26 March), Nick Hewson, SUPR's chair, welcomed the pair to the board and labelled the latest changes, «a significant milestone for the company, as we continue to make progress on our key strategic initiatives». The initiatives, according to Hewson, «are designed to enhance earnings and continue to reduce the discount to NAV». Supermarket Income REIT eyes management internalisation «Rob and Mike have played an integral role in the business to date, and their deep understanding of SUPR's strategy and operations will ensure a smooth transition a...

GameStop shares were back in action as the company's move to hoard bitcoin brought retail investors back to their favorite meme stock. The video game retailer's shares rose 11.6% to $28.35 before the bell on Wednesday after GameStop said it would invest in bitcoin at a time when its primary brick-and-mortar business is struggling to draw customers. «Retail operations aren't the reason why GameStop's shares are flying — they never are. This time it's about the company's move into bitcoin,» said Dan Coatsworth, investment analyst at AJ Bell.

Kotak Alternate Asset Managers on Wednesday announced a Rs 1,050-crore investment in Tirupati Medicare, which will support the pharma company's expansion efforts. The investment also gives a complete exit to Affirma Capital, which had invested in the company earlier, according to a statement. The 2005-founded Tirupati is the largest players in the nutraceutical contract manufacturing space, serving a marquee customer base, including Herbalife, Glanbia, Abbott, Torrent, Dr Reddy's, and Pfizer, among others, Kotak Alternate Asset Managers Managing Director Eshwar Karra said.

Subscribe to enjoy similar stories. A new U.S. missile system deployed in the Philippines puts key Chinese military and commercial hubs within striking distance and hands President Trump an early test of his commitment to deterring Chinese aggression against American allies in Asia.

Subscribe to enjoy similar stories. Accounting conventions require that capital is accounted for in the balance sheet of the enterprise, and expenditures and incomes in the profit-and-loss account. This is universal for all corporate enterprises, be they business ventures, government agencies or ‘non-profit’ organizations.

Vinay Hiremath, the co-founder of Loom, achieved a dreamy financial success. After selling his video messaging startup to Atlassian for nearly $1 billion in 2023, he walked away with an estimated $50 to $70 million. However, instead of continuing in the tech industry or chasing further financial gains, the 33-year-old is now taking an unconventional path—searching for internships. On a podcast with Sam Parr, he talks about looking for internship opportunities after he turned down a $60 million retention bonus. Despite having the opportunity to earn even more, Hiremath made a surprising decision. He turned down a $60 million retention bonus that would have vested over four years. Now, without a steady income, he is focusing on personal growth and new challenges. Sam shared that Hiremath's current interests lie beyond software and investing. He spends five to eight hours daily studying physics and engages in online discussions with young enthusiasts, blending into communities where many are unaware of his entrepreneurial success. His financial strategy post-exit is also unusual for a tech founder, with half of his net worth in cash, 30% in equities, and 20% in bonds and other assets. Despite his wealth, his most expensive purchase since the sale has been an iPad. He is currently studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds.

EET Fuels — the trading name of Essar Oil (UK) Ltd — has signed agreements to supply jet fuel to two additional major UK airports, the firm said Wednesday. Essar Energy Transition (EET) is the entity leading Essar group's USD 3.6 billion low carbon projects in the UK and India. The group operates Stanlow oil refinery in the UK. «This expansion elevates EET Fuels' total network to nine airports across the UK, marking a significant milestone in its mission to bolster energy security and support the aviation industry's growth,» the company said in a statement. Deepak Maheshwari, Chief Executive Officer at EET Fuels, said the pact underscores EET Fuels' commitment to strengthening the UK's aviation fuel network while advancing its energy transition strategy. «By expanding our supply footprint to nine key airports, we are not only enhancing fuel security and reliability for our airline partners but also reinforcing our role as a leader in the UK's journey towards a low-carbon future.»