Strategy Financial News

Online gaming company Nazara Technologies has raised Rs 855 crore (around $100 million) through a preferential issue of over 89 lakh fully paid equity shares to a group of investors. The funding was led by SBI Mutual Fund, which invested Rs 220 crore, with participation from notable investors such as Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments, and Aamara Capital. The fundraising, approved by Nazara’s board in September, increased the company’s paid-up equity share capital from Rs 30.6 crore to Rs 34.2 crore.

In a bid to create more awareness around single malts, Piccadily Agro, the maker of Indri single malt whisky and Camikara rum, also plans to launch a state-of-the-art visitor centre at Indri, Haryana, as part of their ambitious growth strategy. This will be aimed at whisky tourists and connoisseurs eager to explore the nuances of whisky making. Siddhartha Sharma, Promoter, Piccadily Agro Industries, says the Indian alco-bev industry has emerged as one of the world's most dynamic markets, driven by rising disposable incomes, evolving consumer preferences and a growing appreciation for premium spirits. “We are witnessing a remarkable shift as Indian consumers increasingly gravitate towards premium craft spirits, particularly in categories like single malts and aged rum. This evolution has created an unprecedented opportunity for Indian producers to not just serve the domestic market but to take their place among global industry leaders,” he states.

urban demand slump, Marico CEO Saugata Gupta has a sunny forecast to make, ToI reported on November 28. Urban consumer spending will rebound after a brief decline, Gupta told the Times of India's Asmita Dey. According to Gupta, high food prices driven by food inflation are causing a temporary dip in urban demand for packaged consumer goods. He expects this trend to reverse in the next one or two quarters as food inflation stabilises. «Whenever there are bouts of high food inflation, people tend to titrate or downgrade on FMCG consumption. That's what we are witnessing but this will smoothen out soon. In a quarter or two, things should be much better with respect to urban consumption as we expect inflation to stabilise soon,» Gupta told the newspaper.

Shubman Gill, who suffered an injury to his thumb while fielding in the slips during match simulation in the build-up to the first Test of the Border-Gavaskar Trophy in Perth, is doubtful for the second Test too, reported TOI. Gill is also likely to miss the two-day practice pink-ball math at Canberra starting from Sunday. The second Test will begin in Adelaide from December 6.

Is crypto just a fleeting trend or a revolution shaping the future of global finance? To understand this, one has to delve into the nuances essential for unlocking its true potential. That’s where Crypto ki Paathshala steps in—a game-changing initiative by Mudrex, in collaboration with The Economic Times, designed to make cryptocurrency accessible, actionable, and empowering. On 14th December, the smart city of Ahmedabad will host this exclusive seminar and workshop, tailored for everyone from curious beginners to seasoned traders. Whether you’ve only heard the buzz about Bitcoin or are keen to diversify your investment portfolio, this is your opportunity as Crypto ki Paathshala is set to demystify crypto and take charge of your financial journey.

Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said. The agency has registered a police FIR about the incident that took place at a farmhouse that was raided by ED officials in the Bijwasan area of the national capital that falls under the Kapashera police station in southwest Delhi. An Enforcement Officer (EO) suffered minor injuries during the attack. He is continuing with the searches after he was given first aid, officials said. The probe pertains to a case against the PYYPL app.

General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pune University on "Indian Army's Role In Securing India's Growth Story," General Dwivedi said, «We are seeking avenues to bring together capacities to support lines of effort of the nation towards the goal of 'Viksit Bharat 2047'...In J&K we have been able to transform the theme of terrorism to tourism.» «When we talk about the prosperous nation 2047, two prefixes are very important — progressive and peaceful,» General Dwivedi added.

On the BSE, Novateor Research(down 17.67 per cent), Looks Health Services(down 14.97 per cent), AccelerateBS India(down 12.23 per cent), Superior Finlease(down 10.11 per cent) and 3P Land Holdings(down 9.36 per cent) were among the stocks that plunged over 5 per cent during the session.

Piyush Goyal said at a press conference on November 28. India is emerging as a quality-conscious nation now, Goyal said. India's rising impact in the emerging sectors is a result of the establishment of an inter-connected ecosystem, the minister added. The speed at which the 5G network is expanding, it will be there across the nation soon, Goyal remarked.

Subscribe to enjoy similar stories. Over the years, it has become evident that the most significant challenges in wealth management rarely stem from market complexities or economic uncertainties. Instead, they emerge from the intricate relationship between human emotions and financial decisions.

Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Adani Power Ltd.(up 9.55%), Inox Wind Ltd.(up 5.28%), Reliance Power Ltd.(up 4.99%), Ravindra Energy Ltd.(up 4.69%), Jaiprakash Power Ventures Ltd.(up 4.15%), Jyoti Structures Ltd.(up 4.09%), KPI Green Energy Ltd.(up 3.89%) and Gujarat Industries Power Company Ltd.(up 3.04%) were among the top gainers.

Siemens Ltd. traded at Rs 7537.55 on BSE at 10:25AM (IST) on Thursday, 1.45 per cent from previous close. The stock quoted a 52-week low price of Rs 3577.95 and a high of Rs 8129.95.

consumer durables retail sector, valued at Rs 1.8 trillion, faces six key risks that could disrupt growth, according to Nuvama Institutional Equities. Despite the challenges, two small-cap players—Electronics Mart India and Aditya Vision Ltd—stand out for their strategic approaches and strong regional dominance, making them compelling investment opportunities. The Indian consumer electronics sector is poised for growth, projected to reach Rs 3 trillion by FY29, but the path is fraught with challenges. Nuvama’s research highlighted six major risks: a demand slowdown, rising competition, the growing clout of online retail, disruption in financing availability, inadequate OEM after-sales support, and supply chain interruptions.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

Soma Textiles(up 19.98%), Kriti Nutrients(up 19.97%), Indo Cotspin(up 19.97%), Adani Gas(up 16.45%) and Trans Freight(up 15.06%) were among the stocks that surged over 15%.

Birla Corporation, Borosil Renewables, Honasa Consumer and Poonawalla Fincorp, report losses on a year-on-year (YoY) basis. Interglobe Aviation, which runs IndiGo airline, reported a loss of Rs 987 crore in Q2 vs a profit of Rs 189 crore in the corresponding quarter of the previous year. Similarly, Poonawalla Fincorp came up with Rs 471 crore loss as against a profit of Rs 855 crore in Q2 of FY24.

In its first detailed argument to the San Francisco-based 9th US Circuit Court of Appeals, Google said the trial judge made legal errors that unfairly benefited the plaintiff, «Fortnite» maker Epic Games. Requiring a «dramatic redesign» of Google Play and its mobile-device operating system Android will hurt app developers and consumers, Google said in its court filing.

Mark Zuckerberg met Wednesday with President-elect Donald Trump in a rare face-to-face encounter, the latest attempt by the Meta CEO to establish a positive rapport with Trump. The meeting, confirmed by three people with knowledge of the matter, was initiated by Zuckerberg, who has had a strained relationship with Trump over the past decade. Trump, who has long maintained that Meta has unfairly restrained him and other conservatives across its social media apps, has lobbed broadsides against Zuckerberg on social media and during stump speeches. Zuckerberg flew in to West Palm Beach, Florida, on Tuesday evening before joining Trump at his hotel and club, Mar-a-Lago, on Wednesday, according to the people, who spoke on the condition of anonymity because they were not authorised to discuss the meeting. The two men largely exchanged pleasantries, with Zuckerberg congratulating Trump on winning the presidency.

The statement followed reports about «Salt Typhoon,» a Chinese-linked cyberespionage operation targeting U.S. telecommunications firms. T-Mobile Chief Security Officer Jeff Simon said in a blog on the company's website Wednesday that the company detected attacks from an unnamed «wireline provider's network that was connected to ours.»

Ghaziabad Police on Wednesday told the Allahabad High Court that it has added a new charge against Alt News co-founder Mohammed Zubair. The charge for “endangering the sovereignty, unity, and integrity of India” was made under relevant sections of the IT Act in their October 8 FIR. The statement came when the high court was hearing the journalist's plea seeking to quash the FIR against him over sharing a video clip of Narsinghanand. Zubair’s lawyer Vrinda Grover said, “When the matter was being heard on Monday, the state (UP Police) kept saying that they had added more sections to the FIR. The court then asked them to put it on record. This morning, when they filed an affidavit, the Investigating Officer informed the court that they have added two new sections —152 and 66 of the IT act.”

Erik Solheim, former Executive Director of the UN Environment Programme, has strongly criticised the US government's recent report accusing individuals connected to the Adani Group of discussing bribes to secure solar energy contracts in India. The report has sparked global debate, and Solheim has labelled it a clear case of «American overreach.» He further questioned, «When will American overreach stop?» as he addressed the media coverage of the case. The US report alleges that certain Adani Group-linked individuals had discussed bribes to secure contracts. However, Solheim pointed out that these claims lack substantive evidence of actual bribe payments or involvement from top Adani leaders. Solheim added that such actions by the US government could not only undermine India's energy transition but also harm one of its largest economic drivers.