Strategy Financial News
19.11 / 05:21
markets
Target
Strategy
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Honasa Consumer shares extend losses for second session, shed 34% in 2 days
Honasa Consumer, the parent company of Mamaearth, extended losses for the second consecutive session, falling 34% over two days to their 52-week low of Rs 242.60 on the BSE, after the company’s Q2 results disappointed the Street. Mamaearth shares fell by 18% in Tuesday's session, following a 20% decline in yesterday's trade.
19.11 / 05:05
markets
Action
Strategy
Election
hospital
Investigations
Nagpur Rural Police register attempt to murder case against four in attack on Anil Deshmukh
Nagpur Rural Police on Tuesday registered an attempt to murder case against four unknown persons in connection with the attack on former Maharashtra minister Anil Deshmukh. Superintendent of Police, Nagpur Rural, Harsh Poddar said, «Nagpur Rural Police has registered a case of attempt to murder against 4 unknown persons in the attack on Anil Deshmukh. DYSP Katol is investigating the incident. The Regional Forensic Team has gone to the spot to collect technical evidence. No one should spread rumours. If anyone tries to disrupt law and order, strict action will be taken against them.» «DYSP Katol is investigating the case. The Honourable Special Police Inspector General, Nagpur Circle, and Nagpur Collector have also visited the spot. The Regional Forensic Team from Nagpur has come to the scene to collect technical evidence», Poddar added.
19.11 / 05:05
markets
COST
UPS
Strategy
economy
Trade
What expats need to know about cooling rents in Singapore as tenants gain upper hand in 2025
Singapore’s red-hot leasing market for private housing finally began to cool this year as supply of new apartments got the better of post-pandemic demand. Although the outlook for 2025 is still unclear, the dice seem to be loaded in favor of tenants. While landlords will fight tooth and nail to pass the burden of property taxes and interest rates when contracts come up for renewal, global banks, tech firms, and other multinationals may be cautious about how many more employees they bring into the city-state. As a major Asian financial center, Singapore is highly exposed to the current uncertainty in the global economy. The post-election euphoria around President-elect Donald Trump’s economic agenda of deregulation and tax cuts is starting to wane. Higher-for-longer borrowing costs are emerging as a real risk. After jumping nearly 60% in three years, the island-wide rental index has softened by 4% over the last four quarters. The decline would have been somewhat sharper had it not been for a small bounce in the three months to September.
19.11 / 05:05
markets
UPS
Strategy
Analysis
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Experts
Sensex rises! These stocks are up over 10% on BSE
Stocks that rallied over 10% included, Laffans Petro(14.13%), Multibase India(13.44%), Indag Rubber(11.75%), Udayshivakumar Infra(11.72%), Atam Valves(11.52%), PG Electroplast(10.82%), Darshan Orna(10.32%) and Keerthi Ind(10.22%).
19.11 / 05:05
markets
Provident
Strategy
Experts
recommendations
Pharmaceuticals
All equity mutual fund categories log negative returns in last 1 month. Should you allocate more or exit?
thematic funds in the said period. SBI Automotive Opportunities Fund, the only auto sector based fund, lost the most at around 12.42% in the last one month. Consumption theme based funds lost 9.18% in the same period.
19.11 / 04:43
markets
Digital
Progressive
Strategy
PAM
country
EU softens stand on major sticking point in Baku climate talks
BAKU: The European Union on Monday urged «wealthier high-emitting» developing nations to voluntarily contribute to climate finance, signalling a shift from its earlier position that had stalled progress in the UN climate talks. Securing a new climate finance package to help developing countries reduce emissions and adapt to climate change is the top priority of this year's UN climate talks. Developing nations need at least $1.3 trillion annually to tackle worsening climate impacts. The EU and some developed countries argue that such a large sum can only be achieved if «wealthier high-emitting» developing nations, like China and Gulf states, also contribute. However, this proposal has been a major sticking point, as many developing countries view it as an attempt to shift responsibility away from those who historically benefited from industrialisation. European Commissioner for Climate Action, Wopke Hoekstra, suggested a compromise on Monday, proposing voluntary contributions from these nations without changing the traditional classification of developed and developing countries.
19.11 / 04:43
markets
Strategy
Analysis
Sustainability
WhatsApp
Trade
Experts
Rupee rises 2 paise to 84.40 against US dollar in early trade
Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close.
19.11 / 04:43
markets
Digital
Strategy
economy
PAM
country
COP29 looks at G20 outcome to get a breakthrough on climate finance
BAKU: With no much headway on the critical issue of climate finance at UN climate talks COP29 here, negotiators of 198 countries appear to be looking at any big signal from the G20 summit in Brazil’s Rio de Janeiro, where heads of state/government of rich nations and emerging economies are brainstorming on multiple issues, including climate and renewable energy. «We urge them to use the G20 meeting to send a positive signal of their commitment to address the climate crisis. We want them to provide clear mandates to deliver at COP29,» said COP29 president Mukhtar Babayev. At a press conference, he did not mince words while speaking on how important the G20 was for the success of COP29 when the big stake issue of climate finance continues to elude the convergence point among rich and developing countries. «We cannot succeed without them (G20 nations), and the world is waiting to hear from them… They account for 85% of global GDP and 80% of emissions,» said Babayev.
19.11 / 04:43
markets
Digital
Waters
security
Strategy
President
country
Saudi eyes collaboration with Rajasthan on climate challenges
Saudi Arabia's arid climate challenges mirror those faced by regions like Rajasthan, presenting a unique opportunity for collaboration and knowledge sharing, a Saudi minister official said on Monday. Dr Osama Faqeeha, Deputy Minister of Environment, Water and Agriculture, and Advisor to the United Nations Convention to Combat Desertification (UNCCD) COP16 Presidency, made the remarks days ahead of the COP16 meeting to be held in Riyadh from December 2 to 13 under the theme — 'Our Land. Our Future'. «Successful initiatives like the Ghandivan project in Jaipur, which has transformed a barren wasteland into a thriving ecosystem through community-driven efforts, offer valuable insights that can be adapted across different regions,» he said, adding that Saudi Arabia is leveraging water conservation practices and pursuing ambitious rural development programs. «We are focused on raising awareness of the impact of land degradation, drought, and desertification. The scale of our challenge is stark: globally, we lose land equivalent to four football fields every second, amounting to 100 million hectares annually,» Faqeeha said.
19.11 / 01:47
markets
Strategy
Matthews
community
rights
peace
US urges Bangladesh to end violent crackdowns on peaceful protests
Bangladesh that it does not support government involvement in violent crackdowns on peaceful protests. This statement follows a recent clash between members of the Hindu community and law enforcement forces in Bangladesh's port city of Chittagong, triggered by a Facebook post criticising ISKCON. When questioned about the reported crackdowns on protests and the situation of minorities in Bangladesh, US State Department spokesperson Matthew Miller reiterated that the US supports the right to peaceful protest and opposes any government engagement in violent responses to such demonstrations.
19.11 / 01:47
markets
BLOCK
Strategy
Apple
economy
country
Apple offers $100 million to undo Indonesia's iPhone 16 ban
Apple Inc. has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16. The proposal would see Cupertino-based Apple invest almost $100 million in Southeast Asia’s largest economy over two years, the people said, asking not to be identified because they’re not authorized to speak publicly. Apple’s previous investment plan of close to $10 million would have involved the company investing in a factory making accessories and components in the city of Bandung, located southeast of Jakarta, Bloomberg News reported earlier. After Apple submitted its increased offer, Indonesia’s Ministry of Industry, which last month blocked a permit allowing the sale of the iPhone 16, is now demanding that the technology behemoth alter its investment plans to focus more on research and development for its smartphones in the country, the people said. The Ministry of Industry hasn’t made a final decision on Apple’s newest proposal, they added.
19.11 / 01:47
markets
Digital
Strategy
Mobile
President
War
French President Emmanuel Macron hails 'good' US decision on Ukraine missiles
«It was a decision that was a totally good one,» Macron said in Brazil, on the sidelines of a G20 summit also attended by US President Joe Biden, who made the policy change. «I understand it was also triggered by a grave change in the conflict which shouldn't be underestimated, which is the entry of North Korean troops alongside Russia on what is European soil,» he told journalists.
19.11 / 01:29
markets
Target
DOW
Strategy
NVIDIA
Experts
reports
US stock market: Nvidia, Walmart, Target earnings, Federal Reserve policy to dictate S&P 500, Nasdaq, Dow Jones
The chip designer, which powered 20 per cent of the S&P 500's return over the past year, is expected to drive nearly 25 per cent of its EPS growth in the third quarter, according to BofA Global Research. Nvidia's shares fell 1.3 per cent after a report said its new AI chips were overheating in servers, as per a Reuters report. «While Nvidia is the last of the Magnificent Seven to report, you’ve seen a nice broadening in earnings and attention,» said Carol Schleif, chief investment officer at BMO Family Office. «It'll be noteworthy, but it doesn’t feel like there's the same level of impetus around it as there was a quarter or two ago.»
19.11 / 01:29
markets
Digital
Fox
Strategy
Experts
PAM
Department
Donald Trump taps former congressman Sean Duffy for transportation secretary
Sean Duffy to be transportation secretary and oversee a huge federal portfolio of infrastructure spending and transit regulations. As the incoming Republican administration promises a swath of spending cuts, Trump in a statement praised Duffy's advocacy in congress for "fiscal responsibility." Still, with the leader of the Department of Transportation tasked with overseeing major infrastructure upgrades and maintenance, the president-elect said Duffy, from Wisconsin, worked with Democratic colleagues in Congress on a major road and bridge project.
19.11 / 00:47
markets
UPS
Strategy
PAM
beautiful
New-age companies seek growth areas as urban consumption slump grips
new-age companies in sectors such as beauty, wearables, logistics, ecommerce and used-car sales, which are now seeking to ramp up growth by focusing on new areas of business. Delhivery chief executive Sahil Barua flagged the slowdown in broader consumption, telling analysts during the firm’s earnings call last week that the trend has now trickled to ecommerce. To counter tepid demand, the logistics firm is attempting to chase new growth areas such as quick-commerce, regional and air logistics. The slump has exposed pain points for multiple new-age beauty brands. Mamaearth posted a loss in its second quarter, even as its stock hit a 52-week low on Monday reacting to the weak results. The Gurugram-based brand, which is undergoing a restructuring of its offline supply chain, said it was clocking slower-than-expected growth and that it needed to recalibrate the strategy for its flagship brand to grow.
19.11 / 00:47
Digital
Strategy
Election
show
Interviews
How Kamala Harris burned through $1.5 billion in 15 weeks
Kamala Harris spent a remarkable $1.5 billion in her hyper-compressed 15-week presidential campaign. But in the days since losing to President-elect Donald Trump, her operation has faced questions internally and externally over where exactly all that cash went. Despite her significant financial advantage, Harris became the first Democratic presidential candidate to lose the national popular vote in two decades, ceding every battleground state to Trump. Her cash-rich campaign spared no expense as it hunted for voters — paying for an avalanche of advertising, social-media influencers, a for-hire door-knocking operation, thousands of staff, pricey rallies, a splashy Oprah town hall, celebrity concerts and even drone shows.
19.11 / 00:47
MET
security
Strategy
Election
Trade
country
UK to relaunch trade talks with India, seeks 'new strategic partnership'
Starmer's office said on Monday, following a months-long pause in negotiations due to elections in both countries. London will seek a «new strategic partnership» with India as well as deepening co-operation in areas like security, education, technology, and climate change, Starmer's office said after he met his Indian counterpart, Narendra Modi, at the G20 summit in Brazil. «A new trade deal with India will support jobs and prosperity in the UK,» Starmer, whose Labour Party was elected to power in July, said.
19.11 / 00:47
markets
Strategy
Justice
PAM
reports
Department
Investigations
US House Ethics panel to meet amid calls for report on Trump AG pick Matt Gaetz
U.S. House of Representatives Ethics Committee is expected to discuss next steps on Wednesday in its investigation into President-elect Donald Trump's attorney general pick Matt Gaetz, two sources with knowledge of the panel's plans said. The sources were granted anonymity to discuss the bipartisan panel's inner workings. A growing number of Trump's fellow Republicans in the U.S. Senate, which has a constitutional duty to confirm or reject high-level presidential appointments, have called on the House panel to turn over its findings on allegations of sexual misconduct involving a teenager and drug use by Gaetz.
19.11 / 00:47
markets
Digital
Strategy
Cycling
PAM
reports
Information technology gets its mojo back with big September wins and October momentum
In September alone, 26 deals were signed by key IT services players, including six each by domestic firm Infosys and global player Accenture while Cognizant grabbed three deals. Some of key projects in September included Infosys’ deals with Proximus group, LIC and Metro Bank while Cognizant announced agreements with Kombit, England and Wales Cricket Board and Mecwacare. Wipro bagged one deal with JFK International Air Terminal.
19.11 / 00:47
markets
Manufacturing
CEO
security
Strategy
Healthcare
International
Deeptech startup Theranautilus raises $1.2 million in round led by Pi Ventures
Theranautilus, which develops nanorobotic solutions for healthcare, has raised $1.2 million in seed funding from Pi Ventures. The funding round also saw participation from Golden Sparrow Ventures and angel investors including Lalit Keshre, CEO of Groww, and Abhishek Goyal, founder and CEO of Tracxn. With the new funds, Theranautilus, incubated at the Indian Institute of Science (IISc), plans to establish an International Organisation for Standardisation (ISO)-certified manufacturing facility to commercialise nanorobotics-based medical devices, initially focusing on dental care applications and filing new international patents.
19.11 / 00:47
markets
UPS
Platform
Strategy
Food
PAM
Food-delivery startup Swish raises $2 million in maiden round led by VC firm Accel
Accel. The round also saw participation from angel investors such as founders of Urban Company Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy and others. The funds will be used for expanding operations and scaling its delivery model across most areas of Bengaluru, with plans to extend into other tier-1 cities.
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