Strategy Financial News
18.11 / 01:15
18.11 / 00:59
markets
Digital
CEO
Strategy
Trade
Experts
country
It’s success .ai as domain trade rakes in big bucks
OpenAI CEO Sam Altman posted “chat. com” on X without explanation earlier this month. It subsequently emerged that HubSpot cofounder and CTO Dharmesh Shah had sold the domain to OpenAI, indicating that the $15.5 million price may have been paid in shares. While Shah seemed to suggest the amount was the same he’d paid to acquire it in the first place, domain investing is again becoming a lucrative business that could yield high returns, following the rise of AI. Web domains with .ai extensions have become the third-largest selling category, with sales reaching $9.2 million in the year to date, according to data from Namebio. This is slightly behind the second-ranked .org, which garnered $9.4 million. The extension .com still rules, at $120.2 million.
18.11 / 00:59
markets
Digital
Platform
Strategy
electronic
information
rights
MeitY readying voluntary ethics code for AI firms
The conduct and ethics developed by the Ministry of Electronics and Information Technology will be akin to “informal directive principles” for companies, especially those working to build their large language models (LLMs) or using data to train AI and machine learning models, an official said. “A law on AI is still some time away. We are talking to all stakeholders right now to see what can be included and trying to get the industry onboard on a common set of principles and guidelines,” the official said.
18.11 / 00:59
markets
Digital
Manufacturing
security
Strategy
country
IT minister Kharge calls for level-playing field in semiconductor investments
The minister has often expressed his frustration and accused the Centre of using political influence to divert semiconductor investments away from Karnataka. «I'm not saying that other ecosystems don't deserve support, but who deserves it the most? It's not just about Karnataka; it's about the nation becoming a manufacturing hub. It's about India becoming an economic superpower and leading in technologies.» Kharge also said that it's disheartening that states like Karnataka, Tamil Nadu, and to some extent, even Maharashtra, are getting the raw deal.
18.11 / 00:59
markets
Digital
Aware
Manufacturing
Strategy
Apple
electronic
Tata Electronics seals deal for 60% stake in Pegatron Tamil Nadu iPhone plant
Tata Electronics is signing a deal to own a majority stake in Taiwanese contract manufacturer Pegatron's plant in Tamil Nadu, people familiar with the development said, underlining its move to increase its capacity of assembling iPhones. The deal is likely to lead Tata Electronics having a 60% stake with Pegatron holding the balance in the JV to run the iPhone production facility. Industry executives said the Tata Group company could pay $150-200 million for the stake. The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company's capacity may increase to be at par or almost at par with that of Taiwan's Foxconn, which currently makes the most number of iPhones in India.
18.11 / 00:59
markets
Telegram
Strategy
Sustainability
War
International
Ukraine strikes on Russia with US missiles could lead to world war, Russian lawmakers say
World War Three, senior Russian lawmakers said on Sunday. Two U.S. officials and a source familiar with the decision revealed the significant reversal of Washington's policy in the Ukraine-Russia conflict earlier on Sunday. «The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning,» Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app.
18.11 / 00:59
markets
Digital
Platform
Action
Strategy
cover
Investigations
ED shifts focus to Amazon and Flipkart ties with sellers
The aim is to find out if the ecommerce companies were exercising control over vendors. Under the rules, they can only act as platforms. ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinarily civil offences entailing monetary penalties. Earlier this month, the agency conducted nationwide searches at 19 sites related to large sellers on Amazon and Flipkart in New Delhi, Bengaluru and Hyderabad.
18.11 / 00:59
markets
Digital
security
Strategy
Trade
performer
Stock market set to plateau after euphoria of last four years: Zerodha’s Nithin Kamath
stock market growth is set to plateau after the euphoria of the last four years which led to record participation of retail investors and this will have an impact on the growth prospects for the Bengaluru-based firm in the coming years, said Nithin Kamath, chief executive officer, Zerodha. “Zerodha’s performance would be highly correlated with the performance of the markets, and given the euphoria in the last three to four years, it is difficult to continue with the same optimism for the next few years,” Kamath said. Since reaching the peak of 85,000 in September, the BSE is currently trading at around 77,500, falling steadily over multiple trading sessions.
18.11 / 00:27
markets
COST
UPS
Strategy
economy
Hero Motocorp’s ride may be easy
Subscribe to enjoy similar stories. Hero MotoCorp Ltd’s shares are down 26% from its 52-week high of ₹6,246.25 per share on 24 September. It appears that the stock, too, has been suffering due to the general downturn in the stock market as there is no other apparent reason.
18.11 / 00:27
markets
COST
UPS
security
Strategy
2020
Vedanta’s tangled debt, dividends, demerger: Where do shareholders stand?
Subscribe to enjoy similar stories. Vedanta is one lucky company. It has a monopoly on nickel production in India, is the largest private crude oil producer and iron ore miner in India, has the lowest cost of production, and pays incredible dividends.
18.11 / 00:27
markets
UPS
Aware
Strategy
Colgate-Palmolive
Diversity
rights
On a mission to change consumer behaviour, grow premium offerings: Colgate-Palmolive’s Prabha Narasimhan
Subscribe to enjoy similar stories. With its near-universal penetration, Colgate-Palmolive India is synonymous with oral care in India. However, the company is not resting on its laurels.
17.11 / 19:47
markets
Digital
Progressive
Strategy
Experts
country
After COP29 impasse, all eyes on Rio G20 meet
BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.
17.11 / 19:47
markets
Aware
Strategy
Enterprise
awards
Experts
show
Piramal-Bain ARC venture calls it quits
Piramal Enterprises Ltd and Bain Capital Credit surrendered the licence for their asset reconstruction company (ARC), India Resurgence Asset Reconstruction Company, to the Reserve Bank of India, a development that shows growing challenges in the distressed assets market, said people aware of the development. Launched in 2018, the fund had invested in stressed assets using a mix of debt and equity. Regulatory hurdles, including restrictions on equity sales and difficulties in providing exits to equity investors, have now made the business of ARCs less attractive.
17.11 / 18:35
markets
Digital
Strategy
President
Experts
PAM
country
Modi building wall between Gujarati and others: Uddhav
Uddhav Thackeray claimed that Prime Minister Narendra Modi and Home Minister Amit Shah are erecting a barrier between Gujarat and the rest of the country by prioritising Gujarat above other states. «I keep saying, I don't have any issues with Gujaratis or Gujaratis. Those Gujarati brothers and sisters who are watching this, you have been living for several years in Mumbai and Maharashtra. We have never fought. However, between you (Gujarati) and the rest of the country Modi and Shah are building a wall that you need to be careful about,» said Thackeray. The UBT Sena President was addressing a rally at the Bandra Kurla complex on Sunday. He added, «Modi and Shah may go but this wall that is being built would be worse than the German wall. It would take years to break this wall and till then there would be a lot of mayhem. Why are you doing this sin? If you take all our industries and business from here to Gujarat then what do the people in this state supposed to do,» questioned Uddhav Thackeray.
17.11 / 18:35
markets
Target
MET
Digital
Manufacturing
Strategy
reports
Targets met, subsidy on electric cargo three wheelers to end
PM E-Drive incentive targets for this fiscal have been met within weeks of the scheme's launch. Electric two-wheeler (e2w) sales are also close to the scheme saturation goal of one million units for 2024-25, with eligible manufacturers already reporting sales of over 690,000 e2w, official data show. The Ministry of Heavy Industries (MHI) had announced plans to incentivise 80,546 large electric three-wheelers (e-3w of L5 category) under the scheme this financial year.
17.11 / 18:35
markets
Digital
Strategy
Election
Experts
PAM
Colleges
Maharashtra polls: It's tight, but there's no rebel and I will win, says Prithviraj Chavan on Karad South seat
Karad South has only had three MLAs representing it — Yashwantrao Mohite from 1952 to 1980, Vilas Patil from 1980 to 2014 and from 2014 to 2019, former Maharashtra Chief Minister Prithviraj Chavan of the Congress. The constituency has been known as a Congress bastion for several decades which the BJP hopes to change this time. BJP's candidate is Atul Bhosle, who is not a novice in the constituency. Bhosle, whose family runs a sugar factory and a medical college, has contested twice against Chavan since 2014. While Bhosle lost both times, the BJP and Bhosle have been taking confidence from Chavan's declining winning margins and Bhosle's improved performance. In 2014, Chavan got 76,831 votes and won by just 16,000 votes, Bhosle came a distant third. The 2014 elections were interesting as Vilas Patil, the Congress sitting MLA, was denied a ticket in favour of Chavan. The latter contested as an independent and got 60,000 votes.
17.11 / 18:35
markets
Digital
Strategy
Election
Trade
President
The evolution of trade union politics in Dhanbad: From independence to present
The trade union politics has traversed the course of time. In several assembly seats in and around Dhanbad, the leading candidates are either running a trade union or are associated with one. Sitting BJP MP from Dhanbad Dhulu Mahto is the general secretary of United Coal Workers Union. Dhullu Mahto's brother Shatrughan Mahto is contesting from Baghmara. Shatrughan is the president of United Coal Workers Union. People in the area told ET on condition of anonymity that during the recent Lok Sabha polls, Dhulu Mahto mobilised support in his favour through his trade union networks in villages and parts of Dhanbad. Contesting against Shatrughan Mahto is Congress Jharkhand working president Jaleshwar Mahto who is associated with Colliery Shramik Union.
17.11 / 18:35
markets
Digital
Fighting
Strategy
Election
Courts
Maharashtra polls: Three leading candidates have Congress roots in Savner Assembly constituency
Savner Assembly constituency have one thing in common — their shared root in the Congress party — even as they are now fighting against each other as candidates of the Congress, BJP and as an Independent. Entrenched former Congress minister and four-term MLA Sunil Kedar this time is in the role of being the prime mover of the campaign of Congress candidate Anuja Kedar, his wife. His was not a voluntary retirement but a forced exit after his conviction and jailing in a cooperative bank scam case. «We are in the thick of elections. You can find out about the kind of work we have done here by talking to anybody in the constituency,» said an evasive Sunil Kedar. His local supporters insist his popularity has not waned even after his conviction. «Sunil Kedar has worked very hard for the development of Savner constituency. Even a child here knows that the case against him was framed, and the manner he was dragged to court and jail, were all part of political harassment and vendetta,» said Damasao Saoner, former Congress corporator of Savner Municipal Council.
17.11 / 17:29
markets
Strategy
economy
country
audience
innovations
peace
India has embarked on new journey and goal is to build 'Viksit Bharat': PM Modi
Viksit Bharat' as he outlined his government's achievements during the last ten years. Addressing the Indian diaspora in the Nigerian capital, Modi also said that India has emerged as a new hope for the world, embodying growth, peace, prosperity, and democracy. Modi, who began his speech with «Sannu, Nigeria», which translates to «Hello», said this was his first visit to Nigeria as Prime Minister, but he did not come alone. «I have brought with me the fragrance of Indian soil and many good wishes for all of you on behalf of crores of Indians,» Modi said.
17.11 / 17:29
markets
Digital
Manufacturing
CEO
Volkswagen
Strategy
country
India is a “strategic market” for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India
Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India told ET. Arora’s statements come amid media reports of a potential equity partnership between the Volkswagen Group with Mahindra & Mahindra (M&M). Several auto companies such as Ford, General Motors, MAN Trucks and two-wheelers such as UM Motorcycles, Harley Davidson have exited India, amid low volumes which made it difficult to sustain operations viably in the country. Ford, which only recently announced plans to restart manufacturing operations at its plant in Chennai for global markets, had pulled the plug on India ops after a possible joint venture with Mahindra fell through. Harley Davidson, meanwhile rebooted India ops through a sales, manufacturing tie-up with Hero MotoCorp.
17.11 / 17:29
markets
Digital
Platform
Strategy
Netflix
show
reports
Arcane Season 2 Part 3, Arcane Season 3 on Netflix happening? Check latest status
Arcane Season 2 Part 2 was on Netflix and since then fans have been curious about the release dates of Arcane Season 2 Part 3 and Arcane Season 3. Netflix has not canceled 'Arcane' as Riot Games is likely to churn out more stories, as per a report on WhatsOnNeflix. However, there are reports that Arcane Season 3 is highly unlikely. Netflix is also yet to announce an official spin-off. Meanwhile, Video streaming platform Netflix was back up on Saturday after an outage that lasted roughly six hours in the United States, according to the outage tracking website Downdetector.com.
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