Strategy Financial News
28.10 / 13:47
markets
Action
Strategy
Election
Experts
War
Western power is at risk and there could be a World War 3, says JP Morgan CEO Jamie Dimon
Dimon cited nuclear proliferation as the biggest global threat, mentioning that if nations like Iran acquire nuclear capabilities, others will follow, risking major city targets worldwide. He referenced Russia’s actions in Ukraine, highlighting President Putin's nuclear rhetoric as a uniquely dangerous scenario. Also Read: US Elections 2024: One week before polls, betting odds reveal where Trump and Harris stand
28.10 / 11:51
Manufacturing
CEO
Strategy
Remark
Boeing
Schools
Videos
At Boeing and Starbucks, different problems but similar CEO messages
Subscribe to enjoy similar stories. Boeing’s new boss wants to return the manufacturer to its engineering roots. Starbucks’s new chief executive says the chain must embrace its own origins as a coffeehouse.
28.10 / 10:35
markets
Provident
FIVE
Strategy
trends
information
Profiles
CredR delays salaries, halts operations amid fundraising push
Subscribe to enjoy similar stories. CredR, a two-wheeler marketplace backed by Omidyar Network and Eight Roads Ventures, has delayed September salaries and temporarily halted operations as it chases a $20 million funding round. The disruptions have raised fears of an imminent shutdown, employees and people familiar with the matter told Mint.
28.10 / 09:11
markets
FIVE
Strategy
Experts
performer
recommendations
7 equity mutual funds offered over 25% returns in three- and five-year horizons
equity mutual funds have offered over 25% returns in both three- and five-year periods. We have looked at the performance of 193 equity mutual funds, which have completed five years of existence in the market. Four smallcap funds, two midcaps and one multicap fund offered over 25% returns in the mentioned horizons. Also Read | Samvat 2081: How mutual fund investors can tweak their investment strategy this Diwali
28.10 / 08:31
Strategy
Invesco
performer
Updates
abrdn and Invesco Asia-focused trusts agree merger to form sector's largest mandate
Asia Dragon began the hunt for a new manager in May as it underwent a strategic review launched over the vehicle's weak performance. Asia Dragon trust hunts for potential new manager months after merger At the time, the board said it was «interested to consider proposals from established fund management groups» with experience of similar equity strategies, and in an update today (28 October), said it has received interest from a «large number» of prospective firms. On the Invesco Asia team, abrdn said it was «impressed by the distinctive and disciplined value-oriented investment ap...
28.10 / 08:31
Strategy
JP Morgan Japanese trust to acquire £144m in assets from JSGI after merger approval
With a total 99.6% of the votes in favour of the deal, JFJ will acquire £144.3m of assets from JSGI, in consideration for issuing 23.3 million in ordinary shares related to the merger. The deal was first announced in July, when JP Morgan said it would merge the two strategies into one all-cap portfolio with assets under management of the combined vehicle set to surpass £1bn. Largest Japanese equity investment trust prepares merger to create £1bn portfolio At a general meeting on Thursday (24 October), around 39% of JSGI's share capital representing slightly over 21.1 million shares...
28.10 / 07:01
markets
Target
Strategy
Opinion
Trade
show
rights
Could the Nifty lose another 1,000 points? A market veteran explains.
Subscribe to enjoy similar stories. Last week Indian equity markets fell through support levels like a hot knife through butter. Are the markets falling to rise (‘correcting’ in market parlance) or are they falling to fall (‘making a top’)? In this article I’ll walk you through market data to help find the answers.
28.10 / 06:11
markets
Digital
Google
CEO
Strategy
WhatsApp
Experts
Slice and North East Small Finance Bank complete merger formalities, set to become a single banking entity
Slice on Monday said it had completed its merger with North East Small Finance Bank (NESFB) with effect from October 27 after receiving all requisite shareholder and regulatory approvals. The merger will unify the operations, assets and brand identities of the two companies into a single banking entity, it said. The fintech unicorn said in a statement that the integration will pave the way for the creation of a technology-driven bank along with a strengthened financial position focused on expanding operations, enhancing risk management frameworks and improving customer experience.
28.10 / 06:11
markets
Strategy
Election
President
RAI
Former Congress Jharkhand unit working president joins BJP
Jharkhand Congress working president Manash Sinha on Monday joined BJP ahead of the assembly polls. He was welcomed into the saffron party by Jharkhand BJP working president Ravindra Rai and Assam chief minister Himanta Biswa Sarma, who is also BJP's state election co-incharge, during a ceremony at the party's headquarters. «I have served the Congress party and held different posts for the past 27 years. But, there is no respect left for dedicated workers in the party. So, I decided to join the BJP,» Sinha said after joining the saffron camp. Sinha said he resigned from all posts of the Congress party.
28.10 / 01:11
markets
Strategy
Align
Trade
Cycling
recommendations
rights
“Investors should keep in mind that they have borrowed some future returns”
Subscribe to enjoy similar stories. Investors should keep in mind that they have essentially borrowed some returns from the future, and that is the reality, said Vetri Subramaniam, chief investment officer at UTI Asset Management Company. Moreover, expecting to achieve returns that exceed earnings growth from the starting point is a risky assumption.
28.10 / 01:11
COST
Target
Booking
Manufacturing
Strategy
stage
orienteering
Adani to build its first cement factory from scratch
Subscribe to enjoy similar stories. The Adani Group is in advanced discussions with the Odisha government to build its first greenfield cement factory, two years after embarking on its cement odyssey with a series of acquisitions. Group company Ambuja Cements Ltd is likely to build the 4 million tonnes per annum (mtpa) unit at a cost of ₹3,000-3,500 crore, said two people aware of the matter, including a government official.
27.10 / 21:07
27.10 / 19:27
markets
security
Strategy
Trade
Cycling
Schools
International
Tweak rule to facilitate same-day settlement of FPI trades: Bankers
foreign portfolio investors (FPIs) betting on India, have asked the Reserve Bank of India (RBI) to consider a tweak in the rule to facilitate same-day settlement of stock trades, better known as T-plus-zero (or, T+0). They want the banking regulator to enable FPIs to have a mechanism where funds can be organised from banks during the day to buy shares and squared off in evening-an arrangement that would be handy once the shorter settlement cycle of T+0 is extended for institutional trades. In the T+0 cycle, the buyer gets the shares and the seller receives the money on the same day the trade happens. Indications are that the market regulator Securities & Exchange Board of India (Sebi), wants custodian institutions to be ready for T+0 settlement for FPI and other institutional trades by end December or early January as the Sebi chairperson is believed to be keen on executing this before her term ends in February 2025, two industry persons told ET.
27.10 / 19:27
markets
UPS
Cooper
Strategy
students
PAM
Schools
Amid tensions with Canada, Dharmendra Pradhan emphasises India-Australia education cooperation
Dharmendra Pradhan just wrapped up an Australia tour which saw him discuss collaboration across the entire education sector, from possible twinning of schools to setting up Australian varsity campuses in India and joint efforts at addressing skilling gaps. Pradhan, while on an official tour to Australia last week, termed cooperation in education as the «fulcrum of India-Australia relationship». The discussions for greater educational collaboration with Australia comes even as there is a clear cooling off with Canada amid recent controversies.
27.10 / 19:27
markets
Strategy
Election
President
Schools
rights
Vav assembly bypoll: Contest between BJP, Congress & two rebel candidates
Vav assembly seat scheduled for November 13, it has turned into a de-facto battle of prestige for the Opposition Congress that has fielded Gulabsinh Rajput, a close confidant of Geniben Thakor, the lone Congress member of Lok Sabha from Gujarat. With AAP finally relenting from the contest after initial postering, the electoral battle is now clearly bipolar with BJP fielding Swarupji Thakor at the last minute. The Vav assembly segment in Banaskantha has a maximum population of Thakor voters at 70,000 followed by Chaudhary and Kshatriya voters. While the seat also has significant Dalit, Brahmin and Muslim voters, it is the Thakor and Chaudhary voters who play a decisive role in the outcome. The Congress high command refrained from fielding a Thakor candidate after fielding Geniben in the Lok Sabha and rewarded Gulabsinh, a Kshatriya candidate who had played a crucial role in Geniben's Lok Sabha campaign. Rajput is also a very popular leader in the region in his own right. However, he had lost to Shankar Chaudhary, Speaker of Gujarat legislative assembly from nearby Tharad constituency in 2022, Thakor had lost to Geniben in Vav in last assembly polls.
27.10 / 19:27
FIVE
Strategy
Election
Experts
performer
testing
Jharkhand Assembly Elections: How tribals and women will shape the outcome
Haryana, the BJP is leaving no stone unturned to oust the Hemant Soren-led government in the eastern state. Senior BJP leaders are camping in the state, keeping a close watch on the day-to-day campaigns. A BJP victory in Jharkhand will send out a message that the party has regained momentum after the Lok Sabha setback. Meanwhile, Jharkhand CM and JMM leader Soren is trying to achieve what no other party has managed in the state so far — a repeat of the government. Assembly polls will also be a test of Soren’s popularity among the tribal voters, as some senior tribal leaders are leaving the party to join the BJP. For Congress, the election is all about gaining relevance after the Haryana setback and repeating its 2019 performance, when the party won 16 assembly seats. In a bipolar election with both alliances having a consolidated vote bank in their favour, a slight shift towards any alliance can change the game. ET lists some factors at play in the upcoming assembly polls:
27.10 / 16:51
markets
Strategy
Food
DISH
Experts
2020
Schools
How Halloween horrors seeded the great gourd scare of 2020
But using gourds, the wider term for bulbous vine fruits of the Cucurbitaceae family, to symbolise heads has an older history. In India, ash-gourds have been used instead of human sacrifices for centuries. The ones kept outside homes to ward off evil often have crude faces painted on them. Gourds grow in most parts of the world and their often-imposing shapes and blandly adaptable flesh mean that societies have found many uses for them. Gourds are used as masks and covers for more private regions. Dried gourds are used in musical instruments such as sitars and banjos. They are used as receptacles for water and foods, and this, in turn, gives them symbolic value. “The great significance of the gourd to many people is perhaps no better shown than by its prominence in their creation myths,” writes Charles Heiser in The Gourd Book. Many stories have gods or the earliest humans created and sheltered in gourds.
27.10 / 16:51
markets
MET
Assurant
Strategy
Highways
Experts
Paddy procurement: Punjab farmers decide to lift road blockade
paddy procurement Sunday evening decided to lift their blockade from national highways at four places in Punjab but said their roadside sit-in would continue. The farmers under the banner of Kisan Mazdoor Morcha on Saturday held road blockades at a few places in the state for an indefinite period to protest the «tardy» paddy procurement and lifting and other issues. On Sunday, a two-and-a-half-hour meeting was held between the farmers' representatives with two Punjab ministers, after which agitating farmers declared to lift their blockade. The meeting was held between Food and Civil Supplies Minister Lal Chand Kataruchak and Agriculture Minister Gurmit Singh Khudian, leaders of farmers' bodies including Sarwan Singh Pandher of Kisan Mazdoor Morcha, Manjit Singh Rai and Satnam Singh Sahni of BKU(D) and ADGP (Law & Order) SPS Parmar, DIG (Border Range) Satinder Singh and other officials.
27.10 / 16:01
markets
UPS
Strategy
War
PAM
Gold helps hold up forex reserves
It is up 4 percent over the March-end levels in volume. The outstanding stock of RBI's gold is 853.6 metric tonnes as of end September 2024. Incremental value of gold in reserves on account of new purchases and valuation of existing stock is about $12.7 billion or almost one third of the $39 billion added to reserves this fiscal.
27.10 / 16:01
markets
Digital
Strategy
Election
Experts
PAM
"Samajwadi Party, NCP-SCP are like families": Swara Bhaskar's husband Fahad Ahmad
Fahad Ahmad emphasized the connection between Samajwadi Party and NCP-SCP through their shared ideology of 'Samajwadi', saying that both the parties are like families. Fahad Ahmad joined the NCP (Sharad Chandra Pawar) on Sunday and was fielded from the Anushakti Nagar seat against Sana Malik of NCP (Ajit Pawar). «The roots of Samajwadi Party and NCP-SCP are connected with 'Samajwad'...The public has been waiting for elections in Maharashtra to get rid of the current government. Samajwadi Party and NCP-SCP are like families. There is a very strong relationship between Mulayam Singh Yadav and Sharad Pawar and Supriya Sule and Akhilesh Yadav,» he said.
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