Strategy Financial News

21.10 / 07:15
markets UPS Strategy Analysis Trade show Commentary Share price of Info Edge falls as Sensex drops 204.52 points
Info Edge (India) Ltd. dropped 1.56 per cent to Rs 7962.0 at 12:32PM (IST) in Monday's trade. The scrip hit a high of Rs 8161.1 and low of Rs 7960.85 so far during the session. The stock had closed at Rs 8088.3 in the previous session. The counter had a total traded volume of 12:32PM shares so far with a turnover of Rs 0.42 crore on BSE. The stock traded at a price-to-earnings multiple of 159.04 and a price-to-book ratio of 2.39.
21.10 / 07:15
markets Digital Strategy Covenant Experts PAM Schools Hot India private credit market faces risks as exuberance grows
credit market is growing so fast that a rush of new participants into the direct-lending sector is fueling concern about a weakening of lending standards. “We have seen a bunch of first-time managers raise a lot of local capital,” Indranil Ghosh, head of Pan-Asia special situations at Cerberus, said at the Bloomberg India Credit Forum in Mumbai on Friday. “With some of those managers, I suspect that the underwriting standards, the diligence standards, the structuring, covenants are slightly lighter than what a lot of the global firms and well-established domestic institutions are used to.” Also Read: RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley
21.10 / 07:15
markets Strategy Analysis Research Trade reports Commentary Divis Labs shares down 0.96% as Nifty drops
<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.96 per cent down in Monday's trade at 12:27PM (IST). Around 4,582 shares changed hands on the counter. The stock opened at Rs 6004.2 and touched an intraday high and low of Rs 6092.0 and Rs 5965.35, respectively, in the session so far. Shares of the company of <a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. quoted a 52-week high of Rs 6276.2 and a 52-week low of Rs 3300.0.
21.10 / 07:15
markets Blockchain Digital security Strategy community Schools New crypto presales to watch as Bitcoin eyes a bullish finish in 2024
While established altcoins benefit from strong communities, new projects have higher growth potential. That explains the hype surrounding crypto presales. Here are three new crypto ICOs to watch now.
21.10 / 07:15
markets Digital Strategy President Experts PAM Schools BJP 'biggest enemy' of farmers, Maharashtra demands 'maha parivartan': Mallikarjun Kharge
Congress president Mallikarjun Kharge on Monday claimed that the BJP is the «biggest enemy» of Maharashtra's farmers and asserted that the state has decided that farmers will benefit only by removing the double engine government from power. In a post in Hindi on X, Kharge slammed the BJP over farmer suicides in Maharashtra and said the promise of making the state drought-free is a «jumla» (rhetoric). «BJP is the biggest enemy of Maharashtra's farmers. 20,000 farmers committed suicide. Huge cut in funding in farming. Promise of Rs 20,000 crore water grid turned out to be false. Promise of making Maharashtra drought-free is a 'Jumla',» he said. Kharge also attacked the BJP over its «refusal to give compensation to the farmers» while insurance companies are being showered with Rs 8000 crore.
21.10 / 06:31
markets Strategy Experts reports Schools US says THAAD anti-missile system is 'in place' in Israel
U.S. military has rushed its advanced anti-missile system to Israel and it is now «in place», Defense Secretary Lloyd Austin said. THAAD, or the Terminal High Altitude Area Defense system, is a critical part of the U.S. military's layered air defense systems and adds to Israel's already formidable anti-missile defenses. «The THAAD system is in place,» Austin said, speaking to reporters before his arrival in Ukraine on Monday.
21.10 / 06:31
markets CEO Strategy Research Experts PAM Schools Mid and smallcap mutual funds record Rs 30,350 crore inflow in 6 months. An overcrowded trade?
mutual funds attracted around Rs 30,350 crore inflows during April to September of the current financial year. The continuous inflows in these categories were mainly due to high returns offered by these categories. According to the Association of Mutual Funds in India (AMFI), mid and small cap funds received inflows of Rs 32,924 crore during the same time a year ago. “Investments in mid and small cap funds should be made based on one’s risk appetite. It is important for investors to note that mid and small cap segments are highly volatile. While they can give exceptionally high returns in up markets, they can fall equally hard in down markets. Therefore, investors should take exposure in these funds in line with their risk appetite and invest only with a long-term investment horizon,” said Melvyn Santarita, Analyst – Manager Research, Morningstar Investment Research India
21.10 / 06:31
markets Strategy Experts Justice Department Schools Courts Had CJI prayed for other issues...: Congress' Udit Raj slams Chandrachud for 'prayed for Ayodhya dispute' remarks
Babri Masjid land dispute. Raj stated that if the Chief Justice had prayed for resolving other pressing concerns, such as ordinary citizens getting justice without financial burdens or the misuse of agencies like the Enforcement Directorate (ED), Central Bureau of Investigation (CBI), and Income Tax Department (IT), these issues might have also been addressed. This comes after CJI Chandrachud on Saturday had said that he sat before God (in his home) and asked him to find a solution to the vexed Ram Janmabhoomi- Babri Masjid dispute when the case came up before a bench led by Justice Ranjan Gogoi in which Chandrachud was one of the justices.
21.10 / 06:19
markets Target Platform Strategy trends audience social Gen Z: Brands chase 37.7 crore Indians for the $1.4 trillion money they may spend
Gen Z population, currently estimated at 37.7 crore, is reshaping the country’s consumer landscape. As more of them join the workforce, brands are scrambling to cater to this new, influential demographic that is expected to drive a substantial portion of India’s consumer spending. According to a joint report by Boston Consulting Group (BCG) and Snap Inc., Gen Z already influences a staggering 43% of household consumption, contributing $860 billion to the economy, of which $200 billion comes directly from their own earnings. Also Read: India’s ‘swipe-up’ generation set to swipe right on festive deals The report further estimates that by 2030, around 36% of India’s Gen Z will be part of the workforce, driving an impressive $730 billion in direct spending and a total of $1.4 trillion when including influenced spends. These figures make it clear why brands are working to position themselves as Gen Z favorites, as this cohort is expected to shape the future of consumer behavior in India.
21.10 / 06:19
Progressive security Strategy Deloitte pandemic country Vaccines Haryana polls strengthened expression of stability: PM Modi
stability with a mandate to his government for three consecutive terms and asserted that they strengthened this expression of stability in the recent Haryana Assembly polls. Addressing the NDTV World Summit here, he also said India has a «double AI» advantage and that when the power of 'aspirational India' and 'artificial intelligence' combines then it is natural for development to take place at a fast pace. Modi said India is a friend in times of crisis and cited how the country sent vaccines to scores of nations during the Covid pandemic. «India does not have 'taken for granted' relations, its relations are built on trust and reliability.When India moves forward there is no jealousy but world feels happy about it as its progress benefits the world,» the prime minister said.
21.10 / 06:19
UPS Provident Strategy Deloitte rights MahaRERA says conciliation forums resolved 1,749 or 32% homebuyers’ complaints so far
Conciliation Forums set up by the Maharashtra Real Estate Regulatory Authority (MahaRERA) has resolved over 1,749 matters between homebuyers and real estate developers across the state. With this, of the 5,958 complaints filed with MahaRERA, around 32% have been resolved through these 52 Conciliation Forums in the state, often leading to mutually agreed-upon settlements, MahaRERA said. Other states including Gujarat, Uttar Pradesh, and Haryana have also implemented similar initiatives and many other states are in discussions with MahaRERA to understand this initiative.
21.10 / 06:19
Strategy NVIDIA Deloitte IBM IBM releases new AI models for businesses as genAI competition heats up
IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalise on the surge in enterprises adopting generative AI technology. "Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that helps run models inside data centers after they have been customised.
21.10 / 06:19
Strategy Remark Deloitte President country voice testing 'Demanding sex detection': IMA President advocates for legalising prenatal gender tests
Indian Medical Association (IMA), has voiced strong support for the legalisation of prenatal gender determination tests. Dr Asokan said on Sunday that the existing prohibition has not significantly improved India's gender ratio over the past three decades. Since the enactment of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act in 1994, prenatal gender determination and sex-selective abortions have been illegal in India. This legislation was intended to combat female foeticide and enhance the sex ratio in the country.
21.10 / 04:15
markets Strategy community Experts PAM country shock King Charles heckled by lawmaker at Australian parliament
Lidia Thorpe shouted anti-colonial slogans at King Charles during his visit to the Australian parliament on Monday, shocking assembled lawmakers and other dignitaries. «Give us our land back! Give us what you stole from us!» Thorpe screamed in an almost minute-long diatribe, after the 75-year-old king's speech. «This is not your land, you are not my king,» the independent lawmaker said, decrying what she described as a «genocide» of Indigenous Australians by European settlers.
21.10 / 03:17
markets Digital Strategy Sustainability Deloitte reports Perplexity AI in funding talks to more than double valuation to $8 billion: report
Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar with the matter. The Nvidia-backed artificial intelligence (AI) company's estimated annualized revenue based on recent sales is currently about $50 million, the report added.
21.10 / 03:17
markets Digital Strategy awards Experts Celebrity PAM Isha Ambani steals the show in gold-button gilet and black skirt as she wins the ‘Icon of the Year’ award
Isha Ambani was recognized with the prestigious Icon of the Year award at the Harper’s Bazaar Women of the Year Awards 2024, held in Mumbai. The event, which celebrated her contributions to the entrepreneurial world, also highlighted her distinctive sense of style as she made a memorable appearance on the red carpet.
21.10 / 03:01
markets Digital Strategy Sustainability Deloitte reports strain Naomi Osaka season over because of injury
Tokyo: Naomi Osaka's season appears to be over after she said she will not play at next month's Billie Jean King Cup finals because of injury. The four-time Grand Slam singles champion said in Tokyo on Sunday that she had ruptured abdominal muscles. «I thought I strained my back, but I did an MRI in Beijing and they said that I bulged a disc in my back and I also ruptured abdominal muscles,» Japan's Kyodo News agency reported the 27-year-old as saying.
21.10 / 02:39
UPS Racing Strategy President show Courts Candidates step up their attacks after Trump erases Harris’s lead
Subscribe to enjoy similar stories. ATLANTA—Democrat Kamala Harris is courting a narrow slice of undecided, GOP-leaning voters while trying to turn out her party’s base in the final stretch of the presidential campaign, as Republican Donald Trump doubles down on his strongest supporters with off-script moments that have threatened to overshadow his closing arguments. People close to the campaigns believe the race is still too close to call a clear leader, with early voting under way.
21.10 / 02:39
UPS Gap Strategy Election War Interviews Headlines Donald Trump has the edge for now
Subscribe to enjoy similar stories. The question is simple: Who is going to win in November? The answer is complex, because it derives from a mix of many different trends and campaign efforts that must come together to produce a single result. At this point Donald Trump has an edge, but that edge could easily disappear.
21.10 / 00:01
markets Digital Strategy Sustainability Trade country guidelines Ministry may soon tap Cabinet for green flag on FTA SOPs as new guidelines nearly readly
standard operating procedure (SOP) for negotiating its free trade agreements (FTA) and address new issues — labour, environment, digital services, gender and indigenous peoples and has temporarily paused some new trade pacts. Officials said a review of India’s trade pact with the UAE in two years after it came into force and a rise in sustainability measures being imposed by the US and the EU, have led the government to develop a new FTA strategy. These guidelines will be based on reciprocity and stronger rules of origin to prevent Chinese products entering India by misusing any of the trade pacts. “The SOPs are almost ready and we will go to Cabinet for its approval,” said an official. The SOPs assume significance as India is negotiating trade pacts with the UK, the EU, Peru, Oman, Chile and a comprehensive trade deal with Australia.

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