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RBI Deputy Governor M Rajeshwar Rao on Thursday asked the National Bank for Financing Infrastructure and Development (NaBFID) to develop a sustainable business model not dependent on government support. Speaking at a NaBFID event here, Rao said such a self-sustainable model has to evolve over the medium term, which also doesn't depend on regulatory dispensations as well. «It is also necessary that over the medium-term, plans for self-sustainable operations, under a business model that is not reliant on continuous government support, or regulatory dispensations would need to be in place,» Rao said, addressing a conference on infrastructure. He added that the dynamic nature of our times necessitates «agile strategies for institutions with a focus on sectors prioritised by the government».

Norfolk Southern says it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate

Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts

India's top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. Use of electric vehicles (EVs) has grown rapidly in recent years to account for 2% of India's annual sales of 4.2 million cars, but sales growth is now faltering, which analysts blame on high prices and lack of charging facilities. «We want to make electric vehicles affordable,» Satinder Singh Bajwa, chief commercial officer of MG Motor, said at an event to launch the firm's new EV with a battery rental service, the world's first of its kind.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

The prank unfolded when Niharika left her laptop unattended. Her colleagues seized the opportunity to craft a humorous message that appeared to come from her. The message, which was sent to an entire Slack channel, read: “Hey guys, sharing a life update, getting married in February. Please keep 5 PM free for a small brownie party.”

Air conditioning company Carrier wants to repeat its China playbook in India by adopting a similar strategy, according to a top executive. “Our strategy is to be in India for the long run,” said Saif Siddiqui, president-APAC at Carrier. “We have been in India for 40 years. We have been in China for many, many decades. We have localised to a large extent in China. In fact, the playbook we are talking in India, we have lived it in China in terms of supplier ecosystem localisation and investing in both R&D and manufacturing to get ourselves the local market.” The Florida-based company plans to invest $800 million in India in the next five years, topping up a $1 billion investment made over the past decade, chief executive officer David Gitlin had told ET in October.

Anshul Saigal, Founder, Saigal Capital, says he follows Druckenmiller. One thing that Druckenmiller says is that when you are having a good year, the tendency is to book profits and hold cash or be defensive, but it is then that you should be stepping on the pedal and going for the home run. Given how this year has gone, the tendency by now is to hold cash and take some profits off the table. But a smart investor should press on the pedal because, between now and year-end, certain segments of the market may deliver outsized returns even from here. What do you make of the market setup? Everything is going our way. First it was crude price, then flows and now the recovery in rural India. Anshul Saigal: Yes, it is an interesting market. Rural economy has been weak for the better part of the last four years. Individual households have been filling their pockets, ensuring that their savings are recovered before they go out and spend and for that reason that market has been weak. But we are at a cusp, we believe at this moment, where this market is likely to turn. Initial signs have been seen over the last two quarters in company results.

Taher Badshah, CIO, Invesco Mutual Fund, points out that the broad triggers for the entire PSU space moving up and the valuation tables expanding irrespective of the sector that they belong to, are perhaps behind us. We now have to deal with the delivery on earnings In the first flash, everything gets re-rated but once the dust settles down, the second phase of execution, performance, and delivery starts to come in. That will probably happen in the PSU space, particularly in the industrial space/the defence sub-segments of the industrial space. Markets will start differentiating between good quality execution and not so good quality execution. You are managing PSU stocks. How are you approaching them given that a time-wise and a price-wise correction has kicked in? Taher Badshah: As far as our PSU strategy and our PSU fund is concerned, it is a strategy that has been around for a very long time.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Avenix Fzco, a financial technology company based in Dubai, has developed a new forex robot called Avexbot. This expert advisor (EA) is designed for use on the MetaTrader 4 (MT4) platform, focusing on the GBPUSD currency pair with a 15-minute timeframe. Avexbot utilizes candlestick analysis on daily charts to identify market trends and determine optimal entry points for buy or sell positions.

When Kevin Plank took back the CEO job this year at Under Armour, he said the sportswear brand he founded had suffered from executive turnover and strategy shifts. “My top priority is to bring clarity and stability to our business," he told investors in May, when Plank also warned them that the company’s sales would drop at least 10% this year. The 52-year-old billionaire had never left the company he started nearly 30 years ago.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

avoid the fate of Micromax? Why is the Indian consumer suddenly falling out of love with smartwatches? The one-word answer is fatigue. The focus on one’s health in the aftermath of the pandemic saw a large part of the population take to an active lifestyle. Smartwatches that helped measure your daily calorie burn, step count, heart rate monitor and sleep pattern analysis, became a much sought-after accessory.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Sensex and Nifty rose for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and by pharma stocks following a tax cut on certain cancer drugs. The 30-share BSE Sensex surged 362 points, or 0.44%, to close at 81,921, while the broader NSE Nifty advanced 105 points, or 0.42%, to settle at 25,041.

Pratham and Vision portfolios have delivered returns of 47% and 42%, respectively. In comparison, the BSE 500 has returned 41% and the NIFTY 50 has returned 31% over the same period” says Riya Oswal Bafna- Co-Fund Manager at Purnartha. In an interview with ETMarkets, Riya said: “We have expanded our investment process to incorporate two additional drivers beyond volume growth, aiming to enhance our portfolio's performance and adapt to changing market conditions” Edited excerpts:

In the fast-paced world of cryptocurrency trading, every millisecond counts. UnTrade, the cutting-edge algorithmic trading platform, is setting new industry standards with its exceptional performance metrics, leaving manual trading in the dust and outpacing competitors.

Signs of angst are already mounting. A three-month measure of implied volatility for a key Bloomberg dollar gauge is near its highest mark since the March 2023 banking crisis. Equities’ so-called fear gauge is once again on the upswing after surging amid the market tumult of early August. Fixed-income traders are also weathering more turbulence, as mixed economic signals complicate bets on the scope and timing of Federal Reserve interest-rate cuts.

As part of his role, Forsyth will be responsible for developing and expanding Lazard's active ETF platform, working closely with the leadership team to build on the offering, and will report to Jennifer Ryan, head of North American distribution. Prior to joining Lazard, Forsyth spent more than a decade at State Street Global Advisors, the investment management arm of State Street, most recently as its global head of ETF strategy. Lazard AM expands private markets offering with launch of Listed Private Markets fund Evan Russo, CEO of Lazard Asset Management, said: «Rob has distingui...

Also Read: Heavy showers could rain on agrochemical firms' parade in Q2 Meanwhile, PI has made an offer to acquire Plant Health Care (PHC) plc, a UK-based company in the crop protection business, for £32.8 million (about ₹360 crore). However, PHC’s current contribution to revenue would be a mere 1.3%.