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In the IT services industry, Accenture doesn’t just make waves—it can create storms that either lift the boats of competitors or send them into a whirlpool. This past week, JPMorgan and other equity analysts have been mulling the fact that Accenture has issued a weaker than expected forecast. There has been a meaningful cut by the firm of its constant currency revenue growth guidance from 2–5% to an anaemic 1–3%.

₹25 lakh. Currently, India has 10 SFBs, many of which started their journey as microfinance institutions or MFIs. “One of the suggestions was to replicate the cooperative bank strategy, where it is called just a bank, and the word ‘cooperative bank’ is mentioned below the name," said the chief executive officer (CEO) of an SFB who attended the meeting with the RBI officials.

WealthVest has deployed a new nationwide distribution team to focus on its partnership with life insurance and annuities firm Aspida.

Inside Eastman Kodak Co., the once iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job.

Mint in an interview. He added that this is an important region that the company is focusing on and has a lot more plans to further double down in India. As part of its strategy, the company will introduce some new products, including its pre-mix insulin drug Soliqua, and Xenpozyme, which is used to treat late-onset pompe disease.

credit score is different across credit bureaus such as CIBIL, Equifax and Experian? For instance, what if your CIBIL score is 760 whereas the one on Equifax is 740. Is this possible and if yes, why? Well, credit score ranges can certainly vary, albeit slightly, among different credit bureaus, but they fall within similar ranges. The most common credit scoring model is the FICO score, which is between 300 and 850.

Prisma Finance is actively responding to a recent security breach that led to a loss of $11.6 million, focusing on a recovery strategy.

Union Home Minister and Minister of Cooperation Amit Shah is all set to fulfill a range of obligations in Karnataka, including participating in a road show, scheduled for Tuesday. During his day-long busy schedule, Shah will address the Sakti Kendra Pramukh Sammelan at Palace Ground in Bengaluru on Tuesday morning. The event is aimed at bolstering grassroots leadership and organizational strength ahead of Lok Sabha elections. Following the engagement, Shah is scheduled to convene a Core Group Meeting of the BJP in Bengaluru to discuss key policy matters and strategies for the region.

Messaging app Telegram announced Sunday that in-app advertisements can be purchased using Toncoin, the TON blockchain’s native crypto.

In the bustling landscape of cryptocurrency markets, many new projects are fighting for investors’ attention. Some of them, like meme coins, are just hype with little substance. But others emerge as frontrunners, distinguished by their robust conceptual frameworks and tangible utility. The revolutionary strategies of distinct projects can lay a solid foundation for potential hefty returns. 

Himanta Biswa Sarma has taken a swipe at AIUDF supremo and Dhubri MP Badruddin Ajmal, subtly addressing his recent comments regarding the possibility of remarriage amidst ongoing discussions on the uniform civil code (UCC). Sarma's response came after Ajmal's retort to Congress's Dhubri candidate Rakibul Hussain, who referred to Ajmal as an «old tiger.» In response, Ajmal, who is in his 70s, quipped, «I am not so old. I can marry again.» Capitalizing on the moment, Sarma indirectly referenced Ajmal's statement, highlighting the AIUDF leader's opposition to UCC. The Chief Minister announced over the weekend that Assam aims to implement UCC shortly after the current Lok Sabha elections, potentially including measures against polygamy, which could pose legal challenges for Ajmal if he proceeds with additional marriages.

mutual funds and the prevailing conditions in the stock market. According to the Sebi mandate, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds. Also Read |Inflows in equity mutual fund categories surge up to 75% in FY24. Here is break up

So what explains the sluggishness in stock prices of this sector? Analysts attribute this to the rising competition from regional players, slow rural market growth and inflation. But with stocks trading at reasonable valuations, rural growth set to pick up from the second half of the year and ebbing raw material prices, it may be time to reassess these companies’ prospects. FMCG firms enjoy lower cyclicality of earnings, strong cash flows, and excellent corporate governance. Usually, the broader market cycle is complete when profits peak, valuations become expensive (cyclicals and defensive valuations converge), cyclicals melt and rate cuts begin. “We might be at this juncture now. The next churn is likely to be in underperforming quality sectors—private banks, insurance and FMCG—the traditional defensives offering earnings resilience in a downturn,” states a Nuvama Institutional Equities report.

As investors scour the globe for undervalued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets.

India as part of its supply chain diversification strategy. In an interview with Viswanath Pilla, Elie Chaillot, president & CEO of GE HealthCare International, called on India to simplify tax structure, give adequate reimbursement schemes and easy financing to spur expansion of the Indian healthcare market and attract more investments. Edited excerpts: What makes you hedge your bets on India, which is a smaller market for your products? We think of India as a market and this market is growing in double-digits every year; it's going to continue to grow. We also think of what India can offer in terms of qualified human resources, and competitiveness of 'Make in India'.

Last fortnight, Boeing’s airline customers sent two clear messages when they asked to meet with the planemaker’s directors without its chief executive officer David Calhoun. The first was that they had lost confidence in Calhoun and his deputies. No matter where you fall on the organization chart, it’s never a good sign when a client wants a tête-à-tête with your boss and doesn’t invite you along.

—Name withheld on request In today’s digitally interconnected world, our reliance on online transactions for personal and business purposes exposes us to increasing cyber threats. As an entrepreneur dealing with multiple online transactions, your concerns are valid. Safeguarding this private and sensitive data is imperative.

Income Tax Act is the primary provision addressing tax evasion in India. This section specifies the penalties for individuals intentionally trying to evade taxes, which can range from imprisonment to fines. The magnitude of the penalty is determined by the amount of tax evaded.

The Economist’s parent company.) Trustbusters are not blind to these developments. Regulators on both sides of the Atlantic are already probing some of the recent tie-ups that fall short of full acquisitions.

brands in India focusing on Generation Z are increasingly including Snapchat in their advertising strategy, as they look to use the appeal of the platform’s filters and visual-first approach to nudge buyers in this age group to spend more. Although Instagram and YouTube remain the platforms of choice for mass digital advertising, Snapchat is increasingly becoming the social messaging app that brands are using to focus on Gen Z, or people in the age group of 12 to 27 years. «I see more and more brands which are targeting Gen Z utilising Snapchat in their advertising strategies, especially brands like Tira, Lakme and MamaEarth,» Srikant Rajasekharuni, CEO and co-founder of Red Matter Technologies (RMT), told ET. India has Snapchat’s largest audience. In May last year, Snapchat had said its monthly active users in the country had topped 200 million. India also leads as the country with the largest Snapchat advertising audience, ahead of the US, Pakistan, France, and the UK, according to WARC's latest platform report. «Snapchat has emerged as one of the best platforms to reach out to Gen Z in a captivating manner, not just for impressions sake but because of all their engagement tools, such as filters, which is why it is becoming more important in the media and advertising mix of brands,» Rajasekharuni said.

BONK and WIF are on a volatile journey with the prospect of further corrections threatening to stagnate their journey ahead. Despite the significant market cap they gained during the recent bull run, they have little steam left.