Strategy Financial News

By Anna Tong and Krystal Hu

Tata Digital is exploring the integration of the operational structures of key group assets such as BigBasket, 1mg, and Tata Cliq to streamline operations, reduce costs, and enhance market responsiveness, said people familiar with the matter. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons. It is likely to float a proposal for the same later this week as part of its annual operating plan, the people told ET.

Nivruti Rai, managing director and CEO of the country’s investment promotion agency Invest India, is in the thick of things at a time when the government is going hammer and tongs to attract investments into the country and when Apple, Micron, VinFast and a slew of other companies are betting on manufacturing in India. In an interview with ET’s Dia Rekhi, Rai, a former Intel India head, talks about the countries and the sectors she is bullish on, her focus on increasing return on investment (RoI) for investors, and how her nearly three-decade-long stint at American chipmaker Intel is helping her in her new role and so on. Edited excerpts: How has been your transition from Intel to Invest India?

NFOs), many of which are sectoral and thematic in nature, and are now open for subscription as they look to capitalise on investor interest and garner more assets. Wealth managers, however, say that thematic offerings need constant monitoring and should be timed well, and investors should first build a core portfolio and subsequently allocate to themes, restricting allocation to 20% in equity portfolios. Among the thematic NFOs available in February are SBI Energy Opportunities fund, Quant PSU Fund, Kotak/Edelweiss Technology Fund, BNP Paribas Innovation Fund, Union Business Cycle Fund and Canara Robeco Manufacturing Fund. Distributors point out that as per regulatory guidelines, a fund house can have only one scheme in each category, prompting them to look for thematic funds where there are no such restrictions. Large fund houses are now eyeing thematic launches, having exhausted their diversified equity mutual fund category. «We believe investors can opt for thematic funds that have a differentiated strategy and have something unique to offer. Given government's thrust on solar/renewable energy and improving efficiency in the public sector, we believe such themes can work well,» says Viral Bhatt, founder, Money Mantra. Bhatt recommends SBI Energy Opportunities Fund and Quant PSU Fund.

Risk management and benefits firm Milliman is facing a trial in April over the alleged mismanagement of its own 401(k) plan.

Any RIAs who may be thinking of teaming up with venture capital or private equity firms to grow their firm may want to think twice.

A new partnership between philanthropy-focused fintech Charityvest and faith-based wealth firm OneAscent will allow the latter’s financial advisors and their clients to access a new charitable giving solution.

In an effort to enhance the range of investment options available across its network, Orion, a fintech provider that targets fiduciary advisors, is offering wider access to a suite of diversified strategies for affluent investors.

Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years.

investing strategy involves prioritising the purchase of assets experiencing upward momentum and selling them when indications suggest a weakening trend. The fundamental concept is rooted in the belief that trends exhibit persistence, implying that if a stock or asset is on an upward trajectory, it is more likely to continue rising than to abruptly reverse direction. Typically, momentum investors employ technical analysis techniques, examining charts and indicators like moving averages and the relative strength index (RSI) to pinpoint trends and potential entry or exit points.

investment decisions, carefully considering our risk profiles. The concept of patient, long-term investing unconsciously mirrors Darwin’s principles in evolutionary biology. Charles Darwin’s theory of evolution revolves around allowing time to shape future generations.

₹276 crore in FY23. While this figure may seem small in the context of the banking sector's total assets, the expanding digital landscape underscores the urgent need for durable strategies to fight cybercrime, ensuring consumer confidence and trust. In a joint effort, the Department of Telecommunications has blocked 140,000 mobile numbers involved in financial frauds, along with several lakh SIM cards.

AFP. The United States, Britain, France, China, Russia and members of the Southern African Development Community (SADC), a regional bloc, are among the countries that will benefit from this visa waiver.

Bitcoin maintains a bullish trajectory, trading near $48,500 on Monday, underscoring a positive outlook for Bitcoin price predictions. Amidst evolving market strategies, Kraken’s executive decision to bypass Super Bowl LVIII advertising highlights a shift from broad, hype-driven exposure to a focus on educational outreach within the cryptocurrency realm.

Unilever CEO Hein Schumacher said billionaire activist and board member Nelson Peltz is «fully behind» a recently devised strategy to re-invigorate the company, even as some other investors remain sceptical after years of industry underperformance. Schumacher told Reuters he wants Unilever, whose brands include Dove soap, Hellmann's condiments and Ben & Jerry's ice cream, to chart a «systematic» marketing strategy for its top brands.

Stock market today: Apeejay Surrendra Park Hotels share price today listed on BSE and NSE delivering around 20 percent return to the lucky allottees. However, the stock soon came under sell-off pressure after the profit-booking trigger.

₹17,000 crore against the budgeted ₹19,000 crore, the next year will see it further slashed to ₹12,000 crore. The big inclusion in the interim budget for 2024-25 is ₹205,250 crore for free foodgrains. The pre-poll strategy of displaying fiscal restraint while continuing with handouts was made inevitable by the repeated economic shocks to the rural economy: demonetization, the covid pandemic and an inflationary surge over the past 18 months, all of which have resulted in suppressed rural incomes and demand.

BSE Sensex surged by 167 points to reach 71,595, while the Nifty 50 climbed by 64 points to hit 21,783. This movement was accompanied by the formation of a bullish candlestick pattern with a lower shadow on the daily charts, suggesting a strong buying interest at lower levels. Additionally, the index maintained its position above the 21-day EMA (exponential moving average) at 21,670, which could act as immediate support for the index.

ESG funds have been around for a while, the good news is that their scope has widened in the recent past. Earlier each mutual fund house was permitted to launch only one scheme under the ESG category. The capital markets regulator Sebi, in a circular issued in July last year, gave a green signal to multiple ESG schemes, so long as they are launched with different investing strategies.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

Amit Shah has asked Karnataka’s BJP unit that it must win all 28 Lok Sabha seats in the upcoming elections with a 10% increase in the party’s vote-share at each booth compared to 2019. The political environment across the country was favourable to the BJP. The State unit must work hard to convert Prime Minister Narendra Modi’s popularity into votes with increased vote-share, Shah said, at strategy meetings he held in Mysuru with the BJP core committee leaders as well as with the cluster leaders of Mysuru-Kodagu, Mandya, Hassan and Chamarajanagar Lok Sabha seats. Shah’s meeting to get the election preparations rolling comes amid Chief Minister Siddaramaiah and Karnataka Pradesh Congress Committee (KPCC) President DK Shivakumar targeting to win 15-20 seats on the back of five-guarantees it has rolled out.