Strategy Financial News

By Aditya Soni

(Reuters) -General Motors' robotaxi unit Cruise is planning to re-launch in one city, the company said on Wednesday.

Unsecured retail loans are likely to see slower growth of 20-30% compared to 45% last year, as non-banking financial companies (NBFCs) alter their strategies due to the recent regulatory measures issued by the Reserve Bank Of India, said Crisil Ratings. «The recent regulatory measures are targeted at unsecured retail loans and do not impact the secured asset classes where growth is expected to be steady», said Gurpreet Chhatwal, managing director at Crisil Ratings.

Sam Altman's return as OpenAI's chief executive will strengthen his grip on the startup and may leave the ChatGPT creator with fewer checks on his power as the company introduces technology that could upend industries, corporate governance experts and analysts said. OpenAI is bringing Altman back just days after his ouster as well as installing a revamped board that could bring sharper scrutiny to the startup at the heart of the AI boom, but strong support from investors including Microsoft may give Altman more leeway to commercialize the technology.

Adani Wilmar Ltd for $2-2.2 billion, two people aware of the development said. No single entity is expected to acquire the stake on offer, and the Adani group may farm out shares in the edible oils maker to multiple buyers, the people cited above said on condition of anonymity. “Apart from Wilmar, there are at least four global funds who are keen to buy Adani’s stake in Adani Wilmar, and the plan is to finalize the deal before the end of FY24," the first person added.

OpenAI and his triumphant return in five days could make it to business school curricula, offering valuable lessons on leadership, loyalty and valuations. The OpenAI whirlwind started on Friday with the abrupt dismissal of co-founder and chief executive officer (CEO) Altman, who enjoys a cult-like status in the technology world. President Greg Brockman quit as well, prompting hundreds of employees to threaten resignation, and triggering an outcry to bring Altman back.

₹9 crore on establishing a production facility, a base factory, and warehousing in Delhi. This facility will initially cater to the Delhi-NCR. In the development phase, the focus will be on expanding to other markets, starting with Hyderabad and Bengaluru, said Hemant Bahri, founder and managing director of Bahri group, which has interests in the real estate sector in south India.

NEW DELHI : Online self-publishing and audiobook portal Pratilipi, which has diversified from text to audio and now comics, has found a bunch of mainstream partners to churn out different versions of its successful stories. From Disney+ Hotstar and Audible, the online audiobook service owned by Amazon, to music label and film production house T-Series, the company believes in keeping intellectual property (IP) at the centre of its strategies and leverages its literature to bring out podcasts, comics and, now, web series.

Value investing: One of the soundest approaches to investing, the value investment philosophy is both simple and profound. It is the practice of buying stocks of sound businesses at a discount to their intrinsic value. An objective approach to value investing requires investors to make their investment decisions based on business fundamentals and research.

LandRocker stands out in the growing Play-to-Earn (P2E) space, offering a unique blend of adventure, strategy, and crypto.

India, November 22, 2023: Fintellix, a leading provider of regulatory compliance and risk management solutions, is thrilled to announce the appointment of Mr. Ashok Narain as Senior Advisor at Fintellix. With an illustrious career spanning more than 33 years, Mr.

New Delhi (India), November 21: We know that the term digital marketing is not new to you. The digital landscape is constantly thriving as businesses keep pushing boundaries to stand out. In order to make their mark, businesses often turn to professionals.

OpenAI, a nonprofit, has seen an amazing corporate battle playing out over the past few days. Last week, the Board summarily sacked CEO Sam Altman and President Greg Brockman. Both are co- founders.

Scott Shleifer, New York-based Tiger Global’s head for private investments – who also oversaw India investments which had his firm backing – is stepping down from his role at the fund, founder Chase Coleman told limited partners (LPs) in a letter, according to media reports. He will take on a new role as adviser to the fund, effective January 1.

With CEO Nilesh Satpute at the helm and a 400-plus employee strength, ACC has a strong track record of innovation and success in the technology services market. Securing coveted titles of ‘Best BFSI Industry Consulting Partner’ conferred by Amazon Web Services (AWS) and recognition as the ‘Best Application Modernisation Platform for Banking and Insurance Companies,’ the company has worked to solidify its position as a trusted industry leader in cloud services and technology solutions.

companies that champion hybrid and flexible work options are increasingly focusing on employee engagement initiatives to reduce the disconnect and boost productivity. Company executives ET spoke with said the “disconnect” is not only impacting collaboration and productivity, but also leading to lack of bonding. The employee engagement initiatives are seen benefiting all, especially the younger workers who had taken up their first job around the time people were asked to work remotely due to the pandemic, they said. NatWest Group, Tech Mahindra, EY, and Capgemini are among the companies that have launched a host of initiatives, including frequent team catch-ups, in-person group sessions, “fun-at-work” and sports events, and assigning “buddies” to the new employees--all aimed at promoting cohesiveness at work and improving productivity. For instance, NatWest Group has so far organised more than 40 in-person group sessions for employees who joined during the pandemic. “We realised that the 7,000-plus colleagues who joined us virtually during the pandemic had missed the opportunity to deepen relationships and build connections,” said Maneesh Menda, head of human resources, international hubs, NatWest Group.

Dinshaw Irani, CIO, Helios MF, says “the RBI circular on raising risk weightages for various lending, made banks go back to the pre-Covid levels. The only thing was they came down heavily on the NBFCs rather than anything else. So that is the good part about the RBI move. I think they have done a wonderful job in controlling the asset quality within the system as such. That is one thing one should look out for. ” Have you picked anything up or looked at any interesting companies? There have been a lot of debuts this week? I would not like to comment on this, since now we are running a mutual fund, but I do not think we are too excited in the IPO market as of now. I would stay away from that. What else are you avoiding completely, where you say valuations are higher even though business is good? Basically, FMCG is one area which one needs to avoid. I do not think sustenance of 60-70 PEs for most of these stocks – I am talking about one-year forward PEs – is possible, given that even the rural markets are not firing and the growth rates are in low teens or even high single digits as such. So, that is one area that you need to avoid.

Tata Technologies Ltd, Flair Writing Industries Ltd, Fedbank Financial Services Ltd, Gandhar Oil Refinery India Ltd, and Indian Renewable Energy Development Agency Ltd. This has led to many questions about IPOs. Livemint answers questions like how to apply for an IPO, what to keep in mind while buying an IPO and more.

mutual funds, it is essential to have a well-balanced investment portfolio. One key decision that investors often struggle with is the right allocation between mutual fund lumpsum and SIP (Systematic Investment Plan). A lumpsum investment is beneficial when an investor has a sizable amount of money available to invest.