Strategy Financial News
30.08 / 04:41
UPS
Citi
Strategy
Metro
MCD
Inside
G20 Summit: Langur cut-outs deployed along G20 routes to deter monkeys
The Hindustan Times citing senior officials, the municipal authority intends to employ 40 skilled personnel to replicate the vocalizations of grey langurs. This strategy aims to discourage monkeys from approaching hotels and venues linked to the G20 Summit. NDMC vice chairman Satish Upadhyay noted that these temporary steps are being taken in coordination with the Delhi forest department to ensure that monkeys remain inside the Ridge and do not cause disruptions to the motorcades of dignitaries.
30.08 / 04:31
UPS
Citi
Digital
CEO
Strategy
Celebrity
track
Takeaways from ET Soonicorns Summit 2023: Celebrating future unicorns, maritime startups, spacetech, deeptech and more
Amidst this backdrop of a burgeoning startup ecosystem, the Bengaluru edition of the ET Soonicorns Summit 2023, held on August 26, 2023, served as a confluence of visionary leaders, entrepreneurs, investors, and stakeholders, all driven by the common goal of shaping India's technological trajectory.
30.08 / 04:31
Strategy
show
Bharat Petroleum Corporation: Bearish to sideways
By Sahil SwaroopBharat Petroleum Corporation’s daily trend is bearish to sideways. The RSI for monthly, weekly and daily is showing bearish momentum.
30.08 / 03:53
UPS
Lowe's
Digital
Booking
Gap
Strategy
Positive on specialty chemicals, real estate pack: Shibani Sircar Kurian
Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra Asset Management, says “our valuations are slightly above long term averages. We do expect to contend with some degree of volatility in the near term. Of course, if there is any correction in the market, as long as earnings delivery continues, that would possibly be an opportunity. But at this point in time, we believe that given that valuations are somewhat elevated, markets could see some degree of volatility.”What is your take on a very boring market? Is it the time to consolidate and look at the bets that you want to add in your portfolio? If you look at it in two parts, we have nothing to complain about the terms of the fundamentals and the delivery on the earnings side. Even in the earning season gone by, the overall earnings trajectory for the broader market was largely in line with estimates and there have been no major earnings downgrades for both FY24 and FY25. So the earnings trajectory remains fairly healthy. However, we have to contend that today in the markets valuations are not cheap and are above long term averages. Whether you look at price to earnings, you look at price to book, you look at yield gap, or market cap to GDP, on every parameter, the market is telling you that valuations today vis-à-vis long term averages are above the mean level.
29.08 / 21:11
COST
UPS
Provident
Strategy
September 30 last date to exchange ₹2000 at banks; check list of bank holidays next month
₹2000 banknotes after the Reserve Bank of India (RBI) removed them from circulation on 19 May 2023. The Reserve Bank had given nearly four months to deposit or exchange notes worth ₹2000. Banknotes in the denomination of ₹2000 must be exchanged or deposited by September 30, 2023.
29.08 / 18:55
UPS
Target
Progressive
Extreme
Strategy
Premium
Hero to expand its premium portfolio
Hero MotoCorp, which has a strong presence in the commuter or entry-level motorcycle segment, is swiftly expanding its presence in the premium segment of motorcycles up to 440cc, said chief executive Niranjan Gupta. On Tuesday, Hero reintroduced its Karizma series with the Karizma XMR 210, priced at ₹1.70 lakh ex-showroom. It comes on the heels of the Harley Davidson X440, developed indigenously as part of its joint venture with Harley Davidson.
29.08 / 18:49
29.08 / 18:35
UPS
MET
Booking
Strategy
Enterprise
country
‘Certain NBFCs should be allowed to raise deposits’
₹1.2-1.3 trillion. Ajay Piramal, chairman and executive director, Piramal Enterprises, said if the Reserve Bank of India (RBI) allows certain non-banking financial companies (NBFCs) to accept public deposits, it will lessen their dependence on bank funding. Edited excerpts: Earlier, NBFCs used to have some advantage; there was a little more loosening in terms of RBI control compared to banks.
29.08 / 18:11
29.08 / 17:55
Provident
Aware
Strategy
show
1.3m Australians may be paying tax they don’t have to
More than 1 million older Australians may be paying extra tax on their superannuation even though they are eligible for a tax-free pension account.
29.08 / 17:03
29.08 / 17:03
29.08 / 16:55
Target
Aware
Strategy
Sickle Cell Anaemia: Govt launches initiative to train grassroots workers to raise awareness on disease
grassroots workers and enable them to raise awareness about sickle cell anaemia, particularly in tribal regions. Announced in the 2023-24 budget, the National Sickle Cell Anaemia Elimination Mission targets the eradication of the disease by 2047. The comprehensive strategy involves public awareness campaigns, the screening of 7 crore individuals aged 0-40 in affected tribal areas, and counselling.
29.08 / 16:43
Digital
ETF
CEO
Platform
Strategy
Remark
Bitcoin
Jacobi Asset Management Introduces Europe's First Premier Bitcoin ETF with a Green Initiative
Jacobi Asset Management has unveiled Europe's inaugural spot Bitcoin ETF on Euronext Amsterdam. This ETF, named the Jacobi FT Wilshire Bitcoin ETF and trading under the ticker BCOIN, stands out as the first digital asset fund in compliance with SFDR Article 8, thanks to its decarbonisation strategy.
29.08 / 16:39
29.08 / 16:13
Blockchain
COST
Provident
BLOCK
Strategy
show
10 ways traditional companies can benefit from partnering with blockchain projects
Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the possible benefits.
29.08 / 16:03
UPS
Progressive
Strategy
COMPOSITE
NIFTY
country
Young board members bring unique value to the table
Leadership Initiative. As a chief executive officer in one of the world’s most exciting and rapidly changing economies, India, one is faced with a multitude of challenges. With other economies slowing down, an exponential rate of technological progress and a shifting culture in a post-pandemic business environment, it is imperative to remain ahead of the curve.
29.08 / 13:49
UPS
CEO
Strategy
Harley-Davidson
country
exclusive
Premium
play
Hero MotoCorp lines up new products; plans sales infra upgrade for premium play
Hero MotoCorp plans to roll out new models and ramp up the sales network as it looks to have a substantial market share in the premium bike segment in the domestic market, CEO Niranjan Gupta said on Tuesday. The country's largest two-wheeler maker currently has just 4-5 per cent market share in the premium bike segment which has been growing at a rate of 20-25 per cent per year. The company, which is a leading player in the entry-level and commuter segments below 150 cc, is looking to introduce a new product every quarter in the next one year to ramp up its presence in the 150cc to 450cc bike segment. «The game for us (premium segment) is just starting.
29.08 / 13:49
UPS
Provident
Digital
Strategy
Gillette
country
Gillette sales up 12%, PAT grew 36% during June quarter
Gillette India Limited (GIL) posted a 12% increase in sales during the quarter ended June to Rs619 crore, attributing it to strong brand fundamentals and superior retail execution. Profit after tax (PAT) for the quarter was up 36 per cent to Rs92 crore. During the year ended June, the country's biggest shaving products maker posted sales of Rs 2477 crore, up 10% versus a year ago, despite unprecedented headwinds from macroeconomic challenges and commodity inflation during the year.
29.08 / 13:37
CEO
Platform
Strategy
Pool
Jobizo Partners with IFANglobal to Help Healthcare Professionals
Jobizo has announced its transformation into a global healthcare powerhouse following the successful transfer of business from IFANglobal, a company known for its worldwide healthcare recruitment and training business. With this move the company aims to expand its global reach and talent pool, enabling healthcare organizations to match with more than 10,000 professionals on the platform.
29.08 / 12:27
COST
Reuters
Manufacturing
Strategy
Xiaomi
track
Xiaomi revenue drops but EV strategy ahead of schedule
Xiaomi Corp reported a 4% revenue drop in the second quarter, tracking a shrinkage in China's handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to 67.4 billion yuan ($9.2 billion) from 70.17 billion in the same quarter a year earlier, but beating analysts' estimates of 65.13 billion. Net income rose to 5.14 billion yuan over the period, an increase of 147% from 2.08 billion yuan a year earlier, also beating expectations. The company put the increase down to cost cutting and efficiency improvements, particularly in its physical stores. «Despite the macroeconomic headwinds in the global market we continue to expand our footprint,» Xiaomi President Lu Weibing said on an earnings call. «Several of our peers already exited from certain areas in this challenging environment, but no matter how hard it will be we will reinforce our presence across regions and markets,» Lu said. Consumer demand in China's smartphone market continued to shrink in the second quarter, dropping 5% to 64.3 million units, according to Canalys, a consultancy that tracks the smartphone industry. Xiaomi's shipments declined by 19% to 8.6 million, while in major overseas market India, shipments fell 22% to 5.4 million units, Canalys said. In light of declining handset sales, Xiaomi is planning to move into the manufacture of electric vehicles (EVs) and has received approval from China's state planner, Reuters reported this month. The company has pledged a $10 billion investment over a decade in the automobile business. Lu said the company's plans to start mass production of EVs in the first half of 2024 remains unchanged.
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