Strategy Financial News
24.08 / 01:15
24.08 / 01:15
Aware
Strategy
country
foreign
Taxman takes affidavit route to uncover undisclosed foreign assets
offshore assets. Till now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, often made in letterheads of their chartered accountants and lawyers. Later, if tax officials called their bluff, such plain submissions gave them the leeway to escape harsh consequences. That ploy would no longer work.
24.08 / 00:53
BLOCK
Waters
Strategy
stage
concert
Latin
Backed
Chinese-backed port project in Peru to be the 'gateway from South America to Asia,' official says
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions
23.08 / 23:55
COST
Provident
Aware
Manufacturing
Strategy
Caseys
performer
Industry, finance unearth cost of embodied carbon
This content is produced in commercial partnership with NAB
23.08 / 22:07
Provident
Digital
CEO
Platform
Strategy
Align
performer
Coinrule Unveils AI-Driven Marketplace to Simplify Automated Trading
Coinrule, a prominent automated trading platform, has announced the launch of its innovative Marketplace, a feature designed to enhance the trading experience by leveraging Generative Models like GPT. This addition aims to make automated trading more accessible to both seasoned traders and beginners.
23.08 / 21:27
UPS
Provident
ETF
SEC
Strategy
Morningstar
Single-bond ETF manager goes against current by asking SEC for mutual fund share class
A boutique fund manager with a line of single-Treasury-bill ETFs is trying to follow in Vanguard’s footsteps — but in reverse — hoping to add a mutual fund share class to the products.
23.08 / 20:15
Target
CEO
Strategy
David Canter stepping down as president of Bluespring
David Canter is stepping aside as president of Bluespring Wealth Partners just one year after joining the firm.
23.08 / 19:43
Provident
FIVE
Reuters
Cooper
Landmark
Strategy
country
US seeks six-month extension to science agreement with China
China so that it can undergo negotiations with Beijing to «amend and strengthen» the landmark deal, the State Department said on Wednesday. For over 40 years, the agreement between the two countries has yielded cooperation across a range of scientific and technical fields, a powerful sign that the rivals could set aside their disputes and work together. The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years since, has resulted in cooperation in areas from atmospheric and agricultural science to basic research in physics and chemistry. But concerns about China's growing military prowess and theft of U.S. scientific and commercial achievements have prompted questions about whether the Science and Technology Agreement (STA), set to expire on Aug. 27, should continue. «This short-term six-month extension will keep the agreement in force while we seek authority to undertake negotiations to amend and strengthen the terms of the STA. It does not commit the United States to a longer-term extension,» a State Department spokesperson told Reuters.
23.08 / 19:11
Target
Manufacturing
CEO
Strategy
country
Thomson to get its laptops to India; plans local production
Thomson is planning to enter the laptop market in India, with the company close to finalising a Noida-based contract manufacturer to make the devices locally, said a senior executive. “Thomson will be coming in a big manner in the laptop category. This decision has been made to counter laptop brands which have come in smart TVs.
23.08 / 18:41
Target
Digital
Platform
Strategy
Metro
beautiful
electronic
QIA to invest ₹8,278 crore in RIL’s retail arm for 0.99%
NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021.
23.08 / 18:41
Blockchain
Digital
Strategy
Accenture
Simulation
voice
‘Everything you do will be replicated by a computer’
Bengaluru: Marc Carrel-Billiard, who recently visited India, serves as a senior managing director at Accenture. He heads Accenture Technology Innovation, the R&D Labs, Accenture Strategic Growth Initiatives, Accenture Studios and Accenture Ventures. In his 25-year tenure at the company, he has pioneered technology, particularly in voice recognition, knowledge-based systems, and neural networks.
23.08 / 17:55
Provident
Waters
Strategy
Remark
show
stage
country
Saving water should be part of dev strategy: Shekhawat
India should prioritize water conservation to make it an integral part of its development strategy as it emerges as one of the world’s fastest-growing economies, jal shakti minister Gajendra Singh Shekhawat said on Wednesday. “With India being one of the fastest growing economies in the world today, it is imperative for the country to show seriousness towards increasing use of water and its conservation to move forward with its developmental pursuit," the minister told the Mint sustainability summit. India, with 18% of the global population, possesses a mere 4% of the world’s potable clean water resources, setting the stage for a looming crisis.
23.08 / 17:41
UPS
AXY
Strategy
performer
folk
How Axis Mutual Fund plans to turn around its ship now
New folks at the helm Early this year, B. Gopkumar took over as the chief executive officer (CEO) and Ashish Gupta as its new chief Investment Officer (CIO) . This was followed by the exit of Jinesh Gopani as head of equity in August.
23.08 / 17:41
FIVE
Strategy
AMR
show
cover
AMR risk surged after pandemic: study
NEW DELHI : The number of reported antimicrobial resistance (AMR) cases spiked more than 4.5 times from 25,833 in 2017 to 119,686 till December last year, a report by the health ministry showed. AMR is recognized by the World Health Organization as one of the top 10 global public health threats. The data indicated a rise in such resistance in India as antibiotics have started to fail in patients, resulting in a public health threat.
23.08 / 13:57
23.08 / 13:55
UPS
Platform
Strategy
Gaming startup Ampverse to set up studio in India
Ampverse plans to set up a gaming studio in India and scale up its local team, a senior company official said. Ampverse cofounder and chief strategy officer Charlie Baillie told PTI that the company will operate through a joint venture formed with DMI Finance. «Content is a big part of our business.
23.08 / 12:35
UPS
SUN
Strategy
show
beautiful
Collagen: The New Buzzword in Antiaging
topical mineral sunscreens, and internal photo-protecting agents. This holistic sun protection strategy helps guard against collagen degradation and other sun-induced skin damage. The second step involves replenishing the decreasing collagen reserves through oral supplementation.
23.08 / 11:51
COST
Provident
Strategy
Southern
India's coal production set to nearly double by FY30
New Delhi: The coal ministry has unveiled an ambitious plan to almost double India's coal production by fiscal 2030, with a compound annual growth rate (CAGR) of around 7.7%. In FY23, key coal-producing states, including Odisha, Chhattisgarh, Jharkhand, and segments of Madhya Pradesh, played a pivotal role in contributing a staggering 75% of India's total raw coal despatch, the ministry said. The need for increased coal production to sustain this momentum and power the nation's growth trajectory is evident.
23.08 / 11:51
Digital
CEO
Platform
Strategy
track
electronic
stake
Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures, to get equity stake of 0.99%
₹ 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore.
23.08 / 11:51
Citi
Strategy
social
Investors Are Finally Making Money on Bonds and CDs. Be Prepared to Pay Taxes.
earning 5%, that’s $5,000 in interest and potentially $1,500 in taxes. Whether you’re investing in a high-yielding money-market account, a certificate of deposit, or an I Bond, there are different tax rules. You might owe federal income taxes or state income taxes or both.
23.08 / 11:47
FIVE
Strategy
show
Gold continues to shine as a hedge against uncertainty
Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming 12 months.
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