Strategy Financial News

NEW DELHI: After reporting a decline in margins in the June quarter due to performance-based appraisals for FY24, Cigniti Technologies is hoping to be back on the growth path from Q3. “As we move forward, our strategic initiatives, like a better offshore-onshore mix and focus on long-term value creation, would pave the way for improved margins, potentially from Q3 onwards,” said Cigniti Technologies CEO Srikanth Chakkilam. Edited excerpts:During the quarter, your revenue improved sequentially but margins declined. Do you see margins improving from Q3 onwards?We have reported a sequential growth of about 3.4% on a quarter-on-quarter basis, which we believe to be a fair performance given the recent macroeconomic conditions.

MUMBAI — Buying unpopular stocks and selling the popular ones is one of the key strategies adopted by Counter Cyclical PMS, which has helped its smallcap fund give multibagger returns over a 3-year period. “We try to stay ahead of the curve, by spotting promising companies early, before they come into the limelight,” says Keshav Garg, director, Counter Cyclical PMS.

Telstra boss Vicki Brady says the emergence of artificial intelligence and demand for cloud storage are reasons to keep the telecoms group’s massive infrastructure business after delivering a 13 per cent jump in annual profit to $2.05 billion.

Indian steel magnate Lakshmi Mittal's company ArcelorMittal SA may not have to retreat from the US as US Steel Corp has reportedly proposed a new offer to the company. According to a report by Reuters, ArcelorMittal, which is the world's second-largest steelmaker, is also considering the offer by US Steel. Mittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, Reuters mentioned adding sources.

“High-net-worth-individuals” in Chile are growing increasingly keen on crypto investment, an expert has claimed.

iPhone 15 in India, people familiar with the matter said. The latest iteration of Apple's most popular product, due to be launched globally next month, will be manufactured in India by the Taiwanese company just a few weeks after production starts in China, the country where majority of Apple's products are made. Two industry executives in the know said Foxconn's facility in Sriperumbudur, Tamil Nadu, has started the 'new product introduction' (NPI) process for the upcoming iPhone 15, with mass production set to begin closer to the launch date.

NSE) has asked more than 15 brokers, including some of the leading intermediaries, for a slew of information to track the locations from where equity derivative orders were placed between January 2020 and March 2022 — the pandemic months when there was an unusual surge in futures and options trade volumes and on-boarding of new clients by most brokerages. The member brokers have been directed to share the know-your-customer (KYC) details and ledgers of their clients, ID of devices used to put the trade orders, IP addresses as well as the media access control (or MAC) addresses which is an unique identifier for every laptop and mobile handset manufactured, two people aware of the communique from the bourse told ET.

There is going to be a new way to get around downtown Orlando, Florida, and it’s not going to require any human drivers

healthcare to grow families and improve the standard of living is opening newer investment opportunities for Baring Asia-EQT, said one of its key executives. Baring Private Equity Asia-EQT (BPEA-EQT) announced two headline transactions in as many months. In June, it teamed up with Chrys Capital to buy 90% of Credila, the education loan arm of HDFC Ltd, for $1.1 billion--the largest-ever private equity (PE) buyout in India in the financial services sector. The following month, it invested $650-700 million for a 60-65% stake in Indira IVF, the largest provider of fertility services in India and among the top five globally in terms of annual in vitro fertilisation (IVF) cycles. Baring Asia and Sweden’s EQT announced a $7.5 billion merger in 2022 to create the world's third-largest PE fund group. “We continue to remain positively inclined to make more investments. We are not going to maintain that same pace of investments every month, but we are still inclined to making more investments in healthcare,” said Jean Salata, CEO, BPEA-EQT. “We just announced Indira IVF and we did AIG Hospitals in Hyderabad last year. We are still open to doing more in financial services, and of course tech and IT services has been the main thrust for us.”

A Massachusetts millionaires tax can encompass people who rise above the $1 million earnings threshold only briefly as the result of the sale of a home or business, but financial advisors say most of their clients won’t be affected.

NEW DELHI : Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch. Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu, even as it expands its local manufacturing operations beyond smartphones. “One of the units of Foxconn has started making the latest model.

Congress is highlighting the role played by Jawaharlal Nehru in the making of the Constitution as part of their efforts to project it as a product of the ‘joint vision’ of Nehru and Ambedkar. The party is trying to undo the perception allegedly spread by BSP that Ambedkar was the sole visionary behind the Constitution. This seems to be part of the Congress’ strategy to woo the Dalits, especially BSP’s core Jatav support base, ahead of the 2024 polls.

Vodafone Idea expects to finalize agreements to raise external equity and bank-led funding in the upcoming quarter, as discussions with potential investors are advancing towards the due diligence stage, said chief executive Akshaya Moondra. “I think we are making good progress. We expect to conclude the discussions in the coming quarter, as far as equity funding is concerned," he said in response to queries during an earnings call following the June quarter results on Wednesday.

New Delhi: Pilot training institution, Redbird Aviation, is considering acquisitions of overseas assets, as a part of its expansion strategy to address increasing demand for pilots in India, and boost its fleet size. The company’s objective is to mitigate the impact of supply chain challenges on availability of aircraft, senior executives of the company said. “We acquired a flying school in Colombo, Sri Lanka, which has seven airplanes.

The Teamsters flexed their muscles during contract negotiations with UPS last month, securing pay hikes for drivers and scoring other wins

Discount grocer Aldi said Wednesday it's acquiring 400 Winn-Dixie and Harveys supermarkets in the Southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the pa...

YouTube video marketing isn't given enough attention by the majority of social media marketers. Because managing this kind of project is so difficult, it's sometimes disregarded by those trying to develop a successful content strategy. To create a YouTube marketing strategy that is effective and simple to implement, there are numerous tools and techniques available. Here is a manual for creating and putting into practise a YouTube marketing plan for any brand.What is Youtube Marketing Strategy?Explore ISB Digital Marketing and AnalyticsYouTube is an effective marketing tool. It offers many options to accomplish your objectives, whether you're wanting to make a video for your audience or to advertise your brand. However, you still need to develop a strategy for your YouTube marketing. Yo

IPC), a colonial relic, was meant to, first and foremost, protect British interests. Last week, home minister Amit Shah, after introducing three new criminal codes — Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagrik Suraksha Sanhita (BNSS) and Bharatiya Sakshya Bill (BSB) — emphasised the need to break free from colonial legacies. He accurately stated that the colonial criminal system focused on harsh punishments, lacking justice for Indians.

Don’t give up so quickly, all you browbeaten ESG investors. Consider impact investing instead.

Digital marketers must stay up with the pace and use contemporary digital marketing tools and tactics to assure success as technology transforms how people live, work, and interact with one another. Let's talk in more detail about the 4 Ps needed to develop an effective digital marketing strategy.ProcedureExplore ISB Digital Marketing and AnalyticsThe planning process for digital marketing begins with planning and concludes with an assessment of the marketing project or campaign. Digital marketers can use the process to determine customer wants, assess market prospects, and develop marketing strate

Common Testing Centre for Unmanned Aerial Systems (drones) would be established in Tamil Nadu at an outlay of Rs 45 crore, the state government said on Wednesday. Tamil Nadu Industrial Development Corporation (TIDCO) is the nodal agency for the implementation of the TN Defence Industrial Corridor, and one of the strategies of the corridor is to provide an ecosystem for the aerospace and defence industry.