Strategy Financial News
01.08 / 19:33
UPS
Strategy
RIO
show
stage
Sibling emails reveal battle for Rinehart family trust
Private emails between some of Gina Rinehart’s children discussing extraordinary plans to mount a legal bid against their mother almost 20 years ago have been aired in the WA Supreme Court in a high-stakes legal battle over billions of dollars in mining royalties.
01.08 / 16:31
UPS
Action
Assurant
Strategy
country
Axe the oil windfall tax: It’s outlived its rationale
₹4,250 per tonne from ₹1,600, while diesel now faces a levy of ₹1 per litre (as against nil earlier), according to a new government notification. As crude oil prices—which have hit a three-month high—look set to boost the profits of Indian refiners again, the Centre seems keen to get its pound of flesh. The question, though, is whether the levy should exist at all.
01.08 / 16:31
Strategy
Align
Dreams
Chase
performer
exits
Funding winter, illiquid startups and Sebi rules hamper AIF exits
₹17,500 crore, are set to expire within the next 16 months, but are facing problems winding down. They blame it on the lack of liquidity and legal constraints resulting from a funding winter. AIFs have already exercised one extension but have now sought another.
01.08 / 16:23
Blockchain
Strategy
VC Spectra Defies Expectations: Soaring to New Heights With Unprecedented ROI, Reinventing the Crypto Investment Landscape
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
01.08 / 16:23
01.08 / 16:01
Citi
Target
Progressive
Strategy
Cartier
Inside
Jewellery
Armed gang executes daring robbery at luxury jewellery store in Paris, escapes with millions in valuables
luxury jewellery and watch store, Piaget, located on Rue de la Paix in the heart of Paris. The robbers struck around 1:00 pm (1100 GMT), making off with an estimated 10 to 15 million euros worth of goods. Thankfully, no one was injured in the incident. Early indications suggest that three individuals were involved in the robbery, with at least one of them brandishing a weapon. The daring gang managed to escape the scene with their bounty, leaving authorities in pursuit of the culprits. Rue de la Paix is renowned for housing prestigious jewellery brands and is situated near the esteemed Place Vendome. This latest incident echoes a similar high-profile heist that occurred in April, where three individuals on motorbikes targeted the Bulgari store, fleeing with jewellery worth several million euros.
01.08 / 15:35
Provident
Progressive
Action
Fighting
Strategy
voice
COP28
UAE vows to allow 'peaceful' assembly of climate activists at COP28
The oil-rich UAE, set to host COP28 from November to December in the business hub of Dubai, requires official permission for protests but effectively bans demonstrations it deems disruptive. At the upcoming UN climate talks «there will be space available for climate activists to assemble peacefully and make their voices heard», it said. The announcement was made in a joint statement with the United Nations Framework Convention on Climate Change (UNFCCC) released on Tuesday and published by the UAE's official WAM news agency.
01.08 / 15:09
Action
Strategy
Discover
How India can counter the EU’s carbon tax | Mint Primer | Mint
India's innovative Carbon Dioxide Removal Obligati... moreIndia's innovative Carbon Dioxide Removal Obligation (CDR-O) tax proposal challenges the EU's Carbon Border Adjustment Mechanism (C-BAM).
01.08 / 14:21
Action
Strategy
RAI
Terror incidents, infiltration declined in Jammu & Kashmir in last two years: Government in Lok Sabha
infiltration have declined in Jammu and Kashmir in the last two years, Union minister Nityanand Rai said in Lok Sabha on Tuesday, noting that 26 incidents of terror violence and no net infiltration have occurred this year till June-end. Rai said there were 125 terror-related and 14 infiltration incidents in 2022, and 134 terror and 34 infiltration incidents in 2021.
01.08 / 13:53
Strategy
National
National Bank to buy Silicon Valley Bank’s Canadian loan portfolio
National Bank of Canada has agreed to buy the Canadian commercial loan portfolio of Silicon Valley Bank as part of a broader strategy to expand its footprint in the nation’s tech sector.
01.08 / 13:53
COST
UPS
Target
Strategy
Remark
trudeau
Costs
Justin Trudeau shifts some of the blame for eye-popping housing costs
Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signalling a more defensive tone on an issue where his main political rival has hit him hard.
01.08 / 12:42
Digital
Action
Strategy
India's road map for $5-trillion economy focusses on growth and ‘all-inclusive welfare’: Finance Ministry
finance ministry said on Tuesday. In a written reply in the Rajya Sabha, minister of state for finance Pankaj Chaudhary said the road map also relies on a “virtuous cycle of investment and growth”. It also promotes the digital economy and fintech, technology-enabled development, energy transition and climate action, Chaudhary added.
01.08 / 12:39
Strategy
Focusing on roadmap to make India a $5 trillion economy: Govt
₹10 lakh crore (3.3% of GDP). "The Government has also focused on a capex-led growth strategy to support economic growth and attract investment from the private sector, increasing its capital investment outlay substantially during the last three years," Chaudhary said.
01.08 / 12:11
Provident
Cooper
CEO
Strategy
Align
social
NSDC partners with IIM Ranchi; aims to empower tribal entrepreneurship in Jharkhand
National Skill Development Corporation (NSDC), has partnered with Indian Institute of Management Ranchi (IIM-R) to introduce livelihood opportunities for janjati regions through skill-based interventions within geographies and promote their holistic development at the grassroot level, according to an official release.
01.08 / 11:39
COST
UPS
CEO
Strategy
Adani Total Gas Q1 Results: Net profit rises 9% to ₹150 crore, revenue up 2% YoY; key highlights here
Adani Total Gas Q1 Results: Adani Total Gas announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 1, reporting a rise of 9 per cent in consolidated net profit at ₹150 crore, compared to ₹138 crore in the corresponding period last year. The gas distributer's revenue from operations in the first quarter of current fiscal stood at ₹1,056.1 crore, registering a marginal rise of 1.3 per cent, compared to ₹1,042.3 crore in the year-ago period.
01.08 / 11:08
Provident
CEO
Strategy
Enterprise
Accenture
NVIDIA
NOT
To AI or not no longer a question: IT majors already using GenAI for several tasks
AI (GenAI) in their strategies. As per a ToI report, companies are already integrating GenAI to expedite code generation, optimize labor-intensive tasks, and facilitate system integration. However, analysts anticipate that widespread enterprise adoption of GenAI is still a few quarters away.
01.08 / 10:51
Strategy
International
regulatory
Norton Rose Fulbright’s Farmida Bi appointed chair of International Regulatory Strategy Group
Norton Rose Fulbright’s Emea chair Farmida Bi has been appointed as chair of the International Regulatory Strategy Group council.
01.08 / 07:59
Provident
Digital
Action
Strategy
Cummins
performer
track
Sharekhan strategist shares stocks, strategy that help 7 baskets beat the Street
NEW DELHI: Out of 8 stock baskets offered by Sharekhan’s InvesTiger app, 7 have managed to beat their respective indices by 4-12% since inception after factoring the transaction cost.“Apart from stock picking, we also focus on a top down approach which means having exposure in the right sectors depending upon macro conditions. This helps us invest in high quality stocks with structural growth prospects resulting in handsome gains for the investors,” says Gaurav Dua, Sr VP & Head – Capital Market Strategy, Sharekhan by BNP Paribas.In his stock baskets, stocks that have given disproportionately high returns are ITC, M&M, Cummins India, L&T and DLF.Edited excerpts from a chat:A lot of market players have shown interest in the concept of having a curated basket of stocks. What is the kind of response that InvesTiger is getting from your investors and what makes it different from mutual funds?Curated stock baskets are a hassle-free and cost-effective way to leverage on in-house research expertise to help retail investors invest in a disciplined manner.
01.08 / 07:49
Lowe's
Booking
CEO
Strategy
Low
Rio Tinto puts five-year deadline on low carbon aluminium fix
Rio Tinto chief executive Jakob Stausholm says a low carbon solution for the company’s Australian aluminium assets must be found before 2030, and insisted while the fix is not within reach, he is committed to working with governments to find one.
01.08 / 07:34
UPS
Platform
Strategy
Dreams
Instagram
performer
social
Aashna Chaudhary: A tale of triumph over UPSC's toughest challenge
UPSC, one of the world's toughest exams, is a formidable feat. Aashna Chaudhary's inspiring journey proves that with mental toughness, hard work, and perseverance, dreams can be achieved. Aashna Chaudhary, born in Pikhua town, Uttar Pradesh, had a humble background but ambitious dreams of becoming an IPS officer through the UPSC civil services exam.
01.08 / 06:59
JPMorgan
Strategy
Chase
Big super raids investment banks in London
Industry superannuation giant AustralianSuper has poached several seasoned investment management executives from British banks and fund managers for its chase into new markets.
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