Strategy Financial News

European Union member states have given final approval for the bloc’s master plan to expand semiconductor production

Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape

By Sheila Dang

NEW DELHI : Tata Motors Ltd swung to a consolidated net profit in the June quarter from a year-earlier loss lifted by robust sales of luxury vehicles by its British unit, Jaguar Land Rover, and an improved operating performance of its commercial vehicle business in India. The Mumbai-based automaker also announced that it will consolidate its capital base , converting all of its 508.5 million differential voting rights (DVR) shares to ordinary shares at a rate of seven ordinary shares for every 10 DVR shares held, resulting in a net reduction of 4.2% in its equity base.

NDTV. Though, the motion is unlikely to pose a threat to the government, which has majority support in the Lok Sabha. Despite this, Congress has issued a whip to its MPs to be present for the motion saying the signatures of at least 50 lawmakers supporting the motion will be collected.

fourth shot of the Covid vaccine may be unwarranted. Instead, vaccination against flu might be a better idea, given the high number of cases in many cities, according to them. To be sure, a fourth Covid dose can protect against a recurrence, considering it has been a while since the second dose for most people and only 220 million took the third dose in India. Some studies have shown a fourth dose could help build up resistance as immunity against Covid would have fallen for most people. Health experts, however, don't see the need for a fourth dose, especially since India's Covid cases have come down to 23 cases in the last 24 hours. That's the lowest daily infection count since March 2020. «There is no need for another dose of Covid vaccine right now,» said Anurag Agrawal, former head of the Indian SARS-CoV-2 Genomics Consortium (Insacog), the laboratory consortium, and chair of the World Health Organisation's Technical Advisory Group on Virus Evolution.

Opposition parties on Tuesday favoured the option of moving a no-confidence motion against the Modi government in the Lok Sabha after the ruling side continuously rejected their demand for the PM's statement on Manipur in Parliament. They decided to take a formal decision about it on Wednesday since Trinamool members requested for a day's time to get back after consulting their leader Mamata Banerjee.

I am a 31-year old IT professional with a monthly take-home salary of ₹1.9 lakh, I am currently focused on building a corpus of ₹2 crore within the next 7 years. My spouse and I plan to delay having children for another 2 years. My current investments are: ₹13 lakh in mutual funds (MFs), ₹8 lakh in stocks, ₹5 lakh in fixed deposits and about ₹2 lakh of additional savings. My systematic investment plans (SIPs) are ₹22,000 in HDFC Index Fund, ₹15,000 in Axis Midcap, ₹13,000 in Nippon Small Cap, ₹15,000 in Parag Parikh Flexi Cap, ₹7,000 in Quant Tax Plan, ₹2,000 in Canara Robeco Equity Tax Saver, ₹10,000 in ICICI Balanced Advantage Fund, and ₹5,000 in Axis Bluechip Fund. My investment in the ICICI Balanced Advantage Fund is for a very long-term basis and I see it as my retirement fund in addition to my Provident Fund (PF) and Public Provident Fund (PPF). Should I consolidate my SIPs further. —Name withheld on request Out of your current investments, you can continue to hold ₹5 lakh in fixed deposits as contingency fund to ensure that no emergency derails your investments.

A mixed bag KKR’s first decade (the firm launched its India office in 2006 but gained momentum really after Nayar’s arrival in 2009) in India is something of a mixed bag. Nayar led KKR through two phases of private equity investing. The KKR playbook globally has always been big buyouts, but the India market was different and it began slowly by acquiring small stakes in companies such as Cafe Coffee Day, Bharti Infratel, and Dalmia Cements, among others.

By Paul Lienert and Joseph White

Tata Motors announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 25, reporting a consolidated net profit of ₹3,202 crore. The company's revenue from operations surged 42 per cent to ₹102,236.08 crore in the June quarter - surpassing the ₹1 lakh crore-mark in line with Street estimates. The net auto debt reduced by ₹417,000 crore on margin improvement driven by Jaguar Land Rover (JLR) and commercial vehicles (CV) segments.

The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry. Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making many crypto companies nervous about maintaining a foothold in the U.S.

New Delhi: India’s plan to use the rupee for trade transactions with the UAE could unlock major trade opportunities and reduce conversion costs for small businesses, according to commerce and industry minister Piyush Goyal on Tuesday. “By implementing the Rupee currency in UAE trade, we aim to open vast trade opportunities while addressing the 5-6% costs incurred otherwise in currency conversion, impacting MSMEs significantly," said Goyal, highlighting the strategic importance of this decision.

 Konnect Insights offers a comprehensive platform that unifies social listening, community engagement (ORM), social CRM, social analytics, social publishing, BI tools & dashboards, surveys, and crisis management. By enabling brands to listen to their consumers in all possible channels, learn from them, and engage in meaningful ways, Konnect Insights helps businesses enhance their overall customer care and commerce strategies.

Tata Motors Q1 Results: Automobile major Tata Motors announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 25, reporting a consolidated net profit of ₹3,202 crore. The company's revenue from operations surged 42 per cent to ₹102,236.08 crore in the June quarter - surpassing the ₹1 lakh crore-mark in line with Street estimates. Analysts had expected stronger earnings led by improving margins and healthy sales in its British luxury arm Jaguar and Land Rover (JLR).

The U.S. Senate Finance Committee is investigating former Apollo Global Management Chief Executive Leon Black’s tax strategies and dealings with the late disgraced financier Jeffrey Epstein, pressing the private-equity billionaire for information on Epstein’s high-price tax advice. Committee Chairman Ron Wyden on Tuesday released a letter to Black that made public the panel’s investigation, which has been going for a year.

Elon Musk’s rebranding of Twitter to X elicited excitement, exasperation and effrontery from users as they adjusted to the billionaire’s latest change in remaking the social-media platform he acquired last year. Reactions in the Twitterverse after Musk’s announcement on Sunday ranged from dismay at Musk bringing an end to Twitter’s globally recognized blue bird brand to jokes and sarcasm about the new “X" branding to excitement about the billionaire’s ambition to turn X.com into a so-called everything app—in which the platform would offer an array of services including audio, video, messaging and banking.

Tata Motors (TML) reported strong consolidated performance with revenues reaching ₹102.2K crores, a 42% YoY increase. EBITDA stood at ₹14.7K crores, rising by 177% YoY, and EBIT reached ₹8.3K Crores, indicating a sharp improvement driven by the Jaguar Land Rover (JLR) and Commercial Vehicle (CV) businesses, while the Passenger Vehicle (PV) business remained steady. In Q1FY24, the commercial vehicles industry faced challenges due to the transition to BS6 Phase 2 emission norms, resulting in a decline in domestic CV volumes by 14.1% YoY to 82.4K units.

Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).

Boston-based alternative asset manager HighVista Strategies LLC is to acquire the U.S. private markets business of abrdn Inc.

Jubilant FoodWorks, the Domino’s Pizza chain operator in India, reported a consolidated net profit of 28.9 crore in the first quarter of FY24. The company had posted a net profit of ₹112.6 crore in the corresponding quarter of previous fiscal. The company’s consolidated revenue in Q1FY24 increased 1.7% to ₹1,334.5 crore from ₹1,312 crore, YoY.