Strategy Financial News

By Noah Browning

The 175-member International Maritime Organization (IMO) notified its strategy on July 7 to decarbonise the global shipping sector and achieve net-zero emissions by 2050, the Global Trade Research Institute (GTRI) said. It added that IMO has also set interim targets for reducing emissions by 20-30 per cent by 2030 and 70-80 per cent by 2040, compared to 2008. It added that IMO has also suggested the shipping industry should switch to cleaner fuel. «By 2030 cleaner fuel must account for a minimum 5 per cent of total fuel use. IMO will notify detailed measures next year. While IMO recommendations are not legally binding, countries are expected to achieve the targets set. This year, few countries pushed for a flat tax of USD 100 per tonne of carbon emission by ships, yet IMO ignored the recommendation and set broad targets due to opposition from China and many developing countries,» GTRI co-founder Ajay Srivastava said.

«Another thing which also might happen and which normally happens is that when there is a sharp run up in the market and then especially in the mid and the small cap segment one finds that the valuation for these kinds of companies has gone too high and in that case the fund manager would not want to be forced to invest at these kinds of high valuations, so a way in which they would want to restrict this kind of choice is by ensuring that new inflows are restricted through the lump sum,» says Arnav Pandya, Founder, Moneyeduschool.What is actually making these AMCs stop lump sum investments in their small cap funds? Is it the overheating of this particular sector and the valuation which have reached on a higher level? There are different factors which different AMCs might look at while they are deciding on whether they want to stop the lump sum investment into their small cap schemes. But normally what one sees is that one is that when the AUM of the small cap fund, for example, goes too high, then it might become difficult for the fund manager to deploy the funds and that can be a reason why they might want to restrict larger amounts in the form of lump sums, while they might continue with the systematic investment and systematic transfer plan.

Reliance Retail-backed quick commerce startup Dunzo may finalise its plans to terminate more jobs. It has had to already defer half of the June salary for employees at the manager level and above due to a ‘cash flow issue’, according to sources aware of the matter. Kabeer Biswas, founder and CEO of Dunzo, which closed a $75 million financing round through convertible notes in April, told his staff in a recent town hall that the June salary would be delayed due to a cash flow issue related to lenders, according to the people cited above.

The country’s market operator has asked Patriot Battery Metals to respond to claims by an activist short-seller that the lithium explorer has manipulated its stock price and “over-touted” the size of its reserves.

Magellan is down to managing just $5 billion for institutional clients in its flagship global equities strategy, analysts at Macquarie estimate, after the fund suffered further outflows in June despite a turnaround in performance.

Nifty is expected to test 21,430 levels over the next 12 months — a 2,000-point or 11% upside from the current levels — according to Prabhudas Lilladher. The brokerage is 'overweight' on auto and bank stocks and has raised its weight on HDFC Bank, Infosys and Tata Motors. Nifty has given over 10% return in FY24 on a year-to-date basis, led by resilient domestic demand and $14 billion worth of net inflows by foreign institutional investors (FIIs).

heavy rainfall, resulting in widespread chaos and claiming the lives of more than 28 individuals over the past three days. The aftermath of the deluge has left cities and towns in disarray, as roads and buildings remain submerged in knee-deep water. Even the capital city of Delhi, which is currently grappling with the dire situation, is anticipated to face further deterioration as the weather department predicts additional downpours in the coming days.

Don’t expect this corporate earnings season to fuel fresh gains in the US stock market.

Also read: Nomura India's head of investment banking steps down: Report Having completed his education at Manipal Institute of Technology and holding an MBA from the Asian Institute of Management in Manila, Vikas Sharma possesses more than 25 years of experience in the banking and consulting industry. During his tenure as an investment banker, he focused on the technology, media, and telecom (TMT) sector across Asia, reported Economic Times.

₹626 crore. Similarly, retail APE witnessed a 12% y-o-y growth, bolstered by the firm's diversified distribution channels beyond ICICI Bank. Over recent years, ICICI Prudential has made conscious efforts to expand its distribution network by collaborating with multiple banks and enlarging its agency network.

New Delhi: India’s daily covid-19 tally dropped to a record low, not seen since the onset of the pandemic in early 2020, as per data from the union health ministry on Monday. The country reported only 24 new infections in the past 24 hours, marking the smallest count since the first reported case in January 2020. A consistent downturn in cases has been observed over several months.

Income Tax Returns, it is important to maximise your tax refund by taking advantage of all available opportunities.   "File your ITR on time to expedite the refund process, choose the tax regime that suits you best, and avoid late filing to prevent penalties. Verify your returns promptly to ensure smooth processing of your refund.

During her visit to China, US Treasury Secretary Janet Yellen called on her hosts to implement market reforms while criticising their actions against American companies and export controls on strategic minerals. In May, G7 leaders vowed to counter long-standing Chinese economic coercion of their corporate entities. Beijing, meanwhile, considers the US to be acting unfairly by imposing restrictions on Chinese imports of advanced semiconductors and other high technology goods, and for security reviews that discourage Chinese investment in the US.

A penny saved is a penny earned. How many of us believe in this? We often tend to forget that our savings are our earnings and we can maximise this money to achieve our critical goals.

By Hemen Bhatia

Real estate crowdfunding has emerged as a game-changer in the world of personal finance, offering individuals the opportunity to invest in real estate projects with relatively low barriers to entry. This innovative investment model has gained popularity in recent years, allowing investors to diversify their portfolios and potentially earn substantial profits. With the increasing number of real estate crowdfunding platforms, Indian investors now have access to a range of investment opportunities previously limited to accredited investors.

₹2,000 and ₹2,200 a bottle, depending on the state it is being sold in. “Some years ago, nobody in the world believed we could make world class beverages. Look at where we are now.

Discover the implications of Russia's shift in cru... moreDiscover the implications of Russia's shift in crude oil trade towards India and China after its invasion of Ukraine.

Asset Management Study published on Monday, more than 85% of the 85 sovereign wealth funds and 57 central banks that took part in the annual survey believe that inflation will now be higher in the coming decade than in the last. A central bank in the West noted, “I think that inflation will not return to where it was in the last five years. The main question mark is how sticky it is.

Karl Haeusgen’s grandfather invented a hydraulic pump he was so proud of that he founded a company to sell it. Back then, there were no revenue projections or five-year growth strategies. The plan was survival: “It was just about grabbing chances,” Haeusgen said.