Wellness Financial News

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wealth surge more than ₹10,300 crore (as on August 30), as their employee stock options (Esop) allocations in the past two years fared exceedingly well on the bourses. Data of Esop issuances-put together by Esop Direct-by 12 sector frontliners in the Nifty 50 showed that about 90 million options were issued over FY23 and FY24. Companies using this talent-rewarding tool include L&T, Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints, and Dr Reddy's Laboratories. Officials and board members said these long-term incentives such as Esops were increasingly used by large Indian companies as a major tool to reward and retain top talent in the years where poaching was becoming rampant. «The data shows an increasing trend among listed Indian traditional sector companies to use Esops to reward and retain top talent by aligning their wealth creation with that of the company's growth,» said Jalaj Sinha, head, business development, Esop Direct (a Qapita Group Company).

Mumbai: Congress leader Rahul Gandhi on Thursday took on Prime Minister Narendra Modi over his apology after a statue of the warrior king Shivaji at Malvan in Maharashtra's Sindhudurg district collapsed last month. Gandhi, who was in Sangli for a Congress party programme, said the collapse of the statue was an «insult» to the memory of Chhatrapati Shivaji and that the PM should apologise to every person in Maharashtra for the incident.

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Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, chief executive Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its U.S. business.

French liquor company Pernod Ricard, best known in France for the anise-flavored aperitif pastis, has scrapped a sponsorship deal with Paris Saint-Germain after protests from Marseille

Strategas Chairman and CEO Jason Trennert discusses the common man CPI, real wages, the jobs data revisions and Harris tax hike plan.

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling

Verizon is buying Frontier Communications in a $20 billion deal that helps to strengthen its fiber network

MEA), Jaideep Mazumdar, said on Thursday that the two nations complement each other and need each other to develop further. While addressing a special briefing on PM Modi's visit to Singapore, Mazumdar said that India and Singapore have «strong relations» and have frequent exchanges between military establishments, navies and air forces. Mazumdar said, «We have a very multidimensional relationship. We have very strong relations in the defence side as well, where we do joint exercises together. We have very frequent exchanges between our military establishments, between our navies, our air forces, our leaderships of all three services interact very frequently. We have ship visits, we exchange domain awareness information.»

The monsoon has predictably brought with it swollen rivers flooding the countryside and urban flooding on account of blocked stormwater drains. But the crushing landslides in Wayanad at the end of July were out of the ordinary. An extreme burst of rainfall attributable to globally-induced climate change was the cause, but the impact in terms of lives lost and villages erased was a result of weakening of the topography by predatory construction, mining and quarrying.

'Barron's Roundtable' panelists discuss why some automakers are scaling back plans for electric vehicle rollouts.

Hilltower Resource Advisors CEO and chief market strategist Tracy Shuchart discusses whether gold or crypto could replace the U.S. dollar as the global reserve currency on Making Money.

«We continue to be one of the fastest growing or the fastest growing large economy in the world. And with a particular characteristic of very strong equity culture and a very strong equity market in terms of corporates, new companies, existing companies, there are a lot of fundamental factors that support our market,» says Bhavin Shah, Founder, Sameeksha Capital. Well, the big question in the markets right now is should one wait for that dip and then deploy or perhaps the market is not going to award you with that dip, it is just perhaps keep deploying incrementally even at higher levels. Bhavin Shah: What we have seen in the last multiple years is that you have had sometimes a very short interval dip or sometimes a bit of a time correction for a little extended time, but eventually market moves higher and I think that is probably clearly because of the way our economy is progressing.

The venture capital trust invests in a portfolio of 50 B2B startups across 20 sectors. Triple Point said it will utilise the additional capital to fund a «pipeline of new investments» in ambitious early-stage companies, as well as providing follow-on funding for its existing portfolio companies. The portfolio is managed by a team of seven, led by head of Triple Point Ventures Seb Wallace. Mobeus VCTs launch share offer to raise £90m «Triple Point Ventures backs new ideas, clear vision and an obsessive pursuit of change,» Wallace said. «Since 2019, the Triple Point Venture VCT po...

Noida Authority’s proposal of amendments to the building by-laws, aiming to increase the Floor Area Ratio (FAR) will help in the growth of both commercial and residential segments, real estate developers said. “It will enable the construction of more units within the same land area. This will further lead to a higher supply without any horizontal expansion, keeping property prices under check while using existing infrastructure better to create a greater number of units,” said Manoj Gaur, President, CREDAI-NCR. The changes are part of the Noida Master Plan-2031 and once approved, it will boost revenue for the authority as well.

How do you know if an artificial intelligence system is so powerful that it poses a security danger and shouldn’t be unleashed without careful oversight

MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday and its weight in the EM index is knocking on the threshold to be the largest.

PI Industries Ltd. traded 0.28 per cent higher in Thursday's session at 11:46AM (IST). The stock opened at Rs 4545.6 and has touched an intraday high and low of Rs 4555.0 and Rs 4508.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of 3060.0. About 1,484 shares changed hands on the counter so far.

Gurmeet Chadha of Complete Circle Consultants, points out that there is news of Sona BLW buying the railway arm from Escorts Kubota and doing a QIP there. Their market share in differentiated gear is almost 55-60% in PVs and 75% in CVS. The heavy gears they make are amongst the best in class and the EV portfolio has traction motors. The BSGs also seem to be doing well. Chadha also slike Precision Camshafts that has 60% market share in camshafts. Plus, they continue to have exposure in Uno Minda and Sandhar Technologies. Which are the sectors that are not going to rotate and where there is both value and growth visibility? Gurmeet Chadha: In the correction that has happened in the market, there will be a lot of chemical names where something may not happen immediately, but the destocking probably should get over. For example, there are some APIs; the solvent prices are down, the destocking is almost done, and something may not come immediately but the US Biosecure law and one or two good quarters can re-rotate some of the good names like Aarti, Deepak, and Tata Chemicals. Soda ash prices are down.

«But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names,» says Pankaj Pandey, Head Research, ICICIdirect.com. Let us first talk about the oil sensitives because they are the one which sort of really held the market in place yesterday. I mean be it paint companies, OMCs, all of them a bunch. But do you think that this was just a knee-jerk reaction because crude has been seeing a steady decline for past three months now? Pankaj Pandey: On the crude oil front, volatility is going to be there because ahead of US elections, largely if you look at, both the candidates are at extreme positions in terms of the views. But Trump is pitching for nearly three million barrel kind of increase in the oil production. And coupled with the fact that the Chinese economy is not doing so well, which is the largest incremental buyer, I think crude is expected to remain soft. Now, while the marketing margins are expected to prop up given the softness what we have seen in crude, but the refining margins is something which needs to be watched for. But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names.