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Investing.com — The U.S. dollar edged lower in early European trade Monday, handing back some of its recent gains in holiday-affected trade ahead of the release of the latest Fed minutes for clues of the outlook for U.S. interest rates.

Shivraj Singh Chouhan and Vasundhara Raje may form their own political outfits. "Today, if the ED (Enforcement Directorate) is stopped and section 45 of the PMLA (The Prevention of Money-Laundering Act) is abolished, half of the BJP leaders will quit the party," he said. Chouhan and Raje were overlooked by the BJP for the chief minister posts in Madhya Pradesh and Rajasthan respectively despite ensuring the party's return to power in the assembly polls held recently.

₹100 crore to add about two dozen laboratories for testing organic products as well as upgrade existing labs, two people aware of the development told Mint. The move is aimed at enhancing the quality of organic food available in the domestic market and ensuring better pricing for the country's 4.43 million organic farmers. This comes as a response to the rapid expansion of India's organic food market and the current limited capacity for testing organic products, said one of the persons cited above, who did not wish to be named.

Dr BS Ajaikumar, Executive Chairman, Healthcare Global, says they are focussed on achieving margin and growth will definitely happen. The challenge has been that with the new centres coming in, while the mature centres are giving a margin of over 22%, the best centres gives a margin of close to 30%. So, while this is happening, they plan to do a few more M&As. That will bring down the margin level. But even with that, Ajaikumar is confident that margin will be in the upper teens, reaching close to 20% towards the last quarter of next year (FY25-26). According to reports, CVC Capital is looking to sell stake in Healthcare Global. They hold 60.4% stake. Any indication how much they are going to sell? Will that trigger an open offer? Dr BS Ajaikumar: Yes, as I always say, the best person to answer is CVC. If they do plan to exit, they have to sell 60%. Yes, it will be an open offer also and from what we understand, they will be the best persons to answer these questions. As far as HCG is concerned, we have really made no change in the plans. We think we are on a very good growth trajectory.

The IPO is an entirely fresh equity issue of 49.9 lakh shares, aiming to raise Rs 22.5 crore. The company is offering its shares at Rs 45 apiece, and investors can bid for 3,000 shares in one lot.

Shivaji is more than a historical figure in India. The very name is nothing short of an emotion in this part of the world. For many Indians, especially in the Northern belt, Shivaji is not just a mere inspirational historical figure but a symbol of resistance against oppression as well as a cultural renaissance of sorts. Every year, Chhatrapati Shivaji Maharaj Jayanti is observed on 19 February. This year will mark his 394th birth anniversary. Also referred to as Shivaji Jayanti, the day is celebrated with great zeal across the state.

misconduct hearing after it emerged that he had shared details of injuries via WhatsApp following a stabbing attack on an Indian-origin teenager and her friend in Nottingham last year. According to a report in ‘The Sun' newspaper on Monday, a misconduct hearing last month heard how the officer posted details about students Grace O'Malley-Kumar and Barnaby Webber as well as school caretaker Ian Coates soon after they were killed during a knife attack spree by Valdo Calocane in the central England city in June 2023. Think you check all the immigration boxes? Find out A second officer, Police Constable (PC) Matthew Gell, is said to have passed on the “distasteful” message to his wife and a friend.

IPO) of Thai Casting was subscribed 48 times on the third day of the bidding process. The category reserved for retail investors was booked 76 times, followed by NIIs at 40 times and QIB portion at 3 times. The IPO, which will close on February 20, is priced at Rs 77 at the upper end. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.

Vikas Pershad, Fund Manager, M&G Investments, says “one has to think about not just China plus one, but also one plus India. If you are selling into a country, add India; if you are making in another country, you have to think about India now, which I have come around to, I was not a believer in a big way just a couple of years ago.” Markets always follow a style. There is a time when dividend investing will do well. There is a time when growth does well. There is a time when value does well. In the last 18 months, growth has done well in India whether it is some of the defence, cyclicals or infrastructure names and value has made a comeback which is PSU. It is a rarity. Why is that we are seeing a rising tide phenomenon? Vikas Pershad: Before we look abroad, you look internally and look at the retail interest, how the financialisation of savings is happening here in India. Retail investors are now taking money from other sources and putting it into the market and I think that is driving it. You have a lot of people focussed on this market. You have China, on one hand, that has gone from being a specialist market to a generalist market and it is back to being now a specialist market.

CRISIL Ratings analysis of branded hotel companies with 70,000 rooms across categories, indicates that the hospitality industry in India is slated for a healthy revenue growth of 11-13% in the next fiscal after a strong 15-17% growth in the current fiscal, backed by steady domestic demand and an expected ramp up in foreign traveller demand. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term. CRISIL Ratings said the healthy operating performance will augur well for the industry profitability where the earnings before interest, taxes and depreciation (Ebitda) will continue the strong momentum over the current and the next fiscal.

Gautam Duggad, Head of Research — Institutional Equities, Motilal Oswal, says “there is a possibility that we might see continued strong performance of midcap IT. But the stock prices may lag a little bit now to allow the earnings to sort of, to allow the valuations to sort of catch up, whereas large cap, we find risk-reward more attractive. So while we have an overall underweight stance on IT, within that all our allocation is currently drifted towards large cap, so HCL Tech being our top idea.”

DUNEDIN, Fla. – Count Blue Jays right-hander Chris Bassitt among the early critics of Major League Baseball’s rule changes for the 2024 season.“We’re yet again having to learn new rules,” Bassitt said Sunday.

Indian Army, with a strength of 12 lakhs, is preparing for a significant upgrade of its current tanks and the induction of new-generation tanks for future battles. In a TOI report, senior officers have stated that the extensive destruction of Russian tanks in the ongoing Ukraine conflict, primarily in the initial days, was more due to «poor tactics» than anything else. They noted that Russia deployed tanks without adequate logistics support and failed to provide sufficient backup from infantry, artillery, electronic warfare, and close-air support units. According to a senior officer, "Combined-arms operations" were critical and missing in the conflict. Tanks remain essential for both offensive and defensive operations, offering mobility, firepower, and armored protection crucial for large-scale ground battles.

Carl Pei Yu, a Chinese-Swedish entrepreneur, has suggested Musk change his username to "Elon Bhai" on the X platform in order to build a Tesla factory in India. Pie himself has changed his X username to 'Carl Bhai'. "Elon Musk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai?" Carl Pie wrote.

stock market, with its shifting preferences, has tested their mettle. Fund managers have had to dig deep, revisit long-held beliefs and adapt to the changing realities. Even as they bear the scars of the battle, these experts have kept calm and held their nerve to guide their funds through chaos. In this year’s Best Fund Manager rankings, we have tied up with investment research platform, PrimeInvestor, to shine the spotlight on 10 such individuals, who have delivered healthy outcomes to investors in the long run. Initially, the preferred growth oriented investing style plied by many of these fund managers fetched superior results. However, as the market gravitated towards the value segment, this approach was tested. Overpaying for quality has burnt many fingers. Most fund managers have stayed true to their convictions, while using the temporary disruption to address past mistakes and improve the resilience of their portfolios. The common thread visible in the top fund managers’ strategies is the emphasis on avoiding risk and constantly re-evaluating their investing theses. These qualities have helped them deliver healthy risk-adjusted returns over entire market cycles.

investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago. At the biggest US crypto exchange, Coinbase Global Inc, net consumer transaction revenue rose 60% in the fourth quarter from the year-ago period, and 80% over the third quarter, according to shareholder letter released Thursday. At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped by 242% from a year ago, the company said.

insurance plans, and their savings as being sufficient to secure his family’s future. Are Singh and his wife missing out on anything in this plan? The couple is doing well in following a budget and saving a big portion of their income. The mistake they are making is in not understanding the difference between saving and investment. Saving money means accumulating it in a way that it is easily accessible and is without any risks. It is typically held in bank accounts and deposits. However, holding money in such avenues is suitable only for their immediate or unexpected needs. They must realise that all their future financial requirements will not be of this nature. Having all their money in these avenues is a costly choice because the trade-off for safety and liquidity is lower returns. The money Singh is saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster. The amount that will have to be set aside from the couple’s current income will come down since the returns that will be generated will add to the corpus being created for their future needs. They can use the income that will be freed in this manner to meet other goals or improve the present quality of life for the family. To enhance the earning capacity of their money, Singh must make conscious choices to invest the money, instead of leaving it in the bank account by default.

Vijay Kirloskar, the founding director and a large shareholder of Bengaluru-based engineering services company TD Power Systems (TDPS), has lodged a complaint with the stock exchanges, accusing the company of omitting and suppressing material facts in the financial results for the quarter ending December 2023. In a letter dated February 3, 2024, Vijay Kirloskar, who also serves as the chairman of Bengaluru-based Kirloskar Electric Company, urged the bourses to acknowledge that the company's disclosure on February 1, 2024, stating there is no action initiated by Kirloskar against TDPS is «entirely factually incorrect, a misstatement and a deliberate suppression of vital information» intended to mislead TDPS shareholders.

Invest India is building a tool called I-chat policy with an idea to incorporate the policies and regulations of India's 28 states and make them available to investors through a common platform. It will soon add details of union territories as well. «This has been rolled out as a pilot internally. But the larger goal is to enhance the ease of doing business for an investor,» Invest India chief Nivruti Rai told ET.

Close to 36% of the respondents surveyed in 2024 as compared to 32% in 2023 said they will prefer hybrids or PHEVs as compared to 10% for BEVs. Compared to 2023 the jump in the number of those favoring hybrids is 4 percentage points — double of what is seen among those likely to opt for EVs. Also, there's an overall growing intent to buy a non-traditional engine vehicle-53% in 2024 compared to 49% in 2023 over petrol and diesel. The intent to buy hybrids over pure battery electric vehicles comes to the fore even as EVs benefit from state as well as central government funded incentives which in turn has allowed manufacturers to price them better as compared to hybrids. This is despite the hybrids costing more than EVs. «People want to buy hybrids over EVs as it offers peace of mind that EVs can't,» says Rajeev Singh, partner and consumer industry leader, Deloitte Asia Pacific.

Kirin Holdings is investing $25 million (about ₹205 crore) to buy an additional minority stake in B9 Beverages, the maker of craft beer Bira 91 and owner of pub chain Beer Cafe, executives aware of the development said. The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above. The person did not identify the investor. The fresh investments of $50 million (₹410 crore) are being done at a pre-money valuation of $600 million. Tokyo-listed Kirin Holdings had invested ₹570 crore in the beer company in late 2022, raising its stake to 20%, valuing the beer maker at $600 million. Launched in 2015, B9 Beverages sells craft, lager and strong beer across brands like Bira White, Gold and Boom. It has a presence in 24 countries and operates six breweries. Ankur Jain, B9 Beverages chief executive, and Rahul Singh, chief executive and founder of The Beer Cafe, could not be reached for comments.