ICCCs in 100 smart cities struggle with financial sustainability due to inadequate funding. A study by IIT-Kharagpur suggests revenue sharing and monetisation methods to address this issue. The study also emphasises the need for in-house capacity building and less reliance on private players.
Growth slumped to 5.4% in the July-Sept quarter, leading RBI to revise its growth forecast for 2024-25 to 6.6%. There are calls for a rate cut to boost demand and growth. While rural demand remains strong, urban demand has slowed. Experts suggest persisting with reforms in light of global uncertainty and the upcoming budget may provide guidance.
Japan's Nikkei share average retreated on 2024's last trading day on Monday from the five-month high hit in the last session, as investors locked in profits on the index that rose nearly 20% for the year.
Indian family offices are investing in startups across various sectors to diversify their investments and achieve higher returns. Prominent names like Premji Invest and MEMG have participated in significant funding deals. This trend shows a growing interest in new-age companies, especially those preparing for IPOs. Family offices are now a substantial capital pool for startups.
Pig-butchering scams, a sophisticated form of cyber fraud, have defrauded victims of over $75 billion globally, exploiting cryptocurrencies and social engineering tactics. The schemes often involve human trafficking, forcing individuals into scam operations. At the centre is Wan Kuok-koi, alias “Broken Tooth,” a former Macau mafia figure allegedly connected to these operations. Despite international sanctions and investigations, enforcement gaps allow such crimes to thrive, leaving thousands of victims... Читать дальше...
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2024 Big events: 2024 was a remarkable year for India, marked by BJP's third consecutive win in the Lok Sabha elections, significant state elections, CM arrests, border agreement with China, India's T20 World Cup win, Gukesh's chess title, Olympic feats, tragic RG Kar incident, loss of eminent personalities, and the extravagant Ambani wedding.
Carraro India stock opened at Rs 660 on the BSE, reflecting a discount of Rs 44, or 6.25%, from the IPO price of Rs 704. From the issue price, the stock has declined by 10%.
Devina Mehra, Founder of First Global, encourages Indians to consider global investing through RBI's liberalised remittance scheme instead of relying solely on gold. She highlights the importance of diversifying investments globally, including tech and pharma sectors, and the growing significance of consumption services like Swiggy and Zomato. She also announces the release of her book covering her market learnings.
NTPC's inflows are driven by an increase in its weightage in the CPSE Index to 20%, while Adani Enterprises will see its weightage in the Nifty 50 index rise to 0.6%, resulting in $15 million in inflows, as per Nuvama's estimates.
Australia's data-centre market, though nascent, saw outsized investment this year with Blackstone buying AirTrunk for A$24 billion ($14.91 billion) in September and developer NEXTDC raising nearly A$4.6 billion in equity and debt. Higher exposure to data centres in development makes the market more comfortable paying a higher multiple for the business, said John Lockton, head of investment strategy at Sandstone Insights.
While it is normally the done thing, there are some phases when it is important to de-link what is happening to the Nifty and the stocks in your portfolio. The reason: Given their composition, the Nifty and Sensex can be impacted by events in one or two sectors. At this point of time, while the overall trend is bullish, the market is moving into a stock-specific mode. It’s a sort of selective profit-booking that causes a divergence between the value of the portfolio and what is happening to the Nifty. Читать дальше...
If you see the chart of AstraZeneca, then seems like some institutions are accumulating the stocks on the dips. And today also the volumes are more than the average of many days.
A Jeju Air flight from Seoul on Monday was forced to return after encountering a landing gear problem, the airline said, a day after South Korea's most deadly plane crash. Jeju Air Flight 7C101, which departed Seoul's Gimpo International Airport for Jeju island "37 am, returned to Gimpo at 7:25 am" after a landing gear issue was detected shortly after takeoff, the South Korean airline said.
The Taliban have ordered the closure of all national and foreign NGOs employing women, threatening to revoke their operating licenses if noncompliant. This directive comes amidst ongoing restrictions against women, including barring them from most jobs, public spaces, and education beyond sixth grade.
Ventive Hospitality had a subdued stock market debut, listing at Rs 716 per share, an 11% premium over its issue price of Rs 643. IPO participants may consider booking profits from listing gains.
Indian captain Rohit Sharma expressed frustration over Yashasvi Jaiswal’s contentious dismissal in the Boxing Day Test against Australia due to a controversial caught behind decision despite Snicko showing no spike. This proved costly as India ultimately lost the match and suffered a hit to their ICC World Test Championship qualification hopes.
So, in my view, it could be between air and navy. As far as the ordering is concerned, spending is a different matter. So, spending is a function of the execution. However, if you are looking for orders, then we expect that the order for P-75, P-75(I), next-generation corvettes, that could happen in the next 12 to 15 months, so that benefits naval shipyards.
Health insurers paid 71.3% of claims registered in FY24, totaling Rs 83,493 crore. They collected Rs 1.1 lakh crore in premiums. Public sector insurers had the highest incurred claims ratio at 103%. Private insurers had a profitable overall business with 88.7% claims ratio. The office of the insurance ombudsman received 34,336 complaints under health insurance.
The Nifty Microcap 250 index surged 35% in CY24, with several stocks delivering over 100% returns. Focused on stocks held by mutual funds, highlighting PG Electroplast shares, Wockhardt shares, Zen Technologies shares, and more.
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The new fund offer (NFO) of the scheme will open for subscription on December 30 and close on January 13.