Generative artificial intelligence (AI), climate tech and fintech sectors will be the hot areas for venture capitalists and founders in the next year, according to the prediction by Prashanth Prakash, founding partner of the global venture capital firm Accel Partners in India and the chairperson of Karnataka Startup Vision Group. Prakash said that about $25 billion has been invested into building Gen AI globally. But a lot of that capital has not yet come to India, opening up huge opportunities for startups in the country.
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
Varun Tej's committed performance somehow rescues Matka from being a pointless venture with stylish flourishes and interesting ideas, observes Arjun Menon.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
'A dynamic bond fund acts like a gilt fund in a rate cut scenario and like a conservative short-term bond fund when rates rise.'
Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.
If technical analysts are to be believed, the index has more room for a slide down to 72,000 levels in the worst-case scenario, wiping out all the gains made in 2024 so far.
Two teams with fault lines in their batting, up against two of the best bowling sides in the game today -- the question that determines the outcome is, is your weakness greater than mine?
'There has not been a clear direction on what he's going to do yet, but we are still hopeful. I've always said his bowling would be a bonus, but just look at what he brings with the bat, even in the field.'
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Former Indian women cricket team coach Tushar Arothe was arrested in Vadodara in connection with Indian Premier League betting.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
Numerous members of Hezbollah in Beirut and various areas of Lebanon were injured when their communication devices exploded, according to the Arab media reports. ANI posted on X quoting AP that Iran's ambassador in Lebanon was among those injured in the blasts.
HUL believes that post Covid, the awareness about health and wellbeing and selfcare, has exploded and there is a mindset change from health as absence of disease, to health as a part of lifestyle.
The Enforcement Directorate may also file a fresh chargesheet in this multi-crore money laundering case soon, they said.
The same bunch of people, doing the same things does not make for a satisfying sequel; the added subplots are hastily tacked on, and make no difference to the flow of the series.
The Enforcement Directorate on Friday claimed that a forensic analysis and a statement made by a 'cash courier' have led to "startling allegations" that Mahadev betting app promoters paid about Rs 508 crore to Chhattisgarh Chief Minister Bhupesh Baghel so far, and that "these are subject matter of investigation".
'No political party can antagonise Ambedkarite voters, particularly the neo-Buddhists.'
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
'Allocate up to 20 per cent of your core equity portfolio to quality funds.'
Uppal, 43, was detained last week in that country and the ED authorities are in touch with the Dubai authorities to get him deported to India, they said.
On a five-day rolling basis, FPI selling is the highest in 24 years.
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.
It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.
'All competitors are sourcing within the country, so we'll be at the same level of competition.'
It said a "sudden rise" in terrorist-financing investigations was seen in 2023 and this was attributed to events arising out of incidents in Manipur that led to such probes in more than 50 cases.
Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop.
The actor's name cropped up during the investigation of a bookie, Sonu Jalan, who was arrested by the police on Tuesday.
'Future market gains will likely depend primarily on earnings growth.'
'Those betting against PSUs will likely be punished in this upswing.'
For the BJP, Prime Minister Narendra Modi's big move to push through his 'one-nation-one-election' concept promises to be the big ticket idea which can disrupt conventional calculations and allow it to frame the upcoming Lok Sabha polls along helpful lines as the party believes the issue has the potential to catch popular imagination.
For the team management, it is a choice between a younger man's (Sarfaraz) flamboyance and fearlessness versus a seasoned campaigner who has been a Test captain and is part of the national set-up for a decade now.
'In Amit Shah's words, understand the chronology. The PM comes, the home minister comes and before that, the ED comes and then arrests (accused person) from a hotel. What was the Election Commission doing? How money reached here'
'It is for the first time that a film of mine will be released in theatres and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.'
The two teams last met in the ODI World Cup in 2023. It was in Mumbai where Glenn Maxwell had played a once-in-a-generation knock to notch up a sensational double hundred while battling cramps all over his body, with Pat Cummins in tow who provided sturdy support from the other end.
