Speaking with ET, Raman Khanduja, cofounder, Mintoak said that through this deal with Z3Partners, the idea is to reach out to more banks in West Asia and Africa, since some of the investor's limited partners are well connected in those areas. Currently Mintoak gets less than 10% of its overall revenue from its international business and the target is to take it to 25% of the business in the next three years.
The overall mutual fund industry recorded a net outflow of Rs 80,509 crore in December 2024, with the highest outflow coming from debt mutual funds at Rs 1.27 lakh crore.
The stock quoted a 52-week high price of Rs 6448.75 and low of Rs 3350.05.
Multiple deaths occurred during the Vaikunta Ekadasi celebrations in Tirupati due to overcrowding. Police have registered FIRs for two separate incidents involving a total of six casualties and 40 injuries. Opposition leaders blame the government for administrative failure and lack of proper arrangements. Victims collapsed in the rush for darshan tokens.
The Reserve Bank of India has eased supervisory restrictions on several non-banking financial companies, including Asirvad Micro Finance, Navi Finserv, and Bajaj Finance, after they improved compliance measures. High interest rates and tighter regulations had previously contributed to weak demand and economic slowdown.
A total of 34,882 shares changed hands on the counter till 01:18PM (IST).
Volatile phases will come and go. While they are painful, these phases, if utilized to learn some lessons, will help avoid losses in the future. First and foremost, remember that when you buy a stock, you own a part of a business. And what business you own is more important than what is happening to the Nifty. Second, as a long-term investor, focus on whether the underlying business is witnessing change. And whether the change is positive or negative. Because it is the business which finally decides earnings and the stock price. Читать дальше...
Global banks may cut up to 200,000 jobs in the next three to five years due to AI. Positions in the back office, middle office, and operations are most at risk. Customer services and know-your-customer roles may also change. AI tools are expected to increase productivity and revenue for banks.
India is set to sign a preliminary agreement with Mongolia for cooperation in geology and exploration, focussing on copper and coking coal. Indian companies like Adani, Hindalco, and Vedanta show interest, with supply routes being planned through Russia. Both nations aim to strengthen ties in resource acquisition.
In his expanded role, Kanapathy will lead the firm's global delivery centres across the US, Latin America, Europe and APAC, and will scale its technological capabilities, strengthening its presence in key markets.
The Nippon India Large Cap Fund GIFT, managed by Nippon Life India Asset Management Limited (IFSC Branch), is a feeder fund investing in the 17-year-old Nippon India Large Cap Fund. Known for its strong performance, the fund currently manages over Rs 35,000 crore in assets, according to a press release by the fund house.
On the technical charts, the RSI of the stock stood at 37.71.
GSTR-3B: Now GST registered taxpayers can claim pending input tax credit relating to past years namely financial year 2017-18, 18-19, 19-20 and 20-21 by filing an online rectification application. GSTN said, "A functionality has now been made available on the Portal for taxpayers to file an application for rectification of such orders issued under section 73/74."
The 97th Academy Awards nominations announcement has been postponed to January 19 due to the Southern California wildfires. The new voting deadline is now January 14, and the Oscars ceremony will take place on March 2, 2025. Several Hollywood celebrities have lost their homes, and numerous film events have been cancelled or rescheduled.
The Relative Strength Index of the stock stood at 38.54 on Thursday.
Prime Minister Anwar Ibrahim highlighted the nation's economy rebound spurred by investments in renewable energy and artificial intelligence infrastructure. Malaysia also aims to have expertise in oil, gas, and Islamic finance. The country seeks to produce its own graphics processing unit (GPU) chips within five to ten years as well.
Rana Gupta from Manulife Investment Management sees opportunities in the financial sector despite mid-cycle challenges. He is cautious about industrial capex driven stocks, considering them overvalued. Gupta favors large private banks, non-banks in rural areas, and wealth management firms. He believes the financial sector's stress is temporary, predicting stabilization in the next two quarters.
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Bulls appear to have lost momentum after a strong start to the year. While the Nifty is still up by 0.19% compared to December's closing, Nifty Bank has declined by over 2% in January, particularly following HDFC Bank's Q3 updates.
In 2024, skill-based hiring increased with a focus on AI, data analysis, and cybersecurity as key areas. Digital marketing, sustainability, and essential soft skills like adaptability and emotional intelligence also saw higher demand. These trends are expected to continue driving the employment market in 2025.
A power outage at SpaceX’s California facility during the Polaris Dawn mission caused a temporary loss of control over Dragon spacecraft, raising concerns about safety, oversight, and transparency in commercial space operations.
Jammu and Kashmir Chief Minister Omar Abdullah stated that the Aam Aadmi Party, Congress, and other political parties need to strategize effectively to compete with BJP in the upcoming Delhi elections. Former Chief Minister Farooq Abdullah emphasized that their alliance aims to strengthen the country and eliminate hatred.
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