QUANTUM ECONOMICS
India has the second-highest open access quantum computing users after US, says IBM executive
In an interview to ET, Jay Gambetta, vice president of IBM Quantum, said he saw big opportunities for India to become a pioneer in quantum computing in use cases as varied as sustainability and green hydrogen, efficiency of CO2 recapture process or nitrogen in agricultural yield and logistics.
In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
How data, AI tech and quantum computing are shaping the future of work
Half of global GDP likely to be digitised by 2025. Every key sector in the country now be it BFSI, healthcare or digital natives is embracing AI.Quantum computing will be the next big technology to watch out for with the impact it can make in fields like drug discovery and material sciences.
Govt’s PMAY move to help boost affordable housing, drive economic growth
In the interim budget earlier this year, Finance minister Nirmala Sitharaman had announced support for the construction of an additional 2 crore homes in the next five years under the PMAY - Gramin (PMAY Rural). The PMAY budgetary allocation was also increased to Rs 80,671 crore for 2024-25 from Rs 79,590 crore in 2023-24.
3 stocks Viral Shah is bullish on from NBFC sector
I think a lot of analysts and investors have kind of built this in in their numbers and the impact is going to be actually gradual. Given that these are two-three years fixed rate loans, so the impact is always on an incremental basis. So, it will take two to three years for it to play out fully in terms of the financials. And the quantum of it also would vary. If it is a 50 or 100 base points kind of a rate cut, in the kind of the construct of the ROAs that MFIs make, it should be easily digestible.
Likely Modi win to boost Indian infrastructure, manufacturing stocks
Indian shares set to open higher on Monday as exit polls project third term for PM Narendra Modi. Gift Nifty at 23,353 points, indicating Nifty 50 to open higher. Market sentiment boosted by exit polls favoring incumbent government.
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Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
Percentage of women in senior leadership roles increases to 18% in 2023 from 16% in 2016: Report
The report by LinkedIn and The Quantum Hub highlights that while there has been an increase in women joining the workforce, leadership positions still lack gender parity. The representation of women across the workforce rose to 26.8% in 2024, but senior leadership roles only account for 18.3%, showing a decline from the previous year. Industries like education and government administration have higher female leadership representation, while sectors like construction and utilities lag behind.
India's progress would have been faster, if borders were more secure, says NSA Doval
Delivering the Rustamji Memorial Lecture organised by the BSF on its 21st investiture ceremony, he said, "In the foreseeable future, I don't think our borders are going to be as secure as we will require for our fast economic growth. So, the responsibility on border guarding forces has become very, very heavy. They have got to remain on alert 24X7 in perpetuity. They have got to see that our national interests and country are protected."
NSA Doval suggests jointness among central armed police forces
India's National Security Advisor Ajit Doval has said that the country's economic progress would have been faster if its borders had been more secure and defined. Doval highlighted that the country's power has grown immensely in the last decade, and that border guarding forces must remain on alert 24/7 to protect national interests and the country. He also highlighted the importance of borders as they define sovereignty.
Communal & polarising or labarathi & Viksit Bharat? PM Modi breaks down ideas behind 2014, 2019 and 2024 campaigns
Opposition criticizes BJP's recent election campaign as 'communal and polarizing', but PM Modi defends it as revealing the Congress party's true intentions. NDA's focus for 2024 elections is 'Viksit Bharat'. Modi anticipates retaining anti-corruption and beneficiary voters while targeting rapid progress supporters. BJP eyes growth in South and East India, emphasizes strategic alliances and economic reforms.
'Have delivered on 2019 promise of putting corrupt behind bars, our govt leveraged technology to tackle corruption': PM Modi
Prime Minister Narendra Modi, currently vying for a third consecutive term, reaffirms his 2019 pledge to incarcerate corrupt individuals, asserting that he has fulfilled this promise. In an extensive discussion with ET, PM Modi addressed various topics. He reiterates the government's dedication to ensuring that the benefits of progress extend to all individuals in need, irrespective of their caste, creed, or geographical location.
Government gets Rs 2.11 lakh crore from RBI by way of dividend
The Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023-24, exceeding expectations. This windfall, largely from interest income on overseas securities and income from LAF operations, strengthens the government's fiscal position and may lead to a reduction in borrowing. The surplus, determined by the Economic Capital Framework (ECF), represents 25.5% of RBI's total assets.
Investing is an infinite game and you cannot play it with a finite mindset; learn to think long term: Utpal Sheth
Utpal Sheth envisions India's terminal value in 2024 as a continuation of the structural and secular bull market, with a higher probability of success. He emphasizes the long-term perspective and the ongoing evolution of India's market positioning within the global landscape. Sheth also talks about terminal value investing, where they are pursuing a very different value.
Will Mr Market get it right this election also? Is nervousness about range of BJP victory justified?
Nitin Raheja discusses market reactions to past elections, current nervousness, and potential investment strategies in various sectors amidst election uncertainties and market corrections.
ESG theme based mutual funds give up to 32% in three years. What should investors do?
ESG theme based mutual funds offer attractive returns up to 32% in three years. Investors should consider exploring these funds, regulated by Sebi, for sustainable and responsible investment opportunities with the potential for financial gains.
Vesuvius Group to invest Rs 1,000 cr in India in next few years
Vesuvius India Ltd, part of Vesuvius Group, plans to invest around Rs 1,000 crore in India over the next few years. The company has also inaugurated a new mould flux manufacturing plant in Vishakapatnam to meet increased demand for flux, a crucial component for steel plants. The plant is the first of three new facilities expected to be operational in 2024.
US, Japan, Philippines strike deals on defense, investment at leaders' summit
Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden, and Philippines President Ferdinand Marcos Jr. unveiled agreements to boost security and economic ties at the White House. Highlights include military upgrades, potential Japanese involvement in the AUKUS pact, Microsoft's $2.9 billion investment in Japan, joint AI research, Japan's participation in the Artemis moon project, and a partnership on nuclear fusion. Plans for a high-speed rail in the U.S. using Japanese bullet trains and new investments in the Philippines were also announced.
Exchanges seek clarification from I-Sec, promoter ICICI Bank on reports of allegedly influencing minority investors
ICICI Bank is under the fire for allegedly coaxing minority shareholders of ICICI Securities (I-Sec) to support the private lender's proposal to delist the broking and investment banking arm.
Did Baba Vanga predict Moscow attack? Here is what the blind Bulgarian mystic reveal about terrorist attacks in 2024
Baba Vanga's predictions for 2024 paint a complex picture of the year ahead, touching on various critical aspects that may shape global events. She foresaw a global rise in terror incidents, an impending economic crisis, anticipated medical breakthroughs, advancements in quantum computing, and the resilience of humanity in confronting challenges. The tragic terrorist attack in Moscow shows the heightened threat of terrorism, not just in Russia but globally.
Quantum MF votes against ICICI Bank-ICICI Securities’ proposed merger scheme
ICICI Bank wants to merge its 75% subsidiary ICICI Securities with itself offering investors 0.67 shares of ICICI Bank for every one share in ISEC.
Smallest small cap mutual fund can liquidate 100% portfolio in 1 day: Stress test report
Quantum AMC said it maintains a minimum threshold liquidity of Rs 2 crore average liquidity over the last 12 months to be met for stocks to be part of the portfolio. This liquidity criteria aims at being able to enter or liquidate the portfolio stock within 66 trading days.
China to step up quantum computing, AI in tech self-sufficiency drive
It will also step up efforts in big data and artificial intelligence (AI) and intends to launch a number of major science and technology programmes to meet major strategic and industrial development goals, the report shows.
Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund
Quantum Mutual Fund on Monday launched Quantum Multi Asset Allocation Fund, an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments, and gold-related instruments.
ETMarkets Smart Talk: Govt may set fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25 in Budget 2024: Christy Mathai
Christy Mathai says: The government is expected to set the fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25. The focus will be on moderating capex aggression and addressing tax inconsistencies. Bond investors are not likely to see any favorable moves in this budget. The government will continue its initiatives for import substitution and export opportunities. Sectors linked to government capex and rural recovery will be watched closely. Prudent asset allocation and systematic investing are recommended for equity markets.
US and China race to shield secrets from quantum computers
Militaries would see their long-term plans and intelligence gathering exposed to enemies. Businesses could have their intellectual property swiped. People's health records would be laid bare.
Don’t be too greedy or too fearful: Chirag Mehta of Quantum Mutual Fund
"With global inflation still above central bank targets, one can expect a ‘higher for longer’ monetary policy stance. Easing of policy is expected in mid-2024 as central bankers try to strike a balance between curtailing inflation and supporting growth," says Chirag Mehta, CIO, Quantum Mutual Fund.
India's true independence shines amid global economic shifts: Chirag Mehta of Quantum Mutual Fund
"Though benchmark indices Nifty 50 and Sensex had a minor setback due to the sentiments of global markets, the broader markets performed well," says Chirag Mehta, CIO, Quantum Mutual Fund.
Joe Biden to restrict investments in China, citing national security threats
The measure would be one of the first significant steps the United States has taken amid an economic clash with China to clamp down on outgoing financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come.
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