RESPONSABILITY INVESTMENTS
Here's a two-pronged approach to navigate an ever-rising stock market
Despite the Modi regime's progressive policies ensuring macro-stability, the 2019 super-rich surcharge raises doubts, especially in view of the poor election show of the BJP. Markets however defied election outcome pullback expectations, hitting new highs. In such a scenario, investors should monitor policy changes and consider phased investments.
Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response here
Adani-Hindenburg Case: US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
India Playbook 2024: Where to invest conundrum?
Retail investors favor small-cap stocks due to high returns. Large-caps trade at a valuation discount to small-caps. Domestic ownership prevails in small-caps, with retail investors holding a significant share. Opportunities exist in Finsumption, Capex, and Make in India themes favoring small and mid-cap companies.
What should be your investment strategy after elections?
Market volatility post Indian election triggered short-term turbulence, yet history shows eventual alignment with economic fundamentals. Resilient corporate earnings, infrastructure development and vigilant sector monitoring are emphasized for long-term strategic investments amidst fluctuating market conditions.
Pannun Case: Top democratic senators urge strong diplomatic response
Democratic Senators have called for a strong diplomatic response from the Biden administration to allegations of the Indian government's involvement in a foiled plot to assassinate Sikh extremist Gurpatwant Singh Pannun on US soil. The letter, signed by Senators Jeff Merkley, Ron Wyden, Tim Kaine, Bernie Sanders, and Chris Van Hollen, urged accountability and a briefing on the administration's engagement with the Indian government.
Delhi HC seeks response from Bina Modi, other family branches
A Division Bench led by Justice Neena Bansal Krishna also issued notice to Bina’s children - Charu, Samir and Lalit Modi, besides various companies -Rajputana Developers, Kaushambi Industries, KK Modi Investment & Financial Services, Modicare Ltd and Premium Tradelink.
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Ixigo IPO enjoys strong response even on Day 2. Check subscription, GMP, and other details
Le Travenues Technology's IPO, operating Ixigo, was subscribed 9.31 times in two days, driven by strong retail demand. IPO includes fresh equity sale of Rs 120 crore and OFS of up to 6.66 crore shares. Analysts suggest long-term subscription due to potential business growth. Price band set at Rs 88-93 per share. Ixigo shares trade at a Rs 25 premium in the unlisted market.
Portugal to tighten visa rules in response to record immigration
Portugal's government plans to tighten immigration rules by requiring a work visa for most foreigners, along with increased border controls and the creation of a task force to address visa application backlogs and help migrants living under difficult conditions.
Indian Airlines ride AI: Human-like responses for passengers, lesser workload for agents
Artificial intelligence is transforming the Indian aviation industry, enhancing customer service and operational efficiency for airlines like Air India, IndiGo, and Akasa Air. From AI virtual agents handling diverse queries to AI chatbots with trillions of parameters, these technologies are streamlining processes and improving passenger experiences. The adoption of new-age technologies like AI and machine learning is on the rise across the industry, promising advancements in areas such as computer vision and data-backed decision-making.
FarMart raises Rs 24 crore in debt from ResponsAbility Investments
B2B food supply platform FarMart raises Rs 24 crore from Switzerland-based asset manager ResponsAbility Investments for its SaaS software. Previous investors include General Catalyst and Matrix Partners India. The funding aims to reduce food loss and waste in India.
Should you buy a second house with a loan?
The key consideration in making this decision is to assess how it will impact their financial plan and goals. Shoaib or his wife might want to pursue alternative career options, take a break, or start their own business. They must ensure that they are not forced to continue with their jobs against their will because they find themselves in debt.
Ride-hailing startup BluSmart to raise Rs 200 crore in new funding
BluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, while in 2023 it conducted funding rounds worth $66 million.
Xi's bugbear: The man behind China's latest shock-and-awe maneuver
Taiwan's new leader, Lai Ching-te, has provoked China into military drills around the island in response to his inauguration and calls for Beijing to cease threats. China views Taiwan as a rebel province, while Lai asserts the country's separate status. The military escalation raises fears of a possible invasion.
India has abundance of talent, a great resource for Dell: Michael Dell
India is a top resource for tech giant Dell Technologies, according to founder Michael Dell. He praised India's talent pool and desire for a sovereign AI reflecting its culture. Dell announced advancements in AI at the Dell Technologies World event, emphasizing responsible use and the transformative potential of AI on a global scale.
IMF warns Britain against more pre-election tax cuts
The IMF warned Britain's government about missing its debt target and advised against tax cuts before the election. It increased the economic growth projection for 2024 to 0.7% and suggested interest rate cuts by the Bank of England. Inflation returning to the BoE's target and a forecast of a 'soft landing' after a recession in 2023 were highlighted.
Despite healthy response to IPO, Go Digit GMP slips on allotment day
Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
Shift towards sustainable packaging is helping companies minimise environmental impact, improve operational efficiency
There is a growing consumer demand that presents a mine of opportunities for businesses to reevaluate business strategies in terms of eco-friendly packaging.
Responsible Innovation, how a blueprint for collaborative action is advancing global healthcare
On the occasion of the Abu Dhabi Global Healthcare Week (ADGHW), Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Centre, discusses the UAE's prioritisation of healthcare in driving investments and partnerships focusing on advancing technology and attracting top talent and fostering collaboration with India reflecting shared challenges and opportunities in healthcare. Overall, collaboration with global partners and investment in manufacturing capabilities exemplify the UAE's commitment to healthcare excellence and innovation, while initiatives like Malaffi enhance data-driven services. Read on to discover how ADGHW aims to faciliate responsible innovation in healthcare, even as the UAE emphasises patient rights protection in an era of advancing AI and data usage.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
Expect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary
India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct spending. Additionally, he stated that India might further liberalize FDI norms in select areas under the new government.
How to treat extended producers' responsibility in insolvency?
Extended Producer Responsibility (EPR) makes the producers i.e., manufacturers, assembler, importer, or a seller of the goods, responsible for the entire life cycle of their goods.
Ambulances startup Red.Health raises $20 million led by Jungle Ventures
Hyderabad-based startup Red.Health will use the fresh capital to innovate its product, advance its technology, and improve its dispatch system to minimise human errors and optimise response time.
CSR activity transcends compliance boundaries, companies embrace impact investing: Deloitte
Indian companies are expanding their corporate social responsibility (CSR) initiatives beyond compliance, with a focus on strategic impact investing such as social bonds and pay-for-success models, according to a Deloitte India survey. While interest in innovative models is high, navigating complexities remains a challenge. CSR is increasingly seen as a key driver of corporate strategy, with firms re-evaluating their strategies in response to changing regulations and ESG norms.
Equipping leaders for the AI era: A CEO's toolkit
The critical juncture when AI is taking over the world slowly, a proactive approach and good understanding of Generative AI is required from leadership -- CEOs & CIOs.
Paris, Milan become the new favourite shopping destinations for travellers after London's 'Tourist Tax'
After Brexit, the UK discontinued tax-free shopping incentives, leading thousands of tourists to redirect their shopping to Paris, Milan, and Madrid. Despite lobbying efforts, the UK remains steadfast in its decision. The shift has resulted in increased spending per person, particularly in France and Italy. While some argue the policy negatively impacts tourism, the UK government asserts it benefits public finances.
Why many Indian women are saying no to marriage
Today’s young women know that this patriarchal arrangement will take away their power, forcing them to share responsibility disproportionately and render them financially unequal
AMPIN Energy Transition secures $35 million funding
AMPIN Energy Transition announced securing funding of USD 35 million (over Rs 292 crore) from responsAbility, a Switzerland-based impact asset manager. The investment will support AMPIN in various projects across its special purpose vehicles (SPVs), particularly in the commercial and industrial (C&I) solar segment. These projects encompass sectors such as manufacturing, auto, pharma, healthcare, FMCG, and data centers.
Ampin Energy secures Rs 292 crore from Swiss firm ResponsAbility
Ampin Energy Transition raised $35 million to expand solar capacity to 10GWp by 2030, supporting India's 500 GW renewable energy target. The investment aims to drive the transition for commercial and industrial customers, led by CEO Pinaki Bhattacharyya.
The key to investing success: Managing your psychological response to market cycles can determine your financial success
Experienced investors distinguish themselves from those who have simply spent time in the markets by possessing keen awareness that market trends, no matter how strong they appear, are ultimately temporary. Their extensive experience and recollection of previous market cycles serve as a reminder that what goes up must come down, and vice versa.
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