WE NEED TO TALK OYO

US and China hold first informal nuclear talks in 5 years, eyeing Taiwan

The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei.

Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding

Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.

Father’s Day 2024: Think of your father’s future with these 26 funds to take care of his financial needs

Retirement is inevitable, and the older generation, which often trusted fixed deposits, can struggle with financial planning due to inflation reducing post-tax returns. The fear of outliving savings is a real concern due to the constant devaluation of money.

Investing in youth-led community development for lasting change

Technology serves as a powerful enabler in pushing youth-led community development to achieve sustainable change in our communities.

ETMarkets AIF Talk: Modi 3.0 positive for AIF & PMS space; ‘Quality’ likely to take center stage in next 5 years: Vikaas M Sachdeva

India and the US are probably the only two markets with high multiples. India is also one of the only EMs which is increasing its share in the MSCI EM index. As organizations across the cap curve keep getting into aggressive Capex and growth mode, money on the sidelines will keep getting tactically deployed.

Planet overheating, ban fossil fuel ads: UN chief

UN Secretary-General Antonio Guterres stated humans are as destructive as the meteor that caused the dinosaur extinction, urging a ban on oil, gas, and coal advertising. His comments coincided with scientists reporting the last 12 months as the hottest on record. The global average temperature is 1.63°C above pre-industrial levels. Despite the agreement to phase out fossil fuels at COP28, emissions remain high. Guterres called for taxing fossil fuel profits and reallocating funds to combat climate change, as critical climate talks continue in Bonn ahead of the COP29 summit in November.

China defence chief says Beijing ready to 'forcefully' stop Taiwan independence

The remarks at an annual security forum in Singapore followed the first substantive face-to-face talks in 18 months between the two countries' defence chiefs.

Oyo’s maiden annual profit; RBI guidelines for fintech SRO

In a significant turnaround, hospitality startup Oyo reported its first annual profitable fiscal on Thursday. This and more in today’s ETtech Top 5.

ETMarkets AIF Talk: This Rs 300 crore fund manager unveils M.E.R.I.T strategy to pick investments for portfolio

Himanshu Kohli, Co-founder of Client Associates, discusses identifying themes early for investors and the fund philosophy emphasizing value in business with strong fundamentals and execution. He mentions raising Rs 300 crore in AUM.

ETMarkets Smart Talk: Chemicals & CRAMS sectors likely to get re-rated in FY25: Nimesh Chandan

Nimesh Chandan discusses FII selling, Nifty earnings estimates stability, and the potential for continued growth in the Real Estate sector post-election results. Chandan further says that largecap stocks currently offer a better risk-to-reward ratio compared to midcaps and smallcaps. He says: " On the business side, we expect chemicals and CRAMS(Contract research and manufacturing services) sectors, which has been an underperformer for the past few years, to get re-rated as business improves this year."

Why Nikhil Kamath decided against children? Zerodha co-founder talks about adoption and questions the need for legacy

Zerodha co-founder Nikhil Kamath recently discussed his views on parenthood and legacy on his podcast, WTF. Kamath revealed that he once considered adopting a child and conducted thorough research, only to find that current regulations make it nearly impossible for a single Indian man to adopt. He shared that his desire for adoption was driven by a sense of it being "cool" at the time.

ETMarkets AIF Talk: Fund Manager with Rs 1,000 cr portfolio nearly doubles wealth in a year; holds 10% cash amid election uncertainty

Arun Chulani, Co-Founder of First Water Capital, discusses the fund's impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge's Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."

ETMarkets Fund Manager Talk: Stocks from these 5 sectors to dominate FY25: Sachin Trivedi, UTI AMC

Sachin Trivedi analyzes Nifty 50 earnings growth, PSU banks' performance, and sector preferences for FY25. Highlights include select private sector banks, two-wheeler segment, and healthcare space. Trivedi further says that in the long run, markets adjust to earning delivery and valuation. Therefore, investors need to moderate return expectations from the market.

Will secure more than three-fourths majority in the assembly, says BJD's VK Pandian

VK Pandian, a former bureaucrat now associated with the BJD, discusses various aspects of the ongoing elections in Odisha and addresses allegations against him and the party. He expresses confidence in the BJD's performance in the upcoming phases, dismissing criticism of his perceived influence. Pandian denies claims of running the government or aspiring for the Chief Minister's position, emphasizing his commitment to supporting Naveen Patnaik. He refutes allegations of poor social indicators in Odisha and defends the administration's transparency.

Pakistan shares hit fresh record on rate cut hopes, IMF talks

Pakistan's benchmark share index touched a lifetime high on Wednesday, breaching the key level of 75,000, on hopes that easing inflation could pave the way for interest rate cuts as early as June.

Israel strikes Gaza as more Rafah evacuations ordered

Israeli strikes in Gaza escalate, risking disaster. UN warns of humanitarian crisis. Netanyahu vows action in Rafah. Army active at crossing. Residents flee Rafah. Guterres calls for ceasefire and aid access.

"This is why our PM says that we need Congress-mukt Bharat": Annamalai on Sam Pitroda's 'racist' remark

"The Congress mindset and thinking believes that India is a land of invaders and we are descendants of invaders. There is nothing wrong with looking like an African or Chinese. The connotation is that we are descendants of these people, not 'Bharatiya'. Only the Congress party which has its masters outside the country, only this party can go to the extent where it can call us descendants of invaders. This is not only strongly condemnable, it is also not only feeling disgusting to us, but it also shows the mindset of Congress, and this is why our PM says we need a Congress-mukt Bharat," Annamalai said.

Israel bombards Rafah ahead of talks aimed at sealing truce

Israel carried out airstrikes on Gaza's city of Rafah, aiming to pressure Hamas ahead of truce talks in Egypt. This followed reports of a Chinese fighter jet firing flares near an Australian navy helicopter in the Yellow Sea. Prime Minister Anthony Albanese condemned China's actions as "unprofessional and unacceptable." The Australian Defence Department reported the incident occurred during UN sanctions enforcement on North Korea. Albania said Australia's concerns were raised with China through diplomatic channels.

'Oyo Khulwa do': BJP MLA raids park, couples say where should we go, you have closed everything. Watch viral video

BJP MLA Rikesh Sen garnered attention for intervening in couples' meetings at a local park in Chhattisgarh, captured in a viral video. Couples expressed frustration over OYO Rooms' closure, resorting to public spaces. Sen stressed decorum in parks, urging youth to focus on education. He hinted at further action post-Model Code of Conduct, following previous efforts to shut down unauthorized hotels due to concerns over illicit activities.

ET Explainer: All you need to know about Microsoft’s new image-to-video AI model VASA-1

Microsoft's VASA-1 AI model produces hyper-realistic talking faces from a single photo and speech track. Capable of handling various inputs, it offers lifelike output with precise lip sync and natural motions, suitable for gaming, social media, and more.

ETMarkets Smart Talk: We expect FY25 to be a year of consolidation for markets: Chandraprakash Padiyar

Chandraprakash Padiyar expects FY25 as a consolidation year for markets, emphasizing better risk-reward in banking and housing sectors. Valuations in mid-cap space are high, while small-cap offers more stock picking opportunities at reasonable valuations. Padiyar says: "We believe the banking sector along with housing related sectors have better risk-to-rewards in our markets for the foreseeable future."

World needs 'trillions' for climate action: COP28 president

For retaining two WB sitting seats, we don’t need alliance: Bengal leaders tell AICC panel

The Congress gears up for the Lok Sabha elections, initiating discussions with INDIA bloc allies and planning Rahul Gandhi's North-West yatra. Meetings with state leaders focus on alliance formulas. Bengal Congress signals self-sufficiency in some seats, raising stakes for alliance talks with Trinamool. Punjab Congress considers an AAP alliance, discussions evolving. January 4 meetings will involve PCCs, CLPs, and the manifesto committee to set election strategies. Gandhi's upcoming Yatra-2 details focus on route planning and themes.