Rajasthan To Set Up iStart Innovation School Hub In Bikaner With INR 52 cr
Sat, Sep 9, 2023 3:18 PM

Rajasthan To Set Up iStart Innovation School Hub In Bikaner With INR 52 cr

To foster entrepreneurship and promote startup growth in the state, Rajasthan's Chief Minister Ashok Gehlot approved a proposal for an iStart Innovation School Hub in Bikaner at a cost of INR 52.26Cr. This hub will provide a conducive environment for startups, students and local youth, while creating employment opportunities.

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Is investment in bond a smart idea for retirement planning?
Sat, Sep 9, 2023 3:05 PM

Is investment in bond a smart idea for retirement planning?

Having a stock-heavy portfolio can be risky, and adding bonds to it is a great way to diversify your asset allocation. Bonds are less volatile than stocks, providing stability and mitigating the risks associated with depending on stocks alone. By investing in both stocks and bonds, you can take advantage of potential growth of stocks while also enjoying stability and lower risk that bonds provide.

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Centre Discusses Criterias For New IT Hardware Import Regime
Sat, Sep 9, 2023 3:03 PM

Centre Discusses Criterias For New IT Hardware Import Regime

MeitY is proposing changes to the IT hardware import regime by tying it to a company's export & domestic production value. They are also setting quotas for imports and have invited applications from 38 companies for a PLI scheme. Concerns were raised over the Oct 31 deadline for implementation.

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Reliance donates Rs 25 crore to Uttarakhand for flood relief
Sat, Sep 9, 2023 2:21 PM

Reliance donates Rs 25 crore to Uttarakhand for flood relief

Reliance Industries Limited (RIL) has donated Rs 25 crore to Uttarakhand's Chief Minister's Relief Fund to help with flood relief efforts. Family member Anant Ambani thanked the state for their partnership of over 10 years through education and social development initiatives. In 2020 and 2021, RIL also provided Covid-19 support.

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From Ather To Nazara — Indian Startups Raised $257 Mn This Week
Sat, Sep 9, 2023 2:09 PM

From Ather To Nazara — Indian Startups Raised $257 Mn This Week

Indian startups raised $257 Mn across 18 deals this week, with Ather Energy's $108 Mn mega round being the largest. Overall, there was a significant increase of 394% compared to $52 Mn raised by Indian startups in the previous week. Ecommerce was the most funded sector, and Elevation and Matrix Partners emerged as the busiest investors.

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Gold's fall continues on resurgent US dollar and buoyant yields
Sat, Sep 9, 2023 2:06 PM

Gold's fall continues on resurgent US dollar and buoyant yields

This week ending September 8 saw a somewhat unexpected surge in the US yields despite a softer than expected US non-farm payroll report. This was mainly due to the huge quantum of corporate bond issuance lined up in September, Fedspeak, strong US economy and inflation concerns. The US Dollar Index rallied for the eighth consecutive week as the Euro-zone and UK economies struggled with stagflation.

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China's deflation pressures ease, more steps expected to spur demand
Sat, Sep 9, 2023 1:53 PM

China's deflation pressures ease, more steps expected to spur demand

China's consumer prices returned to positive territory in August, with CPI and PPI both recording modest increases. Factory-gate deflation is easing and food prices have declined due to weather-related issues. However, more policy support is needed to boost consumer demand and prevent further deflationary pressures as growth stabilizes.

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SoftBank's Arm IPO oversubscribed by six times
Sat, Sep 9, 2023 1:51 PM

SoftBank's Arm IPO oversubscribed by six times

Arm Holdings Plc, the chip designer, prices its US IPO at $47-51/share, and has seen six times the investor demand. Despite having 25% of ownership by SoftBank, Arm will rely on strong growth in cloud computing & automotive to justify its high valuation. China makes up 24.5% of its sales & remains a risk.

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Why mid-market enterprises explore the AIF route for capital raising
Sat, Sep 9, 2023 1:50 PM

Why mid-market enterprises explore the AIF route for capital raising

Mid-market enterprises are the backbone of the Indian economy and AIFs have emerged as a preferred source of capital for them. They offer an attractive risk-return profile, fuel economic growth, and help investors diversify and optimise portfolio returns. Mid-market enterprises in India form the backbone of the economy but there is a credit gap, with little access to debt markets.

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Instant trade settlement: How will it impact day traders?
Sat, Sep 9, 2023 1:48 PM

Instant trade settlement: How will it impact day traders?

The trade settlement cycle in India has evolved drastically over the years to become one of the most efficient in the world, with a proposed move towards real-time settlement. This could be revolutionary for global markets, but may require intra-day traders to adjust their trading strategies due to the need for immediate payment and delivery of securities.

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Amid India vs Bharat debate, BHARAT stocks outshine on Dalal Street
Sat, Sep 9, 2023 12:55 PM

Amid India vs Bharat debate, BHARAT stocks outshine on Dalal Street

Foreign and domestic investors have been increasingly betting on India's growth story, evidenced by the performance of the S&P BSE Bharat 22 index, which has more than doubled in value over 3 years. 28% rally year to date. Key stocks such as Bharat Electronics, Hindustan Aeronautics, Amara Raja Batteries, REC Ltd, ABB India, and Tata Motors are doing well.

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Where are IT stocks headed? Nasdaq trajectory has a story to tell
Sat, Sep 9, 2023 12:53 PM

Where are IT stocks headed? Nasdaq trajectory has a story to tell

India's primary strength in global tech landscape has been its strong IT services sector. After underperforming during Q4FY23 due to numerous factors, there are signs of a possible recovery as certain key elements contribute to an overall rebound. These include a decrease in attrition rates and securing of new multi-billion dollar deals by major Indian IT firms which could bolster revenues.

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NBFCs bracing for a rise in borrowing costs
Sat, Sep 9, 2023 12:48 PM

NBFCs bracing for a rise in borrowing costs

NBFCs may face an increase in borrowing costs due to tightening liquidity conditions and rising market yields. Nomura Securities expects cost of funds to increase by 30-40 bps by Dec 2023, while banks are increasing their benchmark MCLR rates and RBI is withdrawing ICRR over time. NBFCs acknowledge the pressure but cushion the impact by introducing higher floating rates.

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Apple loses about USD 200 billion in market capitalisation
Sat, Sep 9, 2023 12:20 PM

Apple loses about USD 200 billion in market capitalisation

Apple has lost ~$200B in market capitalization this week as reports have surfaced that Beijing is ordering its state employees to stop using iPhones and other foreign-branded phones. While it is speculated that this move by China is a response to the intensifying US-China competition, Apple is also facing fierce competition from Huawei's latest flagship smartphone which is selling well in China.

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L&T hits lifetime high on likely Aramco order win
Sat, Sep 9, 2023 12:13 PM

L&T hits lifetime high on likely Aramco order win

Engineering giant Larsen & Toubro (L&T) achieved a milestone when its shares hit a lifetime high on Friday, valuing the company at ₹4 lakh crore in market capitalisation. They closed 2% higher after news of winning a $4-billion energy project from Saudi Aramco and reports of a 20% growth in order inflows for FY24.

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