/cloudfront-us-east-2.images.arcpublishing.com/reuters/YX5GKGZTDRLB5GCEGTDMF5GLE4.jpg)
Former Monte Paschi executives acquitted in derivatives trial
An Italian appeals court on Monday acquitted three former senior executives of Banca Monte dei Paschi di Siena (BMPS.MI) in one strand of a long-running derivatives case, boosting earnings prospects for the state-owned lender. Key Points
ReutersSave up to Rs 75,000 on cars under Rs 8 lakh: Big Diwali discounts on Maruti, Hyundai, Honda, Kia, Tata, M
Diwali is the time many people wait to go for big purchases. A car is one such aspirational product which is bought in great numbers around this festival. To cash on this high demand manufacturers and dealers try their best to come up with attractive discounts and deals to attract many prospective buyers. Here is a the list of deals and discounts you can get on buying a car around this Diwali. Key Points
Economic TimesThis Diwali if you are shopping online in India you must use this Google feature to save money
Google announced a new feature that can help you with online shopping in ways you possibly never imagined. Read on to know more. Key Points
India TodayTCS, Infosys, HCL Tech Q2 results show billion dollar deals aren't enough
Companies flexed a few levers to defend margins. These include raising utilization rates, increasing productivity measures, lowering the average cost of resources, further cutting subcon costs (sufficiently optimized by now), and managing SG&A, said Kotak's Kawaljeet Saluja. Analysts are building in 60-110 bps margin expansion over FY2024-26E for TCS, Infosys, and HCL Tech. Key Points
Economic TimesAmazon Great Indian Festival 2023: Top deals on smartphones, mobile accessories
Amazon Great Indian Festival 2023 is all set to begin in just a few hours. So, add your favourite smartphone to the cart and get it at a discounted price. Key Points
Hindustan Times
India sees robust surge in investments, marking 127% YoY growth in August 2023: PE/VC report
Investments in India reached $5.2 billion in August 2023, marking an 18% increase from the previous month and a 127% increase from the same period in 2022. However, the number of deals declined by 27% compared to last year. The infrastructure sector saw the highest investment, with Adani Power Limited receiving $1.8 billion from GQG Partners Inc. Key Points
Economic TimesBulk and block deals worth over Rs 8,400 crore this week. Piramal Enterprises, Airtel top charts
Investors Shah Rakesh and Satpal Khattar sold shares worth Rs 697 crore and Rs 510 crore, respectively in Eric Lifesciences and IIFL Finance. Meanwhile, HDFC Mutual Fund and BNP Paribas Arbitrage bought shares worth Rs 94 crore and Rs 51 crore in Eric Lifesciences and CEAT. Key Points
Economic TimesAdani Enterprises gains most from block deals this week. Know how ITC, Airtel, HDFC, others performed?
Star Health Insurance was the top loser and the stock fell 8.8% over the week. Overall 12 block deals were executed worth Rs 668 crore, according to a Nuvama report. Over 1.21 crore shares changed hands at an average price of Rs 551, this report said. Key Points
Economic Times'Mumbai Indians sees up to 22% jump in sponsor revenues'
Team sponsorships have emerged as an ideal option for many brands who can't afford to buy sponsorship on TV or digitally during the IPL, he said. Mumbai Indians has identified digital and licensing & merchandising as the next big drivers of revenue growth. Key Points
Economic TimesAmazon Great Indian Festival Sale: Grab up to 75% off on washing machines, refrigerators, AC and more
Discover unbeatable discounts of up to 75% on large appliances during the Amazon Great Indian Festival Sale. From washing machines and refrigerators to ACs, ovens, dishwashers, and chimneys, find top brands at amazing prices. Key Points
mint
Amazon Prime Day Beauty Deals: Check discounts on skincare, make–up, accessories and more
Amazon Prime Day is here, and that means great deals are available on skincare, makeup, and beauty accessories. Whether you're looking for a new foundation, a set of brushes, or a luxurious hand cream, you're sure to find something you love at a fraction of the price. Key Points
Economic TimesDiwali 2023 offers: Black Friday deals from Target, Walmart, Best Buy, and others
Diwali 2023 can become more joyful as several outlets have already started offering Black Friday deals. We have key details pertaining to Black Friday deals. Key Points
Economic TimesHCLTech wins $2.1 billion Verizon deal
This comes at a time when large IT providers have been announcing mega deals even as technology spends have been hit due to macroeconomic concerns in the US and Europe. Such large deals could be a factor of companies driving cost efficiencies and consolidating their vendors. Key Points
Economic TimesDeal values plummet 78 pc between January -June due to economic challenges: Report
India's deal-making activities declined in the first half of 2023 due to uncertainty causing supply chain disruptions, leading to inflation and fluctuating interest rates, according to a report by Grant Thornton Bharat. Only 676 deals with a total value of $ 23 billion occurred in this period, representing a decline of 78% and 42% in value and volume, respectively. Key Points
Economic TimesBlack Friday Sale USA 2023: Unlock the secrets and go on a shopping extravaganza; here are major deals thi
Black Friday, born from modest origins, has blossomed into a global shopping phenomenon. Its significance extends beyond discounted products, delving into the psyche of consumers and the strategies of retail giants. Key Points
Economic Times
Amazon Great Indian Festival Sale 2024: Pre-deals revealed across categories for impatient buyers
Amazon Great Indian Festival Sale 2024 is coming sooner than you realise. Check out the top pre deals that you can avail now before the sale comes for everyone. Key Points
mintBarclays begins culling 3% of its dealmakers-sources
Barclays Plc (BARC.L) initiated layoffs this week targeting 3% of its global investment banking workforce, people familiar with the matter said on Wednesday, as it attempts to streamline its franchise after a tumultuous year. Key Points
ReutersBulk deals Today: L&T Finance offloads stake in Zee Media; Madhusudan Masala, Kundan Edifice exchange hands
Bulk deals Today: According to NSE data, L&T Finance sold 31,49,467 shares of Zee Media Corp at an average price of ₹12.02. Key Points
mintIndia, Korea and Japan to see more IPOs while China stalls
While IPOs returned to major venues in Europe and the US, the slowdown in Asia was mostly due to Beijings decision to ramp up scrutiny of domestic new share sales as it tries to boost confidence in its equities market. Large deals in Hong Kong also vanished amid concerns about Chinas economy. The city hasnt hosted an offering larger than $1 billion since Oct. 2022. Key Points
Economic TimesVenezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief
HOUSTON (Reuters) - Venezuelan state oil company PDVSA has assigned loading windows this month to two vessels bound for India under crude spot deals with Italy's ENI and U.S.-based Chevron following a Key Points
ThePrint
Prime Day 2023 sale: Here are best Pokemon TCG deals to consider
Get ready for Prime Day 2023 because it's bringing some fantastic deals for Pokemon TCG enthusiasts. Whether you're a seasoned collector or a newbie, these deals are worth checking out. Key Points
Economic TimesBarclays, JPMorgan pull deals as angst freezes junk-debt market
As the ongoing turmoil grips the banking sector, global banks are pulling out of deals and pausing future ones amid tepid demands. Recently, JPMorgan Chase yanked a deal for Agiliti Health. Whereas, Barclays Plc recently shelved a pair of loans for Ineos Enterprises and Russell Investments Key Points
mintAmazon Mega Electronics Day sale: deals on smartwatches, laptops, more
Starting March 10, the Amazon Mega Electronics sale will be active, and customers can avail a 10% instant discount by using an HDFC Bank credit card on this day. Furthermore, customers can also enjoy a 10% instant discount with HDFC Bank, HSBC Bank, and Yes Bank cards from March 11 to March 14. Key Points
mintTCS management is confident that FY25 will be better than FY24. Here’s why
K Krithivasan says: You cannot look at the deal wins in the same lens as revenue. It does not follow the same revenue trajectory because there is always a certain amount of lumpiness as a timing issue. You need to look at over a long period of time, over the last four quarters, how the deal wins have been very strong. And this quarter, it is not aided by any mega deals because mega deals tend to be lumpy and all come from mid-sized deals. We are very happy with what we achieved in terms of deal wins. Key Points
Economic TimesWall Street gets creative as regulators demand more capital
Earlier this fall, Morgan Stanley (MS.N) bought $300 million worth of protection against losses on some of its loans from Blackstone Group (BX.N) and other investors, two sources familiar with the matter said. Key Points
Reuters
RBI’s TReDs on growth path; green shoots in IT hiring
RBI's invoice discounting platform (TReDS), meant for easy access to credit for small businesses, has seen increased usage in the past year. This and more in today's ETtech Morning Dispatch. Key Points
Economic TimesAmazon Great Indian Festival 2023: Top deals on home and kitchen appliances
Amazon Great Indian Festival 2023 is going to kickstart in just a few hours. It's time you get the best of home and kitchen appliances at discounted rates. Key Points
Hindustan TimesCyber Monday deals: Start time of Walmart, Target, Kohl's offers
Cyber Monday 2023 deals in the US generally attract thousands of buyers. There are hefty discounts and other lucrative offers. Key Points
Economic TimesAn Amitabh Bachchan advert has landed Flipkart in big trouble with mobile phone retailers
Smartphone retailers have accused Flipkart of misleading buyers with an advertisement featuring Amitabh Bachchan, claiming that online platforms offer better deals. In the advertisement, Bachchan says that the mobile deals offered by Flipkart will not be available at retail stores. The All India Mobile Retailers Association has written to leading smartphone brands, asking them to clarify that these statements are not accurate. Key Points
Economic TimesFlipkart Year End sale announced, starts on December 9: iPhone 14, Pixel 7 and more to get discount
Flipkart has announced a Big Year End Sale on its platform, which will start on December 9 and continue until December 16. The iPhone 14, Pixel 7 and more will get discounted. Here are the details. Key Points
India Today
Amazon Sale 2023: All deals on ACs, Refrigerators, Washing machines, TVs from top brands
If you are looking for the best electronics in the Amazon sale 2023 and want to know the best deals available, you have come to the right page. Check out the best ACs, Refrigerators, Washing machines, TVs and Kitchen Appliances in the Amazon sale. Key Points
Economic TimesEx-Google employees develop AI startup that lets you talk to celebs, company likely to invest millions in it
Google might invest in an AI startup developed by its former employees. The startup developed a chatbot that will let you talk to virtual versions of celebrities. Key Points
India TodayAmazon Great Indian Festival 2023 countdown begins: Get ready for the savings event of the year
The Amazon Great Indian Festival is just around the corner! Exclusive early access for Prime members. Discover incredible deals, secure payments, and hassle-free returns. Don't miss out on the best prices. Key Points
Economic TimesStartup woes: Funding drops by $1.2 billion from last March
India Business News: Private equity and venture capital investments in March 2024 dropped by $1.2 billion to $1.8 billion across 64 deals, contrasting the previous upward Key Points
Times Of IndiaFlipkart Diwali 2023 sale ends today: Best deals on iPhone 14, Pixel 7, and more
Flipkart's Diwali 2023 sale is live until today. Buyers can get heavy discounts on a wide range of products, especially smartphones like the iPhone 14, iPhone 13, and Pixel 7 series. Key Points
India Today
Flipkart Diwali 2023 sale ends tomorrow: Best deals on iPhone 14, Pixel 7, and more
Flipkart's Diwali 2023 sale is live until tomorrow. Buyers can avail heavy discounts on a wide range of products, especially smartphones like the iPhone 14, iPhone 13, and Pixel 7 series. Key Points
India TodayAmazon Great Indian Festival sale 2023: Top deals on Samsung S23, Moto Razr 40 and others revealed
The Amazon Great Indian Festival Sale 2023 is set to go live on October 8. Prior to the sale, the e-commerce website has announced its Kickstarter deals, offering discounts on popular smartphones, including the Samsung S23 Ultra and Lava Agni 2. Key Points
India TodaySamsung Biologics unveils $920 mln manufacturing deals for Pfizer
South Korea's Samsung Biologics announced on Tuesday two deals with Pfizer worth around a combined 1.2 trillion won ($921.38 million) to manufacture products for the U.S. pharmaceutical giant. Key Points
ReutersGovt urged to allow foreign currency transactions in country via RBI
Consultants and service providers in India have called on the government to cease routing domestic forex deals via the US banking system in order to save foreign currency and avoid transaction fees. At present, a fee is charged on USD transactions within India; these deals should be routed through the Reserve Bank of India to avoid the levy, consultants argued. Key Points
Economic TimesCCI gets powers to penalise tech firms based on global turnover
The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a strong business presence in India. Any such deals where the value exceeds Rs 2,000 crore will need to be notified to the Competition Commission of India (CCI). Key Points
Economic Times
National Pi Day 2024: What are restaurants like Blaze Pizza, Burger King and Taco Bell offering?
This national pi-day get some amazing deals on your favorite pies and cuisines. National Pi Day will see miraculous offers from Taco Bell, Papa Johns, Blaze Pizza, DoorDash, and others on Thursday, March 14. Key Points
Economic TimesInfosys BPM saw slowest growth in 6 years as revenue drops from top clients in FY23
Revenue at $934 million for the year ended March 31 grew at 4.2% from the year before. Operating margin of 17% was the narrowest in at least a decade. Key Points
Economic TimesDisney Star signs up five IPL sponsors as it preps for clash with Viacom18
Industry sources say that Disney Star is also in the advanced stages of discussions with advertisers to close sponsorship and spot-buy deals. A questionnaire sent to Disney Star remained unanswered till press time. Key Points
Economic TimesByju’s rights issue offer to estranged investors; TCS kicks off fresh hiring
Byjus held an extraordinary general meeting (EGM) this morning to increase its authorised share capital. None of the participating investors objected to the proposal. Key Points
Economic Times