Focus on value creation in CPSEs, not to push disinvestment just to meet targets: DIPAM Secretary
Pandey said there has been an improvement in the performance of public sector entities and markets have started valuing these entities in a much better manner. Also, LIC has contributed significantly to the total market capitalisation of CPSEs. According to the latest BSE data, LIC's market capitalisation stands at Rs 7.2 lakh crore. Key Points
Economic TimesAttrition, annihilation, or exhaustion? India has to pick the right strategy to win a war
The terrain of our Northern borders favours a strategy of attrition while conducting a defensive campaign. But on the Western front, a strategy of annihilation might be a better option. Key Points
ThePrintETMarkets PMS Talk: This 400-cr fund manager shifts from defence & railway stocks after booking multibagge
We remain constructive on the markets in Samvat 2080, apart from being long-term bullish. The recent sharp up move in FY24, has already seen some consolidation/correction in the month of October 2023. However, one must note that the rally has been on the back of strong earnings delivery. As a result, most frontline indices are trading at 20-30% lower valuation (in terms of 1-year forward PE) than the peak seen 2 years ago. Key Points
Economic TimesDeutsche Boerse forecasts increases in revenue and EBITDA through 2026
German exchange operator Deutsche Boerse (DB1Gn.DE) expects revenues to grow by around 10% each year on average through 2026, the company said on Tuesday as part of its strategy update. Key Points
ReutersHas the tide turned for IndusInd Bank and Suzlon? Deven Choksey explains
“IndusInd Banks underperformance of previous years have stabilised in the last four-five years. Time has probably come for them to register a decent growth if not better from current levels which would be somewhere around 20% average growth that they will be continuing to produce for at least next three-four years. One can remain a little bit more positive than before.” Key Points
Economic Times
Nifty @ record high: Foreign investors pour in nearly $3 billion on Dalal Street this week
FII strategy is focussed more on country-specific factors rather than sectoral prospects within a country. Thats why they adopted the ‘Sell India, Buy China strategy in Jan and February. During these 2 months, FIIs sold financial services for Rs 15,744 crores. Now, pursuing the ‘Sell China, Buy India strategy, the same FIIs have bought stocks in financial services for Rs 19,229 crores in June alone and this buying trend continues,Vijayakumar said. Key Points
Economic TimesNirmala Sitharaman's daughter Parakala Vangmayi gets married to PMO officer Pratik Doshi
Only close friends and relatives attended the intimate wedding, and no political leaders were present. Pratik Doshi, a graduate from Singapore Management School, is an Officer on Special Duty for research and strategy in the Prime Minister Office, while Vangmayi is a features writer in the Books and Culture section of Mint Lounge. Key Points
Economic TimesBullish on NBFCs, IT; FII inflows, domestic liquidity driving uptrend in markets: SAMCO MF
SAMCO MF follows the growth style of investing, said CEO Viraj Gandhi. The long-term buy and hold strategy and investing in businesses that pass their framework are key factors that helps the mutual fund generate alpha returns. Key Points
FinancialexpressBSP to hold special meeting on May 18 to discuss strategy for 2024 Lok Sabha polls
The Bahujan Samaj Party (BSP) will hold a special meeting to discuss the party’s strategy for the 2024 Lok Sabha election, said president Mayawati. The officials will devise concrete strategy to face the “fierce challenges” that have arisen “due to misuse of government machinery by the BJP”. Key Points
The HinduSpiceJet to revive 25 grounded planes
Amid Go First troubles, budget carrier SpiceJet has rolled out its strategy to resurrect 25 of its out-of-service planes. The revival expenses will be funded through the Emergency Credit Line Guarantee Scheme (ECLGS) provided by the government and improved cash inflow. Key Points
The Tribune India
North Korea slams US for labelling it as 'persistent threat'
North Korea criticised a new U.S. strategy on countering weapons of mass destruction for describing the reclusive state as among those it considers a "persistent threat," KCNA media reported on Wednesday Key Points
Business TodayClash of Clans: Conquer Town Hall 10 with these top attacking strategies
While established attacking tactics typically involve using a predetermined army composition, players can modify their strategies based on their opponent's base layout. Nevertheless, the essential components of a successful attack remain unchanged. In this article, we will delve into the best attacking strategies for Clash of Clans Town Hall 10 players in 2023. Key Points
mintICC World Cup & Investing: No single strategy will suit all teams and portfolios
“In cricket, the top order has to play fearlessly to maximise the field restriction in power-play despite being most prone to the risk of swinging the ball. Middle order has different roles of anchor or aggressor depending on the state of the game. An experienced middle order always provides the necessary balance to the team.” Key Points
Economic TimesNiranjan Gupta takes over as Hero MotoCorp CEO
Niranjan Gupta has taken over as CEO of Hero MotoCorp. Earlier, he was chief financial officer (CFO), Head of strategy and M&A, the two-wheeler maker said. Dr Pawan Munjal will continue as executive chairman, the company said. TNS Key Points
The Tribune IndiaJaguar Land Rover To Invest £15 Billion Over Next Five Years In Electric Push
The arm of Tata Motors Ltd. is executing this strategy to honour its commitment of achieving net-zero carbon emissions by 2039. Key Points
BQ Prime
ETMarkets Fund Manager Talk: Why does this portfolio manager think the traditional 60:40 asset allocation
After a year of rate-tightening, liquidity conditions may ease and interest rates may lower in 2024. Arindam Mandal, portfolio manager at Marcellus Investment Advisors, anticipates a return to the 60/40 asset allocation model for the average investor. For Indian investors, he recommends a 70% allocation to domestic equity and a 30% allocation to global equity. Key Points
Economic TimesEEPC suggests methods to boost India's engineering exports
In a meeting called by the Ministry of Commerce & Industry this week, EEPC India chairman Arun Kumar Garodia discussed various recommendations in the strategy paper to boost India's engineering exports. Pursuing new free trade agreements (FTAs) with emerging countries in Latin America and Africa, a scheme to support MSMEs in research and innovation, setting up a domestic shipping line, and global branding of Indian products were among the key suggestions. Key Points
Economic TimesGovind Jhawar who manages Rs 500 cr in AUM unveils his 3-step methodology to generate return with safety
Index long-term strategy is to generate equity returns with safety. This strategy is the combination of 3 smart steps: investing money in Index as the index provides us the confidence that it will never become zero and will rise sooner or later as it is the average of the Top 50 stocks of the country, believing in Equity + Safety = Prosperity , and trying to reduce the cost by doing Interest arbitrage. Key Points
Economic TimesIndia eyes $100bn annual FDI in coming years: IT minister Ashwini Vaishnaw
India Business News: India aims to attract $100 billion in annual FDI in the coming years. The country is seen as a trusted partner by companies and countries worldwide. Learn about India's strategy and growth potential. Key Points
Times Of IndiaI see no reason why Indian student numbers shouldn’t continue to grow in Australia: Philip Green
Australia's High Commissioner to India, Philip Green, has announced that commitments under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) will be upheld under the new Migration Strategy. Indian graduates will continue to be eligible for a Temporary Graduate Visa for two years for a bachelor's degree, three years for a Masters degree, and four years for a PhD. Key Points
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Italy govt could use MPS model as template for other privatisations - minister
The placement of a 25% stake in Monte dei Paschi di Siena (MPS) (BMPS.MI) by Italy's Treasury earlier this week could serve as a template for Rome's strategy to cut its stake in other state-controlled companies, the economy minister said on Thursday. Key Points
ReutersIreland wants to further deepen its strong economic, cultural ties with India
The Irish government is eager to strengthen its economic and cultural ties with India as part of its renewed Asia Pacific strategy, according to Deputy Prime Minister Micheal Martin. Ireland's Asia Pacific Strategy, which aimed for €100 billion in trade with the region by 2025, has already surpassed this target two years ahead of schedule. Key Points
Economic TimesImproving employee experience helps boost profitability, says global survey
Improving employee experience (EX) is a key goal for C-Suite executives, according to a report by NTT. The report highlights that enhancing EX can lead to improved employee satisfaction, productivity, retention, and automation. However, only 42% of organizations align their technology strategy with their EX strategy. Key Points
Economic TimesConsumer companies gear up to weather climate risk
Companies such as Swiggy and Zomato have tied up with weather forecasting agencies and in-house experts to ensure delivery disruptions are reduced. Additionally, Coca-Cola is adopting an all-weather strategy that includes home stocking of beverages and increasing trade discounts during extreme climate conditions. Key Points
Economic TimesHow laddering, barbell can get better returns for FDs
Fixed deposits (FDs) are a popular investment option in India, but investors may not be aware of barbell or laddering strategies that can boost returns. The barbell strategy involves dividing an FD portfolio into short-term and long-term deposits to take advantage of interest rate fluctuations, while the laddering strategy involves spreading investments across different maturities. Careful selection of the compounding period can also enhance returns. However, both strategies carry risks, such as lower overall returns due to interest rate fluctuations, reduced liquidity and exposure to interest rate risk. Regular assessment and diversification can help mitigate these risks. Key Points
mint
FPIs unleash turbulence with Rs 21,000 cr weekly selloff in sudden shift
In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Key Points
Economic TimesCommerzbank Q3 net profit more than triples, beats expectations
Germany's Commerzbank (CBKG.DE) said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update. Key Points
ReutersFPI buying hits 10-month high of Rs 47,148 crore in June; markets rise to record high
June was a strong month for foreign portfolio investors (FPIs) in India, with a total inflow of Rs 47,148 crore. This marked the fourth consecutive month of net buying in domestic stocks for FPIs. The sustained FPI flows can be attributed to improving macroeconomic conditions and a reversal in FPI strategy. In the first half of 2023, FPIs have invested a total of Rs 76,407 crore. However, FPIs may become more cautious in the future due to rich valuations in India. Key Points
Economic TimesTax saving as well as better returns? Harsha Upadhyaya has the answer
Kotak Tax Saver Fund's CIO – Equities, Harsha Upadhyaya emphasized the benefits of investing in Equity-Linked Saving Scheme (ELSS). Apart from tax savings, ELSS allows investors to invest in India's growth and achieve better returns than other tax-saving instruments. Upadhyaya stressed his focus on a long-term view with a diverse portfolio allocation while considering top-down and bottom-up approaches for selecting sectors and stocks. He affirmed fund managers' active investment decision-making strategies, making it similar to other equity funds. He suggested investors participate in equity savings schemes regularly throughout the year for better returns. Key Points
Economic TimesVaishnaw makes a case for reforming economic laws to suit India's growth requirement
Union Minister Ashwini Vaishnaw advocates for reforming economic laws in India to align with the country's growth requirements, using the enactment of three new criminal laws as an example. He also highlights the government's focus on the manufacturing sector for employment generation. NITI Aayog introduced 'NITI For States' and the 'Viksit Bharat strategy Room' to enhance decision-making. Key Points
Economic Times
India vs England 4th Test: ENG skipper Ben Stokes raises questions about Ranchi pitch, says 'Never seen…'
India and England prepare for the 4th Test in Ranchi with India leading the series. Ben Stokes raises questions about pitch conditions, but Indian coach Vikram Rathour remains confident in team balance. Key Points
mintMyntra appoints Venu Nair as Chief of Strategic Partnerships and Omni Channel
Nair comes with an experience of over 30 years in retail, sourcing, business analysis and strategy. He has joined Myntras senior leadership team where he will be responsible for strengthening Myntras existing international brands portfolio, while building strategic partnerships with leading global brands and will also be managing omni channel strategy for brands. Key Points
Economic TimesRetirement planning: What is the 3 bucket strategy for retirement?
Retirement corpus: The three bucket retirement planning strategy helps manage changes in the market while taking out money. It helps retired people meet their financial needs at different stages of retirement. Key Points
Economic TimesWhy retirees refuse to spend their own money
Discover why retirees hesitate to spend their own money and explore the reasons behind their reluctance. Learn how to overcome this mindset and make informed spending decisions. Key Points
Times Of IndiaCitigroup to cut 20,000 jobs amid restructuring, posts $1.8 billion
International Business News: Citigroup announces restructuring plan under CEO Jane Fraser to save $2.5 billion. Q4 performance disappoints with revenue drop; Fraser aims to reduce Key Points
Times Of India
Amazon’s Audible fired over 100 employees
Amazon's Audible division to reduce its workforce by approximately 5 per cent as part of the company's broader efficiency strategy. The move follows similar layoffs in other Amazon units. Key Points
India TodayBoth men and women seek white-collar gig jobs, but for different reasons
While women take up white-collar freelance roles primarily to enable them to stay in the workforce, men choose independent roles to build their professional brand, according to research into work patterns carried out by the white-collar gig platform Flexing It. The skill architecture is different too. Technology has emerged as a major skill area for both. Skills like strategy and business development, as well as supply chain and logistics, have a significant supply of highly skilled male consultants. This is contrasted by the skills of HR and finance that female consultants bring in large proportions. Key Points
Economic TimesImmigration Wrap 2023: The world wants more foreign workers, but only the highly skilled ones
In 2023, there was a global competition for highly skilled workers, and Canada strategically embraced immigration to mitigate economic decline. Germany introduced the 'Opportunity card,' and Australia implemented the Skills in Demand visa. UK and Australia also introduced stricter reforms to control the quality of workers entering their workforce. Key Points
Economic TimesHSBC hires UBS's Gautam Anand for role serving India's rich diaspora
“Our strategy is grow Singapore as an international wealth hub as part of our ambition to be Asias leading wealth manager,” Tommy Leung, the banks head of private banking for South Asia, said in the memo. Anands appointment will support the banks ability to serve clients across markets, said Leung, who joined the bank earlier this year also from UBS. Key Points
Economic TimesGM's Cruise plans re-launch for driverless robotaxis, cut roles
General Motors' (GM.N) robotaxi unit Cruise said on Wednesday it was planning to re-launch in one city and cut some roles, over a month after it pulled its self-driving vehicles from U.S. testing due to an accident. Key Points
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Santander's Botin targets auto finance, renewables in U.S. banking push
Banco Santander Executive Chair Ana Botin plans to deepen the lender's corporate banking presence in the U.S. in renewable finance, auto lending and wealth as part of a broader strategy to expand in the world's biggest economy. Key Points
ReutersSnipers, underground bunkers, pipe bombs — Naxals’ new strategy ‘to counter aerial strikes in Bastar’
80-page document, originally in Gondi, details strategies to counter aerial strikes through diagrams & images. In last 2 yrs, security forces have denied aerial bombing Bastar. Key Points
ThePrintShriram Housing Finance eyes Rs 30,000 crore AUM by FY26
Shriram Housing Finance plans to triple its asset under management (AUM) to INR 30,000 crore by FY2026 with Vision 2026 plan. The company plans to double the branch network and manpower count in the next two-and-a-half years. It also plans to launch approved project finance and loans for under-construction properties in FY24-25. Key Points
Economic Times