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- Proxy advisory firms offer disparate recommendations to Finolex Cables shareholders on re-appointment of Chairmanon September 23, 2023 at 11:58 am
InGovern Research has suggested that FCL shareholders seek a postponement of the resolution, citing concerns over the adequacy of the notice period. On the other hand, Stakeholders Empowerment Services (SES) has advised shareholders to vote against it, while Institutional Investors Advisory Services (IiAS) has recommended that shareholders vote in favour of the resolution.
- AI fantasy fades as Wall Street reels from real-world rate jumpon September 23, 2023 at 11:39 am
The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell’s commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and skepticism is growing as the cost of borrowing climbs. Higher rates are pressuring companies and threatening to impact their valuations. The tech-heavy Nasdaq 100 has already dropped over 5% in September.
- 3 stock recommendations by Rajesh Palviya for the upcoming weekon September 23, 2023 at 11:36 am
The view is a little negative for HDFC Bank; 1500 to 1480 is the immediate target on the downside. Keep your stop loss if you are on the short side of the trade at 1560, says Rajesh Palviya, Axis Securities
- Dalal Street Week Ahead: Tread Carefully! Corrective action can take Nifty to 19,000 levelson September 23, 2023 at 11:15 am
Despite the corrective decline, the volatility index, as represented by India VIX, did not rise. In fact, it declined marginally by 2.20% to 10.66 on a weekly basis. This continues to keep the markets vulnerable to incremental corrective retrenchment.
- Dollar-rupee to trade in Rs 82-84 in 2HFY24: CARE Ratingson September 23, 2023 at 10:58 am
The weakness in Chinese Yuan is expected to persist until China unveils substantial stimulus measures, and this is likely to exert downward pressure on the currencies of other emerging Asian markets.
- Very difficult week awaits Indian markets; Ajay Bagga explains whyon September 23, 2023 at 10:29 am
Today, if you look at multi-assets across the world, the safest haven is to buy some dollars and sit tight. Second could be some commodities, maybe some crude oil you could buy and just wait it out. Otherwise, a lot of other assets are looking very wobbly and we are in everything must selloff mode. In India, we are in a different situation where the macro is strong, says independent market expert Ajay Bagga.
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- Peiter ‘Mudge’ Zatko, hacking icon of the ’90s, is back as a whistle-blower. He wants to fix Twitter.on September 19, 2023 at 10:45 pm
On May 21, 1998, at the Dirksen Senate Office Building, Peiter Zatko, with his Jesus-like flowing locks, boldly declared the Internet “woefully insecure”. Zatko and his friends succeeded in earning recognition for their community in the Senate. Now, after being employed and later ousted from Twitter, Zatko is back as a whistle-blower, exposing hidden vulnerabilities of the social-media platform.
- Koo at a crossroads: why India’s home-grown microblogging platform is facing difficult choiceson September 17, 2023 at 10:45 pm
While Koo claims it came close to beating X (formerly Twitter) in India within six months, the current market conditions have now forced it to explore strategic partnerships or funding. What led the company into this predicament? Here’s the story, pieced together from conversations with industry insiders, brands, users, and digital-marketing executives.
- The duping of a Kerala senior citizen could be India’s first deepfake con – the crime of the futureon September 13, 2023 at 11:00 pm
A deepfake is an audio clip, image, or video edited using an algorithm to replace the person in the original with someone else in a way that makes it appear authentic. With the democratisation of AI tools, it can become an element of crime in the future, as scammers use the dark art of deepfakes to defraud people.
- Seven issues Byju Raveendran needs to urgently fix to save his besieged ed-tech empireon September 12, 2023 at 10:30 pm
Byju’s pressing need of capital may be addressed by the sale of a couple of subsidiaries that it is planning. But there are deeper problems, which can only be addressed by a complete overhaul of its sales practices, organisational structure, and business conduct.
- Large language models aren’t people. Let’s stop testing them as if they were.on September 11, 2023 at 11:30 pm
Multiple researchers claim large language models can pass tests designed to identify certain cognitive abilities in humans. Such results are feeding a hype that these machines will soon come for white-collar jobs. But there’s little agreement on what those results really mean. Some people are dazzled by what they see as glimmers of human-like intelligence; others aren’t convinced one bit.
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- Maritime and land routes not distinct but part of silk roads ecosystem: Peter Frankopanon September 23, 2023 at 7:00 pm
“Certainly, massive new investment in infra, energy, transport and communications can, and will, help boost trade even further. But this is a proposed stimulus to something that already exists. The Middle East is already home to a large Indian diaspora, and there are very close trade ties already; the same with Europe,” Frankopan said.
- Showing (Corri)door to China’s clout: How IMEC can help India leverage its trade and geopolitical potentialon September 23, 2023 at 6:43 pm
The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe. The proposal also includes a new railway line across the Arabian peninsula, with cables for electricity and digital connectivity and pipes for clean hydrogen running in parallel.
- Even China’s 1.4 bln population can’t fill all its vacant homes: Former officialon September 23, 2023 at 12:41 pm
A former Chinese official has criticized the country’s property market, stating that even with a population of 1.4 billion, there are still too many empty apartments. China’s property sector has been struggling since 2021, when real estate giant China Evergrande defaulted on its debt. The National Bureau of Statistics reveals that as of August, there is a combined floor area of 648 million square meters of unsold homes.
- AI fantasy fades as Wall Street reels from real-world rate jumpon September 23, 2023 at 11:39 am
The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell’s commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and skepticism is growing as the cost of borrowing climbs. Higher rates are pressuring companies and threatening to impact their valuations. The tech-heavy Nasdaq 100 has already dropped over 5% in September.
- Dalal Street Week Ahead: Tread Carefully! Corrective action can take Nifty to 19,000 levelson September 23, 2023 at 11:15 am
Despite the corrective decline, the volatility index, as represented by India VIX, did not rise. In fact, it declined marginally by 2.20% to 10.66 on a weekly basis. This continues to keep the markets vulnerable to incremental corrective retrenchment.
- Why industrial commodity prices are under pressureon September 23, 2023 at 9:02 am
Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.
- Decoding market corrections: A deeper look at time and price factorson September 23, 2023 at 8:46 am
Sustained negative returns over two consecutive years are very rare. Furthermore, investors must also be prepared for time corrections, where the market may take an average of around 30 months over the past decade to recover and reach previous peak levels.
- Surge in option trading: Is it a systemic risk or price stability tool?on September 23, 2023 at 8:30 am
The other interesting piece is that 95% of the volume in the options segment is in index options. The following table shows volume break-up as of August 22, 2023, and what becomes very clear is that the stock options are a tiny part of the total options market.
- Where are yields headed on Indian bonds’ inclusion in JPMorgan Global Bond index?on September 23, 2023 at 7:33 am
India’s economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.
- “Deeply concerned…critical that probe proceeds”: Antony Blinken on India-Canada diplomatic rowon September 23, 2023 at 2:01 am
The United States is concerned about Canadian Prime Minister Justin Trudeau’s comments about India’s potential involvement in the murder of a Khalistani activist. Secretary of State Antony Blinken called for India to cooperate with Canada’s investigation into the killing, stating that accountability is important. The US has been consulting and coordinating closely with Canada on this matter. India has rejected Canada’s allegations, calling them absurd and motivated. The diplomatic dispute has put President Joe Biden in a difficult position as he tries to strengthen ties with both India and Canada.
Tech
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- As Micron unit kicks off, govt says two more proposals likelyon September 24, 2023 at 12:30 am
Tata Projects will lead construction in the plant’s first phase, which entails building 500,000 square feet of planned cleanroom space, said Micron vice-president Gursharan Singh.
- For startups, customer is king and consultanton September 24, 2023 at 12:30 am
In competitive ecommerce, founders and execs directly connect with users for mkt insight
- Number of govt-recognised startups crosses 1 lakh markon September 23, 2023 at 4:00 pm
The number of government-recognized startups has increased to over 1 lakh at present from 450 in 2016, Commerce and Industry Minister Piyush Goyal said on Saturday.
- Ather Energy’s operating revenue hits Rs 1,783 croreon September 23, 2023 at 2:22 pm
The electric scooter maker, backed by Hero MotoCorp Ltd, had recorded an operating revenue of Rs 408 crore on loss of Rs 344 crore in FY22.
- Britain uses UN speech to show that it wants to be a leader on how the world handles AIon September 23, 2023 at 1:23 pm
Britain pitched itself to the world Friday as a ready leader in shaping an international response to the rise of artificial intelligence, with Deputy Prime Minister Oliver Dowden telling the U.N. General Assembly his country was “determined to be in the vanguard.”
Telecom + OTT-Prime-Economic Times Telecom and OTT News: Read exclusive Telecom and OTT analysis stories. Latest Telecom news, OTT latest updates, announcements, new plans, launches and more on ETPrime.
- Finding MIMO: the adventures of Dr. Arogyaswami Paulraj — patriot, scientist, inventor, and visionaryon September 11, 2023 at 10:30 pm
Few know that an Indian professor invented MIMO, the building block of today’s 4G, 5G, and Wi-Fi networks. On one plane, it’s the story of a small-town boy’s rise to the global stage via two disparate institutions — the Indian Navy and Stanford University. On another, it’s a journey in which serendipity complemented an urge to challenge the frontiers of technology.
- Compelling narratives, localisation, and rooted partnerships: How Prime Video cracked the India codeon September 10, 2023 at 10:30 pm
Amazon Prime Video is battling mounting challenges in its home turf, the US, but it seems to have cracked the tough India code with a curious mix. A peek into its fascinating approach to creating compelling content and making it available to a wide array of audiences.
- Decoding direct-to-mobile broadcast tech: challenges and opportunitieson August 23, 2023 at 11:00 pm
In an imagined conversation, John, a fictitious tech junkie, and Dr Prime, our in-house know-it-all virtual assistant, dig deeper into the nuances of direct-to-mobile technology, the challenges in deploying it, and an alternative way forward.
- Quality customers, brilliant experience: How Airtel’s strategic focus helped it make a strong comebackon August 17, 2023 at 10:30 pm
Strategic focus on quality customers and the never fading obsession for providing the best experience to customers has been the key mantra behind Airtel’s strong comeback over the past few years. Though it had its own share of ups and downs, the sharp focus on the vision and flawless execution helped it navigate the odds.
- After TikTok, India is hooked to Reels and Shorts. Why Josh, Chingari et al. are losing audience?on August 3, 2023 at 11:15 pm
Homegrown short-video apps that thrived during the pandemic and after TikTok’s exit are now facing challenges. They are struggling to retain user base and witnessing a decline in subscribers. However, Instagram Reels and YouTube Shorts have continued to gain traction and grow in popularity. Where are the Indian apps lagging?
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- Billionaire investor Mark Cuban loses $870K in crypto scamon September 17, 2023 at 8:04 am
Mark Cuban, an American businessman, investor, film producer, and television personality, lost about $8,70,000 to a crypto scam late on September 15.
- Coinbase gets approval to offer crypto futures to eligible US customerson August 16, 2023 at 1:21 pm
Now that it has received approval, Coinbase says eligible US customers will be able to access regulated derivatives products through Coinbase Financial Markets, subject to the oversight of the Commodity Futures Trading Commission and the NFA.
- Crypto Regulatory Bill passes US Congressional Committee: How India can benefit from It?on August 14, 2023 at 9:20 am
The recent advancement of the regulatory bill by the US congressional committee signifies a groundbreaking effort to provide much-needed clarity to the evolving crypto industry
- Crypto Price Today: Bitcoin holds below $29,400; Shiba Inu, Dogecoin falls up to 3%on August 14, 2023 at 7:39 am
“Crypto markets remained sideways over the weekend with Bitcoin trading close to $29,400. The lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. This shows that traders may have been avoiding making moves at the current levels,” said, CoinDCX Research Team.
- Crypto Price Today Live: Bitcoin falls below $28k; Dogecoin, Shiba Inu shed up to 7%on April 3, 2023 at 7:51 am
Other top crypto tokens were also trading lower. Dogecoin declined over 7%. Shiba Inu, Solana and BNB were also trading lower. The global cryptocurrency market cap was trading lower around $1.16 trillion, falling 2.27% in the last 24 hours.
Forbes India Audio Feed Forbes India, in association with TheIndicast.com, brings you big-picture analyses by the journalists behind the Forbes India magazine. Listen to incisive reports on what went into developing the cover story of the fortnight, and insights on what this means for India’s vibrant business landscape in context.
- Instagram testing new ‘Collab’ in India; Clubhouse no longer invite-only; and Ajit Narayanan on AI in healthcare at Mfineon July 22, 2021 at 9:34 am
Instagram is testing a new feature ‘Collab’ with creators in the UK and India to help them increase audience reach. Wipro announced new partnership with Celonis, an execution management company. Byju’s, one of the world’s biggest EdTech companies, has acquired Epic Creations for $500 million. And in our tech conversation, CTO Ajit Narayanan talks about bringing AI to consumers at online healthcare services company Mfine Read more
- Unpacking untold stories of India’s banking ecosystem, with Tamal Bandyopadhyayon July 21, 2021 at 4:26 pm
‘Pandemonium’ by veteran banking editor Tamal Bandyopadhyay narrates untold gripping stories from the Indian banking ecosystem. From the bad loans war room created far from the Mint street in Mumbai, to the arrests made in connection to the disbursal of such loans, he breaks down the nuances of bad loans in India, the key faces, and a collection of rare interviews of all the Reserve Bank of India governors on what they think has caused the big banking mess Read more
- ‘Best day ever’, Jeff Bezos after space flight; Swiggy raises $1.25 bn; and Sandeep Nailwal explains the basics of Polygon (Part 2)on July 21, 2021 at 10:16 am
Amazon’s founder Jeff Bezos said it was his ‘best day ever’ on Tuesday, after he made a historic sub-orbital flight to space in a capsule, carried by a rocketâe”both built by his company Blue Origin. This was 21-year-old Blue Origin’s first human space flight. Swiggy raises $1.25 billion to go beyond food delivery. And in our tech conversation, part 2 of a chat with Sandeep Nailwal on the basics of Polygon’s blockchain for Ethereum Read more
- Inside Reliance Industries’ gala renewable playon July 20, 2021 at 11:38 am
With Rs 75,000 capex play, Reliance Industries is planning to give green energy its Jio moment—the move has the potential to make RIL the largest green energy business in India, Samar Srivastava, cover story author gives a peek into the cover story Read more
- HCL’s Shiv Nadar steps down; Pegasus can hack iPhones with no clicks; and Sandeep Nailwal explains Polygon’s basics (Part 1)on July 20, 2021 at 10:04 am
HCL Technologies founder Shiv Nadar has stepped down from his position as chief strategy officer and managing director, India’s third biggest IT services company told the stock exchanges on Monday. The company has named Nadar as chairman emeritus and strategic advisor. CEO C Vijayakumar has been named managing director as well, for a term five years. In today’s tech conversation, Sandeep Nailwal, co-founder of Polygon, explains the basics of the rising blockchain protocol Read more
Small Business Find the top small business news, headlines, and videos about entrepreneurs, venture capital, jobs, start-ups, and more in CNBC’s Small Business section.
- AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.on September 21, 2023 at 8:49 pm
Companies including UPS and Amazon continue to be challenged by package theft. UPS thinks AI may be the best cop for this crime beat.
- Here’s what tax pros recommend after the IRS halts processing for small business tax crediton September 18, 2023 at 7:50 pm
As the IRS pauses on processing new employee retention tax credit claims, some filers are in limbo as the agency works on further guidance. Here’s what to know.
- IRS halts processing of a small business tax break amid ‘surge of questionable claims’on September 14, 2023 at 7:53 pm
The IRS will immediately stop processing new claims for the employee retention credit to protect filers from a “surge of questionable claims.”
- The disaster era business loans that are becoming key to Main Street’s survivalon September 11, 2023 at 10:37 pm
Hawaii wildfires and Hurricane Idalia underscore the costly effects of natural disasters on small business. Knowing the emergency funding options is critical.
- Small business confidence is tanking again, especially in banks and Bidenon August 23, 2023 at 9:04 am
Main Street confidence is back at an all-time low, with notable sentiment drops related to President Biden and big banks, according to CNBC, SurveyMonkey data.
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- McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 yearson September 23, 2023 at 10:23 pm
McDonald’s franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations.
- UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Fordon September 22, 2023 at 7:37 pm
The strikes at the GM and Stellantis parts suppliers will add roughly 5,600 auto workers to the UAW’s ongoing strikes at the Detroit automakers.
- Automakers question UAW’s strike motives after leaked ‘chaos’ messageson September 22, 2023 at 5:01 pm
UAW communications director Jonah Furman discussed targeted strikes as causing “recurring reputations damage and operational chaos” to the automakers.
- Amazon is bringing ads to Prime Video — the ad-free option will cost an extra $2.99 a monthon September 22, 2023 at 3:42 pm
Amazon’s Prime Video is joining the list of streaming services that will have an ad-supported option.
- Saudi crown prince says he will keep ‘sportswashing’ as criticism of the practice growson September 21, 2023 at 7:38 pm
Saudi Crown Prince Mohammed bin Salman embraced ‘sportswashing’ criticism in a Fox News interview, saying the practice has led to a growth of GDP.
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- Ray Dalio warns of ‘great disruptions,’ shares top tips for new investorson September 18, 2023 at 2:07 am
Bridgewater’s Ray Dalio said it is important for new investors to have a diversified portfolio as economic and geopolitical headwinds continue to rage on.
- Top Wall Street analysts say these stocks have the best growth prospectson September 17, 2023 at 11:50 am
TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Lululemon and Chipotle.
- Activist Elliott makes inroads at Catalent to build value. Here’s what could happen nexton September 16, 2023 at 12:35 pm
Elliott recently entered a cooperation agreement with Catalent. This could pave the way for some major changes at the pharmaceutical company.
- Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bondson September 15, 2023 at 7:32 am
Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over bonds.
- Top Wall Street analysts select these dividend stocks to enhance returnson September 10, 2023 at 11:11 am
TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Dell and Verizon.
Personal Finance Find personal finance top news, headlines, and videos from credit cards, mortgages, retirement, savings, taxes, and more from CNBC’s Personal Finance section.
- Delta’s emergency savings initiative offers workers up to $1,000 each. Here’s how it workson September 23, 2023 at 12:30 pm
Delta Air Lines is giving employees up to $1,000 to boost their emergency savings — and more than 90,000 workers are eligible.
- UAW strikes could make 2023 the biggest year for labor activity in nearly four decadeson September 22, 2023 at 7:02 pm
The “summer of strikes” needs a new name — there is no sign of a slowdown in workers walking off the job.
- Passport delays are still long: Apply at least 6 months ahead of travel, says State Departmenton September 22, 2023 at 6:32 pm
Record-high demand for passports has led to backlogs that haven’t eased since the spring.
- Could the United Auto Workers strike affect car prices? ‘Inevitably yes,’ expert sayson September 22, 2023 at 4:46 pm
The United Auto Workers strike threatens to put pressure on already-high car prices.
- Social Security benefits may be cut by at least 20% in the next decade. Here’s how Congress may fix thaton September 22, 2023 at 1:43 pm
Social Security benefits are at risk for a “crisis” of cuts in the next decade. Here’s what lawmakers say now about addressing the program’s funding woes.