Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong…
India’s direct tax mop-up rose 7 per cent to over Rs 12.92 lakh crore between April 1 and November 10, lifted by stronger corporate tax inflows and a slowdown in refund issuances, latest government data showed.Refunds fell 18 per cent year-on-year to Rs 2.42 lakh crore during the period, aiding overall net collections, PTI reported….
AI image (Picture credit: DALL-E) The Indian government has proposed a new rule mandating e-commerce platforms to include filters allowing users to sort products based on their ‘country of origin’, a move aimed at improving transparency and promoting locally made goods.According to news agency Reuters, the draft amendment to the Legal Metrology (Packaged Commodities) Rules,…
Veterans Day 2025 will be observed on Tuesday, November 11, across the United States, honouring all who have served in the military –in both wartime and peace. Originally observed as Armistice Day in 1919, one year after the end of World War I, the day was renamed Veterans Day in 1954 to commemorate all American…
Net inflows into mutual fund equity schemes slipped nearly 19% month-on-month to Rs 24,690 crore in October, marking the third consecutive monthly decline even as retail SIP investments and gold ETFs remained resilient, data from the Association of Mutual Funds in India (Amfi) showed on Tuesday.Amfi attributed the decline in equity inflows largely to profit-booking…
Hiring across key consumption-linked sectors in India rose by 17% year-on-year during August to October, fuelled by strong consumer sentiment, festive spending and deeper market penetration, according to a report by workforce solutions provider Adecco India.As cited by news agency PTI, report stated that the festive quarter saw a notable 25% increase in gig and…
MUMBAI : The Insurance Regulatory and Development Authority of India (IRDAI) is closely examining the shortfall in the settlement of health insurance claims, even as more than half of the complaints received under the insurance ombudsman system relate to health policies.Speaking at the Bima Lokpal Day event on Tuesday, IRDAI chairman said that while the…
A delegation of over 20 Indian exporters from the engineering sector has begun a four-day visit to Moscow, aiming to expand trade opportunities in Russia as India looks to diversify its export markets following steep tariff hikes by the United States.According to news agency Reuters, the visit is part of New Delhi’s broader push to…
The grey market premium (GMP) for online investment platform Groww has sharply declined by nearly 70%, dropping from Rs 16 at its peak to around Rs 5 before its listing. This translates to a modest 5% premium over the IPO price of Rs 402 per share, signalling cautious investor sentiment after Lenskart’s weak listing.Prashant Tapse…
Franklin Templeton (India) has announced the launch of the Franklin India Multi-Factor Fund (FIMF), an open-ended equity scheme built on a data-driven, multi-factor quantitative investment model. According to the company, the fund aims to create long-term wealth through a systematic approach that selects stocks based on four factors — Quality, Value, Sentiment, and Alternatives (QVSA).The…
