Qatar Airways to Acquire Minority Stake in Virgin Australia
Qatar Airways has finalized an agreement to acquire a minority stake in Virgin Australia, the country’s second-largest airline. Virgin Australia announced on Tuesday that Qatar Airways will purchase a 25% equity stake from its current owner, Bain Capital, pending approval from the government’s
Tokyo Stocks Rise on Weaker Yen and US Gains
Tokyo stocks climbed on Tuesday after a sharp drop the previous day, as bargain hunters capitalized on the dip, boosting the index. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose by 1.93%, or 732.42 points, closing at 38,651.97. The market
Make in India for Space and Geospatial Sector to Drive Growth by 2047: Amitabh Kant
The “Make in India” initiative, particularly in the space and geospatial sectors, is expected to fuel significant growth in the country by 2047, according to G20 Sherpa Amitabh Kant. Speaking at a high-level seminar titled “Make in India for Space and Geospatial Sector,”
SEBI Board Meeting: Focus on F&O Trades and MF Lite
The Securities and Exchange Board of India (SEBI) is set to convene a board meeting on Monday, with key discussions centered around futures and options (F&O) trading and mutual funds. Reports indicate that the markets regulator may implement stricter regulations on F&O trading
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal FinanceSENTIMENTSAAII Bull-Bear Spread +24.4% (high)$NYA50R, NYSE %Above 50-dMA 71.82% (overbought)$SPXA50R, SP500 %Above 50-dMA 79.00% (overbought)Delta MSI 74.4% (overbought)ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.98%, Hybrids 4.48%, Bonds 17.94%, M-Mkt 16.61%INTEREST RATESCME FedWatchCycle peak 5.25-5.50%Current 4.75-5.00%FOMC 11/7/24+
India’s Tourism Sector Set to Generate 39.5 Million Jobs by Year-End
India’s tourism sector is projected to create around 39.5 million jobs by the end of this year, with estimates rising to 42.3 million by 2025, according to a report released on Thursday. Direct employment will account for 31% of these roles, including positions
Sensex and Nifty hit record highs, with Maruti Suzuki and Wipro leading the gains.
Indian benchmark indices soared to record highs on Thursday, buoyed by positive global cues. As of 9:46 a.m., the Sensex was up 144 points (0.17%) at 85,314, while the Nifty gained 36 points (0.14%) to reach 26,040. Early trading saw both indices hit
Zerodha Preparing for Significant Revenue Decline Later This Year: CEO
Nithin Kamath, Co-founder and CEO of online brokerage firm Zerodha, announced on Tuesday that the company is experiencing a plateau in revenue and profit and is preparing for a substantial revenue decline later this year. In a blog post, Kamath highlighted that the
Sensex Flat, Power Grid and M&M Lead Gains
Indian equity markets were trading flat on Wednesday, influenced by mixed global cues. At 9:55 a.m., the Sensex was up by 21 points, or 0.02 percent, at 84,935, while the Nifty slipped 4 points, or 0.02 percent, to 25,934. The early trading showed
WHO and multilateral development banks sign a $1.5 billion agreement to finance primary health care.
In a major step to enhance healthcare in low and middle-income countries, the World Health Organization (WHO) and multilateral development banks (MDBs) have introduced a $1.5 billion primary health financing platform covering 15 countries. This groundbreaking initiative, part of the new ‘Health Impact
Sensex Hits Record High, Bharti Airtel and SBI Lead Gains
Indian stock indices hit an all-time high on Monday, buoyed by strong performances from major players like Bharti Airtel, State Bank of India (SBI), and Mahindra & Mahindra (M&M). In early trading, the Sensex and Nifty marked new records, reaching 84,862 and 25,911,
South Korean and US Space Agencies Collaborate on Research Initiatives
The Korea Aerospace Administration (KASA) has signed a joint statement with the US National Aeronautics and Space Administration (NASA) to enhance cooperation in various areas of space and aerospace research. The agreement was finalized at NASA headquarters in Washington, DC, during discussions between
Rahul Gandhi to Hold Two Election Rallies in J&K on Monday
Rahul Gandhi, Leader of the Opposition in the Lok Sabha, is set to visit Jammu and Kashmir on Monday to address two election rallies ahead of the second phase of the Assembly polls. Gandhi will begin his visit by arriving in Srinagar on
PM Modi interacts with Leading Tech CEOs, Showcases India’s Technological Advancements
Prime Minister Modi recently interacted with prominent technology CEOs, emphasizing India’s significant progress in the tech sector. During the discussions, he highlighted the country’s innovations and achievements, showcasing its growing role as a global leader in technology. Prime Minister Narendra Modi met with
India and US to Launch Semiconductor Fabrication Plant for National Security
India and the US are set to establish a new semiconductor fabrication plant named ‘Shakti,’ which will be among the world’s first multi-material fabs dedicated to national security. US President Joe Biden and Indian Prime Minister Narendra Modi have hailed this significant agreement
Oyo Acquires US Hospitality Chain with 1,500 Motels for $525 Million
In a move to enhance its international footprint, Oyo’s parent company, Oravel Stays, is acquiring the Motel 6 and Studio 6 chain, which comprises approximately 1,500 properties across the US and Canada, from investment firm Blackstone for $525 million in cash. This acquisition
FIIs invest ₹14,064 crore in the Indian equity market this week, with buying expected to persist.
Foreign institutional investors (FIIs) have ramped up their buying this week, pouring ₹14,064 crore into the cash market as Indian markets demonstrate resilience amid strong economic performance, data released on Saturday revealed. As of September 20, total FII investments reached ₹33,699 crore, bringing
Mutual Funds or ETFs?
Dr Krishna Gupta, YBB Personal FinanceIt’s a hot topic, but first some information about mutual funds & ETFs.Mutual funds are open-end funds (OEFs) that go back to 1920s. They are pools of stocks,bonds & alternatives that are passively (indexed) or actively managed. They
Sensex surpasses 84,000 for the first time, while Nifty reaches a new record high.
India’s leading stock indices hit all-time highs on Friday during mid-session trading, buoyed by positive market sentiment following the US Federal Reserve’s rate cut. The Sensex and Nifty achieved new peaks of 84,213 and 25,716, respectively, marking the first time the Bombay Stock
Tupperware Files for Bankruptcy as Its Iconic Containers Decline in Popularity
Tupperware Brands (TUP.N) has filed for bankruptcy protection in Delaware, struggling with significant losses due to waning demand for its once-popular colorful food storage containers. The brand saw immense popularity in the 1950s when “Tupperware parties” became a social staple, empowering women of