BUSINESS
Liquidity surge can keep valuations elevated for an extended period
Investors should remember the fact that from the short term perspective valuations are stretched, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Crypto, blockchain sector saw $2.32 bn investment in Q2, lowest since Q4 2020: Report
According to the crypto investment firm Galaxy Digital, crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of 2022.
Proximus Group to acquire majority stake in Route Mobile
Proximus Group has signed a definitive agreement to acquire through Proximus Opal, a 58 per cent interest in Route Mobile, a global company specialized in CPaaS services, listed on NSE and BSE in India with a market capitalization of EUR 1.1 billion.
Over 13.5 crore Indians escaped poverty between 2015-16 & 2019-21: Niti Aayog report
Rural areas saw the fastest decline in poverty from 32.59 per cent to 19.28 per cent, according to the findings of the report titled "National Multidimensional Poverty Index: A Progress Review 2023", which was released by Suman Bery, vice-chairman of Niti Aayog.
Excesses in UPA era led to current govt inheriting weak economy with several institutions in distress
India has now moved up to the 5th rank in GDP globally compared to 10th in 2014; the per capita income rank, while still lagging at 127th, has improved from 147th in 2014, the report said. Landmark reforms such as GST mark this phase, and inflation control has also been remarkable. This has been led by lower MSP hikes, a lucky break on the crude/commodity price and prudent measures during the Covid-19 pandemic.
PM Modi to inaugurate new terminal building of Port Blair airport tomorrow
The inauguration of the new integrated terminal building, built at a cost of around Rs 710 crore, will play a key role in boosting connectivity of the island union territory. With a total built up area of around 40,800 sqm., the new terminal building will be capable of handling about 50 lakh passengers annually.
SIP which has delivered lower returns in the initial 5 yrs, delivered a better return in 10 yrs
A historical data analysis suggests that in the long term, it hardly matters if the investor invests via Daily, Weekly, or Monthly SIP Frequency.
US FDA calls aspartame safe, disagrees with WHO on potential cancer risk
On Friday, the WHO’s International Agency for Research on Cancer (IARC) labelled aspartame as “possibly carcinogenic to humans”. Soon after, the global health body’s Joint Food and Agriculture Organisation/WHO Expert Committee on Food Additives (JECFA), said there was no reason to change guidance.
Startups in India will increase 10x in next 4-5 years: MoS IT
In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, IT Rajeev Chandrasekhar highlighted India's remarkable progress in building unicorns and startups
Govt urges taxpayers to file returns as July 31 deadline won't be extended
Finance Ministry sources have indicated that taxpayers should file their returns as soon as possible as unlike last year, there is no likelihood of the July 31 deadline getting extended.
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