BUSINESS
How this brokerage house lets you invest in new equity based on MSCI indexes
The Smartfolios Select basket represents securities from selected Global Industry Classification Sector (GICS) sub industries like food retail, department stores, distillers & vintners, diversified support services, financial exchanges & data, Internet & direct marketing retail, footwear, movies & entertainment, interactive media & services, and interactive home entertainment.
Ex CAG Rajiv Mehrishi, Sudha Murthy join PM CARES advisory board
The Trust further decided to nominate eminent persons for constitution of the fund's advisory board. These include former Comptroller and Auditor General of India Rajiv Mehrishi, former chairperson of Infosys Foundation Sudha Murthy, and Anand Shah, co-founder of Teach for India and former CEO of Indicorps and Piramal Foundation.
ECB chief pledges more rates increases to bring down inflation
"Moving faster at the start of the hiking cycle clearly conveys our commitment to bring down inflation to our medium-term target," Lagarde said while addressing an event here. As inflation in the euro area is hovering at historically high levels, the ECB lifted main interest rates twice this year by a total of 125 basis points, reports Xinhua news agency.
Against 400 Vande Bharat trains announced in next three years, only two operating
The first Vande Bharat Express, India's first semi-high speed train from Delhi to Varanasi, was flagged off by Prime Minister Narendra Modi on February 15, 2019. The Vande Bharat Express, which became the fastest train in the country, has proved with its speed that it not only makes passengers reach their destination in less time, but also delivers a flight-like experience to them.
Crypto market maker Wintermute loses $160 mn in hacking
In a tweet, Wintermute's founder and CEO Evgeny Gaevoy said that they have been hacked for about $160 million in their DeFi operations. "Cefi (centralised finance) and OTC (over-the-counter) operations are not affected. We are solvent with twice over that amount in equity left," he posted. Wintermute has Lightspeed Venture Partners, Pantera Capital and Fidelity's Avon among as its investors.
Are Pakistani and Chinese utilities set to quarrel over electricity payments?
While the Dadu power station, located in the Sindh province supplying electricity to millions of people, has been saved, threats remain with forecasts suggesting that there could be more rains. Pakistan Prime Minister Shehbaz Sharif has underlined the need to protect the 500 KV plant at all costs. "For uninterrupted power supply, the protection of grid station is necessary," he had said.
5G FWA services to generate $2.5 billion in operator revenue by 2023 globally
The staggering growth will be driven by 5G's advanced network capabilities, such as ultra-low delay and increased data processing to provide connectivity services that were previously unachievable with 4G technology, according to Juniper Research. FWA includes services that provide high-speed Internet connectivity through cellular-enabled CPE (customer premises equipment) for uses including broadband and IoT networks.
SpiceJet places nearly 80 pilots on leave without pay for 3 months
"This measure, which is in line with SpiceJet's policy of not retrenching any employee which the airline steadfastly followed even during the peak of the Covid pandemic, will help rationalise the pilot strength vis-a-vis the aircraft fleet," said a Spicejet spokesperson. SpiceJet had, in 2019, inducted more than 30 aircraft following the grounding of the 737 MAX aircraft.
RBI Governor stresses fintech's role as a force multiplier
"Technology, innovation and fintech are working in tandem and contributing to the dynamism of the sector. In our journey towards higher level of sustainable development and financial inclusion, these forces morphed into force multipliers," Das said.
India's fintech market to reach $1 trillion by 2030: Chief Economic Advisor
Speaking at the 'Global Fintech Fest 2022' (GFF 2022), he noted that a major shift towards a more equitable distribution of investment across sectors including insurtech and wealthech, etc, has started taking place."We are talking about bridging the digital divide and the economic divide. Therefore the focus now is on how the combination of technology and finance is enabling access to finance and access to opportunities," Nageswaran told the gathering.
Don't Miss
Advertisement