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The Economic Times

Survival of the fittest in the startup world and beyond: Jitendra Chouksey on building strong businesses at ET Soonicorns Summit 2024

At the ET Soonicorns Summit 2024, fitness-tech entrepreneur Jitendra Chouksey, Founder of Fittr, will share his journey and insights into the dynamic intersection of fitness, technology, and entrepreneurship. The summit, themed ‘From Resurgence to Resilience,’ will take place on September 20 in Bengaluru and will feature some of India's leading soonicorn founders and industry leaders. Register now!

Business Standard

Govt mulling lifting ban on non-basmati rice export: Food Secretary

The government is mulling lifting the ban on export of certain varieties of non-basmati rice, Food Secretary Sanjeev Chopra said on Wednesday. "It (lifting of export ban on white rice) is also under consideration of the government. These things are dynamic and we will take an appropriate decision depending on the requirement and stocks available," Chopra told reporters. Export of non-basmati white rice has been banned since July 20, 2023 to boost domestic supply. The government has extended 20 per cent export duty on parboiled rice indefinitely. The secretary said there is ample stock of rice in the government godowns and retail prices are also under control.

Mint

Microsoft CEO Nadella says future of leadership lies in adaptability, connection, and creating meaningful experiences

Microsoft CEO Satya Nadella underscores the crucial role of adaptability in leadership, especially in today's dynamic world. 

The Economic Times

Best balanced advantage funds or dynamic asset allocation funds to invest in September 2024

Balanced advantage funds invest in a mix of stocks, debt, and arbitrage opportunities. These funds decide their equity exposure depending on key market ratios or in-house parameters. They invest less in stocks when the market is very high or valuations are stretched. They invest more in equity when stocks are available at attractive valuations. In short, BAFs do the job of juggling equity exposure for investors.

The Economic Times

These hybrid mutual fund categories received over Rs 10,000 crore inflow in August

Hybrid mutual funds saw inflows decline to Rs 10,005 crore in August from Rs 17,436 crore in July. Dynamic Asset Allocation/Balanced Advantage Funds led inflows with Rs 3,215 crore.

The Economic Times

Recapping nominees of ET Startup Awards 2024; UPI vs debit cards

The high-powered jury of the ET Startup Awards 2024 met in Bengaluru on Wednesday and picked out winners across eight categories after a dynamic discussion. More on this in today’s ETtech Morning Dispatch.

CNBC TV18

Gala Precision Engineering, the second-most subscribed IPO of 2024, lists at 42% premium on BSE

Ahead of the issue opening, Gala Precision Engineering raised ₹50 crore from anchor investors including Negen Undiscovered Value Fund, NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, among others.

Business Standard

IIT partners with Airbus India to set up global training centre in Guwahati

The IIT-Guwahati entered into an agreement with Airbus India Private Ltd on Friday to set up a global training centre for aviation and logistics business here. Chief Minister Himanta Biswa Sarma said the collaboration will pave the way for Assam to emerge as a logistics hub in providing skilled personnel in aerospace technology. This is a milestone initiative to welcome Airbus India to our state. This agreement does not represent just a formal alliance, but a shared commitment to innovation and excellence to aerospace technology and development of logistics hub in Assam, he said at the MoU signing ceremony at IIT-Guwahati. The CM maintained that the project will address the current skill gap, and the collaboration is poised to elevate global competitiveness and the logistics sector in the northeast region. This is a significant step in creating a robust and dynamic workforce in our region, Sarma said, emphasising that the coming together of academic excellence of IIT-Guwahati and .

The Economic Times

Taking a look at the Dynamic Business Leaders of 2024

The article highlights nine dynamic business leaders who have shown exceptional resilience and strategic thinking in their respective fields. From technology to finance, these leaders have navigated challenges and driven innovation, making significant impacts on their industries and beyond. Their stories serve as inspiration for aspiring entrepreneurs and leaders.

Business Standard

Global investors, fund managers struggle to keep up as India's market grows

Part of the reason for the long-term underweight has been that many investors preferred China's cheaper and dynamic market, while entry and exit costs for funds can be high in India

The Economic Times

Wealth Management industry AUM could hit $ 1.8 trillion in next 4-5 years; 360 ONE top pick

In recent years, the assets under management (AUM) in this sector have grown at 15-20% annually, with projections indicating a rise to $1.8 trillion within 4-5 years, reflecting a 13-14% CAGR. This growth is driven by a shift in asset allocation, as investors increasingly move from traditional investments like fixed deposits, gold, and real estate to more dynamic options such as AIFs, REITs, INVITs, private equity, and cryptocurrencies.

Mint

Small-cap stock under ₹50: Quant Mutual Fund-owned stock announces this overseas business update; check price trend

Small-cap stock under ₹50: The company’s shareholder list includes several prominent domestic and international investors, such as Quant Mutual Fund, Elara Capital Plc, AG Dynamic Funds (based in Mauritius), and Minerva Ventures Fund (based in the US).

CNBC TV18

Gala Precision Engineering opens for subscription: Should you bid?

Gala Precision Engineering opens today: Ahead of the issue opening, the company has raised ₹50 crore from anchor investors including Negen Undiscovered Value Fund, NAV Capital Emerging Star Fund, Cognizant Capital Dynamic Opportunities Fund, among others.

The Economic Times

Best dynamic bond funds to invest in August 2024

Dynamic bond funds have the freedom to invest across securities and maturities depending on the outlook of the fund manager. So, when the rates go up, the fund manager might bet on short term securities as a rate hike will marginally impact them. When rates start falling, he will invest in long-term instruments to make money.

The Economic Times

Quick commerce boom: A look at top developments in rapid delivery space

India's quick commerce sector is seeing a surge in competition with major players like Amazon, Flipkart, and Ola planning to enter. Established names such as Blinkit, Zepto, and Swiggy's Instamart continue to expand. New investments and leadership changes mark this dynamic industry's rapid growth.

Business Standard

IT firm Ahead opens new office in Hyderabad, set to hire 500 staff by 2025

IT company Ahead has launched its new office in Hyderabad, where it plans to onboard 500 people by 2025, the company said on Thursday. It has already set up a delivery office in Gurugram last year, where it has 400 employees. "We are thrilled to announce our expansion into Hyderabad, a city renowned for its dynamic tech ecosystem and exceptional talent pool. "The talent pool located in Hyderabad complements our existing talent base in North India, enabling AHEAD to better meet client needs, especially on larger services engagements," Ahead India, Vice President and Managing Director Praveen Grover said in a statement. The company plans to increase its headcount to 750 this year and complete the hiring of 500 employees in Hyderabad by the end of 2025, Grover said. "By the end of next year, Ahead aims to hire over 500 employees in Hyderabad, leveraging the city's rich pool of skilled professionals and its growing reputation as India's premier IT hub. This strategic move is part of .

The Economic Times

Global markets can learn from Indian ops' decisiveness, agility, says Levi Strauss CEO Michelle Gass

Michelle Gass, CEO of Levi Strauss & Co, emphasized the importance of leveraging India’s retail agility and speed as a model for global operations. In an interview, Gass praised the Indian team for their dynamic approach, contributing to a 54% increase in net sales in the country. Despite a slower retail growth rate across sectors in FY24, India remains crucial for Levi’s $10 billion revenue goal. Gass highlighted India’s youthful, fashion-forward consumer base and plans to incorporate successful strategies from the Indian market into Levi’s global operations.

The Economic Times

WhiteOak Capital Flexi Cap Fund completes 2 years, offers 28.30% CAGR since inception

WhiteOak Capital Flexi Cap Fund has completed two years of existence in the market. The scheme is an open-ended dynamic equity scheme investing across large-cap, midcap, and small-cap stocks.

The Economic Times

India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar rrade barriers

The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India. Some Russian financial institutions earlier sounded out RBI on a mechanism to let them use rupees lying in special accounts in India, for investment in stocks and securities here.

Mint

Hindenburg’s new report alleges Sebi chief, husband owned stakes in offshore firms linked to Adanis

In a blog post, Hindenburg alleged that Sebi chairperson Madhabi Puri Buch and her husband Dhaval Buch had invested in IPE Plus Fund 1, a Mauritius-registered fund, and Global Dynamic Opportunities Fund, a Bermuda-based fund, both with ties to Vinod Adani, the elder brother of Gautam Adani.

The Economic Times

NFO Watch: Bank of India Mutual Fund launches business cycle fund

The fund aims to identify and invest in sectors and companies that are at the cusp of entering expansionary phase or are already in a long term expansionary phase. The fund will follow a dynamic top-down approach for portfolio construction.

The Economic Times

How central banks can help in reducing market volatility

The interplay between a Central Bank’s actions and the stock market’s response is complex and dynamic; even a minor policy adjustment can set off a chain reaction across various sectors, leading to substantial market movements and volatility.

The Economic Times

Canara Robeco Mutual Fund launches Balanced Advantage Fund

Canara Robeco Mutual Fund has launched Canara Robeco Balanced Advantage Fund, an open-ended dynamic asset allocation fund aiming to generate alpha when markets are doing well and reduce downside risk in times of bad market periods.

The Economic Times

IndiaAI Summit | Keeping India in mind: OpenAI official

OpenAI, the maker of viral chatbot ChatGPT, makes important decisions based on the India market, the company's vice president Srinivas Narayanan said at the Global IndiaAI Summit. The executive also pointed out that AI has strengthened in India's dynamic entrepreneurial ecosystem, pledging support to India's Rs 10,000 crore AI mission.

The Economic Times

AI added speed to dynamic entrepreneurial ecosystem in India: OpenAI senior executive

Srinivas Narayanan highlighted India's AI progress, supporting farmers and education with generative AI investments.

The Economic Times

Unveiling Unicorn Offices: A new era of boutique workspaces at Marathon Futurex, Lower Parel

Experience the dynamic environment at Unicorn Collection, Marathon Futurex, curated by Marathon Group to foster innovation and growth for entrepreneurs in a prime business district.

The Economic Times

Rev up for luxury: The all-new BMW 5 Series Long Wheelbase is here; Check details

The all-new BMW 5 Series Long Wheelbase, BMW India's third long-wheelbase offering after the 3 Series and 7 Series, boasts sporty flair and innovative features. Combining dynamic design with cutting-edge technology, this model aims to elevate the driving experience. It will be officially launched in India on July 24.