Here are the top 11 news stories across business, global events, tech, and more
#LatestNews⚡
Here's what makes Aditya Birla Capital merger with financial unit so significant
Aditya Birla Capital's recent announcement of a merger with its non-banking finance company (NBFC) subsidiary, Aditya Birla Finance Limited (ABFL), has sparked optimism among financial analysts. Brokerage firms Morgan Stanley and Jefferies have weighed in on the potential implications of this move.
While Morgan Stanley has maintained an 'Equal-Weight' call with a target price of ₹196 per share, Jefferies is notably bullish, upgrading its call to 'Buy' and raising the target price to ₹225 per share.
RK Swamy sees negative listing. Should investors exit?
RK Swamy's ₹423.56 crore initial public offering (IPO) witnessed a negative debut on the exchanges on Tuesday, March 12, falling short of pre-listing expectations. The stock listed at ₹250, lower by 13.19%, against the issue price of ₹288 on the NSE. At the BSE, it debuted at ₹252, down by 12.5%.
According to analysts, the lack of a premium in the grey market and negative listing indicate a cautious investor approach, possibly due to volatile market conditions or concerns about competition and working capital requirements.
#TechTalks📱
OpenAI calls Elon Musk’s claims ‘Incoherent’ in court filing
OpenAI lambasted Elon Musk’s allegations against it, saying in a court filing that the billionaire entrepreneur’s claims “rest on convoluted — often incoherent — factual premises.”
The strongly worded filing is the company’s first legal response to Musk’s February lawsuit against the company, Chief Executive Officer Sam Altman and President Greg Brockman. Musk alleged the startup had strayed from its mission to build responsible artificial intelligence and that it had become beholden to Microsoft Corp., its largest investor.
Want to buy an iPhone 15 for less than ₹10,000? Here is how
For many, the allure of owning the latest iPhone is undeniable. From its sleek design to cutting-edge features and seamless performance, the coveted gadget continues to mesmerise tech enthusiasts and casual users. However, buying the latest 15 series of iPhones is still a distant dream for several iOS lovers, mainly due to its hefty price range.
What if we told you that you could buy the latest iPhone 15 for less than ₹10,000? Yes, you read it right! Online retail platform Flipkart is allowing you to buy a 128GB variant of the iPhone 15 for less than ₹10,000.
#PersonalFinance💰
SEBI chief says guidelines to regulate finfluencers under consideration
The surge of unregistered 'finfluencers' offering financial advice on social media platforms has raised significant concerns within the securities market, with many unsuspecting investors falling prey to unregulated guidance. In response, the Securities and Exchange Board of India (SEBI) is contemplating comprehensive measures to regulate this burgeoning sector.
"The Securities and Exchange Board of India (SEBI) is contemplating guidelines to rein in finfluencers' activities," SEBI Chairperson Madhabi Puri Buch said on Monday, March 11, at an Association of Mutual Funds in India (AMFI) event in Mumbai. These proposed regulations aim to overhaul registration norms, simplifying the process to facilitate 'ease of registration' for these influencers, while ensuring greater transparency and accountability.
Helios Mutual Fund launches Balanced Advantage Fund: Should you invest
Helios Mutual Fund on Monday (March 11) announced the launch of the Balanced Advantage Fund. This open-ended dynamic asset allocation fund aims to capitalise on the potential upside of equities while actively managing the portfolio to limit downside risks.
The new fund offer (NFO) of the scheme will be available till March 20, 2024. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment of units under the New Fund Offer
(NFO).
#DailyData📈
#ExpertEdge💡
How BJP gains polarisation edge while opposition remains strategically adrift
In the dynamic landscape of Indian politics, the timing of policy implementation often carries as much significance as the policy itself. This is particularly true in the case of the Citizenship Amendment Act (CAA), a contentious piece of legislation that has been at the centre of national discourse since its enactment in December 2019.
The Bharatiya Janata Party (BJP) government’s recent decision to notify the rules for the CAA just before the 2024 general elections has reignited the debate around the Act and its implication.
A decade of CSR in India — how impactful and transformative was the journey
The practice of giving back to society in India dates back to the 19th century. Yet, when India became the first country to mandate Corporate Social Responsibility (CSR) in 2014, opinions were divided. This move sparked a debate — is it right to mandate charity; should companies be required to invest 2% of their average net profit from the previous three years in social development; and will an authoritarian approach to social work succeed?
#LokSabhaPolls2024👆
NDA finalises seat-sharing in Andhra Pradesh: BJP gets 6 Lok Sabha, 10 assembly seats; TDP 17 and 144
Andhra Pradesh NDA partners finalised their seat-sharing formula for the Lok Sabha and state polls following a marathon discussion on March 11, under which the BJP will contest six Lok Sabha and 10 assembly seats while the TDP will fight 17 parliamentary and 144 state seats.
Under the deal, Pawan Kalyan's JanaSena will contest two Lok Sabha and 21 assembly seats, TDP supremo N Chandrababu Naidu announced after the meeting.
PM Modi to unveil masterplan of ₹1200 crore Sabarmati Ashram Memorial project today
Prime Minister Narendra Modi will perform "Ashram Bhoomi Vandana" and unveil the masterplan of the Sabarmati Ashram Memorial Project during his visit to Ahmedabad in Gujarat on Tuesday, March 12.
The ambitious project aims to revamp the infrastructure surrounding the
Sabarmati Ashram, provide state-of-the-art amenities to visitors, and establish a world-class memorial dedicated to the Father of the Nation, it said.
Lok Sabha Polls Live Updates: PM Modi flags off 10 new Vande Bharat trains, to unveil projects in Gujarat today
The
State Bank of India (SBI) will disclose the details of the electoral bonds encashed by political parties to the Election Commission by the close of the business hours on March 12 as directed by the Supreme Court. A five-judge constitution bench headed by Chief Justice DY Chandrachud, while dismissing the SBI's plea seeking extension of time till June 30 to disclose the details, also directed the EC to publish the information shared by the bank on its official website by 5 pm on March 15.
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(Edited by : Akashdeep Baruah)
