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Bloomberg Quint
2d
203
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Asian Stocks In Tight Ranges After US Tech Boost: Markets Wrap
- Asian stocks traded in tight ranges after a boost in US tech companies.
- Shares in Japan swung between gains and losses, while Australia experienced a slight decline.
- Tesla and Nvidia drove a rally in the 'Magnificent Seven' megacaps on Monday.
- Trading is expected to be slow during the holidays.
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Bloomberg Quint
2d
301
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Stock Market Today: All You Need To Know Going Into Trade On Dec. 24
- The US stock market indices opened in the green on Monday.
- Benchmark equity indices tracked the gains in US and Asian markets to close higher on the first session of Christmas week.
- Overseas investors stayed net sellers for the sixth consecutive day and offloaded stocks worth approximately Rs 168.71 crore on Monday.
- Nifty ended 0.7% or 165.95 points up at 23,753.45, and Sensex closed 0.64% or 498.58 points higher at 78,540.17.
- HG Infra Engineering, PG Electroplast, Vraj Iron, and Steel, Zaggle Prepaid Ocean Services are some of the stocks to watch on Tuesday.
- Aster DM Healthcare appointed Nalanda Jayadev as chief executive officer.
- IIFL Capital Services' arm Livlong Protection received a corporate agent license from IRDAI.
- Symphony signed a second addendum regarding the loan agreement with arm Symphony AU.
- The Indian rupee weakened by 10 paise to close at a record low of 85.12 against the US dollar on Monday.
- Stocks worth observing include HG Infra Engineering, PG Electroplast, Vraj Iron and Steel etc.
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Npengage
2d
187
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3 Signs Your Organization Needs a Nonprofit Accounting System
- As nonprofits grow, they may face limited capabilities of low-cost accounting tools.
- It could be time to upgrade when dealing with an unwieldy Chart of Accounts or Class List.
- Nonprofits need to manage revenue and expenses by multiple funds, projects, programs, departments and cost centers, which can be hard with a for-profit system.
- Upgrading can provide a holistic view of finances alongside more secure internal controls.
- Features to look for include industry accounting standards, general budgets and budgets for specific programs and restricted funds.
- Reporting, encumbered funds, purchase order functionality and grant and contract management are also important to consider.
- Effective management of all grants and contracts and internal controls can save nonprofits money.
- Accountability can be increased with native expense management and AP automation.
- A true fund accounting system is almost a necessity for companies past tracking only the ASU 2016-14 net asset classes.
- A majority of nonprofits need to manage revenue and expenses by individual funds, projects, programs, departments and cost centers in order to track restrictions and achieve detailed reporting.
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Medium
2d
388
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Gifting Pearls of Wisdom
- Fund managers share invaluable wisdom for engaging with investors and managing funds:
- Do your homework and tailor your approach to prospective investors.
- Focus on building trust, transparency, and communication for long-term alignment.
- Provide regular updates and standardized reporting for fund performance.
- Be adaptable and open to opportunistic deals for high returns.
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Bloomberg Quint
2d
20
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TVS Emerald Acquires 12-Acre Plot With Rs 2,800-Crore Revenue Potential In Chennai
- TVS Emerald has acquired a 12-acre land parcel in Chennai.
- The land plot has a development potential of 2.5 million square feet.
- The estimated revenue potential of the land is Rs 2,800 crore.
- This marks the third land acquisition by TVS Emerald in FY25.
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Bloomberg Quint
2d
121
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Midnight Munchies: India's Favourite Late Night Swiggy Orders In 2024
- The chicken roll was the most ordered snack on Swiggy in 2024, with 2.48 million orders.
- Dinner was the most ordered meal, with 215 million orders, surpassing lunch orders.
- Choco lava cake was the top dessert with 3.6 million orders.
- A Delhi user ordered 250 onion pizzas in a single order, making them the hungriest customer at night.
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Bloomberg Quint
2d
381
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Who Votes On US Fed Policy Next Year Is Changing. Here’s What To Know
- New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee in 2025.
- The Federal Open Market Committee comprises of a rotating cast of presidents from 11 of the regional Fed banks, along with seven Fed governors and the president of the New York Fed.
- The key question facing the new voters and the committee is how quickly policymakers should lower rates still above the central bank’s 2% target.
- The debate could be complicated by a slew of potential policy changes from President-elect Donald Trump.
- Fed Governor Michelle Bowman voted against September’s decision to lower rates by a half percentage point, preferring a smaller cut.
- Should the policy questions raise additional dissents, it wouldn’t necessarily be a bad thing, said Don Kohn, a senior fellow at the Brookings Institution and a former Fed vice-chair.
- Jeff Schmid, the Kansas City Fed president, has emphasized that there is uncertainty over where interest rates will ultimately settle.
- In 2025, Susan Collins of Boston, Alberto Musalem of St. Louis, Jeff Schmid of Kansas City and Austan Goolsbee of Chicago will rotate onto the committee.
- It is expected that Austan Goolsbee and Susan Collins will support additional policy easing.
- Alberto Musalem, the St. Louis Fed president, has supported a patient approach to rate cuts.
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Bloomberg Quint
2d
264
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Kalyani Investment Settles Disclosure Norm Violation With SEBI For Rs 1.12 Crore
- Kalyani Investment Co., a promoter group entity of Bharat Forge, has reached a settlement with SEBI regarding an alleged breach of disclosure norms by paying a settlement fee of Rs 1.12 crore.
- The settlement was reached after Kalyani Investment proposed to resolve the ongoing proceedings initiated against it, without admitting or denying the facts and legal conclusions, in accordance with SEBI's settlement regulations.
- SEBI initiated adjudication proceedings against Kalyani Investment for the alleged violation of Securities Contracts (Regulation) Act rules and disclosure norms.
- Following the submission of the settlement application, Kalyani Investment agreed to pay Rs 1.12 crore as settlement charges, which were approved by SEBI's High Powered Advisory Committee.
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Bloomberg Quint
2d
74
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Amaravati Capital Project: Andhra Government Approves Roadworks Worth Rs 2,723 Crore
- The Andhra Pradesh government has approved road infrastructure works worth Rs 2,723 crore in greenfield capital Amaravati.
- The funds will be utilized for building layout roads in Amaravati zone – 7 and 10.
- Approval for some of the remaining works will be given within this month.
- The state government will repay the loans taken for Amaravati by selling the land pooled for the greenfield capital city from farmers.
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Bloomberg Quint
2d
291
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ReNew Inks $176-Million Deal With Anzen To Sell 300 MW Solar Asset In Rajasthan
- ReNew Energy Global Plc. has signed a $176 million deal to sell its 300 MW solar asset in Rajasthan to Anzen India Energy Yield Plus Trust.
- ReNew Sun Waves Pvt., a wholly owned subsidiary of ReNew Energy, will sell its stake and economic interest in the operating solar asset.
- The deal is subject to completion of contractual obligations, including lender approval.
- The 300 MW solar project has been operational for three years and the power purchase agreement is priced at Rs 2.55/unit.
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Bloomberg Quint
2d
208
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Wall Street Sides With Federal Reserve And Sees Lower US Bond Yields In 2025
- Wall Street is aligned with the Federal Reserve, anticipating short-term US Treasury yields to fall in 2025 despite Donald Trump’s trade and tax policies.
- Most strategists expect a drop in the two-year Treasury note’s yield due to the Federal Reserve’s interest-rate policy.
- They predict a decline of at least 0.5% from current levels within the next year.
- A JPMorgan Asset Management team led by David Kelly stated that "the Fed is still in cutting mode in 2025".
- Furthermore, the Federal Reserve signaling fewer rate cuts next year at its meeting this month could complicate the bond yields path.
- The median forecast amongst 12 strategists is for the yield on two-year notes to fall 50 basis points to 3.75% a year from now.
- Strategists predict the 10-year note’s yield, trading around 4.52% on Friday, will end 2025 at 4.25%.
- This is a decrease of 25 basis points compared to current levels.
- Trump’s upcoming tariff and tax policies could have an impact on the bond yields forecasts.
- For instance, higher tariffs and tighter immigration controls could lead to slower growth but higher inflation.
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Bloomberg Quint
2d
125
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Swiss Firm Terminal Investment To Invest Rs 20,000 Crore To Develop Vadhvan Port
- Switzerland-based Terminal Investment Ltd. Sarl has proposed an investment of approximately Rs 20,000 crore for the development of Vadhvan Port in Maharashtra.
- The Vadhvan Port is being developed by Vadhvan Port Project Ltd. with a total investment of Rs 76,200 crore.
- Jawaharlal Nehru Port Authority has signed a memorandum of understanding with Terminal Investment Ltd. Sarl for the development of Vadhvan Port.
- The partnership aims to create a world-class, future-ready port facility and set new benchmarks in efficiency and innovation.
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Bloomberg Quint
2d
362
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TRAI Revises Tariff Rules, Mandates Separate Plans For Voice And SMS
- TRAI has revised its tariff regulations, mandating mobile operators to offer separate voice and SMS plans for customers not using data.
- The move aims to ensure more tailored services for users and make it easier for consumers to pay for services they generally use.
- The regulatory authority believes that separate special tariff vouchers for voice and SMS, alongside existing data-only plans, should be mandatory.
- The regulator has also permitted telecom operators to offer recharge vouchers of any value, with a minimum recharge coupon worth Rs 10.
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Pymnts
2d
381
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Beyond the Buzzword: Why Really Big Data Still Matters
- Big data refers to large and complex datasets that traditional methods can't handle.
- Big data revolutionizes industries such as healthcare, weather forecasting, financial markets, shipping, and logistics.
- Challenges of big data include data quality, privacy and security concerns, and the need for specialized tools and infrastructure.
- Big data's impact is crucial for modern research, business operations, and public services as organizations handle ever-larger datasets.
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Bloomberg Quint
2d
55
Image Credit: Bloomberg Quint
Here Are Cities That Dined Out Most In 2024
- People from Delhi, Bengaluru, Hyderabad, Mumbai, and Pune dined out the most in 2024, according to a report by Swiggy.
- Between Jan. 1, 2024 and Nov. 22, 2024, Swiggy's 'Dineout' offers helped 22 million diners save a total of Rs 533 crore.
- The average savings per order for Swiggy users in 2024 was Rs 708, compared to Rs 672 in 2023.
- Delhiites were able to save a total of Rs 121 crore while dining out at restaurants suggested by the Swiggy app.
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