While unveiling the Interim Budget 2024 on February 1, Sitharaman announced an 11.1 per cent increase in capital expenditure (capex) for fiscal year 2024-25 (FY25), raising the allocation to ₹11.11 lakh crore to develop infrastructure projects. The infra-capex allocation was double the allocation 10 years ago. The key infra sectors including railways, road transport, and … Read more
Lenders to risky, debt-laden companies are increasingly demanding protection from financing maneuvers used to undercut creditors when times get tough. A recent crop of leveraged loans demonstrates investors’ heightened concern with protecting their assets. In some recent deals money managers have successfully closed loopholes borrowers might have tried to exploit if higher-for-longer interest rates overwhelmed … Read more
If you have invested in cryptocurrencies in the financial year 2023-2024, then the chances are that you earned significant profits in the year gone by. Most top crypto currencies reported noticeable jump in their prices in the past few months. Bitcoin rose nearly 108 percent in the past one year, while ether rose nearly 80 … Read more
The hospitality sector should be given the status of an industry in the upcoming Union Budget to accelarate growth, senior executives from the sector told LiveMint. The sector has made “substantial contributions” to the nation’s gross domestic product (GDP), is labour and capital intensive, and brings in foreign exchange revenues, they pointed out. “The industry’s … Read more
Multibagger stock: MIC Electronics shares are one of the multibagger stocks the Indian stock market has delivered in recent years. The multibagger stock has risen from around ₹23.40 to ₹90.66 aspiece, providing around 300 percent to its long term positional investors. However, the stock is still on a bull trend. The multibagger small-cap stock has … Read more
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the … Read more
AI now allows us to build and communicate with digital avatars of the dead. These so-called ‘deadbots’, ‘ghostbots’, ‘postmortem avatars’ or ‘griefbots’ may provide comfort to some (including those doing legacy planning), but they raise difficult ethical questions. Who is building these deadbots? In March, SenseTime Group founder Tang Xiao’ou used AI to deliver a … Read more
(Adds background on airline in paragraphs 5, 10-11) July 1 (Reuters) – Avianca Group plans to confidentially file for an initial public offering in the United States, the holding company for the Colombian airline said on Monday. The Bogota-based airline, with over 100 years of operation since 1919, is moving ahead with its listing more … Read more
A recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant because historically, investment decisions were predominantly male-dominated. The survey’s findings indicate a rising trend towards greater financial independence among women. The survey also highlights that women prefer mutual funds, which … Read more
Chewy Inc. shares erased gains after initially spiking as much as 10% on Monday as Keith Gill — known online as “Roaring Kitty” — disclosed a 6.6% passive stake in the online pet food and product retailer. The disclosure with the US Securities and Exchange Commission shows Gill owns roughly 9 million Class A shares, … Read more