INVESTMENT CONTRACTS
Sebi amends rules to regulate finfluencers
Sebi has amended regulations to oversee unregistered financial influencers, aiming to reduce potential risks. The new norms restrict associations between regulated entities and unregistered individuals, requiring finfluencers to register with Sebi. This ensures accountability and prevents misleading financial advice, while also allowing limited investor education partnerships.
Best thing to do as an investor is to stay invested: Anand Tandon
So, you may still be able to get those kind of growth rates assuming that the market valuations do not contract. But I would imagine that it is possible that you will get a little less than the earnings growth as well to be able to correct for the kind of market growth.
OVL secures contract extension for Vietnam oil blocks
ONGC Videsh Ltd has been granted a 16-year extension to produce oil and gas in Vietnam’s Nam Con Son Basin, and a three-year extension for exploring Block 128 in the South China Sea. This move aligns with India's strategic interests despite no commercially recoverable finds in the latter area over 18 years.
ONGC Videsh secures contract extension for Vietnam oil blocks
ONGC Videsh Ltd, India's leading overseas oil firm, has been granted a 16-year extension to its oil and gas production contract in Vietnam until 2039. The company also received a three-year extension to continue exploring a separate block in the South China Sea until 2026, aligning with India's strategic interests.
Foxconn looks to tech on more than making smartphones
Taiwanese contract manufacturer Foxconn's chairman Young Liu told ET, that the company is looking at setting up townships in Tamil Nadu, replicating its model in countries like Taiwan and China. “We have been doing this in many different countries,” he explained. Liu said, Taiwan can become India’s “most trusted and reliable partner” and that Foxconn is looking to position itself in that way.
Options vs futures: Understanding the key differences for retail traders
Options are financial instruments that grant their owner the choice, but not the requirement, to either purchase or sell a specific asset at a predetermined price by a certain date. There are two primary types of options: call options, enabling the owner to buy the asset, and put options, permitting the owner to sell the asset. This adaptability empowers traders to capitalize on market fluctuations without being obligated to execute a trade unless it proves advantageous.
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New accounting standards for insurance notified, raise investment chances
The Ministry of Corporate Affairs has introduced new accounting standards for insurance contracts, harmonizing them with global norms. These standards, effective April 1, 2024, are expected to enhance transparency and attract foreign investments in the insurance sector by allowing better risk assessment and comparison with global peers.
Ethereum Price Prediction & Forecast for 2024 to 2030: Mudrex Research Team
Ethereum, currently priced at $2,679.08 USD, has experienced considerable price fluctuations. Analysis indicates short-term stability and long-term growth potential. With price targets between $3,500 to $35,000 by 2030, the future of Ethereum looks promising, driven by expanding use cases and significant adoption. Market trends and technological developments are key factors affecting its future value.
US manufacturing contracts sharply in July
Manufacturing activity in the US contracted more than anticipated in July, with the ISM's index falling to 46.8 percent. This marked the fourth consecutive month below the 50-point expansion threshold. Factors such as weak demand and declining output contributed to this slump. Only five manufacturing industries reported growth, highlighting the continued economic downturn.
China's factory activity contracts for first time in 9 months, Caixin PMI shows
China's manufacturing activity declined in July for the first time in nine months, according to a Caixin/S&P Global survey. The PMI fell to 49.8, below expectations. The decline in new orders led to the slowdown, attributed to weak demand and client budget cuts, despite recent efforts to stimulate consumption.
Sebi spent Rs 62 crore in 5 years on investors' education, awareness on F&O trade risks
Capital markets regulator Sebi has spent a little over Rs 62 crore in the last five years for investors' education activities, including for awareness of risks and volatility in the Futures & Options (F&O) segment, Parliament was informed on Tuesday.
After iPhones, Foxconn in talks to assemble Apple iPads in India
Taiwanese contract manufacturer Foxconn, which assembles Apple's flagship iPhones in India, is now planning to assemble the tech giant's tablet iPad here as well. Sources aware of the matter said this is in line with Foxconn's strategy to diversify away from China. Industry insiders said that assembly of iPads is similar to that of smartphones.
First Bitcoin and now ETH ETFs: Where is the market headed next?
Kaiko projects Ethereum's spot ETFs to surpass Bitcoin, aiming for $5,000 by 2024 with ETH trading near $4,000. The TVL, led by Arbitrum, is $47 billion. The Pectra upgrade and EIP-3074 will enhance wallet recovery. VanEck foresees a $1 trillion Layer 2 valuation. January's Bitcoin ETFs attracted $50 billion, boosting Ethereum investments and legitimacy.
IT companies see shift in deal scope on GenAI, muted market
Indian IT service firms are adapting to client demands for enhanced productivity and expanded scope of work, potentially impacting profit margins. IT companies are gifting productivity gains to clients during deals’ anniversaries
What are crypto futures and how do they work?
Crypto futures, available as Perpetual and Fixed-Date contracts on regulated exchanges, allow traders to use margins and leverage. They aid in hedging, price efficiency, and discovery but come with risks like high volatility, margin calls, and regulatory uncertainty.
Understanding Smart Contracts: The backbone of secure transactions in DeFi
This article explores DeFi and Ethereum-based smart contracts introduced by Nick Szabo, streamlining lending platforms, DEXs like Uniswap, and tokenized assets. Key features include atomic settlements and composability. Despite efficiencies, risks like the Poly Network hack necessitate security audits. Future advancements involve self-custody, AI integration, and interoperability in structured products.
SC quashes decision of Bengal authorities to cancel contract, terms it classic case of arbitrariness
The bench referred to the fact that the decision to cancel the contract was taken purportedly at the behest of a minister. The top court had reserved the judgement on May 8. While reserving the verdict, the bench had said the contracts awarding work to private parties should not be cancelled without assigning reasons.
Highway contracts stuck for a right scheme
NHAI struggles to meet expressway construction targets amid investment constraints in India's road infrastructure development.
US manufacturing contraction deepens in June
US manufacturing activity declined in June to 48.5 percent, below market expectations. Production execution was lower, causing revenue declines. Eight manufacturing industries reported growth, but textile mills, transportation equipment, and electrical equipment contracted. Wells Fargo economists highlighted inflation moderation and caution due to monetary policy and interest rates.
FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
FedEx anticipates strong profits in fiscal 2025, considering strategic actions like potential freight business sale and ending the unprofitable postal service contract. Despite market challenges, FedEx's revenue grew amidst cost-cutting measures and operational consolidation, reflecting the company's resilience and focus on long-term sustainability.
Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
Kotak Alt invests Rs 1445 crore for the acquisition of Viatris' API business by Matrix Pharma
Kotak Alternate Asset Managers has announced a Rs 1,445 crore investment in the acquisition of Viatris' active pharmaceutical ingredient (API) business by Matrix Pharma. The investment was made through Kotak Strategic Situations Fund II, as stated in a news release on Tuesday. However, specific details regarding the funding structure were not disclosed.
Why crypto is an asset class that cannot be ignored?
Sathvik Vishwanath discusses the disruptive force of cryptocurrencies and their significance as an asset class in a live stream on ETMarkets, highlighting future trends like Ethereum 2.0 and DeFi.
Aurobindo Pharma signs pact with MSD to supply biologicals, to invest Rs.1000 crore on plant
Aurobindo Pharma's subsidiary, TheraNym Biologics Pvt Ltd, has signed a master service agreement with Merck Sharpe & Dohme Singapore for contract manufacturing of biologicals. The agreement, effective May 31, 2024, will see TheraNym contract manufacturing biologicals for domestic and international markets. TheraNym will invest Rs 1,000 crore in a biologics manufacturing facility in Telangana.
7 top cryptos to buy in 2024 for the next bull run
The 2024 Bitcoin halving occurred in April, impacting the crypto market. Altcoins present diversification opportunities by combining VR experiences. Research is crucial for successful crypto investing to navigate market trends and regulations.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
RITES signs pact with Bangladesh Railway to supply 200 passenger coaches
RITES Limited signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages, worth USD 111.26 million, funded by European Investment Bank. The contract includes design, spare parts support, and training, highlighting RITES' commitment to 'Make in India, for the World' vision.
Contracts awarding work to private parties should not be cancelled without assigning reasons: SC
Supreme Court has stressed the importance of providing reasons before canceling contracts, considering the investments and expectations of private parties.
India could allow a tiny window in the Chinese wall
In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.
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