Adani is 'too big to ignore' says this analyst; Good Glamm set to close its next funding round after a deal with Karan Johar; Startups & more
#LatestNews?
Pariksha Pe Charcha 2024 Live: PM Modi to address students ahead of board exams
Prime Minister Narendra Modi is all set to address crores of students on January 29, ahead of board exams due over the next two months. A day ahead of his annual interaction with the students, PM Modi said over 2.25 crore students have registered for the programme this year, noting that the corresponding number was merely 22,000 in 2018 when it was organised for the first time.
Adani is "too big to ignore" says this analyst, projecting a 50% upside for Enterprises
A brokerage firm called Cantor Fitzgerald expects Adani Enterprises shares to rise 50%, saying that India's path to self-reliance runs through the Adani Group.
The brokerage has initiated coverage on the stock with an "overweight" rating and a price target of ?4,368, which implies a potential upside of 50% from Thursday's closing levels.
"We believe that Adani Enterprises is at the core of everything India wants to accomplish," the brokerage wrote in its note.
#Budget2024??
Budget 2024 Expectations Live Updates: Inflation likely to be a big focus area in the Interim Budget
Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024 on February 1, 2024. As the Parliamentary elections are due, Sitharaman's interim budget may not contain any major policy changes. The new government, which is likely to be formed around June, will come up with a final budget for 2024-25 sometime in July. Usually, interim budgets do not contain major policy announcements, but nothing stops the government from taking the steps necessary to deal with urgent economic issues.
Budget 2024: Insurance sector eyes tax parity and separate deduction for term plans
As we inch closer to February 1, 2024, all eyes are set on the upcoming interim Union Budget 2024 announcement by Finance Minister Nirmala Sitharaman. This budget, while not expected to introduce sweeping changes, holds significance as a precursor to the broader financial strategy.
Just like other sectors, the insurance industry is also anticipating crucial alterations that could shape the financial landscape.
#Watch?
#TechTalks??
Generative AI spendings in APAC to triple in 2024, expected to surpass $3 billion: Report
Companies in India are expected to boost spending in generative AI (GenAI) substantially in the next 12 months, while businesses in Asia Pacific are expected to increase GenAI spending by more than 140% to $3.4 billion in 2024, according to a report.
In India, the estimated investment in GenAI is expected to increase by nearly 165% to $386 million, as per new research from the Infosys Knowledge Institute (IKI), the research arm of Infosys.
The research report stated that businesses across Asia-Pacific (APAC) are ramping up investments in GenAI and entering a higher stage of maturity.
PayPal to launch AI-based products as new CEO aims to revive share price
PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject new life into the payments giant.
It is the first major announcement under Alex Chriss, who joined PayPal in September, and the new products are another example of how companies are trying to tap investor enthusiasm for AI, which helped drive US stock markets to record highs this month.
Apple will open iPhone to alternative app stores, lower fees in Europe to comply with regulations
Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start.
The announcement on Thursday comes as Apple moves to comply with upcoming European regulations aimed at giving consumers the choice to use alternative app stores and provide app developers with unprecedented avenues to avoid paying fees that have become a gold mine for the tech giant.
#StartupsWorld??
Good Glamm set to close its next funding round after a deal with Karan Johar
Direct-to-consumer (D2C) unicorn Good Glamm Group is about to close the Series E funding round, co-founder Naiyya Saggi revealed in an interview with CNBC-TV18. “... (this) will take us right up to the IPO (initial public offering), which we are looking at in Diwali 2025,” Saggi said.?
The Mumbai-based D2C startup, last valued at $1.2 billion in November 2021, is trying to build both its brands and bottom line in its final lap before the IPO.?
While targeting profit before June 2024, the company has recently partnered with Karan Johar’s Dharma Productions.?
IPO-bound Swiggy to slash 400 jobs in second round of layoffs
IPO-bound Swiggy is preparing to lay off 400 employees in a restructuring move, people aware of the developments told Moneycontrol. This is the second round of layoffs at the food tech giant.
The Bengaluru-based company had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs, Moneycontrol had reported earlier.
The latest cost-cut drive is likely to affect around 7% of Swiggy's workforce. The company has around 6,000 employees on its payroll, Moneycontrol has learnt.
#DailyData??
Beyond #Newsroom ??
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go!- CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market- Real-time market updates
We'll see you tomorrow with another engaging '11:11'