Diversified investing- how fractional ownership can safeguard your portfolio; Zomato founder invests in Ultrahuman; Tech & more
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A potential third term for PM Narendra Modi? UBS analyses three scenarios post Lok Sabha polls
Brokerage firm UBS in a recent note said Prime Minister Narendra Modi remains the most popular leader in India, citing recent opinion polls ahead of the Lok Sabha Elections, scheduled to begin on April 19 and will be conducted across seven phases.
UBS also believes that political stability would likely lead to policy continuity, which could bode well for market sentiment.
"During a potential third term for Modi, we would expect further progress towards digitisation and continued policy push toward manufacturing/exports, given India's increasing footprint in global value chains," said UBS Economist Tanvee Gupta Jain.
Akasa CEO says airline in strong position in terms of cash and will grow more in FY25
Akasa Air, one of India's latest commercial airlines, is all set to commence its international operations on March 28. Akasa will debut on the international route by starting direct flights to Doha in Qatar from Mumbai.
Speaking exclusively to CNBC-TV18, Vinay Dube, Founder & CEO of Akasa Air, said Akasa has "broken all records" by launching international operations within 19 months of starting operations.
"Akasa is the most customer-centric airline in the country. We are the most punctual airline as per Directorate General of Civil Aviation (DGCA) data. As long as we continue to be customer-centric, there will be no problem in creating a name for us even in a crowded market," Dube said.
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Tiger Global-backed Jar crafting a financial fitness platform to instil savings habits
Tiger Global-backed investment startup Jar is eyeing the peer-to-peer or P2P lending space. In a conversation with CNBC-TV18, its co-founder and CEO Nishchay AG, said P2P was a promising category, and if the company does get into it, it would only do so after ensuring compliance was in place and all regulations were met. This is even as the Reserve Bank is looking to tighten regulations in this segment following concerns about certain players flouting norms.
Zomato founder invests in Ultrahuman, a healthtech startup that just raised $35 million
Healthtech startup Ultrahuman has announced a new $35 million funding round with a mix of equity and debt investment led by venture capital firms Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation and Zomato founder Deepinder Goyal.
Ultrahuman will deploy fresh funds from the Series B fundraise towards increasing manufacturing capacity and deepening research in the health tracking space. "This funding round marks a pivotal step forward in our journey to dominate the smart rings space, bringing us closer to our goal of being the market leader," said Mohit Kumar, co-founder of Ultrahuman.
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Micron soars after AI growth helps bolster revenue forecast
Micron Technology Inc, the largest US maker of computer memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence hardware.
Fiscal third-quarter revenue will be $6.4 billion to $6.8 billion, the company said in a statement Wednesday. That compares with an average analyst estimate of $5.99 billion. Micron will have earnings of about 45 cents a share, minus certain items. Analysts projected 24 cents.
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China's Tencent posts weak revenue growth, plans to double buybacks
China's Tencent Holdings posted a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at least double its share buybacks this year.
The world's largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 billion yuan ($21.56 billion) for the three months ended December 31. That compared with the 157.2 billion yuan average of 23 analyst estimates compiled by London Stock Exchange Group (LSEG).
#ExpertEdge??
Why the court refused to stay govt's Fact Check Unit for social media?posts
Though the government's Fact Checking Unit would censor only 'Fake,' 'False,' or 'Misleading’ posts, these words could be the proverbial thin edge of the wedge to gag freedom of expression. Time alone will tell if the FCU would be fair and not become a spoil sport, writes Chartered Accountant and legal analyst S. Murlidharan.
Diversified investing — how fractional ownership can safeguard your portfolio
As we step into financial year (FY) 2025, the anticipation for what lies ahead is palpable. In the last couple of years, the real estate industry witnessed a vibrant and sturdy performance characterised by several developments. The worldwide bounce back from the economic downturn caused by the pandemic played a role in heightened interest in residential properties, buoyed by steady interest rates and a preference for larger living spaces.
In light of potential market shifts, investors must remain vigilant and prepared for any unforeseen developments in the new fiscal year. Following are some avenues investors can explore to mitigate unnecessary risks in the stock market.
#PersonalFinance??
Small-cap fund inflows dip for fourth consecutive month: Are investors exercising caution?
The net inflows into small-cap funds have dwindled for the fourth consecutive month in February. With only ?2,922 crore of net inflows in the month, a significant drop is visible from previous months' tallies, such as ?5,472 crore in June 2023, ?4,495 crore in October 2023, and ?3,857 crore in December 2023.
Does this downward trend indicate a cautious investor sentiment?
The numbers suggest a possibility. Investors seem to be reassessing their strategies and exhibiting a degree of circumspection, possibly in response to recent market volatility and perceived risks, experts say.
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