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☆ I invested most of my salary for 7 years and had enough to retire at 29. My best tips: start young, take risks and don't settle in expensive cities.
▼ + stars: | 2024-03-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +7 min

Daniel George worked at Google X and then as a VP for JP Morgan after receiving his Ph.D. in 2018. After finishing my Ph.D. at 24 in 2018, I worked at Google X, leading AI for secret early-stage moonshot projects. When I started working at Google X in Mountain View, California, I made about $270,000 a year. Learn to negotiate payFor my first job at Google X, I was given an offer right after grad school and accepted it immediately. Find a partner who has similar goalsMy wife and I met at Google X.

Persons: Daniel George, Morgan, Daniel, —, JP Morgan Organizations: Google, Service, India Institute of Technology, University of Illinois, Invest, JPMorgan, JP Locations: Kerala, India, India Institute of Technology Bombay, Urbana, Champaign, Illinois, San Francisco , New York, Seattle, View , California

☆ I invested most of my salary for 7 years and had enough to retire at 29. My best tips: Start young, take risks, and don't settle in expensive cities.
▼ + stars: | 2024-03-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +7 min

Daniel George worked at Google X and then as a VP at JPMorgan after receiving his Ph.D. in 2018. After finishing my Ph.D. at 24 in 2018, I worked at Google X, leading AI for secret early-stage moonshot projects. When I started working at Google X in Mountain View, California, I made about $270,000 a year. Learn to negotiate payFor my first job at Google X, I was given an offer right after grad school and accepted it immediately. Find a partner who has similar goalsMy wife and I met at Google X.

Persons: Daniel George, —, JP Morgan Organizations: Google, JPMorgan, Service, Indian Institute of Technology, University of Illinois, Invest Locations: Kerala, India, Indian Institute of Technology Bombay, University of Illinois Urbana, Champaign, Illinois, San Francisco , New York, Seattle, View , California

☆ Don’t Bet on This Former Vegas Mayor Being at the Super Bowl
▼ + stars: | 2024-02-04 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

It was just after 4 p.m. on a recent weekday, and Oscar Goodman, the mob lawyer turned Las Vegas mayor turned civic cheerleader, was sipping perhaps his first Hizzoner of the day. The drink — made with Bombay Sapphire gin, more Bombay Sapphire gin and a slice of jalapeño pepper, served in a large martini glass — is not just Mr. Goodman’s favorite social lubricant. It’s a homage to a faded version of Las Vegas that he has spent decades celebrating and trying to keep alive. Mr. Goodman, 84, has no trouble dishing out bare-knuckle opinions about everything from graffiti and gambling to prostitution and the homeless situation. Mr. Goodman is more than merely an “only in Vegas” relic, however.

Persons: Oscar Goodman, —, Goodman, Meyer Lansky, Tony Spilotro, . Goodman Organizations: Las Vegas Locations: Las, Bombay, Vegas, Las Vegas, Sin City

☆ Pigeon suspected of spying for China released in India after PETA intervention, group says
▼ + stars: | 2024-02-03 | by ( Heather Chen | Sania Farooqui | ) edition.cnn.com time to read: +2 min

CNN —A pigeon suspected of spying for China and held for eight months was released by Indian officials this week after intervention from animal rights organization PETA, the group said in a statement. “After learning that a pigeon was held at the Bai Sakarbai Dinshaw Petit Hospital for Animals (BSDPHA) in Parel as case property for an astonishing eight months, PETA India sprang into action to secure the bird’s freedom from captivity,” PETA said. The animal’s ordeal began in May last year, when it was captured near a port in Mumbai. There was a message written on the pigeon’s wings in words that appeared to be Chinese, PETA added. B. Kulkarni, Chief Medical Superintendent of the BSDPHA,” PETA said.

Persons: Dinshaw, ”, Mumbai’s, Narendra Modi, B, Kulkarni, Bombay SPCA, Hvaldimir Organizations: CNN, Indian, PETA, Hospital for Animals, ” PETA, ” CNN, Bombay Society for Locations: China, Parel, PETA India, Mumbai, Bombay, Russian

☆ A pigeon detained for 8 months on suspicion of spying for China has finally been set free
▼ + stars: | 2024-02-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

A pigeon detained in India for eight months was released on Tuesday after police cleared it of suspicions that it was a spy bird for China, the news agency Press Trust of India reported. It was taken to the Bai Sakarbai Dinshaw Petit Hospital for Animals because police suspected it was used for spying, per the outlet. Bombay Society for the Prevention of Cruelty to AnimalsPETA contacted police and obtained a certificate for the bird's release, the organization said. The pigeon was later discovered to be a racing bird from Taiwan that escaped and flew to India, according to the AP. Bombay Society for the Prevention of Cruelty to AnimalsIndian authorities have detained other pigeons on similar suspicions before.

Persons: Dinshaw, Narendra Modi Organizations: Press Trust of, Associated Press, Hospital for Animals, People, Animals, PETA, Bombay Society for, AP, Pigeon Racing, Taiwan News Locations: India, China, Press Trust of India, Mumbai, Taiwan, Taipei, Kashmir, Pakistan

NEW DELHI (AP) — Indian police cleared a suspected Chinese spy pigeon after eight months' detention and released it into the wild Tuesday, news agency Press Trust of India reported. Police suspected it was involved in espionage and took it in, later sending it to Mumbai's Bai Sakarbai Dinshaw Petit Hospital for Animals. Eventually, it turned out the pigeon was an open-water racing bird from Taiwan that had escaped and made its way to India. It is not the first time a bird has come under police suspicion in India. In 2016, another pigeon was taken into custody after it was found with a note that threatened Indian Prime Minister Narendra Modi.

Persons: Mumbai's Bai Sakarbai Dinshaw, Narendra Modi Organizations: DELHI, Press Trust of, Police, Hospital for Animals, Bombay Society for, Indian Locations: Press Trust of India, Mumbai, Taiwan, India, Kashmir

☆ India set to be world's third largest economy by 2027, finance ministry says
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

India could become the world's third-largest economy by 2027 with a gross domestic product of $5 trillion, the finance ministry has said. The projections come ahead of an interim budget due to be released later this week. In a report released Monday, the finance ministry said the economy is poised to grow at or above 7% in the fiscal year 2024. If it meets this year's target, it will be the third straight year of 7% GDP growth for India. India's chief economic advisor, V Anantha Nageswaran, said the government's goal is to become a developed country by 2047.

Persons: Nirmala Sitharaman, V, Nageswaran Organizations: Indian Finance, Bombay Stock Exchange Locations: Mumbai, India

☆ Mary Ellen Mark: Vintage photos offer rare glimpse of Mumbai’s red-light district
▼ + stars: | 2024-01-05 | by ( Christy Choi | ) edition.cnn.com time to read: +15 min

CNN —Mary Ellen Mark couldn’t forget Falkland Road. Despite being harassed and intimidated, legendary photographer Mary Ellen Mark spent 10 years trying to take photos on Falkland Road. Mary Ellen Mark A young woman and her customer photographed by Mary Ellen Mark. Mary Ellen Mark Falkland Road's infamous cages, where sex workers were displayed to passersby and potential customers. Mary Ellen Mark A young woman and a child seen reflected in a mirror.

Persons: Mary Ellen Mark, Mary Ellen Mark couldn’t, ”, Falkland, ” Meredith Lue, Lue, didn’t, Mark, “ Saroja, ’, Mary Ellen Mark Friends, “, ” Lue, she’s, Asha, Mumtaz, Usha, Mary Ellen Mark Late, Mary Ellen Mark Falkland, wouldn’t, Champa, Martin Bell, ” Mark, Mary Ellen Mark Hidden, ” Bell, Mark’s, ’ ” Lue, Ward, They’re, they’ve, It’s, ” Mary Ellen Mark Organizations: CNN, New York Times, Mary Ellen Mark Foundation, GEO, Olympia, Mental Institution, Ward, Times, “ Locations: Mumbai, Bombay ”, Bombay, —, Falkland, “, Mumbai's, South India, America, Berlin, Germany, India, Seattle, Oregon

☆ India is a breakout star during a tough year for emerging markets investing
▼ + stars: | 2023-12-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The India SENSEX Index, an index of 30 large companies listed on the Bombay Stock Exchange, is up 18% this year. The iShares MSCI India ETF (INDA) is at a new high. You run several international ETFs focused on the internet and ecommerce, including the India Internet & Ecommerce ETF (INQQ). The internet companies are the fastest growing consumer companies. The India Internet economy may grow 500% by 2030.

Persons: Burton Malkiel, Kevin Carter, Todd Sohn, There's Organizations: Bombay Stock Exchange, Edge, Chemical Bank, Princeton University, EMQQ, India, Ecommerce, Strategas Securities, Microsoft, Apple, India's Tata Group, Bajaj Financial, China ETF, White House Locations: Europe, India, China, United States

☆ India's blue-chips open higher, inch towards record high ahead of GDP data
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

The Bombay Stock Exchange (BSE) building is seen lit up for Diwali, the Hindu festival of lights, in Mumbai, India, November 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Indian blue-chip shares opened higher on Thursday, with the benchmark indexes inching towards new record highs, as bets of U.S. interest rate cuts by March 2024 have triggered foreign inflows ahead of key macroeconomic data. The NSE Nifty 50 index (.NSEI) rose 0.17% to 20,130.10 points and the S&P BSE Sensex (.BSESN) was up 0.15% at 66,995.97, respectively, as of 9:16 a.m IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Mrigank Dhaniwala, Sohini Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ ‘A year of volatility’: Morgan Stanley names its top stocks as India prepares to head to the polls
▼ + stars: | 2023-11-28 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The investment case for India is hard to argue with, according to analysts at Morgan Stanley — but they warn that upcoming elections with "potential binary outcomes sets the market up for volatility." "Government policy remains supportive, and the RBI (Reserve Bank of India) executes a calibrated exit from its current hold stance. For Morgan Stanley, the downside, or bear case, to its forecast would see India's elections result in a change in government. Focus list of overweight-rated stocks Looking ahead to India in 2024, Morgan Stanley is overweight on companies in the financials, consumer discretionary, industrials and technology sectors. From the financial services sector, Morgan Stanley is overweight on ICICI Bank and insurer SBI Life Insurance .

Persons: Morgan Stanley —, Ridham Desai, Narendra Modi, Morgan Stanley, — CNBC's Michael Bloom Organizations: Bombay Stock Exchange, Reserve Bank of India, International Monetary Fund, Maruti Suzuki, Hindustan Aeronautics, Infosys, ICICI Bank, SBI Life Insurance Locations: India, U.S, Government, F2026E

☆ Indian shares set for muted opening; TCS, Cipla in focus
▼ + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.

Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru

Regulators have so far not mandated any minimum net worth or investor qualifications for those trading stock options, and the stock markets almost always rise each year - both recipes for higher risk-taking and complacency. The "stark" increase in daily options trading turnover raises issues of investor protection, said Ajay Tyagi, former SEBI chief. The platform has seen an uptick in futures and options trading activity, Zerodha said in response to Reuters queries. Siddharth Joshi, a 36-year old from Surat in western India, said he lost 200,000 rupees trading options on Adani Enterprises (ADEL.NS) shares in January. "In options trading, I know my loss is capped but there is an opportunity to make maximum profit," he said.

Persons: Francis Mascarenhas, Mihir Vora, SEBI, Ashish Chauhan, Ajay Tyagi, Kailash, Bhavesh Shah, Shah, Zerodha, Siddharth Joshi, he's, Ira Dugal, Vidya Ranganathan, Raju Gopalakrishnan Organizations: Bombay Stock Exchange, REUTERS, Rights, Securities, Exchange Board of India, Trust Mutual Fund, National Stock Exchange of India Ltd, BSE Ltd, Reuters, Axis Mutual Fund, National Stock Exchange, Adani Enterprises, Thomson Locations: Mumbai, India, Rights MUMBAI, South Korea, Bhavesh, Ahmedabad, Surat

☆ 'We are bullish on India': As Diwali begins, these 3 stocks are set to outperform, analysts say
▼ + stars: | 2023-11-13 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

A strong economy, growing population and booming stock market have put India on the map for many investors this year. It can lead to stock market moves, as some investors view it as a new beginning. "We are bullish on India for Samvat 2080," Kotak Securities' analysts wrote in a recent note. Financial services company Bank of India is also on Kotak Securities' buy-rated list following higher profit booking levels. The analysts give the stock a target price range of 120-130 Indian rupees, or upside potential of up to 26%.

Persons: Kotak, Naman Tandon Organizations: Securities, Kotak Securities, Bombay Burmah Trading, Financial, Bank of, Godrej Industries Locations: India, Bank of India

☆ IT, financials lead slide in Indian shares; inflation data eyed
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Nov 13 (Reuters) - Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index (.NSEI) was down 0.35% at 19,456.75 as of 9:18 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.40% to 64,995.73. The benchmarks Nifty 50 (.NSEI) and Sensex (.BSESN) hit three-week highs in the special one-hour "muhurat" trading session on Sunday, led by gains in energy and information technology stocks. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, Bengaluru

☆ An Epic Pilgrimage Across Three Great Religions
▼ + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com time to read: +111 min

Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.

Persons: Eduardo Quintela Gonzáles, ” Quintela, JAN, “, ”, Quintela, Victor, Edith Turner, Chaucer, ferne, sondry londes, Vaishno Devi, Lyra Skinner, Lyra, Victoria Preston’s, —, Prophet Muhammad, Virgin Mary, Bath, Naipaul, Augustus, Ryan, garret, Virgin, Monica Machicao, Nicholas Casey, ” Monica, Casey, Evo Morales, sloughing, Columbus, Cortés, Francisco Pizarro, Monica, glitzy cholets, Peru —, Viracocha, it’s, Pablo Quisbert, Leandro Chitarroni, Eichmann, Father Chitarroni, Father Chitarroni’s, Conquistadores ”, Fernando Cervantes, Bernabé Cobo, Quisbert, Edgar Quispe, Tatiana Huayhua, Francisco Tito Yupanqui, Mary, Yupanqui’s, su, Yupanqui, Chitarroni, she’s, Friar Abelino Yeguaori, Friar Yeguaori, Friar Yeguaori’s, Irene, Juana, hajji, Waka, Aracely Alcón, Santiago, Alcón, ‘, don’t, ” Alcón, Tito Yupanqui, Uma Marka, Pachamama, haggard, Amaru Fiorilo Barrios, he’d, ” Fiorilo, Fiorilo, who’d, Valeria Alcón, Laureano Jose Quisbert, Elena Ticona Flores, Eduardo Quintela’s, Ensamble, pang, padre, consolations, Sincrético, El, Rodrigo Paz Pereira, Axel, amauta, strode, La, Aatish Taseer, Saint Helena —, Constantine I, La Paz, Orgilbaatar Tsolmon, Orgil, Genghis Khan, Edward Gibbon, ” Orgil, Araniko’s, Kublai Khan, Genghis Khan’s, Kubla Khan, Coleridge, Kublai, Stalin, sybarite, Khamar, Dalai Lama, Lama, Christopher Kaplonski, ger, I’d, banshtai tsai, Prim, Egi, Munkhdul, Gandantegchinlen, Haidav, herder, “ Um sain, boltugai, Danzanravjaa, Zanabazar’s, Erdene, Mandakhtsog Monkhbaatar, Monkhbaatar’s, Dalai Lamas, prostrated, He’d, Zuu, she’d, Santiago de, L.K, Advani, Emperor Babur, Ram, kar sevaks, Ayodhya, Narendra Modi, Munkhbaatar Batchuluun, Henry Wallace, Franklin D, Potemkin, Munkhbaatar, Gerelmaa, Giimaa, She’d, Eduardo Quintela, Aracely, Santiago’s, Joseph Brodsky’s, Muhammad’s, Hussein, William Keo, ” Khuder, pillion, Labaik, Hussein ”, O Hussein, hearkened, Prophet, Ali —, Ali, Yazid, Imam, crackling, chickpeas, Imam Ali, Imam Hussein, Saddam Hussein, Tusi, Qasim, Imam Hussein’s, Khuder, “ Will, Najaf, prestes, — I, Yasir Yaseen, Ashura, Ali Akbar, Abbas, Ali Asghar, “ We’re, Francisco Goya’s, Hussein’s, Groom, Joseph, ” Wissam, Turfi, Saddam —, Arbaeen, Saddam, “ Imam Hussein, WE, Muhammad, Barnaby Rogerson, Prophet Muhammad ”, ” Ali, Muhammad — Muhammad, formlessness, Muqtada al, Abrams, chiding, Abu Musab Al, Zarqawi, Al Qaeda, William, “ They’re, Ayatollah Ali Khamenei, flagellants, ruddy, stylishly, Hussein — shahid —, Farman Ahsan, Syed Salman Raza —, Saddam’s, ” Raza, William “, Ali Zayn al, Abidin, Labaik ya Hussein, thrall —, Lloyd, Susanne Rudolph — Organizations: CITY LA, LA, LA PAZ, Virgin, Crusaders, Dolorosa, Sun, The New York Times, Bolivian, Spain, La, Cordillera, Universidad Mayor de, Catholic, Good, La Paz, Dominican, Pakistan, Caesars, Nissan, Coke, Communists, Communism, ardor, Communist, Hyundai, flails, sacra, Apache, Mahdi Army, Al, ISIS, Karachi —, Princeton Locations: Bolivia, Mongolia, Iraq, Aatish Taseer Bolivia Mongolia Iraq, CITY LA PAZ, BOLIVIA, NAJAF, IRAQ, ULAANBAATAR, MONGOLIA, LA PAZ, La Paz, Bolivian, Copacabana, Lake Titicaca, New York, Christian, British, sondry, India, Delhi, Varanasi, Europe, American, Mecca, Arabia, Long, Vino Tinto, Chile, Peru, Monica, Plurinational State, Bolivia —, Americas, Spain, Columbian, Aztec Mexico, Inca Peru, Calvary Hill, Virgen del Cerro, South America, Puerto Rico, Huatajata, ”, Argentine, Universidad Mayor de San Andrés, Mexican, revelry, Spanish, “, morena, La, “ India, multilayered, Potosí, Argentina, Warisata, Scotch, Santiago de Compostela, Kingdom of Saudi Arabia, Nepal, Nations, El Alto, Buenos Aires, Bombay, Tibet, Bolivia’s, Yamuna Rivers, United States, Buddhist Mongolia, Ulaanbaatar, Mongolian, Istanbul, Asia, Islam, China, Beijing, Dadu, Erdene Zuu, Soviet, Gobi, Los Angeles, gers, Qing China, Karnataka, Töv Province, Karakorum, Khamar, Erdene, Ukraine, Korea, Golden, Bayankhongor, Lhasa, Dalai, Inner Mongolia, Mongol, Nalaikh, Santiago, Santiago de Compostela and Canterbury, Bulgan Province, Somnath, Gujarat, Ayodhya, Uttar Pradesh, ger, East German, Uvs Province, Pakistani, Indian, Tennessee, Najaf, Baghdad, Khuder, —, abayas, KARBALA, Kufa, Medina, Saudi Arabia, Karbala, Imam Ali, Bab, Kuwaiti, Bohras, South Asia, Tajikistan, Zaydis, Yemen, Alawites, Anatolia, Syria, Iran, Bahrain, Azerbaijan, Sadr, U.S, Jordanian, Al Qaeda, Mesopotamia, Al, Multan, Pakistan, Punjab, Pakistan’s, Islamabad, Lahore, Kuwait, Karachi, Doha, Qatar

☆ Indian shares rise as falling oil prices boost energy stocks
▼ + stars: | 2023-11-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 8 (Reuters) - Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index (.NSEI) was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.14% to 65,027.13. "Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets," said analysts at Centrum Institutional Research. Ten of the 13 major sectors rose, with energy (.NIFTYENR) and oil & gas (.NIFYOILGAS) rising 0.5% and 1%, respectively. ICICI Bank (ICBK.NS), SBI Life Insurance (SBIL.NS), Bajaj Finance (BJFN.NS), Kotak Mahindra Bank (KTKM.NS) were among the top Nifty 50 losers, shedding between 0.3% and 0.8%.

Persons: Francis Mascarenhas, Powell, Brent, Bharath Rajeswaran, Dhanya Ann Thoppil, Sohini Goswami, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Centrum Institutional Research, Bharat Petroleum Corporation, ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank, Wall, U.S, Treasury, Nasdaq, Apollo Tyres, Prestige Estate, Thomson Locations: Mumbai, India, China, Bengaluru

☆ India’s gamified equities are a wake-up call
▼ + stars: | 2023-11-08 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

The result is an acceleration of Indian savings away from gold and real estate into financial products. However, it is also leading to what Ashish Gupta, chief investment officer at Axis Bank’s mutual fund, dubs “the gamification of Indian equities”. A frenzy for index options has driven up volume in the derivatives market to the tune of $4.3 trillion a day. Retail traders made up a higher share of equity derivatives turnover than their institutional counterparts on the National Stock Exchange between 2017 and 2021. Whatever the fix, it’s a reminder that India’s digital leapfrog which other developing countries are urgently trying to replicate has a dark side too.

Persons: Francis Mascarenhas, Ashish Gupta, Gupta, weren’t, Ananth Narayan, SEBI, Nithin Kamath, Zerodha, Lalit Keshre, Una Galani, Thomas Shum Organizations: Bombay Stock Exchange, REUTERS, Rights, Reuters, National Stock Exchange, Tiger, Securities, Exchange Board of India, Thomson Locations: Mumbai, India, U.S

☆ Metals lead rise in Indian shares amid global rebound
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Oct 25 (Reuters) - Metals led Indian shares higher amid a rebound in global stocks, as U.S. Treasury yields eased and crude oil prices moderated below $90 per barrel. The NSE Nifty 50 index (.NSEI) was up 0.25% at 19,329.35 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.28% to 65,744.08. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, Metals, Treasury, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares open marginally higher on oil pullback; IT stocks slip
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: 1 min

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Oct 12 (Reuters) - Indian shares opened marginally higher on Thursday as moderating oil prices boosted sentiment, while a slide in information technology (IT) stocks after Tata Consultancy Services' earnings capped gains. The NSE Nifty 50 index (.NSEI) was up 0.11% at 19,832.70 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.10% to 66,549.26. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Varun Organizations: Bombay Stock Exchange, Sensex, REUTERS, Rights, Tata Consultancy Services, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. A hearing for Barclays' appeal to the Bombay High Court is listed for Oct. 20, court records show. They declined to comment on the specifics of the Indian case. Gupta has also appealed to the Bombay High Court, court records show, arguing the pay-out awarded was too low, the source familiar with the appeals said. Last year, Gupta also filed a secondary civil case against Barclays, another court filing shows.

Persons: Atul Gupta, Jes Staley, Francesca West, Gupta, Arpan Chaturvedi, Sinead Cruise, Alexander Smith Organizations: Barclays, Reuters, Financial, Authority, FCA, Global Service Centre Private Limited, Bombay High Court, Thomson Locations: Indian, Pune, Bombay

☆ Indian shares set to tick up as global markets recover
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 29 (Reuters) - Indian shares were likely to open slightly higher on Friday, tracking gains in Asian peers as global markets stabilised from a recent sell-off, while crude prices eased from 10-month highs. India's GIFT Nifty (.GIFc1) was mostly unchanged at 19,636 points at 8:05 a.m. IST on the NSE International Exchange. Indian benchmarks were on track to end the Sept. quarter with minimal gains after a 10.5% rise in the previous quarter. ** Multi Commodity Exchange (MCEI.NS): India markets regulator has askedco to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.

Persons: Francis Mascarenhas, IHC.AD, Anisha Ajith, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Accenture, U.S . Foreign, Energy, Adani Energy Solutions, International Holding, Adani, Commodity Exchange, Investment, Finance, Thomson Locations: Mumbai, India, U.S, Abu Dhabi, Bengaluru

☆ Indian shares likely to open lower on extended global weakness
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares are expected to open lower on Thursday, tracking global markets, as worries over higher interest rates and surging crude prices weighed. Domestic investors will also focus on surging crude prices, which rose 3% overnight. Higher oil prices will negatively impact India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains. FIIs sold 3.54 billion rupees ($42.53 million) of shares, while domestic investors bought 3.86 billion rupees shares on Wednesday, provisional exchange data showed.

Persons: Francis Mascarenhas, FIIs, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Treasury, Dixon Technologies, Sethuraman NR, Thomson Locations: Mumbai, India, Skyserve, Bengaluru

☆ Indian shares struggle on weak global cues, higher crude prices
▼ + stars: | 2023-09-28 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares struggled to add to initial gains on Thursday as weakness in global equities markets over fears of higher interest rates and surging crude prices weighed. "Despite the correction, India has still outperformed the global markets.. But, we are also seeing many emerging risks like higher crude prices and depreciation in rupee," said Samrat Dasgupta, chief executive at Esquire Capital Investment Advisors. Crude prices, which rose 3% overnight will hurt India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains, triggering inflation risks. Among sectoral indexes, information technology stocks (.NIFTYIT) fell 0.8%, metals (.NIFTYMET) gained 0.6%, while the public sector banks (.NIFTYPSU) climbed 0.9%.

Persons: Francis Mascarenhas, Samrat Dasgupta, Esquire's Dasgupta, Sohini Goswami, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Esquire Capital Investment Advisors, Treasury, Federal Reserve, Oil India, ICICI Lombard, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares set for muted opening on weak global cues
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 27 (Reuters) - Indian shares are set for a muted opening on Wednesday, tracking weakness in global equity markets as investors continue to grapple with prospects of higher interest rates denting economic growth. India's GIFT Nifty (.GIFc1) was mostly unchanged at 19,609 points at 7:34 a.m. IST on the NSE International Exchange. Meanwhile, foreign investors remained net sellers this month, offloading about $1.5 billion of shares as of Sept. 22, after pouring over $15 billion into Indian equities this year. Foreign investors sold 6.93 billion rupees of shares, while domestic investors bought 7.14 billion rupees shares on Tuesday, provisional exchange data showed.

Persons: Francis Mascarenhas, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, U.S, Federal, Vedanta, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

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