#LatestNews⚡️
What is the sugar daddy effect, according to Aswath Damodaran
Aswath Damodaran, a Professor of Finance at the Stern School of Business at New York University, famous for his philosophies on valuations has adapted the popular phrase ‘sugar daddy’ into the world of finance.
For the uninitiated, a sugar daddy is a rich, older man who showers young women with money and gifts for her company, friendship, love, and/or sex. The valuations Guru believes something similar is at play in the world of venture capital too.
In an article published on his LinkedIn account on October 29, Damodaran argues that even the largest of entities like sovereign wealth funds and venture funds backed by big corporations make less diverse bets due to a lack of independence from the parent or the government that provides the money.
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Bharti Airtel shares fall to a one-month low as leadership concerns emerge
Shares of Bharti Airtel Ltd. are trading at a one-month low on Tuesday, October 28, amid leadership transition concerns. Despite stable operational performance, Bharti is focused on ensuring a smooth leadership transition.
Gopal Vittal will step down from his role as MD and CEO, effective January 1, 2026. As part of the transition, Vittal will assume additional responsibilities as Vice Chairman.Shashwat Sharma, currently COO with over six years at Airtel, has been appointed CEO-Designate. Sharma will officially take on the role of MD and CEO from January 1, 2026.The Sunil Mittal-led telecom major reported a strong set of Q2 results that were in line with estimates.
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ideaForge shares, which surged 100% on listing day are down nearly 20%
from IPO price
Shares of ideaForge Technology, the drone manufacturing company, are down 8% in Tuesday’s trading session after the company reported a net loss in the September quarter.
The stock, which ranks among the most successful listing of 2023, is now trading below its IPO price. For the September quarter, ideaForge reported a net loss of ₹12.2 crore, compared to a net profit of ₹80 lakh during the year-ago quarter. Revenue for the quarter increased by 57% to ₹37.2 crore.
However, its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a loss of ₹14.1 crore, which is nearly double of the EBITDA loss of ₹7.9 crore that the company had reported in September last year.
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#TechTalks????
Apple ships $6 billion of iPhones from India in big China shift
Apple Inc.’s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass about $10 billion in fiscal 2024.
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Apple unveils new iMac with M4 chip and Apple Intelligence
Apple has announced the latest iteration of its iconic iMac, now powered by the advanced M4 chip and enhanced with Apple Intelligence. This new release promises to redefine the all-in-one desktop experience with its blend of powerful performance, vibrant design, and cutting-edge technology.
Performance and Design
Apple said the new iMac offers a significant boost in performance, making it up to 1.7 times faster for everyday tasks and up to 2.1 times faster for demanding workflows such as photo editing and gaming compared to its predecessor, the M1 model. This leap in capability is complemented by the Neural Engine, which enhances AI-driven tasks, making the iMac the world’s leading all-in-one for AI applications.
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#DailyData????
CJI Tenure
#PersonalFinance????
Investment options to secure your wealth this Diwali
As Diwali approaches, a season marked by prosperity and new beginnings, many are focused on festive preparations and celebrations. However, Diwali is also an ideal time to reflect on personal finances and set a foundation for future security. Financial planning experts recommend harnessing the festive spirit to not only celebrate but also make smart investment choices that can ensure lasting wealth and stability.In a recent note, Airtel Finance shared insights on balancing financial celebrations with responsible planning, offering various investment avenues to fit different risk appetites.Instead of splurging entirely, Airtel Finance recommends allocating a fixed budget for celebrations and directing some resources toward a diversified portfolio.
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Dhanteras 2024: This brokerage suggests levels to buy gold
As Diwali 2024 approaches, the traditional practice of buying gold is more than just a cultural ritual. It’s a strategic investment move. Gold purchases symbolise wealth, prosperity, and good fortune, making this time particularly significant for investors.Recent analysis from Religare suggests that now is an opportune moment to consider buying gold, given the current economic landscape and market trends.
Strong demand amid geopolitical tensions
Ongoing geopolitical tensions, especially the Israel-Hamas conflict and China’s military maneuvers in the South China Sea, are affecting global financial stability.
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#ExpertEdge????
World Stroke Day | Why skilled neuro physiotherapists and holistic rehabilitation are critical in India
Many of us have witnessed the profound struggles that stroke survivors face, whether it be a family member, a friend, a loved one, or even ourselves. The aftereffects of a brain stroke are devastating, from difficulties in breathing and heart function to challenges with balance, coordination, weakness, and even paralysis.
For stroke survivors, even the simple acts of chewing, swallowing, or speaking becomes a monumental task. These aren’t fleeting symptoms. They require attention, care, and management for years, if not a lifetime. Strokes alone account for the highest percentage of Disability Adjusted Life Years (DALY) globally, at 6.3%.
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What the recent merger control amendments mean for India Inc
The Indian merger control landscape has undergone significant changes with the recent amendments to the Competition Act, 2002. These amendments, while expansive, include several industry-friendly changes, aimed at improving the ease of doing business in India.
Introduction of Deal Value Threshold
The introduction of the Deal Value Threshold (DVT) was a long-awaited development considering that certain significant M&As escaped scrutiny from the Competition Commission of India (CCI) in the past. Previously, whether a transaction needed CCI approval depended on the size of the parties. Now, with DVT in place, transactions will require mandatory CCI approval if the deal is worth over ₹2,000 crore (about US$238 million) and meets specific ‘India nexus’ criteria. This criterion is particularly important for global deals where India is only one of the legs of the transaction.
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We’ll see you tomorrow with another 11:11
