#Top Stories
Welspun Group eyes revenue of ₹ 1 lakh crore in next three to five years – Exclusive
Welspun Group Chairman BK Goenka is targeting an overall group turnover of ₹1 lakh crore in the next three to five years. That’s triple the current figure of nearly Rs 40,000 crore a year.
In an exclusive interaction with CNBC-TV18, the first in years, Goenka said Welspun Group’s strategy is based on three key pillars: Growth, Governance and Ecology, all of which aim to transform the company into a powerhouse across multiple sectors and create value for the shareholder.
Here are some of the key takeaways from the interaction:
“Get ready for 24,000 on the Nifty if this key level is broken,” warns this chartist
Gautam Shah of Goldilocks Premium Advisory believes that 24,800 on the downside is a very crucial level for the Nifty. In case that breaks, bulls need to prepare for 24,000 levels on the Nifty.
“I think 24,800 is quite important from a short-term perspective. If it was broken, one would have to be prepared for 24,000 levels,” Shah told CNBC-TV18 in an interaction on Monday. The Nifty fell over 4.5% last week in what turned out to be the worst week of the year and the worst in almost two years.
#BankingAndFinance
Here are the key aspects that NBFCs should know to avoid being subject to RBI warnings
Non-banking financial companies (NBFCs) play a crucial role in India’s financial ecosystem by providing various financial services and catering to sectors that are often underserved by traditional banks. However, with this expanded role comes greater responsibility to comply with the strict regulatory norms set by the RBI. Failure to comply with these regulations may result in warnings, penalties or more severe actions. To avoid such outcomes, NBFCs must be alert in several critical areas.
#CNBCTV18Edge
7 countries that are bankrupt or need bailout to avoid default
A senior UN official said in 2022 that 50 poor countries face the danger of bankruptcy. The reasons for the bankruptcy, the official said, include high inflation, the energy crisis and the increasing debt burden. The statement of the head of the UNDP, Achim Steiner, remains relevant even today, when several countries flirt with bankruptcy.
#EdgeExpert
Iran-Israel War: How much worse could this get?
The next move will be Israel’s. It will be an attack. The question remains when, where and how bad it will be. Netanyahu’s motive is clear: regime change in Iran. The conflict may not reach nuclear proportions, but Iran has shown that it can cause enough damage, even in civilian areas, if it so chooses.
However, it is likely that Iran will be able to exert its influence in the Strait of Hormuz before seeking civilian bosses. Just as the United States decided to back Israel, Russia and China may choose Iran. One way or another, the situation in the Middle East could get much worse before it gets better.
Work-life balance | Why organizations with strong cultures exhibit higher performance
By respecting both work and personal commitments we can foster a healthier and more productive work environment. Employees must communicate their needs and preferences to their employers, while employers must establish transparent policies and guidelines. Without clear communication, misunderstandings can arise which can lead to increased stress. Employees should be offered flexible work options, such as remote work, flexible hours, and long weekends. Flexibility allows employees to set a schedule that optimally fits their needs, leading to greater satisfaction and productivity. Research indicates that happy employees exhibit a 13% increase in productivity compared to their dissatisfied peers. Organizations with strong cultures exhibit higher performance and improved productivity levels. Organizations that neglect to focus their culture often find it difficult to maintain their top talent.
#PersonalFinances
Chinese market rally: How Indian mutual fund investors can cash in on the boom
The recent rise of the Chinese stock market has caught the attention of investors around the world, including those in India. China’s renewed stimulus measures have brought its market capitalization back to the $10 trillion level for the first time since August 2023.
As India’s investment community watches this growth, the question arises: Should it invest in China and, if so, how?
This is what two experts suggested
This mutual fund has converted ₹10,000 monthly SIPs into ₹1.60 crore in nineteen years.
Aditya Birla Sun Life India GenNext Fund has converted a monthly Systematic Investment Plan (SIP) of ₹10,000 into ₹1.60 crore over 19 years. Launched in August 2005, the open-ended equity fund follows a consumer theme, taking advantage of India’s growing workforce, rising income levels and growing high-value spending patterns.
An initial lump sum investment of ₹1 lakh at the inception of the fund has grown to ₹22.35 lakh. The fund has generated compound annual growth rates (CAGR), with 1-year return of 17.68%, 3-year return of 22.38%. and a 5-year profitability of 18.84%.
#TravelWithCNBCTV18
Beach shacks open early in Goa; MOPA airport launches GOX pass to offer tourists great discounts
Manohar International Airport (MOPA) has introduced GOX Pass, a new passenger privilege program designed to enhance the experience of tourists arriving in Goa. GOX Pass is being considered as India’s first passenger privilege initiative by an airport, which will offer deep discounts to travelers arriving at MOPA via domestic, international or charter flights, the airport said.
“This innovative initiative promises discounts of up to 50 per cent on a wide range of leisure, shopping, dining and wellness experiences across Goa,” the statement read.
There is a fascinating attraction in Dubai and you must participate under a starry sky.
Imagine Dubai and images of towering skyscrapers, luxurious shopping malls and streets lined with luxury cars come to mind. And indeed, Dubai is synonymous with such opulence. However, beyond the gleaming façade lies a side of the city that many overlook: an oasis of serenity and tranquility waiting to be discovered. One of the best ways to experience this calm is by night kayaking.
Night kayaking in Dubai is as magical as it gets. The journey begins at Jumeirah First, where you will complete some formalities before being assigned a guide. This guide will take you back to the starting point and offer a brief tutorial on the basics of rowing.
BKC to Aarey section of Mumbai Metro Line 3 opens today: Know timings, fare and speed
The Bandra Kurla to Aarey complex stretch of Mumbai Metro Line 3 will be open to public at 11 am on Monday (October 7). The last service will be at 10:30 p.m.
The Prime Minister terminated the new line on October 5. It launched the MetroConnect3 app designed to enhance the travel experience of commuters and also introduced a coffee table book containing spectacular photographs of the underground metro ride.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.