MANISH AGARWAL
Which MF categories should you invest in this Diwali? Experts suggest funds for conservative, moderate & aggressive investors
As Diwali approaches, it's an ideal moment for investors to reassess their mutual fund strategies according to their risk appetite. Conservative investors might prioritize debt-oriented funds with a touch of equity for added safety. Those leaning towards moderate risk can benefit from hybrid funds that merge equity and debt for balanced growth. In contrast, aggressive investors may dive into diversified equity funds for maximizing wealth over the long haul.
Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty
The Securities and Exchange Board of India (Sebi) has taken serious action against EKI Energy Services Ltd and its Managing Director due to financial misreporting. The regulatory body discovered that the company recognized revenue too early and inflated expenses, distorting profit reports. In addition to the company's penalties totaling Rs 88 lakh, several executives were also fined for their complicity in these discrepancies.
Asian Para Games: Shrishti Arora takes bronze in women's 10m air pistol SH1 event
Shrishti Arora secured a bronze medal in the women's 10m air pistol SH1 event at the Asian Para Games. She achieved a score of 214.7 in the final round, finishing third overall. Iranian shooters Faezeh Ahmadi and Sareh Javanmardi won the gold and silver medals, respectively. Earlier, Manish Narwal earned a silver medal in the men's 10m air pistol SH1 event. This marks India's fourth shooting medal at the Games.
Blackouts hit Indian factories as coal crunch feeds into economy
Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems.
Physical AI startups moot industry body to set data-collection standards
The proposed body could also help AI labs connect with various farms, factories, hotels and other real-world environments from where they can access and collect data needed to train robots at a fixed rate, one of the founders said.
India’s chip push draws global interest; Quick comm's ad blitz
India’s semiconductor push is gaining global attention as the country looks to build a stronger chip manufacturing ecosystem. This and more in today’s ETtech Top 5.
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Voice AI models struggle to understand speech, creating challenges for robot training: Humyn Labs
Voice AI models frequently encounter hurdles when it comes to grasping the intricacies of human speech. Variances in dialects and overlapping conversations can lead to significant transcription inaccuracies. Furthermore, extended silences may disrupt the models' ability to retain contextual relevance, undermining performance. This lack of precision can diminish user satisfaction and impact automation in real-world AI settings, making effective voice processing essential for collaborative robots working with humans.
Expert calls for human accountability in AI-led banking at Global Fintech Fest
"AI can automate decisions; but accountability cannot be automated," Krishnakumar said.
Three arrested in anti-BRICS Summit graffiti case in Delhi
Delhi Police arrested three individuals for graffiti at Singhu Border. The accused allegedly acted on behalf of Sikhs for Justice. Police examined CCTV footage and recovered the vehicle used. Tight security is in place for the ongoing BRICS Summit. India hosts the summit with a focus on cooperation and development.
India's physical AI boom spawns a new class of robot workers
Data collection related to basic human activity and on the shop floor was the first layer, and is well documented, but now teleoperators, robot operators, field workers, data annotators, supervisors and robotics technicians are emerging as the next layer, according to physical AI startups such as Humyn Labs, Neo Cambrian AI and Modal Robotics.
Allahabad HC seeks UP govt's reply on petition against Saharanpur mosque demolition
The Allahabad High Court has stayed a six crore rupee fine imposed on a mosque management. This order came after the mosque's demolition in Saharanpur's collectorate premises. The court has asked the Uttar Pradesh government to file a counter affidavit within three weeks. The petition challenges the city magistrate's demolition order and the district judge's dismissal.
Rs 34 lakh F&O trading loss: Income Tax dept calls it speculative, ITAT Delhi treats Rs 25 lakh as business loss
Taxpayer lost Rs 34 lakh in F&O trading but reports it as business loss; Income Tax dept treats it as speculative loss; ITAT Delhi treats Rs 9 lakh as speculative and the rest as business loss. The ITAT Delhi bench comprised of Sudhir Kumar, Judicial Member and Manish Agarwal, Accountant Member.
Nifty’s next rally needs two battered warhorses to wake up. Which one will revive first?
For a continued uptrend, India's Nifty index relies heavily on the resurgence of the banking and IT sectors. Banks are poised for a quicker recovery owing to factors like enhanced liquidity and credit growth. Meanwhile, while IT firms navigate the complexities posed by AI, they still present attractive valuation opportunities for selective investments. Foreign investor activity remains pivotal in determining market trends, with small and mid-cap stocks currently gaining traction.
250+ new Vande Bharat Sleeper trains coming soon: Your next overnight journey is set for a big upgrade with Rajdhani-beating features & aircraft-style luxury
Vande Bharat Express is expanding into overnight sleeper services across the country. Multiple manufacturers are now working on advanced sleeper trainsets for Indian Railways, which are designed to offer greater comfort and speed for long-distance journeys. Prototypes are currently undergoing trials, with more trains expected to enter passenger service soon.
NODWIN bolsters IPO plan as it ropes in Nazara's former key man Manish Agarwal
NODWIN Gaming has appointed Manish Agarwal as a non-executive director. This move strengthens the company's leadership as it prepares for a potential initial public offering. Agarwal's experience in taking Nazara Technologies public is expected to be invaluable. NODWIN Gaming aims to raise over $100 million in a pre-IPO round.
Edu Firm Crizac, Borana Weaves get Sebi nod for IPOs
Borana Weaves’ IPO is a fresh issue of 70 lakh shares with no offer for sale component. The Surat-based company specialises in production of unbleached synthetic grey fabric.
Student recruitment solution provider Crizac gets Sebi's nod to float Rs 1,000-cr IPO
Student recruitment solution provider Crizac Ltd has received Sebi's go-ahead to garner Rs 1,000 crore through an initial public offering (IPO), an update with the markets regulator showed on Tuesday. The proposed IPO is entirely an offer for sale by promoters, Pinky Agarwal and Manish Agarwal, with no fresh issue component, according to the draft red herring prospectus (DRHP).
Crizac, Belrise file papers for IPO
Automotive component manufacturing company Belrise Industries' IPO comprises solely a fresh issue of ₹2,150 crore.
Sebi returns draft IPO documents of recruitment solution provider Crizac
Jul 22 (PTI) Sebi has returned the draft documents of student recruitment solution provider Crizac Ltd, which was looking to float Rs 1,000 crore Initial Public Offering (IPO), an update with the markets regulator showed on Monday. The move might delay the Kolkata-based company's initial share-sale.
Sterlite Power names Reshu Madan as CEO of global products, services business
Power transmission developer Sterlite Power on Monday said it has appointed Reshu Madan as the chief executive officer of global products and services business.
They can poison me: Akhilesh Yadav refuses tea offered by UP cops
Samajwadi Party President Akhilesh Yadav on Sunday asked his party worker to get tea from outside for him. "You never know, they may mix poison in my tea. I will drink my own tea and you people (cops) can drink your tea," he said.
Nazara Technologies CEO Manish Agarwal to step down
Nitish Mittersain, joint managing director of Nazara Technologies will return to the role Chief Executive Officer following Agarwal's resignation.
We will be selective and careful about where we put out our capital and our bandwidth, says Nazara CEO
“We will be very selective and pretty careful in terms of where we put out not only our capital but also our bandwidth to ensure that whatever we do is creating value for ourselves and for our shareholders.”
Sterlite Power elevates Manish Agarwal as CEO of its infrastructure and solutions business
Agarwal has been associated with the Sterlite Group for 22 years and has held various leadership positions across the organisation. In the elevated role, he will be responsible for both greenfield and brownfield transmission business of the company in India.
Estranged family of Gati promoter want board reconstituted
Brothers Dhruv and Manish with their mother Neera Agarwal approached the Hyderabad bench of the NCLT seeking tribunal’s intervention in the affairs of the company. They filed two separate petitions for Gati and TCI Finance, where Mahendra Agarwal is the promoter.
Nazara plans 20 startup bets in 2020
Nazara Technologies plans to shortlist 20 technology-based gaming companies in which it will acquire strategic stake. These companies will primarily be based in India, chief executive Manish Agarwal said.
Future Retail to spend Rs 200 crore for new Big Bazaar outlets in east
Agarwal said the eastern region contributed 25 per cent of the national sales, adding that West Bengal accounted for 30 per cent of the revenues from the east.
Nazara rides the NextWave, buys stake in Chennai firm
While Nazara declined to comment on the size of the deal, its CEO Manish Agarwal said that NextWave Multimedia is the company’s first majority stake acquisition.
Nazara Technologies ropes in Reliance Games's Manish Agarwal as its new CEO
The India gaming opportunity could be as large as China, a market which I have seen moving from $300-400 million to $6 billion in the last four years.
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