Welcome to Hampi, an enchanting UNESCO World Heritage Site located in the heart of Karnataka, India. This ancient city stands as a symbol of India’s rich history, showcasing a remarkable blend of breathtaking landscapes, historic ruins, and architectural marvels. With its deep-rooted myth and history, Hampi beckons travelers to embark on an unforgettable journey through…
Nvidia’s Surging Revenue in Third Quarter Driven by Singapore Sales In a surprising revelation, Nvidia revealed that 15% of its third-quarter revenue, totaling $2.7 billion, came from Singapore. This represents a 404.1% increase from the previous year and makes Singapore the fourth-largest contributor to Nvidia’s sales, after the U.S., Taiwan, and China including Hong Kong….
India’s power consumption has seen a significant surge, growing by almost 8.5 per cent to 119.64 billion units in November. This increase in electricity demand is attributed to festive celebrations and a rise in economic activities. Government data shows that in November 2021, power consumption stood at 110.25 BU, higher than the 99.32 billion units…
India’s Startup Ecosystem: A Detailed Look at the Top 10 Industries for New Startups India’s startup scene is booming, with a dynamic and diverse range of industries providing fertile ground for innovation and entrepreneurial success. According to Hurun India’s “India’s Top 200 Self-made Entrepreneurs of the Millennia 2023” report, certain industries stand out as particularly…
Mayank, a 12-year-old, has made history by becoming the youngest child to win ₹1 crore on the ‘Kaun Banega Crorepati 15’ during its ‘KBC Juniors Week.’ With talented kids like Mayank winning prize money in contests and shows, questions arise regarding the taxation of their income. The same concerns apply to other sources of income…
Private equity and venture capital firms have enjoyed a lucrative wave of exits via IPOs in 2023, raking in a total of ₹10,007 crore. This development follows a series of block deals involving stakes in prominent companies such as Delhivery, Zomato, and Paytm. A recent report by IVCA-E&Y revealed that open market exits accounted for…
Robinhood CEO, Vlad Tenev is standing firm on the company’s use of the payment for order flow (PFOF) model. Despite criticism from consumer trading advocates and regulators, Tenev defended the practice, stating that it is “inherently here to stay.” PFOF involves routing trades through market-makers like Citadel Securities in exchange for a cut of the…
Charlie Munger, the late investment icon, made a statement at Berkshire Hathaway’s annual meeting in Los Angeles on May 1, 2021. Munger, who stressed that he and Warren Buffett almost never used leverage, stated that Berkshire Hathaway could have doubled its value if they applied leverage when buying businesses and common stocks. This announcement came…
Charlie Munger, the lifelong partner of Warren Buffett, expressed hope that Berkshire Hathaway, with nearly $160 billion in cash, will find a major acquisition at the end of his life. The 99-year-old Munger told CNBC that an elephant-sized deal was necessary to use up the cash and borrowing capacity of the company. Berkshire Hathaway currently…
China’s Consumer Spending: A Look at the Current Climate As China’s consumer spending remains stagnant, McKinsey warns that companies need to adopt more strategic approaches to tap into this colossal market. Daniel Zipser, a leader in McKinsey’s Asia consumer and retail practice, predicts only an incremental improvement in the next year with no signs of…
