Latest news with #InstituteofManagementandResearch
Time of India
7 hours ago
- Business
- Time of India
Govt may commission market studies before bringing in ex-ante regulations for Big Tech: MoS for corporate affairs
The government could undertake market studies to build "an evidence-based foundation" for introducing an ex-ante framework under the proposed Digital Competition Bill to regulate the Big Tech, minister of state for corporate affairs Harsh Malhotra indicated in the Lok Sabha on Monday. In a written reply, Malhotra said: "Based on the suggestions/comments/inputs received, it is felt that an evidence-based foundation through market studies is required to consider all relevant aspects for ex-ante regulation considering it is in nascent implementational stages globally." Explore courses from Top Institutes in Select a Course Category Artificial Intelligence others Technology Others Project Management Management PGDM MBA Data Science Public Policy CXO Product Management Design Thinking MCA healthcare Finance Operations Management Healthcare Cybersecurity Leadership Data Analytics Data Science Degree Digital Marketing Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details In March 2024, a high-level official panel led by then corporate affairs secretary Manoj Govil had suggested a new antitrust law with an ex-ante framework to regulate only 'systemically significant digital enterprises' that have a 'significant presence' in India. It had submitted with the Ministry of Corporate Affairs (MCA) a draft digital competition bill, along with its report, for consideration. Malhotra said over 100 stakeholders from various fields had submitted their responses with the MCA on the draft Bill between March and May last year. Additionally, the ministry of electronics and information technology had organised stakeholder discussions on the draft bill in June last year and those comments are awaited, he added. Live Events The corporate affairs ministry is unlikely to bring in the proposed digital competition legislation this fiscal, as it aims to first introduce amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, ET has reported. On top of that, the ministry is also tied up with plans to expand the PM Internship Scheme for youth soon. Since digital competition is a rapidly-evolving and complex area, the government reckons undue haste in regulations could be counter-productive, people aware of the development had told ET earlier. Malhotra, too, had said in March that the government was in no hurry and that it would follow all the due processes before bringing in the new law. Ex-ante framework Ex-ante regulations usually stipulate a set of dos and don'ts with an aim to disallow certain practices from being pursued. The Govil panel had suggested that the penalty for violations of rules and regulations be as high as 10% of the digital entity's global turnover. Under the existing ex-post framework, violations of the competition law are investigated after they take place. While some experts said the ex-ante framework is modelled around EU law, government officials have said the legislation would factor in domestic sensitivities. A number of big technology firms, including Apple, Meta, Google, Amazon and Flipkart, had opposed ex-ante regulations before the Govil panel. The obligations for large players would be spelt out through subordinate legislation after deliberations with stakeholders, the panel had suggested.
Time of India
12 hours ago
- Business
- Time of India
Aswath Damodaran gives 4 reasons why companies should think twice before parking cash in Bitcoin
As Bitcoin prices flirt with record highs and corporate interest in the crypto asset gains momentum, valuation guru and NYU finance professor Aswath Damodaran has waded back into the Bitcoin debate with a sharp rebuttal to the growing chorus urging companies to stash their cash in crypto. In a July 18 blog post titled "To Bitcoin or not to Bitcoin? A Corporate Cash Question!", Damodaran lays out a clear stance: 'It is a terrible idea for most companies,' he said, adding, 'my reasoning has absolutely nothing to do with what I think of bitcoin as an investment and more to do with how little I trust corporate managers to time trades right.' Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Degree Finance Leadership Public Policy others MCA Product Management PGDM Design Thinking Others Digital Marketing Data Science CXO Cybersecurity Management Project Management Data Science Technology Healthcare healthcare MBA Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Damodaran, renowned for his empirical approach to corporate finance and valuation, argues that Bitcoin fails to meet the core objectives of corporate cash holdings and instead introduces avoidable risks to both balance sheets and business narratives. 1. 'Bitcoin does not meet the cash motives' At the heart of Damodaran's argument is a simple truth: corporate cash is meant to act as a financial shock absorber. Companies hold cash, he said, 'to meet unforeseen needs,' and to navigate crises or downturns when capital markets dry up. 'Replacing low-volatility cash with high-volatility bitcoin would undercut this objective, analogous to replacing your shock absorbers with pogo sticks,' Damodaran warned. Given Bitcoin's history of plunging during market sell-offs, he said, 'the value of bitcoin on a company's balance sheet will dip at exactly the times where you would need it most for stability.' 2. 'Bitcoin can step on your operating business narrative' Damodaran argued that allowing Bitcoin to play a prominent role on the balance sheet can distract from the company's core business story. 'It creates confusion about why a company with a solid business narrative from which it can derive value would seek to make money on a side game,' he said. Even worse, he said, Bitcoin's inherent volatility can obscure a company's performance: 'The ebbs and flows of bitcoin can affect financial statements, making it more difficult to connect operating results to story lines.' 3. 'Managers as traders?' The professor made clear his skepticism about letting CEOs and CFOs dabble in timing markets. 'When companies are given the license to move their cash into bitcoin or other non-operating investments, you are trusting managers to get the timing right,' he noted. 'That trust is misplaced, since top managers… are for the most part terrible traders, often buying at the market highs and selling at lows.' Instead of letting corporate leaders gamble on Bitcoin, Damodaran argued that shareholders would be better off receiving that cash as dividends or buybacks to deploy it how they see fit. 'Put simply, if you believe that Bitcoin is the place to put your money, why would you trust corporate managers to do it for you?' 4. 'License for abuse' Damodaran underscored a governance concern: 'Giving managers the permission to trade crypto tokens, bitcoin or other collectibles can open the door for self-dealing and worse.' He suggested that even if shareholders don't object, regulators might need to step in. 'The SEC (and other stock market regulators around the world) may need to become more explicit in their rules on what companies can (and cannot) do with cash,' he said. The carveouts: When Bitcoin might make sense Though firmly against most firms converting cash to crypto, Damodaran outlined four carveouts where holding Bitcoin might be justifiable, albeit with strong governance and transparency: 'The Bitcoin Savant': A company led by a CEO trusted for their trading acumen, like MicroStrategy's Michael Saylor, may earn shareholder buy-in to speculate with cash. 'The Bitcoin Business': For companies like Coinbase or PayPal, which handle Bitcoin as part of their operations, it can make sense to hold the asset as working capital. 'The Bitcoin Escape Artist': Firms in countries with failed fiat currencies, such as Argentina, might rationally prefer Bitcoin over unstable local currencies. 'The Bitcoin Meme': Companies like AMC or GameStop, whose stock prices are driven more by trading momentum than business fundamentals, may choose to amplify that volatility. Even in these cases, Damodaran called for 'shareholder buy-in,' 'transparency about Bitcoin transactions/holdings,' and 'clear mark-to-market rules.' Cui Bono? Damodaran's final word Damodaran concluded by cautioning Bitcoin advocates who are eager to see institutional and corporate adoption. While more demand may boost prices in the short term, the longer-term costs could prove damaging. 'Adding these investors to the mix will put [Bitcoin's] volatility on steroids,' he warned, and 'may lead at least some of them to regret this push.' His final takeaway for companies considering a crypto pivot? No matter how bullish you are on Bitcoin, think twice before making it part of your corporate cash strategy. Also read | I don't promote stocks, seek out investors: Aswath Damodaran ETMarkets WhatsApp channel )
Time of India
14 hours ago
- General
- Time of India
Jeju Air pilots' shocking error: why they shut off the wrong engine before deadly crash
According to a person familiar with the investigation, the South Korean-led inquiry into the December death of Jeju Air's aircraft has "clear evidence" that pilots turned down the less-damaged engine following a bird hit, the source said Monday, July 21. According to the source, pilots turned off the left engine rather than the right when performing emergency procedures following a bird hit shortly before the aircraft was set to land, as evidenced by the cockpit voice recorder, computer data, and a physical engine switch discovered in the debris. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Design Thinking Degree CXO Operations Management Data Science Digital Marketing Project Management MCA Technology MBA Product Management Healthcare Leadership Data Science healthcare PGDM Others Data Analytics Cybersecurity Finance Management Public Policy others Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Also read: South Korean Plane Crash Cause: What went wrong with Jeju Air killing 179? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Female Athletes in the World Click Here According to the source, who spoke to Reuters under condition of anonymity, "The investigation team has clear evidence and backup data, so its finding will not change," as investigators have not yet published an official report that includes this evidence. Examinations of the plane's recovered engines revealed no flaws prior to the bird strike and crash, according to a government source. Live Events The incident The Boeing 737-800 crashed at Muan Airport on December 29, killing all but two of the 181 passengers and staff members on board. It was the biggest air accident to ever strike South Korea. According to a third source who attended the briefing on Saturday, July 19, said that investigators informed the relatives of the victims that the right engine had sustained more damage from a bird strike than the left, and there was evidence that pilots had shut off the less damaged left engine. On Saturday and Sunday, MBN and Yonhap, two South Korean media agencies, reported such information. A preliminary report released in January said duck remains were found in both engines of the Jeju Air plane after the flight from Bangkok crashed at Muan Airport, but did not give details about the extent of remains or damage found in each engine. Also read: Bizarre survival secret revealed: How two crew members survived in plane crash where 179 passengers died Objections from victims families South Korea's investigation body on Saturday cancelled a planned release to the media of an update on what is known so far about the engines. Families of the crash victims were briefed on the report ahead of its planned release, but objected to its publication, saying that it appeared to apportion blame to the pilots without exploring other contributing factors, lawyers representing the families said. The Jeju Air flight overshot Muan Airport's runway as it made an emergency belly landing and crashed into an embankment containing navigation equipment, leading to a fire and partial explosion. Representatives of victims' families and the Jeju Air pilots' union said over the weekend that the investigation needs to also focus on the embankment, which aviation experts have said likely contributed to the high death toll. Aviation board of takes heat from air pilots' union about mishap The Jeju Air pilots' union said the ARAIB (Aviation and Railway Accident Investigation Board ) was "misleading the public" by suggesting there was no problem with the left engine given traces of bird remains were found in both engines. The union accused the ARAIB of trying to make pilots "scapegoats" by failing to provide scientific and technological grounds that the plane could have landed safely with only the left engine turned on. Air accidents are complex incidents that occur due to a number of contributing factors, and investigators have not produced evidence so far to support the implication that the accident was a result of pilot error, the union said. Collision with embankment after overshooting runway, main issue When the Jeju Air plane performed an emergency belly landing at Muan Airport, it overshot the runway and collided with a navigation equipment embankment, causing a fire and partial explosion. The probe must also look into the embankment, which aviation experts say certainly contributed to the high death toll, according to representatives of the victims' families and the Jeju Air pilots' union over the weekend. Also read: South Korea's Deadly Jeju Air Plane Crash: US Investigators Arrive to Uncover Cause of Disaster That Kille Given that evidence of bird remains were discovered in both engines, the Jeju Air pilots' union said the ARAIB was "misleading the public" by implying there was no issue with the left engine. Union members voice discontent amid silence from investigators According to the union, investigators have been "silent about organisational responsibility" thus far. According to a statement from a group that represents grieving families, certain statements on the accident's cause in the intended news release could be read as indicating that a definitive conclusion had been reached, and all relevant information about the tragedy needs to be made clear.
Time of India
14 hours ago
- Entertainment
- Time of India
Sonu Sood's Rs 20-crore Mumbai bungalow has a sneaker room, movie theatre & mango orchard: Here's what's inside 'Gangotri'
Actor, philanthropist, and now homeowner with flair, Sonu Sood has moved into his swanky new Mumbai bungalow 'Gangotri', and it's every bit as classy and calm as the man himself. Thanks to choreographer and director Farah Khan's vlog, fans got a rare, personal tour of Sonu's serene space, filled with elegance, earthy vibes, and more sneakers than you can count. From a peaceful Buddha corner to a room full of trainers, here's what's inside the Sood family's luxurious nest. Explore courses from Top Institutes in Select a Course Category Others CXO MCA Artificial Intelligence Data Analytics others Healthcare MBA Design Thinking Product Management Digital Marketing Leadership Management Data Science Technology Degree Data Science Project Management Cybersecurity Public Policy Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Calm meets class: A garden that sets the tone Valued at around Rs 20 crore, the house is a modern duplex haven. 'Gangotri' is proudly displayed on a signboard in both Hindi and English. As Farah and her cook Dilip stepped into the compound, they were immediately struck by the lush garden and a Buddha statue that echoed Sonu's own calm nature. Farah quipped, 'Sonu is also like this statue, always calm and composed.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensioners Can Buy These Electric Cars in Mersing - See Prices Here! Electric Cars | Search Ads Search Now Undo There's also a charming outdoor seating nook hugged by greenery, ideal for quiet conversations or mango-picking (more on that later!). White, cream and a hint of style Inside, the house carries a sophisticated white-and-cream palette. The living room is tastefully done with sleek sofas, a contemporary centre table, and art that doesn't scream but speaks. A classy dining area sits near the white staircase, flowing into the upper level. Live Events On the ground floor, viewers got a peek at Ishant's bedroom, painted in grey and featuring a bold car-themed canvas created by Ishant himself. Glass doors in his room open into the lush garden, because who doesn't want a room with a view? Sneakers and cinema: It's all in the details Upstairs, the family chills in a stylish media room kitted out with comfy white sofas and a massive screen, perfect for movie marathons. One standout piece? A jaw-dropping thread art portrait of Sonu, gifted by a fan, adding a personal artistic touch to the space. But it's the dedicated sneaker room that stole the spotlight. Sonu and his sons, Ishant and Ayaan, share this space – apparently, they're all the same shoe size! It's a sneakerhead's dream, with rows of stylish kicks displayed like prized possessions. Anime walls and mango trees in Ayaan's den Ayaan's room, also in shades of grey, gets a pop of fun with a bold yellow furniture unit and an anime-inspired mural stretching across the wall. His balcony opens to a serene patch of trees, including a mango tree, no less. In the vlog, the trio even picked up fallen mangoes, prompting Farah to joke, 'Sonu should start a mango-selling business!' Sonu Sood on the big screen While his home is making headlines, Sonu Sood is also busy professionally. His directorial debut 'Fateh', released on 10 January 2025, was an action-packed ride featuring Jacqueline Fernandez, Naseeruddin Shah, Vijay Raaz, and Dibyendu Bhattacharya. He's now preparing to direct and star in 'Nandi', a film that fans are eagerly waiting for. Inputs from TOI
Time of India
14 hours ago
- Business
- Time of India
Commodity Radar: 5 factors to impact gold price movement this week. Here's how to trade
Gold traded with a positive bias on Monday in the opening trade, riding on its safe-haven appeal amid fresh tariff-related developments that supported yellow metal prices. US President Trump has threatened a 30% tariff on EU and Mexico imports starting August 1. However, the EU responded by extending its suspension of countermeasures in hopes of reaching a negotiated settlement. Tensions cooled somewhat as Trump later signaled openness to further talks. Explore courses from Top Institutes in Select a Course Category Finance Cybersecurity Public Policy others Digital Marketing MCA Operations Management Data Science Project Management Technology Product Management Management Leadership Degree Healthcare Artificial Intelligence PGDM Data Science CXO MBA Others Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More The MCX July gold futures were trading at Rs 98,420 around 11:15 am, up by Rs 400 or 0.4%. Prices on the COMEX hovered around $3,368.10 per troy ounce, gaining $9.80 or 0.3% at the same time. "Gold continues to benefit from renewed global trade tensions as the US has extended its tariff pressure on key trade partners including Brazil, the EU, Canada, and Mexico, increasing market risk sentiment," said Jateen Trivedi, Vice President, Commodity Research at LKP Securities. "Even without aggressive Fed dovishness, gold remains supported due to macro volatility ," he added. Among domestic factors, the rupee outlook will remain key. "The Indian rupee is trading with volatility due to uncertainty in India-US trade negotiations. Tariff policy ambiguity adds pressure, keeping MCX gold marginally elevated over COMEX levels," Trivedi said. Live Events LKP Securities' gold trading strategy is based on these 5 technical factors: 1. Key Support & Resistance Gold continues to consolidate with a slight bullish bias, holding above the Rs 97,500 mark. A narrow trading range between Rs 97,300 and Rs 98,200 signals low volatility ahead of a possible breakout . Support Levels Immediate support: Rs 97,300 Trendline & EMA support: Rs 96,500 Strong positional base: Rs 95,100 Resistance Levels Short-term resistance: Rs 98,200 Breakout point: Rs 98,700 Medium-term target: Rs 99,500 – Rs 100,000 Price has formed a short-term base, and bulls need a close above Rs 98,700 to resume upward momentum. 2. RSI (14) at 54.70 RSI has edged above the 50 mark, reflecting a recovery in momentum. While not strongly overbought, it supports a gradual accumulation strategy. Sustained RSI above 55 would confirm bullish strength. 3. Bollinger Bands in Tight Range The Bollinger Bands are narrowing, suggesting a volatility compression phase. Price is moving near the mid-to-upper band, and any close above Rs 98,200 could trigger a directional breakout, potentially testing Rs 99,500. 4. Moving Averages: EMA 8 & EMA 21 EMA 8 (Red): Rs 97,900 EMA 21 (Yellow): Rs 97,850 Price is attempting to close consistently above both short-term EMAs, reflecting a slow shift in momentum. These levels now serve as strong intraday support, reinforcing a buy-on-dips strategy as long as Rs 96,500 remains intact. 5. MACD: Neutral to Bullish Bias MACD remains in neutral territory, but the histogram has flattened and may soon turn positive if the price sustains above Rs 98,000. A crossover above the signal line would confirm fresh bullish momentum. Gold Trading Strategy Buy on dips in the Rs 97,700 – Rs 97,900 zone Entry Zone: Rs 97,700 – Rs 97,900 Stop Loss: Rs 96,300 on a closing basis Targets: Rs 98,700 / Rs 99,500 / Rs 100,000 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
