CAYMAN S
Largest batch of 595 students at IIM Bangalore receive 650+ offers; management consulting accounts for 41%
IIM Bangalore has successfully concluded placements for its largest batch of 595 students, securing roles across 176 firms. Top sectors include management consulting, technology/product management, and investment banking, with significant participation from companies like Accenture Strategy, Boston Consulting Group, and McKinsey & Company.
FDIs in India drop 5.6% to $10.9 bn in Oct-Dec
Foreign direct investment in India fell by 5.6% to USD 10.9 billion in the October-December 2024 quarter due to global uncertainties. Despite this, cumulative FDI inflows for April-December 2024 increased by 27% to USD 40.67 billion. Major contributors included Singapore, the US, and the Netherlands, with notable investments in services and non-conventional energy sectors.
Tests & turns of the game: Cricket in endless struggle to balance global ambitions, dominant boards and inclusion of emerging teams
Cricket has continually evolved with different formats impacting each other and powerful boards shaping the game. The rise of Afghanistan as a strong cricketing nation is remarkable despite limited resources. The future growth of cricket depends on investing in emerging nations to maintain its global inclusiveness.
Hold Narayana Hrudayalaya, target price Rs 1,460: Choice Equity Broking
Choice Equity Broking recommends holding Narayana Hrudayalaya shares with a target price of Rs 1,460, downplaying near-term revenue growth due to no bed expansion in India until FY28. The new Cayman Bay facility may enhance margins. Current market price is Rs 1,407.6. Total income and net profit show a mixed trend for the latest quarter.
Pankaj Pandey hopeful about cement, steel; betting on 4 auto stocks
Pankaj Pandey addresses ongoing market volatility and the need for tariff clarity. He highlights cement and steel sectors as attractive investments due to current market conditions. Pandey also sees potential in banking, auto, healthcare, and capex sectors, emphasizing specific companies like Kotak Mahindra, Eicher, and M&M for their strong performance and growth potential.
Massive 7.6 magnitude earthquake rattles Caribbean, tsunami advisory issued
Earthquake Today: A 7.6-magnitude earthquake struck southwest of Georgetown, Cayman Islands, at 6:23 p.m. Eastern Time on Saturday, according to the US Geological Survey (USGS). The US National Tsunami Warning Center (NTWC) issued a tsunami advisory for Puerto Rico and the Virgin Islands, warning of potential sea-level fluctuations and strong ocean currents.
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Budget 2025: Govt proposes to revamp model bilateral investment treaty to make it investor-friendly
Finance Minister Nirmala Sitharaman announced the revamping of the model Bilateral Investment Treaty (BIT) to be more investor-friendly in her eighth consecutive Budget speech. She also introduced Jan Vishwas Bill 2.0 to decriminalize over 100 offenses and improve ease of doing business, alongside other regulatory updates and simplified procedures for company mergers.
India must pull out all the stops to attract FDI: Survey
India must enhance tax certainty and stability to attract more FDI, as emphasized by the Economic Survey. Despite global market volatility, India's favorable long-term outlook, robust economic fundamentals, and structural reforms make it a key destination for foreign investments. Recent data highlights the importance of addressing investment needs.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 26%
When bears go on a rampage, they don’t discriminate. So, on Monday, no matter what sector, what market cap, everything was in the red. But such days have to be seen in context. What happened was caused by a combination of two things: One was a discounting of what was supposed to happen in the US market as it opened for trade on Monday. That, in turn, had to do with the impact of the Chinese “DeepSeek” coming from nowhere and hitting the whole AI trade that was powering the outperformance of select US stocks. Now, a question: Is this decline an opportunity to buy blue chips cheaper than they were six months ago? The answer is yes. So, don’t bother about DeepSeek. Just look at the best stocks as the market dips, and invest with a long-term perspective. Just remember: DeepSeek is not going to make the government change its spending programme on infrastructure or impact the fiscal deficit. Ultimately, that is what matters.
Sharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep
For Cayman Islands, Kumar said that in October this year, the region was removed from the grey list by FATF (Financial Action Task Force) and this may result into positive FDI flow from Cayman Islands in coming times. FDI into India declined 24 per cent to USD 20.48 billion in April-September 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma.
SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore
As per the block deal data available on the National Stock Exchange (NSE), SVF India Holdings (Cayman) sold 30,97,576 shares and SVF Python II (Cayman) disposed of 83,23,635 shares, amounting to a 0.7% and 1.8% stake in PB Fintech, respectively.
Gigi Hadid arrested for possession of cannabis in the Cayman Islands; Here’s exactly what happened
Gigi Hadid was reportedly arrested along with a friend for possession of marijuana, and later granted bail. The incident took place in the Cayman Islands.
Weedgate: Supermodel Gigi Hadid arrested for marijuana possession in Cayman Islands, fined $1000
Gigi Hadid was recently arrested in the Cayman Islands along with her friend, Leah Nicole McCarthy, for carrying marijuana and related paraphernalia. However, authorities found small quantities of the substance suggesting it was for personal use.
Gigi Hadid arrested for drug possession in Cayman Island; Released on bail after paying $1,000 fine
Supermodel Gigi Hadid has been released after being arrested for possessing marijuana in Cayman Islands while on a trip with her friends. The supermodel was embarking on an all-girls' trip to the Cayman Islands on July 10 when she was arrested from the Owen Roberts International Airport, reports eonline.com.
‘Broke’ Armie Hammer found selling timeshares at a Cayman Islands hotel. Find out the truth
According to some widely circulated photos on social media recently, Armie Hammer, the disgraced Hollywood actor, can be seen selling timeshares at a Cayman Islands hotel.
Narayana Hrudayalaya arm plans new facility in Cayman Islands; shares rise
Health City Cayman Islands (HCCI), the step-down subsidiary of the company running an existing hospital in the Cayman Islands, is expanding to a new location in the Camana Bay Development area of Grand Cayman, Narayana Hrudayalaya said.
Aster DM Healthcare to invest around $100 million to set up hospital in Cayman Islands
The company has signed an agreement with the Government of Cayman Islands to set up a clinical excellence hub there to serve the Caribbean Region, North America, Canada, Latin and South America, Aster DM Healthcare said in a statement.
Cayman Islands top choice for FPIs to invest in India
A key reason for this popularity is Sebi’s liberalised rules for FPIs that allowed structures like Segregated Portfolio Companies or SPCs. Under Cayman laws, SPC is an exempted structure that can have separate portfolios and can be operated independently.
Porsche brings 718 Spyder, 718 Cayman GT4 models to India starting at Rs 1.59 cr
Both models will have a limited allocation for the Indian market.
FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20
Cayman Islands has emerged as the fifth largest investor in India, with foreign direct investment from the nation increasing over three-fold to USD 3.7 billion in 2019-20, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
Cayman 1st on fin secrecy index
Switzerland no longer retains the top position in the newly released financial secrecy index (FSI-2020) — a slot occupied by it since 2011. Cayman Islands is ranked first, moving up two slots from the 2018 ranking.
Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global Fund
A Garnishee Order Absolute prevents the garnishee from making repayment of the debt owed to the judgement debtor.
Congress alleges Ajit Doval's son started Cayman Islands hedge fund days after demonetisation
Jairam Ramesh alleged that a hedge fund GNY Asia was opened in Cayman Islands on November 21, 2016, 13 days after demonetisation, with Vivek Doval as one of its directors.
Have Rs 81 lakh to spare? Buy these beasts now
The German luxury sports car maker just launched two of its mid-engine models -- the 718 Cayman and 718
Porsche launches 718 Boxster in India at Rs 85.53 lakh
The German luxury sports car maker also unveiled the 718 Cayman in the country.
There's yet another new Porsche - and it's awesome, just like all the rest
There are now 21 different versions of the Porsche 911. Last week, the company added a fourth version to its Cayman sportscar lineup.
India among top recipients of remittances from Cayman Islands
The data has been collected by Cayman Islands Monetary Authority (CIMA) from about half a dozen licenced Money Service Providers (MSPs).
Devi Shetty opens low-cost healthcare venture in Cayman Islands outside US regulatory reach
Health City Cayman Islands will start receiving patients this week as the first leg of Shetty’s Caribbean venture becomes operational.
India, Cayman Islands tax info exchange pact operational
The tax information exchange agreement between India and Cayman Islands has been implemented, the Income Tax Department said.
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