Record News

Hedge fund Segantii Capital Management is winding down. Bloomberg reported last month that it's already returned a third of its assets under management to investors and that it plans to return the rest by October. Staff are being let go. Some are already turning up elsewhere. 

India is likely to see above-average rainfall in July, the Indian Meteorological Department said on Monday. The monsoon will cover entire country ahead of normal schedule, IMD said. There is 80 per cent probability of normal to above-normal rainfall in July. Delhi is expected to get heavy to extremely heavy rainfall in the ongoing month, as per the Indian weather office. A favourable monsoon forecast spells would bring bucketloads of relief for India, many parts of which reeled from extreme heat even in June. This was the warmest June in Northwest India since 1901.

multi-agency search operation is currently in progress to locate two women constables who have been missing from the BSF Academy in Tekanpur, Gwalior, for over a month. The missing constables, Akanksha Nikhar from Jabalpur and Shahana Khatoon from Murshidabad, West Bengal, were trainers at the academy since 2021. As per a TOI report, they disappeared on June 6, 2024. Authorities have alerted BSF units along international borders about their disappearance. The investigation has taken an unexpected turn following the discovery of “suspicious activity” on the constables’ phones. Tracing the phone records revealed that their devices were active in Delhi, Howrah, and Behrampore in West Bengal, near Murshidabad. Investigators are analyzing phone records and CCTV footage from these locations to understand the constables' travel patterns and investigate any potential connections to Shahana’s family in West Bengal. The last confirmed sighting of the constables was at Beacon Hospital in Behrampore on June 7, as verified by CCTV footage. Both their phones have been switched off since their departure from the hospital.

Star Health firm on profitability path amid rising competition In the two years to FY24, Niva Bupa clocked a CAGR of 47% in NEP compared to 15% for Star Health. Its claims ratio (indicating NEP spent on paying claims) stood at 59% in FY24 against 66% for Star Health. In fact, Niva Bupa’s claims ratio was the lowest in the industry.

Dabur India and Marico climbed 4% and 6.5% to their respective day’s highs of Rs 633 and Rs 655 on BSE after the companies posted their Q1FY25 updates. Here are the company-wise Q1 updates:

streaming, watching the movie you missed out on, due to overpriced tickets or lack of work-life balance on your computer is no longer a fantasy! From the magnificent ‘Kalki 2898 AD’ to the spine-chilling ‘Aadujeevitham’, many exciting movies will be available for streaming soon on major OTT platforms so watch this space!

BlackRock Inc.’s recent spate of deals — including this week’s acquisition of Preqin for $3.2 billion — is prompting concerns at Moody’s Corp. about the money manager’s debt burden.

record 31.8% of Japanese stocks as of end-March, an industry survey showed on Tuesday, as a joint push by the Tokyo Stock Exchange and government for better corporate governance boosted the market's allure. The proportion rose from 30.1% a year earlier, and was the most since the Japan Exchange Group, which runs the Tokyo bourse, began conducting the survey in 1970.

The benchmark NSE Nifty 50 fell 0.45% to 24,324 points, while the S&P BSE Sensex settled 0.53% lower at 79,924. Both the indices opened at record highs before reversing course.

HSBC FLEXI CAP BASIC FACTS DATE OF LAUNCH 24 FEBRUARY 2004

Sensex has reached a new high. Should you consider waiting for a correction? Well, as veteran investor Peter Lynch famously put it: “Far more money has been lost by investors preparing for corrections, than has been lost in corrections themselves.” Looking back, previous milestones such as 50,000 and 75,000 appear as buying opportunities. Investors would have earned double-digit returns even if they purchased at earlier 'record high' levels.

U.S. stocks rose again, continuing Wall Street’s record-setting run

PM Modi in Lok Sabha Live Updates: Prime Minister Narendra Modi is expected to speak in the Lok Sabha during the Motion of Thanks to the President's Address on July 2, Tuesday. The Prime Minister's speech comes a day after Congress leader Rahul Gandhi's maiden speech as Leader of Opposition in the lower House of Parliament launching a scathing attack on Bharatiya Janata Party (BJP).Rahul Gandhi's remarks on Monday triggered an uproar in the Lok Sabha with top BJP leaders, including PM Modi and Home Minister Amit Shah accusing the Raebareli MP of insulting Hindus.

U.K. Prime Minister Rishi Sunak has dismissed suggestions that his party is heading to defeat in Thursday’s general election

The US ETFs market saw significant inflows in the first half of 2024, with June alone seeing $81 billion in new investments, according to a new report by National Bank of Canada.

State Bank of India (SBI) has informed that it has appointed KFin Technologies Limited as the Registrar & Share Transfer Agent (RTA) of the Bank in place of existing RTA Alankit Assignments. SBI published an advertisement in the Times of India newspaper on July 8, 2024, regarding the same. Get up to 8.5% FD rate: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB; Latest fixed deposit interest rates in July 2024

record number of around 28 Indian-origin members of Parliament have been elected to the House of Commons in the UK's general election as results were announced on Friday, with several Conservatives surviving an overall brutal outcome for their party. Outgoing prime minister Rishi Sunak leads the Tory charge of British Indians holding on to their seats, with a decisive win in his Richmond and Northallerton constituency in Yorkshire. It would have come as small consolation for the Tory leader, who saw his party haemorrhage over 200 seats as the Labour Party's landslide victory unfolded. «On this difficult night, I would like to express my gratitude to the people of the Richmond and Northallerton constituency for your continued support. Since I moved here a decade ago, you have made me and my family feel so at home and I look forward to serving you for years to come,» said Sunak, in a message clearly aimed at dismissing pre-election chatter around his future plans as a politician. Other prominent British Indian Tories holding on to their seats included former home secretaries, Suella Braverman and Priti Patel, as did Sunak's Goan-origin Cabinet ally Claire Coutinho.

Delhi High Court on Monday reserved the order on a plea by Arvind Kejriwal's close aide Bibhav Kumar seeking direction to declare his arrest by Delhi Police as illegal. The bench of Justice Neena Bansal Krishna after hearing both sides at length decided to reserve the order. Appearing for Bibhav, Senior Advocate N Hariharan submitted that the FIR was registered after a delay of three days.

The new criminal laws replace the Indian Penal Code of 1860, the 1973 Code of Criminal Procedure and the Indian Evidence Act of 1872, and came into effect last week. Here are the key new provisions:

Fresh home sales data has finally answered the question for real estate watchers: The Bank of Canada’s initial interest rate cut in June did not open the floodgates to buyers, many of whom remain sidelined through an unseasonably slow spring housing market.

In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to Rs 75 crore in any of the past three years to maintain and audit cost records. Currently, these turnover limits are fixed at Rs 25 crore for companies in six regulated sectors and at Rs 35 crore for those in 33 unregulated sectors for mandatory cost audits. Moreover, all these companies with a turnover of `35 crore or more are currently required to maintain cost accounts.