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rupee is within a whisker of a record low, but it’s still a favored emerging-market currency with some investors. A reserves stockpile of $600 billion, more than $16 billion worth of foreign inflows for stocks this year and economic growth forecast at 6.5% are among the reasons behind the optimism for Neuberger Berman Singapore and Columbia Threadneedle Investments. “The reserve number is very comfortable right now,” said Prashant Singh, senior portfolio manager for emerging-markets debt at Neuberger Berman Singapore, who favors the rupee.

Finolex Industries, ITD Cementation India, among others. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

Oil prices were steady on Monday with Brent staying above $80 a barrel, as investors balanced tightening supply driven by OPEC+ cuts with nagging concerns about global demand growth amid high interest rates. Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents.

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent. Closely followed by the markets, the two rates are now at historic lows, after previous reductions in June.

equity funds carry higher risks, debt funds can provide stable income, making them suitable for elderly investors seeking steady returns. “However, it's essential to choose funds with lower volatility and a history of consistent performance," said Amit Gupta, MD, SAG Infotech. FDs are known for their security, making them an attractive option for senior citizens.

Also read: Cadbury maker to invest ₹1,600 crore to expand Andhra plant In the past three days, the Registration and Stamps Department conducted raids on 37 Margadarsi branches across the state, resulting in the filing of FIRs in Anakapalli, Chirala, and Rajamahendravaram. The cases against Margadarsi include various Indian Penal Code sections, such as 409 (Criminal breach of trust by a public servant), 420 (Cheating and dishonestly inducing delivery of property), 468 (Forgery for the purpose of cheating), 471 (Using a forged document as genuine), 477–A (Falsification of accounts), 120B (Criminal conspiracy), 467 (Forgery of valuable security, will, etc.), in conjunction with Section 34, and Section 5 of the Andhra Pradesh Protection of Depositors of Financial Establishments Act.

The Australian Financial Review has recorded a solid recovery in print readership following the interruption of the COVID-19 pandemic, according to industry audience numbers released by Roy Morgan.

Premier Investments chief executive Richard Murray has quit as the retail group controlled by Solomon Lew evaluates a possible demerger of some of its businesses, including brands Peter Alexander and Smiggle.

Reliance Industries (RIL), shares of the recently-demerged company Jio Financial Services or JFSL will list on stock exchanges at 10 am today. On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days.

Murugappa family, owners of the ₹74,000 crore industrial group with companies including Tube Investments of India and Carborundum Universal, said its members have agreed to «amicably» settle disputes and differences within its promoter group and would «undertake the necessary transactions to effect the family arrangement within the next 90 days,» in a joint statement on Sunday. The communique, which did not reveal the terms of the agreement, said this will also bring to a close legal challenges including that mounted by family scion Valli Arunachalam following the death of her father and group patriarch MV Murugappan in 2017.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 28 MARCH 2005CATEGORY EQUITYTYPE MULTI CAPAUM* Rs.18,974 croreBENCHMARK NIFTY 500 MULTICAP 50:25:25 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.201.40IDCW** Rs.50.59MINIMUM INVESTMENT Rs.100MINIMUM SIP AMOUNT Rs.1,000EXPENSE RATIO# (%) 1.72EXIT LOAD For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.#AS ON 30 JUNE 2023 *AS ON 31 JULY 2023 **AS ON 14 AUGUST 2023FUND MANAGER ASHUTOSH BHARGAVA/ SAILESH RAJ BHAN (in pic) 1 YEAR, 10 MONTHS /18 YEARS, 4 MONTHSRecent portfolio changes New entrantsFSN E-Commerce Ventures, NTPC, Shriram Finance, Timken India (June).

large-cap equity diversified funds in India. For a long time, this was the go-to category of funds to serve as the core holding of any mutual fund portfolio. Many of the funds had long track records and the companies they invested in were also well understood.

THORChain (RUNE) stands apart with its distinctive cross-chain liquidity system, and in the current week, it has captured considerable attention for a compelling reason. 

Mazagon Dock Shipbuilders Ltd, part of the shipbuilding and allied services industry, has rallied more than 160% in just 3 months and the chart patterns suggest that the rally may not be over yet.The stock rose from Rs 716 as on April 18, 2023, to Rs 1872 recorded on August 18, 2023, which translates into an upside of 161%.Short-term traders can look to buy the stock on dips for a possible target above 2000 levels in the next 2-3 weeks, suggest

Australia’s green bank is poised for its first investments in the power grid as it gears up for another busy year after a record 12 months of investment commitments in 2022-23.

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By Joseph Ax

Julio Rodriguez, the standout baseball outfielder for the Seattle Mariners, achieved an extraordinary feat on Saturday night by securing his fourth consecutive four-hit game, a remarkable occurrence in the world of baseball. Over the course of his last four games, Rodriguez has accumulated an astounding 17 hits, etching his name into the annals of history. This accomplishment is particularly striking considering that Rodriguez is only in his second season in Major League Baseball (MLB).

Wall Street's main indices ended mostly lower on Friday, capping off a losing week as the stock market's August struggles continue amid worries that the Federal Reserve will keep interest rates higher for longer.

Jailer' stayed on to earn more than ₹500 crore globally, Sunny Deol's 'Gadar 2' approached ₹400 crore globally, and 'OMG 2,' starring Akshay Kumar and Pankaj Tripathi, crossed the ₹100-crore mark. As reported by Sacnilk, an Indian movie box-office tracking website, 'Gadar 2' recorded a global box-office collection of ₹433.7 crore by August 19. Within this, the Indian gross box-office figures reached ₹396.7 crore, complemented by overseas collections amounting to ₹37 crore.

By Alasdair Pal