COST Financial News

Rekha Jhunjhunwala portfolio: Those retail investors who follow Rekha Jhunjhunwala's portfolio, there is a piece of stock market news. The ace Indian stock market investor has booked partial profit in one of its portfolio stocks Canara Bank. As per the shareholding pattern of Canara Bank for the January to March 2024 quarter, Rekha Jhunjhunwala has offloaded her stake in the PSU bank from 2.07 percent to 1.45 percent.

₹50 for each, with a face value of ₹10. Three thousand shares are included in each IPO lot. Five times the face value is the issue price.

Nifty also shed nearly 1% with foreign investors believed to have offloaded stakes in bluechips as those investing from Mauritius may now face greater scrutiny. Smallcaps and midcap indices were largely unaffected in today’s sell-off. Within the Nifty family of 50 stocks, Sun Pharma fell around 4% while Maruti Suzuki, Titan, Cipla, JSW Steel, Power Grid and ONGC were trading around 2% lower. Pharma stocks with the biggest loser with Nifty Pharma retreating by around 1.5%. All sectoral indices were trading in the red.

Tesla gets ready to import German-made EVs to India Stellantis, which was formed after the merger of Italian-American conglomerate Fiat Chrysler Automobiles and French PSA Group, currently sells its Jeep and Citroen brands in India. "It is also important for us as a player in the Indian automotive space to be competitive. We want to leverage India as a 'best cost country', which is what we call 'India for the world," Stellantis India CEO & MD Aditya Jairaj said.

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As the rapidly evolving financial landscape pushes financial advisors toward a balanced of active and passive funds, asset managers have to rationalize their shelves accordingly to stay relevant. according to Cerulli’s latest research on asset and wealth management in the Americas.

The anemic start to the year for sales of nontraded real estate investment trusts is yet another indication of the tough market for commercial real estate investors, which is leading some market participants to expect a reduction in the value of some REITs, particularly the popular net asset value or NAV products.

New York City officials have approved a plan to build a 25,000-seat stadium for Major League Soccer’s New York City Football Club next to the New York Mets’ stadium, Citi Field

Poison and Scarlet Rot in Elden Ring can be challenging, but finding the Flame, Cleanse Me incantation can make your journey easier. This guide will show you where to locate this essential spell and how to use it effectively, according to a Dexerto report.

Americans filling their tanks up at a gas station in Alexandria, Virginia, reacted to gas prices rising over 50% since January 2021, when President Biden took office.

If rates remain high, or climb even higher, should advisors pull the plug on PE? When both legs of the 60/40 portfolio – stocks and bonds, that is – wobbled back in 2022, advisors found refuge in private equity products, whose liquidity is typically more like syrup dripping from a jar than water cascading off a cliff.

Despite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat versus last week.

British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.

Varun Berry, executive vice-chairman and managing director of Britannia Industries, India's largest biscuits maker. «We are closely monitoring input costs and competitive pricing activities to take appropriate actions,» said Berry in an interview. On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India's villages contribute nearly 40% of annual FMCG sales. «A normal monsoon will be a blessing for the rural economy, which has been trailing urban growth for over a year,» Berry said. He cautioned that rainfall variability across regions could impact crop output. Britannia's overall portfolio is urban-centric and 1.3 times that of its rural-focused products. In addition to Good Day, Jim Jam and NutriChoice biscuits, the Nusli Wadia-promoted company also makes cheese, croissants, cakes and breads.

The fully audited CasinoFi platform Insanity Bets is turning casino gamers into the house by offering multiple avenues to earn a passive income on the platform.

According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin. In a country that is a CEO factory for the world, an expat CEO remains an exotic species. India Inc has largely been homogeneous in its C-suite appointments with a clear preference for home-bred desi CEOs. This is due to a variety of reasons such as cost, culture fit, understanding of the market complexities & regulatory systems.

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Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month

Shop for a home now or hold out for possibly lower mortgage rates

The European Central Bank has opened the door for an interest rate cut as early as its June meeting