Country Financial News

Shamaila Khan at UBS Asset Management has deployed a somewhat counterintuitive strategy for bond investments. The head of fixed income for emerging markets is breaking with the likes of Goldman Sachs Group Inc. and is steering clear of investor favorite Indian government debt, while embracing volatile Chinese high-yield bonds, which have suffered from a prolonged property crisis.

Bikaji Foods International as its top pick of the month for June. The brokerage believes it is a good pick for medium-risk investors expecting high returns. It also advised investors to have less than 30 percent weightage in this sector.The brokerage pointed out that Bikaji Foods has been a pioneer in India's ethnic snacks industry, holding a 9.6 percent market share as of September 2023.

gold in the last one week has been 2.04% .whereas in the last month it has been 1.98%.The cost of silver is Rs.88110.0 per kg down by Rs.260.0 per kg.Gold Price in Delhi is ₹73444.0/10 grams. Yesterday’s Gold Price on 13-06-2024 was ₹72802.0/10 grams. and last week’s gold price on 08-06-2024 was ₹74286.0/10 grams.Silver Price in Delhi is ₹88110.0/Kg.

Mint on the sidelines of the annual advertising conference, GoaFest, held recently. FCB Group India, owned by Interpublic Group of Companies (IPG), handles major FMCG and automotive companies. Sinha noted that the company is experiencing substantial growth in India, transitioning from regional businesses to larger national agencies.

«So, what we have highlighted in the report is what a lot of people have said the right stuff that Charlie espoused and probably one of the most important learnings, I will put two major learnings, at least which are my major takeaways from the whole exercise,» says Sahil Kapoor, DSP Mutual Fund. I want to understand that this time your Netra report usually is a mix of stuff which is where we can derive about market investing, but centres around data points, mostly macro and of that nature. But this time around you have devoted the note to Mr Munger. So, what exactly is the biggest learning from the life of Mr Munger which we can implement in day-to-day investing? Every anniversary edition, we try and zoom out and look back and look at what are the timeless principles that we can learn and reinforce. And of course, in the month of June, there was already so much noise, a lot of people talking about elections and other outcomes. So, we thought this is the right time to think about long-term investing principles. With Charlie Munger, I think one of the investing greats, not only he has given a lot of investing wisdom, also a number of ideas from Charlie is all about living correctly.

«The services export boom of India is the most unheralded story of India in the last five years and it is talked about very little and that has not just come through these IT companies, it has come out of the GCCs which are there and I think without Indian GCCs, which are the global competence centres of the multinationals operating in the world, I think all the top 500 companies of the world are today dependent on Indian global competence centres for them to run,» says S Naren, ED & CIO, ICICI Prudential AMC. The market always gives you pockets of excitement, pockets of despair. And I can see some pockets of despair. One is IT. To some extent, you could say underperformance in private banks. Are these two sectors getting ready now to start outperforming, whether it is largecap IT or largecap private banks? Certainly, I would say private banks is an area which appears to be at fair value. So, if you look at the funds that I run directly, like Value Discovery, for example, I have never had a situation in Value Discovery where private banks are such a big part of my portfolio.

Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year. Brent crude futures were down 72 cents, or 0.87%, to $82.04 a barrel at 0100 GMT. West Texas Intermediate (WTI) U.S. crude futures lost 79 cents, or 1%, to trade at $77.84 a barrel, reversing small gains in the previous session.

Mint explains their working, the impact on airlines and passengers. Bilateral rights are granted under air service agreements between two countries. They are a set of commercial aviation rights granting an airline the right to enter another country’s airspace.

Worldcoin says it will make Argentina its “regional operations center,” and will expand its presence in the country and the wider LATAM region.

Offsites may never be the same again. Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.

Inflation in the US is reducing steadily though not substantially. This has raised questions about the worthiness of gold as an investment option. Many analysts have responded positively when asked about the option of investing in gold in the current scenario and the tendency for it to appreciate and yield high returns. Apart from the various economic reasons, many upcoming policy related decisions and current geopolitical risks support investments into this metal. Generally, gold is considered to be a safe investment option and many countries also hold on to the reserves, as part of a larger macro-economic framework. Inflation Cooling:

USSR. The situation is somewhat similar in 2024 in the real world. Four Russian ships including a Russian submarine have reached Cuba on Wednesday and are located just 200 miles off the coast of Florida. Does this pose a threat to the security of the US and what are these joint naval exercises that are being conducted?

access to some patented medicines, the government has allowed global tenders to be floated for procurement of 120 drugs, including anti-diabetic medication Semaglutide, after the health ministry raised concerns over lack of domestic options. The decision was notified by the finance ministry last week, people in the know told ET. With this, it will become easier for people in India to procure medicines which are either not available in the country because they are patented, or are not being produced here due to technological barriers. «This will open doors to various such products and will benefit the Indian patient,» said an industry insider.

National Highways Authority of India (NHAI) has scrapped the requirement for developing wayside amenities along new highways and expressways by road contractors and concessionaires. Instead, NHAI will seek separate bids from companies for developing such amenities. The step is aimed at attracting global expertise for creating wayside amenities (WSAs) in the country with a stronger focus on design and product innovations to boost return on investment while scaling up the experience of highway users. Under the existing provision, a highway contractor or concessionaire is responsible for developing WSAs, placing an additional responsibility on contractors to build, run and maintain such facilities.

search operations continued on Thursday at many locations around the Jammu division. During the investigation, more than 50 persons were taken into custody. According to J&K police commissioner RR Swain, the forces are mapping their resources to give befitting response to foreign militants operating in the region. Since June 9 evening, the Jammu division has experienced four militancy-related events in three districts: Reasi, Kathua, and Doda, killing nine civilians and one CRPF personnel and injuring 34 civilians. «War has been foisted on us, and we are mapping our resources to respond appropriately to this challenge, which we had ovecome previously. Swain told reporters in Jammu, „We may have to bear some minor losses.“ He went on to say that the foreign militants have no family or stake in the country, making them look capable of causing more harm.

A group of Ukrainian winemakers has visited California’s Napa Valley to learn about organic farming and how to heal land scarred by bombs and littered with mines

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine

A watchdog report says a Minnesota state agency’s inadequate oversight of a federal program that was meant to provide food to kids created the opportunities that led to the theft of $250 million in one of the country’s largest pandemic aid fraud cases

For summer trips overseas, a smartphone is essential for most people

South African lawmakers are expected to elect the country’s president on Friday after being sworn in at the first sitting of Parliament

States are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships