Cycling Financial News

NFOs), many of which are sectoral and thematic in nature, and are now open for subscription as they look to capitalise on investor interest and garner more assets. Wealth managers, however, say that thematic offerings need constant monitoring and should be timed well, and investors should first build a core portfolio and subsequently allocate to themes, restricting allocation to 20% in equity portfolios. Among the thematic NFOs available in February are SBI Energy Opportunities fund, Quant PSU Fund, Kotak/Edelweiss Technology Fund, BNP Paribas Innovation Fund, Union Business Cycle Fund and Canara Robeco Manufacturing Fund. Distributors point out that as per regulatory guidelines, a fund house can have only one scheme in each category, prompting them to look for thematic funds where there are no such restrictions. Large fund houses are now eyeing thematic launches, having exhausted their diversified equity mutual fund category. «We believe investors can opt for thematic funds that have a differentiated strategy and have something unique to offer. Given government's thrust on solar/renewable energy and improving efficiency in the public sector, we believe such themes can work well,» says Viral Bhatt, founder, Money Mantra. Bhatt recommends SBI Energy Opportunities Fund and Quant PSU Fund.

Good morning,

inflation prints due this week. The benchmark 10-year yield ended at 7.0946%following its previous close of 7.1067%.

Economists are starting to think the Federal Reserve is keeping money a little too tight.

India Inc has come in full support of the idea of 'One Nation One Election' as it would synchronize electoral cycles at the central and state levels, thus enhancing governance efficiency and fostering economic development. Representatives from industry bodies FICCI and CII recently met a high-level committee on One Nation One Election chaired by former President Ram Nath Kovind and briefed the panel on its benefits.

Godrej Properties' sale bookings are likely to rise 50 per cent annually to over Rs 18,000 crore this fiscal year, beating the annual guidance on strong demand for its residential projects. In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company is hopeful of selling properties of more than Rs 5,000 crore during January-March period of this fiscal year, repeating the performance of the previous two quarters. The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal. «We have crossed last year bookings number already in the first nine months of this fiscal and expect to go well past our full-year guidance. Overall we are happy with what is going from an operational perspective and hoping for a strong end to this fiscal year,» said Pirojsha.

Chinese New Year. The day begins with the first new moon of the Lunar calendar and ends 15 days later when the first full moon of the year appears.

2024 Duster offers three engine choices catering to diverse preferences. Reportedly, the first variant boasts a 1.6-litre petrol engine coupled with two electric motors and an automatic gearbox, delivering a robust power output of 140 bhp and a torque of 148 Nm. Renault claims an impressive fuel efficiency figure of 24.5 kmpl, with a 1.2 kWh battery pack that supports brake regeneration and ensures the engine always starts on electric power.

Narendra Modi said on Friday, asserting that the «curse of incremental thinking» had for long hampered India's progress till his government changed this mindset in the bureaucracy and the administration. He justified the White Paper on the decade-long Congress-led UPA government, saying if he had preferred political expediency over national interest, he could have brought this out much earlier but that would have created panic. Speaking at the ET Now Global Business Summit on Friday, Modi said he has been in the process of preparing the roadmap for his third term for the last 18 months and has taken feedback from over 1.5 million people till now. General elections are due to be held in April-May. «New Bharat will work at superspeed — this is Modi's guarantee,» he said.

Lunar calendar and ends 15 days later when the first full moon of the year appears. The Lunar calendar is based on the cycles of the moon, hence, the dates of the holiday or its celebration vary every year. This year, the Chinese New Year is being celebrated on February 10.

The bubble in ‘no holds barred’ monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade

Bitcoin prices have surged recently, breaking free from the crypto's sluggish start to February.

₹2,888 crore for FY23—three times that is ₹8,664 crore ($1.04 billion). The company has “a range of options" to achieve debt reduction, he said, though it was “unlikely" it would sell equity stake in any of its units. “We have the potential to generate cash from our business operations, and we’ve also explored licensing opportunities in the past, which could contribute additional income.

The Bank of Canada is expecting the housing market will “rebound” this year amid expectations for interest rate cuts sometime in 2024.

Home to 171 nationalities, the historic city of Leuven in Belgium has become one of Europe’s most climate-conscious destinations.