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Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits. The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.

Giriraj Singh on Friday took a dig at Samajwadi Party chief Akhilesh Yadav for his silence on the Bahraich incident, suggesting that the SP leader refrained from commenting on the matter to protect Muslim votes and claiming that his stance reflected his «anti-Hindu» DNA. Giriraj Singh claimed that Akhilesh Yadav's DNA is (Hindu Virodhi) «anti-Hindu» since his late father and former UP Chief Minister Mulayam Singh Yadav had also ordered police firing at Karsevaks in 1990. «Akhilesh Yadav did not utter a single word on Bahraich incident, just for the sake of votes. His DNA is anti-Hindu. His father Mulayam Singh Yadav also ordered firing at Karsevaks,» said Giriraj Singh.

NCLAT) has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors' dues were settled by Max Healthcare. The appellate tribunal's direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of Rs 1,035.29 crore as part of the settlement and no claim had survived. «In view of the fact that the entire claim has now been satisfied and the amount deposited has been disbursed, we see no reason to continue the CIRP any further,» said the NCLAT order passed on Thursday. CIRP against JHL was initiated by the Allahabad bench of the National Company Law Tribunal (NCLT) on June 14 this year, over a petition filed by its lead creditor JC Flowers Asset Reconstruction Ltd.

coastal belt, stretching from Mumbai to the southernmost district of Sindhudurg, was once a Congress citadel, but the party lost ground to the undivided Shiv Sena over the years. The coastal Konkan belt's economy was known to be dependent on money orders sent from Mumbai, where most of its residents migrated for work and business after Maharashtra achieved statehood in 1960. But the situation is no longer the same. The region accounts for 75 of the total 288 state assembly seats, including 36 in Mumbai, and is expected to play a key role in deciding which coalition — ruling Mahayuti or opposition Maha Vikas Aghadi (MVA) — governs Maharashtra after the November 20 polls. Former CM and BJP Lok Sabha MP from Ratnagiri-Sindhudurg Narayan Rane, who hails from the picturesque region, told PTI that Konkan has now become self-sufficient, thriving on exports of fish, mangoes and cashews.

India's concerns regarding Khalist extremism. He also pointed out a fundamental problem that the Canadian government assumed all Sikhs as Khalistanis and all Khalistanis as Sikhs. In an interview to ANI, George said, «The Khalistan movement does not pose a direct threat to the West, at least not often. So, hence which is why you see Western countries try and downplay or ignore India's pleas, no matter how legitimate India's concerns may be.»

cyber criminal, posing as a remote IT worker, infiltrated a Western company and hacked its network, according to a report by the BBC. The unnamed company, believed to be based in the UK, US, or Australia, allowed cybersecurity firm Secureworks to release details of the incident to warn about increasing infiltration by North Korean cyber criminals.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

Balanced advantage funds invest in a mix of stocks, debt, and arbitrage opportunities. These funds decide their equity exposure depending on key market ratios or in-house parameters. They invest less in stocks when the market is very high or valuations are stretched. They invest more in equity when stocks are available at attractive valuations. In short, BAFs do the job of juggling equity exposure for investors. Sure, these funds limit equity exposure based on valuations, but that doesn't make them totally safe. Don’t be under the illusion that balanced advantage funds are a safe investment. In fact, many mutual fund distributors make such claims. However, don’t be influenced by such talk. Any mutual fund scheme that invests in stocks can’t be considered as safe. It also cannot avoid volatility and losses totally. So, invest in balanced advantage funds only if you can tolerate the risk of investing in stocks. Also, invest only if you have an investment horizon of at least five years.

Baahubali 3’ is pretty much confirmed! If reports are to be believed, the third installment of the iconic fantasy series will be made. According to aTimes Of India report, ‘Baahubali 3’ has pretty much been confirmed. In a recent interview, Gnanavel Raja, the creator of the ‘Mahishmati Franchise’ spilled the beans. He said the movie is still in the planning stages, with recent discussions focused on developing new ideas. Unlike their previous back-to-back releases within two years, this time, the 'Baahubali' makers are allowing a longer break before working on the third installment. He elaborated that the filmmakers are deliberately pacing themselves to ensure that audiences have enough time to emotionally reconnect with the characters before diving into sequels. Raja also mentioned that the sequel to 'Kalki 2898 AD' will only come out after two other films are completed, and similarly, there will be a gap between 'Salaar 1' and 'Salaar 2'. He explained that this is a strategy proven effective in franchises like Suriya’s 'Singam' series, where spacing out sequels worked well.

Rajesh Cheruvu – MD and CIO, LGT Wealth India. In an interview with ETMarkets, Cheruvu said: “From a taxation standpoint, both physical and digital gold are treated similarly, with capital gains taxes applied if the asset is held for more than three years,” Edited excerpts:

Google said on Thursday it will move the team behind the Gemini app to its artificial intelligence research lab DeepMind as the search giant looks to streamline its structure and better position itself in the generative AI race. The shift «will improve feedback loops, enable fast deployment of our new models in the Gemini app,» CEO Sundar Pichai said in a blog post. Gemini is Google's most advanced AI technology, developed by DeepMind. The Gemini app is the direct consumer interface to the latest Gemini models.

Yahya Sinwar, the Palestinian militant leader who helped in plotting the deadliest assault on Israel in its history, released a drone footage where the leader was seen throwing a stick as what appeared to be his last restort while his right arm seemed to be severely wounded. As per the footage released by IDF International Spokesperson Lieutenant Colonel Nadav, the militant leader was seen alone in a ruined Gaza apartment with the walls blown out from shelling, sitting in a chair covered by dust, with his head and face obscured by a scarf.

finance companies, including Sachin Bansal-led Navi Finserv and Mitsubishi UFJ Financial Group-backed DMI Finance, from sanctioning and disbursing new loans as they were found to be charging excessive interest rates. This follows a warning by the RBI governor earlier this month over such practices. The other two companies are Manappuram Finance-promoted Asirvad Micro Finance Ltd and Kolkata-based MFI Arohan Financial Services Ltd. The RBI’s directive comes into effect from the close of business on October 21, the central bank said in a statement on Thursday. “Unfair and usurious practices continued to be seen during the course of onsite examinations as well as from the data collected and analysed offsite,” the RBI said. The action comes less than 10 days after central bank governor Shaktikanta Das warned some non-banking finance companies (NBFCs), microfinance companies (MFCs) and housing finance companies (HFCs) against “aggressively pursuing growth without building up sustainable business practices.”

Nykaa triggered the explosion of beauty and skincare brands in India by fast-tracking and expanding distribution manifold across the country, Stéphane de La Faverie, executive group president of The Estée Lauder Companies Inc, told ET in an exclusive interview. The segment also got a big push during the pandemic when consumers conducted “a lot of deep research on beauty and wellness”, said Faverie who is currently on a visit to India. The Estée Lauder Companies—the second largest cosmetics company in the world after L'Oréal, and the owner of brands such as MAC, Bobbi Brown and Clinique-—will soon start local manufacturing in India, he said.

group insolvency framework under the bankruptcy law. This will facilitate a joint resolution of stressed entities of a domestic corporate group, given the interconnected nature of their operations, people aware of the development said. The framework will be a part of Insolvency & Bankruptcy Code (IBC) amendments that the corporate affairs ministry could introduce in the winter session of Parliament, likely in December, they said. The mechanism could empower the committees of creditors of various bankrupt companies of a group to decide if they need to join hands to speed up resolution and maximise gains or pursue the processes separately, they told ET. It will apply only to a group’s bankrupt companies and won’t extend to its solvent entities, they said.

Ratan Tata named lawyer Darius Khambata and close friend and associate Mehli Mistry as executors of his will, along with half-sisters Shireen and Deanna Jejeebhoy, according to executives with knowledge of the matter. Tata died on October 9 at the age of 86, with half-brother Noel Tata succeeding him as Tata Trusts chairman. Ratan Tata held a 0.83% stake in Tata Sons and had a net worth of Rs 7,900 crore, according to the Hurun India Rich List 2024. He was always keen that a significant portion of his wealth go to charity and the welfare of society.

recession had subsided for the time being when the US Federal Reserve had decided to introduce Federal rate cuts of up to 50 basis points. However, with severe inflation fears coupled with unemployment data again brought in a contemplation of an impending American recession. According to strategist Paul Dietrich, the unemployment levels are running at a very risky rate at this point and the United States could easily be caught off guard with the sudden arrival of a recession in the nation, with nothing to stop it once the job data weakens severely in the backdrop.

housing crisis boiling up in the United States mostly centered around the unavailability of homes in the largest metros of the country. Although alarms around this scenario have not yet been raised, there is no denying the fact that this shortage of homes in metropolitan regions clearly depicts the true nature of a housing crunch in the United States, which is a big problem for the federal administration to address in the coming months.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Donald Trump's way in the last leg of the US election race where the latest poll data is also backing the former US President, and now Elon Musk has also joined the poll party in amassing a major chunk of campaign fund for the Republicans. According to The Telegraph, Elon Musk has donated a whopping $75 million towards Donald Trump's re-election bid this November, which makes him one of the biggest donors of the Republican Party.

Kamala Harris and the Democrats have a major lesson to learn from the recent election trends that have been observed, according to the latest poll data. It has been seen that Donald Trump has now come very close to Kamala Harris in terms of approval and popularity ratings, even in the key battleground States where Harris had robustly built her stronghold. Some of the reports even suggest that Donald Trump has the chance of overturning and flipping Pennsylvania, which is rather considered a blue state in any US election, meaning that a Democratic Party candidate can very easily win this key swing state.