Discover Financial News

₹7,050 crore to ₹26,363 crore in the year through July, reflecting a significant increase in investor interest, said Feroze Azeez, deputy chief executive officer at Anand Rathi Wealth. “The best-performing fund in this category delivered around 80%, while the worst-performing fund achieved about 25%." “The rise in inflows and the launch of new funds—49 in total, with 9 introduced this year—indicates that this investment style has picked up considerable traction," said Azeez. Factor-based investing has been globally recognized since the 1960s as stock-pickers looked for traits that could deliver better risk-adjusted returns than traditional strategies.

Sanjoy Roy, who was arrested for the rape and murder of a woman doctor in Kolkata. Roy, a 33-year-old civic volunteer with the Kolkata Police, was found to have a troubling history of violent behaviour and disturbing addictions. According to the police, Roy was reportedly addicted to violent and disturbing pornography, as revealed by the content discovered on his mobile phone. «The pornography content in his mobile phone was quite disturbing and violent. We wonder about the state of his mind as watching such things is quite unnatural,» a police officer told PTI. Roy's background paints a picture of a man with a deeply troubled past. Since joining the Kolkata Police as a civic volunteer in 2019, Roy had been married at least four times, with a reputation as a womaniser. He had a history of physically abusing his wives, and neighbours often reported hearing fights from his home. His first wife was from Behala, his second from Park Circus, his third from Barrackpore, and his fourth from Alipore.

hernia surgery, only for doctors to discover an unexpected finding: female reproductive organs inside his body. Mistri, a father of two, had been experiencing severe abdominal pain, which led him to seek medical attention. An ultrasound initially identified a mass in his lower abdomen causing pressure on other organs and resulting in a hernia. He attended a free hernia check-up camp for a thorough evaluation. Dr. Narendra Dev, a professor at BRD Medical College, reviewed the ultrasound and confirmed the presence of a hernia.

Delhi government's anti-corruption branch (ACB) has arrested seven individuals, including a suspended GST officer, three advocates, two transporters, and a proprietor of fake firms, for their alleged involvement in a GST fraud racket. The fraud involved fraudulent GST refunds that amounted to approximately Rs 54 crore, and forged invoices totaling Rs 718 crore were discovered. The operation uncovered nearly 500 non-existent firms, which appeared to be engaging in business activities solely on paper to claim the fraudulent refunds, a TOI report stated. Officials have pointed to significant procedural lapses and malpractices by the arrested GST officer, Babita Sharma, who has since been suspended. The fraudulent refunds were reportedly approved without proper verification of input tax credit, which has resulted in a substantial loss to the government’s exchequer. ACB Chief Joint Commissioner Madhur Verma highlighted the nature of the fraud:

Congress on Monday rejected the Sebi statement about the latest Hindenburg report and demanded the Supreme Court hand over the probe into the US-based short-seller's charges against the Adani group to a Special Investigation Team or CBI in view of the reported conflict of interest of the market regulator's chief Madhabi Puri Buch. «Clearly, no institution is sacrosanct in Amrit Kaal. Did the Sebi chairperson recuse herself from the Adani investigations? Do these conflicts of interest explain the prolonged investigation, a delay that has benefited both Adani and the Prime Minister while damaging Sebi's reputation? How can a match proceed if the umpire herself is compromised? The Supreme Court, empowered by the Constitution, must transfer the investigation to the CBI or a Special Investigation Team given the likelihood of Sebi's compromise.

Strategic Minerals, Union Mines Minister G Kishan Reddy announced Monday. This decision was taken during 6th Governing Body meeting of the National Mineral Exploration Trust (NMET). This not-for-profit trust operationalised by the union Mines Ministry is funded by levies on proceeds from sale of domestically produced minerals in the county. Its purpose is to encourage carrying out of regional and detailed exploration for augmentation of the country’s mineral resources. An official statement said a 25% exploration incentive for agencies engaged in discovering Critical and Strategic Minerals will “significantly enhance exploration efforts in these vital areas, contributing to India's self-reliance in mineral resources.”

UnTrade, a new automated crypto investing platform, is getting ready to show its AI-optimized trading algorithms at Money Expo Mumbai 2024. The event will be on August 17-18 at the Jio World Convention Centre. UnTrade will demonstrate how investors can use advanced algorithms to possibly make big profits.

Amazon Great Freedom Festival sale ends on August 12th: Limited time offers on best headphones, up to 68% off Bicycles for women prioritise comfort and performance, making them ideal for casual outings, fitness rides, or adventurous trails. With thoughtful features like step-through frames and uniquely designed saddles, these bikes promise a smooth and enjoyable experience.

geoglyphs and petroglyphs in Ratnagiri as ‘protected monuments’ under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960, reported TOI. The group of petroglyphs at Deud, Ratnagiri, dates back to the Mesolithic era (roughly 20,000-10,000 years ago), according to a notification by the culture department. Geoglyphs and petroglyphs are different types of ancient art forms. They involve the creation of images or designs on the earth’s surface or rock surfaces.

Prime Video, Netflix, Hulu are releasing a number of movies and documentary this week for viewers in the US. These new titles will be added throughout the week. It’s always worth paying attention when Paul Feig (“Spy,” “The Heat,” “Bridesmaids”) makes a comedy. In “Jackpot!,”coming to Prime Video on Thursday, Awkwafina plays a struggling actor whose winning lottery ticket has her on the run for her life. In this near-future California, residents compete to kill the winner before sundown in order to claim the winnings for themselves. One person who is on her side, and willing to help, is John Cena. The tear-jerker documentary “Daughters,” streaming on Netflix on Wednesday, follows four young girls as they prepare to reunite with their incarcerated fathers for a dance in a Washington, D.C., jail. Co-directed by Angela Patton and Natalie Rae, the film took over eight years to make as the directors earned the trust of the mothers, the daughters and the incarcerated men.

hobbit” humans on the Indonesian island of Flores, a new team has found fossils that are even smaller and even more ancient.The original hobbit fossils — named after the fictional race in The Lord of the Rings — date back to between 60,000 and 100,000 years ago. The species was dubbed Homo floresiensis, referring to the island of Flores where they were found, and scientists estimate they stood about 3.5 feet tall.

Featuring top brands like Prestige, Hawkins, Pigeon, Sunflame, and more, these Amazon deals offer remarkable savings on high-quality products designed to meet all your cooking and dining needs.Plus, don’t miss out on an instant discount of 10% with SBI credit card and EMI transactions, subject to terms and conditions. Click here to learn more about how you can maximise your savings during this limited-time sale.

Berlin's newest tourist attraction, a swing on the top of a 40-storey tower block. Billed as the highest swing in Europe, the contraption on top of a hotel next to Berlin's famous TV tower is a novel way to take in the city — with a dose of adrenaline thrown in. Once strapped into a harness, customers are propelled forward so that when they are at the high point of the swing, there is nothing between them and the ground 120 metres (nearly 400 feet) below.

Sierra Sur de Jaén mountain range. The man allegedly poured water on the paintings to get a clearer photo for social media.

HCLTech's arm HCLSoftware plans to acquire 100 per cent stake in France-based software firm Zeenea SAS at a valuation of 24 million euros, in an effort to diversify its data and analytics business offerings. The all-cash deal is expected to be completed in September 2024, according to a regulatory filing by HCLTech. HCLSoftware Chief Product Officer Kalyan Kumar said the acquisition will enable the firm to offer a unified data intelligence solution that will power enterprises to discover, govern, connect, manage and better leverage data in their data engineering and GenAI journeys. «HCLSoftware Actian Data Platform has seen strong growth in Hybrid Data Management and Integration over the last few years. By adding metadata management, data catalog and governance capabilities, the customers would be able to consume these capabilities of the data platform,» the filing said.

Amazon Great Freedom Festival Sale Day 2 deals: Discounts up to 77% on furniture like, beds, sofa sets, tables and moreThe Amazon Freedom Sale brings you a chance to discover a new level of comfort with premium mattresses. Available in different types, these cater to every sleep style. Offering a range of materials from memory foam to hybrid options, these mattresses provide the right balance of support and softness.

Created by Estée Lauder Companies’ New Incubation Ventures and launched with lead partner Nykaa, this year’s program will highlight the dynamic growth of the beauty sector in India, which is witnessing increased brand activity, innovation, and investment. The 2024 initiative will spotlight companies engaged in social initiatives that improve their communities and ecosystems, as well as founders pioneering new technologies, ingredients, or solutions tailored to Indian beauty consumers. The program has begun accepting entries for this edition of the awards, and participants can submit their entries via [https://beautyandyouawards.com](https://beautyandyouawards.com/) in three categories: Grow, Imagine, and Create. Each category focuses on a different cohort:

In addition to the massive price drops, you can also enjoy an extra instant discount of 10% up to Rs. 3,000 with SBI credit card and EMI transactions, subject to certain terms and conditions, click here to know more. This limited-time Amazon offer is not to be missed. Read on to take advantage of these fantastic deals and enhance your cooking experience at the Amazon Sale.

NEW DELHI : Mumbai-based Deepa Desai, 47, had a harrowing time transferring her provident fund (PF) from one employer to another. Even withdrawal was not easy. Here's why.

NASA's Perseverance rover raises the possibility that microbial life once existed on Mars. In the Jezero Crater, the rover discovered a mixture of organic materials, water, and a chemical energy source on a rock. The greatest proof of possible extraterrestrial life on the Red Planet has been found with this discovery, as per the reports of Yahoo news. For the past three years, Perseverance has been investigating the 28-mile-wide Jezero Crater. The rover discovered a rock known as "Cheyava Falls," which contains remains of organic materials, water, and perhaps even chemical reactions. The rock contains a crimson band full of «leopard spots,» which are probably the result of chemical reactions, and two vertical veins of calcium sulfate that were created by water.