Exclusive Financial News

Beauty and personal care (BPC) products in the burgeoning direct to consumer (D@C) segment emerged as the largest selling category in India after about 3.7 lakh packs of Vitamin C Serum were sold during 2023, according to GoKwik’s network data report. The highest repeat rate was also observed in BPC at 30%, followed by fashion at 28%. The electronics category saw one of the lowest repeat rates, at 14%. “D2C brands are increasingly becoming shopper favourites.

AU Small Finance Bank has officially unveiled its collaboration with Mastercard, heralding the introduction of the Mastercard Debit Card. This innovative offering is tailor-made for the bank’s Corporate Salary customers and is rolled out with the overarching theme of #Swipe&Save. The recently launched Mastercard Debit Card caters to the lifestyle requirements of the contemporary Corporate Salary class by presenting exclusive deals across various prominent categories.

Bajaj Finance Ltd, part of Bajaj Finserv, has announced the launch of Digital Fixed Deposit (FD), and is offering exclusive rates of up to 8.85% on deposits booked via its App and Website.

Vodafone Idea (Vi) and Paris based Team Vitality, an internationally acclaimed esports organisation, have announced a long-term union to boost the esports ecosystem in India. With this collaboration, the two brands aim to create opportunities and exposures to esports fans and gaming enthusiasts.

The ‘Tax Saving Season’ is back upon us. It is that time of the year when the HR department asks for proof of investments and employees start focussing on optimizing their tax liabilities and taking advantage of various avenues to save on income tax.

gold is anticipated to reach Rs 70,000 per 10 grams in the local market. This projection is attributed to a stable rupee, geopolitical uncertainties, and the deceleration of global economic growth, as indicated by experts. Buying gold in tangible or physical forms such as jewelry, gold coins, or bars can be significantly expensive. In contrast, possessing it in a paper form like gold exchange-traded funds (gold ETFs) is more cost-effective, with prices aligning closely to the actual value of gold. Also read: 6 ways to buy and invest in gold Hence, if your goal is to capitalize on the potential increase in the value of gold in the future, opting for the ETF route is the solution. Comparable to mutual funds, where the investment's value mirrors that of the underlying securities (equity or debt), in the case of gold ETFs, gold serves as the underlying asset.

Groww, AngelOne and PhonePe are emerging as top distributors of mutual fund products, adding lakhs of new systematic investment plans (SIPs) every month. They drew in nearly half the new SIPs opened in November 2023, according to data from asset management companies shared exclusively with ET. The Association of Mutual Funds of India (AMFI) noted that over 3 million new SIPs were created in November 2023, of which around 1.3 million were opened on fintech platforms, according to industry estimates. Groww opened more than 700,000 new SIPs while more than 200,000 were generated by AngelOne and over 120,000 by PhonePe. Paytm Money, the wealth management subsidiary of Paytm, generated around 76,000 new SIPs in November.

Netflix subscribers can enjoy a DC movie marathon until at least April 2024. Check out the release order for DCEU and other DC movies available on Netflix between December 2023 and January 2024.

State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, demonstrating the enduring appeal of local financial companies for overseas investors that expect New Delhi to be the undisputed global growth leader in a geopolitics-ravaged 2024. «The success of this transaction reflects the improvement in the bank's credit and business profile, which is the result of tremendous work put in by SBI as a team over the years,» SBI Chairman Dinesh Khara said exclusively to ET. «In addition, we have also benefited from favourable macroeconomic conditions, including a largely stable currency and domestic yields, despite the volatility in overseas markets,» he said. The deal represents the «largest sole-underwritten transaction for an Indian borrower since 2018,» a source aware of the development told ET. SBI, with the biggest branch network and a share of about a fifth in all outstanding bank credit in the country, is often seen as a proxy by analysts for loan demand and deposit options in a country that is increasingly financialising its savings.

Quiver Quantitative — Rivian Automotive (NASDAQ:RIVN) faced a challenging close to 2023, missing fourth-quarter delivery targets and witnessing a sharp decline in its share value. The electric vehicle (EV) maker delivered 13,972 vehicles in the quarter, falling short of the anticipated 14,430 units. This underperformance, attributed to heightened competition and soaring interest rates in the U.S., prompted a nearly 10% drop in Rivian's stock.

Disney Dreamlight Valley, January 2024 presents an opportunity to snag free rewards through active codes. From Star Coins to Moonstones, players can enhance their gaming experience by collecting various in-game items.

appointment and service conditions of the chief election commissioner and other election commissioners has been filed in the apex court. Filed by Congress' Jaya Thakur and others, the petition argues that the provisions of the law are violative of the principle of free and fair polls since it does not provide an «independent mechanism» for appointment of election commissioners. The Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023, allows appointment to the posts of CEC and election commissioners by a selection committee comprising the prime minister, a Union Cabinet minister and the Leader of Opposition in the Lok Sabha. The law was passed by the Parliament last month and received the assent of the President on December 29.

Monster Hunter Now has been revealed, featuring the debut of Azure Rathalos and other exciting events. Here's a breakdown of what hunters can expect.

CAA soon. Once the rules are issued, the law can be implemented and those eligible can be granted Indian citizenship," the government official said. When asked if the CAA rules will be notified before the Lok Sabha elections 2024, the official said, "Yes, much before that." "The rules are ready and the online portal is also in place and the entire process will be online.

Garena Free Fire is a popular battle royale game that gives players the chance to prove their survival skills in 10-minute matches. The vibrant graphics and addictive gameplay of Garena Free Fire have made it a household name among the gaming community worldwide. Adding to the game's wild appeal is the developers' tactic of releasing the redeem code daily, unlocking a world of in-game goodies for free.

₹2 Crores to less than Rs. 50 Crores. The fixed deposit has a specific maturity period of 175 days, starting from January 1st, 2024.

PC port. Ragnarok's PlayStation Success vs. PC Anticipation

Shri Balaji Valve Components IPO allotment finalised: Latest GMP, here's how to check allotment status The IPO exclusively involves a fresh issue of up to 98,47,000 equity shares, each with a face value of ₹10, as outlined in the draft red herring prospectus (DRHP) filed on December 27. According to the draft documents, the funds raised from the offering will be allocated by the company for the expansion of its current manufacturing facility and the establishment of a new manufacturing facility in Maharashtra. Also read: Kay Cee Energy & Infra IPO: Check GMP, subscription status on day 3, other key details The generated funds will also be allocated to meet working capital needs and support general corporate objectives.

Canadians are ringing in the new year with plans to cut down on spending and make other behaviour changes amid growing recession fears after a year riddled with concerns about inflation, rising interest rates and high cost of living.

In an era where medical marvels and a focus on healthy living are pushing the boundaries of human lifespan, the notion of retirement is undergoing a radical transformation. According to Harvard Medical School, “it’s very possible that the first person who will live to 150 has already been born.” Your retirement isn’t a decade-long vacation; it’s potentially a half-century-long second act, therefore ensuring financial security for this extended period becomes imperative.

Cybersecurity firm TAC Security on Monday said the company is exploring capital raising options, including an initial public offering (IPO) in early 2024. It is also eyeing a revenue of Rs 100 crore by 2026. Beeline Capital Advisors Private Limited has been appointed the exclusive book running lead manager for the proposed IPO, the company mentioned.