Experts Financial News

mutual fund investor changes his/her primary bank account in the mutual fund folio there are certain things to keep in mind, otherwise, he may have to incur unnecessary charges and hassle. If there is an active SIP (Systematic Investment Plan) running in your mutual fund account and you change your primary bank account in that folio, then the bank account through which the SIP money is deducted will not automatically switch to the new bank account. You have to manually cancel the SIP mandate and create a fresh mandate with the new bank. If you do not do this or forget to do, then it will create a paradoxical situation where your mutual fund’s primary bank account and SIP deduction account will become different.

Swiggy IPO is likely to be finalised later on Saturday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on the BSE or even on the registrar's website.

As a sluggish Q2 earnings season is leading to downgrades in many stocks, Abhishek Singh, Fund Manager, DSP Mutual Fund, says the market is not factoring in the medium-term outlook yet for most of the stocks. «Markets could be justified in this stance if we see sustained improvement in the coming quarters,» he says. Edited excerpts from a chat:

IRCTC, CONCOR and Rites are among a host of other companies likely to remain in focus in the upcoming week as they are approaching their record dates for the purpose of dividends, bonus issues and stock splits. A record date is set by a company to decide shareholders eligible to receive offers. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

4B movement has seen a surge online after Donald Trump's victory in the US Presidential elections 2024. Trump's victory- fuelled by male voters and to many looked like a referendum on reproductive rights — some young American women are talking about boycotting men.

bond yields in the wake of the election of Donald Trump as the US President. He said the other negative for equities is that the liquidity situation has begun to deteriorate at a time when valuations are at historic highs.

Brent crude oil futures fell 47 cents, or 0.6%, to $75.16 per barrel by 0446 GMT. U.S. West Texas Intermediate (WTI) crude fell 55 cents or 0.8% to $71.81. The benchmarks fell after rising nearly 1% on Thursday.

The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift the appetite for equities.

Gold prices dropped on Friday, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump's victory and its potential impact on U.S. interest rate expectations. Spot gold fell 0.8% to $2,684.03 per ounce as of 01:40 p.m. ET (1840 GMT) and posted a 1.8% weekly decline.

Traders were also awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world's number two economy with an eye on the US election result.

Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.

Also supporting stocks this week was a widely expected interest rate cut of 25 basis points by the Federal Reserve on Thursday.

Analysts expect Trump's policy proposals — including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation — will boost growth and inflation.

OpenAI's popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday.

Chandra Arya, Member of Parliament of Canada in a statement condemned the attack by Khalistextremists on Hindu devotees at the Hindu Sabha temple in Brampton that took place on November 3 and criticized politicians for misrepresenting the incident as a Hindu-Sikh issue. Arya argued this framing is misleading and divisive.