Experts Financial News

Dhanteras, which marks the start of Diwali, was celebrated. Better tax structure for these products and strong returns in the recent past prompted investors to buy gold and silver ETFs on that day, considered auspicious for buying precious metals. The combined turnover of gold and silver ETFs stood at ₹428 crore on October 29 as against ₹89 crore on the eve of Dhanteras last year. While gold ETF volumes surged from ₹65 crore to ₹236 crore, silver volumes jumped from ₹23.6 crore to ₹191.6 crore. ETFs are bought and sold like listed stocks.

The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China.

Country Delight has raised Rs 200 crore in venture debt from Alteria Capital. The new funds will be used to fuel the company’s expansion, increase capacity, and drive brand marketing efforts, the Gurugram-based company said in a statement. «As we scale our operations and prepare for our initial public offering (IPO) journey, it is important for us to use various capital sources to improve financial efficiency and also set us up for the next phase of growth,» said Chakradhar Gade, the chief executive officer of Country Delight.

Tamil Nadu’s Ranipet district, famed for being a hub for power loom weaving. But the small town, which is barely a hundred kilometres from state capital Chennai, is now poised to emerge as a nodal destination for global automobile manufacturing. In September, Tata Motors broke ground for its Rs 9,000 crore greenfield factory designed to produce cars for local and overseas markets for Tata Motors and JLR. The ambitious project is expected to create over 5,000 employment opportunities--both direct and indirect--and drive significant skill-building in the local community. Panapakkam has a population of around 11,536 as per 2011 census with residents primarily engaged in agriculture and weaving. The town is known as the production centre for power loom lungis, the sarong-like wrap favoured as everyday wear by multitudes of south Indian men.

Sebi) has proposed that asset management companies must deploy funds collected through new fund offers (NFOs) within 30 days from the date of allotment of units. In exceptional cases, if the fund house is not able to deploy the funds within this timeframe then it should give the reasons in writing to the investment committee. The committee may extend the timeline by 30 days, while also making recommendations on how to ensure deployment within this timeframe and monitoring it.

payments pie, have drastically cut down on these spends. PhonePe, Paytm, Amazon Pay and Cred have all cut down on their overall marketing spends and have reduced the incentives for their customers, data from the last two years show. Walmart-backed PhonePe, for example, spent only Rs 15 crore on customer incentives in the financial year 2024, down from Rs 950 crore in FY2019, according to its annual report.

Jeff Bezos defended the Washington Post’s decision of not endorsing a single US Presidential candidate just ahead of the US Presidential Elections scheduled to be held on November 5 while he asserted that political endorsements eventually creates a perception of bias. According to New York Post, in an op-ed which was recently published, Jeff Bezos described the move as a principal decision which eventually reflects the commitment of the newspaper towards independence. New York Post reported that Jeff Bezos also made an argument that endorsements do not really influence undecided voters and emphasized on the need for media credibility acknowledging the fact that public trust in journalism has eventually declined. Also Read: On Call: New police drama’s release date, where to watch, plot, cast and characters

Prime Video announces the release date for On Call, a police drama series featuring Troian Bellisario and Brandon Larracuente. The series will premiere on January 9, with all episodes streaming in over 240 countries.

Kamala Harris' latest strategies in the last phase of the election campaign in the United States, is arguably not going well with US voters. Apparently calling Donald Trump a 'fascist' is not cutting through with voters and Harris has now been warned to refrain from adapting such strategies as it may not look good in terms of the candidates' overall outlook.

Meta India posted a 24% growth in gross advertising revenue, reaching ₹22,730 crore for the fiscal year ending on 31 March, compared to ₹18,308 crore in the previous fiscal year, as per the company's filings with the RoC. The Indian unit of global social media giant Meta Platforms, which still operates under the legal name Facebook India Online Services, recorded a modest 13% growth in gross advertising revenue for the fiscal year ending on March 31, 2023. The FY23 gross advertising revenue of ₹18,308 crore includes ₹6,120 crore from gross advertising reseller revenue, as the reseller model was in effect for a few months of that financial year.

premium products from daily groceries and household items to smartphones and beer has bucked the slowdown trend, especially in cities where consumers have cut back on lower-priced products amid inflation. Most consumer companies during the September quarter earnings indicated that urban growth tapered off even as demand in villages recovered gradually. «We actually looked under the bonnet. And even when you peel the surface, you find that the premium segments, popular segments, mass segments, the rank order of hierarchy of growth is the same as observed in other quarters. Premium continues to grow 30-odd percent or thereabouts faster than the other segments. And we see the trend of upgradation remaining consistent and secular even in rural,» Rohit Jawa, managing director at Hindustan Unilever said. Urban markets grew 4.3% while rural areas saw volume growth at 3.9% within the FMCG segment, as per latest data by Kantar. This was compared to a growth of 8.1% in cities and 6.3% in villages a year ago, indicating broad-based slowdown across markets.

Prince William very recently shared the insights into his life and his family life at the famous Adelaide Cottage, where he and Kate Middleton reside alongside their three children and a pet dog named Orla. According to Marie Claire, while having an outing in Cornwall, Prince William asserted that he alongside his wife very often shares their bed with Orla who is a cocker spaniel and that eventually adds a relatable touch to their royal lifestyle. Marie Claire reported that Prince William expressed his utmost affection for dogs and also mentioned that the name Orla means ‘Golden Princess’ in Gaelic. The Royal family has a long history of owning pets while they previously had a dog named Lupo who unfortunately passed away in the year 2020. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

While his team had expected him to rest post-tour for a health assessment, King Charles has moved ahead with plans for upcoming royal engagements. During a traditional Ava ceremony in Samoa, he referenced his health, telling attendees he hoped to “survive long enough” to return, reflecting on his connection to the region. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained $1.81, or 2.5%, to $72.93 a barrel by 11:30 a.m. EDT (1530 GMT). U.S. West Texas Intermediate crude rose $1.85, or 2.8%, to $69.06.

equity indices fell on Wednesday, dragged by declines in financial stocks after a two-session rally, as sentiment weakened amid ongoing foreign outflows and lackluster corporate earnings. The 30-share BSE Sensex dropped 426 points, or 0.53%, to close at 79,942, while the broader NSE Nifty fell 126 points, or 0.51%, to end at 24,340.

Prince William and Princess Kate are reportedly planning to host a “rival Christmas party” at Anmer Hall, their home on the Sandringham estate, according to The Daily Beast. Unlike the Royal Family's formal celebrations traditionally held at Sandringham House, the Duke and Duchess of Cambridge are said to embrace a casual atmosphere with Kate’s parents, Mike and Carole Middleton, joining them. This year’s festivities come amid health concerns, as King Charles and Princess Kate both announced cancer diagnoses earlier in 2024. Also Read: Lioness Season 2: See Episode 3 release date, time, plot and where to watch

Donald Trump addressed supporters at a rally in Allentown, Pennsylvania, calling for a surprising show of unity and forgiveness towards President Joe Biden. Trump’s remarks followed Biden’s recent comment describing Trump’s supporters as “garbage” during a get-out-the-vote call with Voto Latino, a statement that quickly drew criticism. Referring to Biden's words, Trump urged his supporters to “forgive” the president, framing the appeal as a demonstration of unity amid deepening partisan divides, as mentioned in a report by Fox News. At the rally, Trump compared Biden’s comments to Hillary Clinton’s infamous 2016 remark calling some of Trump’s supporters “deplorables.” Trump quipped, “Garbage, I think, is worse,” and went on to say, “But he [Biden] doesn’t know. You have to please forgive him.”

SS Rajamouli and Mahesh Babu now going to be a reality? A recent Instagram post from auteur Rajamouli has made fans think that the ‘RRR’ director and the superstar may be finally coming together for a project! Although a film tentatively titled ‘SSMB 29’ was announced several months ago, the details have been kept under wraps. Lately, SS Rajamouli’s son, SS Karthikeya, has been posting intriguing snippets on Instagram that have stirred up curiosity about their upcoming film. While Karthikeya has kept the specifics a mystery, excitement escalated today when SS Rajamouli himself shared a photo that delighted Mahesh Babu’s fans. Rajamouli’s latest Instagram post shows him on Kenya’s sprawling savanna, surrounded by zebras—a breathtaking location-scouting image that has fans flooding the comments, eagerly demanding more news about the film. This high-budget project, produced by KL Narayana of Durga Arts, is expected to feature a stellar cast and technical crew, with Keeravaani composing the music and Vijayendra Prasad penning the script. As anticipation builds, fans are waiting for more details on the much-hyped SSMB29.

benchmark price of bauxite (source of aluminium and gallium) used for calculating value of estimated resources and premium payable in auctions. According to a Mines Ministry proposal, the current Average Sale Price (ASP) of Bauxite contains a conversion factor of 6.4%. The Mineral Concession Rules, 2016 provide a formula for calculating the ASP for metallurgical grade bauxite on the basis of London Metal Exchange (LME) price of Aluminium. This existing conversion factor was opposed by mining companies which claimed the price arrived by using this metric was too high and approached multiple courts of law, the Ministry said. It has now been proposed to lower the conversion factor for metallurgical grade bauxite to 4.90% after a committee constituted for ASP rationalising submitted its report.

Tata Power on Wednesday reported a 51% jump in its net profit (before exceptional items) for the quarter ended September 2024 to Rs 1,533 crore as against Rs 1,017 crore posted in the year-ago quarter. Revenue from operations, meanwhile, fell 1% year-on-year to Rs 15,247 crore.