Experts Financial News

Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements. Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Lite intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes, Sebi said in its consultation paper. Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities. The present regulatory framework for MFs is however uniformly applicable for all MF schemes and does not differentiate regarding the applicability of provisions relating to entry barriers — net worth, track record, profitability — and other compliance requirements for entities who may be desirous of launching only passive funds.

car sales slowed in the first half of the year with combined sales at Mercedes-Benz, BMW and Audi growing 5.5% from a year earlier to 18,843 units, according to data from companies. This compares with a 23% on-year increase in the first half of 2023 at 17,869 units. Carmakers attributed the sluggish performance to a broader slowdown in the Indian car market, besides intense heat waves this summer, and an extended general election. Some experts also cited a shift in spending by the wealthy to experiences such as bespoke holiday itineraries. Luxury automakers are hoping to post a recovery in the second half, which will feature the festive season starting in September with Ganesh Chaturthi and Onam, and peaking with Dussehra and Diwali in October-November. This period is the most crucial for consumer durables like cars, accounting for 30-35% of annual sales.

MUMBAI , NEW DELHI : Mumbai/New Delhi: The market for voluntary carbon trading is picking up in India, even before the planned rollout of an official mechanism to speed up the decarbonization journey. However, an abundance of carbon certificates due to the flurry of renewable energy projects has dampened their prices, experts said. At the heart of this market are international renewable energy certificates (I-REC) accrued by the country’s fast-growing clean energy sector.

Sports Minister Mansukh Mandaviya on Friday asked all stakeholders involved in the preparation of Indian athletes for the Paris Olympic to ensure the elite players are in the best possible mental and physical shape to excel on the grand stage. A total of 118 athletes, including 48 women, across 16 sports disciplines will compete at the Paris Games. While 72 athletes have qualified for Games for the first time, 26 have come through the government's ambitious programme, Khelo India. «As our athletes enter this critical phase of preparation and competition, it's essential that we ensure they are in the best physical and mental condition to excel,» said Mandaviya, while chairing a high-level meeting to review India's preparation for the Olympics. The ministry has also established a coordination group to ensure holistic support for athletes and to address any issues that arise in the lead-up to and throughout the Paris Games.

astronaut Tracy Dyson's spacesuit 31 minutes into a spacewalk outside the International Space Station (ISS) earlier this week, she was put in a terrifying scenario. The leak prompted Dyson and fellow astronaut Mike Barratt to abort their mission, which prompted the onboard team to look into the problem. Considering that NASA's existing spacesuit design is based on the Space Shuttle Program from the 1980s, this tragic event emphasized the critical need for new suits, as reported by 'Yahoo News'. Also Read: World's largest solar plant has five million PV panels. Where is it located and how much electricity will it produce? Know in detail

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.

Chinese banks say they will fight back against digital yuan-themed money laundering and identity theft schemes by rolling out new security protocols.

Viacom18, the official broadcast and digital partner for Paris 2024, announced the biggest Olympics presentation yet in India, with 20 concurrent feeds and a roster of Olympians, starting July 26, 2024, across the Sports18 Network and for free on JioCinema. The network has lined up former champions across multiple sporting disciplines to amplify the best Olympic presentation ever. It also launched its campaign film ‘Dum Laga Ke… Haisha’. For the first time, Olympics coverage in India will be presented across 20 concurrent feeds on JioCinema for free, allowing fans to catch their preferred action and Indian performances at the Olympic Games anytime, anywhere, on their preferred device.

A dangerous and extremely powerful Hurricane Beryl made landfall Monday on the Caribbean island of Carriacou after becoming the earliest storm of Category 4 strength to form in the Atlantic, fueled by record warm waters.

A driverless ride-hailing car in China hit a pedestrian, and people on social media are taking the carmaker’s side, because the person was reportedly crossing against the light

Huma Abedin is now officially engaged to billionaire Alex Soros. Page Six broke the story first, emphasizing the gorgeous diamond ring Soros presented her, which has garnered a lot of attention. While dining with famous fashion designer Anna Wintour, Abedin, 47, showed her new jewelry, igniting conversations about its stunning estimated value.

ionosphere of Earth is a layer of electrically charged gas that is essential for long-distance radio transmission. NASA's GOLD satellite has uncovered a startling discovery there. This area develops as a result of molecules being ionized by solar radiation, producing plasma that facilitates signal transmission, as per the reports of 'Yahoo News'.

artificial intelligence (AI) has become the latest buzzword across industries and businesses. Most agree that it is going to revolutionise businesses.

₹2 lakh per year to ₹5 lakh to add momentum to housing demand.- Long-Term Capital Gains: Bring long-term capital gains at 10% on par with equity shares.- Municipal Charges: Exclude municipal charges from the purview of GST.- GST Reduction: Reduce GST on under-construction properties to make homes more affordable.- Redefine Affordable Housing: Broaden the definition of affordable housing to expand the benefits for homebuyers, thereby boosting end-user demand.- Interest Subsidy: Provide an interest subsidy for first-time homebuyers to boost sales in the real estate sector.- Introduce tax exemptions for rental income to encourage greater investment in residential real estate.4. Industry Status & Budgetary Support:- Industry Status: Grant “Industry" status to the housing sector to incentivize growth and attract significant investment.- Budgetary Allocation: Allocate funds from the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund in the upcoming union budget for FY 2024-2025 with relaxations, including allowing input tax credit under GST and providing incentives for rental housing to achieve the housing-for-all targets.By addressing these expectations, the industry will not only drive growth in the real estate sector but also stimulate demand in various ancillary industries, thereby boosting job creation across these sectors.Overall, the hope is for policy measures that foster sustainable growth and address key challenges facing the industry in the upcoming budget.The author, Pramod Kathuria is Founder and CEO of Easiloan.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before

Republican officials in Montana are pressing the state Supreme Court to overturn a landmark climate ruling in a lawsuit brought by young environmentalists

Eli Lilly has yet to get the nod from India's drug regulator for selling its blockbuster drug Tirzepatide in the country for weight loss, said the American pharmaceutical firm. «The apex drug regulator's subject expert committee (SEC) has so far given a go-ahead for its import and marketing for diabetes and not for weight loss,» Elli Lilly told ET, adding that the «obesity» indication is undergoing review by the Central Drugs Standard Control Organisation (CDSCO). The drug is marketed under the brand name Mounjaro for type 2 diabetes treatment and as Zepbound for weight loss, in the US. Mounjaro has been available in the US since 2022 while Zepbound was approved by the US FDA in November 2023. The company said it has yet to firm up the schedule for launching the drug in India.

Vladimir Putin said that he may be forced to use nuclear weapons if the existence of his country is threatened, the specter of nuclear war has been haunting the US. It has increased with escalating the Russia- Ukraine War and mounting China-US pressure over Taiwan and the South China Sea. Amid these disturbing scenarios, a map has been released showing the potential targets in the US if a nuke war gets triggered. As many as 90 cities have found a place in the map, that may disturb not only their residents but also defense experts and the military.

Kenyan farmers' financial security and optimism have been shaken by recent flooding

As passive funds, these investments will align their portfolios with an underlying index. Mint explains how this proposal could help investors in building their portfolios. A passive hybrid fund gives more clarity to investors in terms of portfolio structure, according to experts.

We have a variety of Market Focus events in the second half of the year covering Global Equities, Sustainable & Impact, Fixed Income and Private Markets. These convenient events provide a fantastic opportunity for busy researchers, analysts and selectors to hear from a number of expert managers in one place, in just half a day out of the office.  We are also delighted to announce the sponsors for our popular flagship event – Funds to Watch Autumn. Aegon, Baillie Gifford, BakerSteel, Comgest, Fiera, Impax Asset Management, Janus Henderson Investors, Marlborough, PGIM, Pinebridge, Premier ...

MUMBAI : Mumbai: Some of the world’s largest sovereign wealth funds, including Singapore’s GIC Holdings Pte. Ltd, Abu Dhabi Investment Authority, and Kuwait Investment Authority, have significantly increased their investments in Indian stocks and startups the past few years. These three funds held a collective ₹5 trillion, or nearly $60 billion, in Indian stocks as of 31 March, show data compiled by Mint.