Extreme Financial News

₹5 lakh in a savings account (not even a fixed deposit!). So even as we see all this transpire around us, the question that needs to be asked is this: Is your asset allocation geared for a higher interest rate environment? Well, if you are like most people, you have been conditioned for the last 15 years or so to invest in higher risk assets as returns from fixed rate instruments were generally poor (and getting poorer with time). You were, to use a technical but nice sounding phrase, hunting for yield.

Singapore unit of esports firm Nodwin Gaming has acquired a 100% stake in West Asia and Turkey-focused game marketing agency PublishME for $2 million. PublishME was earlier owned by Indian gaming and media firm Nazara Technologies, which held a stake of about 82% in the company, and PublishME founder Ozgur Ozalp, who owned the rest.

India's political spectrum. Few days ago, the Bihar government released the first part of the caste-based socio-economic survey, which revealed that Other Backward Classes (OBC) and Extremely Backward Castes (EBC) account for 63% of the state’s population. It is for the first time any state has released caste-based population data.

Shikhar Dhawan gets divorce on grounds of cruelty by wife Aesha Mukerji “If the marriage is not a valid marriage, according to the law applicable to the parties, it is not a marriage in the eyes of law. The 'Saptapadi' ceremony under the Hindu Law is one of the essential ingredients to constitute a valid marriage but the said evidence is lacking in the present case," the court order stated. The order also drew from section 7 of the Hindu Marriage Act, 1955 to conclude that a Hindu marriage is solemnised in accordance with customary rites and ceremonies of either parties.

Northwest & West India: The weather department has predicted mainly dry weather over the region during next four."Exciting news! Mint is now on WhatsApp Channels

Endeavour’s largest shareholder, billionaire publican Bruce Mathieson, is stepping up a campaign to win over more than 400,000 retail shareholders in a bid to elect former Woolworths executive Bill Wavish to the board of the hotels and liquor chain business – a move opposed by the company.

Defence Minister Rajnath Singh on Wednesday prayed for well-being of the army personnel who went missing in Sikkim after a cloudburst triggered flash floods in the Teesta river. Singh described the glacial lake burst at Lonak in Sikkim as «deeply heart-wrenching» and said relief and rescue operations in the area are in progress amidst extremely bad weather. Twenty-three army personnel went missing following the cloudburst-triggered flash flood in the Teesta river basin, officials said.

According to numerous media reports, India has asked Canada to sharply reduce the number of diplomats it has in the country. This is a significant move as Canada’s mission in India is among its largest anywhere in the world. It may also reflect that the spat between the two countries hasn’t cooled just yet.

Investors soon won’t be able to follow Warren Buffett’s every move in HP stock if the billionaire’s company keeps selling off shares of the printer and computer maker

The leader of the Columbia Journalism Review says he's leaving that job to work at an organization that encourages news outlets to devote more attention to covering climate change

Pankaj Tibrewal, Senior EVP & Fund Manager (Equity), Kotak MF, says “our sense is that consumption around the second half of this year should start picking up, led by festive season as well as election spending and do not forget that this time the wedding dates in the second half are about 35-36 days which is one of the highest over the last four-five years. So, broadly speaking, in the near term, markets may face headwinds. However, if you take a three- to five-year view, India is very nicely positioned from an economic cycle perspective.” Tibrewal also says, “a lot of money is probably chasing little stocks and now market participants are navigating from higher to lower quality. This is something we need to be a little worried about and hence our cautious stance on mid and smallcaps in the near term. But if you take a three-five-year view, the space is always exciting. There are bottom-up opportunities.” With the negative undertone that we are seeing across on the Wall Street with rising bond yields, etc, do you believe that it poses a major threat for our own markets or do you think that we will continue to hold out and these are just mere bumps along the way? In the near term, there are headwinds both from global and local economic data which are emerging.

TAIPEI (Reuters) — Taiwan's central bank will intervene in the foreign exchange market if there are «extreme» fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday.

Sanjiv Bhasin, Director, IIFL Securities, says PB Fintech will be my stock for this Diwali to next Diwali. Paisa Bazaar, the Policy Bazaar, are raring to go. They will scramble extremely well along with Paytm. We cannot look at these stocks from their lows. We have to look from the highs because they have stabilized their businesses, particularly Paytm, you cannot do without it. The QR business which they are talking of, we are doing five times more digital transactions than China. Where have the railway, defence and shipbuilder stocks moved? From the recent 52-week high, have they started reversing? Now, one is absolute change and second is a move from the recent high. From Rs 190 plus, RVNL has become Rs 170 in one month but they are still in the green. For Cochin Shipyard, even for smaller PSU banks, the skim from the top is evident. Is the best of the gains over? If you own them, do not sell them, but don’t buy them now. Well, take it with a little bit of caution and try to do a SIP rather than go wholeheartedly because they have run up far in excess of what actually should be the case.

Krafton’s India division is launching its maiden gaming-focused incubator programme for Indian startups. The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000, the firm said in a statement. It will be open to early-stage startups, as well as students and independent developers.

By David Lawder and Kanishka Singh

socio-economic data of the population will be tabled in the Bihar assembly in the forthcoming winter session, chief minister Nitish Kumar has said. «We will work in the interest of all citizens living in Bihar and formulate policies after consulting all parties,» Kumar said during an all-party meeting in Patna on Tuesday, a day after the state government released the caste survey data on population of each caste and community. BJP and some of its allies questioned the data.

Bihar caste census report in detail, understand its methodology and then take a call on replicating the model in Maharashtra. “Its authenticity and accuracy needs to be verified," the deputy CM stressed, adding that the Nitish Kumar-led Bihar is the only government in the country which has so come out with a census of this kind. “Even the Congress-led government are yet to undertake this exercise." he added.

The Heat Will Kill You First", a new book, America would have seen “the Hurricane Katrina of extreme heat". It is not just the United States, where 100m people are under heat-advisory notices, that is suffering. There is currently a spate of such heatwaves around the world.

Bahujan Samaj Party chief Mayawati on Tuesday demanded the state government start conducting the caste survey right away, saying though some parties are against it, this is the only way to justice for the OBCs. «The news of the caste census data conducted by the Bihar government being made public is in the news today and intense discussions are going on on it.

PTI reported. 1)According to the data, the state’s total population stood at a little over 13.07 crore, out of which the Extremely Backward Classes (36 per cent) were the largest social segment followed by the Other Backward Classes at 27.13 per cent. 2)The survey also stated that Yadavs, the OBC group to which Deputy Chief Minister Tejashwi Yadav belongs, was the largest in terms of the population, accounting for 14.27 per cent of the total.

Bihar caste census matter on October 6. The petitioner's lawyer mentions before the top court that the Bihar Government has published caste survey data. Additional Chief Secretary of Bihar, Vivek Kumar Singh on Monday informed that the report of the caste-based census conducted in Bihar has been released.