Extreme Financial News

Traditional financial planning models are designed to build portfolios that will fund a 30-plus-year retirement after age 65. But what do you do if your goals don’t align with that model?

GDP data for the first quarter of the current financial year is scheduled to be released on 30 August. If these projections hold, it would mark the lowest GDP growth in five quarters. Economists have projected GDP growth in the range of 6.0-7.3% for the quarter.

«Clean beauty,» the idea of promoting healthy and environmentally friendly beauty products, is all the rage online and in big-box stores

mutual funds. According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky. Even a minor upward movement in interest rates could make these schemes extremely risky and volatile. In simple terms, investors might lose money in such a scenario. That explains why advisors do not speak about these schemes often. Needless to say investors should be extremely cautious about these schemes in the current scenario. Long term debt schemes are extremely sensitive to interest rate changes. They lose money when interest rates go up. When rates are falling, they benefit the most. According to investment experts, when one invests for a long period in debt instruments, the investor is forced to go through an interest cycle that would have an upward and downward phase. This means the investor might see a lot of volatility and sometimes losses when the interest rates start hardening or going up. Needless to say, the opposite scenario might benefit investors.

suicide on Monday in Chhattisgarh's Dantewada district, an official said. At around 10:30am, head constable Vipin Chandra of the CRPF's 195th battalion shot himself in the barracks with his AK-47 rifle, the official said. The incident took place in the 195th battalion's headquarters under Barsoor police station limits, some 400 kilometres from Dantewada, the official added.

Chamoli district, reported TOI. The heavy rainfall has also caused significant disruption across the state, blocking 142 roads, including highways and village routes. The State Emergency Operation Centre reported that since the monsoon began in Uttarakhand on June 15, rain-related natural disasters have claimed 62 lives. Additionally, the storms on Sunday resulted in another 63 roads being blocked throughout the state, according to the TOI report. Heavy rains in Uttarakhand has triggered landslides and flash floods in several places. Dehradun India Meteorological Department Director Bikram Singh had issued a two-day red alert in Uttarakhand on August 22. He had said the state will witness very heavy to extremely heavy rainfall in the coming days 2-3 days.

Jay Kim wasn't always liked at Credit Suisse, but people at the Swiss bank who were partial to him found him extremely palatable. That Marmite reputation may have followed Kim to ATLAS SP Partners, the credit firm fashioned out of Credit Suisse's former securitization platform and majority-owned by Apollo. — 18 months after joining ATLAS as chief executive, Kim is out again. 

Business groups are raising concerns about Ottawa’s decision to restrict the number of temporary foreign workers coming to Canada, warning that certain industries that are struggling to find workers could be adversely affected.

Arnab Das, Global Macro Strategist, Invesco, says we have to look further ahead and think about the American election. Many in the market are discussing the Trump trade versus the Kamala trade. The Trump trade further out might be lower growth, somewhat higher inflation than otherwise and the Kamala trade might be kind of a more reflationary trade, higher growth and somewhat higher inflation. Either way, the Fed would be more likely to be constrained Does a Fed rate cut in September inevitable or are there still question marks around it? Arnab Das: A September cut is extremely likely. Maybe, never say never, so not quite inevitable. But I think we have been moving in the direction of September cut for some time. Maybe the market has gotten ahead of itself in terms of the extent of the easing cycle. It had gotten ahead of itself a few times, I would say, in terms of when the easing would start, how deep the cuts would be, how fast and thick they would come.

Amit Shah on Saturday said that the government is committed to completely eradicate Naxalism from the country before March 2026. Speaking at the anti-naxal review at Raipur in Chhattisgarh, Shah added that a Special Investigation Agency (SIA) of the states will be set up for investigation and prosecution on the lines of National Investigation Agency (NIA) and the state government will come up with a new surrender cum rehabilitation policy.

floods that inundated vast areas of the low-lying South Asian country, disaster officials said. The floods were triggered by heavy monsoon rains and have killed at least 42 people in Bangladesh and India since the start of the week, many in landslides. «My house is completely inundated,» Lufton Nahar, 60, told AFP from a relief shelter in Feni, one of the worst-hit districts near the border with India's Tripura state. «Water is flowing above our roof. My brother brought us here by boat. If he hadn't, we would have died.»

Ben Affleck had been living apart for several months, many were surprised by Jennifer Lopez's August 20 divorce petition. Reports claiming the pair lacked a prenuptial agreement shocked many, even if the breakup itself wasn't shocking. Although the couple eloped to Las Vegas in July 2022 and were officially married in Georgia a month later, a close source of Lopez's told various media sites that the pair might not have such an arrangement. Legal professionals, however, find this assertion doubtful, as per the reports of Yahoo entertainment.

Nagaland government has hinted at Partial Lifting of Liquor Prohibition Law. State cabinet meeting on Thursday hinted at partial lifting of the Nagaland Liquor Total Prohibition Act, 1989 and the matter is likely to be discussed during the Nagaland Monsoon Assembly session. Nagaland is a Christianity dominated state. Spokesperson of the Nagaland Government and Minister for Power & Parliamentary Affairs, K.G. Kenye said, “The government is likely to revisit the issue. And depending on the majority of the members the government might bring up this case in the state assembly for some amendments.”

In many communities people turn to diesel or gasoline generators for temporary power when extreme weather brings power outages

Jennifer Lopez officially filed for divorce from Ben Affleck, her fourth husband, on Tuesday. According to Page Six, Ben Affleck and Jennifer Lopez's problems started during their honeymoon in Lake Como, Italy. During their honeymoon, the couple went on a number of public engagements that were jam-packed with shopping and PDA and cameras were there to document it all. He didn't like that photographers were pursuing them everywhere. He pretended to be surprised that they would be followed around, even though she is a popular celebrity, the source claimed. According to sources, Affleck and Lopez had issues from the beginning of their marriage. They would hardly speak to each other during what was supposed to be the happiest time of their lives when they weren't in front of the cameras. He convinced her that he had changed, but that didn't last long. An additional insider reported that as soon as his sobriety started to settle in with normality, Affleck realized that their rekindled puppy love was not real after all. He was just getting sober when they resumed their relationship. Regardless of how their chemistry contributed to his vulnerability, the insider claimed that he was acting agitated. Also Read: Why was a bleeding passenger forcibly removed from an American Airlines flight?

Heramba Sankashti Chaturthi is a significant Hindu festival dedicated to Lord Ganesha, the remover of obstacles and the god of wisdom. In 2024, Heramba Sankashti Chaturthi is being observed on August 22nd. Heramba Sankashti Chaturthi is particularly special because it honors Lord Ganesha in his five-headed form, known as Heramba. This day holds special importance as it is believed that worshipping Lord Ganesha on Sankashti Chaturthi brings peace, prosperity, and success, while also removing all hurdles from the devotee's life. Devotees typically observe the fast on this day and perform rituals in the evening, especially during the moon rise time.

By Ted Rechtshaffen and Michelle Hung

Approvals for new coal-fired power plants have dropped sharply in China after a flurry of permits in the previous two years raised concern about the government’s commitment to limiting climate change

₹5 lakh cash or cash equivalent for either buying or selling options," said Rajesh Baheti, director, Crosseas Capital, one of India's largest arbitrage and jobbing firms. “Another suggestion is to have multiple index products expire on the same day in place of having just a single expiry per week per exchange." Baheti said these were part of his comments to Sebi's 30 July consultation paper titled “Measures to strengthen index derivatives framework for increased investor protection and market stability". Three of the most important recommendations of Sebi’s Secondary Market Advisory Committee (SMAC) are to increase the initial margin to trade, have only a single product expiry per week per exchange, down from the current five indices which expire each day of week, and increase in contract size from ₹5-10 lakh currently to ₹25-30 lakh.

India and Malaysia on Tuesday decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies. Ibrahim began his three-day visit to India on Monday night. It is his first visit to India as prime minister. The larger focus of the Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.

Alimentation Couche-Tard made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co, in what would be the biggest foreign takeover of a Japanese company. A merger would create the world's top operator of roughly 100,000 convenience stores. Valued at the equivalent of $31 billion before news of the offer emerged, Seven & i shares jumped 23% on Monday. The company said the bid was preliminary and non-binding, without disclosing terms. A special committee of independent outside directors will make a «prompt, careful and comprehensive review of the proposal,» Seven & i said in a statement Monday. Couche-Tard confirmed it made a «friendly, non-binding proposal» but gave no details, and said it's not certain an agreement will be reached.