Financial Financial News

The investing puzzle How many of us understand the right asset allocation to have in accordance with our risk profiles, time to the goal, liquidity needs and return expectations? India has more than 1,500 mutual fund schemes, over 400 portfolio management services (PMS) providers, 200-plus alternative investment funds (AIFs), more than 500 non-convertible debentures (NCDs) and bonds, over 100 fixed deposit options and thousands of other investment products. How does one decide which ones to invest in and which ones to avoid? The problem does not stop at deciding the right asset class or product category, but also zeroing in on specific funds, asset management companies and fund managers. For example, in the last three years, the worst-performing small cap fund gave 27.5% annualized return, but the best gave 47.7% annualized returns.

By Nupur Anand

TTK Prestige with a target price of Rs 830. The current market price of TTK Prestige Ltd.

Bajaj Electricals with a target price of Rs 1470. The current market price of Bajaj Electricals Ltd.

A retired bank official has testified that Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent

A pair of advisors who had managed $390 million of client assets at Merrill Lynch moved to LPL Financial and its employee advisor channel, Linsco, the firm announced Thursday.

Click here! While ensuring just transition in the coal sector, aspirations of grass root level people have to be addressed adequately, he said. Joshi said state-owned Coal India Ltd and its arms are focused on pursuing clean coal technologies.

Coal minister Pralhad Joshi on Wednesday said a financial outlay will be announced soon to further strengthen sustainable mining in the country with a focus on green coal technology. Clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation, he said while addressing the valedictory session of National Workshop on 'Global Experience Sharing on Just Transition'.

NHPC has extended a financial aid of Rs 3 crore towards CM Relief Fund of Sikkim for the victims of flash flood. The financial aid was presented to Sikkim Chief Minister Prem Singh Tamang by L K Tripathi, Executive Director (Region-Siliguri); C R Das of Teesta-V Power Station; Lhendhup Lepcha of Teesta-IV Hydro Project along with senior officials of Teesta-VI HE project at Gangtok on Tuesday, Ministry of Power said in a statement.

The Central Bank of Nigeria (CBN) had to publicly insist that their project, one of the world’s first operating central bank digital currencies (CBDC), doesn’t threaten the country's financial stability. 

Binance Marketing Partner Rebuildingsociety has been sanctioned by the UK's Financial Conduct Authority (FCA), informing them that they cannot act on behalf of Binance for financial promotions under current law.

Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things.

Truist Financial Corp. (NYSE:TFC) is in discussions to sell its insurance brokerage to private equity firm Stone Point for around $10 billion, according to a report from Semafor on Tuesday.

The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with which crypto exchange Binance partnered for compliance with the regulator’s marketing regime. 

More states are requiring personal finance education before students graduate from high school

Britannia Industries Ltd. with a target price of Rs 5270.

A financial industry group Monday called on the SEC to withdraw a proposal targeting potential conflicts of interest related to the use of artificial intelligence by financial professionals because the regulation could harm retirement savers.

Kristina Campbell, the chief financial officer of Ripple, has left the crypto payments platform for a comparable position at the virtual healthcare provider Maven Clinic.

Adani Group media statement alleged the UK media outlet of making “renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group". “Continuing their relentless campaign, the next attack is being fronted by Dan McCrum of the Financial Times, who jointly with the OCCRP put out a false narrative against the Adani Group on 31 August 2023.

DALLAS (Reuters) — The recent rise in long-term U.S. Treasury yields and tighter financial conditions more generally could mean less need for the Federal Reserve to raise interest rates further, Dallas Fed President Lorie Logan said on Monday.

Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom.