FIVE Financial News

trading at their 52-week lows. Investing in a falling stock is akin to catching a falling knife that has burned many, with investment values plummeting further. Therefore, buying the dip demands careful consideration.

mutual funds. If you haven’t read it, you can read it here: Why do some new investors hesitate to invest in mutual funds? Now, we will discuss why new investors must consider investing in mutual funds to take care of their various financial goals. Mutual funds are professionally managed The biggest advantage of investing in mutual funds is the presence of a professional fund manager. When you invest in a mutual fund scheme, a fund manager will take care of the investment decision. You don’t have to worry about the investment options and weigh their pros and cons. You can pay a small fee and hire a fund manager to do the job. Some of these fund managers and fund houses have vast experience managing people’s money.You can invest as little as Rs 100

Business Line, the demand put forward by bank employee unions to declare all Saturdays as a bank holiday has been accepted by India's Bank Association on the 28th July meeting. Now, the representative body of management of Indian banks has forwarded the petition to the Ministry of Finance for its approval.

Kotak Mutual Fund has launched Kotak S&P BSE Housing Index Fund, an open-ended scheme replicating/tracking S&P BSE Housing Index. The new fund offer of the scheme is open for subscription and will close on August 21. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment units on or before. The scheme will be benchmarked against S&P BSE Housing Index (Total Return Index). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.

Kalgoorlie | Liontown Resources has won backing from a coalition of government finance agencies in Australia, South Korea and the US to bridge a $300 million funding shortfall for its flagship lithium project in Western Australia.

Bank of Baroda's share price traded with minimal gains in the morning session on BSE on Monday, suggesting that investor sentiment was not too optimistic following the release of the bank's June quarter (Q1FY24) financial results. The stock opened almost flat at ₹191 against the previous close of ₹191.45 and rose by almost a per cent to the level of ₹193.10. Around 10:25 AM, the stock was 0.84 per cent up at ₹193.05 on BSE.

“We currently have an overweight position in India in our EM portfolio. But that wasn’t always the case. We launched the portfolio 5 years back with a marginally underweight position in India,” says Nikhil Rastogi, Portfolio Manager at Kabouter Management which has an AUM of $1.6 bn.

Manipur Violence LIVE: Manipur had been on the boil for the last three months after ethnic clashes broke out between two tribal communities Meities and Kukis, when the Manipur High Court asked the state government to consider adding one of the communities to the list of Scheduled Tribes. The Supreme Court will resume hearing the petitions related to the Manipur violence case from today.

Alliance. Ten additional companies of central troops reached Manipur on Monday. These include five from Central Reserve Police Force, three from Border Security Force, and one each from Sashastra Seema Bal and Indo-Tibetan Border Police as per the HT report.

Reliance Industries: Reliance Industries Ltd (RIL) has sought the nod of shareholders to appoint Mukesh Ambani as chairman and managing director of the company for another five years till 2029. During this period he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years of age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar, according to a PTI report.

Sebi has launched a backstop facility for debt funds to help them tide over a liquidity crunch in times of market dislocation. Here’s all that you need to know about the fund.Why is there a need for a rescue fund? Remember the Franklin Templeton mutual fund debt fund fiasco of 2020? Six of its debt schemes had to be wound down after a severe market dislocation dried up liquidity in their underlying holdings. This prevented the fund house from meeting a wave of redemptions without undertaking a fire sale.

The founding director offailed potash company Kalium Lakes has asked market regulators to probe the role a federal agency played in Friday’s corporate collapse, which has put the recovery of more than $204.5 million of Australian and German taxpayer funds in serious doubt.

Hiring by India’s top IT exporters is expected to drop by nearly 40% on-year in the current fiscal, underscoring the demand uncertainty and slowdown in technology services that is weighing down the $245-billion industry.IT services majors are estimated to hire between 50,000 to 100,000 employees during fiscal 2024, according to data from staffing firm Xpheno. This will mark a precipitous decline from the net hiring of over 250,000 by these companies in the previous year.

Netflix has added a lot of latest movies and shows recently to its platform in the United States. This exercise is undertaken regularly to keep the interest of the viewers alive.

moon mission Chandrayaan-3, a day after inserting it into the lunar orbit. The space agency said it will carry out the next such operation on August 9. «The spacecraft successfully underwent a planned orbit reduction manoeuvre. The retrofiring of engines brought it closer to the moon's surface, now to 170 km x 4,313 km. »The next operation to further reduce the orbit is scheduled for August 9, 2023, between 1300 and 1400 hrs IST," ISRO said on Sunday. There will be three more moon-bound manoeuvres till August 17, following which the landing module, comprising the lander and rover, will break away from the propulsion module.

DMart has no plans to enter wholesale retailing as of now, but we are very clear that we are a first grocery format and will work harder to add more stores to grow faster, says Neville Noronha, CEO of Avenue Supermarts which owns the DMart retail chain and has been lately grappling with slower growth rates. Retailers have also been recently rushing in to open value-format stores which have impacted DMart’s apparel and general merchandise segment. Interestingly, retailers are opening shops close to DMart stores to take advantage of the huge footfalls that the discount format attracts.

Investment in Australia’s film and television sector has more than doubled in five years, with revenues across the industry rising to $4.6 billion in the year to the end of June 2022.

Foreign buying of Japanese equities has exceeded that of Chinese peers for the first time since 2017, according to a Goldman Sachs Group Inc. report, which cited data for the first six months of the year. Long-only managers continued to sell stocks in China and Hong Kong on a net basis in July despite a sharp rally, while buying shares in Japan, strategists at Morgan Stanley wrote in a report last week.

HDFC Bank picked up about 1 lakh sq ft office space spread across two towers of Blackstone Group backed Nucleus Office Parks' commercial complex One International Center in Mumbai's business district Lower Parel through a long-term lease of five years, said persons with direct knowledge of the development. The deal is the first real estate transaction by the bank following after its merger with the group's non-banking finance company Housing Development Finance Corporation (HDFC), indicating the need for additional space for expanded operations. «The new office will be used for consolidation and expansion of the bank's operations including financial services and credit cards.

NEW DELHI : An overwhelming majority of personal income tax filers have opted for the old tax regime that allows a host of tax exemptions, but the new regime with more flexible tax rates and fewer exemptions is beginning to attract more takers, according to professionals who assist taxpayers in filing their returns. In the just-concluded season for personal income tax return (ITR) filing, 85% of individuals have opted for the old regime, and the rest for the new regime, showed an analysis by leading fintech software as a service (SaaS) company Clear (formerly ClearTax), based on data of tax returns filed using its tax return filing service.

US Federal Reserve will tread carefully while balancing these risks and prefer to stay on hold for long—reinforcing higher for longer approach. Meanwhile, given higher inflationary pressure in Europe, we expect the European Central Bank to hike by 25 basis points and the Bank of England by 50-75 basis points . A basis point is one-hundredth of a percentage point.