Gap Financial News

A new study by Corebridge Financial reveals that while many Americans possess a basic understanding of life insurance, that still leaves a lot of room for client education and awareness-building.

Shriram Finance Ltd. traded at Rs 2910.0 on BSE at 12:58PM (IST) on Wednesday, up 0.59 per cent from previous close. The scrip quoted a 52-week low price of Rs 1759.2 and a high of Rs 3058.95.

Millennials are now wealthier than previous generations were at their age. They can’t believe it either.

Tata Elxsi Ltd. gained 0.27 per cent to Rs 6807.15 in Wednesday's session as of 12:07PM (IST) even as the equity benchmark Sensex traded 164.96 points higher at 79120.99. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 9191.1 and a 52-week low of Rs 6406.6 on NSE. Around 1466 shares changed hands on the counter till 12:07PM (IST).

union budget has widened the gap between PMS and MF in income tax terms, many suspect that HNI investors may be encouraged to tilt more towards mutual funds due to their tax-friendly nature. In the union budget announcement, there was an increase in capital gain tax. The short-term gains on specified financial assets was changed to 20% instead of the previous 15%. The long-term gains on all financial and non-financial assets was changed to 12.5% from 10% earlier. The difference in tax rate which earlier was 5% has been widened to 7.5% post budget announcement. “On taxes, PMS does poorly compared to MFs, which is a significant drawback. Unlike PMS, where taxes are applied even if investors do not liquidate but fund managers make changes to the portfolio, mutual funds only impose short-term or long-term capital gains on investors when they sell their units. With an average turnover ratio of 50% in PMS, there is an extra 1-2% tax obligation on total assets,” said Amar Ranu, Head-Investment Products & Insights, Anand Rathi Shares and Stock Brokers.

third party vendors by financial institutions. Speaking at a convention organised by the International Association of Deposit Insurers, RBI deputy Governor J Swaminathan called upon banks to exercise caution to guard them against potential vulnerabilities while working with third party vendors. He also called upon deposit insurers to tie insurance premiums to the level of risk posed by individual financial institutions. “The digital transformation in banking has also led to a multitude of distinct third-party entities getting involved in the provision of a single product or service, creating a complex web of technical and operational dependencies,” said J Swaminathan, DG, RBI. “The impact of failure in any link in this chain can often be catastrophic as was seen in a global IT services outage incident last month. Third parties could be points of intrusion for ransomware and other cyber threats.” Last month, C-edge Technologies a third party IT vendor jointly owned by Tata Consultancy Services and State Bank of India faced a

While Fire Country has already been renewed for a third season, the question on many viewers' minds is whether Season 2 will make its way to Netflix and how they can watch it online.

The country’s two main railways and their workers remain at loggerheads over scheduling, safety or salaries — depending on who you ask — as the clock ticks down on contract negotiations.

Cities seldom launch big-ticket infrastructure projects to host a political convention, but landing the high-profile events often provides a nudge to speed up construction

The company will acquire a 55% stake in the US-based global private credit manager, in exchange for cash and company stock in a deal. Janus Henderson CEO Dibadj on leveraging acquisitions to 'fill in the gaps' Janus Henderson CEO Ali Dibadj spoke to Investment Week earlier this month about how he wanted to utilise acquisitions to fill in the «gaps across the organisation», which has recently focused on privates. The company purchased private credit business NBK Wealth back in May and with the deal set to complete before the end of the year, the VCP acquisition is the latest expansi...

Varun Beverages Ltd. traded at Rs 1482.75 on BSE at 01:45PM (IST) on Tuesday, up 0.58 per cent from previous close. The scrip quoted a 52-week low price of Rs 828.2 and a high of Rs 1707.1.

Shriram Finance Ltd. traded at Rs 2895.2 on BSE at 01:55PM (IST) on Tuesday, down 2.74 per cent from previous close. The stock quoted a 52-week low price of Rs 1759.2 and a high of Rs 3058.95.

Siemens Ltd. traded at Rs 7017.85 on BSE at 01:24PM (IST) on Tuesday, up 1.34 per cent. The stock quoted a 52-week low price of Rs 3248.0 and a high of Rs 7974.25. Earlier in the day, the stock saw a gap down opening.

The company will acquire a 55% stake in the US-based global private credit manager, in exchange for cash and company stock in a $6bn deal. Janus Henderson CEO Dibadj on leveraging acquisitions to 'fill in the gaps' Janus Henderson CEO Ali Dibadj spoke to Investment Week earlier this month about how he wanted to utilise acquisitions to fill in the «gaps across the organisation», which has recently focused on privates. The company purchased private credit business NBK Wealth back in May and with the deal set to complete before the end of the year, the VCP acquisition is the latest ex...

Indian regulators and policymakers have amplified their call for banks to become innovative in raising deposits. This low-cost source of funds is trailing the pace of bank lending, and if credit-deposit gaps persist, lenders would either need to rely more on costlier sources or go slow on credit, which could drag the growth of our economy back. Over the weekend, finance minister Nirmala Sitharaman exhorted banks to pre-empt such a scenario.

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.

After enduring substantial financial losses during the covid-19 pandemic, Gagneesh Kumar, a plant manager from Rudrapur, Uttarakhand, is reassessing his investment strategy as he nears his mid-40s.

It has built sector scorecards by analysing data of NSE-listed companies from FY 2022-23 annual reports. The data shows that banks, financial services, information technology and services companies have a larger representation of women workers than other sectors. But there were some interesting point to note at different levels of roles, on retention and implementing enabling policies to help more women find meaningful career pathways. The report points out that leading global and Indian companies have initiated several programmes for women employees. But the IT sector continues to face a significant gender gap in leadership positions. The report highlights that women in leadership and at board level are at 22%, lower than the 34% at the overall employee level. The retention rates and return-to-work after parental leave rates are closer to the average of NSE companies. It's important to focus on targeted talent development and progression planning for women employees, says the report. This could include implementing two-way feedback sessions, providing learning opportunities and facilitating networking with senior leaders. Additionally, creating customised sponsorship or mentorship programmes can help support women’s career growth.

ACC Ltd. traded at Rs 2327.4 on BSE at 01:59PM (IST) on Monday, down 0.99 per cent. The stock quoted a 52-week low price of Rs 1803.8 and a high of Rs 2843.0. Earlier in the day, the stock saw a gap down opening.

Pidilite Industries Ltd. traded at Rs 3058.85 on BSE at 01:55PM (IST) on Monday, down 2.34 per cent from previous close. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3277.8.

Au Small Finance Bank Ltd. traded at Rs 611.2 on BSE at 01:49PM (IST) on Monday, down 2.3 per cent from previous close. The scrip quoted a 52-week low price of Rs 554.0 and a high of Rs 813.0.