Gatherings Financial News

According to monthly Calastone's Fund Flow index (FFI), February 2024 was the best month for equity fund inflows since May 2021, and the fourth best month on record. February also marked the fourth consecutive month of positive flows into equities, totalling £6.3bn since November 2023. This has already replenished almost 75% of the £8.6bn withdrawn over the previous 18 months. Equity funds gather highest inflows in three years as investor confidence returns In terms of distribution, February flows have been «highly concentrated», the FFI found, with £2.5bn paid into North Americ...

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NEW DELHI : India’s external affairs minister S. Jaishankar on Tuesday pitched for South Korea to participate in India-led initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Indo-Pacific Oceans Initiative. Jaishankar is in South Korea for a two-day visit, during which he will chair a joint commission meeting with his Korean counterpart.

₹19,600 crore at Chandikhole in Odisha's Jajpur district, and said the Bharatiya Janata Party (BJP)-led Centre was trying to complete projects ‘rapidly’. The new projects related to sectors such as oil and gas, railways, road transport, highways and atomic energy. During the event, PM Modi said the previous governments had never shown interest in the timely completion of projects, adding that those projects that remained stuck in the previous governments' time were completed under the tenure of the BJP-led Centre in the past 10 years.

Calcutta High Court Judge Abhijit Gangopadhyay today announced that he is joining BJP, hours after resigning as judge of Calcutta High Court. Earlier in the day, Justice Abhijit Gangopadhyay announced his resignation from the Calcutta High Court, citing personal reasons. Several lawyers and litigants requested Justice Gangopadhyay to reconsider his resignation, expressing their gratitude for his judicial service. Mitali Das, a litigant from Bolpur in Birbhum district, traveled nearly 180 km to Kolkata to plead with folded hands, tears streaming down her cheeks. Das, a mother in need, recounted receiving crucial medical aid for her daughter through Justice Gangopadhyay's court orders. Witnesses described emotional scenes in the courtroom, with another woman likening Justice Gangopadhyay's courtroom to a sacred temple. Amidst heartfelt appeals, some lawyers urged him to extend his tenure until his scheduled retirement later this year.

China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings

Malaysia’s prime minister has spoken up in defense of his administration's ties with China and complained over alleged pressure by the United States and its allies on regional nations to take sides in the West’s strategic rivalries with Beijing

A key hearing over the future of Puerto Rico’s crumbling power company and its staggering $9 billion debt has begun following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments

PM Modi responds to Lalu Prasad Yadav's 'family' jibe, says 'entire country...' Addressing a gathering at the 'Namo Yuva Maha Sammelan' organised by Bharatiya Janata Yuva Morcha (BJYM) in Maharashtra's Nagpur, Smriti Irani said, "The fodder thief of INDI alliance said that he (PM Modi) has no family, I want to tell him that, we are 'Modi's parivaar', these youths are 'Modi's parivaar'...nobody will be able to touch even a hair of that person whose family are 140 crore people of India". Irani referred to Yadav as a 'fodder thief' as the RJD leader was found guilty of the infamous ₹139 crore 'chara ghotala' Meanwhile, Patna Police has registered a case against Lalu Yadav and his son Tejashwi Yadav over their statement against PM Modi.

public market rally despite high stock valuations has made the promoters of Hyderabad-based Sai Life Sciences explore an initial public offering as an alternative to their original plan of roping in a private equity investor, people in the know said. A public listing would also give an exit route to existing financial investors including TPG Capital, the people said. The sole contender for the stake, Bain Capital, also has been re-evaluating its plan, especially due to the $800 million to $1 billion (₹6,500-8,300 crore) valuation that the promoters, the Kanumuri family, have been expecting for the pharmaceutical contract research, development and manufacturing organisation, they said.

Hamas committed rape, «sexualized torture,» and other cruel and inhumane treatment of women during its surprise attack in southern Israel on October 7. There are also «reasonable grounds to believe that such violence may be ongoing,» said Pramila Patten, who visited Israel and the West Bank from January 29 to February 14 with a nine-member technical team.

Finance Minister Nirmala Sitharaman on Monday asked GST officers to leverage technology to plug loopholes and provide better taxpayer services. Inaugurating the first-ever National Conference of Enforcement Chiefs of the State and Central GST Formations, Sitharaman advocated for sharing of the emerging best practices, emphasising the need for seamless coordination across states in the larger national interest. «The Union Finance Minister urged all the GST formations to leverage technology to plug the loopholes as well provide better taxpayer services,» an official statement issued after the meeting said. She also stressed that clarity on the classification of related issues should be looked into at the earliest through appropriate channels.

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Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India's first green hydrogen plant within the stainless steel sector in a landmark moment for India's industrial landscape. The inauguration ceremony marked a milestone in India's journey towards sustainable industrial practices, with the Jindal Stainless' Green Hydrogen project paving the way for a greener, eco-friendlier future. Speaking at the inauguration ceremony, Minister Scindia expressed his immense pleasure at inaugurating the first green hydrogen plant, which symbolizes the collaborative efforts of two innovative powerhouses, Jindal Stainless and Hygiene Co.

'Be cautious,' PM Modi's warning to ministers on dangers of deepfakes ahead of Lok Sabha polls 2024 Prime Minister Narendra Modi will visit the national park on March 8 and 9. He is expected to arrive at the park on March 8 evening and will stay at night. The Prime Minister during the stay, is likelt to enjoy a jungle safari within the Kohora range of the park.

Day 3 of Anant Ambani-Radhika Merchant's pre-wedding gala: Several inside photos and videos from the pre-wedding celebrations of Radhika Merchant, the daughter of industrialist Viren Merchant, and Anant Ambani, the youngest son of Reliance Chairman Mukesh Ambani, are out. The extravagant three-day pre-wedding celebrations of Radhika and Anant began on March 1 and wrapped up on March 3. The couple crafted their own unique rituals preceding their grand ceremony.

Farmer leaders Sarwan Singh Pandher and Jagjit Singh Dallewal on Sunday gave a call to the farmers across the nation to reach Delhi on March 6 for a protest while they also gave a four-hour 'rail roko' countrywide call for March 10 in support of their various demands. The two farmer leaders asserted that the farmers' ongoing agitation will be intensified at the existing protest points and will continue till their demands are met by the government. They were speaking in Bathinda district's Balloh village, the native village of a farmer who died recently during clashes with the Haryana security personnel in Khanauri. Kisan Mazdoor Morcha (KMM) are spearheading the 'Delhi Chalo' march by the farmers to press the government to accept their demands, which includes that the Centre should give a legal guarantee of the Minimum Support Price (MSP) for the crops.

China’s woes. Just over a year ago, Mr Xi abandoned his strict “zero-covid" measures, which had been in force for nearly three years and had led to ever more frequent lockdowns. But the country did not experience what Mr Xi described in his speech as a “smooth transition".

youth employment, was of «great concern» to its delegates on the eve of annual legislative meetings in Beijing. Thousands of delegates from across the country will convene in Beijing on Monday for the start of the ruling Communist Party's yearly conclave, known as the "Two Sessions".

Examining your investment portfolio is a vital measure to ensure it stays aligned with your financial objectives. As life circumstances evolve, such as the addition of dependents or approaching retirement, your risk tolerance may change. Conducting regular reviews allows you to evaluate whether your portfolio still corresponds to your present level of risk comfort. As your financial goals develop, it’s essential to reassess your portfolio to guarantee its ongoing alignment with your long-term plans, be it saving for a home, retirement, or other aspirations.

Lok Sabha elections on Saturday. Prime Minister Narendra Modi is set to run for the Lok Sabha elections from Varanasi once more, as per the first list. Among the 195 candidates, 34 individuals hold ministerial positions at both the Central and State levels.