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“Alternative investments through (AIFs) typically make up about 15-20% of their overall profile," Gautami Gavankar, CEO, Estate Planning and Trusteeship at Kotak Mahindra Trusteeship Services Limited. In an interview with ETMarkets, Gavankar said: “PMS has always been a part of the industry, but for the last couple of years, there has been a momentum in AIF,” Edited excerpts: We are inching towards the last month of 2023 – any key learnings from the wealth space that you have come across and will hold true in the coming years as we all know that we live in a dynamic environment? What are the requests that you are getting from your clients when it comes to managing wealth – are they open in taking more risks compared to the past and exploring new products? The average age of HNI and UHNI investors has been dropping, accompanied by significant wealth creation in recent years.

Yellen said former President Donald Trump's policies toward China left America «more vulnerable and more isolated» in the global economy, a rare jab by her at the front-runner for the Republican presidential nomination. Yellen, at a US-China Business Council event Thursday night, said the Trump administration «failed to make investments at home in critical areas like infrastructure and advanced technology, while also neglecting relationships with our partners and allies that had been forged and strengthened over decades.» Her comments come as the US rebuilds its relationship with the Asian superpower, including a November meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco. The two nations agreed to curb the production of illicit fentanyl, a deadly component of drugs sold in the United States, and agreed to resume military-to-military communications.

BharOS, an indigenously developed mobile operating system, is considering providing its technology for routers, said Karthik Ayyar, the founder of JandK Operations, an IIT Madras incubated non-profit organisation that has built BharOS. “We are looking at different variants of our operating system for different purposes,” Ayyar told ET.

stock market opens on Friday (December 15). The Board of Directors of Asit C Mehta Financial Services at a meeting held on December 1 approved the Rights Issue. The company has revised its record date to December 15.

farmers' troubles and Manipur violence, NDTV quoted sources as saying. As more information and developments in the case come to light, media reports suggested that at least four of the six accused were unemployed at the time of the incident. The mother of one of the accused, Neelam, said her daughter was upset over not getting a job.

Mint explains: Investors across the spectrum—retail, institutional, domestic and foreign—have been pouring money into Indian equities. Foreign investors who were on a selling spree in September and October, have begun buying in November and December. Analysts say this is largely fuelled by the BJP’s victory in recent state elections, which is seen as a sign of continued economic reforms.

₹6,005 per bbl, having swung between ₹5,797 and ₹6,020 per bbl during the session so far, against a previous close of ₹5,781 per barrel. Also Read: India bought Russian oil at $84.2/bbl in October, highest since December 2022: Report -IEA's 2024 oil demand estimate is less than half the forecast of the Organization of the Petroleum Exporting Countries and its allies (OPEC+). A weaker dollar after the US central bank signalled lower borrowing costs for 2024 also boosted oil prices.

startup raised $35 million in its Series C funding round led by Creaegis, a private equity firm, Westbridge Capital and Udaan’s Sujeet Kumar, said the report. The report added that there was no written communication informing employees about the headcount reduction, and it was all done in-person at Third Wave’s office, according to people aware of the developments.

Xcel Energy has been fined $14,000 related to leaks of radioactive tritium from its nuclear power plant at Monticello

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Customers of SmileDirectClub, the telehealth orthodontics provider of teeth-straightening aligners, have been left to fend for themselves amid a company shutdown.

A woman from Dartmouth, N.S. now holds the most academic degrees of any woman in history, making her an official world record holder, according to the World Record Academy.

Dosti Realty is foraying into the business of housing society redevelopment and is looking to invest over Rs 1,000 crore over the next 2-3 years to build its portfolio under this segment, said a top official of the company. As its maiden project involving redevelopment work, the company has secured rights to redevelop a large housing society spread over a prime 2.5-acre land parcel in Thane’s Louis Wadi locality. In addition to this project, Dosti Realty is also in the process of finalising two key cluster redevelopment projects in Mumbai. “Dosti Realty has so far focussed on greenfield large township projects…The acquisition of rights to redevelop this society in the heart of Thane is a part of the growth strategy of the company and to expand its development portfolio by foraying into the redevelopment space on a larger scale.

Envestnet Inc. is exploring the sale of Yodlee, a data aggregation firm that it bought in 2015, according to people with knowledge of the matter.

Citigroup Inc. is offering to pay some staffers a portion of their bonuses early if they agree to depart as executives continue with their restructuring of the Wall Street giant. 

When it comes to prospecting, it can be hard for advisors to find the right match. After all, there’s a lengthy process involved – from answering queries to marketing and spending hours in conversations with potential clients.

Tether (USDT), the largest stablecoin by market capitalization, may be «constrained» in its ability to maintain its peg to the U.S. dollar, S&P Global Ratings said Tuesday, citing concerns about its reserve transparency and risk appetite, among other issues.

Hero MotoCorp on Thursday announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is engaged in the business of designing, manufacturing, selling, servicing electric two wheelers.

overseas job seekers being cheated by unregistered recruitment agents by fake job offers and also overcharging to the tune of ₹2-5 lakh". The ministry mentioned that "many illegal agents operate through Facebook, Whatsapp, text message and other such mediums". It said, "These agencies provide little or no details of their whereabouts and contacts." "They usually communicate only through Whatsapp, making it difficult to ascertain the location and identity of the caller and genuineness of the job offer.

—Name withheld on request Navigating the insurance claim process in the aftermath of a fatal car accident with a pending police FIR can be intricate. However, the mandate to submit an FIR depends on multiple factors related to the accident. Inform the insurer promptly, if you already haven’t so that they can provide the family with right and timely assistance.

H-1B visa allows US businesses to hire foreign skilled labours in specialised occupations. The USCIS stated that it has received a sufficient number of petitions to meet both the regular cap of 65,000 and the US advanced degree exemption, commonly known as the master’s cap, set at 20,000. This means the allotted H-1B visas for fiscal year 2024 have been exhausted.