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Asia Dragon began the hunt for a new manager in May as it underwent a strategic review launched over the vehicle's weak performance. Asia Dragon trust hunts for potential new manager months after merger At the time, the board said it was «interested to consider proposals from established fund management groups» with experience of similar equity strategies, and in an update today (28 October), said it has received interest from a «large number» of prospective firms. On the Invesco Asia team, abrdn said it was «impressed by the distinctive and disciplined value-oriented investment ap...

Hindustan Zinc Ltd plans to pare its debt by a third by the end of this financial year bolstered by additional cash flows after a likely relatively robust performance in the October to March period. The country’s largest producer of zinc, lead and silver expects to reduce its debt to about Rs 2,000 crore by March-end from about Rs 6,000 crore at the end of the September quarter, chief financial officer Sandeep Modi told analysts after the company’s quarterly earnings. “…we have already generated free cash flow of Rs7,000 crore in H1, and normally H2 remains better. So, I think it's only a timing difference,” he said.

Ambuja Cements on Monday reported a standalone net profit of Rs 501 crore in the second quarter ended September 2024, which is a fall of 22% year-on-year (YoY) from Rs 644 crore reported in the previous year quarter. Revenue from operations, meanwhile, increased 6% YoY to Rs 4,213 crore in the July-September 2024 period, compared with Rs 3,970 crore in the last year period.

Subscribe to enjoy similar stories. Have you heard the saying, ‘People don’t leave their organizations, they leave their boss’? Unfortunately, there is some truth in that. Some bosses just seem to have a knack for pushing all the wrong buttons—from yelling and bullying to inventing fake deadlines or making you cancel your vacation for something trivial.

Subscribe to enjoy similar stories. Remember the story of the man who killed the golden goose? In his greed to get more, he kills his steady source of gold. Some investors tend to make a similar mistake when they invest all their money in growth stocks, chasing only big gains.

ET Intelligence Group: Consumer companies — HUL, ITC, Tata Consumer Products, Nestle India, Colgate Palmolive, Godrej Consumer Products and Varun Beverages — have announced their September quarter performance. Those such as Dabur and Marico have shared an update on their quarter performance. Others such as Zomato and Pidilite having large B2C business have also announced their latest quarter results. SUBDUED CONSUMER DEMAND DID NOT IMPACT ALL While the topline performance of companies such as Dabur, HUL and ITC was impacted by the moderation of consumer demand – especially in urban India, it was not so in case of others like Varun Beverages, Godrej Consumer Products (India business), Colgate Palmolive (India), Pidilite and Zomato.

Haryana, the BJP is leaving no stone unturned to oust the Hemant Soren-led government in the eastern state. Senior BJP leaders are camping in the state, keeping a close watch on the day-to-day campaigns. A BJP victory in Jharkhand will send out a message that the party has regained momentum after the Lok Sabha setback. Meanwhile, Jharkhand CM and JMM leader Soren is trying to achieve what no other party has managed in the state so far — a repeat of the government. Assembly polls will also be a test of Soren’s popularity among the tribal voters, as some senior tribal leaders are leaving the party to join the BJP. For Congress, the election is all about gaining relevance after the Haryana setback and repeating its 2019 performance, when the party won 16 assembly seats. In a bipolar election with both alliances having a consolidated vote bank in their favour, a slight shift towards any alliance can change the game. ET lists some factors at play in the upcoming assembly polls:

US election 2024 campaign is all set to witness Kamala Harris and Tim Walz crisscrossing the United States to visit all seven battleground states — Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin — in the coming days. This is part of Democratic Presidential and VP candidates' final blitz before the November 5 polling day and a direct message to Donald Trump. Harris, the Democratic presidential nominee, will spend Sunday in Philadelphia, attending church services in the morning and visiting a barbershop. The vice president also plans to stop at a Puerto Rican restaurant and a youth basketball facility, as per an AP report. On Monday, Walz, the Minnesota's governor who is Harris' running mate, will campaign in Manitowoc and Waukesha, Wisconsin, before a joining Harris for a rally in Ann Arbor, Michigan, where the singer Maggie Rogers is scheduled to perform.

Subscribe to enjoy similar stories. Five years after she founded the three-day Brillante Piano Festival in Kohima, Nagaland, Khyochano TCK feels she can finally catch her breath. The fifth edition, which was held at the end of September, had pianists from 18 countries performing and, for the first time, it was held outside of Nagaland.

Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. The award, presented by Global Finance in Washington D.C., USA, recognised RBI Governor's excellent performance and effective leadership in steering India's apex bank through complex economic challenges. In a social media post on X, RBI posted, «Governor @DasShaktikanta received the award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event held today in Washington DC, USA.»

DLF is expecting Rs 26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand, its MD Ashok Tyagi said on Saturday. DLF has done a pre-launch of its 17-acre super-luxury housing project The Dahlias at DLF 5, Gurugram, and has received a good response from the customers. It received RERA approval at the beginning of this month to launch this project. The company will develop around 420 ultra-luxury apartments in this project. The minimum size of an apartment is 10,300 square feet. In a conference call with market analysts, DLF MD Tyagi informed that the company expects a revenue of Rs 26,000 crore from this super luxury project.

physical disabilities, especially among elders, leading to difficulties in performing activities of daily living (ADL), reported TOI. The study was conducted in the US with 15,411 participants over an average follow-up period of about eight years. It found that at least 48 per cent of the participants aged 65 years and above reported new difficulties in performing daily activities due to exposure to pollution. The researchers discovered that higher concentrations of particulate matter (PM2.5 and PM10-2.5) and nitrogen dioxide (NO2) were associated with increased risks of ADL disability. However, not all associations reached statistical significance. Moreover, ozone (O3) was found to be associated with a lower risk of ADL disability.

office space market in India is set to break records in 2024, with absorption projected to exceed 70 mn sq. ft., according to Savills India, a global real estate advisory firm. The demand reached 55.1 mn sq. ft. between January and September 2024, marking a 30% year-on-year (YoY) increase across six major cities. The Year-To-Date (YTD) leasing activity has set a new benchmark for the January-September period, aligning with 2022’s full-year performance. With only 7 mn sq. ft. remaining to surpass 2023’s total, 2024 is expected to achieve absorption levels in the range of 70-74 mnsq. ft.

financial markets have delivered impressive returns, rewarding investors handsomely. Even portfolios that underperformed compared to benchmarks like the Sensex or Nifty likely still outpaced other asset classes. Indian stock markets posted strong gains, with Nifty 50 and Sensex delivering 11-12% annualized returns over 5 years and 15-16% over 3 years. Mid-cap and small-cap indices outperformed, offering 12-20% returns. Real estate showed moderate growth, with residential properties yielding 3-6% and commercial real estate 8-12%. Gold surged, providing 8-12% returns, while debt instruments and fixed deposits offered lower but stable returns of 4-7%. Equities clearly outperformed. But as we celebrate these gains, Diwali 2024 brings with it an important reminder: the need to re-evaluate and refresh our investment portfolios. No matter how successful the past has been, the spirit of Diwali encourages us to let go of the old, stale, and non-performing elements—making room for a fresh start.

gold and specific stocks for the upcoming Samvat year are also common. However, analysis of past data shows no clear evidence that investing during this time delivers better or worse returns compared to any other time of the year. Therefore, investment strategies in stocks, mutual funds, or gold should be planned with this in mind. For individuals receiving a performance bonus or incentive at Diwali, it is a good time to invest most of it and spend a portion on luxuries that may make the family happy. Also Read | With up to 36% average return since last Diwali, this Bandhan fund tops smallcap MF returns chart

Amazon Great Indian Festival Diwali Sale: Grab more than 80% off on tablets and accessories from Apple, Samsung and moreThinking of buying a new gaming laptop? Explore from the best options available from brands like Asus, Lenovo, MSI and more. Amazon Diwali Sale is the best opportunity to buy a laptop with better hardware at huge discounts.Invest in a good gaming monitor with vibrant OLED panel or a fast IPS panel to elevate the gamign experience.

According to Fox News, President of Liberties Journal Bill Reichblum claimed that Joe Biden heavily struggled to complete simple sentences and often repeated himself during speeches of fundraisers in the year 2023 which led to severe concerns regarding his mental state. Also Read: Mel Gibson endorses Donald Trump, criticises Kamala Harris, says she has IQ of a fence post

Sathyam Sundaram, originally released as Meiyazhagan in Tamil, is now streaming on Netflix. Directed by C Prem Kumar, this family drama has garnered positive reviews and is making waves among South Indian cinema fans. Here’s everything you need to know about this engaging film.

Amazon Diwali Sale Dhamaka Offers: More than 50% off on water heaters from Havells, Haier and moreThe Amazon Great Indian Festival is here with incredible deals on top-rated air fryers. These air fryers help you make healthier, oil-free meals without compromising on taste.

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Subscribe to enjoy similar stories. Donald Trump’s businesses are as volatile as ever, but he is on firmer financial footing than he has been in recent years. Compared with 2020, however, victory or defeat in this year’s election will have more significant implications for the former president’s wealth, as well as his legal situation.