Performer Financial News

In the year to 30 June, net asset value total return for the £1bn trust was up 1%, compared to a 13% return from the FTSE All Share index, in sterling terms. Meanwhile, its share price total return fell 0.6% as the discount widened to 5%.  Key factors negatively affecting performance over the year were equity downside protection strategies, given the continued market surge, and yen exposure, due to the persistent weakening of the yen, which made up 9.7% of the portfolio as of 30 June, according to the managers Duncan MacInnes and Jasmine Yeo. Positive contributors included gold, equit...

Asset management firms are unlikely to be replacing their portfolio managers with artificial intelligence any time soon, according to research from Moody’s Ratings.

newly filed patent, titled "Embedded Sensors in Immersive Reality Headset to Enable Social Presence," suggests that Meta is planning either a redesign of its existing Quest headset or the development of an entirely new model that incorporates this advanced technology. Unlike Apple's EyeSight feature, Meta's version might also include health sensors embedded in the face interface, potentially offering additional benefits to users.Apple's EyeSight feature, lauded for its ingenuity, allows users to stay connected with their surroundings even while immersed in virtual environments.

Reasons to BuyReasons to AvoidThe INALSA Wet and Dry Vacuum Cleaner is a versatile home cleaning machine with a 15-liter capacity and 1400 W power. It features a HEPA filter, powerful suction of 20 kPa, and a blower function for cleaning hard-to-reach areas. This vacuum can handle both wet and dry messes, making it ideal for various cleaning tasks.

Verna, Creta and Tata's Nexon, Punch.Hyundai Verna On-Road Price RangeThe Hyundai Verna has garnered popularity as a sporty mid-size sedan taking on heavyweights like the Honda City and Maruti Ciaz. Its introductory pricing combined with regular updates spanning styling and features make it an excellent value luxury sedan.● Hyundai Verna Base Variant Price - ₹12.68 lakh● Hyundai Verna Top Variant Price - ₹20.02 lakhWith the choice between efficient 1.5L petrol and spirited 1.5L Turbo petrol engines, you have both efficiency and performance covered.

MUMBAI : Kotak Mahindra Bank Ltd’s reported profit jumped sharply during the first quarter of FY25 (Q1FY25), thanks to its insurance arm stake sale. Standalone net profit rose as much as 81% year-on-year to ₹6,250 crore, aided by an exceptional gain after the bank divested 70% stake in Kotak General Insurance to Zurich Insurance. Excluding the stake-sale gains, the bank’s net profit stood at ₹3,520 crore.

Ben Zaranko, senior research economist at the Institute for Fiscal Studies, said that the sentiment from the new chancellor to avoid another Mini Budget «serves as a welcome commitment to fiscal transparency», but a future chancellor «determined to misbehave could almost certainly find a way to get around it». Rachel Reeves to introduce 'fiscal lock' law to strengthen OBR powers «The main impact of the bill, if there is one, will be to modestly increase the powers of the OBR vis-à-vis the Treasury,» Zaranko added.  As part of the new chancellor's proposed bill, any economic policy ...

budget for the financial year 2024-25. ETMutualFunds reached out to financial advisors about what mutual fund investors can expect from the Finance Minister and what changes they should make in their investment strategy.

JSW Steel fell by 2.5% to its day’s low of Rs 866 in Monday's early trade on BSE after the company reported a 64% decline in its consolidated net profit at Rs 845 crore in the first quarter. The profit missed the Street estimates of around Rs 1,254 crore. Revenue from operations in the June quarter, however, increased 2% year-on-year (YoY) to Rs 42,943 crore.

AI), trade protectionism, resource-hoarding, excess capacity and dumping, and onshoring production are restricting the potential of countries to squeeze out growth from manufacturing and services; so the agriculture sector can be a growth engine for India and the world, the Economic Survey 2024 said.

stock market, advisors have been advising investors to move cautiously. In such a scenario they believe that investing in hybrid mutual funds — schemes that invest in equity and debt — may serve investors, especially new and inexperienced investors, better. Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns. Also Read | These equity mutual funds deliver over 50% return in 9 months

Economic Survey 2023-24 will be tabled in Parliament today by Finance Minister Nirmala Sitharaman. This document reviews the economic performance of the past fiscal year and provides a future outlook. It covers India's fiscal policy trajectory, the evolution of banking and capital markets, and the performance of the manufacturing and services sectors.

Don’t go by past returns Our cover story explains why investing on the basis of past returns is not a good idea. This is especially true in case of sectoral and thematic funds. Sectors and themes tend to be cyclical in nature, and the performance depends on a host of factors, including news developments, economic conditions, global trends, government policies and market sentiments. For instance, the pharma sector was the top performer after the Covid outbreak in 2020, but it was the worst performer in 2021 and gave negative returns the next year. “That’s how cyclicality plays out,” says Chirag Muni, Executive Director, Anand Rathi Wealth.

Mutual Fund. Meanwhile, investors in struggling funds have voted with their feet. In the large-cap segment, just two funds accounted for 75% of the outflows.

health insurance coverage for their employees to include extended benefits for household help, parents and parents-in-law, and are encouraging employees to set aside 10% of their annual objectives towards health goals, which in turn will impact their variable pay and bonus. The move is designed to ensure that health benefits are not just a ‘feel-good’ mechanism but are also designed to help curb employee attrition and measure performance.

Donald Trump", all eyes are now on the Democratic National Committee (DNC) Chair. Questions have now turned to Harris' electoral viability — and how she might perform against former President Donald Trump. Across recent polls, Harris trails Trump by 2 percentage points nationally on average, 46 per cent to 48 per cent. This is an improvement over Biden's standing in the race: He trailed the Trump by 3 percentage points in the polling average, 47 per cent to 44 per cent, as per a report on NYT News Service. In recent swing state polls, taken before Biden announced he would withdraw from the presidential race and completed before the assassination attempt on Trump, Harris was only down by 1 percentage point in the crucial swing state of Pennsylvania in a hypothetical matchup with Trump. And she was winning by a more comfortable 5 percentage points in Virginia, a state where Biden was up by only a razor-thin margin.

Dogecoin (DOGE) is currently riding a wave of bullish activity, with its price hovering around $0.1381 and peaking at an intra-day high of $0.1356.

Hardik Pandya has inked an exclusive licensing pact with FanCode Shop, the online merchandise store of Dream Sports-owned FanCode, to launch his own performance wear range. He has also launched his brand identity. As part of the deal, FanCode Shop will design, manufacture, and market the products under the Hardik Pandya brand name. The parties have entered into a revenue-sharing partnership. The initial product lineup includes t-shirts, vests, polos, shorts, and jackets, with prices ranging from ₹999 to ₹2,299.

YSRCP to hit capital street YSRCP is bringing the issue of post-poll violence in Andhra Pradesh to New Delhi. Former chief minister and YSRCP chief YS Jagan Mohan Reddy will hold a protest with party MPs, MLAs and MLCs in the national capital. The party will organise an exhibition of photographs and videos of party workers who allegedly have been targeted by the ruling TDP over the last 45 days since the regime change. YSRCP has invited all political parties to lend support to this move. Samajwadi's wishlist After strong performance in the Lok Sabha elections in Uttar Pradesh, Samajwadi Party is now looking to extend its footprint beyond the state. To put pressure on Congress for an alliance in Maharashtra, all the 37 SP MPs held a public meeting in Bandra, Mumbai. SP supremo Akhilesh Yadav wants a few seats from Congress in Maharashtra and Haryana.

CapitaLand India Trust, formerly known as Ascendas India Trust, part of CapitaLand Group, has acquired realty developer Aurum Ventures’ 22-storey, fully leased sustainable office tower, spread over 8.5 lakh sq ft in Navi Mumbai’s Ghansoli locality, for Rs 707 crore, said people with direct knowledge of the development. The deal is among the largest acquisitions of a standalone commercial tower by any global institutional investor in India. CapitaLand India Trust Management has acquired the multi-tenanted tower ‘Building Q2’ in Aurum Q Parc in its capacity as trustee-manager of CapitaLand India Trust, a Real Estate Investment Trust (REIT) focusing on India.

Thirty-six congressional Democrats have publicly called on Democratic President Joe Biden to end his re-election bid after the 81-year-old incumbent's halting debate performance against Republican rival Donald Trump, as per a Reuters report. They represent more than one in eight Democrats in Congress, where Biden's party controls 213 seats in the House of Representatives and 51 in the Senate.