Performer Financial News

Planning for retirement is a crucial aspect of one's financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years. ULIPs offer the dual benefit of insurance coverage and investment opportunities, making them an intriguing proposition for retirees.

Gandhar Oil debuted at a premium of 76% (up Rs 129) on NSE in Thursday's trade. The stock listed at Rs 298 on NSE, while on BSE it debuted at Rs 295.4, up 75% over the issue price of Rs 169. Ahead of the debut, the stock fetched a premium of Rs 72 in the unlisted market. Gandhar Oil received a better-than-expected subscription demand at 64x for its IPO, mainly on the back of reasonable valuations. The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes. Gandhar Oil is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries.

Consumption is a theme that has always been a play on India within the emerging market basket, given its enormous size of the population, favourable demographics, and changing preferences particularly among the lower- and middle-class segments. This is one theme that Arvind Kothari of Niveshaay Investment Advisory is extremely positive on, and within this, the smallcase manager prefers discretionary players. “The discretionary space looks interesting to us, and we are comfortable about investing in companies where valuations are more palatable,” Kothari, who is the founder of the investment advisory firm, said in an interview with ETMarkets. Besides consumption, Kothari is also betting on the manufacturing theme, and believes that a third term for the incumbent government in 2024 would back these two themes as it would signify political stability, and continuity of reforms. “If the Indian economy maintains the anticipated growth trajectory, these two themes are well-positioned to be influential in the journey,” he said. Edited excerpts: What’s your take on the current market trajectory as India seems to be outpacing most of its EM peers, notwithstanding the global risks.

Mumbai: Subscribers to the National Pension Scheme (NPS) can now choose separate pension managers for three asset classes—equity, government security, and corporate bonds, as per an update provided by the Pension Fund Regulatory and Development Authority. The option, however, has not been extended to alternative assets.

“India, with its relatively superior economic and corporate earnings growth, could attract higher global flows than what we have seen historically," Rupen Rajguru, Head Equity Investments and Strategy, Julius Baer India. In an interview with ETMarkets, Rajguru who has over has over 19 years of experience in the Indian Capital Markets said: “While India remains an expensive market vs the EM peers, we believe that stronger earnings growth, macro stability and better visibility will help the country to enjoy the premium valuations,” Edited excerpts: We are approaching the last month of the year 2023. Where are markets headed? The Indian markets seem to be on a good wicket at the current juncture, albeit some near-term intermittent volatility which again could be driven more by global factors.

By Kane Wu

Gold prices consolidated in a tight range and hovered close to a near seven-month high on Thursday, as investors awaited key inflation print to gauge whether interest rate cuts in the U.S. would come sooner than previously expected. FUNDAMENTALS * Spot gold was flat at $2,043.69 per ounce by 0225 GMT, after hitting its highest since May 5 on Wednesday, and was poised for its second straight monthly gain. * U.S.

ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as well as realise export proceeds, by Byju’s parent Think & Learn, apart from holding founder Byju Raveendran responsible. ET on November 21 reported online thatED confirmed issuing showcase notices for alleged violations of the Foreign Exchange Management Act (Fema) amounting to Rs 9,362 crore by Think & Learn and Raveendran.

The systems allow drivers to take their hands off the wheel in some situations.

Investing.com — The economic outlook soured on slowing growth in recent weeks as consumers are keeping a closer on spending amid an easing in the labor market as well as in the pace of inflation, according to the Federal Reserve's Beige Book released Wednesday.

By Svea Herbst-Bayliss and Laura Sanicola

Investing.com — Salesforce lifted its annual guidance on Wednesday after reporting third-quarter earnings that topped expectations as margins jumped amid ongoing efforts to improve efficiency boosted performance.  

Christmas at Graceland promises a musical extravaganza this year with a line-up featuring renowned artists. The Graceland property is set to host a festive event that transcends music genres, paying homage to the legendary Elvis Presley.

Entries are still being accepted forInvestmentNews’ 5-Star Fund Providers and 5-Star Research Platforms.

Naresh Kumar for a period of 6 months. The MHA order came after the Supreme Court on Wednesday gave nod to the central government to extend the tenure of Naresh Kumar by six months. He was scheduled to retire on November 30.

In 2023, Optimism (OP), Toncoin (TON), and Rebel Satoshi ($RBLZ) are highlighted as the best cryptos to invest in, offering promising returns for investors. While Optimism has surged following Blockchain.com’s listing, Toncoin has performed well recently. Meanwhile, Rebel Satoshi has emerged as an exciting alternative for investors. Let’s find out which coin will boost investors’ portfolios.

(Updated — November 29, 2023 12:22 PM EST)

By Ananya Mariam Rajesh

Stocks on Wall Street are on track to close out 2023 on a solid note with investors growing increasingly optimistic that that the Federal Reserve may be done raising rates amid cooling inflation and as the economy holds up better than expected.

Sticky Vicky passed away on November 29, 2023, at the age of 80 following a long illness. The news came as a shocker for people. Vicky was a well-known dancer in the Spanish vacation destination, where she captivated audiences for decades with her risque routines. Vicky's daughter broke the news of the dancer's demise. Taking to Facebook, Vicky's daughter, María Gadea Aragüés said with profound grief she wanted to let everyone know that her mother passed away today at 6. She further added it is hard to believe for her and her entire family. «I thank God for being able to always be by her side, I am left with a broken heart,» María wrote.

electric geyser market can be attributed to several factors. Technological advancements have made it possible to produce high-quality geysers at lower costs. Moreover, the competitive market landscape has led manufacturers to offer more affordable options to attract budget-conscious consumers.