Progressive Financial News

Portfolio’s key multicap strategies have consistently given index-beating returns across time horizons, and the key sectors leading this performance are banking, healthcare, IT, and capital goods. Asked about the rationale for the high exposure to these sectors, Achin Goel, VP — Wealth Management and Institutional, at the firm, said, “These sectors will benefit from a robust growth story of India from the perspective of government initiatives, PLI schemes, infrastructure plans and the fundamental progress that we are witnessing throughout the nation.” Goel sees immense opportunities in the sectors in the long-term and believes that the portfolio results will be a reflection of the growth. Edited excerpts from an interview with ETMarkets:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?Before answering this question, let us run through a few macro data points.

After a sharp rally between April and July this year, the markets turned volatile in August. The Nifty 50 and BSE Sensex have lost nearly 3% from their July 2023 lifetime high values.

Maharashtra Chief Minister Eknath Shinde on Sunday hailed industrialist Ratan Tata, the first-ever recipient of the 'Udyog Ratna' award instituted by the state government, as an «institution». Shinde also said industries in Maharashtra are the main strength of the growth engine. He was speaking at the Udyog Puraskar 2023 distribution ceremony where he praised Ratan Tata.

One Punch Man, have reason to rejoice as its talented illustrator, Yusuke Murata, recently took to Twitter with a thrilling revelation. Murata's announcement of a month-long work hiatus to prepare for the future of One Punch Man has ignited excitement among the fan base. This pause in his creative journey hints at the return of the beloved protagonist, Saitama, and foreshadows the character's imminent global resurgence.

By Cassandra Garrison

Taiwan's Vice President William Lai said election next year is a choice between democracy and autocracy, the Vice President added after China carried out military drills around the island in anger at his visit this month to the United States. Vice President William Lai, the front-runner in polls to be Taiwan's next president at elections in January, made brief stopovers in the US, prompting fury in Beijing, which views him as a dangerous separatist given China's territorial claims over the island. The Defence ministry of Taiwan's said Sunday morning that in the past 24 hours 25 Chinese air force planes had crossed the Taiwan Strait's median line, which had served as an unofficial barrier between the two sides until Chinese military aircraft began regularly crossing it a year ago.

Pema Khandu said that the disputes along the Assam-Arunachal inter-state boundary of which most is with areas inhabited by the Bodos are almost resolved barring a few pockets. Khandu asserted that only because of the NDA government at the centre and the BJP governments in the two neighbouring states and with concerted efforts of all stakeholders, Assam and Arunachal Pradesh have come a long way in fostering harmony and peaceful coexistence among the people living on the inter-state boundary.

Investing.com — Federal Reserve officials gather for the central bank’s annual get-together at Jackson Hole, Wyoming with a speech by Federal Reserve Chairman Jerome Powell the main highlight. The deepening crisis in China’s property sector will remain to the fore, while PMI data out of the Eurozone and the UK will likely add to the gloom. Here’s what you need to know to start your week.

Women's World Cup, Spain emerged triumphant with a 1-0 victory over England in the final match. The tournament, co-hosted by Australia and New Zealand, not only witnessed this historic clash but also set new records in attendance and television viewership, sparking optimism for an upsurge in women's soccer interest.

alcohol than ever before. Public health authorities need to adopt more effective strategies to help women realize when their drinking can be a problem. Considering the many marketing messages pushing a “rosé all day" lifestyle, this campaign will be an uphill battle.

₹15 crore at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on Sunday. THE DRI official recovered 1,496 grams of a white powder, purported to be cocaine. The value of the drug is said to be approximately ₹15 crore in the illicit market.

India and the UK along with a free trade agreement will figure prominently during the visit of a high-level team from Britain here, an official said. UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations at the Department for Business and Trade (DBT) Amanda Brooks are visiting India this week. Besides participating in the G20 Trade and Investment Ministerial Meeting in Jaipur on August 24-25, the UK minister will hold bilateral talks with Commerce and Industry Minister Piyush Goyal on August 26 here and review the progress of talks on the free trade agreement.

Hero MotoCorp, having restored its margins to pre-Covid levels, is now focused on achieving sustainable growth. The company aims to boost its market share across various segments through the introduction of new products in the coming quarters, as stated by a senior company executive, reported PTI. The nation's leading two-wheeler manufacturer is actively working on increasing its production capacity to facilitate the launch of the highly-anticipated Harley-Davidson X440, which has already garnered more than 25,000 bookings.

Fumio Kishida made a brief visit to the tsunami-wrecked Fukushima nuclear plant on Sunday to highlight the safety of an impending release of treated radioactive wastewater into the Pacific Ocean, a divisive plan that his government wants to start soon despite protests at home and abroad. His trip comes hours after he returned home Saturday from a summit with U.S.

A measure to block discharges of radioactive water into the Hudson River as part of the Indian Point nuclear plant’s decommissioning has been signed into law by New York Gov. Kathy Hochul

₹$2.3 billion in the company/ He was approached by Uber cofounder Travis Kalanick about making investment in Uber at a valuation of $10 million. Currently, the company's market capitalisation stands at about $ 90 billion.

Japanese Prime Minister Fumio Kishida will make a brief visit to the tsunami-wrecked Fukushima nuclear plant on Sunday to highlight the safety of an impending release of treated radioactive wastewater into the sea, a divisive plan that his government w...

Taiwan's election next year is a choice between democracy and autocracy, Vice President William Lai said in comments broadcast after China carried out military drills around the island in anger at his visit this month to the United States. Lai, the front-runner in polls to be Taiwan's next president at elections in January, made brief stopovers in the United States this month on his way to and from Paraguay, prompting fury in Beijing, which views him as a dangerous separatist given China's territorial claims over the island. Taiwan's defence ministry said on Sunday morning that in the past 24 hours 25 Chinese air force planes had crossed the Taiwan Strait's median line, which previously served as an unofficial barrier between the two sides.

Lok Sabha Elections 2023, Shiv Sena (UBT) leader Priyanka Chaturvedi expressed her confidence on the victory of INDIA block and declared that the next Prime Minister will be elected from the INDIA bloc. She said that the INDIA-- Indian National Developmental Inclusive Alliance will take the country on a progressive path. This was the last time the PM gave his speech at the Red Fort on Independence Day, a confidant Priyanka told ANI.

Occurrences of Vibrio vulnificus infection, found in raw or undercooked seafood, saltwater, and brackish water, were responsible for two fatalities since January in Hillsborough County, located in Tampa, according to the Florida Department of Health. Moreover, a person each from surrounding Pasco, Polk, and Sarasota counties succumbed to the same cause. The state of Florida has recorded a total of 26 cases of this infection thus far in the year. This bacterial menace flourishes in warm waters, particularly in areas where river and ocean waters converge, and can infiltrate the body through cuts, scrapes, wounds, or even consumption of raw seafood.

In recent months, major retailers such as Gap, Stitch Fix, Victoria’s Secret, Kohl’s, the Vitamin Shoppe and the RealReal have appointed men to CEO positions previously held by women. Others such as Macy’s, VF Corp and Italian denim brand Diesel replaced men with men at the top. In general, it is rare for a female CEO to be succeeded by another woman regardless of the industry, according to an analysis by Catalyst. “It reminds me of the Barbie movie,” said Kimberly Lee Minor, who is the CEO of the consulting firm Bumbershoot. “We live in this society where women control the majority of consumer spending. They make the decisions and yet we still haven’t moved forward, and we have to go into this cycle.” While the number of female CEOs had been trending upward in recent years, nearly 90% of Fortune 500 companies are run by men. Of the 86 retail companies in the Fortune 1000, 13 had a woman as CEO as of July 2023, down slightly from the year before, according to the executive recruiting firm Heidrick & Struggles. Retail executives have long been quick to note that purchases are largely driven by women, who make most of the spending decisions for their households. The majority of the industry’s entry-level workforce is also female. Seventy-two percent of cashiers are women, and about half of retail salespersons are women, according to data from the Bureau of Labor Statistics.