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Last week, Empower wrapped up its integration of the $314 billion retirement plan business it bought from Prudential, capping an acquisition tear that it’s been on since the company formed a decade ago.

TDP supremo N Chandrababu Naidu on Friday vowed to repeal the AP Land Titling Act of the YSRCP government, alleging that Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy would take away people's lands through the law. The opposition leader made the allegation at Undi in West Godavari district during a public meeting. «Be wary of the Andhra Pradesh Land Titling Act as it is yet another tactic employed by Reddy to take away the lands of the people,» he cautioned. The Jagan Mohan Reddy led government passed the Act in 2022 to streamline land records, resolve disputes and provide permanent titles. According to Naidu, instead of giving original documents of the land, the Act will mandate producing only a photocopy of the transaction, alleging that the lands will go under the latter's control. Vowing to revoke the Act as soon as he comes to power, the TDP supremo alleged that the CM went to the extent of printing his image on land passbooks instead of the official emblem of the state.

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Nickols is also the co-manager of the Rights and Issues investment trust alongside Matt Cable, who will become lead manager of the portfolio following Nickols' departure, the trust confirmed in a stock exchange notice today (10 May). Cable's appointment will ensure «continuity of the investment services provided by Jupiter», the trust added, as he will also be supported by Tim Service, who has been promoted to head of small and mid-cap equities at Jupiter. Investors pull £1.1bn from Jupiter's value equity strategies in first quarter Andrew Hosty, chair of Rights and Issues, said: "...

Dover, DE, USA, 10 May 2024 — ChainGPT , the AI-powered Web3 infrastructure providing a diverse suite of tools and services, announces the exclusive IDO launch of its latest launchpad project: Wisdomise AI , an all-in-one AI-powered crypto advisor and investment assistant. With the support of ChainGPT Pad’s IDO launch pad, Wisdomise AI is set to launch its $WSDM token on May 13, advancing its vision of bringing AI-powered investment and wealth management services to a broad range of investors.

Bank of Baroda on Friday reported a 2.3 per cent growth in its standalone net profit of Rs 4,886 crore for the March quarter, restricted by a hit due to its exposure to the grounded airliner Go First and also setting aside money towards pension liabilities. On a consolidated basis, the lender's net profit declined to Rs 5,132 crore from Rs 5,255 crore in the year-ago period. For 2023-24, the same rose to Rs 18,767 crore from the Rs 14,905 crore in the year-ago period. For the reporting quarter, the core net interest income rose 2.3 per cent to Rs 11,793 crore on the back of a 12.5 per cent increase in advances, and a 0.26 per cent decline in net interest margin to 3.27 per cent. The non-interest income rose 20.9 per cent to Rs 4,191 crore on the back of an increase in treasury income and fee income, and supported the overall profit growth.

Airports Authority of India (AAI) launched an internship program, 'Pradipti,' on Friday. The formal launch event was organized at the Indian Aviation Academy in New Delhi, as per an official release. The event took place in the presence of AAI Chairman Sanjeev Kumar and board members of AAI. According to the release, this internship program aims to facilitate learning the practical aspects of Airport Infrastructure, Operations, and Air Navigation Services and generate interest in Civil Aviation among youth by reaching out to educational institutes in the vicinity of airports.

Zerodha's Nithin Kamath on Friday said the market regulator's new proposal to make direct payout of securities, including shares, to clients accounts will simplify the depository operations of stock brokers. Recently, Sebi, in a consultation paper that is out for public comments, proposed mandatory direct payout of securities to demat accounts — a move that is aimed at ensuring that securities of the clients are not vulnerable to misuse.

demat accounts. A facility of direct delivery to investors was introduced in February 2001. "It has been decided that the process of securities payout directly to the client account shall now be mandatory," said SEBI in its consultation paper.

Bluetooth Wireless Over-Ear Headphones redefine the listening experience with their unrivalled adaptive four-microphone system, which ensures clear calls even in noisy environments. These Bose headphones offer easy access to voice assistants, and with 11 levels of noise cancellation, users can control how much they tune out or in. The sleek stainless-steel headband and angled ear cups provide a comfortable fit for hours, and intuitive touch controls enhance usability.

Benchmark indices Nifty50 and S&P Sensex ended the week two percent lower this week. The continuous decline in the stock market has given yet another reason to investors to relook at their debt allocation. 

Reserve Bank of India and finance ministry, as the stiff provisioning norms can potentially dry up bank finance for infrastructure projects and make loans costlier. The immediate concern for the sector is whether the changes would derail MoRTH’s plan to revive BoT (build operate transfer) projects for highways, where private investment is expected to come after a long interval.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps One key tool that has emerged as a catalyst for advancing financial inclusion is the demat account. In this article, we delve into how a demat account contributes to fostering financial inclusion. Financial inclusion is when everyone can access financial services that can help them build wealth, including savings, credit, loans, equity, and insurance.

ChatGPT in November 2022. With its ability to analyze vast amounts of data and provide actionable insights, AI has become indispensable in informing policy decisions and addressing pressing challenges faced by world leaders. During the G20 Summit 2023 hosted by India, the member nations have chosen to adopt a "pro-innovation" regulatory approach, aiming to maximize the benefits of AI while mitigating the associated risks.

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India's Industrial Production (IIP) growth rate slowed to 4.9 per cent in March as against 5.7 per cent in February, revealed the data provided by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The previous high of IIP was recorded at 11.9 per cent in October 2023, which slowed to 2.5 per cent in November, 4.2 per cent in December and 4.1 per cent in January 2024. The cumulative growth rate for the period of April-March 2023-24 over the corresponding period of the previous year stood at 5.8 per cent.

Enforcement Directorate on Friday filed a fresh charge sheet in Delhi excise policy case. The probing agency has named BRS leader K Kavitha as an accused in the matter, news agency PTI has reported citing officials. On March 15, Kavitha, the daughter of former Telangana chief minister K Chandrashekar Rao, was apprehended by the federal agency at her residence in Banjara Hills, Hyderabad. As per PTI report, a prosecution complaint has been lodged under sections 45 and 44(1) of the Prevention of Money Laundering Act (PMLA) before a designated court.

Congress national general secretary Priyanka Gandhi Vadra on Friday alleged the ruling BJP seeks votes in the name of God instead of talking about how it will control inflation or provide employment to people. Addressing a number of 'nukkad sabhas' in support of Congress candidate from Amethi Lok Sabha seat Kishori Lal Sharma, Priyanka Gandhi said while Prime Minister Narendra Modi claims on TV that his government did in 10 years the work that was not done in the last 70 years, the situation on the ground level is different. Sharma is pitted against sitting Amethi MP Smriti Irani. The BJP leader had wrested the seat, which was considered a Gandhi family stronghold, from Rahul Gandhi in the 2019 Lok Sabha polls. Targeting Irani, Priyanka Gandhi said her sole intention was to defeat Rahul Gandhi.

Flourish, a financial technology firm that provides a platform for RIAs to access financial products, has reached a new milestone.

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Also Read: Your Questions Answered: Should I invest in single stocks or index funds? Please elaborate Essentially, index funds aim to replicate the performance of a benchmark index, like the BSE Sensex or NSE Nifty 50, by mirroring its composition. This passive investment strategy offers a stark contrast to the active management approach, where fund managers engage in frequent activity to determine the ideal portfolio mix.