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Spencer joins after departing from Columbia Threadneedle Asset Management in April, when he and several other senior members of the firm left as part of the firm's restructure. He worked at Columbia Threadneedle for over a decade, originally joining BMO Asset Management's LLP multi-asset team as a partner, which was then became part of the former firm in 2021. Mark Harries joins Square Mile as CIO as Broomer steps down Prior to that, Spencer worked as a portfolio manager and vice president at Credit Suisse Asset Management, focusing on analysing and recommending equity and fixed in...

Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker's founder, as chairman on the board. Details on the vote tallies were not immediately available. But the company confirmed the majority voted in support of its positions. A shareholder proposal requesting that Toyota issue an annual report on its climate-related lobbying activities was rejected.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, gained for the fourth consecutive session, reaching new all-time highs in early trade on Tuesday, aided by strong global market trends, buying in IT sectors, and fresh foreign capital inflows.The Nifty 50 surged by 60 points to 23,529, while the BSE Sensex climbed 101 points to 77,195 immediately after trading began. The markets reopened today after being closed on Monday for Eid al-Agha.According to Geojit Financial Services' Chief Investment Strategist, Dr.

₹88 and ₹93 per share. Le Travenues Technology raised ₹333 crore from anchor investors.

₹3,006.45 apiece on the BSE.Auto major Mahindra & Mahindra (M&M), in its Investor Day presentation, announced its plans to launch a total of 23 new vehicles by 2030, including new SUVs. M&M's SUV market share has risen from 15% in FY21 to 18% in FY24.The company also plans to introduce seven Born Electric Vehicles (BEV) by the end of the decade.

Nifty embarks on the first principle of trend following as the uptrend is likely to continue. Post a dramatic wave of volatility comes a time of complacency, as Vix cools off, and investors readjust to all the sentiments that were out during the last two weeks. The breadth looks positive with more than 70% of stocks in the broader universe above their key short-term and mid-term Moving averages pointing to upside bias while the Advance decline percent has seen a thrust above 75 indicating strong momentum.

Stock market today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

Congress leader Pramod Tiwari lauded Rahul Gandhi's decision to retain the Rae Bareli Lok Sabha seat in Uttar Pradesh and called it the «right political decision.» Tiwari also thanked the Congress party and Rahul Gandhi for respecting the mandate of Uttar Pradesh. «I want to thank the national leadership of Congress and Rahul Gandhi. He (Rahul Gandhi) has taken the right political decision. Apart from this, he has also respected the mandate of Uttar Pradesh which gave 43 out of 80 seats to the INDIA alliance,» the senior Congress leader told ANI.

Buy or sell stocks for today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.

NEW DELHI : Official statistics can sometimes seem at odds with ground realities. This is a debate usually confined to growth numbers, with the legitimacy of high growth often questioned on the basis of anecdotal evidence or an underlying data point. However, when it comes to inflation, it is no secret that the Consumer Price Index (CPI) needs a complete overhaul.

Dividend stocks: Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will be in focus when the stock market opens on June 18, Tuesday.The Board of Directors of the four companies had declared interim and final dividends for their eligible shareholders.These companies fixed June 18 as the record date to ascertain the eligibility of shareholders for their respective issues.Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will trade ex-dividend on Tuesday (June 18).Bank of India: The company declared a dividend of ₹2.80 per equity share for the financial year 2024.In a stock exchange filing, Bank of India said the Board of Directors “Recommended a dividend of Rs. 2.80 (i.e.

Germany’s biggest industrial union says it will seek a 7% pay increase for millions of workers in negotiations starting later this year

Railway Minister Ashwini Vaishnaw visited the site of the Kanchenjunga Express train accident in Darjeeling district, West Bengal, on Monday afternoon to assess the situation firsthand. Travelling part of the way by motorbike due to the narrow roads, he emphasised that the immediate priority is the restoration of services on this crucial main line. «Right now our focus is on restoration. This is the main line. The rescue operation has been completed. This is not the time for politics. I will also meet the injured,» Vaishnaw stated.

Toyota's chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board

Equities: The brokerage anticipates that market dynamics in the near term will pivot around prevailing narratives. Key drivers include the sentiment surrounding policy continuity, anticipation ahead of the Budget, the progress of the monsoon, advancements in the CAPEX agenda, fiscal consolidation efforts, and expectations for rural economic recovery in the latter half of the year.

In a stock exchange notice today (17 June), the trust said that, following a review by investment manager AEW UK and JLL Debt Advisory, Home's board was not able to secure refinancing of the existing facility with Scottish Widow on terms that it could recommend to shareholders. This means the trust has not been able to secure a new lender for its debt facility. Home REIT hires accountant as non-executive director in board reshuffle In its engagement with the board and AEW, Scottish Widows outlined its objective was to have the loan balance repaid in the short term, the trust noted....

The weather department had issued a red alert for Sunday, an orange alert for Monday, and a yellow alert for Tuesday and Wednesday. On Sunday, the maximum temperature at Safdarjung, Delhi's base station, reached 44.9 degrees Celsius, six degrees above normal. This was slightly higher than Saturday's maximum of 44.6 degrees Celsius. The minimum temperature recorded was 33.2 degrees Celsius, also six degrees above normal, marking it as the second warmest June day in the last six years.

Railway Minister Ashwini Vaishnaw on Monday departed for West Bengal to oversee the relief efforts following a collision between a goods train and the Kanchanjunga Express near New Jalpaiguri. The accident, which occurred close to Rangapani station, resulted in at least five fatalities and left approximately 30 individuals injured. Following this, Prime Minister Narendra Modi offered his condolences. «The railway accident in West Bengal is saddening. Condolences to those who lost their loved ones. I pray that the injured recover at the earliest. Spoke to officials and took stock of the situation. Rescue operations are underway to assist the affected,» PM Modi said on social media.

Most of the PSU stocks continued their dream run this week too, and as rightly put, it appears that FOMO is creeping amongst the investors as many of the PSU stocks, in defence, power, financials, infrastructure, have turned out to become multibaggers, significantly adding to the wealth of the investors, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at said, advising investors to remain alert and look at investing light. This analyst spells-out strategy in previous week’s major movers viz. Cochin Shipyard, Zomato and Global Health (Medanta) and three more stocks. Here’s what he recommends: Edited excerpts:

VIX has now cooled off and the investors have readjusted to all the sentiments that were out during the last two weeks. The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.