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Tom Selby, director of public policy at AJ Bell, questioned the technical details of a GB ISA and highlighted research that suggested the proposed product could potentially fall foul of the regulator's new Consumer Duty rules. Quilter calls for simplification as Labour backs GB ISA proposals «Independent research commissioned by AJ Bell shows that, when presented with the choice of a British ISA and a Stocks and Shares ISA for their first subscription of the tax year, more people chose the British ISA (35%) than the Stocks and Shares ISA (26%),» Selby said. «Given investors could acce...

Stock market bloodbath: Amid a heavy sell-off on Dalal Street, most Indian indices are trading red with heavy intraday losses. However, the Nifty FMCG index ended up being around one percent higher. FMCG major Britannia share price touched a new lifetime peak of ₹5,414.40 per share on NSE.

Also Read: Bull market needs fuel by way of equity capital or debt: Shankar SharmaWhen units of equity-oriented funds or listed equity shares are sold after a year, the LTCG tax becomes applicable. Any gains over ₹1 lakh in a year are subject to a 10% tax.Over the weekend, exit polls predicted that the NDA would win over 350 seats.

Catch Election Results 2024 Live Updates hereIndustrialist Harsh Goenka highlighted this discrepancy in a post on X. The RPG Enterprises’ Chairman pointed out that the Satta Bazaar had been more accurate in predicting the election outcomes than pollsters who rely on data, artificial intelligence (AI), and other analytical tools.Contrary to these technical experts, the people who put their money behind predictions in the Satta Bazaar made better predictions, he noted.“Satta bazaar far more accurate than pollsters using data analytics, AI, scientific research.

Murphy will join former Jupiter manager Ben Whitmore's value equity boutique Brickwood Asset Management, joining his brother Dermot Murphy, Investment Week understands. He started his career at Schroders as a fund manager in 2000. Schroders pan-European equity research head moves to Cazenove Capital A spokesperson for Schroders told Investment Week: «After 24 years at Schroders, Kevin Murphy will leave Schroders and we wish him the very best of luck in his future endeavours. He has been a highly regarded colleague and friend to the firm. „Change is a natural part of evolution wi...

Inflation remains stubbornly high. That’s why the Federal Reserve, as a part of its monetary tightening, has been reducing the size of its balance sheet, which still has more than $7 trillion in assets left over from its last round of quantitative easing. So why has the Fed now decided to slow the pace of quantitative tightening by $35 billion a month when inflation is still too high? The Federal Open Market Committee’s decision to slow QT comes from a desire to be sure that banks have “ample" reserve balances (deposits held by banks at the Fed) to meet daily cash needs.

Stock market today: After the Lok Sabha election results are not coming in tune with the exit polls, the Indian stock market is under sharp sell-off pressure. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has tanked around 2800 points, and the Bank Nifty index has crashed over 2800 points during Tuesday deals.

Stock market today: After a stellar rally on Monday, the Indian stock market witnessed sharp selling in early morning deals on Tuesday. The Nifty 50 index lost around 700 points and touched an intraday low of 22,566, whereas the BSE Sensex lost over 2000 points and touched an intraday low of 74,234.

Indian market is expected to trade volatile amid election results. The Nifty future closed positive with gains of 3.30% at 23450 levels on Monday. India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels.

Indian equities soared to new closing highs, the rupee firmed up and bond yields fell to two-year lows on Monday as investors cheered the likelihood of the Bharatiya Janata Party (BJP) returning to power with a strong majority, based on exit poll numbers. The benchmark indices jumped over 3% each, the biggest single-day gain in four years, while the Volatility Index (VIX) — the market's fear gauge — plunged 14.9% a day before votes are counted Tuesday. Whether the bullish momentum continues over the next few trading sessions will depend on how many seats the BJP-led coalition gets. Investors should brace for a brief reversal if the results aren't aligned with exit poll predictions, analysts said. «Given that the exit poll trends translate into results on Tuesday, a continuation of the relief rally can happen, with the market (Nifty) touching 23,500 briefly before profit booking takes over,» said Venugopal Garre, managing director, Bernstein, in a note to clients. «A greater margin of victory — with seats going into the 380-390 or above range — can increase the magnitude but not the duration of the rally.»

Americans aren't good at taking vacation.

Are hybrid investors, millennials, Gen Xers and women prime targets for advisors build new client relationships – or maybe event strengthen existing ones?

personal loans and credit-card outstanding, has continued to slide in India after the central bank enhanced the risk weighting on such exposures to minimise the likelihood of mounting delinquencies in the banking system.

Bharti Airtel and Reliance Jio are expected to post their highest-ever return on capital invested this fiscal as the country's top telecom firms complete 95% pan-India 5G rollouts and focus on improving returns, according to analysts. Macquarie Research estimates Airtel's ROCE (return on capital employed) to surge to 10-19% during FY25-28 from 2-6% in the last more than a decade, aided by tariff hikes, better subscriber mix and capex moderation. Airtel had invested $32 billion in FY24, generating a return of 8%. Over the next four years, while investments will drop to $28 billion per year, returns will likely more than double to 19%, Macquarie data showed. «From its lows in FY19, Airtel's India mobile ARPU (average revenue per user) has improved to ₹209 in 4QFY24 (2x in five years),» the company said in an investor update. Macquarie expects Airtel's India ARPU to reach ₹275 per month in FY27, driven by a likely 15% rise in industry tariffs post the general elections this week, followed by ongoing mix improvements — data users, upgrades to 5G, strategic segmentation, and prepaid to postpaid conversions.

Even as the notion of phased retirement has become a norm, more people than ever are saying that they don’t plan to work past the age of 62.

₹50 lakh each to 150 startups that are engaged in making technical textiles such as Kevlar and Spandex, said two people aware of the development. The ministry will also not seek any share of the profits from the business that is generated.

Richard Wilson, CEO of interactive investor, argued the duty was a «pernicious tax that penalises listed companies that help put the ‘great' in British business and UK investors seeking to back them». Citing its own research, ii found that 82% of polled clients claimed removing stamp duty on UK shares would encourage greater investment in UK listed companies, while 57% of the cohort said it would «make them think twice» about investing in the UK in the future. General Election 2024 Blog: Rachel Reeves rules out additional tax rises Wilson said higher transaction costs due to stamp ...

Memphis city in the state of Tennessee has been ranked as the place with the highest number of deadly car accidents in the US. This study has been conducted by the Consumer Affairs Research Team by analyzing the car crash data from the National Highway Traffic Safety Administration’s 2022 Fatality Analysis Reporting System and the Crash Report Sampling System.

Dun & Bradstreet’s prestigious list of India’s Leading BFSI and FinTech Companies 2024. This accolade, released on February 27, 2024, underscores Sharekhan’s commitment to creating customer delight via innovations in the financial services sector.Adding to this significant honour, Sharekhan has once again been named one of India’s Most Trusted Brands in the BFSI category, marking the second consecutive year the company has received this distinction.

The use of AI by asset managers in their sales and marketing to financial advisors is not expected to happen at pace, according to a new report.

Health care delivery experts say patients in the U.S. need more help dealing with a system that is growing increasingly complex