Research Financial News

US Treasury Secretary Janet Yellen is rejecting a global wealth tax proposal championed by Brazil and supported by France and other G20 countries.

Financial advisors should consider incorporating behavioral financial advice into their practices to better serve affluent clients, according to the latest research from Cerulli Associates.

Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967.

Poco plans to sell 10 million mobile phones in two years and aims to be among top-five players from the third year onwards, a senior official of the company said on Thursday. Poco recently pipped OnePlus to capture seventh spot in overall smartphone category with 5.9 per cent market share and sixth position among Android smartphone brands, as per market research firm IDC. «We have very ambitious target for the next two years and we want to get into the 'big boys club', which means we want to hit 10 million-mark in sales and then challenging the top five brands in the next 2-3 year,» Poco India country head Himanshu Tandon said on the sidelines of Poco F6 smartphone launch event. As per IDC, Poco shipments in India grew by about 72 per cent year on year.

Highway construction targets to be lowered in FY25 in spite of post-election growth agenda“In the last couple of years, about 8-10 awarded highway projects faced substitution as original sponsors could not get financial closure. But most of the projects facing stress have been bid on HAM model where risks are lower for developers as payment is guaranteed over a period in the form of annuity.

Wipro Ltd’s former chief executive officer (CEO) Thierry Delaporte became Indian IT sector's highest-paid top boss for the financial year ended March 2024, earning $20.1 million ( ₹167 crore) during the period, the company’s filings with the US Securities and Exchange Commission showed.Frenchman Delaporte’s remuneration doubled from FY23, when he earned about $10 million in annual compensation. His salary increase in FY24 was primarily driven by a cash severance payment of $4.33 million, and the cost of accelerated vesting of 9,89,130 unvested stock options.

Nifty ended the Thursday weekly expiry stronger by 370 points at record high levels to form a long bull candle on the daily chart. On the higher end, above 23,000, the index might move towards 23,500 in the short term. On the lower end, support is placed at 22,800; the strength could remain intact as long as it remains above 22,800, said Rupak De of LKP Securities.

Nearly half of Americans over 65 will pay for some version of long-term health care, the landscape of which is quickly transitioning away from nursing homes and toward community living situations

Nifty Bank snapped a 2-day losing streak to close in the green with gains of nearly 1,000 points on Thursday. The Nifty Bank rose 986 points to close at 48,768, while Nifty50 hit a fresh record high of 22,993.

Michael Summersgill, chief executive of the platform, argued the GB ISA was «not the right solution» to boost investment in the UK economy or revive the health of the London stock market, suggesting the «extra complexity» would only further damage an ISA system that has «already become too complicated». GB ISA panel: Success for UK equities will be in the details «Our research shows complexity deters would-be retail investors from engaging with investing altogether, meaning that over the long term there is a high risk a UK ISA would actually be counterproductive,» he wrote. «We bel...

Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market. The company's stock rose 6.5% in premarket trading, with rival AI-related chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2% and 3%.

Adani Enterprises, the flagship company of Adani Group, surged 7.5% to reach a new 52-week high of ₹3,377.50 apiece in today's trading session. This notable upswing came in the wake of insights provided by IIFL Alternative Research, suggesting the prospective inclusion of Adani Enterprises in the Sensex, potentially displacing Wipro from its current position.IIFL Alternative Research indicated that the inclusion of Adani Enterprises in the Sensex could lead to inflows of nearly ₹1,000 crore from passive funds tracking the index.

Demat account first. As you may already know, a Demat account is a dematerialised account that stores your securities in an electronic format. Furthermore, opening a Demat account is very simple these days, and you can do it from the comfort of your home, or even on the go.

Sensex rose 267.75 points to end at 74,221.06, while the Nifty 50 settled 68.75 points, or 0.31%, higher at 22,597.80.Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily charts. This pattern indicates support-based buying interest.“On the daily chart, Nifty continues to hold above the 20 and 50 day SMA, which is a positive signal.

«Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

The U.S. stock market has been swooning. But there are risks that threaten to put a lid on the euphoria.

India is the only country, among the top five steel producing nations, to have seen a growth in production in April, with the others seeing production drop by as much as 7% during the month. China, which is the world's largest producer of steel, has seen its production in April fall more than 7% on year to 85.9 million tonne. Its production from January-April this year, at 343.7 million tonne, is 3% lower as compared to 2023, data from the World Steel Association showed. India, which is the world's second-largest producer of steel, saw production rise by 3.6% to 12.1 million tonne. The country has seen an 8.5% growth in production between Jan-Apr this year, having produced 49.5 million tonne of steel.

The first three months of 2024 proved to be a blockbuster quarter for US individual annuities as total US sales in the sector hit $106.7 billion, according to Limra.

Some financial advisors take a hands-on approach when it comes to managing client assets. While this is a great practice, the hands-on financial advisor could make better use of their time instead of doing the back-office tasks and other administrative work involved in asset management. That’s where turnkey asset management platforms or TAMPs come in.  

Use of diabetes and obesity medications such as Ozempic, Wegovy and other so-called GLP-1 drugs has soared among teens and young adults

Mint, PC shipments are expected to stabilize this year following a 6% dip in 2023. However, rising adoption of AI PCs, tailored to Microsoft's specifications, could drive a 5% surge in PC shipments, and by up to 15% in revenues by December 2025.Data from market researcher IDC revealed that as of December 2023, PC shipments, including tablets, stood at 13.9 million units.