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Vridhi Home Finance has secured Rs 310 crore in equity funding from Norwest Venture Partners along with its existing investor Elevation Capital and the company’s founders. It comes after the company raised $18 million from Elevation Capital in its first institutional fundraising in October 2023. In a statement on Tuesday, Vridhi Home Finance said that it is investing in building a strong distribution network, in risk management practices and in its technology back end to create a digital home loan process.

Dhanteras, which is considered as an auspicious day for buying gold, is being celebrated in India today. But after a 30% rally in yellow metal since the last Dhanteras, is investing at current levels a right choice and what options do investors have? Gold has had a phenomenal run since the last Dhanteras which was celebrated on November 10, 2023. Notwithstanding this it can still earn returns of 10-12% till the next one.

HDFC Securities has buy call on ICICI Bank with a target price of Rs 1,370. The current market price of ICICI Bank Ltd. is Rs 1294.35. ICICI Bank, incorporated in 1994, is a banking company with a market cap of Rs 884615.36 crore. ICICI Bank's key products/revenue segments include interest & discount on advances & bills, income from investment, interest on balances with RBI and other inter-bank funds and interest for the year ending 31-Mar-2024.

mutual funds invest in treasury bills, commercial papers, certificates of deposits and so on to take care of their liquidity needs. They also invest in corporate bonds, government securities, among others. According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more. They are somewhat in the middle when it comes to interest rate risk. They are riskier than liquid, ultra short term, and low duration funds. However, they have a lower risk compared to medium duration and long-term funds. Also Read |Best medium to long duration funds to invest in October 2024

Gold prices held steady on Tuesday as investors looked forward to a slew of U.S. economic data for clues about the Federal Reserve's interest rate outlook.

yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in the week that could determine the path for Federal Reserve policy.

Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East. Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. West Texas Intermediate crude was at $67.83 a barrel, up 45 cents, or 0.7%.

China's Ministry of State Security said on Tuesday that it had retrieved spying devices both on the ocean surface and in the depths of the sea, including underwater «lighthouses» that could guide the transit of foreign submarines. The ministry said it had uncovered devices that had been hidden on the ocean floor and were sending back information that could «pre-set the field for battle,» in an article on its official WeChat account, China's most popular social media app. Recent sea and air confrontations in the South China Sea between China and the Philippines over competing territorial claims in the highly strategic waterway have raised the risk of an escalation that could eventually involve the U.S., which is treaty-bound to defend the Philippines if it is attacked.

Jash Engineering, Kck Industries and Master Trust will likely remain in focus in today’s session as these companies have fixed October 30 as the record date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.

«We expect the truncated week to remain sideways amid a mixed Q2 season, monthly FNO expiry and continued selling by FIIs. Key results to watch out for tomorrow will be Maruti Suzuki, Adani Enterprise, Adani Ports, and Cipla amongst others,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Edu-wealth startup Zinc, founded by former PayU Credit chief executive and PaySense founder Prashanth Ranganathan has raised $25.5 million in seed funding. The round was led by Nexus Venture Partners, with participation from Quona Capital, EDBI, Global Ventures, and Saison Capital. The Singapore-headquartered company plans to use the funds to drive product innovation, expand its offerings and secure key financial licences to help families save and invest for their children's global education.

Mumbai: Spreads in the bond market have tightened significantly, with AAA-rated companies raising funds at some of the lowest rates seen in recent years, underscoring the demand for quality debt issues in an environment where yields are expected to soften after the latest change in the RBI’s monetary policy stance. Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94% annualised.

The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing

Donald Trump is trying everything from head to toe in order to attract US voters towards his Republican fold, with just a few days remaining for the US elections to begin. Earlier he had promised to eliminate taxes on tips, Social Security benefits and even overtime pay, but now he has promised one of the biggest ever tags breaks possible, which is the federal income tax, in the case he comes to power at the White House after November.

Taylor Swift, the world famous pop artist has attended only three of her boyfriend Travis Kelce’s games during the NFL season of 2024 which marks a significant drop from the 15 games which she attended during the 2023 season when they had just began dating. According to SheKnows, Taylor Swift’s selective attendance during her boyfriend’s game is because of her busy schedule due to the resumption of the Eras Tour and significant safety concerns. SheKnows reported that the decision of Taylor Swift to eventually limit her appearance to games at the Arrowhead Stadium is actually influenced by a bomb threat incident which took place in Vienna during summer while that prompted her team to implement stringent security measures. Taylor Swift feels a sense of safety with Travis Kelce as Travis Kelce provides her with both physical and emotional protection and Taylor Swift trusts him pretty blindly while she also appreciates Travis Kelce’s presence during this challenging times, noted SheKnows. The appearances of Taylor Swift are always being carefully planned and in recent times she is extra cautious about attending events at venues that have been thoroughly vetted for security.

Brazil's environmental agency levied $64 million in fines against 23 meatpacking and their suppliers companies for buying and selling cattle raised illegally on deforested land in the Amazon

Donald Trump plans to deport millions of migrants, reshape global trade with expensive tariffs and fill the government with loyalists if he wins a second four-year White House term in the November 5 US Presidential election 2024, as per a report.

Canadian seniors are set to receive a scheduled top-up in benefits as the Liberal government faces pressure to increase payments for those under the age of 75 years.

Subscribe to enjoy similar stories. Treasury Secretary Janet Yellen warned that the West Bank’s economy could collapse if Israel doesn’t preserve its banking relationship with Palestinian financial institutions in the territory it occupies, highlighting another potential source of instability as Israel also fights foes in Gaza, Lebanon and Iran. In a letter to Prime Minister Benjamin Netanyahu, Yellen and several of her global counterparts urged the Israeli leader’s government to approve a waiver that would continue to allow Palestinian and Israeli banks to correspond.

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