Show Financial News

By Kevin Yao and Qiaoyi Li

The financial services industry has never been so competitive and even as the population grows wealthier, it’s becoming harder for wealth advisors and firms to grow their share of wallet.

Twelve next-generation investment advisors are heading to college on a scholarship thanks to one of the industry’s largest firms.

By Deep Kaushik Vakil

private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused fund, its latest regulatory disclosure showed.CVC is targeting to raise $6 billion for the fund, its sixth and largest to date for the region, people familiar with the situation told Reuters. The firm did not disclose when it will finalize the fundraising in the Tuesday filing to the U.S. Securities and Exchange Commission.

Sebi's approval to launch a mutual fund business, Samir Arora, the main founder of the company announced. Helios Capital Management PTE Ltd, which is the business of portfolio management services, applied for a mutual fund license with the Securities and Exchange Board of India (Sebi) in February 2021. «I am very happy to announce that Sebi has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success,» Arora, who is also the fund manager at Helios Capital, wrote at X platform, formerly known as Twitter, on Thursday. After quitting Alliance Capital 20 years ago, Arora is re-entering the 43-player mutual fund industry. He was the Chief Investment Officer of Alliance Capital's Indian mutual fund business.

The small-cap Mutual Fund category has given impressive returns. Irrespective of the time horizon of an investor, small-cap mutual funds have grown investors' wealth many-folds. Market experts say that in the long term, this MF category is capable of giving the maximum return on one's money. This is because it moves faster than large-cap, and mid-cap mutual fund plans. 

real estate and infrastructure projects – and all three are sputtering. Since the shock of the global financial crisis of 2008, Beijing has tried to build a fminourth growth engine – domestic consumption. But the share of consumption in GDP growth is down to 32.8% from 54.5% in 2021.

Apollo Hospitals on Friday reported net profit of Rs 173 crore for the quarter ended June 2023, down 47% year-on-year (YoY) when compared with Rs 324 crore clocked in the same period last year. Revenue from operations during the first quarter, however, rose 16% YoY to Rs 4,418 crore.

BNB, and Litecoin were trading with cuts, while XRP, Shiba Inu, Tron and Solana were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.17 trillion, falling 0.25% in the last 24 hours. «Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%,» said, CoinDCX Research Team. BTC volume stood at approximately $11.57 billion, falling 27.1% in the last 24 hours.

«Now, this we do not expect to happen in the coming quarters. And now we expect the profitability which includes core margin, core EBITDA margin, EBITDA margin and PAT to improve in coming quarters,» says Siddharth Mittal, MD & CEO, Biocon.Well, it was quite a weak show this time, to be honest, versus what Street was expecting. Can you talk to us about the reason of such a sharp miss versus what Street expected?Yes, so we did have weak earnings when you look at it.

“As per inputs received from ministry of power, preliminary studies carried out for nine cities having 4 million plus population, namely Delhi, Mumbai, Pune, Ahmedabad, Surat, Bengaluru, Chennai, Hyderabad and Kolkata indicate a requirement of 18,000 nos. of Public EV Charging Stations by the year 2030,” Pandey said. According to a statewise breakup, as of July, Maharashtra had the highest number of EV charging stations followed by Delhi and then Karnataka.

An after-school childcare operator forced to shut down 74 services in NSW this year due to unspecified “risks to children” has separately reported an unusually high rate of absences at a Victorian school.

ABC boss David Anderson has admitted the broadcaster was wrong when it said a Four Corners crew had no knowledge of what climate protesters were planning to do outside Woodside Energy chief executive Meg O’Neill’s Perth home earlier this month.

More than one stadium full of fans will be cheering on the Matildas in their quarter-final showdown against France on Saturday. Organisers and broadcasters are expecting record-breaking crowds and audiences across the country for the 5pm AEST kick-off.

Many people are looking for ways to help the response to the deadly wildfires that swept through the Hawaiian island of Maui even as emergency operations continue on Thursday

Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy

The guild that represents striking film and television screenwriters says negotiations with major studios and streaming services will resume Friday

Virgin Galactic has rocketed to the edge of space with its first tourists

The strike-delayed 75th Emmy Awards have a new date — one that places them directly in Hollywood’s awards season for a change

The Biden administration says it could soon launch a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic smoke following the fiery train derailment in East Palestine, Ohio