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Groww recently faced severe criticism on social media after an investor alleged that the fintech platform deducted money but not invested in a mutual fund scheme. In response, Groww said that it regrets the “error” and credited the amount to the investor “on a good faith basis’ “.

Marico Ltd. gained 0.51 per cent to Rs 618.25 at 01:03PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 619.75 and low of Rs 609.2 so far during the session. The stock had closed at Rs 615.1 in the previous session. The counter has had a total traded volume of 30818 shares so far with a value of Rs 1.89 crore on the NSE. It traded at a price-to-earnings multiple of 53.95 and a price-to-book ratio of 16.73.

«In sync with market requirements, market realities, the buyers are okay to pay that kind of price rise and in such times that price rise does not go haywire, stay closer to double digits, etc, we are in safe zone,» says Gulam Zia, Knight Frank India. Is that a trend that you are observing as well, when it comes to the pricing there is nothing extraordinary, 6% to 10% in line with inflation and is it that there is that definite dichotomy maybe between how luxury is panning out versus the affordable segment? Gulam Zia: Well, I would love to agree with Anuj word by word. What he said is exactly what the market is right now behaving like. So, to start with the point that you wanted me to also clarify was on price rise. Bang on, about 5% to 7% price rise per annum is something which we have been observing for last couple of years, at least last two to three years, and which is in sync.

Pakistan captain Inzamam ul Haq raised bizarre allegations of ball-tampering against Indian pacer Arshdeep Singh, who delivered a match-winning performance of 3/37 during the ICC T20 World Cup Super Eights clash against Australia, questioning how was he able to reverse-swing the ball in the 16th over while defending the target. During the ongoing T20 WC, Arshdeep is the joint-highest wicket-taker in the tournament with 15 scalps in six games at an average of 11.86 and an economy rate of 7.41. His best figures are 4/9 and he is tied for most wickets in the competition with Afghanistan's Fazalhaq Farooqi. During a talk show on a Pakistan news channel, the clips of which have went viral on social media, Inzamam said, «Arshdeep Singh, when he was bowling the 15th (16th) over, the ball was reversing. is it too early (for reverse swing) with a relatively new ball? This means the ball was ready for reverse swing by the 12th or the 13th over, Umpires should keep their eyes open (to spot) these things,» said Inzamam during a talk show.

Quant Mutual Fund, which is under Sebi’s investigation for a suspected front-running case, was sitting with around Rs 9,355 crore cash pile in May, an analysis by ETMutualFunds showed. This was around 12.41% of the total AUM. The total equity AUM of the fund house was Rs 66,052 crore. The fund house has around 21 equity mutual fund schemes. Of these 21 schemes, four schemes had more than Rs 1,000 crore cash in their portfolio. Quant Small Cap Fund had the highest cash allocation of Rs 1,607.37 crore. The total equity AUM of the small cap schemes is Rs 19,635 crore as on May 2024. Also Read | Why investors should not panic or stop SIP in Quant Mutual Fund after front-running crisis

budget in mid-July after a shock election outcome in which Modi failed to win a majority and has returned to power with the help of allies. The budget, Modi's first major policy announcement in his third term, is expected to lay out possible changes to India's economic priorities for the next five years, the tenure of the coalition government. Indian Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals while sticking to the nation's fiscal deficit target for the year, government sources have said.

Owaisi commented, “Everyone is making a lot of noise... I said, 'Jai Bhim, Jai Meem, Jai Telangana, Jai Palestine'...

World Health Organization said in a new study, calling it a “silent threat” that needs greater attention.Data published in The Lancet Global Health journal on Tuesday showed that more than a third (31.3 per cent) of the global adult population — or roughly 1.8 billion people — did not meet the WHO’s recommended levels of physical activity in 2022.This was an increase of almost four percentage points from 2016, when 27.5 per cent of the global population was insufficiently physically active.For adults, the WHO recommends 150 minutes of moderate-intensity, or 75 minutes of vigorous-intensity physical activity, or its equivalent combination of activities, each week.In Canada, 37.2 per cent of adults were reported as physically inactive in 2022, the WHO study showed, going up from 31.1 per cent in 2010 and 25.6 per cent in 2000. If these trends continue, by 2030, the prevalence of physical inactivity in Canada could go up to 41.4 per cent, the WHO estimates.“Unfortunately, the world is not going into the right direction,” said Ruediger Krech, WHO’s director of health promotion, during a virtual news conference.“Physical inactivity is a silent threat to global health, contributing significantly to the burden of chronic diseases such as cardiovascular diseases, cancers, diabetes or respiratory diseases,” he said.The WHO study looked at the levels of insufficient physical activity for 197 countries and territories between 2000 and 2022.

Arvind Kejriwal in the courtroom and asked it to place on record the material that they have for his arrest. Kejriwal was produced before Special Judge Amitabh Rawat. During the proceedings, the CBI sought court's permission to interrogate Kejriwal in the adjoining room so that CBI can proceed with his formal arrest.

Jonathan Trott believes Afghanistan will go into Wednesday's T20 World Cup semi-final against South Africa boosted by «having no scarring, no history» unlike the accident-prone Proteas. Afghanistan will be playing in the last-four of any World Cup for the first time. South Africa are still without a major global title with just the 1998 Champions Trophy to show for all their endeavours.

Indian-American couple to prison for coercing their relative to work at their gas station and convenience store for over three years by bringing him to the United States on the pretext of helping enrol him in a school. Harmanpreet Singh, 31, was sentenced to 135 months (11.25 years) in prison and Kulbir Kaur, 43, to 87 months (7.25 years) by the court that also asked them to pay the victim, his cousin, USD 225,210.76 (Rs 1.87 crores approximately) in restitution. The couple has since divorced. «The defendants exploited their relationship with the victim to lure him to the United States with false promises that they would help enrol him in school,» Assistant Attorney General Kristen Clarke of the Justice Department's Civil Rights Division said.

markets braced for a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar.

Gold prices were flat on Wednesday as the dollar and Treasury yields held firm ahead of a key inflation reading due later this week, which could provide more clarity on the Federal Reserve's interest rate path. FUNDAMENTALS

dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The euro eased marginally overnight and was steady at $1.0708 in Asia trade. At 159.71 per dollar, the yen's level has markets on alert since that is only a whisker shy of where Japanese authorities likely stepped in to buy yen in April.

Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies. The stock has slumped 13% and lost $430 billion in market capitalization since June 18, when it briefly became the world's most valuable company following a meteoric rise.

Sensex surged 712.44 points, or 0.92%, to close at 78,053.52, while the Nifty 50 settled 183.45 points, or 0.78%, higher at 23,721.30.Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, Nvidia shares to US consumer confidenceNifty 50 formed a long bull candle on the daily chart, which is indicating a possibility of decisive upside breakout of broader range movement at 23,600 - 23,700 levels. “One may expect upside momentum to pick up in the short term.

equity indices surged to record highs on Tuesday with the Sensex closing above 78,000 for the first time as renewed strength in private banks gave a fresh fillip to the market that had begun showing signs of fatigue after the recent rally. The BSE benchmark ended at 78,053.52, up 712.45 points or 0.92% after hitting its lifetime high of 78,164.71. NSE's Nifty rose 183.45 points or 0.78% to a close at a record 23,721.3. The index hit an all-time high of 23,754.15 during the day.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

Jude Bellingham, a young Real Madrid star, already tipped that his teammate and Turkey national team player, Arda Guler, would become a bigger talent than him. Even before Guler became the synonym of sensation at the Euro 2024, this interesting revelation is now being remembers by footballing geek, who are admiring Bellingham's eye for talent.

Deputy Prime Minister Chrystia Freeland says she still has faith in Prime Minister Justin Trudeau’s leadership, after the party lost what was once considered one of the safest Liberal seats in the country.

More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago, according to new research published by CIBC.