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Achilles was launched last month by City veterans Christopher Mills and Robert Naylor, who are best known for orchestrating the sale of Hipgnosis Songs to Blackstone in 2024. Mills and Naylor's close-ended strategy looks to take advantage of the discounts within the investment trust sector, but run a concentrated portfolio strategy to target just one or two companies at any one time.  Duo behind Hipgnosis Songs sale launch activist investment trust Achilles Achilles holds shares worth 8.8% of the issued shared capital of Urban Logistics through Waverton Investment Management, TR Pr...

Subscribe to enjoy similar stories. It’s time to hedge America. Even though President Donald Trump has declared that April 2 will be America’s Liberation Day, stock investors may reach a different conclusion.

Subscribe to enjoy similar stories. Ukraine has navigated a turbulent political landscape since Russia’s 2022 invasion. Its strategy has shifted among direct negotiations, military offensives and increasingly complex diplomatic back channels.

Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, echoing a move made famous by MicroStrategy.

Of this, Rs 3,30,049 crore has been realised through minority stake sales in state-run firms and Rs 69,412 crore from strategic sales of 11 central public sector enterprises (CPSEs), Chaudhary said in a written reply. The strategic sales proceeds don’t include Rs 12,100 crore and Rs 320 crore received for NINL and FSNL (Subsidiary), as the government didn’t have any direct equity in these companies. Other transactions yielded Rs. 37,981 crore. He said since FY15, 18 CPSEs, including Life Insurance Corporation of India, have been listed, which yielded Rs 51,225 crore. An additional market capitalization of Rs 7.31 lakh crore was achieved through the new listings, the minister added. After the listing, further disinvestment in various CPSEs through offers for sale yielded Rs 1,34,771 crore, and Rs 45,104 crore was realized from the buyback of shares by 45 CPSEs.

The survey will gather information to help the watchdog better understand the ESG ratings market, examining elements such as the business models and group structures used to provide these scores, how the ratings are constructed and distributed, as well as the policies and processes implemented by firms. FCA to cut down on financial sector regulation as it prepares to launch five-year strategy The results will inform the FCA's cost benefit analysis (CBA), policy development and «help ensure that the future regulation is both proportionate and tailored to the needs of the market».  "...

Mobility solutions and financial services provider ORIX Corporation India on Tuesday said it has secured Rs 300 crore in equity investment from its Japanese parent firm ORIX Corporation for growth and expansion. The strategic investment reinforces the group's long-term commitment to India's rapidly growing mobility and financial services sectors to further strengthen its footprint in the domestic market and accelerate the expansion of ORIX India's leasing, mobility, and financial services businesses, a statement said. The growth capital will help ORIX India scale its leasing and mobility solutions businesses under ORIX Corporation India Ltd while also driving the growth of its financial services portfolio under ORIX Leasing and Financial Services (OLFS), the wholly-owned subsidiary of ORIX Corporation India Ltd, it said. The investment will also support key initiatives including digital transformation, infrastructure enhancement and sustainability-driven initiatives such as green mobility and EV leasing, the company said.

In a statement released today (25 March), the financial watchdog said it is moving to simplify rules for financial firms so that they can «give people clearer information to help them find and compare financial products». FCA to cut red tape around corporate bonds in push for greater retail investor and wealth manager access The FCA has put forward proposals to assess its expectations for mortgages and lending, and to analyse ways to make communications about savings accounts simpler. FCA's action plan also includes reviewing parts of its credit advertising rules, such as «len...

HRI's board had repeatedly called on its shareholders to vote in favour of the trust's continuation, and took up the charge against the Manhattan-headquartered activist hedge fund, which it believed was planning to vote against the strategy, potentially triggering a wind-down. Herald shareholders urged to support continuation at AGM as Saba vote could lead to wind-up of the trust In January, around two thirds of HRI shareholders overwhelmingly voted against Saba's eight proposed resolutions when it attempted to quasi take over the company and in yesterday's (24 March) vote, 69.1% of s...

RGL's case is centred on HL's continued promotion of the former Woodford Equity Income fund (WEIF), up until its suspension in 2019, even though the strategy was already facing diversification and liquidity issues. Thousands of Woodford investors join RGL lawsuit against Hargreaves Lansdown In an update posted to RGL's website yesterday (24 March), it said «a further cohort of claimants is currently being prepared». The number of people joining the case has grown significantly in recent months and weeks. Back in November, the total number of investors in the lawsuit was over 5,0...

Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant. The company’s multi-pronged approach involves entering the refining and petrochemical sectors, trading liquefied natural gas and growing its renewable capacity. According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity use leading to a surplus of oil and gas. ONGC is among the several oil majors looking to diversify their business strategies as the global economy moves away from fossil fuels.

Howard Lutnick has revealed some startling details about world's richest man Elon Musk. Lutnick spilled beans before the election and long before the Department of Government Efficiency (DOGE) was established to slash the federal spending, according to TOI. In the All-in podcast, Howard Lutnick confirmed his plans to collaborate with Elon Musk on strategies to reduce government spending if Donald Trump wins the election. Their first meeting was set for October 14, a significant day for Musk, as SpaceX made history by successfully catching a rocket upon landing. ALSO READ:Who is Jeffrey Goldberg, the Atlantic's editor who was 'accidentally' added to top Trump officials' secret Yemen strike chats

As the financial year draws to a close, taxpayers to scramble to minimize their tax outgo. While common deductions under Sections 80C and 80D get all the attention, one powerful yet underutilised tax-saving tool remains overlooked—the Hindu Undivided Family (HUF). Many shy away from it, fearing complexity, but with the right approach, an HUF can be a game-changer for tax planning and long-term wealth preservation.

I believe this key insight is crucial when dealing with equity market volatility. Other asset classes, like gold and real estate, do not share this characteristic.

Subscribe to enjoy similar stories. The notion of American economic exceptionalism hasn’t exactly panned out so far this year. The U.S.

Fidelity Investments and Charles Schwab are prohibiting clients from investing in money-market ETFs on their trading platforms, an unusual move for the financial powerhouses who typically permit easy access to funds that already trade on an exchange. The two firms are blocking purchases of three exchange-traded funds offered by BlackRock and Texas Capital, the first to track money-market securities such as Treasury bills and other government-backed debt in an ETF structure. The new funds serve as a direct challenge to mutual-fund providers, who have long been big, established players in money-market products. Fidelity and Schwab alone manage trillions of dollars in money-market assets, and this month, Schwab filed plans to launch its own government money-market ETF.

Jewellery stocks have gained traction over the past week after failing to earn returns in the previous three months. The stocks were under pressure on account of concerns over rising gold prices which may affect demand. However, companies expect to maintain the growth momentum in the March quarter as high prices are likely to support the top-line growth amid slower volume growth. Store expansion and rising average transaction values are key growth drivers for the sector. Listed jewellery companies including Titan Company, Kalyan Jewellers, PN Gadgil Jewellers, Thangamayil Jewellery, and Senco Gold have gained 2-20% over the past week compared with 4-40% drop over a three-month period. Fluctuating gold prices continue to be a double-edged sword for jewellery retailers. While higher prices boost revenue, they also impact affordability leading to softer volume growth. However, demand, among other factors, also depends on seasonal factors such as weddings and festivals.

With only a week remaining until the end of the current financial year, now is the right time for investors to book their unrealised losses to reduce the overall tax bill. Several investors may be sitting on losses this year, given the market correction over the last few months.

In an interview with the FT, Alder said the plan comes as part of a fresh five-year strategy that the regulator will bring to market this week, with the aim to both help consumers make higher gains on their savings and increase faith in financial markets by clamping down on fraud.  FCA drops plan to name and shame firms under investigation Alder stressed the importance of a focus on a «rebalancing of risk», with the FCA wanting to make progress on «the risk of not deciding to, for example, participate in or access financial products or services that can lead to greater long-term retur...

Chirag Doshi, CIO-Fixed Income at LGT Wealth India, believes the current market conditions are ripe for investors to capitalise on bond investments—particularly medium to long-duration government securities. In an interaction with ETMarkets, Doshi recommended a strategic shift in portfolio allocations, especially for those aiming to benefit from the anticipated rate easing cycle. “It is always advisable for clients in an easing interest rate cycle to shift their portfolios towards medium and long duration bonds to make use of the capital gains that they would have when the prices move up and the yields go down,” he explained.

NPS and he buys health insurance for himself and his parents.