Strategy Financial News

Mirae Asset Mutual Fund has revised the exit load period of its five fund of funds (FoFs). The changes in exit load will be effective from October 30. The fund house stated these changes on a notice cum addendum. The exit load of four FoFs has been reduced to 15 days from the existing three months whereas for one fund, the exit load period has been increased from 5 calendar days to 15 days.

Rishabh Pant on Wednesday overtook his superstar India teammate Virat Kohli to reach the sixth spot in the ICC Test rankings for batters. Fresh from a counter-attacking 99 in the second innings of the opening Test against New Zealand, Pant gained three spots in the rankings while Kohli, who made a fluent 70 in Bengaluru, dropped a place to be eighth. Opener Yashasvi Jaiswal remains India's highest ranked batter at four. India captain Rohit Sharma dropped two places to be joint 15th alongside Sri Lanka's Dimuth Karunaratne. England star Joe Root maintains a healthy lead at the top of the charts.

Paytm, operated by One 97 Communications, received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, lifting a regulatory freeze imposed on it earlier this year. This approval marks a significant development for the digital payments platform, which has been under scrutiny by regulators. Why was Paytm barred? In February 2024, NPCI restricted Paytm Payments Bank (PPBL), an associate entity of Paytm, from offering basic banking services citing compliance issues. This resulted in PPBL being barred from adding new users onto its UPI service. Eventually UPI payments moved from PPBL to Paytm where the latter became a third-party payment app. But the new user addition embargo was not lifted, and the application had been pending with the NPCI.

Could this year see another bull run? It’s too early to tell. But strategic investors have started accumulating coins in anticipation of turbocharged price action. While Bitcoin (BTC) is a top pick, more crypto coins are turning heads. Here are the three altcoins to watch as BTC eyes a year-end surge. 1. Flockerz (FLOCK) Flockerz (FLOCK) is a new crypto coin that has entered the market with an ambitious value proposition– community governance through a vote-to-earn reward mechanism.

Bombay High Court on Wednesday suspended the life sentence of notorious gangster Chhota Rajan in connection with the 2001 murder of hotelier Jaya Shetty, granting him bail in the case. A division bench comprising Justices Revati Mohite Dere and Prithviraj Chavan directed Rajan to furnish a bond of ₹1 lakh for his release. However, Rajan will continue to remain incarcerated due to other ongoing criminal cases.

BJP leader and former Minister C P Yogeeshwara on Wednesday quit his party and joined the Congress, which is now expected to field him in the November 13 Assembly bypolls from Channapatna. He met Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar, who is also the State Congress chief, after resigning from the primary membership of the BJP earlier in the day. Shivakumar inducted Yogeeshwara, who quit as an MLC on Monday, into the party at the Congress state headquarters here in the presence of Ministers Ramalinga Reddy, Krishna Byre Gowda, Cheluvarayaswamy, and Zameer Ahmed Khan, among other party leaders.

Priyanka Gandhi on Wednesday said that she began taking part in political campaigns in 1989 at the age of 17 years when she canvassed votes for her late father Rajiv Gandhi. Addressing a massive gathering at Kalpetta ahead of filing nominations for the upcoming Wayanad Lok Sabha bypoll, she said that in the 35 years since then, she has campaigned for her mother, Sonia Gandhi, her brother Rahul Gandhi and other party colleagues. Her statement also comes a day after BJP's Wayanad Lok Sabha bypoll candidate Navya Haridas said she was more experienced in representing people than Priyanka.

PEPU, the native crypto of Pepe Unchained, just crossed the $20 million milestone in its trending presale. Not another token riding the Pepe wave Pepe Unchained’s fast-moving presale has grabbed the attention of memecoin traders and influencers like ClayBro.

Radisson Hotel Group on Wednesday announced the signing of its sixth hotel in Bengaluru, the Radisson Hotel Bengaluru Aerospace Park, marking a significant expansion in India's Silicon Valley. This new property, featuring 157 rooms, is expected to be operational by the second quarter of 2027 and will create over 250 job opportunities across various functions. Strategically located just 20 minutes from Kempegowda International Airport, the Radisson Hotel Bengaluru Aerospace Park is set to cater to the growing influx of business travelers and corporate professionals.

Subscribe to enjoy similar stories. Foreign investors are pulling their money out of India. While that may not be surprising, the question is which global markets are catching the attention of foreign portfolio investors (FPIs) now? The short answer: Apart from China, it was South Korea, Japan and Indonesia.

Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday The second phase of the Xiaomi Intelligent Manufacturing Industrial Base is scheduled to be completed on June 15, according to a report by the National Business Daily citing a person familiar with the project. The report added that workers were working overtime to complete the project, which is adjacent to the first-phase factory located in Beijing's Yizhuang New Town, an economic development area in which many high-tech firms have set up shop.

These cryptos allow investors to diversify investments without infusing massive capital. Here are three altcoins under $1 to watch this season. 1. Pepe Unchained (PEPU) On top of the list is Pepe Unchained, a memecoin that combines the playful energy of meme culture with utility. Although memecoins are known to thrive on their themes and community engagement, Pepe Unchained has its sights set a bit higher.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

DSP Mutual Fund has announced a change in fundamental attributes of its two equity schemes: DSP Equity & Bond Fund and DSP Quant Fund. The changes will be effective from November 28. The fund house informed about these changes through a notice-cum-addendum.

Orhan Awatramani, or as most people know him, Orry, recently dropped a whopping 23 kilos, and he credits it all to a super simple change in his diet: a strict zero-sugar approach! Now tipping the scales at just 50 kg, Orry shared the details of his transformation on Arhaan Khan’s podcast, Dumb Biryani. For context, Arhaan is the son of famous personalities Malaika Arora and Arbaaz Khan.

Trump wins next month's U.S. presidential election, Mike Sagan's toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China to Vietnam, India and elsewhere after Trump introduced 7.5%-25% tariffs in July 2018, midway through his first term. Now Trump threatens blanket 60% tariffs on China, which Sagan sees as a game-changing «blunt» tool.

World Economic Outlook (WEO) and expected India to grow at 7 per cent in the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26). «In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted, as the economy reconnects with its potential,» the IMF said in the World Economic Outlook. Looking beyond the one-year outlook, the global economy faces a feeble period of medium-term growth, the IMF said as it called for a slate of reforms in its latest WEO during the annual meetings of the fund and the World Bank in Washington.

Indian Hotels Company Ltd. gained 0.51 per cent to Rs 659.35 in Wednesday's trade as of 11:16AM (IST). The stock hit a high price of Rs 662.7 and low of Rs 648.95 during the session. The return on equity (ROE) for the stock stood at 13.31 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 2.16 crore around that time. The stock of Indian Hotels Company Ltd. quoted a 52-week high price of Rs 720.6 and 52-week low prices of Rs 371.45, respectively.

Subscribe to enjoy similar stories. In today’s BANI (Brittle, Anxious, Non-linear, Incomprehensible) world, organisations face tremendous pressure to be agile and establish themselves as resilient.

Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively.

Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points.