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Set to come into effect from Tuesday (22 October), the name change stems from requirements under SDR which restrict funds from using terms such as ‘impact' within their names unless they apply for an SDR label.  As part of the switch, the company's stock market ticker will become ‘CRT'.  Impact Healthcare REIT to change name following introduction of SDR Despite these changes, shareholders have been assured that their holdings will not be impacted by the name change and the investment policy, strategy and objectives will also remain the same.  The trust's intention to drop 'impa...

According to the Thinking Ahead Institute, the 2023 figure represented a 12.5% uptick from the previous year, after AUM fell 13.7%, or $18trn, during 2022. BlackRock, Vanguard, Fidelity, State Street and JP Morgan made up the top five largest money managers in the world, managing more than $30trn between them. For the first time ever, passive investment strategies accounted for more than one third of AUM among the 500 largest firms (33.7%). UK investment management industry AUM recovers to £9.1trn This was partly the result of «a compelling value proposition, particularly in ter...

Anand Mahindra, renowned for his uplifting social media presence, has once again engaged his followers with an inventive take on combating the notoriously infamous «Monday mornings.» This time, he highlighted a fascinating feature from Singapore’s Changi Airport that allows passengers to take a slide to their boarding gates. In a post on X, Mahindra shared a video showcasing this playful option at the airport. He used the slide as a metaphor for embracing the week ahead with enthusiasm and joy.

inflation is on a downward trajectory, but there is still significant ground to cover, according to the latest bulletin from the Reserve Bank of India released on Monday. The final stretch of disinflation hinges on controlling food inflation and mitigating its spillover effects on inflation expectations and core inflation. The bulletin. said that the monetary policy remains committed to aligning inflation with its target. However, geopolitical conflicts, an uncertain global outlook, volatile financial markets, and climate-related shocks pose key risks to both growth and inflation forecasts.

Dr. S. Jaishankar addressed the evolving dynamics of global relations, particularly focusing on India’s complex relationship with Canada, at an event in New Delhi. While speaking at NDTV World Summit 2024, the minister remarked on the shifting priorities in diplomatic discussions, noting a noticeable change in focus from the U.S. to Canada. Addressing specific concerns regarding Canada, Jaishankar pointed out issues related to diplomatic conduct. He noted that Canada had requested an inquiry into India's High Commissioner, prompting India to withdraw its diplomats. He contrasted this with the actions of Canadian diplomats in India, who he claimed freely gather information about India’s military and police, while imposing restrictions on Indian efforts to ensure the welfare and security of its diplomats in Canada.

Benchmark NSE Nifty closed 72.96 points down at 24781.1 amid selling in frontline bluechip counters.

KCP Sugar & Industries Corporation Ltd.(up 1.27%) stood among the top gainers.

Sobhita Dhulipala and Naga Chaitanya are preparing for their upcoming wedding. Before the big day, Sobhita gave fans a sneak peek into her haldi ceremony. Taking to Instagram, the ‘Made In Heaven’ actress wrote, “Godhuma Raayi Pasupu danchadam. And so it begins!" In Telugu weddings, traditions hold deep meaning, and one such custom is the act of "Godhuma Raayi Pasupu Danchadam," which translates to «grinding wheat, stone, and turmeric together.» This ritual symbolizes the unity and cooperation between the bride and groom, signifying the start of their shared life, where they will work together in harmony and share responsibilities. For the occasion, Sobhita donned a silk saree in peach, gold, and green hues, surrounded by her loved ones as she received blessings from her elders and participated in the turmeric grinding ritual, as is customary. Fans flooded social media with warm wishes for the actress, with one commenting, “So so aesthetically beautiful,” and another adding, “How beautiful you are.”

Sakshi Malik expressed that Indian wrestlers Vinesh Phogat and Bajrang Punia's choice to accept exemptions from the Asian Games trials last year negatively impacted the image of their protest against Brij Bhushan Sharan Singh. She further explained in the book that the move by the two wrestlers made the protest appear «selfish.» Malik criticised the decision to accept the exemption, stating it damaged the protest's reputation and led supporters to question the sincerity of their movement. The protest concluded after police halted their march toward the new Parliament Building on May 28, 2023. In her book, Witness, co-authored with journalist Jonathan Selvaraj, Malik noted that the protest began to falter as «greed» influenced those close to Punia and Phogat.

Paul Romer on Monday said Aadhaar is the most important technological system in the world right now and it has laid the foundation of a platform to enable people to avail government benefits, including direct benefit transfer. Speaking at the NDTV World Summit, Romer said that a similar platform could not be set up successfully in the US because they were monopolised by the private sector. «Aadhaar is the most important technological system in the world right now. Aadhaar solved only one problem. Present a person to me, and I will tell you what that person's number (is). »… But with that foundation, you can then build all of these fantastic services that you now enjoy," he said.

«UltraTech’s ambitious capacity expansion capitalises on the substantial long term growth potential of India’s cement sector. Its growth trajectory aligns closely with India’s broader growth story. By increasing its scale, the Company will meet the rising demand for cement nationwide,» said the press release by the Aditya Birla-owned entity. Moreover, to meet India's growing demand for cement, UltraTech plans to exceed its total capacity by 200 MTPA by FY27 through the acquisitions of Kesoram Cement (10.75 MTPA) and The India Cements (14.45 MTPA). This expanded manufacturing footprint is expected to help the Birla cement firm reduce operational costs, and improve customer service by leveraging the company’s nation-wide presence and its distribution network, UltraTech further said in the exchange filing.

Maharashtra assembly polls, the opposition Shiv Sena (UBT) on Monday alleged there were attempts to include bogus names in the voters' lists across 150 assembly constituencies which it claimed the BJP was planning to contest. An editorial in 'Saamana', the mouthpiece of the Sena (UBT) led by former chief minister Uddhav Thackeray, also claimed such «tampering» was being resorted to as the BJP fears a defeat in the state polls. Elections to the 288-member Maharashtra assembly are scheduled on November 20, and vote counting will be held on November 23.

Kunal Kamra has once again found himself in a spat with Ola- this time for highlighting troubling allegations regarding Ola’s service practices. In a recent post on X (formerly Twitter), Kamra shared an incident that allegedly took place at an Ola service centre, drawing attention to the behaviour of the company's bouncers. «Hey @bhash You’ve sold such an innovative indian product you’ve had to hire bouncers to protect the staff,» Kamra wrote in his post on X, tagging CEO Bhavish Aggartwal.

maternity leave pregnant again, was awarded a compensation of 28,000 pounds by an employment tribunal. The woman Nikita Twitchen, 27, was preparing to return to her office after having a baby when she found out she was expecting again. Before she could join back, her managing director Jeremy Morgan sacked her from her job to stop her going on another 36-week maternity leave, Daily Mail reported. Nikita Twitchen, an office administration assistant at First Grade Projects, began her role in October 2021. Left with no options to make her ends meet, Nikita was forced to take cleaning jobs while pregnant to support her family. She then took the building services firm First Grade Projects to an employment tribunal, launching an unfair dismissal claim, alleging that her pregnancy was the reason for her termination, where a judge ruled she was unfairly dismissed. ALSO READ: A Dive into Romance: Saudi couple gets married underwater in the Red Sea with attendees of fellow divers

Marico Ltd. slipped 1.09 per cent to Rs 661.85 in Monday's trade as of 01:28PM (IST). The stock hit a high price of Rs 669.35 and low of Rs 658.35 during the session.

Germany is focusing on attracting skilled workers from India, following new migration measures recently approved by Chancellor Olaf Scholz’s Cabinet. The move aims to streamline immigration processes and support the integration of Indian workers, addressing the critical workforce gaps caused by an ageing population. Germany, known for having the strongest economy in the European Union, faces increasing pressure to secure skilled labour to maintain economic momentum. Hubertus Heil, the German Labour Minister, emphasized India’s importance, saying, «Germany views India as an especially important partner when it comes to the issue of skilled labour migration.» The newly approved migration framework underscores the deepening economic relationship between Germany and India. With a focus on long-term economic sustainability, the German government aims to attract qualified Indian professionals across various sectors to address workforce gaps.

SRF Ltd. rose 1.77 per cent to Rs 2284.3 in Monday's trade. It hit an intraday high of Rs 2335.0 and low of Rs 2257.6, respectively, during the day. The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.

real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. «Investors have shown confidence in India's growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion mark in Q3 2024,» Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country.

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Most technical and derivatives indicators point towards a consolidation this week, with markets likely to be further driven by quarterly earnings, FII flows, geo-politics, and global market sentiments, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Bajaj Auto, Avenue Supermarts (DMart), Adani Green Energy and three more stocks. Excerpts: A lackluster beginning after a poor show in the previous week where Nifty ended with weekly declines of 0.44%. What does the chart indicate about its trajectory and what are the important levels for Nifty and Bank Nifty? Markets witnessed choppy trading sessions last week with the benchmark index Bank Nifty saving the day. A sharp rally in ICICI Bank, Axis Bank, SBI and HDFC Bank helped in the benchmark indices recover from the lows of the week with Nifty ending lower with weekly decline of 0.44% whereas Bank Nifty ended the week in the green, up 1.8% WoW.