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Subscribe to enjoy similar stories. There used to be a time when upon joining a gym, the first thing trainers would make you do would be to stand on a BMI (body mass index) machine, enter your height and weight, and wait while it whirred and spat out a receipt with your number. While BMI is basically a value derived from the mass (weight) and height of a person, the machine would also give data on visceral fat, real age and other determinants that could either be impressive or scary or both.

value investing style has stood out, as ICICI Prudential's Rs 50,000 crore Value Discovery Fund has grown at a staggering pace of 21% CAGR. An investment of Rs 10 lakh made at the time of the scheme's inception in August 2004 would now be worth around Rs 4.67 crore. S Naren, CIO of ICICI Prudential AMC, who has been running the fund for the last 2 decades, says value investing has remained relatively uncrowded over the years.

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production

«Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy,» says Dharmesh Shah, ICICI Direct. Let us begin by discussing some of these large private banking names itself. ICICI Bank making fresh records high. HDFC Bank, a powering move of around 2%. What do you make of this strength in Bank Nifty and do you expect it to continue in the coming week? Dharmesh Shah: We believe this momentum should continue. And if you look at the Bank Nifty, I think that has given a major breakout and we expect this Bank Nifty to head towards 55,500 for the near term. So, yes, Nifty looks positive. Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy.

Subscribe to enjoy similar stories. Shares of IIFL Finance Ltd surged nearly 9% in Friday’s early trade after the Reserve Bank of India (RBI) revoked the ban on the company’s gold loan business. As a result, IIFL can now resume disbursing and selling gold loans.

Etihad Airways Group CEO Antonoaldo Neves has the precarious job of balancing growth with profitability and margins as the Abu Dhabi-based airline seeks to save $150 million in costs a year while doubling its size. In a conversation with ET’s Forum Gandhi and Anirban Chowdhury, Neves talks about Etihad’s plans for India, which is among its top three markets globally. Edited excerpts: You joined Etihad in 2022 as it narrowed losses and made management changes. With a half-year profit and shifting in its strategy, what were your main focus areas? What milestones did you achieve? We see Etihad’s journey in three phases. The first 15 years focused on creating a global brand and expanding. Then, for five years, the airline was restructured and downsized to 60 planes. Now, we are ramping up again… We have 92 aircraft in our fleet. In 2022, we broke even. Now, in phase three, we’re planning the airline’s future and restructuring the network to be more profitable, shifting from ultra-long haul to mid-haul and prioritising point-to-point operations from Abu Dhabi. We also aim to double our capacity in India, utilising the available seats in bilateral agreements, and we’re pleased with our performance here. You’re one of the few premium airline CEOs discussing costs. You have previously mentioned a target of $100-150 million in annual cost cuts. How do you balance growth with these cost reductions?

A definitive platform to celebrate soonicorns—a name given to startups on the cusp of becoming unicorns—the summit has a long, illustrious list of industry leaders, policymakers, and industry inside leaders, who will let attendees have a peek into their playbooks for navigating the highs and the lows of the startup ecosystem in India. However, what’s a soonicorn summit without sessions designed exclusively for soonicorns? Bringing together over 15+ speakers across three curated topics, these closed-door conversations promise to take you on a knowledge-sharing tour, with some of the most disruptive players of the Indian startup ecosystem set to share their playbooks.

The Bank of Nova Scotia has created a new executive position to increase its focus on Quebec, a region where the Toronto-headquartered bank feels it needs “more boots on the ground to generate more business.”

Subscribe to enjoy similar stories. High net-worth individuals (HNIs), who have historically taken a conservative approach, are increasingly diversifying their portfolios beyond traditional asset classes and fixed-income instruments. Factors such as rising incomes, evolving financial markets, technological advancements and changing market dynamics are driving this trend.

Subscribe to enjoy similar stories. Finding a job in tech by applying online was fruitless, so Glenn Kugelman resorted to another tactic: It involved paper and duct tape. Kugelman, let go from an online-marketing role at eBay, blanketed Manhattan streetlight poles with 150 fliers over nearly three months this spring.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Fed policy outcome, the Nifty experienced significant volatility. In the first half, it rose towards the 25,500 levels; however, in the second half, it surrendered all gains and fell below the 25,300 levels. Nonetheless, it managed to recover half of its losses and closed near the 25,350 levels. “So, technically, the range is 25,200 to 25,500, and it is currently exactly in the middle of that range. From a derivatives point of view, there is the highest open interest (OI) on the call front at the 25,500 strike, whereas the put side shows the highest OI at the 25,000 strike, indicating a range of 25,000 to 25,500 levels,” said Jay Thakkar, Vice President and Head of Derivatives and Quant Research at ICICI Securities.

Subscribe to enjoy similar stories. Mumbai: Aditya Birla Capital is banking on three digital platforms to drive growth, as it looks to stand out in a space marked by stiff competition. The financial services arm of the Aditya Birla conglomerate has already launched two of these platforms.

Gérard Mestrallet, French President Macron’s Special Envoy for the India-Middle East-Europe Economic Corridor (IMEEC), who was in India this week told ET’s Dipanjan Roy Chaudhury that President Emmanuel Macron has made this project a priority. Macron sees IMEEC as a way to enhance connectivity and foster integration between India, the Arabian Gulf and the European Union. Q: Can you share French perspective on IMEEC? A: France has been a staunch supporter of the IMEEC project from the outset.

military preparedness must be of very high order and it should be ready to confront short and intense conflicts as well as long duration wars, Chief of Defence Staff Gen Anil Chauhan said on Wednesday amid the dragging border row with China in eastern Ladakh. In an address at an event, Gen Chauhan also identified operational preparedness, modernisation of the armed forces, transformation and indigenisation of military hardware as key pillars to boost national security. «In the most violent decade since World War II, there is a growing propensity amongst nations to use force to contain conflicts,» he said. «The growing uncertainty and insecurity is leading nations to renew their national security strategy and increase expenditure on defence,» he noted, according to the defence ministry.

In the trust's final results, chair Christopher Russell said the board will keep monitoring the discount to determine whether it is a «temporary aberration» or a longer-term signal that action additional to buybacks may be required. RICA's discount to net asset value expanded from 3.1% at the start of the reported period to 5% by 30 June. According to the Association of Investment Companies, the discount now stands at 4.7%. Ruffer managers bet portfolio's 'ugly duckling' assets will turn into swans once market turns The board will seek approval from shareholders once again to refre...

Subscribe to enjoy similar stories. Five years ago, the Union government decided to establish a water resources management authority with sprawling ambitions for India’s northeastern states. It would oversee water-related projects in the region, which has several crucial rivers, including the Brahmaputra, Manas, and Teesta, originating from or flowing to India’s northeastern neighbours.

Subscribe to enjoy similar stories. When planning your finances, there's always plenty of advice on how and when to invest in mutual funds. However, an equally important question is all but ignored — when should you sell your mutual fund investments? Knowing when and why to sell a mutual fund is just as important as knowing which fund to invest in, and requires a mix of strategy, timing and foresight.

The initial public offering (IPO) frenzy is pushing more investors to test their luck, but despite the enthusiasm, most applicants seem to miss out amid heavy oversubscription, and the process remains largely a game of chance.

During this interactive event, we will hear from a number of expert fund managers about how they are evolving their sustainable and impact investment processes, how they engage effectively with companies and how they are responding to increased regulatory scrutiny. The fund manager speakers will also explain where they are finding opportunities and managing risks in a rapidly changing area for investors, as well as how their strategies may fit in client portfolios. By attending this event, you will also get the chance to network with peers, as well as benefit from CPD points. Join ...