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: From early beginners to aggressive investors, it is impossible to ignore mutual funds while planning a long-term investment strategy. Similarly, it is unthinkable to manage mutual fund investments without Livemint’s coverage of MF news, returns, NAVs, fund managers, SIP, NFOs, equity MFs, and other mutual fund schemes.

Wealth management in India is experiencing rapid expansion, becoming one of the fastest-growing sectors within the financial services industry. This growth is fuelled by the country's robust economic development and a rising number of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs).

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Vijay Kedia’s portfolio stock Patel Engineering surged 13% in 2 days to a high of Rs 60.71 on BSE today after the company on Thursday had announced that its signed a Memorandum of Understanding (MoU) with RVNL to collaborate on Hydro and other infrastructure projects. “The agreement outlines a framework for collaboration between the Company and RVNL to leverage each other’s strengths and capabilities in pursuing hydro and other infrastructure projects. Under this MOU, both parties will explore opportunities to work together in various capacities,” said the company in a filing to the exchanges.

Nifty at new all-time high of 25,236 simply indicates momentum as it steps in uncharted territory. The upward momentum is evident specifically with a directional contribution from Pharma, Tech and Finance. At present, the underperformance in Bank Nifty and other sectors make the current rally very specific in terms of outperformance from sectors like Finance, commodities, Pharma and tech.

MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific CEO for the bank, tells Joel Rebello the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon. Edited excerpts: You doubled down on your investment in DMI Finance last week. What is the strategy for investments in India?

₹51,261.63 crore in FY24, primarily caters to food and FMCG customers in the western, central and northern India. "The group is planning to acquire a company from southern India engaged in the spices and ready-to-cook food business. Another company the group plans to take over is from eastern India.

Localisation and customer service are key to success in any market, Agoda chief executive Omri Morgenshtern said. «Deep local merchandising or localisation is what we do when we go to any market. Every market you go to, you have two problems: problem number one is trust… nobody knows you and, as a result, they don't trust your service,» he said. «Problem number two is customer education in a B2C (business-to-consumer) business. Educating customers about something that they are not used to doing is horrible, super painful, costly… slower adoption. What you want to do is bring yourself, as much as you can, to look and behave like a local brand. Don't educate people… slowly, start being a local.»

will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said. Singhania expects Raymond Lifestyle to be listed this week, the entity which will house apparel-related businesses of the Raymond group, including its apparel brands, garmenting, suiting, shirting, and wedding fabric, along with its retail business — The Raymond Shop and Ethnix. The nearly 100-year-old group has started the demerging process for its fast-growing real estate business. Once the process is complete, it will have three listed verticals — real estate, lifestyle and engineering — remaining with the main listed entity.

Ukraine’s incursion into Kursk isn’t just a brash bid to upend Russia’s invasion. It also marks the first time that a declared nuclear power has faced invasion and occupation by another country. For decades, nuclear-escalation theory has presumed that countries with atomic weapons were largely immune from attack because an aggressor risked triggering armageddon.

Pakistan's Inter-Services Intelligence (ISI) with terrorist groups, former US National Security Advisor Lt Gen (retd) H R McMaster has said, revealing that during his tenure under then President Donald Trump, the White House faced resistance from the state department and Pentagon over providing security aid to Islamabad. Despite directions from Trump to stop all aid to Pakistan till it stops giving safe havens to terrorists, McMaster in his latest book 'At War with Ourselves: My Tour of Duty in the Trump White House' says that the then Defence Secretary Jim Mattis was planning to deliver a military aid package to Islamabad that included over USD 150 million worth of armoured vehicles. However, the aid was stopped after his intervention, McMaster writes in the book that hit the bookstores this week.

premium offerings as budget-conscious consumers dial down on fast food while upmarket chains and restaurants take a big bite of gourmet burgers. Inflation has taken a toll on the current value pack, which does not come anywhere close to the original offering. This has diluted the messaging of cheap meals on the go, pivoting quick-service restaurants up the value chain.

Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and boost earnings. «Astro's acquisition is part of our plan to become one of the world's largest marine operators,» said Ashwani Gupta, wholetime director and CEO of APSEZ. «Astro will add 26 ships to our current fleet of 142 tugs and dredgers, making a total of 168 ships. This will also give us access to many important customers and strengthen our presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.» The deal valued Astro Shipping at $235 million. The company offers maritime services including ship management, shipping agency, freight forwarding, and chartering.

Jharkhand chief minister Champai Soren on Friday finally joined the BJP ahead of the upcoming polls in the state. He joined the BJP during a public meeting in Ranchi in the presence of national and state BJP leaders. Union minister and BJP's state election in-charge Shivraj Singh Chouhan, Assam CM Himanta Biswa Sarma, BJP Jharkhand in-charge Laxmikant Bajpai, state president Babulal Marandi were present during the public meeting-cum-joining programme of Champai Soren. Soren expressed his gratitude for the leadership of PM Narendra Modi and home minister Amit Shah and said that he will continue his fight for the tribal pride and will work for a better Jharkhand in BJP.

Vistara said on Friday that its aircraft and passengers will be handled by Air India from November 12, as the merger of the two Tata Group-owned airlines comes closer with Singapore Airlines (SIA) getting approval from the Indian government for acquiring a 25.1% stake in the erstwhile state-run carrier. «Starting 3 September, customers will, progressively, no longer be able to make bookings with Vistara for travel on or after 12 November. All Vistara aircraft thereafter will be operated by Air India and bookings for the routes operated by these aircraft will be redirected to Air India's website. Vistara will continue to take bookings and operate flights as usual till 11 November 2024,» Vistara said in a statement Friday. Tata Sons owns a 51% stake in Vistara, while SIA holds 49%. Air India is currently owned fully by Tata Sons.

Some of them are rolling out certification programmes with top universities like Massachusetts Institute of Technology and Stanford for their top executives, while several others are holding bootcamps and having peer knowledge-sharing initiatives and tailored learning roadmaps to ensure that the leaders understand AI’s implications on strategy and talent, and its uses and regulations across industries. Professional services firm Genpact is building a core artificial intelligence focus to foster expertise and innovation by training CEOs and other top executives. As much as 85% of its senior leaders are expected to undergo certification from institutions like MIT by the end of 2024 in applied AI leadership, or the use of AI in a business setting, said country manager Piyush Mehta.

Dogecoin ($DOGE) yesterday slipped below $0.10, making for a 6-month low, however its descent has slowed after news broke earlier that a Federal court dismissed charges that Tesla/X CEO Elon Musk used X to manipulate the token’s price.

Wipro on Friday appointed Srikumar Rao as global head of its engineering edge business line, effective October 5. He succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organisation. Srikumar has been with Wipro for 26 years and will report to chief executive Srini Pallia in his new role. He was the chief operating officer (COO) of Wipro engineering edge (WEE) and global practice head of embedded systems. In his new role, Srikumar will continue to scale and strengthen Wipro’s engineering prowess, said the company in a filing with BSE. He will also be responsible for defining the vision and growth strategy for Wipro’s ER&D Services business.

Recognising a critical gap in the real estate market, Credvest has designed Parking Capital to serve developers and investors. Developers gain access to essential capital and resources necessary for land acquisition, fostering growth in micro-markets. Simultaneously, investors can enjoy the opportunity to earn passive income through lucrative returns from real estate bonds offered by Parking Capital. Parking Capital is committed to thorough due diligence, encompassing financial, legal, and physical aspects. With pre-determined exit strategies tailored to individual investment capacities, investors can choose from monthly, quarterly, or annual interest payout options, ensuring flexibility and reliability.

: From early beginners to aggressive investors, it is impossible to ignore mutual funds while planning a long-term investment strategy. Similarly, it is unthinkable to manage mutual fund investments without Livemint’s coverage of MF news, returns, NAVs, fund managers, SIP, NFOs, equity MFs, and other mutual fund schemes.

Sensex and Nifty50, rebounded from a slow start to close at fresh record highs on Thursday, driven by gains in index heavyweights like Reliance Industries, as well as financial and IT stocks. The 30-share BSE benchmark Sensex advanced 349 points or 0.43% to settle at 82,134. The broader NSE Nifty gained 99.6 points or 0.40% to end at 25,152.