Strategy Financial News

Ravi Gandhi, Additional Director General (ADG), BSF Eastern Command, Kolkata, who is also heading committee constituted by Ministry of Home Affairs (MHA) Government of India to monitor the current situation on Indo-Bangladesh border, conducted a comprehensive review of the operational preparedness and prevailing security scenario along the Indo-Bangladesh. He is on a four day-long visit to the international border to the BSF Guwahati Frontier's area of responsibility. On the first day of his visit at Sector Headquarters Gopalpuri Gandhi was briefed by Makrand Deouskar, Inspector General (IG) of Guwahati Frontier, along with senior staff officers.

The International Monetary Fund (IMF) reports that crypto mining and data centres together account for 2% of global electricity. This figure is expected to rise to 3.5% within the next three years, raising concerns about the environmental impact of these energy-intensive industries.

Mahindra Finance said on Friday that it appointed Bijoy Thaplial as chief business officer (leasing, partnerships and payments) and named Mod Narayan Singh its chief compliance officer. With more than 27 years of experience, Thaplial will lead Quiklyz (the vehicle leasing and subscription business of Mahindra Finance), identify and foster meaningful alliances and strengthen the execution strategy across all payment products, the company said. Thaplial, who previously worked at Axis Bank, will also focus on advancing leasing strategies, fostering partnerships, and improving payment and lending solutions to drive growth and enhance customer satisfaction, it said. The company said last month that Thaplial would join on August 1.

It basically happens when managers favour those who work in the office due to their immediate availability over those who are remotely located. This accidental favouritism further leads to loss of opportunities, low morale and isolation for remote workers. To prevent this bias from disrupting workspace harmony, it’s important to understand how it harms the diversity, equity and inclusion (DEI) efforts of the organisation and the kind of strategies leaders can take to bridge the communication gap between in-office and remote workers.

“Allocate new money to a multi-asset allocation strategy or an equity savings fund with lower equity allocations,” says Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Retail investors should prioritize building a well-rounded portfolio that includes both equity and debt, aligning their investments with their financial goals rather than chasing short-term market trends” Edited excerpts: The market touched record highs post-budget, followed by a slight dip triggered by global cues. However, the Indian market managed to bounce back, which seems to be due to core economic strength. What are your views on this, especially considering the recent Hindenburg drama? Sahil Kapoor: Over the last two to three months, the rate of ascent in the market has been slowing down. The market is now spending more time reaching higher highs than it was earlier, indicating a shift in momentum towards consolidation.

Prominent Wall Street firms and large institutional investors bought into spot bitcoin (BTCUSD) exchange-traded funds in the second quarter, a sign of a healthy appetite for the products in the traditional financial sector.

Carlsberg global chief executive officer Jacob Aarup-Andersen said the Danish brewer does not need a new strategy for the Indian market after it completes the deal to fully own the business in the market growing four times faster compared to the overall beer segment. Earlier this month, Carlsberg agreed to buy a third of its stake from Khetan group, its joint venture partner, to take full ownership of the India and Nepal operations. «We do expect to get full control of the business in a couple of months once the process has run its course. It's going to allow us to accelerate investments to capture the long-term opportunities in these markets,» Andersen told investors, adding it was too early for us to start laying out the strategy for India.

The first half of 2024 has seen assets serviced by NewEdge Capital Group soar to more than $55 billion.

Two TAMP providers have just joined forces to help RIAs provide a new level of diversification within their clients’ portfolios.

LPL has gained strength yet again in Georgia’s mass-affluent network as it welcomes a five-advisor ensemble from Osaic.

Bank of Nova Scotia has recruited a team of seven from JPMorgan Chase & Co. in Texas to launch a new mortgage capital markets business in Houston.

Cyril Amarchand Mangaldas has been dominating legal industry headlines. Last month, the firm hired a team of more than 50 capital markets lawyers led by nine partners from smaller rival practice IndusLaw, depleting the latter firm’s capital markets offering entirely. Over the past two weeks, it has continued to aggressively hire partners laterally from competitors such as Luthra and Luthra Law Offices, Trilegal and S&R Associates. More hires will be made shortly, CAM managing partner Cyril Shroff told Law.com International, adding that new partners would be brought in to the firm’s banking and finance, private equity and corporate practices.

Campbell, who has been with the Edinburgh-based asset manager for 25 years and a partner for 12, will take over as managing partner alongside Malcolm MacColl and Amy Atack, once Telfer retires in March 2025.  He started his career at the firm in 1999 as an investment trainee and later became an investment manager on the emerging markets team.  In 2007, he transitioned to the clients department, where he managed relationships with clients involved in emerging markets strategies. He became a partner in 2012 and now serves as the chair of the firm's management and group risk committees. ...

₹2,550 crore (about $30.5 million) in the Union budget for 2024-25. These CoEs aim to position India prominently on the global AI stage through foundational and multidisciplinary research and the development of core AI technologies. Similarly, the National AI Mission aims to build and support our AI ecosystem through a combination of public expenditure and supportive policies.

Indian institutional investors now consider sustainability information essential in their due diligence process, a study by Deloitte and The Fletcher School at Tufts University said, adding as sustainability becomes more integral to investment management, trust in the ESG data used to inform these decisions is lacking, posing challenges in accessing trustworthy data. «According to Indian investors, the inconsistency or incomparability of ESG rating data (73 per cent), cost constraints on integrating ESG data into investment decision models (71 per cent) and lack of measurable outcomes in corporate disclosures (70 per cent) reduce the trust factor of available sustainability data, inhibiting their ability to implement ESG investment strategies,» Deloitte said citing its study titled 'Investor trust in sustainability data'. The study further highlights that Indian investors are more likely to trust in-house proprietary data systems and audited (or assured) corporate disclosures for sustainability analysis. However, as compared with global investors, Indian investors are less likely to rely on external data sources and ratings.

of the Nifty 50 index. Data compiled by DSP MF shows that the market capitalization share of the top ten Nifty companies is hovering around 20%, an all-time low compared to the overall universe of stocks. There are equal-weighted funds for the Nifty 50 and Nifty 100 indices in the industry, but none track the equal weight of the top 10 stocks in the Nifty index.

With their high liquidity and transparency, they allow investors to tap into precious metals' enduring value, mitigating market fluctuations risks and ensuring a balanced investment strategy. Over time, and with the advent of Exchange Traded Funds (ETFs), investing in precious metals like gold and silver has become more accessible, lower cost, and efficient for individual investors. In fact, Indian investors have already put in over Rs 40,000 crore in gold and silver ETFs.

financial independence in these years not just desirable, but essential. Retirement planning is not merely a financial exercise; it is a strategic alignment of today's investments with tomorrow’s needs, ensuring a sustained quality of life even after the steady flow of income ceases. A robust retirement plan is one that not only secures your future but also ensures a continuous income stream during your golden years, safeguarding your independence.

Investment management firm Vanguard Group on Wednesday bought more than 11.4 million units in REIT firm Nexus Select Trust for ₹158 crore through open market transactions, while Morgan Stanley sold its stake in the company. Nexus Select Trust is India's first real estate investment trust (REIT) backed by retail properties.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

The original meme coin Dogecoin ($DOGE) is down bad over the last fortnight. $DOGE holders saw their bags deflate by 15% over the last fourteen days as the world’s favorite meme now changes hands at $0.1052.