Strategy Financial News

Anand Mahindra has hinted at the upcoming launch of much anticipated BSA Goldstar 650. His post, accompanied by the date "AUGUST 15TH @bsamotorcyclein," has sparked excitement among motorcycle enthusiasts.Adding to the anticipation, BSA Motorcycles India recently shared a cryptic image on its X account, featuring the Goldstar 650 in silhouette and the caption "Riding on 15th August." This suggests that the much-anticipated bike is set for its Indian debut on the same day.According to a report by Bikewale, Classic Legends is poised to introduce BSA's revered nameplate to the Indian market. The Goldstar 650 will mark the first product under the BSA brand in India, following its international release.

Manulife Financial Corp.’s Asia business posted further gains, with strong insurance sales in Japan and Hong Kong, offsetting lower earnings in its U.S. division.

cryptocurrency sector. Recent market behavior has shown that cryptocurrencies often move in tandem with broader market trends. This raises questions about their stability amidst the ongoing economic turbulence.

In the five-year period to 31 March 2024, all of the fund's share classes failed to outperform its benchmark by -10.8% per annum, according to the firm's latest Assessment of Value report.  The £164.4m fund's total returns were also down almost 15.9% over the last year and 46.7% over the previous three years, according to its factsheet. Franklin Templeton launches its first Japan index tracking ETF Franklin Templeton's board of directors noted the strategy had delivered strong returns for shareholders in the past – beating the benchmark in almost two thirds of the rolling five-year...

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Balanced Advantage fund, the second-largest dynamic asset allocation scheme with assets under management of ₹60,000 crore, reduced its equity allocation to 31.2% in July, the lowest in the past 20 months, amid increasing equity valuation. «The fund is run in a countercyclical manner, paring down equity when markets rise and increasing it when markets fall. In line with the model and the prevailing high equity market valuations, the net equity levels of the fund have been reduced,» said Sankaran Naren, CEO, ICICI Prudential Mutual Fund. Balanced advantage funds invest in a mix of debt and equity, based on market valuations. Such schemes lower allocation to equities when market valuations appear expensive and vice versa. The net equity component in the scheme can vary between 30% and 80%, with the balance being invested in a mix of arbitrage and debt, with total equity allocation above 65%, thereby giving it equity taxation. Fund managers decide equity valuations based on the trailing price-to-earnings (PE) ratio of Nifty 50 or S&P BSE 100 and use other ratios like price-to-book and dividend yield to decide equity allocation.

It’s been rough sledding for the S&P 500 in the past month. The benchmark index is down over 4 percent as questions about the strength of the economy have begun to rein in those rampaging bulls.

Reliance Industries has reduced nearly 11%, or 42,000 people, of its workforce in FY24 compared to a year ago, indicating cost-efficiency drives and reduced hiring especially in retail which also saw store closures and slower expansion rate. RIL's employee strength stood at 347,000 in FY24 compared to 389,000 in FY23. The number of new recruits was slashed by more than a third to 170,000, according to its latest annual report. «The new lines of businesses (at Reliance) have matured now and have significant support from digital initiatives. Now they are a stage to better manage the operations with optimum strength. It doesn't mean that the numbers (of headcount) won't increase when new business opportunities emerge and strategy changes. They understand very well how to drive cost management and efficiency,» said an analyst with a leading broking firm who tracks Reliance Industries, but did not wish to be named.

In the face of economic uncertainty and Japan’s sustained low-interest rate environment, Bitcoin is drawing increased attention from investors seeking higher returns.

Blackstone Inc. debuted an infrastructure fund targeting individuals with at least $5 million of investments, departing from the paths of rivals such as KKR & Co. and Apollo Global Management Inc. that have courted the less-wealthy “mass affluent” for such funds.

$NOT, the token underpinning crypto’s viral new Telegram-based social clicker game Notcoin, surged 49.4% from a seven-day low of $0.0085 to a high of $0.0127 yesterday evening UTC.

Bharti Airtel and Reliance Jio have ramped up efforts to expand their fixed wireless access (FWA) offerings to provide home broadband services, which is helping them monetise 5G airwaves and boost data usage. The strategy to offer 5G on standalone (SA) technology for FWA helps the telcos reduce dependency on capital-intensive fibre deployments to offer home broadband services in the near-term, analysts said. The 5G on SA technology is a pureplay 5G network, while 5G non-standalone (NSA) technology — which Airtel uses for speedy deployment of pan-India 5G mobile services — entails a lesser investment as it leverages the existing 4G mobile infrastructure, they said.

Apollon Financial, a fee-based provider of advisory services affiliated with Apollon Wealth Management, has just expanded its reach in the Southeast with its latest acquisition.

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

Saldanha is the lead fund manager for the £581.2m Global Equity Income fund and co-manager for the £515.7m Global Equity Endurance and $44.4m Social Transition Global Equity funds. Kirby co-manages the Global Equity Income strategy and Social Transition Global Equity funds alongside Saldanha, while de Bruin co-manages the Global Equity Endurance strategy, both the OEIC and the $909.3m Luxembourg-domiciled SICAV.  Trio of Aviva Investors funds fail to deliver value to investors as performance suffers A spokesperson for Aviva Investors confirmed the trio are leaving the firm to pursu...

«There may be years where you might see a muted volume growth of about 5-6-7%, but the value growths are far more higher and that is probably reflected in some of the results, like the Maruti results that we have seen for the last the entire financial year 24 and also the first quarter of financial year 25, where the value growth in terms of the revenue, gross profit, EBITDA, is in high double digits,» says Sachin Shah, Emkay Investment Managers. Let us begin by discussing the auto space itself. Quite a few launches lined up. There is the expectation of rural recovery as well. But at the same time, these stocks have run up quite substantially over the last couple of years in terms of the stock price. How do you weigh the risk-reward for this sector right now? Sachin Shah: So, clearly, within the auto, we have three large segments. One is, of course, the passenger vehicles, then you have two-wheelers, and then commercial vehicles. All the three segments have done exceedingly well in the last two-three years now. And the underlying theme between particularly in the passenger vehicle segment which is what you were referring to earlier is largely the game of premiumisation.

Raymond James has extended its network in Ohio as it onboards a veteran advisor from Wells Fargo into its ranks.

It was a busy Monday for financial advisors, many of whom were forced to spend hours on end talking clients down from proverbial ledges as the stock selloff gained steam.

government has asked state-run banks to assist their regional rural arms in upgrading their technology and onboarding them to the National Payment Corporation of India's (NPCI) BASE platform that facilitates the direct benefit transfer (DBT) program. Last week, several cooperative banks and regional rural banks (RRBs) were affected by a ransomware on one of the technology service providers, C-Edge Technologies. «Sponsor banks have been asked to help their RRBs with technology upgrades, which will improve their performance in areas related to credit disbursement, NPA management and cybersecurity,» said a government official, adding that Nabard will be closely monitoring this initiative.

Carson Group is on the move again as it adds a Texas-headquartered planning firm to its network of partnerships.

Nepsis is looking forward to its next leg of growth as it appoints a veteran with experience from Ameriprise to a newly created role.