Strategy Financial News

MUMBAI: India's markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the Securities and Exchange Board of India (Sebi), at the FICCI's 21st Annual Capital Markets Conference (CAPAM) on Friday.

₹27.5 lakh annually) by 2030. This has meant a growing emphasis on growth driven by premiumization. However, there is also significant potential to enhance market penetration overall by prioritizing product affordability to expand both the scale and quality of consumption.

In a stock exchange notice today (2 August), the trust said the properties represented around 9% of its portfolio by value. The gross proceeds were 8.1% below the draft valuation of August 2023, but Home REIT noted the majority of the properties sold «are below portfolio average lot size, which may cause a greater percentage variation when comparing sale price to the August draft valuation». Home REIT proposes managed wind-down as 'strategy faces considerable challenges' Over the last year, the trust had sold a total of 914 properties and exchanged on a further 287, with gross proc...

According to the firm's half year results published today (2 August), RLAM recorded around £100m in net inflows, while the figure for external net outflows stood at £700m, including £1.7bn of net outflows from its global equity strategies. In April, RLAM head of equities Peter Rutter and four other equity portfolio managers announced their departure in order to set up their own company. Following the resignations, RLAM has reshuffled its global equities team, led now by CIO Piers Hillier. External net inflows across other strategies, however, reached £1bn, more than double the amou...

For real estate owners, especially those with long-held properties, the provisions of the Union Budget 2024 came as a rude shock, leaving them scrambling to decipher the new tax landscape.

FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday's intraday trade on BSE after billionaire Gautam Adani's flagship entity Adani Enterprises on Thursday approved the demerger of the company's food FMCG business to Adani Wilmar. «It is believed that the proposed demerger will unlock the direct value of the demerged company’s shareholders into the resulting company and allow a focused strategy and specialization for sustained growth for enhanced value, which would be in the best interest of all the stakeholders and the persons connected with the aforesaid companies,» Adani Enterprises said in an exchange filing.

Kandi Srinivasa Reddy, a former Congress candidate from Adilabad who contested the 2023 Telangana assembly elections, is facing serious allegations of rigging the US H-1B visa lottery system. According to an investigative report by Bloomberg, Reddy allegedly increased the odds for his staffing company clients by submitting multiple applications under different company names for the same individuals. Reddy has denied the accusations, asserting that his actions are within legal bounds. «Filing multiple entries is legal,» Reddy said, questioning why he was being singled out when 5,000 other companies reportedly employ similar strategies. He further clarified that his firms have secured only 302 visas out of 425,000 in the past five years. An NRI entrepreneur, Reddy founded Cloud Big Data Technologies LLC in 2013. Bloomberg's report indicates that Reddy's firm, along with other entities he controls, submitted over 3,000 entries, acquiring a substantial number of H-1B visas since 2020. The H-1B visa lottery, a key aspect of US employment policy for foreign workers, allocates a limited number of visas to skilled individuals. In 2023, 446,000 applicants vied for just 85,000 available visas.

Tata Motors Ltd surpassed Street estimates with a 74% rise in consolidated net profit in the June quarter led by a strong performance of its UK subsidiary, Jaguar Land Rover Automotive. Earnings also got a boost from a recovery in sales and profitability in the company’s commercial vehicle business in the domestic market.

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

America’s Bitcoin miner, CleanSpark, is expanding its operations greatly, breaking ground on a new facility in Cheyenne, Wyoming, which is expected to be operational by the end of the year.

A savvy trader has bagged a $17,700 profit with just $1.40 of initial capital after investing in a meme coin.

Apollo Global Management Inc. executives sought to allay investor concerns about the performance of alternative investments held at its Athene annuities business after that unit weighed on earnings in the second quarter.

Financial advisors typically provide services like tax, retirement, investment, and estate planning to solve important problems clients have with their finances. In most instances, advisors map out the appropriate plan and offer their expert advice to clients but stop short of implementing their recommended strategies or plans. In these situations, advisors often turn to third parties like trust companies, or trust solutions companies, to execute advisors’ plans and perform the duties of a trustee.  

active mutual fund flows so far this year. In June alone, inflows into these funds reached ₹22,350 crore, accounting for 55% of total active flows, an 18 July research report by Elara Securities said. Since the beginning of this year, thematic and sectoral funds have attracted ₹70,000 crore in inflows.

On Wednesday, the index opened positively and traded sideways throughout the day, closing near the day's high with a gain of 94 points at 24,951.

Venture debt firm Trifecta Capital has launched its fourth fund, aiming to raise up to Rs 2,000 crore (around $240 million), including a greenshoe option of Rs 500 crore, founder and managing partner Rahul Khanna told ET.

Russia and China, reports the 'Daily Express US'. It has also been said that the US military may lose a future war against the arch-rivals if considerable investment is not made in the defense sector. The report has made it clear that major changes and significant investments are needed now and the country should not wait for the next Pearl Harbor or 9/11. The Imperial Japanese Navy conducted a surprise aerial assault on Pearl Harbor on December 7, 1941. The unprovoked attack sucked the US into World War II, and it immediately declared war on Japan.

Bluespring Wealth Partners has bolstered its network yet again, this time with a deal for a powerhouse retirement planning team managing more than a billion dollars for clients in Pennsylvania.

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

RIA aggregator Focus Financial appears set for a new chapter in its development as it elevates a key contributor to its intra-network consolidation strategy to C-suite status.