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liquidity as the budget proposed to reduce the holding period for long-term capital assets from 36 months to 12. This policy change makes REITs more attractive to investors by offering quicker access to favourable tax treatment on capital gains. The reduced holding period lowers entry and exit barriers, making investments in REITs more appealing and dynamic.

According to Morningstar's UK Fund Flows study, June's heavy outflows from fixed income strategies came on the back of high redemption levels for the asset class since the beginning of the year, reaching a total of over £5.7bn in the first six months of 2024. Overall, outflows from UK-domiciled funds reached £3bn last month, with total redemptions since 2022 in UK-domiciled funds reaching £77bn. In June, UK Large-Cap Equity funds added to this total, experiencing more than £2bn in outflows for the month. Giovanni Cafaro, research analyst at Morningstar, said the latest figures fol...

cigarette business is ITC’s mainstay, accounting for close to 40% of total gross segmental revenues in FY24 and almost 80% of its total segment Ebit (earnings before interest and tax). With clarity on cigarette taxation, Jefferies’ analysts believe ITC is well-placed to accelerate cigarette revenue growth through a blend of volumes, price hikes, and better mix.

Russia and China are increasingly cooperating in the Arctic region, which could impact regional stability, the U.S. military said as it released its strategy for the Arctic region on Monday.

Nirmala Sitharaman will present the Union Budget 2024-25 in Parliament, marking her seventh consecutive budget presentation. This milestone surpasses the record set by Morarji Desai, who presented six consecutive budgets. The budget session, which started on July 22, is scheduled to end on August 12.

Mark Spitznagel, founder and chief investment officer of Universa Investments, has a knack for making headlines with his bold market predictions. Known for his contrarian approach, Spitznagel has successfully navigated financial crises since establishing Universa in 2008. Despite the current calm in the markets, he warns of an impending severe downturn, labeling the current situation as the “greatest bubble in human history.”

Goldman Sachs Asset Management wants its star hire from rival JPMorgan Asset Management to provide a shot-in-the-arm to the firm’s public-market franchise.

Central Asia’s biggest and resource rich state Kazakhstan’s GDP grew by 5.1% in 2023. All major sectors experienced positive growth: construction increased by 13.3%, trade by 11.3%, information and communication services by 7.1%, transport services by 6.9%, and industry by 4.3%. In 2024, the government predicts further growth of at least 5.3%.

After more than a decade of dismal fixed-income performance, with Canadian indexes eking out low single-digit annualized returns, the tides are finally shifting.

In the year to 30 June, net asset value total return for the £1bn trust was up 1%, compared to a 13% return from the FTSE All Share index, in sterling terms. Meanwhile, its share price total return fell 0.6% as the discount widened to 5%.  Key factors negatively affecting performance over the year were equity downside protection strategies, given the continued market surge, and yen exposure, due to the persistent weakening of the yen, which made up 9.7% of the portfolio as of 30 June, according to the managers Duncan MacInnes and Jasmine Yeo. Positive contributors included gold, equit...

When it comes to integrating technology into your practice, have you found yourself being drawn to the latest and greatest offerings? If so, you may be overlooking a valuable aspect of technology already within your reach and one that doesn’t require immediate new investment: optimizing client data to uncover new opportunities.

Cox will take over David's role, who has lead the unit for the past 15 years and was one of its co-founders at its launch in 2004. Cox joined Greenbank in 2023 as head of investments, bringing with him over 20 years of experience in financial services. EdenTree hires Rathbones' Lauren Smith as associate fund manager Prior to joining Greenbank, he was deputy CIO at Brunel Pension Partnership between 2018 and 2023, where he spearheaded the setup and management of public market investments and strategies. Before that, he worked for various companies, including Fidelity Internationa...

urbanization, the housing industry is poised for significant transformation as half of India's population is projected to live in urban areas, up from 31% in 2011, said the Economic Survey for 2023-24.

budget for the financial year 2024-25. ETMutualFunds reached out to financial advisors about what mutual fund investors can expect from the Finance Minister and what changes they should make in their investment strategy.

Bigg Boss OTT 3, one of the most popular reality shows, is nearing its grand finale, which is just two weeks away. Amidst all the excitement and high-voltage drama, some controversies have emerged involving recently eliminated contestants Payal Malik and Chandrika Dixit, famously known as the Viral Vada Pav Girl. During a recent reunion, the duo voiced their concerns about alleged bias by the show's makers towards contestant Sana Makbul.

India is in for a major event this week, the Budget, which has been crucial given the kind of spending the government of India is doing in certain sectors and which has a direct impact on the stock market, discounting every single statement and reflected in prices.

Rajouri district, Jammu and Kashmir, officials said. The incident occurred at 4 a.m. when terrorists opened fire on the post. Troops guarding the post retaliated immediately, resulting in fierce exchanges of gunfire. An Army spokesperson confirmed the retaliation and subsequent actions. «The troops foiled the attack, following which a cordon and search operation was launched by security forces in the area,» the spokesperson stated. «Terrorist fire was returned. The soldier injured in the firing by the terrorists was shifted to hospital,» said an official source.

dollar slipped and Asian stocks fell after Joe Biden ended his reelection campaign and endorsed Vice President Kamala Harris. China’s central bank cut a key short-term interest rate. A Bloomberg gauge of the US currency’s strength fell 0.2% Monday after the US President bowed to pressure from the Democrats and pulled out of the November election race, while the Mexican peso climbed. US stock futures gained.

workspace provider Incuspaze has raised $8 million (₹67 crore) led by the India Inflection Opportunity Fund (IIOF) and other financial institutions in its maiden funding round. The IIOF specialises in late-stage venture capital investments, focusing on companies poised for pre-IPO stages with clear strategies for stock market listing. Incuspaze has a portfolio of 3 million square feet in 18 cities across 44 locations. «This investment will significantly bolster our capabilities to provide top-tier workspace solutions tailored to enterprises, MSMEs, and startups. With our clear profitability matrix and enterprise-focused approach, we aim to become a dominant player in Indi's flexible workspace market,» said Sanjay Choudhary, founder & CEO, Incuspaze. It recently leased 220,000 square feet of space in Gurugram's M3M Urbana project on Golf Course Extension Road.

Hindalco Industries, the world's largest aluminium rolling and recycling company, is looking at a bigger play in the auto component business by leveraging the growing electric vehicle (EV) industry, said people aware of the company's plans. Towards this, the Aditya Birla Group metals flagship is devising ways to become a direct supplier to automakers as part of a broader strategy to strengthen its aluminium «downstream businesses (value added products),» the people said. EVs, which utilise many aluminium parts since the metal is lighter than steel, will be the centrepiece of its new strategy. To fast-track the plan, Hindalco is also scouting for acquisitions in this space, the people said.