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Rahul Gandhi has decided to retain the Rae Bareli seat and give up Wayanad. Rahul won both seats in the recently-concluded Lok Sabha elections 2024.A candidate can contest elections from multiple seats in India.

In its annual results published today (18 June), Tatton's AUM reached £17.6bn in the year to 31 March 2024, marking a 26.9% increase from the previous year and surpassing the £13.9bn recorded in 2023. According to Tatton, the company exceeded its three-year «Roadmap to Growth» strategy, which set a target of £15.0bn AUM/AUI by 31 March 2024. Tatton assets jump nearly 8% on the back of £900m inflows In addition, the group's revenue rose 13.9% to £36.8m, while adjusted operating profit was up 12.9%, reaching £18.5m. Similarly, organic net inflows were £2.3bn, compared to £1.8bn in 20...

Congress in Andhra Pradesh after its rout in the recent polls, newly appointed state unit chief Y S Sharmila Reddy on Tuesday briefed the party's central leadership on her roadmap to boost the party's fading presence in the southern state. Sharmila, the sister of former Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, apprised Congress president Mallikarjun Kharge and party general secretary K C Venugopal of the plans to strengthen the party's organisational machinery and regain its lost political space in the state, where it failed to win a single seat in the assembly and Lok Sabha polls. Sharmila said that Kharge and Venugopal offered «valuable suggestions» and assured her of their «full support» to the efforts aimed at reviving the party's base. «They expressed confidence that very soon the party will assume greater strengths and significance and will become people's voice and weapon,» she tweeted after the meeting.

IPO vs QIP shares: Amid the buzz of around ₹30,000 crore money getting raised in the Indian primary market through fresh Initial Public Offerings (IPOs) in the next two months, retail investors are eagerly waiting for the launch of fresh IPOs from the quality business houses like Bajaj Housing Finance, Haldiram, Prestige Estate, Ola Electric, Swiggy, Waree Energy, etc. However, if we go by the expert's opinion, the Indian stock market is preparing for a fresh rally after Modi 3.0 took charge in the centre.

options trading. The new rules could include higher margins for options contracts and more detailed disclosures, and are being considered after a series of meetings with exchanges, brokers, and fund houses over the past four months, the sources, with direct knowledge of the matter, said.

Rome Giorgia Meloni was the winner of last week’s Group of Seven meeting. Whether giving French President Emmanuel Macron the stink eye or stitching up a deal to increase Italy’s clout in the European Union, the Italian prime minister had a good summit. Once stigmatized as a neofascist from the fringes of Europe’s hard right, Ms.

₹71,575 per 10 gm and touched an intraday high of ₹71,692 within a few minutes of the opening bell. In the international market, COMEX gold price oscillated around $2,340 per troy ounce, whereas spot gold price quoted $2,325 per ounce.According to the commodity market experts, the gold price today is on the rise, driven by the anticipation of positive US retail sales data and a timeline from the US Fed members' speech on Tuesday.

₹3,006.45 apiece on the BSE.Auto major Mahindra & Mahindra (M&M), in its Investor Day presentation, announced its plans to launch a total of 23 new vehicles by 2030, including new SUVs. M&M's SUV market share has risen from 15% in FY21 to 18% in FY24.The company also plans to introduce seven Born Electric Vehicles (BEV) by the end of the decade.

Nifty embarks on the first principle of trend following as the uptrend is likely to continue. Post a dramatic wave of volatility comes a time of complacency, as Vix cools off, and investors readjust to all the sentiments that were out during the last two weeks. The breadth looks positive with more than 70% of stocks in the broader universe above their key short-term and mid-term Moving averages pointing to upside bias while the Advance decline percent has seen a thrust above 75 indicating strong momentum.

“FIIs have been net sellers in Indian Markets over the past few years. So, bulk of the selling is not due to election related jitteriness,” says Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd. In an interview with ETMarkets, Kumar said: “With no major U-turn expected, several domestic focussed sectors are poised to perform well under the new regime; such as Infrastructure, Construction & allied sectors, Cement & Auto,” Edited excerpts:

demerger process of Quess Corp, aimed at unlocking value at India's biggest third-party supplier of private-sector staffing needs, is likely to be completed in up to a year. The company may soon file an application with the National Company Law Tribunal (NCLT), Ajit Isaac, its chairman, told ET. «Re-rating of its businesses is one of the reasons for the demerger due to a simplified structure, as it allows each of these companies to focus better by providing greater capital allocation flexibility, improved market position, and other benefits,» Isaac said.

Tata Consultancy Services: TCS announced that it has received an adverse judgment from the United States District Court, Northern District of Texas, Dallas Division. The court ruled that TCS is liable for a total of $194.2 million, which includes $56,151,583 in compensatory damages, $112,303,166 in exemplary damages, and $25,773,576.60 in prejudgment interest.

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Russell Investments is giving advisors more flexibility to tailor their clients’ portfolios by broadening its suite of personalized managed accounts.

AlphaCore Wealth Advisory, a La Jolla, California-based independent wealth firm, is looking to go national by tapping an LPL alum to a key C-suite role.

₹2,000 crore in mid-sized companies.The fund looks to raise base capital of ₹1,500 crore and another ₹500 crore as a greenshoe option at a yield of 15-16%. The AMC looks to raise money from existing limited partnerships (LPs) and complete the first close by either June-end or early July.The fund will invest in mid-market companies, which are profitable, have good cash flows, and will use these funds for growth purposes.

Victory Securities has joined collaboration with Virtual Seed Global (VSG) to develop regulated virtual asset fund products for investors.

Jammu and Kashmir's Poonch, where even the bustling marketplace is not immune to the specter of terrorism. Hidden within the green forest cover of the Pir Panjal region are highly trained Pakistani terrorists, presenting a significant challenge to security forces. Despite intensified patrolling following a recent surge in terrorist attacks, searching these dense forests remains a daunting task. Resurgence of Terrorism After an 18-year hiatus, terrorism has resurfaced in Poonch and Rajouri, with the first major attack on the army occurring in the forests of Surankote in October 2021. This resurgence has disrupted security calculations for Jammu and Kashmir, exacerbated by the abrogation of Article 370, which granted the region special status under the Constitution.

The year 2024 is notable for the large number of elections being held—in well over 60 countries, representing nearly half of the world’s population. Of course, there are myriad systems and we are only halfway through the year, but as a generalization, it is turning out to be a year of strong majorities for presidential forms of government and coalitions for parliamentary democracies. Indonesia and Mexico returned strong majorities for their presidential winners, with Mexico electing its first ever woman to its top office.

France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that title from the UK. President Emmanuel Macron’s shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalization of French firms last week. Shares of banks Societe Generale SA, BNP Paribas SA and Credit Agricole SA all big holders of government debt lost more than 10% each.

Equities: The brokerage anticipates that market dynamics in the near term will pivot around prevailing narratives. Key drivers include the sentiment surrounding policy continuity, anticipation ahead of the Budget, the progress of the monsoon, advancements in the CAPEX agenda, fiscal consolidation efforts, and expectations for rural economic recovery in the latter half of the year.