Strategy Financial News

Ramji, who will step into the role on 8 July, brings over 25 years of experience in investments, capital markets and wealth management, including over ten years spent at BlackRock, most recently as its global head of iShares and index investing. Prior to that, he served as the firm's head of US wealth advisory, having joined the company as global head of corporate strategy in 2014. Ramji held a senior partner role at McKinsey, where he was in charge of the firm's asset and wealth management practice.  Vanguard names head of Europe as Sean Hagerty relocates to US headquarters He wil...

Motilal Oswal Financial Services. KFC and Pizza Hut – Devyani's mainstays in India, accounting for more than 60% of total revenue – continued to struggle in Q4 amid lower disposable incomes, weak consumer sentiment, and increased competition for Pizza Hut. Same-store sales growth, a key measure of comparable sales, paints a concerning picture.

considering discussing generative AI and making enterprise-wide changes on them. This comes on the back of more than half the respondents stating that GenAI’s impact on their business model will be greater than that of previous disruptive technologies like the internet and smartphones. Also Read: AI asymmetry: Can our IT service firms close their gap with GenAI rivals? At least 54% of senior executives who have responded believe that their company is a long way from fully leveraging Al, with the primary barrier being the quality and availability of enterprise data.

₹996.65 apiece on Wednesday. Earlier this week, the company reported a 14% quarter-on-quarter drop in its consolidated Ebitda (earnings before interest, tax, depreciation, and amortization) to ₹2,444 crore during the three months ended March (Q4FY24). A decline in steel prices and an increase in some cost items weighed on profitability despite higher volumes.

The Edinburgh-based firm announced back in 2022 that it was undertaking a widespread assessment of all its portfolios and product offerings, which would see the merger or closure of over 100 funds. This was all with the goal of minimising product duplication and simplifying abrdn's overall offering, as well as free up resources, according to the firm, which the latest portfolio rebranding is part of. PIMCO and abrdn funds lose Square Mile rating following manager departures Effective from 16 May 2024, the Absolute Return Global Bond Strategies fund will become the Macro Fixed Incom...

SBI Mutual Fund has filed a draft document with Sebi for an innovative opportunities fund. SBI Innovative Opportunities Fund will be an open-ended equity scheme following the innovation theme. The investment objective of the scheme is to provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies that seek to benefit from the adoption of innovative strategies and themes. The scheme will be benchmarked against Nifty 500 TRI. It will be managed by Dinesh Balachandran and Pradeep Kesavan.

After booming in the anything-goes pandemic era, a once-fashionable investment strategy is falling out of favor anew, hitting some niche ETF providers along the way.

President Joe Biden says in defending his new tariffs on Chinese products that China's government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage in global trade

Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and movies

Amid world-shaking crises in the Middle East, Europe and the Indo-Pacific, the news from Niger might seem unimportant. Yes, American troops are making an ignominious withdrawal as Russian forces sashay into the same Nigerien air base hosting U.S. personnel.

Karnataka unit of the BJP will see a big explosion of pent-up anger and frustration among its leaders after the results are announced next month, Chief Minister Siddaramaiah said on Tuesday, predicting a major electoral setback for the saffron party and a consequent blame-game in the state. All those BJP leaders, who were denied renomination to contest the Lok Sabha polls, stayed away from active campaigning for the success of official candidates. Their anger will explode after the elections as they were worried about their own political future under the leadership of BY Vijayendra, the CM said in a press statement. The BJP opted for fresh faces in about a dozen constituencies, an exercise that led to deep anguish among sections of leaders. Former State president KS Eshwarappa even rebelled and contested as an independent in Shivamogga for denying ticket to his son in the neighbouring Haveri.

Prior to his time at the London-based impact ETF issuer, he worked as sales director at Orpheus Partners and business development manager at LGBR Capital. Spells will report to ARK Invest Europe's head of sales James Thomas, who said his hire marks a «pivotal moment» for the firm and underscores its «enhanced» commitment to European investors.  AssetCo sells loss-making Rize ETF to Cathie Wood's ARK Invest «With his expertise in European market dynamics and a strong track record in selling active and sustainable strategies, Paul is well equipped to amplify our capabilities and impr...

₹300-400 crore. "The key strategic priorities should help the company in charting a new, less capital-intensive and incrementally-profitable growth path. Our endeavour is to redefine our growth strategy, focus on fixed cost reduction, thus improving profitability, resulting in enhanced return on capital and free cash flow generation," Ajay Bijli, managing director, PVR Inox Ltd, said in a statement.

Telecom major Bharti Airtel on Tuesday reported a 31% fall in its consolidated net profit at Rs 2,072 crore for the quarter ended March 2024. This compares with Rs 3,006 crore profit in the previous year's quarter. The profit missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore.

Animoca Brands Japan and Quidd will launch digital collectibles of the popular manga “FAIRY TAIL.”

Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

risk-taking, strategy, and uncertainty. In both, participants make decisions based on incomplete information, trying to anticipate and react to the actions of others. Both involve managing risk and adjusting tactics as the situation evolves. In both poker and stock markets, taking chips off the table is crucial for managing risk and securing profits. In poker, when you're ahead, it's essential to «cash in» some of your winnings by withdrawing chips from the game.

₹6.49 in May 2021 to ₹246.05 currently, its new high. The scrip has also given multibagger returns this year so far as well as in the last one year. It skyrocketed over 271 percent in 2024 YTD from ₹66.27 in December 2023 to touch its record high of ₹246.05.

Mint examines Tesla's aggressive trademark-protection strategy and how India's trademark regime shields foreign companies operating in India from infringement by domestic entities. We also explain how this case could set a precedent for future trademark-infringement cases in India’s growing EV market. On 4 May, Tesla Inc sued Tesla Power India Pvt Ltd, accusing the Gurugram firm of infringing on its trademark and misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries.

Cambridge Investment Inc.’s new registered investment advisor business, BridgePort, is taking its first steps into the red-hot buyers’ market of wealth management firms by offering a minimum investment of 20% of the seller’s firm, according to industry sources familiar with Cambridge’s strategy.

John Miller’s new high-yield municipal-bond fund has amassed $1 billion of assets in just under five months, drawing buyers eager to invest in the riskiest segment of state and local-government debt.