Strategy Financial News

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.

Perigon Wealth Management has announced a new leadership hire in a calculated move to support its ongoing expansion and commitment to enhancing advisor resources.

A recent survey by Nationwide reveals that economic uncertainty has significantly impacted American investors’ retirement expectations, with many altering or abandoning their retirement savings targets.

Muthoot FinCorp is looking to lessen its reliance on gold loans by lowering the share of its flagship business to 80% from 98% as part of a three-year diversification strategy, said managing director Shaji Varghese. Varghese said the company is aspiring to become a full-stack financial services provider to lower to middle-income people. The lender is expanding its network of branches and plans to hire 4,000 people this fiscal for its new lines of business including MSME financing and offering loans against property (LAP). «We are in a transition phase now. Traditionally, we have been a gold loan company. In the past, almost 98% of the revenue used to be from gold loans only. But now things are changing. We have taken a business strategy way forward that we would like to become a service provider of choice because we see a bigger opportunity in the lower to middle-income group,» Varghese said in an interview.

China's finance ministry plans to start raising 1 trillion yuan in long-awaited, long-term special treasury bonds this week to raise funds it will use to stimulate key sectors of its flagging economy. The finance ministry confirmed what four sources had told Reuters earlier on Monday that the 1 trillion yuan ($138.23 billion) of special government bonds would have tenors of 20 to 50 years and issuance will begin on May 17. The sources who have direct knowledge of the plans said 300 billion yuan worth of 20-year bonds, 600 billion yuan worth of 30-year bonds and 100 billion yuan worth of 50-year bonds would be issued.

Public sector banks (PSBs) will identify one "champion sector" in their business plans, to expand significant presence in it by developing specific sector capabilities, said officials. The lenders will also look to design tailored products for segment-specific lending and build internal capacities such as stress testing and early warning signals, they said. «We are discussing these metrics with PSBs as part of their business roadmap till 2026-27,» said one of the officials, who did not wish to be identified. This initiative is part of the Viksit Bharat (developed nation) strategy for PSBs, which includes onboarding sector-specific advisors and developing credit underwriting models to expedite loan approvals. The move seeks to complement the government's efforts under the Production Linked Incentive scheme that seeks to develop manufacturing capabilities in select identified areas. «Banks will focus on non-traditional sectors and collaborate to leverage the expertise developed among them,» said another official.

INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17% Additionally, the company is exploring various avenues to raise funds, including American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and Foreign Currency Convertible Bonds (FCCBs), among others. In the previous month, the metals-to-oil conglomerate announced its intention to raise funds amounting to ₹2,500 crore ($299.6 million) through debt securities. This fundraising initiative will involve issuing non-convertible debentures on a private placement basis.

IPL 2024: The match between Delhi Capitals (DC) and Lucknow Super Giants (LSG) will be played on May 14. Both teams need to win to remain in contention for playoffs.

wedding destination, the Abu Dhabi Convention and Exhibition Bureau (ADCEB) has announced an initiative to extend visa support to Indian nationals hosting weddings across the Emirate. The ADCEB, which is a part of the Department of Culture and Tourism Abu Dhabi, is undertaking this initiative to establish the UAE capital as a premier wedding destination, a statement released here said. The recently announced new visa initiative contributes to Abu Dhabi's tourism strategy 2030, which aims to boost visitor numbers to 39.3 million by 2030. The destination wedding segment is among the newest verticals to join the ADCEB as part of an overarching objective to attract domestic and international visitors and increase the sector's contribution to the GDP to AED 90 billion as per the 2030 strategy, the statement said.

TIAA, a provider of lifetime income solutions, has introduced a new metric designed to illustrate the potential income boost new retirees could achieve from incorporating an annuity strategy into their financial planning compared to just following the 4% rule.

Stock market crash: In May, FPI selling in the cash market has been relentless. FPIs have been sellers on every trading day and have sold equity for ₹24,975 crores. This has contributed to the underperformance of the Indian market.

Mint on the company’s vision for India in the next few years and its willingness to invest for faster growth. Edited excerpts… India currently ranks 14th globally in the music market. However, given its population and growth potential, we anticipate significant upward movement in the coming years.

Nothing has been setting the US bond market’s direction this year more than the monthly inflation figures. This week will be no exception. 

By Rahul Pandey

In a pivotal cabinet reshuffle following his fifth term as Russia’s President, Vladimir Putin has appointed civilian-economist Andrei Belousov as the new Defence Minister, replacing Sergei Shoigu, who assumes the role of Secretary of the Security Council (NSA). This decision, amidst soaring defence expenditures due to the ongoing conflict with Ukraine, underscores Putin’s strategy to navigate economic challenges while bolstering national defence.

Paying all your bills using a credit card can offer numerous financial benefits, especially when the idea is to keep a track of your expenses and building a strong financial records for good credit score. Some people despite having multiple credit cards don’t make use of them. They continue to hold the cards without making any transactions. They are either afraid of bigger bills or they feel that they will pay a higher amount if they start using credit cards for all their transactions. However, this is not true at all.

Overseas education is an enriching, life-changing experience for a student. It’s an opportunity to think outside the box and explore beyond. Undoubtedly, studying abroad opens the door to a global network and enhances a person’s career chances. What remains the question here? Is it possible for a middle-class scholar to achieve and live this dream?

GST calculator can significantly benefit your Indian e-commerce venture: One of the primary benefits of using a GST calculator is its ability to compute GST liabilities accurately. Different product categories attract different taxes. With varying tax rates and complicated rules governing input tax credits, performing manual calculations can be cumbersome.

forex robot trading tool designed to enhance market efficiency and profitability. This solution leverages sophisticated algorithms to analyse market data in real-time, allowing traders to capitalize on fleeting opportunities with precision and speed. This latest advancement in trading technology marks a significant milestone in the quest for greater trading efficiency.

Personal loans are unsecured, which means you don’t have to offer any collateral (such as a car or house) to be eligible. While this makes them more accessible than secured loans, they also often lead to higher interest rates. While these loans provide convenience, they may come with disadvantages such as elevated interest rates.

Sensex gained 260.30 points to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates temporary pause in the market after a sharp decline.