Strategy Financial News

Ruia's owned Essar Power Limited has appointed Ankur Kumar as the Chief Executive Officer of its renewables business division, the company said on Thursday. «Ankur will play a key role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India,» said Essar Power in a press statement, adding that with over 24 years of experience in renewable energy and public infrastructure sectors, Kumar brings a wealth of knowledge and expertise to his new role. Previously Kumar served as the CEO at ACME Solar Holdings Pvt. Ltd., spearheading the strategic expansion of the company into green hydrogen and ammonia businesses. He also held a leadership position at TBEA Xinjiang Sunoasis Co. Limited, a Chinese green energy company.

Goldman Sachs' Chief Strategy Officer Carey Halio will replace Philip Berlinski as its global treasurer, the bank announced in an internal memo seen by Reuters on Thursday. Halio had joined the Wall Street giant as a summer associate in 1999 in the credit risk division. She rejoined the company in the same team in 2000 and became the deputy treasurer of the bank and the chief of Goldman Sachs Bank USA while earning the coveted partner rank in 2016.

In this article

ventured into lithium-ion battery making, crucial for EVs, by beginning the construction of a facility equipped with technology from China-based manufacturer SVOLT. The facility would have a capacity of 6 GWhr in the initial phase, entailing an investment of ₹4,500 crore to ₹5,000 crore. Of this, it has invested over ₹1,800 crore by December.

F.L.Putnam is expanding its reach in New Hampshire as it scoops up a practice specializing in trust services for the high-net-worth.

SIPs offer a pathway to long-term wealth accumulation and the attainment of financial goals. Kartik Jhaveri, Director of Wealth at Transcend Capital, emphasises the potential for long-term wealth accumulation through mutual fund Systematic Investment Plans (SIP). “SIPs provide investors with the opportunity to tap into the average returns offered by the equity market.

GT vs RR IPL 2024: Rajasthan Royals skipper Sanju Samson fined ₹12 lakh for Code of Conduct breach Outlining the strategy behind the successful run chase on Thursday, Gill said, “We were targeting 45 in three overs and that is very much gettable. Fifteen runs per over you just need two hits in the over and that was the mindset at that time.

Debt funds witnessed a significant outflow in March 2024, amounting to around ₹1.98 lakh crore, as per data released by the Association of Mutual Funds in India (AMFI) on April 10. All debt funds categories witnessed outflow except for long-duration funds, banking, PSU, and Gilt funds with a 10-year constant duration.

Waverly Advisors has expanded its operations in the eastern US with the acquisition of an investment advisory firm in North Carolina. Waverly, a top fee-only RIA, is making its maiden foray into Charlotte, North Carolina, by acquiring McShane Partners, which was among the first fee-only investment advisory firms in the city.

Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.

—Name withheld on request

Odisha were a country, its economy would be larger than Tanzania's, Sri Lanka's or Ghana's. The state has nearly bridged the gap with the national per-capita income. In 2003, its per-capita income was 60% of the national average, and today, it's close to 90%. This convergence was possible as Odisha's economy grew faster (7.4%) than the national average (6.2%). Its population growth rate has slowed to 0.6% a year, compared to 0.9% for the nation. Growth momentum has been evident across sectors, including agriculture, manufacturing and services. Additionally, at nearly 10% of its economy and growing at 8% annually, mining has contributed to the state's economic well-being and robust public finances. Thanks to mining royalties, the state has a unique fiscal advantage. It collected non-tax revenue to 3.5% of its GDP a year, compared to 1% for an average Indian state during the last decade.

Melania Trump be able to halt the falling popularity of her husband Donald Trump who is a Republican hopeful for the 2024 US Presidential Election? 'New York Post' has reported that she will join a fundraising event later this month as a strategy to portray herself as a «softer, more moderate voice» for the Trump campaign. Confirming her participation, Democratic strategist Hank Sheinkopf told the news outlet, «The Trump campaign recognizes that Melania is their secret weapon.» He added further, «Her appeal is critical to win battleground states and undecided voters, especially now that they’ve won the primary and are hyper-focused on the general.»

75,000 mark for the first time on Wednesday, April 10. The NSE Nifty50 index has touched the 22,700 mark. The benchmark indices Sensex and Nifty have soared around 18.74 per cent and 20.03 per cent respectively during the Calendar Year 2023.

When investors make their investment, their primary objective is always to achieve returns that surpass the rate of inflation, all while considering the impact of taxes on their overall strategy.

The cryptocurrency market is known for its continuous innovation and the constant expectation of a new project that promises to change the game after Bitcoin. However, while the crypto market offers many opportunities, not all are what they promise. So far, there have been a lot of crypto projects that can easily be considered to be a bad investment. But coins like Bitgert are making the investment worthwhile, and it looks like a project that offers a ray of hope for investors.

Insurance broker March has launched a digital asset custody insurance product aimed at the asset servicing market.

In this article

Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree that it is a time when people need to be especially careful

«The structural growth opportunity which we say for the speciality chemical players, especially in names like CDMO, China plus one, Europe's energy crisis and Europe plus one, all those structural growth driver were there in last one year also and even right now also we see that they remain intact,» says Rohan Gupta, Nuvama Institutional Equities. What is your sense? Has it bottomed out because for the longest time speciality chemicals have been dealing with one headwind or another. Finally, is there light at the end of the road? Yes, first of all, you are absolutely right that the speciality chemical sector has been quite a lot of disappointment for their investors in last four to six quarters. The sector has not participated in the entire rally while we are seeing that the midcaps and smallcaps are making new highs. This sector has definitely not performed well.