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In order to offer retail investors a chance to invest in India’s consumption potential, asset management companies are launching consumption funds. These open-ended funds aim to generate long-term capital growth from an actively managed equity portfolio of companies which will benefit from consumption and consumption-related activities.

Advisor Credit Exchange have added two former UBS senior leaders as its new CEO and COO.

Morgan Stanley granted special bonuses worth $20 million each to incoming Chief Executive Officer Ted Pick and his two deputies, Andy Saperstein and Dan Simkowitz. 

The fast growth and future potential of private markets has prompted specialist private assets firm Schroders Capital to launch a new unit.

The financial world’s computer-loving crowd is preparing for the dawn of a new AI-powered era — but that doesn’t mean they’re ready to fully embrace the technology just yet. 

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

stock market witnessed significant activity as several major stocks achieved new all-time highs on October 30, marking a day of remarkable achievements and reflecting the growth potential of these companies. The data was sourced from StockEdge at 2:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken. (Data Source: StockEdge) 1. Jindal Saw Jindal Saw soared to an impressive all-time high of Rs 413.

fire. In India, the benchmark Nifty fell around 2.5 percent in these 3 weeks, but this was mostly due to the sharp rise in yields.

Endeavour will be hit by a protest vote against its executive remuneration at its annual meeting of shareholders this week, but a push by its largest investor to install his ally on the board of the liquor retailer has failed.

Endeavour chief executive Steve Donohue says the hotels and liquor retailing group will wind back the purchase of new pubs and cut investment in its rapid delivery service as it tries to lift shareholder returns.

Suncorp is putting a scythe through insurance management ranks, cutting 25 leadership positions as it tries rejigging structures.

Aussie Broadband has made a binding offer worth up to $258 million to buy software group Symbio as the telecommunications group overtakes Vocus to become Australia’s fourth-biggest internet provider.

Lodha, listed at Macrotech Developers, is set to exceed its full year guidance of Rs 17,500 crore worth Gross Development Value (GDV) for new project additions in the current financial year, said a top company official. The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. “Given how much we have already achieved in the first half and the pace of new project additions and strengthening the pipeline of business development opportunities, we are well on our way to exceed our full-year guidance,” Lodha said. The company will continue to operate with its ‘supermarket’ strategy that involves undertaking a development every 3-5 kilometres across key core property markets including Mumbai and Pune. “The ‘supermarket’ strategy is part of our diversification. We believe that Indian homebuyers typically do not shift beyond 3-5 kilometres away from where they currently live.

Railtel Corporation of India Limited is hiring for 81 vacancies across different managerial roles. Railtel is looking to fill 26 assistant manager (technical) posts, 27 deputy manager (technical) posts, 15 deputy manager (marketing) posts, 6 assistant manager (finance) posts, and 7 assistant manager (HR) posts.

Federal Reserve’s monetary policy meeting outcomes scheduled on Wednesday, November 1. The shine in yellow metal continues despite a resilient dollar index (DXY) as the Israel-Hamas conflict brightens its haven appeal. MCX December gold futures were trading flat at Rs 61,350 per 10 gram, up by Rs 194 or 0.32% from the Friday closing price.

Read Samir Arora's full interview here Tactically, one may invest in defence, automobiles, etc., but the above three sectors are generally the backbone of any portfolio, he added. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Helios Capital’s maiden equity fund, Helios Flexi Cap Fund, opened for subscription last week.

Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange.

witness a slight decrease in growth from 4.1 percent in 2022 to 4 percent in both 2023 and 2024. The report highlights that global inflation is expected to gradually decrease, declining from 8.7 percent in 2022, to 6.9 percent in 2023, and 5.8 percent in 2024. Tighter monetary policies and lower international commodity prices contribute to this decline.

₹17.8 lakh crore over the course of six sessions as the total market capitalisation of the companies listed on the BSE dropped from ₹323.8 lakh crore on Tuesday, October 17, to approximately ₹306 lakh crore. The market is being held back by a number of headwinds.

Shibani Sircar Kurian, Senior EVP and the head of equity research, Kotak Mahindra AMC, says “while in pockets, valuations have become expensive and therefore one should be mindful of valuations, structurally, in the hospitality sector as a whole, the trajectory of growth as well as better profitability should continue for the time being.” Much of the rally and the positive has already played out when it comes to the hotel sector and the massive recovery that they have seen from the Covid lows is testimony to that. Is there merit in a) staying invested and b) buying afresh into any of these names? Yes, a lot of the rally has happened because of the improvement that we have seen in terms of numbers.

40% stocks in Nifty IT index have moved into the oversold region and among them Tech Mahindra and LTTS looks to be gearing up for a bounce back, says Anand James, Chief Market Strategist at Geojit Financial Services. “Among the NSE500 stocks, 10% stocks are oversold. Interesting fact is that Chemical stocks have corrected significantly and around 70% have either entered the oversold region or close to the oversold region,” he says. Edited excerpts: After six days of non-stop decline that ended with October series expiry, was Friday's upside expected? Nifty showed strong support at 200-DMA. What are the targets for the new series? Both the non stop decline as well as the turn on Friday could be explained by 200 DMA which remained the target and thereby a point for reversal, after the penetration of 19500 triggered panic selling. Friday also saw the November derivative series becoming active, also aiding a bounce back that has now retraced about 23% of the fall. This retracement could stretch as far as 19150 as well, while momentum could even push the recovery move to 19420 which is from where bears could mount fresh challenges in the days ahead. Alternatively, inability to hold above 19050 or a direct pull back below 18900 would also ensure that the 200 DMA at 18600 is tested. Breach of the same would bring the worst case scenarios into the picture, with 17000 as the likely objective, but this is least favoured at the moment.