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Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says “HDFC Bank is cheaper, or is at a similar level to where it was three years ago, for a reason. And that is because the market is still waiting to see how the merger pans out. That will continue to be a wait and watch approach by the market before it gives a thumbs up to the merger. And of course, I have just been looking at some data which is showing credit growth is starting to slow.” Are you also digging out within the PSU pack because that clearly seems to be the flavour of late? No, it is the whole. Let us take the banking sector, it has been a laggard now for some time. So, it is not surprising that you get some kind of a relief rally or rally in the index. But it is not compelling. It does not give me the confidence to say that we are not going to drift down over the next few weeks. There are a lot of events ahead of us. There are a lot of messy global factors which are still playing out, whether it is China, Japan, and the Fed, with their policy coming this month. So, yes I expect a lot more volatility.

Following its take-off at noon from the spaceport at the Satish Dhawan Space Centre in Sriharikota, the satellite successfully separated from the launch vehicle a while later. Soon after, Isro chief S Somanath confirmed that the satellite had been “injected in an elliptical orbit and is on its way to the Sun on its four-month long journey”.

Coinbase Advanced, a renowned cryptocurrency exchange, has partnered with Coinrule, a leading automated trading platform. This collaboration aims to provide over a million retail traders with advanced AI automation tools.

In a strategic move, Cumberland, a prominent player in the crypto space, offloaded 8,000 $ETH, equivalent to $14.4 million, just before the cryptocurrency market took a downturn.

INDIA on Saturday made some additional appointments in some of the committees set up at its Mumbai meeting to get battle-ready for the Lok Sabha polls.

G20 Summit in national capital Delhi. According to a Bloomberg report, Prime Minister Justin Trudeau's government first pressed pause and requested India to follow suit last month. Canadian Press had first reported the request to ‘pause’ trade talks between India and Canada.

Alternative investments can play a crucial role in enhancing portfolio resilience. These investments offer unique benefits that can help investors navigate market volatility and achieve better risk-adjusted returns. Here's how alternative investments can enhance portfolio resilience:Portfolio Diversification: Diversification is the key component of alternative investments' contribution to portfolio resilience.

equity funds. “If you want to limit the risk associated with equity markets, investing in ULIPs could be considered," said Agarwal “As you enter your forties, you may begin to rebalance your portfolio to incorporate a somewhat greater proportion of more stable investments, such as bonds. While equities can still play a substantial role, the portfolio should become more balanced as retirement approaches to limit possible volatility," said Gupta.

The Economic Times. In an official statement, the company revealed its plan to cut around 4% of its workforce. It said that Pega expects some of the job cuts in the state of Massachusetts, ET reported, citing Boston Business Journal. "These will be go-to-market roles in order to simplify our client engagement approach and better support our business strategy.