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The actively managed First Trust Vest US Equity Moderate Buffer UCITS ETF (GFEB) aims to help investors maintain a pre-determined level of 15% downside protection, with a growth cap of 13.9% on the S&P 500. Jupiter forced to divest crypto ETP holding on compliance team demands In February 2025, the fund's outcome period will end as it runs for approximately one year. The cap and buffer will then reset based on market conditions. GFEB, which is listed on the London Stock Exchange, is the second First Trust target outcome UCITS ETF. The fund is sub-advised by Vest Financial using ...

If the changes are approved, L&G PAIF will reduce its current 80% exposure to direct property investment to around 45%, ringfencing the fund from the ongoing Financial Conduct Authority consultation on direct property funds, which is targeting strategies with greater than 50% direct property exposure. The fund will also reduce its current 20% cash balance, instigated following the widespread 2020 suspensions to offer better liquidity to investors, to 10% with the remaining 45% of the fund invested in REIT shares. Hugh MacTruong, senior distribution strategy manager at LGIM, told Inves...

Enforcement Directorate has issued fresh summons to TMC leader and expelled Lok Sabha MP Mahua Moitra for questioning in a FEMA contravention case after she did not depose on Monday, sources said. The 49-year-old politician has been given a week's time to appear after she sent a communication to the agency expressing her inability to depose, they said. A response from the Trinamool Congress (TMC) politician was not available immediately. The ED wants to question Moitra and record her statement under the provisions of the Foreign Exchange Management Act (FEMA) once she deposes.

A missile attack by Yemen’s Houthi rebels damaged a Belize-flagged ship traveling through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, forcing the crew to abandon the ship

Hundreds of tractors have blocked a lane in downtown Prague in a farmers protest over European Union agriculture policies and what they say are unfair practises

Quick-commerce unicorn Zepto is experimenting with a membership programme called Zepto Pass. Priced at Rs 99 per month, the membership offers unlimited free deliveries on orders costing over Rs 99, and discounts of up to 20% on certain orders. While discounts are available to some users for orders over Rs 299, for others the threshold is over Rs 699. The firm is currently offering the service to a targeted set of users, with some getting an introductory price of Rs 19.

Hindalco Industries is putting a major thrust into its sustainability projects as the company expects to realize the first phase of its interim green house gas (GHG) reduction target by a couple of years before 2030, said Satish Pai, managing director of the company. Hindalco Industries, through the successful completion of phase one of the pumped hydro project, plans to achieve 30% of its energy mix from renewable sources by 2030.

By Xinghui Kok and Joe Brock

₹207 crore ($25 million) to the second fund of India-focused growth capital fund Amicus Capital Partners. The investment is from NIIF Fund of Funds – I, the first fund under NIIF’s Private Markets business. The commitment underscores NIIF's intent to back "fund managers who are executing a well-defined investment strategy in a disciplined manner with a strong team", said Anand Unnikrishnan, managing partner – private markets, NIIF, in a release.

Major companies join forces to combat AI-generated election interference Srinivas said that the employee who received a massive salary hike was part of the 'search team' and had no direct involvement with its AI division. Further, Srinivas spoke about the layoffs in the tech industry. He said the firms target those with high salaries who do not proportionately contribute to productivity.

Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor.

BJP on Monday slammed West Bengal Chief Minister Mamata Banerjee for questioning the version of some of the complainant women in Sandeshkhali, saying she has made «very cheap» remarks and that it was time to throw out her government. BJP MP Locket Chatterjee said women's protests in Sandeshkhali were spontaneous and there was no politics in it as her party has only tried to protect them and raise their voice. She also claimed that what happened to women in Sandeshkhali was a reminder of atrocities against women in countries like Iraq and Pakistan. The local TMC strongman Shajahan Sheikh, who is seen as a key accused in the complaints of sexual atrocities and land grab, is being protected by Banerjee, the Lok Sabha member alleged.

commitment of Rs207 crore ($25 million) from NIIF Fund of Funds – I, the first fund under its Private Markets business to Amicus Capital Partners India Fund II. With a target size of $200 million, Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey, across sectors such as speciality manufacturing, technology & business services, healthcare, financial services and other sectors, stated a release from NIIF.

Indian Army, with a strength of 12 lakhs, is preparing for a significant upgrade of its current tanks and the induction of new-generation tanks for future battles. In a TOI report, senior officers have stated that the extensive destruction of Russian tanks in the ongoing Ukraine conflict, primarily in the initial days, was more due to «poor tactics» than anything else. They noted that Russia deployed tanks without adequate logistics support and failed to provide sufficient backup from infantry, artillery, electronic warfare, and close-air support units. According to a senior officer, "Combined-arms operations" were critical and missing in the conflict. Tanks remain essential for both offensive and defensive operations, offering mobility, firepower, and armored protection crucial for large-scale ground battles.

“Renewal and green energy investment are two focus areas of the government. The share of renewal in the overall energy pie is only going to increase going forward, not only in India but across the world,” says Sachin Bajaj, Executive Vice President & Head – Investments, Max Life. In an interview with ETMarkets, Bajaj said: “Fiscal consolidation, continuation of capex growth, focus on energy transition, housing, tourism, healthcare, and railways are the key themes from the Budget,” Edited excerpts: Rs 11.11 lakh cr – a number which has caught the eye of many. What do you make of the current outlay and the impact it will have on the economy? Sachin Bajaj: Rs 11.11 lakh crore is the capital expenditure target for the next fiscal year. While the growth of 17% for FY25 looks a bit lower when compared to the current financial year, however, if we look at the capex for FY21, the same number was Rs 4.1 lakh crore, i.e., almost a 3x increase in 4 years.

Sensex surged 376.26 points, or 0.52%, to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. “Indian markets showed resilience despite volatility. Q3 earning season has ended on a buoyant note with Nifty delivering a strong beat with a 17% YoY PAT growth versus estimates of +11%.

Stock market today: Following a rally in the strong market, the Indian stock market ended higher for the fourth day in a row on Friday. The Nifty 50 index shot up 129 points and finished at 22,040 level, the BSE Sensex surged 376 points and closed at 72,426 mark while the Bank Nifty index ended 165 points up at 46,384 level. In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1.

Aroa Venture Partners, a 2020-founded venture capital firm that invested in companies such as Unacademy, Urban Company and Cred, has launched a new fund with a target corpus of Rs 400 crore (about $50 million). Aroa Opportunities Fund, which registered as a category II alternative investment fund (AIF) with Securities and Exchange Board of India (Sebi) in October 2022, has received in-principle commitments of over Rs 400 crore so far, founder and managing partner Gaurav Gulati told ET in an interaction.

private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by Tata Advanced Systems (TASL) was completed last week and is being sent to Florida for an expected launch by April.

Test match to romp to a 434-run win, their biggest victory in terms of runs. India now lead 2-1 with two Tests to play and once again look like a force at home. For some time now the template has been to play on rank turners at home, and this has resulted in a lottery of sorts. But, with England attacking relentlessly, India returned to the old model. On a Rajkot pitch that was built to last five days, with wear and tear coming into play at the back end, India played to their strengths and pulled off a perfect home Test. Records fell along the way. Yashasvi Jaiswal, returning to the crease, creamed 12 sixes — equalling the mark Wasim Akram set in the course of his unlikely double-hundred against Zimbabwe — and became the third Indian to score back-to-back double-hundreds in a series.

OpenAI is rolling out what it calls a memory feature in ChatGPT. The popular chatbot that uses artificial intelligence (AI) will be able to store key details about its users to make answers more personalized and “more helpful," according to OpenAI. These can be facts about your family or health, or preferences about how you want ChatGPT to talk to you, so that instead of starting on a blank page, it’s armed with useful context.