Time Financial News

By Makini Brice

Manipur Government to suit Meitei communal interests while conveniently ignoring the historical facts. The letter highlighted the representation submitted earlier by the Ojha Sanajaoba Memorial Trust (OSMT) and explained how the Memorial Trust's demand for the insertion of protective clause under Article 3 and amendment of Article 37 IC (1) & (2) of the Indian Constitution is myopic and communal, and portrayed the exclusive mindset of the Meitei community at large.

NEW DELHI : Systematic investment plans (SIPs) into mutual funds hit an all-time high in September, crossing the ₹16,000-crore mark for the first time while inflows into small and midcap funds moderated amid sky-high valuations in some stocks. Net inflows into equity mutual funds dipped by 30% while debt fund outflows hit an 18 month high of ₹1.01 trillion, mutual fund body AMFI said Wednesday. SIPs stood at ₹16,042 crore in September, up from ₹15,814 crore a month ago.

₹1,032 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹12,526.94 crore of Indian equities, while they sold ₹12,948.71 crore --- resulting in an outflow of ₹421.77 crore on Wednesday.

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The Solana price has jumped by nearly 1% in the past hour, with its move to $22.37 also representing a 0.3% gain in the past 24 hours.

Shilpa Bhaskar Gole, Founder & Chief Financial Wellness Coach, NerdyBird Financial Wellness, says “when you are reviewing your portfolio, what are some of those reasons which could lead you to having an exit strategy? I find in my area of work that there are four or five typical reasons why people will want to exit from the mutual fund. One question that I get asked most often is, I am invested for a long-term goal. You were also mentioning mutual fund as a long-term strategy. When is a good time for me to get out of this mutual fund and redeem my amount? That is number one.” Do you come across a question where people ask you how one should exit a fund or if that even exists as a concept when you talk about investing in a mutual fund? A lot of my clients ask me this question around exiting mutual funds. I think the first assumption that one must have is that you are talking about people here who are reviewing their portfolio on a regular basis and are reviewing it from the perspective of goal-based asset allocation. We are saying that whatever mutual funds you have in your portfolio are there to help you accomplish your goals. With that assumption in mind, a lot of clients come to me with that question. What we look for is what these exit cues are.

₹1233.90 apiece in early Wednesday trading on the back of a huge surge in volumes. Over the past ten trading sessions, the shares have gained 15%, and their year-to-date increase stands at 35%. Out of the last nine months, the stock closed positively six, with the most significant monthly gain occurring in May at 16%.

New Zealand's immigration numbers have hit an all-time high, enabling employers to fill jobs but also putting pressure on the housing market, according to economists. The net number of immigrants was 110,000 in the year ending August, beating the previous high of 103,000 set a month earlier, according to figures released Wednesday by Statistics New Zealand. The numbers represent a big turnaround after more people left New Zealand than arrived during much of the COVID-19 pandemic. “We are talking very, very big numbers for a small economy like ours,” said Jarrod Kerr, chief economist at Kiwibank. Kerr said the surge likely reflected pent-up demand that had built during the pandemic. He said it had come as a relief to employers, who last year were having great difficulty finding skilled workers to fill vacant roles. New Zealand's unemployment rate remains at a relatively low 3.6 per cent.

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Sam Bankman-Fried’s defense team is preparing to question Caroline Ellison, the former CEO of Alameda Research, over FTX’s investment in AnthropicAI.

The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.

TCS reporting its current fiscal's July-September quarter (Q2FY24) earnings, Indian corporates will start disclosing their September quarter scorecards from Wednesday, October 11. Experts are not expecting a firework this time. They believe the numbers will be mostly stable.

Grocery price inflation during the period was still double digits at 11%, and take-home grocery sales rose by 9.1%.

The PEPE price has slipped by 2.5% in the past 24 hours, with the meme coin now also down by 10% in the past week, at $0.000000668902.

However magnificent the “Magnificent Seven" tech titans might be, it is probably time for investors to look past them—way past. Of the 3,000 companies that make up virtually all of America’s stock market, an index representing the most valuable one-third, the Russell 1000, is looking healthy again. Stocks can be a harbinger of economic downturns, but a false alarm after last year’s mild bear market seemed to prove economist Paul Samuelson’s quip that “the stock market has predicted nine out of the last five recessions." Look below the hood, though, and stocks’ message about the economy is more concerning.

Vinit Bolinjkar, Head of Research, Ventura Securities, says “Haifa port was a crucial cog in the wheel of Adani Ports. As the Adani group is in infrastructure, debt is a large part of their programme. That stock is taking a hit because of the uncertainty created by the Middle East tensions. Also the Supreme Court hearing on the Hindenburg Report is on October 13. So, we might as well wait until that before taking any fresh exposure to Adani stocks.” On PSU banks In the last runup, they were the ones that had outperformed the most.

The Solana price has dropped to $22.81 today, representing a 2.5% fall in the past 24 hours as the wider market slips by 0.5% in the same amount of time.

Rohit Sharma said he wanted his white-ball teams to be prepared for situations where top order fails. “We have to prepare for when the team is 10 for 3,” he said on the Backstage with Boria show. “That’s how I want to move forward and get the message across to the boys who are batting at No.

divorce. 'Silver divorce' — the growing trend in India of couples above the age of 50 — may not be the terrible 'home breaker' that it may seem to many from the outside.

It’s one thing to work long hours. It’s another to surrender your free time to swirling thoughts of office predicaments and projects hanging over your head. Many of us can’t let work go.