Track Financial News

Retail investors are betting big on small-cap funds as the category constitutes more than 50% of net inflows of actively managed equity fund categories. They should now preferably deploy money in these funds in a staggered manner through systematic investment plans (SIPs) or systematic transfer plans (STPs) and avoid lumpsum investments as valuations are turning expensive and the Nifty Smallcap 250 Index is at its all-time high.

The SEBI AIF regulations 2012 defines CAT III AIFs as funds which employ diverse or complex trading strategies and may employ leverage including through investment in listed or unlisted instruments. The CAT AIF industry is growing rapidly — the number of SEBI registered AIFs went from 173 in March 2022 to 207 in March 2023. The total commitment raised from investors stands at Rs 80,900 crore as on March 2023.

The Omaxe Group, a leading real estate company, claims to have amicably resolved the brother’s legal dispute in NCLT Chandigarh and Delhi. Pursuant to an amicable settlement, Sunil Goel has unconditionally withdrawn all his complaints and cases, which were pending before various courts, tribunals, regulators and authorities.

Cashfree Payments, payments and API banking solutions company, has partnered with Jamboree, an educational consultancy, to simplify fee payments for Indian students studying overseas. The partnership leverages Cashfree Payments’ cross-border payment solution, which streamlines and digitises the entire payment process from KYC verification, payment collection, to outward remittance, an official release said. It further eliminates the need for physical bank visits, offline KYC submission and verification, providing students with a convenient, fast, cost-effective, and transparent payment experience, the release added.

Indian Bank has partnered with OneCard to introduce state-of-the-art, mobile-first, contactless, metal cobranded credit cards, OneCard said in a release today. OneCard is a metal credit card designed exclusively for mobile use that FPL Technologies launched and manages in collaboration with issuer banks.

study abroad journey successfully. 1. Identify Your Essential Expenses: Pinpoint your non-negotiable costs for daily life, including rent, transportation, groceries, utilities, and healthcare. Understanding these expenses is crucial for maintaining a comfortable standard of living. 2. Look for Potential Fund Sources: Explore various funding options such as loans, scholarships, grants, part-time work, savings, and family contributions. Your available funds form the foundation of your financial plan.3. Calculate Disposable Income: Deduct essential costs from your total funds to determine your disposable income. This is the money available for non-essential items and leisure activities, giving you flexibility in your spending.

WSB Real Estate Partners has raised over Rs 850 crore through its residential property debt fund WSB Real Estate Debt Fund II (WSBREDF II) surpassing its initial target commitment of Rs 500 crore The total commitment includes the fund and an option to its investors to co-invest in specific transactions. The fund will focus on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record. The fundraise has witnessed active participation from including large family offices, corporates, offshore investors, and high networth individuals (HNIs). “This is a testament to the investors’ confidence in our ability to identify and execute real estate opportunities for providing attractive risk-adjusted returns. In the current fund,WSBREDF II, over two-thirds of the fund is deployed across 12 transactions, securing two exits with a 23% gross internal rate of return (IRR),” said Kaushik Desai, managing partner and investment committee member of WSB. The fund has partnered with developers including Bollineni Group, Shapoorji Pallonji and Jain Housing. According to Desai, over 12,000 homes have been developed and delivered through its portfolio projects in the last 4-5 years across over 40 projects. Since its inception in 2013, WSB Real Estate Partners has managed and committed over Rs 2,000 crore of debt capital to the residential real estate space.

Shares of Leo Lithium crashed 50 per cent on Monday as Mali’s military regime halted the miner’s plans to ship its first ore amid escalating problems engulfing its African lithium dream in the war-torn country.

Andrew Forrest calls it ripping off a bandaid quickly.

Joe Biden and Vice President Kamala Harris. “I don't think President Trump's going to be the nominee. I think it's going to be me.

Kushal has been employed for the past four years and knows that he should start getting serious about the way he manages his finances. He leads an independent life away from his parents. In the past, he has tried to make a budget and live according to it, but finds it extremely restrictive. He dislikes the idea of keeping track of his spending within the limit allowed to him under his budget. He wants to be able to do the right thing as far as his finances are concerned, but is not sure how to do it since budgeting is an essential starting point to managing money. Is there another way that he can manage the situation? The purpose of a budget is to help develop the discipline to live within one’s means and save money for future goals and needs.

Indian Space Research Organisation by offering deep space communication services and aiding ISRO in validating critical new flight dynamics software. The ESA said that it is impossible to get any scientific data from a spacecraft without ground station support because communication is an essential part of every space mission, according to a report published by the news agency PTI.

Nicki Minaj snagged an award at the inaugural Caribbean Music Awards held in Brooklyn's Kings Theatre on August 31. Her track «Likkle Miss» with Skeng won Collaboration of the Year (Dancehall/Reggae), featured on her album «Queen Radio: Volume 1». Nicki Minaj is nominated for six awards, including Artist of the Year and Video of the Year, at the upcoming MTV Video Music Awards on September 12.Machel Montano received the Male Artist of the Year (Soca) award and a Lifetime Achievement Award. Beres Hammond also received the Male Artist of the Year (Reggae) award and the Elite Icon Award. Other double winners were Kabaka Pyramid, Ding Dong and Patrice Roberts. Reggae legend Buju Banton was honored with a Humanitarian Award for his Buju Banton Foundation's philanthropic efforts. The event featured performances by Wayne Wonder, Alison Hinds, Jada Kingdom, Dexta Daps, Kranium, Nailah Blackman, Ding Dong, Rupee, Baby Cham, Toni-Ann Singh, Romain Virgo, Angela Hunte and Stone Love. The host was Wyclef Jean, and notable appearances were made by Doug E. Fresh, Skeng, MYA, Spice, Morgan Heritage, Konshens, Karlie Redd, and Michael Rainey Jr. The Caribbean Music Awards celebrated various forms of Caribbean music, including reggae, dancehall, soca and zouk. The event was livestreamed via Tempo Networks/YouTube and Instagram through @CaribbeanEliteMagazine.

ET Sustainability Forum. Today’s technological advancements in data capturing and data management using internet of things (IoT) are helping companies monitor all the operations in real time to track performance and improve energy efficiency, said Dr Pradeep Panigrahi, Head, Corporate Sustainability, Larsen & Toubro.

BTS member candidly interacted with his adoring fans, divulging his wishes and aspirations. Among the revelations, Jung Kook expressed his desire to embark on a solo world tour, sparking a frenzy of excitement among the global BTS ARMY.

Tata Steel, and Bharat Heavy Electricals. These orders—let’s say to make 1,000 precision parts that will go into an aircraft—are next routed to the right manufacturers in its network. Manufacturers quote their prices and the work is finally sub-contracted.

railway projects including 15 new railway lines in Telangana with a total outlay of Rs 83,543 crore, Union Tourism and Culture Minister G Kishan Reddy said on Sunday. Speaking to reporters, the Union Minister alleged that due to the «non-cooperation» of the ruling BRS government, works on laying over 700 km railway tracks have been stalled. «We (the Centre) have asked the state government to speed up the land acquisition for railway projects.

BJP and the opposition traded barbs on Sunday over Prime Minister Narendra Modi's remarks in an interview to PTI ahead of the G20 summit, with the ruling party leaders hailing his vision for the country and INDIA bloc parties raising questions on «rising» prices and unemployment. In the interview, Prime Minister Narendra Modi asserted that the 'Sabka Saath Sabka Vikas' model can be the guiding principle for the welfare of a world shifting from a GDP-centric approach to a human-centric one. Irrespective of the size of the GDP, every voice matters, Modi told PTI in an exclusive interview conducted late last week at his Lok Kalyan Marg residence. Prime Minister Modi said that India's economic growth is a natural by-product of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with «corruption, casteism and communalism» having no place in our national life. His remarks evoked contrasting reactions from the ruling party and opposition leaders. «There is no doubt in anyone's mind that India under PM Modi over the last nine years and India's G20 presidency are big milestones in the country's rise on the global stage,» Union minister Rajeev Chandrasekhar said on Prime Minister Modi's 'India soon to be in top three world economies' remark.

LONDON (Reuters) -British finance minister Jeremy Hunt said on Saturday inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break.

tourism sector in Himachal Pradesh suffered losses of about Rs 2,000 crore in July and August, owing to which hoteliers in the state have started offering attractive packages to get back on track. The tourism industry in the hill state, which was in the revival process after Covid-19, received another blow as the monsoon wreaked havoc, leading to low tourist footfall. This sector, which contributes over Rs 14,000 crore annually to Himachal Pradesh's GDP, lost around Rs 2,000 crore during July and August as heavy rains damaged road infrastructure — the lifeline of the hill state — and also cast a shadow on the already restricted air and rail connectivity, officials of the tourism department said. «The tourism industry has suffered heavy losses and the only silver lining was an influx of devotees in six Shakti Peeths in Una, Bilaspur and Kangra districts of the state,» Amit Kashyap, managing director of Himachal Pradesh Tourism Development Corporation (HPTDC), told PTI on Sunday. About 8.24 lakh pilgrims visited Chintpurni, Sri Naina Devi, Jawalaji, Brajeshwari, Sri Baglamukhi and Chamunda Devi shrines during the Navratri from August 17 to 25, according to police data.

Pat Cummins has been called it. So have King Charles and Pope Francis. Florida governor Ron De Santis has made it the centrepiece of his campaign for president. It also follows around everyone involved in the Yes campaign for the Voice.