Track Financial News

investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.Anjali Sharma wants to build a corpus of Rs.7 crore in five years. Here’s what the doctor has advised:PORTFOLIO CHECK-UP

By Florence Tan

Fairstreet Sports, the India commercial rights partner of Dorna Sports, intends to invest more than Rs 250 crore in the organisation of MotoGP Bharat, with expectations of a positive impact on the local economy of over Rs 950 crore, said Pushkar Nath Srivastava, Founder and COO, Fairstreet Sports. «In the first year, we anticipate MotoGP Bharat to have an average economic impact of Rs 962 crore, on Greater Noida and Delhi-NCR,» said Srivastava. He added that the event will create thousands of temporary jobs in addition to bringing in a large influx of domestic and foreign tourists. Fairstreet Sports has bagged the India rights from Dorna Sports, S.L. which is the commercial rights' holder for the motorcycling sport of Grand Prix racing. The investment includes the commercial rights fee payable to Dorna as well as infrastructure and logistics.

New Delhi: Local fast-moving consumer goods brands, which struggled in the aftermath of covid, are scripting a resilient resurgence with robust localized marketing strategies, including offering products at competitive price points, to take on the more established companies. According to a recent study released by researcher Kantar, volume growth of local brands surpassed that of national brands significantly over the 12-month period ended 30 April. Local brands, defined as those operating within a single market, witnessed 12.7% volume growth, while national brands posted 8.2% rise during the period.

The NTSB is renewing its calls for major freight railroads to equip every locomotive with automated track inspection devices that it believes could have prevented a 2021 train derailment that killed three people in Montana

India is working on an ambitious plan to create energy, mineral and cement transport corridors for the seamless movement of coal, iron ore, bauxite and cement. The railways ministry plans to seek Cabinet approval for a ₹5.25 lakh crore investment programme during fiscal years 2024-31 to improve rail connectivity to mining areas, cement plants and consumption points, based on the PM Gati Shakti National Master Plan.

India will launch TechEquity — a digital inclusion platform that seeks to bridge the gender digital divide — on Tuesday, the first day of two-day G20 EMPOWER summit in Gandhinagar. «The platform will impact two to three million women across the globe over the next year,» Sangita Reddy, joint managing director of the Apollo Hospitals Group and the chair of G20 EMPOWER, told ET.

New coin 'BALD' launched this weekend on Coinbase's new chain, Base - and exploded to as high as a $70 million market cap in less than 24 hours, on LeetSwap decentralized exchange.

Vande Bharat Express on launch. With a deluge of new routes this year, India now has 25 pairs of Vande Bharat services, 18 of which have been launched in 2023. On most routes, the Vande Bharat has become the go-to option for its amenities and shorter travel time.

ISRO's Polar Satellite Launch Vehicle (PSLV) placed seven Singaporean satellites in orbits, Hyderabad-based Ananth Technologies contributed a range of components that made the spaceflight a success. Ananth Technologies Limited (ATL) supplied avionics packages and power systems for the PSLV, which had its 56th launch on Sunday and was also responsible for the sub-assembly integration of ISRO's warhorse rocket.

₹1,78,012 crore on rail safety, including the budget estimate for FY24, at an average annual spend of ₹17,801 crore. This is 2.5 times the safety spend of the railways prior to 2014.

Crypto.news — The Heartland Tri-State Bank is bankrupt but the Federal Deposit Insurance Corporation (FDIC) has already stepped in to protect customer interests, reports on July 29 show.

girls and women went missing in the country in three years between 2019 and 2021 and most of them were from Madhya Pradesh, followed by West Bengal. According to the Union Home Ministry data, tabled in Parliament last week, 10,61,648 women above 18 years and 2,51,430 girls below that age went missing between 2019 and 2021 across the country. The data was compiled by the National Crime Records Bureau (NCRB).

European Space Agency's (ESA) Aeolus has become the first ever dead satellite that was assisted back to earth in a bid to avoid space debris. The Aeolus spacecraft, also known as ESA's wind mission, was guided to re-enter Earth's atmosphere, after running out of fuel by the mission officials at ESA. It landed in Antarctica on July 28.

Zuckerberg believes that user retention on the text-based app was higher than what the executives had anticipated, but he acknowledged that it was "not perfect." He made these remarks during an internal company town hall. "Obviously, if you have more than 100 million people sign up, ideally it would be awesome if all of them or even half of them stuck around. We're not there yet," said Zuckerberg as per Reuters.

Best-performing Flexi Cap Funds in 10 years (till July 28): Direct plans of as many as 10 Flexi Cap Mutual Fund schemes have given over 16% annualised returns in 10 years. The regular plans of these schemes have also given over 15% returns in this duration, as per data on the website of the Association of Mutual Funds in India (AMFI) tracked till July 28, 2023.

By Nishant Behl

The monsoon season brings with it a unique charm and a sense of adventure, but it also requires extra caution when planning your travel. Whether you’re embarking on a weekend getaway or a long-awaited vacation, ensuring your safety and security during this rainy season should be a top priority. By following a few essential tips and taking necessary precautions, you can enjoy your journey without compromising on your well-being. This article provides valuable advice on how to travel safely and securely during the monsoon, allowing you to make the most of your rainy season adventures.

Also read: Video of couple romancing on bike goes viral, Delhi Traffic Police reacts The truck driver responsible for the collision fled the scene, leaving the truck behind, According to Delhi Police. Delhi Police reported that legal action is being taken and efforts to track down the driver involved in the accident are underway. In another tragic road accident that occurred on the morning of July 29 in Maharashtra's Buldhana district in which at least 6 people died and 21 were injured when two luxury travel buses collided on National Highway-6.

Lata Mangeshkar's iconic live performance at Royal Albert Hall in London, her immortal melodies once again graced the esteemed venue in a special tribute concert, «Lata Mangeshkar: Bollywood Legend,» as part of the BBC's annual summer season of orchestral music known as the Proms. The event, Prom 18, captivated the audience with renditions of her timeless classics, accompanied by the City of Birmingham Symphony Orchestra (CBSO).

Texas Rangers have made a significant move to bolster their pitching rotation, agreeing to acquire three-time Cy Young Award winner Max Scherzer from the New York Mets. The deal, still awaiting official announcement, comes amidst the Rangers' recent struggles, with a 4-0 loss to the San Diego Padres being their sixth defeat in eight games, narrowing their AL West lead to just one game over the Houston Astros. The blockbuster trade sees the Rangers add the 39-year-old Scherzer, a highly accomplished pitcher with a stellar track record. This acquisition comes as a timely boost for the team, with their ace Nathan Eovaldi experiencing setbacks, causing his next start to be pushed back once again. Manager Bruce Bochy has expressed the need for the rotation to improve, making Scherzer's arrival all the more crucial. Meanwhile, Scherzer's addition to the Rangers' roster means joining forces with another former Mets pitcher, the two-time Cy Young Award winner, Jacob deGrom. Unfortunately, deGrom is currently sidelined due to Tommy John elbow surgery, potentially keeping him out of action until the end of next season.