Track Financial News

HSBC Mutual Fund has announced the launch of HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme. The new fund offer or NFO of this new scheme will open for subscription on September 5 and will close on September 19. HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies engaged in or expected to benefit from export of goods or services. The scheme has the flexibility to invest in companies that are part of the exports theme across market capitalization – large cap, mid cap and small cap companies, according to a press release by the fund house.

When Dana Saperstein quit her marketing job to spend six months hiking the Pacific Crest Trail, the then-31-year-old thought of it as a microretirement. “If I keep working myself to the bone until 60 years old, I might physically never be able" to hike the 2,650-mile Mexico-to-Canada trail, she said. Saperstein is among a small number of workers in their 20s and 30s borrowing years of freedom from their future selves to enjoy some of their retirement while they are still young.

Investors are continuously increasing their contributions towards systematic investment plans (SIP). Data show that inflows through SIPs have increased every month touching ₹23,332 crore in July 2024, as compared to ₹15,814 crore in August 2023. HOW CAN A SIP INVESTMENT BE INCREASED? Investors can increase their monthly SIP contribution by adding money to their existing mutual scheme or choosing a new fund for their portfolio. They can schedule the additional amount on the existing SIP date or any other convenient date. Choosing different dates helps in spreading the investments over the month.

Popular layer 1 Ethereum rival Cardano ($ADA) has stumbled to $0.32 after absorbing overnight losses of around 1%, capping a 7-day depreciation of 10%.

In what will be written in history for Indian para sports, the track and field athletes showcased their might for the second consecutive day at the iconic Stade de France, bagging five medals — two silver and three bronze — as the country ended day six of the quadrennial showpiece at 17th place. In thrilling matches that were held simultaneously on late Tuesday, India grabbed four medals--two in men's high jump T63 event and two in javelin throw T63 event. In the high jump event, Sharad Kumar won silver, Mariyappan Thangavelu clinched bronze while in men's javelin throw F46 final, Ajeet Singh won silver, Sundar Gurjar settled for bronze.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

The Dutch data protection watchdog has issued facial recognition startup Clearview AI with a fine of 30.5 million euros or $33.7 million over its creation of what the agency called an “illegal database” of billion of photos of faces

Passenger planes come into contact at New Chitose Airport during wintry weather conditions. (Credit: Reuters)

Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore. «Of the total cost of AoNs, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories,» said the official statement, For modernisation of the tank fleet of the Indian Army, the proposal for procurement of Future Ready Combat Vehicles (FRCVs) has been cleared. The FRCV will be a futuristic Main Battle Tank with superior mobility, all terrain ability, multilayered protections, precision & lethal fires over and real-time situational awareness.

interest rate cut in the cards at their Sept. 17-18 meeting. By the end of last month, when Federal Reserve Chair Jerome Powell said it was time to start lowering borrowing costs, nearly all of his colleagues thought so too. In large part, that was because a wide range of data moved in one direction. That pushed Fed policymakers to reassess the risks to their outlook, including whether their chief concern should be persistent inflation, labor market weakness, a deterioration in business or household financial conditions, a potential policy mistake, or some combination of those factors.

The oldest millennials have entered their 40s and are noticing the effects of aging. It might not be in their heads. A growing body of research says the aging process might resemble rolling hills more than a slow and steady climb.

market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.15% at 25,338 levels on Monday. India VIX was up by 5.17% from 13.39 to 14.06 levels.

The price of popular Solana meme coin DogWifHat ($WIF) has dropped 24% in the last seven days, posting the biggest intraweek losses among any of the ten biggest meme coins by market capitalisation.

POP, a fintech enabler for direct to consumer brands started by former Flipkart employees, has introduced India’s first multi-brand co-branded credit card developed in collaboration with RuPay and Yes Bank. This launch coincides with POP surpassing one million UPI transactions, aims to leverage the power of the RuPay network to make credit on UPI easier for its network of users As India’s first multi-brand co-branded card, it brings together top brands such as Zomato, Blinkit, Cult, Rapido, Cleartrip, and Pharmeasy, covering key daily expenditure categories like e-commerce, groceries, F&B, travel, and health and fitness. POP aims to create a relevant value proposition with these marquee brands while leveraging the growing UPI and RuPay networks. Cardholders can earn rewards on every transaction through POPcoins. RuPay card holders benefit from accelerated POPcoins earnings when using the card with POP UPI.

oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday. The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month. Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said.

Artificial intelligence is beginning to allow many employers to automate functions long performed by human workers

President Draupadi Murmu heaped praise on Indian para-sprinter Preeti Pal following her second medal in the ongoing Paris Paralympics 2024. Preeti Pal clinched the bronze medal in the 200m T-35 race on Sunday. With this medal, Preeti created history as she became the first-ever Indian woman athlete to win 2 medals in the track & field event at the Paralympics, or Olympics. In this event, Preeti registered her personal best as she finished the race in 30.01 seconds.

Thulasimathi Murugesan assured India of one more medal as she reached the finals of Women's Singles SU5 on Monday in the ongoing Paris Paralympics 2024. Murugesan defeated her compatriot Manisha Ramadass 23-21, 21-17 and went on to finish the match in just 40 minutes. Following this loss, Ramadass will now compete in the bronze medal match.

Leclerc won the Italian Grand Prix on Sunday to delight Ferrari's massed ranks of fans as Lando Norris again chipped away at struggling champion Max Verstappen's lead in the Formula One drivers' standings. Monegasque Leclerc claimed victory at Monza for the second time after winning in 2019, holding off McLaren pair Oscar Piastri and Norris in a thrilling race in which Verstappen finished nearly 38 seconds off the pace in sixth. Huge roars engulfed the stands as Leclerc took the chequered flag for his second win over the season, after his own home Monaco GP, after holding out on a set of hard tyres he had changed during his one and only pit stop on the 16th lap.

And before it could sink in, she was screaming again, “He has broken it again.” Malik was talking about Sumit Antil, who broke his own world record in javelin throw (F64) three times in 45 minutes to win gold at the Tokyo Paralympics in 2021. Last year, he set a new world record with a 73.29m throw to win gold at the Hangzhou Asian Para Games. Antil now aims to repeat the ‘world record-gold medal’ double at the Paris Paraplympics. Expectations will be high when enters the Stade de France tonight for the final. “He is going for gold. And perhaps with a world record throw,” said Satyanarayana Shimoga, head coach of the Indian track and field team.

Kavach that was developed in the country will now be implemented in a mission mode, Railway Minister Ashwini Vaishnaw has said. The minister stated this in his welcome address before the flagging-off of three Vande Bharat trains by Prime Minister Narendra Modi on Saturday. Vaishnaw that India has elected the leadership of PM Modi for the third time that is decisive, visionary and forward-looking and its impact is visible in every aspect of life including in Railways. «It always lacked technology and investment and nothing changed for decades,» Vaishnaw said alleging that a technical organisation like the Railways was politicised.