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According to the Thinking Ahead Institute, the 2023 figure represented a 12.5% uptick from the previous year, after AUM fell 13.7%, or $18trn, during 2022. BlackRock, Vanguard, Fidelity, State Street and JP Morgan made up the top five largest money managers in the world, managing more than $30trn between them. For the first time ever, passive investment strategies accounted for more than one third of AUM among the 500 largest firms (33.7%). UK investment management industry AUM recovers to £9.1trn This was partly the result of «a compelling value proposition, particularly in ter...

Silver touched a historic high of Rs 1 lakh per kg with a Goods & Services Tax (GST) of 3 per cent in the physical market on Monday, up by almost Rs 5,000 per kg from Friday. “Prices may soon touch Rs 1.25 lakh per kg. Silver, the poor man’s gold, is on a bull run as industrial demand of the metal is on the rise. Also the rising gold prices is impacting the price rally of silver,” said Prithviraj Kothari, president of India Bullion & Jewellers Association (IBJA). Jateen Trivedi, VP Research Analyst- Commodity & Currency at LKP Securities said "Silver prices have gained strong upward momentum, with physical market prices surpassing Rs 100,000 per kg in India. As gold prices soar, retail buyers are increasingly turning to silver, viewing it as a relatively cheaper alternative at these levels, especially with gold now touching ?78,000 for 10 grams. The rise in silver is being driven not only by its appeal as a more affordable precious metal but also by increasing demand from the electric vehicle (EV) sector and photovoltaic applications, which is expected to sustain global demand in the medium to long term.”

Delhi Police has beefed up security arrangements in various markets, which are bustling with shoppers during the festival season, and asked the railway and Metro staff to be on high alert following the blast in front of CRPF school in Rohini's Prashant Vihar area, officials said on Monday. The strong explosion ripped through a wall of the CRPF school on Sunday morning. No one was hurt in the blast which also damaged hoardings of nearby shops and window panes of vehicles parked near the site. «We have asked our staff to keep a tight vigil on every single railway and metro station. Additional force deployment will be made to check any suspicious activities,» a senior police officer said. The officer said that joint patrolling teams with the Railway Protection Force (RPF), Government Railway Police (GRP) and other stakeholders have been deployed.

PhonePe reported a 73% jump in operating revenue at Rs 5,064 crore for financial year 2024, from Rs 2,914 crore a year ago. Its net loss for the year fell 28% to Rs 1,996 crore from Rs 2,795 crore in the previous fiscal. Its overall expenses went up 31% to Rs 7,756 crore in FY24 compared to Rs 5,907 crore in FY23. The expenses were primarily driven by employee expenses which in FY24 stood at Rs 3,603 crore compared to Rs 3,096 crore in FY23. Payment processing charges for fiscal 24, the cost payment companies have to bear to settle digital transactions with banks, jumped 74% to Rs 1,166 crore compared to Rs 667 crore in the year prior. Sharing the details in its annual report for FY24, the Walmart-backed company said it reported a profit of Rs 197 crore in the last financial year, excluding employee stock ownership costs, which shows that its core operational business has started to show profits.

Paul Romer on Monday said Aadhaar is the most important technological system in the world right now and it has laid the foundation of a platform to enable people to avail government benefits, including direct benefit transfer. Speaking at the NDTV World Summit, Romer said that a similar platform could not be set up successfully in the US because they were monopolised by the private sector. «Aadhaar is the most important technological system in the world right now. Aadhaar solved only one problem. Present a person to me, and I will tell you what that person's number (is). »… But with that foundation, you can then build all of these fantastic services that you now enjoy," he said.

Harris' White House campaign, punching a 74-year-old man in the head and calling another man a «n- supporter» as he fled. In northern Michigan, an assailant enraged by his hatred of Donald Trump used an all-terrain vehicle to run over and injure an 81-year-old man who was putting up a yard sign for the former president's reelection bid. The recent attacks were among at least 300 cases of political violence identified by Reuters since Trump's supporters stormed the U.S. Capitol on Jan. 6, 2021, including at least 51 incidents this year. With just two weeks to go before the Nov. 5 presidential election, the cases are part of the biggest and most sustained increase in U.S. political violence since the 1970s.

Geddes' words of warning come as the government faces a balancing act in the upcoming 30 October Autumn Budget as it looks to raise tens of billions to plug a public spending gap. A raft of tax and pensions changes are expected, including across inheritance tax (IHT), CGT, and on the pensions tax-free lump sum. In comments shared with PA, Geddes warned that CGT increases could put people off from setting up businesses in the UK and could spur an exodus, with some looking to head abroad. Government to target inheritance tax raises in Autumn Budget – reports Evelyn Partners survey...

JP Morgan has initiated coverage on Ultratech Cement and 3 other cement stocks with an upside potential of up to 31% on the belief that the sector is set for consolidation with the larger players likely to become more aggressive. “India cement sector looks set for consolidation with the larger players turning aggressive,” said JP Morgan in its note.

Losses for the July-September 2024 period are likely to widen up to Rs 660 crore from Rs 290 crore in the same period of last year. Meanwhile, revenue from operations is seen growing up to 16% year-on-year (YoY).

Pilkington was previously a managing director at AlTi Tiedemann Global, a role she held for a year and a half up until she departed in June this year. Prior to this, she was at Alvarium Investments for three years, where she helped build out the firm's co-invest platform. Brown Advisory turns to Fidelity International for UK intermediary sales director She also worked at ACPI Investments as a fund analyst and deputy fund manager on its Multi Manager balanced product and was an investment and equity fund research analyst at Rathbones. Quintin Ings-Chambers, partner and head of in...

«I do not see more than 3% to 5% kind of a price correction. But, however, in terms of broader market, we might see some more amount of correction and valuation comfort to still emerge,» says CA Rudramurthy BV, MD, Vachana Investments. After 100 points move on the upside that we had seen on Friday, again, markets are down around 100 odd points, how is the Nifty charts in fact looking like on the technical front. CA Rudramurthy BV: For me if you take a medium to longer timeframe horizon on market, we have seen already a very-very good rally and now we should see some amount of time-wise correction and that will be very healthy for markets for medium to longer timeframe.

Kunal Kamra has once again found himself in a spat with Ola- this time for highlighting troubling allegations regarding Ola’s service practices. In a recent post on X (formerly Twitter), Kamra shared an incident that allegedly took place at an Ola service centre, drawing attention to the behaviour of the company's bouncers. «Hey @bhash You’ve sold such an innovative indian product you’ve had to hire bouncers to protect the staff,» Kamra wrote in his post on X, tagging CEO Bhavish Aggartwal.

maternity leave pregnant again, was awarded a compensation of 28,000 pounds by an employment tribunal. The woman Nikita Twitchen, 27, was preparing to return to her office after having a baby when she found out she was expecting again. Before she could join back, her managing director Jeremy Morgan sacked her from her job to stop her going on another 36-week maternity leave, Daily Mail reported. Nikita Twitchen, an office administration assistant at First Grade Projects, began her role in October 2021. Left with no options to make her ends meet, Nikita was forced to take cleaning jobs while pregnant to support her family. She then took the building services firm First Grade Projects to an employment tribunal, launching an unfair dismissal claim, alleging that her pregnancy was the reason for her termination, where a judge ruled she was unfairly dismissed. ALSO READ: A Dive into Romance: Saudi couple gets married underwater in the Red Sea with attendees of fellow divers

Pidilite Industries Ltd. traded at Rs 3158.2 on BSE at 01:33PM (IST) on Monday, down 0.83 per cent. The stock quoted a 52-week low price of Rs 2293.1 and a high of Rs 3414.4. Earlier in the day, the stock saw a gap down opening.

Marico Ltd. slipped 1.09 per cent to Rs 661.85 in Monday's trade as of 01:28PM (IST). The stock hit a high price of Rs 669.35 and low of Rs 658.35 during the session.

real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. «Investors have shown confidence in India's growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion mark in Q3 2024,» Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country.

Subscribe to enjoy similar stories. Shares of Havells India Ltd have fallen 6% after the company’s lacklustre September quarter (Q2FY25) results, weighed down by rising costs in raw materials, staffing, and advertising & promotion (A&P). The company, which reported earnings announced last week, saw its revenue grow 16.5% year-on-year.

Amazon Great Indian Festival Diwali Sale: More than 30% off on AI laptops from HP, Lenovo, Acer and moreSafeguard your home’s exterior with top-notch outdoor security cameras, now available at up to 84% off during the Amazon Great Indian Festival Diwali Sale. These weather-resistant cameras provide excellent coverage, with features like motion alerts, HD video, and night vision, offering round-the-clock protection for your property.Also read: Amazon Great Indian Festival Diwali Sale is Live: Enjoy up to 80% off on wall art, hangings and moreEnhance your home’s security with advanced video doorbells, discounted by up to 67% in the Amazon Great Indian Festival Diwali Sale.

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Subscribe to enjoy similar stories. Large companies and late-stage tech companies, along with government agencies and venture capital firms, are increasingly looking for ways to stay close to the startup ecosystem, launching in-house accelerators and incubators to remain agile and fend off competition that's nipping at their heels. While edtech unicorn PhysicsWallah launched its PW School of Startups in September, gaming unicorn Games24x7’s TechXpedite was renewed for a second edition this month.

Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year. The offering by the conglomerate that runs more than 240 stores in the six countries belonging to the Gulf Co-operation Council comes during a retail spending boom in the region that is spurring domestic listings by companies in the sector. The listing, set to run from Oct. 28 to Nov. 5, will offer more than 2.582 billion shares, which are expected to start trading on the Abu Dhabi Securities Exchange on Nov. 14, Lulu's IPO document showed.