Wellness Financial News

Subscribe to enjoy similar stories. Patience paid off in a big way for Lime Rock Management. The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry’s biggest scores.

Subscribe to enjoy similar stories. Nearly a year after his departure from Axis Mutual Fund, Jinesh Gopani has resurfaced with a new alternative investment fund, Taksh AIF (a category III AIF). Its inaugural scheme is the Taksh India Enterprising Fund.

LONDON — The U.K. is likely to see stablecoin laws introduced in a matter of «months, not years,» according to crypto firm Circle's top policy executive.

Subscribe to enjoy similar stories. Ah, come on. It was pretty cool.

Subscribe to enjoy similar stories. Ian Rankin is my favourite writer. He writes crime fiction set in the city of Edinburgh in Scotland, featuring a now-retired police detective called John Rebus.

Subscribe to enjoy similar stories. The stock market gods have been kind in recent years—and sometimes very kind, delivering impressive returns for those who made the right investment choices and got a bit lucky. Unsurprisingly, many individuals have taken notice and moved into direct stock investing.

Subscribe to enjoy similar stories. Who is or was Satoshi Nakamoto, the creator of Bitcoin? A recent HBO documentary names Peter Todd [who denied it], with the possible assistance of Adam Back. Suffice to say the truth here remains an open question, but it is worth asking: Why does anyone care? There is in fact a great deal at stake, certainly at the intellectual level and probably financially and politically as well.

«Some bit of cyclical downturn is expected, which is what we are going through. I think it will reflect in terms of softening of valuations of the market,» says Abhay Agarwal, Piper Serica. What is your sense, is it going to be a bit of a soft Diwali for us? Abhay Agarwal: Well, it is looking like we saw some of this trend starting to come up. Low consumption, weak consumption, the Diwali stocking that typically used to take place with the retailers and distributors of products that focus on consumer discretionary demand like paints, tiles, home improvement, autos especially, there was a very weak offtake.

Subscribe to enjoy similar stories. It is bad enough to contemplate a war in Asia. It is grimmer still to think through a nuclear one.

Life Insurance Corp. (LIC), which gets 96% of its new business from its agents, has recently introduced changes that have miffed them. Effective 1 October, modifications to endowment plans include a 7% reduction infirst-year agent commissions to 28%. LIC also plans to introduce a clawback clause, which would require agents to return part of their commission if a policyholder surrenders a policy within five years.

«So, when two of these bigger indices are showing some kind of support, I feel that this 24,300, 24,400 zone positionally for Nifty should act as an important support,» says Sudeep Shah, SBI Securities. Well, the screen is looking much better than what was the case yesterday. Is the poison out of the system? Have we formed a bottom? Sudeep Shah: I cannot really say that the poison is out of the system or we have formed a bottom because it is the first day after last three-four days where we have seen absolute carnage in terms of midcaps and even selected largecaps. However, what is encouraging to see today is that yesterday and in the last few days we have seen banking, especially ICICI Bank, HDFC Bank stabilising somewhat and on the other hand, even the IT stocks are showing some positive traction.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 0.01 per cent to Rs 5821.3 in Wednesday's trade as of 11:36AM (IST). It hit a high of Rs 5860.0 and low of Rs 5750.65 during the session. The stock quoted a 52-week high price of Rs 6276.2 and a low of Rs 3300.0. The return on equity for the stock stood at 11.78 per cent. About 2,020 shares have changed hands on the counter so far.

Orhan Awatramani, or as most people know him, Orry, recently dropped a whopping 23 kilos, and he credits it all to a super simple change in his diet: a strict zero-sugar approach! Now tipping the scales at just 50 kg, Orry shared the details of his transformation on Arhaan Khan’s podcast, Dumb Biryani. For context, Arhaan is the son of famous personalities Malaika Arora and Arbaaz Khan.

global trade, increased its full-year guidance for a fourth time in less than six months, citing stronger demand and higher freight rates caused by supply chain disruptions from attacks in the Red Sea. Maersk now sees underlying earnings before interest, tax, depreciation and amortisation of $11 billion to $11.5 billion this year, topping both its prior forecast range and the average $10.1 billion estimate of analysts surveyed by Bloomberg. Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact on the world’s supply lines. The Houthi attacks have since late last year forced container vessels to sail south of Africa, absorbing some of the overcapacity in the container industry, which in turn has helped boost container rates.

Karur Vysya Bank has given a good set of numbers. City Union Bank yesterday has given a good set of numbers and a few of the PSU banks have given a good set of numbers as well," says Mayuresh Joshi, Head Equity, Marketsmith India. Broader markets is where the pain is pretty sharp but one of the stock that is holding out in this sort of a market is ICICI Bank. While one end of the market, you have ICICI Bank that is holding onto the positive territory. You have IndusInd Bank that has hit a 52-week low on an intraday basis today. What is your take when you talk about the banking space as a whole then? Mayuresh Joshi: So, two things, one, the numbers for most banks, specifically the larger ones have been pretty good. Axis Bank gave a good set of numbers. HDFC Bank, good set of numbers and the commentary was equally encouraging. Kotak had their one misses in the numbers itself, so quite a few one-offs in the numbers. Expectations that as rate cut cycle starts in India as well, some element of positivity expected to come through.

mutual funds over the last one year. These as well as existing investors are keen to track the performance of their mutual fund portfolio. Since the net asset value (NAV) is declared every working day, it is easy to track performance over both short and long periods of time. WHAT ARE THE FACTORS TO LOOK AT WHILE EVALUATING RETURNS OF A MUTUAL FUND? Financial planners believe investors should not just look at returns in isolation, but should look at many other factors while evaluating performance. An important thing would be to compare rolling returns with the right schemes and peers, study expense ratio, look at statistical factors like standard deviation and beta. They should also be looking at fund manager tenure. HOW SHOULD ONE COMPARE SCHEME RETURNS WITH PEERS? The right way to look at your scheme returns is to compare it with the benchmark and peers. For example, a large-cap equity scheme’s performance should be compared with the Nifty 50 or Nifty 100 and not with the Nifty Smallcap 250 or other mid- or small-cap schemes. Similarly, returns from equity mutual funds should not be compared with fixed income or gold funds. A largecap active fund must be compared with another peer in the same category. If the average return from the largecap category over three years is 20% annualised and your scheme has returned 14%, it indicates your fund is not faring well. Financial planners feel a fund has performed well when it does better than its benchmark and category. If there are 10 funds in the category and the fund is amongst the bottom three, and not able to beat category average, it indicates that there are better funds out there.

Mumbai: India’s stock market slumped on Tuesday as continued selling by foreign investors, amid concerns over slowing earnings growth, heightened risk-off sentiment. The selloff was broad-based with mid-cap and small-cap stocks bearing the brunt of the souring mood among investors, resulting in flight of money to safe-haven assets such as gold, which extended its record-breaking streak. The NSE Nifty fell 309 points, or 1.25%, to close at 24,472.10. The BSE Sensex declined 930.55 points, or 1.15%, to end at 80,220.72. Out of the 50 shares on the Nifty, 47 ended lower, while three notched up gains.

Making Money host Charles Payne reveals how much the top 1% actually pay in taxes.

Georgia Gov. Brian Kemp and Republican legislative leaders want to give another round of income tax rebates, thanks to state financial reserves that continue to rise

stock options, including share appreciation rights (SARs), cashless plans, as well those schemes where securities are held by trusts on behalf of non-residents. This was communicated to banks on Monday by the Reserve Bank of India as part of the amended guidance on foreign investment reporting and management system, two persons told ET. Companies will have to report the details of overseas persons exercising employee stock options plans to the banks, which in turn will inform the regulator.

G Kishan Reddy, is a necessary step accompanying the country's recent foray into commercial mining that offers a means to reduce its energy import dependency. India needs access to all available energy sources to sustain a high economic growth rate. Given its coal reserves and demand for electricity, the industry must become more market-oriented to draw the required investment.