Wellness Financial News

«So, all of this on the back of a lot of optimism, great returns from the market, a lot of optimism from the investors who continue to come into the markets through essentially mutual funds and other platforms, I think it is still the tip of the iceberg,» says Akhil Chaturvedi, CBO & ED, MO AMC. Congratulations, what a proud moment. You have managed to surpass that Rs 1 lakh crore mark when it comes to your AUMs. Tell me, given that one has seen a big move in the equity markets in the last decade, but we are still scratching the surface and the penetration levels still are not that deep. What is it that we could look at in terms of visibility for your AUMs in the next sayd four to five years or even ten years hence? Akhil Chaturvedi: Thank you so much. Yes, it is indeed a big milestone we have crossed at a lakh crore. It has been quite a journey. I think over the last 10 years literally we were at Rs 2,000 crores. From there, crossing a lakh crores is almost 50 times growth. It is all credit to the way our economy is doing and the same is reflecting in the capital markets.

Canada’s financial institutions are falling short when it comes to the investment levels in renewables needed to reach net zero emissions, according to a new report.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Tata Motors 36 times. If demand fails to match expectations, earnings growth could suffer, and so could their stocks. Another second-order impact of weak demand could be on vehicle loans.

A Mississippi seafood distributor and two managers have pleaded guilty to conspiring to mislabel seafood and commit wire fraud by marketing frozen imported fish as more expensive local species

Balu Forge Industries, which manufactures crankshafts and forged components, have rallied by over 1300% in the last 2 years. In just the last six months, the stock has delivered impressive multibagger returns of 250%. Last week, it rallied 33%, though it experienced some profit booking in Monday’s session, falling by 1.5%.

The estate of Michael Crichton is suing Warner Bros

Bajaj Holdings & Investment Ltd. traded 2.58 per cent higher in Wednesday's session at 10:00AM (IST). The stock opened at Rs 9942.05 and has touched an intraday high and low of Rs 10300.0 and Rs 9885.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 10300.0 and a 52-week low of 6634.6. About 2,060 shares changed hands on the counter so far.

The focus of market players and borrowers has turned towards monetary policy in the US, particularly the two questions of when and by how much will its central bank, the Federal Reserve, cut the US Fed funds rate. Anticipation of imminent cuts rose after the Jackson Hole huddle of central bankers and economists, an occasion that market participants across the world were watching for cues.

A nonprofit's experiment building a Roblox game to develop charitable habits among children went so well that this year's campaign is expanding

Tata Motors will procure battery packs for its electric vehicles from a Chinese manufacturer, Live Mint has claimed citing sources. As per the business daily, Tata Motors will source batteries from Octillion Power Systems in China to address performance issues as well as to diversify its supply and technolgy base. The Indian car maker currently sources the batteries from Tata AutoComp systems. The leading electric car maker currently sells a range of EVs in India including the EV versions of Tiago, Tigor, Punch, Nexon, and the newly launched Curvv.ev. The car maker is expected to launch the EV version of Harrier as well.

«I do not think we can expect a very high rate of return. But yes, we will wait and see how much returns we can earn in the future,» says Raunak Onkar, PPFAS MF. Your AUM has gone, which started with almost 150 crores, it is now at 75,000 crores. Raunak Onkar: Yes.

The shares of Paytm’s owner One97 Communications tumbled by almost 10% in intraday trading on Monday. The company rushed to clarify that it wasn’t under fresh regulatory scrutiny, but the payments platform had only the dismal optics of its own past actions to blame for taut nerves among investors. Although One97 has denied having received a new show-cause notice from the Securities and Exchange Board of India (Sebi), its 2021 issuance of employee stock options to founder-CEO Vijay Shekhar Sharma continues to haunt it, evidently.

Rahul Rathi, Chairman & Fund Manager, Purnartha PMS, says in their investment strategy, the first driver is volume growth; the second driver is operating margin expansion and the third driver is valuation. They picked up GAIL last year at Rs 110, margins were at 1% compared to historical margins of 13% to 15% and they knew that margin contraction was temporary. Valuations were lower. It was a largecap and they rode its benefit. They are riding the benefit of a similar thought process in Tech Mahindra. It is a bottoms-up strategy and instead of one driver and the environment where interest rates came down, the focus is on three drivers. How are the markets looking? Where are you picking your spots? Rahul Rathi: Let us look at the background and then I will tell you how things have changed. Over the last 15 years delivering returns, we have always believed that good companies with large volume growth meant a certain value-addition and asset appreciation could happen to the portfolio. We believed in businesses that had a certain volume growth, which was about 10% and which did not borrow money.

Bank of Montreal missed estimates as it once again put aside more money than analysts expected for potentially bad loans, with the provisions dragging down its United States operations.

Assam chief minister Himanta Biswa Sarma told the state assembly that he would not let Miya Muslims (Bengali-speaking Muslims) take over the state, triggering protests from the Congress which staged a walkout. These remarks come at a time when several organisations in Upper Assam have threated Muslims to leave the region following the alleged gang rape of a 14-year-old girl by three persons in Assam's Nagaon district. Speaking in the assembly on the Opposition's adjournment motion on several key issues, including rape of minors and the targeting of Muslims in Upper Assam's Sivasagar district, Sarma said, «I will take sides. What can you do? Will not let Miya Muslims take over Assam...Let them (the Opposition) compete for minority votes. I am not in the competition.» Harping on Opposition leaders Rafikul Sahab and Debabrata Saikia stating that Miya Muslims will move from Lower Assam, where they are present in significant numbers, to Upper Assam, Sarma said: «They have made an important statement… You Miya Muslims will take the entire lower Assam? We will not let you all take Upper Assam, not ever.»

Pakistan Billiards and Snooker Association has lodged a formal complaint with the sport's world governing body and the organisers after their squad was denied visas by the Indian High Commission for the IBSF U-18 and U-21 World Championships, which began in Bengaluru on Saturday. A top official of the PBSA said that they couldn't secure visas for their three players, Ahsan Ramazan, Hasnain Akhtar and Hamza Illyas. «We had applied to the Indian High Commission on time after getting all NOCs from our government and Pakistan Sports Board. But they didn't issue visas due to which our squad could not travel to Bengaluru,» Alamgir Sheikh said. He said the three players had recently done very well for Pakistan and had very good chances of doing well in the world events but were deprived of an opportunity.

India and Singapore has set the stage for Prime Minister Narendra Modi's visit to the city-state that will happen soon, its Foreign Minister Vivian Balakrishnan has said. Senior ministers from the two countries held a «productive» round of discussions at the second multi-ministerial roundtable here and explored how the two countries can boost bilateral cooperation in digital, skill development, sustainability, healthcare, connectivity and advanced manufacturing. This was the second time that ministers from Singapore and India met at the India-Singapore Ministerial Roundtable (ISMR) after its inaugural edition was launched in September 2022 by then Deputy Prime Minister Lawrence Wong during a five-day visit to India. Balakrishnan said advanced manufacturing and semiconductors, as well as aviation and maritime connectivity, are the new areas that Singapore and India have added to a high-level platform for discussing ways to enhance bilateral cooperation.

September is a popular time for companies to go public. This month’s stock-market volatility is putting some plans on ice. Companies weighing whether to make their stock-market debuts face a critical decision in the coming weeks: pull the trigger soon so they can launch their deals before year-end or hold off until 2025.

Reasons to buyReasons to avoidThe Faber Auto-Ignition HOB SUPERIA HT905 is a comprehensive 5 burner gas stove with concealed controls for a clean and seamless look. The auto-ignition feature and durable construction make it a top choice for any kitchen.

Nepsis is losing no time in building out its leadership team as it announces another addition to bolster its planning capabilities for business owners.