Wellness Financial News

Air India on Thursday announced that it will temporarily operate additional flights to Kolkata from four Indian cities to meet greater travel demand to the city during the upcoming Durga Puja festivities. Starting 20 September 2024, Air India will operate daily, non-stop flights to Kolkata from Bengaluru and Hyderabad for nearly a month. The airline has also increased frequency to Kolkata from Delhi effective 15 August 2024, and from Mumbai effective 25 September 2024.

civil aviation ministry on Thursday announced simplified regulations for seaplane operations, including allowing non-scheduled entities to operate such services and putting in place a simplified certificate process. The relaxed norms are aimed at encouraging seaplane operations under the regional air connectivity scheme UDAN (Ude Desh ka Aam Nagrik). Generally, seaplanes are amphibian aircraft that can take off and land on the sea. Under the relaxed norms of the Directorate General of Civil Aviation (DGCA), there will be no need for a waterdrome license and compliance requirements have also been reduced.

Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents.

Zerodha has introduced a new privacy mode feature for its website, where users can secure details, profit and loss (P&L) and other sensitive information. Zerodha says the feature will help investors not to overtrade as constantly seeing real-time changes in the P&L can often be distracting and may be tempting to overtrade.

A key gauge of euro-zone wages eased — reinforcing the case for the European Central Bank to continue lowering interest rates next month.

«Yes, LPG losses which have gone up, which spoiled the Q1 results remains an uncertainty in terms of how they will be compensated for,» says Probal Sen, ICICI Securities. Well, the crude prices have seen quite a bit of dip and has come a bit suddenly from $80 per barrel mark, now down to 76. How much would have marketing margins increased? Is this something which is going to have a bit more structural impact you think in terms of the earnings? Probal Sen: Yes, absolutely. I think if we look at the last week itself, blended retail margins have actually gone up to the levels of around Rs 7 odd, if our calculations are correct, which is almost Rs 2.5 to Rs 3 higher compared to the 1Q average levels that we saw.

Indian Army has issued a tender for acquiring next-generation artillery guns to be designed, developed, and manufactured domestically. In the initial phase, the army requires 400 of these gun systems, with the demand expected to increase as older equipment is replaced. The procurement mandates that the guns be designed in India with more than 50% indigenous content based on the contract value. Private defence manufacturing companies that have invested significantly in developing artillery systems in recent years are keen on the Rs 7,000 crore acquisition of new Towed Gun Systems. Among the top contenders are Larsen & Toubro, Bharat Forge, and Tata Advanced Systems Ltd. Larsen & Toubro has already supplied K9 Vajra self-propelled artillery guns to the army. Bharat Forge and Tata Advanced Systems Ltd have developed the Advanced Towed Artillery Gun System (ATAGS) in collaboration with the Defence Research and Development Organisation (DRDO) and are currently competing for the army order. «The advanced 155mm/52 caliber guns will be lighter and more versatile than the current artillery guns, including the ATAGS,» according to the report.

scooter on Thursday at Rs 73,700 (ex-showroom), after much social media teasers on it. The new model boats a fresh design as well as several new added features such as Bluetooth, Call and Text, Voice Assist, Navigation, and even a Cricket Score Update. Beginning with its design, the new model boasts a completely refreshed appearance, including a modern LED headlamp, a front LED light bar with integrated turn indicators and hazard lamps. At the rear, it features an LED light bar with an emergency brake warning light. Buyers can select from four variants and seven color options, with the LED light bar available starting from the mid-spec variants. Additionally, the model features a follow-me headlamp and auto-reset turn indicators.

Amit Khurana, Head of Equities, Dolat Capital, says a serious outperformance by India from here in the near term, looks a little bit of a challenge. But India remains the best emerging market to play over the next few years. But near term, some normalisation is required to get to healthy market levels and price levels that one can enter.

United Spirits Ltd. gained 1.7 per cent to Rs 1456.5 in Thursday's trade as of 10:55AM (IST). It hit a high of Rs 1457.85 and low of Rs 1436.0 during the session. The stock quoted a 52-week high price of Rs 1480.0 and a low of Rs 981.25. The return on equity for the stock stood at 19.77 per cent. About 10,915 shares have changed hands on the counter so far.

The Chinese Commerce Ministry said Wednesday that it would launch an investigation into subsidies given by the European Union and EU member countries for dairy products that could lead to tariffs on their export to China. The announcement came one day after the EU released a draft decision to finalise tariffs on electric vehicles made in China, in a follow-up to provisional tariffs announced last month. The tariffs have been denounced by the Chinese government and automakers and threaten to set back the industry's efforts to go global.

Taylor Swift ended the European leg of her Eras tour on Tuesday at London’s Wembley Stadium, delighting nearly 100,000 cheering “Swifties"—but leaving many who couldn’t snag a ticket disappointed. One reason: the failure of the secondary market in tickets. Swifties have the same mental biases as the rest of us, making them reluctant to sell even at eye-watering prices.

Western Asset Management co-chief investment officer Ken Leech faces a potential enforcement action from the Securities and Exchange Commission as part of a probe into whether some clients were favored over others in allocating gains and losses from derivatives trades.

“If an investor had invested Rs 1 crore at fund lunch the value would be Rs 1.82 crore at the end of July which means Rs 82 lakhs of wealth created in just over 2 years,” says Aditya Sood, Fund Manager, InCred Asset Management. In an interview with ETMarkets, Sood said: “This is primarily due to bottom-up stock selection and sizing the high conviction stocks 9 stocks in the portfolio have generated returns ranging from 100-300 percent in the portfolio” Edited excerpts: The Emerging Business Fund delivered impressive performance in July 2024. Could you walk us through the numbers and what worked?

T20 World Cup, two people familiar with the matter said. Sydney Morning Herald was the first to report that Star has pressed for a renegotiation. India lifted the ICC Men’s T20 World Cup, which was held in the US and the West Indies to promote cricket in newer geographies; however, many advertisers skipped the event since fewer Indians were likely to watch these matches due to inconvenient timings, in a setback for Star.

Mint in an interview. Rising investor interest has led to the Tata Group's retail company's shares appreciating 250% in the past one year to Wednesday's closing price of ₹6,776.70 apiece on the BSE. Trent's market capitalization of more than ₹2.40 trillion makes it the fourth-most valuable Tata company, behind Tata Consultancy Services Ltd, Tata Motors and Titan Ltd.

Parvovirus B19, which causes "slapped cheek" syndrome, has been more common recently, especially in children in the US. Following a noticeable spike in cases across Europe in the first few months of the year, the virus was said to be spreading. The number of infections among children aged five to nine has increased dramatically from 15% in 2022 to 40% by June 2024, prompting the CDC to issue a health alert last week. Adults who work closely with children in healthcare and educational environments are also more susceptible to illness, as per the reports of Metro.co.uk.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

National Company Law Tribunal (NCLT) approving its takeover of SKS Power Generation Ltd, winning bidder Sarda Energy and Minerals has deposited ₹1,950 crore into an escrow account with Bank of Baroda (BoB) — ahead of the 45-day deadline set by lenders. In a stock exchange filing Tuesday, Sarda Energy confirmed the payment, including ₹1,805 crore paid to financial creditors of SKS Power, State Bank of India and BoB, as well as additional expenses for the insolvency process. It also includes excess cash in the company to be given to lenders. The NCLT on August 13 approved the transaction, with BoB Capital as the process advisor. «The transfer was made on earlier this week well ahead of the 45-day timeline provided for in the resolution plan. Sarda has raised a majority of the funds from banks with about 30% from internal accruals,» said a person familiar with the deal.

The price of gold hit an all time high this week

There's a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?