Wellness Financial News

Finance Minister Nirmala Sitharaman chaired a meeting to review performances of Public Sector Banks in Delhi on Monday. The meeting was also attended by Dr Vivek Joshi, Secretary, M Nagaraju, Secretary-Designate, Department of Financial Services, Heads of Public Sector Banks (PSBs) and senior officials of Department of Financial Services (DFS). Various financial parameters like Deposit Mobilisation, Digital Payments and Cyber Security, Implementation of new credit products/ schemes and Access to Credit under Financial Inclusion were discussed in detail. During the meeting it was noted that during FY24, the PSBs performed well across all financial parameters as evidenced by improved asset quality with Net NPAs (NNPAs) declining to 0.76 per cent, sound capital adequacy of the banks at 15.55 per cent, Net Interest Margin (NIM) of the banks at 3.22 per cent, and highest ever net aggregate profit of Rs. 1.45 lakh crore with the dividend of Rs 27,830 crore to the shareholders. Improvements over various parameters have also enhanced the ability of PSBs to raise capital from the markets.

RBI) said in its monthly bulletin on Monday. This trend marks a significant revival in external borrowing, reflecting the evolving dynamics of the domestic credit landscape, it added. It is to be noted that Foreign direct investment (FDI) inflows into India fell to $28.1 billion in 2023 from $49.3 billion in 2022. The country slipped seven notches to rank 15 in the World Investment Ranking, marking a dull 2023.

The price of Solana has risen by 0.5% in the past 24 hours, moving to $142.59 after Asymmetric founder Joe McCann described the alt as the “fastest horse in crypto.”

(Bloomberg) — Circle K operator Alimentation Couche-Tard Inc. made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create the world’s top operator of roughly 100,000 convenience stores.

The winners will be announced at a special ceremony in London on 21 November, which brings together key players across the investment company sector. Now in their 26th year, Investment Week's Investment Company of the Year Awards have a proud history of rewarding excellence in closed-ended fund management. The awards highlight managers in this important part of the market who have delivered consistently strong performance for investors across a variety of sectors and the judges believe can continue to perform well in the future. The shortlists for the awards are constructed using s...

IRCTC’s journey can be pleasant if non-convenience fee surprises At an all-India level, the average cement price fell around 3% month-on-month in July to five-year low of ₹313 per bag, according to IIFL Securities Ltd. One cement bag weighs 50 kilograms. Cement prices have fallen further in August in southern markets – by ₹10-15 a bag – while prices are steady in other markets, said the IIFL report dated 9 August.

Incoming Starbucks Corp chief executive officer Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him at all. Despite the coffee-chain giant being one of the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO.

My feed of Instagram reels and YouTube shorts is full of videos featuring financial influencers(finfluencer) telling the world at large that it is easy make quick money from the stock market. Recently, I came across a video in which a 13-year old claimed to be the world’s youngest successful options trader on an influencer’s YouTube channel, saying that she earned “36-40%" annually from options trading.

₹10 lakh per year each, with both spending 30% on expenses. A invests 40% of the take-home salary and has 30% going towards loans. B invests 20% of the salary and has 50% of it going towards loan repayment.

Newly-listed Ola Electric's 75% rally from IPO issue price has caught both traders and long-term investors off-guard. Anand James, Chief Market Strategist, Geojit Financial Services, says. However, the timeframe is short to conclude whether the EV stock is now in an overbought zone, there are signs of positional trades being built systematically.. «Daily volumes have declined since the first day, while intraday volumes are tapering through the day. This does not suggest a FOMO trade,» he says… Edited excerpts from a chat: Nifty has been largely stuck in a narrow trading range of 400-500 points for the last few days. After Friday's upside, do you see signs of a fresh breakout on the upside? Anand James: We had gone in last week, with the expectation of achieving 24540, as long as the downside marker of 23975 held.

Shree Cements Ltd. traded 0.78 per cent higher in Monday's session at 12:02PM (IST). The stock opened at Rs 24840.0 and has touched an intraday high and low of Rs 24960.0 and Rs 24701.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23431.9. About 570 shares changed hands on the counter so far.

Samajwadi Party (SP) chief Akhilesh Yadav launched a scathing attack on the Centre over lateral entry into government jobs and said that this is a «big conspiracy» against the country. The SP MP alleged that the lateral entry is a plan to snatch away the reservation and rights from PDA (Pichhde, Dalit, and Alpsankhyak). «The time has come to launch a nationwide movement against the conspiracy being hatched by the BJP to place its ideological allies in high government positions through the back door in UPSC. This method will close the doors for today's officers as well as for the youth to reach higher positions in the present and future. Common people will be limited to the positions of clerks and peons. In fact, the whole plan is to snatch away reservations and rights from PDA,» the SP chief posted on X.

“If you had invested 50 lakh and added another 61.8% to it, the 50 lakh would have become roughly 81 lakh over this period of one year,” says Alok Agarwal, Head-Quant & Fund Manager, Alchemy Capital. In an interview with ETMarkets, Agarwal said: “We developed the eQGP framework. The last three letters—Q, G, and P—stand for quality, growth, and price action, respectively” Edited excerpts: The Alchemy Smart Alpha 250 will be completing its first year in August. Many congratulations on that. Could you take us through the performance of the fund as well? Alok Agarwal: Alchemy Smart Alpha 250 is a large and mid-cap strategy that invests only in the top 250 stocks by market cap. So, it is essentially a completely large and mid-cap strategy.

Edited excerpts from the interview: Life has taught me that investing goes through phases. There are times when making money seems easy, and you must stay grounded. And then there will be times when returns are elusive, where you shouldn't lose hope.

quick commerce platforms increasingly operating like horizontal online marketplaces, Blinkit and Zepto are seeing much higher sales and carrying a wider assortment at the onset of the festive season with Rakshabandhan, top executives, brands and sellers told ET. Flipkart, Amazon India and others are in the middle of preparing for the upcoming festive season and quick commerce firms are bulking up for an action-packed Diwali this year, aiming to corner a greater market share. These platforms are also doubling the number of stock keeping units (SKUs) to be able to deliver a wider set of goods to consumers during the festive season. Zepto is working to roughly double its SKUs from the 10,000 on offer currently, people in the know told ET. A spokesperson for Zepto confirmed the development. In its June quarter report, Blinkit said it was selling up to 25,000 different SKUs in some locations.

Legendary investor Warren Buffett famously said, “Never rely on a single source of income." Diversifying income streams can be crucial, especially when a sector goes through a downcycle, providing something to fall back on.

North Eastern Council (NEC) has withdrawn the draft ‘Vision Plan 2047’ document after it wrongly mentioned that the Kukis migrated from the 'Chin State of Manipur'. Manipur Chief Minister N. Biren Singh said in a Facebook post on Sunday said that following the mistake in the draft NEC 'Vision Plan 2047’, the issue was raised with Development of North Eastern Region (DoNER) Minister Jyotiraditya Scindia following which it was withdrawn. In Chapter 3 – 'Art, Culture, Natural Heritage' — of the draft vision document, “Kukis (Chin) from the Chin state of Manipur” was mentioned.

minor accused of killing two persons after ramming his Porsche car in an inebriated state into a motorcycle in Pune on May 19 has undergone a 15-day safe driving programme as mandated by a court, a Regional Transport Office (RTO) official said on Sunday. Two IT professionals from Madhya Pradesh were killed in the incident, which took place in Pune's Kalyani Nagar and triggered massive outrage nationwide, partly because of the accused getting bail from the Juvenile Justice Board on lenient terms and due to a police probe finding attempts by his kin and some doctors to cover up the crime. While being released on bail by the JJB, among the conditions placed on him were writing a 300-word essay on road accidents as well as taking help of the RTO to study traffic rules and regulations. «The juvenile accused completed the safe driving programme with the RTO. With respect to the guidelines of the court, the operation was kept discreet as it could have led to issue of privacy of the juvenile,» a top RTO official said.

Democratic National Convention 2024 (DNC 2024) is all set to start in Chicago from Monday and all eyes will be on the party's presidential nominee Kamala Harris' speech. So when is Kamala Harris' speech at Democratic National Convention 2024.

Nayab Singh Saini on Sunday alleged that corruption flourished under previous Congress governments and was that the party is «known to work for commissions». Hitting out at the Congress's 'Haryana Maange Hisab' campaign, Saini accused the party of land grab and said the Congress had no development work to speak of. «When the opposition has no issue to raise, they are taking out 'hisab yatra'. Hooda sahab, we give account to people regularly,» said Saini stepping up his attack on the Congress following the announcement of the assembly polls in Haryana. «I have asked Hooda ji many things, including questions pertaining to farmers, but he has not answered even one of them,» the chief minister said addressing a rally in Yamunanagar district.

It’s a common tale across Canada.