Wellness Financial News

assembly elections in Jammu and Kashmir and Haryana. The elections in J&K will be held in three phases starting from September 20. In Haryana, the elections will be held on October 1. The results will be out on October 4 for J&K and Haryana. While many anticipated that Chief Election Commissioner Rajiv Kumar would announce the schedule for the Maharashtra elections as well, he explained why this wasn’t the case. He said, Maharashtra elections will be announced later due to security requirements for Jammu and Kashmir. «In the past, Maharashtra and Haryana Assembly elections were held together, and at that time, Jammu and Kashmir was not a factor. This year, however, we have four elections to manage initially—J&K, Haryana, Maharashtra, Jharkhand—and a fifth one shortly after in Delhi.»

Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only Rs 10,000 crore. For some reason, we are only talking about gross flows. When things go bad, things will become very bad if we ignore one big pool of money and more than that, ignore valuations and ignore bad news beyond a point. So one has to balance it. We have done it. I am sure fund managers are doing it. Everybody is saying valuations are expensive, and the markets are due for a correction but look at the ability of the market to shrug off bad news, what it did on election day, the Budget day, and what it has done post that black Monday 10 days ago. Samir Arora: Correct. One of course is flows, but it would look out of place if we were doing it independent of the world. So, basically, the mothership which is the US is also doing the same, not related to the budget or elections, but in general reacting to any bad phases and so it has recovered so well, Japan has recovered. But the FII flows have been quite negative and I think that is because these tax hikes have become untenable. Just to give you one number, the MSCI India Index in dollar terms is up over 17 percent year to date, whereas a $10 billion index is up 13%. So, over time, this is going to hurt and there will be some loss of FII investments in India.

Benson made the move from AFH Wealth Management, where he spent almost 18 months as head of investment research, a role he said he «very much enjoyed» and where he «gained a great deal of experience», according to a LinkedIn post. «Benson's experience in fund research and asset allocation will further strengthen our managed investment offering with the MyFolio portfolios, as well as the growing number of bespoke and Asian mandates that are managed by our multi asset desk,» said Christopher Carlton, head of fund selection, multi-asset investment solutions at abrdn. abrdn swings back in...

Steel Authority of India expects its blended realizations to sequentially fall another Rs 1,000 per tonne this quarter, as local steel prices continue to be weighed down by cheap Chinese imports, a senior executive said. Net sales realization, or blended steel prices for the June quarter, stood at Rs 53,700 per tonne, down Rs 800 from the March quarter. The cost of coking coal, though, is likely to remain at levels similar to the June quarter, even though prices have corrected in the last few weeks. This is because the state-owned steelmaker has stocked up higher-than-average coking coal from some of its miners with whom it has long-term agreements, Anil Kumar Tulsiani, Director (Finance), told analysts after the company’s earnings.

A northern Virginia county has announced arrests in multiple thefts targeting high-end retail stores in the county

Flights and trains in the Tokyo area have been canceled, and people were warned of strong winds, heavy rains and potential flooding and mudslides as a typhoon swerved near Japan on its way further north in the Pacific Ocean

Russia, invaded over the past 10 days by Ukraine’s forces rolling into Kursk, last saw its borders violated this way only in World War II (by Nazi Germany). This flip in fortunes has stunned not just weary war watchers, who were wondering how long Kyiv could hold up against its bigger adversary, but perhaps Moscow too, given the latter’s sluggish response.

Thriving at any Age: The Blueprint for Healthy Longevity, the report threw up a mixed bag of results based on a survey of six million users — from teens to 60+ living across 16 cities— of the app. While stress and lifestyle diseases like diabetes and high BP continue to be major causes of concern, a positive change was a drop in the percentage of overweight people (those with a BMI between 25 to 29.9), from 43% in 2021 to 38% in 2023. Health and wellness behaviours in India are evolving, says Vishal Gondal, founder and CEO of GOQii.

The creator of the Famous Amos cookie empire has died

Creative Planning, the giant registered investment advisor and brainchild of estate planning attorney Peter Mallouk, its owner and CEO, is looking to add up to 100 wealth management professionals, or almost another 9%, to its current financial advisor workforce by the end of 2025.

Donald Trump not accept the verdict of the US Presidential Election 2024 if he loses it? Quoting unnamed Trump critics, CNN has reported that the Republican candidate could be laying the groundwork to question the outcome of the 2024 election if he loses a second time. The former president continues to describe Kamala Harris's elevation to her party's top ticket as “unconstitutional”. She has also accused her of taking part in a “coup” and he may claim that her candidature itself is unconstitutional and she has no locus standi to claim the top office.

Airtel and the sale of some capital assets by associate Globe Telecom. Singtel's net profit rose 42.9% to S$690 million in the first quarter ended June 30 from S$483 million a year ago, Southeast Asia's largest telecom provider said on Thursday. The exceptional gain came as Singtel reduced its effective stake in Airtel to 28.7% from 28.9%.

BSA made its debut in India on Thursday with the launch of 652-cc Gold Star 650 model at a starting price of Rs 2.99 lakh (ex-showroom Delhi). One of the oldest motorcycle companies in the world, Birmingham Small Arms Company (BSA), was acquired by the Mahindra group's premium motorcycles arm Classic Legends in 2016. Classic Legends sells Jawa and Yezdi motorcycles in the country. The BSA Gold Star 650, which made a comeback in the UK in 2021, is currently being sold in Europe, Turkey, New Zealand, and the Philippines.

Estate planning software company Vanilla has closed a new funding round to expand its platform and accelerate adoption among financial advisors.

GoI's trying to introduce some element of self-regulation in online content creation. Since a very large part of the information we consume today is being created or processed by online creators, it's right in trying to plug the regulatory arbitrage between legacy and digital platforms. There should ideally be no difference in treatment of freedom of expression available offline and online, including attendant obligations. This would apply more critically to broadcast, especially when it can be done through social media by an individual. Persons broadcasting online for profit should be held to a higher threshold of accountability. This is where things get complicated. The nature of online communication can very well transform personal opinion into a broadcast. Using the profit motive as a differentiator would allow a section of broadcast content online the wider liberty of freedom of expression.

The first half of 2024 has seen assets serviced by NewEdge Capital Group soar to more than $55 billion.

The Pepe price has fallen by more than 4% in the past 24 hours, with its decline to $0.000007858 coming as the market as a whole also loses 4% today.

Summit Trail Advisors, a boutique wealth management firm overseeing $18 billion in assets, continues its national expansion as it gains a foothold in California’s ultra-high-net-worth market with its latest top-caliber hire.

Dubai-based port operator DP World has reported its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen’s Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea

Reports that Canadian Imperial Bank of Commerce is on an artificial intelligence hiring spree, seeking to fill 200 well-paying positions , is a hopeful signal that the job-cutting trend at Canadian banks is slowing. For much of 2023, they were “restructuring.” Toronto-Dominion Bank planned to reduce its workforce by three per cent, as did Bank of Nova Scotia. CIBC said it would trim its full-time workforce by five per cent. Royal Bank of Canada job cuts were about half that and over at Bank of Montreal, three per cent of its capital markets workforce was let go last summer.

Avantax, the tax-oriented financial planning and wealth management firm under Cetera, continues to demonstrate its appeal for planning-focused advisors as it adds a seasoned professional from LPL.