Wellness Financial News

portfolio of stocks, are gaining traction among investors with the asset base of the category growing to Rs 1.43 lakh crore in three months ended June 2024, marking an increase of 31 per cent from a year ago. Interestingly, some of the focused funds offered by the mutual fund houses such as Invesco India Focused Fund, Mahindra Manulife Focused Fund, JM Focused Fund and HDFC Focused 30 Fund delivered a remarkable return of 40-60 per cent in the past year, industry data showed. Focused funds are a type of mutual fund where the fund manager selects a concentrated portfolio of stocks, typically limited to a maximum of 30 due to regulatory constraints. This requires the fund manager to be highly skilled in stock selection, as they need to identify the best investment opportunities across the market without bias toward any specific market cap or sector.

Hindenburg's fresh claims against Sebi chief Madhabi Puri Buch's family in the Adani controversy. When the stock market opens for trading on Monday morning, there could be an initial knee-jerk reaction as some big investors may choose to play safe by keeping positions light and then wait for the issue to unfold.

gold mutual funds, as well as equity Funds of Funds (FoFs). These changes include a reduced holding period and a revised long-term capital gains (LTCG) tax rate, while the short-term capital gains (STCG) tax rate remains unchanged. This shift has made these investment options more attractive for investors seeking diversification and tax efficiency. Key Taxation Reforms Reduced Holding Period: The holding period for equity FoFs, international funds, and gold mutual funds has been shortened from more than 36 months to more than 24 months to qualify for LTCG benefits. Revised LTCG Tax Rate: The LTCG tax rate for these funds has been reduced to 12.5% for investments held for more than 24 months. Previously, investments held for over 36 months were taxed at 20%. The STCG tax rate remains tied to the investor's income tax slab.

Amazon Great Freedom Festival Sale 2024: Get min 40% off on kitchen appliances like water purifiers, OTGs and moreTake advantage of the discounts up to 72% on vacuum cleaners during the Amazon Great Freedom Festival 2024. This incredible deal allows you to upgrade your cleaning routine with powerful, top-rated vacuums at unbeatable prices.

₹10,000 per session) and kitesurfing is no walk on the beach. I spent the first day learning the basics of the kite, which is bigger than any other that you might have flown, and how to handle it. If the wind picks up, it can literally fly you, so kite handling skills are critical.

athletes with awe, to catch a glimpse of citius, altius, forties and all that stuffius. We follow the Olympics to do INDIAAAA-INDIA! And in the process if we catch something that is sportingly wonderful, well, we get lucky, whether we know it or not. Let's face it, despite the once-in-four years suppressed supply-heightened demand coverage, the Olympics as a spectator sporting event isn't as popular in this day and age of multiple fan loyalty as 'viewership' would suggest. In football, for instance, there was a time when the Indian football fan was content following the national team — and his local club, if he was Malayali, Bengali or Punjabi. Other sports that Indian fans followed were hockey and cricket — the former represented almost solely by the national squad, the latter overwhelmingly by the Indian team, and for more serious enthusiasts of the game, by national tournaments like the Ranji Trophy. The nation was pretty much the only side we had to follow.

UK on Saturday to protest recent rioting blamed on the far-right in the wake of the Southport knife attack that killed three children. Crowds massed in London, Glasgow, Belfast, Manchester and numerous other English towns and cities, as fears of violent confrontations with anti-immigration agitators failed to materialise. It followed a similar situation unfolding on Wednesday night, when anticipated far-right rallies up and down the country were instead replaced by gatherings organised by the Stand Up To Racism advocacy group.

Reetika Hooda today lost to top seed Aiperi Medet Kyzy, the Asian Games champion and World Championship silver medallist, in the women's 76kg quarterfinal bout. Reetika lost the match on points. Interestingly, the final score showed 1-1. So why Reetika Hooda lost the match? As per the rules of Olympics for wrestling, if the two wrestlers end with the same score, the one who scores the last point is declared winner.

Narendra Modi on Saturday pledged complete support to Kerala in rehabilitating hundreds of people and their families displaced by the recent landslides and flash floods in Wayanad. The PM conducted an aerial survey of the landslide-hit regions and visited the affected families at relief camps and injured persons at the local hospital after arriving by helicopter from the Kannur international airport. Accompanied by Chief Minister Pinarayi Vijayan, Modi reviewed the damage at the worst affected areas of Punchiri Mattam, Mundakkai and Chooralmala. Meppadi, Mundakkai and Chooralmala suffered the worst catastrophe in landslides caused by continuous rains and swollen streams on July 30 morning.

Shashi Tharoor on Saturday opined that it would have been good had Prime Minister Narendra Modi visited the landslides-hit Wayanad earlier. The MP from Thiruvananthapuram said he hoped at least after the Prime Minister's visit the Central government would announce it as natural calamity and provide appropriate funds for relief and rehabilitation. «As far as I am concerned, I think that better late than never is the best I can say,» Tharoor told reporters responding to a question on Modi's visit to Kerala's Wayanad earlier in the day. The July 30 landslides claimed the lives of 226 people so far, while over 130 are feared missing. The calamity caused widespread destruction in Chooralmala, Mundakkai and Punchirimattam hamlets.

Days at the Morisaki Bookshop, translated by Eric Ozawa. An international bestseller and winner of the Chiyoda Literature Prize (named after the district that is home to Tokyo’s beloved Jimbocho neighbourhood of bookshops), Yagisawa’s book is the story of 25-year-old Takako, who, after having broken up with her boyfriend and quit her publishing job, comes to live with her maternal Uncle Saturo, the owner of the Morisaki bookshop.

I wrote a lament in this column regarding a number of excellent watch brands not being available in India. Amongst these, I counted such great favourites of watch enthusiasts like Tudor and Hamilton. I’d also mentioned some other such bugbears, like the lack of fantastic quartz Timex timepieces such as the Q chronograph and the Q GMT, as well as the mechanical Timex Marlin.

creamy layer in the reservation for SCs and STs in the Constitution given by B R Ambedkar. The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi, held a detailed discussion on the Supreme Court judgement on the sub-categorisation of reservation for SCs and STs as granted in the Constitution. «It is the well thought view of the Union Cabinet that the NDA government is firmly committed to the provisions in the Constitution given by Dr Babasaheb Ambedkar,» Information and Broadcasting Minister Ashwini Vaishnaw told reporters here. He said there was a detailed discussion in the Union Cabinet meeting on a recent Supreme Court judgement that made certain suggestions on the reservation for the Scheduled Castes (SC) and Scheduled Tribes (ST).

Siemens has reported a 25 per cent rise in profit after tax (PAT) at Rs 531 crore during the April-June quarter of this fiscal, on account of higher revenues. The company, which follows the October to September fiscal year, had reported a PAT of Rs 424 crore a year ago, a company statement said on Friday. Its revenues rose to Rs 4,714 crore, up 7 per cent from Rs 4,407 crore in the year-ago period.

Vijay Kadam, a renowned actor in Marathi cinema, passed away early Saturday morning at the age of 67. Kadam had been battling cancer for the past one and a half years. His loss has shocked the Marathi entertainment industry. He is survived by his wife and son, and his cremation will take place this afternoon at the Andheri-Oshiwara crematorium. Kadam’s death has created a significant void in the Marathi entertainment industry, where his exceptional talent for portraying diverse characters was well recognized. He gained real recognition for his work on stage from the 1980s to the 1990s and was a significant presence in theatre for a long time. «After battling cancer for the past one and a half year, he passed away at his home this morning.»

Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. “Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that a meeting of the Board of Directors of Ola Electric Mobility Limited (“the Company”) is scheduled to be held on Wednesday, August 14, 2024, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2024,” the company said in a filing to the exchanges.

OpenAI revealed that it had considered the potential for users to form an emotional reliance on its new, humanlike voice mode, which is featured in its popular artificial intelligence chatbot, ChatGPT. Cue all references to the Netflix show «Black Mirror» and the Spike Jonze movie «Her.» The company noted in the report, which concerned safety steps that were taken during product development, that during early testing, users were observed engaging in language that might indicate the formation of a connection with the model. The software participates in conversation by receiving and responding to voice commands, images and videos.

Mass Deportation Now!" declared the signs at the Republican National Convention, giving a full embrace to Donald Trump's pledge to expel millions of migrants in the largest deportation program in American history. Some Republicans aren't quite ready for that. Lauren B. Pena, a Republican activist from Texas, said that hearing Trump's calls for mass deportations, as well as terms like «illegals» and «invasion» thrown around at the convention, made her feel uncomfortable. Like some Republicans in Congress who have advanced balanced approaches to immigration, she hopes Trump is just blustering.

direct plan. Both the plans come with two options — growth and IDCW. It is important for every investor to choose the correct plan as well as option. A growth option is suitable for investors who are not seeking Income Distribution cum capital withdrawal. This option focuses on capital appreciation and compounding impact for the investors. On the other hand, the IDCW option provides investors with regular income in the form of dividends. Regular plan — Mutual funds of regular plans are bought through a mutual fund distributor. In this plan, one may choose to invest in mutual funds with the help of a Mutual Fund distributor/agent in what is termed as a ‘Regular Plan’, according to Association of Mutual Funds in India (AMFI).

«Looking at the derivative data, major call writers are active around the 24,400 and 24,500 levels for Nifty. These levels could act as significant supply zones for any minor pullbacks. On the downside, 24,200 and 24,000 have substantial put-based concentration, potentially providing support around the 24,000 level for Nifty in the coming days,» says Rajesh Palviya, Axis Securities. Give us a technical take on the current activity in call and put options for the indices, Nifty and Nifty Bank. What levels should we expect going into next week? Additionally, do you think the correction we've seen over the week is just temporary, or could it be more long-lasting? Rajesh Palviya: This week’s volatility has seen Nifty slip below its 20-day moving average, and it has traded below this average throughout the week. Although Nifty has managed to defend the 50-day moving average, which is around the 24,000 level, this level is still protected. However, Bank Nifty has broken below its 50-day moving average on the daily chart and has not been able to recover above it throughout the week. Both indices have breached their near-term support areas, suggesting that the trend may remain slightly bearish for the next few days.

Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists expecting the latest figures will open the door for more interest rate cuts to come from the Bank of Canada.