Wellness Financial News

Working Americans could get an opportunity to start their retirement savings journey earlier than ever thanks to a newly proposed piece of legislation in the House of Representatives.

Sheikh Hasina's escape to India following a coup, her arch rival Khaleda Zia, a former prime minister whose Bangladesh Nationalist Party (BNP) is the main opposition party in the country, has been released from years of house arrest. Her party is likely to win the elections which the interim government will now hold.

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Mint, potentially alleviating their burden of keeping 90 days of stocks. Acknowledging that Honasa's overall inventory with distributors is higher than that of other FMCG companies, Alagh said as the company changes its distribution model from super-stockists to direct distributors, which was announced during Q4 FY24 earnings in May, the supply chain will be streamlined, helping bring down the holding period. Honasa has also signed a partnership with third-party logistics company Delhivery to use its mother warehouse, the CEO said.

During the quarter, the pizza seller reported a 9.9% YoY rise in its revenue from operations to Rs 1,439.6 crore compared to Rs 1,309.6 crore in the year-ago period. The revenue uptick was mainly driven by 8.5% growth in Domino’s India.

Delhi government hit by the arrest of Chief Minister Arvind Kejriwal is expected to be back on track if his former deputy Manish Sisodia is restored to his previous position even though the process will take time, officers and constitutional experts said on Friday. Sisodia held portfolios of 18 departments including education, finance, excise, health and PWD among others besides being deputy of Kejriwal before his resignation on February 28 last year. The former deputy chief minister would take care of the Delhi government's functioning in absence of Kejriwal when he used to leave for annual sessions of vipassana meditation for a few days. The Supreme Court on Friday granted him bail in excise policy cases lodged by the CBI and ED.

Madhya Pradesh chief minister Mohan Yadav on Thursday said that Google Cloud has proposed to set up a startup hub and centre of excellence in his State. He said proposals with an investment potential of around Rs 3,200 crore were received during his two-day visit to Bengaluru. «To increase skilled workforce, Google Cloud has proposed setting up a startup hub and centre of excellence in Madhya Pradesh,» Yadav told reporters after an interactive session on investment opportunities in Madhya Pradesh. The chief minister visited Hindustan Aeronautics Limited here on Wednesday.

Manish Sisodia walked out of Tihar Jail on Friday evening, after 17 months of imprisonment. The Supreme Court granted him bail in the CBI as well as the ED cases against him in the now-scrapped Delhi liquor policy case earlier on Friday. «Bharat mata ji jai! Inquilab Zindabad!» said the former deputy chief minister upon his release. «I got bail from the power of the Constitution...Kejriwal will also come out soon. Our fight is against dictatorship,» he added. «Ever since this order came in the morning, every inch of my skin has been feeling indebted to Babasaheb. I don't understand how will pay off this debt to Babasaheb,» he further said in his release speech.

Foreign Tourist Arrivals (FTAs) of 9.24 million (provisional estimates) with a growth of 43.5% over the same period of the previous year. This accounted for foreign exchange earnings of 2,31,927 crores (provisional estimates) with a growth of 65.74%, as per the annual report 2023-2024 released Friday by the Ministry of Tourism. As per the report, augmenting tourism infrastructure, easing of visa regime, projection of the country as a 365 days’ tourist destination are some of the policy areas which need to be constantly worked upon to increase and facilitate tourism in India. The report stated that identification, diversification, development, and promotion of niche tourism products in the country is the initiative of the ministry to overcome the aspect of ‘seasonality’ and to promote India as a 365 days’ destination to attract tourists with specific interest, and to ensure repeat visits. “Thus, new products may be added in due course. The Ministry of Tourism has constituted task forces and committees for the promotion of golf, medical, wellness, cruise and adventure tourism in the country,” stated the report.

Amazon India had distributed 10,890 shelter kits to over 10,000 families across 34 districts, stated the company. These kits, tailored to meet immediate needs, include essential items such as tarpaulin sheets, ropes, soaps, dental hygiene products, buckets, mosquito nets, and sanitary pads.

ACC Ltd. traded 0.25 per cent lower in Friday's session at 01:08PM (IST). The stock opened at Rs 2396.0 and has touched an intraday high and low of Rs 2396.0 and Rs 2352.2, respectively, during the session so far. The stock quoted a 52-week high of Rs 2843.0 and a 52-week low of 1803.8. About 9,436 shares changed hands on the counter so far.

Crompton Greaves Consumer Electricals Ltd. traded 1.14 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 439.35 and has touched an intraday high and low of Rs 439.95 and Rs 434.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 470.5 and a 52-week low of 262.1. About 12,482 shares changed hands on the counter so far.

Tube Investments of India Ltd. traded 0.03 per cent lower in Friday's session at 12:43PM (IST). The stock opened at Rs 4049.0 and has touched an intraday high and low of Rs 4049.0 and Rs 4005.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4666.0 and a 52-week low of 2729.1. About 1,028 shares changed hands on the counter so far.

Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said. The recommendation for tougher checks on the finances of politically exposed persons (PEPs) is part of a FATF review of India's anti-money laundering systems that began in 2023. The group is due to publish its final report soon. Under global rules, politicians, their families, and close associates are subject to checks on their bank accounts due to their potential susceptibility to bribery and corruption.

Ashwini Agarwal, Founder, Demeter Advisors, says one way to manage risk for any investor is to run equity exposure in a band. If one is feeling very bullish, one should be at the upper end of the equity exposure band and if one is very bearish, one should be at the lower end of the equity exposure band. One should not be zero equities, even if very bearish because one could be wrong. Agarwal himself is operating in a band that is closer to the lower end of his equity exposure and is on the upper end of his cash exposure at this point. Usually, the RBI governor is very watchful, ever-careful, and very calculated about the messaging. But yesterday he was very clear that the priority is to contain inflation and prescribed markers so that the durability of growth can be ensured. He also went after grey areas of credit like top-up loans. How do the lenders look? They have been underperforming for a long time. Ashwini Agarwal: I think RBI has done a stellar job of communicating its policy stance and its objectives. If you think about what the Street was expecting ahead of the policy announcement and what was finally delivered, there is absolutely zero difference. Nobody expected any rate cuts, nobody expected any signalling. The RBI governor has been very clear that it is inflation that he wishes to target and till the inflation is firmly out of the way, there is no question of interest rates being rolled back or liquidity becoming a little more accommodative.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

₹439 crore for the quarter ended June in FY25. Its net profit grew 1.7% year-on-year to ₹35.4 crore for the same period. “Our strategic emphasis on premiumization and strong branding has positioned us to capture a greater market share," Anoop Bector, managing director of the company said in a recent investor presentation.

₹2,47,990, is one of the most well-heeled semi-professional cameras that you can buy today. Important context: for most casual buyers, the need for a camera such as the Nikon Z6 III arises out of discretion. Today, hobbies are no longer what they used to be—thanks in no small part to dwindling attention spans.

Carlyle," the first person quoted above said, adding that Alpha Wave is also likely to infuse some fresh capital into the company. “The term sheet from Alpha Wave is conditional and is contingent upon the company meeting several milestones such as FY25 revenue growth, targeted store openings and other clauses," the second person noted above said. “The deal is likely to be closed only next financial year." The deal comes a year and a half after Carlyle bought a majority stake in the company for $300 million in January 2023.

Liberty Media, owner of Formula One Group, is confirming that it is under investigation by the Justice Department for denying Andretti Global entry into the Formula 1 World Championship