Wellness Financial News

commercial property or to sell it and invest the proceeds in mutual funds and stocks for potentially higher returns. Madhu R, a 33-year-old investor with a risk appetite, purchased a commercial property for 60 lakh 2 years ago with a Rs 30 lakh home loan. The monthly EMI is Rs 29,647, while the rental income from the property is Rs 13,500. With the property value now at 85 lakh, Madhu is considering selling it to invest in mutual funds and stocks, aiming for better long-term returns and the potential to save on EMI payments.

Delhi Finance Minister Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here.

mutual funds have offered up to 99% return in the last one year. These funds gave an average return of 95.68% in the similar time horizon. SBI PSU Fund, the topper in the category, offered 99.87% return in the last one year. Invesco India PSU Equity Fund offered 97.70% return in the said period. The scheme is the oldest scheme in the category.

JHS Svendgaard Laboratories Ltd.(up 1.76%), Zydus Wellness Ltd.(up 0.54%), Britannia Industries Ltd.(up 0.54%), Jyothy Labs Ltd.(up 0.28%), Euro India Fresh Foods Ltd.(up 0.06%) and Prataap Snacks Ltd.(up 0.04%) were among the top gainers.

Mumbai to chart out a strategy for the upcoming assembly polls in Maharashtra. The party has scheduled a meeting of all the senior leaders of the state, which will be chaired by the General Secretary (organisation) KC Venugopal, and the AICC Incharge of Maharashtra, Ramesh Chenithalla. In the recent parliamentary elections, Congress emerged as the largest party in the state, with 13 Lok Sabha MPs, and along with Shiv Sena UBT's 9 and the NCP (Pawar)'s 8 MPs, Maha Vikas Aghadi (MVA) won 30 seats out of the total number of 48 constituencies in Maharashtra.

«This is the best growth they have achieved in several quarters, at least if not for all the quarters, at least for the first quarter start of the year, so this is a great number that they have reported. But I have not seen what their guidance is actually for the year ahead,» says Mahantesh Sabarad, Independent Market Expert. Is it just me who is pleasantly surprised with the numbers or is it you as well who is giving me company here? Mahantesh Sabarad: Yes, I think the top line growth of 2.5% constant currency YoY growth and 3.6% quarter-on-quarter is a great surprise because if I am right 3.6% constant currency quarter-on-quarter growth has not been achieved for the past six-seven quarters. This is the best growth they have achieved in several quarters, at least if not for all the quarters, at least for the first quarter start of the year, so these are great numbers that they have reported.

Cristiano Ronaldo knows how to spend his money in the most lavish and headline-friendly ways. Now, Ronaldo is spending heavily on his new Lisbon mansion that is projected to become the costliest residence ever in the whole of Portugal, says a New York Post report.

₹29,999.But while the Nord 4 looks, on paper at least, like a formidable device, does it have what it takes to stand out in the very crowded sub- ₹30,000 price segment? Well, I used the Nord 4 for about 10 days and here's my detailed review of the device.Also Read | OnePlus 12R review: Relatively affordable ‘flagship killer’ that ticks all the right boxesInside the Nord 4 box you get the device itself, a red coloured Type A to Type C cable, a SIM ejector tool, a 100W adapter, a transparent case and some paperwork. I received the top-end model with 12GB RAM/256GB storage in Obsidian Midnight colourway.At 8mm thick and weighing in at around 200 grams, the Nord 4 isn't the lightest phone around, but OnePlus has done a good job with the weight distribution on this phone, making it easy to hold even during those long phone calls or gaming sessions.The Nord 4 immediately stands out from the competition with its metal unibody design and dual-tone finish.

Ashneer Grover, founder of BharatPe and Third Unicorn, advocates for a streamlined hiring process centered around the principle of "hire fast, fire fast." Speaking on the podcast 'Limitless with Ishan Sharma,' Grover argued that traditional lengthy hiring procedures and prolonged notice periods waste valuable time and resources, ultimately hindering company growth. The Traditional Hiring Process: A Time Sink Grover criticizes the conventional approach to recruitment, which involves multiple rounds of interviews and extended notice periods. «What I have basically understood about hiring, and a lot of people don’t agree with this thought, it’s hire fast, fire fast,» Grover stated. He emphasized that the extensive time spent in hiring is often counterproductive, as candidates tend to be on their best behavior during interviews, making it difficult to gauge their true performance.

South Indian Bank reported a net profit of Rs 294 crore during the quarter ended June 2024, up 45% compared to a net profit of Rs 202 crore in the June 2023 quarter. «The bank recorded a strong growth in net interest income, treasury income besides other income on account of recoveries» said P R Seshadri, MD & CEO of the Bank in a telephonic interaction with ET.

Off the heels of last week’s announcement that Envestnet had agreed to be bought by Bain Capital for almost half a billion dollars, several advisors and industry experts are reflecting on what this, and other mega acquisitions, signal for the industry going forward.

EMBRUN, France—By now, Tadej Pogacar has memorized every twist and turn of the Col d’Eze, the winding road that rises from behind the port of Nice to the hills above Monaco. It’s where he goes on coffee rides, where he flies past unsuspecting amateurs, and where he trains to win the Tour de France. The two-time champion is such a fixture on the Col d’Eze that cyclists in the cafés below trade Pogacar sightings like celebrity-spotters in the bars of swanky hotels.

road construction projects and subdued demand due to general elections. While industry body Indian Construction Equipment Manufacturers’ Association (ICEMA) has yet to release sales data for the quarter ended June 30, the industry estimates about 24,000 units have been sold during the three-month period, similar to the volume reported in the same period last fiscal year. Senior industry executives estimate sales of construction equipment, widely regarded as a barometer of economic activity, to remain sluggish this year.

WASHINGTON—Police were suspicious of Donald Trump’s attempted assassin on Saturday more than an hour before the attack, according to private law enforcement briefings provided to House and Senate lawmakers. Wednesday’s briefings, given by top U.S. officials, offered some of the most detailed information to date on what happened in the run-up to the shooting at a campaign rally in western Pennsylvania.

release date on Netflix is here as a total of 15 episodes are being released in three parts beginning Thursday for viewers in the US. «Cobra Kai» season 6 episode 1 has been released on July 18. In fact, Netflix viewers can watch episode 1 to episode 5 on July 18. Second batch of episodes of «Cobra Kai» season 6 will drop in November. One will be able to watch episode 6 to episode 10 on November 15.

Major crypto exchange OKX has selected Malta as its hub for Markets in Crypto-Assets (MiCA) compliance within the European Union.

Nifty ended Thursday's trading session 188 points higher, just above the 24,800 level, to form a long bull candle on the daily chart on Thursday expiry where 10-day EMA continued to offer support during consolidations. Nifty is now advancing towards a key overhead resistance of 24,960 (1.786% Fibonacci extension, taken from the bottom of March 23, top of Sept 23 and bottom of Oct 23). Hence, one may expect volatility/consolidations around 24,950-25,000 levels in the short term, said Nagaraj Shetti of HDFC Securities.

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

Rs 1,000 crore, including a greenshoe option of Rs 200 crore. A greenshoe option is a provision that allows a fund to raise more capital than originally targeted if investor interest exceeds initial expectation.

bill mandating reservation for Kannadigas in the private sector, sparking an uproar. The decision was taken at the Cabinet meeting held on Monday and was subsequently put on hold after backlash from business honchos and tech tycoons. Karnataka chief minister Siddaramaiah said in a post on X, “The bill approved by the cabinet to provide reservation for Kannadigas in private sector organizations, industries and enterprises has been temporarily put on hold.”

«Having said that, if you look at the valuations basically, we have started discounting FY26 and FY27, so that basically means that we are probably headed into a phase of time correction, consolidation, probably some amount of value correction that we should be prepared for,» says S Krishnakumar, Lion Hill Capital. Which camp are you in – the cautious, happy camp which has made a lot of money last three-four years and now taking it easy or still on the ball, completely looking for good ideas and not very cautious on the market. S Krishnakumar: I think I belong to the first camp and been cautious but invested, so we have been probably making good returns last three-four years. Of course, with all the news flow around us that we see, India is in a sweet spot in terms of foreign interest and also on domestic flows that are coming through.