Wellness Financial News

₹5 lakh, ₹25 lakh, ₹1 crore, and more. However, there is no capping on the amount under unlimited sum insured plans.

India's fuel consumption rose by 2.6% year-on-year to 19.99 million metric tons in June from a year earlier, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday. India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand. Prashant Vasisht, vice president and co-head, corporate ratings at India Credit Rating Agency (ICRA), said there had been solid economic growth in India, «and there was a lot of tourist activity this year as compared to last year. Jet fuel has been gradually improving… In the power sector the power supplies were more regular, leading to the farming and agricultural sector being well supplied and that has also led to less dependence on diesel.»

BJP and its government at the Centre are playing with the life of Delhi Chief Minister Arvind Kejriwal who has lost 8.5 kg and whose blood sugar level dropped below 50 mg/dL five times while in jail, AAP Rajya Sabha member Sanjay Singh claimed on Saturday. There was no immediate reaction from the BJP on his claims. «His health condition is such that if he is not brought out of jail soon and provided medical care, any serious incident may happen with him,» Singh said at a press conference. He said Kejriwal's weight was 70 kg when he was arrested by the Enforcement Directorate (ED) on March 21 in the excise policy-linked money laundering case. Now, his weight has reduced to 61.5 kg, he claimed.

Republicans may be cheering “Drill, baby, drill” at their convention next week, but a Democratic President is typically better for oil and natural gas stocks, says Ben Cook, portfolio manager for the Hennessy Energy Transition Fund.

June against Rs 13,316.81 crore in the corresponding month last year, an improvement of about 11.12 per cent, according to a statement.«During the month of June 2024, originating freight loading of 135.46 MT has been achieved against loading of 123.06 MT in June 2023, which is an improvement of approx 10.07 per cent over the last year,» the Railway Board said in the statement. It added that freight revenue of «Rs 14,798.11 crore was achieved in June against Rs 13,316.81 crore freight earnings in June 2023, thereby showing an improvement of about 11.12 per cent over the last year». The railways achieved loading of 60.27 MT in coal, 8.82 MT in imported coal, 15.07 MT in iron ore, 5.36 MT in pig iron and finished steel, 7.56 MT in cement, 5.28 MT in clinker, 4.21 MT in foodgrain, 5.30 MT in fertiliser, 4.18 MT in mineral oil, 6.97 MT in containers and 10.06 MT in balance other goods during June this year, according to the railway ministry.

Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London listing, already sources some clothes from factories in Turkey, although the vast majority of its products are made by around 5,400 suppliers mainly in Guangzhou, China.

Chakri Lokapriya, Managing Partner, RSB LLP, says that it’s time to be cautious as at the Nifty level, the earnings continue to be weak at the index level simply because the main constituents, whether it is IT or pharma or metals are not going to contribute to the earnings growth. On the other hand, the broader market earnings growth at the index level is likely to be far stronger While Wednesday’s decline was led by a slew of discounts from Motown, given the weekly expiry, the Budget coming up ahead and then, of course, data points like US CPI as well at the global front, do you think it makes sense to go a little light into these events? Chakri Lokapriya: You are right in terms of the market has run up and gone into Budget there is a lot of expectation in those few sectors like defence, railways, infra, and agriculture also to an extent. While at the Nifty level, the earnings continue to be weak at the index level simply because the main constituents, whether it is IT or pharma or metals are not going to contribute to the earnings growth. On the other hand, the broader market earnings growth at the index level is likely to be far stronger. But those stocks have run up, so I think caution would be helpful at this juncture.

₹50,000 for individuals, their spouses, and dependent children, and increasing the limit to ₹1 lakh for senior citizen parents. Additionally, the industry is pushing for tax exemptions on Health Savings Accounts (HSAs). This reform would enable individuals to allocate more resources towards future healthcare expenses, promoting a proactive approach to health and wellness planning."Simmardeep S Gill, MD & CEO, Sterling Hospitals, said, "The upcoming union budget is expected to bring important changes to the healthcare sector, addressing key needs and improving services.

Wells Fargo & Co. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis as the lender’s second-quarter results were marred by higher-than-expected costs.

ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech firms like Fibe, in the coming months, said people familiar with the matter. Through this integration, participating banks will offer unsecured personal loans and goods and services tax-based invoice loans, targeting small merchants and retailers in financially underserved regions across the country, they said.

income tax return (ITR) within 30 days of filing it, or all the time and resources you invested in filing it will be wasted. Verification of the ITR is the last step of the tax return filing process and is a mandatory requirement for processing of the filed ITR. The filed ITR will not even be considered for processing by the tax department unless you verify it using the prescribed methods. «If you do not verify in time, your return is treated as not filed and it will attract all the consequences of not filing ITR under the Income Tax Act, 1961,» said the tax department on its website. Needless to say, if your filed ITR is not processed, you will not get income tax refund (if any) and it will be assumed that you have not filed your ITR. The deadline to file ITR for those not liable for an income tax audit is July 31, 2024, for FY 2023-24 (AY 2024-25).

Wells Fargo Advisors’ big bet on stabilizing its sales force of financial advisors by focusing on its independent broker and investment advisor channel appears to be paying off, according to senior executives and industry sources with knowledge of the changes there.

introspection by all political parties. Addressing a joint session of both houses of the Maharashtra legislature to mark centenary celebrations of the state legislative council, Dhankar also said that democracy thrives on debate and dialogue, but dialogue among political parties was missing at present. «Democratic polity is witnessing a new low and it calls for introspection by all political parties,» the vice president said. «All is not well in parliamentary democracy. We are suffering sacrilege of disruption. Dialogue between political parties is missing,» he added. Slogan shouting and marching into the well of House was a painful situation for any presiding officer, said Dhankhar, chairman of the Rajya Sabha, adding that the chairman and speaker are made convenient punching bags by both sides. Decorum and discipline are the «heart of democracy» and the presiding officer should be respected, he added. «We are also not accommodative to the other point of view,» Dhankhar said, adding that parties often take confrontationist and adversarial approach instead of a cordial one. Ethics and morality have been the hallmarks of public life in India, he noted. While the state legislatures and Parliament are the «North Pole of democracy», legislators and MPs are its «lighthouses,» the vice president further said.

«Even if the markets go through a bit of a correction, pharma and FMCG will stand out. So, almost 14% to 15% of your portfolio at this point of time should be in pharma,» says Gautam Shah, Goldilocks Premium Research. What would you like to get into in pharma? What are you riding there? Gautam Shah: Well, pharma has been a brilliant story for the last one year. For the last four months, it has actually got into a consolidation patch. Now it saw a breakout last week and we like stocks like Dr Reddy's which could be setting up for possibly a Rs 1,000 rally from here. Sun Pharma has been a structural story for a couple of years now. Cipla has been doing well. Stocks like Divi’s Lab and Laurus Lab have completed their underperformance, so they are also likely to move up. So, this entire pack has a lot more upside and we have seen what Wockhardt Pharma and Zydus Life have done in the recent past. And these are in some sense low beta or negative beta. So, even if the markets go through a bit of a correction, pharma and FMCG will stand out. So, almost 14% to 15% of your portfolio at this point of time should be in pharma.

social media app Telegram, details pertaining to the new F-35 Fighter Aircraft as well as the details of advanced drones sent shockwaves across the defense establishment. The Pentagon has rubbished these details. Fighterbomber which is the name of the military channel, claimed that it had 250 gigabytes of data pertaining to the US military including its fighter aircrafts. Russia has in the past has mounted cyber-attacks against the US and stole confidential and classified defense information.

This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment. The companies are also investing in “consumer activation” efforts to increase engagement with rural buyers, the executives said. Apart from the expectations of an above-normal monsoon that could bolster farm incomes, companies are expecting policy measures in the July 23 budget to strengthen the revival of demand in rural India.

PixelPaint technology for its new electric vehicle paint facility, ABB said on Wednesday. The deployment of the technology also includes 42 robots from the IRB 5500 family making M&M the first OEM in India to use PixelPaint technology for the painting of contrasting roofs and pillars, ABB said. PixelPaint consists of a paint head with more than 1,000 tiny, individually controlled nozzles, mounted on an ABB robot, the company said in a statement. «Our PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention,» said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line.

international airport that is being planned for Bengaluru will be as large as the Kempegowda International Airport (KIA) and would require about 4500-5000 acres of land, Industry & Infrastructure Minister MB Patil said on Wednesday. The KempeGowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai. The airport recorded the highest-ever passenger traffic with 37.5 million travelers in the year 2023-24 and handled 439,524 metric tonnes of cargo. The international airport will reach its peak passenger and cargo load capacity by 2035, and the state government has to plan a second airport well ahead of time, the minister told a media conference.

charges of leaving Canada to participate in a terrorist group as well as participation in the activities of a terrorist group.She appeared in court in Vancouver on Saturday morning and was scheduled to return on Aug. 2.The resident of Squamish, B.C.

Elections in the United Kingdom have a distinct vocabulary that draws on traditions of parliamentary democracy as well as the lexicon of U.S. politics and modern political spin

The information ratio essentially measures how much excess return a fund generates relative to the excess risk it takes, compared to its benchmark. It’s calculated by dividing the active return (fund’s return, minus its benchmark index) by the tracking error (standard deviation of active return). A higher ratio indicates better risk-adjusted performance, reflecting how well a fund performs relative to its benchmark while considering volatility. Why is Sebi pushing for this disclosure now? Recent surges in investments in certain fund categories and schemes have raised concerns. Investors flock to funds with stellar recent returns, sometimes overlooking the associated high risks. Sebi aims to ensure investors consider not just performance, but also the risks involved. Risk-adjusted returns offer a more comprehensive view of fund performance, according to Sebi.