Wellness Financial News

Wealth Enhancement Group has strengthened its presence in the Northeast with its acquisition of a specialized wealth management practice in Massachusetts.

Federal Bank led the way in gross loan expansion while CSB Bank showed the highest deposit growth among Kerala-headquartered lenders which published their quarterly business numbers so far. Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82510 crore. City Union Bank and Dhanlaxmi Bank are yet to publish their first quarter business numbers till Wednesday noon. ESAF Small Finance Bank has not shared the numbers as well.

I recently spent ten days in the United Kingdom, driving through the English countryside and occasionally giving lectures. My journey included visits to historical landmarks like the majestic Durham Cathedral, completed in 1133 CE, and the little village in Lincolnshire where Isaac Newton was born. But I also saw, in London and across the country, signs of urban decay and neglect, as well as homelessness, poverty and despair.

England successfully cruised into the finals of the Euro Cup 2024 after defeating Netherlands 2-1, but the game's outcome ahs irked many Netherlands' legendary footballers, who have slammed the Euro Cup 2024 organizers as well as the match referee for awarding a controversial penalty to Harry Kane's England, which was the game-changer of the semifinals.

Hudson’s Bay Co. made headlines last week after announcing it hoped to create a powerhouse in the world of luxury goods with the acquisition of Neiman Marcus Group LLC, but for some Canadian shoppers at its iconic Bay chain, it’s the basics that remain a bigger concern.

InterGlobe Aviation Ltd. gained 0.04 per cent to Rs 4318.55 in Friday's trade as of 11:01AM (IST). It hit a high of Rs 4368.0 and low of Rs 4310.0 during the session. The stock quoted a 52-week high price of Rs 4610.0 and a low of Rs 2334.95. The return on equity for the stock stood at 409.35 per cent. About 8,089 shares have changed hands on the counter so far.

Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall

Following an intensive manhunt Wednesday, police in the U.K. located a suspect believed to have killed three women with a crossbow in a home north of London.

Zee Entertainment Enterprises Ltd. gained 0.4 per cent to Rs 147.1 in Thursday's trade as of 10:40AM (IST). It hit a high of Rs 148.25 and low of Rs 146.8 during the session. The stock quoted a 52-week high price of Rs 299.5 and a low of Rs 126.15. The return on equity for the stock stood at 1.3 per cent. About 241,233 shares have changed hands on the counter so far.

Rishi Sunak, the current UK Prime Minister had called for a snap elections recently across the country that had come as a surprise and shock for both UK residents as well as pollsters, with the polling booths to finally open in the morning of July 4, within a matter of hours.

T20 World Cup champions India will take on Zimbabwe in the second match of the 5-match T20 series at Harare Sports Club. Zimbabwe defeated India by 13 runs in the first T20 international at Harare Sports Club. Despite struggling to 115 for nine, with Ravi Bishnoi taking a career-best four for 13, Zimbabwe bowled out India for 102. This loss ended India's 12-match winning streak in T20Is. Shubman Gill acknowledged that while the team bowled well, their fielding was subpar and they appeared rusty. India lost four wickets for 22 runs early, and Gill's dismissal for 31 further dashed their hopes. Sikander Raza, who took three for 25, highlighted the need for better batting despite the win. An unbeaten last-wicket stand of 25 proved crucial for Zimbabwe.

«I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us,» says Alok Agarwal, Alchemy Capital. What is your take on the commentary from Rajiv about the category breaker this particular CNG bike could become? It is the first of its kind, and clearly, you have to give full marks for that. The stock is higher by 2%. But what does it do to this category, this value category? The 85,000-95,000 per unit value category was ignored by everybody, as all the players were focusing on premiumization. Can it revitalize that space and get volumes back? Alok Agarwal: We have been seeing a K-shaped recovery all through, especially after COVID, and that was reflected in automobiles and two-wheelers as well. But at the same time, one of the most efficient companies is coming forward with CNG bikes. I think it is a welcome step, a welcome move. It is a calculated move as well. They have also showcased how they have changed things in the past. So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.

earnings versus a 20-year average of 20.4x (at the 88th percentile). So, what has been driving the markets and more importantly, what’s next? The superior returns were triggered by a stable macroeconomic profile, improving corporate profitability as well as strong liquidity. On the macro side, fiscal consolidation, a focus on capital spends and moderating inflation have boded well for India. The recent GDP growth print of 8.2% was also a positive surprise for market participants. From a corporate profitability point of view, from FY18’s low of 1.3%, India’s corporate profits as % of GDP have dramatically improved to 5.5% in FY23. Liquidity has been strong too, providing a cushion to the markets. In 2023, FIIs bought $21.4 billion, while domestic institutions bought $22.3 billion. The vast improvement seen in systematic investments into mutual funds is particularly heartening. SIPs —which stood at Rs 8,500 crore in FY20 — amounted to Rs 20,900 crore in May of 2024. Even as these numbers explain what has happened in recent years, the question still remains: what now? And what next?

pandas. This is only partly true. While the Chinese probably never adopted them as pets because they leave awful black and white stains on the couch, they are remarkably useless otherwise as well. Most of the time, sitting on their lazy asses, their low desire to procreate is baffling. Certainly considering they are at risk of extinction. Pandas can't even be relied on for their own survival. I will let that sink in. Pandas can't be seen in the wild anymore. The closest they get is a breeding reserve in Chengdu. Considering the gastronomic delights the city has to offer, in which Sichuan pepper gives dishes their distinct flavour, it is a shame to see pandas limit themselves to bamboo.

Especially for 365-day plans priced between ₹2,545 and ₹3,099, Bharti Airtel, Reliance Jio and Vodafone Idea (Vi) are running in-app promotions for customers to save by recharging early. «Clearly, there has been a substantial spike in daily volume of recharges for all spectrums of validity and all three telecom companies are advertising through in-app promotions, the offline retail network as well as payment aggregators,» a telecom company executive said. Paytm, the largest mobile recharge medium for telcos beyond their own apps, said it has seen a 15-20% increase in daily recharges on its platform. «There is also an increased preference for long-term plans,» a spokesperson said.

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

Netflix anime library seems to be getting bigger and bigger. The OTT streaming giant is once again adding more and more anime content. Here are anime shows that will be released on Netflix throughout the month of July, as per WhatsOnNetflix. One Piece Season 21 has been released on July 1. Ouran High School Host Club Season 1 has been dropped on Netflix July 1. «The Rising of the Shield Hero» season 1 was released on July 1.

Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. Brent crude futures were down 30 cents, or 0.34%, at $87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.38%, to $83.56 by 0030 GMT, with activity thinned by the U.S. Fourth of July holiday.

Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements. Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Lite intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes, Sebi said in its consultation paper. Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities. The present regulatory framework for MFs is however uniformly applicable for all MF schemes and does not differentiate regarding the applicability of provisions relating to entry barriers — net worth, track record, profitability — and other compliance requirements for entities who may be desirous of launching only passive funds.

Central Cottage Industries Emporium — once fondly known as 'Cottage' to craft lovers all over India — ended in disappointment this week. The unwieldy split-level store was almost entirely empty at 4 pm on a weekday afternoon; and that includes the staff as none were to be seen except for the doorman. The pottery department (my destination) was even more deserted as many shelves were empty, and the rest very sparsely filled. Now that there are crafts aplenty available both online and in stores, heading to a government-owned emporium was perhaps naive. Who goes there these days anyway? Only people of my generation or older, presumably, for whom these were once the only places to access India's amazing traditional art and crafts. The paucity of stores selling crafts in the bad old days of socialism made state emporia the only option for traditional weaves, homeware, and even gifts. Some of them were better than others, of course. During my college days, we were fans of mirrorwork kurtas and shawls from Gurjari; the best Chanderi and Maheshwari sarees were from Mrignayani (Madhya Pradesh), Utkalika was a favourite haunt not only for its Sambalpuri ikat sarees but also for patachitra paintings, Lepakshi for Pochampalli and pearls, Poompuhar for wooden Ganeshas and Tanjore plates, Phulkari for, well, phulkari....

Indian archery teams – men’s and women’s – landed back home from Antalya, Turkey, having secured the 2024 Paris Olympic berths, based on rankings. Deepika Kumari, who had made a remarkable comeback after becoming a mother, was excited and relieved at the same time. “The dream was to make it to the Olympics,” she said. As she couldn’t talk more, she promised to meet later in the evening at her home. “I will be there for a few hours this evening before I leave for Pune for the final phase of training tomorrow morning,” Deepika suggested. Upon reaching her apartment, Deepika was already waiting in the lobby. As she was speaking, the mind went back to an event last November. At the time, she still had her post-pregnancy weight, and there was scepticism about her Olympics chances. And here she was, 20kg lighter, almost unrecognisable.