Wellness Financial News

silver July futures contracts opened at Rs 88,858/kg falling by Rs 141 or 0.16%. On Monday, gold and silver settled on a mixed note in the international as well as the domestic markets. On MCX, the gold August futures contract settled at Rs 71,791 per 10 grams with a gain of 0.29%, and the silver July futures contract settled at Rs 88,999 per kilogram with a loss of 0.16%.

Touted among the most spirited and colourful countries around the world, the Republic of Korea, or South Korea, effortlessly fuses its unique culture, immersive experiences, and innovative technology with great balance.

In recent years, with the steady growth of financial literacy and access to financial markets, mutual funds (MFs) have become an incredibly popular option for Indian investors. They often serve as the preferred avenue of investment for individuals seeking to grow their wealth. In fact, according to the Association of Mutual Funds in India, on April 30, 2024, the Assets Under Management (AUM) of the Indian Mutual Fund Industry stood at a monumental ₹57.26 trillion. With the AUM only standing at ₹9.45 trillion on the same date in 2014, we can see that growth during the past decade has been extraordinary.

A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train after a derailment, so they can respond appropriately

Flipkart explored a potential stake purchase in Swiggy about eight to ten months ago as two of India’s largest consumer internet firms sought to ally amid disruption set off by the rise of quick commerce, investors aware of the matter said. Once the talks fizzled out due to a valuation mismatch, Swiggy filed a confidential draft application in April to list on the public markets, they added. Also present at the negotiations was Prosus—the largest investor in Swiggy with a 33% stake—which was keen to divest some of its holding, the sources said.

Zyod has raised $18 million in a mix of equity and debt funding. The funding was led by venture firm RTP Global, while the debt capital was raised from Stride Ventures, Trifecta Capital and Alteria Capital. The “majority” of the funding was in primary equity, cofounder Ankit Jaipuria told ET. Existing investors Lightspeed Venture also participated in the funding round.

If you're exhausted by the contemplation of working 80+ hours a week as a junior banker, then think upon Jake Carraway, a 26-year-old associate on Barclays' New York financial sponsors team. Carraway works all week at his day job and then spends evenings and weekends as a professional athlete, training for and playing pro-Lacrosse matches with the Philadelphia Waterdogs. 

A core belief, shared by all investor relations departments of the world’s biggest banks, seems to be that people hate banks and don’t want to invest in them.  Consequently, whenever you get the chance to present to investors, you have to pretend to be something else.  This is the likely source of the common delusion among bank management teams that they are “actually a retailer”, “actually a technology company” or “actually a utility”.  If you can fool the market that you’re not really in the unpopular business of banking (or even worse, investment banking), they might assign a higher multiple to your earnings and the share price will go up. ✨

In its annual results to 31 March 2024 published today (24 June), TENT noted the realisations came from the disposals of the Boxed LED facility, the BESS portfolio and the CHP portfolio, as well as the repayment of the Innova Development debt facility. Triple Point Energy Transition realises £11.6m as part of managed wind-down These represented 52.2% of the trust's gross asset value as of the end of March. The only realisation «below par» was one regarding the disposal of the CHP portfolio, TENT noted. This was because it was refinanced for a total of £17.5m, of which £14.5m was re...

According to data from Morningstar Sustainalytics, the average asset-weighted representative cost for ESG funds in six of the most popular Morningstar categories was 0.83%, compared to 0.9% recorded for non-ESG funds. The report used a sample of over 110,000 retail share classes from over 37,400 funds in Europe and analysed funds within the Global Large-Cap Blend Equity, Europe Large-Cap Blend Equity, US Large-Cap Blend Equity, Global Emerging Market Equity, as well as Europe Corporate Bond and Other Bond groups. Morningstar: Money market funds dominate inflows in May The latest fi...

Base Dawgz ($DAWGZ) is on the verge of another major milestone, having raised $1.9 million in its presale and rapidly closing in on the $2 million mark in its initial coin offering (ICO).

Failed bitcoin exchange Mt. Gox will finally begin returning bitcoin (BTCUSD) to customers in July 2024, almost a decade after a massive hack forced it into bankruptcy.

The Bank of Canada will be scrutinizing May inflation figures this week as it gauges whether it can deliver back-to-back interest rate cuts.

Fidelis Capital, an advisor-owned wealth management firm, has deepened its talent pool further with a seasoned expert in wealth management and sophisticated planning strategies.

It’s been pretty smooth sailing for stocks so far in 2024 with the S&P 500 returning over 15 percent and the VIX bumping along at historic lows. And judging from the market’s fundamentals, there’s no reason right now for financial advisors to rock the boat in the second half, according to Steven Chiavarone, head of the multi-asset group at Federated Hermes.

Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry growth of 53%. The schemes of this fund house have not just outperformed their benchmarks but have also given superior returns over their peers in different categories. Quant Mutual Funds’ total assets under management from all schemes at the end of May 2024 stood at Rs 84,030 crore, up from Rs 23,956 crore as on May 31, 2023. It was at just Rs 225 crore in May 2019. This is a staggering 37,246% jump in five years. Meanwhile, the net AUM of equity oriented schemes as on May 31, 2024 for the industry stood at Rs 25.39 lakh crore this May versus Rs 16.56 lakh crore in the same month of the previous year. It was at Rs 7.24 lakh crore as on May 31, 2019. The industry AUM growth has been 250% in the said period.

India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, in the national capital, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. As the world's largest consumer and second-largest producer of sugar, India has been nominated to chair the ISO for 2024, an official statement said. The event kicked off with an industrial tour to a grain-based distillery in Muzaffarnagar, Uttar Pradesh, on June 24, demonstrating India's adoption of cutting-edge technology in biofuel production. The main proceedings begin on June 25 with a workshop titled «Sugar and Biofuels — Emerging Vistas» at Bharat Mandapam, to be inaugurated by Union Minister for Food as well as New & Renewable Energy Pralhad Joshi.

Narendra Modi praised the transformative impact of the Goods and Services Tax (GST) over its seven-year implementation. Citing data compiled y the Central Board of Indirect Taxes and Customs (CBIC), PM Modi posted on «X» (formerly Twitter) that GST has significantly enhanced the lives of 140 crore Indians. «For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper.» The Prime Minister also emphasized that the implementation of GST has led to increased savings for the poor and common man. He noted that GST has lowered taxes on essential household items such as flour, curd, and detergent, making daily necessities more affordable.

Adani group capitalize on upcoming opportunities, especially with its expertise in executing complex, large-scale projects, chairman Gautam Adani said. The core infrastructure group which has businesses ranging across ports, green energy, cement, airports, power and transmission will be setting up the largest energy installation, redeveloping the largest slum and making the largest single location copper smelter of the world in the country over the next few years.

India's Adani Group is «well positioned» to capitalize on opportunities in the country's booming infrastructure sector as spending is expected to surge, Chairman Gautam Adani told investors on Monday. The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending that is expected to grow at a compounded annual growth rate of 20%-25%, Adani said.

Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia. Prime Minister Narendra Modi took his oath in Hindi amid slogans of «Jai Shri Ram» from the treasury benches. Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Road Transport and Highways Minister Nitin Gadkari, Women and Child Development Minister Annapurna Devi, Telecom Minister Jyotiraditya Scindia and Urban Development Minister ML Khattar were among those who took oath in Hindi. Education Minister Dharmendra Pradhan, the MP from Odisha's Sambalpur, took oath in Odia.