Wellness Financial News

National, 6th June, 2024: VLCC, one of the largest beauty and wellness brands in the world, expands its product portfolio with launch of revolutionary skincare range ‘VLCC Clinic’. Backed by scientific formulations, the new range embodies the group’s 35 years of expertise in skincare and wellness while catering complete skincare solutions.

European Central Bank cut its key interest rate Thursday by a quarter point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors. The ECB cut its benchmark rate to 3.75% from a record high of 4% at a meeting of the bank’s 26-member rate-setting council in Frankfurt.

European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.

BCCI chief curator Daljit Singh is shocked by the "poor quality" of drop-in pitches being used for the T20 World Cup games in New York, including the ones featuring India. India play three World Cup games in New York including the blockbuster clash against Pakistan on June 9. In their tournament-opener against Ireland, uneven bounce and cracks attracted a lot of attention.

According to a report by the FT, the New Orleans-based 5th US Circuit Court of Appeals decided the SEC had overstepped its authority when it sought to change the rules in August 2023. The proposals would have required fund managers to provide detailed quarterly results to investors, as well as expense reports and limit secret side deals. US private fund industry bodies sue SEC over new disclosure rules As a result, a group of six US trade bodies representing hedge funds and private markets firms filed a lawsuit against the US regulator over its «unlawful and harmful» rules they arg...

swung to profit after incurring losses for four consecutive years. Net profit of over ₹8,000 crore was its best yet. FY25 could be better than last year with the management expecting an early double-digit capacity growth, provided prices of fuel, which form a large chunk of operating costs of airlines, remain stable.

The seven-phase general election was a stupendous achievement by any measure and places India firmly on the global map of sturdy democracies. However, the process carried a high cost in the midst of a torrid heat wave gripping much of the country. A shocking total of 43 staff, on duty on the last day of polling in Uttar Pradesh and Bihar, are reported to have succumbed to the heat.

LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.

Max Healthcare Institute Ltd. traded 1.38 per cent higher in Thursday's session at 12:07PM (IST). The stock opened at Rs 827.95 and has touched an intraday high and low of Rs 837.0 and Rs 812.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 909.0 and a 52-week low of 505.35. About 15,748 shares changed hands on the counter so far.

Cosmic Kittens (CKIT): Best presale to buy currently Cosmic Kittens (CKIT) will boast utility in the crypto gaming space. The thriving sector has been attracting numerous new players recently, positively impacting the adoption potential of most projects in the space. This implies that Cosmic Kittens (CKIT) will likely enjoy higher adoption. Higher adoption could put the new presale coin on a success pedestal, increasing its chances of booming. This is one of the numerous reasons market players see CKIT as a good crypto purchase.

Insurance Regulatory Development Authority of India (IRDAI) has instructed insurance companies and insurance intermediaries, such as brokers, insurance market businesses, and corporate agents, not to call customers from a standard 10-digit mobile number in an effort to take harsh measures against fraudulent telecallers.

Tube Investments of India Ltd. gained 4.08 per cent to Rs 3861.0 in Thursday's trade as of 10:35AM (IST). It hit a high of Rs 3894.8 and low of Rs 3740.95 during the session. The stock quoted a 52-week high price of Rs 4159.5 and a low of Rs 2729.1. The return on equity for the stock stood at 18.49 per cent. About 2,487 shares have changed hands on the counter so far.

«You have got a good rainfall, inflation is under control and I think the choice and aspiration of growing to bigger banks is growing. I continue to think Hindustan Lever on any correction, so as Marico and Nestle, but our two outperformers there are going to be Bata and Patanjali,» says Sanjiv Bhasin, Director, IIFL Securities. Are you smiling all the way saying, I told you so, ABFRL, Idea, those are some of the stocks that you just recommended. I told you, bring me when you are up 700 points, not 150 points, and that is what we did by the end of the day, so kudos. And ABFRL was rocking along with Idea. So, who says you cannot make money? All you have to do is watch ET Now. Yes, I think we have made that sharp recovery. Maybe we plateau here for a few days. You need digestion. FIIs outlook will keep rotating on sectors. But sectoral outperformance is there. You are getting a trading opportunity in some of the PSUs and we continue to think AB Birla Group is being re-rated and that is going to be a star performer this year.

BJP-led NDA government, saying, “not Modi 3.0, but Modi 1/3 government will be formed this time". In a post on X (formerly Twitter), Jairam Ramesh wrote, “It is being claimed repeatedly that now Modi 3.0 government will be formed. The truth is that this time Modi 1/3 government."Caretaker PM Narendra Modi will assume the Prime Minister's Office for the third term on June 8, following the Bharatiya Janata Party-led National Democratic Alliance (NDA) securing 293 seats in the Lok Sabha elections.Senior Congress leader Kapil Sibal took a jibe at Modi over his “God sent me" remark.

NASA astronauts Michael Barratt, Matt Dominick, Tracy C Dyson, and Jeanette Epps, along with Roscosmos cosmonauts Nikolai Chub, Alexander Grebenkin, and Oleg Kononenko.“Two bold NASA astronauts are well on their way on this historic first test flight of a brand-new spacecraft," said NASA administrator Bill Nelson after the Starliner launch.SpaceX founder and CEO Elon Musk congratulated Boeing on the successful launch of its Starliner craft to space.“Congratulations on a successful launch!" SpaceX founder and CEO Elon Musk said via X today. He also reposted the US space agency's post, that read “Starliner to the stars!"During a 2013 press conference at the National Science Centre in New Delhi, Sunita told reporters that she carries a copy of the Bhagavad Gita and samosas with her during her space missions.Both Suni and Butch will remain at the ISS for about a week before undocking and re-entering Earth's atmosphere.

«For someone who is already an existing investor, you need to keep asking yourself the question, that what are my goals and is my portfolio in tune with those goals because setting up a portfolio at one stage is part of the job done,» says Arnav Pandya, Founder, Moneyeduschool. Time to look at a five-year plan for your portfolio. If in case you are someone who is yet to enter the world of investments and looking for a portfolio, I mean, there are a few ground rules that you should be taking care of, but then someone who is about to start the investment journey and also someone who has an existing portfolio, let us take a time frame of five years and the kind of changes that one should be doing in their portfolio which is existing and formation of a new portfolio. Investor who is looking at building a portfolio, the job is obviously much easier because you need to follow some basic rules, which is that you need to keep investing regularly over a period of time, you need to first set your goals. Based on their goals, you can do the asset allocation, which is suitable for you and based on that look at how much you will allocate to each asset class, be it equity, debt, real estate, gold.

Blue Star. Posters of Jarnail Singh Bhindranwale were also seen during the demonstration.Indian Army's Operation Blue Star began on June 1, 1984. The operation was carried out to remove Jarnail Singh Bhindranwale, who had taken shelter in the Harmandir Sahib Complex (Golden Temple) in Amritsar, Punjab.

investment strategies for wealthy individuals are often complex and require the guidance of experienced professionals, such as wealth managers, investment advisors, tax experts, and legal counsel. These strategies should be tailored to the specific goals, risk tolerance, and circumstances of each individual or family. When it comes to bespoke investments for such investors, there are several parameters and considerations that come into play.

In an unprecedented move by a nontraded real estate investment trust, the KKR Real Estate Select Trust Inc. on Tuesday disclosed its management was going to devote as much as $250 million over the next few years to support the net asset value, or NAV, of the company.

The heatwave across India has hurt economic activity, with its level in both the manufacturing and service sectors recording a slowdown. According to survey results released on Thursday, the HSBC India services purchasing managers’ index (PMI) compiled by S&P Global dipped to 60.2 last month from 60.8 in April.

Brookfield Asset Management Inc. can triple the size of its private equity unit in the next five years, said Anuj Ranjan, the head of the business, in an interview with Bloomberg TV.