Wellness Financial News

Equity markets took a heavy beating with the BSE Sensex tumbling 1,062 points on Thursday. Analysts said investors are trimming their equity exposure at a faster pace as the election season heats up, which can be seen from the drubbing that mid and small-caps received. Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy's, whose shares declined 2.8%.

As policy-wonk buzzwords go, few are more important these days than “ample." What that word means, or rather what the Federal Reserve thinks it means, has become a $7.4 trillion question hanging over the U.S. economy. The issue is the Fed’s balance sheet, which currently stands at about that level.

European Union as «consequential for the world as well,» External Affairs Minister S Jaishankar said the EU is not only «our largest economic partner,» but the ties run «very deep, spanning many domains.» Extending felications to EU's Ambassador to India, Herve Delphin, Jaishankar said, «I think today the relationship between India and the European Union is not only consequential for each one of us but also for the world as well. The EU is our largest economic partner, but it is more than that.» «It is an entity with which we have, really, a very deep relationship spanning many domains...not just in the relationship between New Delhi and Brussels but in the regional and sub-regional formats in which we engage each other and in a range of institutions that we both are members of and where we collaborate with each other. And of course, an important element of that is economic relationship,» Jaishankar said in his address at the Europe Day Celebrations here in New Delhi.

Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according to a new analysis from the central bank.

capital markets regulator's decision to reduce the face value of listed bonds is likely to give a fillip to the corporate bond market by drawing in more retail investors, in keeping with the long-standing regulatory endeavour to deepen volumes and participation. The Securities and Exchange Board of India (Sebi) last week decided to lower the face value of listed bonds to ₹10,000, from ₹1 lakh. The regulator had in 2022 reduced the face value of such securities to ₹1 lakh from ₹10 lakh.

acquisition activities, with several small and midsize firms announcing deals in the past four months in segments ranging from consulting and startups to engineering services, data and analytics. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when the demand for technology spending, especially in discretionary projects, returns, say analysts. Big IT firms such as Infosys, HCLTech, Wipro and Cognizant too have announced M&A deals in recent months, but the numbers were fewer compared with their smaller rivals.

Freshworks founder Girish Mathrubootham attributed a recent slide in the Nasdaq-listed company’s stock price to market anxiety regarding the impact of the artificial intelligence (AI) wave, dismissing the leadership transition or acquisition announcements that the company made last week as the possible reasons. “The reaction was quite surprising for us. We did not expect it to be so drastic. We understood from investors and analysts that the whole SMB (small and medium-sized businesses) pressure in the customer service market actually got our investors thinking if Freshworks is going to be disrupted by AI,” Mathrubootham said.

study conducted in the US, it has been found that 90 per cent of the adults over the age of 20 are at a high risk of developing a heart disease. This does not mean that 90 per cent of the US Population has full blown heart disease but it only means that they are susceptible to developing conditions which quicken the onset of heart diseases, as per a report on NBC News. Researchers used a model which identified high risk population using the strong links between the heart and those who had obesity, diabetes, cardiovascular issues and Kidney diseases. While it is well known in the medical circles that those who suffer from any of the above mentioned conditions, do develop a susceptibility towards a heart disease, research has only confirmed this.

animals taking over our planet from humans who often consider themselves to be the most intelligent living being? This is the question that was posed to Chat-GPT. While many film industries have depicted a doomsday conspiracy involving the take over of our planet by different people, the latest being the ‘Kingdom of the Planet of Apes’, this is an interesting answer given by Chat-GPT. This has been reported by the Daily Star, UK. Incidentally, the movie is releasing on May 10. While Chat-GPT and its application has generated interest in the past with its unique answers, the answer to this question is definitely surprising.

If your heart is telling you to give a luxurious bouquet of flowers, but your wallet is saying shop at the supermarket, fear not

Modi 3.0 governance plan, beginning with the first 100 days agenda, is expected to include 50 to 70 important goals and recommendations to establish the tone and intent of the new government. These will be arranged in order of significance and priority. While the list now stands at 75-80 goals and proposals, the intention is to reduce it to 50, sources in the know said. With the Lok Sabha 2024 result less than a month away, the government is in the final stages of drafting a new governing agenda for the next term. This will contain the first 100 days of planning, as well as midterm and long-term goals.

DoT) is likely to approach National Security Council Secretariat (NSCS) to seek approval and clarity on satellite communications, particularly on data transfer and usage, as well as equipment and components used in satellite gateways based in India, said officials privy to the details. The department is yet to finalise terms and conditions that would be included in awarding satellite communication with the aim of safeguarding security and integrity of the country, the officials told ET. «The views of NSCS around security parameters are important as satellite communications can't be barred by physical borders,» said one of the persons cited above. The NSCS is the working body of the National Security Council (NSC), which is chaired by the Prime Minister.

In this article, we have curated a list of the best probiotic supplements in India which are readily available on Amazon. Dive in the article to find the one that suits you best and place your order using the buying link shared in the article below.

QI Research CEO Danielle DiMartino Booth and Parametric Managing Director for Fixed Income SMA Nisha Patel discuss the impact inflation is having on the U.S. economy on 'Making Money.'

AstraZeneca admitting in a UK court that its Covid vaccine can cause blood clots in rare cases, a group of doctors on Thursday expressed deep concern over the safety of the Covishield vaccine manufactured by the Serum Institute of India. At a press conference, the doctors, under the banner of the Awaken India Movement (AIM), urged the government to review the science behind all Covid vaccines and audit their commercialisation as well as implementation of active surveillance and monitoring mechanism to ensure vaccine adverse events are identified as early as possible. «The government has wholly ignored the rising number of cases of tragic deaths post-Covid vaccination all the while and continues to promote Covid vaccines as 'safe and effective', without scientific investigation and invoking epidemiology,» Dr Tarun Kothari, a radiologist and an activist, said at the press conference. The world is learning about a side effect of the Covid vaccine called Thrombosis with Thrombocytopenia Syndrome (TTS), he said.

mutual fund KYC (know your customer) rules came into effect from April 1, around 3% of MF accounts have ‘KYC Hold’ status, stated the Association of Mutual Funds of India (AMFI) on Thursday. While noting that the mutual fund industry is addressing concerns for a smooth KYC process, AMFI CEO Venkat Chalasani said, “Together with AMCs, distributors and other stakeholders, we are committed to facilitating a seamless KYC validation process for all, thereby ensuring the integrity and accessibility of mutual fund investments across the board.” “If KYC was to be an issue, then you clearly would have seen a downtick in transaction count. Amounts may not necessarily be the best indicator. It is really the number of transactions. And I think we have to, from a perspective of the industry, thank the regulator as well because they have also been pushing all of us, AMCs, MFDs, RIAs, etc, to make sure we handhold the customer,” said Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund.

Honda R&D (India), a unit of Honda Motor Co, on Thursday said it has commissioned a new R&D centre in Bengaluru to accelerate electrification in India. Honda has set a global target of achieving carbon neutrality in all its products and corporate activities by 2050. The company is working to make a wide range of its products carbon neutral in terms of their power sources. In the motorcycle business, Honda is aiming to achieve carbon neutrality for all its motorcycle products during the 2040s, Honda R&D (India) said in a statement.

The country’s largest paint-maker saw demand in rural regions impacted due to inflationary pressure, contracting volume growth but reported a double-digit growth in urban areas.

fashion brands is a matter of concern as they contribute 50% of the business of Nexus Select Trust which operates 17 malls across the country with over 10 million sq ft of space, Dalip Sehgal, Executive Director and Chief Executive Officer told ET. Blackstone backed India’s first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to take the total portfolio to 20 malls and 11 million sq ft. “The way fashion brands are doing is a matter of concern for us but other category such as electronics and beauty are growing by 18-20% and helped us in achieving the target. In fashion segment also, some of the D2C brands are doing really well so the existing brands need to reinvent and I believe the second half of the year will be better,” said Sehgal.

ICRA, India's domestic tyre volume growth is expected to moderate to 4-6 per cent in FY2025 from an estimated 6-8 per cent in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment. ICRA anticipates domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like passenger vehicles (PV) and two-wheeler as well as replacement to remain healthy, supporting overall tyre volume expansion in FY2025. While revenues would expand by 5-7 per cent in FY2025, high natural rubber prices and increasing crude prices are likely to moderate the tyre industry’s margins by 200-300 basis points (bps) in FY2025.

NEW DELHI : State-run lender Punjab National Bank plans to seek clarification from the central bank on whether its draft guidelines proposing higher provisioning for infrastructure financing would be applicable for small loans as well. “There is no need to panic," said PNB managing director and chief executive Atul Kumar Goel while presenting the bank’s results for the March quarter and the 2023-24 financial year.