Wellness Financial News

Web3 gaming has often been hailed as a “game-changer” for the video games industry, yet to date very few blockchain games have made their presence felt. But that could be about to change, as the legendary developer Ubisoft – creator of Ghost Recon, Assassin’s Creed and other hit titles – has just released a gameplay trailer of its first-ever blockchain-based game, Champion Tactics: Grimoria . 

IDBI Bank on Tuesday said it has received a GST demand order of Rs 2.97 crore along with interest and penalty for alleged excess availment of input tax credit (ITC). In a regulatory filing, the private sector bank said the Dehradoon state tax department has issued an order under the GST rules pertaining to 2018-19 fiscal for alleged excess availment and utilisation of ITC.

S Jaishankar on Tuesday said India today is not only seen across the globe as "friendly and fair" but also as a "firm and fiery" nation that cares for its people and fends for them in crisis situations. Jaishankar made the remarks while speaking on the topic "Viksit Bharat @2047-The Voice of the Youth" at an event at the Delhi University's Hansraj college.

Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core brands as well as food, Parachute and all and also the premium part of value-added hair oils.” The commentary around rural recovery is gaining ground. What has been your reading with respect to how things are on the ground right now, especially on the rural front? Saugata Gupta: Last year, it was a combination of two factors. Obviously, rural demand was stressed. The premium part of the portfolio continued to grow. Having said that, we also saw a little bit of moderation in urban growth towards the second half of the year. What we now see is a slight uptick in rural growth towards the end of the quarter. The second thing which also happened is, at least in our portfolio, there was a lot of deflation in pricing that happened, a combination of price drops we took on Parachute and Saffola, as well as significant shrinkflation that happened in the value-added hair oils portfolio.

Polygon , a prominent Ethereum layer-2 developer, has introduced the alpha version testnet of its latest zero-knowledge (ZK)- rollup  solution named Miden.

For some, it's a bubble, for others, it's a huge investment opportunity. Bitcoin went a lot further than many would have imagined in January 2009, but it has yet to show its full potential. 

Three financial giants HDFC Bank, Kotak Mahindra Bank and Bajaj Finance, which is almost half of PMS fund manager Saurabh Mukherjea's Kings of Capital portfolio, are having a tough time. But the star stock picker isn't the one to switch sides when the going gets tough. «If you find a high-quality company where you have great faith in the quality of the promoter, great faith in the management, and the shares have come off to low valuations, you double down,» Mukherjea told ETMarkets in an interview. He also lists three reasons why Kotak Mahindra Bank, which has lost its valuation premium over regulatory and top management exits, will bounce back. Edited excerpts from a chat with Saurabh Mukherjea, Founder and Chief Investment Officer of Marcellus Investment Managers: Three stocks in your portfolio — HDFC Bank, Kotak Mahindra Bank and Bajaj Finance — have been in the news for RBI’s ire. How big do you think regulatory risk can be for lenders? Saurabh Mukherjea: With highly-regulated industries you have to accept the smooth with the rough.

The recent news on the re-introduction of inheritance tax has made a lot of people panic. However, it needs to be noted that news like this often circulates every few years.

Mint's request for a comment on the story. With geopolitical and policy uncertainties influencing partnership strategies, Indian companies are opting for technology transfers from China instead of establishing joint ventures.

Pulitzer Prize ceremony on May 7, honoring excellence in American journalism, literature, drama, and music. Widely regarded as the highest honor in their respective fields nationwide, this year's awards took place against a backdrop of extraordinary circumstances.

Shreyash Devalkar, Senior Fund Manager, Axis Mutual Fund, says “in the relative context, the three main segments by weight in the largecap are FMCG, private sector banks, and some parts of IT. Here the valuations compared to their pre-Covid level are not really elevated and that is where everyone is watching out for a turnaround. Any turnaround, whenever it happens, definitely is a good development for these sectors.” What are you making of the volatility which has suddenly sprung up? It has become a pattern almost that the day the markets hit a lifetime high, that very day they also fall quite a bit. Shreyash Devalkar: As far as markets are concerned, when it comes to the movement, which we have observed over the last 1-3 year basis is that most of the stocks are pricing in a lot of positivities and especially from the valuation perspective, they are at an elevated level in mid, small and a section of largecaps as well.

Tata Electronics Ltd has started exporting limited quantities of semiconductor chips packaged at a pilot line at its Bengaluru-based research and development centre, people familiar with the matter told ET. These packaged chips are being shipped to some of Tata Electronics' partners in Japan, the US and Europe, the people said. This comes as the Tata group company lays the groundwork for its new chip packaging unit at Morigaon in Assam and a $10 billion chip foundry at Dholera in Gujarat.

Indian Overseas Bank (IOB) has put on sale 92 bad loan accounts totalling ₹13,472 crore, including Videocon Industries (₹900 crore), Frost International (₹839 crore) and Rotomac Global (₹750 crore), for a reserve price of over ₹4,000 crore. The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.

Grant’s Interest Rate Observer founder and editor Jim Grant discusses the financial instability the Federal Reserve is facing on ‘Maria Bartiromo’s Wall Street.’

Three surfers who went missing in Mexico over a week ago have been confirmed dead after their bodies were identified by relatives, Mexican officials announced Sunday.

Analysts at most top brokerages reduced or retained share price targets on Kotak Mahindra Bank after the company reported strong March quarter results. The stock jumped 5.02% to close at ₹1,624.4, emerging as the top gainer on the Sensex and Nifty on Monday. Analysts said despite the short-term challenges, the bank's valuations are attractive compared to its peers given its sector-leading metrics on key parameters. Regulatory relief and top management stability will be key catalysts in the near term.

In February, Robinhood disclosed that it had received subpoenas from the SEC related to its cryptocurrency listings, custody and platform operations.Now it has been sent a Wells notice, which are usually issued to warn companies that the SEC has enough information to take enforcement action.“After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our US crypto business,” says Dan Gallagher, chief legal, compliance and corporate affairs officer, Robinhood in a blog.Gallagher, a former SEC commissioner, adds: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.” The company adds that it has already made "difficult choices" to not list some tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms.It has stopped support for Cardano, Polygon and Solana on June 27, which were named as securities in SEC lawsuits against Binance and Coinbase.

Sports manga is one of the leading genres currently followed by fans, and Blue Lock with its first season itself managed to steal hearts. The Blue Lock manga comic itself was one of the biggest-selling series of all time in November 2023 in terms of circulation. Keeping up with that legacy, the first season of the TV series produced by Eight Bit, which was aired between October 2022 to March 2023, also became an insane hit in the sports anime genre.

replace First Minister Humza Yousaf as the leader of the party. The SNP has been in turmoil since long-serving First Minister Nicola Sturgeon abruptly stepped down last year during a campaign finance investigation that eventually led to criminal charges against her husband. Swinney, 60, who joined the party at age 15, will try to bring stability to the SNP as it fights efforts by opponents to weaken it going into U.K.-wide parliamentary elections expected later this year.

Most discussions around retirement focus on how much money you need to save to live comfortably in your post-work years, and how much you can withdraw annually from your investments without too much risk. These are questions that both aspiring retirees and their financial advisers strive to simplify. The problem is there is no universal method to determine the answers, and the guidelines may overlook other important considerations.

Eisler Capital, the smallish multistrategy hedge fund with aspirations to be much bigger, is hiring people. But it probably won't be using search firm Monroe Partners to do it.