Wellness Financial News

Minor Hotels, a global hotel owner and operator with more than 540 properties in 56 countries said on Thursday that it plans to expand its presence in the Indian hospitality market and is targeting 50 new openings within the next decade. The group said it will focus its strategy on the upper-upscale and luxury hotel segments, where it expects strong interest from owners for its Anantara, Avani, and NH Collection brands. Minor said for Anantara Hotels & Resorts, the group is building on 'core brand differentiators' by targeting opportunities in Ayurvedic wellness retreats, wilderness lodges, and historical palaces. It also believes Avani Hotels & Resorts is well positioned to fill a significant gap in the lifestyle hotel space across India, while NH Collection Hotels & Resorts will prove attractive for upper- upscale conversion opportunities.

₹1.53 crore, this high-performance coupe is now available for booking through BMW's dealership network as well as online. The latest model features cosmetic enhancements, updates to the cabin, and mechanical tweaks to elevate the driving experience. The 2024 M4 Competition M xDrive features updated bumpers and adaptive headlights and taillights that take cues from BMW's M4 CSL.

Plans have been announced for a strategic partnership that will enhance the U.S. private wealth distribution channel of real assets investment firm The Townsend Group which advises clients with $218 billion in assets.

India is one of the «fastest-growing markets» for online accommodation hosting platform Airbnb and the country has the potential to be among its top 10 global markets in the coming years, according to its Chief Business Officer Dave Stephenson. The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs. «It (India) is one of our growth markets and we see a huge opportunity for growth in India in the future. In India, nights booked grew by almost 30 per cent YoY (Year-on-Year) in 2023 compared to 2022, which is a positive sign,» Stephenson told PTI.

Sunita Kejriwal said that her husband, Delhi Chief Minister Arvind Kejriwal, has been 'forcefully' jailed for the last 40 days. "It's clearly a dictatorship. He is well read, patriotic and truthful person.

In a stock exchange notice today (2 May), the trust said he would be succeeded by Columbia Threadneedle portfolio manager Mine Tezgul, who the directors said was «very well suited» to deliver performance.  «The board will continue to monitor performance closely and looks forward to working with Mine and Lucy Morris, who will continue in her role as investment manager supporting the lead investment manager,» the directors said. «The board wishes to place on record its thanks to Sam for his commitment to the company since his appointment as lead investment manager in 2011 and wishes him...

In an interview with the FT, FCA chief executive Nikhil Rathi said he is «not convinced» that the sector, which has grown to manage $8trn in assets, presents a systemic threat. This follows a warning from the BoE last week that lenders were not properly measuring their exposure to the sector, as well as previous concerns raised by the central bank relating to private equity's leverage, transparency and valuations.  Bank of England official raises alarm over private equity use of NAV loans as exits slow «What I do think is important is that the [private equity] industry does not nic...

coffee consumption. The company said India is one of its fastest-growing coffee markets. Today, premium products account for 12-13% of the company’s sales—Nestle expects this number to touch 15-16% in the medium term and 20% in the long term, said Suresh Narayanan, chairman and managing director, Nestlé India said.

₹2,390 crore/$2.2 per barrel in Q4, despite the sharp rise in end-of-period crude prices by $9.4 per barrel," said Hemang Khanna, analyst at Nomura Financial Advisory and Securities (India) in a report on 1 May. For perspective, the brokerage had factored crude inventory gains of ₹1,400 crore/$1.3 per barrel. Accordingly, IOC’s reported gross refining margin (GRM) in Q4 came in at $8.4 per barrel, missing analysts’ estimates.

Securities and Exchange Board of India (Sebi), recently said "We know the entire story about how the shampoo market in India exploded when it moved from bottles to sachets and people could afford to buy a ₹1 sachet or ₹2 sachet of shampoo, but could never have afforded to buy ₹100 bottle, the market just exploded". Its heartening to see what happened in consumer goods is now getting replicated in financial markets as well. The new entrant in this trend are—bonds.

Multibagger stock: Shares of Lagnam Spintex Ltd are one such example in the Indian stock market. The NSE-listed SME stock has been in an uptrend after bottoming out at around ₹107 apiece on 13th March 2024. However, the small-cap multibagger stock still has some upside steam.

₹41,000 in India. This pricing suggests that the new device might be in line with the previous Pixel 7a, which was launched at ₹43,999 for the 128GB storage option. The leak also reveals that the Pixel 8a will likely have a 256GB storage variant priced at $599, translating to about ₹50,000, reported Smartprix.

Under the OFS, Rajendra Kumar Setia, Rajendra Kumar Setia HUF, Evolvence Coinvest I, Evolvence India Fund III Ltd, Norwest Venture Partners X – Mauritius, TPG Growth IV SF among others will offload shares.

Indus Towers collected an extra Rs 360 crore from Vodafone Idea (Vi) towards old dues including interest, but its trade receivables increased by Rs 430 crore sequentially in the FY24 March quarter, indicating a Rs 60 crore shortfall in collections from its key client, analysts said. They added that despite part-clearance of old dues, Indus’ trade receivables have risen sequentially to Rs 6,450 crore in Q4FY24 as the actual collection of Vi’s past outstandings happened in April 2024. “The Rs 430 crore increase in Indus’ trade receivables is due to a timing difference and the amount was subsequently collected in April,” Kotak Institutional Equities said in a research note.

Punit Lalbhai, VC & Executive Director, Arvind, says, «We are rapidly decarbonizing our energy footprint. So, a lot of renewables, we are replacing fossil fuels for thermal energy using agro waste, so sustainability is a very, very strong theme. So, I think these are the couple of big themes right now — consolidation, more verticality, and a huge focus on sustainability.» «In the 80s, I think when my father started getting very active in the business, he realised that traditional textiles were under a lot of pressure from the unorganised segment. So, he had this vision called Renovision, where he reinvented the company and pivoted it to an export-oriented model and that has what made Arvind the largest denim company in the world,» says Kulin Lalbhai, Executive Director, Arvind Ltd. How would reflect on the journey of the Arvind Group? Kulin Lalbhai: If we just go back to the journey of this group, I think one definition or one pattern has been that we have had a constant reinvention. I think for any business to survive for 100 years, you have to constantly change and as you said when we started out, when the whole Swadeshi movement was there, we were producing a lot of traditional textile clothing. In the 80s, I think when my father started getting very active in the business, he realised that traditional textiles were under a lot of pressure from the unorganised segment.

Saran Lok Sabha seat, once held by her father, Rohini Acharya, daughter of RJD supremo Lalu Prasad Yadav, faces competition from a namesake of her father. Laloo Prasad Yadav, a local farmer from Bihar's Saran district, known for his penchant for contesting elections, has thrown his hat into the ring as a candidate of the Rashtriya Jansambhavna Party (RJP) for the Saran Lok Sabha seat. He submitted his nomination papers on April 26. Laloo Prasad Yadav's history includes previous bids for higher office, such as filing nominations for the 2022 Presidential polls and the 2017 Presidential polls, where his papers were rejected due to insufficient endorsement. Speaking to PTI over the phone, Laloo Prasad Yadav expressed confidence in his electoral prospects, citing his longstanding engagement in agriculture, social work, and his recurrent participation in electoral contests. «I have been contesting Lok Sabha polls from Saran constituency for the last several terms. I had contested against former Bihar chief minister Rabri Devi as well. This time, I am contesting against her daughter Rohini Acharya,» Yadav told PTI, further expressing optimism about securing victory.

Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research, Axis Capital, says “in the next three to five years in this same style, we could see very aggressive capex and industrial policy coming in from China and the return on assets, on capital intensive assets in China is already back to 2002 levels. It is quite possible it keeps falling. Imagine then what other countries have to do. Do we have policies to counter that? We need not get overly protectionist, but we need to be very agile in responding to this. Is it ready for this type of global economy which is very different from what we saw from the early 90s to say around 2015-16? There are several new challenges that we need to cope with.” India of yesterday, India of today and India of tomorrow. Where should we start? Neelkanth Mishra: Even to understand where we are headed, we need to have some handle on where we have come from and what we have done and where the platform has been set for the growth in the next three to five years. And then of course, the work that we do in the next three to five years will set the stage for what happens in the five years after that.

It is that time of the year when you can look forward to the much-awaited annual bonus. You may have already made plans on how to spend it. However, this year, rather than spending the bonus on buying the latest mobile, gadget, vacation, etc., use it differently. In this article, we will look at seven ways of using the annual bonus to accelerate your financial planning journey.

Indian stock market today: Global equities witnessed a strong rebound after the US Fed meeting, which signaled a willingness to go for a rate cut once there is an ease in the inflation concerns. On Dalal Street, the frontline Indian indices and broad market witnessed buying interest during morning deals, which are still underway.

Having a resilient investment portfolio tailor-made to each life stage is essential for financial security and success. During early adulthood, the goal is to invest for financial growth, considering that income is low relative to their future. Investments are risky, but yield the financial benefits needed. Mid-life calls for a balance of stability and growth, with investments primarily going into real estate, bonds and other stable growing investments.

Question: As the new financial year has commenced, kindly guide us on the requirement for submission of Forms 15G & 15H by the taxpayers to banks. Who are the eligible taxpayers to submit the said forms? Further, what are the applicable deadlines for submitting these forms?