Wellness Financial News

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Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people aware of the matter. VLCC’s nearly 78% surge in valuation in just 12 months is the key trigger for Carlyle to take some money off the table, the people said. Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands.

The Supreme Court issued an interim stay on a Karnataka high court order which had allowed ‘board examinations’ to be conducted for classes 5, 8, 9 and 11 in schools in Karnataka. It also said that for the examinations that had already been conducted, the results may not be communicated to anyone at all. However, some of the results had already been announced before the Supreme Court issued its order.

natural gas in the energy mix to 15% by 2030, said GAIL chairman Sandeep Kumar Gupta. In an interview to ET's Sanjeev Choudhary, the former finance chief of Indian Oil Corporation, who took over as the chief of India's largest gas marketer and transporter in 2022, said the government should mandate the use of natural gas in refineries and steel making, and make emissions a factor in the merit order for electricity despatch to help gas-based power compete with coal-based supply. He also said natural gas should come under the goods and services tax (GST) regime, production-linked incentive (PLI) should be extended to LNG-powered vehicles and GST on CNG-powered vehicles should be slashed to 5% from 28%, on a par with electric vehicles (EVs). Edited excerpts: How does the global gas market look? The global gas market is well supplied and there is no concern about LNG prices. The OPEC+'s arbitrary production cuts, however, have an impact on LNG prices that are linked to crude oil. The situation can correct if the producer group reviewed its decision and took responsible action.

EPFO) to at least ₹21,000 from ₹15,000 now to widen the social security coverage, a step towards achieving universal social security. The proposal, which has been on the backburner for several years now, is being re-looked at. «We are evaluating all options and a decision in this regard could be taken by the new government,» the official said. The government is of the view that strong balance sheet of India Inc will help cushion the extra financial burden that enterprises will incur due to enhanced wage ceiling, a senior government official told ET.

upmsp.edu.in or upresults.nic.in. or result.upmsp.edu.in.

—Name withheld on request

The listing comes shortly after eesee’s latest mainnet launch with over 1.6 million wallets connected to its gamified digital assets trading marketplace. 

India's market capitalisation reaching ₹400 lakh crore, followed in quick succession by the benchmark Sensex cresting 75,000. It's a double whammy worth a doubly good cheer. The three immediate takeaways from the twin peaks are the speed of the rally, its breadth and the investors driving it.

US economy is on track for a soft landing, but there are plenty of risks that could change the trajectory. “We like taking profits on technology and moving toward other sectors," the official told Bloomberg in an interview. In the tech industry, “the risk-reward profile is skewed to the downside," she added.

Scorpion Casino has officially announced its listing schedule following its incredible Pinksale Launchpad sale.

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.

IPL 2024's official website. Suryakumar Yadav shared the difficult phase when he was facing multiple medical issues and injuries which forced him to stay out of the ground. The explosive batter emphasized the importance of keeping one's diet good and getting adequate sleep.

Vogue India. However, the ‘Crew’ star’s fans are less than impressed. Some of the photos featured the actress in an outlandish look. She was seen sporting electric blue eyeshadow curly hair and gigantic silver earrings. Dressed in a black and white striped outfit, she exuded confidence. However, her fans on Instagram did not react well to her brand-new, experimental look and accused the fashion magazine of doing the actress ‘dirty’. Reacting to the pictures, one Instagram user remarked, “Massively unflattering makeup/pics for someone so beautiful." Another wrote, «Why such makeup?» Another demanded to know who created this look. “Who decided on this God-awful makeup...” read the comment. Another fan lamented and wrote, «What have you done to her?!» Another comment read, «These are the photos you delete. she's so gorgeous you guys took a lot of effort to beat that.»

₹2 per litre last month, while prices of food, especially those of vegetables, are expected to moderate in line with seasonal trends. Additionally, core inflation, which excludes food, and fuel and light groups, is expected to continue its downward trajectory and may come in below the 4% mark for the fourth consecutive month.

Serbian president says his country is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets in what would mark a shift from its traditional arms supplier Russia

Beyoncé has made history once again

Hundreds of food service workers at the Wells Fargo Center in Philadelphia are staging a one-day strike as contract negotiations continue with the firm that operates concessions at the stadium

«The structural growth opportunity which we say for the speciality chemical players, especially in names like CDMO, China plus one, Europe's energy crisis and Europe plus one, all those structural growth driver were there in last one year also and even right now also we see that they remain intact,» says Rohan Gupta, Nuvama Institutional Equities. What is your sense? Has it bottomed out because for the longest time speciality chemicals have been dealing with one headwind or another. Finally, is there light at the end of the road? Yes, first of all, you are absolutely right that the speciality chemical sector has been quite a lot of disappointment for their investors in last four to six quarters. The sector has not participated in the entire rally while we are seeing that the midcaps and smallcaps are making new highs. This sector has definitely not performed well.

Shilpa Rout, Derivatives Analyst, Prabhudas Lilladher, says Coal India is one of the top picks had today. The other one would be SRF which is also showing a lot of momentum. The chemical and fertiliser space is buzzing very strongly. And from here, SRF can touch Rs 2,750 to 2,800. It has already run up from the time I have been giving this recommendation. But yes, on every decline towards 2,640 also, we can buy. Let’s keep a stop loss at Rs 2,600 or just below that, maybe Rs 2,595 and look for targets towards Rs 2,800. What are you expecting in Nifty and Nifty Bank? Nifty has crossed the 22,700 mark/ Any particular level that one should watch out for as a support and a resistance for the Nifty? Shilpa Rout: We see that there is a resistance at around 22,800 and until and unless we breach on the upside from here, we might not see 22,000, 23,200 coming in very easily. However, there is a limited downside. We have a very strong support at 22,500 as well. So, any sort of dip that you get intraday or maybe a couple of days towards 22,500 should be a buying opportunity and to go long for 22,800 to 23,000 to 23,200 as well.

Naad Wellness, a luxury resort firm, said the concept of wellness retreats has gained significant momentum post-pandemic and global health crisis served as a wake-up call, prompting a shift towards prioritizing holistic living and overall well-being. The company that started its operations in 2018, has around 50-60% occupancy at its property in the National Capital Region(Delhi NCR). It is exploring targeted marketing initiatives, strategic partnerships, and innovative wellness programs to further enhance occupancy levels. «The pandemic has brought about profound changes in travel and hospitality trends, with a heightened emphasis on safety, hygiene, and wellness. Travelers are now more discerning, opting for destinations and accommodations that prioritize health and rejuvenation. Additionally, there has been a surge in interest towards secluded, nature-centric retreats, reflecting a desire for solace and introspection amidst the chaos,» said Ramesh Kumar, managing director and co-founder at Naad Wellness.