Wellness Financial News

Nadir Godrej, Chairman, Godrej Agrovet, says outlook for the “cattle feed as well as aquafeed segments are good. We have a lot of premium cattle feed products now. We have done a lot of R&D in cattle feed, which is showing good results. Our products are being well received. They are more efficient products. So, with less feed, you get better milk yield and therefore they are more sustainable products also because you can produce milk with lower carbon emissions.” Let us begin by talking about palm oil prices. In the last month, there has been 11% rise. What is your outlook as to where prices could potentially be headed? Nadir Godrej: Palm oil prices had risen quite a lot. They were expected to rise because they were quite low and there was a lot of demand and high production of other oils such as soybean oil and sunflower oil. But now the palm oil prices have reached the level expected and we do not really expect any further big increase. Of course, there will be small fluctuations, but generally speaking we expect fairly steady prices for quite some time.

Airtel and Reliance Jio, found themselves on a new battlefront — the satellite communication or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Companies such as Reliance Jio’s JV with Luxembourg-based SES; Starlink; Amazon; Bharti-backed OneWeb; and the Tata-Telesat combine are working on creating a constellation of satellites to deliver ‘broadband-from-space’ services in India. India's current telecom market has just two big players, Reliance Jio and Bharti Airtel, but satcom will attract more big players. Since satcom does not require installation of towers on earth, the entry barrier is not as formidable as it is in traditional terrestrial mobile telecom.

govt securities by logging on the website. As per the RBI Governor, «The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. „ As per the statement given by RBI, “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.»

Angelina Jolie has alleged that her ex-husband Brad Pitt was abusive toward her much before the 2016 plane incident that led her to file for divorce. According to 'Page Six', the document, submitted by the legal team of the 'Maleficent' actor on Thursday reads, «While Pitt’s history of physical abuse of Jolie started well before the family’s September 2016 plane trip from France to Los Angeles, this flight marked the first time he turned his physical abuse on the children as well. Jolie then immediately left him.»

Pashupati Advani of Global Foray says pharma is back in fashion again. With the pricing pressure in the US to lower drug prices, it is going to be the day of the generics again and India will be back in that space and we are seeing it already. Coming to IT, Advani says: “I am not as wild about IT names. However, with the dollar getting stronger against the rupee, they are going to make money without doing anything. I actually see a big move with ChatGPT, AI, stuff like that which is actually going to hurt our IT names unless they are able to move fast.” Let’s talk about FMCG stocks because Dabur on Thursday had a fall that came in from that front as well. Nothing in terms of a participation is coming in for the FMCG pack, even when we are seeing a bit of a run up. What should one watch out for from the FMCG sector? Pashupati Advani: The FMCG sector has chugged along and has been the first place to put money because we need the FMCG to go. But it looks like there is some pushback from the organised sector. I do not know whether it is actually getting replaced by the unorganised sector or if there are new players, because we are seeing downtrends in Lever, Dabur and other big names.

“Market valuations would be one of the key risks for Indian markets, which could lead it to give relatively subdued returns in FY25,” says Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life. In an interview with ETMarkets, Reddy said: “We remain optimistic on the 1) pharmaceutical sector, particularly companies involved in exports of generic medicines on the back of improved pricing environment in the key US market,”. Edited excerpts: We have closed FY24 with double-digit gains. How do you see markets in FY25? Sampath Reddy: The Indian equity markets have fared well in FY24 and have been one of the top-performing markets over the medium to long term as well.

Anand Tandon, Independent Analyst, says “going forward, oil is something that one needs to watch out for. We should be expecting an increase in energy costs because of the fact that despite subdued production, despite the fact that there are global issues which are preventing free flow of oil, despite all of that, the prices were remaining well under control and we had significant cutback in terms of production, I think that will now begin to show up in higher prices as we are already seeing.” It seems the markets are ignoring what is happening in the commodity universe so far. Do you think if crude goes above $90, the equity markets will begin to feel the heat? Anand Tandon: Well, yes, there is no doubt that if the oil prices were to continue to sustain higher, there will be some pressure on the economy. For now, at least, the quarter that has just ended will actually show commodity prices being relatively lower and therefore, most of the manufacturing companies will show increased operating margin.

Taxes and death are two of life’s great certainties, we have always been told. The record of both, however, suggests they could also be great oddities, the kind that make jaws drop in wonder. Take taxation, the less morbid of these two.

dollar held steady against peer currencies on Friday after rebounding from a two-week low, as traders braced for a key jobs report due later in the day and grew cautious over tensions in the Middle East. The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency.

The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year

There’s a race underway to build artificial general intelligence, a futuristic vision of machines that are broadly as smart as humans or at least can do many things as well as people can

Donald Trump left the White House facing a cash crunch that threatened his business empire

About 2 million Black & Decker-branded clothing steamers are now under recall after consumers reported dozens of burn injuries that resulted from hot water spewing out of the devices

Jennifer Pan who was involved in planning a home invasion to get her parents killed. Jennifer Pan, a Canadian woman hired a hitman in the area around her parents' home and planned a home invasion to kill her parents.

One of the most commented upon displays at Asia’s biggest art show, Art Basel Hong Kong, was a video art work called Cut Suits by Fuyuhiko Takata. It featured half a dozen male models solicitously bending over each other with scissors in their hands and cutting up their suits till they end up bare chested with their clothes in tatters. It looked as if an otherwise disciplined Japanese executive had suffered a mid-life crisis and lost even his sense of propriety.

₹5-15 crore had changed firms and are now regretting their calls. They are available in the market, but are not in a hurry to take up another offer," Raina said. "Over the last 6-8 months, while mandates have opened up, companies are talking long to close positions," said Anshuman Das, chief executive and co-founder of Careernet, a talent solutions provider.

Rafael Nadal withdrew from the Monte Carlo Masters on Thursday, where the 22-time Grand Slam winner was expected to make his ATP Tour comeback. «Unfortunately I have to tell you that I am not going to be playing in Monte Carlo. My body simply won't allow me,» said the 37-year-old Spaniard on social media. The record 11-time Monte Carlo winner missed virtually all of the 2023 season through injury and has only played at the Brisbane International this season, where he felt a hip injury flare-up.

Bitgert is now the talk of the industry due to the high level of returns it has given to investors. Investors have seen a mouthwatering profit of over 100% ia single day by having Bitgert coin in their bags. 

UK's prominent Indian student representative organisations on Thursday began a new "Fair Visa, Fair Chance" campaign in favour of the post-study Graduate Route visa, which has proved hugely popular with students from India since its launch around three years ago. The National Indian Students and Alumni Union (NISAU) UK, which had originally campaigned for the visa that allows international graduates the chance to gain work experience for two years after their degree, fears the ongoing review of the route would reverse the progress made. The independent Migration Advisory Committee (MAC) has been commissioned to review the Graduate Route visa by UK Home Secretary James Cleverly to ensure it is «fit for purpose» and is expected to report by next month. Do you meet the immigration criteria? Check here «The ability to work for two years post-graduation helps international students to earn money to help pay for their degrees and enable some to get valuable work experience as well as to continue to build strong links with the UK,» said Lord Karan Bilimoria, Co-Chair of the All Party Parliamentary Group (APPG) on International Students and patron of NISAU UK.

Justin Bieber have dispelled the speculation surrounding their relationship and emerged stronger than ever. Reaffirming their commitment amidst whispers of marital discord, they have reportedly told 'People' that they are doing well. Hailey recently took to Instagram to reject the divorce rumors and shared intimate snapshots of cherished moments. Quoting an unnamed source, the magazine wrote, «There’s no divorce and no truth to that whatsoever. They are very, very happy.»

Punjab Kings' Kagiso Rabada dismissed Gujarat Titans' Wriddhiman Saha as the Kings are facing the Shubman Gill-led team. A wicketkeeper batsman, Saha, managed to score 11 runs from 13 balls before Rabada dismissed him for the fourth time in the IPL. It was the final ball of the third over, when Rabada bowled a good length ball, pitching on off stump and Wriddhiman Saha playing within his crease, attempts to whip the delivery over mid-wicket.