Wellness Financial News

The compliance function in banks is the nerve-centre that performs a vital role in preserving organizational resilience and stability. Equate it to our cardiovascular system. Just as a weak heart can debilitate the body, even result in a sudden demise, so can inept and deficient compliance take a toll on a bank’s health, with serious implications for the entity as well as the financial sector.

₹22,000 per scooter to a maximum of ₹10,000 per scooter. This can lead to a price hike of ₹1,000-5,000 per scooter, where prices range from ₹80,000 to well over ₹1.5 lakh (ex-showroom).

Arvind Kejriwal being remanded to ED custody, and earlier this week to judicial custody, till April 15, while AAP MP Sanjay Singh was granted bail by the Supreme Court on Tuesday after almost 6 months in jail, there is much political drama that has unfolded. Various factions are hurling allegations against each other, including that of misuse of enforcement agencies to intimidate opposition leaders. So, the common man may well end up asking: is the law different for politicians? With a record number of undertrials languishing in judicial custody, we witness an outcry when a politician is remanded to police or judicial custody. The law happens to be the same for all. An accused, in most cases, is remanded: When prosecution is able to demonstrate substantial evidence about his or her involvement in a criminal offence.

Elon Musk’s X, the platform formerly known as Twitter, has named a new head of safety nine months after the last executive to hold the position departed from the social media company

Amazon said Wednesday it's cutting hundreds of jobs in its cloud computing unit AWS as part of a strategic shift

The Genesis GV80 made quite a splash when it entered the midsize luxury SUV segment

Purchasing a home is a significant life choice and financial investment. Fortunately, numerous lenders, including banks and housing finance companies, provide home loans with attractive interest rates to assist in turning that dream into a reality. Obtaining a home loan, particularly for a substantial amount, can be a complicated process. There are indeed challenges to address, such as meeting eligibility criteria and ensuring your finances are well-managed.

Mumbai, 3 April 2024 – Tata AIA Life Insurance Company – one of India’s fastest-growing life insurance companies has chosen SAS, a leader in AI and analytics, to help the insurance company in its adoption of the Indian equivalent of IFRS 17 reporting standards. The Insurance Regulatory and Development Authority of India (IRDAI) is expected to mandate a transition to the new reporting standards for Indian insurers, which will require the insurers to modernize and upgrade technology, especially data capabilities in risk and actuarial operations, to comply with the accounting reporting standards.

MUMBAI : Government reforms aiding the privatization of listed companies could help unlock greater value for investors in the Indian market, said Jonathan Gray, president and chief operating officer at Blackstone, one of the largest alternatives investors globally. "The government has done a lot of incredibly positive things. I think one thing that could help unlock the market here is an ability to take companies private, to help improve them, then bring them back to the market, maybe with more scale," Gray said during a media briefing in Mumbai on Wednesday.

The world’s most important semiconductor-manufacturing hub is also one of the world’s biggest earthquake hot spots, and it was put to the test Wednesday after a powerful quake. Taiwan Semiconductor Manufacturing—which makes chips for customers such as Apple and occupies a critical place in the global electronics supply chain—has prepared for years for a quake, drawing on lessons from a 2011 disaster in Japan among others. TSMC briefly evacuated some of its locations Wednesday and suspended work at some plants after an estimated 7.4-magnitude quake struck eastern Taiwan.

Stephen Gilmore oversaw some of the pension-investing world’s best returns at his country’s sovereign wealth fund. He’s now taking one of the industry’s hardest jobs: reviving the fortunes of the much bigger California Public Employees’ Retirement System.

Sheetal Cool Products Ltd.(up 7.34%), Future Consumer Ltd.(up 5.89%), JHS Svendgaard Laboratories Ltd.(up 4.79%), Varun Beverages Ltd.(up 4.72%), Zydus Wellness Ltd.(up 3.37%), LT Foods Ltd.(up 2.87%), Euro India Fresh Foods Ltd.(up 1.92%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.84%), Mrs. Bectors Food Specialities Ltd.(up 1.67%) and Dodla Dairy Ltd.(up 1.64%) stood among the top gainers.

private equity major Blackstone Group is confident of investing USD 2 billion annually in India, a top official said on Wednesday. Its chief operating officer Jonathan D Gray pitched for a slew of measures to improve the ease of doing business for firms like it in India, including quicker approvals on mergers and acquisitions, easier privatisation of listed companies, and improvements in dispute resolution in commercial matters. The New York-based group, which has been operational in India for nearly two decades, said Indian PE investments have delivered the highest return for it worldwide, and the investment in realty, which made it the largest landlord in the country, has also delivered well. «We plan to invest around USD 2 billion every year in India,» its senior managing director Amit Dixit told reporters here.

Manmohan Singh retired from Rajya Sabha on April 3 after serving 33 years in the Indian Parliament. Singh, 91, is credited for opening the Indian economy to global competition and regarded as architect of India’s economic liberalisation as Finance Minister in 1991. Later, Singh went on to become Prime Minister serving two terms between 2004 and 2014.

₹5,600-5,990 a quintal against a minimum support price of ₹5,440, while that of tur is quoted at ₹10,600-10,900 in key mandis of Karnataka and Maharashtra, as per data from spot traders. “Initially yellow pea import was till 31 March.

₹211 crore vis-à-vis ₹186 crore for VIP. Fairytale finish? Well, not so soon. VIP, seething with wounded pride, has charted a roadmap to claw back lost ground and reassert its dominance.

NEW DELHI : Vistara has blamed poor rostering for a wave of flight cancellations at the full-service carrier, warning it may have to curtail its network for May as well to gradually stabilize operations, two people aware of the development told Mint. Chief executive officer Vinod Kannan addressed Vistara's pilots on Wednesday following a string of flight delays and cancellations that left thousands of passengers stranded. Over the last two days, more than 100 flights of the airline have been cancelled and a large number of flights have faced delays, as disgruntled pilots have called in sick en masse.

Who says Rep. Alexandria Ocasio-Cortez has no influence? Her vision to mobilize a government Climate Corps to promote green politics is becoming a reality. President Biden wants to shrink the real Army, but his budget includes more than $8 billion for a domestic green political army.

Limelight Lab Grown Diamonds has received a strategic investment of US$1 million from two leading retail jewellery chains. The newly raised capital comes in the form of a strategic alliance that will enable Limelight to open new stores and boost its brand presence in the country. Before this, the company had secured an investment from the Emerald Group, Asia's largest jewellery manufacturer, as part of a strategic tie-up to establish Limelight as a one-of-a-kind vertically integrated brand to jointly manufacture, sell and distribute LGD studded jewellery in India and worldwide. The current investment plays a similar role in the company's strategic play to enable faster and more robust growth in the brand's store expansion in the country. At present, the company has 10 stores. It also has 40 plus shop-in-shops spread across 25 cities including Mumbai, Delhi, Jaipur, Varanasi, Hyderabad, Bangalore, Chennai, Kolkata and others. Madhavan said «We have received good response and support for LGD jewellery from customers across the country. It has also reflected in our sales and has given us the confidence to scale at a faster pace. With the Government’s impetus and focus on this sunrise sector, the investment further propels us towards achieving the goal of scaling our presence in India as well as globally.»

«So, regardless of what happened in the past month when people got a little worried about the impact on mid and smallcap due to some notification by the industry body or by a certain other notifications, I guess on average you have a decent medium term time horizon. Things are looking fine to us, we have enough ample opportunities to invest and we are looking for ideas all across,» says Harish Bihani, Kotak Mutual Fund. Just to get a sense from you, this entire debate which everyone is having is it going to be the year of a complete reversal from a largecaps of their underperformance or is it going to be a year of the continued momentum in midcap and smallcap, what is your view on the same. I think from a US perspective it is very difficult for anyone to take a call whether it will be a largecaps’ year or a mid or smallcap year. If you have a longer time horizon like next three to five years across caps, across sectors there is enough opportunity in the market today which is what market and the market participants have recognised over the past few years and that has kept the market buoyant.

Also Read: FY24 Market Review: Nifty Midcap and Smallcap surged over 60%; check best-performing stocks Does stretched valuations warrant a total exit from the small and midcap space. There is no straight answer to this as the answers are based on the investment phase the investor is in and based on his/her risk appetite and liquidity requirement.