Wellness Financial News

emat account indispensable for participation. A demat account not only facilitates trading but also serves as a repository for various securities. In addition to shares, it can hold debentures, sovereign gold bonds, ETFs, government bonds, mutual funds, tax-free bonds, certificates of deposit, and more.

As banks cast around for additional costs to cut in the absence of a big rebound in revenues, a particular kind of person is at the top of their chopping lists: the one who was hired at the height of the pandemic. 

2023 was a bad year for Goldman Sachs employees in London.  But it could have been worse. 

Hopefully, Deutsche Bank paid Alok Modi well last year. Following the disappearance of various members of the European rates trading team, people at the German bank in London are gripped with apprehension that Modi might go too. 

ALSO READ: Zerodha's Nikhil Kamath on being a school dropout: ‘Felt insecure…’ The company was valued at approximately $34 million post-funding. The company will use the funds towards enhancing the talent pool, developing tech-enabled customer experiences, bolstering product and design R&D, improving farm-level infrastructure for speciality green coffee and fine cacao beans, and launching new ‘ready to drink’ coffee products. Subko is also planning to launch flagship experience cafes in different formats across select cities in India and globally.

Bank of America unveiled a new shelf of investment products to help its clients address the thorny problem of achieving sustainable retirement income.

₹ 1 lakh per 10gm. That is approximately 50% higher than today’s level. While I don’t know whether this target will be met or not, I am certain that the way investing in gold is being approached now (and also in the days and weeks to come), is probably going to be sub-optimal.

Stock market today: Zomato share price has been in an uptrend for the last one year. After bottoming out at around ₹50 apiece around a year ago, Zomato share price has remained an ideal 'buy on dips' stock for stock market investors. Zomato share price today opened upside and went on to touch an intraday high of ₹183.40 per share level on NSE, logging over 250 percent rise in the last one year.

Investors looking to ride the artificial-intelligence wave have turned their eyes to a sleepier corner of the market—companies that own and operate power plants. Is the run-up justified? AI hype has helped lift Vistra stock 85% year to date. That falls short of Nvidia’s eye-watering 92% surge, but is far greater than the 12% lift that Microsoft has seen over that time.

export AI to poor countries, in the hope it might improve everything from schools to health care. Researchers around the world are therefore working to make AI more multilingual. India’s government is particularly keen.

Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS believes earnings of Nifty 50 may grow by almost 20 per cent by the end of FY24 and the Nifty 50 may deliver a healthy double-digit return in the low to mid-teens in FY25. In an interview with Mint, Kulkarni also shares his views on several sectors and how the markets could behave after the General Elections. Edited excerpts: The market expectations are quite evident.

IIFL Finance, the country’s second-largest gold loan non-bank finance company (NBFC), from disbursing fresh gold loans. This comes on the heels of the finance ministry last month asking all banks to review their gold loan portfolios, according to news agency PTI. The ministry flagged issues strikingly similar to the IIFL case, including inadequate collateral, repayments in cash, and problems around collection of fees.

Adani Green Energy Gallery' at London's Science Museum, Gautam Adani, the chairman of the Adani Group, unveiled the group's renewable energy arm, Adani Green Energy, as the driving force behind this transition. He emphasized the company's commitment to taking care of the planet not just for the present generation but also for generations to come.

Investing.com-- Gold prices fell slightly in Asian trade on Tuesday as anticipation of key signals on U.S. inflation and the Federal Reserve dissuaded big trades, while recent strength in the dollar also weighed.

₹3,355.50 apiece on the BSE. UBS maintained its positive stance on IndiGo considering the strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. It maintained a Buy rating on IndiGo shares and raised the 12-month target price to ₹4,000 per share from ₹3,900 earlier, implying an upside of more than 21% from Friday’s closing price.

Investing.com-- Shares of China’s Contemporary Amperex Technology Co Ltd (SZ:300750), also known as CATL, rose on Tuesday after reports showed the company was in talks with Tesla Inc (NASDAQ:TSLA) and other U.S. automakers to potentially license its battery technology instead of building a plant there.

Investing.com-- Most Asian currencies tread water on Tuesday, taking little cheer from a softer dollar as traders remained cautious ahead of more cues on U.S. inflation and the Federal Reserve this week.

terrorist attack at the concert hall in Moscow was carried out by ISIS at Crocus, the United States said that there is no evidence that the Ukrainian government had anything to do with this attack. White House Press Secretary Karine Jean-Pierre said on Tuesday that this terrorist attack was conducted by ISIS and Russian President Vladimir Putin understands that.

Read here. Shiv Sena (UBT) leader Sanjay Raut announced on Monday that the party's initial candidate lineup for the upcoming Lok Sabha elections in Maharashtra will be officially disclosed on March 26. The list, representing the opposition party led by Uddhav Thackeray and a member of the Maha Vikas Aghadi (MVA) coalition in the state, is expected to include around 16 names.

banks and the Central Bureau of Investigation (CBI) over ‘old’ cases of ‘fraud’. The central agency, it is understood, is insisting on what could be a retrospective application of last year’s Supreme Court (SC) ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. However, in several old cases where the accounts were tagged as ‘fraud’ well before the SC ruling, CBI has asked banks whether the borrowers were granted the opportunity to explain their position, a senior industry person told ET. Bankers are unwilling to go back to these past matters. “We believe banks are not required to do this as the decisions to categorise the accounts (as fraud) were taken before March 2023 (when the apex court spelt out its stand). Banks are of the view that the ruling is not applicable to old matters. But the agency has referred quite a few old cases back to banks, asking them if borrowers were accorded a hearing,” said another person.

first hauled to court two months ago on two graft charges, 24 charges of receiving gifts as a public servant and one of obstructing justice. Iswaran, 61, pleaded not guilty to obtaining 10 bottles of whisky, 12 bottles of wine and other items from November 2021 to November 2022 from Lum Kok Seng. The items were worth a total of nearly 19,000 Singapore dollars ($14,000).