Wellness Financial News

By Devayani Sathyan

₹86.2 trillion. Of this, ₹31.6 trillion flowed into fixed deposits of banks and other institutions, while ₹5.1 trillion flowed into mutual funds (MFs) and stocks, amounting to about 6% of the overall flow. Given this, the remaining 94% went into fixed-income investments, like life insurance schemes, provident and pension funds, fixed deposits and small savings schemes.

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday, coming under pressure from signs of a massive weekly build in U.S. inventories and a potential ceasefire between Israel and Hamas. 

Mumbai: Fire at BMC's water pumping station impacts water supply in THESE areas However, the BMC informed that two transformers and 15 pumps have now become operational at the Pise Water Pumping Station. Eight out of 20 pumps were started by 4 am on Tuesday. The supply resumed at low pressure from the Golanji, Rawali, Fosberry, and Bhandarwada service reservoirs, and six more pumps were started by 11 am on the same day.

A new study conducted by Edward Jones sheds fresh light on one critical, yet often overlooked aspect of family financial planning: conversations surrounding the transfer of wealth.

Bharat Highways Invit has opened for subscription today. The company plans to raise about Rs 2,500 crore by offering its units in the public offer. The net proceeds from the issue will be utilised for providing loans to the project SPVs for repayment of loans and for other general corporate purposes.

After-Hours Stock Movers:

Investing.com-- The S&P 500 closed higher Tuesday, as dip buyers helped tech cut some losses and better-than-expected quarterly results from Macy's and Lowe's pushed retail stocks higher ahead of a key inflation report later this week . 

Article 370 Box Office Collection Day 5: Article 370, Yami Gautam's latest movie, has been doing consistent business at the box office since its release. After having passed the Monday test and earned ₹3.25 crore net on February 27, the Bollywood movie earned ₹3.25 crore net on Tuesday as well. The movie was released on February 23 and collected ₹5.9 crore net in India.

$53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. The disclosure in a filing with the Securities and Exchange Commission raised investor qualms, depressing shares of both Chevron and Hess. Chevron's stock price fell 3% Tuesday morning before rebounding; Hess stock lost 4% of its value but bounced back slightly.

Elon Musk started imagining X as an ‘everything app’ that could do much more than just be a social media platform. Now the vision is gradually taking shape, and X is slowly evolving into a job-hunting platform as well. Recently the company revealed that over 1 million companies on X are looking to hire candidates.

By Lucia Mutikani

Investing.com — A mystery is swirling around Berkshire Hathaway (NYSE:BRKa) following its latest quarterly earnings.

While much attention has been given to Nvidia's (NASDAQ:NVDA) success in riding the AI wave, another stock poised to gain from this tailwind is Salesforce (NYSE:CRM).

MUMBAI : Hostile investors in Think and Learn Pvt. Ltd, the parent company of Byju’s, are likely to skip participating in the edtech firm’s $200-million rights issue that will conclude on Wednesday at midnight, people familiar with the developments said. Prosus NV, Peak XV Partners, General Atlantic, and Sofina SA had collectively filed a petition with the National Company Law Tribunal last week against the rights issue, seeking reprieve citing oppression and mismanagement of the company.

Edited excerpts from the interview: Currently, my investment portfolio is primarily focused on equity and debt instruments. I don’t hold any gold or real estate investments at the moment. Approximately 75% of my portfolio is allocated to equity, while the remaining 25% is diversified in arbitrage funds.

LPL has just helped a $1 billion team from Merrill Lynch launch their own independent practice.

Lattice Semiconductor (NASDAQ:LSCC) has been rallying sharply this month, rising over 23% despite posting Q4 revenues that fell short of estimates and issuing a disappointing Q1 guidance.

“When you sit down with your portfolio management team, and the first comment made is ‘this is nuts,’ it’s probably time to think about your overall portfolio risk. On Friday, that was how the investment committee both started and ended – ‘this is nuts.’” – January 11th, 2020.

NEW DELHI : The Indian Space Research Organisation (Isro) on Tuesday revealed the first four astronauts selected for India’s human spaceflight programme, Gaganyaan. The astronauts are test pilots with the Indian Air Force, and will be a part of the country’s first ever manned space mission that is scheduled for take-off by the end of next year. The astronauts—Group Captains Prashanth Balakrishnan Nair, Ajit Krishnan and Angad Pratap, and Wing Commander Subhanshu Shukla—were offered designatory astronaut-wing badges by Prime Minister Narendra Modi at an event at the Vikram Sarabhai Space Centre in Thiruvananthapuram, Isro’s headquarters.

Indian Navy is going through a great transformation, shedding all that has been colonial, and will be a completely 'atmanirbhar' force by 2047, Chief of Naval Staff, Admiral R Hari Kumar here said. Talking to the media here after interacting with Navy veterans, Hari Kumar said the Indian Navy has achieved great heights through indigenisation and could manufacture 33 submarines and 63 ships on its own. «Our aim is to become completely atmanirbhar by 2047, and by then all the submarines, aircraft and weapons will be made in India,» the Navy Chief said. He said 75 challenges were given to the industry and received a great response from the industry. «Some of them have already got into a contract and some products have already been inducted. A lot of innovative technology and products are being developed,» Hari Kumar said.