Wellness Financial News

Zeno Health, which runs a chain of generic medicine-focussed pharmacies, has raised $25 million from investors led by Korean private equity firm STIC Investments. Existing investor Lightbox Ventures was a significant participant in the Series C funding round.

Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.

(Reuters) — Unity Software shares sank 15% in premarket trading on Tuesday after the videogame software provider's 2024 forecasts came in below Wall Street estimates, a sign that its turnaround was taking longer than expected.

Bank of Montreal missed analysts’ estimates as it grappled with weak capital-markets revenue and reported an increase in loan-loss provisions.

Bank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher delinquencies among retail borrowers in its Latin American businesses.

Back in August, I wrote an article called Gold: The Anti-Bubble.

WPL 2024 RCB vs GG LIVE Score Updates: The women's team of Royal Challengers Bangalore (RCB) is up against the Gujarat Giants' (GG) team in the Women's Premier League (WPL) 2024 match number 5. The WPL 2024 RCB vs GG match starts at 7:30 pm with the toss between the captains of the two teams at M Chinnaswamy Stadium in Bengaluru.

SGB premature redemption Although the bond has an 8-year tenor, early redemption is permitted after the fifth year from the date of issue on coupon payment days. If kept in demat form, the bond will be tradable on the exchange.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said.

Siddharth Srivastava, ETF Products & Fund Manager, Mirae Asset Investment Managers (India), says “from a macroeconomic indicators point of view, there are no red flags. Things look robust. But I think investor expectations this year or for next year or so should be muted. Somewhere around low teens is what investors should be okay with unless and until there is a next good set of news which will provide the next momentum to the market.” Let us begin by discussing the market setup itself. We are very poised at an inflection point where there are no major triggers for the markets because elections are priced in, earnings are behind us, and there is no other major event ready to watch out for. What do you then think is the right expectation in terms of returns from the Indian markets this year? Siddharth Srivastava: From a valuation point of view, investors should remain cautious, especially in the microcap, smallcap category. There are pockets of opportunities, especially in the largecap and the midcap side. But markets will consolidate. Earnings need to come out at a reasonably good level to justify the valuations where we are currently on. I think that will drive the next possible support in the markets.

₹567.95. Meanwhile, it has rallied 364 percent in the last 3 years and 416 percent in the last 5 years. An investment of ₹1 lakh in this stock a year ago would have turned into ₹3.54 lakh today.

I intend to make a gift of ₹1 lakh to my adult daughter. What will be the tax implications of this gift for me as well as my daughter? Do I need to follow any procedure for making the gifts? Do I need to prepare any gift deed, if yes, what is the stamp duty applicable? Is the gift deed required to be registered?

businesses need to nurture and invest in startups but not with an intention of owning them, Deepinder Goyal, founder and CEO of food-delivery company Zomato said on Tuesday. “I think established businesses need to nurture startups…and I don’t think we have that kind of a culture yet, and larger businesses also need to start funding startups but not with an intention to own them but with an intention to help them become bigger,” Goyal said, at the curtain raiser event of the Startup Mahakumbh, which is slated to happen on March 18-20.

OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash.

Tata Motors, Mahindra, and Hyundai argue against any preferential tax treatment for these vehicles. These companies account for over 85% of the Indian car market, effectively making this an industry-wide discord. Both the camps have lobbied with various government departments and ministries, including the Prime Minister’s Office.

NDP Leader Jagmeet Singh says he believes provinces voicing plans to opt out of a national pharmacare plan will likely opt in eventually, noting similar sentiments were seen when universal health care became law in Canada.

Wipro, TCS, Mphasis, Coforge, and Persistent Systems and an over 40 percent decline at Tech Mahindra doesn’t support sharp recovery hopes as deal durations are rising," said Ambit. The brokerage retains a view of modest growth improvement in FY25E and a fall in Tier-1 margins (contrary to street hopes of increases). It believes that Tier-1/Tier-2 one-year forward P/E premium of 55 percent/116 percent to pre-Covid 3-year average looks unsustainable.

Investing.com-- Most Asian currencies rose slightly on Tuesday, taking some relief from mild declines in the dollar before a key inflation reading which is set to offer more cues on U.S. interest rates this week. 

Investors should not sway their portfolio basis specific events and should stick to diversified funds for the majority of their portfolio. For risky thematic or sectoral bets, they can set aside 10-20% of their equity portfolio as tactical bets, says Vivek Banka, Co-founder, GoalTeller.

Mint, Sunil Bharti Mittal, chairman of the conglomerate, said the enterprise segment of Airtel could potentially value at $10 billion and disclosed plans to align Bharti's stake in Airtel with that of SingTel in the future. Amid these strategic shifts, Mittal acknowledged the competitive pressure from Elon Musk's Starlink in the satellite broadband space, advocating for the immediate allocation of satellite spectrum ahead of the new telecom law's enactment. He also touched on various facets of Bharti Group's operations, including partnerships with OTT platforms, the potential listing of its payments bank, and the dynamics of competition and collaboration within the telecom sector.

By Lewis Jackson and Sameer Manekar