Wellness Financial News

When 44-year-old Michael Bruun, the London-based co-head of global private equity at Goldman Sachs, invested in Swedish battery maker Northvolt in July 2022, he wrote on LinkedIn that he was «proud» to do so. 

Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as environment-friendly diesel-electric vessels for the transport of general cargo in the coastal waters of Europe, these vessels have a length of 89.43 metres, 13.2 metres breadth with a draft of 4.2 metres and have been designed by Conoship International of the Netherlands, it added.

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. «IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space,» Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan.

demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. The rupee fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%.

Rohit Sharma is the first to admit that his recent batting form has been below par but he continues to «feel good» about his game, providing him hope for the remaining two Tests of the Border-Gavaskar Trophy. Rohit, who did not play the series opener in Perth due to the birth of his second child, has managed scores of 3, 6 and 10 on the tour. His return to the middle-order after six years to accommodate KL Rahul at the top has made the task even more challenging for him. Following the drawn Test at the Gabba, Rohit made an honest assessment of his batting Down Under. «I have not batted well. There's no harm in accepting that. But I know what's in my mind, how I'm preparing myself. All those boxes are very much ticked. It's just about spending as much time as possible, which I'm pretty sure I'm just there,» Rohit said in the post match press conference.

Lok Sabha proceedings were adjourned for the day on Wednesday amid noisy protests by Opposition members seeking an apology from Home Minister Amit Shah for his remarks which they claimed were an insult to B R Ambedkar. When the House reconvened at 2 pm, the protests continued. Soon ministers and MPs tabled parliamentary documents amid the din. Following which P C Mohan, who was chairing the proceedings, adjourned the House for the day. When the House was adjourned for the day, most Opposition members excluding those from the TMC were on their feet raising slogan of 'Jai Bheem' and seeking an apology from Shah.

high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers. In recent weeks, upscale French luxury department store Printemps announced it was teaming up with the world's largest crypto exchange, Binance, and French financial tech company Lyzi to accept cryptocurrencies including bitcoin and ethereum in its stores in France — becoming the first European department store to do so. The move, coming as bitcoin rises, has been noticed by other brands and retailers who are showing interest in joining in.

one-in-a-billion egg was sold for 200 Pounds (Rs 21,000) at an auction in UK, reported BBC. Previously, Ed Pownell from Lambourn in Berkshire had bought the egg for 150 Pounds (Rs 16,000) after having a few beers. After buying it, Pownell donated it to the Iuventas Foundation — a charity that provides life coaching, mentoring and mental health aid to young people across Oxfordshire, where it was sold again.

Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States

Baba Vanga is a Bulgarian mystic healer, who is also known as the Nostradamus of the Balkans because of her eerie prophecies that have stood to be true, reportedly including the 9/11 attacks on US soil. She lived a long life, and dedicated herself to healing and foreseeing the crucial moments of the world, and if her sayings are interpreted, they represent some of the most crucial events across the planet. This reportedly even includes Princess Diana's death, which may seem impossible in the first place.

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

An Alabama woman received a pig kidney transplant last month and is free from dialysis for the first time in eight years

recession fears becoming a major point of concern for the US stock market in the coming days, due to the incoming Donald Trump administration at the White House in January, things may get even more complex in the coming days. Also Read: Who is Rex Heuermann, suspected serial killer charged with seventh murder in Giglo Beach killings case? The automobile industry's stocks have not been a part of the massive bull run but have maintained a steady rise in the last couple of years, and have also contributed quite well to the top stock indices, as per reports.

alternative investment funds can play a crucial role in helping the economy meet the challenge of job creation. The career bureaucrat who served as the Sebi chairman for six years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help. «Going by many of the macro data that we have, there are problems in our economy today, for example on employment generation,» Sinha said while addressing a CII event on AIFs here.

President-elect Donald Trump told reporters that he would consider pardoning embattled New York Mayor Eric Adams, said the country was “not going to lose” the polio vaccine and weighed in on the flurry of drone sightings over New Jersey during a freewh...

Umang Dairies Ltd.(up 6.94%), Gopal Snacks Ltd.(up 5.69%), Nakoda Group Of Industries Ltd.(up 3.79%), LT Foods Ltd.(up 2.99%), Euro India Fresh Foods Ltd.(up 2.68%), Sheetal Cool Products Ltd.(up 0.75%), ADF Foods Ltd.(up 0.71%) and Varun Beverages Ltd.(up 0.38%) stood among the top gainers.

Mansukh Mandaviya flagged off the 'Fit India Cycling Drive' at the Major Dhyan Chand National Stadium here on Tuesday. Close to 500 cycling enthusiasts joined the three kilometres ride from the stadium to Raisina Hills and back, the initiative aimed at promoting cycling as a sustainable and healthy mode of transportation. The event was flagged off by Mandaviya in the presence of Raksha Khadse, the minister of state (Sports), MP Tejasvi Surya, as well as elite athletes, including Paris Paralympics bronze medallist Simran Sharma, Commonwealth Games gold medallist Nitu Ghanghas and Asian Games bronze winner Preeti Pawar. Mandaviya said in a press release, «We have launched this event as 'Fit India Cycling Tuesdays' but for the convenience of cycling enthusiasts, this will now be conducted on Sundays and be called 'Sundays on Cycle'.

Electric ride-hailing and charging infrastructure network BluSmart on Tuesday said it has secured Rs 100 crore in EV financing under its asset leasing initiative. Under the 'Assure by BluSmart' initiative, the partner can purchase electric cars and lease these cars to BluSmart. Assure has surpassed Rs 100 crore in book value. Within the first year of launch, the program has grown exponentially, jumping 10 times in monthly scale of financing secured with 25+ large partners onboard, the company said. The initiative has gained robust support from leading green financing institutions, transport and logistics operators, as well as family offices.

Eastern Rajasthan Canal Project (ERCP) is a direct proof of the intention of the Congress, he said. «The Eastern Rajasthan Canal Project (ERCP) was delayed for so long by the Congress, this is also a direct proof of the Congress' intentions. They talk big in the name of farmers but neither do they do anything for the farmers themselves nor do they let others do it,» he said addressing a public meeting in Dadiya in Jaipur. He was addressing 'the Ek Varsh-Parinaam Utkarsh' to mark completion of one-year of Rajasthan government during which he inaugurated and laid foundation stone for 24 projects related to energy, road, railways and water worth over Rs 46,400 crore.

"Tata Consumer is a very different business compared to where it was even till last year and very-very different from where it was four or five years ago. And it is this capital allocation intensity of some of our consumption picks, which is what we are trying to play rather than the standard FMCG of a little bit of market share gain in the existing categories and nothing new in terms of capital allocation beyond the core," says Rakshit Ranjan, Marcellus Investment Managers. Well, I directly get into stocks because I look at a couple of your holdings, especially Asian Paints and Titan and both of these two are going through industry disruptions at this point of time. Just this morning, Investec wrote on the paint sector, talking about how Birla Opus is getting a lot of good response from customers. Titan, of course, is going through its own lab-grown diamond disruption. What then still makes you hold these stocks? Rakshit Ranjan: So, both of those are slightly different in nature. Titan is an industry disruption, as you rightly picked it up, whereas Asian Paints is a competitive intensity rising significantly. There are two different parts of how a business gets affected.

ICRA expects the domestic gold jewellery consumption (in value terms) to continue its momentum in the current fiscal with an estimated growth of 14-18% Y-o-Y. This follows the sharp increase of 18% in FY2024, which was primarily driven by realisations even as volume growth was subdued. A sharp 900 basis points (bps) cut in import duty in the Union Budget in July 2024 and consequent correction in gold prices for a brief period led to some pre-buying of jewellery as well as bars and coins during Q2 FY2025, which is generally a seasonally weak quarter. While gold prices were volatile, improving consumer sentiments and festive-led demand increased consumption in recent months. This, coupled with a higher number of auspicious and wedding days, and favourable monsoons aiding better rural output, is likely to help jewellery demand growth in H2 FY2025, in ICRA’s view. Revenue growth for organised jewellery in FY2024 had been supported by realisations with gold prices rising by ~14% YoY. The same trend is expected to continue this fiscal as well. So far in the current fiscal, the average gold price has risen by a sharp ~25% vis-à-vis FY2024 average price, despite occasional corrections – first, after the cut in customs duty in late July 2024 and then in November 2024, following the US elections and currency movements. The evolving global economic and geopolitical scenario and rising investment demand for gold have stimulated the continuing uptick in gold prices for the last seven quarters.