Wellness Financial News

Subscribe to enjoy similar stories. BENGALURU : Smallcase's early investors, including Peak XV Partners and WEH Ventures, are looking to partly offload their stakes in the fintech, which is in talks to raise over $50 million in a mix of primary and secondary transactions, three people close to the development told Mint. The latest round is expected to value the Bengaluru-based startup at around $300-350 million.

Subscribe to enjoy similar stories. The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington. In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp., people familiar with the matter said.

Stocks that rallied over 10% included, Orbit Exports(13.91%) and DCM Ltd(13.42%).

«Investors are kicking some of the themes that they felt were worth backing, especially in the wake of Donald Trump's victory in the presidential election,» says Cameron Brandt, EPFR Global How you are looking at the trajectory that we have seen play out on Wall Street and how you have read into the producer price index report that we have seen, what the expectation is now from the US Fed. Cameron Brandt: Well, what we have seen from a fund flow perspective is an enormous flood of money come in to US mandated funds since the beginning of November really eclipsing pretty much every other fund group that we track.

Mark Zuckerberg may not have had a great relationship with current US President-elect Donald Trump but it now looks like he is preparing to repair this relationship by donating a whopping $1 million for the inauguration ceremony scheduled in January. At the start of the next year, Donald Trump will be taking over the role of US President from Joe Biden, and his swearing-in ceremony is reportedly going to be one of the grandest ones in US history.

A senior official in Canada’s most populous province says that Ontario could bar American-made alcohol and restrict electricity to three U.S. states if President-elect Donald Trump imposes sweeping tariffs on all Canadian products

A prominent luxury real estate broker and his identical twin brother have appeared in a Florida courtroom Thursday on sexual assault charges

The December holidays are supposed to be a time of joyful celebration

Thyssenkrupp Marine Systems (TKMS), which is bidding for a major contract to manufacture six new diesel electric submarines in India for a Navy order, said it is looking to expand its footprint and has pitched for the creation of a joint warship building hub, estimating that it can be up to 50% cheaper to make submarines and warships here. «Together with MDL (Mazagaon Dockyards Limited, which is the partner for the submarine contract), there could be a hub for technology, which will generate more orders. This is really an opportunity to go beyond the P75I (the submarine contract), which will generate, of course, more jobs,» TKMS CEO Oliver Burkhard said.

interest rate cut at RBI's next review meeting in February. Career bureaucrats, the conventional wisdom goes, tend to be more amenable to the gov's view early in their tenure as central bankers. But, eventually, the institutional authority exerts itself in a more autonomous approach.

Subscribe to enjoy similar stories. New Delhi: The Andhra Pradesh government has decided not to extend road tax waivers and cash incentives for buyers of hybrid vehicles, in its new sustainable electric mobility policy document seen by Mint. The policy, effective 11 December, extends benefits only to electric two-, three-, and four-wheelers, goods carriers, and e-buses, diverging from other states like Uttar Pradesh that have incentivized hybrids to promote cleaner mobility. The policy, valid until 2029, is part of Andhra Pradesh’s goal to achieve carbon-neutrality in the transport sector by 2047.

Certificates of deposit (CD) with a 1-year term are special types of accounts with interest rates that are usually higher than other savings accounts. In exchange for the high rate, you must keep your funds locked up for about 10 to 14 months. This may be good for your short-term savings since you can access the money by next year.

The European Central Bank is cutting interest rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs

Bitcoin following a 10% gain in October. Bitcoin has hit six figures for the first time and is now consolidating around $100,000. The path to $150,000 and above is set in this cycle with analysts predicting a strong first quarter of 2025 for the asset class overall. Bitcoin is now trading in uncharted territory while the overall crypto market cap has broken through to $3.6 trillion.

Pidilite Industries Ltd. traded 0.25 per cent in Thursday's session at 12:27PM (IST). The stock opened at Rs 3175.05 and has touched an intraday high and low of Rs 3192.00 and Rs 3163.90, respectively, during the session so far. The stock quoted a 52-week high of Rs 3414.40 and a 52-week low of 2490.00. About 2,904 shares changed hands on the counter so far.

season's first snowfall, while higher reaches experienced moderate rainfall, officials said on Thursday, adding that the minimum temperature has improved across most places in the valley. The plains of Shopian, Pulwama, and Baramulla, as well as the upper areas of Anantnag, Budgam, and Bandipora received light snowfall. However, there was no snowfall in Srinagar, the summer capital of Jammu and Kashmir. The higher reaches of the valley, including the tourist resorts of Gulmarg, Sonamarg, Tangmarg, Gurez and the Zojila Pass, saw light to moderate snowfall. Due to accumulation of snow along the Zojila Pass, the Srinagar-Leh highway was closed for traffic, while the Bandipora-Gurez road and Mughal Road were also shut, officials said.

Hannah Kobayashi, the missing Hawaii woman whose disappearance prompted a massive search and a missing persons investigation in Los Angeles, has been found safe, police said Wednesday.Kobayashi vanished last month in Los Angeles. Other details about her disappearance, as well as where and how she was found, were not immediately available Wednesday, but police previously said she had voluntarily crossed the border into Mexico.“We are happy to learn that Hannah has been found safe,” the Los Angeles Police Department said in a statement.

Peterborough police say they finally have a breakthrough.The homicide of the Otonabee River man – revealed on Wednesday to be Gerald Durocher – has mystified investigators ever since the grisly discovery was made by members of a recreational dive club more than three decades ago.It was on July 10, 1988, when the divers took to those waters in Peterborough and found a human head at the bottom of the river some 130 feet from shore.Shortly after the discovery, which was made near Lock and McKellar streets, police launched an extensive air and underwater search to locate the rest of the body. However, to this day, it was never found.On its website, police said that through investigation at the time, they determined the head belonged to a man roughly between 40 to 74 years of age.“Some lower molars were missing and had been lost well prior to death.

Hemang Jani, Independent Market Expert, says among PSUs, Bharat Electronics and HAL have reported strong financial results, making them attractive investment options, along with select power companies like NTPC, especially after its recent demerger and the launch of the NTPC Green IPO, showcasing its renewable energy potential. While one can remain optimistic, a discerning approach is crucial when evaluating public sector undertakings. Investors should target niche, selective companies in this sector. Among steel stocks, Jani holds Tata Steel in high regard, but believes certain pallet players like Godawari Power are better positioned due to improving spreads. Additionally, Jindal Steel & Power's efficient captive unit for raw materials may offer a more attractive investment opportunity. From the end of last year till middle of this year, the PSU sector, be it defence, railways, infra or power names – had been the most buzzing segment. But that rally had fizzled out in the latter half of this year. What is your take on PSUs. A lot of people are hoping that there will be a rebound in the government spending come H2 of FY25 and PSUs will revive? Hemang Jani: Yes, some of these companies which have corrected quite sharply in the past two months are showing a good rebound and it is not just the stock price rebound.

Hemang Jani, Independent Market Expert, says most of the healthcare companies have been doing a fairly decent job and some of these companies are in an expansion phase. Max Healthcare is looking to expand in a big way, and that is true for Narayana Hrudalaya also. For the investors looking for a steady 15-18% kind of a CAGR growth, having some exposure to names like Apollo Hospitals, Max, or Narayana Hrudalya would make sense. How have you assessed the quarterly numbers from the entire FMCG basket? Do you think that the slowdown is worrying and it is going to continue into the coming quarters? Or was it a bit of a one-off? Hemang Jani: Consumer companies, particularly the staple and FMCG companies are going through a great amount of slowdown and when you look at the quarterly numbers by and large things were not that positive. The only thing is that the market reaction to some of those numbers was a bit of a surprise because it is not as if HUL or Nestle will report a very high single digit kind of volume growth.

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says in the IT sector, a lot depends on how the growth momentum pans out. But there are a lot of expectations built into what happens in the developed markets once Trump assumes the chair next month and that is getting reflected. Also the domestic growth scenario looks quite mixed in many sectors. So, IT looks to be safer and more defensive in comparison to some of the segments. If you are looking at the sector-wise breakup today, PSU banks are on the back foot. But having said that, railway stocks are doing quite well, while defence has managed to come back. In fact, other industrials and public sector entities have been doing well. Does that make you believe that perhaps the dip that we saw in the public sector entities, whether defence, whether railways and all of that, is behind us and now the buying would resume? Amnish Aggarwal: One cannot put all the PSUs in one basket per se because when it comes to railways, defence and some of the other industries related to capital goods, engineering, EPC, construction, etc., there were no order flows which came in Q1. In the second quarter it picked up, but now we are in the last four months of the year, and we will see more and more order announcements happening across these segments.