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Aditya Birla Sun Life AMC Limited on Thursday said it has received approval from IFSCA to carry out portfolio management services through a branch office in International Financial Services Centre (IFSC). The company's move to set up new unit at the Gujarat International Finance Tec-City (GIFT City) is a
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(Click here to subscribe to the new Delivering Alpha newsletter.)With the prospect of higher interest rates looming, 2022 has already been a tough year for the tech sector. The Invesco QQQ ETF has fallen sharply year-to-date but one tech investor is braving the turbulence. Ulrike Hoffmann-Burchardi recently launched a new strategy within
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A sudden drop in surplus cash in the banking system on Thursday sent the inter-bank overnight call money rate to an 21-month high as banks scrambled to borrow short-term money for meeting their treasury requirements. The shortfall prompted the Reserve Bank of India to announce an immediate borrowing window for
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(KMB) on Thursday signed a Memorandum of Understanding (MoU) with GIFT SEZ Limited (GIFT SEZ) for boosting financial services ecosystem at International Financial Services Centre (IFSC) at Gandhinagar. This will enable both to work together towards greater enhancement of the financial services ecosystem in GIFT IFSC for Alternative
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The Reserve Bank of India has approved the appointment of Vinod Rai, former Comptroller and Auditor General (CAG) of India as independent chairman of Unity Small Finance Bank Limited (Unity Bank), jointly owned by Centrum and Bharat Pe that will take over the failed Punjab and Maharashtra Cooperative Bank. A
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Private sector lender reported Rs 50.3 crore net loss in the December quarter, owing to fall in both interest income and other income while its asset quality deteriorated sharply. The loss was however 45 per cent less compared to the year ago period's loss of Rs 91.6 crore. Its
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Check out the companies making headlines before the bell:Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. Travelers benefited from stronger results in investment income and underwriting, and its stock added 2.5%
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New Delhi: Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,912 per 10 gram. Silver prices also
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In life, there is no such thing as a free lunch. This means that you always have to make an effort or pay money to get something good. This is largely true for investing as well. You must make an effort to invest correctly and curb your behavioural biases
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As human beings, we are wired to desire success. At work, at home, in relationships, in your investing journey, and just about in every aspect of your lives, you have only one goal and that is to achieve success. The best part is that by following a few simple
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