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With investors increasingly relying on AI (artificial intelligence) for everything from portfolio management to mutual fund selection, financial advisors frequently get asked, “Why pay a financial advisor when AI can do it for free?” But a quick test of these chatbots revealed a glaring problem, said Mrin Agarwal, financial educator and chief executive of Finsafe…
Investors often track the portfolios of seasoned market veterans for insights into their investment strategies. In this context, ETMarkets reviewed the investment holdings of veteran investor Vijay Kedia. According to the latest available data for the June 2026 quarter, Kedia has publicly disclosed stakes in around 23 companies, with a combined market value of approximately…
Hyderabad-based Gemini Edibles & Fats India (GEF), which makes edible oils under the brand name Freedom Oils, filed its draft papers for initial public offering (IPO) entirely comprising an offer for sale with capital markets regulator Sebi. The company, which claims to be one of the largest regional branded edible oil players in the Indian…
The newly-introduced closing auction session (CAS) led to weak participation in BSE, with Nuvama highlighting that the thin liquidity appears to be “feeding on itself”, discouraging further volumes and weighing on earnings. However, the brokerage suggests this vicious cycle can only be broken by higher participation. In its weekly report, it noted that BSE’s index…
Zee Entertainment Enterprises Ltd (ZEEL) on Saturday said it has allotted 20.94 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments Ltd, nearly seven weeks after its board first approved a fund-raising plan. Earlier this month, the Securities Appellate Tribunal stayed a Sebi order to debar ZEEL for two months and its CEO…
Investors looking to add international exposure through mutual fund SIPs now have three more schemes to choose from. HSBC Mutual Fund has reopened subscriptions in three international mutual funds, giving investors a fresh route to invest in global markets through Indian mutual funds. The schemes are HSBC Global Emerging Markets Fund, HSBC Asia Pacific (ex-Japan)…
In India, individuals have to pay different types of taxes depending on their income, profession and expenses. While income tax is levied by the central government, some taxes are also imposed by state governments for funding civic infrastructure, local programs and public services. Professional tax is one such state-level direct tax, which is generally deducted…
For-profit social enterprise Rays of Belief Ltd, the parent company of Mom’s Belief, will launch its initial public offering on September 1, as it plans its next phase of expansion and to add 319 centres across India by FY29. The IPO will remain open till September 3, while bidding for anchor investors will take place…
Goldman Sachs expects Indian banks’ loan growth to moderate to 14–15% through FY29 and initiated coverage on 14 lenders. It favours six private banks, including ICICI Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, Federal Bank and AU Small Finance Bank.
Bitcoin surged nearly 22.9% in one week to trade near the $78,000 mark as liquidity hopes, ETF inflows boost crypto markets. The cryptocurrency was trading at $777,473 mark. In the past week, Ethereum was up 29.7%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano rallied upto 56.3%. The global crypto market…