The findings from Navi’s study highlighted the need for more financial literacy initiatives to empower investors. (Representative image) 60% of investors believe mutual fund investing requires extensive financial knowledge A recent research study conducted by Navi Mutual Fund among mutual fund investors and non-investors (Millenial and Gen Z) revealed some interesting insights into their decision-making…
Check out the companies making headlines in midday trading. La-Z-Boy – The stock soared more than 19% after the furniture company topped Wall Street expectations for the fiscal fourth quarter. La-Z-Boy reported adjusted earnings of 95 cents per share on revenue of $554 million. This is above earnings estimates of 70 cents per share on…
Shares of One 97 Communications Ltd (Paytm) surged 4 per cent to Rs 442 in Tuesday’s trade on BSE following reports that the company is in talks with Zomato to sell its movie ticketing business. Zomato shares also rose 1.5 per cent in early trade. The stock will also be in news as Non-Executive Independent…
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm’s plans. The new long/short equity fund, to be launched later this year or early…
India has become the largest market for Nestle globally for its instant noodles and soup brand Maggi and the second largest for chocolate wafer brand KitKat, according to the latest annual report of its local subsidiary. Besides, the India market with a high double-digit growth has become one of the fastest growing markets for Nestle,…
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett‘s Berkshire Hathaway has scooped up more shares of Occidental Petroleum over each of the past nine trading sessions, driving his gigantic stake in the Houston-based oil and gas producer to…
In response to an anticipated pilot shortage in the Indian aviation sector, Air India is establishing a pilot training academy in Amravati, Maharashtra, with a capacity to train 180 pilots annually, according to a report by The Economic Times. Aspiring pilots with no flying experience can enter the full-time academy. They will have a direct…
Optimism is high on Wall Street at the midpoint of the year. Investors are the most bullish they have been since November 2021, according to the global fund manager survey, or FMS, released Tuesday from Bank of America Securities. Not only are portfolio managers not anticipating a recession, but they are also betting big on…
Housing rentals have increased by three to six per cent in Bengaluru. The financial capital of India, Mumbai, climbed 11 places to reach the 136th position globally. New Delhi ranks at 164th position. Mumbai retains its position as India’s most expensive city according to the Mercer Survey 2024 on Cost of Living, while Hong Kong…
Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold. In a June 17 letter first obtained by CNBC, Warren asked Powell for a…
