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Source: Live Mint Brent crude futures had corrected 17 percent before the recent upsurge, driven by a supply hike by OPEC+ and weak demand from China. This brought prices down from the April 2024 peak of USD 91.2 per barrel. On Monday, Brent rose above $80 per barrel for the first time since August after…
Source: Live Mint If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of…
Source: Live Mint MUMBAI : Registered investment advisors (RIAs) can offer all kinds of products, including those not regulated by the Securities and Exchange Board of India (Sebi), and charge fees or receive commissions, said Sebi full-time member Kamlesh Varshney in an interaction with the Association of Registered Investment Advisors (ARIA) on Wednesday. Moreover, he…
Source: Live Mint Global liquid alternatives vs Indian ‘investment strategies’ Liquid alternatives are investment products such as mutual funds and exchange-traded funds that use strategies similar to alternative investment funds in India. However, these are more liquid, easier to access, and regulated. These products enable investors to access sophisticated and advanced investment strategies such as…
Source: Live Mint Hyundai Motor Co’s Indian subsidiary, Hyundai Motor India, is in talks with more than 100 top global and domestic investors to take part in the anchor book round of its public issue, Moneycontrol reported on Wednesday, quoting people aware of the development. Anchor investors such as GIC, Capital Group arms, Fidelity Group…
Source: Live Mint When Meta, the parent company of Facebook, announced its latest open-source large language model (LLM) on July 23rd, it claimed that the most powerful version of Llama 3.1 had “state-of-the-art capabilities that rival the best closed-source models” such as GPT-4o and Claude 3.5 Sonnet. Meta’s announcement included a table, showing the scores…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Live Mint In a recent report on the power sector, Nomura has initiated coverage on Tata Power and JSW Energy, giving them a ‘buy’ rating and setting target prices of ₹560 and ₹885, respectively. The brokerage is of the opinion that India’s power sector offers substantial growth opportunities and it sees green energy as…
Source: Live Mint Growing up in a middle-class family in Bengaluru, Swaminathan was always acutely aware of the importance of financial independence. His father, a banker, instilled in him the value of saving and prudent financial management from an early age. “I was determined to build a secure financial future for myself,” he says, reflecting…
Source: Live Mint Business credit card is a card which caters to the self-employed professionals and corporates, and used for the purpose of incurring business expenditure whereas a personal credit card, as the name suggests, is used for making personal expenditure only. This credit card is given to small and medium enterprises (SMEs), corporates and…
