Page 25 - Ortfolio Allocation News Today

Credit Card bill payment leader CRED on Tuesday announced the acquisition of the online wealth management platform Kuvera in an effort to take on the likes of Zerodha and Groww.

On Tuesday, stocks 2353 advanced, 1508 declined and 83 remained unchanged, with an advance decline ratio of 1.56 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a draft aimed at regulating retirement homes across the state, aligning with the model guidelines issued by Union ministry of housing and urban affairs (MoHUA) for the development and regulation of retirement homes. This move follows concerns about misleading advertisements and inadequate facilities for senior citizens within such housing developments. MahaRERA has become Indias first and only housing regulatory body to dis...

India’s retail lending showed moderated growth during the quarter ending September 2023 as financial institutions tightened the supply of credit, especially on consumption-led products like credit cards, consumer durable loans, and personal loans.

In a major action against illegal colony developers, the Department of Town and Country Planning (DTCP) Gurugram has registered 100 FIRs against 15 people.

In a judgement that would be an eye-opener for health insurance policy buyers, the national consumer disputes redressal commission (NCDRC) rejected a claim due to the wrong date of birth and suppressing of pre-existing ailments while buying the health insurance policy.

After the recession that did not happen, how should investors think about opportunities and challenges in 2024?

After raising concerns over the directorship of Bharatiya Janata Party (BJP)-affiliated persons from the board of Bharat Electronics Ltd (BEL), which is closely engaged in the manufacture and supply of electronic voting machines (EVMs), EAS Sarma, former secretary to the government of India (GoI), has asked election commission of India (ECI) to be open to suggestions made by experts on EVMs and submit itself to public accountability.

Shares of One97 Communications Ltd (OCL/(Paytm) continue to fall and hit its 52-week low on Friday. At 9.44am, Paytm was trading at Rs121.80 or 20%, down at Rs487.20 on NSE. During a conference call with analysts on Thursday, Paytm assured minimum or no disturbance to its merchants.

Electronic manufacturing services (EMS) is a hot sector after earlier listed companies, like Dixon and Amber Enterprises, created enormous wealth and several new offers, like Kaynes, Syrma SGS Technology and Cyient DLM, got listed at high valuations. A much smaller company in the field, growing at a fast pace is Virtuoso Optoelectronics Ltd (Virtuoso).