FUTURE OF INVESTMENT
![Future group's FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end](https://img.etimg.com/thumb/msid-111540029,width-100,height-75,resizemode-4/industry/cons-products/fmcg/future-groups-fmcg-arm-fcl-defaults-on-payments-of-rs-449-04-crore-till-june-end.jpg)
Future group's FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end
Future Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 crore as of June 2024. This includes Rs 284.81 crore towards bank loans and revolving facilities, and Rs 164.23 crore on borrowings through unlisted debt securities (NCDs and NCRPs). FCL also reported outstanding debt securities amounting to Rs 222.06 crore, with defaults of Rs 164.23 crore owed to non-convertible debenture holders since May 2022.
![Sebi targeting F&O froth but longer term investors may get caught in cross-firing](https://img.etimg.com/thumb/msid-111475013,width-100,height-75,resizemode-4/markets/stocks/news/sebi-targeting-fo-froth-but-longer-term-investors-may-get-caught-in-cross-firing.jpg)
Sebi targeting F&O froth but longer term investors may get caught in cross-firing
Sebi's new regulations on F&O trading aim to standardize charges and reduce excessive profits for brokers. This may lead to higher costs for long-term investors and potential changes in brokerage models. Retail participation in options trading is being closely monitored for its impact on savings.
![For American brands worried about China, Is India the future?](https://img.etimg.com/thumb/msid-111392986,width-100,height-75,resizemode-4/small-biz/sme-sector/for-american-brands-worried-about-china-is-india-the-future.jpg)
For American brands worried about China, Is India the future?
The surge of multinational brands in India's manufacturing sector signals a shift towards diversification and job creation. Companies like Shree Krishna are fulfilling substantial orders for global retailers, highlighting India's growing importance in the global supply chain.
![Quant Mutual Fund probe: Should you stay invested or exit your investment?](https://img.etimg.com/thumb/msid-111358147,width-100,height-75,resizemode-4/wealth/invest/quant-mutual-fund-probe-should-you-stay-invested-or-exit-your-investment.jpg)
Quant Mutual Fund probe: Should you stay invested or exit your investment?
All things considered, and drawing parallels with the past cases, there is little logic in investors rushing to exit Quant funds based on what we know so far. While it’s possible that the circumstances may be worse than they currently appear to be, a wait and watch approach might be the most prudent policy at this stage.
![Future Enterprises' creditors scrap simultaneous vote for its assets](https://img.etimg.com/thumb/msid-111349290,width-100,height-75,resizemode-4/news/company/corporate-trends/future-enterprises-creditors-scrap-simultaneous-vote-for-its-assets.jpg)
Future Enterprises' creditors scrap simultaneous vote for its assets
Creditors had divided FEL's assets into three clusters - insurance, textile businesses, and other residual stakes including its investments in a manufacturing unit each at Tarapur-Palghar in Maharashtra and Mahadevapura-Bengaluru in Karnataka. Central Bank had emerged the highest bidder for the insurance business, while metals company Orissa Metaliks had pipped Mumbai-based financial services firm Uniworth Finlease with a ₹75 crore offer for the manufacturing units.
![Moscow expects to sign new co-operation pact with Iran in 'very near future', RIA reports](https://img.etimg.com/thumb/msid-111245218,width-100,height-75,resizemode-4/news/international/world-news/moscow-expects-to-sign-new-co-operation-pact-with-iran-in-very-near-future-ria-reports.jpg)
Moscow expects to sign new co-operation pact with Iran in 'very near future', RIA reports
Deputy Russian Foreign Minister Andrei Rudenko stated that a new comprehensive cooperation agreement with Iran is close to completion and expected to be signed shortly. The agreement aims to replace a 20-year strategic pact signed in 2001, focusing on security, energy, industry, and technology. Details of the new agreement remain undisclosed, but the two countries have strengthened ties, particularly in investment, military, and energy sectors, following Russia's invasion of Ukraine and subsequent sanctions.
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ET Mutual Fund Explains: Want to know the future value of your monthly investments of Rs 10,000? Use this formula
Mutual fund investors often choose monthly investments or SIPs as a way to regularly invest a small, affordable amount after covering expenses and emergencies.
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From savings to wealth: A guide to strategic methods for sustainable wealth creation in India
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Climate tech has a promising future in India: Hisham Mundol, Chief Advisor, Environmental Defense Fund, India
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Lectrix EV to invest INR 100 crore in FY25; plans multiple launches to strengthen EV market position
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Hong Kong mulls nod for Ether ETF staking in contrast to US
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
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In the fight between bulls and bears, these set of companies always win: 4 stocks with upside potential of up to 21%
Recently the finance minister, Nirmala Sitharaman spoke about the risk of unchecked explosion of future and option trading. Before that, there was a SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money; only 10% are able to make profit. But there is another side to the story. First is that trade volumes in this segment are only going to rise. Second, what is the common between both the losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Yes, policy makers will bring in more checks, but the hard fact is that those checks will only be partially effective for a short period of time as the turnover in the F&O will continue to rise for the foreseeable future. One can control anything, but not the hope and greed on the street.
Sparking FIRE: How StockGro’s #BFF campaign demystifies the fundamentals of financial freedom and early retirement
Financial freedom is about pursuing passions without financial burdens, intersecting with the FIRE movement for early retirement like FIRERachita. StockGro's #BFF campaign drives financial awareness in India, empowering individuals to achieve financial independence through smart investing and a beginner-friendly platform.
Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
Mahindra Group announces plans to invest Rs 37,000 crore in the auto sector over the next three years, with a focus on launching 23 new vehicles by 2030. The investment includes new ICE SUVs, BEVs, and light commercial vehicles. The company emphasizes the importance of ICE models in the short term while investing significantly in the EV segment. The expansion plans also include enhancing manufacturing capacity and remaining open to future mobility trends, including hybrid vehicles. The company welcomes India's new EV policy and emphasizes its commitment to the 'Make in India' initiative.
Gold Price Today: Yellow metal prices shoot above Rs 73,000/10 grams; silver rises over Rs 87,000/kg
Gold Price Today: Gold prices on MCX for June futures opened flat at Rs 73,100 amid rate cut hopes. MCX July silver contracts rose. Dollar weakened on possible Fed rate cuts after an inflation report. Spot gold in the U.S. markets rose to $2,388.10. Neha Quereshi's analysis showed a bullish trend with support and resistance levels.
Explainer: Thinking about how much to invest to achieve Rs 1 crore corpus? Here is the guide
Many mutual fund investors are not aware of the amount they need to invest to reach their desired goal or target corpus. If you want to confirm or know the amount you need to invest on a monthly basis to reach your desired corpus, you can use excel to calculate the investment amount.
BPCL to invest Rs 1.7 lakh cr in core, new energy business
BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes, he said.
Kalyan Jewellers, Sky Gold, 2 more jewellery stocks turned multibaggers since last Akshaya Tritiya
As India marks Akshaya Tritiya today, it's worth noting that the Sensex has surged by 12,750 points, moving from 59,655 on April 21, 2023, to 72,404 on May 9, 2024.
Gold Price Today: Yellow metal tops Rs 72,000/10 grams on Akshaya Tritiya; silver near Rs 85,000/kg
Gold prices surged on Akshaya Tritiya, breaking the Rs 72,000 mark, while silver also saw gains. US data hinting at Fed rate cuts bolstered the precious metals market.
TVS Motor Co expects 25-30% of 2-wheeler sales to come from EVs: MD Sudarshan Venu
TVS Motor Company is expecting electric vehicles (EVs) to account for 25-30% of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu. The company plans to invest Rs 5,000 crore in the design, development, and deployment of future technologies, products, and digital capabilities. In FY24, EV sales grew by 101 per cent, reaching 1.94 lakh units. TVS plans to introduce another electric scooter this year, and its EV presence will be across both scooters and motorcycle segments.
Gold delivers 16% gains from last Akshaya Tritiya. What is the outlook for next year?
The cost of 10 grams of gold currently deviates by approximately Rs 3000 or 4% from its peak value. Gold enthusiasts can seize the chance to purchase the precious metal on the auspicious occasion of Akshaya Tritiya, slated for May 10, Friday.
Grayscale's application for ethereum futures ETF withdrawn
Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S. Securities and Exchange Commission.
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