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Kim believes that in the current inflationary environment and amidst rising interest rates, generating alpha from their traditional investments is becoming hard for ordinary investors. Given this scenario, Mirae Asset Mutual Fund will position itself as a differentiated fund house in the Indian market providing solutions in both the active and passive space.

Sebi said it has banned Gautam Thapar, Avantha Holdings, Action Global and Solaris Industrial Chemicals from the securities markets for 5 years. A fine of Rs 10 crore has been imposed on Thapar, while the three other entities have been slapped with a penalty of Rs 5 crore each.

Musk has been locked in a bitter legal battle with Twitter since announcing in July this year that he was pulling the plug on the USD 44-billion purchase of Twitter, following a complex courtship.

Fast Retailing Co Ltd rose 1.13% and had the biggest positive impact on the Nikkei after announcing an 11% year-on-year sales increase at domestic Uniqlo stores. The number of customers declined 2.9%, but average spend was up 14.4% due to price increases and stronger sales of fall/winter items.

Lastly, we have a moderate investment portfolio wherein the risk taken by investors is medium. He will want to invest in a combination of risky and safer investments. Of the total investment, 40% would be in equities and 50-60% would be in fixed income and gold. In addition, for new investors we would not suggest investing in real estate as the ticket size is large.

Brent crude rose 11 cents to $91.91 a barrel at 0001 GMT, after climbing $2.94 in the previous session.

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NARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the development said. This equates to a recovery of 16% for these lenders.

An LoC is a document that gives a degree of assurance that an obligation - like servicing of interest and repayment of a loan - will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled by the September 30, 2022 long stop date, causing the agreement to be terminated automatically.” He did not elaborate on what these conditions were.