Asian private wealth has jumped from 6% of the global total 25 years ago to 21% today, according to data from BCG. Singapore pulled in $765 billion in wealth inflows between 2019 and 2024, while Hong Kong attracted $975 billion. More than 80% of that is coming from within Asia.
Other works in the race for the big prize included 'Flashlight' by American Korean author Susan Choi, 'Audition' by American Japanese writer Katie Kitamura, 'The Rest of Our Lives' by British American Ben Markovits, and English novelist Andrew Miller's 'The Land in Winter'. All six shortlisted authors will receive 2,500 pounds and a specially bound edition of their book.
Shares of Vijay Kedia-backed Atul Auto surged rose sharply after the company posted a 70% year-on-year jump in Q2 net profit to Rs 9.2 crore. Revenue rose 10% to Rs 200 crore, driven by higher sales volumes and improved operational performance in its commercial three-wheeler segment.
An ARIA analysis shows that trading-call providersboth registered and unregisteredaccounted for nearly 97% of Sebis enforcement orders under the Investment Advisers framework since 2013. Of 218 orders issued until March 2025, only six involved registered investment advisers, none of which led to investor losses. The findings highlight high compliance standards among genuine fiduciary advisers.
Indian gold prices have seen a significant jump, nearing Rs 1,26,000 per 10 grams. This rise is driven by positive global sentiment regarding the US government shutdown resolution and expectations of US Federal Reserve interest rate cuts. Strong domestic demand from the wedding and festive season further supports this upward trend.
NALCO shares saw a sharp uptick in two days after reporting strong Q2 results, with net profit up 37% YoY to Rs 1,430 crore. Brokerages including Axis Securities, PL Capital, and Emkay Global remain bullish, citing cost efficiency, expansion projects, and improving aluminium prices as key growth drivers.
Market expert Ambareesh Baliga sees strong growth in India's beauty and personal care sector, with Nykaa's profits picking up. However, he expressed caution on Trent due to potential pressure on same-store sales. For power ancillary companies like Transformers and Rectifiers, Baliga advised waiting due to cash flow concerns, while a dip in Transrail Lighting might signal sector-wide issues.
