Closing a bank account linked to mutual fund investments disrupts transactions like SIPs, SWPs, and payouts. Investors should promptly update bank details with the AMC to avoid delays and maintain seamless investment operations.
PMSBazaar.com reported stellar 2024 performances in Alternative Investment Funds (AIF). Finavenue Growth Fund led with 132% returns, followed by Negen Undiscovered Value Fund (57%), and Carnelian Assets Structural Shift Fund (47%).
Infosys shares fell nearly 6% due to a muted outlook for the fourth quarter and cautious sentiment regarding Donald Trump's expected policies. The stock closed at 1,817.50, down 5.8%. The Nifty IT Index fell 2.7%. Midcap IT companies are trading at higher valuations than large-cap players. IT stocks may face uncertainty from a global slowdown.
Reliance Jio's Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio's home broadband business showed strong growth, particularly with its 5G-based FWA services. Enterprise services also saw significant growth in government contracts.
Global equities rose, U.S. Treasury yields turned higher, and the dollar strengthened as positive economic data and strong earnings boosted investor confidence. Manufacturing output and single-family homebuilding increased. Wall Streets major indexes saw substantial gains. The Fed's data and optimistic housing and industrial production reports indicated potential slowed rate cuts. Oil and gold markets showed mixed responses.
The H5N1 virus is common in wild birds and other animals. While it has not conclusively been found to spread from person to person, the amount of bird flu circulating among animals and humans has alarmed scientists. Many experts fear that H5N1, coupled with seasonal flu, could mutate into a more contagious form and trigger a deadly pandemic.
The U.S. Justice Department is accusing Walgreens of filling millions of prescriptions in the last decade and more without a legitimate purpose, including for dangerous amounts of opioids, according to a lawsuit filed this week.
However, revenue remained subdued due to furloughs and seasonal weakness meeting its guidance, rising marginally by 0.1% YoY to Rs 22,318 crore from Rs 22,205 crore in December quarter 2023-24.
Profit was driven by a one-time land sale gain, rupee depreciation and improved rate of deal wins in its key verticals of banking, financial services & insurance (BFSI) and hi-tech & media.
