NFO Watch: Bank of India Mutual Fund launches business cycle fund

NFO Watch: Bank of India Mutual Fund launches business cycle fund

Bank of India Mutual Fund has launched Bank of India Business Cycle Fund, an open ended equity scheme investing in the sector based on its business cycle. The new fund offer or NFO of the scheme is open for subscription and will close on August 23. The fund aims to identify and invest in sectors … Read more

Airport parking: ‘I was charged £170 for stopping at a traffic light’ | Consumer affairs

Airport parking: ‘I was charged £170 for stopping at a traffic light’ | Consumer affairs

Britain has a new contender for the most ridiculous private motoring “fine”, with a Cardiff man being sent a £170 demand after he stopped at a temporary traffic light near the terminal at Bristol airport. Dave Fitzheslop says he has been left incredulous after being sent a £100 demand – now increased to £170 – … Read more

Impact of new capital gains taxes on PMS investments of UHNI investors

Impact of new capital gains taxes on PMS investments of UHNI investors

The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more

Smoothies and vegan food are the new pre-flight pint for UK holidaymakers | Hospitality industry

Smoothies and vegan food are the new pre-flight pint for UK holidaymakers | Hospitality industry

A breakfast pint at the airport is as much a part of the typical British holiday as third-degree sunburn and overindulging on the all-inclusive. But soaring sales of alcohol-free beer, gut health shots and smoothies suggest a growing proportion of holidaymakers are eschewing pre-flight booze. Figures from Manchester Airport Group (MAG) show a fivefold increase … Read more

Ola Electric to announce Q1 results on August 14 in first board meeting after listing

Ola Electric to announce Q1 results on August 14 in first board meeting after listing

The newly-listed Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. “Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that … Read more

crude oil prices: Middle East tensions may attract speculative waves in crude oil prices

crude oil prices: Middle East tensions may attract speculative waves in crude oil prices

Demand worries amid economic recession fears dragged down oil prices, but losses were limited due to the potential loss of supplies from the Middle East and an unexpected drawdown in US crude inventories.The Asian benchmark Brent crude dropped to a low of $75.05 a barrel last week, its lowest level since January. A similar selloff … Read more

Nationwide offers free dementia clinics at 200 branches | Banks and building societies

Nationwide offers free dementia clinics at 200 branches | Banks and building societies

Nationwide building society is offering free face-to-face dementia clinics at 200 of its branches, giving health and money support to sufferers and their families. The society is funding 30 Dementia UK admiral nurses, specialist staff who will work on the high street and on the charity’s helpline. Free 45-minute clinic appointments will be open to members and … Read more