Fund houses are exploring ways to differentiate themselves in the hybrid space. A relatively unknown hybrid fund variant, Balanced Hybrid, is about to see its first launch since the introduction of mutual fund (MF) scheme categorisation norms in 2017. WhiteOak Capital MF has filed papers with the regulator for this […]

European stocks fell in cautious trade on Monday as investors exercised caution ahead of China’s trade balance figures and inflation readings from the United States and China due this week. Meanwhile, official data showed that Germany’s industrial production declined more than expected in June on weak auto production. Industrial production […]

Every U.S. president since Ulysses S. Grant has been either a Republican or a Democrat. Dominated by only two major parties for over a century and half, American politics has long been a breeding ground for partisanship. While some level of political polarization can be a feature of a healthy […]

San Francisco’s Bay Area was an affordable hippie and music enclave in the 1960s that later became a magnet for the gay community in the 1980s. The rise of the U.S. tech industry in the ’90s radically transformed the region, pricing out many people who were not attached to lucrative […]

Stocks have shown wild swings over the course of morning trading on Friday, as traders digest the Labor Department’s closely watched monthly jobs report. After an early move to the upside, the major averages pulled back sharply only to show a notable rebound shortly afterward. Currently, the major averages are […]

“How did I become Tom Joad? I used to write for a living.” Tom Joad was the hapless farmer in The Grapes of Wrath who fled the Dust Bowl to find a better life in California. The man who cited him this week is a successful screenwriter who’s been walking […]

Motion Picture Sound Editors is waiving dues payments for its members for the current year “in consideration of the ongoing strikes” by SAG-AFTRA and the Writers Guild. The waiver was approved unanimously by the organization’s board. MPSE is not a union but a nonprofit organization of professional sound and music […]

During the spring 2023 semester, U.S. college students reported experiencing high levels of worry and stress, according to a recent poll by Gallup. 76 percent of U.S. college students reported experiencing enjoyment during much of the prior day. However, majorities also said they felt stress (66 percent) and worry (51 […]

At the annual general meeting (AGM) of Larsen & Toubro (L&T) on Wednesday, shareholders made the usual request to the top management for bonus shares. But this time, the setting was different. The man at the helm,  outgoing group chairman AM Naik, 82, was heard assuring shareholders that he would […]

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per […]