Robo-advisors have one key purpose: to simplify the investment process. These automated digital platforms use algorithms to provide investment advice, portfolio management, and other services with little to no human intervention. But are they right for your needs? They’re the ultimate “set it and forget it” strategy for passive investors, but the lack of a real human touch could be holding you back. Here are some key pros and cons to consider when deciding if a robo-advisor is your best choice.Mumbai Wealth Management

Being aware of the fees you pay is important to investing wisely. One of the biggest appeals of robo-advisors is that they charge far lower fees compared to human financial advisors. Fees range from about 0.25% to 0.50% of assets under management, while they may be closer to 1% for a human financial advisor.Simla Investment

Opening a robo-advisor account can take as little as 10 minutes online. The process is very simple compared to meeting with a traditional advisor.

Once you complete the account-opening questionnaire, the robo-advisor will automatically invest your money and manage your portfolio according to your risk tolerances and goals. This hands-off approach is convenient for many.

Many robo-advisors offer automated tax-loss harvesting, selling off underperforming assets to offset capital gains and save on taxes. This perk is usually only available from human advisors charging higher fees. Here’s what else to know about using an investment loss to lower your capital-gains tax.

In addition to investment management, many robo-advisors help you plan for specific goals like retirement or buying a home through their app and dashboard.

Some robo-advisors do require minimum account balances ranging from $500 to $5,000. This threshold locks out those without much starting capital.

While robo-advisors claim to personalize your portfolio, the reality is you still end up with a largely generic asset allocation. There’s little customization beyond your risk profile. I mention tax-loss harvesting above, but automated advising has limits compared to an experienced human advisor who can utilize more advanced strategies. If you want to discuss your unique situation with an advisor, robo-advisors may leave you wanting more.

Robo-advisors are designed to make investing as simple as possible. This means one of their biggest downfalls is that they often offer narrow investment options and generic portfolios, without fully taking your personal situation into account. So, robos work well for generalized goals like retirement. But they lack expertise for specialized needs like estate planning, trusts, and managing options/derivatives.

The choice between a robo-advisor and human advisor depends on your situation. For hands-off investing with minimal fees, a robo-advisor could suffice. They can be a great choice for newer, younger investors. But for advanced planning and strategy, a human touch may still be required for advice you can trust. The tradeoff here will be cost, but the value could be well worth it if your advisor knows what they’re doing.

Jaipur Stock

Nearly 68,000 Texans and more than 800,000 people nationwide could be affected by a data breach at a Brownwood-based insurance servicer, according to filings with the Texas and Maine attorneys general offices.

Landmark Admin announced the breach on Oct. 23, and notices have been sent to those affected, according to the filingsLucknow Stock. Information potentially gathered includes names, addresses, dates of birth, social security numbers/tax identification numbers, driver’s license numbers/government-issued ID numbers, financial information such as credit card numbers, and medical and health insurance information.

Landmark offers third-party administration services for life insurance and annuity companies, including Liberty Bankers Insurance Group headquartered in Dallas. Liberty Bankers Insurance Group includes American Monumental Life Insurance Company, Pellerin Life Insurance Company, American Benefit Life Insurance Company, Liberty Bankers Life Insurance Company, Continental Mutual Insurance Company, and Capitol Life Insurance Company.

In a copy of the notice sent to those affected filed with the Maine attorney general’s office, Landmark said it received personal information from individuals who at one time were a producer, policy-owner, insured, beneficiary, or payor for insurance policies which Landmark administered, or continues to administer, for Liberty Bankers Insurance Group.

The Maine filings indicate that the breach occurred due to hacking and was discovered on May 13 when Landmark detected unusual activity in its system and promptly disconnected the affected systems and remote access to the network.

Landmark hired a third-party cybersecurity firm to secure the breach and conduct a forensic investigation, and during the investigation on June 17 the “unauthorized actor” regained access to Landmark’s system. Though the investigation confirmed that data was taken, it was not able to confirm which specific files were takenHyderabad Investment. As such, Landmark is notifying “all individuals whose private information may have been contained in its systems at the time of the incident,” on a rolling basis as they are discovered, with the first wave of notices having been sent out Oct. 23-24.

According to the filings, Landmark has taken steps to secure its systems in response to the data breach and is offering identity theft protection services through a third-company whose services include 12 months of credit and CyberScan monitoring, a $1 million insurance reimbursement policy, and ID theft recovery services.

The Federal Trade Commission advises that those affected by a data beach take advantage of identity theft services when offered, in addition to steps you can take yourself. These steps include ordering free credit reports to check for unrecognized accounts and placing a credit freeze for fraud alert to limit the ability of malicious actors to open new accounts in your name. You can find out more about how to recover from a data breach at identitytheft.gov/databreach.

Landmark Admin declined to comment at this time.

This story has been updated with a response from Landmark Admin.Related StoriesRead More

Kanpur Stock

HAL, Reliance and ONGC among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split.New Delhi Investment

The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Monday, August 19

Dividend

Reliance Industries declared a dividend of Rs 10 per share.

Action Construction Equipment declared a dividend of Rs 2 per share

Dr Agarwals Eye Hospital’s board announced a dividend of Rs2.5 per share.

Man InfraConstruction had announced a dividend of Rs 0.45 per share for its eligible shareholders.

Tuesday, August 20

AIA Engineering declared a final dividend of Rs 16.

Apar industries had announced a final dividend of Rs 51 per share.

Balkrishna Industries declared an interim dividend of Rs 4 per share.

Century Enka’s board had announced a final dividend of Rs 10 per share.

Coral India Finance & Housing will be paying a final dividend of Rs 0.4 per share.

The board of Dr Lal Pathlabs announced an interim dividend of Rs 6 per share.

Indo Borax & Chemicals declared an interim dividend of Re 1 per share.

IRB Infrastructure Developers announced an interim dividend of Rs 0.1 per share.

Jeena Seekho Lifecare’s board will be paying out a dividend of Rs 4.18 per share.

JK Paper had announced a final dividend of Rs 5 per share for its eligible shareholders.

Mitsu Chem Plast announced a dividend of Rs 0.2 per share.

National Peroxide declared a dividend of Rs 12.5 per share.

Omnitex Industries (India) had declared a dividend of Rs 8 per share.

PI Industries announced a final dividend of Rs 9 per share.

Rain Industries declared an interim dividend of Re 1 per share.

Ratnamani Metals & Tubes’ board had announced a dividend of Rs 14 per share.

Sanghvi Movers will be paying a dividend of Rs 6 per share.

Sun TV Network declared a dividend of Rs 5 per share.

The Phoenix Mills announced a dividend of Rs 5 per share.

The South Indian Bank will be paying a dividend of Rs 0.3 per share.

Titagarh Railsystems announced a dividend of rs 0.8 per share.

Wealth First Portfolio Managers announced a dividend ofRs 7 per share.

Bonus issue

PVV Infra announced a 1:1 bonus share issue and the record date for the purpose is August 20.

Wednesday, August 21

Bharat Bijlee announced a dividend of Rs 35 per share.

Credo Brands Marketing declared a dividend of Rs 0.5 per share.

Emami Paper Mills will pay a dividend of Rs 1.6 per share.

Engineers India declared a dividend of Re 1 per share.

Gateway Distriparks announced an interim dividend of Rs 1.25 per share.

HAL announced a final dividend of Rs 13 per share.

India Glycols declared a final dividend of Rs 8 per share.

ISGEC Heavy Engineering announced a dividend of RS 4 per share.

ITD Cementation’s board had declared a dividend of Rs 1.7 per share.

KPI Green Energy announced a dividend of Rs 0.2 per share.

Linc Ltd announced a final dividend of Rs 5 per share.Nagpur Stock

Pfizer announced a dividend of Rs 35 per share.

Rajapalayam Mills announced a dividend of Rs 0.6 per share.

Satia Industries will be paying a dividend of Rs 0.1 per share.

The board of Snowman Logistics will be paying a dividend of Re 1 per share.

Sumedha Fiscal Services will be paying a dividend of Re 1 per share to its eligible shareholders.

Symphony announced a dividend of Re 1 per share.

Uniparts India announced a dividend of Rs 6.75 per share.

Vidhi Specialty Food Ingredients declared a dividend of Re 1 per share.

Sprayking Ltd announced a 1:1 bonus issue with August 21 being the record date for the purpose.

Thursday, August 22

A-1 Acid Ltd announced a dividend of Rs 1.5 per share.

Aster DM Healthcare announced a dividend of Rs 2 per share.

Benares Hotels declared a dividend of Rs 25 per share.

Globus Spirits will be paying a dividend of Rs 3.5 per share.

Goldiam International’s board declared a dividend of Re 1 per share.

Hester Biosciences declared a dividend of Rs 6 per share.

Hindware Home Innovation announced a dividend of Rs 0.4 per share.

IRFC will pay a dividend of Rs 0.7 per share.

Investment & Precision Castings declared a dividend of Re 1 per share.

Jindal Steel & Power announced a dividend of Rs 2 per share.

Kakatiya Cement Sugar & Industries announced a dividend of Rs 3 per share.

LG Balakrishnan & Bros announced a final dividend of Rs 18 per share.

Mazda Ltd will be paying a dividend of Rs 16 per share.

The board of Omax Autos will pay a dividend of Re 1 per share to its eligible shareholders.

Panama Petrochem declared a dividend of Rs 4 per share.

Relaxo Footwears declared a final dividend of Rs 3 per share.

SIRCA Paints India announced a dividend of Rs 1.5 per share.

Thejo Engineering announced a final dividend of Rs 3 per share.

Money Masters Leasing & Finance announced a split of its shares from a face value of Rs 10 to Re 1. The record date for the purpose is August 22.

Friday, August 23

ABB India announced an interim dividend of Rs 10.66 per share.

AK Capital Services announced a dividend of Rs 8 per share.

Astra Microwave Products declared a dividend of Rs 2 per share.

Bhageria Industries will be paying a dividend of Re 1 per share.

Bhatia Communications & Retail (India) declared a dividend of Rs 0.01 per share.

Crest Ventures announced a dividend of Re 1 per share.

Crestchem will pay a dividend of Rs 0.5 per share.

Deepak Spinners announced a dividend of Rs 0.5 per share.

Everest Kanto Cylinder declared a dividend of Rs 0.7 per share.

Gandhar Oil Refinery (India) declared a dividend of Rs 0.5 per share.

Godfrey Phillips India’s board announced a final dividend of Rs 56 per share.

Gujarat Ambuja Exports declared a dividend of Rs 035 per share.

Gujarat Hotels announced a dividend of Rs 2.5 per share.

IL&FS Investment Managers announced a dividend of Rs 0.7 per share.

The board of IRCTC declared a final dividend of Rs 4 per share.

Insecticides (India) announced an interim dividend of Rs 2 per share.

Kfin Technologies declared a dividend of Rs 5.75 per share.

KP Energy’s board will pay a dividend of Rs 0.10 per share.

Kronox Lab Science announced a dividend of Rs 0.5 per share.

Kuantum Papers declared a dividend of Rs 3 per share.

LIC Housing Finance declared a dividend of Rs 9 per share.

Max Healthcare Institute announced a dividend of Rs 1.5 per share.

Mayur Uniquoters announced a final dividend of Rs 3 per share.

Meera Industries declared a dividend of Rs 0.5 per share.

Natco Pharma will pay an interim dividend of Rs 3 per share.

ONGC announced a dividend of Rs 2.5 per share.

Rashi Peripherals announced a dividend of Re 1 per share.

RJ Shah & Company declared a dividend of Rs 2.5 per share.

SKP Bearing Industries announced a final dividend of Rs 1.1 per share.

Surya Roshni announced a dividend of Rs 2.5 per share.

The Federal Bank declared a dividend of Rs 1.2 per share.

The Yamuna Syndicate declared a final dividend of Rs 400 per share.

Upsurge Investment & Finance’s board announced a dividend of Rs 0.5 per share.

Vedant Fashions announced a final dividend of Rs 8.5 per share.

Venky’s (India) declared a final dividend of Rs 7 per share.

CDSL announced a 1:1 bonus shares issue and the record date for the purpose is August 23.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Bangalore Investment

Established in 2005, Wigwam Mortgage Solutions is the trading style of James Bernard Scully which is an Appointed Representative of Stonebridge Mortgage Solutions, which is one of the largest and longest established adviser networks in the UK.Simla Investment

There have been many changes in the mortgage market over recent years, but as the market has evolved so have weGuoabong Investment!Agra Investment

As many local and national brokers closed down or scaled back their proposition, we saw an opportunity to expand our business model by developing on-line tools that make it easy to do business with customers all day every day, backed by the experience and knowledge that gives you the high level of advice and support needed with such an important transaction.

Benefit from our service, coupled with our experience and expertise.

We are committed to getting you the best mortgage – just give us the chance to help you.Surat Investment

– We provide our services to suit you, whether face to face, telephone or email

– We search the whole market to ensure we find the right mortgage for youChennai Stock

– We continue to monitor the market place and will keep you updated on opportunities

Guoabong Stock

After becoming part of Tata, Air India is eyeing a significant resurgence in the Indian aviation market, positioning itself ahead of competitors both domestically and internationallyNagpur Stock. The airline is not only focusing on passenger services but also striving to revitalize its freight and cargo operations network in India and globally.

While Air India is renowned as an Indian passenger carrier, it has a history of operating air cargo services. Air India Cargo, the freight-carrying subsidiary, initiated freight operations in 1954 with a Douglas DC-3 aircraft. Subsequently, the airline acquired a Boeing 747 and a Douglas DC-8, making it the first Asian airline to operate freighters.Jaipur Investment

Operating the Boeing 747 and Douglas DC-8 aircraft on international routes between the 1980s and 1990s, cargo has consistently been an integral part of Air India’s operations. Despite a temporary halt to cargo services, the airline resumed freighter operations in 2006 with two A310 aircraftNagpur Investment. However, in 2012, due to escalating losses, operational challenges, and heightened competition from Middle Eastern carriers, Air India suspended cargo operations.

Post-privatization, the airline is eager to reclaim its legacy in the Indian aviation market. Earlier this year, Air India ordered 470 aircraft, aiming to bolster its global network with advanced aircraft like Airbus A350s. Recently, the airline made significant adjustments to its Airbus aircraft order, expressing a preference for additional A350-900s and A321neos. The widebody order now includes 20 A350-900s and 20 A350-1000s in equal numbers. Additionally, the narrowbody category sees revised orders for 140 A321neos and 70 A320neos.

The airline is preparing to receive its first Airbus A350-900 aircraft by the end of this month, featuring a new livery. Alongside this, the airline will unveil the new cabin for its A350. In a promising move, Air India Cargo was seen as an exhibitor at the India International Cargo Show 2023 in Mumbai, signaling its intent to enhance the prominence of its cargo business both in India & globally.

This announcement comes after the airline unveiled new crew uniforms designed by Indian fashion designer Manish Malhotra. While there is no indication of acquiring new cargo freighters in the current fleet, the possibility remains open for the future.

Earlier this year, Air India appointed Ramesh Mamidala to lead its cargo business, bringing over 25 years of air cargo experience with leading airlines such as Emirates SkyCargo and Qatar Airways Cargo, as well as expertise in cargo handling and airport operations. Mamidala, until recently, served as the chief cargo officer at Adani Airports Holdings, overseeing cargo business across seven airports under its management.

Left to Right: Ramesh Mamidala, Sudeep Narayan, Saket Gupta

Recent developments include strategic additions to Air India’s cargo division. Saket Gupta, with 24 years of experience at Lufthansa Cargo, joined as the assistant vice president responsible for cargo pricing and revenue management. Sudeep Narayan was hired to head international sales for the airline’s cargo operations, bringing two decades of experience with carriers such as Emirates SkyCargo, Etihad Cargo, and forwarders like Dachser and EFL.

Collaborating with global carriers is a priority for Air India to scale up its network in other countries. Lufthansa recently expressed willingness to expand cargo collaboration with Air India to increase cargo volumes.

In a strategic move, Delhi has solidified its position as a key cargo hub for Air India, connecting vital routes to the US, Canada, Europe, and Australia. Air India has introduced an innovative feeder service, combining road and air transport to efficiently transport bonded cargo from various regions across the country to Delhi. This initiative not only optimizes cargo operations but also enhances outbound cargo capacity from Delhi.

In the April-June quarter, Air India’s share of India’s international air freight stood at 6.7%, ranking it fifth behind industry giants like Emirates, Qatar Airways, Aerologic, and Cathay Pacific. This scenario has prompted Air India to reassess its approach to cargo operations.

In summary, Air India’s strategic repositioning in the cargo market underscores the company’s commitment to diversification and expansion. With its historical significance, renewed focus on cargo services, and a dynamic leadership team, Air India is poised to make a substantial impact on India’s international air freight market.

Kanpur Investment

NRIs looking for potentially higher returns can consider investing in the Indian stock markets through Portfolio Investment Schemes (PIS). This allows them to invest in shares, mutual funds, and bonds. To get started, you must open a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) account for processing all transactions and accessing leading stocks on Indian exchanges like BSE and . However, be aware that equity markets can be volatile, so stay informed about market trends. For equity investments, adopting a long-term strategy and consulting a financial advisor is highly recommended for informed decision-making.Varanasi Stock

For NRIs who prefer to avoid direct investments, mutual funds are a diversified alternative, allowing exposure to equities, bonds, and other financial instruments. NRIs can invest in Indian mutual funds through NRE or NRO accounts. These professionally-managed portfolios cater to different risk levels, and help balance risk while providing long-term growth potential without requiring active management. Before investing, consider the risks and tax implications, as taxation for NRIs varies by fund type and holding period. Consult a financial advisor to gain a deeper understanding of mutual fund investments and their tax considerations before investing.

With rising property prices, real estate offers a promising investment opportunity, especially for NRIs seeking long-term appreciation and rental income. NRIs have the option to invest in both residential and commercial properties in India with a few restrictions. However, investments in agricultural land or plantations are prohibited unless inherited. It is essential to consider the challenges of managing properties from abroad when evaluating real estate investments. Typically, NRIs conduct real estate transactions in India through FCNR, NRO, or NRE bank accounts.

NPS is a government-backed, long-term retirement plan that is open to NRIs. Contributions to the NPS qualify for tax deductions under Sections 80C and 80CCD, and the accumulated corpus can be withdrawn upon retirementGuoabong Investment. NPS offers a range of investment options, including equities, corporate bonds, and government securities. However, the maturity amount is partially taxable.

NRIs looking for low-risk, fixed-income investments may find government bonds and corporate debentures appealing. The Reserve Bank of India’s (RBI) Retail Direct platform has simplified the process of investing in government securities for NRIs. It offers a convenient, cost-free experience with no brokerage fees, commissions, annual maintenance charges, or account opening costs. Through this platform, NRIs can invest in government securities (G-Secs), state development loans (SDLs), and treasury bills (T-bills). However, do note that NRIs cannot invest in sovereign gold bonds (SGBs) or floating rate bonds via this platform.

While NRIs cannot open new PPF accounts, they can continue contributing to existing ones if the account was established before their NRI status. PPF is another government-backed savings scheme that offers guaranteed returns with attractive tax benefits under Section 80C. PPF accounts have a 15-year lock-in period, and withdrawals are subject to specific restrictions. NRIs should evaluate their liquidity needs before deciding whether to maintain their PPF accounts.

Whether you are aiming for high returns in equity markets or prioritising safety with fixed deposits and bonds, it’s crucial for NRIs to understand the tax implications, risk factors, and regulatory requirements before investing. Consulting financial advisors who specialise in NRI investments can guide you in making informed decisions.

Mumbai Wealth Management

Financial therapy—a relatively new field that combines the emotional support of a marriage counselor with the money mindset of a financial planner—could help couples navigate disagreements, money concerns and financial conflicts before these issues tear relationships apart.

“Money is a big thing and ignoring it is impeding satisfaction in relationships,” said Megan Ford, a couples and financial at the University of Georgia who studies and relationship satisfaction. “Therapists need to work together to solve problems that occur around financial behaviors of couples and learn how to connect to all of their emotions.”

Ford, the clinical director of the ASPIRE Clinic at UGA that provides counseling and educational services, including financial therapy, is collaborating with John Grable, Athletic Association Endowed Professor of Family and Consumer SciencesSurat Stock. The two are exploring what influence financial therapy can have on relationship outcomes and how gaining a better understanding of these issues might affect a couple’s decision to seek help from a and a family therapist.Simla Investment

The duo has been studying the issue for the past decade and believe that financial therapy improves a couple’s overall well-being and if they understand that many financial behaviors are tied to feelings and beliefs.

Grable, a financial , was involved in starting the Financial Therapy Association in 2008 and Ford, a graduate student at the time, worked as a financial therapist at the country’s first financial therapy clinic, started at Kansas State University with help from Grable.

In their most recent study at UGA, published in Contemporary Family Therapy, Ford and Grable worked with six couples, ranging in age from 21-76, who shared their financial goals with a family therapist and financial planner and discussed how their money history related to their current situation.

In three, 30-50-minute sessions over five weeks, the couples were encouraged to talk about their feelings regarding money in a nonjudgmental space. Afterward, nearly all of those who participated said they wanted to learn more about their financial behaviors, realized they needed to communicate better and would consider seeking the help of a financial planner.

“One woman was close to tears listening to her husband explain an early memory in their relationship about money that she didn’t understand at the time,” Grable said. “The story helped explain his odd behavior that she always thought of as just being mean. They left clearly closer emotionally and financially feeling more powerful.”

The two researchers said there is a lot of anecdotal information about how the inability of couples to talk about their financial goals, money history or past experiences causes serious problems but not much concrete evidence-based research to back it up.

“The NoBangalore Investment. 1 reason for arguments is often money,” Ford said. “We know it and believe it but there is not a huge body of literature on the topic.”Pune Investment

Although there are more than 80,000 certified financial planners and 50,000 therapists in the United States, the FTA—which just began a certification program in 2019—lists less than 50 certified financial therapists throughout the country, a figure the two UGA researchers think needs to increase.

Since money can be such an emotional trigger, they believe that financial —even just a few sessions—needs to be incorporated into a ‘s practice because financial planners, like Grable, are not traditionally trained to deal with the psychological issues that surrounds money.

“I’m a financial planner; I love money,” said Grable. “But the last thing I want to happen is a couple coming in crying or yelling. I’m uncomfortable with that, it makes me nervous. That’s why we need therapists trained in this area.”Indore Investment

New Delhi Wealth Management

Inbound investment sprees in China as the COVID-19 pandemic weighs on global uncertainty, research firm Rhodium Group says in an online report.

The firm dived into data, which tells an opposite story from people’s conventional perspective. Unlike in the 2008 financial crisis, there are no signs of Chinese capital rushing out to buy overseas equity of which values have been depressed by the COVID-19 pandemicJaipur Wealth Management. Instead more foreign firms are buying into China, including deals in the more sensitive industries of finance and technology.Indore Stock

“Over the past 18 months, we have recorded levels of foreign M&A (mergers and acquisitions) into China that were not seen in the previous decade,” the firm’s partner Thilo Hanemann and founding partner Daniel Rosen noted in the report.

“Most of that activity has been driven by American and European firms taking advantage of looser foreign ownership limits or betting on Chinese consumer demand,” the report read.

Contributors to surging Chinese inbound investment

One factor favorable for foreign investors is the continuous efforts by China to open up its financial sector. Over the past years, the Chinese government has gradually increased the number of industries in which foreign businesses can operate, and has also removed foreign ownership caps for banks, financial assets management, brokerage, futures and insurers.

In May, Volkswagen pumped 2 billion euros in two Chinese NEV firms. The German auto giant is taking control of its joint venture with Anhui Jianghuai Automotive for 1.1 billion U.S. dollars, marking the first case of mixed ownership reform of state-owned car enterprises in China, which involves foreign capitalUdabur Stock. It is also buying a 26-percent stake in Chinese battery maker Guoxuan High-Tech for 1.2 billion U.S. dollars.

Additionally, many foreign financial institutions in particular are buying up majority stakes in their Chinese joint ventures and applying for licenses to manage more local money, such as Morgan Stanley and Goldman Sachs, who have received regulatory approval in March to buy majority stakes in their joint ventures in China.

The Rhodium report pointed out that another factor behind the investment trend is that, in some industries, Chinese businesses have now become leaders – partly through the rise of start-ups and government policy support.

“For the first time, therefore, it is attractive for foreigners to buy technology and industrial assets rather than build from scratch,” the report noted.

Non-stop opening-up despite external tensionsLucknow Stock

Since the U.S. began stepping up pressure on China with tariffs about two years ago, the political campaign has spread to technology and finance. Despite an increasingly tense geopolitical environment, business interest of foreign investors in China is rising.

The COVID-19 pandemic is dragging down the world economy to the worst situation since the Great Depression. Both largest economies contracted in the first quarter. China’s economy is fighting to recover with the outbreak being under control, while many economists expect the U.S. GDP will fall by more than 40 percent in the second quarter.

Amid the economic and geopolitical pressures, Chinese companies are investing less overseas, according to data disclosed by China’s Ministry of Commerce. But foreign investment rose 7.5 percent in May to 68.63 billion yuan (9.87 billion U.S. dollars) year on year.

China’s top regulators emphasized at the high-level Lujiazui Forum financial conference in Shanghai last week that the country will keep opening up its local market to the world

Guoabong Investment

Coal India Limited (CIL), the world’s largest coal producer and a significant contributor to India’s domestic coal production, has announced its first interim dividend for the fiscal year 2024-25 and provided insights into its Q2 performance. The state-run miner is making headlines not only for its shareholder rewards but also for its decision to close a subsidiary, CIL Solar PV Limited, in response to market competition pressures.

Coal India’s Q2 Performance

Coal India reported a substantial dip in its consolidated net profit for the July-September quarter, revealing a 22% drop to Rs 6,289.10 crore compared to Rs 8,048.6 crore during the same period last year. This downturn was attributed to weaker sales during the quarter, reflecting broader economic challenges and sector-specific issues impacting coal demand.

The company’s revenue from operations also saw a decline, slipping by 6.4% to Rs 30,672.9 crore, down from Rs 32,776 crore a year earlier. Despite Coal India’s dominance in the domestic coal production sector, accounting for approximately 80% of the country’s total output.

Production Performance

During FY2023-24, Coal India’s coal output rose by 10% to reach 773.6 million tonnes (MT). Although this represents a year-over-year increase from 703.2 MT in the prior fiscal year, the company still narrowly missed its annual production target of 780 MT.

In terms of operational profitability, Coal India’s earnings before interest, taxes, depreciation, and amortization (EBITDA) declined by 14.2% to Rs 8,617 crore, down from Rs 10,038.2 crore a year earlier. The EBITDA margin also contracted, standing at 28.1% compared to 30.6% in the same quarter last year.Simla Investment

Interim Dividend AnnouncementKolkata Investment

The company has declared its first interim dividend for FY2024-25 at Rs 15.75 per share on a face value of Rs 10. This payout is a notable gesture, especially as the company’s share price has recently corrected by over 6% in a week. According to the filing, the record date for this dividend has been set for November 5, 2024, and shareholders can expect payment by November 24, 2024.

Coal India’s stock has faced recent volatility, with its share price closing at Rs 461.15 on October 25, reflecting a decline of 3.36% compared to the previous close. The stock has traded between a high of Rs 479.85 and a low of Rs 459.05, with 3.08 lakh shares exchanging hands on the BSE against a two-week average volume of 2.04 lakh shares. In the last two weeks, Coal India shares have declined by 6.46%, and the stock is down 8.73% over the past month.

Despite these short-term corrections, Coal India has shown resilience on a year-to-date (YTD) basis, registering a 20.78% gainGuoabong Stock. Over a longer horizon, the stock has delivered impressive returns, rising by 164.88% in the last three years and 124.08% over the last five years.

Coal India has also announced its decision to close its wholly-owned subsidiary, CIL Solar PV Limited (CSPL). Initially launched to explore opportunities in the solar sector, CSPL struggled to gain traction amid fierce competition from established players. Market dynamics, including government restrictions on importing solar technology from certain countries, posed additional hurdles for the subsidiary.

In a regulatory filing, Coal India clarified that CSPL’s exit will be completed over an 8-10 month period. The decision reflects the PSU’s acknowledgement of the high barriers to entry in the solar sector, where domestic producers face steep challenges in competing against imported technology.

Kanpur Stock

Course Name: Diploma in Investment Banking

Course Id: DIB/Q0001.

Education Qualification: 12th Pass.

Duration: 370 Hrs (Equivalent to One Year).

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill Your Billing Details and Proceed to Pay.

Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After Payment You will get Study Material Login id and Password on your email id.

Step 7- After Completion of Course Study give Online Examination.

Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).

Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.Mumbai Stock Exchange

Online Examination Detail: Duration- 120 minutes. No. of Questions- 60Varanasi Investment. (Multiple Choice Questions). 10 Questions from each module, each carry 10 marks. Maximum Marks- 600, Passing Marks- 40%. There is no negative marking in this module. How Students will be Graded: S.No. Marks Grade 1 91-100 O (Outstanding) 2 81-90 A+ (Excellent) 3 71-80 A (Very Good) 4 61-70 B (Good) 5 51-60 C (Average) 6 41-50 P (Pass) 7 0-40 F (Fail)

Benefits of Certification: Government Authorized Assessment Agency Certification. Certificate Valid for Lifetime. Lifetime Verification of Certificate. Free Job Assistance as per your Interest Area.

Basics of Accounting: Introduction, objectives, development of accounting discipline, types of accounting, meaning and features of accounting principles, kinds of accounting principles.

Mutual Fund Management: Introduction, different types of funds, structure and key constituents of mutual funds, legal and regulatory framework, net asset value, financial planning, marketing of units, portfolio management, measuring fund performance, protection of investors.

Financial Management: Introduction, definitions of financial management, nature of financial management, objectives of financial management, time value of money, capital budgeting.

Corporate Finance: Introduction, objectives, classification of finance, corporate finance, role of a finance manager, international financing, equity shares, types of preference shares, functions of money market, impact of interest rate.

Total Quality Management: Introduction, need for quality, seven tools of quality control, the cost of quality, basic concepts of TQM, barriers to TQM, integrated system, decision making.

Business Administration: Concept nature and type of business, forms and structure of business organization, constituents of business environment, internal and external factor affecting functional decisions of business, business plan tools & sample business plan, teamwork and group dynamics, leadership and motivation.

Surat Wealth Management