Author: TI Editor

Q. My wife and I have been investing in an equity mutual fund for the past 7 years. We now intend to diversify. Many of our acquaintances have suggested that we invest in the hybrid mutual funds category. Can you please elaborate on multi-asset allocation funds, the pros and cons of investing in them and how multi-asset allocation funds are different from equity mutual funds.Vikrant Sharma, New DelhiWhat are multi-asset allocation funds?Multi-asset allocation funds are hybrid mutual funds that invest in at least three different asset classes, with a minimum allocation of 10% in each asset class. Typically multi-asset allocation…

RPG Group Chairman Harsh Goenka expressed gratitude to JSW Steel Managing Director Sajjan Jindal for praising his son Anant Goenka.Jindal said Harsh Goenka’s son, Anant Goenka, is ‘smarter’ than his father while highlighting the exceptional performance of the next generation of business leaders.“To a point, Harsh Goenka’s son is smarter than Harsh Goenka, and he’s doing an extremely good job,” Jindal stated at the EY Entrepreneur of the Year awards programme. He also praised Uday Kotak’s son, Jay Kotak and said, “Jay is extremely smart, working in the bank, and doing extremely well.”Goenka shared a clip of Jindal’s statement on…

Gensol Engineering Ltd on Friday announced that it had re-appointed Jabirmahendi Aga as its new Chief Financial Officer (CFO), effective immediately.Aga will replace Ankit Jain, who has decided to pursue other opportunities, the company said in an investor release available on stock exchanges.Shares of Gensol Engineering Ltd slipped following the announcement on Friday, opening at its intraday low of ₹307.25 apiece on the NSE. This marks the 10th consecutive session for the stock being in red, despite it gained in early trade. At 10:50 am, Gensol Engineering stock was down 3.18 per cent at ₹324.15 per share.Who is Jabirmahendi Aga?Jabirmahendi…

Infosys has said that it will implement changes in its attendance software to make sure that employees work for at least 10 days a month from office. In an email to functional heads, Infosys said that the new policy will be effective from March 10.According to a report by The Economic Times the new changes will put a cap on the number of work-from-days that can be applied each month.“To support this, starting March 10, 2025, system interventions will be implemented to limit the number of work-from-home days that can be applied each month. These measures are designed to ensure…

L&T Chairman SN Subrahmanyan, who came into the spotlight months ago for endorsing 90-hour work weeks, on Thursday announced that women employees in the L&T parent group will now be entitled to one day of paid menstrual leave.Women employees comprise of roughly 9 per cent of L&T’s 60,000-strong workforce. The move is expected to benefit over 5,000 women employees at the company.Subrahmanyan announced the move at a company event to celebrate International Women’s Day, PTI reported quoting sources.Exact details of how to implement the announcement will be formulated by the relevant officials shortly, the wire agency reported.With the announcement, L&T…

US President Donald Trump has signalled his willingness to save the popular short-video app TikTok from another potential ban. Notably, TikTok was briefly taken offline in the US due to a bipartisan law called the Protecting Americans from Foreign Adversary Controlled Applications Act, but upon resuming office, Trump gave the app a 75-day reprieve to comply with the law via an executive order.The law stated that TikTok had to cut ties with its Chinese parent company, ByteDance, or be banned in the US. While granting the extension in January, Trump had proposed a possible joint venture between TikTok’s current and…

Sunny Hu was about to go to bed when her phone lit up bearing bad news for her outdoor furniture business: More US tariffs just dropped. “I’m speechless. I feel like there’s nothing I can do,” said Hu, whose company makes patio sets in eastern China and sells mostly to American retailers. The next day, her US sales team brought another dreaded update — some customers held their orders because of Donald Trump’s torrent of levies. Trump’s rapid-fire measures are rippling across a sector that powered almost a third of China’s growth last year. The tariffs look set to inflict…

(Bloomberg) — Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, turning one of the oldest, most recognizable US drugstore chains into a private company. Sycamore will pay $11.45 a share in cash for Walgreens, according to a statement Thursday. The offer represents a roughly 8% premium to Walgreens’ closing price Thursday in New York. The shares rose 5.7% after US markets closed before being halted.  A representative for Walgreens didn’t immediately respond to a message seeking comment. The Wall Street Journal reported the news earlier.  The purchase price is a stunning decline from Walgreens’…

With the 25% tariff US President Donald Trump levied on imports from Mexico and Canada, Volkswagen expects that its vehicles made in North America will most likely avoid them. However, other carmakers, including BMW, may not be exempt, according to a report by news agency Reuters.This week, Trump granted one-month relief on tariffs to automakers that complied with the United States-Mexico-Canada Agreement (USMCA), after stating that duties would go into effect on March 4. The automakers that will eventually face tariffs remain unclear.Vehicles made by Volkswagen in North America comply with USMCA, the report quoted a Volkswagen spokesperson. While BMW…

(Bloomberg) — A day before President Donald Trump delayed tariffs on some Mexican and Canadian goods, a group of restaurant chains that included McDonald’s Corp. and Chick-fil-A told White House officials that the duties would have an immediate negative impact on the industry because it relies on imported meat and produce. Representatives for several restaurant companies, which also included Taco Bell parent company Yum! Brands and Dunkin’ owner Inspire Brands, met with White House economic advisers on Wednesday, according to people familiar with the matter.  The meeting, led by the National Restaurant Association, was planned weeks in advance as part…