PM takes regular updates on Bengal policy execution from CM: Samik

Hedge funds have recently faced substantial setbacks, primarily due to widespread trades within unstable markets. Systematic managers lost about 25% of their returns for the year, significantly affecting their overall performance. This downturn arose from substantial bets on U.S. and Asian equities, both of which faced dramatic price fluctuations. Additionally, fundamental managers also reported losses…

Nomura remains positive on India’s automobile sector after strong June sales, saying electric vehicle adoption has reached an inflection point. The brokerage expects continued momentum driven by new launches and improving charging infrastructure, while naming Mahindra & Mahindra, Hyundai Motor India, Ather Energy and Sona BLW among its top picks.

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due…