Financial experts say retirement planning should focus on purpose-driven portfolios rather than arbitrary corpus targets. A balanced mix of liquidity, fixed income and equities can provide stable income, protect against inflation and support long-term financial security throughout retirement.
U.S. markets closed mixed as the Nasdaq declined on chip stock weakness driven by concerns over heavy AI spending, while the Dow rose and the S&P 500 was nearly flat. Falling oil prices offered support, though geopolitical tensions and tariff developments kept investor sentiment cautious ahead of major tech earnings.
ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the company noted that premium products gained market share.
Wall Street opened mixed after a sharp tech-led selloff, with the Dow inching higher while the S&P 500 and Nasdaq slipped. Investors remained cautious amid fresh earnings, renewed Trump tariffs and rising Middle East tensions, with oil prices and inflation concerns continuing to influence overall market sentiment.
Digital Realty Trust has raised its forecast for funds from operations for the entire year, driven by a surge in leasing activity from cloud computing and AI users. For fiscal 2026, the expected adjusted funds from operations now range between $8.15 and $8.20. Additionally, the company upped its annual revenue projections to between $6.85 billion and $6.
Veteran investor John Rogers emphasizes the constant need to guard against groupthink. This phenomenon occurs when individuals conform to group views instead of independent evaluation. Encouraging diverse perspectives and challenging assumptions improves decision-making in various settings.
FMCG major Tata Consumer Products on Friday reported a consolidated net profit of Rs 427 crore for the April-June quarter of FY27, marking a nearly 28% year-on-year (YoY) rise from the Rs 334 crore net profit reported in the same period last year.
ACC reported a 61% YoY decline in June-quarter profit to Rs 147 crore as lower cement volumes, weaker operating margins and planned maintenance hit earnings. Revenue also fell, though the company saw improved trade sales, higher premium product mix and continued progress on capacity expansion and its merger with Ambuja Cements.
On Friday, the Indian rupee dodged a plunge to record lows thanks to decisive action by the Reserve Bank of India. State-run banks stepped in to sell dollars, likely under central bank directives, to alleviate mounting pressure. Escalating oil prices and increased corporate hedging had nearly pushed the currency to historic lows.
ICICI Bank successfully issued a five-year dollar bond worth $1 billion, achieving a notably tighter spread. This offering stands as the largest for an Indian bank in almost fourteen years. With a coupon set at 100 basis points above U.S. Treasuries, it surpassed initial expectations. The offering utilized the central bank’s cost-effective hedging facility for international fundraising and drew $3 billion in bids against a base of $500 million.
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