Olympics 2024 India Schedule: The Paris Olympics 2024 promises an exciting day with Indian athletes competing in various disciplines, including shooting, table tennis, sailing, wrestling, and athletics. The key event is the badminton men's singles bronze medal match, with Lakshya Sen aiming for a podium spot. In the shooting arena, Maheshwari Chauhan and Anant Jeet Naruka will compete in the mixed skeet qualification round.
In July, China's services activity saw accelerated growth due to an increase in new orders, although overseas demand experienced a slowdown to an 11-month low, according to a private-sector survey. The Caixin/S&P Global services purchasing managers' index (PMI) increased to 52.1 from June's 51.2, indicating expansion for the 19th consecutive month. The index focuses mainly on private and export-oriented companies, where a reading above 50 signifies growth.
Private banks targeted new-to-bank customers for credit on UPI with fixed deposits as collateral. With the upcoming launch of credit-line-on-UPI by NPCI, banks aimed to cost-efficiently provide small-ticket loans to customers lacking credit history. Collaborations with NBFCs or fintechs were also explored to enhance product distribution.
Oil prices dropped to their lowest in eight months amid fears of a U.S. recession. Brent crude and U.S. West Texas Intermediate futures saw minor declines. Escalating tensions in the Middle East, including Israeli airstrikes in Gaza, are raising concerns about future crude exports. Recent economic data showing weak global demand also weighed on prices.
Nifty achieved a milestone of 25,000 but later declined due to weak global market cues. Analysts predict further weakness in coming sessions. Foreign investors turned net sellers, offloading Rs 3,310 crore worth of shares. Several stocks entered the F&O ban list. Notable companies will announce their first quarter results on Monday.
The Japanese yen hit mid-January highs against the dollar following weak U.S. labor data that fueled recession concerns and anticipated deeper Federal Reserve rate cuts. The selloff in global stock markets, oil, and high-yielding currencies persisted on Monday, leading investors to seek safer assets like cash, while U.S. Treasury yields continued to drop.
In the April-June quarter, the difference between foreign and domestic institutional investors' ownership in Indian companies hit a record low of 115 basis points. The share of foreign investors dropped to 17.38%, a 12-year low, while domestic investors' ownership rose to a record high of 16.23%. The gap was widest in March 2015.
The past week saw domestic markets close marginally lower amid volatility. Key highlights included SBI's 0.9% rise in Q1 net profit, Titan’s slight profit decrease, and Divi's Labs' 21% profit growth. Airtel, ONGC, and Marico were noted for upcoming Q1 results, while Infosys had significant regulatory updates.
Japan's Nikkei 225 fell 6.7% early Monday, extending losses from last week due to concerns over the U.S. economy dealing with high interest rates. The index later recovered some ground. The S&P 500, Dow Jones, and Nasdaq also experienced declines, amplifying fears of a potential recession in the U.S.
Happy Monday! Postman, the most-valued SaaS firm, has seen secondary deals at a 30-40% discount to its peak valuation. This and more in today’s ETtech Morning Dispatch.
Asian markets declined, and bonds rallied as concerns over a potential U.S. recession grew. Investors anticipate the Federal Reserve will cut interest rates following weak employment data. Major indices and futures dropped significantly. Key earnings reports and economic indicators are expected this week to provide further insights into market conditions.
Adani Group chairman Gautam Adani, 62, announced plans to retire at 70 and transition control of his conglomerate to his sons and their cousins in the early 2030s, he revealed in a Bloomberg News interview. Adani’s four heirs – Karan and Jeet, along with their cousins Pranav and Sagar – will equally benefit from the family trust.
If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the tenth part of this series, Riju Mehta explains the difference between the two types of interest rates.
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Welspun Living Ltd is likely to benefit from the growing demand in the real estate sector, and innovation in designing. Welspun has taken strategic steps to maintain its competitive position. Focus on branding and innovation, product development, R&D, value-added services such as supply chain analytics, augmentation of online presence through marketplaces such as Myntra and Amazon, and omnichannel presence through stores and D2C sites are some such initiatives. The management has maintained a capex guidance of Rs.860 crore for 2024-25... Читать дальше...
Mirae Asset ELSS Tax Saver Fund: This fund retains the essence of its larger siblings—Mirae Asset Large Cap and Mirae Asset Large and Mid Cap—with emphasis on quality of earnings. The fund tends to give more weight to large caps compared to mid-cap ideas from the same funds. The fund portfolio size has expanded and it has pared back some of its larger positions. Should you invest?
If we focus too much on our gains from a holding, we may make decisions that are not aligned with the market trends. A stock may have risen well, but that is a poor reason to sell if it is on a growth momentum and the business is doing well. Many sell rules that don’t consider the current market performance can lead to early exits and suboptimal returns.
Equity has the ability to earn higher returns because of the businesses that are able to use borrowed funds and invest these in assets that earn higher returns.
Indian investors are increasingly looking to diversify their portfolios by investing in the US stocks. Here are the various ways in which they can do so and access some of the world’s leading companies.
Mobile phone insurance also provides protection if the phone is stolen or lost.
Now, with the tax on short-term capital gains proposed to be hiked to 20% from 15%, investors will face a higher tax burden. Will this diminish the appeal of arbitrage funds? Read here to find out
Those who want to invest in crypto might ask how they should do so. My answer would be: don’t do it. However, if you insist, choose a vehicle that operates as a regulated entity. For example, the US markets have a number of SEC-approved ETFs with holdings in Bitcoin and other cryptocurrencies. Many of these are operated by well-known parent companies like Franklin Templeton and Fidelity.
To identify operationally efficient companies, annual data for the last three years have been considered for companies with market caps greater than Rs.100 crore. Financial sector stocks have not been included. The cost-to-income ratio has been worked out for the last three financial years, with 2023-24 as the latest financial year. The companies that have maintained cost-to-income ratios lower than their respective industry medians in all of the last three financial years have been considered. Only... Читать дальше...
From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax — Budget 2024 has changed a host of tax rules that will impact your investments. Investors are now grappling with the implications of these new rules. More tax burden or much-needed relief? Find out what investors feel about the changes proposed in Budget 2024.
