Jyotivardhan Jaipuria from Valentis Advisors shares insights on investments in bank stocks due to their undervaluation. He says, over time, one has to buy bank stocks because it is one of the few cheap places left in the market today. He discusses challenges in the cement and IT sectors, the high valuations of defense stocks, and emphasizes a long-term strategy for profitability as industries consolidate and recover.
The 30-share BSE Sensex closed up 349.05 points at 82134.61
Top hotel chains in India are setting high sustainability goals, with targets like 100% green certified buildings and significant reductions in plastic waste. The hospitality industry is embracing renewable energy and innovative technologies, driving sustainability efforts ahead of global peers, thereby creating a more environmentally friendly travel experience.
India's largest lender, SBI, hopes a stock market correction will drive depositors back to banks. As retail investors seek higher returns in equities, deposit growth lags credit growth, forcing banks to raise rates. The Reserve Bank of India is concerned about the widening credit-deposit gap, which poses systemic risks.
GCCs are integral units of multinational corporations that provide cutting-edge technology, operations, analytics and AI work for the enterprises. GCC Sphere aims to work as an Integrated Marketplace for GCCs to cater to their consulting, services, solutions, talent, L&D, academia, workplace & allied requirements.
Veera Vahana has teamed up with Exponent Energy to launch the Veera Mahasamrat EV, a long-haul electric bus capable of rapid charging in 15 minutes. This innovative bus aims to reduce operating expenses for fleet owners by 30% and will initially focus on the Bengaluru-Hyderabad route with dedicated charging stations along the highway.
Bhavish Aggarwal announced on X that all products by Ola Electric will be available on the government's ONDC. He said the products can be bought on the ONDC's buyer side apps like Ola Cabs, MagicPin and Paytm.
Air Marshal Denzil Keelor (retd), renowned for his heroics in the 1965 Indo-Pak war, died at 90. Famous for shooting down a Sabre aircraft, he and his brother Trevor became legends. He received the Vir Chakra and Kirti Chakra for his remarkable courage and skill in multiple emergency situations during his illustrious IAF career.
The first leg of the Delhi-Dehradun Expressway, from Akshardham to the Eastern Peripheral Expressway, will be operational by November. This stretch includes elevated segments and service roads, easing traffic in several areas. It will improve connectivity and reduce travel time between Delhi and Dehradun, with additional links to Haridwar.
At Reliance's 47th Annual General Meeting, Chairman Mukesh Ambani outlined the company's transformation into a deep tech powerhouse. He emphasized that artificial intelligence (AI) represents a pivotal moment in human progress, offering solutions to complex global challenges.
Gainers & Losers: IndiGo, Tata Motors among 7 stocks in limelight
The Supreme Court raised concerns over Telangana CM Revanth Reddy's comments questioning the apex court's decision to grant bail to BRS leader K Kavitha. Reddy had suggested that the BJP might have influenced the decision, contrasting it with the delayed bail of other political figures. The court emphasized its duty under the Constitution.
Tracking rising temperatures is becoming a better way to forecast food inflation in India than relying on rain patterns, according to HSBC. The link between extreme heat and the price of agricultural commodities has strengthened over the past decade. Inflation remains above the Reserve Bank of India’s target due to volatile food costs.
Billionaires Gautam Adani and Mukesh Ambani, the top two wealthiest Indians on the 2024 Hurun India Rich List, added Rs 12.54 lakh crore, boosting their total wealth to Rs 35.57 lakh crore.
Rahul Gandhi shared a video of martial arts sessions from his Bharat Jodo Nyay Yatra, announcing an upcoming Bharat Dojo Yatra. He highlighted daily Jiu-Jitsu practice during the journey, aiming to teach non-violent conflict resolution. Gandhi, a black belt in Aikido and blue belt in Jiu-Jitsu, emphasized the importance of gentleness and compassion.
The Central Pension Accounting Office (CPAO) warned pensioners of increasing online scams targeting their retirement funds. In an August 2024 memorandum, they instructed banks to inform pensioners about these fraudulent activities. Scammers often exploit pensioners' trust and lack of tech knowledge to steal personal information or trick them into transferring money.
The first eight funds in the list of losers were from Quant Mutual Fund. Quant ELSS Tax Saver Fund lost 1.08% in the last one month period. Quant Value Fund lost around 1.03% in the said period. Quant Large Cap Fund and Quant Mid Cap Fund lost 0.97% and 0.91% respectively.
Celebrate Nagarjuna's birthday with his top 10 films! From classics like Shiva to emotional dramas like Manam, explore his diverse and iconic roles.
Indian equity indices Sensex and Nifty50 rebounded from a slow start to close at record highs on Thursday, driven by gains in Reliance Industries, financial and IT stocks. Sensex advanced 349 points to 82,134, while Nifty gained 99.6 points to 25,152. Despite this, overall market capitalisation fell over Rs 31,000 crore.
Moody's has raised India's real GDP growth projections to 7.2% for 2024 (up from 6.8%) and 6.6% for 2025 (up from 6.4%), citing strong, broad-based growth driven by resilient private consumption and improved business conditions. The Indian economy grew 7.8% year-over-year in the first quarter of 2024, with both the industrial and services sectors thriving despite tight monetary policy and fiscal consolidation efforts.
The yuan’s recent rally can largely be attributed to the softening of the US dollar. The dollar's slide was sparked by several factors, including the Bank of Japan’s (BOJ) unexpected rate hike, which led to an unwinding of short positions against the yen and triggered a broader sell-off of the dollar.
The Delhi High Court has refused to quash the defamation proceedings against Congress leader Shashi Tharoor over his alleged 'scorpion on shivling' remark about Prime Minister Narendra Modi. The court directed the parties to appear before the trial court on September 10 and dismissed Tharoor's plea challenging the defamation proceedings.
