Two out of three loans in this sector are financed by Bajaj Finance. So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the worst is behind them.
India's trade ministry has advised imposing an anti-dumping duty on aluminium foil imports from China. This recommendation follows a surge in Chinese shipments, which have claimed nearly a third of India's market despite sufficient local production. The proposed duty targets foil up to 80 microns thick, aiming to protect domestic manufacturers.
Designed from a futuristic perspective, the revolving short term loans aim to address the financing needs of small businesses and significantly cut short the credit turnaround time.
Japan is working to address labor shortages by promoting four-day workweeks. Though the government supports this initiative, it has been slow to gain traction. Various companies, including Panasonic and Fast Retailing Co., are experimenting with flexible schedules to improve work-life balance and retain a viable workforce amid a declining birth rate.
Kotak Mutual Fund has introduced the Kotak Crisil-IBX AAA Financial Services Index – SEP 2027 Fund, an open-ended debt index fund targeting the CRISIL-IBX AAA Financial Services Index – Sep 2027. It has high interest rate risk, low credit risk, and will largely replicate the index.
Young girls are increasingly using high-end skincare products influenced by social media, leading to serious skin damage and mental health concerns. Dermatologists warn these products can harm children's sensitive skin, and experts emphasize the negative effects on self-esteem and body image caused by unrealistic beauty standards promoted online.
The NGP is designed to govern “space activities” carried out by Indian entities from within the Indian Territory, which includes a wide range of activities ranging from operation of space objects to space transportation including launches.
Domestic markets saw a steady rise in August, with the Sensex gaining nearly 1%. Smallcap stocks outperformed, with 197 of them offering double-digit returns, and some even rising over 50%. Analysts maintain a positive outlook due to domestic inflows and potential Fed rate cuts in the September meeting.
The police have registered a case against a couple after they allegedly assaulted a cab driver in Ghatkopar following a minor collision involving their luxury car. The incident was caught on CCTV, showing the driver being slammed to the ground, resulting in serious head injuries. Investigations are ongoing.
The Chief Minister, currently on a visit to the USA to attract investments to Tamil Nadu, on Saturday described the visit to the offices of Apple, Google and Microsoft as "awe-inspiring."
China’s solar manufacturers face a tough earnings season with combined losses of $2 billion. Overcapacity has driven prices down, leading to some companies restructuring. Goldman Sachs and Morgan Stanley predict factory closures and price stabilization. The industry seeks government intervention to help reallocate resources and regulate expansion.
Defending champion Novak Djokovic faced his earliest exit at the US Open in 18 years, losing to Alexei Popyrin in the third round. Djokovic admitted to playing some of his worst tennis ever and mentioned fatigue from his Olympic gold win. This defeat means Djokovic ends the season without a Grand Slam title for the first time since 2017.
Nifty closed at a record high, facing a minor barrier at 25,330. With potential for significant gains and possible increased bullish activity, the IT sector is now active, and while banking stocks lag, they present a high-risk, high-reward opportunity.
The ability to streamline and automate the retail expansion process can offer brands a decisive advantage.
India is becoming a significant player in the global esports market, with 568 million gamers and over 9.5 billion gaming app downloads in 2023.
Robert Vadra, husband of Congress general secretary Priyanka Gandhi Vadra, criticised BJP MP Kangana Ranaut for her remarks on farmers' protests. He asserted that she does not merit a place in Parliament due to her lack of education and self-centered attitude. Vadra emphasised the urgency of addressing women's safety and called for collective action from all political parties.
ETMarkets identified eight six stocks from the BSE Midcap pack that showed consistent price increases during this timeframe.
Kedranath Helicopter crash news: On Saturday morning in Kedarnath, a defective helicopter met a tragic end during a rescue operation. It fell from the sky while being airlifted by an Indian Army chopper, the MI-17. The accident occurred when the towing rope, used to lift the defective helicopter, snapped.
Defending champion Novak Djokovic was ousted from the U.S. Open, losing in the third round to Alexei Popyrin. This marks Djokovic's first year without a Grand Slam title since 2017. Additionally, 2024 will be the first time since 2002 that none of the Big Three—Djokovic, Nadal, Federer—won a Slam trophy.
The National Tiger Conservation Authority has approved the filming of a web series on Project Cheetah to highlight India's efforts in reintroducing cheetahs. The series, to be aired on Discovery Network, will start filming in September. It will cover the project's challenges and progress, with a focus on Kuno National Park and Gandhi Sagar Wildlife Sanctuary.
BNP Secretary General Mirza Fakhrul Islam Alamgir has called for the extradition of former prime minister Sheikh Hasina from India, stating it is crucial for improving Indo-Bangla ties. He also mentioned that the BNP aims to reassess the Adani electricity deal and emphasized that the safety of minorities in Bangladesh is an internal matter.
It is to be mentioned that, Congress MLA Asif Mohammad Nazar on Friday raised an issue of financial anomalies taken place in Morigaon district in the Assam assembly.
Despite a modest rally in the smallcap sector, six smallcap stocks have surged between 20-35% within just one week.
