Rolls-Royce provided the biggest boost to industrials with a 4.2% rise after Hong Kong's Cathay Pacific said three of the 48 Rolls-Royce-powered planes it had inspected had already gone through successful repairs and all of the jets were expected to resume operation by Saturday.
For investors, spotting consistent performers can be a valuable strategy. ETMarkets has identified seven stocks that have gained over 10% each month for the past five months of FY25.
By around noon, the retail individual investors’ quota had been subscribed 5.5 times, while the non-institutional investors’ category saw 22 times subscriptions. The allocation for qualified institutional bidders was booked at 87% or 0.87 times.
The government of India has launched many schemes for the empowerment of women. Last year, in Budget 2024, the Mahila Samman Scheme was launched for women investors. Sukanya Samriddhi was launched in 2015 as a part of the Beti Bachao Beti Padhao campaign, especially for girl children.
Optimum customers in Metro New York experienced a major service disruption on Monday evening, affecting Wi-Fi and landline internet. Over 9,700 users reported issues, with 56% facing landline problems and 25% a total blackout. Calls to customer service saw long wait times, exceeding 35 minutes. Optimum acknowledged the outage through their support account and stated efforts are ongoing to resolve the issue, although no repair time is available yet.
The article discusses investment strategies for senior citizens like Rajiv Tandon, who seek low-risk monthly income. Alekh Yadav from Sanctum Wealth recommends hybrid funds, such as balanced advantage funds, and systematic withdrawal plans (SWP). These options provide stability and favorable tax treatment. He also suggests considering equity savings funds and new hybrid funds post-Union Budget 2025 changes.
Federal Reserve Chair Jerome Powell has suggested that the inflation surge over the past three years has been nearly defeated, thanks to high interest rates that managed this without triggering a recession or high unemployment. However, many Americans remain dissatisfied with the Biden-Harris administration's economic record due to still-elevated prices of essentials like food, gas, and housing.
Adarsh Developers, a Bengaluru-based real estate firm, has repaid a Rs 750 crore loan from Edelweiss Alternative Asset Advisors. This was achieved through operational cash flow and lower-cost refinancing from banks. The company also raised Rs 1,900 crore from a land sale to Mapletree Investments, significantly improving its financial position.
Realty developer AIPL aims to expand its rental portfolio to nearly 5 million sq ft with several retail and office complexes under construction. The bulk of these projects are in Delhi-NCR and Punjab. By Q2 2025, two major projects will be ready, with a combined leasable area of 3.5 million sq ft. The company's focus is on delivering high-quality office spaces.
The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.
Netflix has assured sensitivity to India's sentiments following government summons regarding the use of Hindu names for terrorists in 'IC814-The Kandahar Hijack'. The series, directed by Anubhav Sinha, depicts the flight hijack that ended in Kandahar. Netflix India’s content head Monika Shergill has been asked to provide an explanation.
A conflict between two rival unions over wheelchair job allocations at IndiGo's ground-handling subsidiary, Agile Airports Services, has disrupted baggage handling and flight operations at Mumbai airport. Strikes and reassignment of duties have led to significant delays, affecting thousands of passengers and causing widespread inconvenience.
In fact, in this calendar year, the first seven months or first eight months for which we have the data, we are seeing the total domestic inflows into the equity market from all sources, be it SIPs, be it mutual fund, be it direct stocks.
Flying Wedge Defence and Aerospace (FWDA) in Bengaluru has announced the successful maiden flight of its indigenous unmanned bomber aircraft, the FWD 200B. This Medium Altitude Long Endurance UAV is designed for surveillance and air strikes, featuring a wingspan of five metres, a maximum payload of 30 kg, and an endurance of seven hours.
Kaynes Tech Share Price: Kaynes Technology's shares rose by 8.5% after its subsidiary, Kaynes Semicon, received Union Cabinet approval to establish an OSAT facility in Sanand, Gujarat. The project, worth Rs. 3,307 crores, will produce 63 lakh chips daily for various applications, including industrial and automotive sectors. Both the central and state governments will support the investment.
Goldman Sachs forecasts a significant rise in gold prices due to imminent Fed rate cuts, while weak demand from China impacts other commodities. Spot gold has surged 21% this year, prompting a revised price target of $2,700 by early 2025. The bank is cautious about oil, gas, and metals due to varying global demand and supply issues.
Jawa 42 second generation launch: Jawa Yezdi Motorcycles is launching the second model of Jawa 42, featuring a larger 334-cc engine and potential updates in the chassis. It includes six-gear transmission, diamond-cut alloys, and dual-channel ABS. This new model will compete with Royal Enfield 350, priced at Rs 1.99 lakh, while the updated Jawa 42 starts at Rs 1,72,942.
Sunil Subramaniam, a market expert, believes speculation is essential for liquidity in the capital market. He argues against regulatory intervention unless there's clear evidence of fraud, price fixing, or false news. Subramaniam acknowledges the youth treating the stock market like a gambling den and suggests cautious regulatory measures instead of harsh actions to maintain market stability.
SBI chairman C S Setty said that despite years of infrastructure lending, banks lack the skills to finance emerging areas like green energy and battery storage. He mentioned a surge in NPAs from corporate lending has pushed banks towards personal loans. SBI plans to establish a center of excellence for emerging areas in collaboration with global banks.
The initial public offering of Gala Precision Engineering saw strong demand, with subscriptions over 20 times on the second day. The issue, priced between Rs 503-529 per share, will fund various projects, including setting up new facilities and debt repayment. Analysts recommend subscribing due to the company's market position and attractive valuation.
The World Bank has increased India's growth forecast for FY25 to 7% from 6.6%, despite a slowed 6.7% GDP growth in the April-June quarter due to government spending declines.
A pre-bid meeting hosted by the IT ministry saw participation from heavyweights like Nvidia, Intel, AMD, Qualcomm, Microsoft Azure, AWS, Google Cloud, and Palo Alto Networks. Generative AI (GenAI) is reshaping global economies, with nations scrambling to leverage this transformative technology for economic and productivity gains.
Oils moisturize your scalp and may help eliminate dandruff.
In Uttar Pradesh’s Bahraich, wolf attacks have resulted in nine deaths and multiple injuries in 30 villages since March. Habitat disruption from river flooding is pushing wolves towards human settlements. Villagers now patrol with sticks and torches, and authorities have employed technology and deterrents to address the problem, capturing four of six identified wolves.
Bajaj Finserv chairman Sanjiv Bajaj aims to establish Bajaj Housing Finance as a leading mortgage company, akin to HDFC, following HDFC's merger with its bank subsidiary. The company plans a Rs 6,560 crore IPO to expand and meet RBI's listing mandate. Focus areas include retail home loans, developer financing, and tech-enabled customer ease.
