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04.12 / 03:47
markets Target Analysis Trade Experts track recommendations Stocks to buy today: Axis Bank, Ashok Leyland among top 6 trading ideas for 4 December 2024
Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed positive with gains of 0.43% at 24,534 levels on Tuesday. India VIX fell more than 2% to close at 14.37 in the previous session.
04.12 / 03:47
markets UPS Strategy economy Trade shooting Fund Manager Talk | Market correction opens up some upside potential: Franklin Templeton’s Venkatesh Sanjeevi
The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton. «Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.
04.12 / 03:47
markets Action Fighting Software Experts PAM Courts Byju’s content manager, business partner face US court sanctions
A federal judge is considering imposing millions of dollars in sanctions on Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology. At a court hearing Tuesday, US Bankruptcy Judge John T. Dorsey said he will issue an “order to show cause” that would force the two tech executives to justify their actions, or be declared in contempt of court and be required to pay financial penalties.
04.12 / 03:47
markets Target security Analysis Trade Experts reports ICICI Securities has a Hold on RBL Bank, reduces target price Rs 160
hold call on RBL Bank with a target price of Rs 160. The current market price of RBL Bank is Rs 155.95. RBL Bank, incorporated in 1943, is a banking company (having a market cap of Rs 9477.41 Crore). RBL Bank's key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.
04.12 / 03:47
markets UPS Target Analysis Trade reports Buy Hindustan Unilever, target price Rs 2,870: JM Financial
buy call on Hindustan Unilever Ltd. with a target price of Rs 2870. The current market price of Hindustan Unilever is Rs 2,479. Hindustan Unilever, incorporated in 1933, is a Large Cap company, with a market cap of Rs 582498.92 crore, operating in the FMCG sector. Hindustan Unilever's key products/revenue segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024.
04.12 / 03:47
markets UPS security Analysis Bill Trade Experts Bank stocks in focus as Lok Sabha passes Banking Laws (Amendment) Bill, 2024
Bank stocks are in the spotlight on Wednesday, December 4, after the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024 on Tuesday during Parliament's winter session, introducing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament.
04.12 / 03:01
markets UPS Gap security Strategy exclusive Pharmaceuticals Natco Pharma’s high-stakes game of risk and reward. Will it pay off?
Subscribe to enjoy similar stories. Natco Pharma Ltd isn’t your run-of-the-mill pharmaceutical company. It’s a story of calculated risks, high-stakes bets, and a fair bit of drama.
04.12 / 02:53
Actor show performer reports travelers Videos Updates Sunil Pal found: Comedian was going through a problem which led to his disappearance
Comedian and actor Sunil Pal was reported missing for several hours after traveling out of Mumbai for a performance. Concerned by her inability to contact him, his wife, Sarita, filed a missing person complaint at the Santacruz police station on Tuesday. However, Film Trade analyst Girish Wankhede later informed ETimes, «He told me there was a problem, but he is out of it. He is now taking a flight from Delhi for Mumbai.» Senior police official Daya Nayak from Unit 9 Crime Branch also confirmed to ETimes that Sunil Pal had been located and was safe, adding that he is on his way home. Authorities have begun investigating the circumstances surrounding the case.
04.12 / 02:53
markets Digital Fighting Experts PAM reports US official fighting Chinese telecom intrusions urges more encryption
Use encryption. During a call with reporters on Tuesday, Cybersecurity and Infrastructure Security Agency official Jeff Greene said Americans should know that «encryption is your friend» and that «our advice is to avoid using plaintext.»
04.12 / 02:53
markets IPO Manufacturing Platform Strategy Analysis Trade Abha Power and Steel IPO listing today. Check GMP and other details
Abha Power and Steel will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 15 in the grey market. Considering the upper price band of Rs 75, the stock is expected to see a listing premium of just over 20%.
04.12 / 02:53
markets security Research wellness Trade recommendations rights Cement sector may outperform; what to sell, add and hold: Girija Shankar Ray
Girija Shankar Ray, Vice President Equity Research, Yes Securities, says among top picks within the cement sector, ACC can be recommended. The second one is Shree Cement. These two companies are going to do well, even though there is trouble in the industry right now. A lot of cost initiative programmes are going to happen. But for UltraTech and Ambuja, valuations are higher and for Ambuja, whatever acquisitions they have done, it is going to ultimately benefit ACC. So, ACC is his top pick. Ambuja will have a sell rating, as will UltraTech because it has very high valuations. One can add Birla Corp, Dalmia in their portfolio. There are reports doing rounds that there has been a price hike of almost Rs 10 to Rs 30 taken in December so far. What are your channel checks suggesting? Is that something that you are picking up as well? Girija Shankar Ray: So, yes, in November, a price hike was what the Street and the dealers and distributors were expecting for cement, but there was no price hike. In fact, in October and November, on a month-on-month basis, the prices are flattish. The prices are five years below the line right now. And the major impact was in southern regions. In the north and eastern regions, prices are more or less stable. In the other three regions, the prices have actually declined. There was a sharp correction. I believe the prices have bottomed out.
04.12 / 02:47
UPS Software performer exclusive Features Updates IQOO 13 is now available for sale! Check prices, features and discount offers
iQoo 13. This advanced smartphone from the Chinese manufacturer incorporates Qualcomm’s top-tier processor, the Snapdragon 8 Elite chipset, alongside iQoo’s exclusive supercomputing Q2 chip. It also debuts the world’s first Q10 2K 144Hz Ultra Eyecare Display, complemented by the dynamic Monster Halo feature. Here’s a detailed overview: The iQoo 13 is priced at Rs 54,999 for the 12GB+256GB configuration and Rs 59,999 (Rs 56,999 effective price) for the 16GB+512GB variant. Buyers using SBI or HDFC bank cards can avail of an instant discount of Rs 3,000, reducing the prices to Rs 51,999 and Rs 56,999, respectively. This smartphone will be offered in two sophisticated colors: Legend and Nardo Grey. Pre-orders open on December 5, 2024, at 12 PM, with sales starting on December 11, 2024, at 12 PM. It will be available via Vivo exclusive outlets, iQoo’s online store, Amazon, and other key retail locations.
04.12 / 02:47
markets COST Provident Digital NVIDIA AMD performer The furious contest to unseat Nvidia as king of AI chips
Not far away in a north Austin high-rise, designers at Amazon developed a new and faster version of an AI chip called Trainium. They then tested the chip in creations including palm-size circuit boards and complex computers the size of two refrigerators. Those two efforts in the capital of Texas reflect a shift in the rapidly evolving market of AI chips, which are perhaps the hottest and most coveted technology of the moment. The industry has long been dominated by Nvidia, which has leveraged its AI chips to become a $3 trillion behemoth. For years, others tried to match the company's chips, which provide enormous computing power for AI tasks, but made little progress.
04.12 / 02:47
markets UPS FIVE Booking Strategy Trade country Buy Adani Group stocks on dips, remain bullish on large banks, NBFCs: Deven Choksey
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the assets the Adani group owns, whether it's in power generation, distribution, or even things like roads, airports, data centers, and ports, all have huge growth potential ahead. They've built up a solid capacity and are reinvesting a good chunk of cash flow back into the business, which is a smart move. They might tweak their growth strategies a bit, but using their free cash flow to fuel future expansion in these areas would be a great idea. The recent drop in stock prices is a solid buying opportunity for investors. Adani stocks fell and they have recovered. Can we ignore the news and just move on? Deven Choksey: From day one, I have been making a viewpoint that fundamentals do not change because of whatever the allegations have come up from the Department of Justice in the US court. In my viewpoint, the fundamentals remain strong. With Rs 85,000 crore EBITDA and growing at the rate of 20% per annum on a 2,40,000 crore debt, the balance sheet of the group itself is very solid with the cash flow generation that they have.
04.12 / 02:47
UPS Waves prevention rights Investigations Bangladesh interim govt has absolute obligation to protect its Hindu minority: US Congressman
Bangladesh organised a rally at the White house demanding release of Chinmaya Das and protection for Hindus of Bangladesh. «Bangladesh's interim government has an absolute obligation to protect its Hindu minority and meaningfully address the protests of thousands of minority Hindus in outcry over the recent wave of attacks and harassment,» Congressman Brad Sherman said in a statement. «With the calls for an investigation from the Bangladesh Hindu Buddhist Christian Unity Council and the United Nations High Commissioner for Human Rights Volker Turk for killings and other rights violations during the violent unrest leading up to and after the fall of Bangladesh's former Prime Minister Sheikh Hasina, the current administration must demonstrate leadership in eliminating acts of violence against the Hindu community,» Sherman said.
04.12 / 02:47
markets Digital Airlines Experts performer reports travelers The best and worst airlines in the world; this Indian airline made it to the bottom of the list
travel this year. The 2024 AirHelp Score report has ranked airlines globally based on a comprehensive methodology evaluating customer experience, operational efficiency, and feedback. The rankings cover data from January to October. According to AirHelp CEO Tomasz Pawliszyn, the goal of the rankings is to «encourage airlines to continuously listen to passenger feedback.» Among Indian carriers, IndiGo, the country’s largest airline by market share, ranked poorly at No. 103. The low ranking is attributed to its underwhelming performance in customer satisfaction and flight disruption claims.
04.12 / 02:47
markets Digital Landmark Experts War Celebrity innovations Indian Navy Day 2024: Know its theme, significance, history and more
Indian Navy Day, observed annually on December 4, commemorates the valor and commitment of India’s naval forces. This year marks the anniversary of Operation Trident, a landmark naval mission carried out during the 1971 Indo-Pak war that showcased the strategic brilliance of the Indian Navy. In 2024, the Navy Day celebrations are set to take place in Puri, Odisha, with President Droupadi Murmu as the chief guest. Admiral Dinesh K. Tripathi, the Chief of Naval Staff, will host the event. The ceremony will feature a grand display of the Indian Navy's technological advancements and operational capabilities, reaffirming its critical role in safeguarding India’s maritime borders. Indian Navy Day 2024 theme This year’s theme, “Strength and Power through Innovation and Indigenisation,” emphasises the Navy’s focus on enhancing defense capabilities through self-reliance and cutting-edge technology.
04.12 / 02:47
markets IPO Art Platform Strategy Trade Experts Ganesh Infraworld IPO: Check allotment status, GMP and listing date
NSE SME platform Thursday. The Rs 98 crore SME IPO received a massive subscription of over 300 times at close, driven by strong bidding from retail and non-institutional investors. Firstly, here's how you can know the status on NSE
04.12 / 02:47
markets IPO Waters Platform Strategy Analysis Trade Apex Ecotech IPO shares to debut today. Here's what GMP indicates
Apex Ecotech will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 45 in the grey market. Considering the upper price band of Rs 73, the stock is expected to see a listing premium of just over 60%.
04.12 / 02:47
markets IPO Platform Strategy Trade band International Nisus Finance Services IPO opens today: Check key dates, GMP, price band and other details
company aims to raise Rs 114 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
04.12 / 02:47
markets Digital Cooper Progressive security Experts Diversity India, UK convene second 2+2 Foreign and Defence Dialogue in New Delhi
The Indian delegation was led by Piyush Srivastava, Joint Secretary, Europe West, Ministry of External Affairs, and Vishwesh Negi, Joint Secretary, International Cooperation, Ministry of Defence, according to the Ministry of External Affairs press release. Representing the UK were Ben Mellor, India Director, Indian Ocean Directorate, Foreign, Commonwealth & Development Office, and Shimon Fhima, Director Strategic Programmes, Ministry of Defence.

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