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27.11 / 07:03
markets War track country Updates International Global news wrap: COP tussle, monetary policies, luxury market fall
Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.
27.11 / 07:03
UPS Election Opinion Research Celebrity reports rights Here’s how to rescue the opinion polling business in India
Subscribe to enjoy similar stories. Elections in India have become a trial by fire for pollsters. The ones who get it right are celebrated for their prescience.
27.11 / 07:03
FIVE show performer cover stars reports International Niva Bupa to benefit from premium hike, lower expense ratio
Subscribe to enjoy similar stories. Niva Bupa Health Insurance Co. Ltd’s first earnings post listing show its performance is significantly better than that of the Indian health insurance industry in the first half of FY25 (H1FY25).
27.11 / 06:33
markets Digital Progressive awards Experts AVP Schools Ashwini Vaishnaw flags land acquisition delays for Kerala rail projects, writes to Pinarayi Vijayan
Ashwini Vaishnaw has flagged land acquisition delays in Kerala, which are affecting the development of railway projects in the state. According to Vaishnaw's letter to Kerala Chief Minister Pinarayi Vijayan, just 64 hectares (Ha) of land could be acquired by the state against a requirement of 470 Ha. This is despite the centre making a payment of over Rs 2,100 crore to the state for land acquisition needed to complete crucial rail projects. According to Vaishnaw, railway infrastructure projects worth Rs 12,350 crore are progressing in Kerala. «The highest ever budget outlay of Rs 3,011 crore has been allotted for the financial year 2024-25. However, most of the railway projects in Kerala are not progressing due to the non-availability of requisite land,» his letter said, adding that the Indian Railways has initiated efforts for the acquisition of land for most of the sanctioned railway projects but could not succeed.
27.11 / 06:33
security WhatsApp trends Trade Havells India shares 0.36% as Nifty
Havells India Ltd. 0.36 per cent to Rs 1717.80 in Wednesday's trade. It hit a high of Rs 1720.50 and low of Rs 1694.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1737.66, while the 50-DMA was at Rs 1816.95. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
27.11 / 06:33
markets Strategy Sustainability country social India's gold demand soars 50x production in 2023: Report
Turkey follows behind in second place. Mine production in 2023 stood at 36.5 tonnes, which is six times lower than the demand of 201.6 tonnes. Gold demand in Turkey has also been rising, going from 1.13 grams per person in 2021 to 1.43 grams in 2022 and 2.34 grams in 2023. Rounding out the top three is China. With a population of over 1.4 billion, the country has a yearly gold demand of 909.7 tonnes. Although the mine production figure is the highest seen in all 10 countries, it still falls short of the demand by two times.
27.11 / 06:33
markets UPS awards country Relationships India, Russia sign up for a train journey together
“They have huge domestic requirements and for that they want to set up manufacturing facilities here. They want to get these supplies from India,” ToI's report (by Dipak K Dash) said quoting a railway ministry official. TMH CEO Kirill Lipa elaborated on the plan at the company's Moscow headquarters. “The current interest rate in India is very different from other countries. So, we are interested and ready to invest in India. We are interested in developing several facilities in India, which are capable of providing certain components and we think some of them can be supplied to the Russian market as well.”
27.11 / 06:33
markets Strategy Analysis WhatsApp Trade show Ambuja Cements shares 3.0% as Sensex rises
Ambuja Cements Ltd. traded 3.0 per cent at Rs 508.30 at 11:40AM (IST) on Wednesday, even as BSE benchmark Sensex 31.88 points to 80035.94. The stock had settled at Rs 493.45 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 706.85 and Rs 415.65, respectively.
27.11 / 06:33
markets Target Gap security Food Trade Experts Swiggy shares rally another 8% as brokerages back growth potential
Swiggy climbed as much as 8.1% on Wednesday to Rs 499 on BSE, with the stock surging nearly 16% in the past two sessions after UBS became the latest brokerage to initiate coverage on the food delivery major with a “Buy” rating, highlighting Swiggy's promising growth in India's food delivery and quick commerce markets. Brokerage firms — HDFC Securities, Motilal Oswal and JM Financial — were the first ones to initiate coverage on Swiggy with particularly bullish views.
27.11 / 06:33
markets COST Election social inclusion innovations Schools Narayana Murthy wants IAS, IPS officers from B-schools instead of UPSC; 'No, thanks', rebuts top bureaucrat
Infosys, has drawn significant criticism after suggesting that India’s civil services could benefit from recruiting officers directly from business schools instead of relying solely on the Union Public Service Commission (UPSC). Speaking at the CNBC-TV18 Global Leadership Summit on November 14, Murthy argued that India's bureaucracy should shift from an «administrative mindset» to a «management mindset.» According to Murthy, the current system of governance, which is based on the UPSC examination process, produces civil servants who are trained to maintain the status quo rather than to bring about innovation, vision, and rapid execution.
27.11 / 06:33
markets COST Digital Strategy Sustainability performer Growth in cement volumes expected to moderate to 4-5% in FY2025: ICRA
ICRA. This marks a notable adjustment from the earlier projection of 7-8% growth made in July 2024. The revision reflects a slower-than-expected recovery in construction activity across the housing and infrastructure sectors post-General Elections. The muted growth trend was evident in the first half of FY2025 (H1 FY2025), where cement volumes increased by only 2% YoY to 212 million MT. Election-related disruptions in Q1 FY2025 and heavy monsoon rains in Q2 FY2025 were significant contributors to this slowdown. However, the industry is optimistic about a stronger second half (H2 FY2025), driven by an anticipated boost in rural and urban housing demand, alongside a pick-up in infrastructure spending. “The operating performance of the cement companies to improve from Q3 FY2025 onwards, supported by the likely price hikes, uptick in cement volumes aided by increased Government spending on infrastructure projects, pick-up in construction activities, and stable input cost pressures – primarily pertaining to power and fuel,” said Tushar Bharambe, Assistant Vice President and Sector Head, Corporate Ratings, ICRA.
27.11 / 06:33
markets Analysis Research trends Trade Experts Commentary Share price of Lupin as Nifty
Lupin Ltd. 0.66 per cent to Rs 2022.05 in Wednesday's trade as of 11:47AM (IST). The stock hit a high price of Rs 2040.00 and low of Rs 2012.95 during the session.
27.11 / 06:33
markets Digital Strategy Sustainability Parke Prologis NXT park Prologis, RMZ Group in JV to build warehousing park in Bengaluru
Prologis, the world's largest warehouse owner, formed a joint venture with RMZ, one of India’s top family-owned alternative asset owners, to build a warehousing and logistics park in Bengaluru. The facility at Hoskote, a key logistics hub in Bengaluru, will span 30 acres, and it will initially deliver 500,000 sq ft, targeting third-party logistics and industrial clients. Once completed in the next fiscal year, the facility will mark RMZ’s entry into the industrial and logistics (I&L) sector, complementing its diversified portfolio of premium office spaces under the RMZ NXT brand.
27.11 / 05:31
markets UPS Booking Election wellness Trade performer M&M top auto pick; stack up in capital goods stocks: Amnish Aggarwal
Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says capital goods is perhaps the best performing sector in terms of numbers, because the profit growth of all the capital goods companies and even the order books have been looking quite decent. In the capital goods space, play the entire automation and electrification theme this year. Companies like Siemens, ABB, and to some extent even GE T&D, Schneider stack up there. Among these ABB and Siemens seem to be the largest and very formidable players. The markets may have taken a bit of a breather yesterday after two days of a stupendous rally. The IT sector definitely stood out, hitting record highs. How much further can this rally sustain within IT? Amnish Aggarwal: As far as the IT sector is concerned, there are two things. First of all, with the US elections getting over, now people are getting more comfortable that the IT spending will likely start and they will get more clarity. Secondly, the kind of fear people had earlier that once the Trump administration comes, there would be much more embargo on H-1B visa and I think that, that is not going to be there. So, there are pockets within IT where there will be stress in some European markets and ER&D is not doing well across segments.
27.11 / 05:31
security WhatsApp Justice country Department rowing Adani row: Democratic administration did 'irreparable harm' to Indo-US relations, says senior advocate Mahesh Jethmalani
Mahesh Jethmalani said on Wednesday that while US and India have had excellent relations, he believes that the Joe Biden-led Democratic administration has done 'irreparable harm' to the bilateral ties between the two countries. Jethamalani made the comments while speaking in reference to the allegations pinned against the Adani group by the US Department of Justice and the US Securities and Exchange Commission. He linked the case's timing with the exit of the Democrats from power in American as Donald Trump is set to take the Oval Office in January 2025.
27.11 / 05:31
markets Strategy Analysis trends Trade Experts show Share price of SRF as Sensex gains 3.35 points
SRF Ltd. 0.86 per cent to Rs 2251.00 at 10:43AM (IST) in Wednesday's trade. The stock hit a high of Rs 2275.00 and low of Rs 2224.70 so far during the session. The stock had closed at Rs 2231.80 in the previous session. The counter had a total traded volume of 10:43AM shares so far with a turnover of Rs 0.31 crore on BSE. The stock traded at a price-to-earnings multiple of 59.20 and a price-to-book ratio of 6.63.
27.11 / 05:31
markets UPS Analysis Enterprise Trade Updates Stock market update: Mining stocks up as market falls
Ashapura Minechem Ltd.(up 5.58%), Madhav Marbles & Granites Ltd.(up 2.43%), KIOCL Ltd.(up 2.33%), Oriental Trimex Ltd.(up 1.99%), Sandur Manganese & Iron Ores Ltd.(up 1.64%), MOIL Ltd.(up 1.47%), Gujarat Mineral Development Corporation Ltd.(up 1.37%), Coal India Ltd.(up 1.32%), Pokarna Ltd.(up 1.01%) and The Orissa Minerals Development Company Ltd.(up 0.71%) were among the top gainers.
27.11 / 05:31
markets Digital Strategy Discover Experts composer Schools A NASA probe is on its way to asteroid made of gold that's worth 100,000,000,000 trillion dollar
space exploration. However, despite the exciting prospects, mining this celestial body remains a long-term goal due to significant technological and economic hurdles.
27.11 / 05:31
markets Gap Strategy Analysis trends Trade Experts Chola Inv Finance stock price 1.37 per cent as Sensex
Cholamandalam Investment & Finance Company Ltd. 1.37 per cent to Rs 1282.05 at 10:47AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 8,643 shares with a turnover of Rs 1.10 crore till 10:47AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 27.96, while the price-to-book value ratio stood at 4.96.
27.11 / 05:31
markets Target Digital Strategy Experts recommendations Schools 19 equity mutual funds multiplied investors’ SIP investments by over 3x in 7 years
mutual funds have multiplied investors’ SIP investments by over three times in the last seven years. Seven small cap and mid cap funds, two flexi cap funds, a multi cap, contra, and an ELSS fund multiplied investors’ SIP investment by more than three times in the last seven years. The top schemes in the list were from the small cap category. Quant Small Cap Fund and Nippon India Small Cap Fund multiplied investors’ SIP investments by 4.19 and 3.88 times respectively in the last seven years.
27.11 / 05:31
markets Target JPMorgan Analysis Hyundai trends Trade Hyundai Motor shares surge 2% after Morgan Stanley and JPMorgan initiate coverage
Hyundai Motor India shares rose by nearly 2% to the day's high of Rs 1,926 on the BSE after Morgan Stanley and JPMorgan initiated coverage. JPMorgan and Morgan Stanley have initiated coverage on the automaker with an overweight rating, citing its strong growth potential, strategic positioning in the SUV and electric vehicle (EV) segments, and promising valuation metrics.

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