Beyond Financial News

HG Infra Engineering as its 'top pick of the week'. This is on the back of its attractive valuations, strong growth opportunities, positive company-specific triggers, and macroeconomic tailwinds. The brokerage has a ‘buy’ call on the stock with a target price of ₹935, implying a potential upside of 10 percent.

By Marius Zaharia

Harsh Goela and CFA Aditya Goela, Co-founders, Goela School of Finance, believe the upcoming budget will focus on rural economy's revival. They hope the government addresses inflation by considering tax reductions. Meanwhile, for the next year 2024, they advise diversifying beyond equities for a resilient portfolio to asset classes like real estate, fixed income, and precious metals.

Home loan buyers have borne the burden of expensive home loans either in the form of higher interest rates or extensions. For the last two years, home loans have become more expensive for new entrants and also for existing borrowers.

bank locker agreements in India is December 31, 2023. This requirement pertains to all pre-existing agreements executed on or before December 31, 2022. Individuals holding such agreements are required to endorse a revised version supplied by their respective banks and ensure its submission before the specified deadline.

₹12,370 crore to a staggering ₹7.5trillion by end FY23. This growth trajectory has been anchored by the Alternative Investment Fund (AIF) guidelines introduced in 2012, which standardized the industry across various categories and led to an impressive ₹7.6 trillion in cumulative commitments by mid-2023.

Samsung Galaxy S24 Ultra is anticipated to boast a 56 percent increase in strength compared to its predecessor. This enhanced durability is attributed to the incorporation of a titanium frame and an upgraded Gorilla Glass. Ahmed Qwaider, a reputable tipster, posted on X (formerly Twitter), revealing that the titanium frame of the Samsung Galaxy S24 Ultra is expected to be 56 percent more durable than the Armor Aluminum used in its predecessors, the Galaxy S22 Ultra and Galaxy S23 Ultra.

The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants

The Minnesota Court of Appeals has affirmed a decision by state regulators to grant a major permit for the proposed NewRange copper-nickel mine

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says: “In pure valuation terms, all the stocks or all businesses where you have earnings visibility have run up a lot. Valuations are not cheap by any means but even within that, we need to focus on quality businesses. This dialogue of whether we will have a largecap rally or a midcap rally or whatever cap rally – we need to take that out of our minds. Focus on good businesses irrespective of whether they are large cap, midcap, small cap.” Ching's Secret is an amazing brand. We all have tasted it sometimes. If it actually goes Tata Consumer's way, do you think it will really be an important addition because this category clearly is showing a lot of promise here in India? Whether the Ching's Secret deal materialises or not, if you look at what is happening with the Tata group after Chandra has taken over, is there a very specific focus on some of these large businesses that they have and consumer is one of them? There is a continuous process of coming out with new products, expanding the market, distribution etc. So Ching's Secret would actually be a good addition, I mean the products are excellent.

financial crisis. Schiff’s recommendation to divest from the US stock and bond market, coupled with his emphasis on the risks associated with government and corporate debt, necessitates a thorough examination. He contends that the immense levels of government and corporate debt within the US market are unsustainable.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says today with growth being back, PSU banks have the capital and capacity to lend which is not available or it is very tough to find in other pockets of the market, This is one space where valuations still are way reasonable. Most of them are one-time books and their ROEs have all started to improve and are now materially higher. So, some level of re-rating in this category does seem probable and certainly a better risk reward space within the available options today.” There was a time when PSU banks were bailed out. The government had to infuse capital because they were on the verge of an existential crisis. BOI has raised money via QIP route and J&K Bank has hit the market. So, the cycle has turned for PSU banks and these stocks are still trading way below their private sector counterparts. Do you think for PSU banks what started as a spark could ultimately be a very good rally for 2024 and beyond also? In public sector banks, the growth is still not there and it is likely to come in the next two or three years because the whole investment lending which will likely to happen and that growth is certainly going to be rewarded by markets because earlier the bigger issue was the banks have constraint for capital and we are not growing and hence any level of valuation was unjustified in the context of the market.

Investing.com-- The Bank of Japan left interest rates in negative territory as widely expected on Tuesday, and said it will continue with its yield curve control measures to support Japanese economic growth. 

Zee Entertainment Enterprises Ltd. This brings the country’s largest-ever entertainment deal to the brink of collapse after months of debate over the appointment of a chief executive officer (CEO) for the merged entity. Two persons aware of Sony’s plans confirmed this on condition of anonymity.

Sun Pharma: The company has agreed to acquire a 16.7% stake in Massachusetts-based Lyndra Therapeutics for $30 million. Lyndra develops novel delivery technology for long-acting oral therapies. NHPC: It said the board will meet on 22 December to consider the monetisation of future cash flows of one or more of its power stations for a suitable tenure.

2023, as startups went ahead with major restructuring to conserve cash and prioritise verticals essential for continued operations, amid a persistent funding winter. Startups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusively with ET showed. These companies fired more than 20,000 in 2022 and 4,080 in 2021.

magnitude earthquake that occurred just before midnight on Monday in a mountainous region in northwestern China, the country's state media reported today. The official Xinhua News Agency, as quoted by The Associated Press, said that 100 people died in the province of Gansu and another 11 in the neighboring province of Qinghai in the quake. More than 200 people were injured in Gansu and Qinghai provinces, said Xinhua, adding that the quake struck in Gansu's Jishishan county, about 5 kilometers (3 miles) from the provincial boundary with Qinghai.

Dish TV India has approved the appointment of Sunil Khanna as an independent director and Ravi Bhushan Puri as executive director. The company said the approval of the shareholders will be sought in terms of applicable regulatory provisions.

inflation with prices of jeera, turmeric, chillies, black pepper and other spices soaring as lower crop acreage and pest infestation have impacted their production. Spices inflation has remained above 22% since July, and economists said it could add another 0.6 percentage point to retail inflation between December and March as prices are unlikely to ease until the next harvest. The category has only a 2.5% weight in the inflation basket, but they influence prices of many food products.

The recent crackdown on Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an “unprecedented” level of scrutiny.

Crude oil closed last week in the positive territory for the first time after 7 consecutive weekly falls. Prices finally found some support as demand concernes eased.