India Financial News

Info Edge (India) Ltd. with a target price of Rs 7580. The current market price of Info Edge (India) Ltd. is Rs 7176.45. Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 93344.17 Crore) operating in Services sector.

geoglyphs and petroglyphs in Ratnagiri as ‘protected monuments’ under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960, reported TOI. The group of petroglyphs at Deud, Ratnagiri, dates back to the Mesolithic era (roughly 20,000-10,000 years ago), according to a notification by the culture department. Geoglyphs and petroglyphs are different types of ancient art forms. They involve the creation of images or designs on the earth’s surface or rock surfaces.

asset management firm Neo Group has raised Rs 400 crore (around $47 million) in a fresh equity funding round led by Japanese lender MUFG Bank along with New York-based Euclidean Capital. Peak XV Partners, which had invested around $35 million in October last year, also participated in this round, the company said in a news release on Monday. The funds will be used to expand Neo's wealth management division and support its asset management business.

Axis Bank Ltd.(up 0.99 per cent), HDFC Bank Ltd.(up 0.94 per cent), Kotak Mahindra Bank Ltd.(up 0.52 per cent) and Bank of Baroda(up 0.31 per cent) were among the top gainers.

Bohra Industries Ltd.(up 4.98%), Coromandel International Ltd.(up 3.09%), Khaitan Chemicals & Fertilizers Ltd.(up 2.63%), Paradeep Phosphates Ltd.(up 2.38%), Mangalore Chemicals & Fertilizers Ltd.(up 1.83%), Chambal Fertilisers & Chemicals Ltd.(up 1.08%), Rama Phosphates Ltd.(up 1.07%), The Fertilisers and Chemicals Travancore Ltd.(up 1.02%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.00%) and Madras Fertilizers Ltd.(up 0.32%) were among the top gainers.

Havells India Ltd. gained 0.12 per cent to Rs 1801.8 in Monday's trade as of 10:30AM (IST). It hit a high of Rs 1821.0 and low of Rs 1786.15 during the session. The stock quoted a 52-week high price of Rs 1986.55 and a low of Rs 1233.1. The return on equity for the stock stood at 17.07 per cent. About 3,502 shares have changed hands on the counter so far.

Tata Motors Ltd.(up 0.92 per cent), Tata Motors Ltd.(up 0.89 per cent), Maruti Suzuki India Ltd.(up 0.44 per cent) and Apollo Tyres Ltd.(up 0.19 per cent) were among the top gainers.

Vikas Khemani, Founder, Carnelian Asset Management, says repeated incidences by short-seller Hindenburg, not only in India but in other markets also, are being taken with a pinch of salt. In this case, the narrative is far from the facts. Facts are being manipulated to create a story. The Adanu incident came at a time when there was a lot of scepticism. This is about loss of credibility and markets should not react much to these things. Hindenburg are short sellers. They look at companies where there is a problem in terms of cash flow or mismanagement or corporate governance standards and go short on it and scare the market because that is the deep dive they do in terms of evidence. But on Saturday, they released completely unsubstantiated conjuncture. I think the damage has been done to the brand. Vikas Khemani: Absolutely. First of all, everybody’s credibility is determined by their motivation. We noticed in the previous instances also that nothing came out and of course the first time, the market reacted badly. Repeated incidences not only in India but in other markets also, are being taken with a pinch of salt. In this case, the narrative is far from the facts. Facts are being manipulated to create a story. I think market participants can be fooled once but they cannot be fooled all the time.

The BSE Sensex was down by 294 points, or 0.37%, trading at 79,411, while the Nifty50 dropped 85 points, or 0.35%, to 24,282 around 9:18 am.

said central banks bought over 290 tonnes of gold in the first quarter of calendar 2024–that’s the highest on record. The history of the financial markets shows that any spectacular fall in asset prices triggers a cascading effect on all asset prices. This is logical.

Mint. While the latest rate hike may not deter Indian corporates from borrowing from Japan, further rate hikes could force them to reconsider their plans. Last week, the Bank of Japan raised its interest rate for the second time in 17 years in another step away from its long-standing ultra-loose monetary policies, setting an interest rate of 0.25%, up from 0-0.1%.

₹45 lakh. Before 1 April 2019, their sales were charged GST at a rate of 12% with the burden lowered by input tax credit (ITC) for levies on inputs. In response to a plea that much of what went into flats was sourced from the informal sector, with no trail of tax bills for respite, that rate was slashed to 5%, but without any ITC granted.

Zydus Lifesciences reported a net profit jump of 31% to Rs 1420 crore in Q1FY25 led by robust sales growth in India and US markets. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal.

gold ETFs and sovereign gold bonds, which track prices of physical gold, also crashed by 5-6%. Investors felt shortchanged as the worth of their investments eroded overnight. Have gold investors really been robbed of their gains by the government? The nine percentage point cut in the import duty on gold is acute.

Apart from global factors, expensive valuations, especially in the mid-cap and small-cap segments, and the tepid June quarter earnings performance of corporate India are contributing to the rising volatility. The TTM (trailing twelve months) PE of Nifty Midcap 100 and Nifty Smallcap 250 indices is trading at a premium of 28.5% and 35%, respectively, relative to their five-year average, according to the data compiled from Trendlyne. Research by Capitalmind Financial Services indicates a higher probability of correction in the BSE Smallcap 250 index if earnings don’t catch up. “The PE multiple of BSE Smallcap 250 has expanded by 63%, whereas EPS is flat at -3 %. This expansion is mostly due to the price increase. The continued flat trajectory in the earnings could escalate to a high probability of price correction,” states the study. The study is based on one-year data ending 11 July 2024.

While Joshi started early, the vehicle he chose to reach his destination was not quite appropriate. He bought a traditional life insurance policy to save for his son’s education. For an annual premium of Rs.80,000, the policy covers him for Rs. 8 lakh and will start annual payouts when Swaraj turns 16. The returns work out to less than 6%. “Traditional insurance policies are not the best investment. They usually offer very low returns,” says Rohit Shah, Founder and CEO of GYR Financial Planners. Choosing the wrong investment is a common problem. It becomes even more acute while saving for critical long-term financial goals such as children’s education and weddings. Going for the wrong investment option could leave you with a shortfall in the target amount and jeopardise your planning. A study by financial planning firm, Finsafe India, shows that one out of three investors do not know where to invest. “This indicates a strong need for better financial education and investment guidance,” says Mrin Agarwal, Founder and CEO, Finsafe India.

Garuda Aerospace has expanded its operations in Sri Lanka, the first as part of its Global Garuda initiative which aims to increase the company’s presence in 50 countries, its chief executive officer, Agnishwar Jayaprakash, told ET. The Chennai-based company said it chose the island nation as the local drone policies were still developing and the new government was keen to promote technology and precision in agriculture and industries, seeking to reduce dependence on tourism. «We are traditionally a precision agricultural drone company. This year, we've seen revenues touch over Rs 100 crore and we saw a lot of attention coming in from overseas for our precision agriculture drones in particular. So we felt this was the right time to start making measured and cautious steps to expanding in overseas markets,” Jayaprakash said. “Sri Lanka because of its proximity to India, its developing drone regulation and smaller market was the perfect launchpad for us before venturing into other regions.»

IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks among others will be in focus due to various news developments and first quarter results IRFC, Vodafone Idea, NMDC, Hudco, SJVN Voltas Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

Domestic markets clocked losses for a second consecutive week following weak global cues. On Monday, markets will react to the latest allegations of Hindenburg, which dragged Sebi chief Buch into the Adani saga. «Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

World Leaders Forum (WLF) on August 31 in New Delhi. ET is bringing together the world's brightest minds at a time when India is emerging as a beacon of hope in the global economy, establishing itself as a growing superpower on the international stage amid global conflicts, economic stagnation and shifting power dynamics. Top consultants, including Rich Lesser, chairman of BCG, and Mohamed Kande, chairman of PwC, will provide insights into the global economy and corporate trends, exploring how India can strategically position itself to succeed in this evolving landscape.

Britannia, JioCinema are flocking to advertise with them. Ace Shooter Manu Bhaker’s Instagram following has skyrocketed from 1,67,000 a week back to 1.3 million now. Indian Hockey team captain and top scorer in Paris 2024 Olympics Harmanpreet Singh, is among the top trending names whose followers have reached 3,00,000 from low-double digits. Boxer Vinesh Phogat’s socials are also touching upto a million. No wonder, brands both big and small are queuing up to associate with them. Visa, the official global sponsor of the Paris 2024 Olympics, chose badminton star PV Sindhu (3.8million) and javelin lion Neeraj Chopra (9 million) as its brand ambassadors in India.