India Financial News

Ebrahim Raisi, in a helicopter crash on Sunday is unlikely to result in immediate changes to Iran's ruling system, which Supreme Leader Ayatollah Ali Khamenei determines. However, Raisi was widely viewed as a leading candidate to succeed the 85-year-old supreme leader. His sudden death raises the possibility that Khamenei's son could eventually assume the position.

“There’s always been a market for people who pretend to know the future." —Charlie Munger Recently, social media has been inundated with inquiries from people seeking advice on how to position themselves in anticipation of significant events, such as trends emerging from the general election at 9.15am on 4 June, when India’s equity markets open for trade. Big events often create anxiety for most people regarding the decision to act or not. This response is quite natural and is part of human evolution.

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.

Tube Investments of India Ltd. traded 2.4 per cent lower in Tuesday's session at 02:09PM (IST). The stock opened at Rs 3780.0 and has touched an intraday high and low of Rs 3780.0 and Rs 3695.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of 2647.1. About 4,853 shares changed hands on the counter so far.

Open interest indicates that bulls are likely to dominate the following counters. In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Pune has already have already committed a crime which can lead to an adult being sentenced for life! 17-year-old Vedant Agarwal hit headlines when his Porsche SUV, knocked down two people who were travelling on a two-wheeler. The victims a pair of IT employees -Ashwini Koshta (24) and Aneesh Awadhiya, died on the spot. Both of them were from Madhya Pradesh. The incident took place at Kalyani Nagar, Pune. The vehicle, which did not have a registration number, collided with the roadside pavement railings after striking the pair. A video circulating on social media depicted a crowd of individuals assaulting the driver as he attempted to extricate himself from the crashed car. An eye witness told the police that The Porsche was traveling at a speed of approximately 200-240 km/hr, with three occupants, including Vedant, in an intoxicated state.

exchanges, Axis Capital raised the target price for IEX to Rs 170 with an ‘add’ rating for the stock from an earlier ‘sell’ recommendation. “If the present valuation stays intact, the stock performance may track earnings growth. We believe there is a tactical opportunity to make returns in IEX by riding the power demand growth and improved liquidity on exchanges,” said a report by Axis Capital.

cricket and investing? There’s a lot that investors can learn from it. You see, there are parallels between crafting investment portfolios and selecting cricket teams. Both advocate for a mix of specialists, all-rounders, and X-factor options to navigate market dynamics and outperform the competition.

NEW DELHI : Navigating the legal landscape of succession rights in India can be particularly challenging for non-resident Indians (NRIs) married to foreign nationals. Questions about the financial rights of offspring and spouses of NRIs whose marriages aren't solemnized in India often arise, creating a maze of legal intricacies. While the short answer is that there are no immediate issues, the longer answer uncovers several legal nuances.

Hemant Sood, the managing director of Findoc, is positive about the prospects of the Indian stock market. Sood says this could be a good time to enter the market and suggests buying on dips to average out the portfolio's overall performance. He adds that there is huge potential for a double-digit return this year, but this cannot be guaranteed due to overvaluation.

Mint in an interview. He said even delivery platforms servicing giants like Amazon and Flipkart must seriously evaluate this strategy. Personal care D2C brand Nat Habit, which raised about $10.2 million led by Bertelsmann last year, is the latest among the companies that are in talks to sell products through quick commerce.

₹24,999. The phone is powered by the MediaTek 8200 Ultimate chipset and will give direct competition to other devices in the sub- ₹25,000 price segment such as the OnePlus Nord CE 4, Poco X6 Pro and Nothing Phone (2a). Also Read | Best camera phones under ₹25,000 in May 2024: Tecno Camon 30, Realme 12 Pro, OnePlus Nord CE 4 and more The latest smartphone from Infinix starts at ₹24,999 for the 8GB RAM/256GB storage variant and goes up to ₹26,999 for the 12GB RAM/256GB storage variant.

Mukesh Ambani, Harsh Goenka and Anand Mahindra's throwback pictures go viral One netizen asked Goenka whether he was planning to enter politics. "Harsh ji, if given the opportunity by Modi ji, would you be interested in going to Rajya Sabha?". "Character should be assessed by observing whom one meets and whom one avoids to meet," a user commented on Goenka's photo.

NDTV, Kishor said, "I think Modi-led BJP is returning. They may get the same numbers as last election or do slightly better." “Unless there is widespread anger or clamour for the rivals, I do not think a big change will be seen." Further adding, he said, "So far, we have not heard that there is widespread public anger against Modiji. There may be disappointment, unfulfilled aspirations, but we have not heard of widespread anger," he said as quoted by NDTV. Speaking on the INDIA bloc, the political strategist added that the opposition bloc did not take any major action for months after announcing their alliance nor did they announce any prime ministerial candidate.

Rinku Singh, the middle-order player for India and Kolkata Knight Riders , stated that his goal in senior cricket is to lift a large trophy for his team with his own hands. Rinku, who is accompanying the Indian team to the ICC T20 World Cup as a reserve, will depart on June 1, is currently competing in the Indian Premier League on behalf of Kolkata Knight Riders. With four fifties and 474 runs scored at an average of 59.25 and a strike rate of 149.52 in his breakout season the previous year.

IndiGo makes long-haul foray, orders 30 wide-body aircraft How much can this translate into profits and how much has the airline earned from Pratt & Whitney as compensation will be known on Thursday. The last few months have seen airlines open up to compensation from Pratt & Whitney, which has run into millions of dollars, not all of which is a cash payout. Globally, the large airlines have reported their best-ever profits in FY24.

Read here: Elections 2024 & Stock Markets: ‘Stop predicting, start…’ says Deepak Shenoy "In our view, a large part of the optimism is already priced in, while disappointment is not. Therefore, the risk-reward is skewed slightly towards a buy-on-dip strategy, rather than going all in," it said. Overall, it continues to believe the Indian equity market will deliver low double-digit returns in the current financial year after the positive performance YTD.

cricket in older days and said that nowadays “bias of affluence noted". In a post on X, Kamath wrote, “I vividly remember lying on a mattress watching every cricket game India ever played with my family as a kid. When India won a game against Pakistan, the entity locality came to a halt, and we would be on the streets celebrating :)." He stressed, “Today, things seem different; a lot of the kids I meet (bias of affluence noted) seem to be speaking about other sports, video games, etc." Speaking about the cricket franchises, Kamath said, “Is crcicket fully priced in? Would you go long or short cricket franchises at today's valuations?" Also Read: Harbhajan Singh on Mumbai Indians' performance in IPL 2024: ‘…the decision to make Hardik Pandya captain backfired’ A user, Prakash R commented, “In recent times, I find myself to be more attached to my local city team CSK rather than to the national team.

India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed. Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions. The West has imposed the sanctions against Russia since it invaded Ukraine in 2022 and has enacted price caps on oil and oil products loaded at Russian ports aimed at cutting Moscow's oil revenue that funds the war.

Indian Hotels Company Ltd. fell 0.29 per cent to Rs 568.95 at 01:33PM hours (IST) on Tuesday. Earlier in the day, the stock saw a start to the session. As per data available on BSE, total traded quantity on the counter stood at 72,771 shares with a turnover of Rs 4.12 crore till 01:33PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 64.51, while the price-to-book value ratio stood at 8.9.

energy demand, and a move towards renewable energy sources are driving a dramatic transformation of the Indian power sector. Both domestic and foreign investors may find lucrative investment opportunities in this sector. India's power consumption is expected to almost double due to urbanization, economic growth, and rising per capita income by 2040. India's growth trajectory is attracting investments across the value chain, positioning the country as a major player in the global energy markets, in our view.