India Financial News

Subscribe to enjoy similar stories. I sat down to write this piece on Dr. Manmohan Singh immediately after attending the cremation ceremony at Nigambodh Ghat.

Ola Electric will remain in focus on Monday following the resignations of two senior executives, Chief Technology and Product Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal, effective Friday. Both Chatterjee and Khandelwal had longstanding tenures at Bhavish Aggarwal-led Ola, initially joining Ola Cabs before transitioning to Ola Electric. Chatterjee joined as Head of Design in 2017, while Khandelwal began in 2018 as Head of Marketing. Their departures add to a series of top-level exits from Ola’s businesses, including AI venture Krutrim, this year.

Senores Pharmaceuticals will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 284 in the grey market. Considering the upper price band of Rs 391, the stock is expected to list at a premium of 70% or above the issue price.

Iranian President Masoud Pezeshkian extended condolences on the passing of former Prime Minister Dr Manmohan Singh, praising him as a great leader of India and a key supporter of the strong relations between India and Iran.

Tesla and SpaceX, has described the H1-B visa system as “broken” and called for reforms to curb its misuse. The programme, which allows US companies to employ highly skilled foreign workers, has been criticised for enabling the hiring of low-wage workers, particularly in the tech industry.

FUNDAMENTALS

Ventive Hospitality will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 70 in the grey market. Considering the upper price band of Rs 643, the stock is expected to list at a premium of just over 10% compared to the issue price.

Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges. The yen was changing hands at 157.71 with only the risk of Japanese intervention preventing another test of the 160 level last seen in July.

Konchok Stanzin expressed concern over the installation of the Shivaji’s statue on the banks of Pangong Lake by the Indian Army.

Dhananjay Sinha, Co Head of Equities & Head of Research, Systematix Group, says concerns have eased as the VIX index has fallen globally and in India, indicating a potential short-term improvement in market sentiment. The market is currently experiencing rotation and significant trading activity. However, Systematix’ outlook for the 2025 stock market suggests that margin pressures will continue due to rising raw material costs, particularly affecting companies in the consumer sector and related industries. There are also pressures in the metals, cement, and infrastructure sectors. Sinha is interested in the pharmaceutical sector and the recent changes in the consumer market. They plan to explore several opportunities in this area and have a positive outlook on e-commerce as well. What are you making of the markets heading into next year, especially sectors like IT and pharma? IT has not done very well for itself, but pharma and real estate have outperformed the entire Street. Is the rally seen in both of these indices continuing heading into the next year? Dhananjay Sinha: From a market standpoint, the market has been fairly choppy in the recent months. The key factor has been the fact that earnings season has not panned out that great. Over the last couple of quarters, there has been a contraction in the profitability of non-finance companies and that is impacting the earnings expectations from a consensus standpoint.

Ronald Read, an American janitor and gas station attendant, who, when he passed away in 2014, left behind a $8 million fortune. What is truly remarkable is that he built this wealth while working jobs that never paid him more than a modest salary. The striking thing is that Read’s story isn’t about some magical investment strategy or discovering the next big thing. Instead, it’s about the fundamentals of investing I’ve written about in this column for years, with an extraordinary demonstration of their power.

Kalpataru Projects International reported a healthy operating performance in the September 2024 quarter with a 7.6% and 17% increase in revenue and net earnings on a year-on-year basis. While decent execution supported revenue growth, a lower effective tax rate aided PAT growth. Segment-wise, T&D (domestic and international), Building and Factories, and Oil and Gas continue to do well whereas Railways and Water segments are seeing persistent challenges.

NPS Vatsalya scheme.

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money anyway, they still don’t feel motivated to learn the principles. This paradox has bothered me as a financial educator, but I guess I understand where the roadblock lies. We are so short of trust-enforcing behaviours in the financial arena that it makes many wary to step in.

SIPs. Here are some steps you can take to avoid cancellation of your SIPs.

mutual funds. We examine the key fundamentals of Aditya Birla Sun Frontline Equity Fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTS DATE OF LAUNCH