India Financial News

Karuppi from the acclaimed 2018 Tamil film "Pariyerum Perumal" met a heartbreaking end. Terrified by the explosive sounds of firecrackers, Karuppi fled her home in Tirunelveli and was fatally struck by a bus.

SIP into more than Rs 1 crore in the last 25 years. Around four mid-cap funds have completed 25 years in the market. Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore over the last 25 years, achieving an XIRR of 22.84% during that period.

Subscribe to enjoy similar stories. NEW DELHI : In a pivotal regulatory proposal, the Securities and Exchange Board of India (Sebi) has outlined fixed timelines for deploying funds collected through new fund offers (NFOs). The proposal mandates asset management companies (AMCs) to allocate funds within 30 days of NFO closure, with a possible 30-day extension upon committee approval.

Tube Investments of India Ltd. rose 1.34 per cent to Rs 4401.20 in Monday's trade. It hit an intraday high of Rs 4511.95 and low of Rs 4390.00, respectively, during the day. The stock quoted a 52-week high price of Rs 4807.05 and low of Rs 3082.55.

Indian Railways is managing increased passenger demand during the Chhath festival by operating special trains. Following the successful management of passenger rush during Durga Puja, Dussehra, and Diwali, the national transporter is now running over 7000 festival special trains up to the Chhath festival in 2024. Today, November 4, 2024, Northern Railway operates 39 Festival Special trains. This measure aims to accommodate the surge of travelers heading towards Bihar, Uttar Pradesh, and other regions. These Festival Special trains are particularly focused on routes from Delhi to various destinations in Bihar and Uttar Pradesh. This step is taken to ensure smooth travel during the festive season.

US Presidential election of 2024 is one the most watched political events of recent times especially as the outcome will have a huge impact on international trade. In the past few decades, many American politicians have talked about attracting manufacturing investment and jobs back to the country after the manufacturing of goods consumed by Americans has spread across the globe and manufacturing jobs have dwindled in the USA. Countries that export substantially to the USA or have been the destination of manufacturing investment in the past three decades are likely to be targets of trade action in the near future. In any case, the countries with whom the USA runs a large trade deficit are on the radar of at least one potential aspirant to the White House. India is one of those countries. The US happens to be the largest destination for Indian merchandise exports. In 2023-24, imports into India from the USA amounted to $42.2 billion, while exports from India were valued at $77.52 billion.

Subscribe to enjoy similar stories. Bank Nifty’s struggle to keep up with broader market gains has left many investors resigned, adopting a fatalistic Que sera, sera (whatever will be, will be) approach to equities. Nowhere is this sentiment more palpable than with HDFC Bank, Bank Nifty’s largest constituent, which has delivered a mere 2% return year-to-date—a figure that has frustrated the shareholders of the country’s largest private lender.

Government of India has invited applications for the post of RBI deputy governor by November 30 to replace incumbent Michael Patra at the Reserve Bank of India (RBI). Applicants need to have at least 25 years of work experience in public administration or similar years of experience in an Indian or international public financial institution. The government will also consider persons of exceptional merit and track record at the national or international level in the relevant fields. However, the Financial Sector Regulatory Appointments Search Committee (FSRASC) is free to identify and recommend any other person also, based on merit, who has not applied for the post, an advertisement in newspapers and also on the RBI website said.

Subscribe to enjoy similar stories. NEW DELHI : In China, some social media influencers are being taken by the police for questioning for spreading misinformation online. An Economist article recently cited how China’s police are taking online fibbing seriously.

Subscribe to enjoy similar stories. National defence is crucial to the security of a sovereign state. While wars of conquest and territorial defence have been fought for ages, the modern notion of national defence is a Westphalian idea.

Reasons to buyReasons to avoidAlso read: Amazon Special Weekend Deals: Huge savings! Up to 80% off on trolley bags, duffle bags and more; Great Indian FestivalThe Crossbody Suitcase with Detachable Shoulder Strap is a versatile option for travelers who want a hands-free carrying experience. Its detachable shoulder strap allows for easy conversion from a handbag to a crossbody bag, making it perfect for both travel and everyday use.

Subscribe to enjoy similar stories. In 2000, Danny, a 38-year-old lawyer, confronted then Chief Justice Y.K. Sabharwal of the Bombay High Court with a heartfelt request: “Would you grant me the liberty to take my own freedom and step away from the course you have charted for me?" Justice Sabharwal had offered him a judgeship, but Danny wanted to prioritise caring for his ailing wife over accepting the prestigious position.

Subscribe to enjoy similar stories. Before Larsen & Toubro Ltd’s (L&T) September quarter (Q2FY25) earnings were out on Wednesday, its shares had fallen by 7% over the previous month. Weak government spending in the first half of FY25 due to the general elections and global geopolitical tensions were anticipated to mar L&T’s order inflows last quarter.

Subscribe to enjoy similar stories. Warren Buffet once said that an investor should be fearful when others are greedy and be greedy when others are fearful. The famous value investor was talking about the equity market, but it turns out this applies even more to the options market.

Subscribe to enjoy similar stories. New Delhi: Practitioners and experts said proposed changes to the Arbitration Act should include provisions to minimise court intervention when litigants settle for out-of-court dispute resolution. While reforms pitched by the government seek to promote institutional arbitration, they still have provisions which would delay dispute resolution by allowing courts to intervene, said experts.

BSE 500 index has gained 34.5% during this period, partly riding on the continued strength exhibited by the domestic economy and a healthy earnings footprint of India Inc. The market has powered on amid intermittent hiccups, including rising geopolitical tensions, concerns over global recession and a slowdown in China. Mid and small caps, as well as PSU stocks, have put on a show, as Indian stocks have continued to outperform global peers. Stocks fund managers are betting on Domestic equity fund managers, leaning on wisdom gained from previous market cycles, have tempered their excitement. These market mavens have raised vigilance, pulling various risk levers to build portfolios capable of showing better resilience in preparation for tougher roads lying ahead. In this eleventh edition of Most Wanted Stocks, we have zeroed in on a basket of stocks that have been consistently favoured by mutual fund managers. These six stocks have seen a gradual rise in mutual fund holding for four consecutive quarters since September 2023.

stocks with a market cap of over Rs.100 crore, 80.6% (or 2,425 stocks) delivered negative returns in October. Moreover, 1,999 stocks, or 66.4%, saw a price fall of more than 5%. The returns are calculated for closing values between 30 September and 25 October. Strong FPI selling, driven by the Chinese stimulus, low Chinese stock valuations, Middle East tensions, and crude oil volatility have weighed on the equity markets.

Mumbai: As Bitcoin surged toward $70,000 and Wall Street went long on Donald Trump, Indian crypto exchanges tapped offshore bourses for crypto futures trade which is catching on, while many HNIs reportedly made misleading declarations to banks to show their foreign crypto holdings as ‘security’ investments. Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.

Subscribe to enjoy similar stories. Wedding planners and venues in India are gearing up for a vital peak wedding season that runs from November to March. This follows a slow first half of the year, which saw just a handful of dates between April and July.

Subscribe to enjoy similar stories. India’s flexible space providers have reported a multifold surge in revenue since the pandemic as corporates joined startups and professionals in seeking alternative workspaces closer to employees instead of setting up large, traditional offices. Awfis Space Solutions, a publicly listed co-working space provider, saw its revenue from operations jump nearly fourfold from ₹178 crore in FY21 to nearly ₹849 crore in FY24, according to the company's IPO filings and annual report.