2024 Financial News

Sanjiv Bhasin, Director, IIFL Securities, says “for this quarter, it will be Indus Tower on the back of results, on the back of positive developments on Idea. SW Solar is my stock for the year. Do not sell it for less than Rs 750. Their book is doing extremely well. It is a debt-free company. It has an order inflow of almost Rs 40,000 crore in FY24-25 with not a single order from the parent. There is a 12% MVP margin. This stock can be an outperformer from here. And last but not least, DCB Bank.” What exactly is the strategy going to be when it comes to largecap IT? We were just mapping out the one-year returns of individual IT stocks and very diverging moves for instance between an HCL Technologies versus an Infosys. How are you looking at identifying some of the winners in particular within the IT space for the year ahead? Sanjiv Bhasin: HCL Tech has been one of our top picks along with Persistent and LTTS. We still think that combination is going to work excellently. HCL Tech's numbers will be by far the best we have seen in the largecaps. But now we have upgraded Wipro. We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that.

After closing 2023 on a high, the Indian equity market saw a slow start to 2024. In the week that ended 5 January, the benchmark Nifty 50 index was down 0.1% week-on-week in local-currency terms.

corporate bond funds. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

diversification is another effective tool. By spreading your investments across various asset classes (such as stocks, bonds, and real estate) and diversifying within each asset class (exploring different sectors and industries), you can reduce risk and create a more stable return pattern. Additionally, you might consider delving into alternative investments such as commodities, gold, or assets designed to guard against inflation if you seek a degree of protection amid economic turbulence.

Awards- Sapphire Software Solutions has been recognized as the Top Mobile App Development and Ecommerce Web development Company by the most credible platform, CLUTCH and GoodFirms internationally, due to their unwavering innovation and dedication to creating websites and Apps that meet market demands. Furthermore, Sapphire is rewarded for having the top Web developers, based on customer feedback on well-known platforms.

Innovation in traditional plans could see hyper personalisation in the near future, leading to open-ended products with the ability to mix and match, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance tells Riju Mehta. What are your Budget expectations? A lot of expectations continue to be what they were. The annuity double taxation is a big one because India is one of the largest grey countries and a part of the reason annuities are not doing as well is the taxation structure. You are taxing it at entry and exit.

Jo Koy was selected as the host for the Golden Globes 2024. Notably, more renowned comedians, such as Chris Rock, purportedly declined the hosting opportunity. Additionally, former Golden Globes hosts Tina Fey and Amy Poehler reportedly conveyed that they are no longer interested in taking on the role. Koy is the second Asian host in Globes history. Sandra Oh emceed the show in 2019. He wants to the inspire those from the Asian community in his first major hosting gig.

see similar prices to what was seen in 2023, with automotive experts saying not to expect the cost for a vehicle to return to pre-pandemic levels anytime soon.During the COVID-19 pandemic, inventory became a big factor due to supply chain issues impacting semiconductors and automotive computer chips, and with it came higher prices due to fewer new and used cars available for purchase.“So when there (are) fewer cars sold and new cars sold, obviously it has a direct impact on the used market,” Baris Akyurek, vice-president of insights and intelligence at Autotrader.ca, told Global News in an interview. “That’s why we have been seeing inflated prices.”As 2023 came to a close, however, Akyurek said it has been a “pretty positive” year in terms of availability.According to Auto Trader’s 2023 trends report released in September, the new car supply had increased from the month prior, with the organization predicting modest increases to inventory in the coming years.

MUMBAI : Domestically, the backdrop is that of an impending general election, and, traditionally, an incumbent government cannot present a full Union budget in such a year. Whereas, globally, the setting is that of a debate on debt and sustainability amid falling growth. But that shouldn’t necessarily be the context for the upcoming budget.

NEW DELHI : The interim budget on 1 February is likely to increase the tax rebate under the new personal income tax regime, two people close to the discussions said, giving relief for the middle class ahead of the approaching general elections. The plan is to raise the tax rebate, which is now available for income up to ₹7 lakh, to about ₹7.5 lakh under the new regime, the people said on the condition of anonymity. Tax rebate eligibility is calculated on the net income after taking into account standard deduction of ₹50,000.

To this effect, the state of Gujarat’s success story is one of the most dynamic ones to have taken place in 21st-century India. Gujarat accounts for 8.3 percent of India’s GDP, 18 percent of industrial output, and 33 percent of exports, its Gross State Domestic Product (GSDP) has grown from Rs 1.42 lakh crore to Rs 22.61 lakh crore in the last two decades and the future outlook for the state continues to look incredibly positive across sectors.

Global Investors Meet 2024 organised by the Tamil Nadu government here. “Don't oversubsidize manufacturing and think that's the only part to growth... Services are also a big part of the growth story, and let's not treat services as a stepchild less valuable, less amenable to low-skilled jobs.

The 81st Golden Globe Awards will be broadcast live from the Beverly Hilton hotel, beginning at 8 pm (ET) on January 7, Sunday. It will air beginning at 5 pm on the West Coast. It will be the first major broadcast of awards season, with a new home on CBS.

Rohit Sharma and Virat Kohli didn't play much T20 cricket in 2023, but Rohit Sharma's aggressive performance in Asia Cup 2023 and ODI World Cup 2023 displayed that he is more than ready for T20 cricket. Virat Kohli has been phenomenal in all formats of the game last year, but his average in T20 format may push the selectors to re-think his position in the squad. "If you have Rohit, Shubman Gill, Virat, Suryakumar Yadav and Hardik constituting your top five then where is your left-hander? Now, let's assume you drop Kohli and play Gill at No.3 with Yashasvi Jaiswal opening with Rohit.

But a key development that almost grabbed the attention of the street has been the huge acceptance of the Systematic Investment Plan (SIP) mode of investing. This is reflected in the inflows through SIP mode, which reached Rs 17,073 crore in November 2023 from Rs 13,306 crore in November 2022. This amounts to a growth of 28% on a year-on-year comparison.

Income tax 2024 proof submission: The income tax proof submission's last date for FY 2023-24 is generally 31st March. However, there is no strict deadline and it varies from employer to employer. Generally, your employer may ask you to declare investment proofs from January onwards till March. 

Bangladesh Elections 2024: Bangladesh began voting for its general elections early today January 6, amid pre-poll violence and opposition calls for a boycott of the incumbent government and its candidate, current Prime Minister Sheikh Hasina. Notably, however, Hasina looks set to win a fifth term, and fourth consecutive clean sweep in the country, amid a lack of a significant rival option. This election has unfolded against the backdrop of Hasina's government unrelentingly tamping down on protests by opposition party representatives via widespread arrests.

Bangladesh Elections 2024: Bangladesh began voting for its general elections early today January 6, amid pre-poll violence and opposition calls for a boycott of the incumbent government and its candidate, current Prime Minister Sheikh Hasina. Notably, however, despite the opposition, protests, and claims of coercion, Hasina looks set for a fifth clean sweep in the country amid a lack of a significant rival option. This election has unfolded against the backdrop of Hasina's government tamping down on the boycotts by opposition party representatives via widespread arrests.

shortly after its issuance. The Department of Education clarified that the earlier order, which extended the winter break, was issued by mistake. A decision on the matter was supposed to be reached on January 8.

artificial intelligence, chatbots and even more artificial intelligence. Given what an industry disruptor AI has proved to be, however, it’s quite likely that this year could shape up along similar lines. Big tech companies have loaded their arsenal with AI tools and will want to unleash these in the next 12 months. Here’s a quick primer on what we can expect to see in the coming year:

Congress on Saturday set up the election committees for eight states, including Madhya Pradesh, Rajasthan, Kerala, Chhattisgarh, Himachal Pradesh and others. The grand old party also constituted the political affairs committee for Madhya Pradesh. «The Congress President has approved the proposal of the constitution of Pradesh Election Committees of Rajasthan, Kerala, Telangana, Chhattisgarh, Himachal Pradesh, Nagaland, Manipur and Tripura, and Pradesh Election Committee and Political Affairs Committee of Madhya Pradesh, with immediate effect,» an official statement issued by the party said on Saturday. While Telangana Chief Minister A Revanth Reddy was announced as the chairman of the Pradesh Election Committee of the southern state, Jitu Patwari and Govind Singh Dotasara will head the Pradesh Election Committee for Madhya Pradesh and Rajasthan, respectively.