2024 Financial News

Bharati Airtel and Reliance Jio, are likely to withdraw their unlimited 5G data plans in the second half of 2024 and charge at least 5-10% more than the current 4G tariff to drive monetisation and boost revenue growth, according to a report in the Economic Times, citing analysts. Notably, Reliance Jio and Bharati Airtel launched 5G services in the country in October 2022 and have since been offering unlimited 5G services at existing 4G tariffs.

iPhone 15 at an unprecedented price of just Rs 65,999, making it the most budget-friendly option available. This exclusive deal surpasses the Apple Store's retail price of Rs 79,900, marking a significant discount within a year of the iPhone 15's launch. Shoppers can seize the base variant of the iPhone 15 in various colour choices on Flipkart, coupled with an extra Rs 750 off when using an ICICI or Bank of Baroda credit card. While Amazon grapples with stock shortages of all iPhone 15 variants, Croma is offering the same model at a comparatively higher price of Rs 70,990, solidifying Flipkart's position as the preferred destination for iPhone enthusiasts during this Republic Day sale. But that's not all; Flipkart's Republic Day bonanza extends to the iPhone 14, priced attractively at Rs 57,999, and the iPhone 13, available at an enticing Rs 51,999.

Is the Indian Market Index expensive? The easiest answer which comes to ones’ mind is “Yes”. Nifty is at all-time high and trading at ~20x one year forward, hence on an absolute basis in line with its last five years’ average. On a relative basis, it trades at a premium of ~88% to MSCI EM and 26% to MSCI World index, making India arguably one of the costlier markets. However, a) The Quality of Earnings and macro situation is not similar to India’s past b) Indices are not comparable to their historic past. The Indian economy is going from strength to strength with most economists increasing their estimates from 5-6% to 7-8%. If one were to add 4-5% as inflation, Nominal GDP could grow at 11-13%. India is adding US$ US$ 1 trillion in 3 years so assuming a MCap to GDP ratio it can add >US$ 1.25 trillion incrementally every 2-3 years, for the broader markets or over 10-15% p.a. The PAT as % of GDP to has increased from 1.9% lows in F2020 to over 5% currently and we will not be surprised if it doubles in the next 5 years if the profit growth is twice the GDP growth in a blue sky environment. Then one could argue of a higher MCap to GDP multiplier of 1.5-1.75 x. Our bottom up analysis in JM PMS estimates NIFTY 50 to grow at 15% plus p.a., with broader base contribution from many industries as against the financial industry historically. The indices have had material changes in the last decade, almost 17 stocks or 35% of the no. of stocks have been reshuffled in the Nifty 50, and in most cases the stocks which have entered are much higher PEs.

Novak Djokovic, the 10-time Australian Open champion, initiated his quest for a historic 25th Grand Slam title against Dino Prizmic, while Aryna Sabalenka defended her title against Ella Seidel. The opening ceremony witnessed tennis legends Andre Agassi and Evonne Goolagong Cawley honoring the event's 50th anniversary. Champions in Action The defending champions, Djokovic and Sabalenka, showcased their skills on the first day. Djokovic, on a remarkable 28-match winning streak at Melbourne Park, faced Croatia's Dino Prizmic, eyeing an unprecedented 11th Australian Open title.

Immerse yourself in the seamless blend of innovative technology and trusted names, ensuring both efficiency and style in your culinary space. Time is of the essence, so seize these exclusive deals before the sale concludes on January 18. Delve into this article for a comprehensive exploration of the finest deals, providing you with insights to revamp your kitchen with top-quality appliances without breaking the bank. Hurry up and don't miss the chance to transform your kitchen into a hub of culinary delight with the best deals at the Amazon Sale.

The Amazon Great Republic Day Sale 2024 is now live for all members, offering up to 75% off on toys and games. This exciting opportunity allows shoppers to find great deals on a wide range of entertaining and educational items for children of all ages. Whether you're looking for the latest action figures, board games, or educational toys, this sale is the perfect chance to snag some fantastic bargains. Don't miss out on this incredible offer to bring joy to the little ones in your life!

Makar Sankranti, the harvest festival celebrated in various parts of the Indian subcontinent, is being celebrated on 15th January 2024. This festival marks the transition of increasingly lengthening days and the sun's movement towards the North. The history behind Makar Sankranti revolves around the worship of the Sun God 'Surya' for success and prosperity. Devotees partake in a holy dip in the river Ganga and gather on its banks for meditation, believing that this ritual cleanses the soul and absolves them of sins.

2020 Tokyo Olympics bronze medal match — was it. India’s Olympics campaign had hit the wall and the team failed to make the final despite a brilliant effort. And the girls, understandably, were inconsolable. The men’s team was giving them a rousing ovation from the stands.

₹6,045 per bbl, having swung between ₹6,007 and ₹6,236 per bbl during the session, against a previous close of ₹6,033 per barrel. -While the diversions by oil tankers were expected to push up the cost and time it take to transport oil, supplies have not yet been impacted, analysts and industry experts noted, easing some of the earlier gains in prices. Analysts said that if the conflict were to spread to the other side of the Arabian peninsula, oil markets may react much more significantly.

This followed notable progress that was announced in the January Bulletin. For the fifth month in a row, USCIS will use the Dates for Filing to ascertain the eligibility of employment-based filings in February. Considering that the Final Action Dates chart typically contains more progressive cutoff dates than the Dates for Filing chart, this is great news. The Visa Bulletin provides important information about the processing of adjustment of status applications for consular immigrant visa files and approvals, as well as the per-country priority date cutoffs that control immigrant visa availability.

Chris Morris, a former all-rounder from South Africa, was once the most expensive player in Indian Premier League (IPL) history. In the 2021 auction, the Rajasthan Royals won the bidding war over the Punjab Kings by selecting him with an incredible INR 16.25 crore bid. Then in 2023 after two years his record was beaten by Sam Curran who was taken in by the Punjab Kings with INR 18.50 cr Morris said that although it will put pressure on Starc, the pacer will be able to justify it with his experience and performances. Just hours after his captain, Pat Cummins, broke the Rs 20 crore barrier when acquired by Sunrisers Hyderabad (SRH), Starc made history by being the most expensive player in IPL history when he was purchased by KKR for an incredible Rs 24.75 crore at the Dubai auction in December of last year. It's really good.

Makar Sankranti 2024: Makar Sankranti, a revered Hindu festival celebrated across India and parts of South Asia, holds great significance as it marks the commencement of the sun's northward journey. Falling on Monday, January 15, 2024, this festival ushers in the promise of longer days and warmer weather, symbolising the transition into the harvest season.

Indian economy is warming up to booming economic activity all around. One could hardly miss the crowded stations and airports, hotels going full, and streets bustling with people. Economic activity has been gaining momentum for over a few quarters, with questions on whether this year’s global economic headwinds are strong enough to impact the domestic buoyancy or whether they too will have bottomed out by the end of 2024.

₹3,864 crore worth of Indian equities and the total inflow stands at ₹9,034 crore as of January 12, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according to analysts. "The surge in FPI inflows during December 2023 which stood at ₹58,372 crore, slowed down in early January 2024.

ROG Phone 8 series, featuring the latest Snapdragon 8 Gen 3 chipset. Despite a decrease in battery capacity, the series promised improvements such as reduced bezels, water and dust protection, and lighter weight. NVIDIA launched the GeForce RTX 4080 SUPER chip, offering enhanced gaming and generative AI performance.

Bitcoin price has experienced a notable decline, trading at $42,825 with a sharp decrease of nearly 7% on Saturday, marking its lowest level in 2024. This downturn comes amidst growing skepticism from Bitcoin’s leadership about its acceptance as a mainstream form of money.

CUET PG — 2024 was introduced for admission into various PG Programmes in Central and State Universities/ Institutions and participating Deemed/ Private participating Universities/ Institutions for academic session 2024-25. How to apply online?

HANOI — Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.

The Indian wellness industry is sized at USD 42.1 billion in 2023 and is slated to cross USD 70 billion by 2025, growing at a CAGR of 28-30%. Increasingly the traditional boundaries between wellness, hospitality, vacations, and serviced living are blurring, as Indians are now prioritizing health and wellbeing, just like their global counterparts.

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas

From electric cars to transparent TVs to the latest accessibility tech and virtual assistants backed by artificial intelligence, there was a wide range of innovations on display at the CES tech show in Las Vegas this week