Analysis Financial News

Nifty50 ended on a positive note for the sixth consecutive week, ending above the 24,500 mark for the first time. On a weekly scale, the index has formed a bullish candle carrying higher highs and lows as compared to prior candle. “Technically we have enjoyed an upward momentum since March 2023 making higher highs and lows but at present the ADX, a trend strength indicator on weekly scale is at 24.96 and sloping downwards for a while,” said Shrey Jain, Founder of SAS Online.

The cryptocurrency market has been experiencing significant fluctuations, with Solana (SOL) also making a little price swing.

Tata Consultancy Services (TCS) beat quarterly revenue estimates. The Sensex rose by 622 points (0.78%) to 80,519, while the Nifty increased by 186 points (0.77%) to 24,502. Meanwhile, the total market capitalization of BSE-listed companies grew by Rs 1.18 lakh crore to Rs 452.36 lakh crore, although the market breadth favored the bears.

₹538 per month per head on processed food items. This trend is not just about eating habits, but has also helped drive sales for fast-food giants, whose processed food sales are steadily rising. The flood of fast-food joints across cities has made the trend even starker.

Chief Justice of India Justice Dhananjaya Y Chandrachud on Saturday said law students should be well-versed with regional languages and laws so that people's access to the legal system can be improved. Addressing the third convocation of Ram Manohar Lohia National Law University, Lucknow, Justice DY Chandrachud underscored the importance of imparting legal education in «easy language», asserting that it is currently a shortcoming in the legal profession. Citing an analysis done by the research department of the Supreme Court on 81 universities and colleges, the CJI said, «It was found that common people experience hurdles in understanding their rights and schemes meant for them as they do not know English.» «This means that in law universities, legal education is imparted English, and many times, students at legal aid centres are not able explain legal procedures to the common people in regional languages,» he said.

meme coins have become a hot topic in the cryptocurrency world, delivering astronomical returns and capturing the imagination of investors. In a recent live stream session on ETMarkets, Arjun Vijay, Co-Founder & COO of Giottus, highlights that coins like Doge with Hat, Pepe, and Floki have shown remarkable gains, far outperforming traditional equity markets and even major cryptocurrencies like Bitcoin and Ethereum. Let's delve into the world of meme coins to understand their allure, their unique characteristics, and how to navigate this volatile market. The origin and evolution of meme coins

«There is enough competition in the telecom sector and the situation is not critical that requires intervention of the authorities. Consumers may feel some pinch of the price rise, but the hike has happened after three years,» one of the officials told ET, asking not to be named. India's three private telcoraised mobile tariffs by 11-25%, with the changes taking effect this week. As per analysts, this would increase the spending on telecom services in urban India to 2.8% of household expenditures in fiscal 2025 from 2.7% in FY24.

Commercial real estate is often talked about as a problem for smaller banks, but big banks are emerging with the most evident scars so far. That isn’t how the stock market has behaved. Declining values for offices, apartment complexes or other commercial properties have been a factor weighing on the shares of all banks, but particularly smaller ones.

Tariff hikes by the top three telcos will help increase the average revenue per user by 15 per cent, and expand the operating profit by over 20 per cent in FY25, a domestic rating agency said on Monday. The 20 per cent hikes by the telcos after a two and half year hiatus can expand telcos' profit before interest lease depreciation and tax (PBILDT) by 20-22 per cent in FY25, Care Ratings said in a report. It termed the same as a «structural positive» for the telecom sector struggling on the Return on Capital Employed (ROCE) front because of the huge investments in 5G rollout, including spectrum purchases, it said. An analysis by the rating agency revealed that the hikes will improve the telcos' blended average revenue per user (ARPU) by about 15 per cent to Rs 220 in FY25 from around Rs 191 in FY24.

India's fuel consumption rose by 2.6% year-on-year to 19.99 million metric tons in June from a year earlier, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday. India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand. Prashant Vasisht, vice president and co-head, corporate ratings at India Credit Rating Agency (ICRA), said there had been solid economic growth in India, «and there was a lot of tourist activity this year as compared to last year. Jet fuel has been gradually improving… In the power sector the power supplies were more regular, leading to the farming and agricultural sector being well supplied and that has also led to less dependence on diesel.»

Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.

The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president again

MUMBAI : India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of Bajaj Finance Ltd, India’s largest non-bank, but to Abhay Bhutada, the recently retired chief of Pune-based Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth.

Death by strangulation, decapitation, exsanguination. Buried alive, burned on pyres, crushed by stones, thrown off cliffs. Homo sapiens in nearly every part of the world has practiced human sacrifice at some point over at least five millennia, often killing females in fertility rites or for burial alongside powerful males.

Ether (ETH), the world’s second largest cryptocurrency by market capitalization, fell sharply early Friday to trade near a two-month low, participating in a broad-based sell-off across the asset class sparked by fears the market could soon be flooded with additional Bitcoins from defunct Japanese exchange Mt. Gox.

The financial sector has been rapidly adopting artificial intelligence (AI) technologies, particularly generative AI and large language models (LLMs), to enhance various aspects of operations and customer interactions.

WisdomTree is building on the momentum in its model portfolios business by rolling out a new suite of solutions for investment advisors.

Pixxel plans to unveil an online software suite to browse through images of earth captured by its satellites and also order customised pictures. In an interaction with PTI editors, Pixxel Space Chief Executive Officer and co-founder Awais Ahmed said the start-up's earth observation studio ' Aurora' was part of efforts to make space-based data accessible to the common person for a small fee. Pixxel's earth observation studio is expected to go live later this year and make the hyperspectral images of the earth taken by its satellites and data analysis accessible to everyone.

Those looking for a reason why headline wage growth has remained persistently high despite the slowdown in inflation need look no further than the federal government, according to an analysis published this week by Desjardins Group.

government spending after the polls has injected fresh liquidity into the banking system, bringing down overnight borrowing rates, Treasury Bill yields and, in turn, short-term financing costs for Indian companies, even as the central bank seems to be in no great hurry to lower policy rates. After being at or above the Reserve Bank of India’s repo rate of 6.50% in May and June, the overnight weighted average call rate (WACR) has averaged 6.39% so far in July, more than 10 basis points lower than the benchmark policy rate, an analysis of daily central bank data showed. One basis point is a hundredth of a percentage point. The key driver of the evident shift in banking system liquidity to a surplus from a protracted deficit has been a flow of government expenditure — of about Rs 1 lakh crore — over the past few days. “Government cash surplus (Centre and states), which had peaked at Rs 5.1 lakh crore as of May 24 after the RBI dividend, has reduced to Rs 2.1 lakh crore as of July 11, with a pick-up in the pace of government expenditure,” said Gaura Sengupta, chief economist, IDFC First Bank.

Form 16 is a certificate issued by an employer under section 203 of the Income-tax Act, 1961, which pertains to the deduction of tax at source (TDS) from the income earned as salary during a financial year. The employer provides it to show the tax deducted from the employee's salary, which is then deposited with the government against the employee's PAN. The TDS certificate contains a comprehensive overview of the salary amount disbursed to the employee and the tax that has been deducted from it. Additionally, if an employee chooses the old income tax regime and presents investment proofs, this information will be included in Form 16. The employer must give the employee their Form 16 if the employer withholds taxes from the employee's salary.