Booking Financial News

IRCTC share price: After ushering in financial year 2023-24, Indian Railway Catering and Tourism Corporation (IRCTC) shares have been in continuous uptrend. IRCTC share price bottomed out at around ₹560 apiece levels at the end of March 2023 and since then it has remained an ideal buy on dips stock for Indian stock market investors. Last week, IRCTC share price touched 52-week high on two straight sessions on Monday and Tuesday.

Salaar-Part 1 Box Office collection Day 4: Superstar Parbhas starrer and blockbuster KGF series director Prashanth Neel's latest venture 'Salaar: Part One- Ceasefire' is ruling the box office by collecting ₹13.64 crore in advance booking for its fourth day at theatres, according to Sacnilk's data. The movie on its third day, bagged over ₹200 crore in India itself. According to the official handle of Salaar, which shared the latest earnings of the film globally, the film crossed ₹295 crore.

alternative investment funds (AIFs) in India have put their cards on the table. A fund lobby has told RBI it would accept a directive that forces lenders which have used AIFs to 'evergreen' loans to slash exposure to 10% of a fund corpus within six months from the date of RBI's circular. It has also mooted a limit on investment by a non-banking finance company (NBFC) in an AIF.

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

Personal finance goals typically include three big-ticket items: education, wedding and retirement. My children were still in high school during those early years of teaching and writing about financial planning. As I heard families setting aside money for weddings, my rational mind scoffed at the idea.

hiring in 2024. Top companies like L&T, Tata Steel, PepsiCo, Airtel, ITC, among others, told ET that their hiring plans are on track for the coming year mostly due to expansion of existing operations, bringing cheer to the otherwise muted job market. This is at a time when most players, especially the IT firms, are cutting down hiring numbers, especially at the entry level. Hiring for this bunch will largely be focused on women to improve gender diversity; sustainability; and entry level talent from the campuses apart from lateral hiring. Overall, the hiring momentum for 2024 will likely be the same as 2023 and in some cases, even more. Hiring momentum will continue in 2024 because of the growth and expansion plans at Tata Steel to reach 40 million tonnes capacity by 2030, said Atrayee Sanyal, VP, human resource manager, Tata Steel.

The end of one year and the start of another is always a good time to admit one’s mistakes. And I got something wrong about remote work. In 2020, when offices shuttered and many workers began working remotely, many sceptics decried the arrangement’s loneliness and isolation.

MUMBAI : A battle of nerves has built up in India’s derivatives market with foreign portfolio investors (FPIs) betting the indices will rise further, while an opposing camp of retail and wealthy investors is equally convinced they can correct. Even as markets have hit record highs, National Stock Exchange’s Client category—comprising largely high-net-worth individuals (HNIs) and retail investors—has taken a sizeable bearish position on index futures contracts, mainly the Nifty and the Bank Nifty, while FPIs have a bullish position on them. NSE data showed that Client held 85,251 cumulative net short contracts as of 22 December, while FPIs held 84,690 net long contracts.

BENGALURU : Byju’s has shifted the ownership of half a billion dollars that its special purpose vehicle Alpha borrowed in the US to one of its unnamed subsidiaries, a move that has stumped its US lenders trying to retrieve their money. Byju’s, which borrowed $1.2 billion in the US in November 2021, moved $533 million of it to Camshaft Capital Fund, a three-year-old hedge fund.

The Cuban government says it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies

ACC Cement company, known as the Nanddham campus. The grand function of the group dance was joined by 37,000 women of the Ahir community from all across the world. The event was joined by more than one and a half lakh Ahir Yadav community people.

Few things signal the holiday season more than Mariah Carey's holiday hit: «All I Want for Christmas Is You.» The song has become synonymous with the season, and it's hard to go anywhere this time of year without hearing it.

Brigade Parade Grounds in Kolkata, nearly 1 lakh people from diverse backgrounds collectively chanted sacred verses from the Bhagavad Gita. Adorned in traditional attires, people from various age groups and societal status congregated at the iconic venue and recited the verses from the holy book alongside revered sages.

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The Rs 960-crore IPO of Muthoot Microfin was subscribed 11.52 times at close.

BSE platform or visit the registrar's website. Bidding for the initial public offering (IPO) ended on 22md December 2023. In three days of bidding, Azad Engineering IPO subscription status informs that the book build issue got subscribed 80.65 times.

IPO, are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The public offer of Motisons Jewellers was subscribed 159.6 times at close, led by heavy bidding by qualified institutional buyers and non-institutional investors. The retail portion of the issue was subscribed 122.28 times, and the non-institutional category's subscription rate stood at 233.91 times. The allocation for qualified institutional bidders was booked 157.4 times.

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Stock market this week: Indian frontline indices S&P BSE Sensex and Nifty50 ended with half a percentage points cuts on weekly basis amid profit booking at higher levels. When markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday. «Nifty gained for the second consecutive day after witnessing a sharp fall on Wednesday. The index closed with gains of 94 points at 21,349 levels. Majority of the sectors ended in green with buying seen in IT, realty, metals and pharma. The underlying tone of the market remains positive. However, as we enter into holiday mood starting this weekend, we expect the market to remain range bound with stock specific action next week,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Factors that are likely to impact movement when markets reopen this week: US Markets

Nitin Raheja, ED, Julius Baer Wealth Advisors, says “OMCs are short-term tactical plays and that is how we look at them. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from the government and the ministry, means they can’t be long-term strategic compounders.” This year has been marked by the comeback of the oil and gas PSUs. What is your take on this because there was always a regulatory overhang which challenged the institutional investors not to participate in these stocks in a big way. Do you think some of those worries are getting abated now? Nitin Raheja: I do not think so. I do not see anything which has significantly changed from a regulatory perspective. These are good short-term tactical plays. OMCs are benefitting from the fact that crude has remained relatively benign, so they have not faced those pressures. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from time to time from the government and the ministry do not make them long-term strategic compounders. They are good short-term plays that is how we look at it.

Thomas Schneeweis says focusing on past performance is the first and biggest mistake investors make when it comes to asset allocation. According to Schneeweis, investors should be rather focused on risk instead of returns. “Much of the past, though interesting, may have very little relevance to what we do today,” he said.” Who is Thomas Schneeweis? Thomas Schneeweis is the Founding Editor of The Journal of Alternative Investments and is co-founder of the Chartered Alternative Investment Analyst Association. He has more than 40 years’ experience in investment management. He is Partner and Head of Research at Yes Wealth Management which provides financial advisory as well as risk based asset allocation and Quantitative Investment Technologies. He has co-authored several books in the area of asset management including The New Science of Asset Allocation: Risk Management in a Multi-Asset World and PostModern Investment: Facts and Fallacies of Growing Wealth in a Multi-Asset World. Investing in hedge funds Schneeweis offered several investment tips on what to look at when investors are looking to invest in hedge funds.

Salaar-Part One Box Office Collection Day 3: Prabhas's action extravaganza, Salaar: Cease Fire - Part 1, continues to dominate the advance booking charts even on its third day, igniting excitement and anticipation among moviegoers across the country. According to Sacnilk data, the film has already collected over ₹20 crore in advance bookings as of Sunday, December 24, 2023. The day 1 and day 2 collections surpassed expectations and indicated a strong audience pull, especially in key metropolitan areas like Delhi, Mumbai, and Bengaluru.