Booking Financial News

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says “we were negative on IT for the last 18 months. We have not owned a single IT share. But it is now coming on our screen. We typically look at stocks which are non-consensus. We are still not buying IT but if we get a major price cut on some bad news, then we will probably start nibbling into it. It would be probably too late to sell and maybe too early to buy but you want to buy this on some bad news.” We were seeing a bit of consolidation in the last couple of days but there is a bit of a spike as well and a lot of global headlines. How are you approaching the markets right now? Putting money to work or keeping the powder dry? For us, for the last few months we have been saying that the market is going to be in a consolidation phase. We probably had a price correction and more particularly will see a time correction. The largecaps have been like that. In the last three months, the largecaps have done nothing. They are more or less flattish, slightly down and it is the small and midcap space which have done well so far. But a consolidation is due in that space. We have some cash in the portfolio and we are keeping the powder dry in case there is a correction, but otherwise we are 85% invested.

Gold rate today: On account of dovish stance shown by US Fed officials in Wednesday's US Fed's minutes release, gold price today extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange (MCX). MCX gold price today opened upside at ₹58,045 per 10 gm levels and went on to hit intraday high of ₹58,075 levels within few minutes of commodity market's opening bell.

WASHINGTON, — Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, will publish a memoir on his 2022 stabbing in New York, book publisher Penguin Random House said on Wednesday. Rushdie's new memoir, 'Knife: Meditations After an Attempted Murder', will be published on April 16, 2024. «This was a necessary book for me to write: a way to take charge of what happened, and to answer violence with art,» Rushdie, whose public appearances have been limited since last year's attack, said in a statement released by the publisher. Rushdie, 76, was awarded the 'Freedom to Publish' award by the British Book Awards in May. An attack onstage in Aug. 2022, during a lecture in New York state left the British author blind in one eye and affected the use of one of his hands.

MELBOURNE (Reuters) -Australia's Liontown Resources (ASX:LTR) on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle (NYSE:ALB), even as an Australian billionaire muscles in.

Time’s up for NYSE-listed giant Albemarle’s exclusive due diligence at Liontown Resources, and local billionaire Gina Rinehart’s rapidly accumulated 19.9 per cent stake is casting a shadow on a big payday for investors.

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₹2,500 crore for Adani’s cement firms every year. “The tenure of the refinance will be 36 months," said the first person. Alongside, Ambuja Cements and ACC together generate around $1 billion in cash every year.

₹2,046.2 crore. Deposits crossed ₹7,000 crore, while its loan book was at ₹4,835.93 crore.

NEW DELHI : Systematic investment plans (SIPs) into mutual funds hit an all-time high in September, crossing the ₹16,000-crore mark for the first time while inflows into small and midcap funds moderated amid sky-high valuations in some stocks. Net inflows into equity mutual funds dipped by 30% while debt fund outflows hit an 18 month high of ₹1.01 trillion, mutual fund body AMFI said Wednesday. SIPs stood at ₹16,042 crore in September, up from ₹15,814 crore a month ago.

Jammu and Kashmir-based business group engaged in various sectors, such as cement, steel, glass, plywood, tourism and healthcare, among others. The Central Board of Direct Taxes (CBDT) issued a statement on Wednesday, saying it covered 40 premises in the Srinagar, Sopore, Budgam, Sonmarg and Pulwama areas of the Kashmir valley, apart from Delhi, after the raids were launched on Monday. Incriminating documents, hand-written diaries and digital devices were seized during the searches, it said.

Hoda Kotb, Jada Pinkett Smith has unveiled an aspect of her relationship with husband Will Smith that has remained undisclosed. Jada Pinkett Smith disclosed that there's more to her marriage than she has previously shared with the public.

Percy Jackson and the Olympians, a beloved book series by author Rick Riordan, is set to receive a television adaptation on Disney+ after two films that left fans wanting more. Here's a comprehensive look at all the details about Percy Jackson and the Olympians, including an early glimpse of the trailer and the talented cast. The Percy Jackson franchise has become an enduring classic, introducing a generation to Greek mythology through its five-part book series and exploring other forms of mythology in Riordan's additional works. While the first and second books were adapted into films in 2010 and 2013, these cinematic endeavors received mixed reviews from both fans and critics.

Moreh in Manipur following the attempts to encroach abandoned houses. Additional security forces including the Rapid Action Force (RAF) rushed to the area. Moreh, just 4 km to the west of Myanmar’s largest border town Tamu, saw large-scale violence in July. The Tengnoupal district administration has also suspended daytime curfew relaxation in the border town until further order.

By Rajesh Kumar Singh

Prior to his crypto empire’s collapse eleven months ago, disgraced FTX boss Sam Bankman-Fried (SBF) lived on a lavish Bahamas property alongside nine close friends, accomplices, and fellow executives.

₹11,432 crore in the September 2023 quarter. This was 8.7 percent higher as compared to ₹10,431 crore in the corresponding period last year. Sequentially, the consolidated net profit was up 2.4 per cent as TCS had posted a profit of ₹11,074 crore in the June 2023 quarter.

dividend of ₹9 per share with a record date of October 19 and the payment date of November 7, 2023. Also, the company announced a share buyback of up to ₹17,000 crore at ₹4,150 per share. "Strong deal momentum delivered us a very large order book in Q2 – our second-highest TCV ever in a quarter, and a good pipeline.

₹8,192. With this exceptional performance, Bajaj Finance's shares now stand just 1.63% away from joining the ₹5 lakh crore market capitalization club. Considering the stock's peak price, its market capitalization previously reached ₹4,95,124 crore.

Nawaz Sharif will reach Pakistan in a chartered plane from Dubai on October 21, ending his four-year-long self-imposed exile in the UK, according to a media report. The flight carrying Nawaz will have the name «Umeed-e-Pakistan» which can carry approximately 150 passengers, Geo News reported. «The booking has been made and all arrangements are in place,» the report said.

mutual funds continue to see inflows while large-cap funds witnessed outflows, the data showed. “Equity-oriented funds continued to witness net inflows in September, marking the 31st consecutive month of net inflows. The segment witnessed net inflows of ₹14,091.2 crores in September 2023 lower than what it witnessed in the previous month ( ₹20,245.26 crore).

₹294.95 and looked set to extend the gains into the second consecutive session. JK Tyre share price opened at ₹273.95 against the previous close of ₹270.15 and jumped 8.6 per cent to the 52-week high of ₹294.95 on BSE. While there is no immediate fundamental trigger for the stock, technical analysts observed that the stock breached the level of ₹290 which it had been struggling to cross for some time.