Consequences Financial News

Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund underscores the growing might of domestic investors. He highlights that retail investor behaviour during periods of volatility will be a challenge that could crop up in 2024 and needs to be appropriately addressed. In an interview with Mint, Subramaniam shared his views on the domestic market, economy and the upcoming Budget. Edited excerpts: The year has been a great one for the markets as domestic flows, especially the SIP (systematic investment plans) book, have been strong and giving buying support whenever FPIs (foreign portfolio investors) flows have slackened.

Congress to hold 'Hai Tayyar Hum' mega rally in Nagpur on 28 December Morarji Desai was the first non-Congress Prime Minister of India. Desai remained in the office for 856 days. He served as the fifth PM during 1977-79, leading the post-emergency government led by the Janata Party.

Rick and Morty Season 7 left fans intrigued and eager for more cosmic escapades, even as the series successfully navigated the absence of Justin Roiland, with new narrators Ian Cardoni and Harry Belden stepping into their respective character roles. The animated phenomenon, known for its cosmic adventures and family dynamics, proved its resilience and adaptability in a season that introduced refreshing nuances to the storyline.

Investors are facing a myriad of uncertainties that pose substantial risks to the stability and performance of global markets – but as ever where there are risks, there are also significant opportunities.

2024 Market Strategy: What investors should stay away from next year? The robust investor enthusiasm has translated into impressive subscription rates during the bidding process. Consequently, these SME stocks have made market debuts with substantial premiums, surpassing their issue prices by a considerable margin. Building on this momentum, the last week of 2023 will witness another six SME companies raising funds, while stocks of 10 companies are scheduled to make their debut on the exchanges.

last Budget before general elections, Santosh Singh, fund manager of Motilal Oswal AMC, doesn't anticipate a multitude of significant announcements to be made. Apart from his expectations from the interim Budget and government's focus on manufacturing and development, he deconstructs the stupendous spike shown by the market and its likely reasons. Among many positive things likely to happen next year, the IT sector is expected to beat the expectations, says Santosh Singh in an email interview with Mint.

market. The red soldiers would fade away, leaving investors to enjoy nothing but a continuous increase in their bank balances. In bull markets, there’s a tendency to adopt the notion that earning profits in the market requires minimal effort.

One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said on Friday

The aim was to strengthen efforts, including information sharing, to counter extremism in the Indo-Pacific region. As part of the Quad Counterterrorism Working Group’s efforts, this multi-day event included presentations and a tabletop exercise focused on enhancing Quad cooperation in response to an overwhelming terrorist incident in the Indo-Pacific region, according to a US State Department statement. Discussions included exchanging information on ever-evolving terrorism threats, further developing regional coordination mechanisms, and countering terrorist use of emerging technologies. Participants explored what capabilities and support the Quad could offer, and how the Quad might coordinate in order to support the existing capacities of Indo-Pacific countries. Gregory LoGerfo, acting principal deputy coordinator for counterterrorism, led the US interagency delegation. The Quad convenes four like-minded regional partners—the US, Australia, India and Japan—to make tangible progress on pressing challenges within the region and support a free and open Indo-Pacific that is inclusive and resilient, the statement affirmed. During their meeting in September, the Quad foreign ministers held detailed discussion on counter-terror partnership. “We also discussed the recent Quad Counterterrorism Working Group’s Consequence Management Exercise, which explored the capabilities and support Quad countries could offer regional partners in response to a terrorist attack and look forward to the upcoming Quad Counterterrorism Working Group meeting and tabletop exercise in Honolulu, Hawaii in December, which will focus on countering the use of emerging technologies for terrorist purposes,” the Quad foreign minister’s statement

Amsterdam is set to implement a significant increase in tourist taxes starting next year, potentially claiming the title of the European Union's city with the highest tourist taxes. According to local reports, the tourist tax is expected to surge by 12.5%, reaching a potential €21.80 per night for an average room rate of €175 per person by 2024. This increase also extends to cruise passengers, with fees rising from €8 to €11 per visitor.

Swastika Investmart Ltd, said. Given the lack of substantial indicators, Meena noted that the December F&O expiry might introduce volatility to the markets. In the preceding week, the BSE benchmark saw a decrease of 376.79 points, equivalent to 0.52%, while the Nifty experienced a dip of 107.25 points, or 0.49%.

Ukrainian Defence Ministry has been apprehended on charges of embezzling USD 40 million (1.5 billion Ukrainian hryvnia) related to a contract for artillery shells, CNN reported the Ukrainian Security Service (SBU). The SBU alleged that the official, in December of the previous year, entered into an agreement with a specialised export company for the procurement of a substantial batch of artillery shells. Subsequently, a more advantageous contract for the supply of these shells, excluding intermediaries, thereby reducing delivery time and costs, was later signed with the same manufacturer, CNN reported. According to the SBU, the defence official extended the original, costlier contract, resulting in the transfer of funds amounting to USD 40 million to the accounts of a connected foreign intermediary firm. The SBU claimed that it is in possession of documents substantiating these illicit activities, with the accused facing a potential prison sentence of up to 15 years if proven guilty. The Ukrainian Ministry of Defence has initiated efforts to recover the misappropriated funds.

Work does not satisfy anyone nowadays. Citing the lack of adequate compensation, timely promotion, and meaningful growth opportunities, countless employees express their dissatisfaction by quitting, moonlighting, malingering, or trundling on while wearing a face resembling impatience on a monument gritting her teeth. Captains of industry are equally disgruntled.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Nio raises $2.2B; Mullen’s third reverse split; and tearing it up with tariffs.

Christmas Day this year. However, dreams of some to experience a White Christmas can come true with an eleventh-hour snowstorm. Judah Cohen, director of seasonal forecasting at Versik Atmospheric and Environmental Research, said that some people will see their dream of getting a White Christmas come true at the last moment.

continue their run on Dalal Street, retail investors have more reasons to cheer than one. Sceptics may say that the music may stop anytime, but the optimists argue that it is hard to stop dancing when the music is still on. Both benchmark indices have hit their lifetime highs in quick succession on numerous occasions in the past couple of months.

door slide lock —is integral to safeguarding your household. Sliding doors, while providing an aesthetic appeal and access to natural light, can also pose vulnerabilities if not adequately secured. Burglars and intruders often target these entryways due to their perceived weaker security measures.

MUMBAI: The Reserve Bank of India’s rate-setting committee expressed concerns about a possible resurgence in food inflation ahead, minutes of the panel’s 6-8 December meeting showed. The unease prompted the Monetary Policy Committee’s (MPC) six members to keep interest rates steady in a unanimous decision. This is the fifth consecutive time that the repo rate, which was last raised by 25 bps to 6.5% at the meeting of February 2023, has remained at that level.

In the rapidly evolving realm of blockchain gaming, MetaCene has once again proven its leadership with the successful conclusion of its Alpha Test 2. This AAA-inspired next-gen MMORPG, incubated and published by MixMarvel, continues to redefine the fusion of immersive gameplay and blockchain innovation. As the curtains fall on this latest testing phase, the results are not just impressive numbers; these serve as proof of the vibrant community’s engagement and the efficacy of the gameplay mechanics that were thoroughly enjoyed by the testers.

Sonam Udasi, Senior Fund Manager at Tata Mutual Fund expects the Budget 2024 to continue on its stated path of fiscal deficit targets. Moreover, Udasi does not expect a populist budget ahead of the General Elections 2024. In an interview with Mint, Udasi shared his views on markets and the rise of retail investors.

This surge in trading activity has increased the focus on the crucial role of margin requirements in the F&O segment. To assist traders in navigating these requirements, SAMCO Securities offers a user-friendly SPAN margin calculator.