Cycling Financial News

lunar standstill, and there may be a Stonehenge connection. It lasts for several months, as reported by the U.S. Sun.

Tube Investments of India Ltd. gained 0.94 per cent to Rs 4275.3 at 12:17PM (IST) in Friday's trade. The scrip hit a high of Rs 4296.35 and low of Rs 4182.8 so far during the session. The stock had closed at Rs 4235.2 in the previous session. The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 1.15 crore on BSE. The stock traded at a price-to-earnings multiple of 68.4 and a price-to-book ratio of 14.15.

These machines from leading brands not only offer superior wash quality but also come with innovative features to cater to different laundry needs. Whether you need a compact machine for a small family or a high-capacity model for larger households, this selection ensures there is something for everyone, offering a perfect blend of performance, convenience, and efficiency.

That is all anyone needs to know. The beauty is that the market is only priced for two Bank of Canada rate cuts between now and the end of the year. We think the central bank will be cutting at all four remaining meetings.

10-year benchmark sovereign bond yield retreated below 7% on lower than expected domestic and US inflation prints, although calling the formal start to an easing cycle is rather difficult still after last week's Mint Road assertion that domestic conditions largely would dictate its monetary policy approach. Yield on the 10-year securities retreated to 6.98% Thursday after India's retail inflation eased to a one-year low of 4.75% in May, as against an 11-month low of 4.83% the previous month.

Olympus Mons, suggesting the presence of a sparse yet active water cycle on the Red Planet. Published in the journal Nature Geoscience, the research unveils a unique phenomenon where frost forms for a few hours each morning during Mars' colder seasons in the ancient calderas of the Tharsis volcanic region, which includes Olympus Mons.

«This is potentially on cards and this could be the potential driver for some of the stocks in this year. Adani has pumped in 20,000 crore into Ambuja and it is very difficult to put in greenfield projects,» says Rakesh Arora, Founder, Go India Stocks. There are three things we will discuss. One is the consolidation in the sector, which has happened two-three years ago, is that real? How will smaller cement companies exist and coexist? And after three-four years of perhaps flat performance by cement stocks, are we in for a good time for cement stocks? So, three things. What do you want to start with? Cement industry, I mean, obviously, demand is working for them. There has been no doubts about demand picking up in India given all the infrastructure boom, etc. And it is always the cycles of supply which really matters. Demand has never been questioned. And this is where there is a little bit of an issue because you have two top players gunning for market share and they are trying to increase capacity quite significantly.

Gensol Engineering, the flagship company within the Gensol group, were locked in a 5% upper circuit limit in today's early morning trade, touching ₹1068 apiece after the company emerged as a successful bidder for the 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project worth ₹1340 from Gujarat Urja Vikas Nigam Limited (GUVNL). The company highlighted that this project would supply electricity on an “on-demand" basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling Energy Storage Purchase Obligations, and enhancing grid resilience.

Banks have started raising their fixed deposit rates for general customers and senior citizens both as they are trying to balance their own lending rates and deposit rates after the Reserve Bank kept the key interest rate unchanged for the eight straight time on June 7.  

Dinesh Kumar Khara has said that deposit rates have peaked and will move southward in the medium term. The country's largest lender also said the RBI may start easing the interest rate cycle from the third quarter of the current financial year.

nova is likely to appear in the sky anytime between now and September. Situated at a distance of about 3,000 light-years away the star system T Coronae Borealis, or T Cr B, is likely to explode. If the star explodes, it will be visible to the naked eye here on Earth, reports CNN. The star exploded in 1946 last time and some people who witnessed it will have an opportunity to see it once again. It will again explode 80 years later.

Need help with how to invest at the current juncture? Which sectors to choose? In an exclusive interview with ETMarkets, Chirag Muni, Executive Director at Anand Rathi Wealth Ltd gave his take on navigating the market after the recent election results. In this, we spoke on how to build a solid investment strategy, which sectors are worth keeping an eye on, and what history can tell us about investing during this time. Excerpts: How have the markets performed post-elections? Markets have been touching all-time highs on and off, what’s your take? In the last one week, Nifty has witnessed some sharp movements, however if you look at last one week's data the overall movement is not that big. In the past, we had observed that post-election Nifty undergoes a certain amount of volatility, however, at present for a long-term investor it should not be such a big concern.

Jewish holiday of Shavuot is here and people of the community celebrates the occasion which marks the event of God giving Moses the Ten Commandments on Mount Sinai.

Huddle Ventures on Tuesday said its second fund of Rs 100 crore has been oversubscribed, with the final close expected in the next four to six weeks.

employment data in the US weakens the case for monetary policymakers in the world's biggest economy to begin the cycle of easing, said a report by ICICI Securities Primary Dealership. Reserve Bank of India (RBI) Governor, Shaktikanta Das, Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.

Kissflow on Monday said it has let go of about 45, or 11%, of its employees as part of an organisation-wide restructuring.

Wipro, Infosys, Tech Mahindra, Coforge, Persistent Systems and LTIMindtree shares that gained over 3-4% each. The index showed a significant outperformance over broader indices.Gains in IT stocks came on the back of portfolio shift after the election outcome, increased hopes of interest rate cut by the US Federal Reserve, particularly after the rate cut announcements by Bank of Canada and European Central Bank (ECB) and relative valuation, analysts said.The CME’s FedWatch tool, based on futures prices, puts around 50% odds on at least one rate cut by the Fed’s September meeting.Also Read: Nifty 50 can add 1,200 points in June, says Nirmal Bang; lists 2 technical and 2 fundamental stock picksDipeshkumar Mehta, Senior Research Analyst at Emkay Global Financial Services believes the start of the interest rate-cut cycle would act as a signaling trigger for clients of Indian IT companies gaining confidence on inflation trajectory and macro stability, which may drive demand recovery and an uptick in discretionary spending.

Apple-like ecosystem and increasing the localization of its supply chain. “Localisation of our manufacturing is created by a combination of supplies from abroad, as well as from India," Muralikrishnan B, presdent, Xiaomi India, told Mint. “Today, we continue to have conversations to figure out how more of our supply chain partners, based in China or elsewhere, come and set up shop in India.

Credit cards serve as essential tools for handling expenses and enabling various transactions. While we often understand the basics about our credit cards, there are key insights we should grasp to leverage these tools more effectively. Among the array of features, one particularly advantageous aspect is the grace period—a designated timeframe wherein cardholders can make purchases without accruing interest charges.