Electronic Financial News

«We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,» says Abhay Agarwal, Piper Serica. Which stocks are you probably going to keep in the family for a long, long time? HDFC Bank used to be considered a part of that family jewel. You also had the likes of Titan, etc. But all of these defensives are under pressure right now. Do you think it is time to churn the portfolio? Or if you have a long view, should you just stick with them? What is your view? Abhay Agarwal: Regarding HDFC Bank, and not just HDFC Bank but all private sector banks, this is not a buy or sell recommendation. We have not had HDFC Bank in our portfolio since January last year, once they announced the merger with HDFC Limited. The reason is that for large-cap private sector banks, the peak Net Interest Margin (NIM) is already behind us.

Unionized workers at Samsung Electronics have declared an indefinite strike to pressure South Korea’s biggest company to accept their calls for higher pays and other benefits

This highly anticipated event will feature exclusive discounts across diverse categories, making it an ideal time to shop for new electronics, upgrade your wardrobe with the latest fashion trends, spruce up your home with essential appliances, and indulge in self-care with beauty products.

power tariff through circulation, Pakistan-based ARY News reported, citing sources. According to details, the federal cabinet has approved the rise in electricity tariff through a circulation summary, according to the source. The sources said the decision will be sent to the National Electric Power Regulatory Authority (NEPRA) for uniform tariff implementation, according to ARY News report. The Power Division will register an application with NEPRA regarding the tariff increase. NEPRA has taken this decision for the fiscal year 2024-2025, with the implementation set to start on July 1, 2024. The average basic electricity tariff has been approved to be raised from PKR 29.78 to PKR 35.50.

an election year’. Investors looking for stability shifted their focus to strong fundamentals and a few promising sectors rather than betting on the overall market. With the economy battling inflation and high interest rates, companies had to find a way to take advantage of the country's economic growth.

Italy’s central bank, led by Governor Fabio Panetta, has announced plans to publish guidelines on how to apply the upcoming European Union (EU) crypto regulations.

HDFC Defence Fund, which has recently announced the discontinuation of lumpsum subscriptions and restrictions on systematic transactions from July 22, has offered an absolute return of around 145% since inception. Launched in June 2023, HDFC Defence is the only active mutual fund whereas Motilal Oswal Mutual Fund has launched Nifty India Defence Index Fund which has just completed its NFO period. The scheme is benchmarked against Nifty India Defence Index TRI. The fund aims to capitalise on the opportunities in the space and has seen good interest from investors. The government's focus on modernising its defence forces and push toward self-reliance should drive the long-term growth of the sector. As global geopolitical tensions rise, many nations are spending on enhancing defence capabilities.

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants and young children sleep

Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete as he sees flaws in machine learning models applied in certain scenarios.

SME IPO of Prizor Viztech opened for subscription earlier today and will close on July 16. The company aims to raise about Rs 25 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) Prizor Viztech IPO size

4th of July sales approach in a matter of 48 hours and shopping freaks cannot stay calm as the plethora of categories the sales will cover will indeed save big bucks for consumers this year. The 4th of July sales are of another significant importance as they arrive on the occasion of the US Independence Day, which is a federal holiday, giving US-based shopaholics leisure to scroll through all deals and offers throughout the day before finalizing their purchase. However, experts, according to an NBC News report, are of the opinion that one must wait for the Amazon Prime Day 2024 sales before making purchases of some specific categories.

digital payments major BillDesk. Now, services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments will be available on the ecommerce platform, the company said on Wednesday.

It's not only portfolio managers who have careers circulating between multistrategy hedge funds. These opportunities are open to compliance professionals too. Nathan Perrone, who's been working in equities compliance at Millennium, has availed himself of one.

Bharat Electronics Ltd. traded at Rs 330.0 on BSE at 11:57AM (IST) on Tuesday, down 1.24 per cent from previous close. The stock quoted a 52-week low price of Rs 122.5 and a high of Rs 339.75.

summons to former Chief Minister B S Yediyurappa to appear before it on July 15 in connection with a POCSO Act case filed against him. The Criminal Investigation Department had filed a charge sheet against the BJP leader at Fast Track Court 1 for POCSO Act cases here on June 27. A day later, the Karnataka High Court extended its interim order restraining the CID from arresting Yediyurappa after allowing the prosecution to file objections to the petition filed by him seeking quashing of the FIR against him, and then adjourned a further hearing by two weeks. The CID, probing charges against Yediyurappa of sexually assaulting a minor girl, has alleged in the charge sheet that he and three other accused paid money to the alleged victim and her mother to buy their silence.

The just-concluded general elections have once again proven the vitality of Indian democracy. The democratic process has established that the democratic institutions of this country are more than capable of giving all sections of society a voice, especially the marginalized. With the formation of a new government, parliamentary processes have kicked in.

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, has reduced its stake in Reliance Industries, Bharat Heavy Electricals from its portfolio in June. On the other hand, it added more of ITC to its portfolio. The largest flexi cap fund sold around 12.33 lakh shares of Motilal Oswal Financial Services, 3.14 lakh shares of UTI AMC, 1.30 lakh shares of TCS and 92,750 shares of Hindustan Copper in June. The fund sold 78,750 shares of Bharat Heavy Electricals and 45,000 shares of IndusInd Bank from its June portfolio. The fund reduced its stake in Tech Mahindra and Reliance Industries by selling around 18,600 and 16,500 shares respectively in June.

4th of July sales is a rather traditional celebratory occasion for shopaholics across the United States as thousands of retailers across the country join hands to take part in it to make the shopping experience pocket-friendly as well as interesting. There are a plethora of items to choose from during the 4th of July sales, be it tech gadgets, kitchen items, and more at some amazing discounted deals from popular US brands. However, you need to maintain caution about the products to purchase during 4th of July sales as some of the products may be found even cheaper on other sales like Amazon Prime Day 2024 sales.

What are buyers saying on Amazon?Buyers appreciate the inverter's appearance, LED, and overall value. However, some have experienced heating and charging problems, while others find it noisy during operation.Why choose this product?Choose this inverter if you need a reliable backup power solution with a pure sine wave output for sensitive electronics. Its digital display and wide battery compatibility are additional advantages.

central government pensioners. Which pensioners can be eligible to get CGHS cards? What will be the rate of lifetime CGHS cards for central government pensioners? All your questions are answered.

A Kansas business executive has pleaded guilty to illegally exporting sensitive American aviation to Russian companies in violation of U.S. sanctions