Experts Financial News

«So, a bit of a problem on the capex side and maybe these were priced to perfection already, were not cheap and we are seeing a sell-off there that maybe it is a two-quarter catch-up that will happen and it is not going to happen in the next quarter,» says Ajay Bagga, Market Expert. To the point that Vinay was also talking about, the crack in some of the industrial and capital good names. One would assume that around budget, there would be increased expectation of perhaps private capex picking up. First half was bad. Everybody was pinning hope on the second half of the year. What then explains this kind of sharp drops in the prices of capital good companies? Ajay Bagga: I agree with you. Normally, with the budget coming up, we see railways, defence, infra, cap goods, all these stocks going up. So, today's move, I could not really tell you. But overall, the issue has been slow government orders and slow pickup in the private capex, that we have seen because demand has been quite constricted. We have seen private capex getting postponed as well.

The net proceeds from the fresh issue would be utilized for funding capital expenditure requirements for setting up a new plant, debt repayment, and general corporate purposes.

Unimech Aerospace are set to debut on Dalal Street on Tuesday, with the equity shares of the company listing on both the BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of Rs 675 in the grey market, reflecting a strong bullish trend in the unlisted market. With the upper price band of Rs 785 for the IPO (initial public offering) of Unimech Aerospace, the stock is expected to give solid gains if the current trends sustain.

Gujarat Government, under Chief Minister Bhupendra Patel, has resolved 83 per cent of grievances submitted through the Visitor Management System, a platform introduced in January 2023 to ensure transparent and effective redressal of citizens' concerns.

Surya Roshni shares may remain in focus today, the last day to buy the stock to be eligible for the 1:1 bonus share issue, as January 1 is the record date determining shareholder eligibility. “We wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 23, 2024, for issue and proposed allotment of 10,88, 17,948 Equity shares of ~5/- each as bonus shares in the ratio of 1 (One) new equity share for every l (one) existing equity share held in the Company. Further, the Company has fixed Wednesday, January 01, 2025, as the «Record Date» to determine the eligibility of shareholders for issuance of the said Bonus Shares,” the company had informed in an exchange filing.

Yashasvi Jaiswal became the player to slam the third-highest scorer for India to score the most runs in a single calendar year.

Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains. End-of-year tax positioning, valuations, climbing Treasury yields and uncertainties about 2025 all contributed to the risk-off sentiment. The three major U.S. stock indexes bounced off early lows but still were down more than 0.5%.

Gold prices were unchanged in early Asian hours on Tuesday, the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade.

technology sector extended losses on Wall Street for a third session. Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A gauge of regional equities is set for its first quarterly loss this year. US contracts edged lower in Asia, following declines for both the S&P 500 and the Nasdaq 100.

VK Saxena has advised the AAP government to increase the stipend paid to ASHA workers in Delhi from the existing Rs 3,000 per month to Rs 9,000, noting that their last stipend increase was in 2018, even though revisions were supposed to occur every three years, according to a press release from the LG's office.

BSF) in Punjab recovered three Pakistdrones using «advanced technical countermeasures» along the Punjab border, authorities said.

The dollar's ascent, buoyed by rising Treasury yields, has pushed the yen toward its lowest levels since July, when the Japanese authorities last intervened. On Tuesday, it was at 157.02 per dollar, on course for a 10% drop in 2024, its fourth straight year of decline against the dollar.

As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

Republican Mike Lawler pretty strongly defended House Speaker Mike Johnson ahead of the recent speakership vote while arguing that Republicans considering voting against him are literally ‘playing with fire’, reported USA Today. Mike Lawler actually criticized the previous removal of Kevin McCarthy by eight Republicans which was being led by Matt Gaetz while calling it ‘the single stupidest thing’ in politics.

Jason Momoa, widely recognized for his role as Aquaman, is set to play Lobo in the upcoming Supergirl: Woman of Tomorrow film. The news, confirmed by Deadline, reveals Momoa’s confirmed involvement, which he previously hinted at and has now made official on social media.

Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers credit card debt is piling up amid a jump in spending. 

Investors who hold exchange-traded funds can often escape a tax bill incurred by those with mutual funds, which are generally less tax efficient, according to investment experts.

Sebi on Monday permitted subscription to non-convertible securities (NCS) during the trading window closure period, marking a significant update to its insider trading norms. This latest move enables the market participants to subscribe to non-convertible securities without being constrained by the trading window restrictions. However, the trading window restrictions will not apply with respect to transactions, such as acquisition by conversion of warrants or debentures, subscribing to rights issues, further public issues, preferential allotment or buy-back and open offers.

anchor investors, a day before its initial share sale opening for public subscription. Negen Undiscovered Value Fund, Niveshaay Hedgehogs, Rajasthan Global Securities, Subham Capital, India Equity Fund I, Saint Capital Fund and Vikasa India EIF I Fund — Share Class P, among others, were anchor investors, according to a circular uploaded on BSE's website. According to a circular, Indo Farm Equipment has allotted 36.30 lakh shares to 11 entities at Rs 215 per equity share, which is also the upper end of the price band.