Experts Financial News

manufacturing sector recorded a steady 5.6% compound annual growth rate (CAGR) in compensation for contractual workers between fiscal years 2021 and 2024, according to the findings of a TeamLease Services report released on Monday. This rise is attributed to inflation, the growing demand for skilled labour and the need for competitive pay to address high attrition rates, said the report, titled ‘A Staffing Perspective on Manufacturing’. The report sheds light on the challenges and opportunities facing the contractual workforce as the sector aims for a $1 trillion valuation by 2025-26.

Union Budget 2025 approaches, set to be unveiled in February, it’s a good time to understand the concept of strategic disinvestment and how it differs from disinvestment. Here’s a simple breakdown:

Supreme Court on Monday said and dismissed a plea against a Gujarat High Court order refusing to suspend certain provisions of a 1991 state law over properties in disturbed areas. While hearing the challenge, Justices Dipankar Datta and Prashant Kumar Mishra, asked, «How can, by an interim order, certain provisions be suspended?» «There is a presumption of constitutionality attached to every enactment,» it observed. The high court on October 28 rejected an application seeking suspension of certain provisions of the Gujarat Prohibition of Transfer of Immovable Property and Provisions for Protection of Tenants from Eviction from Premises in the Disturbed Areas Act, 1991.

Sanathan Textiles will open for subscription on December 19, and will close on December 23. The price band has been fixed between Rs 305 to Rs 321 per equity share of face value Rs 10 each for its maiden initial public offer. The IPO is a mix of fresh issue of up to Rs 4,000 million and an offer of sale of up to Rs 1,500 million. Investors can bid for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter.

EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI. According to the 'FICCI EV Public Charging Infrastructure Roadmap 2030' put out on Monday, to achieve profitability and scalability, India needs to aim for higher utilization of charging stations. The report further suggests that the top 40 cities could be prioritized for scaling up public charging infrastructure. The report argued that those top cities are expected to have higher EV penetration in the next 3-5 years given the current EV adoption rate, and favourable state policies.

bank meetings this week largely trumped a rise in heavyweight chip-related shares. The Nikkei erased early gains to close down 0.03% at 39,457.49, while the broader Topix shed 0.3% to 2,738.33.

Bajaj Holdings & Investment Ltd. traded at Rs 11113.65 on BSE at 11:46AM (IST) on Monday, 0.19 per cent from previous close. The stock quoted a 52-week low price of Rs 7631.10 and a high of Rs 11515.10.

Chancellor Olaf Scholz's coalition collapsed in November, but some laws could still be passed before an early election in February. The departure from the coalition of the neoliberal Free Democrats (FDP) deprived Scholz's government of its parliamentary majority and left in limbo dozens of laws the coalition had been scheduled to pass in its remaining time. However, the FDP signalled on Friday its support for passing certain laws that were already well advanced through the legislative process and in which the party was deeply involved.

HDFC Asset Management Company Ltd. traded 0.13 per cent up at Rs 4543.45 at around 12:01PM (IST) on Monday. The stock had closed at Rs 4537.50 in the previous session. Equity benchmark Sensex traded 500.73 points at 81632.39 around the same time.

Bank of Baroda 0.07 per cent to Rs 258.05 in Monday's trade as of 11:51AM (IST). The stock hit a high price of Rs 259.70 and low of Rs 255.75 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 11:51AM shares and turnover at Rs 5.69 crore around that time. The stock of Bank of Baroda quoted a 52-week high price of Rs 298.45 and 52-week low prices of Rs 214.85, respectively.

Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa—an online platform that connects owners of online businesses to potential buyers—comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer.

initial public offering (IPO) of which will open for subscription on December 19, has fixed a price band of Rs 269-283. The issue will be available for subscription till December 23. At the upper end of the price band, the total IPO size stands at Rs 840.25 crore and bids can be made for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.

initial public offering (IPO) on December 19, with a price band of Rs 410-432 per share. The IPO will remain open for public subscription until December 23, while the anchor book is scheduled to open on December 18. The allotment of shares is expected by December 24, with shares credited to investors' demat accounts by December 26. Transrail’s stock is likely to list on exchanges on December 27.

«So, at some stage you come to a level where returns obviously get muted. So, you have to buy some of these stocks whoever wants to buy on bad news like for example Amber did not do well when the entire AC market was in doldrums,» says Sandip Sabharwal, asksandipsabharwal.com. I think you mentioned last week that these EMS stocks they look good, now the point is that I know anything above 50 PE Sandip Sabharwal will be the first one to come out and say mehnga hai, valuations are stretched. Why are you not bearish on these stocks because the PE multiples I think are 50 plus and the margins are 6-7%, that is not your style of investment. Sandip Sabharwal: I am not buying these stocks but the whole point is that when the question was asked whether these companies will do well over the long term the only thing I see is that they are getting so much traction of growth by so many tie-ups and benefiting because of PLI, etc, and the entire PLI business because a few companies get selected and then it is very tough for new companies to come in so these people are getting sort of a moat because of government policies not because of what they are actually doing.

inflation eased to 1.89 per cent on an annual basis in November from 2.36 per cent in October. The wholesale inflation, measured using the Wholesale Price Index, was expected to moderate to 2.20 per cent, according to a Reuters poll. India’s retail inflation eased to 5.48 per cent in November, after breaching the RBI's 6 per cent upper tolerance band in October, as the arrival of fresh produce helped moderate soaring vegetable prices.

Siemens Ltd. traded 1.12 per cent in Monday's trade at 10:45AM (IST). Around 2,326 shares changed hands on the counter. The scrip opened at Rs 7895.50 and touched an intraday high and low of Rs 8026.00 and Rs 7893.75, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 8129.95 and a 52-week low of Rs 3817.00.

Voltas Ltd. traded 0.57 per cent at Rs 1820.15 at 10:55AM (IST) on Monday, even as BSE benchmark Sensex 338.44 points to 81794.68. The scrip had settled at Rs 1809.80 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1946.20 and Rs 849.75, respectively.

On the BSE, Angel Fibers(down 18.57 per cent), Superior Finlease(down 15.84 per cent), SAB Industries(down 9.99 per cent), Gconnect Logitech(down 9.99 per cent) and Shubham Polyspin(down 9.85 per cent) were among the stocks that plunged over 5 per cent during the session.

Alfavision Over(up 20.00%), Tips Films(up 19.99%), Donear Ind(up 19.97%), Essar Sec(up 19.95%), Acknit Ind(up 18.22%), Fairchem Organics(up 17.61%), Ind Renewable Energy(up 16.98%), Yasho Industries(up 16.71%), PPAP Automotive (up 15.18%) and Medinova Diagnostic(up 15.11%) were among the stocks that surged over 15%.

Info Edge (India) Ltd. 1.1 per cent to Rs 8799.55 in Monday's trade as of 10:50AM (IST). The stock hit a high price of Rs 8825.10 and low of Rs 8684.80 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 1.54 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 8825.10 and 52-week low prices of Rs 4843.10, respectively.

₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.