Experts Financial News

Sky Gold will likely be in focus today as it will start trading on an ex-bonus basis for the issue of its 9:1 bonus share issue as the company had fixed December 16 as the record date for the purpose. “We wish to inform you that the Company has fixed Monday, 16th December 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a filing to the exchanges.

Chakri Lokapriya, Managing Partner, RSB LLP, says the technology sector, especially large-cap and mid-cap companies, is poised to benefit from the US economic recovery starting in January, driven by the new Trump administration's tax cuts that are expected to boost discretionary spending. Indian IT firms like KPIT, Mindtree, and Cyient may gain from increased engineering research and development spending, which has been stagnant. The cloud computing sector is also set to grow by 35-40%, benefiting major players like Infosys, TCS, and HCL Technology. Lokapriya says he would be ready to invest in Infosys, TCS, HCL Technology, Cyient, KPIT, and Mindtree. What is your take on the entire banking and financial space, especially after that brokerage note from UBS?.. It was quite a bearish note. While the private banks seem to be holding up rather steady in Friday’s trade, it is the PSU banks and the broader financials that seem to be taking it on the chin, the likes of Shriram Finance, IOB, Canara Bank, all these banks are not doing well right now. How would you like to play this banking space and do you believe that private banks can outperform the PSU banks going ahead? Chakri Lokapriya: The note kind of talks about everything that was already largely known in terms of the loan growth slowing down.

Reliance Industries Limited (RIL) shares will remain in focus on Monday after the company announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024.

Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, are in focus after the company received a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Corporation for the Bhopal Metro Phase 1 project worth Rs 1,007 crore. «We hereby inform you that the Company has today received Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. Ltd formally confirming our selection and the award of the said Project to the Company», company said in an exchange filings.

“Both gold and silver have gained ~30% over the last one-year period. Global uncertainties including the US election led to a rally in gold as it is considered as a safe haven,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “Silver, on the other hand, may witness momentum on the back of its usage in various industrial applications including electronics, solar panels for renewable energy, advanced healthcare and electric vehicles,” Edited excerpts: Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets? Markets have witnessed several challenges in the recent past — Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.

Brady Corbet’s historical drama The Brutalist has unveiled its full trailer, shared by A24. The film explores the journey of an immigrant architect in post-World War II America and has emerged as a significant awards contender.

Alexander Sorloth (in pic) came off the bench to score with a header late in the second half and give Atletico Madrid a hard-fought 1-0 win over Getafe in LaLiga on Sunday, their 11th consecutive triumph in all competitions. Atletico are now level with Barcelona at the top of the LaLiga standings on 38 points from 17 matches, moving above Real Madrid who are third on 37. Barcelona host lowly Leganes later on Sunday. Atletico, who have won all their games since late October, dominated proceedings throughout and created several opportunities but had to dig deep to break the deadlock, with their winner coming in a collaboration between two substitutes in the 69th minute.

Created by Paul Scheuring, the series is set to return with a fresh yet familiar lineup, including iconic stars Wentworth Miller and Dominic Purcell. Both actors will reprise their roles from the original series, ensuring that Prison Break enthusiasts are in for a thrilling new chapter in the saga, as mentioned in a report by Digital Spy.

Also Read: I&B ministry confirms Zakir Hussain's death news «My brother is deeply ill at this time. We are asking for all his fans around India and around the world to pray for him, to pray for his health. But as India's greatest ever exports, do not finish him off just yet,» she said.

Travis Head put an insipid Indian bowling attack to sword for his second successive hundred while veteran Steven Smith wore the opposition down with a statement century to put Australia in a favourable position on day two of the third Test here on Sunday. Australia reached a commanding 405 for 7 at stumps courtesy, a 241- run stand between Head (152 off 160) and Smith (101 off 190) for the fourth wicket after the visitors put them in a spot of bother at 75 for three in the morning. The Indian bowlers, who impressed in the first session, lost their way to allow Head and Co to dominate the proceedings. Jasprit Bumrah (5/72), who came up with welcome wickets both in the morning and towards the end of play, was once again the stand out bowler for the visitors.

This catchphrase is central to his plan to lower gas prices and tackle inflation, which he blames on the Biden administration's energy policies. However, experts are casting doubt on the effectiveness of this approach in the current economic landscape.

Shashi Tharoor on Sunday criticised Prime Minister Narendra Modi's speech in Parliament, urging him to focus on addressing present challenges rather than dwelling on the past. «The answer was already given the previous day by Priyanka Gandhi. Why go on about the past? You are accountable for the present and what is happening today and tomorrow. What happened in the past is history; let historians debate it,» Tharoor said. «Even though I have written extensively about these issues, I am not entering that debate because, for me, the government is responsible for the condition of Indians today, the functioning of the Constitution today, and the future of our youth. While I am impressed by the list of initiatives he mentioned, he always omits the negatives we have been pointing out,» the Congress MP added.

Zakir Hussain passed away at the age of 73 in the US on Sunday, December 15. The legendary musician had been hospitalized due to serious health concerns, with updates shared on social media. Hussain was admitted to the ICU due to heart-related issues. Soon after the news borke, industrialist Harsh Goenka tweeted, «The world falls silent as the tabla loses its maestro. Ustad Zakir Hussain, a rhythmic genius who brought the soul of India to global stages, has left us. I was privileged to know him because of his connection with HMV and hear him perform at our home. His beats will echo eternally.»

Subscribe to enjoy similar stories. Video-streaming platforms that are building hybrid models - a combination of subscription offerings and advertising-backed content - are seeing their free content make up a substantial chunk of viewership, anything between 50 and 90%, according to media industry experts.

A barrier to entry in some of Canada’s most expensive housing markets just got lower thanks to new changes impacting the country’s mortgage landscape.

UltraTech Cement Limited is leveraging inland waterways to transport a large consignment of mineral gypsum via National Waterway 1 (Ganga-Bhagirathi-Hooghly river system) in a pilot project that was flagged off by the Minister of Shipping, Ports, and Waterways, Sarbananda Sonowal at G.R. Jetty, Kolkata today. UltraTech is the first cement company in India to leverage National Waterway 1 for gypsum transport at scale. The Inland Waterways Authority of India (IWAI) and Inland & Coastal Shipping Ltd, a wholly owned subsidiary of the Shipping Corporation of India (SCI), supported UltraTech's participation in the pilot. The consignment is being shipped from Haldia port in West Bengal to the Gaighat terminal in Patna, Bihar, and transported to Pataliputra Cement Works, UltraTech’s cement grinding unit in Patna district, Bihar. The use of inland waterways over roadways and railways will result in significant carbon emissions reductions and help decongest roads and rail routes. UltraTech’s participation in the pilot provides a boost to the Central government's efforts to promote the use of inland waterways in the country.

Dexter: Original Sin, a prequel to the original series, continues with weekly episodes. Episodes are available exclusively on Paramount+ with Showtime in the United States and Paramount+ in the UK.

Luigi Mangione, 26, at the center of a tragic tale involving mental health struggles, family tension, and societal rebellion. The complex relationship between Mangione and his mother, combined with his deteriorating mental state, forms a pivotal angle in understanding his actions leading up to this high-profile case, as mentioned in a report by Times of India.

Sumit, who started as an assistant photographer, quickly adapted to the growing demand for aerial photography, offering services that blend technology with tradition, making every wedding unique. Flying drones over wedding guests, capturing mesmerizing aerial shots and even delivering garlands to the couple have made his work a favourite among locals.

Archana Puran Singh's new YouTube channel was hacked hours after its launch on Saturday, December 14. According to reports, the incident occurred at 2 a.m… Hackers reportedly deleted the channel's content. Singh, known for her role on "The Kapil Sharma Show," announced the hacking on Instagram.