Experts Financial News

Setting targets is undoubtedly a good practice, but rigid adherence can sometimes lead to missed opportunities. Exiting from the investment solely because it has achieved your pre-decided target is like declaring the batsman just because he scored the expected century but the fact is he is in good form and might score double or triple century in the same inning. Similarly, cutting profits prematurely could result in missing out on potential multi-baggers. This behavior often stems from a fear of losing gains, as explained by the Prospect Theory by Daniel Kahneman and Amos Tversky. Investors are naturally inclined to avoid losses over seeking larger gains, but overcoming this bias is critical for maximizing returns.

Indian capital markets have experienced phenomenal growth over the past five years, highlighted by a 4.4x surge in demat accounts to 179 million and a 3.2x increase in SIP flows to ₹253 billion as of October 2024. Despite this growth, penetration remains relatively low, with demat account penetration at just 12% compared to 62% in the U.S., and mutual fund (MF) AUM-to-GDP at 17% versus the global average of 65%. This highlights immense potential for further expansion.

Delhi Police Special Cell has identified a private school student responsible for sending a bomb threat email to a school in Paschim Vihar, police said. According to police, the student had sent the threat email to his own school, and after tracing the IP address, the police team traced his home. Upon questioning, the child admitted to the act and was later counselled. He was let off with a warning to his parents to keep a watch on his behaviour. According to the Special Cell, this individual is not connected to the group bomb threat emails sent to many schools in Delhi on Friday.

UIDAI has extended the last day to update Aadhaar details for free to June 14, 2025, from December 14, 2024. After June 14, 2025, offline updates at Aadhaar centres will incur a fee. Note that this free service is available only on myAadhaar portal. <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mod

Bank of Baroda (BoB) report. The arrival of fresh harvests of tomatoes, onions, and potatoes has been reflected in higher mandi arrivals, easing supply pressures. December data indicates further corrections in vegetable prices, while favorable soil moisture and reservoir levels are expected to support a robust Rabi harvest. Additionally, benign global food and energy prices are expected to keep food inflation risks low in the near term.

JSW, which was a Successful Resolution Applicant to the assets of erstwhile Bhushan Power and Steel Ltd under the Insolvency and Bankruptcy Code (IBC) corporate resolution process (CIRP), the agency said on Saturday. The assets were initially provisionally attached by the ED under Section 5 of the Prevention of Money Laundering Act (PMLA). The attachment was made after investigations revealed that the former promoters of Bhushan Power and Steel Ltd had defrauded banks and diverted funds for private investments. The restitution was made under the second proviso to Section 8(8) of PMLA (restitution pending trial) read with Rule 3A of PMLA Restoration of Property Rules, with the approval of the Supreme Court on December 11 this year.

Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source familiar with the matter told Reuters. The development, which signals the investigation may be nearing a conclusion, is the latest salvo in a year-long public feud between the top U.S. markets regulator and the world's richest man. Musk on Thursday posted on X a copy of a letter sent by his lawyer to SEC Chair Gary Gensler saying the agency had given Musk 48 hours to agree to pay a penalty to settle the probe or face civil charges, and demanding to know whether Gensler was personally behind the development.

Central banks in the United States, Japan and Britain meet, while Germany holds a vote of no confidence in the government.

Assad was overthrown, a major symbolic moment for the country's dramatic change of power. The rebels are now working to establish security and start a political transition after seizing the capital on Sunday. U.S. Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, pressing ahead with efforts to unify Middle East nations in support of a peaceful political transition in Syria. It's part of Blinken's 12th trip to the Mideast since the Israel-Hamas war erupted last year in Gaza but his first after Assad was ousted. The U.S. is also making a renewed push for an ceasefire in Gaza, where the war has plunged more than 2 million Palestinians into a severe humanitarian crisis.

Chanchalguda Central Jail on Saturday, after being granted interim bail by the Telangana High Court on December 13. This came after the actor was arrested in connection with a tragic incident that occurred during the premiere of his movie 'Pushpa 2: The Rule' at the Sandhya Theatre on December 4. The actor was granted bail after furnishing a personal bond of Rs 50,000.

Mind Over Money, Ajit Menon, CEO of PGIM India Mutual Fund, shares insights as a dynamic leader who seamlessly blends creativity, empathy, and innovation to drive growth while fostering a culture of trust and empowerment. With decades of experience in capital markets, he emphasizes the importance of holistic well-being, believing that a fit body fosters a fit mind.

Geminid meteor shower, one of the year’s most spectacular cosmic events, is set to peak on December 14-15, 2024. Known for its bright and fast streaks of light, this shower can produce up to 120 meteors per hour under perfect conditions. However, the near-full moon during the peak may reduce visibility, allowing for about 15 meteors per hour in most areas. This celestial show is unique as it originates from an asteroid rather than a comet, adding an extra layer of intrigue for stargazers. Viewing opportunities are available worldwide, with clear skies offering the best chance to experience the spectacle.

Broadcom forecast quarterly revenue surpassing Wall Street expectations and predicted robust growth in demand for its custom AI chips over the next few years. The optimistic outlook propelled the company's shares 24% higher, pushing its market capitalization past $1 trillion for the first time.

imported coal to use cheaper domestic supplies to help reduce electricity costs while lowering the dependence on overseas sources, said people aware of the matter. India has 15 power plants that use imported coal, including Tata Power’s Coastal Power Gujarat, Adani Power Mundra Ltd, Essar Power Gujarat, and JSW Ratnagiri. A reduction in coal imports will enhance energy security as well. The matter was discussed at a meeting between senior officials of the coal and power ministries this week, said the people cited above.

Double Tax Avoidance Agreement (DTAA) with India effective January 1, 2025, in a move that may raise the tax outgo on dividend income for Indian entities operating in the European country. The decision follows India’s Supreme Court ruling in October 2023 in a case involving Swiss multinational Nestle SA. The court had held that the MFN clause under the DTAA does not get automatically triggered until notified under the Income Tax Act, 1961. “On the basis of the Indian Supreme Court ruling, the Swiss competent authority acknowledges that its interpretation of para 5 of the Protocol to the IN-CH DTA is not shared by the Indian side,” said a recent statement issued by the Swiss authorities. “In the absence of reciprocity, it therefore waives its unilateral application with effect from 1 January 2025.”

Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, Reuters reported quoting a source. The development, which signals the investigation may be nearing a conclusion, is the latest salvo in a year-long public feud between the top U.S. markets regulator and the world's richest man, as per a Reuters report. Musk on Thursday posted on X a copy of a letter sent by his lawyer to SEC Chair Gary Gensler saying the agency had given Musk 48 hours to agree to pay a penalty to settle the probe or face civil charges, and demanding to know whether Gensler was personally behind the development.

US Vice President Kamala Harris has eventually taken a significant hit, revealed a recent Economist/YouGov poll which was conducted in the month of December, reported The Sacramento Bee. According to The Sacramento Bee, her favorability rating has eventually dropped to 43% while 52% are viewing her pretty unfavorably which is a sharp decline from a peak of 49% in the month of August during the Democratic National Convention. Whereas, during recent days, in comparison, US President Joe Biden holds a lower favorability at 38% while US President- elect Donald Trump enjoys a favorable rating of 49%. Also Read :Big dilemma for China: Should Xi Jinping accept Donald Trump's invitation and attend his inauguration on January 20?

US stock market is currently at a point that its investors are basking in glory at some of the most amazing returns showcased through the bull run in the past two years. As of now, the US stock market has recorded a historically high PE ratio, something that has only been seen twice in the past few decades, as per reports.

Earth on Friday, the 13th, but not this one. The 2029 Friday 13 is the most concerning of all because there is a slim chance that we will be struck by a massive asteroid that is speeding towards Earth. Today is the day to pay close attention to the gap when boarding the train and to cast ten glances left and right before crossing the street. For what reason? Of course, it's Friday 13, the dreaded day, as quoted in a report by the Daily Star UK. You can avoid disaster on this year's frightfully unlucky day if you take precautions, but in 2029, just over four years from now, you might not be so fortunate because a massive asteroid might be on its way to Earth.

Gold prices fell on Friday after bullion hit a more than five-week high in the previous session and as the U.S. dollar gained, but prices were on track for a weekly rise on expectations of a Federal Reserve rate cut next week. Spot gold was down 1.1 per cent at $2,652.29 per ounce at 01:43 p.m.(ET), as the US dollar was steady at its highest in more than two weeks, Reuters reported. Bullion hit its highest since November 6 on Thursday, and has risen over 0.8 per cent so far for the week. The US gold futures settled 1.2 per cent lower at $2,675.80.

Building a $1 million nest egg may seem an impossible feat.