Experts Financial News

Lily Philips, an OnlyFans model, has stirred intense debate online following her participation in an unconventional stunt aimed at having intimate encounters with 100 men in a single day. Philips exceeded her target, engaging with 101 men during the event, which was documented by filmmaker Joshua Pieters. However, the aftermath left her emotionally shaken, leading to widespread discussion about her well-being and the broader implications of such challenges. However, shockingly, she has now announced that she wants to take a new challenge to sleep with 1,000 men in 24 hours. The record for the highest number of sexual partners in a single day is held by adult film actress Lisa Sparks, who engaged with 919 men during the 2004 Adult Industry Fair in Poland. Sparks later shared that the experience left her in pain for a week. In anticipation of her own record attempt, Lily Phillips has been preparing over recent months by gradually increasing the number of encounters as part of what she refers to as her ‘Physical Training.’

Rent can be an additional source of income for salaried individuals who have invested in property. While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one's salary.

Indian Hotels Company Ltd. traded 0.01 per cent in Thursday's session at 11:05AM (IST). The stock opened at Rs 836.75 and has touched an intraday high and low of Rs 843.50 and Rs 834.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 846.00 and a 52-week low of 416.15. About 30,850 shares changed hands on the counter so far.

Avenue Supermarts Ltd. traded at Rs 3701.55 on BSE at 11:16AM (IST) on Thursday, 0.21 per cent from previous close. The stock quoted a 52-week low price of Rs 3567.35 and a high of Rs 5484.00.

Supreme Court ruling that sought to address an issue that has been lingering for 35-years is now threatening to cripple India’s mining sector. According to the judgement, states now have the right to tax mineral lands and tax mining companies retrospectively. Stakeholders say this will put a heavy financial burden on the industry, affecting investment plans and overall economic stability of the segment. How the case started and progressed The issue has its roots in the Mines and Minerals (Development and Regulation) Act, 1957, which gave the Union government the power to regulate mines and minerals and the power to collect royalties from mining leaseholders. In 1963, the Tamil Nadu government gave a mining lease to India Cements. Later, it imposed a cess on the royalty, which the company challenged in the high court later in the Supreme Court. In 1989, a seven-judge bench of the apex court ruled in favour of India Cements. “… we are of the opinion that royalty is a tax, and as such a cess on royalty being a tax on royalty, is beyond the competence of the State Legislature…,” said the verdict.

Apollo Tyres Ltd.(up 0.03 per cent) were among the top gainers.

HDFC Asset Management Company Ltd. 0.26 per cent to Rs 4554.90 in Thursday's trade as of 11:00AM (IST). The stock hit a high price of Rs 4579.80 and low of Rs 4524.45 during the session.

Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25. Between April 1 and November 27 this year refunds amounting to Rs 3.08 lakh crore were issued, marking a 46.31 per cent increase compared to the same period in 2023. It also stated that at its peak this year the Income Tax Return portal handled more than 900 filings in a second and nearly 70 lakh ITRs (Income Tax Returns) in a day. This year more than 1.62 crore ITRs were processed in a single day for A.Y. 2024-25.

Hemang Jani, Independent Market Expert, says among PSUs, Bharat Electronics and HAL have reported strong financial results, making them attractive investment options, along with select power companies like NTPC, especially after its recent demerger and the launch of the NTPC Green IPO, showcasing its renewable energy potential. While one can remain optimistic, a discerning approach is crucial when evaluating public sector undertakings. Investors should target niche, selective companies in this sector. Among steel stocks, Jani holds Tata Steel in high regard, but believes certain pallet players like Godawari Power are better positioned due to improving spreads. Additionally, Jindal Steel & Power's efficient captive unit for raw materials may offer a more attractive investment opportunity. From the end of last year till middle of this year, the PSU sector, be it defence, railways, infra or power names – had been the most buzzing segment. But that rally had fizzled out in the latter half of this year. What is your take on PSUs. A lot of people are hoping that there will be a rebound in the government spending come H2 of FY25 and PSUs will revive? Hemang Jani: Yes, some of these companies which have corrected quite sharply in the past two months are showing a good rebound and it is not just the stock price rebound.

On the BSE, The Phosphate Co.(down 14.94 per cent), AMIC Forging(down 10.00 per cent), Gconnect Logitech(down 10.00 per cent), Chemo Pharma(down 9.78 per cent) and EP Biocomposites(down 9.20 per cent) were among the stocks that plunged over 5 per cent during the session.

autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new office in the Zhongguancun tech hub, the report said, citing people familiar with the matter. The artificial intelligence chipmaker employed about 29,600 people in 36 countries at the end of fiscal year 2024, according to a filing published by Nvidia in February.

IndusInd Bank Ltd.(up 1.32 per cent), Au Small Finance Bank Ltd.(up 0.67 per cent), ICICI Bank Ltd.(up 0.65 per cent), Axis Bank Ltd.(up 0.39 per cent) and Federal Bank Ltd.(up 0.08 per cent) were among the top gainers.

Bitcoin surged past the $100,000 mark on Thursday after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week. The U.S. consumer price index (CPI) rose 0.3% month-on-month and 2.7% year-on-year in November, aligning with expectations. This boosted the probability of a 25-basis-point rate cut to 99%, up from 89% a day earlier, as per CME FedWatch.

«I would say that the broader trend for the market still looks up because one would believe that the slowdown what we are seeing is temporary cyclical slowdown, to some extent impacted because of the government spending in the first half has been weaker because of elections and it took time for the ministries to be formed so that is now gaining momentum,» says Mahesh Patil, CIO, Aditya Birla Sun Life AMC. It has been pretty much more of the same, this phase of consolidation that is kicking in. Do you believe that the undertone of the market is still looking bullish and that, yes, there may be speed bumps along the way, but by and large, we are okay? Mahesh Patil: We have seen the momentum clearly has kind of broken down what we saw earlier. And not only the market it is more to do with the earnings momentum. So, the strong earnings growth what we saw in the last three years until FY24, so that in the last two quarters has kind of slowed down and for the first time we have seen downgrades to earnings after the second quarter and the first quarter numbers. So, clearly there is some bit of a slowdown and that is leading to a sluggishness or even for the matter we have seen that the market breadth also has weakened quite a bit. Now that is kind of coming back.

EsportsXO, an esports tournament management firm, on Thursday, announced a strategic partnership with Abu Dhabi Gaming, as part of its expansion into the MENA region. XO will establish its regional headquarter in Abu Dhabi. This collaboration is aimed at fostering the growth of Abu Dhabi’s local gaming ecosystem and will enable both companies to seize the emerging opportunities in this growing sector. With a projected valuation of $397.21 billion by 2029, the global gaming industry is on a sturdy growth track and the MENA region is rapidly emerging as one of its largest markets. By setting up its regional hub in Abu Dhabi, XO aims to position itself at the epicentre of this dynamic landscape, poised to tap into a market ripe for expansion. Vikas Goel, Founder, XO, said in a statement, “Working with Abu Dhabi Gaming is a major step for XO as we look to expand our presence in one of the world’s most exciting gaming regions. We are eager to contribute to the development of the local gaming ecosystem, nurture homegrown talent, and bring world-class gaming experiences to the MENA region. This reinforces our commitment to expanding our global footprint while fostering meaningful connections with gamers and industry leaders across the region.”

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.8 per cent at Rs 5980.40 at 10:20AM (IST) on Thursday, even as BSE benchmark Sensex 4.28 points to 81530.42. The stock had closed at Rs 5932.50 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 6448.75 and Rs 3350.05, respectively.

Shares of Bajaj Housing Finance slipped 6% to their day’s low of Rs 132.85 on the BSE in today’s session as today marks the end of the stock’s 3-month lock-in period wherein 12 million shares became available to trade in the market. This represents 2% of the total equity of the company, which was held by the anchor investors since the IPO.

LTIMindtree Ltd. 1.87 per cent to Rs 6723.45 at 10:09AM (IST) in Thursday's trade. The stock hit a high of Rs 6727.80 and low of Rs 6610.05 so far during the session. The stock had closed at Rs 6599.45 in the previous session. The counter had a total traded volume of 10:09AM shares so far with a turnover of Rs 4.61 crore on BSE. The stock traded at a price-to-earnings multiple of 42.65 and a price-to-book ratio of 7.30.

Max Healthcare Institute Ltd. 2.26 per cent to Rs 1159.00 in Thursday's trade as of 10:04AM (IST) even as the benchmark Nifty ruled at 24638.6, 3.21 points. The scrip had closed at Rs 1133.30 in the previous session. The stock quoted a 52-week low of Rs 630.75 and a high of Rs 1169.20. The company quoted a market-cap of Rs 113156.17 crore on the BSE.

mutual fund inflows fell 14% last month, midcap and smallcap funds registered a growth of 4% and 9%, respectively, in November. Both the categories are now outperforming largecaps this month. The mid cap funds in November received an inflow of Rs 4,883 crore and contributed around 13% to the total inflows of Rs 35,943 crore in equity mutual funds. The category received an inflow of Rs 4,682 crore in October. In FY25 so far, the mid cap funds have received an inflow of Rs 24,322 crore. Also Read | Debt MFs inflows decline 92% in November. Will it regain attraction?

Hemang Jani, Independent Market Expert, says most of the healthcare companies have been doing a fairly decent job and some of these companies are in an expansion phase. Max Healthcare is looking to expand in a big way, and that is true for Narayana Hrudalaya also. For the investors looking for a steady 15-18% kind of a CAGR growth, having some exposure to names like Apollo Hospitals, Max, or Narayana Hrudalya would make sense. How have you assessed the quarterly numbers from the entire FMCG basket? Do you think that the slowdown is worrying and it is going to continue into the coming quarters? Or was it a bit of a one-off? Hemang Jani: Consumer companies, particularly the staple and FMCG companies are going through a great amount of slowdown and when you look at the quarterly numbers by and large things were not that positive. The only thing is that the market reaction to some of those numbers was a bit of a surprise because it is not as if HUL or Nestle will report a very high single digit kind of volume growth.