Experts Financial News

World Test Championship (WTC) points table after a convincing 2-0 series victory over Sri Lanka at home. The Proteas' triumph, led by captain Temba Bavuma, dislodged Australia from the top position. With this win, South Africa now requires just one more victory in their upcoming two-match series against Pakistan to secure a spot in the WTC Final.

«The purpose of that meeting was to ensure that the House runs smoothly. Both sides had a frank discussion and they signalled two things. One, that integrity, and sovereignty of the nation are sacred for us. We cannot allow any forces within the country or outside to sacrilege our unity, our integrity and our sovereignty,» Dhankhar said, adding that the leaders have agreed to meet in his chamber again at 10:30 am on Tuesday. The Chairman then appealed to all members to carefully consider the oath of the Constitution they have taken to ensure the integrity of the nation on a priority basis.

economic growth, Dilsher Malhi, founder and CEO of online gaming platform Zupee, said on Monday. Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare, travel, and entertainment. «India has become the world's third-largest startup ecosystem and we believe this has happened mainly because of the endless possibilities that arise from a credible digital public infrastructure consisting of UPI and Aadhaar, and the penetration of mobile phones across the country. Now with the Bharat 6G vision, the semiconductor mission and the AI mission, startups are positioning India for an exponential economic growth,» he said. Speaking on the concept of «gamification» in addressing real-world challenges, Malhi described how startups are evolving from merely providing solutions for immediate problems--what he referred to as «painkillers»--to offering enriching experiences that enhance well-being, termed «vitamins.»

Shares of Balkrishna Industries Ltd.(up 1.83 per cent), Apollo Tyres Ltd.(up 1.35 per cent), MRF Ltd.(up 1.17 per cent), Exide Industries Ltd.(up 0.93 per cent) and Bharat Forge Ltd.(up 0.65 per cent) ended the day as top gainers in the pack.

Manoj Kumar Jayaswal and its former director Ramesh Kumar Jayaswal in a coal scam case related to the allocation of Brinda, Sisai, and Meral coal blocks in Jharkhand. In its case registered in 2016, the CBI had alleged that the company obtained the coal blocks by misrepresenting its financial position, acquisition of land for its proposed end-use plant, and other related claims, a statement from the agency said. Forged documents were used to secure the recommendation of the Ministry of Steel, Government of India, for the allocation of the coal blocks, the CBI said. Special Judge Arun Bhardwaj convicted Nagpur-based Abhijeet Infrastructure Pvt Ltd (AIPL), its Managing Director Manoj Kumar Jayaswal and former director Ramesh Kumar Jayaswal of cheating, criminal conspiracy and using forged documents as genuine. Their sentence will be pronounced later.

production linked incentive (PLI) schemes have led to investments of over Rs 1.25 lakh crore, Prime Minister Narendra Modi said Monday. Speaking at the Rising Rajasthan Global Investment Summit 2024, he said the role of PLI scheme in increasing manufacturing in India is also increasing. «There is a lot of enthusiasm in Electronics, Specialty Steel, Automobiles and auto components, Solar, and Pharmaceuticals,» PM Modi said. «Investment of about Rs 1.25 lakh crore has been made in due to PLI scheme. Products worth about Rs 11 lakh crore have been manufactured and exports have increased by Rs 4 lakh crore,» he said.

Elon Musk's Starlink seeking details of who purchased its internet device that helps in sea navigation when smugglers with $4.2 billion worth of meth were caught in the biggest such Indian seizure. Two people with direct knowledge of the police notice sent by Andaman and Nicobar island officials said Starlink had been asked for the purchaser's name and payment method, registration details and where the internet device was used when smugglers travelled in international waters from Myanmar to India. Starlink and Andaman police did not respond to Reuters request for comment.

Madhav Marbles & Granites Ltd.(up 3.08%), Ashapura Minechem Ltd.(up 2.34%), Pokarna Ltd.(up 2.00%), NMDC Ltd.(up 1.21%), Sandur Manganese & Iron Ores Ltd.(up 1.00%) and KIOCL Ltd.(up 0.75%) stood among the top gainers.

textile stocks on Monday which shot up 14% in the intraday trade. The stocks rose on expectations of manufacturing orders shifting to India. The eastern neighbour’s fallout with Punjab-based Trident took the lead. Trident shares on Monday ended at Rs 38.04, up by 10.4% while Himatsingka settled at Rs 211, gaining over 8%. Meanwhile, Welspun Living and Gokaldas Exports shares finished at Rs 1,035 and Rs 173.60, respectively surging by 6.5% and 5.7%.

On the BSE, Mishtann Foods(down 19.96 per cent), Vision Corp(down 14.49 per cent), Conart Engg(down 13.53 per cent), Novateor Research(down 9.98 per cent) and IO System Ltd(down 9.96 per cent) stood among the top losers in today's trade.

Umang Dairies Ltd.(up 14.44%), Future Consumer Ltd.(up 3.58%), LT Foods Ltd.(up 3.17%), Sheetal Cool Products Ltd.(up 2.12%), Bajaj Consumer Care Ltd.(up 1.77%), Bikaji Foods International Ltd.(up 1.41%), Hatsun Agro Products Ltd.(up 1.01%), Dodla Dairy Ltd.(up 0.92%), Tasty Bite Eatables Ltd.(up 0.65%) and Heritage Foods Ltd.(up 0.53%) stood among the top gainers.

freshers believe that as they do not have work experience, they only need a resume to crack an interview and cover letters are just for experienced individuals. This is not true. Irrespective of your experience, a well-crafted cover letter can convey why you are the most suitable candidate for the job. This can greatly influence the employer’s decision in your favour. Hence, it’s important to explain the significance of cover letters to debunk this myth in freshers’ minds. Sarbojit Mallick, Co-founder, Instahyre, says some entry-level applicants may mistakenly believe that cover letters are unnecessary as writing a personalised cover letter for each application can be time-consuming. Some are of the opinion that a cover letter repeats information found in the resume. Sometimes, the job description instructs candidates to not submit a cover letter, or the application platform might not have an option to upload a cover letter. All these reasons can make a fresher ignore a cover letter.

Kinetic Green Energy and Power Solutions on Monday said it has forged a technical collaboration with Jio Platforms Limited's subsidiary JioThings to launch a suite of digital display platforms and analytics. As part of this collaboration, Kinetic Green is unveiling an innovative Smart TFT-based digital and connected display platform to revolutionise the riding experience for its consumers on its E2W platforms, the company said. This advanced display integrates essential features, including real-time navigation, notifications for incoming calls, and information on nearby charging stations, Kinetic Green Energy added. The collaboration will also introduce key features like a built-in Bluetooth and telematics-enabled device to ensure seamless connectivity.

Navin Ramgoolam announced the audit days after his coalition won a resounding election victory in November, alleging the previous government had manipulated data to put a positive spin on the country's economic prospects. The former finance minister, Renganaden Padayachy, has not responded to requests for comment about Ramgoolam's allegations since the launch of the audit. Padayachy did not respond to further calls and a message seeking comment on Monday.

Arnab Banerjee, MD & CEO, Ceat, says acquisition of this business will make Ceat’s international business contribution to cross 25%from day one and, this is EBITDA accretive and will contribute to the overall margin accretion of Ceat consolidated. OHT business will almost double in turnover post this acquisition and will be almost 23-24% of Ceat’s overall turnover from day one and progressively improve to 27-28, 30% over the next three to four years. Ceat is going to acquire Camso tyres and tracks business from Michelin. This transaction aligns with your goal to expand internationally but from the numbers perspective, is this deal going to be EPS accretive and if yes, can you quantify the impact then? Arnab Banerjee: Yes, it will definitely be EPS accretive over a period of time. First of all, it will take about six months to complete the deal. We will get possession of the property by May-June of FY26 and thereafter we will start consolidating this result. So, in the initial period, there is offtake and a supply agreement with Michelin so that business continuity is mentioned. That is a very good arrangement and when we gradually start getting control of the entire operation, it will be EBITDA accretive first and then EPS accretive. So, in the initial two to three years, we might see a slight dip in EPS which will come back up.

Bitcoin traded near its all-time high of $100,000 ahead of a critical week featuring central bank meetings and US inflation data, which could pave the way for lower borrowing costs and further policy easing. However, BTC slipped 1% in early trading, with Altcoins also declining. As of 11:30 am IST, Bitcoin was down 0.8%, trading at $99,043, while Ethereum fell 1.6% to $3,915. During the session, BTC reached a high of $101,399 and a low of $98,579.

Colgate-Palmolive (India) Ltd. 3.14 per cent to Rs 2793.75 at 01:55PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 7,574 shares with a turnover of Rs 2.12 crore till 01:55PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 51.68, while the price-to-book value ratio stood at 27.81.

<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 2.62 per cent in Monday's trade at 02:00PM (IST). Around 18,681 shares changed hands on the counter. The stock opened at Rs 6025.60 and touched an intraday high and low of Rs 6032.95 and Rs 5931.70, respectively, in the session so far. Shares of the company of <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. quoted a 52-week high of Rs 6448.75 and a 52-week low of Rs 3350.05.