Experts Financial News
25.11 / 14:25
markets
Analysis
Sustainability
Remark
trends
Trade
Experts
Why is Gary Dugan cautiously optimistic on US equities; "Magnificent 7" saw P/E expansion of about 10%
equity market has been on a remarkable run in 2024, with the S&P 500 posting gains of over 25% year-to-date, outpacing India's Nifty50, which has risen 11% during the same period. However, as highlighted by Gary Dugan, Chief Executive Officer of The Global CIO Office in a note, this rally warrants cautious optimism.
25.11 / 14:25
markets
Action
security
awards
Food
Experts
Traffic
Surprise check finds private catering firm cooking food on-board in premium train against norms
«In a surprise inspection, our traffic and commercial officers found that RK Associates and Hoteliers Pvt Ltd, which has a contract with Railways to pick food from its base kitchen and serve it to on-board passengers in various trains, violated railway safety norms and conducted on board cooking in Poorva Express,» Shashi Kant Tripathi, Chief Public Relation Officer, NCR Zone, said. «Since the firm has a contract with IRCTC (Indian Railway Catering and Tourism Corporation), we are in talks with it to initiate action against the catering service provider,» he added.
25.11 / 14:25
markets
LGBT
Strategy
Photos
Experts
Luna
show
Ava the Golden Tiger: Purr-fection in a cub, roaring into hearts everywhere
Moo Deng to the captivating cuteness of Ava, Thailand is becoming a hotspot for adorable animal phenomena. Moo Deng, the pygmy hippo from Khao Kheow Zoo, has captured the world’s heart, with her ever-growing fanbase, memes, merchandise, and even songs dedicated to her. However, it looks like Moo Deng may have some competition in the cuteness department. Enter Ava, the golden tiger cub from the Chiang Mai Night Safari, who is now stealing the spotlight and winning over netizens worldwide. Ava is a rare and stunning example of a golden, or strawberry, tiger—a breed that gets its unique golden fur from recessive genes. These tigers are extremely rare, with fewer than 100 believed to exist globally.
25.11 / 14:25
markets
MSCI
wellness
Trade
Experts
stage
HDFC Bank stock surges over 3% to record high, crossing Rs 1,800 mark for the first time ever
HDFC Bank's stock soared as much as 3.2% on Monday, reaching a record high of Rs 1,801.90 on the BSE, driven by an anticipated increase in the heavyweight lender’s MSCI index weightage, which is projected to draw $1.9 billion in inflows. With the MSCI November 2024 index review coming into effect from Monday, the banking giant was in the spotlight as it underwent a weightage adjustment. This adjustment reflects the final tranche of a phased increase announced earlier this year, solidifying HDFC Bank's role as a key driver in the MSCI index realignment.
25.11 / 14:25
markets
security
awards
Experts
RAI
Schools
Creditors recover Rs 3.55 lakh crore till Sept under insolvency law
Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out of them, 1,388 have exceeded the time limit of 270 days. CIRP refers to Corporate Insolvency Resolution Process. The minister emphasised that realisation under the IBC is market driven and dependent on quality of assets at the time of resolution.
25.11 / 14:25
markets
Digital
security
Strategy
Parke
Experts
Schools
Angel One chief growth officer Prabhakar Tiwari resigns
chief growth officer Prabhakar Tiwari has resigned from his position, the stockbroker said in an exchange filing today. Tiwari’s exit comes after Pravin Bathe, the chief compliance officer at Angel One put in his papers a month ago. Both executives resigned citing personal reasons and their desire to pursue other interests outside the company.
25.11 / 14:25
markets
Manufacturing
security
awards
Experts
country
2020
Kia India aims to double CKD exports by 2030; eyes Middle East, Africa markets
Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh. Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide. In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government's export-friendly policies, which have played a crucial role in strengthening country's position within the global automotive value chain.
25.11 / 14:25
markets
IPO
Art
Strategy
Analysis
Trade
Experts
EQT-backed Indira IVF said to weigh $400 million Mumbai IPO
EQT AB is considering an initial public offering for Indira IVF that could raise about $400 million, according to people familiar with the matter. The Stockholm-based investment firm is working with arrangers to help prepare for an IPO in Mumbai as soon as next year, the people said, asking not to be identified because the matter is private. A share sale could value the IVF clinic operator at about $2.5 billion, they said.
25.11 / 14:25
markets
Digital
Google
CEO
Strategy
awards
Experts
Maruti looks to diversify export markets; aims to touch 7.5 lakh unit mark by 2030-31
Maruti Suzuki India on Monday said it is looking to diversify export markets as it aims to clock 7.5 lakh units to overseas locations by 2030-31. The auto major has already exported 30 lakh units to various markets across the globe. The 3 millionth vehicle export was part of a shipment of 1,053 units that sailed from Gujarat's Pipavav port comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire, and S-Presso. «Aligned with the Government of India's flagship 'Make in India' initiative, Maruti Suzuki is committed to deep localisation and multiplying exports,» Maruti Suzuki India (MSI) MD & CEO Hisashi Takeuchi said in a statement.
25.11 / 13:41
markets
Digital
security
President
students
Experts
stage
NSUI makes comeback at helm of DUSU after 7 years
NSUI) staged a comeback in the Delhi University Students' Union (DUSU) elections after seven years, clinching the president and joint secretary positions. NSUI's Rounak Khatri emerged victorious in the presidential race, defeating RSS-backed Akhil Bharatiya Vidyarthi Parishad's candidate Rishabh Chaudhary by over 1,300 votes. Khatri got 20,207 votes while Chaudhary trailed with 18,864 votes.
25.11 / 13:41
markets
UPS
IPO
security
Analysis
Trade
Experts
Realty developer Kalpataru gets SEBI approval for Rs 1,590-crore IPO
capital market regulator the Securities and Exchange Board of India (SEBI) for its maiden equity share sale. The company’s initial public offering (IPO) comprises a fresh issue of up to Rs 1,590 crore. The developer proposes to utilize the net proceeds towards repayment and pre-payment, in full or in part, of certain borrowings availed by the company and its subsidiaries, and general corporate purposes.
25.11 / 13:41
markets
UPS
Digital
Death
Experts
shock
Yellowstone Season 5: Fans stunned as another major character killed in shocking revenge twist after John Dutton
A beloved character, whose demise was both brutal and unexpected, has sent the entire fandom into chaos. In the eleventh episode of the final season, the Dutton family’s turbulent saga deepens, in the aftermath of John Dutton's murder.
25.11 / 13:41
markets
Digital
Netflix
film
love
Experts
audience
It Ends With Us release date on Netflix: When will Blake Lively's movie stream on OTT?
It Ends With Us" will be released on Netflix for the audience in the US. Box-office hit «It Ends With Us» will be released in December on Netflix United States. «It Ends with Us» will start streaming on December 9 this year, as per a report on WhatsOnNetflix. «It Ends With Us» was released on August 9 at the box-office and was received positively.
25.11 / 13:41
markets
Target
Analysis
Cummins
Trade
Experts
reports
Cummins India’s growth hinges on pricing trend, competitive intensity
Cummins India staged a recovery on Monday with over 6% gain after shedding nearly 7% since declaring the September quarter result on November 7. The company reported a strong double digit growth year-on-year in revenue and profit for the second quarter amid expansion in operating margin before depreciation and amortisation (EBITDA margin). However, uncertainty over the extent of demand, pricing of the diesel power generators under 800 Kilowatt-hour (kWh) capacity, which was buoyant in the first two quarters of the current fiscal year, and elevated valuation are some of the concerns for the stock. The Central Pollution Control Board made CPCB IV plus compliance mandatory for generators under 800 KVA range since July 01. These standards, in a bid to improve air quality, prescribe the permissible levels of pollutants emitted by diesel generators. This regulatory push was a key driver in sales of gensets under 800 kWh during the first half of FY25 for Cummins India. In addition, the company also reported traction from data centre sector for its generators, which are in the above 800 kWh range and follow CPCB II norms.
25.11 / 13:41
markets
Digital
Experts
information
reports
gatherings
Courts
In Uber sexual assault lawsuits, a showdown over discovery
Uber Technologies from passengers who allege they were sexually assaulted by the ridesharing service's drivers, plaintiffs' lawyers are pushing for what they see as a quick and easy way to help gather evidence in the sprawling multidistrict litigation. What if they just open their file cabinets? Three plaintiffs' lawyers have sought the court's blessing to use documents, deposition and hearing testimony already in their possession — material that they acquired in past lawsuits against Uber involving claims ranging from pay violations to wrongful death that's designated as confidential --in the sexual assault MDL now pending in San Francisco federal court.
25.11 / 13:25
markets
Food
DISH
Experts
hospital
What you need to know about ultra-processed foods
Subscribe to enjoy similar stories. In a not-too-distant past, treating oneself to a snack meant having a samosa, aloo chaat, vada pav or jhaal muri. Admittedly, many of these dishes weren’t exactly nutritious but they were all made fresh, and sold within hours, if not minutes, of being made.
25.11 / 12:57
markets
IPO
security
Analysis
Research
Trade
Experts
Property Share files offer document for Rs 353 crore IPO of India's first SM REIT
The price band for the Issue is Rs 10 lac to Rs 10..5 lac per unit, and it will open for subscription on 2nd December, 2024. The minimum bid size is 1 unit. “The IPO is a fresh issue of Platina units with no offer-for-sale component. The Offer Proceeds are proposed to be utilised primarily for acquiring the Prestige Tech Platina asset by the Platina SPVs, with the remaining utilised for other general corporate purposes,” the company said.
25.11 / 11:59
markets
UPS
Mobile
Experts
LEH
country
Amara Raja Infra sets up India's first green hydrogen fuelling station in Leh
Amara Raja Infra on Monday said it has completed construction of India's first green hydrogen fuelling station in Leh, Ladakh, for NTPC Ltd. Union Minister for Power and Housing and Urban Affairs Manohar Lal inaugurated the facility on Saturday, the company said. The fuelling station project with a capacity of producing GH2 of 80kg per day was completed in two years, at extreme conditions at a height of 3,400 meters above sea level with temperatures varying between -25°Celsius to 30°Celsius, the company said. The landmark project will enable emission-free transport in and around Leh — making India among the few countries to take the lead in the green mobility space, Amara Raja Infra said in a statement, adding with the completion of the project, NTPC will now operationalise five hydrogen fuel cell buses in the region, it said.
25.11 / 11:59
markets
Digital
Platform
TikTok
Experts
audience
TIPS Music inks direct partnership with TikTok
TIPS Music, one of India’s leading music labels with an expansive catalogue of over 31,000 songs, has inked a direct, strategic partnership to promote its music library on TikTok. This partnership will enable music fans, Non-Resident Indians (NRIs) and expatriates, to access and engage with TIPS Music’s rich and diverse music collection on the popular short-form video platform. The agreement between TIPS Music and TikTok aims to meet the increasing demand for Indian music among global audiences.
25.11 / 11:07
25.11 / 11:07
markets
Digital
Manufacturing
security
Enterprise
Experts
concert
French government offers to buy IT firm Atos' advanced computing activities
acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), it said on Monday. Atos, which secures communications for the French military and secret services and manufactures servers to make supercomputers, is undergoing a restructuring to tackle its large debt. The government has for months been making a concerted effort to reach a deal to retain control over Atos' strategic technology assets within the country. The target is to have a share purchase agreement signed by May 31, when an exclusivity period ends, Atos said in a statement, adding that an initial payment of 150 million euros would be made when the deal was signed.
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