Experts Financial News

MRF had announced an interim dividend of Rs 3 per share for its shareholders earlier this month while also announcing the results for the second quarter ended September 30, 2024. The company had fixed November 19 as the record date for determining the eligibility of the shareholders for the said dividend.

Hero MotoCorp will be in focus today after the company reported 14% growth in its standalone net profit at Rs 1204 crore in the second quarter. Revenue from operations in the reporting period rose 11% YoY to Rs 10463 crore.

Brendan Carr will take over as the permanent Chairman of the Federal Communications Commission (FCC). Carr, currently the senior Republican commissioner at the agency, was first nominated to the FCC by Trump in 2017 and unanimously confirmed by the Senate. His term extends through 2029. In his statement, Trump praised Carr’s contributions, stating: “His current term runs through 2029 and, because of his great work, I will now be designating him as permanent Chairman.” Carr has «fought against the regulatory Lawfare that has stifled Americans' Freedoms» and will «end the regulatory onslaught that has been crippling America's Job Creators and Innovators, and ensure that the FCC delivers for rural America,» Trump said in the statement.

Grasim Industries will be in focus in Monday's trade after the company reported a 66% fall in its consolidated net profit at Rs 389 crore in the second quarter. The company earned a revenue of Rs 33,563 crore for Q2FY25, up 11% YoY, driven by strong performance from its diversified business portfolio.

Neelam Linens and Garments will debut on the NSE SME platform today. Ahead of the listing, the company's shares traded with a GMP of Rs 14. Considering the upper price band of Rs 24, the stock is expected to list with gains of 54% premium over the issue price.

The air quality index climbed to 762 in some parts of Delhi such as Jahangirpuri, according to aqicn.org. New Delhi grapples with smog, a toxic blend of smoke and fog, each winter as cold air traps dust, emissions and smoke from illegal farm fires.

Charlie Munger authored a book titled Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger. While the title plays on Benjamin Franklin’s Poor Richard’s Almanack, some might argue it had an unintended double meaning. Recently, Helios Mutual Fund’s CEO, Samir Arora, raised an intriguing question on X about Munger’s relatively ‘modest’ net worth of $2.6 billion, compared to his long-time partner Warren Buffett’s fortune. It turns out that on a relative scale, compared to what people expect, he really was ‘Poor Charlie’! However, I think investors should ignore Munger’s poverty entirely. The real wealth he created wasn’t just about his net worth, but in the intellectual capital he gave to generations of investors. Consider the investment principles Munger outlined in a speech summarised by John Templeton, a reference in the same X post. These eight commandments of investing are worth more than any billion-dollar fortune because they’ve helped countless investors build their wealth. Let’s examine why these principles are so valuable. First, Munger’s emphasis on specialisation and understanding your ‘circle of competence’ has saved many investors from costly mistakes. His anecdote on Bobby Fischer brilliantly illustrates this: When asked how to beat the chess champion, his answer was simple, ‘Get him to play you at any game except chess.’ The lesson? Stay within your domain of expertise.

Asian stocks dipped early Monday as traders reined in expectations of Federal Reserve interest rate cuts following fresh signs of US economic resilience. Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid 1.3% on Friday to erase more than half of its gains following the US election.

Volatility, stronger dollar Trump 2.0 is largely expected to play out in a similar vein as his previous stint at the helm. The US is likely to break away from traditional ways of governance and policy-making, charting a different path than the rest of the world. Vinit Bolinjkar, Head of Research at Ventura Securities, points out, “Trump’s administration has previously shown a willingness to shake up existing norms. So we might see economic indicators like inflation and interest rates in the US diverge more sharply from global trends.” This divergent path will clearly bring elevated uncertainty to global financial markets. Prashant Tandon, Executive Director, Investment Advisory, Waterfield Advisors, insists, “The Trump sweep will ensure that macro volatility will remain elevated in the foreseeable future.”

debt with the funds? It’s essential for Vansh Ahuja to keep up with his student loan payments, ensuring that he meets at least the monthly minimum due to maintain a good credit history for future loan eligibility. Automating these EMI payments and treating them as a mandatory expense will help him stay consistent. He should also consider setting up an emergency fund, which can act as a backup for EMI payments in case of an unexpected job loss. If he doesn’t already have one, he could consider allocating the Rs.4.5 lakh bonus for setting this up.

The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.

Availability bias It’s not a school exam. So performance alone isn’t enough. Most professionals assume that if you deliver great results, you will automatically move up. However, promotions also depend on how your contributions have been perceived. Understand the psychological principle of ‘availability bias’. Managers tend to promote those whose achievements are top of the mind. The best way to achieve this is to be co-located with your manager. Be sure to document your successes and share them strategically. For instance, send weekly or monthly updates to your manager, highlighting key outcomes. Communicate your achievements in the langauge that is aligned with your organisation’s current goals. Is the company focused on cost-saving? Talk about how your projects reduced expenses. Is growth a priority? Highlight revenue increase or new client acquisitions. Avoid arrogance. Frame your achievements as contributions to team success rather than personal victories to retain humility.

Substantial FPI outflows, weak September quarter results, and high valuations have driven the recent market correction. A JM Financial report highlights slowing urban demand across FMCG, retail, auto and mall sectors, based on the September quarter earnings from 157 companies. Demand moderation is seen in chemicals and consumer durables, while the financial sector shows stress in unsecured portfolios of MFIs, certain private banks and NBFCs. The beat-to-miss ratio has been adverse so far, with 150 companies out of 268, or 56%, reporting earnings that are less than the estimates compiled (for more than two analysts) by Reuters-Refinitiv. Experts expect volatility to persist, but remain optimistic about long-term growth. Higher government spending and festive season consumption are expected to boost India Inc.’s earnings in the second half of 2024-25.

NIPPON INDIA LARGE CAP BASIC FACTS DATE OF LAUNCH 8 AUG 2007

OpenAI CEO Sam Altman posted “chat. com” on X without explanation earlier this month. It subsequently emerged that HubSpot cofounder and CTO Dharmesh Shah had sold the domain to OpenAI, indicating that the $15.5 million price may have been paid in shares. While Shah seemed to suggest the amount was the same he’d paid to acquire it in the first place, domain investing is again becoming a lucrative business that could yield high returns, following the rise of AI. Web domains with .ai extensions have become the third-largest selling category, with sales reaching $9.2 million in the year to date, according to data from Namebio. This is slightly behind the second-ranked .org, which garnered $9.4 million. The extension .com still rules, at $120.2 million.

Elon Musk’s X is lagging in influencer marketing in India despite taking several steps to promote influencers and drive content-led engagement since the billionaire’s $44-billion acquisition of the microblogging platform in 2022, social media experts said. Sreeram Reddy Vanga, chief executive of Nazara Technologies-backed adtech influencer platform Kofluence, said X (formerly Twitter) has plenty of “untapped potential” when it comes to influencer marketing. “The strength of X lies in real-time conversations and trending topics, which can be powerful for brands when used correctly,” he said. “Current estimates indicate that creators might earn around $2 to $3 per month from this programme, which is modest but highlights a clear area for improvement, which X has acknowledged.”

Jake Paul versus Mike Tyson Netflix boxing fight has hogged all the limelight. However, despite the height, there has been controversy as many critics termed the bout one-sided with some even claiming it was scripted, as per a report. Women's WBA world light flyweight champion Sara Bailey has alleged that the boxing match between Paul and Tyson was 'fixed'. Another attendee Lucas Bahdi claimed Paul took the fight lightly, the Express-US reported. Meanwhile, Netflix said on Saturday that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to a statement.

BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.

Adani Green Energy, India's largest private sector renewable power company, is looking to raise around $2 billion in the next few months in multiple tranches through international bonds and loans, according to people close to the development. The company will hit the bond market in the next few days with a $600 million issue, the people said. It had called off a $1.2-billion bond issue last month as investors demanded a higher yield due to geo-political issues then. It had last time given a price guidance for a fixed coupon rate of 7% for the 20-year bond. The pricing this time around is likely to be much higher, the people said. Yield on the 10-year US Treasury has been moving up in recent weeks, hitting its highest level since May 31.

Piramal Enterprises Ltd and Bain Capital Credit surrendered the licence for their asset reconstruction company (ARC), India Resurgence Asset Reconstruction Company, to the Reserve Bank of India, a development that shows growing challenges in the distressed assets market, said people aware of the development. Launched in 2018, the fund had invested in stressed assets using a mix of debt and equity. Regulatory hurdles, including restrictions on equity sales and difficulties in providing exits to equity investors, have now made the business of ARCs less attractive.

Joe Biden has for the first time authorized the use of U.S.-supplied long-range missiles by Ukraine to strike inside Russia, according to one U.S. official and three people familiar with the matter. The decision is a major U.S. policy shift and comes as Biden is about to leave office and incoming President-elect Donald Trump has said he would bring about a swift end to the war and has expressed skepticism over continued support by the United States. The weapons are likely to be used in response to North Korea's decision to send thousands of troops to Russia in support of Russian President Vladimir Putin's invasion of Ukraine, according to one of the people. The official and the people familiar with the matter were not authorized to discuss the decision publicly and spoke on condition of anonymity.