Experts Financial News
13.11 / 07:29
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TMC leader Ashok Sahu killed in violence during West Bengal by-elections
«Ashok Sahu died due to a bullet injury. He was an honest person and never engaged in corrupt practices. Police knows everything about the real incident,» Sahu's brother said. Ashok Sahu, a former Trinamool Ward President, was sitting at a tea shop where he was attacked and received serious injury. The Trinamool worker was injured as bullets were showered and bombs hurled in Jagatdal and Sahu was subsequently hospitalised.
13.11 / 07:01
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Indian Hotels share price 1.56 per cent
Indian Hotels Company Ltd. traded 1.56 per cent up at Rs 718.50 at around 12:10PM (IST) on Wednesday. The stock had closed at Rs 729.90 in the previous session. Equity benchmark Sensex traded 546.44 points at 78128.74 around the same time.
13.11 / 07:01
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Share price of DLF as Sensex drops 541.46 points
DLF Ltd. 2.56 per cent to Rs 744.90 at 12:17PM (IST) in Wednesday's trade. The stock has hit a high of Rs 769.45 and low of Rs 744.50 so far during the session. The stock had closed at Rs 764.50 in the previous session. The counter has had a total traded volume of 50887 shares so far with a value of Rs 3.84 crore on the NSE. It traded at a price-to-earnings multiple of 51.33 and a price-to-book ratio of 5.64.
13.11 / 07:01
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Beware! Indians biggest winners, but UK sounds warning on visa fraud
UK Visas and Immigration (UKVI) department has issued a crucial advisory to Indian nationals applying for UK visas, urging them to stay vigilant against potential fraud. Scammers often impersonate officials, claim expedited visa processing, or request payments through unauthorized channels. UKVI emphasized that it will never reach out through social media, request payments by email or personal bank accounts, or guarantee visa approvals in exchange for third-party payments. All payments for UK visa services should be made exclusively via GOV.UK or its verified partners. Indian nationals emerged as the largest recipients of UK visas across Visit, Study, and Work categories for the year ending June 2024.
13.11 / 07:01
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Cold War bomber enhances China's ability to strike U.S. bases
China deployed some of its newest strike aircraft, warships and missile forces. However, one of the most menacing weapons used in the drills: an updated version of a bomber that first flew in the early years of the Cold War. Like America, which still relies on upgraded versions of the B-52, a bomber from the same era, China has successfully modernized its jet-powered H-6 to carry on flying deep into the 21st Century. These bombers were shown on China's state-controlled media taking off for missions designed to intimidate Taiwan as part of the war-game drills. Dubbed Joint-Sword 2024B by China's military, the maneuvers were a «stern warning» to people on Taiwan seeking independence, the Chinese military said.
13.11 / 07:01
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Is equity market heading for a prolonged slowdown? Vetri Subramaniam answers
«It can work it off by coming down sharply, as it has done a few times in the past or it can just go nowhere for a while and allow the earnings to catch up because as a result valuations will automatically correct as those earnings come through,» says Vetri Subramaniam, CIO, UTI AMC. For the first time, there is real pain and agony to be felt in this market after many-many years. Do you think we have taken a decisive turn in equity markets and we could be in for a long winter? Vetri Subramaniam: This business of predicting whether it will be winter, summer, spring is not really my forte. And after 25-30 years of doing this, I have come to the conclusion that nobody can really forecast this stuff beforehand. I will just stick to what I have been telling you and maybe that may have been our last conversation as well. The markets were pretty pricey in terms of valuations and history has taught us that when the market is pricey in terms of valuations, there are two ways in which it can work it off.
13.11 / 03:59
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Buy Life Insurance Corporation, target price Rs 1,200: Motilal Oswal Financial Services
buy call on Life Insurance Corporation of India with a target price of Rs 1,200. The current market price of Life Insurance Corporation (LIC) is Rs 932.3. LIC, incorporated in 1956, is a Small Cap company with a market cap of Rs 590723.16 crore, operating in Financial Services sector. Life Insurance Corporation of India's key products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.
13.11 / 03:59
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Stocks to buy or sell today: RIL, Indian Hotels among top 6 trading ideas for 13 November 2024
India VIX, a measure of market volatility, rose by 2.40% to end the session at 14.60 on Tuesday.
13.11 / 03:55
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ETMarkets Smart Talk | Gold and silver rally driven by Chinese and Russian buying spree: Santosh Pandey
gold and silver prices, however this time addition twist has happen to this theory,” says Santosh Pandey, President & Head, Nuvama Professional Clients Group. In an interview with ETMarkets, Pandey said: “Higher Yield has potential to derail equity rally globally including India, but strong dollar is good for certain sectors like IT/Pharma and Textile on Indian perspective” Edited excerpts:
13.11 / 03:55
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Zinka Logistics IPO opens today: GMP, price band, subscription, key dates & other details
Zinka Logistics, which operates the BlackBuck platform, will open for subscription today. The issue, which is a combination of fresh equity sale of Rs 550 crore and an offer for sale (OFS) of 2.06 crore shares, will be available for bidding till November 18. Ahead of the issue opening, the company bagged Rs 500 crore from anchor investors where marquee investors including Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System among others participated.
13.11 / 03:55
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What is Trump’s DOGE, headed by Elon Musk and Vivek Ramaswamy, and why it will 'send shockwaves' through Washington
Donald Trump has announced that Tesla CEO Elon Musk and Indian-American entrepreneur Vivek Ramaswamy will head the new Department of Government Efficiency (DOGE). Trump revealed the appointment on Tuesday, saying, “I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE).” Ramaswamy will make history as the first Indian-American to join Trump’s administration, starting January 20 next year. In his statement, Trump explained that Musk and Ramaswamy would help his administration tackle government bureaucracy by cutting unnecessary regulations, reducing wasteful spending, and restructuring federal agencies. This, Trump said, is crucial for the «Save America» movement.
13.11 / 03:17
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Swiggy Share Price Live Update: Check latest GMP, experts view on share listing premium
Stay tunes for more updatesSwiggy IPO GMP todaySwiggy IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹390 with no premium or discount in the grey market according to investorgain.comConsidering the grey market activities from the last 21 sessions, today's IPO GMP is trending downward and is likely to decrease further. The minimum GMP recorded is ₹0, while the maximum GMP stands at ₹25, as reported by investorgain.com.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
13.11 / 02:55
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Vodafone Idea shares in focus ahead of Q2 results today
Vodafone Idea will be in focus as the company will announce its second quarter results today. The telco is expected to narrow its consolidated losses for the quarter ended September 2024, while revenues are likely to grow marginally. Net losses for the quarter may narrow in the range of Rs 6300-6400 crore, according to estimates from three brokerages. Revenues are seen rising 5% year-on-year in the September quarter.
13.11 / 02:55
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Nowhere to hide, keep your powder dry and sit on the sidelines till Trump takes office: Andrew Holland
Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says we might get relative outperformance but at this point, just keeping your powder dry is probably the best thing to do until some of the scenarios play out after Trump assumes office. Hospitality, and traveling will be a key feature at least for next year or so. The airlines look okay. Some kind of premiumisation is happening in pockets and alcoholic and non-alcoholic drinks are the place to be there. Finally, electronic manufacturing (EMS) is a great area to be in the long term. Those three themes are in play, but if markets go down, then these stocks will go down as well. What is spooking the global markets right now? Do you think the excesses of the Trump rally are getting shaken off a little? Andrew Holland: Yes, you are bound to see a little bit of slowdown in the index after its rise but one thing that has clearly happened is that all the attention and all the focus is now on the US and that is what we have seen in terms of the markets not just the equity market, but obviously the currency and to some extent crypto as well. I do not see that stopping. I think that is going to be the kind of theme as Trump puts together his administration and America first kind of comes out of this.
13.11 / 02:33
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JTL Industries among 3 stocks to trade ex-split tomorrow. Do you own?
Contil India, JostS Engineering Company and JTL Industries will likely remain in fous in today’s session as these companies have November 14 as the ex-date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.
13.11 / 02:33
13.11 / 02:33
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IRCTC, RITES among 16 stocks to trade ex-dividend tomorrow. Last chance to buy
IRCTC and RITES among a host of other companies likely to remain in focus today as they are approaching their ex-date, November 14, for the purpose of payment of dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced dividends.
13.11 / 02:33
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Where did Kamala Harris spend the $1 billion that she raised and landed in $20 million debt? Experts say it was a disaster
Donald Trump may not be a good President and replacement for reigning President Joe Biden. Based on her filings, Harris has spent somewhat $880 million in the US elections, which is more than a double of what was spent by Trump, according to his filing reports. In terms of advertising campaigns, Kamala Harris and her campaign team spent almost double of what their opponents spent but still did not manage to yield as much results that was expected in the first place. One sector that the Harris campaign spent the most, is event production, web musical performances at rallies right before the elections, were the star attraction. Kamala Harris paid nearly a million dollars to Harpo, which is a production company owned by Oprah Winfrey, who ended up being the reigning VP's biggest celeb ally this time around.
13.11 / 02:03
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Gold Prices
Gold prices flat, focus on US inflation print
Gold prices barely moved on Wednesday, as attention shifted to a key U.S. inflation print due later in the day, which could shed more light on the Federal Reserve's monetary policy path.
13.11 / 02:03
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Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency: Trump
Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE. «I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE),» Trump announced. Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year. «Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies — essential to the 'Save America' Movement,» he said.
13.11 / 02:03
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Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
The corporate goods price index (CGPI), which measures the price that companies charge each other for goods and services, rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain. It followed a 3.1% increase in September.
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