Experts Financial News

Sales of air purifiers are limited to just 3-4 weeks after Diwali, that too mostly in the Delhi-NCR belt, with the market not even growing for some years which forced some top companies such as Samsung, Voltas, Panasonic, Daikin and Haier to either exit the segment or go “very slow”. Industry executives said consumers do not perceive air purifiers as a product which gives tangible value since they can’t see the effect in real time. Sales happen in Delhi-NCR when there is intense smoggy condition and worsening air quality index (AQI) hits the headlines.

Zerodha co-founder Nikhil Kamath has some advice for you. The billionaire recently tweeted a video from Zerodha discussing early retirement and its challenges. «I hadn’t realized how popular the Financial Independence, Retire Early (FIRE) trend had become until I saw this @Zero1ByZerodha video,» he wrote. «There's nothing wrong with wanting to retire early, but retirement isn’t just about money.»

Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities. This is subject to the total exposure to Indian securities by such overseas funds not exceeding 25 per cent of their net assets. The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.

stood among the top gainers.

Trump presidency. That's because executives expect a Trump administration would also bring with it policy uncertainty, trade wars, protectionism, and inflationary pressures, which will slow down mergers and acquisitions activity, interviews with bankers, lawyers and consultants show. That's leading some dealmakers to believe the environment for corporate M&A activity might not look much different under either presidential candidate: Trump or Democratic rival Kamala Harris.

Ambala and Chandimandir, marks a significant increase in scope with bi-service level participation for the first time by personnel of the army and the air force from both countries, the defence ministry said. The exercise is a sequel to the bilateral exercise in Vietnam in 2023 and a major milestone in strengthening the bilateral relations between India and Vietnam. «The aim of 'VINBAX 2024' is to enhance joint military capability of both sides in employment and deployment of Engineer Company and Medical Teams to undertake engineering tasks as part of a United Nation contingent in peacekeeping operations under Chapter VII of the United Nations Charter,» the defence ministry said in a statement.

Your valuables with the bank are 100 times secured of your annual locker rent. Benefits of nomination, Survivorship Clause

Franklin India Arbitrage Fund,an open-ended arbitrage fund. The new fund offer or NFO of the scheme is open for subscription and will close on November 18. The scheme will re-open for continuous sale and repurchase on November 21. The fund will aim to achieve capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of equity markets, as well as arbitrage opportunities within the derivative segment, with the remainder allocated to debt and money market instruments, according to a release by the fund house.

Future Consumer Ltd.(up 4.35%), Gillette India Ltd.(up 4.34%), Bikaji Foods International Ltd.(up 2.11%), LT Foods Ltd.(up 0.24%) and Zydus Wellness Ltd.(up 0.18%) stood among the top gainers.

Subscribe to enjoy similar stories. Logistics operators with roots in China are taking on more warehouse space across the U.S. amid broad changes in sourcing, manufacturing and global trade flows.

Benchmark NSE Nifty closed 309.0 points down at 23995.35 amid selling in frontline bluechip counters.

jobs frequently, every two to three years. Graves, who has expanded his company to over 800 locations, values loyalty and teamwork in his employees and sees short job tenures as a sign of potential issues with commitment and team orientation.

Shares of Punjab National Bank(up 2.65 per cent), Au Small Finance Bank Ltd.(up 1.32 per cent), State Bank of India(up 1.06 per cent), IndusInd Bank Ltd.(up 0.13 per cent) and Federal Bank Ltd.(up 0.06 per cent) ended the day as top gainers in the pack.

Dr. Reddy's Laboratories is likely to report healthy double-digit growth in sales in the second quarter, mainly driven by strong domestic and US businesses. However, the bottom line is seen declining in the reporting period. Net profit for the July-September 2024 period may fall 3% year-on-year, according to an average estimate of four brokerages. Meanwhile, sales are likely to grow 13% year-on-year, the estimates revealed.

Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period.

Rachna Bhutoria has clarified the guest selection process for "WTF is," the podcast hosted by Zerodha co-founder Nikhil Kamath. In a LinkedIn post, Bhutoria detailed the criteria for potential guests, encouraging them to focus on delivering fresh, insightful perspectives over financial offers.

lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. The lawsuit alleges TikTok's algorithm exposed the seven teenagers to videos promoting suicide, self-harm and eating disorders, lawyer Laure Boutron-Marmion told broadcaster franceinfo. The families are taking joint legal action in the Creteil judicial court. Boutron-Marmion said it was the first such grouped case in Europe.

Zomato’s Hyperpure warehouse in Hyderabad on October 29, 2024, uncovered 18 kg of button mushrooms labeled with a future packing date of October 30, 2024. Zomato CEO Deepinder Goyal on Monday clarified that the discrepancy, attributed to a manual typing error by a vendor, was promptly detected and rejected during the company’s inward quality control (QC) process before reaching consumers. He also said that the vendor responsible has been delisted from its database to prevent future errors.

Singapore’s flag carrier, already rountinely ranked as the world’s No. 1 airline with its generous pourings of champagne and ability to book the cook and order Lobster Thermidor, unveiled its fresh and completely redesigned first and business class seats — with all-new privacy doors — on Monday. To start, Singapore Air’s seven Airbus SE A350 jets that fly the 18- or 15-hour crossings between Singapore and New York or Los Angeles will get four first class seats installed. The move comes as rival Qantas Airways Ltd. prepares to launch non-stop flights between Sydney and London and New York as part of Project Sunrise.

stocks blunted the impact of a weaker dollar that helped lift the currency's regional peers ahead of the U.S. presidential election. The rupee closed at 84.1150 against the U.S. dollar after touching its all-time low of 84.1225 earlier in the session.

CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. «Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24,» he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector.