Experts Financial News

Nikhil Kamath, co-founder of Zerodha, gathered industry titans to discuss one of the most debated topics in personal finance: buying a home versus renting. Kamath was joined by Irfan Razack, Chairman & MD of Prestige Group, Nirupa Shankar, Executive Director at Brigade Group, and Karan Virwani, CEO of WeWork India. The discussion revealed key insights into the advantages and challenges of each option. Kamath, who has long favored renting, shed light on the uncertainty that often comes with renting. “The thing with renting, of all the advantages of renting, there is one disadvantage: you don’t have foresight as to when you can move out of the house. I had to move out of this house, whereas I might have liked to stay longer in this house,” he said. Kamath explained that the inconvenience of having to move often sways people toward buying their own homes.

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Rana Sugars Ltd.(up 1.67%), DCM Shriram Industries Ltd.(up 0.71%), Rajshree Sugars & Chemicals Ltd.(up 0.36%) and Ponni Sugars(Erode)Ltd.(up 0.05%) stood among the top gainers.

working conditions, and recognition of their newly-formed labour union, the Samsung India Workers Union (SIWU). What was the state government’s role? Initially, the state government did not step in to help resolve the dispute after workers at the Sriperumbudur plant struck work on September 9. It was only a few weeks later when chief minister M.K. Stalin returned from a trip to the US that the government decided to engage in talks with the workers.

NASA's first human mission to the lunar South Pole will be wearing Prada, as part of a new venture unveiled on Wednesday. Private space company Axiom Space teamed up with the Italian luxury brand to provide the surface suits and spacewalk systems for NASA's Artemis 3 mission, which is planned for September 2026. The external layer of the space suit, designed to reflect heat, is largely white, as it was on the suits worn by the Apollo astronauts who last walked on the moon more than 50 years ago.

Valmiki scam by former Karnataka Minister Nagendra and his aides was allegedly used «during the 2024 Lok Sabha election expenditures to influence voters» and some significant portion of the amount for personal expenses, said the Enforcement Directorate's chargesheet. Significant amounts were channeled towards election campaigns under the direction of Nagendra, and the cash was distributed to party workers and voters in constituencies like Bellary, Kudligi, and Kamp, the chargesheet stated. As per the charge sheet, filed in a special court in Bengaluru, cash was distributed to polling stations in constituencies, with each voter receiving Rs 200 and each polling booth Rs 10,000. «This involved over Rs 15 crores distributed to influence voters.»

Maharashtra government is unlikely to dent the state's financial position, a domestic rating agency said. Icra Ratings' chief economist Aditi Nayar also expects that there will not be a «runaway increase» in spending even though the «rhetoric may be very high». She explained that Maharashtra fares well on the state debt front, and the leverage levels are among the lowest in the country. Concerns have been raised in the recent past over schemes like the Rs 46,000-crore Ladki Bahin Yojana of providing cash handouts to women or the decision to discontinue tolls for cars while entering or exiting the financial capital.

Widely shared on social media, the atmospheric black and white shots — a mother and her child starving in the Great Depression; an exhausted soldier in the Vietnam war — may look at first like real historic documents. But they were created by artificial intelligence, and researchers fear they are muddying the waters of real history.

ICICI Securities has buy call on State Bank of India (SBI) with a target price of Rs 1,000. The current market price of State Bank of India share is Rs 805.2. State Bank of India, incorporated in the year 1955, is a banking company with a market cap of Rs 718387.29 crore. SBI key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Lakshya Powertech's issue has been garnering strong demand from investors. The issue, which opened for bidding earlier today, was already subscribed 30 times. This demand was driven by retail investors, whose category was booked over 50 times, followed by non-institutional investors at 24 times.

«If you look at OPEC and their announcements in terms of usage, they continue to revise the fact that consumption is actually going down over time. And we do hear that coming from them,» says Jonathan Barratt, CIO, Probis Securities. I think that we have seen this volatile move in crude oil prices ever since we saw Iran launching that ballistic missile against Israel. We saw that spike in crude oil prices. And ever since then, we have been monitoring the movement quite closely. How are you looking at all of these developments and where it is likely to take crude oil prices from here on? Jonathan Barratt: Look, obviously a lot of volatility, crude prices under a lot of pressure. I guess there is a sense of relief that we get that Israel has decided, based on what the US has maybe just told Israel, that they would not attack any of Iran's oil facilities and we get a sense of relief that. And part of that geopolitical risk has sort of come off. But we have also got other influences there in oil prices, which are making it come down at the moment and that is also, of course, China and some of the weak data we are getting out of there. So, there are some major things at the moment and at the moment, they are causing the price of oil to come lower.

TRUST Mutual Fund has launched TRUSTMF Small Cap Fund, an open-ended equity scheme that focuses on small-cap stocks. The new fund offer or NFO of the scheme is open for subscription and will close on October 25. The fund will be benchmarked against the NIFTY Smallcap 250 TRI. The fund will be managed by Mihir Vora and Aakash Manghani.

Ambuja Cements Ltd. slipped 0.59 per cent to Rs 586.6 in Wednesday's trade as of 01:44PM (IST). The stock hit a high price of Rs 591.35 and low of Rs 576.4 during the session.

Disney Star has successfully partnered with eight sponsors for the upcoming season of the Pro Kabaddi League (PKL), enhancing its presence across Linear, Digital, and on-ground platforms. Notable sponsors include Dream11, Shriram Finance, ROFF, Parimatch Sports, HP Lubricants, and Mother Dairy, solidifying PKL's status as one of the leading sporting events in India. The broadcaster generates over Rs 100 crore in ad revenue from the property. With its increasing popularity, this season aims to engage a diverse audience through exciting brand collaborations and a unique mix of sports and entertainment. Fans can anticipate thrilling Kabaddi matches alongside fresh, innovative content designed to elevate the viewing experience.

<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. dropped 0.29 per cent to Rs 6089.55 at 01:39PM (IST) in Wednesday's trade. The stock hit a high of Rs 6141.1 and low of Rs 6055.3 so far during the session. The stock had closed at Rs 6107.35 in the previous session. The counter had a total traded volume of 01:39PM shares so far with a turnover of Rs 3.51 crore on BSE. The stock traded at a price-to-earnings multiple of 96.49 and a price-to-book ratio of 6.71.

LTIMindtree Ltd. dropped 1.32 per cent to Rs 6374.25 at 01:49PM (IST) in Wednesday's trade. The scrip hit a high of Rs 6459.6 and low of Rs 6344.0 so far during the session. The stock had closed at Rs 6459.6 in the previous session. The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 1.39 crore on BSE. The stock traded at a price-to-earnings multiple of 41.32 and a price-to-book ratio of 7.3.

North Korea appears very unhappy with the South at the moment — but why? AFP takes a look at what we know: What has changed?

Wipro is expected to report a revenue decline of 1.1% to 1.7% on a year-on-year (YoY) basis for the quarter ended September 30, 2024, according to average estimates from five brokerages, which have pegged the topline in a range of Rs 22,134 crore to Rs 22,516 crore. Estimates for the company's net profit growth for Q2 are expected to range between 5.5% and 19.5%, resulting in PAT of Rs 2,646 crore to Rs 3,161 crore.

strong growth visibility, the shares of Aditya Birla Real Estate (ABREL) may go up 30% predicted global brokerage firm Nomura while initiating coverage on the stock with a ‘buy’ rating and a target price of Rs 3,700. Nomura believes that ABREL has all the qualities to rank among top 5 real estate players in India.