Experts Financial News
25.09 / 15:19
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Digital
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chess
AICF announces Rs 3.2 crore rewards for Olympiad-winning teams
Indian teams during a felicitation ceremony here on Wednesday. AICF president Nitin Narang made the announcement during the event. Each player from the winning teams will receive Rs 25 lakh, while the coaches of the men's and women's teams, Abhijeet Kunte and Srinath Narayanan, will be rewarded with Rs 15 lakh each. Grandmaster Dibyendu Barua, head of the Indian delegation, will receive Rs 10 lakh, and the assistant coaches will be rewarded Rs 7.5 lakh.
25.09 / 15:19
markets
Digital
Manufacturing
Experts
RAI
Schools
India's solar PV module manufacturing capacity increases from 2.3 GW to 67 GW under 10 years of Make In India
Make In India initiatives, the Ministry of Renewable said. Furthermore, 48 GW of fully or partially integrated solar PV module manufacturing projects are currently under implementation under the solar PLI scheme, the ministry said as «Make in India» initiative of Government of India completes 10 years, Union Minister for New and Renewable Energy Pralhad Joshi posted on X " India's renewable energy sector has contributed immensely to the #10YearsOfMakeInIndia. From PLI to VGF, we are extending all possible support to our domestic industries. We are committed to establishing India as a major global player in the complete value chain of clean energy solutions."
25.09 / 13:19
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Updates
Borrowers delay credit card payments as credit-binge starts to bite
Subscribe to enjoy similar stories. Mumbai: Indians are delaying repayments on credit cards and personal loans, leading to a rise in delinquencies after months of bingeing on small-ticket consumption loans. The volume of credit card dues where repayments are delayed by over 90 days has increased 17 basis points (bps) year-on-year to 1.8% in June, showed data from credit bureau TransUnion Cibil.
25.09 / 11:51
markets
UPS
Analysis
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Experts
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reports
Bank stocks lose weight in Nifty as old world charm of industrials take over
bank stocks, which have lost weight in the Nifty 50 index by 430 bps in over a year. Investment-oriented themes like cement and building materials have also gained meaningfully post Covid and are currently at their decadal high levels.
25.09 / 10:57
25.09 / 10:57
markets
Analysis
economy
Research
Trade
Experts
Banking, energy stocks power Sensex to new heights; Nifty settles at 26K for first time
Sensex and Nifty closed at fresh record highs on Wednesday, driven by gains in banking and energy stocks. The 30-share BSE Sensex rose 256 points, or 0.30%, to settle at 85,169, while the broader NSE Nifty added 64 points, or 0.25%, to end at 26,004.
25.09 / 09:19
markets
UPS
trends
Experts
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diving
Data dive: What latest data reveals about jobs, wages, and work hours
Subscribe to enjoy similar stories. Amid the debate about whether India’s growth story has failed to create enough jobs, the Periodic Labour Force Surveys (PLFS) show a significant decline in the unemployment rate over the years. It nearly halved to 3.2% in 2023-24 (July-June) compared to 6.1% in 2017-18.
25.09 / 09:11
markets
UPS
Digital
Experts
RAI
Voting for Congress means putting Haryana's stability, development at stake: PM Modi
Narendra Modi on Wednesday launched a blistering attack on the Congress, saying if the party comes to power even by mistake, it will destroy the state. Voting for the Congress means putting Haryana's stability and development at stake, he said while addressing a poll rally in Gohana in this district for the October 5 Assembly polls. Modi asserted that as the voting day draws near in Haryana, support for the BJP is growing.
25.09 / 09:11
markets
IPO
Analysis
WhatsApp
Trade
Experts
rights
Frenzied retail demand pushing SME IPOs to dangerous heights: Sunil Subramaniam
«Today, you just present a good story, people are willing to buy. And some of the recent IPOs are doubling just the day after listing are adding to this frenzy. But it is the institutional segment, the merchant bankers who need to be disciplined, who need to not use everything as a revenue earning opportunity,» says Sunil Subramaniam, Market Expert. Am I right in saying when I say that right now merchant bankers who are taking some of the SME IPOs public, they are not doing their fiduciary duty. They are like the SEBI, whole-time director Mr Bhatia said that they are prescribing steroids when paracetamol can do the work? Sunil Subramaniam: I think absolutely because if you look at it, the situation is that you have a gullible investing public. You look at the stories around the F&O story, the margin trading story, the Demat account, people just buying stocks. So, there is what is called in Hindi, the hawa. So, in this place, all it needs is a good story for people to buy it. And it has gone to such an extent that I got a WhatsApp forward saying, somebody has got 10 tickets to the Coldplay concert and wants to launch an IPO. Fin influencers are also a part of this.
25.09 / 09:11
markets
Digital
Sustainability
Experts
RAI
Schools
Bihar seeks investment in maize sector amid ethanol boom
As India's fifth-largest maize producer, the state is witnessing a shift in farmer preferences towards maize cultivation due to attractive market prices surpassing the minimum support price (MSP). «Maize is no longer just for human and animal consumption. It's now powering our vehicles through ethanol-blended petrol,» Pandey said, highlighting the crop's expanding utility.
25.09 / 06:57
markets
Provident
ETF
Parke
Trade
Experts
Bitcoin
Unprecedented Bitcoin Price Rally Expected – Experts Eye ‘Extraordinary Upside’ from ETF Options Launch
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
25.09 / 05:17
markets
BLOCK
Analysis
Trade
Experts
consequences
information
PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on Monday, September 30, 2024, inter-alia, to consider and approve the alteration in the share capital of the Company by sub-division / split of existing equity shares having face value of Rs.10/- each, fully paid-up, as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company,” said the company in a filing to the exchanges.
25.09 / 01:09
markets
COST
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country
International
China’s real estate stimulus to aid Indian steelmakers but oversupply persists
Subscribe to enjoy similar stories. Mumbai: China’s latest push to revive its struggling real estate sector could benefit Indian steelmakers but may still not be enough to resolve high steel imports from India’s neighbour, according to experts. “The stimulus should improve domestic steel demand in China, which would be positive for the global market," said Ranjan Dhar, director and vice-president, sales and marketing, ArcelorMittal Nippon Steel India (AM/NS).
24.09 / 22:33
Provident
Research
Experts
show
reports
testing
EPA data make it hard to know the extent of the contamination from last year's Ohio derailment
The way the Environmental Protection Agency has reported its test results since the disastrous East Palestine, Ohio, train derailment last year makes it hard for residents to know the full extent of the contamination they have been exposed to that they...
24.09 / 22:33
UPS
CEO
Experts
electronic
rights
Interviews
International
Longshoremen from Maine to Texas appear likely to go on strike, seaport CEO says
CEO of Georgia's two seaports says a strike by dockworkers seems likely.
24.09 / 20:07
24.09 / 18:33
markets
Digital
Healthcare
Experts
NXT
reports
Department
Hinduja Group arm HGS charged with Rs 2,500 cr tax evasion
Income Tax Department has alleged a tax evasion of about₹2,500 crore by Hinduja Global Solutions' (HGS). An internal report, submitted earlier this month based on a probe carried over the past nine months, has charged HGS with the evasion. Invoking the General Anti-Avoidance Rule, tax authorities have charged the company merging with a loss-making entity subsequent to divesting its healthcare business at a gain with the purpose of avoiding tax.
24.09 / 16:33
24.09 / 16:21
markets
economy
Sustainability
Trade
President
Experts
innovations
Need lower tariffs, harmonisation of norms to boost Indo-US agri trade: Experts
lower tariffs and harmonisation of local norms to boost the trade between the two major global economies. Addressing a session on agro-processing at the 21st Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC), ITC Ltd's Agri-Business Division Vice President of Value Added Products Sanjeev Bisht identified key concerns, including recent Red Sea-related supply chain disruptions, the absence of a free trade agreement, and local quality norms. «If we want to increase exports, we need to understand the quality concerns of that country,» Bisht said, stressing the importance of harmonising standards between India and the US. Bisht also emphasised the need for sustainability and technology integration to boost productivity while reducing ecological impact. He suggested that combining innovations in artificial intelligence with agriculture could open new avenues for growth, an official statement said.
24.09 / 16:21
markets
Citi
Analysis
Research
trends
Trade
Experts
MCX revises futures & options transaction charges. New rates effective from October 1
Multi Commodity Exchange of India (MCX) has revised transaction fees on futures and contracts effective from October 1, 2024. For futures contracts, the transaction fee will be Rs 2.10 per lakh of turnover value while for options contract, it will be Rs 41.80 per lakh of premium turnover value, MCX said in a circular issued on Tuesday.
24.09 / 15:17
markets
Racing
Election
President
Experts
reports
U.S elections: Harris may be leading Trump nationally in all polls, but she may be faltering in swing states; that's the key
Kamala Harris is far ahead over her opponent former President Donald Trump in the US election 2024 race according to the national poll survey which was conducted by the NBC News. According to Independent, reports are claiming that the voters who have not chosen a side until July are finally gaining some clarity regarding whom to vote resulting in Kamala Harris up by five percentage points over Donald Trump. Following the last poll survey conducted by NBC in July, it has been noticed that Vice President Kamala Harris’s standings has been improved by a huge figure of six points in September whereas, Donald Trump’s number are seen to be staying the same from the last two months, reported Independent. Also Read: Sean 'Diddy' Combs is not eating in jail; is he scared of poisoning, or on a hunger strike?
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