Experts Financial News

Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in early June. In contrast, consumer and software stocks have rallied 20% and 34%, respectively.

SAIL, MCX, Texmaco Rail Engineering and Hindustan Copper among 50 other companies are expected to be in focus today as they have set September 19 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.

US Fed meeting, although rotational buying in large-cap stocks is maintaining a positive tone," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions:

Jammu and Kashmir, officials conducted mock polls at various polling booths across Union Territory. Preparations and mock polls are underway in various polling booths across Jammu and Kashmir, including Banihal, Kishtwar, and Jagti Assembly constituencies. Presiding Officer of Lachh Khazana-B, FCI Store Kuleed Polling station Number 75, Ashukta Shaheen, said "Mock polling has been completed. All the preparations have been done. The voters can come and cast their votes after 7 AM..."

In what appeared to be a sophisticated, remote attack, pagers used by hundreds of members of Hezbollah exploded almost simultaneously in Lebanon and Syria Tuesday — killing at least nine people, including a young girl, and wounding thousands more

NCIS: Origins. This new series delves into the life of a young Leroy Jethro Gibbs.

Instagram announced tighter privacy settings for younger users on Tuesday. These restrictions include the requirement for ‘Teen Accounts’ and parental controls that limit what children can view. All Instagram accounts belonging to users under the age of 18 in the United States, United Kingdom, Canada, and Australia will become ‘Teen Accounts’ within 60 days and be set to private by default. Besides other new privacy settings and limitations, the new account type, called Teen Accounts, will only allow messages from users they follow or are already connected to. It will also put users in sleep mode between 10 p.m. and 7 a.m. to encourage sleep, and it will give users access to the most restrictive tier of the app's settings for viewing sensitive content. Also Read: Heartstopper Season 3: Check out trailer, cast, release date and where to watch

Covid XEC has been detected in Germany. It is spreading across Europe at the speed of light. This is a hybrid of Omicron subvariants KS.1.1 and KP.3.3. This may become a dominant strain by winter because of its unique mutations. Experts are advising to take vaccines and booster shots as a protective shield against severe illness.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Planning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age.

RINL) is struggling to tide over a financial crisis, Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said he would try his best to ensure that the state-owned steel plant is not privatised. Addressing a press conference here, he also cautioned the employees and trade unions of the Visakhapatnam Steel Plant to implement proper management policies and bring it out of the woods. Noting that it was he who got the RINL's debt restructured and paved way for smooth functioning during former Prime Minister Atal Bihari Vajpayee's regime, Naidu blamed the previous YSR Congress government for not taking the plant's health seriously. «The union and employees ( of RINL) have a responsibility to ensure smooth flow of operations and turn the loss-making project into a profitable one. While steel plants in the private sector are making profits, the management should think why a government undertaking has to face such a situation,» he said.

resignation letter to Lt Governor V K Saxena on Tuesday, will vacate his official bungalow in north Delhi's Civil Lines within a couple of weeks, a party functionary said. He said after leaving his official residence, Kejriwal and his family will stay in Delhi. A search for suitable accommodation for them is underway, the party functionary said. According to rules, Kejriwal has to vacate the official bungalow within a month of his resignation. While announcing his decision on Sunday to resign as the chief minister of Delhi, Kejriwal accused the BJP of «mudslinging and slandering» him day and night, and asked people to decide whether he was honest or not.

US industrial production surged in August as motor vehicle manufacturing bounced back after plummeting in July, the Federal Reserve said Tuesday, shortly before kicking off a two-day meeting on interest rates. Total industrial output exceeded expectations to rise by 0.8 percent last month from a revised 0.9 decline in July, the US central bank said in a statement, pinning much of the rise on «a recovery in the index of motor vehicles and parts.» The index «jumped nearly 10 percent in August after dropping roughly 9 percent in July,» it added. The July data was affected by the larger-than-expected impact of Hurricane Beryl.

interest rate cut and commentary, settling in the green for the second straight session. Nifty managed to end at a lifetime high of 25,418.55 on a closing basis. It was up by 34.80 points or 0.14% over Monday’s closing. Its 89.4-point trading range is the smallest in two weeks.

Red sea crisis and logistical challenges have severely impacted the country's exports in August, which contracted 9.3 per cent, according to exporters and experts. Think tank GTRI said the contraction of petroleum product exports' by 37.56 per cent to USD 5.95 billion in August is linked to the ongoing disruptions in the Red Sea. These exports were USD 9.54 billion in August 2023. «This dramatic decline has significantly impacted India's overall merchandise trade, leading to a 9.33 per cent reduction in August 2024 compared to the previous year,» Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

Road Transport and Highways Minister Nitin Gadkari on Tuesday came down heavily on agencies and contractors over ill-maintained roads, saying good operators would be awarded but bad ones would be «driven out of the system». «We will not spare you. We'll ensure that bank guarantees of those doing bad work are forfeited and after this, we will blacklist you, not allow you to apply for new tenders,» the minister said. His warning came after he noticed the bad maintenance of the Eastern Peripheral Expressway that he took to reach Ghaziabad to inaugurate a tree plantation drive 'Ek Ped Maa Ke Naam' under the 'Swachhata Hi Seva 2024 — Swabhav Swachhata — Sanskar Swachhata' campaign. During his address, the minister highlighted the strides in development made under the government, the ministry and the National Highway Authority of India, citing data, expenditures and the future vision for the sector.

Mariah Carey has led to significant debt, with her Manhattan home alone costing $18.6 million. In 1999, Carey paid $9 million for the property's first purchase. A substantial amount of the loans has been refinanced over time, with $10.6 million in cash advances included. She arranged a loan of $8 million with JPMorgan Chase in 2009. In 2015, she took out a second loan of $2.6 million from City National Bank. After being refinanced to $17.6 million in 2016, her loan with JPMorgan Chase climbed to $18.6 million by April 2018, as per the reports of Yahoo finance.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

In Nigeria and other countries in sub-Saharan Africa, many households have limited access to nutrient-rich foods due to rising costs and the impact of climate change on agriculture and food systems