Experts Financial News

Economic Survey 2024: Farmers should move to high-value agriculture to increase income “We need to reimagine the role of agriculture in the economy. In field crops, which are grown on 94% of our land, growth hasn’t even been 2%. So, the segment that is driving growth is not benefitting all farmers.

Floriana Lima will appear in Season 21 of Grey’s Anatomy in a recurring role. She will portray Nora, a character connected to Owen and Megan Hunt. The new season begins on September 26.

Nvidia is going through an epic nosedive, having lost nearly $470 billion last week. However, there are still chances that the company will rise through the ashes, once its AI chip is on the market. There are also rumors that the stock price is being driven down with a motive to earn profits after its one-of-a-kind artificial intelligence-enabled chip is launched into the markets, which will make the company's stock rally upwards.

Volkswagen gave IG Metall notice on Tuesday it was scrapping a range of labour agreements including a guarantee of jobs until 2029 at six German plants, the union said. Europe's top carmaker is cancelling the decades-old employment guarantees as part of cost-cutting drive that has triggered a showdown with workers as Volkswagen struggles to compete against cheaper Asian rivals. «These cancellations arrived seconds ago,» IG Metall said in an emailed statement.

This issuance comes at a time when banks have been aggressively mobilising capital through debt markets this year as credit growth remains much higher than deposit growth. Banks and financial institutions raise money through infrastructure bonds to finance long-term infrastructure projects. Indian Bank plans to raise funds for refinancing purposes.

Competition Comission of India on Tuesday announced that it had approved the merger of Tata Motor Finance with Tata Capital. The merger, announced in June, will see Tata Capital issue its equity shares to the shareholders of Tata Motor Finance resulting in Tata Motors effectively holding a 4.7% stake in the merged entity. «CCI approves the proposed merger of Tata Motors Finance Limited with and into Tata Capital Limited,» the industry body posted on X. In a filing to the exchanges on June 4, Tata Motors said that the Board of Directors of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motor Finance with Tata Capital through an NCLT scheme of arrangement.

Honda Motorcycle & Scooter India is looking to enter the electric vehicle segment this fiscal and eyes one-third of its overall sales to accrue from the segment by 2030. Speaking to reporters on the sidelines of 64th SIAM annual session here, HMSI Director (Sales and Marketing) Yogesh Mathur said the company will be entering the EV segment this fiscal. He noted that the contribution of electric two-wheelers in overall two-wheeler sales was continuing to grow. «And what we understand is that by 2030 there will be a major shift towards EVs and we have announced that by 2030 in our lineup also..one-third at least will be coming only from EV models,» Mathur said.

DoT) has simplified the approval process for issuance of experimental and demonstration licenses with introduction of fixed timelines. Further, companies will be able to get approvals for license-exempt wireless devices on a self-certification basis. The changes are part of DoT’s efforts to enhance ease of doing business in the telecom sector with an aim to reduce delays and simplify regulatory requirements. The changes have been incorporated based on the recommendations of Telecom Regulatory Authority of India (Trai). As per the latest rules, for experimental licenses (radiating category), the license will be deemed issued after 30 days of application if no decision is conveyed for cases where no inter-ministerial consultation is needed. In cases requiring inter-ministerial consultation, the DoT will seek comments within seven days of receiving a complete application. If no comments are received, a provisional license will be granted after 60 days, which will be converted to a regular license after 90 days, provided there are no adverse comments.

capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to Rs 84,500 per kilogram from Rs 83,800 per kg in the previous close, according to the All India Sarafa Association.

Remote jobs can open doors to several lucrative and rewarding opportunities for those who do not want to commute long distances every day, want to wear multiple hats and cannot confine themselves to an office setup.

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

Bajaj Housing Finance is getting strong response from investors as the issue sailed through on the first day of bidding. As the demand for the IPO increases, the chances of getting an allotment under the retail category might be less. However, investors looking to maximise their opportunity to secure an allotment can apply under a special quota, which is the shareholders category.

IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama Institutional equities. Nifty IT index was the second best performing sector today (behind Media) in terms of percentage gains at 2.3% or 980 points with all 10 stocks trading in the green.

Andhra Papers announced September 11 as the record date for its 1:5 stock split, which means that the stock will trade on an ex-split basis from tomorrow. Shareholders whose names appear in the company's database on the record date are eligible for the said stock split.

Shree Cements Ltd. traded 0.35 per cent up at Rs 25870.0 on Tuesday at around 11:36AM (IST), while the benchmark BSE Sensex advanced 193.27 points to 81752.81. As many as 592 shares changed hands on the counter with a total value of Rs 1.52 crore.

Adani Power Ltd. gained 0.96 per cent to Rs 641.65 at 12:38PM (IST) in Tuesday's trade. The counter hit a high of Rs 641.9 and low of Rs 634.2 so far during the session. The stock had closed at Rs 635.5 in the previous session. The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 13.87 crore on BSE. The stock traded at a price-to-earnings multiple of 15.43 and a price-to-book ratio of 5.78.

Vedanta Ltd. traded 0.45 per cent higher in Tuesday's session at 12:42PM (IST). The stock opened at Rs 439.45 and has touched an intraday high and low of Rs 443.3 and Rs 436.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 506.85 and a 52-week low of 207.85. About 378,911 shares changed hands on the counter so far.

On the BSE, Samrat Forgings(down 10.94 per cent), Kansal Fibres(down 9.99 per cent), India Lease Dev(down 9.98 per cent), Amco India(down 9.35 per cent) and Adroit Infotech (down 8.02 per cent) were among the stocks that plunged over 5 per cent during the session.

At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue size of 72,75,75,756 shares. The retail portion of the issue was subscribed 2.37 times, and the non-institutional category's subscription rate stood at 6.82 times. The allocation for qualified institutional bidders was booked 1.08 times.

mutual funds, which come with a 3-year-locking period, are also wondering if it is the right time to start trimming their portfolio in a gradual manner.

Apple prices have crashed by almost 50% in a month as the arrival of the produce from the higher reaches of Himachal Pradesh has increased, while the harvest of Kashmir apples is about to begin. Duty-free import of apples from Afghanistan, which will increase in a few weeks, will also influence the price trends in the coming weeks, said experts.