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The Hyundai Santa Fe and Kia Sorento are two popular SUVs with a lot of similarities

mutual funds have managed to outperform their respective benchmarks in August. There were 29 large & mid cap funds in the said period, out of which 25 schemes outperformed their respective benchmarks. In other words, only four funds failed to beat their respective benchmarks. Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund offered 1.81% and 2.41% returns respectively against 1.06% by their benchmark (NIFTY LargeMidcap 250 — TRI).

On Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the third consecutive time, bringing it down to 4.25 per cent. Economists are predicting further interest rate cuts by the central bank for the remainder of the year and into 2025. Here’s what experts have to say about the impact of the cuts on Canada’s real estate markets:

₹71,112 crore for 2024-25. Out of this, poll-bound Maharashtra gets the highest amount of ₹19,023 crore. States ruled by all-important NDA allies Andhra Pradesh and Bihar get an allocation of ₹7,266 crore and ₹10,720 crore respectively.

Indian Space Station, Chandrayaan-4 plans ready for govt approval: Isro chairman Industry experts welcomed the move. Chaitanya Giri, fellow at think-tank Observer Research Foundation (ORF)’s Centre for Security, Strategy and Technology, said, “A collaborative move is good for India’s space startups.

“Very demure, very mindful” has become the latest vocabulary defining the internet’s summer

Mint. Mauritius Finance is the government-backed body that represents the country’s financial services sector. Last month, the Delhi High Court overturned an order of the Authority of Advance Rulings denying Tiger Global Management the benefits of the pre-2017 India-Mauritius Double Tax Avoidance Agreement (DTAA) on the capital gains made from selling its investments in Flipkart in 2018.

reading glasses. Mumbai-based Entod Pharmaceuticals announced the final approval for PresVu eye drops, with plans to launch the product in the domestic market in the first week of October.

NRI) who has filed an income tax return (ITR) while claiming relief for income tax and double taxation, it's important to follow additional procedures. Failure to do so could lead to rejection of your claim by the tax department. If your claim for double taxation relief is rejected, you'll be impacted in two ways. First, you'll have to pay income tax according to the laws of the foreign country where you're a resident. Second, you'll also have to pay income tax in India. To save NRIs from this trouble, the Indian government has signed a Double Tax Avoidance Agreement (DTAA) with more than 90 countries including USA, the UK, Korea and Taiwan.

Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections, cautioning that US GDP faces a hit in the case of a win for Donald Trump. “We estimate that if Trump wins in a sweep or with divided government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse” from maintaining most tax cuts, Goldman economists including Alec Phillips wrote in a note Tuesday. Gross domestic product would see a peak hit of 0.5 percentage point in the second half of next year in that scenario, with the effects abating in 2026, the Goldman team estimated. They assumed a 20 percentage-point hike in China tariffs under Trump, along with higher duties on auto imports from Mexico and the European Union, and a reduction in immigration that would slow growth in the labor force.

JM Financial | Previous close: ₹118.53 | Buying price: ₹118.53 | Target price: ₹125 | Stop loss: ₹114 D-Link (India) | Previous close: ₹661.75 | Buying price: ₹661.75 | Target price: ₹699 | Stop loss: ₹636 Garware Hi-Tech Films | Previous close: ₹3,521.55 | Buying price: ₹3,521.55 | Target price: ₹3,730 | Stop loss: ₹3,385 Bombay Burmah Trading Corporation | Previous close: ₹2,673.75 | Buying price: ₹2,673.75 | Target price: ₹2,815 | Stop loss: ₹2,580 Monarch Networth Capital | Previous close: ₹856.65 | Buying price: ₹856.65 | Target price: ₹905 | Stop loss: ₹825 Read all market-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.

Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex took a breather after days of relentless rally to settle flat in the previous session over profit-taking in metal, oil and information technology (IT) shares amid a lack of fresh triggers and weak global trends. Breaking its 10-day winning run, the 30-share BSE Sensex slipped 4.40 points or 0.01 per cent to settle at 82,555.44 in a range-bound trade. During the day, it dropped 159.08 points or 0.19 per cent to 82,400.76.

indicators like unemployment rates and inverted yield curves being commonly monitored. However, unconventional signs can also offer clues. Amid current financial uncertainty, both investors and consumers are wary of a potential recession. Despite the guidance of indicators such as the inverted yield curve and the SAHM Rule, which are currently flashing red, predictions about economic downturns have been imprecise recently.

Kamala Harris and Donald Trump are currently in a very close tussle during the US Presidential Polls 2024, and when the polls indeed happen, one will surely witness one of the closest battles ever. Some of the polls even suggest that Donald Trump would get a clear victory if the elections were held today itself.

Maharashtra government and Indian Navy trade charges over the collapse of Chhatrapati Shivaji Maharaj's statue in Sindhudurg on August 26, defence sources told ET that a detailed maintenance schedule was shared with state authorities for its general upkeep. According to the sources, the Navy handed over the statue to the Maharashtra government in April, but it suspects that periodic checks were not carried out by the authorities. «As per initial assessment, rusting happened at the joints near nuts and bolts. Had the maintenance schedule shared by the Navy been followed by local authorities, rusting could have been fixed and the statue might not have collapsed,» a source told ET.

US Presidential Elections 2024. Even though Kennedy is trying hard to get his name removed from the ballot, according to reports, he may still see his name feature in the Presidential Election ballots when the regions of Michigan, Wisconsin and North Carolina head to the US polls 2024. It is indeed tough to understand what adverse effects of this uncommon case may have on Donald Trump, but it may definitely see some votes going away from his side, probably of some who may have certain reservations on voting for him in the US Presidential Elections. Also Read: After the Starliner issue and planes falling from the sky, Boeing's next big problem — a strike by 32,000 workers

Tork Motors is looking to sell a stake to raise capital in a desperate bid to revive operations crippled by a sharp cut in government subsidies on electric vehicle sales and an overall funding squeeze. The Pune-based electric motorcycle startup--backed by Ratan Tata, Bharat Forge and Ola's Bhavish Aggarwal--has sent out buyout proposals to two-wheeler companies including Kinetic Green, Hero MotoCorp, and TVS Motor Company for the potential deal, said people familiar with the matter. These companies said they are studying the proposals and would decide shortly. The people cited above didn't disclose the amount of stake Tork Motors plans to sell. The company was last valued at $45 million, according to The Kredible and Entrackr.

The Bank of Canada is widely expected to continue cutting its benchmark interest rate tomorrow and at meetings to come, but how quickly the rate comes down is open to debate.

AU Small Finance Bank has formally made an application to the Reserve Bank of India for voluntary transition to universal bank, the bank announced Tuesday. «We wish to inform (you) that the bank has submitted an application to the Reserve Bank of India to seek approval for voluntary transition from a small finance bank to universal bank on September 03, 2024,» the bank said in a regulatory filing to the stock exchanges. Transition to universal banks would mean that AU would have to follow easier regulatory norms in certain aspects — its capital adequacy requirement would come down to around 11.5% (including capital conservation buffer) from 15%, the priority sector lending norm would be lower at 40% instead of 75%, and the stipulation of having at least 50% of loan portfolio in loans less than Rs 25 lakh would no longer exist.

Defence stocks have corrected by up to 30% in the past one month as investors look to book profits after multibagger rallies over the past one-and-half years. As a strategy, investors should stay away from bottom fishing at this time and the decision to invest in this sector should come only when the signs of reversal become apparent, experts recommend. In the Nifty Defence index, six stocks have seen their price erode in double digits with Cochin Shipyard remaining the top loser in the pack falling by 30% in the last one month. It is followed by Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders which have declined by 26% and 21%, respectively in the same period.

mutual funds have ruled the return chart in August. Mutual funds based on three defensives — pharma & healthcare, technology, and consumption — offered an average returns of 6.33%, 4.75%, and 2.97% respectively in the said period. Around 14 pharma & healthcare sector based mutual funds have been there in the said period. WOC Pharma and Healthcare Fund offered the highest return of around 9.37%, followed by UTI Healthcare Fund which gave 7.08% return in the same time period. Quant Healthcare Fund offered the lowest return of 5% in a similar time frame.