Experts Financial News

 'Barron's Roundtable' discusses reports that Gen Z members are aggressive about wanting to retire.

Electric vehicles (EVs) have become popular because of several reasons, including zero tailpipe emission, which reduces pollution, and gives better fuel efficiency, which keeps customers’ expenses down. According to the latest Vahan data, EV sales stood at 178,948 units in July, marking a strong year-on-year increase of 53%. This is also the second-best performing month for EV sales in the calendar year to date, after March of FY2024 at 213,036 units, showing buoyant interest among buyers. However, EVs have also been in the news every now and then for catching fires and other problems. These raise significant concerns about the trustworthiness of EV technology, depressing its growth in India.

PB Fintech, the parent company of Policybazaar, on Thursday, jumped 3.5% on BSE to its day’s high of Rs 1,796.55 after the company witnessed a likely stake sale of 2.1% equity at an estimated price of Rs 1,610 crore via a block deal. Reportedly, the seller in the transaction is Chinese multinational technology conglomerate Tencent. However, the official parties to the transaction are not currently known yet.

Breakout stocks to buy or sell: Following a rally in the US stock market, the Indian stock market ended higher for the tenth straight session on Wednesday. The Nifty 50 index climbed to a new peak of 25,129.60, finished 34 points, and closed at 25,052. The BSE Sensex added 73 points and closed at 81,785, whereas the Bank Nifty index ended 134 points lower at 51,143.

verticals into three new verticals — mobility, sustainability and tech – L&T Technology Services (LTTS) told analysts on Tuesday that it aspires to grow each vertical into a $1 billion vertical. Motilal Oswal said in a note, “For context, annualized revenues from mobility, sustainability, and tech stand at $416 million, $354 million and $411 million, respectively.” It said while it was encouraged by the IT engineering services firm’s ambition, the company had not specified a time frame for achieving its target.

Buy or sell stocks today: The Indian stock market indices, Sensex and Nifty 50, hit fresh record highs on Wednesday, August 28. The trading session marked the 10th successive day of Nifty closing in gains.

Car-buying mistakes are easy to make, especially if you’re in a hurry or have fallen in love with a particular vehicle

Himachal Pradesh has been experiencing heavy rainfall over the past 24 hours, which has caused significant disruption in the hill resort town of Shimla. The downpour has resulted in several trees being uprooted, due to which the Information and Public Relations Office at Chhota Shimla sustained partial damage because of a tree falling over it. According to the local weather centre in Shimla, the region has recorded 41 mm of rainfall during this period.

Pavel Durov's Telegram application. Before the app adopted a more assertive stance against content associated with terrorism, especially after the fatal terror attack on London Bridge in 2019, Islamic State groups were using it as their preferred platform. Experts caution that propaganda still thrives there. Some hail the billionaire co-founder of Telegram, the ultra-secure messaging app with over 900 million users, as an anti-authoritarian hero and free speech advocate who bravely faced down Vladimir Putin. Others view him as a dishonest and careless tech magnate who has built a system that allows illegal activity to go unpunished. It appears that French authorities belong to the latter group. Durov was detained on Saturday upon his arrival at Le Bourget airport, which is close to Paris, following his private jet journey from Baku, Azerbaijan. Also Read: Monsters: The Lyle and Erik Menendez Story: Everything we know so far

Uttarakhand's Om Parvat last week, sparking concerns among visitors and experts alike. The phenomenon, attributed to scanty rainfall and snowfall in the upper Himalayan region over the past five years, rising vehicular pollution, and global warming, left the iconic peak bare. However, a snowfall on Monday night brought back snow to the revered site.

lacklustre on Tuesday, August 27, as optimism about the start of the US rate cut cycle was clouded by persisting geopolitical tensions in the Middle East. Benchmark Nifty 50 closed at 25,017.75, up 7 points, or 0.03 per cent, while the Sensex settled 14 points, or 0.02 per cent, up at 81,711.76. However, the mid-and small-cap indices on the BSE rose about half a per cent each, lifting the overall market capitalisation of firms listed on the BSE to a record ₹463 lakh crore.

mutual funds. According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky. Even a minor upward movement in interest rates could make these schemes extremely risky and volatile. In simple terms, investors might lose money in such a scenario. That explains why advisors do not speak about these schemes often. Needless to say investors should be extremely cautious about these schemes in the current scenario. Long term debt schemes are extremely sensitive to interest rate changes. They lose money when interest rates go up. When rates are falling, they benefit the most. According to investment experts, when one invests for a long period in debt instruments, the investor is forced to go through an interest cycle that would have an upward and downward phase. This means the investor might see a lot of volatility and sometimes losses when the interest rates start hardening or going up. Needless to say, the opposite scenario might benefit investors.

IG Petrochemicals and 7 other companies are expected to be in focus today as they have set August 29 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.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Three of the nation's largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for "cash back" at check-out, amounting to more than $90 million a year, according to the Consumer Financial Protection Bureau.

Anthony Fauci, the former top U.S. infectious disease expert, spent time in the hospital after being infected with West Nile virus and is now recovering at home, a spokesperson confirmed Saturday. Fauci is expected to make a full recovery, the spokesperson said on condition of anonymity due to security concerns. West Nile virus is commonly spread through the bite of an infected mosquito. While most people don't experience symptoms, about 1 in 5 can develop a fever, headache, body aches, vomiting, diarrhea, or rash, according to the Centers for Disease Control and Prevention. About 1 out of 150 infected people develop a serious, sometimes fatal, illness.

Biden-Harris administration has provoked controversy by advocating for diversity, equality, and inclusion (DEI) in federal agencies, such as NASA. According to scientists, limiting funding to DEI standards could compromise US scientific leadership and endanger national security, as per the reports of Fox News.

Breakout stocks to buy or sell: Following strong global market sentiments on the US Fed rate cut buzz, the Indian stock market finished on a higher note on Monday. The Nifty 50 index regained the psychological 25,000 peak and ended at 25,010. The BSE Sensex surged 611 points and closed at 81,698, while the Bank Nifty index finished 214 points higher at 51,148.

Ottawa should reverse a controversial decision to stop issuing real return bonds and instead expand the program, diversify lending terms to help finance the national debt and provide access to the inflation-indexed asset class that is very much in demand by the country’s largest pensions, according to a new report from the C.D. Howe Institute.

The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages

In the budget for 2024-25, Union finance minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act, aiming to make it concise, lucid and easier to understand.