Experts Financial News

Lounge story titled, Is There A Perfect Way To Stretch?This piece is about whether those 90-120 seconds which we take to catch our breath between sets, might also be a good time to ease the muscles before using them again. One of the most cited researches on this was published in the Journal Of Strength And Conditioningfive years ago. Titled, Interset Stretching Vs. Traditional Strength Training: Effects on Muscle Strength and Size in Untrained Individuals, the study concluded that the interset stretching group gained more muscle mass than the group which did not stretch between sets.

Reliance earnings because what we are gauging from our experts is that the Street will start looking beyond this time's numbers. Though the O2C has been the biggest drag this time, do you believe that the street will start pencilling in that it could improve in the times ahead and the stock price could have some breather on the back of this? Deven Choksey: Minus the refining cracks where probably the maximum amount of hurt has come on the EBITDA, I guess the numbers are a steady set of numbers. Generally, in the commodity-driven business, and overall, refining cracks have been down, this is bound to happen that you are on a larger base likely to see some dent in the EBITDA. But I do not think that this is going to be a permanent feature.

Foreign Portfolio Investors (FPIs) have bought Indian equities worth Rs 30,772 crore so far in July, continuing their shopping spree. The total investments by them stand at Rs 33,973 crore in 2024 so far. In June, the FPIs had bought Indian shares worth Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore, respectively. In February and March too they were net buyers at Rs 1,539 crore and Rs 35,098 crore, respectively, after starting the year on a negative note in January, when they offloaded shares worth Rs 25,744 crore.

Canada’s auto theft problem might be showing signs of easing, but drivers are likely to continue feeling the pinch on their insurance premiums, experts tell Global News.

income tax systems work more reliably, the Central Board of Direct Taxes (CBDT) has awarded the Taxnet 2.0 project to Bharti Airtel. As per a press release by CBDT on July 19, 2024, this collaboration with Airtel is aimed at providing network connectivity, facility management services, and video conferencing solutions to the Income Tax Department. Experts say that this project can make the e-filing ITR portal work faster, as currently it is plagued with various network-related glitches and issues. «Recently many taxpayers faced issues while using the online facility for ITR filing as opening each page of the tab was taking substantial time. We can expect that in the next season of ITR, taxpayers may find the e-filing portal's interface to load at a faster speed,» says Mihir Tanna, Associate Director-Direct tax, S.K Patodia & Associates LLP.

Supreme Court seeking directions to the Centre and states for taking appropriate steps to eradicate the menace of superstition, sorcery and other similar practices. The plea says a strict anti-superstition and sorcery law is urgently needed to do away with the unscientific acts prevalent in the society that adversely impact the community and also to prevent fake seers from exploiting innocent people. The petition, filed by advocate Ashwini Kumar Upadhyay, has also sought directions to the Centre and states for taking steps to develop a scientific temper, humanism and the spirit of inquiry and reform among the citizens in the spirit of Article 51A of the Constitution, which deals with fundamental duties. «Petitioner is filing this writ petition as PIL under Article 32 seeking appropriate writ, order or direction to Centre and states to take appropriate steps to control superstition and sorcery in order to secure the fundamental rights guaranteed under Articles 14, 21, 25 of the Constitution,» the plea, filed through advocate Ashwani Kumar Dubey, says.

YES Bank Q1 Results Live Updates: Private lender Yes Bank is set to report its first quarter earnings reports for financial year FY24-25 (Q1FY25) today, on July 20. Market experts estimate good numbers are driven by the Bank's asset quality improvement, as per our earnings preview.At least nine companies are set to announce their Q1FY25 financial results today, on Saturday, July 20.

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed. The latest version of its Falcon Sensor software was meant make CrowdStrike clients' systems more secure against hacking by updating the threats it defends against. But faulty code in the update files resulted in one of the most widespread tech outages in recent years for companies using Microsoft's Windows operating system.

Wipro's American Depository Receipts (ADRs) fell nearly 12% on Friday to hit the day's low of $6.08 on the New York Stock Exchange after the company reported a 4% decline in its June quarter revenue at Rs 21,964 crore over Rs 22,831 crore reported in the year-ago period. It was also below Street's estimates of Rs 22,258 crore. The IT major reported a consolidated net profit of Rs 3,003 crore (attributable to the equity holders) for the quarter ended June 30, 2024, up by 4.6% over Rs 2,870 crore reported by the company in the year-ago period. Wipro's PAT figure was above Street’s estimates of Rs 2,993 crore.

The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years.

skilling is key to equip locals to meet evolving industry demands as employment is based on merit and not domicile. HR experts believe implementing a legislation like the job-for-locals bill would pose significant challenges for businesses in talent acquisition, compliance costs and stressed on the importance of skilling to equip individuals with future-proof skillsets. The Karnataka government on July 15, tabled the Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, in state assembly. The Bill, which mandated factory or other establishments to appoint 50 per cent of local candidates in management categories and 70 per cent in non-management categories, has been temporarily put on hold.

MUMBAI: Many dream of working or studying abroad, but what happens when they decide to return home? Navigating the financial maze of starting afresh can be challenging.

Radhakishan Damani’s portfolio stock VST Industries rallied 17% to its new all-time high of Rs 4,829.95 after the company announced that it will consider issuing bonus shares in its upcoming board meeting. “It is hereby informed that the Board of Directors of the Company may consider the issue of Bonus Shares in the aforesaid Board Meeting,” said the company filing to the stock exchanges.

commercial property or to sell it and invest the proceeds in mutual funds and stocks for potentially higher returns. Madhu R, a 33-year-old investor with a risk appetite, purchased a commercial property for 60 lakh 2 years ago with a Rs 30 lakh home loan. The monthly EMI is Rs 29,647, while the rental income from the property is Rs 13,500. With the property value now at 85 lakh, Madhu is considering selling it to invest in mutual funds and stocks, aiming for better long-term returns and the potential to save on EMI payments.

Currently, income above Rs 15 lakh attracts a tax rate of 30% under both regimes. This, coupled with the removal of most exemptions and deductions in the new regime, results in a higher effective tax burden for this segment of taxpayers. As such, there is a growing consensus among taxpayers in this bracket that the current tax rates do not adequately reflect the complexities and expenses associated with inflation and higher incomes. Consequently, taxpayers have the following expectations from the coming budget 2024 on July 23, 2024.

Happy Forgings and Exide Industries, among other companies, have declared dividends for their eligible shareholders, with the record date set as July 22. This means that today is the last day to buy the shares of these companies' shares to qualify for the dividends announced.

«This is the best growth they have achieved in several quarters, at least if not for all the quarters, at least for the first quarter start of the year, so this is a great number that they have reported. But I have not seen what their guidance is actually for the year ahead,» says Mahantesh Sabarad, Independent Market Expert. Is it just me who is pleasantly surprised with the numbers or is it you as well who is giving me company here? Mahantesh Sabarad: Yes, I think the top line growth of 2.5% constant currency YoY growth and 3.6% quarter-on-quarter is a great surprise because if I am right 3.6% constant currency quarter-on-quarter growth has not been achieved for the past six-seven quarters. This is the best growth they have achieved in several quarters, at least if not for all the quarters, at least for the first quarter start of the year, so these are great numbers that they have reported.

Joe Biden's re-election campaign has a massive bank account that could benefit an alternative candidate if he dropped his White House bid, but campaign finance rules limit how that cash could be spent. The 81-year-old Democrat is facing pressure to fold his campaign after a disastrous debate against Republican challenger Donald Trump raised questions about his acuity and ability to serve another four-year term if re-elected. HOW MUCH MONEY DOES BIDEN HAVE? Biden's campaign reported to the Federal Election Commission last month that it had $91 million in the bank at the end of May, a significant sum though less than the $116 million the Trump campaign told the FEC it had in the bank. Both campaigns are due on Saturday to disclose updated financial figures through June.

Fibr, an artificial intelligence-powered personalisation platform, has raised $1.8 million in a funding round led by Accel. The round also saw participation from 2am VC and angel investors such as Cred founder Kunal Shah. Fibr will use the funds for enhancing its AI personalisation platform, expanding its customer base, and hiring talent including engineers, product marketers and sales and go-to-market (GTM) experts, top officials said.

New Delhi: The regulatory scrutiny on beneficial ownership of companies is increasing with the Registrars of Companies (RoCs) issuing adjudicatory orders on as many as 20 companies since the beginning of May, suggesting that the authorities are getting stricter about disclosures of who is controlling corporate operations. If the orders issued since beginning of the year are taken into account, the figure goes up to 27. In all but three cases, penalties were imposed and in these three cases, the submissions made by the companies were accepted, showed the regulatory orders available from the ministry of corporate affairs.

Atlantis, yet conversations concerning sunken cities are usually dominated by the fabled Atlantis. As per the reports of MSN, Geologist Folkion Negris discovered this city, known as Pavlopetri, off the coast of Greece in 1904. It is estimated to be approximately 5,000 years old. Even though Pavlopetri was found early, it was not thoroughly investigated until 1967. The site was discovered that year under the direction of Nicholas Flemming from the University of Southampton's Institute of Oceanography. Flemming and his colleagues, accompanied by University of Cambridge archaeologists, surveyed the underwater metropolis for six weeks.