Experts Financial News

Rekha Jhunjhunwala has trimmed her stake in midcap counter CRISIL by 8 bps in the June ended quarter at 5.36% from 5.44% in the March quarter. Meanwhile, Ashish Kacholia has raised his holding in smallcap stock Brand Concepts by 6 bps to 1.62% in the June quarter versus 1.56% in the previous three-month period. Jhunjhunwala’s stake cut in CRISIL comes on the back of a lackluster show by the counter. In the last one year, it has returned 13% underperforming Nifty whose returns are to the tune of 25% in the said period. On a year-to-date basis, CRISIL shares have returned less than 1%.

Taylor Swift's European tour was top of mind for Nikita Rao when planning where to go for her family's annual summer vacation.

Mint spoke with industry experts for their recommendations on what Sitharaman, in her second term as India's finance minister, could include in her full-year budget for FY25 next month.The Union government in its interim budget allocated ₹90,171 crore to the health sector for the financial year 2024-25, up from ₹79,221 crore in FY24. But the industry still feels this is low.“The National Health Policy has proposed an increase in public expenditure on healthcare to 2.5% of GDP by 2025.

The U.S. Justice Department plans to propose that Boeing plead guilty to criminal fraud in connection with two deadly plane crashes involving its 737 Max jetliners

artificial intelligence to enhance its processes across the project life cycle, company's chairman and managing director S N Subrahmanyan said on Thursday. To fuel this innovation, the company has launched a collaborative platform connecting aspiring data scientists with domain experts and technology champions to develop cutting-edge, future-proof solutions, Subrahmanyan said during 79th Annual General Meeting. «Generative artificial intelligence (GenAI) has emerged as a game-changer, and the company is leveraging its power to enhance its processes across the project life cycle — from tendering to contract management to design, execution, and operation & amp;maintenance,» he said.

The most notable thing about the annual Mercosur summit kicking off in Paraguay is an absence — that of Argentine President Javier Milei

Meta has rolled out the Meta AI personal assistant across all its platforms — WhatsApp, Facebook and Instagram. It offers text and image generation capabilities, which will help users in increasing productivity and be more efficient besides aiding creative assistance. The Meta AI chatbot, which is powered by the latest Llama 3 model, was announced by company’s chief executive Mark Zuckerberg back in September 2023. Experts say that the Meta assistant may have a deeper reach than other personal AI assistants such as the Microsoft Copilot, OpenAI’s ChatGPT or Google’s Gemini, given its direct integration inside social media platforms. The tool may find a much wider reach, especially in India, the largest market for Meta, and includes 314.6 million users of Facebook, 350 million of Instagram as well as 480 million on WhatsApp.

California lawmakers have advanced a bill that would regulate powerful artificial intelligence systems

Bengaluru: For the first National Space Day, which will fall on August 23, to commemorate the safe landing of the Vikram Lander near the southern polar region of the moon, the Indian Space Research Organisation (ISRO) will be organising Bharatiya Antariksh Hackathon. Following the Vikram landing, Prime Minister Narendra Modi had announced that «National Space Day» will be celebrated on August 23 every year. Announcing the hackathon on July 4, chairman of ISRO, S Somanath said 12 problem statements in the areas of geospatial domain, space science, image processing, and AI/ML areas are identified for the hackathon and declared open for undergraduate/ postgraduate/PhD students across the country.

Vast swathes of Indonesia’s old-growth forests are left undeveloped for years after they're felled

Delta Flight 604 catches fire after landing at Seattle-Tacoma International Airport on Monday, May 6. (Credit: Port of Seattle/SEA Airport/LOCAL NEWS X/TMX)

Gunaah that released in June was also free for mobile users and another title Commander Karan Saxena, is slated for early July. Entertainment industry experts say original AVoD shows can be three to four times cheaper as compared to SVoD shows. The former, an emerging category, is also providing opportunities for newer talent and production houses at a time when premium SVoD shows are only being commissioned when mainstream film studios are at the helm of affairs.

MUMBAI : Mumbai: The Reserve Bank of India’s decision to curtail trading in exchange-traded currency derivatives has surfaced an unintended beneficiary some 4,000 km away—the Singapore Exchange, or SGX. Volumes of rupee-dollar futures on the Singapore Exchange have surged since RBI’s restriction—which came into effect on 3 May—crimped volumes on India’s National Stock Exchange. NSE had enjoyed a 94% share in India’s exchange-traded currency derivatives segment.

income below Rs 50 lakh then you might be eligible to file, the simpler ITR-1 form abbreviated as Sahaj. This form does not require much information to be filled in as compared to other income tax return (ITR) forms like 2, 3, etc. You can file it conveniently if you have a basic understanding of the various types of income sources. However, not all salaried individuals can file their tax returns using the ITR-1 form. If you had conducted certain transactions in FY 2023-24 (AY 2024-25), then you might be ineligible to use ITR-1.

Experts are optimistic about the sector’s long-term prospects, given the substantial investment and demand anticipated in the coming years. “The focus on modernising and upgrading defence systems, along with geopolitical tensions with neighbouring countries like China and Pakistan, means that the defence expenditure will continue to grow,” says Abhinav Kapadia, Research Analyst, Asit C. Mehta Investment Intermediates. “The growth is not just momentary. The sector has significant potential for future growth. The large order books of companies and the government favouring import substitution provide a strong foundation for sustained growth,” says Nirav Karkera,Head of Research, Fisdom. According to the Nomura report, the sector is expected to present an ordering opportunity worth $138 billion over the fiscal years 2024 and 2032. The report also classifies Hindustan Aeronautics Limited and Bharat Electronics as strong buys with an upside potential of 28% and 32%, respectively.

4th of July sales approach in a matter of 48 hours and shopping freaks cannot stay calm as the plethora of categories the sales will cover will indeed save big bucks for consumers this year. The 4th of July sales are of another significant importance as they arrive on the occasion of the US Independence Day, which is a federal holiday, giving US-based shopaholics leisure to scroll through all deals and offers throughout the day before finalizing their purchase. However, experts, according to an NBC News report, are of the opinion that one must wait for the Amazon Prime Day 2024 sales before making purchases of some specific categories.

The new criminal laws replace the Indian Penal Code of 1860, the 1973 Code of Criminal Procedure and the Indian Evidence Act of 1872, and came into effect last week. Here are the key new provisions:

brands endorsed by top Indian cricketers is likely to swell after the historic victory at the ICC Men's T20 World Cup as the deals that were being negotiated will get fast-tracked, said sports marketing experts. India's leading sports marketing agency, Rise Worldwide, which manages Rohit Sharma, Jasprit Bumrah, Suryakumar Yadav, and Hardik Pandya, had signed about 10 endorsement deals before the T20 World Cup and is expecting the numbers to go up in the coming days. Between the four cricketers, they endorse 89 brands across 35-40 categories. Audio, wearables, nutrition, insurance, automobiles, grooming, home decor, and fitness apps are some of the major categories that Rise is focusing on. «What this result (the T20 World Cup win) does is fast-track a lot of deals that were being negotiated,» said Rise Worldwide head Nikhil Bardia, adding that the value of the deals will be determined by market dynamics and the brand that the cricketers create for themselves.

Deloitte survey shows. “Automotive OEMs are projecting the highest salary increments across all sectors in 2024, which is 100-140 basis points (or, 1-1.4 percentage points) above India average of 9.0%-9.5%,” said Neelesh Gupta, partner at Deloitte India. Most organisations that follow the April to March fiscal cycle hand out salary increments during April to July. About 84% of the companies surveyed by Deloitte have already doled out this year’s increment.

Budget Expectations: Finance minister Nirmala Sitharaman concluded her customary stakeholder consultations for the Union Budget, meeting more than 120 invitees across 10 stakeholder groups over two weeks till Friday to gather their inputs. Participants included representatives, economists and experts from industry, agriculture, trade unions, education, health, employment & skilling, MSME, trade & services, financial sector and capital markets, infrastructure, energy and urban sector, the finance ministry said in a statement on Sunday. The full Budget for FY25 will be presented on July 23.

index heavyweight HDFC Bank following a likely increase in its MSCI weightage. Sensex jumped over 570 points to cross the 80,000 level for the first time ever. The 50-componenet Nifty was on the verge of breaking above the 24,300 mark.