Experts Financial News

Canara Bank shares surged 4.6% to the day’s high of Rs 118.40 on BSE in Wednesday’s trade as the board’s decision to split the stock in 1:5 ratio came into effect today. For each share equivalent to a face value of Rs 10, the investors were to receive 5 shares of face value of Rs 2 per share.

₹920. On BSE, TBO Tek share price today opened at ₹1,380 apiece, up 50% than the issue price. Market experts anticipated TBO Tek share price to open in the range of ₹1,360 to ₹1,400 per share.

₹150, which is 61.29% higher than the issue price of ₹93. However, after a positive debut, the stock was locked in 5% lower circuit. TGIF Agribusiness IPO opened for subscription on Wednesday, May 8, and closed on Friday, May 10.

₹1,176.59 crore from anchor investors on Tuesday, May 14. The company issued 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share, as per the exchange filing.

MSCI May 2024 rejig: In its May 2024 review, MSCI has added 13 stocks, including Canara Bank, JSW Energy, NHPC, Indus Towers, and Phoenix Mills, to its Global Standard Index, according to data provided by Nuvama Alternative and Quantitative Research. PB Fintech, Sundaram Finance, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma and Thermax were the other stocks that were included in the index. This inclusion signals healthy capital inflow into their shares.

Aadhar Housing Finance IPO: The listing date of the initial public offering (IPO) of Aadhar Housing Finance Limited has been fixed on May 15 2024, i.e. today.

With AAP pitting 'Kejriwal ki guarantee' against 'Modi ki guarantee', 'Congress ki guarantee' is caught between the two. Congress believes that the patent for coining pre-poll 'guarantees' rests with it as it first chanted the mantra during Karnataka elections and then in Telangana polls. Congress spokespersons maintain that BJP and PM aped the party's word play by coining 'Modi ki guarantee', but it finds itself in a piquant situation with 'Kejriwal ki guarantee' as AAP is a sensitive ally. It can't endorse it either as it risks eclipsing Congress' own 'guarantees'. While some Delhi Congress leaders are wondering how to streamline the alliance with AAP and the two, yet competing, guarantees, a little bird says at least two Congress LS candidates in Delhi are raring to chant 'Kejriwal ki guarantee'. Experiencing Choppy Ride

Canadians shopping for a new vehicle this spring and summer might find a bit of relief from recent years of tight supply and high prices.

Delhi-NCR's red-hot real estate market, even a ₹5 crore budget may not guarantee a home in a brand-new project of a reputed developer in a prime locality. With homes priced at ₹6 crore and above getting sold out within hours of launch, developers are not keen on launching smaller sized apartments, forcing end users to wait for the current uptick in the market to stabilise. The trend is also worrying industry experts as it is giving rise to speculative buying which might eventually cause a bubble in the property market. «In the last 18 months, prices have almost doubled in the majority of the micro-markets in NCR and developers are also not launching smaller sized apartments. Both the factors have taken away the opportunity for middle class buyers to own a home in the current situation. While the per sq ft prices may not come down, developers may have to reduce size to offer something in below ₹5 crore category,» said an industry expert.

tech job market and vanilla coding skills going out of vogue, demand for software engineers trained in emerging technologies is on the rise, industry experts said. An estimated 9-10 lakh additional jobs for skilled engineers will be created in the next 18 months to keep pace with the escalating demand amid rapid digitisation across tech and non-tech sectors, according to data from staffing company Teamlease Digital.

The U.S. government has a specialized plane loaded with advanced sensors that the EPA brags is always ready to deploy within an hour of any kind of chemical disaster

₹49 crore for the March quarter of the last financial year (Q4FY24). The company reported a one-time loss of ₹42.3 crore. The company had reported a profit of ₹60 crore in the same quarter last year, while in the December quarter of FY24, the company's profit was ₹5 crore.

Coforge was the top loser in the IT space in 2024 YTD, down 28 percent, followed by LTIMindtree, down 26.5 percent. Meanwhile, other mid-cap IT stocks, Mphasis, L&T Tech, Persistent Systems also shed 17 percent, 14 percent and 8.6 percent, respectively. Among largecaps, HCL Tech fell the most, over 10 percent, while, Infosys, Wipro, and Tech Mahindra lost 7.8 percent, 3.5 percent, and 1 percent, respectively.

Stocks to buy: In the aftermath of the recent downturn in the Indian stock market, many quality stocks, despite their strong fundamental and technical perspectives, experienced profit-booking. This situation presents an opportunity for investors, as these stocks are expected to generate alpha returns when the Indian stock market bottoms out.

Retail inflation eases slightly in April, food inflation rises While the CPI inflation remains above the Reserve Bank of India’s target of 4 per cent, it has been within the central bank's tolerance range of 2-6 per cent for the eighth consecutive month. In July and August last year, retail inflation prints had come to 7.44 per cent and 6.83 per cent, respectively. India's retail inflation has been easing since December 2023, when it rose 5.69 per cent.

₹239 crore from Southern Railway on Monday. Rail Vikas Nigam Ltd (RVNL) said in an exchange filing that it has got an order to provide an automatic block signalling system from Jolarpettai Junction to Erode Junction of the Salem Division of the Southern Railway. The order is to be executed within 12 months.

Lok Sabha election 2024: India VIX, also known as the Indian Volatility Index, is a measure of the market's expectation of volatility over the near term. Today, it continued its uptrend and touched a new 52-week high of 21.88.

Varun Beverages share price jumped over 5 per cent in morning trade on BSE on Tuesday, May 14, buoyed by the company's impressive March quarter (Q1) earnings. Varun Beverages share price opened at ₹1498.15 against its previous close of ₹1477.80 and jumped 5.5 per cent to the level of ₹1558.45. Around 9:45 am, Varun Beverages share price traded 3.13 per cent higher at ₹1,524 apiece.

Selecting the incorrect form: One of the most common mistakes people make is choosing the incorrect form to file their taxes. Each form is tailored to a certain sort of income and taxpayer profile, and using the incorrect form might result in mistakes and processing delays. CA expert advises taxpayers to thoroughly analyse the qualifying conditions for each form and seek professional advice if confused.Also Read: Income tax return (ITR) filing 2024: How to show accrued interest on bank fixed deposits (FDs)? Proper treatment of F&O transactions: Futures and options (F&O) transactions can be complicated, particularly in terms of tax treatment.

Stoks to buy today: After weak opening during morning deals, the Indian stock market witnessed sharp recovery on Monday. All frontline indices ended higher whereas the broad market indices witnessed sharp upswing from the intraday low. The mid-cap index finished 0.36 percent higher whereas the small-cap index recovered 800 points from the intraday low.

South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.