Experts Financial News

Indonesian Defence Minister Prabowo Subianto as the next president augurs well for Jakarta’s strategic partnership with New Delhi, given that he has shown keen interest in India’s defence capabilities and social security schemes, according to experts. Subianto had contested the presidential polls in 2014 and 2019, but never won. This time round, the 72-year-old former Special Forces commander has cornered enough votes to be sworn in as the next President of Indonesia.

Mint delves into the nuances of the Supreme Court's ruling, its impact on the political contributions of loss-making companies, and the broader ramifications on corporate-political party dynamics. While there is no clear legal definition, the determination of a loss-making company can be inferred from Schedule III of the Companies Act, 2013.

India’s power consumption increased 7.5 per cent on-year to 1354.97 billion units (BU) in the April-January period of this financial year, indicating an uptick in economic activities across the country.

Biden vs Trump: The lineup in the 2024 US election has long been a foregone conclusion, with a rematch between the two presidents appearing all but certain. But what would happen if, for any number of reasons, one of the two contenders does not end up taking part in the November vote? Apart from immense political confusion, here is what would happen, according to the rules and experts: What would cause President Joe Biden, an 81-year-old Democrat, or ex-president Donald Trump, the 77-year-old Republican, not to be on the ballot? Age for one.

Biden versus Trump: The lineup in the 2024 US election has long been a foregone conclusion, with a rematch between the two presidents appearing all but certain. But what would happen if, for any number of reasons, one of the two contenders does not end up taking part in the November vote? Apart from immense political confusion, here is what would happen, according to the rules and experts:

Ola Electric last week cut the price of its entry-level scooter by ₹25,000. That brought down the price of the Ola S1X+, with a 3kwh electric motor, in line with that of the top-selling petrol-powered scooter, Honda's Activa. Steep price cuts and the launch of affordable models by companies like Ola Electric, Ather Energy and Bajaj Auto-owned Chetak Technology have helped narrow, or even bridge, the gap between the prices of battery-powered and petrol-run two-wheelers. Industry experts expect the increasing affordability to quicken the adoption of electric two-wheelers in India. While sales have been surging and are expected to be around 850,000 units in fiscal 2024, electric two-wheelers still account for just 4.5% of the market. The main challenges to adoption of this cleaner mode of mobility have been higher acquisition cost compared with petrol-powered models and inadequate charging infrastructure.

Nifty and Sensex gained over a per cent each to settle at 22,040.70 and 72,426.64 levels respectively as investors shift their focus to fundamentals and macroeconomic indicators. The frontline indices remained resilient in the face of fading expectations of early rate cuts by the US Federal Reserve. Most sectors traded in sync with the move wherein auto, IT, energy and banking were among the top performers.

artificial intelligence race, and there is no way forward but for the Indian government to step up and invest to create these enabling conditions, according to experts and industry representatives. Abhishek Singh, president and CEO, National eGovernance Division, and managing director and CEO, Digital India Corporation, said that once key pieces like compute and access to Prasar Bharati content are solved, maybe Indian startups will start building foundational models.

BSE Sensex logging a marginal weekly gain as investors shift their focus to fundamentals and macroeconomic indicators. The frontline indices remained resilient in the face of fading expectations of early rate cuts by the US Federal Reserve. On the stock-specific front, Jubilant Industries, Force Motors, Sandhar Technologies, MRPL, Tips Industries, Borosil Renewables, 63 Moons Tech, Apollo Pipes, Novartis, HPL Electric & Power, Dilip Buildcon, Anuh Pharma, ASM Technologies, Strides Pharma Science and others are among the smallcaps that logged a double-digit rise in their share prices last week.

Donald Trump won't face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing.

Blowhot Kitchen Appliances emerges as a beacon of ingenuity, poised to revolutionise the industry with its innovative designs and forward-thinking approach. Founded on the principle of blending modern technology with traditional Indian lifestyles. Under the leadership of Mr.

₹29,520 crore so far in 2024. FPIs have sold ₹3,776 crore worth of Indian equities and the total inflow stands at ₹19,608 crore as of February 16, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. Foreign institutional investors (FIIs) were buyers for three out of five sessions last week, yet the total divestment stood at ₹6,240.55 crore, while domestic institutional investors (DIIs) were buyers for all five sessions, with a total investment of ₹8,731.6 crore, according to stock exchange data.

As the crypto market progresses into the 2024 season, analysts and investors are eagerly forecasting the future price path of Retik Finance (RETIK), a token with burgeoning potential. Currently valued at $0.12, Retik Finance presents a compelling investment opportunity poised for significant growth. But what does the future hold for RETIK? Experts predict a substantial increase in the value of Retik Finance, with projections suggesting its native token, $RETIK, could soar to $100 by 2026.

Indian stock market: Shares of Hazoor Multi Projects Ltd are one of the multibagger stocks that the Indian stock market has delivered in the recent few years. The real estate stock has risen from around Re 1 per share (29th March 2019) to ₹nearly 380 per share (16th February 2024), delivering around 38,000 percent return to its long-term positional investors. So, the penny stock has surged 381 times in the past five years turning ₹1 lakh of an investor to ₹3.81 crore in this small time, provided the investor had remained invested in this stock throughout this period.

Stock to watch: SpiceJet shares witnessed a strong bull trend on Friday after the announcement of DGCA numbers for January 2024. However, the aviation stock sustained its early morning gains when the Indian aviation major informed stock market bourses about fresh developments on GoFirst involving its MD Ajay Singh. The Indian budget carrier declared that SpiceJet MD Ajay Singh and Busy Bee Airways Private Limited had submitted a joint bid for bankrupt airline company GoFirst, which has been grounded since May 2023 and going through insolvency proceedings.

Question: Recently, the Finance Minister announced withdrawal of outstanding demands for the taxpayers. Kindly enlighten us on whether all such outstanding tax demands would be withdrawn.

ELSS mutual funds offer exemption on investments up to Rs 150,000 under Section 80C of the Income Tax Act. Investing in ELSS MF schemes over a long term is more remunerative in comparison to various options available under section 80C, Deepak Gagrani, Founder of Madhuban Finvest said as he picks this instrument as one of his top choices for both tax savings and long-term wealth creation.

A parliamentary panel has suggested introducing a composite licence for insurance companies which will enable them to offer both life and non-life insurance products. Saikat Neogi explains how it will give insurers economies of scale and benefit customers at the same time

The FPIs bought shares worth Rs 138 crore on Friday. In January, they sold shares worth Rs 25,744 crore.

Indian stock market: Following the Defense Acquisition Council’s (DAC) meeting held on Friday to disburse the ₹80,000 crore order, defence stocks in India are expected to remain in focus on Monday. According to stock market experts, defence companies with strong CAPEX are expected to come under the radar of Dalal Street bulls as some value buying is expected for to defence segment when the Indian stock market reopens on Monday. Speaking on the impact of the DAC meeting outcome on the Indian stock market, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 said, "The recent military order of 80,000 crores signifies a significant YoY increase in military spending.

Indian stock market: Fineotex Chemical shares are one of the multibagger stocks that the Indian stock market has delivered in recent years. This chemical stock has risen from around ₹36 apiece to ₹442 per share level, logging over 1100 percent rise in this time.