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Also Read: Jyoti CNC Automation IPO: Issue fully booked on day 1, retail portion subscribed 8.28x The product line consists of multi-tasking machines, simultaneous 3-axis and simultaneous 5-axis CNC machining centres, CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), and CNC horizontal machining centres (HMCs). Also Read: Jyoti CNC Automation IPO: GMP, subscription status, review, other details.

By David Shepardson, Valerie Insinna and Tim Hepher

Private life insurers are set to report a modest growth in annualised premium equivalent (APE), a proxy for revenue in insurance, due to changes in taxation and a decline in group fund-based business in the December quarter. The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Value of New Business (VNB) margins. General insurers are expected to report small premium growth, with listed ICICI General Insurance improving its combined ratio and net profit. Listed private life insurers' VNB margins are likely to show some contraction on a year-on-year basis due to a reduced share of non-participating products in the product mix and movement in interest rates. «In our view, this lower growth would be owing to sluggish growth in higher-ticket policies given the changes in taxation and decline in the group fund-based business,» said Avinash Singh, senior analyst, Emkay. «Driven by buoyant equity markets during Q3FY24, ULIPs are likely to contribute a higher share in the product mix, possibly leading to some negative implications for VNB margins.» HDFC Life is expected to see an increase in new business premiums driven by annuity, non-PAR segments and retail protection.

water, equivalent to two standard-size bottled waters, contained an average of 240,000 plastic particles. These particles belonged to seven different types of plastics, with 90 per cent identified as nanoplastics and the remaining as microplastics, the details were found in a study, as per a report. New research has revealed that commercially available bottled water may contain 10 to 100 times more minuscule plastic particles than previously estimated. These particles are so tiny, classified as nanoparticles, that they are invisible under a microscope, CNN reported.

In the fast-moving world of cryptocurrencies, we’re currently seeing a period where the prices of many digital coins are going up. This possible bull market is attracting all kinds of investors who are looking for the next big profit maker. There’s especially a lot of interest in new presales that haven’t been sold yet and meme coins, as they often offer the chance for quick and big profits.

Mumbai Trans Harbour Link (MTHL), the country's longest sea bridge, is expected to bolster the Navi Mumbai property markets as the connectivity and further infrastructure development is likely to result in surge in real estate activity, demand and prices. Prime minister Narendra Modi will be inaugurating the 21.8-km-long MTHL on Friday and this bridge is estimated to cater to around 70,000 vehicles daily, connecting Sewri in central Mumbai to Chirle at Navi Mumbai. The bridge is poised to transform the everyday travel experience for commuters from south and central Mumbai, reducing the current two-hour travel duration to just 20 minutes. The improved connectivity is likely to spur commercial and business activities in Navi Mumbai. “The MTHL will undoubtedly be a boon for Navi Mumbai's overall economic development, including and especially the real estate sector in the region…In the next 10 years, we expect Navi Mumbai to not just complement the economic growth of MMR, but co-lead it, with other major infrastructure projects including the international airport also bound to have a substantial impact,” said Raajesh Prajapati, MD Prajapati Constructions. He expects Navi Mumbai’s demand for commercial, retail, office as well as residential for both affordable as well as luxury housing to grow substantially with both users and investors looking at the long term horizon. “Factors such as lifestyle, easy commuting, improved connectivity, and relatively lower property prices (35-45% less despite being a planned city) in Navi Mumbai will likely influence homebuyers' decisions.

Moody's Investors Service on Tuesday said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3. The rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said.

Seya Industries Ltd. Anil Chauhan and his audit firm Anil Chauhan & Associates have been barred for 10 years from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate, according to an order issued on January 5. Chauhan is the proprietor of audit firm Anil Chauhan & Associates and the Engagement Partner (EP) for the statutory audit of Seya Industries for financial years 2018-19 and 2019-20.

Bajaj Auto has pipped Mahindra & Mahindra to become the third most valuable automobile company in India intraday on Tuesday after nearly 20 months. The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&M’s market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors. Bajaj Auto shares gained 1.55% on Tuesday to close at Rs 7,094, extending their winning run in the past year after the company announced a share buyback at a 43% premium over Monday’s closing price. The company’s board on Monday approved a Rs 4,000 crore share buyback program at Rs 10,000 per share.

Also Read- Titagarh Rail: The stock gained 367% in 2023; is there more upside ahead? Even analysts at Elara Securities India Ltd said that the earnings trajectory of agrochemicals companies under their coverage in Q3 is expected to be divergent. Companies that are light on channel inventory and have liquidated high-cost inventory are likely to be on a strong footing while earnings for the rest of the universe are likely to be under pressure. Industry veterans as S K Chaudhary, founder director of Safex Chemicals, said that Agrochemical producers can be classified broadly under three categories.

Data shared by Deloitte shows that 75% of the 250 companies surveyed are considering gig workforce for their open positions in 2024, as against 61% last year. Data from freelance platform Flexing It shows a similar trend, with more than 30% year-on-year increase in the number of projects in the tech sector.

Bitcoin’s price has soared to $47,000, marking its highest level since April 2022, driven by fervent speculation about the U.S. Securities and Exchange Commission (SEC) possibly approving Bitcoin exchange-traded funds (ETFs).

Voltas Ltd. traded 1.08 per cent higher in Tuesday's session at 11:52AM (IST). The stock opened at Rs 990.1 and has touched an intraday high and low of Rs 1003.05 and Rs 990.1, respectively, during the session so far.

BSE at 12:08PM (IST) on Tuesday, up 0.62 per cent from previous close. The stock quoted a 52-week low price of Rs 557.15 and a high of Rs 926.7. Earlier, shares of the company saw a gap up opening in the morning.

I am retiring from Reliance Industries on 31 December 2024. I will have 300 earned leaves and 100 sick leaves encashable at the time of retirement. What is the most tax-efficient way to encash my leaves before March 2024? Shubham Agrawal, Senior Taxation Adviser, TaxFile.in: The leave encashment received during your employment is fully taxable.

Havells India Ltd. traded at Rs 1388.45 on BSE at 11:01AM (IST) on Tuesday, up 0.93 per cent from previous close. The stock quoted a 52-week low price of Rs 1120.1 and a high of Rs 1466.0.

markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a role in the future movement of the market. However, these dips also offer a good opportunity and two stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio.

Godrej Consumer Products Ltd. rose 0.92 per cent to Rs 1185.7 at 11:06AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

Bharat Forge Ltd. traded 2.28 per cent up at Rs 1286.05 at 10:05AM (IST) on Tuesday, even as BSE benchmark Sensex gained 374.89 points to 71730.11.

Tata Motors, and Jefferies maintained a buy rating on Nippon AMC and HDFC AMC. Jefferies upgrades Mindspace REIT to a buy rating from hold earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Tata Motors Ltd. with a target price of Rs 900.