Experts Financial News

Investors who missed it earlier now have the opportunity to board the PSU bank bus offering attractive entry points to long term investors. Index returns by 12-stock Nifty PSU Bank is to the tune of 32% over a 1-year period which is higher than 11.36% returns delivered by Nifty Bank and 19.57% by broader Nifty50. Individually, Punjab National Bank (PNB), Central Bank of India and Union Bank of India have given returns of 66%, 62% and 51%. Other including Bank of Maharashtra, Indian Bank, Canara Bank, Indian Overseas Bank (IOB), UCO Bank Bank of India, Bank of Baroda (BoB) and State Bank of India (SBI) have given income of 49% and 4.27% during this period with index heavyweight SBI featuring as the biggest laggard. PSU banks remain beneficiaries of a benign macro with valuations offering comfort, JM Financial said while picking SBI and BoB as its top bet.

Russian legal and tech experts think that 2024 will mark a turning point for the use of crypto and CBDCs like the digital ruble in cross-border payments.

(Reuters) — Alaska Air (NYSE:ALK) said on Monday its technicians found some loose hardware in the door plug area on some of its Boeing (NYSE:BA) 737 MAX 9 fleet.

Pravasi Bharatiya Divas (PBD), also known as Non-Resident Indian (NRI) Day, is celebrated on January 9 to mark the contribution and achievements of the overseas Indian community to the development of India. The day also commemorates the return of Mahatma Gandhi, the greatest Pravasi, from South Africa to India in 1915, who led India's freedom struggle and changed the lives of Indians forever. Pravasi Bharatiya Divas was first celebrated in 2003.

stock benchmarks dropped close to 1% on Monday as investors cut their bets ahead of the start of the third-quarter corporate results season this week. The market was also cautious in the run-up to the December US consumer inflation data scheduled on January 11, after the country's jobs data for the month turned out to be stronger than expected. These economic readings could be some of the key factors determining the US Federal Reserve's upcoming monetary policy actions. BSE's Sensex dropped 670.93 points or 0.93% to close at 71,355.22.

NEW DELHI : Mutual funds may get to invest in companies traded in Gujarat’s Gift City exchanges beyond the normal cap that applies for their overseas investments. The move comes at a time the government is opening up the special economic zone for direct listing of Indian firms. A 16-member expert panel appointed by the International Financial Services Centres Authority (IFSCA) last week recommended a special carve-out for mutual funds wanting to invest in Gift City.

In the last week alone, an Israeli airstrike has killed a Hezbollah commander in Lebanon, Hezbollah struck a sensitive Israeli base with rockets and Israel killed a senior Hamas militant with an airstrike in Beirut

FINER) will hold Northeast Renewable Energy & Electric Vehicle Expo-2024. Scheduled from the 19th to the 21st of January 2024, the event will take place at the Sarusajai Stadium in Guwahati, Assam. FINER said the Northeast Renewable Energy & Electric Vehicle Expo-2024 will serve as a significant platform strategically designed to highlight and showcase the latest advancements and innovations in the field of renewable energy and electric vehicles. Featuring more than 100 stalls, the exposition promises to showcase cutting-edge technologies, products, and services in renewable energy and electric vehicles, providing a comprehensive display of transformative technologies, from solar panels to electric vehicles and charging infrastructure. The expo will bring together manufacturers, developers, and service providers to showcase technologies, products, and services related to renewable energy and electric vehicles.

AI Odyssey program by registering on aka.ms/AIOdyssey and accessing the learning modules and resources provided. The program is open to AI enthusiasts across India, irrespective of their experience level or background. Comprising two levels, the first phase of the program focuses on educating participants on utilizing Azure AI services to create and deploy AI solutions for diverse scenarios.

same-day settlement, or T+0 of trades, foreign portfolio investors (FPIs) have raised concerns, stating that this may fragment market liquidity or trading volumes, reported Business Line. Consequently, they have sought more time for suggestions on viable alternatives given the year-­end holiday season, said two people in the know, as per the report. The Securities and Exchange Board of India (Sebi) has proposed a phase wise transition to instant settlement of trades in the equity cash market and sought feedback by January 12, it said.

National Aeronautics and Space Administration (NASA) has rejected the concerns raised by some reports that 2007 FT3, a lost asteroid, could potentially hit Earth in this year. Confirming that the 54-million-ton asteroid, of which scientists lost track nearly two decades ago, posed no threat to our Earth on October 5 this year, the US space agency said: “There are no known asteroid impact threats to Earth at any time in the next century." Astronomers eventually lost track of the 984-foot asteroid after first spotting it in 2007, categorizing it as a "lost asteroid." In 2007, some reports stated that there was a roughly 1 in 10 million chance of 2007 FT3 colluding into Earth by March 3, 2030 or a 1 in 11.5 million chance of striking the Earth on October 5, 2024.

Can Indian inflation fall below 4% and economic growth remain strong in 2024? Here's what experts say "Some base effects should also help pull down inflation in the clothing and footwear, and miscellaneous categories. Households' near-term (three months ahead) inflation expectations also have declined, though one-year ahead expectations have risen. Input and output price PMIs for the manufacturing sector for December also remain contained," Barclays said.

It is that time of the year when most of the taxpayers, who if already haven’t exhausted their tax-saving investment limit, start looking for various investment options to save as much tax as possible. For, this remains the last chance to save tax for the current financial year as salaried individuals are required to submit investment proof to their HR department. Else tax will start getting deducted from their salary.

In this age of ubiquitous technology, every facet of our lives is touched by its transformative influence, and real estate is no exception. Drawing on my experience as a real estate expert, I’ve witnessed a profound shift in purchasing trends, as prospective buyers increasingly turn to digital tools to streamline their property search and transaction processes.

A ‘Term Return of Premium’ plan (TROP) is ideal for individuals looking for both life coverage and return on the premiums paid. However, these plans cost twice that of pure term plans because of the maturity benefit. Experts say TROPs are suitable for those who are not sure of their retirement age or dependency of family members on their income at an older age. In a regular term plan, the individual does not get any maturity benefit if he survives the policy period. However, in a TROP plan, he will get back all the premiums paid if he survives the policy period, which is usually 105% of the total premiums paid. Like a pure term plan, a TROP plan will offer death benefits to the policyholder’s family in the event of death. So, such a term plan offers dual benefits of cover as well as return of premiums .

Investors should actively consider dynamic bond funds, especially with the expectation of a fall in bond yields, say experts. They, however, need to have a longer holding period of atleast two to three years to ride out the intermittent volatility.

SBI Card, HDFC Bank, ICICI Bank and Axis Bank who have made changes to select credit cards. Read more to know the changes.

Price-to-Book ratio (PB ratio) is a popular measure to assess a company’s current value. ET looks at the interpretation and suitability of the PB ratio and how to use it effectively when assessing the valuation of a stock. What is PB Ratio? Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. How is the ratio calculated? It is calculated by comparing the current market price of a stock with its book value.

Honasa Consumer jumped over 10% to hit their 52-week high of Rs 490 on the NSE on Monday following a block deal where over 32 lakh shares were reported to have changed hands. The floor price of the deal was Rs 437 per share, which is a discount of nearly 2% from the previous close of Rs 445.65. The total transaction value was Rs 142 crore, according to the media reports. The stock witnessed strong investor interest as nearly 51 lakh shares traded on the NSE around 2:35 pm.

Motilal Oswal, which has increased its weightage on the sector while effecting notable tweaks in energy and industrials. The changes have been made in view of Q3FY24 earnings, with rate cuts by global central banks, political continuity and institutional inflows providing the undercurrent.

Nuvama Wealth Management, Nifty earnings may grow 10 per cent year-on-year (YoY) in Q3FY24. The brokerage firm pointed out that the gap between the top line and profits is now narrowing and given the high base, earnings are likely to moderate further in Q4FY24. "The strong first half of the financial year 2024 (H1FY24) has ensured limited downside risks to FY24 earnings," Nuvama said.