Experts Financial News

Nithin Kamath on Friday said the popular narrative that retail investors are clueless may not be fully accurate. According to Kamath, equity investors on Zerodha are sitting with higher overall notional gains than equity mutual fund investors. «Maybe the popular narrative that retail investors are clueless and “gambling” isn’t fully accurate.

GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.

rise of AI has sparked concerns among employees who perceive it as a potential job killer in various industries such as manufacturing and automation, transportation and logistics, healthcare, finance and banking, retail and e-commerce, customer service and support, agriculture, and legal services. According to a report by Goldman Sachs, there could be a loss of 300 million jobs due to AI.

China on its own terms. The summit between US President Joe Biden and Xi Jinping and the EU-China Summit underscores the reality that the West is no longer ready to budge on critical issues," he added. The expert mentioned China's failed strategy to create a divide between Europe and the US and its difficulties in dealing with them amid an economic crisis.

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We all have debts, but the situation gets slightly challenging when someone has multiple debts, and he fails to manage all of them as it is not always feasible to run several loans and keep a track of all payments without delay or default. That is why it makes sense to consolidate your debts and focus on just one single debt that can be managed and repaid on time.

According to an official release, the 109th Indian Science Congress hosted by Lovely Professional University (LPU), announced a series of diverse conferences and sessions under the theme ‘The Global Perspective on Science and Technology for a Sustainable Future’. This event is expected to bring together Nobel laureates, scientists, researchers, academicians, experts, innovators, and policymakers from around the world to engage in discussions and develop strategies for introducing sustainable technology across various fields.

In a bid to tame inflation and sustain economic growth, the Reserve Bank of India (RBI) on Friday decided to keep the repo rate unchaged at 6.5% for the fifth time in a row, which is good news for both homebuyers and real estate.

Experts from the real estate sector have praised the Reserve Bank of India’s decision to keep lending rates steady, highlighting its positive impact on demand and affordability.

Question: Can non-furnishing of income tax return attract prosecution u/s 276CC of the Income Tax Act, 1961 (hereinafter referred to as ‘the IT Act) wherein the net tax payable after deduction of TDS and advance tax payable is less than Rs 10,000? Kindly guide us on the recent decision of the Madras High Court pertaining to initiation of prosecution u/s 276CC of the IT Act in regards to the same.

InstaAstro, an online astrology consultation app, has made possible in just two years. Do you know the reason behind this success? A remarkable repeat rate of astrology consultation is conceivable only through top-class guidance from top-skilled astrology experts. InstaAstro thrives to be the best in the industry in this aspect.

repo rate unchanged for the fifth time today, in the last policy meeting of the calendar year 2023. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Read here: What are subtle hints from RBI monetary policy? 10 experts parse MPC decisions Amid this backdrop and the ongoing positive market sentiment, let's analyse between Nifty Auto and Nifty Realty, which sector has better growth opportunities in the long run. Looking at 2023 YTD, both of these sectors have outperformed the benchmark Nifty.

RAYONG, Thailand—Ever since Nissan Motors started building cars in Thailand in the early 1960s, Japanese companies have been a driving force in the country’s rise as an auto manufacturing powerhouse. Now, Chinese competitors are moving in to bring it into the electric age. On the outskirts of Thailand’s carmaking capital, Rayong, not far from the industrial zones home to Japanese auto plants, China’s largest electric-vehicle maker, BYD, is developing what industry experts believe will be Thailand’s biggest car plant.

rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors turned their attention to a crucial U.S. labour market report due later in the day. The rupee ended at 83.3850 against the U.S.

Shares of Pfizer Ltd.(up 0.91 per cent), Gland Pharma Ltd.(up 0.82 per cent) and GlaxoSmithKline Pharmaceuticals Ltd.(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, Glenmark Pharmaceuticals Ltd.(down 3.15 per cent), Zydus Lifesciences Ltd.(down 2.94 per cent), Torrent Pharmaceuticals Ltd.(down 2.24 per cent), Alkem Laboratories Ltd.(down 1.91 per cent) and Granules India Ltd.(down 1.68 per cent) finished as the top losers of the day.

Congress leader Mahua Moitra was on Friday expelled from the Lok Sabha on the recommendation of Ethics Committee report in the 'cash for query' that was tabled in the Lower House today. The Ethics Committee report probing 'Unethical Conduct' of the Trinamool Congress (TMC) MP had recommended that Moitra «may be expelled» from the Lok Sabha and called for an «intense, legal, institutional inquiry» by the central government in a «time-bound manner». «The serious misdemeanours on the part of Mahua Moitra calls for severe punishment. The Committee, therefore, recommend that Mahua Moitra, MP may be expelled from the Membership of the Seventeenth Lok Sabha,» the report stated. What's the road ahead for Mahua Moitra: As per legal experts, Mahua can challenge her expulsion in the court of law, citing that " there was no evidence of cash or gift given to her." Minutes after her expulsion as a Lok Sabha member, Moitra said she has been found guilty of breaching a code of ethics that does not exist and that there was no evidence of cash or gift given to her. Is there any precedence similar to Mahua Moitra's case: In December 2005, the Lok Sabha had expelled 10 members and a Rajya Sabha member from Parliament in a cash-for-query scam. In 2005, a sting operation conducted by online news site Cobrapost and aired on a private TV channel brought to light a cash-for-query scam.

The NSE Nifty index closed 68.25 points up at 20969.4, while BSE Sensex ended up 303.91 points at 69825.6. On the other hand, Adani Enterprises Ltd.(down 2.25 per cent), ITC Ltd.(down 1.95 per cent), Adani Ports & Special Economic Zone Ltd.(down 1.61 per cent), Hero MotoCorp Ltd.(down 1.51 per cent) and Oil And Natural Gas Corporation Ltd.(down 1.48 per cent) were among the top losers of the day.

The NSE Nifty index ended the session 68.25 points up at 20969.4, while BSE Sensex rose 303.91 points to 69825.6. In the Nifty index, HCL Technologies Ltd.(up 2.72 per cent), LTIMindtree Ltd.(up 2.54 per cent), JSW Steel Ltd.(up 2.47 per cent), Apollo Hospitals Enterprise Ltd.(up 1.72 per cent) and Infosys Ltd.(up 1.72 per cent) stood among the top gainers.

Meta is rolling out end-to-end encryption for calls and messages across its Facebook and Messenger platforms, the company announced Thursday

Axis Mutual Fund announced the launch of the 'Axis US Treasury Dynamic Bond ETF Fund of Fund'. Benchmarked against the Bloomberg US Intermediate Treasury TRI, the primary investment objective of the scheme is to provide regular income by investing in units of overseas ETFs where the investment mandate is to invest in US treasury securities across duration. The fund will be managed by Vinayak Jayanath. The new fund offer (NFO) is set to open for subscription on December 12, and will close on December 19. The scheme will predominantly follow an active investment strategy for investments in the overseas mutual funds. The fund is designed to dynamically adjust to market fluctuations, aiming to capitalize on the expected yields and minimize risks. This fund has the potential to be an ideal addition for those looking to diversify their portfolio for international exposure. This dynamic management approach allows the fund to adapt to changing macroeconomic conditions, targeting both capital appreciation and income generation opportunities.

Madhabi Puri Buch on Friday said the capital markets regulator deeply regrets the failure to de-freeze the shares held by members of the Kirloskar family in Kirloskar Industries Ltd (KIL) despite the SAT's directive. «I think what happened in terms of delay in de-freezing accounts was unacceptable. Whatever have been the cause and root cause, communications with the depository etc., Sebi was responsible, Sebi was accountable, we deeply regret what happened,» Buch told reporters at the sidelines of the CII Global Economic Policy Forum here.