Experts Financial News

NEW DELHI : Contrary to the perception that big-budget films featuring mainstream stars and high on visual spectacle or slick action stunts are shining at the box office, especially post covid, recent Bollywood titles such as Tiger 3, Adipurush, and Ganpath have fizzled out, in some cases, failing to build on big openings. Theatre owners and trade experts say the word-of-mouth around films has become hugely critical and audiences are no longer stepping out for even big stars.

In 2023, Optimism (OP), Toncoin (TON), and Rebel Satoshi ($RBLZ) are highlighted as the best cryptos to invest in, offering promising returns for investors. While Optimism has surged following Blockchain.com’s listing, Toncoin has performed well recently. Meanwhile, Rebel Satoshi has emerged as an exciting alternative for investors. Let’s find out which coin will boost investors’ portfolios.

After a two-hour hearing regarding the potential issuance of a digital euro, expert testimony has done little to settle the continent’s legislative debate on central bank digital currencies (CBDCs).

Sensex rallied 727 points and Nifty closed above the 20,000 mark for the first time since September 18 driven by buying in heavyweight HDFC Bank, Axis Bank ICICI and TCS on expectations of more foreign fund inflows. In a remarkable day for Indian equities, the combined market valuation of all listed companies on the BSE reached the $ 4-trillion milestone for the first time on Wednesday. Both the benchmarks are less than 1% shy of the record highs hit on September 15. Here's how analysts read the market pulse: «Nifty moved up smartly as the bulls remained at the helm following a consolidation breakout on the daily chart.

IIFL Finance on Wednesday raised $50 million in three-year external commercial borrowing (ECB) from Japan's Mizuho Bank. The loan, priced at 120 basis points over Tokyo overnight average rate (Tonar), will be used for onward retail lending. One basis point is 0.01 percentage point. Tonar is at a negative 0.1%.

Amitabh Bachchan hosted quiz show Kaun Banega Crorepati is its 15th season now. The mass favourite show for decades now, is running its Juniors week, which saw a 12-year-old Mayank become the youngest winner of ₹1 crore. ‘KBC Juniors Week! started with rollover contestant Mayank, from Mahendragarh, Haryana.

Tata Technologies IPO: The Tata Group's much-awaited initial public offering (IPO) received overwhelming response from investors during its three-day subscription period last week. Shares of Tata Technologies is all set to debt on stock exchanges BSE and NSE on Thursday, November 30. Since, the companies off late have been switching to T+3 norms the allotment and listing date are being preponed.

Charlie Munger, the veteran investor and philanthropist, who bid adieu to the world on Tuesday. People in the financial fraternity across the globe mourned the loss and shared their stories of the impact that Munger had in their lives. Among them was Ravikant Rathore, Chief Investment Officer, Tata Pension Management. “Personally, Charlie has had a profound impact on me. He was a powerhouse of worldly wisdom, and his lessons went beyond investing to living a good life,” says Rathore. Here’s some key lessons Rathore learnt from Munger: * Avoiding Stupidity: We put all our efforts in trying to be smart to grow in life instead of focusing on simply avoiding mistakes. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

Arnold Dix. The international tunnelling expert hit headlines, as he led a successful rescue mission to save 41 workers who were trapped inside Uttarkashi's Silkyara tunnel since November 12. In a video shared by the news agency ANI, the Australian tunnelling expert is seen offering prayers at Baba Bokhnaag Mandir, a local temple. The clip has since gone viral on X, gaining 204K views and 8.8K likes. Many netizens gushed over this gesture. One X user lauded him for submitting to the divine forces. “Sign of a great and humble person. When you understand there are forces beyond your control and you seek their blessings for success,” he wrote. Another poster was all praise for Aussies. “Gotta give it to Australians. It was two Australians Richard Harris and Craig Challen who played an important role in saving Thailand football Kids too. Casual excellence from Australians in every walk of life. Like Cricket,” they wrote. In an interview with the agency, Dix thanked his team for being the epitome of unconditional support and said that as a parent, he was relieved that he could unite so many parents (referring to the trapped workers) to their children before Christmas. He also praised Indian engineers, and described them as “the best.” “It's been my honour to serve, and as a parent, it's been my honour to help out all the parents getting their children home. Remember in the beginning I said, 41 people home, and no one gets hurt by Christmas. Christmas is coming early… We were calm, and we knew exactly what we wanted. We worked as a wonderful team. India has the best engineers… It was just a joy to be part of this successful mission,” he told the news agency.

An arrest and huge seizure of 26,000 allegedly counterfeit $2 coins in Quebec, and a second smaller seizure of the same dodgy coins in a northern Ontario city a few months later, suggests that a new counterfeit toonie variety is circulating across Canada, a coin expert says.

Charlie Munger, who passed away yesterday night, had many fans in the Indian mutual fund industry. The respect these successful fund managers had for the straight talking Munger was enormous. Several fund managers, very successful in their own right, refused to share their thoughts about this great teacher because they felt inadequate to the task. Munger, who was often described as the sparring partner of Warren Buffett of Berkshire Hathaway, was known for his straight forward nature and deep insight into investing. He is also credited with steering Buffett away from Benjamin Graham style of value investing to a more robust investment style. Together these two legends created a company that is valued more than many multinational companies. ETMutualFunds managed to convince two respected Indian mutual fund managers to share their thoughts on the departed investment guru. S Naren, ED and CIO of ICICI Prudential Mutual Fund, said the best way to characterise Charlie Munger, an army veteran and trained lawyer, is as the epitome of wisdom. “His multifaceted approach to investment has made a lasting impression on the world of investing. He introduced the concept of quality over quantity investing. His 'latticework' investment strategy, which emphasised the artistry involved in investing, will live on,” said Naren.

solar storm is set to hit Earth on November 30 which may interfere with radio and GPS signals, NASA has warned. Solar storms are known for causing disruptions in communication. Recent observations reveal that a solar storm, specifically a coronal mass ejection (CME), is scheduled for November 30.

ICICI Bank on Wednesday said that it has received 'no objection' letters from the BSE and the National Stock Exchange for delisting shares of ICICI Securities. ICICI Securities is a subsidiary of ICICI Bank, wherein the latter holds around 75% stake in the former. In June, the private sector lender had proposed delisting shares of ICICI Securities following board approval for the draft scheme of arrangement. The delisting of shares of ICICI Securities will be done through a share swap, wherein public shareholders of the brokerage will be allotted 67 shares of ICICI Bank for every 100 shares held. Following the delisting, ICICI Securities will again become a 100% subsidiary of ICICI Bank. The decision to make ICICI Securities a wholly-owned subsidiary through delisting was to drive synergies between the two entities, ICICI Bank had earlier said. The bank did not intend to monetise its stake in the brokerage firm by taking it below 75%. ICICI Securities made its debut on the exchanges in April 2018. ICICI Bank had sold part of its stake in the brokerage firm in the IPO.

BSE) achieved a historic milestone, surpassing a record of $4 trillion for the first time in today's trade. Indian stocks began today's session on a positive note following dovish statements from U.S. Fed Official Christopher Waller.

Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra ltd amongst others. For Passenger Vehicles, retails are expected to grow 6-8% YoY during the month of November largely driven by the festive season demand, said analysts at Motilal Oswal Financial Services. For Passenger Vehicles, festive period growth was largely underpinned by healthy SUV (sports utility Vehicles) demand and 25-30% higher discounts YoY for lower-end model, as per analysts at Motilal Oswal Financial Services.

Hero MotoCorp Ltd, TVS Motor Company Ltd, Bajaj Auto Ltd with gains of 1-4.5% scaled 52-week highs on Wednesday. The sentiments on two-wheeler manufacturers have improved led by strong festive season sales. The S&P BSE Auto Index is up almost 10% in November as all automobile sales are likely to have caught pace during the festival season For the two-wheeler manufacturers the retails are expected to grow 9-11% year-on-year in November’2023, led by strong demand in the first half of the month, wherein volumes grew 14-16% year-on-year, said analysts at Motilal Oswal Financial Services.

Royal Orchid Hotels (ROHL) with a target price of ₹498, indicating an upside of 63 percent. "We remain positive on the industry given the favourable demand-supply dynamics in the near-to-medium term. We expect growth for ROHL to outpace peers, given its lower base, extensive room addition pipeline, and improving brand recognition, which will help to narrow the valuation gap with its peers," it said.

More Americans went shopping than ever before over Thanksgiving weekend, a good sign for retailers. But experts say the economy isn't thriving yet.

ecology and economy, saying his government had decided to review all such projects after the collapse of Silkyara tunnel. In an interview to PTI, he said his Diwali came on Tuesday with the successful evacuation of 41 workers trapped inside for almost 17 days. He said he was as happy as the workers' families after the evacuation. «My Diwali, Igas or Dev Deepavali came yesterday when they were evacuated,» the CM said, referring also to other festivals celebrated in the state. The workers were like family, he said.

Jeevan Pramaan is a biometric enabled Aadhaar-based Digital Life Certificate for pensioners and is generated for individual pensioner using his/her Aadhaar number and Biometrics. Jeevan Pramaan: What happens if life certificate is not submitted in November? If life certificate is not submitted till the month of November, payment of pension for the month of December and onwards will not be done to the pensioner. When the Life Certificate is updated in the Pension System, the pension and arrears will be paid together on the following pension payment. However, if a Life Certificate is not presented for a period of three years or more, pension would be started following the competent authority's permission via the CPAO, as per the proper procedure. For which type of pensioners, Jeevan Pramaan through Face Authentication Technology is not allowed? The life certificates of re-employed and re-marriage are not authenticated through this technology.

sovereign gold bond (SGB 2015-I) goes for redemption on Thursday. Its returns over the last eight years stand at 148%, which includes 20% in interest income accrued over this period.