Experts Financial News

how to mitigate smog in north India, especially in Delhi-NCR rules the headlines. Several environmentalists and experts have suggested numerous solutions to reduce pollution in Delhi-NCR. The Delhi government has also taken stringent measures to alleviate smog in the region.

tobacco products in the Union Budget 2024–25 in order to raise additional funds. It is believed that raising the excise tax is one of the most cost-effective public policy tools available to regulate tobacco consumption. In addition, they also requested an increase in health taxes on cigarettes, bidis, and smokeless tobacco in their appeals to the Finance Ministry.

Read here: Exit polls, GDP data, F&O expiry, auto sales to guide market direction this week The agency also noted that GDP exceeded the 2019 level by 15.5 percent in India in the first half of the current fiscal. Also, fixed investment has recovered considerably more than private consumer spending, it added. S&P also believes that it will take some time for India's interest rate cycle to turn as the headline inflation still remains above the RBI's target of 4 percent.

Canada’s justice minister is considering options raised by the independent adviser on unmarked graves, who says Indigenous leaders want Canada to move on criminalizing residential school denialism.

India’s growth forecast for FY24 upward to 6.4% from 6% projected earlier, bringing it in line with RBI’s estimate of 6.5%. The American rating agency, however, lowered the FY25 growth estimate by 0.5 percentage points to 6.4%. It expects the economy to bounce back to 7% growth in FY26 and FY27. The upward revision by the global rating agency follows a similar revision by the International Monetary Fund, which revised India’s growth forecast for FY24 upward to 6.3% in October from 6.1% projected earlier and brings it on par with World Bank (6.3%) and ADB (6.3%). Indian economy likely grew better than expected at 6.7% in the second quarter of FY24, according to a median of an ET poll of 10 economists, compared with 6.5% projected by RBI.

cryptocurrency market cap declined 1.26% to around $1.42 trillion in the last 24 hours. At 9.45 a.m., BTC was trading 1.05% lower at $37,321, while the second most popular token, Ethereum, was down 1.26% at $2,047. Other popular altcoins, such as Solana and Polygon, plunged 2.6% and 2.8%, respectively. Also, BNB, XRP, Cardano, Tron, and Litecoin fell 1-2%. With steady resistance to cross the $38k mark, BTC held steady above $37k over the weekend. Investors feel that BTC’s price action is beginning to show downside correction. If BTC fails to rise beyond $38k, it could see start a fresh decline for itself, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures

SME) IPOs to hit the primary market this week. However, Swashthik Plascon has already opened for subscription and will close this week. Amic Forging The Rs 31.73 crore initial public offering of Amic Forging will open for subscription on Wednesday, November 29, and close on December 01, 2023. Investors can bid for a minimum of 1,000 shares. Amic Forging IPO's price band is set in the range of Rs 121 to Rs 126. The issue will be listed on BSE SME. Deepak Chemtex The Rs 20.76 crore initial public offering of Deepak Chemtex will open for subscription on Wednesday, November 29, and close on December 01, 2023. Deepak Chemtex IPO's price band is set in the range of Rs 76 to Rs 80. Investors can bid for a minimum of 1,600 shares. The issue will be listed on BSE SME. Graphisads The Rs 50.72 crore initial public offering of Graphisads will open for subscription on Thursday, November 30, and close on December 5, 2023. Investors can bid for a minimum of 1,200 shares at an issue price of Rs 111 apiece. The promoters' holding after the issue will be 73.66%. The issue will be listed on NSE SME. Net Avenue Technologies The Rs 8.65 crore initial public offering (IPO) of Net Avenue Technologies will open for subscription on Thursday, November 30, and close on December 4, 2023. Investors can bid for a minimum of 8,000 shares. Net Avenue Technologies IPO's price band is set in the range of Rs 16 to Rs 18. The promoters' holding after the issue will be 33.28%. The issue will be listed on NSE SME.

share allotment of Tata Technologies IPO is expected to be finalised tomorrow. Investors received shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE. Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop down. Step 3: Enter the application number or PAN number to check the allotment status.

sticky funds, which include the corpus owned by sovereigns, pension managers, global central banks, and majority state-owned foreign entities, continue to put money into Indian equities despite the circumspect approach toward local risk assets by a section of investors based at global financial hubs. The share of such funds in the total overall FPI equity portfolio reached a record high of 25% in October 2023, data from NSDL showed. This would mean 10% of the free float market capital is held by sticky funds domiciled overseas.

Uttarkashi tunnel rescue LIVE: In Uttarakhand's Uttarkashi a portion under-contruction tunnel from Silkyara end caved in on November 12 trapping 41 workers. The workers have been trapped since and rescue operation is ongoing. The multiple-agency led rescue efforts initial plan was to rescue workers through horizontal drilling with the expertise of international tunnelling experts.

Independent market expert Mahantesh Sabarad says “this could probably be the good time to lock in your home buying activity because you will potentially see interest rates falling as you go ahead because most of the home loans are variable interest rate structured, you will tend to find that benefit coming in. I do not believe that this is the time to get into the cement companies as a play on the real estate sector. ” Do you think cement and building materials is a better way to play the real estate theme right now because the real estate developers themselves have run up quite substantially? Yes, sometimes it does make sense to play in the real estate segment through the cement companies but not always.

under-construction tunnel on the Brahmkhal-Yamunotri highway collapse following a landslide at around 5.30 am on the day of Diwali in Uttarakhand's Uttarkashi. The district administration launched a rescue operation. - November 13: CM Pushkar Dhami visited the spot and contact is established with the trapped workers through a pipe meant to supply oxygen to them.

National Pension System (NPS) helps you to save tax in several ways. There are only 10 NPS fund managers at present and the table below compares their performance.

global megatrends in 5G, data centers, electronic vehicles, healthcare, artificial intelligence, and Industry 4.0. Three EMS players namely Kaynes, Avalon, and VVDN entered into Transfer of Technology (ToT) licensing with the Central government for the development of Advanced Computing (CDAC) for developing ‘high performing computing servers (HPC)’. The supply chain has still not come up in India and EMS players are dependent on component imports. The government has recently given approvals for defence acquisitions/procurements amounting to ~INR78b. In the long term, combined revenue for the MOSL EMS coverage basket is poised to register a 38% CAGR over FY23-26E, aided by an improvement in high-value product mix (box builds) and increasing order flows from high-margin industries such as A&D, Clean Energies, Industrials, etc. Consequently, combined EBITDA margin is likely to expand by a few basis points more to reach ~14.0% by FY26, with EBITDA CAGR of ~40% to reach INR19.8b over FY23-26 from INR7.3b only in FY23 The Jul-Sep quarter is a seasonally weak period for the EMS industry.

Investors in the first tranche of sovereign gold bonds (SGB), launched in November 2015, have made an annualised return of 10.87%. The Reserve Bank of India (RBI) announced a final redemption price of ₹6,132 per gram of gold when these bonds mature on November 30. In addition to this, investors have also earned an annual interest of 2.5% on these bonds every year and capital gains for those who held these bonds are tax-free. During the same period, the Nifty 50 returned an annualised 12.1%. The first tranche of the SGB was open for subscription from November 5-20, 2015. SGBs were launched by the government as a substitute for physical gold and provided an alternative investment instrument linked to gold. So far, the government has made 68 tranches of these issues since November 2015. An allocation to gold reduces volatility in portfolios and acts as a hedge against rising inflation, and financial planners recommend a 10% allocation to the yellow metal. They argue that allocation to the metal using SGBs is one of the best ways to take exposure to the asset class. SGBs work very well on the tax front as capital gains are tax-free on maturity. By contrast, gains in gold funds or ETFs are taxed at the same rate as an individual's tax slab, which could mean a tax of 30%+ for rich investors. Investors can buy a minimum of 1 gram with a cap of 4 kg in a financial year.

Crisil expects the Indian tea industry to witness an 8% decline in revenue this fiscal year. During FY23, India’s tea exports stood at $817.54 million. “Domestic demand, which accounts for 82% of sales volume, should remain steady at 1,100 million kg this fiscal.

The landscape of Indian higher education institutions (HEIs) is experiencing rapid evolution, propelled by factors such as changing student expectations, a renewed emphasis on research quality and innovation, burgeoning global collaborations, a fervent desire for international recognition and intense competition in the academic sector among both public and private players. This transformation is also fuelled by accrediting bodies and ranking entities like NAAC, NBA, NIRF, UGC and AICTE, which wield substantial influence, shaping the academic landscape in terms of peer standing, access to grants and funding, student preferences, branding, faculty recruitment and development, and the introduction of new courses.

Unprecedented Accumulation of Wealth Caused by Bitcoin

SYDNEY (Reuters) — The Australian government will introduce legislation this week that would give the central bank's independent expert members more responsibility for setting interest rates with a new specialist monetary policy board.

Meena is far more comfortable now with hailing an autorickshaw in Bengaluru. Namma Yatri, the Bengaluru-based autorickshaw service built on a digital public goods framework, knows she needs a ride that’s disability-friendly. The autorickshaw driver who goes to pick her up is trained and aware of the needs of persons with disabilities, a factor that allows Meena to be more mobile and independent.

The Securities and Exchange Board of India (SEBI), during its board meeting on Saturday, made several decisions, including those related to fractional ownership, with the overarching goal of protecting the interests of investors.