Experts Financial News

India’s private sector investment pickup will not be broad-based and will follow the pattern of international investments in the country, said a top functionary of management consultancy firm Arthur D Little. “Private capex will not be so spread out across sectors. Those sectors where international players have come in, you will see private capex coming in because there will be support infrastructure required for those large industries,” Thomas Kuruvilla, managing partner of Arthur D Little Middle East and India, told ET. Experts have been pointing out that private investment will be the primary driver of economic activity in the coming fiscal year. “We have many international investors coming into India, like Apple.

sovereign gold bond (SGB) scheme at Rs 6,132 per gram and fixed the redemption date as November 30, Thursday. The investors who invested in the scheme have made an income of a whopping 128% (Rs 3,448) over the issue price of Rs 2,684 per gram. This does not include an interest income of 2.5% given by the government. The first tranche of the SGB (SGB 2015-I) was launched on November 5 and was available for subscription till November 20, 2015.

Life Certificate required to be submitted by pensioners to continue receiving pension without a break. All central government and state pensioners must submit an annual Life Certificate to approved pension disbursing agencies, such as the bank, each November in order to continue receiving their benefits. How a family pensioner can submit video life certificate However, in case of senior Pensioners of the age of 80 years and above, Life Certificate can be submitted from October 1st. Life certificate in both cases, would be valid till 30th November of the subsequent year. A Life Certificate can be submitted manually or digitally as per convenience of the pensioner. Following are the modes of submitting the Life Certificate: · At home · At Common Service Centres (CSCs) · At Pension Disbursing Banks · At the offices of more than 50 Pensioners’ Welfare Association · Digital ways

LIC, whose initial public offering was worth Rs 21,000 crore, by garnering a record number of 73.58 lakh applications. Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LIC's record of 73.38 lakh applications in May 2022. On Dalal Street, Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008. Tata Tech IPO Tata Tech IPO saw huge investor interest with the QIB portion getting subscribed 203 times, with the HNI portion receiving bids 62 times the amount on offer.

Uttarkashi to take stock of the ongoing rescue operation underway at the Silkyara tunnel. Speaking to the media, Dhami said on Saturday that Prime Minister Narendra Modi is very sensitive towards the workers trapped in the Silkyara tunnel and he is taking detailed information every day about the well-being of the workers. Expressing hope for the successful rescue of the trapped workers, Dhami said, «We will soon be successful in evacuating the labour brothers safely.» «Prime Minister Narendra Modi is very sensitive towards the workers trapped in Silkyara, Uttarkashi Tunnel. The Prime Minister is taking detailed information every day about the well-being of the workers and the ongoing relief and rescue operations in the tunnel.

closely monitoring the recent outbreak of H9N2 cases and clusters of respiratory illness among children in northern China. The Ministry of Health and Family Welfare issued a press release addressing concerns raised by some media reports about the clustering of respiratory illness cases in the region. Also Read | Mysterious pneumonia outbreak in China: Hospitals overwhelmed as cases surge, WHO issues advisory – All you need to know The press release reassured that there's a low risk to India from both the avian influenza cases and the clusters of respiratory illness reported from China.

Buy or sell stocks: Indian stock market continued to trade choppy throughout the week despite Nifty 50 index forming bullish candle on the weekly chart pattern. The 50-stock index went off 7 points and closed at 19,794 levels, BSE Sensex ended 47 points lower at 65,970 mark whereas Bank Nifty index gained 191 points and finished at 43,769 levels on Friday last week. Broad market indices ended marginally higher even as the advance-decline ratio closed at 1.16:1.

BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments. A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning off its units into separate businesses. But in an interview with The Wall Street Journal this week, Anderson said the company couldn’t be distracted from the tough restructuring to fix the businesses.

Bank of India (RBI) has tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans. Fintech lenders may face the brunt of RBI's tightening of capital norms for unsecured lending.

This echoes a sentiment familiar to investors in the stock market. Investors often fixate on the end result i.e. returns while neglecting the critical factors that are within their control namely risk, cost, time, and emotion. In both cricket and investing, the tricky part is feeling like you're in charge when, in reality, some things are beyond your control. Cricket teams make plans, but things like weather and how well the opponent plays can change everything. Similarly, investors can study stocks, but the ups and downs of the market, global events, and economic changes are not something they can control. Now, let's take a closer look at the usually overlooked factors of risk, cost, time, and emotion, and see how they can affect the results of your investments. Finding the Right Balance between Risks and Returns: Investing in the stock market is like walking a tightrope; you need to balance making money with being careful not to lose it all. Central to this balancing act is the concept of position sizing, which involves determining the appropriate number of shares or the amount of investment in a specific security. With a motive to earn higher returns, investors frequently overlook diversification and position sizing. For example, an investor has Rs. 1,00,000 and focuses on an investment that is expected to generate 20% returns within a month. By focusing on returns, he will tend to invest the majority of his funds in that scrip thereby increasing his risk appetite. In essence, the wisdom lies not only in seeking gains but in creating a defensive playbook against market volatility.

block deals. Over three dozen listed companies witnessed sizable deals worth Rs 6,907 crore on screen which included both buying and selling action.

Mumbai Police has formed a four-member special team to investigate the 'Mahadev betting app case'. The team includes experts in cybertechnology and financial crimes. FIR registered at Matunga police station in the case has been transferred to the Mumbai crime branch. A case has been registered against the promoters of the Mahadev Book Betting App, Saurabh Chandrakar, Ravi Uppal, Shubham Soni, and 29 others in the Mahadev betting app case. In this case, there are allegations of fraud of 15,000 crore rupees along with match-fixing, illegal hawala, and cryptocurrency transactions. The investigation of the case is now being done by the Crime Branch. Earlier on November 14, Mumbai Police registered a case against 32 people, including the director of Dabur, Gaurav Burman and company chairman Mohit Burman, alleging a connection to the betting app scam.

Titan, one of the flagship companies of Tata Group, recently crossed the Rs 3 lakh crore market cap on the back of a bumper surge in the last 10 years. The shares have jumped a massive 1400% over the last decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly Rs 1.4 lakh. In the last five years, the stock has more than tripled investors' wealth.

Sovereign Gold Bond (SGB). SGB 2015-I tranche is due for redemption on November 30, 2023. Sovereign Gold Bonds: What are the tax implications? The first SGB was released on November 30, 2015. In accordance with the terms of the arrangement, the bonds must be repaid eight years after they are issued. As a result, on November 30, 2023, the first tranche of SGB will mature.

Bonus shares, stock split: Shares of Standard Capital Markets Limited will be in focus when Indian stock market opens on Tuesday after extended weekend as stock market holiday falls on Monday due to Gurunanak Jayanti celebrations across nation. In meting held on Friday, the board of directors of the company has considered and approved proposal for issuance of bonus shares and stock split.

I have been a non-resident for the last ten years. I am buying a property in India for investment purposes. I have an NRO account in India. Can I borrow from my relatives and deposit the same in my NRO account? Is it necessary to show proof of the source of the funds I am getting from relatives to NRO? Are there any tax regulations I need to comply with? Under the provisions of FEMA non-resident Indians and persons of Indian Origin (POI) are allowed to buy residential properties in India without having to take any specific permissions from the Reserve Bank of India.

IREDA IPO: Subscription for initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) closed on Thursday. As per IREDA IPO subscription status, the public issue got subscribed subscribed 38.80 times whereas its retail portion got subscribed 7.73 times. In the wake of T+3 schedule, most likely IREDA IPO allotment date is 28th November 2023 in case share allotment is not announced today.

how to overcome this cash crunch feeling. Here are some tips shared by money experts. Make a budget to gain a clear understanding of your earnings and outlays.

Amar Ambani, Group President and Head – Institutional Equities at YES Securities. In an interview with ETMarkets, Ambani said, “Domestic liquidity is strong and all we need is some relief on the global front, for FII inflows to resume,” Edited excerpts:

Sujit Kumar Bajpayee, Joint Secretary, Ministry of Environment, Forest and Climate Change. “If your environmental sustainability is good, reporting is good, compliance is good, what you are doing actually is making yourself a strong competitor for exports, because the developed countries definitely are not going to buy from us if we are not compliant to the green norms,” said Bajpayee, at the 20th CII Global MSME Business Summit MSME 2023 on Thursday. The theme of the event was “Business Beyond Borders”.

Regardless of how well you perform in an interview or how prompt you were in delivering your responses, sometimes companies do not find you suitable for a specific role.