Experts Financial News

high levels of particulate matter (PM) 2.5 pollution, another pollutant, nitrogen dioxide (NO2), is on the rise in Delhi, according to data from the Central Pollution Control Board (CPCB). NO2, primarily stemming from vehicle emissions, indicates a persistent air quality issue in Delhi attributed to vehicular pollution.

personal loan, among others—in June fell from a year ago. Experts said this could be a result of banks turning cautious on such borrowers, especially after small-ticket personal loans have started exhibiting increased delinquencies. “Typically, when lenders want to tighten their risk filters, the new-to-credit customers are the first ones to be filtered off.

₹7,215.83 crore on advertising, promotions and marketing in FY22, an Inc42 analysis said, adding such expenditure is seeing a double-digit growth. Still, it may be difficult for the companies to invoke such clause.

Coinbase will add four national security experts to its Global Advisory Council, it announced on Tuesday.

₹1.69 trillion during March-August also fuelled the rally from the low. They then began unwinding longs and raised bearish bets on cash and index futures, causing the market to plunge from the record high of 20,222.45 to a low of 18,838 on 26 October.

insurance plans (Ulips). Take, for instance, the case of Tushar Jejani, 24, who works as a senior financial analyst at a multinational company in Hyderabad. He was approached by his bank’s relationship manager for an upcoming new fund offering (NFO).

And, it's all possible because prices are dropping for both natural gems as well as lab-grown diamonds (LGDs) as more manufacturers enter this segment of the jewellery market. LGDs have seen price drops in the range of 45-50%, while the natural diamond category has seen a price drop of 35-40%, as the economic slowdown in developed markets of the US and China has hurt demand for the gemstone. Six months ago, a 1-carat LGD ring at the retail level was priced at ₹2 lakh. But now it costs ₹80,000-₹1 lakh.

The British government announced on Tuesday that, under a framework for advancing autonomous vehicles (AV), it would hold the manufacturers of self-driving cars legally responsible for any accidents, rather than the owners. A decision embraced by both insurance companies and AV startups.

«Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow (Wednesday). On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it.

net income, driven by higher unrealized hedging losses that offset increased electricity output to help meet record demand during the hot summer. Vistra said in an earnings release that net income stood at $502 million in the three months ended Sept.

The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The other names include Phoenix Mills, Nazara Technologies, Endurance Technologies, New India Assurance, Godrej Industries, Bata India, MCX, Raymond, Welspun Corp, Easy Trip Planners, Medplus Health, Restaurants Brands Asia, and Landmark Cars. Earnings Expectations BHEL The company is expected to have remained in the red during the September quarter, but the losses are likely to narrow sequentially. On a year-on-year basis, estimates show that the electrical equipment maker will post a loss against a profit in the same period last year. Nuvama Institutional Equities has estimated a net loss of Rs 258 crore, compared to a loss of Rs 352 crore in the June quarter, and a profit of Rs 10 crore in the same period last year.

ICC World Cup 2023 as an underdog, is on the cusp of entering the tournament's semifinals. The Hashmatullah Shahidi-led team has pushed Australia to the backfoot in the ongoing match in Mumbai. At the time of writing this report, Australia were at 52/4 at the end of first powerplay (10 overs), chasing a significantly big target of 292.

Alembic Pharma on Tuesday reported a Rs 137 crore net profit in Q2FY24, which is a 3% year-on-year (YoY) increase compared to the corresponding period of the previous year. The company reported Rs 133 crore in net profit in Q2FY23. Revenues grew 8% to Rs.1595 crore in Q2FY24 compared to Rs 1475 crore last year. The earnings before interest, tax, depreciation and amortization (EBITA) declined 6% YoY to Rs 218 crore.

₹268 to ₹282 per equity share of face value of ₹2. ASK Automotive IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. On day 1, Ask Automotive IPO retail investors portion was subscribed 56%, NII portion was subscribed 41%, and Qualified Institutional Buyers (QIB) portion was booked 3%.

Prestige Estates Projects, Macrotech Developers (Lodha) and DLF, have surged between 58-70 per cent on strong sales momentum despite elevated interest rates. Along with the pent-up demand, realty stocks are riding the strong economic recovery of the country.

Alok Industries will raise Rs 3,300 crore through the issue of Non-Convertible Redeemable Preference Shares (NCRPS) to its parent company Reliance Industries, the company said in an exchange filing on Tuesday. Alok Industries was acquired by Reliance Industries and JM Financial ARC in 2019 under the corporate insolvency resolution process. In a regulatory filing, Alok Industries said, «The company is issuing Rs 3,300 crore NCRPS of Re 1 each in one or more tranches on a private placement basis to Reliance Industries.» The company added that NCRPS will have a dividend of 9 percent per annum on a cumulative basis and is “redeemable at par at any time at the option of the Company within a period not exceeding 20 years from the date of allotment”. In its July-September quarterly earnings, Alok Industries' revenue from operations fell 19.99% from the previous year to Rs 1,359.02 crore. Its loss narrowed from Rs 191.5 crore last year to Rs 174.83 in the quarter.

Shares of LTIMindtree Ltd.(up 0.72 per cent), Tech Mahindra Ltd.(up 0.59 per cent), MphasiS Ltd.(up 0.48 per cent), HCL Technologies Ltd.(up 0.33 per cent) and L&T Technology Services Ltd.(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, Coforge Ltd.(down 0.54 per cent), Wipro Ltd.(down 0.35 per cent), Persistent Systems Ltd.(down 0.31 per cent) and Tata Consultancy Services Ltd.(down 0.28 per cent) finished as the top losers of the day.

Shares of Alkem Laboratories Ltd.(up 5.28 per cent), Gland Pharma Ltd.(up 4.97 per cent), Aurobindo Pharma Ltd.(up 3.29 per cent), Ipca Laboratories Ltd.(up 2.21 per cent) and Zydus Lifesciences Ltd.(up 2.12 per cent) ended the day as top gainers in the pack. On the other hand, Lupin Ltd.(down 0.8 per cent), Divi's Laboratories Ltd.(down 0.72 per cent), Pfizer Ltd.(down 0.71 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(down 0.68 per cent) and Laurus Labs Ltd.(down 0.65 per cent) finished as the top losers of the day.

Gold price declined Rs 250 to Rs 61,500 per 10 grams in the national capital on Tuesday amid weak cues in the global markets, according to HDFC Securities. The yellow metal had closed at Rs 61,750 per 10 grams in the previous trade.

I want to save money for my niece and nephew for their marriage. I don’t want to overburden myself so plan to keep a small amount safely for them. I have two nephews and two nieces, one nephew is in college while the other is in 12th. One niece is in her second year of college while the other is in class 5. Could you suggest some SIP specifically for marriage purposes? Should I start SIP for all individually or one would do depending on the age gap? I belong to a middle-class family.

Benchmark NSE Nifty closed 5.05 points down at 19406.7 amid selling in frontline bluechip counters. However, stocks such as Perfect Infraenginee(PP), Godha Cabcon & Insul, Atam Valves, Winsome Yarns and Compuage Infocom, touched their fresh 52-week lows.