Experts Financial News

R.N. Das recently gifted some money to his daughter and son-in-law. While Das is living in India, his daughter and son-in-law are NRIs and living abroad currently. Both of them are also employed abroad and filing tax returns in that country.

ICICI Lombard General Insurance Company Ltd. rose 0.76 per cent to Rs 1367.25 in Thursday's trade as of 12:32PM (IST) even as the benchmark Nifty ruled at 19087.55, up 98.4 points. The scrip had closed at Rs 1356.9 in the previous session.

Havells India Ltd. traded 1.29 per cent higher in Thursday's session at 12:38PM (IST). The stock opened at Rs 1251.35 and has touched an intraday high and low of Rs 1261.0 and Rs 1241.6, respectively, during the session so far.

Skipper jumped 7.4% to Rs 252.3 in Thursday's trade on BSE after the firm won orders worth Rs 924 crore from Power Grid Corporation of India and for several other domestic T&D projects, including Telecom. Skipper said in an exchange filing that the firm won orders in the domestic T&D business of Rs 788 crore from Power Grid Corporation of India Ltd (PGCIL), and orders worth Rs 136 crore for several other domestic T&D projects including Telecom. At 11.22 a.m., the scrip was trading 3.2% higher on BSE. Meanwhile, Skipper has also given multibagger returns to its investors as the stock has gained nearly 110% in the last six months, while it has gained over 220% in the last two years and over 400% in the last three years. Sharan Bansal, Director Skipper, said, «We are pleased with the new order inflows of Rs 924 crore from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs 2,727 crore, registering an impressive ~220% growth over last year till date.» Bansal further added, «Going forward, the marketplace looks exciting and ripe with opportunities.

Tata Motors Q2 Results: Tata Motors, the passenger cars and commercial vehicle manufacturer, is set to announce its financial results for the quarter ended September 2023 today. The automobile major is expected to remain profitable during the quarter as against reporting a net loss in the corresponding quarter of last fiscal.

NRI to invest their foreign income is a Rupee deposit dubbed as NRE Fixed Deposits. In such deposits, overseas income is fully repatriable, and you can borrow up to 90% of your deposit at competitive interest rates. You can also earn substantial tax-free income with this type of account. While the minimum tenor starts from 1 year in most banks. Here is a quick comparison of NRE fixed deposits 2023 of banks such as SBI, HDFC Bank, ICICI Bank, Canara Bank and PNB. Over 9% FD interest rates for senior citizens:Check these 7 banks

Tata Power Company Ltd. traded 1.75 per cent up at Rs 241.05 at around 11:36AM (IST) on Thursday. The stock had closed at Rs 236.9 in the previous session.

air quality is expected to get worse in the next few weeks, Delhi Pollution Control Committee (DPCC) has warned. The air quality in the national capital has deteriorating into the 'very poor' category in the past five days.

LTIMindtree Ltd. traded 0.8 per cent up at Rs 5037.35 on Thursday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 412.15 points to 64003.48. As many as 4,693 shares changed hands on the counter with a total value of Rs 2.38 crore.

MphasiS Ltd. traded 1.85 per cent up in Thursday's trade at 11:31AM (IST). Around 1,620 shares changed hands on the counter.

Ashok Leyland Ltd. traded 1.51 per cent up at Rs 167.45 at 11:16AM (IST) on Thursday, even as BSE benchmark Sensex gained 447.52 points to 64038.85. The scrip had closed at Rs 164.95 in the previous session.

The NSE Nifty index traded 136.8 points up at 19125.95, while BSE Sensex was up 448.56 points at 64039.89 as of 11:15AM(IST)on November 02. In the Nifty index, Britannia Industries Ltd.(up 2.68 per cent), Adani Enterprises Ltd.(up 2.20 per cent), IndusInd Bank Ltd.(up 1.98 per cent), Apollo Hospitals Enterprise Ltd.(up 1.50 per cent) and Coal India Ltd.(up 1.40 per cent) were among the top gainers.

Cholamandalam Investment & Finance Company Ltd. traded 0.59 per cent up in Thursday's trade at 11:21AM (IST). Around 9,121 shares changed hands on the counter.

SRF Ltd. traded 1.79 per cent up in Thursday's trade at 11:11AM (IST). Around 6,046 shares changed hands on the counter.

Meanwhile, on a consolidated basis, net revenue went up 4% to Rs 3,905 crore, from Rs 3,764 crore in Q2FY23. EBITDA (Earnings before interest, tax, depreciation and amortisation) increased to Rs 597 crore, as against Rs 305 crore in the year-ago period. The margin for the quarter under review came at 15.11%, up from 7.91% in the year-ago period. The tyre maker also approved an investment of Rs 1,025 crore for manufacturing capacity expansion.

IndusInd Bank Ltd.(up 1.98 per cent), IDFC First Bank Ltd.(up 1.72 per cent), Punjab National Bank(up 1.64 per cent), Bank of Baroda(up 1.61 per cent) and Kotak Mahindra Bank Ltd.(up 1.23 per cent) were among the top gainers. were the top losers on the index.

Federal Reserve held interest rates steady, raising expectations that the Fed may be done with interest rate hikes. According to a Reuters report, the dollar index declined 0.5 per cent, while benchmark US 10-year note yields fell to a more than two-week low. The US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent.

US Federal Reserve was a bit dovish in its policy meeting. The local currency opened 7 paise higher at 83.21 a dollar as compared to previous close of 83.28. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51% lower at 106.34.

Kaynes Technology India Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 13479.47 Crore) operating in General sector. Kaynes Technology India Ltd.

Dwarikesh Sugar Industries(up 1.94%), Dhampur Sugar Mills(up 1.42%), Rajshree Sugars & Chemicals(up 1.37%), Mawana Sugars(up 1.22%), Rana Sugars(up 1.21%), MAGADHSUGAR(up 1.21%), Sakthi Sugars(up 1.19%), Vishwaraj Sugar Industries(up 1.18%), DCM Shriram Industries(up 1.15%) and EID Parry(up 1.09%) were among the top gainers. BAJAJHIND(down 0.89%) and Uttam Sugar Mills(down 0.79%) were among the top losers.

Tube Investments of India Ltd.(up 2.24 per cent), Ashok Leyland Ltd.(up 1.42 per cent), Tata Motors Ltd.(up 0.66 per cent), Samvardhana Motherson International Ltd.(up 0.65 per cent) and Maruti Suzuki India Ltd.(up 0.64 per cent) were among the top gainers. Hero MotoCorp Ltd.(down 0.72 per cent) and Balkrishna Industries Ltd.(down 0.03 per cent) were the top losers on the index.