Experts Financial News

Industry fund heavyweight AustralianSuper will reject the $18.7 billion takeover offer from Brookfield and partner EIG for Origin Energy, firming up pressure on the North American consortium to raise their bid despite no rival contender in sight.

German Chancellor Olaf Scholz has met with Nigerian President Bola Tinubu as part of a West Africa tour as the European country looks to diversify its trade partners and expand economic partnerships in the energy-rich region

Elon Musk is expected to attend a global summit on artificial intelligence in Britain this week, according to a government official. Britain is bringing together representatives of AI companies, political leaders and experts on Nov. 1-2 to discuss what some see as the risks posed by AI, with an aim of building an international consensus on its safe development.

₹49,321 crore, or $5.9 billion, and strong profitability growth in India, as per data from its filing with the Registrar of Companies (RoC). “Apple topped the smartphone revenue chart in India in the first six months, and has also had a very strong two months festive season sales. Due to this, there is strong probability Apple could pip Samsung to the top spot in smartphone revenue in India," said Navkendar Singh, associate vice-president for client devices , International Data Corp.

WTO members to reform the dispute settlement body of the World Trade Organisation, as the present informal deliberations are creating hindrance for several nations to participate in the talks, an official said. The official added that formal talks on the subject can help in arriving at some kind of consensus by the 13th ministerial conference (MC), the highest decision making body of the WTO, in Abu Dhabi in February next year. The issue came up for discussion during a recent meeting of senior officials of WTO members in Geneva last week.

real estate. Together, the two industries account for three out of five insolvency cases admitted in India but have thus far yielded vastly contrasting outcomes. Manufacturing made up 38% of all such cases admitted until September 2023 since the Insolvency and Bankruptcy Code (IBC) came into force late 2016, but its share in the resolved cases was as much as 48%.

(Reuters) -General Motors and the United Auto Workers (UAW) union reached a tentative agreement, two sources familiar with the matter told Reuters on Monday, effectively ending the simultaneous strike against the Detroit Three automakers with record wage and benefit hikes.

Sam Bankman-Fried was challenged on Monday over interviews following the cryptocurrency exchange's collapse, in which he said he was not involved in his Alameda Research hedge fund's trading. The questioning by prosecutor Danielle Sassoon, on the second day of Bankman-Fried's testimony in his own defense at his fraud trial, was part of an effort to undercut the 31-year-old former billionaire's credibility after he told jurors last week he did not steal customers' money.

ANI reported. Earlier on Monday, the protest over the Maratha reservation turned violent as demonstrators vandalised and set ablaze the residence of NCP MLA Prakash Solanke in the Beed district of Maharashtra. "I was inside my home when it was attacked.

By Michael Erman

Reliance Industries, HDFC Bank and ICICI Bank helped the indices rebound from early lows amid a mixed trend in global markets. Besides, weakening Brent crude oil prices overseas also boosted investor confidence amid simmering tensions in the Middle East, traders said. Recovering after a sharp sell-off in morning trade, the 30-share BSE Sensex jumped 329.85 points or 0.52 per cent to settle at 64,112.65.

India recently chose to abstain from a UN General Assembly vote that sought a humanitarian truce and the protection of civilians amid the intensifying conflict between Israel and Gaza, drawing significant domestic scrutiny. Here's a breakdown of India's decision and its implications - The UN General Assembly's resolution called for an “immediate, durable and sustained humanitarian truce leading to a cessation of hostilities", especially given that the death toll in Gaza has reportedly surpassed 8,000, due to Israel's ongoing airstrike campaign. The conflict escalated following Hamas' attacks in Israel on 7 October, leading Israel to launch a ground offensive into Gaza.

Does clubbing of income under Section 64 apply if a housewife saves money from household expenses to invest in schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) etc? Tilak Nath Sinha recently wrote to FE Money asking this question.

In order to offer retail investors a chance to invest in India’s consumption potential, asset management companies are launching consumption funds. These open-ended funds aim to generate long-term capital growth from an actively managed equity portfolio of companies which will benefit from consumption and consumption-related activities.

Fractional ownership of real estate is fast emerging as a promising investment instrument in India for investors, particularly HNIs, and even end-users, which may help them earn steady returns of 8-10 per cent from the booming real estate market, opine industry experts.

F-16 Fighting Falcon fighter jets. Over the weekend, Denmark and the Netherlands announced that they would begin sending F-16s to Ukraine as soon as the training of the first group of pilots to fly them is complete. The Danish air force will donate 19 F-16s (upgraded in recent years) and the Dutch an as yet unclear number of the 42 F-16s they possess.

Indian markets have been under pressure in October, down 2.5 percent as ucertainties from the Israel-Hamas conflict along with rising bond yields and crude oil prices, and continued foreign investor outflows continue to weigh. Investors concerned about a longer period of high rates have also kept the markets on the sidelines. Meanwhile, from their peaks hit in September, the indices have lost over 5 percent each.

The NSE Nifty index closed 93.65 points up at 19140.9, while BSE Sensex ended up 329.85 points at 64112.65. On the other hand, UPL Ltd.(down 3.58 per cent), Tata Motors Ltd.(down 1.96 per cent), Maruti Suzuki India Ltd.(down 1.54 per cent), Axis Bank Ltd.(down 1.35 per cent) and Bajaj Auto Ltd.(down 1.20 per cent) were among the top losers of the day.

The NSE Nifty index ended the session 93.65 points up at 19140.9, while BSE Sensex rose 329.85 points to 64112.65. In the Nifty index, Bharat Petroleum Corporation Ltd.(up 3.57 per cent), UltraTech Cement Ltd.(up 2.33 per cent), Oil And Natural Gas Corporation Ltd.(up 2.19 per cent), Reliance Industries Ltd.(up 2.06 per cent) and SBI Life Insurance Company Ltd.(up 1.79 per cent) stood among the top gainers.

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

Relative Strength Index (RSI). In this article, we'll delve into what RSI is, its relevance in stock analysis, and present a curated list of 5 stocks that have witnessed an upward trend in their RSI. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of a stock's price movements.