Experts Financial News

Treasury yields edged higher on Monday as investors faced increased U.S. government debt issuance while an expected Israeli ground offensive in Gaza remained imminent, keeping the bond market in a tentative mood. Israeli forces kept up their bombardment of Gaza after diplomatic efforts to arrange a ceasefire to allow foreign passport holders to leave and aid to be brought into the besieged Palestinian enclave failed. Air strikes were the heaviest yet as the conflict entered its 10th day with an Israeli ground offensive of the densely populated coastal strip believed to be close at hand. «It's certainly wait-and-see mode.

New Delhi (India), October 16: In recent times, India has emerged as a dominant force in the world economy, claiming its rightful position at the helm of the Global South. With its economy burgeoning at a staggering speed, and surrounded by giants like China and Russia, India is surpassing economies globally and, more specifically, in South Asia, with impressive momentum. Financial expert, and the founder of Shree Consultants, Mr Kishore Subramanian validates this claim with a range of reasonings listed below: Remarkable Economic Growth: India's economic trajectory has witnessed a blazing speed with a 7% GDP growth and a nominal GDP of more than 14%.

A new study finds that the medicine in the diabetes drug Mounjaro helped people with obesity or who are overweight lose at least a quarter of their body weight

As more children emerge from the pandemic grappling with mental health issues, their parents are seeking ways for them to build emotional resilience

Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional

Open enrollment for Medicare opens Sunday, and seniors could have dozens of options to choose from

As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.

Fixed deposit (FD) rates have increased in the last year. FDs are quite popular among senior citizens. Although FDs are known for their safety and insurance coverage up to ₹5 lakh per account, the post-tax returns may not be as competitive. Yes, if you are getting an interest rate of 7 per cent on a term deposit, it does not mean that you will be getting the same post-tax deductions.

Shreyash Devalkar, Head of Equity at Axis Mutual Fund is positive on India’s long-term story even as he believes elevated US treasury yields and the impending slowdown globally could weigh on Indian equities in the short to medium term. In an interview with Mint, Devalkar shares his views on markets and his expectations from Q2FY24 earnings. Indian equities have seen remarkable performance compared to global major indices.

₹438.35 apiece on NSE. The then beaten down stock bottomed out at its record low and witnessed strong bottom fishing by value pickers. This value picking has paid dividend to those value investors as it has ascended to the tune of ₹935 apiece levels today after bottoming out from its record lower levels.

By Ju-min Park

Paytm to Rs 1,250, signalling a potential upside of about 30% from current levels, global brokerage firm Goldman Sachs said it expects the fintech major to be the most profitable company within the internet sector. «Paytm’s operating metrics have been surprisingly positive, and we are further raising our FY24-26E EBITDA estimates by 2-5%, with our target price moving to Rs 1,250 (was Rs1,200),» Goldman said, adding that it has a forecast of 30% YoY revenue growth for Paytm in Q2. Paytm is seen turning net income positive in FY25, which could be a catalyst for the stock. «At 37x FY26 P/E, Paytm trades at a 20%/50% discount to Zomato/Nykaa, which we do not see as justified given Paytm’s growth profile (26% FY23-25E revenue CAGR),» Goldman said. Besides continued momentum in lending and payments, resolution of outstanding regulatory issues (customer onboarding ban on Paytm Payments Bank or online merchant onboarding ban), and/or inclusion of a bank as a lending partner could act as catalysts for Paytm. The stock has rallied over 76% so far in the calendar year 2023. «Investor pushbacks have been around negative impact on Paytm from a potentially adverse credit cycle, and while we expect Paytm to prioritize credit quality over growth, we expect FY25 financial services revenues to still grow 36% YoY (vs 61% in FY24),» Goldman analysts said. Global brokerage Bernstein recently added Paytm in its list of 12 bottom-up ideas for the rest of the year saying that the company appears to be on the right side of disruption with its dominant payments platform and a head start in digital credit products. «Its underwriting and collection outcomes are impressive too, but remain untested through a full credit cycle.

festive season and developers announcing new launches and new offers with freebies during these months, the demand usually remains high. The added benefit for customers would be no rise in home loan EMIs. This would definitely enhance the joy of festivities for homebuyers," said Rahul Mehrotra, MD & CEO, of Religare Housing Development Finance Corporation Limited (RHDFCL).

State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social media. SBI WhatsApp banking: How to use, what services are available In one of the announcements on the social media X, SBI posts, «Dear customers, We have undertaken technology upgradation, due to which you may face intermittent fluctuations in Bank’s UPI services. We deeply regret the inconvenience which may be causing to you. We will update soon.» According to the SBI reply on X to one of the customers who was facing an issue since 3 days, “We regret the inconvenience caused to you. Our UPI services are facing intermittent fluctuations due to technology upgradation activities. Please retry and revert us for any further assistance.”

Here are 5 important investment questions and their answers for millennials.

Page Industries Ltd. traded 0.25 per cent down at Rs 39200.0 at 12:38PM (IST) on Monday, even as BSE benchmark Sensex gained 38.3 points to 66321.04.

The MCX December gold futures were trading at Rs 59,040 per 10 gram, down by Rs 368, or 0.62%. Meanwhile, the December silver futures were trading at Rs 70,870 per kg, lower by Rs 417 or 0.58%.

The government raised the interest rate on the five-year recurring deposit scheme for the December quarter and retained the rates for all other small savings schemes. The government reviews the rate every quarter.

Gold rate today: Amid ease in Middle East tension after announcement of ceasefire in south Gaza by US, Egypt and Israel, gold price rally took a pause during morning deals and opened lower at ₹59,209 per 10 gm levels. Gold price drifted further down after weak opening and hit intraday low of ₹58,944 levels.

Welcome to the realm of Gold IRA companies, where stability meets growth, and your financial future glistens with promise. As an investor, you understand the importance of diversification and hedging against risk. But what if we told you that there's an investment opportunity that not only provides a hedge against inflation but also offers substantial potential for growth? Yes, we're talking about gold - the timeless treasure that has maintained its value throughout history.