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29.05 / 12:57
29.05 / 11:39
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Average increase of 43% in assets of 324 MPs recontesting LS polls: ADR analysis of last 5 years
increase of 43 per cent over the last five years in the assets of 324 MPs who have entered the poll fray again in this Lok Sabha elections, according to an analysis by a poll rights body. The average assets of these MPs in 2019 was around Rs 21.55 crore while in the current electoral cycle, the average asset value has increased «significantly» to Rs 30.88 crore, marking an increase of Rs 9.33 crore over the past five years, the Association for Democratic Reforms (ADR) said in a report. It analysed the financial growth among Members of Parliament (MPs) recontesting in the 2024 general elections. The counting of votes for the seven-phase polls will be taken up on June 4. The percentage growth in assets for these 324 MPs between the 2019 and 2024 polls averages at 43 per cent, the ADR said.
29.05 / 11:39
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Mutual fund SIP inflows jumped over 2 times in Narendra Modi's second term as PM
SIP contribution by mutual fund investors has grown over two times in Narendra Modi’s second term as PM from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison), an analysis by ETMutualFunds showed. The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by the Association of Mutual Funds in India (AMFI). The number of mutual fund folios have surged by around 118% from 8.32 crore in May 2019 to 18.14 crore April 2024, according to the data of folios released by AMFI.
29.05 / 11:27
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Was Mahatma Gandhi unknown before the 'Gandhi' film? A look at his famous statues worldwide
ABP News on May 29, PM Modi said, "In the last 75 years, wasn't it our responsibility to make Mahatma Gandhi known across the world? Forgive me, but nobody knew Mahatma Gandhi. The curiosity about him grew in the world after 'Gandhi' film was first made.""The role of this nation was – if the world knows Martin Luther King and Nelson Mandela, Gandhiji was no less than them. Gandhi and India should have been given importance through Gandhi," the Prime Minister said.Gandhi, the biographical movie based on the journey of the Father of the nation, the was released in 1982.
29.05 / 10:49
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Schneider Electric stock hits 5% lower circuit for 4th day in a row, down 22% from recent high – here's why
Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has seen its shares hit the 5% lower circuit limit for the fourth consecutive day on Wednesday. During this period, the shares have fallen from ₹916 apiece to the current level of ₹746.30, marking an 18.52% decline.This recent drop has also led the stock to correct 22% from its recent all-time high of ₹954.35.
29.05 / 10:49
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How to invest in mutual funds online for minors
Mint have mentioned how they benefit from investing early for their children. Anyone under the age of 18 (a minor) can invest in mutual funds with the help of a parent or legal guardian. The minor must be the sole account holder, but since a minor is not allowed to make financial decisions on their own, a parent or guardian can act as the custodian of the minor’s account.
29.05 / 10:49
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Universal VulKaan Aviation eyes Indian market for chopper sales
NEW DELHI:Universal VulKaan Aviation, a Singapore-based company, is set to venture into India as its next growth market, aiming to sell over 30 helicopters within the next three years, senior officials told Mint in an interaction.This ambitious plan, which includes both pre-owned and new helicopters, is set to reshape the country's helicopter landscape. The company, a distributor for Leonardo helicopters in India, has already engaged in discussions with private charter companies and state governments, they added."The helicopter market in India has not reached its full potential, with only 250 machines in operation," said Harinder Jeet Singh Commar, partner at Universal VulKaan Aviation.
29.05 / 10:31
29.05 / 09:47
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Not a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says this is a market where once the event is over, people will refocus on earnings, refocus on growth, refocus on India's long-term economic potential and the resultant expansion in market cap due to that and which companies will benefit the most. So, the whole conversation will change into that direction. Investors should look beyond just this June 4th date and look where the investment opportunities are for the next five years
29.05 / 09:47
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Monsoon hitting Kerala in hours. Check IMD's weather forecast for Andhra, Telangana, Karnataka, Tamil Nadu
Kerala within the next 24 hours, with expectations for it to also advance into some parts of the northeastern states, the India Meteorological Department said in its latest update. Furthermore, the IMD said, the conditions support the further progression of the southwest Monsoon into additional areas of the South Arabian Sea, the remaining regions of the Maldives and the Comorin area, parts of the Lakshadweep area, and further regions of the Southwest and Central Bay of Bengal, the Northeast Bay of Bengal, and parts of the Northeastern states during this period.
29.05 / 09:03
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Quebec City or Edmonton? Who’s moving where for affordable housing
Real estate professionals would use the old phrase “drive until you qualify” to give prospective homebuyers in Canada’s biggest cities an idea of how to break into the housing market: essentially, get out of the expensive urban areas to find a cheaper home you can afford.
29.05 / 05:03
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Auto loans, variable mortgages weigh on Scotiabank earnings
Rising strain in auto loans and Canadian mortgages led Scotiabank to set aside more money in case they go bad, leading to a drop in second quarter profits.
29.05 / 04:39
29.05 / 03:39
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Stocks to buy or sell: Glaxo to Glenmark Pharma — Sumeet Bagadia recommends five breakout stocks today
Stocks to buy or sell: Following weakness in the global market, the Indian stock market concluded lower for the third consecutive session on Tuesday. All three frontline indices remained highly volatile throughout the Tuesday session and ended lower. However, the Nifty 50 index sustained above the crucial support range of 22,750 to 22,800.
29.05 / 03:39
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‘It was our fault…': Pakistan violated peace agreement with India in 1999, says former Pak PM Nawaz Sharif
Nawaz Sharif has admitted that his country “violated" a peace agreement with India in 1999.This disclosure came as Sharif assumed the Pakistan Muslim League's (Nawaz) presidency, six years after being disqualified by the country's Supreme Court.“On May 28, 1998, Pakistan carried out five nuclear tests. After that Vajpayee Saheb came here and agreed with us. But we violated that agreement...
29.05 / 01:47
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Top events of the day: PM Modi in Odisha, Ztech India IPO, Tata Steel Q4 earnings report and more
Top events of the day: Today's highlights include Prime Minister Narendra Modi's Odisha rallies, the NSE's ban on trading five stocks like Biocon and Vodafone Idea in the F&O segment, and Ztech India's IPO launch priced at ₹104 - ₹110 per share. Major companies, including Adani Transmission, IRCTC, and Tata Steel, are reporting Q4 earnings. Additionally, the NTA rescheduled CUET UG 2024 exams for Kanpur, Delhi, and Silchar centers due to paper distribution issues, with admit cards now accessible online.Prime Minister Narendra Modi is scheduled to visit Odisha today.
29.05 / 01:47
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IPL 2024: 5 key decisions that defined the season
₹24.75 crore to acquire Mitchell Starc. After a poor start to the season, the Aussie speedster turned out match-winning performances when it mattered the most: the qualifier and final. Rohit Sharma led Mumbai Indians (MI) to five IPL titles after taking over the captaincy from Sachin Tendulkar and Ricky Ponting in 2013.
29.05 / 01:23
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High win margin for PM Modi's third term may result in gains of about 3% in NSE Nifty 50 Index, says report
Narendra Modi’s party to win more than 303 seats in the general election to extend their record rally, according to a Bloomberg News survey of market participants. A smaller majority for the ruling Bharatiya Janata Party may lead to a drop of about 2% in the NSE Nifty 50 Index, with the rupee and sovereign bonds also expected to fall, according to a mean of forecast by 32 asset managers, strategists and dealers.
29.05 / 01:23
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Stock market today: Biocon, Vodafone Idea, Piramal Enterprises among five stocks on F&O ban list on May 29
F&O ban list: The National Stock Exchange (NSE) has banned trading in five stocks on Wednesday, May 29, 2024, in the futures and options (F&O) segment due to their exceeding 95% of the market-wide position limit (MWPL).However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: ICICI Direct suggests three shares with 8% upside potential to buy this weekF&O ban list todayAditya Birla Fashion and Retail, Biocon, Hindustan Copper, Vodafone Idea, and Piramal Enterprises are among the five stocks on the NSE's F&O ban list for May 29.The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and have been currently placed in the ban period by the stock exchange.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.
29.05 / 00:49
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Sanjay Nayar’s Sorin Fund raises Rs 1,350 crore
Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.
29.05 / 00:49
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Indian IT sees deal tenures shrinking in rich neighbourhoods
deal tenures for India’s over $250-billion outsourcing industry. At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.
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