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Manish Chokhani, Director, Enam Holdings, says “in a bull market, if you try to change horses midway, like last year, when a lot of banks did not do well, many thought why don’t I jump to real estate? Next year, I will try tactically to jump from real estate to auto. If you do that, you will miss out by not being invested. If you miss the best 15-20 days of a market in a year, you have basically given away your returns. So, whatever you like and you understand, the market does not owe money to anyone.” Chokahni also says: «If I put FDI, FPI and equities and debt inflows together, the country is slated to be getting in excess of a hundred billion dollars starting post election.» Our theme this year is Yeh Diwali Muskaan Wali (A smiling Diwali). You already have that muskaan (smile) but what is bringing about that muskaan? I was remembering RRR, so thankfully that is not coming back. We have got a better googly for you this time. But yes much like RRR, the way it shot up all the way to the Oscars like Indian equity markets despite all odds? Well a lot of things to feel bullish about.

PV Subramanyam, CEO, Subramoney.com, says “I would rather put it in a multi-asset fund because a multi-asset fund would have 10% of its money in gold. So at any point in time, they will keep selling equity, buying gold or selling debt, buying gold or maybe selling gold and buying equity. That balancing will be done by the fund house and that is more tax efficient than you being able to do it. If you sell gold, you will pay capital gains tax. If you buy more gold, you will pay GST and things like that but if you let the fund manager sell equity, sell debt and buy gold when it is efficient that makes more sense. So a multi-asset fund with 10% in gold or 15% in gold makes more sense and it is more tax efficient also.” During Diwali time, especially Dhanteras, talk about gold is mandated even as we are dealing with a lot of uncertainties right now. There are geopolitical concerns, concerns over crude oil prices, which way they are going to go and of course slowdown in key economies. How important is gold as an investment class today? Normally you tend to have about 5-10% of your portfolio in gold but gold is not very efficiently taxed.

Stock market today: Shares of Manoj Vaibhav Gems N Jewellers Ltd has been in uptrend ahead of Diwali Muhurat trading 2023. Just a month ago, this jewellery stock had a flat listing at ₹215 on BSE and NSE. However, after par listing, this stock has been rising continuously and clombing new highs on a regular basis.

BSF Director General Nitin Agrawal said here Thursday. He attended and inspected a passing out parade of 599 recruits of the BSF at Subsidiary Training Centre (STC) Kashmir at Humhama on the outskirts of the city. Agrawal said the attempts take place every year as the other side tries to push in a maximum number of militants before the snowfall.

Narendra Modi government will continue with its zero-tolerance approach towards illegal immigration and is committed to shielding Bharat from this menace, Union Home Minister Amit Shah said on Thursday. Shah said that pursuing Prime Minister Modi's «vision of a secured Bharat,» the National Investigation Agency has busted five international human trafficking modules.

MPs/MLAs' to monitor early disposal of criminal cases pending against the members of parliament and the legislative assemblies," said one of the directions passed by the bench of Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra. The Supreme Court bench also directed high courts to create an independent tab on the website to provide district-wise information about the details of year of the filing, number of subject cases pending and the stage of proceedings.

Buy or sell stocks: As Diwali Muhurat trading 2023 is fast approaching, stock market investors are looking for value picks, which is expected to generage alpha return in long term. For such investors, Sumeet Bagadia, Executive Director at Choice Broking has some investment tips that investors may like to look at.

₹834-crore worth ASK Automotive IPO, which opened for public subscription on November 7, ends today, November 9. ASK Automotive is a manufacturer of Advance Braking Systems for two-wheelers in India.

India is planning to ease and expand some norms for five sectors to help them better utilise its $24 billion industrial incentives aimed at boosting local manufacturing, two government officials said on Thursday. The 1.97-trillion rupees production-linked incentive scheme (PLI), launched in 2020, covers 14 sectors ranging from electronic products to drones but has been successful only in a handful of them, triggering reviews. The changes are being planned in the textiles, pharmaceuticals, drones, solar and food processing industries, which together form nearly a third of the PLI scheme. The government plans to include more products in the textile sector such as man-made fibre and give firms an additional year to meet the manufacturing targets required to claim incentives for the scheme, the officials said. The scheme will also be extended by a year for the pharmaceuticals sector, while the financial allocation will be raised for incentive payouts to the production of drones to 3.3 billion rupees from the current 1.2 billion rupees, the officials added. For the food processing sector, India plans to extend the scheme to millet-based products and include the production of ingots and wafers in the scheme for the solar module sector, the officials said. India's trade ministry, which oversees the scheme's implementation, is discussing the changes with other federal departments, they said. The officials did not wish to be named as details of the discussions have not been made public. The trade ministry did not respond to an emailed request for comment. «None of the changes currently being discussed require fresh financial allocation, but will draw from the scheme's savings,» one of the officials said. Consumer-goods

The results are starting to trickle in for one of the investment banking sector’s most anticipated annual rankings – the Peter Lee survey, which asks institutional investors to rank sell-side analysts and their trading desks.

Fuels supplier Viva Energy is targeting nearly a 150 per cent jump in earnings from its convenience and fuels retailing business in five years, after paving the way for a huge expansion in convenience retailing that will also make it one of the country’s biggest employers.

UPI is not just a payment system, it is a revolution that connects India with the world. This festive season, let us celebrate the power of UPI and the opportunities it brings for us and our loved ones across the globe," said Amit Nigam, Executive Director & COO, BANKIT. Shikhar Aggarwal, Chairman, BLS E-Services listed three ways in which UPI will help customers in this festive season.

Some policymakers at the Bank of Canada expressed concerns last month that interest rates weren’t high enough to fully tame inflation, according to newly released deliberations that took place ahead of the last rate decision.

Mumbai-Pune Expressway today for six hours, from 11am to 5pm. As per a TOI report, this restriction is due to construction work being carried out by the Mumbai Railway Vikas Corporation Ltd on the Panvel-Karjat suburban rail corridor. Assistant Police Inspector Yogesh Bhosale told TOI that traffic will be diverted at the Panvel exit to travel along the old Mumbai-Pune highway (NH48) via Karanjade and reach Kalamboli circle before heading towards Mumbai.

₹500 crore assignments from the Central Government. According to a report by the The Indian Express, the Big Five consultancy firms bagged 308 assignments from several government departments, 16 ministries, and organsation between April 2017 and June 2022.

Qantas supplied the competition regulator with details of more than 10,000 flights it had cancelled three days before its chairman, Richard Goyder, allowed former chief executive Alan Joyce to sell shares worth $17 million.

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A businesswoman convinced a court to require her ex-partner to acknowledge he made false claims about a cosmetics line called Biologi, which had been promoted as the world’s first skin cream made from a single type of plant.

Navigate Global Payments, the foreign exchange and payments fintech which fell into receivership five months ago, has found a saviour – the Tozer & Co family office, which has now completed a $30 million recapitalisation.

A fire at a chemical plant in rural Texas had sent a massive plume of black smoke into the sky

A Minnesota iron foundry has been violating air emissions laws for at least five years, but the state agency responsible for enforcing air permits didn’t take action against the company