Gap Financial News

semiconductor powerhouse through the India Semiconductor Mission. AMD, Micron India, and LAM Research are among companies seeking to close the skills gap by putting new recruits through technical bootcamps, teaming up students with employees working on next-generation technologies, setting up research labs in universities, and rolling out mentorship opportunities. Despite being a late entrant, the government is pushing to make India a major player in the global semiconductor space. In 2021, the Modi government launched the India Semiconductor Mission (ISM) with an outlay of Rs 76,000 crore for semiconductor manufacturing, packaging, and design units.

The U.S. retirement system doesn't get high marks relative to other nations.

The first widening of the gender wage in 20 years is the latest indication that many women have paid a price for leaving the workforce at the height of the COVID-19 pandemic, either because they lost their jobs or because they quit because of caretakin...

Bandhan Bank Ltd. fell 0.72 per cent to Rs 192.9 at 12:42PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 326,027 shares with a turnover of Rs 6.31 crore till 12:42PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.09, while the price-to-book value ratio stood at 1.34.

DLF Ltd. traded at Rs 868.1 on BSE at 11:40AM (IST) on Wednesday, down 0.81 per cent from previous close. The stock quoted a 52-week low price of Rs 513.55 and a high of Rs 967.0.

Uday Kotak backed Kotak Mahindra Bank’s ambition to be India’s third largest private sector lender could expose it to significant M&A risk given the integration challenges and the weaker RoA of smaller banks, Bernstein Research a part of the Société Générale group has said. The brokerage house also said that given the high growth outperformance ask, inorganic growth would almost be inevitable for Kotak Mahindra to achieve its ‘Top 3’ objective. To emerge as the third most profitable private sector bank, Kotak will need an organic earnings growth which is 7% percentage points higher than Axis which looks unlikely, it said. In a recent interview with The Economic Times, Kotak Mahindra Bank CEO Ashok Vaswani had said that he aspires that the bank would become the third largest private sector bank by profits by 2030.

Indian Oil Corporation Ltd. rose 0.98 per cent to Rs 169.5 at 10:25AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 331,071 shares with a turnover of Rs 5.64 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.78, while the price-to-book value ratio stood at 1.26.

Cholamandalam Investment & Finance Company Ltd. fell 0.9 per cent to Rs 1499.65 in Tuesday's session as of 01:23PM (IST) even as the equity benchmark Sensex traded 255.2 points lower at 81717.85. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1650.0 and a 52-week low of Rs 1011.5 on NSE. Around 9624 shares changed hands on the counter till 01:23PM (IST).

Subscribe to enjoy similar stories. Artificial intelligence (AI) has been the broad theme of this year’s Nobel awards.

Lilly Ledbetter, a former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation, has died at 86

Donald Trump and Vice President Kamala Harris. With just over three weeks remaining until Election Day, these surveys reveal a tightening competition. Trump is making notable gains against Harris, who replaced President Joe Biden as the Democratic nominee earlier this year. The polls indicate that the race between Trump vs. Harris is now within the margin of error, reflecting a shift in momentum that could play a crucial role in the final days of the campaign, as mentioned in a report by Fox News.

National Insurance Company, which is grappling with a severe solvency shortfall of ₹8,000 crore, with its solvency margin standing at a negative 0.49%, far below the regulatory minimum of 1.5%, has identified several key assets to address the gap, according to people familiar with the matter. Among these are its stake in Agriculture Insurance Company, a 20% stake in India International Insurance Singapore valued at about $500 million (about ₹4,000 crore) and a joint venture in Kenya, they said, adding that though the insurer has identified these assets, it is yet to start the process and seek necessary approvals to proceed with any sales. While the Insurance Regulatory and Development Authority of India (Irdai) has granted the company forbearance and it has no immediate pressure to liquidate assets, the insurer is hopeful that the transition to a risk-based capital framework, expected in the coming few quarters, would provide relief by improving the valuation of its assets, according to the people.

Au Small Finance Bank Ltd. fell 0.5 per cent to Rs 687.05 at 12:36PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 20,122 shares with a turnover of Rs 1.38 crore till 12:36PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 30.96, while the price-to-book value ratio stood at 0.0.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

India’s investment landscape is witnessing a transformative shift with the Securities and Exchange Board of India’s recent approval of a new asset class called ‘investment strategies’. This asset class aims to bridge the gap between traditional mutual funds and portfolio management services by targeting investors having a high risk-return appetite. It seeks to enhance portfolio flexibility while addressing the rise of unregistered investment schemes that promise unrealistic returns. This product resembles liquid alternative investments that are flourishing in the US and Canadian markets.

With the global economy undergoing a radical transformation over the past decade, one sector, in particular, that has expanded and matured at an unprecedented rate is crypto. This is best made evident by the fact that approximately 562 million people worldwide — equivalent to 6.8% of the global population — now own digital currencies, a 34% surge from 2023, when approx. 420 million individuals owned crypto.

BSE at 01:02PM (IST) on Wednesday, up 0.98 per cent from previous close. The stock quoted a 52-week low price of Rs 636.1 and a high of Rs 1148.3.

steel prices may give some relief to Indian steel makers. A report by Axis Securities highlights that Chinese hot-rolled coil (HRC) steel prices have gone up in September 2024, giving an edge to Indian steel companies.

Tube Investments of India Ltd. traded at Rs 4031.25 on BSE at 12:43PM (IST) on Tuesday, down 0.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 2881.3 and a high of Rs 4666.0.

Havells India Ltd. traded at Rs 1934.95 on BSE at 12:47PM (IST) on Tuesday, up 1.02 per cent from previous close. The stock quoted a 52-week low price of Rs 1233.1 and a high of Rs 2104.95.

HDFC Asset Management Company Ltd. traded at Rs 4188.0 on BSE at 12:38PM (IST) on Tuesday, up 1.36 per cent from previous close. The stock quoted a 52-week low price of Rs 2674.65 and a high of Rs 4544.5.