Inside Financial News

Daljeet Singh Kohli, Head — Strategy & Research, Vasuki India Fund, says We have some small amount of IT, very small allocation as of now. Mainstream IT, the two enabled services, we already have a good allocation there. But in mainstream IT, we would like to wait for this quarter’s number. The commentary from Accenture was that probably things will take much longer than what many of the analysts and the Street was expecting. That revival will happen sooner. Everybody was saying that H2 of this year will be much better but that does not seem to be the case. So maybe after the Q2 numbers, once the managements give their commentary, we will have a little more idea about it. What is your take regarding some of these new-age tech names? Zomato is finally seeing a bit of the upside but it is now past the level of 100 comfortably but you have Nykaa and the others which continue to languish? What is your view for the entire space? We continue to avoid them as of now mainly because we want to see some more numbers coming in – a lot of ESOP related and many one-offs extraordinary items.

₹15,000 crore in dues to the state under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and PM Awas Yojana. The BJP has rejected the charge and accused the TMC of doing a "drama" in Delhi to divert attention from the scams in West Bengal. Lok Sabha MP from Krishnanagar Mahua Moitra alleged the Centre is collecting taxes from West Bengal, but not giving the state's dues.

By Jonathan Stempel

Click here! "The attacker was arrested. In fact, he surrendered," Thailand Prime Minister Srettha Thavisin said, adding that “the situation had been brought under control and police were clearing the scene".

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Indian Express. According to the report, the incident took place in Khakhrali village where four men, including a Dalit, were allegedly forced to dig a well. After the labourers expressed their unwillingness to do so, they were allegedly held captive, and chained to a motorbike at night, so that they can't escape.

LIC's Special Revival Campaign - An opportunity for policyholders to revive their lapsed policies. To know more, contact your nearest LIC Branch/Agent or visit https://licindia.in." As per the LIC post on X, the concession in the late fee charges is divided into three parts.

PwC Australia has installed six new industry leaders via a merit-based appointment process, as its chief executive, Kevin Burrowes, moves to put an end to the previous practice where the CEO had almost complete authority to make key appointments.

As more than 50% of Bank Nifty constituents are still above 50-DMA, the index could find new leaders, says Anand James, Chief Market Strategist at Geojit Financial Services. “Also the Bank Nifty index appears due for a bounce back, but we would be first interested in initiating shorts on pull back to 45000. However, we feel that, after due consolidation, the latter part of October could see a breakout beyond this region,” he says. Edited excerpts from a chat: Nifty ended September 1.5% stronger despite all the negative news surrounding rising crude, bond yields and dollar index. Given the fact that FIIs are having $733 million short position in index futures, where do you see the index going in October which is known as 'Bear Killer'? FIIs have ramped up their index future shorts, which now constitute 27% of shorts in the segment across participants.

The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels on Friday. India VIX was down by 10.28% from 12.82 to 11.50 levels in the previous trading session. Volatility cooled off and gave comfort to the bulls in the market at key support zones. Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series.

Jammu and Kashmir received specific intelligence about the movement of some unidentified individuals in the area, said officials. “A joint operation by the Indian Army and J&K Police was launched in the area of Kalakote. Use of technology is being resorted, to monitor the terrorists.

Nifty 50 closing at 19,638.30, up 115 points, or 0.59%, while the Sensex ending at 65,828.41, up 320 points, or 0.49%. For the month of September, Nifty 50 gained 2% while the Sensex rose 1.5%. Nifty 50 formed a small positive candle on the daily chart with a long upper shadow.

Nifty to sustain above the 19,500 mark to extend Friday’s gains. However, if the index falls below 19,500, analysts anticipate the possibility of additional selling pressure, potentially leading to a decline to 19,200 level. For traders considering long positions, stocks like Bajaj Finance, DLF, Granules, Grasim, Sun Pharma, Hero Motocorp, NTPC, and Tata Power are worth considering. VIRAJ VYAS TECHNICAL & DERIVATIVES ANALYST, ASHIKA STOCK BROKING Where is Nifty headed? Nifty has witnessed a corrective spell last week after touching life-highs in mid-September.

David Beaudoin had what many sports-loving academics would regard as a dream job. He graduated from Laval University in Quebec City with a PhD and walked right into a regular teaching gig there as a statistics professor while devoting his research to applying statistical analysis to the wide world of sports and authoring papers that, for example, examined “biased penalty calls” in the NHL.

China Evergrande Group’s massive financial and legal challenges in Asia are casting a long, dark shadow over the Chateau Montebello, the iconic Quebec log cabin resort which the developer owns.Evergrande, a once fast-growing Chinese property company that became the country’s second-largest developer, acquired the 211-room Chateau Montebello hotel in 2014.The deal earned headlines because the Chateau Montebello is the largest log cabin ever built. It occupies a special place in the Canadian psyche and the nation’s history.

cryptocurrency firm, Ikigai Asset Management, lost most of its assets from last year's collapse of the cryptocurrency exchange FTX, where he was a customer. Kling said he harbored no hatred for Sam Bankman-Fried, FTX's founder. But as Bankman-Fried's criminal fraud trial kicks off Tuesday, Kling is eager to see the onetime crypto mogul — who is now viewed as its biggest villain — held accountable for his actions.

(Reuters) -China Evergrande Group said on Monday it has applied to the Hong Kong Stock Exchange for trading in its shares to resume on Tuesday, adding there is currently no other inside information related to the company that needs to be disclosed.

Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc.

FTX's multibillion-dollar cryptocurrency blowup hasn't destroyed all faith in the industry. 

(Exciting news! Mint is now on WhatsApp Channel. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The blaze has left the factory severely charred and reduced to ruins.

Shahnawaz and has been arrested by Delhi Police’s Special Cell, just days after NIA announced a reward of ₹3 lakh on him. After a massive search operation, the cops arrested three suspected Islamic State (IS) terrorists who were wanted by the NIA. Last month, the NIA released pictures of four terror suspects, including that of Shahnawaz, wanted in the Pune ISIS (Islamic State of Iraq and Syria) module case and declared a reward money of ₹3 lakh each for credible information on them leading to their arrest.