Limelight Financial News

₹400 crore for a 51% stake in the project, spanning 3-3.5 million sq ft (msf) saleable area. “Re-entry into the Mumbai market, which is a key region for real estate sales, is positive. Achieving incremental growth from a large base could have been difficult by focusing only on the National Capital Region (NCR)," Parikshit Kandpal, vice president, institutional research, HDFC Securities, said.

United Forum of Bank Unions on 19 July said that they took up the issue of introduction of five banking days in earlier discussion. "IBA informed that the issue is under active consideration of the various stakeholders and the same is being pursued. We asked the IBA to expedite the same so that five banking days per week is introduced without further delay," it said.

Day trading guide for today: On account of strong global cues, Indian stock market finished on a higher note on Monday. Out of three key benchmark indices, BSE Sensex and NSE Nifty climbed to a new peak on the previous session, which improved the market sentiments further.

Jane Birkin, a cherished British actress and singer, has sadly departed at the age of 76. She captured the hearts of audiences in France and beyond with her talent and charm. Birkin peacefully passed away at her residence in Paris, leaving behind a remarkable legacy that will be fondly remembered by her admirers across the globe.

Himachal Pradesh, that have been hit by natural calamities in their hour of crisis, Union Minister Anurag Thakur said on Saturday. The Union government has already released Rs 361 crore in two installments and more financial aid will be released shortly, he said. Chief Minister Sukhvinder Singh Sukhu on Saturday said Himachal Pradesh has suffered losses of about Rs 8,000 crore as heavy rain wreaked havoc in the hill state, triggering landslides and flash floods and damaging roads and other infrastructure.

Congress party's Chhattisgarh unit president, tribal leader Mohan Markam was sworn in as a minister in the Bhupesh Baghel-led cabinet on Friday. Governor Biswabhusan Harichandan administered the oath of office and secrecy to Markam during a swearing-in ceremony at the Raj Bhavan here. Chief Minister Bhupesh Baghel was present on the occasion.

macroeconomic conditions. According to the brokerage firm, Nifty’s lifetime highs have reinforced the uptrend. “We reiterate structural bullish stance with Nifty target of 21,000 over 6-9 months, with strong support at 18,200," ICICI Direct said in a report.

Equities research teams seldom share the limelight with their dealmaking investment banking colleagues who bring in the fees. But new research has shone a light on how to identify the best analysts in an often unheralded industry, which has fallen victim to changing regulation, leaner resources, and a dearth of experienced talent.

MS Dhoni has compared his CSK teammate Deepak Chahar with a ‘drug’ while explaining his bond with the pacer. Dhoni and Chahar share a healthy bond with each other having played for CSK together for a number of years. In fact, Chahar is amongst the list of players who got into the limelight in the tutelage of the Indian legend and later got selected in the Indian team.

“We expect the Nifty50 earnings growth for FY24 and FY25 to be close to 15%, and thus, it appears that there is some room for the markets to generate decent returns over the next few years,” says Nishit Master, Portfolio Manager, Axis Securities PMS. In an interview with ETMarkets, Master said: “We believe sectors like NBFCs, Capital Goods, Consumer Discretionary and Auto would outperform the broader markets in 2H2023 as we expect their growth momentum to either improve or remain strong in the coming quarters” Edited excerpts: What is your call on markets after the recent run-up to record highs? Until the end of FY23, markets had underperformed for a couple of years, while earnings growth for markets during this time was in the mid-teens. Thus, the recent movement in the markets, to a great extent, is a catch-up rally.

BTS ARMY Day, according to reports. BTS' hotly anticipated memoir in South Korea is available in 23 languages. «Beyond the Story: 10-Year Record of BTS» contains a chronological summary of BTS members' musical career as well as hints at their future endeavours, according to their agency BIGHIT MUSIC. It was co-written by South Korean journalist Kang Myeong-seok and members of the band, according to its US publisher Flatiron Books. The book, which is also being released in the United States, shot to the top of the Amazon and Barnes and Noble bestseller lists in May on the strength of its pre-orders.

pro-Khalistani groups demonstrated controversial posters. The rally used controversial posters inciting violence with images of the Indian High Commissioner Vikram Doraiswami and Dr Shashank Vikram, Consul General of India in Birmingham, news agency PTI reported. However, it is to be noted that all the protests have fizzled out sooner than expected, also owing to the visible police presence in all the countries.

leadership.  While the Pawar versus Pawar battle has caught attention of the masses, an older split in Shiv Sena has sought limelight again when Maharashtra Legislative Assembly Speaker Rahul Narwekar on Saturday said notices have been issued to 40 MLAs of Chief Minister Eknath Shinde-led Shiv Sena and 14 of the Uddhav Thackeray faction, seeking their replies on disqualification petitions against them. Narwekar had earlier said that he had received a copy of the Shiv Sena's constitution from the Election Commission of India, and hearing on the disqualification petitions against 16 Shiv Sena MLAs, including CM Shinde will start soon.

India is the biggest market for Sri Lanka in terms of tourism arrivals and that is likely to be the case in the long term as well, said said Chalaka Gajabahu, chairman, Sri Lanka Tourism Promotion Bureau (SLTPB), the government body responsible for handling all marketing and promotion activities for the island nation. «In terms of numbers, right now, India is the number one source market for us and I'm pretty sure it's going to stay there for the next couple of years and for our long term plans as well,» he said. Gajabahu said the country has already got over 600,000 incoming tourists till June 30.

“The growth phase will open up multiple opportunities and hence one has to look at all the OEM and Auto space closely,” says Anurag Jhanwar, Cofounder and Partner, Upwisery Private Wealth. In an interview with ETMarkets, Jhanwar said: “It is equally important to note that it is still in its early stages of development and the growth story will have its share of bumps too” Edited excerpts:What is supporting the market's bull run? Overall macroeconomic factors provide comfort as we are seeing a fall in inflation, a pause in interest rate cycles, an increase in foreign investment in the equity markets led by issues being faced globally.

Lok Sabha elections. Ajit Pawar, who recently joined the BJP government as the deputy chief minister, is believed to be considering giving the Shirur Lok Sabha ticket to his son Parth. Parth Pawar had previously made an unsuccessful electoral debut in the 2019 Lok Sabha election, where he lost from the Maval constituency.

Until two years ago, it was easy to spot future leaders in every batch of newcomers in a company. The alphas among them worked their way into cabins, usurping others’ at lethal speed. It often left the rest of the staff with the impression that these alpha employees were reclaiming roles and designations that had temporarily been given to others.

As headwinds like rising input cost, stagnant demand are becoming things of the past for the auto industry, the nifty auto index is doing well. Another reason for auto stocks coming into the limelight is the fact that after years of keeping it under wrap right from two wheeler to car maker and now even the LCV companies are gradually opening up their EV strategy.

₹300 trillion during intraday trades on Wednesday, helped by FPI buying and broader market gains. The market capitalization of 5,261 companies (excluding DVRs, REITs, InVITs, ETFs and partly paid shares) crossed the ₹300-trillion level in intraday trade, though they closed below the mark at ₹299.9 trillion. Foreign portfolio investors bought a provisional ₹1,603.15 crore even as domestic institutions booked profits and sold a provisional ₹439 crore.

₹8,742.32 crore of Indian equities, while they sold ₹7,139.17 crore --- resulting in an inflow of ₹1,603.15 crore. Meanwhile, DIIs selling was more than buying. They infused ₹7,983.81 crore but offloaded ₹8,422.82 crore, registering an overall outflow of ₹439.01 crore.

Volatility was lower from Friday's closing as India VIX was at 10.80, down 0.80%. «Domestic equities continued their northbound journey on Friday after a day’s break, supported by positive global data, healthy FII buying, and strong progress in monsoon. The broader market too participated in the rally with the Nifty midcap 100 at a fresh record high.