Lowe's Financial News

Investors may want to reduce international exposure right now and stick with the home court.

It was the third week in a row that the markets extended their gains; the NIFTY had staged a breakout when it crossed above the 18880 levels. This has resulted in the NIFTY closing at yet another lifetime high. This has taken the markets into a mildly overbought zone; however, in the process, the index has raised their supports higher.

CBI court here on Saturday set aside a magistrate's order taking of cognisance of the chargesheet filed against fugitive diamantaire Mehul Choksi in a loan fraud case amounting to more than Rs 22 crore. The special judge remanded matter back to the magistrate for a fresh order on consideration of the chargesheet.

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K-pop sensation Jennie Kim, a prominent member of the renowned group Blackpink, recently shed light on the challenges she faced as a K-pop idol and her personal struggle with burnout. During a recent appearance on Dua Lipa's 'At Your Service' podcast, Jennie candidly shared her journey in the K-pop industry, navigating the highs and lows while dealing with the demanding schedule of back-to-back concerts. She touched upon the physical toll of performing in concerts, admitting that compared to her fellow group members, she often faced more injuries. This aspect of her career became a significant source of stress and concern for her. Reflecting on her journey, she expressed feelings of disappointment, stating, «I’ve constantly hurt myself during performances and lives compared to other girls, and it was just a stressful thing in my life.» The pressures Jennie faced extended beyond physical strain. She disclosed that early on in her career, she was pushed into a rap-focused role, which ultimately contributed to her burnout.

The month of June witnessed notable changes in the sector and stock allocation of mutual funds. Private banks (17.4%) were the top sector holding for MFs during the month, followed by technology (9.3%), NBFCs (8.9%), autos (8.2%), and capital goods (7%), according to data from Motilal Oswal Financial Services.

Safety of capital, guaranteed interest income and higher interest rates from other depositors make bank fixed deposits (FDs) a preferred investment instrument for senior citizens, especially for retired individuals lacking other sources of income. Another fixed income instrument that has gained significant traction among senior citizens in recent years, especially during the low interest regime of Covid years, is Senior Citizens Saving Scheme (SCSS). The net corpus of this scheme has grown from Rs 73,728 crore in February 2020 to about Rs 1.17 lakh crore in February 2022.

A potential investor told me that he had a dream scenario: a Public Provident Fund (PPF) that would take any amount of money and give back tax-free returns. He said he would put all his savings in PPF if that were possible.

France have stepped up their collaboration in combating climate change and in environmental protection, and announced that they will constructively engage other like-minded countries to strengthen the negotiations for an international legally binding instrument to end plastic pollution. After talks between Prime Minister Narendra Modi and French President Emmanuel Macron here on Friday, the two countries made a joint commitment to eliminate single-use plastic products pollution, including a ban on single-use plastic products which have low utility and high littering potential.

Back in early 2020, some of us figured that shutting down the economy in a panicked response to Covid probably wasn’t a wise move. Reporting on the latest in a very long series of negative consequences from politicians’ reckless attempt to close society and then simulate prosperity with government spending, Jeanette Settembre reports for the New York Post: Tens of thousands of fraudsters splurged on Lamborghinis, vacation homes, private jet flights and Cartier jewelry by fleecing the PPP loan system... — and did it because the COVID loan scheme was so easy to milk .

Gold rate today: On account of US dollar hitting 15-month low and US CPI date hitting two years low, gold prices witnessed strong bounce back in the week gone by. Silver prices too ascended and witnessed huge buying interest among the bullion investors. Gold future contract for August expiry on Multi Commodity Exchange (MCX) finished ₹95 per 10 gm higher at ₹59,334 levels.

Gaganyaan mission. The Bengaluru-headquartered Indian Space Research Organisation is busy working on its flagship project, Gaganyaan, which envisages the demonstration of human spaceflight capability by launching a crew of three members to an orbit of 400kms for 3 days and bring them back safely to earth, by landing in sea waters. According to scientists at Satish Dhawan Space Centre, here, the 44.3 metre tall LVM3 rocket which carried the Chandrayaan-3 on July 14, would be the launch vehicle with 'human rated' capability.

electric vehicles (EVs), but with proper planning, cautious driving, and vehicle maintenance, these issues can be mitigated for safe and reliable transportation. While EVs generally perform well in heavy rainfall, there are some considerations to keep in mind. Low-quality batteries, high rolling resistance reducing range, potential water ingress, and charging challenges can make the rainy season more challenging for EVs. Batteries are a crucial component of EVs, accounting for a significant portion of the total cost. Lithium-ion batteries, commonly used in EVs, are designed with good sealing and protection against external elements, including rain. However, during the rainy season, it is important to inspect the battery compartment, seals, and connections for any signs of damage or water ingress. Seeking assistance from a professional service center is recommended if any issues are noticed.

Silicon valley thumping their chest with pride and looking at what lies ahead for India. Some of the top representatives of the Silicon Valley companies echoed the sentiment that the successful launch of the lunar mission signalled the emergence of India as global leader in key areas of the technology sector.

Gold prices mostly edged higher during the week, as the dollar doom started with last week’s NFP data. Friday’s labour data showed signs of slowdown in the jobs market, with non-farm payrolls falling to a two and half year low of 209K job additions. Meanwhile, US inflation print released during the week prompted further pain for the greenback.

The Times of Israel.  Dr. Ohad Einav, who oversaw the surgery at a hospital in Jerusalem in June this year, informed that it took several hours to fix the damaged area and place new plates in the child's head. He thanked the advanced knowledge of doctors and innovative technology which helped the team to save the child's life.

investing in drone stocks has attracted significant attention. One such drone company, in particular, has gained significant investor's attention by surging over 45% in the past three days. The company is none other than Zen Technologies.

Buy or sell stocks: Following strong global market sentiments, Indian stock market finished on a higher note on Friday. NSE Nifty gained 150 points and closed at 19,564 while BSE Sensex shot up 502 points and ended at 66,060 levels. Bank Nifty index added 154 points and finished at 44,819 mark.

«There's been progress made over the years and we want to advance that progress further,» Chalmers told ABC television, referring to the meeting Monday and Tuesday of G20 finance ministers and central bankers. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational corporations.

Wipro and expect up to 20% downside in its stock price after India's fourth-largest software exporter reported softer deal wins and sharp deceleration in revenue growth versus peers at the end of first quarter. Analysts painted a cautious growth outlook and believed the company is unlikely to see margin improvement, prompting downward revision in earnings estimates. «We cut our FY24e and FY25e EPS by 3.5% and 4.9% to factor in weaker FY24 growth,» said Motilal Oswal in a client note.

ProChain President David Tawil explains why he predicts rate hikes are on the horizon and likely to stay high 'for a number of years.'