Merit Financial News

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says: “The government has made most of the PSU companies more accountable for the growth. And that is one of the reasons for which the market participants and investors have started buying into some of the PSU companies because there is a visibility of growth that one is seeing vis-à-vis the private sector players I think these companies probably require to demonstrate their amount of growth. If that is so, then I would justify the kind of rally which is right now in place as far as the PSUs are concerned.” You have been a market watcher for the longest time. Do you think we have the infrastructure in place for T+0, instant settlement for the equity cash segment? What will the impact of this be like? Deven Choksey: In a lighter tone, I think in our country we first create the product and then the infrastructure gets built. I am not going to be very surprised if infrastructure is going to get built over a period of time. However, the most important part out here is that this particular move is likely to work for the investors much more significantly. When you settle the trade on the same day, you probably bring in a significant amount of market confidence and the integrity quotient will probably increase significantly. So, from that point of view, I would think that it is going to benefit the investors the most. Whether we have the requisite infrastructure at this point of time in place, it will have to be tested.

Xi Jinping has promoted two naval officers, including a submarine expert, as top naval commanders which involves the Chinese navy's operations in the disputed South China Sea. Xi, who is also the chairman of the powerful Central Military Commission (CMC), the overall high command of the armed forces besides being the President and head of the ruling Communist Party, has presented certificates of order to promote two military officers to the rank of General, official media reported on Tuesday. General is the highest rank for officers in active service in China.

It matters when electricity is produced. A barrel of oil may be a barrel of oil whether it is pumped at midday or midnight, but a megawatt hour (mwh) of electricity is worth a great deal less when you are sleeping than during the middle of the day or, indeed, during moments when everyone decides to boil the kettle. The difficulty of bottling electricity makes its economics unusual: it is a question not just of “how much" but also “when".

Investors are actively seeking new opportunities and innovative projects that promise both growth and sustainability. Three noteworthy names that have prominently emerged on the radar of crypto enthusiasts and investors are Bitcoin (BTC), Borroe Finance ($ROE), and Beam (BEAM).  Each of these projects offer unique features and investment potential, making them intriguing choices for both seasoned and new investors.

CBIC) has announced a special amnesty scheme for taxpayers facing issues with Goods and Services (GST). Under this GST Amnesty Scheme, specified GST taxpayers who disagree with a GST tax demand order, can file an appeal till January 31, 2024. «The Special Amnesty Scheme was announced for condoning delay in filing the GST Appeal. The amnesty scheme is available till January 31, 2024. This is a golden opportunity for those taxpayers who might have missed the appeal deadline,» said the Ministry of Finance on social media on December 17, 2023.

₹200 to ₹300. But Airtel will not charge a premium for its 5G services, and aims to start its fixed wireless access (FWA) services by next year, pricing it on a par with broadband services, he said. The telco is also open to distributing satellite services beyond OneWeb, starting June.

Lizzo's legal team has filed a motion to dismiss the harassment and discrimination lawsuit brought by a former employee, Asha Daniels, who worked as a clothing designer for the singer's tour. The attorneys argue that the lawsuit, filed in a Los Angeles court in September, is «meritless and salacious,» asserting that Daniels failed to fulfill her assigned duties and eventually neglected her work. Lizzo's legal representatives claim that Daniels was terminated for «abandoning her post» on the day of a concert in Paris, France.

General Elections 2024. This reinforces the likelihood of policy continuity and a favourable trajectory. The critical decision now lies in determining where to place one's bets—whether on large caps, mid caps, or small caps.

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns

Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.” I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000. That is true. We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year? See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.

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OnePlus on Sunday announced the launch of a scholarship fund — Never Settle- in association with the Indian Institute of Technology Madras. The initiative is part of the brand's ongoing efforts to give back to the community in line with its 10th-anniversary milestone. The 'Never Settle' scholarship programmme will provide full financial scholarships to new and existing students of IIT Madras in the BTech course.

Sanjiv Bhasin, Director, IIFL Securities, explains why he was convinced about the merits of stocks like JP, TTML and even Suzlon. One would have considered them to be too risky, but they have all done very well. Every Friday afternoon, I would say TGIF, thank God it is Friday. After the way the markets have moved, everybody is saying, why is it Friday? The market will remain closed for two days. Of course, we should have the market open on the weekend also.

artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday. The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report.

Chinese e-commerce retailer Temu is suing rival Shein again

Priyanka Chaturvedi said Khalistani terrorists are increasingly seen emboldened on foreign soil and are threatening the country, and a firm message should go through Parliament that India will not tolerate such activities. «We need to take note of the threats by them and act accordingly.

adolescent girls should "control sexual urges" and "not give into two minutes of pleasure". The high court had made the observations while hearing an appeal by a boy who was sentenced to 20 years in prison for the offence of sexual assault.

Earlier this year, Prime Minister Narendra Modi extolled the role of NRIs (Non-Resident Indians) in India’s progress and emphasized that this is the ideal time to invest in the country’s growth.

Merit Financial Advisors, a financial advisory firm based in the Atlanta area, has acquired Atlanta-based ClearBridge Wealth Management, the firms announced Wednesday.

Facebook's parent company Meta was not in contempt of court for failing to pay dozens of content moderators that a contractor laid off. Labour judge Mathews Nduma Nderi said Meta did not «deliberately and contemptuously» breach a court order requiring it to pay the wages of hundreds of Facebook content moderators.

Mehul Choksi and his wife, the Supreme Court has restored a cheating case lodged by the Gujarat Police, while setting aside a 2017 order of the state high court quashing the FIR against them. Mehul Choksi, along with his nephew Nirav Modi, is also an accused in the Punjab National Bank (PNB) scam case in which they allegedly defrauded the bank of over Rs 14,000 crore.