Orienteering Financial News

SIP ticket size has increased by 2% on a month-on-month basis to Rs 2,387 in May from Rs 2,341 in April. On a yearly basis, the same increased by 6% from Rs 2,259 in May 2023, according to a report by Geojit Insights. The SIP inflows in May reached a new milestone and were recorded at Rs 20,904 crore. This was up by 6.6% from the three month average. This marked the 11th consecutive month of inflows above Rs 15,000 crore and the 33rd month of inflows above Rs 10,000 crore. In May, the new SIP registrations were recorded at 49.7 lakhs, which was down by 4.5% from three month average. The SIP discontinued reached an all time new high and was at 43.96 lakh, up by 69.3% from three month average. This resulted in a net SIP addition of 5.8 lakhs, a multi year low, which was down by 78% from three month average.

Gujarat Industries Power Company Ltd.(up 7.82%), Voltamp Transformers Ltd.(up 5.43%), Jyoti Structures Ltd.(up 4.96%), JSW Energy Ltd.(up 3.38%), Power Grid Corporation of India Ltd.(up 3.21%), Hitachi Energy India Ltd.(up 2.36%), Power and Instrumentation(Gujarat)Ltd.(up 1.97%), NLC India Ltd.(up 1.50%), GE Power India Ltd.(up 1.17%) and Karma Energy Ltd.(up 1.02%) stood among the top gainers.

Reasons to buyReasons to avoidThe Bajaj Rex 500-Watt Mixer Grinder is a popular choice known for its powerful performance. With its 500-watt motor, it offers efficient grinding of various ingredients. This mixer grinder is ideal for everyday use and comes with multiple jars for different functions.Reasons to buyReasons to avoidAlso read: Best mixer grinders in India: Top 10 options for effortless blending and grindingThe Bajaj GX 1 Mixer Grinder is a compact and versatile option suitable for small families.

FISME) has urged the government to review NPA classification rules, third-party rating of MSMEs and Quality Control Orders (QCO). The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP. Classifying loan accounts as special mention account (SMA) if interest or principal is due for 30 days stifles the MSME's growth.

SBI Mutual Fund, the country’s largest fund house, has become the first mutual fund house in India to surpass Rs 10 lakh crore of Average Asset Under Management (AAUM).

1. Bajaj Torque Honeycomb Technology Air Cooler The Bajaj Torque Honeycomb Technology air cooler is designed to provide efficient cooling in medium to large bedrooms. With its advanced honeycomb cooling pads and powerful motor, it delivers superior air throw and cooling performance.

Pokarna Ltd.(up 5.25%), Sandur Manganese & Iron Ores Ltd.(up 2.77%), NMDC Ltd.(up 2.21%), Madhav Marbles & Granites Ltd.(up 1.76%), Ashapura Minechem Ltd.(up 1.69%), Lexus Granito(India)Ltd.(up 1.67%), Oriental Trimex Ltd.(up 1.51%), The Orissa Minerals Development Company Ltd.(up 0.85%), Aro Granite Industries Ltd.(up 0.57%) and Gujarat Mineral Development Corporation Ltd.(up 0.18%) were among the top gainers.

Election Results 2024: Here's what to expect from Indian stock market and what should be your trading strategyMarket analysts had anticipated PSU, defence, railways and renewable energy stocks to outperform post elections. However, experts are now skeptical as the election outcomes fell short of expectations, leaving the BJP in a position where it must rely on the NDA alliance to establish a government, causing concern among investors.Brokerage firm Emkay Global recommended investors to switch from PSUs and Capital Goods to FMCG stocks."We see Narendra Modi returning as PM but in changed circumstances.

Best wall mounted fans to keep yourself cool this summer: Top 9 pickThe Atomberg Efficio Alpha 1200mm BLDC ceiling fan, available in Gloss Brown, is a BEE 5-star rated energy-efficient model. This fan boasts high air delivery and features LED indicators for added convenience.

Ashapura Minechem Ltd.(up 8.66%), Oriental Trimex Ltd.(up 5.59%), MOIL Ltd.(up 4.34%), Coal India Ltd.(up 4.31%), Gujarat Mineral Development Corporation Ltd.(up 3.45%), NMDC Ltd.(up 2.98%), Pokarna Ltd.(up 2.88%), KIOCL Ltd.(up 2.62%), The Orissa Minerals Development Company Ltd.(up 2.55%) and 20 Microns Ltd.(up 1.27%) stood among the top gainers.

LGBTQ2 rights in Canada.The Ipsos survey polled adults in 26 countries on a variety of metrics measuring support for the queer community.Canada, it found, was among the few countries where support for rights and visibility appeared to register “precipitous drops,” Ipsos vice-president of public affairs Sanyam Sethi said.“What really stood out to me was how starkly Canadians are changing their opinions,” she said.“On some of these support aspects the drops in Canada are the highest across all 26 countries we have trend data for.”One area where attitudes appeared to have shifted was support for LGBTQ2 visibility.While 49 per cent of respondents agreed with people being open about their sexual orientation or gender identity, that still put Canada in the bottom 10 of countries measured.What’s more, the number was down by 12 per cent from 2021.Similarly, the poll found support for LGBTQ2 people showing affection in public (kissing or holding hands) at 40 per cent, down eight points from 2021.Just one-third of respondents supported more LGBTQ2 characters on screen, down 10 per cent from 2021.Annie Ohana, a B.C. teacher who also serves on the board of Surrey Pride said the numbers were troubling.“You can exist, but don’t exist in front of me,” she said.Ohana said she believed the data reflected an aggressive campaign targeting the LGBTQ2 community that has manifested in protests against SOGI-123 in schools, drag events and supports for transgender people.“You see the language of ‘groomer’ and ‘pedophile’ out there, being put on everybody,” Ohana said.

Orient Electric, part of the diversified $3 billion CK Birla Group, has appointed Ravindra Singh Negi its managing director and CEO, effective May 31, 2024 (subject to regulatory approvals), the company said in a statement on Friday. Negi joins the Orient Electric Board as a full-time Director and will be based in New Delhi. “Negi’s extensive experience across industries and especially electrical consumer durables will be pivotal in guiding Orient Electric towards sustained growth,” CK Birla, Chairman, Orient Electric said in a statement. “Under his leadership, Orient Electric will accelerate its journey to becoming a future-ready consumer-centric organisation. He will continue to build organisation capability and execution excellence towards growing all key businesses.”

20 Microns Ltd.(up 3.31%) stood among the top gainers.

RattanIndia Power Ltd.(up 4.89%), Adani Power Ltd.(up 2.52%), Jyoti Structures Ltd.(up 2.46%), Inox Wind Ltd.(up 0.70%), Hitachi Energy India Ltd.(up 0.48%) and Adani Energy Solutions Ltd.(up 0.12%) were among the top gainers.

₹1,59,990, the Zenbook Duo offers fantastic value. The top-end variant, which I reviewed, maxes out at ₹2,39,990. Nonetheless, it’s a good price for a laptop of this stature.

Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are «not pivoted to the poor». Chidambaram said an egalitarian society can be created only if the schemes and policies are oriented towards the poor. The former union minister was speaking on the topic 'Inclusive Growth: Myth and Reality' at the M P Veerendra Kumar Commemorative event organised by the RJD here. He said, «Unless we understand the economic and social hierarchies that mirror each other, and reorient our policies towards the bottom, especially the SCs, STs and other depressed sections, it will not be possible to call us an egalitarian society». He pointed out that the present society is not equal or reasonably equal, fair or just. «Not that it can never be. You can build an egalitarian society. Purely capitalist and rich countries have built egalitarian societies,» he said.

Indo Tech Transformers Ltd.(up 5.00%), Karma Energy Ltd.(up 4.96%), RattanIndia Power Ltd.(up 4.74%), Torrent Power Ltd.(up 2.58%), Jyoti Structures Ltd.(up 1.00%) and Transformers & Rectifiers(India)Ltd.(up 0.27%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 1.34%) stood among the top gainers.

LIC Mutual Fund has announced the name change of its five schemes which include debt and equity schemes. The fund informed about the changes to its unitholders through a notice-cum-addendum. These changes will be effective from June 1. Also Read | 2 midcap mutual funds turn Rs 5,000 monthly SIP to Rs 1 crore in 20 years

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Inox Wind Ltd.(up 9.07%), Inox Wind Energy Ltd.(up 5.01%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.87%), Jaiprakash Power Ventures Ltd.(up 3.29%), PTC India Ltd.(up 2.32%), Adani Green Energy Ltd.(up 2.01%), Orient Green Power Company Ltd.(up 0.96%) and GE T&D India Ltd.(up 0.82%) stood among the top gainers.