Orienteering Financial News

₹1 lakh tax-free gains from stocks and equity oriented mutual funds. With the BSE Sensex rising 26% and the midcap and smallcap indices shooting up more than 60% in the past one year, most stock investors saw their portfolio grow during the financial year. Long-term capital gains from stocks and equity oriented mutual funds are now taxed at 10%.

NEW DELHI : India can sustain 7% growth annually in the coming years propelled by investments flowing into the country, high domestic savings, and by addressing supply-side challenges, Louis Kuijs, chief economist, Asia Pacific, at S&P Global Ratings, told Mint. If the government continues to work on resolving challenges related to infrastructure, institutional factors, labour laws, land acquisition rules, and education, the country can aspire to grow even faster, Kuijs said.

Lexus Granito(India)Ltd.(up 10.55%), Madhav Marbles & Granites Ltd.(up 3.35%), Sandur Manganese & Iron Ores Ltd.(up 3.26%), Oriental Trimex Ltd.(up 2.08%), MOIL Ltd.(up 1.29%), Pokarna Ltd.(up 0.73%), NMDC Ltd.(up 0.51%) and Aro Granite Industries Ltd.(up 0.40%) stood among the top gainers.

Indo Tech Transformers Ltd.(up 7.33%), Jaiprakash Power Ventures Ltd.(up 4.34%), Indowind Energy Ltd.(up 4.00%), Hitachi Energy India Ltd.(up 3.89%), Transformers & Rectifiers(India)Ltd.(up 2.70%), SJVN Ltd.(up 1.83%), Torrent Power Ltd.(up 1.79%), NLC India Ltd.(up 1.24%), PTC India Ltd.(up 1.15%) and GE T&D India Ltd.(up 1.12%) were among the top gainers.

Lexus Granito(India)Ltd.(up 11.20%), Sandur Manganese & Iron Ores Ltd.(up 2.56%), KIOCL Ltd.(up 1.51%), Pokarna Ltd.(up 1.03%), Oriental Trimex Ltd.(up 0.52%), Aro Granite Industries Ltd.(up 0.50%), NMDC Ltd.(up 0.33%) and Madhav Marbles & Granites Ltd.(up 0.23%) were among the top gainers.

Indo Tech Transformers Ltd.(up 11.07%), Energy Development Company Ltd.(up 9.88%), GE Power India Ltd.(up 9.17%), JSW Energy Ltd.(up 7.23%), Adani Power Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.98%), Reliance Power Ltd.(up 4.96%), Orient Green Power Company Ltd.(up 4.87%) and Indowind Energy Ltd.(up 4.85%) stood among the top gainers.

luxury hotels of brands such as Fairmont, Raffles and Sofitel opening up in the years ahead besides hotels of other brands from Accor’s luxury and lifestyle division, said Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain and Europe’s largest hotel chain in an interview with ET. Accor will open 30 hotels in India totalling about 5,500 keys in the next three to five years. The chain currently has 62 hotels in India totalling around 11,000 rooms, but that’s not enough, Bazin said. “I have been a big believer in India, but we have 2000 hotels in France and less than 100 hotels in India. Going by the size of the country, we should have well over 1000 hotels here. I know this is going to take very long but it should happen in the future and it is going to be worth it. We will need more Accor employees here across many different layers over time and we will have to give them greater decision-making powers," he added.

₹1,200, supported by a strong bullish candle, suggesting a continuation of the medium-term uptrend. The stock is exhibiting a medium-rising channel trend, finding support at the lower band and poised to advance towards the upper band. It has closed above the daily upper Bollinger band, signalling a buying opportunity in the short term also.

Allies of Florida Gov. Ron DeSantis and Disney have reached a settlement agreement in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort’s government by the Florida governor

initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion. China’s e-commerce pioneer decided to postpone the transaction because of poor market conditions, people familiar with the matter said. It lost its taste for the deal this year as stocks waned, the people said, asking to remain anonymous discussing a private matter.

mutual funds in FY24 (April 1, 2023 to till date). Nifty50 was up by 27.05% and S&P BSE Sensex was up by 23.32%. The toppers were from sectoral/thematic funds. Aditya Birla SL PSU Equity Fund, the topper in the list, offered 84.86% in the financial year 2023-24 so far. SBI PSU Fund offered 79.20%.

health insurance has become a must. Many of you have already purchased a health insurance policy to protect yourself and your loved ones against medical emergencies. One hopes that the insurer will provide financial support when the medical need arises. The story is not very different when it comes to another general insurance segment like car insurance. However, do you know how good your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. If you are not satisfied with the way the insurance company settles claims, you have the option to port to another insurer. The next question is how to find out how your insurer has been settling claims in the past. The Insurance Regulatory and Development Authority of India (IRDAI) has released the claims payment details of general and health insurance companies for the financial year 2022-23. Apart from health insurance claims, the percentage claim paid in general insurance companies also includes other insurance verticals like motor, fire, marine, and other insurances.

The shakeup of Walt Disney World’s governing district more than a year after it was taken over by Gov. Ron DeSantis’ appointees continues with the departure of its board chairman

The court fight between Disney and Florida Gov. Ron DeSantis’ appointees over control of Walt Disney World’s government won’t be decided until at least this summer, provided the two sides don’t reach a settlement beforehand

Helios Mutual Fund has launched Helios Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The new fund offer or NFO of the scheme is open for subscription and it will close on March 20. The scheme will re-open for continuous sale and repurchase from March 28. The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity and equity related instruments and active use of debt, money market instruments and derivatives.

Maharashtra Deputy Chief Minister Devendra Fadnavis said on Saturday that the state is the engine of the country's economy and it has garnered more Foreign Direct Investment (FDI) than Gujarat, Karnataka or Uttar Pradesh. He was addressing a 'Viksit Bharat' (developed India) event at Pune's Bhandarkar Oriental Research Institute. Though late president Dr APJ Abdul Kalam envisaged the 'Viksit Bharat' concept, no work was done on it between 2000 and 2014, alleged Fadnavis. «The actual work started in 2014 and last year we made our mark in the world's top five economies. In the past many years, we witnessed corrupt practices and many scandals. Earlier, FDI inflow was low due to policy paralysis.

Navam Capital has announced the first close of Navam Venture Fund I with commitments totalling Rs 50 crore from family offices, corporates and ultra-high net worth individuals. “With a target fund size of Rs 250 crore, the fund aims to invest in intellectual property-rich ventures translating science and engineering breakthroughs into differentiated products and services,” Navam Capital said.

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Torrent Power Ltd.(up 1.77%), KKV Agro Powers Ltd.(up 0.16%) and Kalpataru Projects International Ltd.(up 0.06%) were among the top gainers.

₹266 a piece on the NSE SME Purv Flexipack IPO had received strong response from the investors as was visible from 421.78 times subscription . The public issue was subscribed 448.73 times in the retail category, 157.32 times in the QIB, and 690.72 times in the NII category by February 29, 2024 The Grey market premium also indicated towards strong gains. The Purv Flexipack IPO GMP or grey market premium stood at ₹130.