Orienteering Financial News

TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results. HCL Tech, IREDA Shares of HCL Tech and IREDA will be in focus as the companies will announce their respective first quarter results today.

Such parents repeatedly tell children that their lives are dedicated to them. Many are prepared to do whatever it takes to provide what they think is the best for their children. This indulgence begins with birthday parties and treats, moves on to coaching classes and courses of choice, and extends to setting them up and subsidising their adult lives. The less we talk about lavish weddings, the better. Financial planners indicate that children’s education is the top financial goal for most parents. They save aggressively to make this happen. They work well beyond providing reasonably for their children. A combination of factors is at play: parents want their dreams fulfilled by children; they relive their lives through them; they compete in social circles over the accomplishments of their children; they believe that indulging every whim is a mark of good parenting; they suffer the guilt of being away at work and try to make it up to them, opening the door for manipulation. The list that blames the parents is fairly long.

Lexus Granito(India)Ltd.(up 10.16%), Sandur Manganese & Iron Ores Ltd.(up 5.24%), Gujarat Mineral Development Corporation Ltd.(up 5.09%), KIOCL Ltd.(up 3.46%), Oriental Trimex Ltd.(up 2.90%), MOIL Ltd.(up 2.64%), Ashapura Minechem Ltd.(up 1.29%), Aro Granite Industries Ltd.(up 1.08%), Madhav Marbles & Granites Ltd.(up 0.53%) and Coal India Ltd.(up 0.37%) stood among the top gainers.

Quant Small Cap Fund in its June portfolio has increased its stake in Adani Power and HDFC Bank. On the other hand, it decreased its exposure in Life Insurance Corporation Of India and TV18 Broadcast. It made a complete exit from Adani Green Energy in June. The fund added around 45.25 lakh shares of Adani Power taking the total number of shares to 1.10 crore in June from 64.83 lakh in May. Also Read | Quant Mutual Fund investors withdraw Rs 2,800 crore amid Sebi probe: Report

UltraTech is in advanced negotiations with the promoter of Orient Cement Ltd (OCL), his uncle CK Birla, after restarting talks in recent weeks, amid intensifying consolidation efforts in the sector, said people familiar with the discussions. Kumar Birla's renewed efforts to buy Orient are seen as an attempt to trump Adani Cement and consolidate UltraTech’s position in the southern and western markets, especially Maharashtra and Telangana, after buying a 23% stake in India Cements at the end of last month. Adani Cement, which controls India's second largest cement capacity, has been engaged in talks with CK Birla since late last year but is said to have baulked at the valuation sought.

20 Microns Ltd.(up 2.36%), Ashapura Minechem Ltd.(up 0.88%), NMDC Ltd.(up 0.48%), Aro Granite Industries Ltd.(up 0.22%) and Coal India Ltd.(up 0.11%) stood among the top gainers.

India Cements Ltd for ₹1,900 crore. This is a non-controlling financial transaction, but wide-held expectations are that this move would eventually lead to the acquisition of India Cements. For UltraTech, the Southern regions contribute the lowest capacity market share of 11%.

Oil India and Vertoz Advertising, along with several other companies, are expected to remain in focus this week as they approach their record dates for bonus issues, stock splits, buybacks, and demergers. The record date is set by the company to determine which shareholders are eligible to receive the offer. To qualify for a buyback offer, bonus issue, or stock split, shares must be held in the Demat account on the record date.

Madhav Marbles & Granites Ltd.(up 2.00%), Coal India Ltd.(up 1.40%), NMDC Ltd.(up 1.02%), 20 Microns Ltd.(up 0.87%), Aro Granite Industries Ltd.(up 0.76%), KIOCL Ltd.(up 0.70%), Ashapura Minechem Ltd.(up 0.41%), MOIL Ltd.(up 0.28%), Sandur Manganese & Iron Ores Ltd.(up 0.18%) and The Orissa Minerals Development Company Ltd.(up 0.07%) were among the top gainers.

Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the government should raise the basic exemption limit under the new tax regime from ₹3 lakh to ₹5 lakh to provide taxpayers with more disposable income.

₹4,800 crore across commercial vehicles, passenger vehicles, tractors, construction equipment and MSME loans. As part of the investment, Rahul Mukim, director of private capital, India, is slated to join the board of Kogta as the nominee of Ontario Teachers’ Pension Plan.“Our investment in Kogta underscores our commitment to identifying and backing high-growth opportunities in India’s vibrant financial services sector.

MVN Aero One has leased the largest co-working space to date to Spring House, spanning 3 lakh sq ft, at its upcoming MVN Aero One Mall located at Sector-37 D, Dwarka Expressway, Gurugram. This partnership ushers in a transformative era of work and lifestyle integration, setting a new benchmark in the commercial real estate sector in India, the company said on Tuesday.

Aro Granite Industries Ltd.(up 5.07%), Oriental Trimex Ltd.(up 3.79%), Madhav Marbles & Granites Ltd.(up 2.00%), Gujarat Mineral Development Corporation Ltd.(up 1.81%), Ashapura Minechem Ltd.(up 1.26%), Sandur Manganese & Iron Ores Ltd.(up 0.69%), The Orissa Minerals Development Company Ltd.(up 0.32%) and Coal India Ltd.(up 0.24%) were among the top gainers.

Lexus Granito(India)Ltd.(up 20.01%), Ashapura Minechem Ltd.(up 4.24%), Madhav Marbles & Granites Ltd.(up 1.99%), KIOCL Ltd.(up 1.12%), Pokarna Ltd.(up 0.84%), Gujarat Mineral Development Corporation Ltd.(up 0.63%) and Aro Granite Industries Ltd.(up 0.04%) stood among the top gainers.

«Speciality chemical is a very different ball game. I mean, it has been struggling and there are intermittent signs of it reviving, but still it is very difficult as China is dumping and the competition across the globe is huge,» says Samit Vartak, SageOne Investment Advisors. For a lot of sectors we are at the peak of optimism, they are baking in the best in terms of order inflows, etc. A couple of places where there is still sort of a lack of belief or a bit of disbelief are those like IT, FMCG, chemicals, etc. Are you saying that perhaps it is time to bet on the underperformers? Samit Vartak: I am looking at companies where I am expecting close to 25% kind of earnings growth. A lot of companies in the IT sector or FMCG will never give you that, even half of that, so they are never really part of my portfolio.

MintGenie, Singhal said that equity investments are always accompanied by higher risks and related volatility. A Special Opportunities Fund is no exception.The market is currently at valuation multiples which may not be called attractive, more so, for mid caps and small caps where the valuation premiums are above long-term averages. We don’t see a case for multiple expansions over the next couple of years (especially for mid caps and small caps).

MOIL Ltd.(up 4.36%), Lexus Granito(India)Ltd.(up 3.27%), 20 Microns Ltd.(up 3.09%), KIOCL Ltd.(up 2.00%), Sandur Manganese & Iron Ores Ltd.(up 1.94%) and The Orissa Minerals Development Company Ltd.(up 1.66%) stood among the top gainers.

₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors, totaling ₹1,500 crore.Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off the shares in the Offer for Sale (OFS).The company manufactures, markets, and distributes alcoholic beverages both within India and globally. Its product range encompasses various IMFL brands such as vodka, rum, whiskey, and brandy.Allied Blenders and Distillers IPO date: The IPO of liquor company will open for bidding on June 15 and will close on June 27.Allied Blenders and Distillers IPO price band: The company has set the price band of its IPO at ₹267 to ₹281 per share.Allied Blenders and Distillers IPO size: The Allied Blenders IPO is a book-built issue aiming to raise ₹1,500 crores.

inflation has reduced the purchasing power of Rs 100 over the years. So why should you pay income tax on long-term capital gains without factoring in inflation? Rather than inflationary gain, it is fair to pay income tax only on real gain. This is why the Income Tax law allows you to take advantage of indexation. It helps you to get a discount for inflation over the current price of the asset and get the inflation-adjusted present value of your capital gains. «Indexation is a mechanism which is used to adjust the current price of a capital asset to reflect the effect of inflation on it in comparison to the date of its actual purchase. With the help of indexation, one can lower the Long-Term Capital Gain (LTCG) and corresponding tax applicable on it at the time of sale of such capital asset,» says Daizy Chawla, Managing Partner, S&A Law Offices. So, you must use indexation to your advantage and pay a lower long-term capital gains tax. However, do note that this benefit is not available for every capital asset.

A born-male hotel executive who identified as a woman had a request of her HR head. She wanted to work in the reception desk of the hotel in a sari. The senior approved.

Sandur Manganese & Iron Ores Ltd.(up 10.00%) and Oriental Trimex Ltd.(up 2.42%) stood among the top gainers.