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Pornhub, Aylo Holdings, has agreed to pay a hefty $1.8 million fine to sidestep criminal prosecution related to profiting from sex trafficking videos. US officials unveiled this deal last week, marking the resolution of a contentious issue involving various adult websites under Aylo Holdings' umbrella, such as RedTube, YouPorn, and Brazzers. This agreement, aimed at avoiding legal action, required Aylo Holdings to acknowledge deriving profits from sex trafficking and commit to compensating some of the victims. Additionally, the company will undergo independent monitoring for the subsequent three years.

PTI. He has been put under ‘house detention’ as of now and the Indian authorities are working through diplomatic channels to get him deported. Meanwhile, the Enforcement Directorate (ED) may also file a fresh charge sheet in this multi-crore money laundering case soon, said the officials to the news agency.

In its latest daily note, Sevens Report Research said there are two important differences for investors to consider in 2024.

retirement, odds are that it’s wrong. Saving enough for your retirement, and investing the right way, are truly among the hardest of all financial problems. In many ways, it’s more difficult than running a large endowment or hedge fund — and yet we all must do it.

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As we approach the close of 2023, market sentiment points toward a bullish 2024 for stocks. The year-over-year expected stock market earnings growth rate is expected at 8.1%, according to FactSet.

With just three trading days left in 2023, stocks on Wall Street are on track to end the year on an upbeat note with investors growing increasingly optimistic that the Federal Reserve is done with raising interest rates as inflation continues to cool.

Dunki’. The Shah Rukh Khan-starrer witnessed a massive drop in collections on the sixth day of its release. As per a report by the Indian box-office tracking portal Sacnilk.com, the comedy-drama earned only about Rs 10.25 crore on the sixth day of release. The Rajkumar Hirani directorial, which had a slow start at the box-office (earning only about Rs 29 crore), stayed steady at the box-office for the next few days despite stiff competition from the Prabhas-starrer ‘Salaar’. However, it seems to gradually be losing momentum at the box-office. The movie has collected about Rs 140.20 crore at the end of six days.

A panel of judges has blocked a new Tennessee law that would reconfigure the group overseeing professional sports facilities in Nashville by letting state leaders pick six of its 13 board members

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

Rohit Srivastava, Founder, Indiacharts.com, says “there is some level of caution in chasing the same parts of the market that have been doing well. But that is where you would want to participate, see if there is a correction in the market, you would want to be in the PSUs or the realty sector and even the metals that have started to pick up now. It is just that the current levels and setup tell us that we should not get carried away by the FOMO effect of markets.” We are at lifetime high yet again. Bulls are charging again. What do you think about the levels going forward for the Nifty as well as the Bank Nifty? Rohit Srivastava: Remember this is the year-end holiday period.

Intellivate Capital Ventures have given exceptional returns to their investors in 2023 following the overall positive market sentiment. Despite facing multiple challenges such as the Russia-Ukraine war, the Israel-Hamas war, peak global inflation, rising crude prices, peak US 10-year yield, and a consumption slowdown, the Indian market achieved a record-high streak. This remarkable performance can be attributed to sustained foreign and domestic investor inflows, improving macroeconomic indicators, and the potential for the incumbent government's return to power, all of which, contributed to keeping the markets resilient during the period.

Before investing in a mutual fund scheme, investors tend to view the historical returns as one of the key criteria. Apart from the past returns of a mutual fund, other significant factors that impact an investor’s decision of whether to invest or not include the fund house’s reputation, category of scheme, and the overall market performance, among others.

Metal stocks rallied for the fourth consecutive session on Wednesday, which saw the Nifty Metal index hitting a lifetime high. Rollover of positions to the January derivative series and a reversal in the dollar index are aiding the up move in the stocks in the sector. In four sessions, the Nifty Metal index has gained nearly 6% and hit a lifetime high of 7863.75 points. Among base metals, Hindalco Industries rose more than 3% and scaled a 52-week high of Rs 603. National Aluminium Co rose over 1% to Rs 116.85. Steelmakers across the board gained, with Tata Steel, Steel Authority of India, and JSW Steel rising 1-2%.

Also Read: 2023 in review: IPOs this year have broken records; 2024 will likely see even more IPOs, says Venkatraghavan of Equirus According to data from Trendlyne, 234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019. Out of the 176 SME stocks listed this year, 62, or 35%, are trading with gains ranging between 100% and 1000%.

populist measures are expected in the upcoming Budget. It would — in all likelihood — be pragmatic while there could be some extra push to infrastructure, says Seemant Shukla, Chief Business Officer (CBO) of JM Financial Asset Management. In an email interview with Mint, he speaks about the growing fascination for SIPs (Systematic Investment Plan) among retail investors, best performing sectors of 2023 and the expectations from the market in 2024.

Ashish Garg, MD, Happy Forgings, says “exports have risen from around Rs 50 crore in FY21 to almost Rs 300 crore this financial year. It has grown almost 6x and it was 3.7% last year in H1 we have clocked almost 21% as direct exports. So, we will be closing at about 20% direct exports this year. And going forward, we are looking between 27% and 28% going forward in the next financial year.” Happy Forgings has seen substantial growth over the last few years. Could you help us understand in terms of what worked well for the company and what is the sustainable growth trend that you are expecting? Ashish Garg: The company is able to perform at a CAGR growth of almost 25% in terms of EBITDA. So, it is not just the three years performance, if you look at the performance for the last 10 years, it has been very stable and in terms of numbers, we are improving our EBITDA margins and EBITDA per tonne on quarter on quarter basis because of the machining content in the business. Today almost 85% of the revenues are coming from complete machine products, not only the forged products which is the highest amongst our listed peers and also the value addition in the industrial business and the exports picking up is helping us.

Nifty on Wednesday hit a fresh all-time peak of 21,602.50 with banks, auto and metal stocks leading the charge. Notwithstanding the recent upside, Axis Securities said it foresees Nifty to hit 23,000 by December 2024. For the new calendar year 2024, the brokerage firm has picked 9 stocks within the broader themes of manufacturing, PSU banks, NBFCs, IT services, and consumption. The nine stocks recommended by Axis are Pitti Engineering, Sansera Engineering, Archean Chemicals, Amber Enterprises, JK Lakshmi Cement, SBI, Manappuram Finance, Cyient, and Westlife Foodworld. «The fundamentals of Indian corporates have improved significantly and so has the profitability across the board. This can be seen in the cumulative and rolling net profit of the NSE 500 universe for the last 4 quarters (till Q2FY24), which crossed the Rs 12 lakh crore mark. Moreover, after a muted performance for several years, the ROE of the broader market is improving as well. The bolstered balance sheet strength of corporate India and the significantly enhanced health of the Indian banking system are additional positive factors,» Axis said. It sees Nifty earnings growing to post 14% CAGR growth over FY23-26. New year stock picks from Axis:

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