Recommendations Financial News

NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion's share will be contributed by NTPC ($71 million) followed by NHPC and NLC India.

IndiGo is again in the spotlight. A woman, Shrankhla Srivastava, took to social media to voice her disappointment with the airline. Srivastava posted a picture on Saturday showing her damaged luggage after a flight with IndiGo. In a sarcastic tone, she thanked IndiGo Airlines for their supposed care of her luggage in her post, tagging the airline. «Dear @IndiGo6E, Thank you for taking care of my luggage,» she said in her post. Srivastava's post quickly gained traction on social media, eliciting reactions from other internet users. The post has been viewed 3.32 lakh times since being posted on March 23. IndiGo Airlines responded to the situation, issuing an apology and expressing regret for the inconvenience caused. The airline's official Twitter account replied to Srivastava's post, requesting time to investigate the matter and promising to reach out to her directly.

A Toronto woman who was carjacked along with her husband over the weekend is calling for more action to be taken on the issue, saying it is “not being taken serious enough.”

Correction in midcap, smallcap stocks an entry opportunity; TVS, Zomato best picks among ‘fallen angels’: Emkay Global Axis Securities expects Nifty to trade in the range of 22,500-21,600 with mixed bias this week. Experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

7th Pay Commission: Central government employees could get their increased salaries for the month, a day early on March 30, as March 31 is a Sunday, as per a Jagran report. It should be noted however that the Reserve Bank of India (RBI) has asked banks to work on March 31, despite it being a Sunday, because it is the last day of the financial year. Also Read | 7th Pay Commission: Government employees likely to get 4% DA hike in March 2024 The dearness allowance (DA) for employees and pensioners is worked out based on the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.

₹542.15 against its previous close of ₹516.35. Around 10 am, the stock traded 3 per cent higher at ₹531.85. Sterling and Wilson Renewable Energy share price has been on an uptrend for the last three consecutive sessions amid reports of capital raising after a stake sale in its data centre business.

Uno Minda, a global Tier-1 supplier of proprietary automotive systems and solutions to original equipment manufacturers, witnessed a 4.6% surge in its shares in today's early trading, reaching ₹679 per share. This uptick follows the company's recent announcement of a strategic partnership. According to a regulatory filing made by the company on Friday, Uno Minda has entered into a Technical License Agreement (TLA) with Starcharge Energy Pte.

Stocks that were in focus include names like IREDA, which rose 5%, Infosys, which declined 3%, and Wipro, whose shares fell 2.5% on Friday.

Sensex gained 190.75 points, or 0.26%, to close at 72,831.94, while the Nifty 50 settled 84.80 points, or 0.39%, higher at 22,096.75. In the last week of March, investors will now keep an eye on several stock market triggers including domestic macroeconomic data, government announcements on fiscal closing, foreign capital inflow, and other global market cues. “This week being a truncated week and the derivatives’ monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher levels.

Buy or sell stocks for today: After an extended weekend due to the stock market holiday on Monday, the Indian secondary market is expected the follow the global market sentiments, especially after the profit-booking trigger in the US stock market. The US stock market took a breather as most of the major indices ended loser on Monday. The Dow Jones index ended 0.41 percent lower while the S&P 500 index lost 0.31 percent.

Department of Telecommunications (DoT) has sought more suggestions from the telecom regulator on critical services and their regulatory requirements. «We will conduct a consultation with stakeholders on the reference from DoT regarding M2M services,» an official at the Telecom Regulatory Authority of India (Trai) told ET. The telecom industry is worried that any further delay in defining critical services would lead to security implications as currently most of the M2M communications, including in power and infrastructure sectors, are happening on non-licensed spectrum with no security parameters, putting such networks at risk.

In a move marking the first large-scale exercise in decades, the Archaeological Survey of India (ASI) has unveiled plans to remove 18 centrally protected monuments from its roster, citing their diminished national significance. This initiative stems from a list of 24 “untraceable” monuments identified by the Union Ministry of Culture, which was submitted to a parliamentary committee last year.

Nikhil Kamath, the co-founder of Zerodha, expressed his belief that Bengaluru possesses a significant amount of paper wealth, suggesting that the wealth in the city may be more superficial than tangible. He noted that individuals in Bengaluru often accumulate wealth through stock options and other paper assets, particularly those working in the tech industry. Bengaluru's primary wealth stems from tech companies He highlighted that the wealth in Bengaluru primarily stems from tech companies, leading to a facade of affluence without substantial expendable wealth. Kamath expressed, 'It's not real money. Bengaluru has the most paper wealth and very little expendable wealth. The paper rich from here made money in tech companies.' Reflecting on his early career, Kamath recounted his first job experience at a call center in Bengaluru where he earned ₹8,000 selling health insurance. He noted the contrast in feelings as his peers graduated and entered the workforce.

mutual funds in FY24 (April 1, 2023 to date). They have offered an average return of around 34.86% during the period. CPSE ETF, the topper on the list, offered 97.76% in FY24. Motilal Oswal S&P BSE Enhanced Value ETF offered 86.87%.

Instagram has started an automatic clamp down on the amount of political content appearing in its users’ feeds, but there is a relatively quick and easy way to turn off the controls if you don’t want to keep the limitations place

Holi, the festival of colours, when observed carefully offers a range of money lessons to investors. From early preparation of this festival to the playful spirit with which it is celebrated – there are a range of key money lessons we can learn from it.

equity mutual funds during the said period. Aditya Birla Sun Life PSU Equity Fund, the topper in the list, offered 76.93% since last holi. SBI PSU Fund gave 72.60% during the same period.

Dalal Street – smallcap stocks – as we saw as many as 181 of them turning multibaggers. What’s worth noting is that more than 100 of these smallcap stocks went through a bad phase in the preceding financial year. So, FY24 became a turnaround year for many of them.

self-regulatory body for online gaming, it may be looking at incorporating an independent regulator that will allow only registered entities to offer e-gaming services in India. The National Law University (NLU) Delhi, along with industry body E-Gaming Federation (EGF), is consulting with industry stakeholders to determine the direction that gaming regulations should take henceforth, people aware of the development told ET.

Allahabad HC declared the UP Madrasa Education Act «unconstitutional», the Madrasa teachers associations have decided to challenge the ruling in the Supreme Court following CM Yogi Adityanath's statement that the state government will comply with the court's order. The teacher associations have also urged an amendment in the act to suit it to the HC's observations regarding the quality of education, etc, instead of doing away with it completely. It has also suggested transfer of madrasas from the minority welfare department to the education department, as was the norm before 1996. The HC's order has cast a shadow of uncertainty over about 26 lakh students enrolled across various recognised and unrecognised madrasas in the state. The court's order also adds to another recommendation made by a Special Investigation Team to shut down over 8,400 unrecognised madrasas in the state. The UP board recognises 16,513 madrasas out of which 560 receive grants used to give salaries to teachers.

Nirmala Sitharaman on Sunday asserted every penny that was due to Karnataka from the Union Government had been paid on time, a day after Chief Minister Siddaramaiah announced moving the Supreme Court over the “five-month delay” in the release of drought relief. The FM, who represents Karnataka in the Rajya Sabha, rejected Karnataka’s charge of fiscal bias against the Centre, speaking at an interaction organized by Thinkers Forum in Bengaluru. “The claim that Rs 5,495 crore as a special grant was not released for Karnataka is totally false. The Finance Commission, in its final report, did not recommend any such special grants.”