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normal trading session today, while the markets will remain shut on Monday, January 22. On Friday, the benchmark indices witnessed a minor upside bounce after showing sharp weakness in the last couple of sessions. The Sensex jumped 496.37 points, or 0.70%, to end at 71,683.23, while the Nifty 50 settled 160.15 points, or 0.75%, higher at 21,622.40.

life, shoulders slumping, eyes drooping, with not a smile, complaining and whining. They have mastered the art of making themselves unhappy and everybody around them.

Loss and Damage Fund (LDF) at COP28 has fulfilled a long-standing demand of developing countries. Many countries announced their contributions to the fund, cumulatively amounting to about $700 million. The term 'loss and damage' refers to: Stretched limits Impacts that go beyond the limits of adaptation and mitigation efforts, such as economic losses (damage to infrastructure and productive systems) and non-economic losses (loss of lives, livelihoods, cultural heritage and biodiversity). Slow and furious Slow-onset events like sea-level rise and ocean acidification, as well as extreme weather events like floods, droughts and storms. The decision to create LDF was taken at COP27 at Sharm el-Sheikh, Egypt.

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Public Provident Fund (PPF), there should be no step-motherly retirement for NPS subscribers as both these investments are for the long-term with the sole purpose of retirement benefits. PPF enjoys the status of EEE. EEE refers to tax-free status.

fiscal deficit to 5.3 per cent of India's gross domestic product in the upcoming budget for FY25 despite poll pressure, a foreign brokerage said on Friday. The government will meet the FY24 commitment to reduce the important number to 5.9 per cent, BofA Securities said in a note. «We see Centre's fiscal deficit to consolidate further to 5.3 per cent of GDP, despite poll pressure,» its analysts wrote in a note. The government will opt for continuing with its strategy of consolidating fiscal deficit through capital expenditure driven growth instead of expenditure compression, it said. The brokerage said digitization-led formalization has aided the fiscal math through tax buoyancy on one side and reducing wasteful expenditure (subsidy leakage) on the other.

Multibagger IPO: The investment strategy for an initial public offering (IPO) should not be much different from the stock market's investment strategy because investing in an IPO is like investing in a stock. So, one should try and hold the stock after share allocation as long as one can. This enables an investor to get a compounding benefit as one gets income on the income earned on one's investment amount.

mutual fund scheme, investors often weigh the pros and cons of several factors. These include the category scheme falls under, reputation of the fund house which launched it, fund manager’s past performance and importantly – historical performance of the scheme. Here, we list out the top performing flexi cap mutual fund schemes based on their annualised returns in the past five years.

Also Read: Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the government ahead of the upcoming budget. “Gem and Jewellery exports have been facing a challenging time on account of the economic downturn in key export markets, geo-political concerns, supply and demand side constraints in the global diamond industry, and unavailability of precious metal in the country among others.

UIDAI) has announced modifications to the Aadhaar (Enrolment and Update) Rules, introducing separate forms for residents and non-resident individuals. The circular, dated January 16, 2024, outlines key changes and requirements for Aadhaar enrolment and updates. NRIs, whether minors or adults, holding a valid Indian Passport, are now eligible to apply for Aadhaar from any Aadhaar Kendra. The latest circular specifies that for NRI children, a valid Indian passport is the only accepted Proof of Identity (POI) and Proof of Address (POA). Additionally, for both resident Indians and NRIs born on or after October 1, 2023, a birth certificate is now mandatory. The revised Form 1 will be used for Aadhaar enrollment for those aged 18 and above, whether residents or non-residents with proof of address in India. NRIs must provide an email address as part of their Aadhaar details, and according to Form 1 standards, no SMS or text messages will be sent to non-Indian cellphone numbers provided by NRIs. A valid Indian passport is the sole accepted POI for NRIs, and Form 2 is designated for NRIs enrolling or updating with an address outside of India. Forms 3, 4, 5, and 6 are specified for enrolling children with varying age categories and addresses, distinguishing between residents and NRIs. For resident foreign nationals above 18 years, Form 7 is to be used, requiring details of foreign passports, OCI cards, valid long-term visas, or Indian visas for enrolment. The inclusion of an email ID is mandatory in this category. Form 8 is designed for resident foreign nationals below 18 years, requiring parental or guardian authentication and consent.

Budget 2024: What is Vote on Account? Significance and more… Nirmal Bang expects fiscal consolidation in FY25 with a deficit likely at about 5.5 per cent of GDP, largely driven by moderation in government capex growth at 15 per cent. The brokerage firm highlighted the following six major themes that could dominate the Interim Budget 2024. Take a look: Nirmal Bang expects the fiscal deficit to come in at 5.5 per cent of GDP in FY25, led by moderation in capex growth to 15 per cent from an estimated 36 per cent in FY24.

Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, believes that any populist measure in the Budget which can increase the fiscal deficit will be seen in a negative light by the market participants. In an interview with MintGenie, he noted that any increase in taxes related to the capital markets like STT, Capital Gains, etc. can lead to a negative impact on the markets.

Metro Brands fell 5% to Rs 1,140 in Friday's trade on BSE after the footwear retail chain reported a 12.6% decline in consolidated net profit to Rs 98.8 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands. However, its revenue from operations increased 6.14% to Rs 635.5 crore during the quarter under review against Rs 598.7 crore in the year-ago period. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Also read: Epack Durables IPO opens. Should you subscribe to this issue? At 10.45 am, the scrip was trading 3.3% lower at Rs 1,162.4 on BSE.

buzz surrounding ITI Ltd. Despite its stock soaring over 4x, a staggering 300% rise from its 52-week lows, the company's fundamentals don't seem to justify such enthusiasm. ITI Ltd has been in the red both in the last financial year, FY23, and the preceding 12 months.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Nifty 50 formed a small positive candle on the daily chart with upper and lower shadow. Technically, this pattern indicates a formation of high wave type candle pattern at the lows, which signals high volatility in the market.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Buy or sell stocks for today: On account of weak global market sentiments, the Indian stock market ended lower for the third straight session on Thursday. The Nifty 50 index lost 109 points and closed at a 21,462 level, the BSE Sensex ended 313 points lower at the 71,186 mark while the Nifty Bank index finished 350 points down at the 45,713 level.

Nelson Peltz’s Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney’s board, two days after the media and entertainment company nominated its own slate of directors

—Name withheld on request Similar to the provision allowing portability between individual health insurance policies, there is also a provision for portability from group plans to individual plans. Under this provision, an employee covered by a group plan with an insurer can switch to an individual plan with the same insurer upon leaving the group. The primary benefit is a reduction in the waiting period that would be applied under the individual retail plan.

committee on 'one nation, one election' Ram Nath Kovind has started holding deliberations with former chief election commissioners and retired judges on the issue of holding simultaneous polls. This comes days after the panel sought the views of the public on the issue. On Wednesday, Kovind met former Madras High Court chief justice Munishwar Nath Bhandari.