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One Nation, One Election' led by former president Ram Nath Kovind has invited suggestions from the public «for making appropriate changes in the existing legal administrative framework to enable simultaneous elections in the country». In a public notice, the high-level committee said the suggestions received by January 15 would be taken up for consideration.

Jyoti CNC Automation IPO: The initial public offering (IPO) of Jyoti CNC Automation Ltd is going to hit the primary market on 9th January 2024 i.e. on Tuesday next week. The CNC machines maker company has fixed the Jyoti CNC Automation IPO price band at ₹315 to ₹331 per equity share.

Buy or sell stocks: Despite cautious sentiments in the global market, the Indian stock market ended higher for the second straight session on Friday. Nifty 50 index added 52 points and closed at the 21,710 level, and BSE Sensex regained the 72,000 mark by adding 178 points in the last session of the week gone by. However, the Bank Nifty index went off 36 points and finished at 48,159 level.

₹760, while maintaining the ‘buy’ tag. The brokerage firm has also named SBI as its most preferred stock in the PSU sector. “Given the relative strength of SBI as a franchise (demonstrated over the last credit cycle), we now recommend owning it over other PSU banks.

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₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

V Senthil Balaji from the State Cabinet due to his implication in a money laundering case. A bench of Justices Abhay S Oka and Ujjal Bhuyan orally observed that a Governor cannot dismiss a Minister without the recommendation of the Chief Minister. The apex court refused to interfere with the judgment of the Madras High Court which had rejected the plea to remove the Dravida Munnetra Kazhagam (DMK) minister from the Cabinet.

Penny stock under ₹10: Shares of East West Holdings Ltd are one of those rare penny stocks of the Indian stock market, which is backed by foreign institutional investors (FIIs). Mauritius-based FII AG Dynamics Fund holds the majority of FIIs' stake in this penny stock under ₹10. The FII holds a 6.78 per cent stake in this small-cap stock under ₹10.

Ashish Kacholia portfolio: Balu Forge shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. In this time, this Ashish Kacholia portfolio share has risen from around ₹62.50 to ₹289 apiece levels on BSE, delivering to the tune of over 350 per cent to its positional investors. However, it seems that the multibagger stock still possesses upside potential.

‘Take refund, we don't care…,’ Passengers furious over Go First's conduct after flight cancellation “Since October, LocalCircles has witnessed a notable rise in grievances from air travellers, encompassing issues such as exorbitant fares, flight cancellations, delays, denied boarding, mishandled or lost luggage, significant increases in onboard food prices, undisclosed changes in boarding gates, and instances of staff displaying rude behaviour at check-in counters," the survey report stated. Also Read: DGCA reports flight problems, baggage, and refunds as top passenger complaints Furthermore, the report stressed the Airports Authority of India (AAI) anticipation of a continued surge in passenger numbers that projected an overall passenger growth of 371 million in the fiscal year 2023-24 and a further increase to 412 million in the subsequent fiscal year, 2024-25.

Also Read: Markets Moving in Lockstep Threaten to Make for a Trying 2024 Earlier, Morgan Stanley forecasted that the Dollar Spot Index would strengthen about 8% from current levels in the second quarter. However, analysts turned bearish on the greenback in December after Fed’s dovish pivot with the Chair Jerome Powell signaling a shift to cutting rates this year.

SRF Ltd. traded 0.74 per cent down at Rs 2486.9 at 12:38PM (IST) on Friday, even as BSE benchmark Sensex gained 71.72 points to 71919.29. The stock had settled at Rs 2505.55 in the previous session.

Lupin Ltd. traded 0.61 per cent down at Rs 1389.25 at 12:43PM (IST) on Friday, even as BSE benchmark Sensex gained 48.32 points to 71895.89. The stock had closed at Rs 1397.9 in the previous session.

Ram Mandir consecration: Ahead of the consecration ceremony of the Ram temple in Ayodhya, locals and members of the All Assam Divyanga Versatile Association of the state's Kamrup district have sent 7000 pieces of bamboo to Ayodhya. A container truck filled with bamboo pieces collected from the Lampi area near Boko to Ayodhya was dispatched on Thursday night. Arjun Chetry, a Member of Rabha Hasong Autonomous Council, said that this is a proud moment for them as they were able to send bamboo that will be used in the inauguration ceremony of the Ram Temple in Ayodhya. «We were instructed to collect some bamboo and we have collected the bamboo pieces from the Lampi area. We will send these bamboo pieces to Ayodhya and the bamboo-loaded truck will travel 1250 km to reach Ayodhya. It is a matter of pride for us,» Chetry said. The 7,000 bamboo branches were collected from the Lampi area along the Assam-Meghalaya border and stacked at Gohalkona Kacharipara.

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Motilal Oswal Financial Services is positive about the stock for the long term as it sees several growth levers at play for the company. The brokerage firm has initiated coverage on IIFL Finance stock with a buy recommendation and target price of ₹800, implying a 26 per cent upside potential.

Adani Power Ltd. traded 0.19 per cent up at Rs 557.0 at 11:52AM (IST) on Friday, even as BSE benchmark Sensex gained 84.35 points to 71931.92. The stock had settled at Rs 555.9 in the previous session.

HAL with a buy rating, and CLSA is positive on financial stocks like Bajaj Finance, ICICI Bank and Mahindra Financials. Motilal Oswal has a buy rating on IIFL Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on HAL: Buy| Target Rs 3600 UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600.

Stock split 2024: Nestle India's share price witnessed selling pressure in early morning deals on Friday as the stock is trading ex-split today. Nestle India's share price today opened downside and went on to hit an intraday low of ₹2,657 apiece on BSE, logging a nearly 2 per cent dip against its Thursday close of ₹2,711.

on an upswing and investors are encouraged to lock their investment in these deposits, one can explore the prospect of investing in another financial instrument i.e., debt mutual funds particularly the long duration ones. Although debt schemes became relatively less attractive in early 2023 after the phasing out of indexation benefit in Finance Bill 2023, the investors still opt for them for the assured returns they offer. Experts argue that the ongoing bull market has triggered the need for portfolio rebalancing which means investors are recommended to sell some of their equity assets and redeploy the proceeds to buy debt schemes so that their predetermined equity-debt ratio remains intact.

market segment, given the sheer amount of their dollars that chased equities. Foreign portfolio investors (FPIs) bought Indian equities worth Rs 1.77 lakh crore in 2023, the highest-ever by them in history, in rupee terms. And, it’s interesting to note that almost one-third of the inflows came only in December, which was also the highest inflows in a month in 2023.