Recommendations Financial News

insurance sector to equip it to deal with the impact of natural calamities on large infrastructure projects, people familiar with the matter told ET. The standing committee on finance-headed by former minister of state for finance Jayant Sinha has considered issues around reinsurance following complications in insurance claims related to the Teesta Stage III Hydropower project in Sikkim that was washed away by a glacial lake outburst.

State Bank of India, HDFC Bank, and ICICI Bank, along with the government, are drawing up a financing framework for green hydrogen projects, people with knowledge of the matter told ET. The framework will lay down guidelines for credit appraisal, risk assessment, and concessionary finance to make assessment of such projects easier for banks and aid credit flow to the sector, they said. «A committee is being set up that will have representation from all stakeholders, including industry, and based on the recommendations, a lending framework for the sector will be worked out that will help bring more funding to the sector,» an official said. The committee will work under the aegis of the Ministry of New and Renewable Energy (MNRE), the person said. A common framework will also help in consortium lending where foreign lenders including multilateral institutions can participate as various parameters such as project appraisal and post-disbursement supervision will be clearly defined, helping in faster loan sanctions, a bank executive said.

security breach in the Lok Sabha met for the first time last week and examined the existing manuals for gallery visitors. One of the suggestions at the meeting was that anyone visiting Parliament multiple times should be immediately flagged, according to people in the know. The committee is headed by Central Reserve Police Force director general Anish Dayal Singh.

Mint takes a look at the evidence: In his concurring but separate opinion on the abrogation of Article 370, Kaul recommended the creation of a Truth and Reconciliation Commission for Jammu and Kashmir to investigate and report on rights violations by both State and non-State actors at least since the 1980s and recommend measures for reconciliation. Kaul said that such a commission would encourage dialogue and could help resolve the distrust and tension that has built up in J&K over decades. Kaul’s recommendation was positively received by attorney general R.

Lok Sabha leader Adhir Ranjan Chowdhury wrote to Speaker Om Birla on Sunday night, urging him to revoke the suspension of 13 Opposition MPs and “restore normalcy” in the House. The letter comes after the Parliament works were stalled for two consecutive days last week over the security breach in LS and over Opposition demand for the Home Minister’s statement on the matter.

WITH SUBSCRIPTION TO the next tranche of sovereign gold bonds (SGBs) open from December 18 to December 22, investors should look at investing in these bonds and lock-in for eight years to earn tax-free returns. The issue price is fixed at `6,199 per gram of gold and investors will get a discount of `50 per gram on online purchase through digital payments. The final  tranche for this financial year will be open for subscription from February 12 to February 16.

PDP president Mehbooba Mufti on Sunday said her party will continue its struggle for restoration of special status to Jammu and Kashmir, asserting that the Supreme Court's decision on Article 370 is «not God's verdict». Her remarks came days after the apex court on December 11 upheld the Centre's decision to abrogate Article 370, which bestowed special status on the erstwhile state of Jammu and Kashmir, and directed restoration of statehood «at the earliest» as well as elections to the assembly by September 30 next year. «We don't have to lose heart.

Given the positive global and domestic set-up analysts believe positive momentum will continue with some consolidation in the second half of the week. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to analysts on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Mitesh Karwa, Research Analyst Bonanza Portfolio Zensar Technologies Zensar Technologies is seen to be breaking out of a rounding bottom formation on the weekly timeframe with a bullish candlestick and above-average volumes which indicates bullish strength, adding to it, the stock is making higher high and higher lows and is trading above all its important EMAs.

RBI) has set Monday, December 18 as the date for premature redemption of SGB 2017-18 Series XII of the sovereign gold bond. The price for premature redemption is Rs 6,199 per gram. Premature redemption in the SGB scheme is permitted after the completion of the fifth year from the date of issue.

Indian stock market: The Nifty's upward momentum persists with the bulls maintaining control in the market. Achieving a new all-time high, the index has marked its seventh consecutive weekly gain. The prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts.

global market performance has got highly buoyant in anticipation of deep reduction in interest rate. Concern is that the rally is stretching ahead, caution is warranted as inflation is forecast to stay above average in 2024. Fed is indicating 3 cuts in 2024 while market is hoping on 4 to 5.

Crypto Twitch streamers offer people access to unbridled and unfiltered information about the cryptocurrency market while running live streams of their trades or doing live analyses of the price charts.

Christmas in Mumbai is when you see nuns buying dried fruit at Crawford Market. Like many other Christmas cake bakers, they clearly believe that the best-dried fruit, in quality and value, is still found among the vendors here. Dried fruit is intrinsic to Christmas, whether in cake, pudding or mince pies, where ‘mince’ means chopped-up dried fruit.

Muthoot Microfin has raised Rs 285 crore by selling part stake to anchor investors in the pre-IPO placement. The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.

Gaurav Bissa, VP, InCred Equities, says “our strategy and something which we had discussed with our clients and we have recommended aggressively to our clients as well as we are playing IT index as a whole for a fresh lifetime high in the next six to eight trading months. IT is looking strong but Bank Nifty has been so-so. As a strategy, we have recommended that IT and pharma will outperform Bank Nifty relatively over the next couple of years.” First of all, a quick view on the IT index along with the Nifty. If we talk about Nifty IT, it had a good amount of consolidation, it was consolidating for a year and then we witnessed a breakout around 32,000 odd levels. It made a retest and now we have seen IT going higher. The next hurdle at this point of time comes around 36,000, 36,500. So, probably, another 1000 points upside cannot be ruled out from the current levels and there we can see some consolidation.

Sanjiv Bhasin, Director, IIFL Securities, explains why he was convinced about the merits of stocks like JP, TTML and even Suzlon. One would have considered them to be too risky, but they have all done very well. Every Friday afternoon, I would say TGIF, thank God it is Friday. After the way the markets have moved, everybody is saying, why is it Friday? The market will remain closed for two days. Of course, we should have the market open on the weekend also.

Pankaj Murarka, CIO, Renaissance Investment Managers, says “the AI wave will be a much longer term wave like we saw in the mid-90s or early 90s till the end of the decade, the dotcom boom. As a result, IT companies in India across largecaps and midcaps, if they execute well, if they have solutions around it and if they build capabilities around AI, will see a huge amount of work flowing to them. This whole wave of elevated IT spends or resurgence in IT spends globally will sustain for this decade. That is my view and that is why I think this is not one of those cyclical rallies in IT, but this is probably a change of trend.” It has been such a great week. Shouldn’t you be more enthusiastic? We are nearing the end of the year. It has been a phenomenal year for equities globally and for India as well and now that we are ending on a very high note with the last of the sector which had not participated in this b,ull market for almost 24 months now has also started participating. So, it is time to just calm down and absorb all that we have gained and experienced.

Investing.com — Here is your Pro Recap of the biggest dividend hikes, special dividends, and share-buyback announcements you may have missed this week.

they were just "rumours". Also Read | India vs Bharat row: Is name change for India to ‘Bharat’ possible? Mahua Moitra was being investigated over the allegations that the Trinamool Congress (TMC) MP took bribes to pose questions against businessman Gautam Adani at the Lok Sabha. An ethics committee sat to probe the allegations.

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for th...

BSE Sensex reported it longest weekly winning streak in six years, as it rallied to cross its lifetime high mark of 71,000 on the back of strong global cues. On the stock-specific front, Mangalam Cement, TVS Holdings, INOX Green Energy, Hudco, HBL Power, Mastek, KPI Green Energy, RBL Bank, Equitas Small Finance Bank, Coforge, Aether Industries, and others are among the smallcaps that logged a double-digit rise in their share prices last week.