Recommendations Financial News

Tata Technologies IPO: Listing date of the initial public offering (IPO) of Tata Technologies Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Tata Technologies share price will hit Dalal Street during Thursday deals.

Gandhar Oil IPO: Listing date of the initial public offering (IPO) of Gandhar Oil Refinery Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Gandhar Oil share price will hit Dalal Street during Thursday deals.

Private equity giant Blackstone will acquire the pet care app Rover in an all-cash deal valued at $2.3 billion, the companies announced Wednesday

Survivors of the harmful morning sickness drug thalidomide were in the public gallery when Australia’s Parliament made a national apology for what was described as one of the darkest chapters in Australia’s medical history

Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshir...

The proposed NewRange Copper Nickel mine in northeastern Minnesota has suffered a fresh setback

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Stocks on Wall Street are on track to close out 2023 on a solid note with investors growing increasingly optimistic that that the Federal Reserve may be done raising rates amid cooling inflation and as the economy holds up better than expected.

As the world gathers for CoP-28 in the UAE, world leaders will need to demonstrate leadership and diplomacy to accelerate global climate action. This must be done in the context of the pressing realities of climate change, economic cycles and current geopolitics. My recommendations on what they should do are below: Greater mitigation commitments by developed countries: The carbon budget to limit global warming to 1.5° Celsius was last estimated in 2020.

Charlie Munger, the veteran investor and philanthropist, who bid adieu to the world on Tuesday. People in the financial fraternity across the globe mourned the loss and shared their stories of the impact that Munger had in their lives. Among them was Ravikant Rathore, Chief Investment Officer, Tata Pension Management. “Personally, Charlie has had a profound impact on me. He was a powerhouse of worldly wisdom, and his lessons went beyond investing to living a good life,” says Rathore. Here’s some key lessons Rathore learnt from Munger: * Avoiding Stupidity: We put all our efforts in trying to be smart to grow in life instead of focusing on simply avoiding mistakes. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra ltd amongst others. For Passenger Vehicles, retails are expected to grow 6-8% YoY during the month of November largely driven by the festive season demand, said analysts at Motilal Oswal Financial Services. For Passenger Vehicles, festive period growth was largely underpinned by healthy SUV (sports utility Vehicles) demand and 25-30% higher discounts YoY for lower-end model, as per analysts at Motilal Oswal Financial Services.

Narendra Modi, which met on Tuesday night, has approved the terms of reference for the 16th Finance Commission, though the government is yet to choose the commission's members, information and broadcasting minister Anurag Thakur said on Wednesday. The cabinet also extended the tenure of the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another five years from 1 January 2024 and allocated another ₹11,80,000 crore to the scheme, which provides free rations to the poor, Thakur added. The PMGKAY scheme, launched during the pandemic to support people amid lockdowns, has been vital for the poor, the minister said.

Hero MotoCorp Ltd, TVS Motor Company Ltd, Bajaj Auto Ltd with gains of 1-4.5% scaled 52-week highs on Wednesday. The sentiments on two-wheeler manufacturers have improved led by strong festive season sales. The S&P BSE Auto Index is up almost 10% in November as all automobile sales are likely to have caught pace during the festival season For the two-wheeler manufacturers the retails are expected to grow 9-11% year-on-year in November’2023, led by strong demand in the first half of the month, wherein volumes grew 14-16% year-on-year, said analysts at Motilal Oswal Financial Services.

New Delhi: COP27 (Conference of Parties) at Sharm el-Sheikh, the Egyptian city, was scheduled to wrap up last year on 18 November after two-weeks of talks. Hard-fought negotiations, however, went down to the wire at the global climate conference attended by about 100 heads of State and over 190 countries, and when it eventually closed almost two days later, had a breakthrough to show—a loss and damage (L&D) fund— financial assistance for countries vulnerable to climate change impacts. It is not unusual for COP negotiations—the annual conference convened under the United Nations Framework Convention on Climate Change (UNFCCC)—to go into extra time.

Royal Orchid Hotels (ROHL) with a target price of ₹498, indicating an upside of 63 percent. "We remain positive on the industry given the favourable demand-supply dynamics in the near-to-medium term. We expect growth for ROHL to outpace peers, given its lower base, extensive room addition pipeline, and improving brand recognition, which will help to narrow the valuation gap with its peers," it said.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

sovereign gold bond (SGB 2015-I) goes for redemption on Thursday. Its returns over the last eight years stand at 148%, which includes 20% in interest income accrued over this period.

IREDA at the bourses was better than Street expectations with a robust 56% over the issue price. This reflects investor sentiment about the strong fundamentals and growth potential of the company. Post the listing, the stock rallied a further 18% and is currently trading at Rs 59.19 on BSE, up 85% over the IPO price of Rs 32. Despite solid listing gains, analysts are quite bullish on the stock from a long-term perspective.

cabinet on Wednesday approved the Terms of Reference (TOR) for the sixteenth Finance Commission to recommend the tax distribution between the Union and the States of the net proceeds of taxes, on the measures needed to augment the resources of local bodies and to review the present arrangements on financing Disaster Management initiatives. «The selection of chairman and members will happen soon and the detailed terms of reference will be issued later,» a senior official told ET. The commission once constituted, will give its report by October 31, 2025. The Finance Commission is a constitutional body that determines the method and formula for distributing tax proceeds among the Centre and states. It suggests distribution of taxes and grants and works based on the terms of reference set by the finance ministry for a five-year period, after being approved by the centre. The recommendation of the sixteenth Finance commission will be valid for five years, from April 1, 2026 to March 31, 2031. The Fifteenth Finance Commission was constituted on November 27, 2017.