Recommendations Financial News

Stock market news: As Diwali 2023 is fast approaching, stock market experts and investors are busy finding out investment options that may generate alpha return in long term. For such retail investors mulling to make new investment on Diwali 2023 Muhurat trading, they are advised to know the levels of key benchmark indices or say Nifty 50 and BSE Sensex.

Diwali is steeped in the belief that it ushers in good fortune and prosperity. There is an inherent and old tradition of giving and sending gifts to loved ones. Some love to shower their dear ones with gifts of gold and silver while some adopt the alternative route of gifting shares, antique pieces, or expensive artefacts collected over a period.

Diwali, thе fеstival of lights, is a timе to cеlеbratе prospеrity, wеalth, and good fortunе.  Lakshmi, thе goddеss of wеalth, is bеliеvеd to visit homеs during Diwali, showеring blеssings upon thosе who imprеss hеr. 

The auspicious occasion of Diwali, the festival of lights, is a golden time for investors to purchase gold, property investment, or invest in other things. The celebration for the five-day Diwali festival started today, November 10, with Dhanteras. The festival will be followed by Chhoti Diwali on November 11, Diwali, the main festival, on November 12, Govardhan Puja on November 13, and Bhai Dooj on November 14.

Diwali 2023 Muhurat trading: In India, new investments on Diwali is considered auspicious as it is believed that such investments bring prosperity and sound financial condition. Even though Indian millennials have strated investing in various other tools like properties, mutual funds, bonds, etc on Diwali, gold and silver still score over these investment options by huge margin. However, the situation becomes highly tricky when one has to choose either of gold or silver while choosing an investment option.

Financial literacy is unquestionably an essential skill that empowers individuals to effectively navigate the intricacies of personal finance and make well-informed choices that significantly influence their financial stability. Financial literacy represents an ongoing voyage of learning and personal development. It doesn’t involve simply amassing knowledge at a single juncture but rather entails the perpetual broadening of one’s comprehension of personal finance while adjusting to the constantly evolving financial terrain.

Diwali Muhurat trading 2023: Indian stock market and other global market bourses remain closed on Saturday and Sunday. However, there are some exceptions to this normal practice. As Diwali 2023 is falling on 12th November 2023 i.e.

Silvеr coins havе long bееn chеrishеd as gifts, thеir еnduring valuе and classic appеal making thеm a timеlеss choicе. Thеy can bе a symbol of prospеrity, making thеm an еxcеllеnt choicе for various occasions likе wеddings, birthdays, or fеstivals. They also hold sеntimеntal and monеtary value.

Promising to get traders ahead of the pack, Voltix Momentum positions itself as a crypto trading platform with a unique bouquet of facilities that include real-time analytics, strategic trading, and robust security measures.

India and USA on Friday reiterated that they stand with Israel against terrorism and called for adherence to international humanitarian law, including with regard to the protection of civilians. They called for the immediate release of all remaining hostages.

The meet called for concerted action against all terrorists, including through designations of individuals affiliated with groups listed by the UN Security Council 1267 Sanctions Committee, such as Al-Qaeda, ISIS/Daesh, Lashkar-e-Taiba, and Jaish-e-Mohammed, according to statement issued after the meeting. The meet emphasised importance of upholding international standards on anti-money laundering and combating the financing of terrorism, consistent with Financial Action Task Force recommendations. Both countries reiterated their commitment to work together in FATF and other multilateral platforms and expressed determination to counter new and emerging forms of terrorism and violent extremism and the use of emerging and evolving technologies such as unmanned aerial systems and the internet for terrorist purposes. The ministers also called on the Taliban to adhere to commitment to prevent any group or individual from using Afghanistan to threaten the security of any country.

PTI, she said PM Modi wants to gag anyone who flags this issue. According to reports, the Lok Sabha Ethics Committee recommended Mahua Moitra's expulsion from the Lower House over the "cash-for-query" case. She is accused of accepting "illegal gratifications" from a businessman to raise questions in Parliament at his behest.

By Julie Cazzin with John De Goey

Lok Sabha's Ethics Committee Chairman Vinod Kumar Sonkar has submitted the report of the panel on the 'cash-for-query' allegation against TMC MP Mahua Moitra to the office of Speaker Om Birla, sources said on Friday. The Committee, at a meeting on Thursday, had adopted by majority the report that recommended Moitra's expulsion from the House for accepting «illegal gratifications» from businessman Darshan Hiranandani to raise questions in Parliament at his behest. The committee recommended Moitra's expulsion from the Lok Sabha for «unethical conduct» and «contempt of the House '. Six of the 10 members present at the Committee meeting on Thursday voted in support of the 479-page report while four opposition members recorded their disapproval. According to sources, Birla is in Kota and is likely to return to the national capital after Diwali (Nov 12), following which he is expected to take action on the report.

Annual private capital mobilisation by multilateral development banks needs to quadruple to $240 billion by 2030, co-chair of the Independent Expert Group of MDB reforms set up under India’s G20 presidency N K Singh said, while cautioning against a piecemeal approach to reform of these institutions. Speaking at the Paris Peace Forum at a session on “Achievements since the Summit for a New Global Financing Pact”, moderated by French President Emmanuel Macron, Singh asserted that MDBs required a tectonic makeover. “The next 12 months are crucial to translate the current fervour into changes in process, procedures, and hopefully changes for better outcomes…. I worry about a piecemeal approach to reforms, and institutions acting in silos,” Singh said, adding that a change is needed in the management culture on many fronts. The first volume, submitted to the G20 in July at Gandhinagar, had recommended enhancing their sustainable level of own-account non-concessional finance to $300 billion annually. The second volume handed before the Marrakech G20 ministerial has suggested introducing new instruments – pooled portfolio guarantees and hybrid capital — and inclusion of new investors into the MDB capital stack, as part of steps to diversify the sources of capital.

In this article, we present a curated list of the best manual cooktops under 4000 in India, guaranteed to enhance the look of your kitchen. We've made sure to provide every possible detail about these cooktops so that you can make an informed decision. After reviewing the complete list, feel free to use the provided buying link to place your order without hesitation.

Mahua Moitra on Friday claimed that the Ethics Committee's recommendation to expel her from Lok Sabha stems from Prime Minister Narendra Modi's 'desperation' to keep the Adani group's alleged coal scam under wraps and he wants to gag anyone who flags this issue. In an interview with PTI Video, Moitra who is embroiled in the 'cash for query' row asserted that the issue is how not to allow a lawmaker to raise questions in the House. «Adani has a Rs 13,000 crore coal scam.

Camlin Fine Sciences(CSFL): The brokerage has an ‘add’ call on the stock with a 1-year as well as 3-year (bull case) target price of ₹300, indicating an upside of 133 percent. "We bake in vanillin benefits in our FY24F estimates to arrive at an EPS of ₹15.1 for FY24F and ₹21.8 for FY25F. We valued the stock at 20x FY24F EPS to arrive at our higher target price of ₹300 from ₹180 earlier," it said.

The proposed $20 billion takeover of Origin Energy by a private North American duo has now won support from all major proxy advisers, paving the way for a nail-biting lead-up to a decisive shareholder vote on a deal that is opposed by the electricity supplier’s biggest investor.

Coal India on Friday reported a 12.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended September 2023 to Rs 6,800 crore, which was way above an ETNow poll of Rs 5,990 crore. Consolidated revenue from operations rose nearly 10% on year to Rs 32,776.41 crore and was also above the estimated Rs 31,838 crore. The board has recommended an interim dividend of Rs 15.25 a share for the current financial year.

ESAF Small Finance Bank debuted with a premium listing of nearly 20% on Friday. The listing was in line with expectations, following a strong response to the IPO. The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors.