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Sensex and Nifty closed lower on Monday due to a sharp fall in Kotak Mahindra Bank and relentless foreign fund outflows. Stocks that were in focus include names like Manappuram Finance, which rose 4.55%, Raymond Lifestyles, which gained 2.2%, and 360 One Wam, whose shares jumped 3.3% on Monday.

In a stock exchange notice published on Friday (18 October), the EBOX board said Brookfield's offer represents «an attractive premium over the earlier all-share offer by SEGRO», which the directors originally backed in early September. The cash deal for Tritax Eurobox with Brookfield's real estate private funds put forward on 10 October values each EBOX share at 69p, while SEGRO's all-share offer had valued it at about 68.4p a share.  The directors have withdrawn their support for the SEGRO offer and adjourned the court and general meetings due to be held on Thursday (24 October) to a...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

mutual funds have turned Rs 10,000 monthly SIP to more than Rs 2 crore in the last 25 years. Only these three value and contra funds have completed 25 years in the market. SBI Contra Fund, the oldest and the largest contra fund, turned Rs 10,000 monthly SIP to Rs 7.15 crore in the last 25 years. The scheme gave an XIRR of 20.83% in the same period.

hybrid funds. Because of the uncertainties regarding the global economy and ever rising Indian stock market, advisors have been advising investors to move cautiously. In such a scenario they believe that investing in hybrid mutual funds — schemes that invest in equity and debt — may serve investors, especially new and inexperienced investors, better. Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns. Also Read |Jio Financial, Tata Power among top 10 largecaps bought by mutual funds in September

flue gas desulphurisation (FGD) units at public sector coal-based power plants as a recent study found that sulphur dioxide emissions from Indian coal-based power plants were not adversely impacting ambient air quality. Niti Aayog, the government's premier think-tank, has held stakeholder consultations in this regard and is likely to recommend this in its final report by month end, officials said. The Aayog had made such a suggestion in a draft report, after which intensive consultations were carried out before firming up the view, they said.

Subscribe to enjoy similar stories. New Delhi: Faced with a low recovery rate of penalties imposed for anti-competitive conduct, the Competition Commission of India (CCI) has started exploring ways of making recovery more effective. The regulator has set up a three-member internal committee to recommend measures to make the recovery process more robust, two persons informed about the development said.

Indian indices rebounded from the day's lows aided by private banks to end the session in the green as they broke their three-sessions losing streak. The 30-share BSE Sensex rose 218 points, or 0.27%, to settle at 81,224, while the broader Nifty climbed 104 points, or 0.42%, to close at 24,854. Commenting on the day's action, expert Rupak De of LKP Securities said that Nifty moved up sharply after pressing a panic bottom around 24,570 when it slipped below 24,700 level. «On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750,» De said.

NEW YORK (AP) — October isCybersecurityAwareness Month, which means it’s the perfect time to learn how to protect yourself from scams.

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October is Cybersecurity Awareness Month, which means it’s the perfect time to learn how to protect yourself from scams

GST rate rationalisation on Saturday decided to lower tax rates on 20-litre packaged drinking water bottles, bicycles and exercise notebooks to 5 per cent, but suggested raising taxes on high-end wrist watches and shoes, an official said. The rate rejig decision taken by the GoM on GST rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary would lead to a revenue gain of Rs 22,000 crore, the officials added. The GoM proposed reducing GST on packaged drinking water of 20 litres and above to 5 per cent from 18 per cent. If the GoM's recommendation is accepted by the GST Council, the GST on bicycles costing less than Rs 10,000 will be reduced to 5 per cent from 12 per cent. Also, GST on exercise notebooks will be reduced to 5 per cent from 12 per cent, the GoM proposed.

Subscribe to enjoy similar stories. New Delhi: The Indian government is considering a safeguard duty on steel imports to curb the influx of cheap steel into the country and protect the domestic industry. Imported steel, especially from China, costs about 30% less than domestic steel even with customs duty factored in, according to industry estimates.

Many Canadians will likely agree that our tax system is overly complex, which is why millions hire an accountant or tax professional to prepare their tax returns each year. But, just because you hire a pro to prepare your return, doesn’t mean you’re not fully accountable — and ultimately liable — for the information contained inside it.

Subscribe to enjoy similar stories. Warren Buffett's warning about 'a pin waiting for every bubble' seems prophetic as the Indian stock market faces a much-needed correction. Despite the slew of reasons offered by mainstream media, such as Iran-Israel conflict, China stimulus, regulatory changes, the underlying reality is that Indian markets have been overvalued for some time now.

Pankaj Pandey, Head Research, ICICIdirect.com, says they have been very selective in giving recommendations largely because there is no follow-up. They have recommended an IT stock – Newgen Software – with a target price of Rs 1,465, the results were good and our sense is that the company will keep growing at 23-24 odd percent, both revenue and bottom line, over the next two-three years. Pandey says one needs to be very selective because up till now, the results have not been helping the market. They are also expecting hospitals to do well and have been recommending Narayana Hrudayalaya. What is the tone and tonality at the retail level in the last couple of days? I mean, is leverage coming down? Is participation coming down? The two important short-term indicators are mood and momentum. The momentum is waning and the mood has become sour. Pankaj Pandey: The mood keeps on changing depending on how things pan out. So, post Haryana Assembly election results, the mood definitely changed and now we have upcoming US elections and elections in Maharashtra. So, anxiety levels are higher. Our sense is that moods can change post the favourable outcome in some of these events.

Axis Bank, while Morgan Stanley has downgraded Manapurram Finance to equal-weight. Jefferies has maintained a hold call on Havells and Macquarie has an outperform rating on Wipro.

Chief Justice of India DY Chandrachud has recommended the appointment of his successor justice Sanjiv Khanna, top court's senior-most judge after the CJI, to the Centre. CJI Chandrachud, who took charge on November 9, 2022, is set to demit office on November 10.

Guwahati: The dilemma of cut of date continued to linger in Assam for several decades, while the Supreme court on Thursday upheld validity of Section 6A of Citizenship Act which conferred citizenship benefits to persons from Bangladesh who settled in Assam and had entered India between January 1966 and March 25, 1971, there are documents and recommendations which stipulates 1951 as the cut of date for identification of foreigners. The All Assam Students Union (AASU), which spearheaded a six-year-long agitation against illegal immigrants in Assam in 1979-85, welcomed the Supreme Court judgment upholding the validity of Section 6A of Citizenship Act. AASU's chief adviser Samujjal Bhattacharjya said with its order on Section 6A of Citizenship Act 1955, the Supreme Court has given its stamp of approval to the Assam Accord under which all those who had entered Assam illegally must be detected and deported from the country. «We wholeheartedly welcome the Supreme Court verdict. It is a historic verdict. It has established that the Assam agitation was undertaken with genuine reasons and all provisions of the Assam Accord are now legally validated by the apex court.”

Wipro announced on Thursday the issue of bonus shares to its eligible shareholders in the ratio of 1:1 along with its result for the second quarter ended September 2024. “The Board of Directors («Board») of Wipro Limited («Company»), have at their meeting held over October 16-17, 2024, considered and approved the following: Recommended to the shareholders for their approval, through postal ballot, issue of bonus equity shares in the proportion of 1 :1, i.e., 1 (One) bonus equity share of~ 2/- each for every

Ircon International shares are in focus after the company signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. This agreement aims to foster collaboration between the two companies in exploring, identifying, and jointly executing mutually beneficial business opportunities in various infrastructure projects, both in India and overseas. The stock is also drawing attention due to the recent shareholding changes in the September quarter. Mutual funds reduced their stake in the railway infrastructure company, with holdings dropping to 0.31% as of September 30, down from 1.67% at the end of the June quarter. Notably, Quant Active Fund exited its position in Ircon during this period, after holding a 1.15% stake in the company as of June.