Recommendations Financial News
19.07 / 04:02
COST
UPS
Citi
Target
trends
recommendations
Hot stocks: Brokerage view on Infosys, Dalmia Bharat, Havells and ONGC
Infosys. UBS has issued a sell call on Dalmia Bharat. Jefferies maintained a hold call on Havells while increasing its target price. Additionally, Citi has issued a buy call on ONGC with an increased target price. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
19.07 / 03:49
markets
Opinion
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Last chance to buy! Exide Industries among 12 stocks to trade ex-dividend on Monday
Happy Forgings and Exide Industries, among other companies, have declared dividends for their eligible shareholders, with the record date set as July 22. This means that today is the last day to buy the shares of these companies' shares to qualify for the dividends announced.
18.07 / 18:11
Provident
Progressive
Action
Cycling
track
recommendations
Features
8 Best Recumbent Bikes in India: Effective Home Workout Solution for all Ages (2024)
These bikes offer a low-impact cardiovascular workout, targeting major muscle groups like the legs, glutes, and core, while minimizing the risk of injury. Equipped with adjustable resistance levels, advanced LCD monitors, and comfortable seating, recumbent bikes cater to users of all fitness levels, from beginners to advanced athletes. Explore this curated selection of the best recumbent bikes to find the perfect fit for your home workout needs, ensuring a safe, effective, and enjoyable exercise experience.
18.07 / 15:48
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Anurag Thakur, Gaurav Gogoi among others nominated for Parliament's business advisory committee
Lok Sabha speaker Om Birla on Thursday nominated 14 members including Sudip Bandhyopadhyay, Gaurav Gogoi, Dayanidhi Maran, PP Chaudhary, and Anurag Thakur for the Parliament's business advisory committee. The committee, which is effective from July 18, will be chaired by Birla himself. The next session of the Parliament is set to commence on July 22, and the budget will be presented on July 23 by the Finance Minister, Nirmala Sitharaman.
18.07 / 09:53
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Priority sector lending, easy customs, higher consignment limit to $50,000 to push ecomm exports: EY-Assocham report
e-commerce exports in India’s free trade agreements. To achieve $200-300 billion in e-commerce exports by 2030, the two organisations, in a report on Thursday, proposed cheaper financing through priority sector lending for such outbound shipments and increasing the consignment limit via courier route to $50,000 from $12,000 now. The report titled ‘Enabling e-commerce exports from India’ has recommendations on easing customs procedures, enabling robust reconciliations and payment settlement mechanisms and various policy interventions to push e-commerce exports which are estimated at $4-5 billion in FY23 accounting for 0.9-1.1% of India’s total merchandise exports. The report compares best practices followed in China where the consignment limit for e-commerce exports is $50,000, cross-border e-commerce pilot zones established to expedite customs clearances through a ‘green channel’, simplified export procedures like release-from-manifest and consolidated declaration, and preferential policies, warehouse facilities, and benefits including lower income tax in these zones.
18.07 / 07:33
markets
Election
country
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India plans to ease rice export curbs as stocks surge to record, sources say
India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record high. The world's biggest rice exporter imposed various curbs on exports in 2023 and continued them in 2024 in an effort to keep local prices in check ahead of the general elections held in April-May. New Delhi is expected to lower the basmati rice's minimum export price (MEP) to $800-$850 a metric ton, down from $950 a ton, to boost shipments, said the sources, who didn't wish to be identified as they are not authorised to talk to media.
18.07 / 06:15
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SC attains full strength as 2 judges take oath; top court gets first judge from Manipur
New Delhi: Chief Justice of Jammu and Kashmir High Court, Justice N Kotiswar Singh on Thursday took oath of office and became the first judge to have been elevated to the Supreme Court from Manipur. Acting Chief Justice of Madras High Court R Mahadevan was also sworn in as judge of the apex court. Chief Justice of India D Y Chandrachud administered the oath of office to both judges at a function in the apex court premises here. With the swearing-in, the top court has attained its full strength of 34 judges, including the Chief Justice of India. The Supreme Court will function with 34 judges until Justice Hima Kohli retires on September 1, 2024, followed by CJI Chandrachud, who superannuates on November 10 this year.
18.07 / 05:14
Provident
Strategy
Experts
performer
country
recommendations
This defence MF gave over 100% return in a year. Worth a look ahead of Budget?
HDFC Defence Fund, the only active fund based on the defence sector, has offered more than 100% return in the last one year. The scheme gave 128.52% return in the said period. The scheme has offered around 60.16% return in 2024 so far and around 55.25% return in the last six months. What is helping defence sector based mutual funds deliver this stellar performance?
18.07 / 05:11
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International
Indian Navy Warship INS Teg leads search, rescue mission off Oman coast
Indian Navy warship INS Teg is actively engaged in a search and rescue operation off the coast of Oman after an oil tanker capsized on July 15. As of now, the mission has successfully rescued eight Indian nationals and one Sri Lankan from the stricken vessel. The Indian Navy continues to search for additional crew members who remain missing. The operation was launched immediately after the tanker capsized, with INS Teg deploying advanced equipment and personnel to locate and assist the remaining crew. The Navy has coordinated with local Omauthorities and international maritime agencies to enhance the search efforts.
18.07 / 04:13
UPS
Strategy
Sustainability
Opinion
Trade
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F&O Radar | Deploy Bull Call Spread in Nifty to benefit from bullish stance
Nifty index hit a fresh high of 24,661 on Tuesday after giving a range breakout on a daily frame. It has formed a small-bodied Bullish candle in the same time frame and follow-up buying seems to be intact with sustained buying. “It (Nifty) continues escalating upwards steadily within a smaller intraday range and any minor dips are getting absorbed quickly by the bulls,” said Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking & Distribution, Motilal Oswal.
17.07 / 22:42
COST
Provident
Apple
wellness
recommendations
Features
rights
Tight budget? Edmunds highlights the least expensive cars and SUVs for 2024
If new car prices look daunting, don’t worry, there are plenty of affordable models to choose from that won’t break the bank
17.07 / 14:20
UPS
DNA
Death
Research
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prevention
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How much alcohol can you drink a week and still be healthy?
How much drinking is bad for you? Though more people are calling themselves sober-curious or are trying zero-proof replacements for alcohol, drinking is a regular part of social life for most of us. A coupe of champagne can add fun to a celebration. A cocktail can take the edge off a tough day.
17.07 / 11:03
Action
Porsche
Justice
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Department
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Porsche crash: Panel recommends action against JJB members for 'procedural lapses' in bail to minor
Juvenile Justice Board (JJB) members in connection with the bail given to the minor accused in the Pune Porsche crash case has recommended disciplinary action against them for «procedural lapses», an official said on Wednesday. On May 19, two IT professionals were killed in Kalyani Nagar area here after their motorcycle was hit by a speeding Porsche car allegedly driven by the minor in an inebriated condition.
17.07 / 08:23
MET
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Karnataka Reservation: Mohandas Pai calls it discriminatory & regressive, Kiran Mazumdar-Shaw says 'we need skilled talent'
Karnataka have voiced objections against the Karnataka reservation proposals, calling the move «discriminatory» and expressing concerns about potential repercussions for the tech industry. In a significant move, the Karnataka cabinet has greenlit the draft State Employment of Local Candidates in Industries Factories and Other Establishments Bill, drawing swift and sharp criticism from notable figures. The bill, aimed at prioritizing local employment, has raised concerns about its potential impact on investment and the tech sector in the state. Prominent voices like Kiran Mazumdar-Shaw and TV Mohandas Pai have openly criticized the state government's decision. Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Ltd, voiced her concerns, stating, «As a tech hub, we need skilled talent. While the intention is to boost local employment, we must ensure it doesn't jeopardize Karnataka's leadership in technology. There should be provisions exempting highly skilled roles from this policy.» TV Mohandas Pai, former CFO of Infosys, condemned the bill, labeling it as «discriminatory» and «regressive.» He asserted, «This bill must be scrapped. It's akin to fascism. How can the government dictate private sector hiring practices? This move is reminiscent of Orwell's Animal Farm. It's unbelievable that @INCIndia supports such a bill.»
17.07 / 07:17
COST
hospital
recommendations
patient
infection
Courts
Court asks surgeon to pay Rs 12 lakh compensation to patient for botched Hernia surgery in Tamil Nadu
Rasipuram has been ordered by the Namakkal district consumer disputes redressal commission (NCDRC) to compensate a patient with Rs 12 lakh within four weeks for a botched hernia surgery. This ruling was made on Tuesday regarding a case filed by M Raja, a 52-year-old resident of Rasipuram, detailing the negligence he faced during a surgery conducted in August 2021 by Dr. Ramesh at a private hospital in Rasipuram. In August 2021, M Raja consulted Dr. Ramesh at a private hospital after being diagnosed with a hernia. Dr. Ramesh recommended immediate surgery, which was estimated to cost Rs 60,000. However, complications arose during the surgery due to a shortage of carbon dioxide gas necessary for the procedure, causing it to be halted midway. When the required gas was acquired, the surgery resumed, but complications persisted as Raja regained consciousness due to the waning effect of anesthesia during the delay. «I felt great pain during the surgery but the nurses pinned me down to complete the surgery even though I asked them to stop,» Raja recounted.
16.07 / 15:50
markets
FIVE
Platform
Discover
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TILLIT adds five funds to 'best-in-class' platform
Sheridan Admans, head of fund selection at TILLIT, said several of the funds have a bias towards value and deep value investing, and noted the additions were «aimed at diversifying and extending the breadth of opportunities for investors to discover on the TILLIT platform». «We have added funds with a focus on emerging and next generation of emerging markets, a spicier bond market fund and a wealth preservation-focused fund,» Admans said. TILLIT removes five funds from recommended list following manager exits ARGA Emerging Market Equity invests solely in emerging markets, and is ru...
16.07 / 13:57
UPS
Nov
Bill
Universities
reports
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Karnataka CM Siddaramaiah announces major pay revision for govt employees, wage bill to go up by Rs 20,208 cr per annum
Karnataka Chief Minister Siddaramaiah on Tuesday announced a major raise in the pay of government employees with retrospective effect from July 1, 2022, after unions threatened to go on an indefinite strike. The revision will increase the basic salary and pension of employees by 58.50%, the chief minister said in a statement in the assembly. The hike in pay and pensions would mean an additional expenditure of Rs 20,208 crore per annum to the cash-strapped government which has been struggling to meet demands from both government and MLAs who have been lobbying hard for funds for their constituencies. The government has set aside the funds in the budget for 2024-25 to meet the revised pay and pension, the CM said. The revision is in line with the recommendations of the seventh pay commission, headed by former chief secretary K Sudhakar Rao. The commission, set up on Nov 19,2022, to address the demands for revision of pay, allowance, and pension of government employees, submitted its report on March 24, 2024.
16.07 / 13:52
Parke
BABA
Diversity
travelers
recommendations
Traffic
Mumbai traffic advisory: Road closures for Muharram; Check alternate routes here
Mumbai Traffic Police has issued an advisory ahead of the Muharram procession scheduled for Tuesday, urging residents to follow the suggested routes and diversions to avoid congestion. The advisory outlines specific road closures and alternative routes as a significant number of participants are expected.
16.07 / 11:08
markets
UPS
Provident
Strategy
Analysis
Research
recommendations
Amundi Investment Institute names head of developed markets strategy
As part of his role, Stear will oversee the equity and fixed income developed markets strategists, who provide analysis, research and market recommendations to Amundi's clients. Amundi inks M&A deal to combine US arm with Victory Capital Prior to joining Amundi's investment arm, Stear headed up the Asia research team at Société Générale in Hong Kong for four years, between 2010 and 2014. He moved on to become global head of credit strategy at Société Générale in 2014, later being promoted to head of emerging markets and credit research in 2015. Most recently, he was head of fixe...
16.07 / 10:17
Provident
Target
Assurant
Election
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recommendations
Cong gave OBC quota to Muslims in Karnataka, BJP won't allow it in Haryana: Amit Shah
Amit Shah on Tuesday accused the Congress of being anti-backward classes and said if the party comes to power in Haryana, it will snatch the reservation for them and give it to Muslims. Addressing a 'Backward Classes Samman Sammelan' here, Shah referred to the Kaka Kalekar Commission formed in the 1950s to provide reservation to Other Backward Classes (OBCs) and said the Congress did not implement its recommendations for years. «In 1980, (the then prime minister) Indira Gandhi put the Mandal Commission in cold storage. In 1990, when it was accepted, Rajiv Gandhi gave a two-and-a-half-hour speech and opposed OBC reservation,» the Union minister said. «In Karnataka, the Congress snatched reservation for backward classes and gave it to Muslims. The same will happen here if they come (to power) here,» Shah said.
16.07 / 10:14
UPS
Merit
Justice
information
recommendations
Courts
Ex-HC judge withdraws from inquiry panel set up to probe KCR in alleged power sector irregularities
Patna High Court L Narasimha Reddy on Tuesday withdrew from the one-man Commission of Inquiry set up by the Telangana government to look into the role of ex-chief minister K Chandrasekhar Rao in alleged irregularities in the power sector during his tenure. The top court, which was hearing the plea of the former Telangana chief minister alleging bias against the head of the inquiry panel, was informed by the counsel of Justice (retd) Reddy that he does not want to be part of the commission. A Supreme Court bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra took note of the submission and permitted the Congress-led state government to substitute Justice (retd) Reddy in the Commission of Inquiry.
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