Reports Financial News

Almora district, a senior official said. The bus was going from Garhwal to Kumaon when the accident took place at Marchula in Almora, District Magistrate Alok Kumar Pandey said. So far seven deaths have been reported, he said. The casualties may go up as there were around 40 passengers in the bus when it fell into a 200-metre deep gorge, Pandey said.

Subscribe to enjoy similar stories. Bank Nifty’s struggle to keep up with broader market gains has left many investors resigned, adopting a fatalistic Que sera, sera (whatever will be, will be) approach to equities. Nowhere is this sentiment more palpable than with HDFC Bank, Bank Nifty’s largest constituent, which has delivered a mere 2% return year-to-date—a figure that has frustrated the shareholders of the country’s largest private lender.

Subscribe to enjoy similar stories. Before Larsen & Toubro Ltd’s (L&T) September quarter (Q2FY25) earnings were out on Wednesday, its shares had fallen by 7% over the previous month. Weak government spending in the first half of FY25 due to the general elections and global geopolitical tensions were anticipated to mar L&T’s order inflows last quarter.

Stocks continued with last year’s chosen six. The 2023 basket of fund managers’ favourites clocked 31.5% versus 30.8% gain in the BSE 500 index. Sharp gains in Muthoot Finance, Coromandel International and ICICI Lombard contributed to the overall outperformance. After 10 editions of the Most Wanted Stocks, we can proudly say that seven out of 10 portfolios have beaten the index. The most outsized gains have come from our 2022, 2019 and 2018 portfolios. The 2015 and 2016 baskets also fared well, while excess return in the 2014 portfolio— first edition of the Most Wanted Stocks—was modest. As is typical in investing, returns from most baskets have been powered by outsized return from 2-3 positions. The year 2019 is the only exception, where all bets have delivered a healthy return. The 2020 portfolio also fetched healthy return with all bets in the green but still lagged the broader index. The portfolios of 2017 and 2021 have let us down badly, running into losses. While the 2017 basket was crippled by two NBFC bets, the 2021 basket was tainted after seeing red in four out of seven bets.

Mumbai: As Bitcoin surged toward $70,000 and Wall Street went long on Donald Trump, Indian crypto exchanges tapped offshore bourses for crypto futures trade which is catching on, while many HNIs reportedly made misleading declarations to banks to show their foreign crypto holdings as ‘security’ investments. Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.

Subscribe to enjoy similar stories. India’s flexible space providers have reported a multifold surge in revenue since the pandemic as corporates joined startups and professionals in seeking alternative workspaces closer to employees instead of setting up large, traditional offices. Awfis Space Solutions, a publicly listed co-working space provider, saw its revenue from operations jump nearly fourfold from ₹178 crore in FY21 to nearly ₹849 crore in FY24, according to the company's IPO filings and annual report.

“Venom: The Last Dance” is enjoying another weekend at the top of the box office charts

BEIJING — The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said.

Peel Regional Police say they are aware of a protest that occurred at a Hindu temple in Brampton, Ont., on Sunday.

Early in-person voting, which ended Saturday, has become increasingly popular in the presidential battleground state over several election cycles. People can simultaneously register to vote and cast ballots at early voting sites, AP reported. Four years ago, a record 3.63 million people voted at hundreds of sites in all 100 counties during the early-voting period. This year, the state exceeded that total by Thursday, days before the period ended, the board said.

will to ensure 'unlimited' care for his pet dog Tito is likely to trigger a 'pawsome' trend — more and more pet parents making provisions for their furry companions on their posthumous wish lists. While queries on these lines have been coming in for a while now, the trend is still at a nascent stage in India. Tata's move, say lawyers, will generate much more awareness about the issue, prompting more people to follow suit. Pets are not recognised as people capable of holding property or inheriting the estate of another person — they are deemed to be personal property. Therefore, while many Indians see their pets as their children, Indian law still doesn't. Hence, the law doesn't allow for either leaving anything to pets as a bequest; or creating a trust with a pet as a beneficiary.

Liquor sales in some states got a festive spark in October, with bottles flying off the shelves amid Durga Puja and the run-up to Diwali, shaking off the blues of a muted July-September. Companies expect the spirited recovery not to be limited to the festive season, but continue for the rest of this quarter, with the wedding season setting in and Christmas-New Year holidays ahead. “We see demand picking up due to warmer-than-usual weather,” said Ankur Jain, chief executive and founder of B9 Beverages, maker of Bira beer. “Specifically, premium beer has made inroads into gifting. We expect festive season momentum will continue into November and December.”

Key Square Group founder Scott Bessent and chief economist at the America First Policy Institute Michael Faulkender discuss former President Trump's agenda on 'Kudlow.'

Reserve Bank of India (RBI) seeking integration with its Centralised Information Management System (CIMS) platform, aiming for real-time verification of limit utilisation under the Liberal Remittance Scheme (LRS), said people familiar with the development. Under the LRS, Indian citizens are allowed to remit up to $250,000 per financial year for various permissible transactions. The move can also fast-track the inclusion of international credit card spending under LRS regulations, according to the people.

Kamala Harris's political manifesto, but the catchily titled "Progress 2028" is actually a fake document that a funding watchdog says was produced by a dark money group with ties to Donald Trump's billionaire backer Elon Musk. Researchers say Progress 2028 — purportedly a liberal counter to the conservative initiative Project 2025 — is riddled with misinformation and is behind a series of Facebook ads that distort the Democratic contender's policy positions about key issues such as immigration and gun control. Backing it is a group called Building America's Future, a conservative dark money network which has reportedly received funding from Musk, the world's richest man and a vigorous campaigner for Republican Trump's re-election bid.

Gautam Gambhir under immense pressure barely three months into his appointment as the head coach of the Indian team. He was appointed to the top post amid much fanfare and was also given a rare seat at the selection committee meeting for the tour of Australia. However, his initial report card clearly suggests things aren't looking good for the former India opener. Unless there is a remarkable turnaround Down Under, Gambhir, who was given a free hand in selection matters, may not have as much say in issues concerning the team in the coming times. Right after Gambhir took over the reins, India lost an ODI series to Sri Lanka for the first time in 27 years, and then New Zealand completed a 3-0 whitewash of his side in Tests at home on Sunday, something the team never experienced in its long cricketing journey.

US election 2024 polls to choose between Democratic Vice President Kamala Harris and Republican former President Donald Trump as the country's next president. However, strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection period for payrolls, making it hard to get a clear picture of the labor market ahead of next week's presidential election, Reuters reported. «This is not the clarifying report on the economy that Americans and markets needed before next week's election to answer whether voters are better off than they were four years ago,» Christopher Rupkey, chief economist at FWDBONDS.

Subscribe to enjoy similar stories. As whiskey ages, a small amount evaporates, a loss that has long been poetically called the “angels’ share." But in the resort town of York, Maine, residents see the vapor as far from romantic. At a town meeting last year, Beth Downs held up photos from Tennessee and Kentucky, showing stop signs and trees covered in an ugly black mold called whiskey fungus.

Donald Trump had spent the past several years deriding early and absentee voting. However, Elon Musk's political team, which was advising the Tesla CEO on his nascent pro-Trump super PAC, informed him that Republicans could win Georgia, North Carolina and Pennsylvania only if they delivered on those kinds of votes, as per a report. Musk was aghast — and so he reached out to Trump, then the presumptive Republican nominee. You've got to stop telling people not to vote early, Musk texted, according to two people to whom Musk told this story. He was unsure his message was received, NYT News Service reported. But later that evening, Trump posted on Truth Social, «ABSENTEE VOTING, EARLY VOTING, AND ELECTION DAY VOTING ARE ALL GOOD OPTIONS.»

science enthusiasts recently released a video that showcases capabilities of Rock, Paper, Scissors Robot worth ₹8.4 lakh. The description states, CrunchLabs “releases a monthly toy that gets delivered to your house that teaches you to think like an engineer."He pointed out that there is a trick to win the game, which enables one to register victory almost 75 percent times, as per a report.

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year