Rights Financial News

Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says top-line growth is slowing; we already have peak profit margins and drivers of profit margins are absent which can expand profit margins from here and then you question that if earnings growth is going to be 12% to 14%, why would you pay 23 times or in midcap 28 to 40 times earnings multiples? Those expectations will have to be recalibrated and possibly the markets will do that over the next 12 to 24 months.” What is your market outlook in terms of equity markets in India? The smallcap and midcap indices were getting a bit frothy and the overall clamour was that it is safer to be in largecap stocks. Is that what you are changing your product portfolios to be in terms of what you are recommending to your clients? Sahil Kapoor: When you look at the broader universe, small and midcaps appear slightly more expensive compared to largecaps on a relative basis.

NEW DELHI : Vodafone Idea expects its ₹18,000-crore follow-on public offer to have maximum subscription with the share of anchor investors being fully subscribed, even as India’s No. 3 telecom carrier began its roadshow for individual investors. “We’ve had an extensive roadshow with all international and domestic institutional investors.

majority of shareholders of edtech firm Think and Learn, owner of Byju's brand, have approved the company's resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday. The EGM held on March 29 was opposed by a group of investors in the company. «The Extraordinary General Meeting (EGM) held on March 29, 2024, has been approved by a majority of 55 per cent of the total votes polled. The voting process, which included both the EGM and a postal ballot that concluded on April 6, 2024, has been duly scrutinised by an independent third party,» the company said in a statement.

Shiv Sena (UBT) leader Sanjay Raut on Monday questioned the source of income of the charity organisation controlled by Maharashtra Chief Minister Eknath Shinde's son and MP Shrikant Shinde, saying the funds could have been misused for political gains. The Shiv Sena led by Shinde dismissed the allegations, saying the Foundation has undertaken numerous developmental works and provided financial assistance to the needy. Raut said he had written to Prime Minister Narendra Modi and state Home Minister Devendra Fadnavis about the foundation. «We will try to file a case through ED or CBI,» he added. He also claimed the information on the source of funds and expenses of the organisation sought under the RTI query was not disclosed by the Maharashtra Charity Commissioner's office, apparently due to political pressure.

₹7 lakh income, ₹50,000 standard deduction for salaried individuals and lower tax rates. “The government has structured the new scheme in a way that the tax outgo is either low or at par with the old scheme unless the taxpayer is claiming substantial tax deductions and exemptions," he said. For net incomes up to ₹7.5 lakh, the new tax regime is the straightaway choice as you get the tax rebate after claiming the ₹50,000 deduction.

Vi announced FPO worth Rs 18,000 crore, in addition to the recent Rs 2,000 crore preferential equity issuance to promoters.

investment portfolio. Asset allocation ensures diversification across assets and investments. Additionally, market fluctuations and the volatility of individual asset classes are common occurrences.

Supreme Court seeking review of its February 15 verdict, which had scrapped the Modi government's electoral bonds scheme of anonymous political funding. The review plea filed by advocate Mathews J. Nedumpara submitted that this Court entertained the petition (against the scheme) and struck down the law and the scheme without noticing that in doing so it is acting as an appellate authority over Parliament, substituting its wisdom on a matter which falls in the exclusive province of legislative and executive policy. «The court failed to notice that even assuming the issue is justiciable, the petitioners therein having not claimed any specific legal injury exclusive to them, their petition could not have been decided as if a private litigation for the enforcement of rights which are specific and exclusive to them,» Nedumpara submitted in his plea. He said the Court failed to notice that the public opinion could be sharply divided and the majority of the people of this country could probably be in support of the scheme, brought into existence by their elected representatives and that they too have a right to be heard, as much as the PIL/writ petitioners.

K Krithivasan, CEO & MD and NG Subramaniam, COO, TCS, in conversation with ET Now. Krithivasan says: “This quarter we started talking about both AI plus generative AI pipeline, it is about 900 million for us. The revenue numbers, once it becomes material, we would start declaring that number also. But that revenue would be not only directly what you do using generative AI. So much work needs to happen in terms of getting the data ready, in terms of cloud migration as is required. Generative AI is going to have a long tail of other kinds of related work that needs to happen. Subramaniam says: “I would agree, except that one more thing I will add is that we are growth, efficiency, innovation or AI innovation, all happening at the same place, at the same time, and in a way that we are running a marathon and a sprint at the same time.” Is growth back? K Krithivasan: We have been looking at our TCV for the last four quarters. We have been reporting very impressive TCV and we believe that with this TCV, growth has to come back. But we do not know whether it will come in Q1 or Q2. I do not want to make that call. But overall, we believe FY25 would be a better year than FY24.

recycled." A «sustainable» airline ticket. More and more, big brands are using taglines like these to cater to their green-minded customers. And more and more, they are under fire from courts and regulators for making climate promises they can't keep. Researchers at the Grantham Research Institute on Climate Change and the Environment last year identified «an explosion of 'climate-washing' cases,» using existing national laws and regulations. Between 2020 and 2022, the most recent year for which statistics are available, the number of cases challenging the «truthfulness of corporate climate commitments» more than doubled, their tally found.

Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.” Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”

Election Commission of India (ECI) Order, granting a paid holiday to employees on the day of polling in the NCT of Delhi under Section 135B of the RP Act 1951. The polling day in the NCT of Delhi is scheduled for May 25. As per the order, all eligible employees, be they public or private, who are voters in the NCT of Delhi are entitled to a paid holiday to exercise their democratic right to vote on the polling day. Besides, it is to state that voters of neighbouring cities Uttar Pradesh, Haryana and Rajasthan working in Delhi will also be given a paid holiday on the day of voting and vice versa for voters of Delhi working in neighbouring cities as per their polling dates, the office of the Chief Electoral Officer informed through a press release.

Iranian drone and missile attack. In an official statement, Gantz said, “We will build a regional coalition and exact the price from Iran in the fashion and timing that is right for us." Iran on Saturday launched over 300 missiles at Israel in revenge on its embassy in Syria which claimed the lives of its officials including a senior commander of the Iranian Revolutionary Guard Corps' overseas Quds Force. However, Israel claimed that it intercepted ‘nearly all’ missiles launched by Iran.

We were talking about how things have changed for the better, with many middle-aged people making independent choices about their lives, time, money and interests. The conversation shifted to social media posts that show middle-aged people learning music and dance, art and sport, and about how they travel and tour, feeling free to pursue their old and new interests. As is my wont, I see all of this as some measure of easing up with money. It takes a sense of security about money to let go of fears, apprehensions and worries about the future, and focus more on the present. There has to be a shift from scarcity mindset to generosity mindset to be willing to spend, to be positive about new things and focus on oneself without guilt. There is enough for everyone; everything is plentiful now and shall be in the future; and there is no need to suffer and be a martyr. That feeling is liberating.

Rights issues 2024: Shares of Sakuma Exports Ltd will be in focus when the stock market opens on April 15 (Monday). The Board of Directors of Sakuma Exports has declared rights issue of equity shares for the eligible shareholders.

Mumbai: Disney Star has rationalised ad rates for the ICC Men's T20 World Cup 2024, compared to the previous edition held in 2022. The tournament is slated for June 1-29 in the United States and West Indies. On TV, the broadcaster is seeking ad rates of over Rs 6.2 lakh per 10-second spot from sponsors and Rs 6.4 lakh per 10-second spot from spot buyers. For just India and playoff matches, the 10-second rate goes up to Rs 35 lakh and Rs 18 lakh on mobile and CTV, respectively. Disney Star owns both TV and digital rights for ICC events in India.

AI fashion modeling is on the rise but its use has complicated implications for diversity

Bharti had said, “If the people of this country give the INDIA bloc a chance (to form the government), then from PM Modi to BJP leaders, all will be behind the bars..." She later clarified that her statement meant “the corrupt will go to jail." Reacting to her statement, Rajnath Singh said in Banka on Sunday, “Kisne maa ka dudh piya hai ki Modiji ko jail me dalega [who has the nerve to put PM Modi in jail]?...Those who are either in jail or on bail, they will arrest [PM Modi]?". ALSO READ: Lok Sabha 2024: Lalu Prasad Yadav's daughters Rohini Acharya and Misa Bharti likely to contest polls. Details here The Defence Minister called RJD supremo Lalu Prasad Yadav his "friend".

Here's what the BJP promises to "fishermen families" in its manifesto: Extending PM Matsya Sampada Yojana: The BJP will extend the PM Matsya Sampada Yojana to increase fish production and increase our annual seafood exports. Insurance for Fisheries: The BJP will strengthen and expand the insurance coverage available under PM Matsya Sampada Yojana through more technological interventions to ensure speedy and more accurate assessment, faster payouts and quicker grievance resolution.

Hamas, which has been locked in a war with Israel in Gaza for more than six months, defended Iran's attack on Israel that began on Saturday. «We in Hamas regard the military operation conducted by the Islamic Republic of Iran a natural right and a deserved response on the crime of targeting the Iranian consulate in Damascus and the assassination of several leaders of the Revolutionary Guards,» said Hamas in a statement. Tehran's attacks late on Saturday, launched after a suspected Israeli airstrike on its embassy compound in Damascus on April 1 that killed officers of the elite Islamic Revolutionary Guard Corps, raised the threat of a wider regional conflict.

A post-mortem examination of a whale that washed ashore on New Jersey’s Long Beach Island shows the animal sustained numerous blunt force injuries including a fractured skull and vertebrae