Rights Financial News

BSE Sensex fell 0.81 percent to 70,918.07, and the NSE Nifty 50 lost 0.91 percent to 21,374.95. "A nosedive correction in banking stocks, along with concerns over delays in US FED rate cuts, impacted market sentiments. The addition of discouraging Chinese growth data and rising US bond yields also resulted in widespread profit-booking.

Contramoney–The art of gambling: Will Perma Bulls get lucky again this year?. Today, let’s address this question in the context of the current situation. And perhaps draw up some principles on how one can make such decisions in the future.

hit a new high, small and midcaps are believed to be overpriced, leaving investors wary to invest more in equity. Given all this, where should investors invest their money in 2024? We asked a few experts where should one invest if they have ₹5 lakh and they believe a large majority of this sum should be allocated to large-cap mutual funds, while the remainder in debt securities.

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says the first big difference is we are optimistic that the private sector capex story revs into high gear. Private sector capex really has not done much in India since FY19. All the heavy lifting has been done by government capex, which has roughly tripled by our estimates since FY19. Private sector capex plays are very different from public sector capex plays and therefore in our portfolio, we have names such as RSI, RHI Magnesita, which is a play on the steel demand in India continuing to run up and all the steel plants in India needing more capacity to be installed. Similarly, Grindwell Norton is a play on private sector capex as an abrasive provider. The public sector capex beneficiaries would be cement, EPC companies. What about some of the compounders in the portfolio, the likes of Trent as well, fifth Tata Group company to top the Rs 1 lakh crore market cap? How do you see that as a performer along with Astral? Saurabh Mukherjea: In retail, what has happened in Indian apparel retailing is very interesting. It has become a very demanding market because of the rise of online and how online and social media have shaped the tastes of the Indian consumers. If you are a run-of-the-mill apparel retailer in India, not on the cutting edge of fashion, you do not have sharp pricing, I think you are finding life very difficult and we will see that in the Q3 results.

Meta Platforms' former chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday. «Meta business is strong and well-positioned for the future, so this feels like the right time to step away,» Sandberg said in the post, adding that she will serve as an adviser to the company.

Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a U.S. operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of the more than three-month-old war between Israel and Palestinian Hamas militants in Gaza.

Iran's strikes on the bases of a terrorist group in Pakistan, China has called on both sides to exercise restraint and avoid actions that escalate tensions. While addressing a regular press briefing on Wednesday, Chinese Foreign Ministry spokesperson Mao Ning said that China believes that the ties between the two nations should be handled based on basic norms governing international ties underpinned by the principles of the United Nations Charter.

Chambal Fertilisers & Chemicals: The company has declared buyback of shares worth ₹700 crore. The record date to ascertain the eligibility of shareholders for the share buyback has been fixed on January 18. In a stock exchange filing, Chambal Fertilisers & Chemicals said: “….the Board of Directors of the Company approved the buyback of up to 1,55,55,555 fully paid-up equity shares of the Company of face value of Rs.

JPMorgan CEO Jamie Dimon had some choice words about investing in Bitcoin during his latest media appearance this morning.

There’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookfield Asset Management Ltd. chair Mark Carney.

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy

National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise them about accounting standards and their role, a first-of-its kind regulatory outreach to curb corporate frauds, people aware of the watchdog's thinking told ET. The audit regulator is firming up a mechanism to hold regular huddles with the audit committees, said one of the persons, who did not wish to be identified. These committees comprise mainly independent directors and oversee the statutory audit compliances of companies.

Constellation Research founder R 'Ray' Wang reveals his top A.I. stocks on 'Varney & Co.'

By David Lawder

Charles Schwab Corp.’s shares tumbled after the brokerage reported declines in profit, new assets and deposits as it navigated a tumultuous year of interest rate hikes that dented the firm’s balance sheet.  

(Reuters) — Digital World Acquisition, the blank-check firm set to merge with former U.S. President Donald Trump's media company, said in a filing it could raise up to $50 million by issuing convertible notes or warrants.

trade unions and farmers bodies has given a call for a nationwide general strike and Grameen Bandh (rural close down) on February 16, to protest 'against the anti-worker, anti-farmer and anti-national policies' of the central government. The forum is pressing for their demands which include higher minimum (crop MSP) support price, minimum wage of Rs 26,000 per month for workers, repeal of four labour codes, repeal amendments made to IPC/CrPC, guaranteed employment as fundamental right etc.

FTSE Russell will remove the partly paid rights shares of Grasim Industries from four of its major indices with effect from January 23, following the commencement of trading in its rights entitlement. On January 4, Grasim Industries announced raising Rs 4,000 crore through the rights issue of shares. Following the announcement, FTSE Russell temporarily added the partly paid rights line in its major indices from January 10.

World Economic Forum. ALSO READ: PM Modi says India-US ties 'mature and stable' amid Khalistani separatist's murder plot claims Blinken said the policies and programmes of Prime Minister Narendra Modi have been very beneficial to the people of India. According to PTI, the US official was replying to a question on whether the rise of Hindu nationalism concerns India despite the country's robust economic growth and infrastructure building under the Modi regime.

It’s hard to think of a worse environmental scandal in recent years than Volkswagen’s 2015 diesel-emissions cheating. The German automaker was rightly pursued by regulators, enforcement agencies and class-action lawyers. The scandal ended up costing Volkswagen an estimated $33 billion in fines and financial settlements—and revealed that diesel-emissions cheating was endemic.

'Ek thi Congress': AAP's Bhagwant Mann narrates 'shortest story' in Delhi, Punjab AAP candidate Kuldeep Kumar Tita will contest the polls for the mayor's post while Congress nominees Gurpreet Singh Gabi and Nirmala Devi will fight for the posts of senior deputy mayor and deputy mayor respectively. But with Bhagwant Mann exuding confidence of winning all Lok Sabha seats, the seat-sharing talks with Congress are likely to hit brakes yet again.