Shock Financial News

“We expect much higher allocations from FIIs this year. India is in a sweet spot with clear visibility of growth and credible shock absorbers,” says Alok Agarwal, Head-Quant & Portfolio Manager, Alchemy Capital Management. In an interview with ETMarkets, Agarwal said: “We expect domestic defence capex to be a structural theme for the next few years at least. Railways in India have been age-old and requiring attention,” Edited excerpts: The market seems to have climbed all walls of worries to hit fresh highs in the first week of January 2024. But the voice is getting louder both domestic and global that these valuations are unsustainable. What do you take? Alok Agarwal: The Nifty50 is currently trading at a one-year forward P/E ratio of 21.9x – this is about 24% premium to the last 10-year average valuations, although about 5% below the peak seen in Oct’21.

The Jujutsu Kaisen manga is reaching its conclusion, focusing on the intense battle against the most formidable opponent. Higuruma's demise is intricately connected to a complex plan, and the manga is poised to unveil the details in the near future.

Sofía Vergara has shared her experiences of going through a divorce under public scrutiny. In July of the previous year, the 51-year-old «Griselda» actress announced her separation from 47-year-old Joe Manganiello after seven years of marriage. During an interview with CBS Sunday Morning, Vergara expressed her anticipation of continuous media attention following the public revelation of their separation.

Jawa Motorcycles, aiming to strengthen its position in the mid-capacity segment in India, has launched the updated Jawa 350 with a starting price of Rs 2.14 lakh, ex-showroom. This means that the roadster's sticker price has increased by Rs 12,000. The most significant change in this model is the larger 334 cc, single-cylinder, liquid-cooled engine, which produces 22.5 hp and 28.2 Nm of peak torque. This engine replaces the 294 cc unit found in the previous version. The updated engine is accompanied by a six-speed gearbox and features an assist and slipper clutch for improved performance and smoother gear shifts. It is worth noting that while the peak torque has slightly increased by 1 Nm, the peak power of 22.5 hp is 4.8 hp lower than the previous 294 cc motor.

Suchana Seth, the CEO of Bengaluru AI startup The Mindful AI Lab, accused of murdering her four-year-old child, appeared before Calangute police in Goa on Saturday as part of the ongoing investigation. Seth is accused of murdering her 4-year-old son in a service apartment in Candolim, north Goa, by allegedly smothering him to death before attempting to commit suicide by slashing her wrist. She then packed the child's corpse in a bag and attempted to flee back to Bengaluru but was arrested midway on January 8 in Chitradurga, Karnataka.

Hamas aired video on Sunday showing three Israeli hostages it is holding in Gaza urging their government to stop the offensive against the Palestinian Islamist group and bring about their release, as both sides marked the 100th day of the war. The 37-second video of Noa Argamani, 26, Yossi Sharabi, 53, and Itay Svirsky, 38, ended with the chyron: «Tomorrow we will inform you of their fate.»

Mint has seen a copy of KIL's affidavit. Kirloskar Industries is controlled by younger brothers Atul and Rahul Kirloskar, while Kirloskar Brothers Ltd is majority owned by Sanjay Kirloskar. Kirloskar Industries owns a 23.91% stake in Kirloskar Brothers, while Atul and Rahul Kirloskar own 0.59% and 0.51%, respectively.

RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. «The Indian economy has withstood all these shocks (Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past,» he told PTI in an interview.

Amit Malviya had remarked “it is a crime to be Hindu in West Bengal", after a video emerged on social media platforms showing a group of sadhus (ascetics) purportedly stripped and assaulted by a mob in the Purulia district. Amit Malviya lashed out at the ruling Trinamool Congress (TMC) government helmed by West Bengal chief minister Mamata Banerjee for the “absolutely shocking incident". "Absolutely shocking incident reported from Purulia in West Bengal.

Kaley Cuoco skillfully concealed her pregnancy with the assistance of a stunt double while working on the set of "Role Play". In this production, the actress once again immerses herself in the genre she enjoys, seamlessly oscillating between thriller and dark comedy. It's noteworthy that Cuoco managed to keep her pregnancy a secret throughout the filming process. Kaley informed her partner Tom, makeup artist, and stunt double.

I’m changing the way I do the monthly CPI analysis. Doing it live for an audience was always stressful, especially with the inevitable data issues from time to time.

Witnesses in Yemen confirmed explosions throughout the country. Brent crude futures were up $3.16, or 4.1%, at $80.57 a barrel at 1124 GMT, while U.S. West Texas Intermediate crude futures climbed $3.05, or 4.2%, to $75.07. Both benchmarks were on course for a second straight weekly rise. The U.S.

retail inflation surged 5.69 per cent in December on an annual basis as against 5.55 per cent in November, data released by the Ministry of Statistics & Programme Implementation showed on Friday. The number has remained within the Reserve Bank of India's (RBI) tolerance band of 2-6 per cent. In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent. «There has been broad based easing in core inflation, which is indicative of successful disinflation through monetary policy actions.

Investing.com-- Gold prices rose on Friday as an escalation in the Middle East crisis ramped up safe haven demand, which also helped the yellow metal gain despite stronger-than-expected U.S. inflation data.

Argentina's statistics agency says the country has registered a monthly inflation rate of 25.5% in December and closed 2023 with an annual inflation of 211.4%

Around this time a year ago, about 85% of economists and market analysts, including me, expected that the US and global economy would suffer a recession. Falling but still-sticky inflation suggested that monetary policy would grow tighter before rapidly easing once the recession hit; stock markets would fall, and bond yields would remain high. Instead, the opposite mostly happened.

Maharashtra assembly speaker Rahul Narwekar for recognising Chief Minister Eknath Shinde-led party as the «real» Shiv Sena, claiming the Constitution has been trampled upon by recognising a «gang of thieves». The people of the state will not forgive those behind this, an editorial in the Sena (UBT) mouthpiece 'Saamana' said while also targeting the ruling Bharatiya Janata Party. Addressing a news conference here, Sena (UBT) MP Sanjay Raut claimed Narwekar was entrusted with doing justice, but he acted as Shinde's lawyer.

Maharashtra Assembly Speaker Rahul Narwekar on Wednesday declared the Eknath Shinde faction as the real Shiv Sena, the chief minister took a swipe at the Uddhav Sena and its MVA partner Congress, saying that the ruling came as a 'shock' to «people who run political parties through dynasties». Speaking to reporters after the Speaker's ruling dealt a numbing blow to the Uddhav faction, which has been at loggerheads with the rival group led by Shinde, the CM said, «This is the victory of truth, of democracy. This is the victory of Shiv Sena workers and the people of Maharashtra.

On Tuesday night, Srinagar recorded a minimum temperature of minus 5 degrees Celsius, down from minus 2.4 degrees Celsius the previous night. Other areas, including Qazigund, Gulmarg, and Pahalgam, also experienced cold temperatures during the ongoing «Chilla-i-Kalan,» a harsh winter period characterized by a cold wave and freezing conditions.

Israel on October 7, which were shocking and deserve our unequivocal condemnation. India has a zero-tolerance approach to terrorism," Kamboj said.

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024