Show Financial News

Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

“For the first time in all my films, I have worked with one of the best Malayalam actors, our FaFa [Fahadh Faasil]. I actually miss seeing him today. I wish we were both here in Kerala—it would have been an iconic moment,” Allu Arjun said, adding, “FaFa has rocked the show in Pushpa 2, and he will make every Keralite proud across the world. My brother, thank you, and I wish you all the best.”

generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024. Based on insights from 1,600 leaders across 32 countries and 18 industries, including 70 CFOs and tax leaders of leading Indian corporates, the global survey highlighted key challenges in the tax and finance domain. It said, «94 per cent of CFOs and finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions — a remarkable increase from just 19 per cent in 2023, highlighting a growing recognition of GenAI's potential in the tax landscape.»

«There will not be a wide across the board earnings growth. There will be pockets which will show growth and which is where the market will look into,» says Rupen Rajguru, Head of Equity Investment & Strategy, Julius Baer. What is the market telling us in the sense that there has not been any incremental negative news flow as such, but it is not taking off? Do you think the interest in the overall markets is on the lower side or is it just time-wise consolidation that we will have to deal with? Rupen Rajguru: As you said what is the market looking for. So, while you said that there is no incremental negative, but at the same time there are no incremental positives. So, usually, we had this phenomenal bull run between 2020 and 2024 wherein the earnings compounded more than 20% plus for largecaps and 25% plus for midcaps and 30% plus for smallcaps.

India's global trade story has long been shaped by its relationships with two of its largest partners: the United States and China. While these relationships have grown significantly over the past decade, they show stark contrasts that often remain as lesser-known facts, at least like Crisil called it in an investr note. India’s trade with the U.S. and China reached $120 billion and $118 billion respectively in fiscal 2024, doubling over the last decade. However, the similarity ends here, Crisil said, as it notes hat India has a $35.3 billion trade surplus with the U.S., while it faces an $85.1 billion trade deficit with China.

Indianapolis Motor Speedway Museum. The lots are part of a three-part auction series selling 11 autos owned by the museum.

Subscribe to enjoy similar stories. Employees Provident Fund Organisation (EPFO) data shows that around 12-13 million formal jobs are added every year. This is good news.

Subscribe to enjoy similar stories. Charles talks too much.

Wendy Williams‘ health appears to be in steep decline, with her guardian claiming the former TV host is “permanently incapacitated” following her diagnosis of primary progressive aphasia and frontotemporal dementia.

midcap stocks have outperformed the Nifty at an index level over the past year, there are 10 stocks that have been market laggards and have dragged down the Nifty Midcap 100 index. Vodafone Idea's 40% fall is the most notable, followed by IDFC First Bank and Bandhan Bank. Here's what to do with them: Other stocks include Tata Elxsi, Indraprastha Gas (IGL), AU Small Finance Bank, APL Apollo Tubes, Delhivery, Astral, and SBI Cards and Payment Services, which have fallen between 5% and 19% in the last 12 months.

Bandhan Bank Ltd. traded 0.46 per cent at Rs 172.10 at 10:55AM (IST) on Thursday, even as BSE benchmark Sensex 655.83 points to 79578.25. The scrip had settled at Rs 171.30 in the previous session. The stock quoted a 52-week high price of Rs 263.15 and 52-week low of Rs 163.00, respectively. As per BSE data, total traded volume on the counter till 10:55AM (IST) stood at 134837 shares with a turnover of Rs 2.33 crore.

The ideal time to buy leading stocks — those with strong earnings, sales growth, and institutional sponsorship — is when they break out of a solid price base on heavy volume, with the market in a Confirmed Uptrend, says Anupam Singhi, CEO & Chief Investment Officer, O’Neil Capital Management India. «Since most stocks tend to follow the market's broader trend, buying during a market correction means fighting a negative tide. It is more prudent to wait for the market to confirm a rally, ensuring you buy when success probabilities are at their peak,» he says. Edited excerpts from a chat: How attractive does Nifty look after the recent correction? Are you cautious or bullish at this stage of the market? Rather than attempting to predict market narratives, we focus on responding to market trends and monitoring evolving conditions. At any given time, there are reasons to be either cautious or optimistic, but we rely on well-defined rules. At O’Neil, we follow a structured approach to identify market trends. Currently, the Nifty’s recent low of 23,263 is considered a correction low. A Rally Attempt will be identified if the Nifty closes in the green or in the upper half of the day’s range and holds above this low for three consecutive sessions.

Waaree Renewable Technologies shares will be in focus on Thursday after the company received a term sheet for the execution of engineering, procurement, and construction (EPC) of a ground mount solar PV project with a capacity of 2012.47 MWp DC. The total estimated value of the order is approximately Rs 1,233.5 crore (excluding taxes). This order involves the development and implementation of a large-scale renewable energy project. The timeline for project completion will be mutually decided between the parties involved.

In Silicon Valley, tech leaders are eagerly seeking positions or introductions to the department, even though for now it is not an actual part of government, but a loose grouping that Elon Musk named after an internet meme. On his social media platform, X, Musk posted a «Godfather»-style photo of himself as the «Dogefather,» asking government employees, «What did you get done this week?» And in Washington, a House subcommittee has been announced to help push through President-elect Donald Trump's vision, announced Nov. 12, for a department that would slash the $6.7 trillion federal budget.

bond yields slipped as traders took to the sidelines ahead of the US Thanksgiving holiday. Shares in Japan swung between gains and losses while those in Australia climbed alongside Hong Kong equity futures. Contracts for US stocks edged up after the S&P 500 fell 0.4% Wednesday, retreating from a record high in the prior session. The Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies.

Subscribe to enjoy similar stories. In October, banks added 0.79 million credit cards, compared with 1.69 million last October. HDFC Bank added the most (0.24 million), followed by State Bank of India, which issues credit cards through subsidiary SBI Card (0.22 million), and ICICI Bank (0.14 million).

Making Money Charles Payne discusses the return of animal spirits since Trump won the election.

Residents of Florida’s Gulf Coast endured two major hurricanes and a tropical storm in the span of nine weeks, and they are still feeling the economic shockwaves

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens

Netflix has released the trailer for Season 2 of its hit series Squid Game. The trailer previews new challenges as Player 456 returns to confront the deadly competition.