Stage Financial News

Sandip Sabharwal, asksandipsabharwal.com, says “the way the entire midcap index has moved, speculative stocks have moved more than the sort of established companies, etc so there is definitely froth. We need to be careful what we are buying. There are still opportunities in the midcap, smallcap segment where these companies might do well over the next two, three years.”Let us talk about sugar, the sweetest pocket in the market right now. Since you monitor the sector very closely, is it time to add positions further or would you say wait for a dip perhaps?Sugar has been one sector which has not performed despite a lot of things going well for them, both in terms of the weather disruptions in India and globally, which is going to cut this year's production growth. In some countries, we might actually see declines. We see global sugar prices at multi-year highs.

The Securities Appellate Tribunal has raised concerns about the credibility of Securities and Exchange Board of India (Sebi) regarding the time taken to complete investigations, particularly in relation to Zee promoter Punit Goenka’s case. “Your credibility to complete investigations within a stipulated period is not there," said the SAT bench led by Justice Tarun Agarwala. “There is no certainty that these eight months won’t be extended…Past record of Sebi is that they have always extended it.

NEW DELHI : The ministry of information and broadcasting is considering introducing a new bill to regulate broadcasting services, including over-the-top (OTT) apps and direct-to-home services, two people aware of the development said. The bill, currently in its initial stages, is likely to be taken up only after the general elections next year. It will focus on the regulation of OTT services that are engaged in broadcasting, while the one-to-one or direct messaging OTTs will be taken up for regulation in the Indian Telecommunications Bill.

₹6.96 trillion, up by around 24% on a year-on-year basis. Debt AIFs function like a fund, where an investor entrusts its savings to a portfolio manager, and the portfolio manager pools savings from various investors and uses that pooled corpus in lending investments on behalf of investors. So, investors in private credit funds get exposure to multiple fixed income investments for the same amount of investment and active portfolio management of those investments.

Two Army officers, cop killed in gunfight with terrorists in J&K's Anantnag Anti-Pakistan protests were witnessed in various areas of Jammu and Kashmir on Thursday as the encounter continued. Panun Kashmir and Eik Sanatam Bharat Dal (ESBD) led tributes to the officers and called for a robust operation against the terrorist network in the northern union territory. BJP youth activists also staged a massive demonstration under the leadership of Jammu and Kashmir unit president Arun Prabhat, lashing out at Pakistan for its role in encouraging terrorism.

Two major offshore wind power projects are taking steps forward in New Jersey

Polygon has been teasing its 2.0 era, awaiting approval on changing the MATIC token to POL. 

Jennifer Aniston and Reese Witherspoon, is loosely inspired by the Good Morning America scandal and centers around the characters Alexandra «Alex» Levy and Bradley Jackson. To keep fans informed, here is the episode schedule for the new installment of «The Morning Show.»

Tata Motors, India's biggest electric carmaker, is testing its electric vehicles in some global markets where it could look at a potential launch if the experiment succeeds, its managing director told Reuters. The tests are in early stages and based on how the cars perform, Tata may need to make some changes to the product before it can finalise and develop a «go to market» strategy, Shailesh Chandra said in an interview. «It is about which markets I should be in, with what products and with what kind of distribution strategy. We are assessing some markets, running our cars, discussing with business partners,» he said. Chandra said it was too early to discuss details of the export markets and there would be more clarity next year. Tata also plans to roll out new car dealerships over coming quarters in some Indian cities that will exclusively sell EVs as sales of its clean cars gain momentum and it lines up faster launches of new electric models, Chandra said. Sales of EVs globally have been growing as tighter emission regulations push carmakers to increase the share of electric cars in their portfolio.

Tata Motors has introduced the updated Nexon EV facelift, starting at ₹14.74 lakh (ex-showroom) with pricing extending up to ₹19.94 lakh (ex-showroom). These introductory prices are valid for a limited time. Known as the Tata Nexon EV, this electric variant of the popular compact SUV boasts a range of enhancements, including a refreshed design, new features, and an improved electric powertrain.

Russia-Ukraine crisis, though it stopped short of direct condemnation. From a Karachi resident's perspective, India's effective hosting of the summit signals not only an honour for the nation but also a potentially significant economic boost. This sentiment contradicts the usual rivalry between the neighbouring countries and acknowledges India's growing importance on the world stage.

Reliance Industries and others on the government’s appeal that accused the Mukesh Ambani-owned conglomerate and its partners of committing an “insidious fraud” and “unjust enrichment of over $1.729 billion” by siphoning gas from deposits they had no right to exploit. Attorney General R Venkentaramani and former AG KK Venugopal, appearing for the govt, argued that RIL in 2003 knew about the connectivity of its block with that of the adjoining ONGC block. They also accused RIL of ‘consciously and deliberately’ extracting and selling the adjoining ONGC gas without the government’s knowledge. The senior lawyers also argued that RIL had earlier taken a categorical stand that “there is no connectivity and continuity” between RIL’s and ONGC’s block.

PARIS (Reuters) — Belgium's junior minister for the digital economy said he would ask the telecoms regulator to analyse potential health risks linked to Apple (NASDAQ:AAPL)'s iPhone 12 after France ordered a halt to sales citing breaches of radiation exposure limits.

Lawmakers gathered in Mexico City to listen to testimonies from researchers representing Mexico, the United States, Japan, and Brazil, all proposing the intriguing possibility of extraterrestrial life. This event mirrored a similar one in the US Congress just two months prior when a former US Air Force intelligence officer claimed knowledge of «non-human» activity dating back to the 1930s. One of the focal points of this session was Mexican journalist Jose Jaime Maussan, who presented two boxes containing what he and others believed to be «non-human beings unrelated to our terrestrial evolution.» These desiccated, shrunken bodies with warped heads left those in the chamber astonished, sparking a surge of social media activity. Maussan emphasized the significance of DNA analysis, stating, «It's the queen of all evidence.» However, he refrained from categorizing them as «extraterrestrials» at this stage. These enigmatic bodies purportedly date back to 2017 and were found deep underground in the Nazca desert of Peru, famous for its colossal, mysterious geoglyphs.

rapid expansion of its infrastructure. This sector has played a pivotal role in bolstering the nation's economic landscape, making substantial contributions to its GDP, and offering gainful employment opportunities to millions of individuals. Out of the blue on Monday this week, shares of Vallabh Steels, Prakash Industries, Jindal Stainless, Steel Authority of India, and Steel Exchange of India surged by an impressive 11%.

India's G20 presidency was a breakthrough, said Vice-President Jagdeep Dhankhar, adding there was legitimate and rightful recognition of a resurgent India as a global power. Addressing the research faculty of the Indian Council of World Affairs (ICWA) at Sapru House on Wednesday, the Vice-President noted the widespread appreciation for India's role during its Presidency of the G20, and the success of the recently concluded G20 Leaders' Summit. Emphasizing that India was in a defining moment in history, the vice president urged researchers to make people aware of the achievements of the nation, stated an official release. «You are the window for every outsider to the country, and for every Indian citizen to the world,» he underlined. Highlighting India's rising stature on the global stage, the Vice-President traced India's journey from being part of the 'Fragile Five' to being the fifth-largest economy in the world. Dhankar added that some of the accomplishments that were taking place in India had once seemed beyond imagination for the world. «They can never imagine that this could happen in a country that has diversity of religion, caste, creed and language,» he elaborated. He urged research scholars of ICWA to be at the forefront of countering «pernicious, sinister narratives that are floated periodically about India». Stressing the need to engage in in-depth analysis of such narratives, the Vice-President said, «Your role is important in neutralizing such a crafted strategy only to taint, tarnish, demean, and decimate our Constitutional institutions.» The Vice-President, who is also the ex-officio President of ICWA, inaugurated the renovated library of ICWA at Sapru House.

Economic Times Startup Awards (ETSA) have captured the ever-changing world of technology and Digital India as the sector has grown from infancy to the stage of spawning publicly-traded corporations. Having seen at least two cycles of the funding boom followed by a tech winter, the awards are a true testament to the way Indian entrepreneurship has matured in the past nine years amid many crests and troughs.

Delhi government will allow the registration of all BS VI-compliant diesel vehicles for inter-state stage carriage in the national capital. In an order on July 24, the Supreme Court had modified its previous order to pave way for the registration of all BS VI-compliant diesel vehicles in Delhi, irrespective of their requirement for the G20 summit. Citing the judgement of the apex court, an order issued by the Delhi Transport Department said, "… the competent authority is pleased to allow the registration of all BS VI compliant Diesel vehicles in GNCT of Delhi for Inter-State Stage Carriage, All India Tourist Permit (AITP) holders having capacity of more than 7+1 persons, coaches, buses." The Delhi Taxi and Tourist Transporters' Operators' Association, in a statement, welcomed the decision, even as it took exception at the delay in issuing of the order by the Transport department. «We welcome the decision.

Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, has restarted negotiations to sell its build-operate-transfer (BOT) toll road assets after PE major KKR terminated the proposed transaction in May. Global funds such as Canada's CDPQ, Macquarie, Cube Highways, and India's NIIF are in early stages of talks to acquire the assets, multiple people aware of the development said. CDPQ is in talks through its infrastructure trust — Indian Highway Concessions Trust. In 2021, Ashoka Concessions (ACL) and Galaxy Investments II, an affiliate of Kohlberg Kravis Roberts & Co.

The Committee of Creditors for IL&FS Tamil Nadu Power Company (ITPCL), a consortium of 17 banks led by Punjab National Bank, have turned down a proposal from the National Asset Reconstruction Co (NARCL) to acquire the debt of ₹9,000 crore and is moving ahead with a debt restructuring plan. During a meeting held last week, the lenders' committee rejected the government-backed bad bank's offer, a source said. Lenders felt that NARCL's offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring process. Under 15:85, 15% of the amount is paid upfront while the remaining is paid by way of security receipts. «Lenders have rejected NARCL's offer as the company has cash of around ₹3,000 crore which will improve their recovery in case of restructuring,» a source said.

biggest auto strike in generations," approximately 150,000 autoworkers at Ford, Stellantis, and General Motors are poised to stage a walkout at 11:59 pm on September 14th if tentative agreements for new union contracts remain elusive.