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silver steadied. Gold August futures contracts and silver September futures contracts on Monday opened flat at Rs 72,966 per 10 grams and Rs 93,380/kg respectively. Gold August future contracts at MCX opened flat today at Rs 70,977 per 10 gram, which is down by merely 0.16% or Rs 112 while silver September futures contracts were trading at Rs 88,743/kg, down by 0.44% or Rs 392.

electric vehicle maker VinFast will enter the Indian market with locally assembled models, marking a shift from its earlier strategy of initially selling only imported EVs in the world's third-largest automobile market, said a person with knowledge of the plans. The revised approach follows a fast-tracked opening of the company's new factory in Tamil Nadu. The plant is likely to become operational by March 2025, 3 months ahead of schedule, the person said, asking not to be named. VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ?25-30 lakh range, placing them in the premium affordable segment of India's burgeoning market for EVs. The models are likely to have a range of 300-500 kilometres. VinFast's move to enter the Indian market through the completely knocked down (CKD) route will help the maker of VFe-34, VF6, VF7 car models save on high import duties and offer its products at competitive prices. India levies an import duty of 100% on imported car models having a CIF (cost, insurance, freight) value of more than $40,000 and 70% on imported models with a CIF value of less than $40,000. CKD kits attract 15% duty.

President Joe Biden had ample time to prepare for the first presidential debate. According to the New York Times, the preparations were not taken seriously by the President who did not begin before 11am. He also had time for an afternoon nap. This was different from the strategy followed by his predecessor Barack Obama in 2012. Many observers noticed certain shortcomings during the president’s debate and were curious to know about his preparations for this important event. It has been reported that the preparations were cut short by two days after the president was exhausted. He had a hectic travel schedule to France and Italy before the debate.

A recent survey by global search firm Executive Access, commissioned by TOI, highlights this trend. The study, which analyzed over 300 new CEO hires in 2023-24, found that only 45% of C-suite leaders now come from a sales and marketing background, a significant drop from the 80% observed a decade ago. Instead, streams like strategy and operations are gaining prominence, with around 20% of new CEOs coming from a strategic background. «A lesser percentage of CEOs come from the function of sales and marketing, which was not the case earlier. The survey also found a higher number of CEOs are now from strategy and operations. Strategy has become very important as complexity and uncertainty of any business has increased significantly,» said Ronesh Puri, MD of Executive Access India. «Businesses are looking to survive and grow as businesses are becoming extinct much faster today. Therefore, it has become imperative for companies to look at both survival and growth, which a strategist can do well.»

companies in India are tapping the talent pool of ex-service personnel as they embark upon the next phase of growth. Reliance Industries hired nearly 2,000 ex-service personnel in FY24, up by a third in one year. At 7,500, it employs the largest number of former defence forces personnel in any Indian company. According to industry sources, several Tata Group companies, automakers such as Maruti Suzuki, and others like the Adani Group, RPG Group, Vedanta, Sodexo and state-run ONGC hire ex-service personnel.

Speaking in a weekly webinar held by QuotedData, Train argued that portfolios «never really stay stable long enough to get the benefit of a good investment», as a result of trading too frequently.  He noted that some investors tend to overdiversify their portfolios, which can often result in unintended changes in holdings ratio. «Suddenly [you] look up and realise, ‘I thought I was running a concentrated portfolio, but actually I have got 70% stocks now and I do not really know why I own half of them',» Train stated. «We have disciplined ourselves to try and avoid those types of mista...

Online travel booking platform Ixigo, which went public last month, has reported a 20% year-on-year (YoY) increase in its operating revenue to Rs 164.8 crore for the quarter ended March 2024. Its net profit in the period jumped 55% to Rs 7.3 crore. For the fiscal year 2024, Ixigo’s net profit more than tripled to Rs 73 crore from Rs 23 crore in FY23. Revenue from operations grew by 31% on year in FY24 to Rs 655.8 crore.

equity indices Sensex and Nifty hit fresh lifetime highs before closing flat, as profit-taking in select banking and telecom shares occurred amid mixed global cues on Tuesday. Stocks in focus included Solar Industries, which rose 8.23%; Kotak Bank, which fell 2.49%; and Max Health, whose shares declined 4.46% on Wednesday.

Bharti Enterprises and Del Monte Pacific Ltd, on Thursday announced Abhinav Kapoor as its new chief executive officer with immediate effect. He will lead the Del Monte Foods senior leadership team across functions and steer long-term strategy for the business, a company statement said. According to Harjeet Kohli, joint managing director, Bharti Enterprises, Kapoor will also amplify focus on the B2B and B2C spaces. Kapoor was previously vice president, sales at VIP Industries, where he was overseeing P&L, multiple channels and sales, the company said in a statement, adding that Kapoor has over two decades of experience in sales and distribution within consumer businesses. He has previously held leadership positions at Cavinkare, Britannia Industries, Mondelez and Marico, the statement said. He succeeds former chief Mahesh Kanchan.

In the company's annual financial report for the year ending 31 March 2024, its NAV came in at £162.8m, down from £167.1m 12 months prior. This was despite the trust's NAV total return making a turnaround versus the 2023 period, bringing in 5% for its shareholders compared with a loss of 6% last year. Deep Dive: REIT sector focus matters even as sharp discounts abound Chair Mark Burton said that «considering this testing backdrop» the company's performance was a «testament to its value-focused strategy of investing in mispriced assets [..].which continues to be the beating heart of...

Rakesh Jhunjhunwala, often referred to as the "Big Bull" of Indian stock markets, who passed away 2 years ago, would have turned 64 years today. If Jhunjhunwala can be remembered for one thing, it would be his often mentioned quote: “Bhav bhagwan hai” (price is god).

If you struggle to do what it takes to make a business successful, then we have curated a list of the best business books in India. All of these books are mentioned in this article along with their summary. Go through the summaries, find the right book for yourself, and place your order using the given buying link.

«We will have a large surge in money coming into India, foreign money coming into India, primarily through the equity route and now increasingly through the bond route as well. And we have now an interim budget upcoming which could lay the foundation for further growth momentum to pick up,» says Mahantesh Sabarad, Independent Market Expert. Let us talk about the market move we have seen today. Slight bit of a subduedness in the middle part of the session, but we are back to almost the day's highest trading point for Nifty. Yet another record high also coming in for Nifty. Do you think this exuberance we are seeing in Nifty is sustainable going ahead given that the budget is just around the corner? Mahantesh Sabarad: There are multiple reasons why the markets are actually upbeat. It is not just today's session. If you look at the past several months, the upbeat market is trying to gauge into the future wherein we have the likely monsoon outcome going to be positive, we are going to have inflation coming down and therefore RBI looking for rate cuts later down in the year, probably post October.

SCO) Summit being held here under the Kazakhstan Presidency will adopt an important document to combat terrorism, separatism and extremism, echoing India's stand on countering terrorism and radicalisation in the Eurasian region. The July 3-4 summit will also discuss an anti-drug strategy to counter the rising menace of drug addiction. Recent arrests of terrorists in Kyrgyzstan and earlier in Tajikistan have established ISIS links emanating from Afghanistan. The Indian establishment has been closely monitoring the spread of ISIS influence in Eurasia and its impact across the border in India, ET has learnt. What has come to their notice is recent ISIS literature that aims to target India, according to sources.

By Murtaza Haider and Stephen Moranis

National Rally (RN) has suffered a stinging defeat in the run-off round of France's parliamentary elections, hobbled by electoral pacts between the left and President Emmanuel Macron's centrists. Marine Le Pen and Jordan Bardella's RN led the first round of voting in the election on June 30 but fell back to third in Sunday's second round after the victorious left-wing New Popular Front (NPF) alliance and Macron's second-placed centrists joined forces to avoid splitting the anti-RN vote. The New Popular Front and its allies won 187 seats in the 577-seat National Assembly, Macron's centrist group won 159 seats and the National Rally and its allies won 142 seats, interior ministry figures show.

Markets have been hitting new highs almost every week and the total wealth in equity assets has also risen to all-time highs. Not surprisingly, promoters are set for record stock dilution. As per media reports, promoters of over 200 companies have cumulatively sold stock worth around $4 billion in the last two months alone, taking advantage of richer valuations and cashing-in on the equity they hold.

July financial deadlines and rules change: In the month of July, there are several financial deadlines and changes in rules, which will come into effect. Besides, there is one key economic event – Union Budget, which is likely to be presented on July 23 or 24 in the second leg of the Monsoon Session of parliament.

Retiring early, at an age before 60 or even 50, is becoming more and more appealing to many individuals, thanks to the increasing awareness of financial planning and the availability of various investment options. Attaining this objective necessitates a disciplined approach to saving and investing. However, the decision to retire early should not be made hastily. It is essential to evaluate your current financial situation and make adjustments to your investment and savings in line with your retirement objectives.

Paradigm shifts in mainstream economic thinking usually accompany crises demanding new answers, as occurred after stagflation—low growth and high inflation—gripped advanced economies in the 1970s. And it may be happening again, as liberal democracies confront a wave of popular distrust in their ability to serve their citizens and address the multiple crises— ranging from climate change to unbearable inequalities and major global conflicts—that threaten our future.

Also Read: Sebi tweaks stocks’ F&O norms, curbs use of finfluencers Any losses from these instruments can be used to set off against other business income of the assessment year or carried forward and set off against business income for the subsequent eight years. This provision has provided a cushion for traders against the volatile nature of the F&O market. F&O traders rely on trend analysis and probability computations that require years of experience and knowledge about markets and trends.