Strategy Financial News
21.12 / 10:53
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Budget 2024: Expect some relief on the personal income tax front, says Amitabh Mohanty of JM Financial
Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd. In an interview with Mint, Mohanty shared his views on the Indian market and mid and small-cap space. Edited excerpts: It may not necessarily be a simple vote on account.
21.12 / 10:52
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Quantum Genius GPT Review – Is It Legit?
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content
21.12 / 10:50
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Stock Market Today: Sensex, Nifty 50 end with healthy gains; investors earn about ₹4 lakh crore in a day
Indian stock market: How big is the Covid-19 risk for equities? Experts answer Domestic market benchmarks opened lower, tracking weak global cues, but rebounded sharply as the day progressed. The Nifty 50 touched its intraday low and high of 20,976.80 and 21,288.35, respectively, while the Sensex hit its intraday low and high of 69,920.39 and 70,958.71, respectively, during the session. Sensex finally closed the day with a gain of 359 points, or 0.51 per cent, at 70,865.10 while the Nifty 50 settled at 21,255.05, up 105 points, or 0.50 per cent.
21.12 / 08:42
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The Simple Path to Wealth: 5 key investing lessons by JL Collins
financial planning. It advocates for streamlining your financial approach, concentrating on essential principles, and steering clear of intricate or high-risk strategies. The objective is to steadily and consistently accumulate wealth over time, eschewing the pursuit of quick-rich schemes.
21.12 / 08:42
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2024
27 Nifty 50 stocks recorded new all-time highs this year; will the rally continue in 2024?
Also Read: FPIs pump ₹42,733 in Indian equities in Dec; Inflows rise after US Fed stance This impressive rally prompted investors to book profits, resulting in a 1.41% dip in the Nifty 50 on December 20. However, analysts anticipate this minor setback to be short-lived, with expectations of a rebound towards the year's end. Despite subdued performances from heavyweight stocks like Reliance Industries, HDFC Bank, and Infosys, the index's rally found support from the automotive and financial sectors in 2023.
21.12 / 08:41
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Intel to lay off 235 employees over two weeks in the US
Intel Corporation is set to undertake its fifth round of job cuts from December 31, 2023. The company will lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as per the Hindustan Times. In an official statement to various news sources, the semiconductor giant confirmed the impending job cuts.
21.12 / 08:18
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Congress set to relocate Delhi headquarters to new building 'Indira Bhawan': Report
ANI. Meanwhile, Congress chief Mallikarjun Kharge will be holding a meeting with top party leaders today to discuss the party's strategy for the upcoming Lok Sabha polls. The meeting will be attended by Sonia Gandhi, and Rahul Gandhi and this will be the first meeting of the top Congress leadership after the party's debacle in recently held assembly elections in five states.
21.12 / 08:13
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Overvaluation a key risk in market, says Kenneth Andrade of Old Bridge Capital; lists 6 key trends of 2023
Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.
21.12 / 07:10
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Bitcoin Price Prediction: ETF Approval Spurs Jump to $43,500
In a significant market shift, Bitcoin has soared to $43,500, marking an impressive 2.50% increase. This surge is largely attributed to the persuasive impact of spot Bitcoin ETF filings, which, even before official approvals, have intensified marketing campaigns within the crypto sector.
21.12 / 05:20
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How to become rich: Nine golden personal finance rules that may help you make money
Personal finance has to do with the way you handle your money. Everybody just simply wants a hack that can multiply their money manifolds. Amassing wealth is not like a two-minute instant noodle, it's a process that involves a balance of budgeting, saving, and investing. Of course, there are some thumb rules when it comes to personal finance. These thumb rules can be used by those who are just beginning their financial journey as well as others who are already on their path. There's no ‘one size fits all’ funda and these rules only provide you with a basic understanding.
21.12 / 04:46
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Financial
5 essential steps to conclude a year-end evaluation of your financial portfolio
investment portfolio is akin to making a pit stop on a lengthy road trip. It provides an opportunity to inspect your tires, replenish fluids, and fine-tune your route for the miles ahead.
21.12 / 04:45
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How is Dhan Empowering Traders to Thrive in a Volatile Market?
Web Trading Platform and seamless integration with TradingView, Dhan provides essential tools that equip traders like you to make informed decisions and capitalize on opportunities. This not only makes the journey through a volatile market more manageable but also enhances the overall trading experience, ensuring fruitful outcomes for you. Let's explore how Dhan is transforming trading, making it a journey where you not only survive but flourish.
21.12 / 04:39
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Apple Vision Pro headset likely to launch in February 2024. Here's what you should know
Apple has begun ramping up production of its Vision Pro mixed reality headsets at the company's facilities in China in recent weeks, with the goal of having customer-bound units ready by the end of January, while the headset could be launched in February, Bloomberg's Mark Gurnman noted in a recent report, citing sources. However, the report noted that last-minute production problems and other issues could derail the planned launch schedule.
21.12 / 03:03
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‘INDIA bloc meeting finished on tea, biscuits without samosas, no…’: JD(U) MP Sunil Kumar Pintu
ANI, Sunil Kumar Pintu said, "In the meeting yesterday, big leaders of several parties had come for sharing in the alliance. But no discussion on the same could be done. Yesterday's meeting was restricted to tea and biscuits." Pointing out Congress statements that they are short on funds, JD(U) MP said, "They are seeking donations of ₹138, ₹1380 or ₹13,800.
20.12 / 22:47
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Harvard's Breakthrough in Quantum Computing: A Leap Towards Error-Correction and Noise Reduction
There has been a substantial advancement in quantum computing, which was disclosed by a group of researchers from Harvard University, in conjunction with QuEra Computing Inc., the University of Maryland, and the Massachusetts Institute of Technology. The Defense Advanced Research Projects Agency (DARPA) of the United States of America has provided funding for the development of a one-of-a-kind processor that has been designed with the intention of overcoming two of the most major problems in the field: noise and mistakes.
20.12 / 18:55
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GenAI: What Accenture got right, but Indian IT didn't
ChatGPT that made AI the biggest talking point in the technology world as a potential catalyst for disruptions in businesses. “We continue to take an early leadership position in GenAI, which will be an important part of the reinvention of our clients in the next decade," Accenture chair and chief executive officer Julie Sweet said in a post-earnings interaction with analysts on Tuesday. If Accenture’s GenAI business continues to grow at the same rate, it could become a $4 billion business in the current financial year, an analyst said.
20.12 / 18:30
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The hot new market in crypto? Trading FTX's carcass
cryptocurrency exchange filed for bankruptcy last year, Thomas Braziel, an investor who specializes in collapsed businesses, started brokering an unusual kind of transaction: a market to profit from FTX's downfall. Braziel put one of his clients in touch with a large financial firm that had lost nearly $100 million when FTX went under. Last December, the firm agreed to sell its claim in the FTX bankruptcy — essentially an IOU from the collapsed exchange — for 6 cents on the dollar, betting that it was better to collect some fast cash than wait years for the husk of FTX to start paying creditors back.
20.12 / 17:53
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Taxes, inflation and comfort: Why it is absolutely necessary to stay debt-free
₹2 lakh for interest with an additional ₹50,000 for loans less than ₹35 lakh. Thus, tax benefits are significant for loans less than ₹35 lakh. However, for larger home loans, the effective post-tax rate falls by only a small decimal and does not translate into any significant savings.
20.12 / 16:31
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Odisha plans 11 new camps for security forces to take on Maoists: DGP
camps in remote areas of the state to take on the Maoists. This was revealed by DGP Sunil K Bansal after inaugurating the strategy conference on left wing extremism here. «We have plans to set up 11 new COBs (Company Operation Base) of CRPF/BSF in remote areas as Maoists may unleash violence to make their presence felt,» Bansal said.
20.12 / 14:08
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India’s GI journey: Few hits, more misses
₹6,000 and goes up to ₹25 lakh a piece, depending on the size and craftsmanship. “But many artists now use cheaper raw materials to cut costs. There is no monitoring or quality check to tell a fake from an original.
20.12 / 14:07
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Credo Brands IPO Day 2: Issue subscribed 6.95 times, NII and retail portion records strong demand
BSE, Credo Brands IPO's non-institutional investors (NIIs) portion was subscribed 11.48 times while qualified institutional buyers (QIBs) portion was subscribed 0.35 times. On the first day, the issue was subscribed 1.77 times by 4:25 pm on December 19. The retail portion was booked 2.93 times, NII portion was subscribed 1.43 times and QIB was subscribed over 0.01 times.
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