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Sandeep Raina, Executive Vice President- Research at Nuvama Professional Clients Group believes there will be no significant changes in the upcoming Budget before the General Election. However, after the elections, the government may announce a pro-investment Budget. In an interview with Mint, Raina shared his views on markets and the Indian economy.

Coal India, with strong uptick in production, power producers as NTPC, capital goods major BHEL and many others have given strong returns. Also Read- PNC Infratech shares surge over 6% as company bags new hybrid annuity road project The Nifty realty Index has been the largest gainer. Analysts ta ICICI Securities have highlighted that concerns over rising mortgage rates impacting demand have been addressed by all companies under their coverage which clocked record residential sales bookings in FY23 (up 43% YoY in value terms) and momentum sustained in H1FY24 in spite of the absence of big-ticket launches by most developers.

General Elections 2024. This reinforces the likelihood of policy continuity and a favourable trajectory. The critical decision now lies in determining where to place one's bets—whether on large caps, mid caps, or small caps.

fixed-income investments, is leading efforts to address the mental health dimensions of wealth creation. This groundbreaking report, developed in collaboration with Amaha, a mental health organization, reflects an increasing recognition of the interconnectedness between financial and mental well-being.

H-1B workers to renew their visas without leaving the United States has successfully passed review by the White House Office of Information and Regulatory Affairs (OIRA). The State Department announced last month that the pilot program is scheduled to launch in January with an initial participation cap of 20,000 individuals. However, comprehensive details regarding eligibility and the operational aspects of the pilot will be shared when the notice is published in the Federal Register. Having cleared the OIRA review on December 15, this milestone represents the final regulatory hurdle before the official publication of the program. This initiative is part of a broader strategy by the government to reduce wait times for consular services. Currently, individuals on H-1B specialty occupation visas, commonly used in the tech industry and valid for three years, need to get an appointment at a US embassy or consular office for a visa stamp after traveling abroad. The extended wait times for visa services, particularly in countries like India, the principal source of H-1B workers, have introduced uncertainties into travel plans for both these workers and their employers. The new pilot program addresses this challenge by allowing eligible H-1B workers to renew their visas within the United States, eliminating the need for international travel solely for visa renewal purposes. This move is particularly significant given that H-1B visa holders, a substantial number of whom come from India, often face prolonged wait times for visa appointments, causing disruptions to their professional and personal plans.

sugarcane to produce ethanol could increase the closing stocks of sugar from the multi-year low of the previous season, leading to some moderation in the soaring sugar prices, say experts and industry stakeholders. Industry observers say as the government has a focus on the ethanol blending programme, more relaxation is likely if sugar surplus is in line with the estimates after the crushing season ends in the first quarter of FY25. Khushbu Lakhotia, Director, India Ratings & Research, says: “While the government has now allowed ethanol production through both cane juice and B- heavy (a category based on sucrose content) molasses, the sugar diversion has been capped at 1.7 million tonnes (MT), which is around 60% lower than the last season and similar to the diversion without cane juice under the order passed on December 7. Even under the revised order, India’s sugar production could increase by 2-2.5 MT to around 31 MT.

Congress tickets for the Lok Sabha elections next year, though none of the three incumbent party MPs are among them, sources said. The deadline for accepting applications from party members for the 2024 Lok Sabha election tickets will end on Tuesday. The northeastern state has 14 Lok Sabha seats.

At the dawn of 2023, the specter of Saudi Arabia’s growing influence on pro golf — and sports in general — served not only as a moral conundrum for players and their fans, but also, some argued, as an existential threat to the multibillion-dollar profe...

After Q2 EBITDA margin expanded by 40 bps to 26.6%, Yatharth Hospitals believes that the margins will be sustainable as growth will come organically as occupancy levels increase. «Further, initiatives including induction of international business coming in, PET and radiation line becoming operational in the coming quarters, and more higher specialties coming in would support ARPOB improvement which in turn should give the impetus for profitability improvements,» Yatharth Tyagi, Director, Yatharth Hospitals, said. Edited excerpts from an interview: After reporting the highest ever quarterly revenue in Q2 with a robust YoY growth of 34%, what is the guidance for the rest of the financial year? Yatharth Hospitals reported stellar performance over the last few years.

Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.” I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000. That is true. We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year? See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.

TCS and HDFC Bank. The BSE Sensex was trading 56 points or 0.08% higher at 71,370. Nifty50 was trading at 21,426, up 8 points or 0.04% at around 9.18 am. From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red. Among individual stocks, Apollo Tyres opened 7% higher amid a 4.5% block deal in the counter. Vedanta shares opened 2.4% higher after the company declared a second interim dividend of Rs 11 per share for fiscal 2024.

financial crisis. Schiff’s recommendation to divest from the US stock and bond market, coupled with his emphasis on the risks associated with government and corporate debt, necessitates a thorough examination. He contends that the immense levels of government and corporate debt within the US market are unsustainable.

The Call for Code Global Challenge, now in its sixth year, was launched in February 2023 with a focus on developing AI-powered technology projects that address sustainability and climate change. This year’s challenge, organized by the Call for Code Creator David Clark Cause, Founding Partner IBM, Charitable Partner United Nations Human Rights, and Program Affiliate the Linux Foundation, marked a significant shift in format from a single annual competition to quarterly «Challenge Rounds» throughout the year​​.

(Reuters) — Global grains merchant Archer-Daniels-Midland said on Monday it will acquire Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients and solutions, to bolster the company's flavors portfolio.

US Federal Reserve said that it expects the federal funds rate to be at 4.6% by end 2024 and lower thereafter, down from the earlier forecast of 5.1%. The federal funds rate is the rate at which banks in the US lend money to each other on an overnight basis. The rate currently stands at 5.25-5.5%.

(Reuters) -The U.S. state of Tennessee has sued BlackRock (NYSE:BLK) alleging the world's largest asset manager breached consumer protection laws by making «misleading» statements about its environmental, social and corporate governance (ESG) investment strategies.

With increased competition from fintechs and embedded finance, financial services firms have been looking at head count with a reduction in numbers across several key players.

The ball in Times Square will soon be dropping, closing the book on 2023 and ushering in a brand-new year. It also means it’s time for financial advisors intent on improving their practices to get their new year’s resolutions on the record.

Millions of Americans will be making a new year’s resolution to improve their finances according to new research.

Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million.

In the vast and competitive landscape of cryptocurrency, the visibility and reach of a token are pivotal. Welcome to the forefront of innovation – LMEOW Token, not just a meme coin sensation but a trailblazer in the realm of SEO dominance through AI-infused marketing strategies.