Track Financial News

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

₹258 and ₹272. Also Read: Go Digit IPO day 2: GMP, subscription status, price to review. Should you apply to this Virushka-backed IPO? The Go Digit General Insurance IPO consists of an offer-for-sale (OFS) of 54,766,392 equity shares by the promoters and other selling shareholders, together with a fresh issue of ₹1,125 crore.

Nifty50 closed 1.2% higher in April but more than 80% of the Alternative Investment Funds (AIFs) tracked by PMSBazaar.com beat the benchmark delivering up to 19% return in the same period. AIFs are investment funds pooling money from investors for assets beyond conventional stocks, bonds, and cash.

Q. I am a real estate broker, running my small business in Ghaziabad. My wife is a housewife. I have been investing in large cap stocks for the past 7 years. I now intend to diversify my portfolio and invest in index funds tracking the banking sector. I am currently confused between mutual funds tracking the Nifty Bank Index and the Nifty PSU Bank Index. Can you please elaborate? Ramdheer Rathore, Ghaziabad, Uttar Pradesh

Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. What are the demand trends looking like given that there were lesser wedding dates during the quarter? Has that really impacted your numbers and would it really impact your outlook for FY25? Neetu Kashiramka: Overall for FY25, our outlook is 1-2% better than industry growth and industry is expected to grow around 12%. But yes, the first quarter where the wedding dates are less, it might be slightly slower. But it should recover in Q3 because a lot of wedding dates are scheduled to happen in the Q3 of this year.

Professional investors with a bullish or bearish conviction on artificial-intelligence stocks and looking to magnify their profits with leverage can now do so with two new exchange-traded funds.

annual shareholders meeting earlier this month. Berkshire sold off a little over 116 million Apple shares in the quarter — accounting for about 13% of its stake — to trim its biggest single investment. But it still holds nearly 790 million Apple shares, and Buffett told shareholders that he expected the iPhone maker to remain a long-term holding.

Lok Sabha constituency in north Kashmir, which is going to polls in the fifth phase of elections on May 20, will decide the fate of 23 candidates. However, the main contest is between Sajad Lone of People's Conference and Omar Abdullah of National Conference. The contest has become interesting with the entry of Awami Ittehad Party (AIP) of Sheikh Abdul Rashid, alias Engineer Rashid. The two-time legislator is contesting from Tihar jail. AIP's campaign rallies are receiving huge response across north Kashmir. It appears that People's Democratic Party candidate Fayaz Mir, who is a former Rajya Sabha member, may have already lost the third spot in the contest. BJP has not fielded any candidate in the three Lok Sabha seats of Kashmir, but is actively canvassing for some parties without directly naming them. J&K Apni Party, led by Altaf Bukhari, has also not fielded any candidate here and is supporting Lone, while Abdullah is the official candidate of the INDIA bloc.

Rajasthan Royals slumped to their fourth successive defeat as Punjab Kings beat them by five wickets in an IPL match here on Wednesday. However, Royals with 16 points are safe in terms qualifying for the play-offs but with one match left, they might not finish in top two with an inferior net run-rate as Sunrisers can go up to 18 points. On the day, Punjab Kings restricted Rajasthan Royals to a meagre 144 for nine. For Royals, local hero Riyan Parag scored 48 off 34 balls on a difficult track while Punjab skipper Sam Curran (2/24 in 3 overs), Harshal Patel (2/28 in 4 overs), Nathan Ellis (1/24 in 4 overs) and Rahul Chahar (2/26 in 4 overs) were all on target. In reply, skipper Curran hit an unbeaten 63 off 41 balls to ensure an inconsequential victory with seven balls to spare.

Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade.

Crude prices slid about 1% to an 11-week low on Wednesday after data from the International Energy Agency (IEA) showed oil demand in developed countries likely would flag this year. Brent futures fell 62 cents, or 0.8%, to $81.76 a barrel by 10:59 a.m. EDT (1459 GMT), while U.S. West Texas Intermediate (WTI) crude fell 60 cents, or 0.8%, to $77.42. That pushed both crude benchmarks into technically oversold territory and put both on track for their lowest closes since Feb. 23.

NASA has unveiled its plan to construct the first lunar railway system, designed to offer reliable, autonomous, and efficient payload transport on the Moon. In its official blog, NASA said that this durable, long-lasting robotic transport system will be essential for the daily operations of a sustainable lunar base envisioned for the 2030s, as part of NASA’s Moon to Mars initiative and mission concepts like the Robotic Lunar Surface Operations 2 (RLSO2). «Moreover, NASA has proposed a solution for transporting regolith mined for ISRU consumables (H2O, LOX, LH2) or construction materials, as well as for moving payloads around the lunar base and to/from landing zones or other outposts,» NASA added. The agency introduced FLOAT — Flexible Levitation on a Track — to address these transportation needs. The FLOAT system utilizes unpowered magnetic robots that levitate over a 3-layer flexible film track. This track comprises a graphite layer for passive floating using diamagnetic levitation, a flex-circuit layer for generating electromagnetic thrust to propel robots along the tracks, and an optional thin-film solar panel layer for power generation when exposed to sunlight.

DSP Mutual Fund on May 15 announced the launch of DSP Nifty Bank Index Fund, an open-ended scheme tracking Nifty Bank Index. The fund will offer an opportunity to invest in banking stocks at reasonable valuations.

Bharti Airtel managing director Gopal Vittal said rival Vodafone Idea’s recent Rs 18,000 crore capital raise will increase competition but is good for India’s telecom sector, which requires three strong players. He added that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low. Vittal did not specifically comment on when Airtel would start charging a premium for its 5G services, but conceded that the current high levels of data consumption — in the present 5G at 4G rates scenario — would automatically decline once 5G services are priced in. Airtel’s 5G user base was at 72 million in the quarter ended March 2024, and the telco is adding around 2-2.5 million 5G users a month amid rising device shipments, he added.

integrity, a young Indian boy in Dubai has been commended by the city’s police force for his commendable action. Muhammad Ayan Younis, accompanied by his father, stumbled upon a lost watch during a stroll and promptly returned it, earning accolades from the Dubai Tourist Police Department for his honesty and discernment. The Dubai Police Department took to social media platform X to spotlight this exemplary act, affirming, “Dubai Police Honours Child for Honesty After Returning Tourist's Lost Watch.” A snapshot shared alongside the announcement captures Brigadier Khalfan Obeid Al Jallaf, Director of the Tourist Police Department, along with his deputy, Lieutenant Colonel Muhammad Abdul Rahman, and Captain Shahab Al Saadi, Head of the Tourist Happiness Section, presenting young Muhammad Ayan Younis with a certificate of commendation. Additionally, a blog link detailing the incident was included in the post.

1. Samsung 85-inch QLED 8K TV Experience breathtaking visuals with the Samsung 85-inch QLED 8K TV. This cutting-edge television boasts a sleek steel design and delivers a truly immersive viewing experience.

column in this paper on 27 March 2024. None of these discussions, however, examined the appropriateness of the existing methodologies for tracking poverty using consumption data. Consumption-based poverty measurement in India traces its roots to a Working Group constituted by the Planning Commission in 1962, which was subsequently re-visited and revised by a task force in 1979.

manufacturing have boosted the demand for logistics in India, with a staggering 13.5 million square feet in January to March 2024 compared from 11 million square feet in the year-ago period, say a recent Savills India report. The data revealed that leasing of industrial and warehousing spaces in Tier-I cities increased 25% to 10.5 million square feet during January-March 2024 from 8.4 million in the year-ago, while Tier II and III cities witnessed a 20% growth to 3 million square feet from 2.5 million square feet during the given period.

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.

A crypto shrimp, perhaps better called the King shrimp, who was earlier tracked by Crypto.News has upped the holdings of his Mollars token presale ‘bag.’   Buying frequently or dollar cost averaging into the presale,  the traders frequent buys have made them what’s believed to be the biggest holder of Ethereum blockchain’s coming store-of-value token.

U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year