Track Financial News

(Updated — February 12, 2024 11:21 AM EST)

With 80% of S&P 500 companies having reported earnings, numbers have been better-than-anticipated, UBS analysts noted.

TruDoc Healthcare, the GCC's telehealth and virtual care provider, has acquired Mumbai-based chronic disease management platform Wellthy Therapeutics, according to a company statement. Wellthy Therapeutics, a digital therapeutics (DTx) company, develops and deploys digital therapeutic candidates for commercialisation in indications across cardiology, nephrology and diabetes. It helps medication and health brands achieve their commercial goals by building and launching customised digital health solutions, powered by its disease-agnostic, modular, software-as-a-medical-device (SaMD) platform, according to the company website.

PTI report. “Blockades were erected at many places in West Tripura district.

Mirae Asset Mutual Fund, said, “By focusing on three tried and tested pillars of Liquidity, Quality, and Momentum (LQM), this is a first-of-its-kind multi-factor product in the smallcap segment, which will seek to track a robust portfolio of select 100 smallcap stocks from Nifty Smallcap 250 Index, with an endeavour for potentially lower drawdowns. At current market valuations, the investor may invest in a lumpsum manner or through a Systematic Investment Plan (SIP), but with a long-term investment horizon." The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index, subject to tracking error.

By Shubham Batra and Khushi Singh

smartwatch is a thoughtful and practical choice. However, finding a budget-friendly yet impressive smartwatch can be a challenge. Fear not, we've browsed the internet and curated a list of the best smartwatches under ₹2000, perfect for celebrating love without breaking the bank.

Kokborok script issue by students' bodies began on Monday. The Tripura Central University has also suspended all undergraduate and postgraduate examinations scheduled for Monday and onwards, officials said. «Movement on rail tracks, national highways and state highways in tribal regions remained suspended since morning, due to the blockades put up at several locations,» a senior police officer said. «Blockades were erected at many places in West Tripura district. However, normal life was largely unaffected in Agartala Municipal Corporation areas (AMC),» District Magistrate (West Tripura), Visha Kumar, told PTI.

«Maybe we are entering into demand month, so prices may go up a little bit. But it is not going to be that steep increase in this quarter,» says Arun Shukla, President & Director, JK Lakshmi Cement. And surely a very good set of numbers, whether you look at it year on year basis or sequentially. But let us talk about realisations is what I want to start with. Because cement prices, they have started seeing a decline since the month of November. Now, what channel checks are suggesting that cement companies may actually take a bit of a price hike as well? Is that something you would concur with? What is your view on this? Yes, we had a very good set of numbers last quarter and kind of actions which we have taken in the last few quarters, that is getting realised now.

accounts were written. The money was kept in separate paper envelopes, marked as milk, kirana, vegetables, and such. At the start of the month, salary was allocated to these various covers. Everyday accounts were written in the notebook. Mom and dad did not go to sleep before tallying all balances. Despite the daily reinforcement, that habit died with them. None of us kept track of our daily accounts. Maybe we wanted to rebel and be different. Or, perhaps, we were relatively more prosperous and did not have to keep accounts. Or, maybe, it was a bit of both. We were the generation that had positive cash balances in the bank before the next salary arrived. Our parents struggled to pull through the last week of the month. They needed tight control on expenses on an everyday basis. We could relax and care about large-ticket items, and not sweat over small details. However, we were living in denial about our finances, and couldn’t be bothered by the financial crunch that hit us every now and then. Spend when you have the money, stay at home when you don’t, was the overall rule. Those were the days when personal loans and credit cards were not widely available in the retail market. We seemed content with the yoyo state of our household finances, but did not write accounts or make budgets. Many of our friends did not either.

«We expect the market to turn cautious and consolidate in the near term amid key macro data to be announced and the last leg of Q3 results,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

India Meteorological Department (IMD) has predicted a decrease in temperatures with the arrival of rainfall starting in March, Times of India reported. Although the average maximum temperature for February stands at 30.9 degrees Celsius, the city seems to be on track to surpass its all-time record of 35.9 degrees, set back in 2005. Typically, the city should have received 7.1 mm of rainfall in February, but so far, there has been no sign of it.

₹5 crore to the RTDC for operating the Palace of Wheels, along with a share of 18% of the total turnover, the report mentioned. The officials of Palace of Wheels told the English daily that the train has traditionally been serving non-vegetarian food and alcoholic beverages to cater to both foreign and domestic tourists.

While the main event will take place on February 18, Sunday, Daytona 500 will commence on Wednesday, February 14. On Wednesday, February 14, Daytona 500 qualifying will begin at 8.15 pm (ET), as per a report in Autosport.

BSE Sensex logging a marginal weekly decline. However, the broader S&P BSE Smallcap index hit its fresh record high last week at 46,821.39, driven by gains in stocks such as Olectra Greentech, Balaji Telefilms, Jaiprakash Power in the last five days.

India’s ambitious plans to have its own space station by 2035 are progressing on track, said project director of Indian Space Research Organisation’s (ISRO) Chandrayaan-3 mission, P Veeramuthuvel on Saturday.

OpenAI will continue investing in the developer community in India and will hold several developer summits in the country this year, the company’s chief strategy officer, Jason Kwon said on Saturday. “India has the key ingredients of being one of the world's leaders in AI. It has the largest developer community in the world, with some of the most impressive talent in the field, a track record of developing extraordinary technology businesses and a relentless focus on competing on the world stage," said Kwon at the ET Now Global Business Summit in New Delhi.

money flowing into small cap and midcap funds has declined significantly (down 20%). And on the other hand, the fund flows into thematic/sectoral funds have increased dramatically (up over 80%). I am sure you can guess the themes and sectors that are pulling in all the money! Here’s what the Economist has to say on such sectoral/thematic funds: In 2022 Itzhak Ben-David, Francesco Franzoni, Byungwook Kim and Rabih Moussawi, four academics, published research suggesting that thematic equityETFs, which attempt to track a narrow industry or trend, underperform broaderETFs by about a third over the five years after their launch. That is because of a straightforward problem: when thematicETFs get going, the buzz around the investment is already extensive and the underlying assets are already pricey. In effect, while the retail investor may have got one thing right – incrementallyreduce exposure to small and midcaps, she has pivoted to investing in another poor investment idea i.e.

ONGC's numbers in the third quarter on a year-on-year basis. However, the state-owned oil and gas company is expected to have a steady quarter on a sequential basis. Here's what to expect from ONGC's Q3:

The Nifty Small-cap 250 dropped 1.3% and the Nifty Mid-cap 100 declined 0.9%, while the Nifty Public Sector Enterprises (PSEs) index slipped 2.7%. All three indices erased a portion of the losses earlier in the trading session tracking the rebound in the benchmark indices — Sensex and Nifty, which ended 0.3% higher.

In JPMorgan's equity strategy note Friday, analysts said US earnings and sales delivery are «significantly outpacing» that of Europe.