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yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro.

Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighborhood of India’s largest metropolis humming throughout the day. But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. A Bloomberg News analysis of data compiled by trade-tracking firms ImportGenius and NBD shows that Shreya exported 1,111 units of Dell Technologies Inc.’s most-advanced servers to Russia in April-August of this year.

Subscribe to enjoy similar stories. Equity markets could continue their downtrend, interspersed with a bounce, until after the US presidential elections on 5 November, market experts said.

Subscribe to enjoy similar stories. Investors should keep in mind that they have essentially borrowed some returns from the future, and that is the reality, said Vetri Subramaniam, chief investment officer at UTI Asset Management Company. Moreover, expecting to achieve returns that exceed earnings growth from the starting point is a risky assumption.

Subscribe to enjoy similar stories. Over the past decade, if there’s one word that has become synonymous with business, it’s “renewables". Every major corporation, big or small, is rushing to claim its share of the green energy pie.

foreign portfolio investors (FPIs) betting on India, have asked the Reserve Bank of India (RBI) to consider a tweak in the rule to facilitate same-day settlement of stock trades, better known as T-plus-zero (or, T+0). They want the banking regulator to enable FPIs to have a mechanism where funds can be organised from banks during the day to buy shares and squared off in evening-an arrangement that would be handy once the shorter settlement cycle of T+0 is extended for institutional trades. In the T+0 cycle, the buyer gets the shares and the seller receives the money on the same day the trade happens. Indications are that the market regulator Securities & Exchange Board of India (Sebi), wants custodian institutions to be ready for T+0 settlement for FPI and other institutional trades by end December or early January as the Sebi chairperson is believed to be keen on executing this before her term ends in February 2025, two industry persons told ET.

Amritpal Singh, for their involvement in illegal arms smuggling, drug trafficking, extortion, and other criminal activities. Revealing the details, the Commissioner of Police stated that this racket had been operational in the state and was planning a major action to disrupt law and order. The four individuals have been identified as Lakhwinder Singh from Haibowal village, Garhshankar Police Station, Hoshiarpur; Gurbhej Singh from Gudara village, Bajakhana Police Station, Ferozepur; Satinder Singh (alias Kala) from Palahi village, Mehtiana Police Station, Hoshiarpur; and Bharat (alias Bhau) from Barar Mohalla, Patti, Tarn Taran.

The NSE Nifty 50 declined 2.7% for the week, while the BSE Sensex fell 2.2%, recording losses for the fourth consecutive week. All sectoral indices logged weekly losses, with small-caps and mid-caps falling 6.5% and 5.8%, respectively.

Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and funds and holding on to them.

Amit Shah said on Sunday that infiltration at Indo-Bangladesh border will stop completely if BJP comes to power in the state in 2026. Lashing out at the Trinamool Congress-led government over corruption, Shah said the funds sent by the Modi government are routed to corrupt Trinamool leaders. “Mamata Didi talks about injustice in MGNREGA. You (Mamata) were part of UPA. But now in the NDA regime, Modi, in the last ten years, has sent Rs 56,000crore for NREGA. When Modi sends money, it goes to corrupt TMC leaders. Where does this money go? Did the money go to people or Trinamool Congress.” Shah hit out at INDIA Alliance as well during his speech. He also assured that “Achhe Din” will come to Bengal after counting of 2026 assembly polls is completed and BJP comes to power. “Peace will come once infiltration stops. Partnership with neighbouring countries like Nepal, Bangladesh, Myanmar in terms of business and cultural aspects will be enhanced. In terms of progress, several initiatives can be possible,” Shah said as he inaugurated the Passenger Terminal Building and Maitri Dwar at Land Port in Bengal's Petrapole today.

ICICI Bank, the country's second largest non-state lender, on Saturday posted a better-than-expected 14.5% increase in second-quarter net profit, boosted by higher core income. The Mumbai-based bank reported a net profit of ₹11,746 crore for the quarter ended September 30, compared with ₹10,261 crore a year earlier and the average estimate of ₹10,952 crore by analysts tracked by Bloomberg.

On Friday, Nifty closed at 24,180.80, lower by 218.60 points or 0.9%.

Amit Shah arrived in West Bengal late Saturday night, where he will be inaugurating the party's 'Sadasyata Abhiyan' in the state. Shah was welcomed by BJP leaders Suvendu Adhikari and Sukanta Majumdar. Earlier, BJP leader Agnimitra Paul informed that Amit Shah will inaugurate the party's membership drive in West Bengal which has been going on across the country on Sunday.

Pedro Sanchez will begin a three-day official visit to India on Sunday-the first by a Spanish head of government in 18 years-which officials said will focus on defence industry partnership and cooperation in infrastructure and the Mediterranean region. Sanchez will land in Vadodara within 24 hours of German chancellor Olaf Scholz's departure from India, making it a back-to-back meeting with two European heads of government for Prime Minister Narendra Modi. In Vadodara, Sanchez and Modi will inaugurate the Tata Advanced Systems Ltd's (TASL's) final assembly line facility for the C295 aircraft on Monday, according to officials.

Subscribe to enjoy similar stories. Tesla has had a special relationship with China allowing it to do things in the country that have been the envy of other U.S. automakers.

Subscribe to enjoy similar stories. Investors have been keenly awaiting ICICI Bank's September quarter results to analyse the impact of higher deposit rates on the bank's key operational parameters, including net interest margin (NIM), loan growth, and non-performing assets. They have been rather bullish on the bank going into the earnings season.

Evolv is warning its shareholders to no longer rely on recent financial statements, as the security technology company investigates employee misconduct related to “certain sales.”

Manish Chokhani of Enam Group says he doesn’t think he can call the entire market a bubble. “Like I said, if the top 40 companies are not trading at excessively crazy valuations, it is certainly there in pockets like we discovered defence, railways, PSUs, in capital goods, lot of multinationals to an extent where every multinational owner of the business across the world has come and sold in India. In the last six months alone $15 billion has gone back to promoters and private equity investors.”

Dhanteras to be an auspicious day for buying silver and gold. This time, Dhanteras is on October 29, 2024, i.e. on Tuesday. If you are planning to buy gold or silver from your local jewellery store on Dhanteras, be prepared to stand in long queues for hours. One quick way to avoid all hassle is to shop online. If you are worried about buying high-value items online or the authenticity of a seller, stick to reputed stores like MMTC-PAMP, Tanishq, Malabar Gold & Diamonds. MMTC-PAMP is a joint venture between the Government of India-owned Metals and Minerals Trading Corporation of India (MMTC) and Switzerland-based gold refining company, Produits Artistiques Métaux Précieux (PAMP).

financial markets have delivered impressive returns, rewarding investors handsomely. Even portfolios that underperformed compared to benchmarks like the Sensex or Nifty likely still outpaced other asset classes. Indian stock markets posted strong gains, with Nifty 50 and Sensex delivering 11-12% annualized returns over 5 years and 15-16% over 3 years. Mid-cap and small-cap indices outperformed, offering 12-20% returns. Real estate showed moderate growth, with residential properties yielding 3-6% and commercial real estate 8-12%. Gold surged, providing 8-12% returns, while debt instruments and fixed deposits offered lower but stable returns of 4-7%. Equities clearly outperformed. But as we celebrate these gains, Diwali 2024 brings with it an important reminder: the need to re-evaluate and refresh our investment portfolios. No matter how successful the past has been, the spirit of Diwali encourages us to let go of the old, stale, and non-performing elements—making room for a fresh start.

foreign investors, leading to market declines. The Nifty and Sensex dropped by 2.7% and 2.2%, while mid and small-cap stocks took a harder hit, falling 5.2% and 7.4%. Overall, main indices have slipped around 8% from recent highs. Market experts believe that persistent foreign selling and limited domestic triggers may continue to weigh on market sentiment in the near term.