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“The market valuation of NIFTY is priced to perfection. The NIFTY is trading at 20.75x FY 25E (P/E) and 22x on a trailing basis,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “However, any surprise in the election outcome like a non-decisive mandate can be negative to the markets,”. Edited excerpts:

When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the following day, they feared the worst.

Gold and silver rates today: Despite the rise in the US dollar rates, gold and silver prices continue flirting with record highs throughout the week on US Fed rate cut buzz. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry climbed to a new peak of ₹70,699 per 10 gm on Friday. Silver rates too climbed to a new peak of ₹81,030 per kg on the last session of the week gone by.

In another demonstration of real-world unintended consequences, a new academic study makes a strong case that when it comes to state-level income taxes, too much can be a bad thing.

It’s no secret that the wealth management industry faces a head count problem driven by a wave of expected retirements of older advisors, a trend that continues to generate discussions and worries within the industry. One of the key strategies that will help ensure the future of financial planning advice is attracting and retaining talent.

₹211 (compared to ₹208 in 3QFY24) driven by robust 7.2 million MBB subscriber addition and improving postpaid subscriber penetration. ‘’Bharti remains our top pick as we expect a structural uptrend in industry ARPU driven by future investment needs – the industry requires an ARPU of ₹275-305 in the next 3-4 years,'' said JM Financials.

Chandrachud said here on Friday. Office-bearers and members of the bar should not forget while reacting to judicial decisions that they are officers of the court and not laypersons, he said. The CJI was speaking at the centenary year celebration of the High Court Bar Association of Nagpur. The judiciary has time and again risen to the occasion to assert its independence and non-partisanship, Justice Chandrachud said.

The XRP price prediction shows a decline, hinting at underlying market hesitations, with the currency struggling below $0.6. On the other hand, the Polkadot (DOT) Network captures Polkadot (DOT) investors’ interest with its significant growth, becoming a beacon of innovation. 

Marico said FMCG demand sentiment stayed consistent vis-à-vis the preceding quarters with trends in urban and rural consumption largely converging. The company is anticipating a “slight uptick" in volumes in its fourth quarter India business. In the December quarter, Marico had reported a 2% jump in quarterly volumes in India.

The highly anticipated fourth Bitcoin halving event is fast approaching, expected to occur around April 19, 2024.

Kalyan Jewellers on Friday reported 34 per cent increase in consolidated revenue for the quarter ended March and a 31 per cent growth in the entire 2023-24 fiscal driven by better demand despite rise in gold prices. The company did not provide the actual revenue figures reported for the fourth quarter and entire FY24. Kochi-based Kalyan Jewellers, which has 253 showrooms across India and the Middle East, had posted a revenue of nearly Rs 3,400 crore during the fourth quarter of the last fiscal, and Rs 14,109.33 crore revenue for the entire 2022-23.

option to pay through UPI transactions. It is hard to believe, but this is what happened to a commuter traveling to Chennai. The auto driver had strict rules pasted inside his auto: «Gpay not available. No stop for ATM withdrawal.» A user, identified as No Context Suveeshared her experience on X (formerly Twitter). She posted a picture of the auto's interior with the message displayed, «Gpay not available. No stop for ATM withdrawal.» Alongside the image, she captioned it, «It was nice knowing y'all.» The Unified Payments Interface (UPI), facilitating instant money transfers via mobile devices, has emerged as the fastest-growing payment mode in India. Since its introduction, digital transactions in the country have witnessed exponential growth.

Lok Sabha elections, it appears that the country's youngest eligible voters are displaying a concerning lack of interest in participating in the democratic process. Recent data reveals that fewer than 40% of 18- and 19-year-olds across the nation have registered to vote, with certain states like Bihar, Delhi, and Uttar Pradesh recording enrollment rates of less than a quarter, a TOI report stated. According to statistics released by the Election Commission after the announcement of poll dates, only a little over 1.8 crore new voters in the 18- and 19-year-old bracket have been included in the electoral rolls. This figure is considerably lower than the projected population size of this demographic, which stands at just under 4.9 crore. In essence, merely 38% of these first-time voters have successfully registered. Although there is a possibility of this number increasing as various stakeholders intensify their efforts to encourage registration, the current scenario raises questions about the extent to which such initiatives can effectively address the issue. Telangana emerges as a notable exception, with over 8 lakh 18- and 19-year-olds enrolled to vote, constituting approximately 66.7% of its projected population within this age group. Conversely, Bihar, known for its youthful population, reports dismal figures, with only 9.3 lakh enrolled out of a potential 54 lakh (17%). Similar trends are observed in other states like Delhi, Uttar Pradesh, and Maharashtra, where enrollment rates remain notably low.

Encouraging the audience of payments professionals and executive bankers to think differently, Birch will take to the stage – as many have done before him – to provide insight into the economic and political ramifications of the move towards digital money.

Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. The central bank left policy rates unchanged and also retained its stance of focussing on withdrawal of accommodation. The Nifty 50 ended flat at 22513.70 points, and on daily charts, it’s suggesting that the index is consolidating after a sharp run-up, which is a healthy sign.

Plastic Export Promotion Council (Plexconcil) recently published an in-depth report that thoroughly analyses India's plastic export trends for February 2024. Drawing upon data from the Ministry of Commerce & Industry, Government of India, the study reveals that India reported its highest-ever monthly export of made-up fishing nets during February 2024. The cumulative value of merchandise exports during April 2023 – February 2024 was $395 billion as against $409.1 billion during the same period last year, reflecting a decline of 3.5%. Overview of Overall Plastic Exports In February 2024, India exported plastics worth $997 million, an increase of 14.3% from $872 million in February 2023. The cumulative value of plastics exports during April 2023 – February 2024 was $10,433 million, as against $10,911 million during the same period last year, registering a decline of 4.4%.

Sanofi on Friday said it has obtained approval for IMOVAX-Polio, an alternative injectable vaccine, to replace the Inactivated Polio Vaccine (IPV) ShanIP in India. IMOVAX-Polio is an alternative IPV vaccine that has been used in more than 100 countries for over 40 years, a Sanofi India spokesperson told PTI. The vaccine has the same composition/formulation as ShanIPV, the spokesperson added. «We wish to assure all stakeholders that there will be no shortage of IPV vaccines in India on our account, towards safeguarding the nation's status of remaining polio-free. We remain fully committed to fulfilling our public health mission in India,» the spokesperson noted.

In the wake of Bitcoin (BTC/USD) rebounding from a crucial $65,000 support level, the market is buzzing with speculation about its next move.

The fascination with meme coins within the Solana ecosystem, particularly those with animal themes, continues to captivate crypto investors.

With a current price of $0.173 and a nearly 4% decline in the last 24 hours, Dogecoin’s trading volume stands at $2 billion, solidifying its position at #8 on CoinMarketCap.

RBI monetary policy 2024: In its first bi-monthly committee meeting for FY24–25, the Reserve Bank of India (RBI) maintained the real GDP growth forecast for the current fiscal year at 7%. The GDP growth target for Q1 FY25 was adjusted to 7.1% from the previous 7.2%, while for Q2 FY25, it was revised to 6.9%, up from the previous forecast of 6.8%. The growth rate for Q3 FY24 remains unchanged at 7% from previous forecasts.