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HCL Technologies Ltd.(up 1.01 per cent), L&T Technology Services Ltd.(up 0.75 per cent), LTIMindtree Ltd.(up 0.55 per cent), Tata Consultancy Services Ltd.(up 0.43 per cent) and Infosys Ltd.(up 0.41 per cent) were among the top gainers.

EID Parry(India)Ltd.(up 3.78%), KCP Sugar & Industries Corporation Ltd.(up 3.17%), Dwarikesh Sugar Industries Ltd.(up 2.26%), Ugar Sugar Works Ltd.(up 2.06%), Bajaj Hindusthan Sugar Ltd.(up 1.85%), Triveni Engineering & Industries Ltd.(up 1.61%), Ponni Sugars(Erode)Ltd.(up 1.53%), Rajshree Sugars & Chemicals Ltd.(up 1.50%), Mawana Sugars Ltd.(up 1.45%) and Uttam Sugar Mills Ltd.(up 1.41%) were among the top gainers.

GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings in the past the GST council is yet to take a final call on this issue. The issue is likely to be taken up again in the next GST council meeting on December 21. However, the question remains how likely a reduction is and whether it will really benefit the policyholders. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24. It will not be an easy decision to forego such a big source of revenue. Considering this new information and also the public demand for lower GST rates on health and life insurance, a significant rate cut appears a challenging task for government. Moreover, insurance companies are facing a challenge if such a reduction will actually help them in lowering their costs. They want assurances from the government that if the GST rate is lowered, the companies would still be able to claim input tax credit on the insurance policies sold. If the government does not assure this then it will add a cost component for them which is going to increase insurance premiums instead of decreasing.

Cupid Breweries & Distilleries Ltd.(up 57.48%), Banaras Beads(up 16.91%) and Remi Edelstahl(up 15.87%) were among the stocks that surged over 15%.

Canara Bank(up 3.06 per cent), Bank of Baroda(up 2.93 per cent), Punjab National Bank(up 2.18 per cent), IndusInd Bank Ltd.(up 1.97 per cent) and State Bank of India(up 1.83 per cent) were among the top gainers.

Shiv Sena leader Deepak Kesarkar has said the Maharashtra assembly polls were recently fought under the leadership of Eknath Shinde and it is up to the BJP's central leadership to decide how to maintain his stature. The contribution of Shinde, the caretaker chief minister of the state, should be duly recognised, Kesarkar said at a press conference here on Monday. The Mahayuti, comprising the Shiv Sena led by Shinde, BJP and Ajit Pawar's NCP, won 230 out of 288 assembly seats in the November 20 polls, results of which were declared on November 23. The BJP led with 132 seats, while the Shiv Sena got 57 and NCP 41 seats. BJP leader Devendra Fadnavis, two-time former CM, is widely seen as the frontrunner for the top post.

financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 9:21 am, the BSE Sensex was up over 100 points, or 0.14%, at 80,358.73, while the Nifty50 gained 23 points, or 0.10%, trading at 24,299.

Nitin Raheja, Executive Director and Head of Discretionary Equities, Julius Baer Wealth Advisors, says after the Q2 GDP shocker, capex spending which has been just 25% of the budgeted amount should probably come into play over the next two quarters and the industrial pack, the infrastructure companies, the cement companies could start to gain more traction. That could be the contract trade to play because it is very difficult to bring consumption back on stream as fast. What is your view on some of these new exciting themes, green, clean, which will make companies very efficient in terms of energy dependency? Is it good to be in a green & clean theme? Nitin Raheja: The road ahead is going to be good for the kind of investment that is going into green energy and within that in solar and wind. My only concern is the kind of valuations that are currently existing in some of these stocks. Let us not forget that while these businesses are doing well, when you talk about things like solar panels, they are essentially commoditised businesses. Currently, thanks to tariff barriers that have been put in place by the US on China, we are seeing an opportunity for Indian exports. Now, that is good and that means that Indian companies should do well over the next few years.

mutual funds to invest in. They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Best mutual fund SIP portfolios to invest in December 2024

Anand Rathi has an accumulate call on MIC Electronics Ltd. with a target price of Rs 90. The current market price of MIC Electronics Ltd. is Rs 83.53. MIC Electronics, incorporated in 1988, is a Small Cap company with a market cap of Rs 2024.02 crore, operating in Electric /Electronics sector. MIC Electronics' key Products/Revenue Segments include Electronic Components & Equipments, Other Operating Revenue and Job Work for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. Bengaluru-based corporate professional Rohit Bidappa still calls himself a “loyal PC gamer who would never buy a console." After kick-starting his interest in gaming on a peer’s PC in the early 1990s, Bidappa has today been a PC gamer (someone who plays games on a personal computer or PC) for over three decades.

Elon Musk buries hatchet with Apple, lauds Heartstrings ad for AirPods Pro 2 with hearing aid feature — 'This is cool'“For Apple employees, the Apple ecosystem is not a walled garden. It is a prison yard.

“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal, Director — Institutional Equities, PL Capital — Prabhudas Lilladher. In an interview with ETMarkets, Aggarwal said: “We have cut our base case 12-month NIFTY target to 27,381 from 27,867 earlier) and recommend selective buying on dips for long-term gains” Edited excerpts: We have witnessed a volatile November as markets keep moving from bullish and bearish phases. What is your call on markets? Amnish Aggarwal: November has been a rollercoaster for the markets, with the NIFTY down 6% since mid-October, driven by FII outflows, geopolitical uncertainty, and a strong dollar. Inflation, especially food inflation, has also pressured demand, particularly in urban areas, with October CPI at 6.2%.

In a twist, AI itself, from the startup Orbital Materials, is what designed the carbon-filtering substance, its Chief Executive Jonathan Godwin said. «It's like a sponge at the atomic level,» Godwin told Reuters. «Each cavity in that sponge has a specific size opening that interacts well with CO2, that doesn't interact with other things.»

Deepak Shenoy, Founder, Capital Mind, says 2008, or 2013 falls, apart from 2020, were much tougher times than this. While the 2024 crash has been a bad dream, the earlier crashes were nightmares. In 2024, we were down 10%, but we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders. Is the nightmare over or will the nightmare come back again? How should long-term investors look at the last three months? Deepak Shenoy: It is an interesting thing that we call it a nightmare because it has been tough for people who perhaps have not seen steep falls in the index. But overall if you have seen 2008, or 2013, apart from 2020, those were tougher times than this, way tougher. While I would say this is a bad dream, those things would be nightmares. We were down 10%, we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders.

badminton player PV Sindhu. As per reports, she is gearing up to tie the knot on December 22 in Udaipur. The former world champion, who sought victory at the Syed Modi International in Lucknow on Sunday, is preparing to tie the knot with Hyderabad-based Venkata Datta Sai, an Executive Director at Posidex Technologies. In an interview with PTI, the shuttler’s father, PV Ramana shared that the two families knew each other but it was only a month ago that everything was finalised. He further added that this was the only possible window as her schedule would become hectic from January. Hence, the two families decided to have the marriage ceremony on December 22. The reception will be held in Hyderabad on December 24. As per reports, the wedding-related festivities will kickstart on December 20.

C2C Advanced Systems will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 240 in the grey market. Considering the upper price band of Rs 226, the stock is expected to see a maximum listing gain of 90% over the issue price.

Blackstone and Carlyle are competing to acquire a majority stake in Texas-headquartered healthcare BPO Access Healthcare, said people aware of the development. Hillhouse Investment, which narrowly missed out to EQT on a similar US-centric firm GeBBS in September, is also making a strong bid. All these firms are due to submit non-binding offers by the middle of December for a 60-70% stake in the company, valuing it at $1.4-1.5 billion. The quantum of the stake sale is expected to be decided over subsequent rounds of negotiations, said the people cited. Set up in 2012 by Anurag Jain, an Indian-origin serial entrepreneur and venture capitalist, privately held Access Healthcare has 20 global delivery centres in nine cities in India, the Philippines, and the US.

The small business loan program the federal government rolled out during the COVID-19 pandemic wasn’t managed with “due regard for value for money,” auditor general Karen Hogan said Monday.

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

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