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As a 27-year-old, Bivin Sonthalia already owns three apartments in Kolkata, two funded by him and the third bought jointly with his brother. He didn’t hit a lottery or get a windfall from stock options.

Canara Bank 0.66 per cent to Rs 98.10 at 12:57PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 605,348 shares with a turnover of Rs 5.88 crore till 12:57PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.56, while the price-to-book value ratio stood at 1.27.

Subscribe to enjoy similar stories. India’s GDP growth of 8.2% in 2023-24, amid global headwinds and market volatility, is more than just an economic indicator. It represents our nation’s resilience and readiness for transformation.

Ajay Srivastava, CEO, Dimensions Corporate, says, three segments – appliances, hotels, aviation – will directly see improved consumption. I am not sure capex companies are going to see a major uplift for the simple reason that government spending has to kick in and that is where the bigger problem lies. The government is not spending money for the right reasons like fiscal deficit, etc, So, capex companies will have a little longer winter than the consumer companies. It has been a tumultuous market. Nobody expected the US market to bounce back the way it did. Nobody expected Indian markets to correct the way it has. Where are we headed? Will the entire grind continue? Are we in for a long winter? Ajay Srivastava: Oh, no, not at all. Let us be honest. At the end of the day, when the market goes up, the whole world says it will keep going up. When it starts to go down, the theory is everyone says, you know what, underperformance continues, we will do badly and so on. We got caught and it is strange that people never thought that September would be a bad month in the economic cycle of India, given elections were just finished and the consumption cycle would change from October because that is the festive season. It will reverse itself. You will find earning surprises for this quarter.

Samunnati announced a partnership with Northern Farmers Mega FPO on Monday, aiming to strengthen sustainable farming practices and improve market access for farmers across northern India. The partnership will connect over 50 Farmer Producer Organizations (FPOs) with enhanced access to inputs, technology services, credit, and investment opportunities, it said in a statement. A key initiative under the collaboration focuses on converting paddy straw waste into clean energy alternatives, including compressed biogas and biomass pellets, addressing the region's persistent stubble-burning pollution issues. «This collaboration is a step toward building a sustainable and economically viable ecosystem for farmers,» Chennai-based Samunnati Founder and CEO Anil Kumar SG said.

Subscribe to enjoy similar stories. In October 2024, when the theme surrounding switchgear stocks was just picking up, we wrote about the top companies involved in the industry. We discussed growth prospects of key companies such as HPL Electric & Power Ltd, Voltamp Transformers Ld, among others, and what the future holds in store for them.

Subscribe to enjoy similar stories. MIAMI—The gilded reception at Mar-a-Lago was to celebrate the wedding of Zach Witkoff, a young real estate scion, and his actress wife, Sophi Knight. But that Palm Beach party, in April 2022, was also something else: an extravagant reminder of the distance that the groom’s father, Steven Witkoff, had traveled over his nearly seven decades.

Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day

Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The revenue from operations stood at Rs 5,976 crore, gaining 6% over Rs 5,636 crore posted by the company in the corresponding quarter of the previous financial year.

«We want to know what action government has taken. You will not go below stage 3 without our permission now even if it even if AQI goes below 450 stage four will continue, that's the order we propose to pass. We will hear at the end of the board,» reported Livelaw quoting J Oka to Delhi Counsel. Authorities in India’s capital shut schools, halted construction and banned non-essential trucks from entering the city on Monday after air pollution shot up to its worst level this season.

Subscribe to enjoy similar stories. DEIR BILLA, Lebanon—Christians in this small northern Lebanese village keep a lookout at night for unwanted visitors, asking drivers headed up the hill toward the Shia part of the neighborhood what their purpose is. They have installed cameras and often sit around until 3 a.m.

KL Rahul was seen engaging in heated conversation with Lucknow Super Giants' owner, uncertainty loomed over his future as the team's captain. With announcement of his release during annual retention activity, KL Rahul now remains on hotlist of several franchises as demand for skippers and wicketkeepers persists. A versatile batter for India across all formats. the Bengaluru boy can open, bat in middle-order, anchor and accelerate. A highly-capable wicketkeeper-batter as well. He is India's fourth-highest run-getter in T20Is, scoring 2,265 runs in 72 matches at an average of 37.75, striking at almost 140 with two centuries and 22 fifties to his name.

HDFC Securities has buy a call on KNR Constructions with a target price of Rs 374. The current market price of KNR Constructions is Rs 302.1. KNR Constructions, incorporated in 1995, is a Mid Cap company with a market cap of Rs 8505.94 crore, operating in the Infrastructure sector. KNR Constructions' key products/revenue segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2024.

IMEEC represents a breakthrough in India-Europe trade relations, creating an efficient, streamlined corridor that enhances speed, reduces costs, and increases trade reliability. This project is more than infrastructure; it’s a vision of growth and cooperation that opens up endless possibilities for industries, technology, and innovation between the two continents, connecting the Indo-Pacific and the Mediterranean area, Marco Dreosto is a Senator of the Italian Republic and secretary of the Permanent Commission for Defence and Foreign affairs told ET’s Dipanjan Roy Chaudhury ahead of proposed meeting between the PMs of India and Italy on G20 Summit sidelines. 1. What are prospects of India-Italian partnership in IMEC Historically, Italy and India have been connected for thousands of years; we share an ancient trade heritage that dates back to the Roman Empire, proven by Roman coins discovered in Indian lands. Today, we have the chance to revive and strengthen these bonds through IMEC. The Italian government has repeatedly underscored the strategic importance of this corridor, seeing it as a project that can redefine global trade routes. This isn’t just a trade route; it’s a chance to deepen a partnership rooted in shared history and geared toward a prosperous future.

Brainbees Solutions are expected to be in focus today as the Firstcry operator narrowed its consolidated net loss in the quarter ended September 30, 2024 to Rs 50 crore versus Rs 101 crore in the year ago period. The losses were also down from Rs 57 crore from the previous quarter and attributable to the owners of the company.

«So, this is the time to invest in largecaps to start with as of now, maybe some select midcaps which have delivered very strong numbers where visibility is very strong and hold them possibly expecting maybe some more minor dip, but upside being much more than downside,» says Sandip Sabharwal, asksandipsabharwal.com. The why, hum kyu gire hai we know it. Where are we headed and what should one do? Let us address that. Sandip Sabharwal: Kyu gire hai, kyoki hum bahut chad gaye the isliye.

Laurence Balanco, CLSA, says the upside target for Nifty from the structural moves that we have seen historically for the Nifty is over 37,000 as an ultimate upside target towards the end of this decade. Balanco says there is still further upside and that is why they want to look at opportunities to increase exposure. But they are not seeing the evidence to jump back in. Just over 37,000 is the longer term target for the Nifty in this phase of the bull market off the COVID lows. Which is that one asset class or trade that could be a multi-year short? For example, if someone said they would go short in China, three years ago, that turned out to be the trade of the century. What is that one trade you would say that I would remain short? Laurence Balanco: That is a question without notice. It is off the top of my head on a structural basis. In the near term, the most vulnerable market that we have highlighted has been the Euro Stoxx 600. This market peaked in April, May. This year, there was a dip into the August lows. We had a rally back to those April, May highs where we have stalled out and rolled over. So, it does look like a space that relatively underperforms. And then we have also got this potential double top pattern.

Hero MotoCorp will be in focus today after the company reported 14% growth in its standalone net profit at Rs 1204 crore in the second quarter. Revenue from operations in the reporting period rose 11% YoY to Rs 10463 crore.

Grasim Industries will be in focus in Monday's trade after the company reported a 66% fall in its consolidated net profit at Rs 389 crore in the second quarter. The company earned a revenue of Rs 33,563 crore for Q2FY25, up 11% YoY, driven by strong performance from its diversified business portfolio.

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%.

debt with the funds? It’s essential for Vansh Ahuja to keep up with his student loan payments, ensuring that he meets at least the monthly minimum due to maintain a good credit history for future loan eligibility. Automating these EMI payments and treating them as a mandatory expense will help him stay consistent. He should also consider setting up an emergency fund, which can act as a backup for EMI payments in case of an unexpected job loss. If he doesn’t already have one, he could consider allocating the Rs.4.5 lakh bonus for setting this up.