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mutual funds have turned Rs 10,000 monthly SIP to more than Rs 2 crore in the last 25 years. Only these three value and contra funds have completed 25 years in the market. SBI Contra Fund, the oldest and the largest contra fund, turned Rs 10,000 monthly SIP to Rs 7.15 crore in the last 25 years. The scheme gave an XIRR of 20.83% in the same period.

HDFC Bank, Reliance Industries, and IT stocks. The BSE Sensex was trading 475 points, or 0.59%, higher at 81,700. The Nifty50 was up 102 points, or 0.41%, trading at 24,955 around 9:18 am.

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

Swadesh Chatterjee has said the community is hesitant to vote for Vice President Kamala Harris in the November 5 election as she has not developed a base among them in her previous roles as Senator or the Attorney General of California. A Padma Bhushan awardee of 2001, the Democratic community has created the "Indian Americans for Harris" group and has been campaigning for her not only in the state of North Carolina, where he is based, but is also organising support for the vice president in other battleground states. While accepting that the community is hesitant to vote for her overwhelmingly because they do not know her well, Chatterjee said that Harris, as the Attorney General of California, did not build up an Indian American base and was not a part of any community meetings or any of their events as a Senator. «She did not have that kind of base though she is of Indian origin,» he told PTI in an interview.

IT services company Tech Mahindra are likely to remain in focus today after the company reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

Nischal Maheshwari, Market Expert, says BFSI accounts for more than 50% of revenues for most of the IT companies. If BFSI starts turning around, it is really good for the IT sector. Also, interest rates cuts have started happening in the US and that is where the discretionary spend should also start going up. So, hold on to your IT stocks. At every dip, IT is a buy. On the other hand, RBI has given a clear hint to NBFCs to go slow on the growth part. It is best to avoid all the NBFCs for the moment. What are you making of this extremely volatile market and complete disconnect from what the Western markets are doing – both Europe as well as the US? Nischal Maheshwari: Some amount of profit-taking is happening in India. Yes, it is a bit of a disconnect. If you compare this, it has been a very solid market as far as the US is concerned and even in Southeast Asia. But here we are seeing some amount of profit-taking, some amount of disappointment as far as earnings are concerned in the current quarter.

Bajaj Housing Finance will be in focus today as the company will earnings for the second quarter ended September 2024. In the run up to the results, the shares of Housing have been muted, falling nearly 4%. While there are no estimates of the recently debuted company, it reported that the assets under management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% increase compared to Rs 81,215 crore in the same quarter last year.

Kotak Mahindra Bank are likely to remain in focus today after the company on Saturday reported a 5% year-on-year (YoY) rise in its standalone profit after tax (PAT) for the quarter ended September 2024 to Rs 3,344 crore. The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

Jio Financial Services are expected to remain in Focus on Monday following company's Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

Subscribe to enjoy similar stories. Artificial intelligence is our economy’s next productivity power pack. It better be—OpenAI just raised $6.6 billion, the largest venture-capital funding of all time, at a $157 billion valuation.

Subscribe to enjoy similar stories. ATLANTA—Democrat Kamala Harris is courting a narrow slice of undecided, GOP-leaning voters while trying to turn out her party’s base in the final stretch of the presidential campaign, as Republican Donald Trump doubles down on his strongest supporters with off-script moments that have threatened to overshadow his closing arguments. People close to the campaigns believe the race is still too close to call a clear leader, with early voting under way.

Subscribe to enjoy similar stories. Puneet Singh, 38, a former sales professional at a Mumbai-based e-commerce company, quit his job three months ago. As someone who had always harboured entrepreneurial dreams, it seemed the right time to level up.

Subscribe to enjoy similar stories. THE FIRST THING Tim Cook does when he wakes up is check his iPhone. It’s sitting atop his nightstand in silent mode when the chief executive officer of Apple, the most valuable company in the history of the world, reaches for his device and starts triaging his inbox.

Subscribe to enjoy similar stories. For all the excitement around the biggest initial public offering (IPO) in Indian history, the public response to Hyundai’s share sale was underwhelming to say the least.

Subscribe to enjoy similar stories. The question is simple: Who is going to win in November? The answer is complex, because it derives from a mix of many different trends and campaign efforts that must come together to produce a single result. At this point Donald Trump has an edge, but that edge could easily disappear.

Uncertain Smile' by The The is a song that captivates by its sheer coolness. Released first in 1982 as a single, and then re-recorded in 1983 for the album Soul Mining, this track gets you from the very first note. Its distinctive keyboard riff creates a sense of intrigue and anticipation, like a Raymond Chandler novel that's gone even more ironic. Matt Johnson's vocals, distinct and almost served up on a plate, add a layer of sincerity that draws you into the narrative of uncertainty and yearning. The lyrics — 'I've got you under my skin where the rain can't get in/ But if the sweat pours out,/ Just shout/

Many Cubans are waiting in anguish as electricity on much of the island has yet to be totally restored days after a blackout

The defense ministers of Japan, the U.K. and Italy have agreed to accelerate the joint development of a next-generation fighter jet

Subscribe to enjoy similar stories. The annual festival season that typically sees a scramble for gold may see a fall in demand this time, the first in four years, as runaway prices put the yellow metal out of reach for many Indians. Gold price nearing ₹80,000 per 10 gm has curbed new purchases and turned customers to exchanging old ornaments in the December quarter, jewellers said, a time when festivals and weddings spark gold purchases.

Harris and Donald Trump invited star power to the campaign trail Saturday, as they took shots at each other's endurance and urged early voting in battleground states key to the ever-tightening US presidential race. At rallies in Detroit and Atlanta Harris brought out pop stars Lizzo and Usher respectively to warm up her crowds, while painting her rival Trump as exhausted and unhinged. The Republican running for a second go in the White House countered those accusations with a marathon speech in Pennsylvania, as billionaire Elon Musk campaigned for him elsewhere in the state.