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cricket team a “team".The former South African cricketer, now the coach of Babar Azam’s squad, coached India during the Men in Blue’s successful ODI World Cup campaign in 2011. Harbhajan was a part of that champion team, led by MS Dhoni.Singh called Kirsten “one of the rare gems, a great coach, mentor and honest" and said he was a “special man". According to the Turbanator, Kirsten is a “very dear friend" to all members of India’s World Cup 2011 team.Harbhajan’s comments come at a time when the Board of Control for Cricket in India (BCCI) is looking for someone to replace Rahul Dravid as India’s Head Coach.

ICICI Lombard General Insurance Company with a target price of Rs 2100. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1730.1. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 364179.85 Crore) operating in Auto sector.

Macrotech Developers with a target price of Rs 1770. The current market price of Macrotech Developers is Rs 1556.25. Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

Mahindra Financial Services Ltd. is Rs 297. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36936.17 Crore) operating in NBFC sector.

Balrampur Chini Mills, GMR Airports Infrastructure, Hindustan Copper, India Cements, SAIL, and Sun TV Network. Balrampur Chini Mills managed to come out of the ban on Friday; however, it has reentered the ban list for Tuesday.

Japan's Nikkei share average rebounded and gained 1% on Tuesday, as investors bought back stocks following the index's sharp loss in the previous session. The Nikkei was up 1.05% to 38,504.11 by the midday break. The index ended 1.8% lower on Monday, slipping below the psychologically key 38,000 level for the first time this month.

Extended valuations in some sectors like railways, defence, renewables and other capex driven plays could be at risk especially if any delay in execution and resultant earnings disappointments, says Krishnan VR, Chief of Quantitative Research team at Marcellus Investment Managers. Edited excerpts from a chat: Take us through the performance of MeritorQ PMS in May. What worked? The portfolio was up 1.7% in May compared to 0.8% for the benchmark BSE 500 total return index. Because many portfolio companies reported their fourth quarter (and full year) results last month, the performance was partly driven by positive earnings surprises. Performance was fairly broad-based with roughly half of the portfolio stocks outperforming the benchmark. Our analysis also shows that MeritorQ’s strategy of buying undervalued yet fundamentally strong companies, typically delivers positive excess returns around earnings dates, because the relative mispricing has higher chance of correcting as new positive information is released at earnings announcement.

SIPs is currently at 9.2 crores. This is now almost 20% of the industry AUM. So, the culture of investing systematically and holding on such assets is well on its way,” says Hitesh Thakkar, Acting Chief Executive Officer, ITI Mutual Fund. In an interview with ETMarkets, Thakkar said: “Markets may likely continue to remain robust over the long run. More importantly the India story will play in the long term,” Edited excerpts: Equity flows almost doubled in May 2024. What could have led to the rise in the flows? Net equity inflows increased 83% to Rs 34,697 crore last month against Rs 18,917.1 crore in April, according to the data released by the Association of Mutual Funds in India on Monday.

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Investors looking for safer bets on Dalal Street could consider HDFC Bank but they would be better off putting money in the stock in installments over the next few months. This is because the stock, despite cheaper valuations compared to its historical levels, could linger at these levels in the absence of visible triggers, said analysts. «Investors looking for quality and safety of margin when markets are at all-time highs could park funds in the stock as the long-term outlook is bullish for the stock,» said Rajesh Palviya, senior vice president research — technical & derivatives, Axis Securities.

bond traders have suffered spent nights over the past year amid wild swings in US rate expectations, but India's sovereign debt players have bonded with bonds on fears of missing out after Mint Road sought to decelerate the rate-increase drive, while JPMorgan gave local debt the recognition it deserves through its inclusion on a globally tracked gauge. In 2023, the value of total monthly trades in Indian government securities averaged ₹8.6 lakh crore, 40% higher than ₹ 6.2 lakh crore in the previous month, Clearing Corporation of India (CCIL) data showed. The uptick has continued in the current year, with the value of monthly trades from January to April at ₹8.7 lakh crore, the data — which counts April as the latest month — showed.

demerger process of Quess Corp, aimed at unlocking value at India's biggest third-party supplier of private-sector staffing needs, is likely to be completed in up to a year. The company may soon file an application with the National Company Law Tribunal (NCLT), Ajit Isaac, its chairman, told ET. «Re-rating of its businesses is one of the reasons for the demerger due to a simplified structure, as it allows each of these companies to focus better by providing greater capital allocation flexibility, improved market position, and other benefits,» Isaac said.

semiconductors and critical minerals during the meeting of the India-US initiative on Critical and Emerging Technology (iCET), led by Indian National Security Adviser Ajit Doval and his US counterpart Jake Sullivan in New Delhi. India and the US Monday launched a new strategic semiconductors partnership to co-develop semiconductor design and manufacturing processes for precision-guided ammunition. «Launching a new strategic semiconductor partnership between General Atomics and 3rdiTech to co-develop semiconductor design and manufacturing for precision-guided ammunition and other national security-focused electronics platforms,» read the fact sheet issued by the US and India.

Sensex rose 181.87 points to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, for Eid ul-Adha 2024.

Tata Consultancy Services: TCS announced that it has received an adverse judgment from the United States District Court, Northern District of Texas, Dallas Division. The court ruled that TCS is liable for a total of $194.2 million, which includes $56,151,583 in compensatory damages, $112,303,166 in exemplary damages, and $25,773,576.60 in prejudgment interest.

Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.

NEW DELHI : New Delhi: Online gaming companies hoping for relief from the GST Council on retrospective taxes adding up to ₹1.12 trillion may have to wait longer. The federal indirect tax body is unlikely to consider the industry’s plea during its meeting on Saturday, according to two officials informed about the council’s plans. Companies with games involving real money have been treading a tightrope after authorities last year issued 71 notices for evasion of good and services tax for the period prior to 1 October, when a 28% GST rate was specifically prescribed on the full value of deposits made by players.

₹50,000-60,000 crore, the two people said. LIC, India’s biggest insurer and the largest investor in its stock market, owns assets worth over ₹51 trillion. “For the formal asset sale process, a fresh valuation work for the LIC-owned buildings may be carried out," said the second person.