Wellness Financial News

The stock markets have been volatile, with benchmark indices down as much as 10% from their recent highs. The correction comes amid a record selloff by foreign investors, downgrades to corporate earnings, and slower economic growth.

A value strategy means investing in undervalued companies with strong fundamentals that are trading below their intrinsic value and are out of favour from a price perspective. The expectation is that, eventually, these companies will show a strong upward price movement. 

Subscribe to enjoy similar stories. Freshly cooked, piping hot fish and chips, sprinkled with salt and soused with vinegar, wrapped in paper and eaten out-of-doors on a cold and wintry day. Could there be anything more quintessentially British than fish and chips? The British love what Winston Churchill called “the good companions".

Subscribe to enjoy similar stories. It’s time for riddles at IIT campus placements! Here goes: There are X number of people standing in a circle. The first one kills three, the second one kills four and so on.

income tax department making errors in processing income tax returns (ITR). The Karnataka State Chartered Accountants Association (KSCAA) has sent a representation to the CBDT in this regard. KSCAA's representation says that the CPC has erred in considering the due date for filing ITR and has imposed penalties even for those who filed ITR well within the deadline. A chartered accountant, who did not want to be named, also said that her own firm as well as the firm's clients got slapped with the penalty for late filing of ITR even though it was filed on time.

With the winter session of Parliament underway, Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), which prohibits assembly of five or more people, is in force in the central part of Delhi, the officer said. In Agartala, thousands of people took out a massive demonstration near the Bangladeshi mission on Monday against the arrest of Hindu monk Chinmoy Krishna Das as well as attacks on the Hindu community in Bangladesh.

buy call on Allied Blenders & Distillers Ltd. with a target price of Rs 400. The current market price of Allied Blenders & Distillers Ltd. is Rs 335.8. Investment Rationale Allied Blenders and Distillers (ABD) is well positioned to capture premiumisation trend in alco-beverages industry via new product launches in P&A segment (ICONiQ White Whisky to double its volume YoY in FY25; launches in premium and luxury segments to drive realisation growth). Further, it has plans to drive profitable growth in Officer?s Choice Whisky by focus on improving state brand mix. Additionally, backward integration towards own ENA manufacturing, premiumisation and operating leverage may drive operating margin expansion (~170bps over FY25-27E). ICICI Securities' model revenue / EBITDA CAGR of 10%/30% over FY24-27E. Initiate coverage with BUY with a DCF-based target price of Rs 400. Key risks: (1) Potential ban or regulatory change in key states and (2) failure in scale-up of Prestige & Above (P&A) segment.

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.

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.

Direct-to-consumer brands and ecommerce marketplaces are estimated to have recorded a 17-18% increase in order volumes during this year's Black Friday weekend compared to last year. Beauty, wellness and personal care products, and home decor were the most popular categories during the sale, according to ecommerce enablement platform Unicommerce. The gross merchandise value (GMV) — the value of goods sold on ecommerce platforms, excluding discounts and returns — rose more than 24% from a year earlier. The surge in sales was fuelled by the global excitement around Thanksgiving and the Christmas season, bringing the year's ecommerce sale events to a close. The sale event also saw a sharp rise in average order value (AoV), particularly for pricier items, similar to what was observed during the Diwali festive sales, said several brand executives.

Jennifer Lopez and Ben Affleck are currently undergoing a tough divorce proceeding and although it looks like this rough patch may take a toll on both of them and their family, insider reports suggest that Lopez has a strong affinity for Ben and the children, and they may be spending the holiday season together, and in good spirits. Lopez and Affleck are trying hard to not let their divorce proceedings hurt their children, and in this light, they are reportedly planning a unified holiday season this December and Jan, and reports are also suggesting that tables could be set for Affleck and his ex-wife Jennifer Garner's children as well, who are also an avid part of the Affleck-Lopez family. Affleck and Garner were seen together recently in a charity event, where their kids were also seen assisting them during the activities. Lopez may be thinking along the same lines and trying to do something special for all the young guns in the family. Lopez is always generous when it comes to holiday season, and that has certainly not gone unnoticed by Affleck. Reports claim that whenever holiday season is in question, Lopez simply goes all out, with extravagant presents, home-cooked meals, and much more, for not only Ben, but his children and the whole bunch of family members. Looking at these latest developments, it looks like the recent divorcees will spend their holiday in a rather amicable manner.

Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership

Priyanka Gandhi Vadra on Tuesday sat in a front row seat of the Opposition benches, right next to her brother Rahul Gandhi, who is the leader of the Opposition. The siblings were sitting together, chatting and looking at the Congress MPs, who were raising slogans from the Well when the Lok Sabha reassembled at 12 noon after the first adjournment at 11 am.

Online payments major PhonePe has informed its merchants that its payments solutions will be offered to them through direct integrations, therebystopping all third-party partnerships with payment aggregators like SoftBank-backed Juspay. In a communication sent out to merchants, a copy of which was seen by ET, PhonePe said that it sees third party payment players receiving a payment aggregator licence (PA) of their own as a conflict of interest. This is a significant development in the merchant payments business where players like Juspay, which facilitates merchants to work with multiple payment gateways, might face loss of business. Juspay recently bagged the final approval from the Reserve Bank of India for a PA licence. What does this mean and what could be the potential impact of this move? ET explains.

Subscribe to enjoy similar stories. In the race to become a national brand, Puravankara Ltd, a Bengaluru-based real estate company, will set aside up to ₹2,000 crore for acquiring land in the next 12 months. The group plans to triple its land bank to about 45 million square feet from the current 15 msf of net developable area in the next three years.

Future Consumer Ltd.(up 3.71%), Patanjali Foods Ltd.(up 2.92%), Parag Milk Foods Ltd.(up 2.53%), Varun Beverages Ltd.(up 1.78%), Dangee Dums Ltd.(up 1.70%), ADF Foods Ltd.(up 1.66%), Zydus Wellness Ltd.(up 1.57%), JHS Svendgaard Laboratories Ltd.(up 1.42%), Hatsun Agro Products Ltd.(up 1.20%) and LT Foods Ltd.(up 1.19%) stood among the top gainers.

Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says India-first novel approaches are needed. If e-commerce can be integrated into gaming, that can deliver relevant opportunities for shoppers to buy what they want while they are engaging with the games, that could lead to a very interesting and new monetisation model. With the whole India stack opportunity emerging with platforms like ONDC, a lot of initiatives can be taken for such innovations. It is a concept now. Nazara is starting to deploy it in the Q4 of FY25, which is Jan to March and they will see how that pans out over the next year. The latest acquisition that you have made is Trinity Gaming. It cost just around Rs 24 crore. What is the acquisition strategy going forward? Have you earmarked a certain amount that you are looking at deploying, and certain capabilities that you are looking at adding? Nitish Mittersain: It is important to understand that Nazara operates the M&A flywheel at two levels. One is what the parent entity does, which is areas that we want to enter. But also, many of our subsidiaries are cashflow generating companies, accumulating cash, many of these are asset-light businesses which do not require to deploy a lot of cash for organic growth and therefore, we help our subsidiaries also learn our M&A playbook and help them deploy.

Fiorentina midfielder Edoardo Bove is in a medically induced coma after collapsing on the field during his team’s Serie A match at home to Inter Milan on Sunday, with the game abandoned shortly afterward.Bove’s teammates immediately called for medical help and both sets of players surrounded the 22-year-old while he was being treated before he was swiftly stretchered off to an ambulance near the pitch and taken to Careggi Hospital in Florence.“Fiorentina and the Careggi University Hospital announce that the footballer Edoardo Bove … is currently under pharmacological sedation and hospitalized in intensive care,” Fiorentina said in a statement.“The first cardiological and neurological tests performed have ruled out acute damage to the central nervous system and the cardio-respiratory system.

Prateek Agrawal, MD & CEO, Motilal Oswal AMC, says if we see more drops this month, it’s likely we’ll witness a bottom formation. There’s some positive news to highlight. The GST collection figures were solid. Although the GDP data for Q2 didn’t meet expectations, it’s clear that mining and electricity were the two sectors that dragged it down. The slower growth in those areas was mainly due to improved monsoon conditions. As we move into Q3, we can expect to see better numbers. There’s definitely a sense of optimism around. It has been quite a yo-yo kind of a market. The excesses in the market are over, is it time now to start buying the fear and volatility? Prateek Agrawal: That has been our thought for some time now. Typically, we have seen that a 5% to 6% kind of a correction is a good correction. And buying comes in. This time around, we saw intense selling in the month of October. November saw a reduction. Now, if this month sees further reduction, chances are good that the bottom formation that we are talking about happens. There is some data to cheer about. The GST collection data was good. While the GDP data for Q2 was lower than expected, very clearly there were two spaces which pulled it down, mining and electricity.

Subscribe to enjoy similar stories. India, the third largest electricity producer, is gradually shifting to renewable sources of energy to meet its rising power demand. The country's installed solar power capacity stands at 92.19 gigawatts (GW), a 35x growth since 2014, according to the data as of October 2024.

Subscribe to enjoy similar stories. Poll managers in the BJP must be heaving a sigh of relief: the underwhelming gross domestic product (GDP) data for the July-September 2024 quarter has been released well after the Maharashtra assembly polls were done and dusted. Logging disappointing year-on-year growth of 5.4%, the GDP data print for the second quarter of 2024-25 is not only much below consensus estimates from leading economists and analysts, but also offers a contrast from the economic narrative presented by top bureaucrats and economic administrators.