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President-elect Donald Trump nominates Key Square founder Scott Bessent as his pick for Treasury secretary.

Subscribe to enjoy similar stories. Crompton Greaves Consumer Electricals Ltd’s shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.

Ankur Rudra of JPMorgan says on a broad-based basis, we do not have the visibility that industry growth is going to double digits yet and hence, as we go towards the end of FY25, we may not have the momentum we need for FY26 to be a double-digit growth year. More specific sectors are doing well. Some sub-segments like financial services, maybe parts of high-tech are doing well. Some of the midcaps are doing well but broad-based recovery is still elusive. If there is any kind of macro impact, that is the main sort of headwind to watch out for. A lot of questions are being raised about whether Indian IT services can catch up with the AI boom or whether services providers will manage to beat the product manufacturers dominant in the US? What is your view? Ankur Rudra: On the AI side of the equation, it is useful to take a step back and remember that tech services companies effectively tend to implement a lot of the new technology that comes by. At the moment, it is AI, before this was cloud. So, to implement AI at an enterprise level, most large enterprises will need IT services companies to help them with doing that to integrate IT and AI into their processes. I think there will be a role for them.

Subscribe to enjoy similar stories. SUMY , UKRAINE : In Russia’s Kursk region just north of here, Russian assaults are so intense that their infantrymen sometimes step on the bodies of fallen comrades, according to Ukrainian soldiers opposing them there. Russian glide bombs weighing one ton crash onto Ukrainian supply roads.

Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA's victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. PSU stocks and those linked to the capex theme were the biggest gainers in Monday's session and rallied up to 11% with PSU rail stock RITES leading the charge. PSU bank stocks, led by the Central Bank, surged up to 8% while construction stocks like J.Kumar Infraprojects shot up to 16% during the day.

Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that investors would come back and India will always have some premium. One cannot compare other countries with a lower capital efficiency. India’s capital efficiency has been better, growth prospects have been better and the governance standards are better, and one has to pay some premium for that. What is the total AMC size right now, the AUM? Navneet Munot: It is over Rs 7.5 lakh crore. We have come a long way…

Subscribe to enjoy similar stories. This year, India celebrates the 75th anniversary of the adoption of the Constitution of India. It is an occasion to reflect on its importance and role in the evolution of Indian democracy.

Subscribe to enjoy similar stories. Getting allotment in a small and medium enterprises (SME) initial public offering (IPO) in early 2024 felt like hitting the jackpot. For many investors, it was enough to fund a grand wedding or a dream vacation.

Swaminathan Aiyar, Consulting Editor, ET Now, says Maharashtra and Jharkhand elections show there are as many puzzles as lessons. There are no clear-cut lessons. While Hindutva line and local issues worked in BJP’s favour in Maharashtra while in Jharkhand they did not. But BJP will be happy that even where it has done badly in the general election, where Mr Modi mattered, it can do very well in the state election. It would be extremely heartening for the BJP to say there is much more to this party than just Mr Narendra Modi, that is a positive. In Maharashtra, the BJP-led Mahayuti alliance is all set to form the government. I guess the markets would like that, right? It is continuity and stability. Swaminathan Aiyar: Yes, categorically yes. It is not just that they won, they won with such a phenomenal sweep. I mean, it is like a slap on the face of the Congress party and the INDIA bloc. The INDIA bloc did recover something by winning Jharkhand quite convincingly going against the opinion polls that had suggested it might be a dead heat or something.

Additionally, the INDIA bloc will be looking forward to cornered the BJP-led NDA alliance over rising tensions in Manipur as well billionaire Gautam Adani's indictment in the United States for alleged bribery worth $256 million. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Union Parliamentary Affairs Minister Kiren Rijiju had said after the Centre called all-party meeting chaired by Union Minister Rajnath Singh.

Society of Jesus, or Jesuits, wanted to use this hot new technology — just over a century old — to spread Christianity in the East. This press was meant for Abyssinia (Ethiopia), but the winds took it round Africa and up to India, where it docked in Goa. It was getting ready to sail again, when it was learned that the Abyssinian emperor no longer wanted it. Francis Xavier, one of the Jesuits’s founders, had established a strong presence in Goa. So, when this news came, the Jesuits quickly set up the press. Printing using carved surfaces may have existed in India before this, but this press produced the first Indian books using movable type. This was in Roman script, but attempts were made to cast types in Indian scripts, first Tamil and then Devanagari. The earliest texts were religious, but in 1563, the press printed a book whose title translates as Colloquies on the Simples and Drugs of India (1563). Written by physician and naturalist Garcia da Orta in the form of dialogues with a fictional friend named Ruano, it describes the useful plants of India. Through the conversations, which include visits to patients, a fascinating picture emerges of the trading world of India and the Arabian Sea.

SBI, ICICI Bank and Axis Bank, have hiked their deposit rates. You can earn 7.25% interest on deposits of 1-2 years. Smaller banks, such as the Bandhan Bank, are offering 8%, while NBFCs, such as Sriram Finance, are giving up to 8.9% per annum. Senior citizens can expect 0.5-0.75% higher rates. Sitting in their house in Bengaluru, senior citizens Ranjitha and B. Srikumar are not enthused by the high rates offered on bank deposits. Their pensions put them in the 30% tax bracket, which means the post-tax yield of a 7.75% fixed deposit is barely 5.3%. “We are looking to invest in a debt fund that can give better returns than fixed deposits,” says the retired Air Force officer.

Subscribe to enjoy similar stories. Tata Capital Healthcare Fund (TCHF) is planning to increase the ticket size of each of its investments to around $25 million, from $10-18 million currently, the private equity (PE) fund’s managing partner Visalakshi Chandramouli said, as demand for healthcare in the world's fifth-largest economy grows. The fund is also betting on domestic pharmaceutical companies that target global markets.

Subscribe to enjoy similar stories. While it is uncertain whether the market might dip 2% before rising, for those seeking decent returns and investing with a long-term perspective, any time is a good time to invest, says Sunil Singhania, founder of Abakkus Asset Manager. “This correction could be an opportunity to boost returns by buying stocks 10-15% cheaper," he believes.

Subscribe to enjoy similar stories. Mumbai: Stock market engines that roared back on Friday may gather more steam this week, after the Bharatiya Janata Party-led alliance scored a runaway victory in the Maharashtra assembly elections. However, market participants warned that a short covering-led rally could prompt investors singed by the recent correction to cut losses, potentially limiting the life of the rebound.

Chinese government has started a special program to crack down various unfair and non-compliant practices on the internet to safeguard the interests of netizens and companies, according to a statement from the Cyberspace Administration of China on Sunday. From today through Feb. 24, 2025, regulators will rectify malpractices such as creating so-called information cocoons via homogeneous push notifications, manipulating and interfering with rankings to hype up hot topics, as well as infringing on people's rights to do business via the internet, according to the statement. An information cocoon is when a platform chooses to expose the user to results based on expressed interests, tastes and preferences.

While a majority of travelers should reach their destinations with minimal issues, getting home may prove more challenging, particularly for those heading east. With nearly 80 million people expected to travel 50 miles or more, peak travel days are anticipated to fall on the Tuesday and Wednesday before Thanksgiving, as well as the Sunday after the holiday.

Kiren Rijiju asserted that the union government is «ready to discuss any topic» while calling for a peaceful session of Parliament. Speaking to reporters on Sunday after the all-party meeting in Delhi, Rijiju said several topics were raised requesting for discussion in Parliament as winter session is scheduled to kick off tomorrow. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Kiren Rijiju said.

PBKS IPL Auction LIVE Updates: Preity Zinta's Punjab Kings have decided to rejig their team after releasing all their star power and only retaining two uncapped players, Shashank Singh and Prabhsimran Singh, for ₹5.5 crores and ₹4 crores, respectively. After leaving out key players like Kagiso Rabada, Shikhar Dhawan, Arshdeep Singh and Jitesh Sharma, PBKS have the highest amount of remaining purse at ₹110.5 crore along with 4 Right to Match slots, meaning they have an opportunity to rebuild a new side to finally win the coveted IPL trophy next year.The high purse amount means that PBKS can target some of the most coveted players at this year's auction including Rishabh Pant, KL Rahul and even Shreyas Iyer. The first priority for the Kings would be to find a captain that they can build a side around, followed by some crucial big hitters and some quality pacers to replace the outgoing batch.PBKS IPL Auction LIVE Updates: Speaking about bidding for Pant, Ponting said, "Oh look, we've spoken about lots of players in the auction.

Verstappen cruised to a fourth consecutive Formula 1 championship on Saturday night by finishing fifth in the Las Vegas Grand Prix. Verstappen needed only to finish ahead of Lando Norris of McLaren to give Red Bull a fourth straight driver championship. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip. Norris, who had to score at least three points more than Verstappen to extend the championship fight, finished sixth. Verstappen needed only to finish higher than Norris to win the title, which he did with two races remaining on the season.

Reliance Industries Ltd's recent underperformance — weak refining margin — has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals — oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business.