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Sampath Reddy, Founder & CIO, Azurean Investment Managers, says generally speaking the domestic institutions are a lot more bottom-up in terms of investing style and they do have a lot of exposure to the mid and smallcap segment. A continuous positive inflows into the domestic institutions is helping the valuations of mid and smallcap companies. That is why the mid and smallcaps are still relatively expensive. Reddy also says he would not be very optimistic about the way things will pan out when the new US president takes over. He will probably wait and see whether the order books or the new large orders are coming through for the IT services companies. We have seen an uptick in sentiment in IT stocks since the US election. Is it likely to convert into earnings as well? Sampath Reddy: At this moment, most of the analysts are of the opinion that with the expectation of the tax cuts by the new president, there is a possibility that corporates might spend more on the IT side, I think that is what is leading to that optimism. But with the way the commentary has been, I am not sure where the earnings have come for the Q2 numbers. The momentum is mostly waning away. The growth rates are below the expectations for Q2. At this juncture, I would not be very optimistic about the way things will pan out when the new president takes over.

«Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering,» says Mayuresh Joshi, Head Equity, Marketsmith India. Suffice it to say, it's a big avoid for MFI right now? Mayuresh Joshi: Yes, and with regulatory concerns still looming, there is always a risk that potential regulatory actions could cast doubts on how these balance sheets might evolve, especially in terms of earnings if restrictions are imposed. Within this space, however, some housing finance companies have performed well. At Marketsmith, we focus on leading stocks, so within the broader NBFC universe, particularly from a rural discretionary spending perspective, Chola Investment and Finance could be a strong option. Our analysis suggests that Chola’s exposure, its strong parentage, and its capital adequacy, reflected in Tier I ratios, point to decreasing asset quality pressures as the rural economy strengthens. Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering.

Subscribe to enjoy similar stories. Despite the share market selloff, retail investors seem to be in no panic.

Subscribe to enjoy similar stories. Companies across industries are rolling out the red carpet for middle and junior management employees in a bid to both retain top performers as well as attract new talent. Long-term incentives, floating stock units and global postings are being liberally handed out at a time when companies cannot afford big hikes and bonuses.

Akshay Nanavati, a 40-year-old Indian American, embarked on the adventure of a lifetime -a 110-day skiing expedition across Antarctica. If he succeeds, Nanavati will become the first human to complete an unsupported, solo, 2,700-km, coast-to-coast, ski crossing of the coldest, driest, windiest and loneliest continent on the planet. He will be dragging a 200-kg sled packed with food rations and fuel through the distance, surviving temperatures as low as minus 40 degrees. It's what adventurers call 'manhauling.' Preparation itself cost Nanavati — an entrepreneur, speaker and author — the tips of two fingers, lost to frostbite. One was removed because of gangrene. This happened while climbing the Axel Heiberg Glacier in Canada, within the Arctic circle. Back from this ordeal, Nanavati opted for part of the other digit to be removed as well.

Elon Musk’s super PAC spent around $200 million to help elect Donald Trump

The Alberta government fired the chief executive and entire board of directors of Alberta Investment Management Co. (AIMCo) last week, citing rising costs without an equivalent increase in returns at the $160 billion investment manager. But were AIMCo’s results and costs out of line with other major Canadian investment managers? The Financial Post’s Naimul Karim explores the question.

Nirmala Sitharaman has such a soft spot for Leftists. At an interaction with students at CMS Business School in Bengaluru, the finmin credited 'Leftists' for coming up with the 'concept of patriarchy'.

European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter. China and the EU will continue technical talks this week after discussions in Beijing where both sides touted some progress. However, the chances of a deal remain slim for now, said the people, who spoke on condition of anonymity. China hasn't yet moved toward the EU's strict requirements on ensuring that any arrangement is enforceable and matches the effect of the anti-subsidy tariffs the bloc adopted last month, they said.

anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. China announced provisional tariffs on EU brandy imports last month, saying the alleged «dumping» threatened «substantial damage» to the domestic industry. And Beijing's commerce ministry said in a statement Monday that authorities have «decided to implement temporary anti-dumping measures in the form of a cash deposit or letter of guarantee» against European brandy products.

Shree Cement’s profit plunged more than 80% on year to Rs 93.13 crore in the September quarter, weighed down by weakness in both demand and prices for the building material during the three-month period. While the September quarter is seasonally weak for cement-makers, the country’s third largest producer’s sales volume slipped as compared to the previous year as well — 7% lower at 7.60 million tonne.

U.S. auto safety regulators are investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles

Sanjiv Khanna heard 45 cases on his first day as the 51st Chief Justice of India (CJI), and thanked lawyers and bar leaders for wishing him well. CJI Khanna entered the hallowed CJI's courtroom around noon after being sworn by President Droupadi Murmu in a brief ceremony at the Rashtrapati Bhavan. He received a rousing welcome by the bar leaders, lawyers including former attorney general and senior advocate Mukul Rohatgi. «I wish you a fruitful tenure as the CJI,» wished Rohatgi.

S Jaishankar on Monday called for «urgent» measures to address the issue of widening trade deficit between India and Russia. While India's exports to Russia stood at only USD 2.24 billion in April-August this fiscal, imports soared to USD 27.35 billion during the period. The trade deficit is aggregated at USD 25.11 billion. The high trade deficit is mainly on account crude imports. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.

The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania.

There are several ways Canadian consumers can spot fake toonies circulating across the country, coin experts say.

Subscribe to enjoy similar stories. Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well. Factors that had dampened sales of its UK-based luxury car subsidiary, Jaguar Land Rover Automotive Plc (JLR), in the September quarter (Q2FY25) have now been resolved, setting the stage for a sales recovery in the second half of the fiscal year.

Despite a dividend payout of more than ₹12,000 crore during the quarter, the company managed to bring down its debt on a sequential basis by using proceeds from its QIP issue, funds from the stake sale in Hindustan Zinc, and its free cash flow. Net debt fell to ₹56,927 crore at the end of the September quarter from ₹61,324 crore a quarter ago. The net debt is lower than the previous year’s ₹57,771 crore as well.

Chief Justice of India Sanjiv Khanna had to face typical Indian parent mindset when it comes to choosing a career. CJI's parents had initially expected their son to become a chartered accountant because a legal career had taller challenges. But the future Chief Justice was inspired by his uncle who had the courage to take on the State, reported NDTV citing its source. Justice Sanjiv Khanna commenced judicial proceedings on Monday, his first day as Chief Justice of India, and thanked lawyers for wishing him well. Justice Khanna was sworn in as the 51st CJI earlier in the day by President Droupadi Murmu at a brief ceremony at the Rashtrapati Bhavan.

Demat addition has fallen below 40 lakh after four months.

Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.