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«Now, with that kind of a constraint, if you still want to see a boom in the economy, then the maximum multiplier effect you can generate is through the real estate. So, the boom has started at the top, but now it will percolate down as well,» says Ravi Dharamshi, ValueQuest Investment. You talked about as to how it is not just the premium end of the economy when it comes to consumption, but a more broad based, top to bottom kind of approach that you would now be looking at. How does that tie in with real estate because up until now you have only seen the premium end of luxury, that to residential and commercial both, real estate do well. Ravi Dharamshi: So, see post COVID, unfortunately the recovery has been as it is popular now, K-shaped and what that meant is that anybody who owned an asset has done well, whether you owned equity, whether you owned gold or whether you owned real estate, you did well. But if you have been only a wage earner, income earner, then inflation has been beating your growth in your earnings and your discretionary power has gone down.

Energy transition, Select Financials and broader domestic consumption themes,” says Rakesh Parekh, MD & Co-head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We are also very positive on the Healthcare & Pharma space, especially high quality CDMO & Speciality API Mfg companies” Edited excerpts:

Subscribe to enjoy similar stories. MUMBAI : Diwali is one of India's most significant festivals, marked by various spiritual and religious rites. A key tradition is Muhurat trading, where traders and investors perform Laxmi Puja for prosperity and strategically accumulate valuable stocks to diversify their portfolios.

personal data and its protection are likely to be notified soon, a top lawmaker told ET. This could happen “well before” the Maharashtra assembly elections to be held on November 20, the person added. The Digital Personal Data Protection (DPDP) Act was enacted in August 2023 but it is yet to become operational.

US Elections in November, by resigning from his own Presidential ticket as an Independent. This may not have gone well with some of the Independents in the swing state brackets, and voters may end up not choosing Trump, and choose RFK's ballot, thus giving a clear advantage to Harris in these circumstances.

King Charles just recently ended the visit to Australia and Samoa which was for 10 days while it was eventually adjusted due to his ongoing cancer diagnosis. According to Veranda, in spite such challenging times, the Monarch has engaged in multiple activities during the tour and was reported to thrive during the tour while the tour eventually lifted his spirits. Veranda reported that the Buckingham Palace announced plans for a pretty normal looking overseas tour scheduled in the upcoming year of 2025 which eventually indicated a positive outlook on his health. At the same time, Buckingham Palace have not disclosed any specific details about the health and treatment of King Charles while maintaining a consistent stance since his diagnosis of an unspecified type of cancer during the early parts of this year. Also Read :Did Tim Walz push a Chinese Communist Party official’s daughter to the brink of suicide during a love affair in the 1980s? Here's the truth

Gold imports are surging to cater to festive demand and have been added by sharp duty cuts in this year's budget. Central banks, including RBI, are also propping up demand for gold as they bulk up reserves in an effort to diversify their reserves. The metal is still serving as a safe haven, with economic data from advanced economies not offering investors clarity on the extent of economic slowdown.

U.S. job openings tumbled last month to their lowest level since January 2021, a sign that the labor market is losing some momentum

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

Former NBC News anchor Brian Williams is asking people interested in election night news to take a leap of faith with him

House of Hiranandani is looking to invest over Rs 12,500 crore to strengthen its development portfolio by around 10 million sq ft through a blend of acquisitions and greenfield projects to deepen its presence in Mumbai Metropolitan Region (MMR) in the next two years, said top officials of the company. With a luxury residential development pipeline of over 7.3 million sq ft, the company is aiming to capitalise on the region’s infrastructure growth backed by government initiatives coupled with rising demand for premium residential and commercial properties. The investment will flow into greenfield residential projects spread over 4.7 million sq ft and redevelopment projects of 2.6 million sq ft across various locations in the Mumbai region.

Millennials’ wealth has been falling further behind other generations, according to Statistics Canada.

Swiggy is increasing its investment in its quick-commerce business, Swiggy Instamart to Rs 1,179 crore, up 20% from Rs 982 crore mentioned in the red herring prospectus filed on Tuesday. The Bengaluru-based company said it plans to invest Rs 755.4 crore to expand its dark store network, with an additional Rs 423.3 crore for lease and licensing payments for these stores or warehouses. Swiggy Instamart has around 557 dark stores as of June 30 and plans to now take it to 741 compared to earlier plan of 538 per the draft red herring prospectus in September.

Sandip Sabharwal, asksandipsabharwal.com, says while there is nothing safe in the market, IDFC First Bank stocks can be the relatively safe sparklers. For those willing to take higher risks, Ahluwalia Contracts can be the high-risk rockets while InterGlobe Aviation or IndiGo can be the perfect value bomb. This Dhanteras, which safe sparkler or safe bets should one look at? Sandip Sabharwal: Now, there is nothing safe in the stock market as such. It is all about relative safeness. I think IDFC First Bank is pretty well placed at the current prices. The results which came out over the weekend reflected that there is resilience in the business model. The core business is doing well. When you look at every bank, the key to look at is the asset quality of the bank and the deposit growth quality of the deposit and then the credit growth and the reported profitability. So, in all these parameters, it is doing very well. Its net NPAs are very similar to that of ICICI Bank or HDFC Bank.

Subscribe to enjoy similar stories. Once upon a time, a fierce samurai went to a Zen master with a question about the nature of heaven and hell. The Zen master was not impressed by the samurai’s aggression.

Subscribe to enjoy similar stories. TEL AVIV—Israel’s parliament passed legislation to sever ties with the United Nations agency for Palestinian refugees, curtailing its ability to work in Gaza and the West Bank at a time when it is leading the humanitarian response to the war in Gaza. The laws passed late Monday effectively ban Unrwa—known formally as the United Nations Relief and Works Agency for Palestine Refugees in the Near East—from operating in Israeli territory and forbid Israeli state authorities from having contact with it.

Netflix Moments allows users to get the most out of iconic scenes from their favorite content by bookmarking and saving them within the app, as well as sharing them with friends. With clips from movies and TV shows already widely circulating on social media, it seems Netflix wants to get in the game itself, potentially bringing more attention to its content.Netflix's Giancarlo Esposito also talked about the need for Moments in a statement to Variety, he said, “I know firsthand there’s something magical that happens when a powerful story finds its audience on Netflix.

Subscribe to enjoy similar stories. The stage for the next wave of flagship smartphone wars has been set.

Russia has made aproposal to allow Indian airlines to operate local flights within its territory, as its own carriers are unable to meet demand because of Western sanctions cutting off their access to US and European aircraft manufacturers and component supplies. Russia approached India as well as China and a few Central Asian nations a month back, with a ‘cabotage’ proposal to allow their airlines to operate flights on its domestic routes, people aware of the development said. The matter was again raised during Prime Minister Narendra Modi’s visit to Russia last week for the BRICS summit, they said. However, Indian airlines have expressed reservations over the proposal and told the government that it would not be viable for them to operate within Russia, the people said.

Donald Trump has amazed everyone by bouncing back in the US election race like a king, fitting of a former President. Many had written him off in this election battle after Kamala Harris began steadily rising ahead in the elections with data from top pollsters favoring her for the last few months.

Kamala Harris, it has been a very mixed election campaign run, as she was a hotshot favorite when she began in the US election 2024 race, but slowly began faltering in the last couple of weeks against her very formidable opponent Donald Trump of the Republicans. She, however, was offered a lot of help from other Democratic Party leaders including the likes of Hillary Clinton, Barack Obama as well as Michelle Obama. In a latest speech on Saturday, Michelle appealed to male voters in a rather moving speech, which even made some of her followers call for her own Presidential run. Over time, Michelle has made herself very popular among the Democrat bracket, and not only as a former First Lady, but also as a visionary. In her latest speech, Michelle tried to drive male voters towards Harris, in the last leg of the election campaign run, with the polls set to begin in the first week of November. Also Read: That Christmas: Netflix animated film’s plot, release date, cast and characters