Wellness Financial News

«So, keeping that in mind if one gets an entry into an IPO stock, which has a good potential, it is always better rather than churning every week to hold on to the stock and make that wealth which is generated over period,» says Neeraj Dewan, Market Expert. Starting off by just maybe getting in your thoughts as well on the kind of commentary that has been made or the kind of reveal due to the SEBI study with respect to the fact that nearly 54% of the allotted IPO shares, this is excluding the anchor investors, are sold in just a week and they are talking about how we need to be a good doctor to companies, do not prescribe steroids, they say when paracetamol will suffice. Just wanted to get in your thoughts on the study reveal. Neeraj Dewan: Yes, actually there is so much of paper availability and money flow has to be rotated.

₹75,000.Also Read | Apple's 'Glow Time' event: New leaks suggest iPhone 16 Series pricing - check detailsiPhone 15 Plus was launched at a price of ₹89,900 for the 128GB storage variant. However, the Apple flagship is now available for ₹75,999 on Flipkart, a discount of ₹13,601 from the official price. Moreover, there is up to a ₹38,350 discount on exchanging the old device.

The oldest millennials have entered their 40s and are noticing the effects of aging. It might not be in their heads. A growing body of research says the aging process might resemble rolling hills more than a slow and steady climb.

Madan Sabnavis, Chief Economist, Bank of Baroda, says the steps announced by the government cover both crops – horticulture as well as allied activities – and this is required for overall enhancing and creating more steady growth and output as well as income for farmers. Today when we are talking in terms of rural consumption lagging, one of the factors behind it is that we are not seeing a commensurate increase in terms of income. Sabnavis also says that we may not see the impact in the immediate quarter. 3.5% to 4% should be the trend growth that we should see in the case of overall GDP growth of 7% to 8% at the aggregate level. It will take a couple of years before all these pieces are put together.

₹3400 crore in March 2019. It’s around ₹42,200 crore - Book value was ₹1.08 trillion. It’s ₹2.53 trillion at June quarter end.

Raymond Ltd. is looking to list its apparel and real estate units by the end of 2025 as the founders look to boost shareholder value. The group, which oversees a motley mix of businesses ranging from engineering, aerospace to fashion and realty, will have three listed entities by next year, after Raymond Lifestyle Ltd. starts trading in Mumbai on Thursday and the real estate unit gears up for a 2025 listing, Chairman Gautam Hari Singhania said in an interview.

Legal & General Investment Management and Aviva Investors are among 80 institutions that have signed an open statement seeking an international framework and scientific panel to address the challenge of bacterial resistance around the globe. Antimicrobial resistance, also known as AMR, kills nearly 1.3 million people a year and occurs when germs become resistant to drugs. If left unchecked, it could lead to an estimated $1 trillion in additional healthcare costs by 2050, as well as a 3.8% loss of global gross domestic product and about 10 million deaths annually, according to a report published last month.

What makes you so bullish on India?

«So, the HNIs are licking their wounds and only the index seems to have done super well. So, let us see, I mean, we are all here, we are all in the market, we are not going to give up and go away. I think people look at India as a global story. It is fantastic. But I do not agree with some of those sectors,» says Pashupati Advani, pashupatiadvani@globalforay Nifty at an all-time high, but a lot of stocks which matter to the viewers, a lot of HNI stocks, a lot of retail stocks, retail-dominated stocks, they have corrected 5%, 10%, 15%, even 30%. Is the bull market over? Pashupati Advani: I think we are looking for cues to move forward and I think that there do not seem to be any that we can see. So, there is a sectoral shift because obviously people like India as a whole, they just want to be in the right thing, so you are seeing little nibbles in things like obviously insurance, but this thing real estate, the auto pack is a little bit over. People are looking at defensives.

Mumbai: The demand for ‘crisis consultants’ is on the rise, as companies scramble to address regulatory diktats, cybersecurity scares and climate events, according to consultants and lawyers who spoke with Mint. A person from a Big 4 consulting firm, who requested not to be named, said the firm is looking to have close to 2,000 people in its crisis team, more than double the current strength. Experts said that the time to resolve a crisis has shrunk from three-four weeks to a few days currently, as teams have access to AI and data solution methods for quick resolution.

Cathay Pacific has temporarily grounded its fleet of A350 aircraft for inspections after a «first of its type» engine component failure forced a flight to Zurich to turn back on Monday. Cathay is conducting fleet-wide inspection of its 48 Airbus A350 aircraft and «a number of aircraft will be out of service for several days», the airline said in a statement Monday night. The airline has cancelled 24 return flights operating up until the end of Tuesday, it added.

More than a year after Twitter was rebranded as X, the microblog app’s old name retains its power. So much so that even its owner Elon Musk referred to it by that name.

PLI beneficiaries. “GeM has registered phenomenal growth and the list of PLI beneficiaries is also expanding, as the scheme has started to yield results," said the official, requesting anonymity. Taurani is sceptical.

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Prime Minister Narendra Modi urged upon them to undertake the party’s membership drive with renewed vigor and in a festive spirit. He emphasized that fresh blood in the organization should come from the youth, women and those living in tribal and aspirational blocks in the hinterland while the exercise should begin from areas where the party has done badly in the polls. BJP launched its ambitious membership drive, which includes renewal of association of those already in the party, here on Monday with organisation’s chief JP Nadda making Modi the first member through a missed call to a dedicated number. As per Article 9 of the BJP constitution, the membership has to be renewed every six years. In his speech, Modi said BJP has grown from a fledging party that faced a lot of ridicule in its initial days due to its poor strength to where it stands today. He recalled the struggles and sacrifices of generations of party workers. The journey, he underlined, has been not just ideological but emotional as well.

Delhi High Court has permanently restrained Taj Iconic Membership's managing director from using «Taj» name in its contents, corporate name, logo in a trademark suit filed by the Tata group of companies. The court directed the transfer of the domain name of Taj Iconic to IHCL. Justice Mini Pushkarna said "...it is apparent that the use of the various contents and photographs available on the plaintiff's (IHCL) website, by the defendant (Taj Iconic) in relation to business activities, has the effect of inducing the consumers and members of the trade to falsely believe that the defendant has a direct nexus or affiliation with the plaintiff.” “Further, the fraudulent and illegal trade activities of the defendant has also the effect of causing incalculable harm and injury to the business, goodwill and reputation associated with the plaintiff‟s associated mark,” the HC said, while directing the managing director of Taj Iconic to pay damages of to the tune of Rs 10 lakh and cost of Rs 5 lakh to IHCL, which is a part of the Tata group of companies.

Nilesh Shah, MD, Kotak AMC, says investors can’t go to Russia because of Ukraine; to China because of Taiwan; to South Africa because of social strife, or to Brazil because of the communist government. In the emerging market, there are very limited choices and India is one bright option. So with Triveni Sangam of flows, fundamentals, and sentiment, the downside is limited but expect volatility over the next 3, 6, 9, and 12 months. Shah also says this is the time when you should be long duration because rates are going to be cut. You should be long gold because central banks are buying gold. And you should be neutral weight to equity with some bias towards large caps. Sensex and Nifty are once again hitting record highs every day, even when there are worries about not-so-great Q1 earnings. Where do you think we are headed? Nilesh Shah: If we take a 5-year, 10-year view, no doubt the only direction is up. The economy will do well and markets will do well. If you are taking a 3, 6, 9, or 12-month view, I have no idea where we are headed. On one side, we believe the correction in the market will be shallow and short-term because there is Triveni Sangam of fundamentals, flows, and sentiment.

«We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years,» says Seshadri Sen, Emkay Global Financial Services. Well, I am just going through your latest note and it seems like you have raised your target for the Nifty all the way to 26,000 now for September 25. Earlier it was close to 22,000 for June 25. Is it just the market momentum that has made you change it because we are very close to that mark already or do you see a further uptick in the fundamentals versus what you anticipated earlier? Seshadri Sen: No, the primary driver is that there were a few speed bumps that we were anticipating in the first half and those played out. The market through those speed bumps quite strongly. But we are looking at a much smoother ride in the second half in terms of fundamentals which is why we raised our multiple and that cascaded into a raised Nifty target.

Sebi chief Madhabi Puri Buch on Monday announced that single filing with exchanges would become a reality very soon. «It is a work in progress. If you file your disclosure in one exchange, it will automatically populate on the website of the other exchanges,» Buch said at a CII Summit.