Wellness Financial News

Hindenburg Research's second attack on the Adani Group in which it targeted Sebi chairperson Madhabi Puri Buch has failed to make much impact on the markets. Hindenburg has claimed that she and her husband had stakes in offshore entities linked to the Adani family. Unlike its first report against the Adani Group in January last year, this one has failed to have intended impact so far. Adani stocks did not suffer the kind of rout they did in the wake of last year's report. Analysts have dismissed the report as «sensationalism» and say that it will not have much impact on stock prices.«It appears that this “revelation” is unlikely to impact the market meaningfully. The buy on-dips strategy which has been working well in this bull run is likely to work again,» said Dr. V K Vijayakumar of Geojit Financial Services. However, Hindenburg has doubled down on its claims and responded to Sebi chief's statement that accused the short-seller of attempting a «character assassination». Even though Indian markets as well as analysts have discounted the latest Hindenburg report and the short-seller has itself come under fire after Sebi's show-cause notice to it in June, short-seller attacks constitute a high risk for Indian companies.

Anish Tawakley, Deputy CIO-Equity, ICICI Prudential AMC, says he focuses more on cycles than on big 10-year structural trends. On a 10-year structural trend, one has to be in the right company because even if you look at the retailing example, it is a 10-year, 20-year trend, but it is not as if every company has done well. There are better opportunities in automobiles, capital goods, cement, and real estate because that is a sector that could still produce earnings surprises. Tawakley also says that we are still in an upcycle at the moment economically. We will reach the peak of this cycle when power capacity utilisation peaks. Let us start with your market view risk versus reward, how would you map the current market setup for our viewers? Anish Tawakley: At this point, the earnings outlook is reasonably good given that the economy is in good health. The market valuations are not cheap. So, anybody coming into the market should be coming in with at least a three-year view. One should not be coming in for very short-term gains. But the economic outlook is very healthy and the earnings outlook is also reasonably robust.

«Our maps feature 3D junction views and many other attributes that are hard to replicate or compete with. Of course, people will try, and everyone is welcome to compete fairly, but it is quite challenging.,» says Rohan Verma, CEO & MD, MapMyIndia. Before discussing the earnings and other details, I wanted to get a sense from you about the competition, as you’ve been quite vocal about it. Ola is also a listed player, so I'm trying to understand better what unique selling proposition (USP) you offer and what the moat is for companies trying to catch up in this technology. Rohan Verma: Mapping is a serious business and building it is not at all easy.

The family of a French explorer who died in a submersible implosion has filed a more than $50 million lawsuit, saying the crew experienced “terror and mental anguish” before the disaster and accusing the sub’s operator of gross negligence.Paul-Henri Nargeolet was among five people who died when the Titan submersible imploded during a voyage to the famed Titanic wreck site in the North Atlantic in June 2023. No one survived the trip aboard the experimental submersible owned by OceanGate, a company in Washington state that has since suspended operations.Known as “Mr.

Delhi High Court on Monday directed the Delhi Police to not arrest former IAS Puja Khedkar, who has been accused of 'misrepresenting and falsifying facts' in her UPSC application, till August 21. The Court has issued a notice on Khedkar’s anticipatory bail plea. Justice Subramonium Prasad issued notice to the Delhi Police as well as the UPSC on the anticipatory bail plea by Khedkar, and asked them to file their responses.

Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO's latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal's holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI. According to sources close to the transaction, «Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company's prospects. The investment is backed by Singapore-based family offices.» Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round.

Arvind Kejriwal has filed a petition in the Supreme Court challenging his arrest by the Central Bureau of Investigation in the excise policy case and has also filed a bail plea. The Delhi High Court had earlier dismissed his petition challenging the arrest and advised him to seek bail from the trial court. While dismissing Kejriwal's plea challenging his arrest, the HC stated that the prosecution has explained that, respecting his position as Chief Minister of NCT of Delhi, the police treaded with trepidation and caution and proceeded to collect the evidence from other persons suspected to be the accused. Consequently, extensive investigations were carried out across India to ascertain the entire web of conspiracy involving numerous persons. In his plea to the Delhi HC, CM Kejriwal stated that he is the National Convenor of a National Political Party (Aam Aadmi Party) and the sitting Chief Minister of Delhi, who is being subjected to «gross persecution and harassment for wholly malafide and extraneous considerations.»

geoglyphs and petroglyphs in Ratnagiri as ‘protected monuments’ under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960, reported TOI. The group of petroglyphs at Deud, Ratnagiri, dates back to the Mesolithic era (roughly 20,000-10,000 years ago), according to a notification by the culture department. Geoglyphs and petroglyphs are different types of ancient art forms. They involve the creation of images or designs on the earth’s surface or rock surfaces.

Ola Electric today surged 11% to its fresh high of Rs 101.29 on BSE on the second day after its listing on the stock exchanges. Ola Electric was listed on Friday, August 9 disappointing investors as it got listed at par with the issue price of Rs 76. However, later during the day, the stock surged 20% to hit an upper circuit high of Rs 91.20 on NSE.

Havells India Ltd. gained 0.12 per cent to Rs 1801.8 in Monday's trade as of 10:30AM (IST). It hit a high of Rs 1821.0 and low of Rs 1786.15 during the session. The stock quoted a 52-week high price of Rs 1986.55 and a low of Rs 1233.1. The return on equity for the stock stood at 17.07 per cent. About 3,502 shares have changed hands on the counter so far.

Mint. While the latest rate hike may not deter Indian corporates from borrowing from Japan, further rate hikes could force them to reconsider their plans. Last week, the Bank of Japan raised its interest rate for the second time in 17 years in another step away from its long-standing ultra-loose monetary policies, setting an interest rate of 0.25%, up from 0-0.1%.

Zydus Lifesciences reported a net profit jump of 31% to Rs 1420 crore in Q1FY25 led by robust sales growth in India and US markets. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal.

The Investment Adviser (IA) Regulations, 2013, has been around for 11-plus years now, but has been able to attract just about 960 advisors!

While Joshi started early, the vehicle he chose to reach his destination was not quite appropriate. He bought a traditional life insurance policy to save for his son’s education. For an annual premium of Rs.80,000, the policy covers him for Rs. 8 lakh and will start annual payouts when Swaraj turns 16. The returns work out to less than 6%. “Traditional insurance policies are not the best investment. They usually offer very low returns,” says Rohit Shah, Founder and CEO of GYR Financial Planners. Choosing the wrong investment is a common problem. It becomes even more acute while saving for critical long-term financial goals such as children’s education and weddings. Going for the wrong investment option could leave you with a shortfall in the target amount and jeopardise your planning. A study by financial planning firm, Finsafe India, shows that one out of three investors do not know where to invest. “This indicates a strong need for better financial education and investment guidance,” says Mrin Agarwal, Founder and CEO, Finsafe India.

Compassion is a sublime virtue and meditative practice. Compassion distinguishes itself from loving kindness because it extends beyond feelings of warmheartedness and goodwill toward others. It is the process of permitting ourselves to be profoundly affected by the pain and vulnerability that all living things share.

A confidential memo shows that MrBeast has ordered a full assessment of the internal culture in his YouTube empire and an investigation into “allegations of inappropriate behavior by people in the company."

independent directors at India’s top blue-chip companies has more than doubled in five years, reflecting their increased responsibility, time commitment and effort. The median compensation for independent directors at Nifty-50 companies shot up 106% to Rs 87.4 lakh in FY24 from Rs 42.3 lakh in FY19, with a 25% pay jump in the last fiscal alone, showed an analysis of these companies shared with ET by specialised executive compensation advisory firm Exec-Rem Advisors. Experts said the pay is being driven up by companies wanting to ensure they get adequate time and attention from independent directors as their roles become increasingly complex and demanding, requiring them to navigate unforeseen challenges and crises, provide oversight on critical issues, deal with stricter regulatory requirements, ensure continuity, and influence inclusivity and innovation.

Authorities say four suspected attacks by Yemen’s Houthi rebels targeted a ship in the strategic Bab el-Mandeb Strait linking the Gulf of Aden to the Red Sea

The union that represents train engineers says Union Pacific is holding back on its promises to make their schedules more predictable

Indian Oil Corporation (IOC), the nation's largest oil firm, sources said. While 10 out of the nearly 60 candidates who applied were called for interviews, GAIL chairman and managing director Sandeep Gupta is being considered a wildcard. Gupta had not applied but was called for the interview, three sources aware of the matter said. «They had invited 10 of the candidates who had applied. Gupta was the 11th person to be interviewed,» one of them said.

investors in the latest funding round, sources said. The IPO-bound unicorn has raised nearly Rs 1,040 crore in the Series G funding round. This follows an earlier raise of Rs 416.85 crore in the same series and concludes the round. According to different documents accessed by PTI, the additional equity issuance was approved by 99.99 per cent shareholders in an EGM held on August 8. The capital will be used to support OYO's growth and its global expansion plans, sources said.