Wellness Financial News

«I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential,» says Anuj Puri, Chairman, ANAROCK Group. Let us just get in a sense as to what you are seeing when it comes to the trend for housing prices in the Indian cities. Clearly, it seems that it has been on a rise, but at a time when we are looking at inflation moderating, how are you looking at the correlation between these two factors and what is the outlook when it comes to residential in particular? Anuj Puri: The residential market continues to surprise us. It is at a 15-year high and it does continue to remain very strong. The good thing is that we are not seeing abnormal price rise within the residential real estate market. And I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential.

Bajaj Auto, India’s largest exporter of two and three wheelers has inaugurated its new manufacturing plant in Manaus, Brazil, it said in a statement on Wednesday. This will be the company’s first manufacturing facility outside India. In all the other markets in which it has a presence the company follows a distribution-led model – the distribution partners manage local operations, including assembly. Bajaj now sells vehicles in 100 countries. The Bairro Tarumã-based factory with an area of 9600 square meters has a capacity to produce engine assembly, vehicle assembly, and testing facilities has a production capacity of 20,000 units per annum on a single shift. It can be expanded further in due course to accommodate additional production capacity to up to 50,000 units per year. Initially, the plant will focus on manufacturing Dominar models and later Pulsar models when they become available for introduction. «With the establishment of our own plant in Brazil we have achieved a quantum shift in our local capability to fulfil demand. Our Dominar brand has received an outstanding reception since its launch 18 months ago. The new manufacturing capabilities will enable us to build a wider distribution network, introduce new products and meet growing expectations of our customers.” Rakesh Sharma, Executive Director of Bajaj Auto said in the statement.

Dipan Mehta, Director, Elixir Equities, says real estate stocks have given fabulous returns, and at this point, as is the case with a lot of other stocks, the risk-return profile is not in your favour. Mehta says he would just wait and watch and look for a correction, 15-20% correction or so, which may provide us with some margin of safety. If one had to play it from a stock market angle, how are you looking at the real estate space? Where do you find promise?

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

fixed deposit (FD) interest rates across tenors. SBI has increased FD rates by 75 basis points or bps (0.75%)—from 4.75% to 5.5% for deposits maturing between 46 days and 179 days. For longer tenors, the rate hike has been restricted to 25 bps (0.25%).SBI has increased interest rates for 180 days to 210 days from 5.75% to 6% and for those from 211 days to less than a year from 6% to 6.25%.

Meanwhile, the broader market continued its upward journey so far this year as well with the Nifty smallcap and midcap indices rising 20% each.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, rose early on Wednesday, with the Sensex reaching a new all-time high level. However, shortly after, investors began to take profits, and the market began to move sideways.In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16.

Surana Telecom and Power, previously a penny stock, has delivered exceptional returns for long-term investors. Over the past four years, its stock price has surged by an impressive 796 percent, climbing from ₹2.95 in June 2020 to around ₹26.45. This remarkable growth highlights Surana's consistent value appreciation, making it a standout performer in the penny stock category and showcasing its potential as a high-return investment opportunity.Meanwhile, over the past 5 years, the stock has surged by an impressive 494 percent, rising from ₹4.05 in June 2019.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says fertilizers and agrochemicals is one sector where they have become bullish. He says last week's excitement was based on the fact that some GST concession was expected and that is, to an extent, unfounded. He does not think the GST Council has yet started deliberating on that at all. So, it will take a lot of time. Amara Raja has doubled this year already. Exide is up 80% and there are still buyers.

crude oil after reassurance from Saudi Arabia and its OPEC⁺ allies that any planned future increases in production would be contingent on market conditions. Last week hedge funds and other money managers turned their attention to boosting Brent positions, after a large jump in NYMEX and ICE WTI the week before, according to records filed with exchanges and regulators.

₹849 crore on advertising and promotions last fiscal. “Our intent is that overall A&P (across traditional, digital, consumer promotion) would be higher than last year, which will increase our brand visibility and engagement across all platforms. While core channels remain important, we will allocate budget judiciously and strategically to explore high-impact digital opportunities as well," Jain added.

Indian stock market: Despite weak global cues, Indian stock market benchmarks, including the Sensex and the Nifty 50, reached new record highs on Tuesday, June 25. The Nifty 50 reached a new all-time high of 23,754.15, while the Sensex also achieved a fresh peak of 78,164.71 during the session.The Nifty 50 concluded the session up 183 points, or 0.78%, closing at 23,721.30, while the Sensex posted a gain of 712 points, or 0.92%, finishing at 78,053.52. Both indices achieved record closing levels.“Nifty steadily inched upwards to make a fresh high of 23,754 levels.

Two Raymond James Financial Services Inc. financial advisors on Monday were barred from the securities industry for not cooperating in investigations, according to the Financial Industry Regulatory Authority Inc.; both had previously been flagged by Raymond James for selling products to customers the firm had not signed off on as well as selling away, which involves offering clients investments that are not approved by the firm.

Bharatiya Mazdoor Sangh, a Rashtriya Swayamsevak Sangh-affiliate central trade union, demanded that the Centre extend the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for 200 days for each family from 100 now, include agriculture and allied sector work under the scheme and restore the old pension scheme. In its pre-budget meeting with finance minister Nirmala Sitharaman on Monday, BMS general secretary Ravindra Himte demanded a five-fold increase in the minimum pension under the Employees' Pension Scheme (EPS), 1995, to ₹5,000, along with enhancement of honorarium of scheme workers, especially for accredited social health activists as well as Anganwadi, Midday Meal Scheme and National Health Mission workers.

Bar Association Srinagar, president Mian Qayoom on Tuesday in connection with conspiracy pertaining to murder of advocate Babar Qadri in 2020. The officials informed that Qayoom was summoned for questioning by the State Investigation Agency officials and later detained for sustained interrogation in connection with the murder. The officials claim that they have collected «substantial evidence against Qayoom, who has emerged as a primary suspect in the case.» However, the SIA or J&K police are yet to issue a formal statement confirming his detention or arrest. Qadri, who had shot to prominence for his participation in high pitched TV debates on the situation in Kashmir, was shot dead at his residence in Hawal area of downtown Srinagar by unknown gunmen posing as potential clients, on September 24, 2020. The killing took place at a time when he had just launched a party of his own and posted videos on social media criticizing J&KHCBA Srinagar of which he was a member as well. His membership was suspended following the floating of his own party.

Elon Musk is still doing his part, in his own words, to help the underpopulation crisis.The Tesla CEO on Sunday confirmed he’s fathered his 12th child — his third with, Shivon Zilis, director of special projects at Neuralink Corp.Musk, 52, and Zilis, 38, welcomed their baby earlier this year.In a statement to Page Six, Musk confirmed the child’s birth, but denied rumours that he fathered the baby in secret.“As for ‘secretly fathered,’ that is also false,” he told the tabloid. “All our friends and family know.

Manulife Financial Corp. says it has boosted a key profitability target as it hosts its first investor day in Asia since 2017.

Canada’s Conservative Party won a special election in a district in central Toronto, dealing a substantial blow to Prime Minister Justin Trudeau’s Liberal Party ahead of a national vote expected next year.

₹51.29 crore from its anchor round ahead of its initial public offering (IPO) on Wednesday, June 26.According to an exchange filing, the metal manufacturer allocated 24,78,259 equity shares to anchor investors at ₹207 per share.Volrado Venture Partners, Ashika Global Securities, Capri Global Housing Finance, Rajasthan Global Securities, Leading Light Fund, and Astorne Capital were the anchor investors who participated in the round.According to the filing, no mutual fund has applied through any scheme for any of the 24,78,259 equity shares allotted to the anchor investors.Volrado Venture Partners and Ashika Global Securities got the most equity share allocation at 48.74 per cent and 12.28 per cent, respectively.The metal manufacturer's IPO will open for retail subscription on Wednesday, June 26, and close on Friday, June 28. The price band for the IPO has been set at ₹195 to ₹207 per equity share, with a face value of ₹10 per share.The Vraj Iron and Steel IPO is valued at ₹171 crore.

Investors including ex-Facebook President Sean Parker are committing $80 million to take over Stability AI, an image-generation startup that took off with the artificial-intelligence boom but quickly ran into business problems. The investment group, which includes former Google Chief Executive Officer Eric Schmidt and early backers of London-based Stability, has struck a deal with suppliers to forgive some $100 million owed by Stability, according to people with knowledge of the arrangement. The investors also negotiated for the startup to be released from $300 million in future obligations, largely meant to go to cloud computing providers.

₹435.8 lakh crore from nearly ₹435.6 lakh crore in the previous session.The biggest reason behind the rise in the benchmark indices on Tuesday was solid gains in the shares of banking heavyweights. The frontline indices posted their best day in more than two weeks.