Wellness Financial News

India is a hotbed for global startups and one of the key global markets for Google Cloud, said a top company executive here on Wednesday.

military capabilities, all while adhering to budgetary constraints.

Tata Motors share price gains as brokerages maintain bullish stance; stock up 7% in one weekHaldiram’s received bids in May from a Blackstone Inc.-led consortium, which included the Abu Dhabi Investment Authority and GIC Pte, as well as from a consortium led by Bain & Co. and Temasek Holdings Pte, according to local media reports.The IPO considerations are still in the preliminary stages, and the controlling shareholders might still choose to lower their asking price and proceed with a sale, the sources added.India has become a hotspot for IPOs, raising approximately $3.9 billion so far this year—double the amount raised during the same period in 2023 and surpassing the combined totals of Hong Kong and Korea, according to data compiled by Bloomberg.Also read: Multibagger alert! Kesar India share price skyrockets over 3600% in 2 years.

Moody’s Ratings downgraded Allied Properties Real Estate to junk status on Tuesday, citing the Canadian office landlord’s high debt levels, as well as weakening occupancy rates that will weigh on its ability to meet its obligations.

Need help with how to invest at the current juncture? Which sectors to choose? In an exclusive interview with ETMarkets, Chirag Muni, Executive Director at Anand Rathi Wealth Ltd gave his take on navigating the market after the recent election results. In this, we spoke on how to build a solid investment strategy, which sectors are worth keeping an eye on, and what history can tell us about investing during this time. Excerpts: How have the markets performed post-elections? Markets have been touching all-time highs on and off, what’s your take? In the last one week, Nifty has witnessed some sharp movements, however if you look at last one week's data the overall movement is not that big. In the past, we had observed that post-election Nifty undergoes a certain amount of volatility, however, at present for a long-term investor it should not be such a big concern.

«If I talk about the whole India story, as if it is a kind of you can say the Hollywood movie, I think the month of May was kind of a break wherein you had all sort of noise which kind of was an intermission in the whole India story which was unfolding,» says Aniruddha Sarkar, Quest Investment Advisors. Who will blink first in your view, the market or the investors. Everybody was expecting further lows, but it is not obliging the bulk of the participants, market. I would say that, obviously when you have all the noise around the election and the last couple of months, it was actually a very excellent time for the long-term investors because all the noise that gave so much good opportunity to enter into some of the good companies at such valuations which was not visible for the last six-seven months. So, having said that, I think if you look at the flow of the money of domestic investors, the answer to your question is that definitely the domestic investors have understood that on the panic days you deploy. In fact, it is very encouraging to see that on the date of the election results, the domestic fund flow was almost like massive, 22,000 crore, which was I would say was kind of a humongous number. So, having said that, I would say definitely FII money will come back.

global oil demand, the International Energy Agency (IEA) said Wednesday, forecasting rise in consumption by a massive 1.3 million barrels between 2023 and 2030. In its Oil 2024 Report, the Paris-based energy watchdog said India's oil demand is forecast to grow more than any country's other than China between 2023 and 2030.

The cryptocurrency market is on the run with the help of global economics getting a boost once again. People are looking for safe places to invest where they can get quick returns. Since the beginning of 2024, the top coins have gone beyond the reach of common investors as they create new ATHs. Now that people are looking to invest, there has to be a mid-cap token that can go big.

India's first-world digital infrastructure and financial inclusion, which has brought access to digital banking, payments, health, and credit services to almost 500 million people, are widely acknowledged. However, this technological progress has also led to a new threat: cyber fraud. India now ranks among the largest victims and perpetrators of cyber fraud worldwide.

India is witnessing an unprecedented heatwave this summer, leading to many heatstroke cases across the country. However, the dangerous temperatures can have another deadly effect on your body as well. According to healthcare professionals, high temperatures can also cause eye strokes.

«The economy right now has buffers to offset some of the global headwinds that could take place. And from here we do see economy slowing a bit because the central bank has been raising rates and the purpose behind raising rates is to tame inflation and the route to taming inflation is via growth,» says DK Joshi, Chief Economist, CRISIL. Just wanted to get in your take as to what, according to you, have been some of the key highlights, especially when it comes to the overall GDP growth at 8.2% under her tenure and how do you see that now given that there is stability, there is continuity with Nirmala Sitharaman at the helm? Well, the economy has done much better than expected. The GDP growth from the first advance estimates till the provisional estimates got revised from 7.3% to 8.2%. It is not only the GDP, the other factors such as the sustainability of this growth, it critically hinges on the infrastructure build-out that government has carried out. One of the key factors behind growth has been investment. Consumption is relatively weak, which we expect will pick up in 2024-2025 as the monsoons become normal. So, the supply side of the economy has got focus in the last five years and that is creating an upside potential to the economy.

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»

GAIL (India) Ltd. gained 2.25 per cent to Rs 217.6 in Wednesday's trade as of 10:15AM (IST). It hit a high of Rs 220.2 and low of Rs 214.5 during the session. The stock quoted a 52-week high price of Rs 233.0 and a low of Rs 103.2. The return on equity for the stock stood at 12.85 per cent. About 660,496 shares have changed hands on the counter so far.

A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot

«The next important signpost, of course, for the market would be the 100-day plan and of course the budget which will show us the way forward. But I think all indications are that it will be more of a continuation with the sector leadership remaining the same rather than anything materially different,» says Trideep Bhattacharya, CIO-Equities, Edelweiss MF. Market also had a very quick and sharp haircut on Tuesday, but then rebound equally sharply, barely giving anybody to deploy extra capital which was sitting on the side. I want to understand from you that the way messages from the government side of continuity and all the five most strategic and core kind of ministries were retained by BJP, so there was no compulsion of a coalition kind of politics displayed when the portfolio allocation was happening. Is market really taking heart because market up till now has really liked the work done by our external affairs ministry, finance ministry, even oil and gas for that matter, on various stuff? I would say that the results of elections this time have been sensible rather than sensational and that is the direction of a policy direction going forward as well.

"Indigo's current international ASKM share is anywhere between 25% to 30% and with this new Airbus order, which they placed some time back, the plans are to kind of expand their wings internationally as well," says Jinesh Joshi, Prabhudas Lilladher. I would not ask you which is your favourite airline. But I would definitely tell you that I was pretty intrigued to see the latest announcement from IndiGo saying that now they are working on kind of ensuring the wanderlust of citizens, especially the Gen Z is taken care of in the form of affordable long haul. They have already announced a kind of a business class as well. So, this is a transformation of the business model which is happening. I am not even going in the direction of big orders which they have placed. So, this transformation, as they move slightly higher, affordable long haul, longer routes overseas which was up till now completely captured by overseas airlines and even business class, will it improve their yields meaningfully in the years to come? Definitely they are taking baby steps towards premiumisation.

«Actually, within the power sector, if you look at the distribution companies, then I would say that they have been simply overvalued. Power Grid romping ahead into the overvaluation territory is clearly visible,» says Mahantesh Sabarad, Independent Market Expert. Will you use this dip as a buying opportunity on the likes of IndiGo and Honasa? Both these companies have very profitable outlook. So, generally a dip should mean that one can take a bite of these companies. But, if I look at IndiGo, you are entering the lean season right now and therefore one needs to be a little careful when it comes to the airline stock. As far as Honasa is concerned, they are in for a little tough competition ahead. So, one would rather wait out what the management would like to say post these dips, post these equity changes, etc, to really make more sense of it. As it is the overall market seems to be a little shaky right now and therefore we might have an effect on these two stocks.

«No, we opted for slight shift, sector rotation into the consumption and like you mentioned the broader lower, the rural consumption. See, one of the things with coalitions is that you will definitely expect a little bit of more revenue expenditure to go down the thing,» says Sunil Subramaniam, MD & CEO, Sundaram Mutual. What is it that you have done in the last week? Were you a seller in Tuesday's weakness and then a buyer thereof or were you buying on Tuesday when everyone was in panic mode? Yes, we were continuous buyers. Because the panic was essentially a concern driven around the coalition dharma and how that would affect allocations the government to capex and all of those kind of worries, whether the government would indeed be strong, would the two main support partners of the NDA drift away or not.

Indian stock market: On June 11, the Indian stock market benchmarks remained in a consolidation phase for the second consecutive session, influenced by subdued global cues.The Sensex commenced trading 191 points higher at 76,680.90 compared to its previous close of 76,490.08. It surged around 370 points to reach an intraday peak of 76,860.53. However, succumbing to profit booking towards the end of the session, the index ended 33 points, or 0.04 per cent, lower at 76,456.59.Also read: Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this weekSimilarly, the Nifty 50 began at 23,283.75, in contrast to its previous close of 23,259.20, and reached an intraday high of 23,389.45.

Mint explains why: Organized retail space completion will see a significant surge and add nearly 45 million sq. ft between 2024 and 2028-end in the top seven cities. The new addition of space will happen through 88 new retail developments, including shopping malls and large, integrated retail-led projects, according to estimates by JLL India.

Singapore Airlines has offered compensation to passengers of a flight that hit extreme turbulence last month