Wellness Financial News

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel a...

U.S. stocks are mixed in quiet trading ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates

Narendra Modi's «lower political capital» will make it difficult for the new government to implement hard reforms, a Swiss brokerage said on Monday. The potential rate of growth can go up to over 7.5 per cent, if the government is able to implement tougher reforms like those related to land, farming, divestments, Uniform Civil Code and one nation one election, UBS Securities said.

Karnataka Home Minister G Parameshwara on Monday slammed the newly-minted central government, accusing the NDA 3.0 regime of “neglecting” backward classes and Dalit communities while picking MPs from the state for the union council of ministers.

The results of the weekend’s European Parliament elections may not have been entirely surprising, but they’re a shock to Europe’s system nonetheless. So-called euroskeptic parties notched their best results to date in Continent-wide polls. This doesn’t mean Europeans don’t want the European Union, but it does signify they want an EU that serves them better.

From ₹3.8 to 21.68: This multibagger penny stock soared 470% in over 2 months; check hereThe markets regulator also said that it will not freeze mutual fund portfolios and demat accounts of investors who haven't submitted nominations.This decision, applicable to existing investors and unitholders, stems from feedback from market participants, emphasizing the importance of compliance ease and investor convenience. According to Sebi's circular, investors possessing securities in physical form will still be entitled to receive dividends, interest payments, or redemption payments, as well as to lodge grievances.The decision - for existing investors and unitholders - has been taken based on representations from the market participants, citing need for ease of compliance and investor convenience.

Reasons to buyReasons to avoidThe Aquaguard 10-Stage Water Purifier offers comprehensive purification with the added benefits of mineral enrichment. It is suitable for municipal water sources and is designed to provide safe and healthy drinking water for your family.Reasons to buyReasons to avoidAlso read: Livpure water purifier for healthy homes for September 2023: 8 options to chooseThe Aquaguard Stainless Steel Water Purifier is a durable and reliable choice for households relying on municipal water sources.

«Look at companies where growth is intact but are trading at reasonable valuations rather than chasing momentum and looking at companies where valuations are elevated,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What part of this nervousness will you attribute to the uncertainty regarding the portfolio allocations at the cabinet level or do you think whoever gets whatever in terms of the various ministries, it does not really change the prospects at company level, at the index level and hence one should completely ignore the noise which is coming in from the political scene right now. Our belief is that now that the elections and the verdict is behind us, it is back to basics and back to fundamentals. So, for India as such and for the markets, if you look at the three factors that were driving markets so far are largely intact.

Healthy Life Agritec has demonstrated remarkable value for its shareholders. The stock has given multifold returns to its investors, skyrocketing 470 percent in a little over 2 months, since April 2024, from ₹3.80 in March 2024 end.Overall, in 2024 YTD, the stock has rallied 309 percent, while, in the last 1 year, it has soared 190 percent.It has advanced 19.5 percent in June so far after a 159.5 percent surge in May and an 84 percent jump in April.

Motilal Oswal Financial Services (MOFSL) soared 18.7 per cent on Monday on the BSE, hitting a new all-time high of ₹719.95 as the stock began trading ex-bonus from Monday’s session.In May, the financial services company announced a bonus share issue for its shareholders who are eligible in a 1:3 ratio. This means that the shareholders are entitled to receive three bonus or free shares for every share.With Monday's surge, the stock is now up 113 per cent for 2024, marking its best calendar year performance since 2017, when it nearly tripled with gains of 186 per cent.

Tata Steel as its 'top pick of the week'. This is due to reduced costs in Europe, increased capacity in India, lower coking coal prices, and strong operations in India.The brokerage has a ‘buy’ call on the stock with a target price of ₹179, implying a potential upside of 10 percent.Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of 35 mtpa.

Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024.In April, the stock made a robust comeback, ending the month with a 4.18% gain and extending its rally into May with an additional 15% increase. So far this month, shares are up nearly 10%, resulting in a cumulative gain of 31.60% in less than three months, trading at ₹654.60 apiece.

₹10,000 crore across five years for AI development. It will support AI super-computing infrastructure accessible to startups, academia and industry. As India joins the AI race, we must it prepare for the next evolutionary leap that is Artificial General Intelligence (AGI).

In a stock exchange notice today (10 June), the trust said the potential sale is representative of its wider portfolio and contains a range of both new build and adapted properties, as well as self-contained and shared homes.  In May, the trust set out intentions to make further portfolio sales this year to resume its share buyback programme. The plans follow the sale of specialised supported housing properties in August 2023 for around £7.6m. Triple Point Social Housing eyes portfolio sales to resume share buybacks The sales would be used to return capital to shareholders via furt...

Industry body DIPA has pledged its support to India's digital and telecom transformation under the new government and sought a clear roadmap that would cement the country's lead in digital infrastructure. Digital Infrastructure Providers Association (DIPA) said the industry is eager to collaborate with the government and contribute its expertise to drive the country's digital transformation further.

Read here: Stocks to buy: Top four stock picks by Kotak Equities for JuneThis is because the favourable result of the Modi-led NDA forming the government for the third straight term will lead investors to think for the next 5 years and leave aside near-term over-valuations.However, in the latter part of June, the brokerage believes the focus will shift to the Budget wherein the government has received a bonus from RBI in the form of a Dividend of ₹2,11,000 crore which will support the budget for higher capital spending and lowering the fiscal deficit."We may see some softness in the market towards the later part of June month as the market will start factoring in June quarter results. The June quarter results are likely to be soft on account of slowdown in activity due to election and extreme heat waves," it said.Read here: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeksMoreover, it added that with sticky inflation the rate cut cycle got postponed from June to November in the US but corporate results for the March quarter were strong and ahead of expectations, that supported the market and took it to a newer high.

₹20,000, indicating no significant impact on their operations. They have seen robust gold loan growth even in April and May. Rising gold prices typically boost demand for gold loans, albeit with a lag, signalling a positive outlook for these lenders.

IND vs Pak T20 World Cup match on Sunday evening, said the team's recently appointed head coach, Gary Kirsten. He stressed the importance of rotating the strike, especially on difficult pitches like this one. He mentioned that his team did not execute this strategy effectively, PTI reported.

Apple-like ecosystem and increasing the localization of its supply chain. “Localisation of our manufacturing is created by a combination of supplies from abroad, as well as from India," Muralikrishnan B, presdent, Xiaomi India, told Mint. “Today, we continue to have conversations to figure out how more of our supply chain partners, based in China or elsewhere, come and set up shop in India.