Wellness Financial News

The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of 604.0. About 92,561 shares changed hands on the counter so far.

low voter turnout in the first two phases of 2024 general elections a «myth», an economist at the country's largest lender SBI has said comparing the absolute number of votes cast is a better way to analyse the turnout. Soumya Kanti Ghosh, the group chief economic adviser at SBI, said there has been 0.4 per cent increase in the absolute number of votes cast in the first two phases. «The unending debates propagated around supposedly low voter turnout in the first two phases of the General Elections 2024 is a myth. A better measure of votes cast is the absolute number of voters,» he said in a report. The Election Commission has been working to increase the voting percentage in the remaining phases of the polls.

connectivity initiatives between India and Sri Lanka, Indian envoy Santosh Jha has said, as he visited the three districts in the province to take stock of several India-assisted projects. During the visit last week, Jha, India's High Commissioner in Sri Lanka, highlighted the multi-sectoral grant assistance package consisting of 33 different projects throughout the province in diverse areas as well as ongoing discussions between the two governments to collaborate for the comprehensive development of Trincomalee, an official statement said. He took stock of several projects being implemented by the Government of India for the people of the province and visited various sites of historical, cultural and commercial significance.

₹8,370.65, up 1.08% on the BSE. Questions also linger regarding the execution of a deal announced by Linde last year with Indian Oil to supply hydrogen, nitrogen, and compressed dry air to its Panipat facility. Although the deal was announced by parent Linde plc, there has been no confirmation from Linde India on its involvement in the project.

Investors can expect significant growth in the capex, manufacturing, and infrastructure development in this financial year, says Sneha Poddar, AVP, Motilal Oswal in an email interview with MintGenie.

risk appetite, you may want to earn a higher income at a slightly higher risk. Besides opening a fixed deposit (FD) with a bank, you may consider opening an account with a non-banking financial corporation (NBFC) as well which typically offer a higher interest rate on their fixed deposits but are slightly riskier vis-a-vis banks. Here we list out NFBCs offering higher interest rates Bajaj Finserv: This NBFC offers higher interest rates on special periods i.e., 18, 22, 33 and 44 months.

Sanjai Kumar, CMD, RailTel, says LTE and Kavach put together, there is an opportunity of Rs 35,000 crore and we expect to get orders worth Rs 5,000-6,000 crore. Kumar also says:. “When we talk of volumes in terms of capacities, we are growing, but this year we have already planned some strategies and we are hopeful of at least double digit growth. We are trying to get 10% plus this year.” Congratulations,you have surpassed your FY24 growth guidance by a big margin. What targets have you set for the company for FY25 and what kind of revenue growth are you expecting? Also, what margins do you expect in FY25? Sanjai Kumar: Overall, we talk of annual performance. We are satisfied with the performance. We have grown by 31%. In 2024-25, we hope to continue with the same growth guidance in terms of revenue. It will be around 30%. The EBITDA margin, which was 18% last year, is expected to continue this year as well.

With Nifty and Sensex trading close to all-time peak levels, Vinit Sambre, Head-Equities, DSP Mutual Fund, says there are looming risks to earnings growth over the upcoming quarters, primarily due to persistently weak consumption trends and the possibility of reduced government spending during election periods. «Given the elevated expectations and rich valuations, there is no room for any error. Consequently, any potential downward revisions in earnings forecasts could pose a risk of corrections in the market over the next 2-3 quarters,» he warns in an interview to ET Markets. Edited excerpts from a chat: Following a correction in February and March months, smallcaps bounced back with a bang in April. Isn't this leg of rally largely led by retail liquidity? Vinit Sambre: India's compelling narrative of robust economic growth, fuelled by ongoing reforms and government spending into core areas, has attracted investors eager to be part of this growth trajectory. Even minor corrections prompted by non-fundamental news have become opportunities for investors to enter the market, capitalizing on businesses available at comparatively lower prices than the recent past. The fear of missing out (FOMO) further motivates sidelined investors to seize these dips.

space sector will help attract foreign players as well as startups and will boost demand for high-tech jobs, experts say. The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The provisions were notified last month.

Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become «the growth industry of all time.» Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of AI. And it looked and sounded just like him. Someone made a fake video of Buffett, apparently convincing enough that the so-called Oracle of Omaha himself said he could imagine it tricking him into sending money overseas.

Israeli soldiers were killed in a rocket attack claimed by Hamas armed wing, near the southern Gaza Strip city of Rafah, where Palestinian health officials said at least 19 people were killed by Israeli fire on Sunday. Hamas's armed wing claimed responsibility on Sunday for an attack on the Kerem Shalom crossing into Gaza that Israel said killed three of its soldiers. Israel's military said 10 projectiles were launched from Rafah in southern Gaza towards the area of the crossing, which it said was now closed to aid trucks going into the coastal enclave. Other crossings remained open.

Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day.

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Regardless of how many precautions investors take, fraudsters  devise a number of ways to defraud the gullible victims.

Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.

. However, in the event of any political surprise, the markets will witness a significant downturn, requiring a substantial amount of time to bounce back. Additionally, any tax hike on equities, at the very least, will result in an equivalent and opposite price reaction, which would overshadow any other positives, Arora added.

Kolhapur is one of a few seats in Maharashtra that Congress is confident of bagging in this election. BJP's decision to backtrack from claiming this seat from Eknath Shinde's Shiv Sena too indicates that the going will not be easy for NDA this time. In the runup to the polls, BJP was pressurising Sena to hand over this seat in western Maharashtra to it. Shinde resisted the pressure as the Sena had a sitting MP, Sadashiv Mandlik. Yet BJP was relentless in seeking the seat, but then gave up the claim, the reason for which probably was the candidate Congress has fielded. Congress has managed to convince Shahu II Chhatrapati Maharaj, a descendant of Maratha warrior king Shivaji, to contest the polls. More importantly, he is the great grandson of Rajarshi Chhatrapati Shahu Maharaj, a maharaja of the former princely state Kolhapur and a well-known social reformer. During his rule, he had encouraged Dalit children to study and provided 50% reservation for them, as well as offered scholarships for poor meritorious students from the community. He established schools for women and legalised widow remarriage and worked to abolish child marriage. Within a day of Congress announcing Shahu Maharaj as its candidate, Prakash Ambedkar's VBA, which was making its own plans to contest separately, announced it would support his candidature.

Buffett cautioned the tens of thousands of shareholders at his annual meeting.

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Shiv Sena (UBT) chief Uddhav Thackeray on Sunday said even if the BJP opens the door for him, he will not go back to his former ally, accusing the saffron party of sinking his government in 2022 through «treachery». Addressing a rally at Alibaug in Maharashtra's Raigad district, Thackeray claimed if the BJP wins the Lok Sabha polls, crackers will be burst in India as well as in China as there will be a «timid» government in New Delhi. He slammed the BJP over Prime Minister Narendra Modi's remarks that Pakistan was eager to make Congress MP Rahul Gandhi India's next PM. Thackeray said the former ally resorts to fearmongering using Pakistan's name during polls. Referring to the Poonch terror attack, Thackeray said the PM and Union Home Minister Amit Shah won't go there, but visit Maharashtra to destroy him.

Zomato, Larsen & Toubro, Aditya Birla Capital and more, who have built AI assistants that are already operational—a trend that Chandok feels will only rise. "We’ve seen a 10x growth for Microsoft Copilot in India in the last six months," the executive said. The Redmond, Washington-headquartered Big Tech firm has multiple active partnerships with almost all of India’s top IT services firms—for instance, in October, the company ramped up an AI partnership with Tata Consultancy Services for adoption of its Azure OpenAI platform across various AI use cases.