Wellness Financial News

Pidilite Industries Ltd. gained 2.39 per cent to Rs 2987.9 in Friday's trade as of 12:02PM (IST). It hit a high of Rs 3004.6 and low of Rs 2901.35 during the session. The stock quoted a 52-week high price of Rs 3073.2 and a low of Rs 2293.1. The return on equity for the stock stood at 17.76 per cent. About 4,416 shares have changed hands on the counter so far.

Sanjiv Bhasin, Director, IIFL Securities, says “in midcap IT, we are overweight on LTIM. We have been very positive on HCL Tech and Wipro. Wipro is our top largecap pick along with HCL Tech. However, the real fire in the belly is BHEL and Ircon. Put your money there because those are going to be the real outperformers at least till the elections.” Yesterday there was a good short covering. The May series will see a confluence of a lot of factors – the progress of monsoon, progress of polls, progress of earning season and now the US data. What do you think? Sell in May and go away will work or just like last time round, it would not work this time as well? Sanjiv Bhasin: You have been on a nice holiday in April. I suggest you take another break in May because yes, selling in May and going on a holiday is very much on the card. Markets have ignored all news and are relentless in their rally to upside and now all good news including NDA getting 450 seats on the poll front are also getting priced in. So, I would advise a lot of caution, particularly in stocks and sectors, which are not aligning with the growth which has come.

Lok Sabha elections always create a buzz around the D-Street. Over the long term, stock markets have generally exhibited positive returns despite short-term volatility related to elections. Volatility can work in both directions-upward and downward. While downward volatility refers to periods of declining prices and increased market uncertainty, upward volatility describes periods of rising prices and increased market fluctuations. While past performance does not indicate future results, historical market trends can provide insights. <div data-placement=«Mid

Sandip Sabharwal, asksandipsabharwal.com, says the Axis Bank stock needs to get re-rated higher. It trades at 1.8 times book while most of the other large private sector banks are more near 2.7 to 3 times. It trades at valuations which are 35% cheaper than HDFC Bank while on most parameters it is doing maybe as well or better in terms of gross NPAs, net NPAs, provision coverage, return on equity across the board. Disadvantage Kotak is turning out to be advantage with good numbers from Axis and the entire PSB bank pack is also holding out very smartly. SBI had a solid 4.25% move, the smaller ones are holding out well. What is it that you have made of the RBI move on Kotak banning addition of credit cards as well as online accounts and Axis numbers as well?

As registered investment advisors face an increasingly complex landscape marked by rapid technological advancements, changing client demographics, market uncertainty, and emerging investment opportunities, the path to sustainable growth and competitive differentiation has become more challenging than ever.

interest rate differential between domestic and US sovereign bonds has shrunk to its lowest levels in at least 17 years, an occurrence that textbook theory says should drive foreign capital out of India. Overseas investors, however, are in no mood to shun the world's fastest-growing major economy. If anything, an improvement in India's domestic and external fundamentals, along with events like the inclusion of domestic debt in global bond indices, has prompted foreign investors to pour funds here, a compressed rate differential notwithstanding.

Norwest Venture Partners backed by US financial giant Wells Fargo has raised its 17th global fund of $3 billion, the Menlo Park, US-based firm said Thursday. The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets — USA, Israel and India. It has $15.5 billion of assets under management.

ARK Invest is betting big on private tech companies.

Shares in U.K.-based mining giant Anglo American have surged after it received a 31 billion-pound ($39 billion) takeover bid from rival BHP Billiton

Election Commission took note of Prime Minister Narendra Modi's remarks and seved a notice to BJP preseident JP Nadda over the former's «infiltrator» comments during a campaign speech at Banswara in Rajasthan. It has also served a notice to Congress president Mallikarjun Kharge for Rahul Gandhi's campaign remarks on allegedly accentuating a «North-South» divide. Both parties have been asked to reply by April 29.

scoring 900 runs last season, then I don't think there would be any point in scoring those runs. It is my dream to be able to represent my country at a world stage in a tournament like that," Shubman Gill said while speaking to news agency ANI. "My captaincy experience has gone well.

Venice is divided — not just by canals, but since Thursday 8.30 am after the city started charging visitors Rs 5 (about Rs 450) for entering it. Paying a toll to enter Venice is being tried out as a plan to control 'over-tourism'.

Apple is currently in the works for launching a special event that is tentatively related to a product as the event invitation is titled 'Let Loose'. This features a motion graphic of a hand holding a pencil-like item which suggests that the product in question may be related to iPads, according to USA Today. The illustration of the hand holding the pencil includes different versions of the event invite on different Apple platforms, including YouTube, application, and site.

regulatory clarity on cryptocurrency trading in India and proposing that the government drafts legislation for monitoring digital assets as global financial hubs such as the US, UK and Hong Kong embrace crypto assets as legitimate trading instruments. “As more than 80% of G20 members and financial hubs are offering regulatory clarity on crypto assets, there’s an urgent need for a globally coordinated, clear policy framework on digital assets to mitigate risks and foster innovation,” the Bharat Web3 Association (BWA) said in a press note on Thursday.

Cetera is sharpening its focus on growth and succession as it appoints a seasoned M&A veteran to its leadership.

Even in a raging bull market propelled by a strong economy, some companies get left behind. Some deservedly so. Others perhaps not.

NEW DELHI : Water level in India’s 150 major reservoirs fell to 30% of their total storage capacity, with eastern and southern India seeing levels depleting rapidly owing to severe heatwave. While 26 reservoirs have 50% of normal water storage capacity, the level in reservoirs of eastern and southern regions has dropped to as low as 39% and 17%, respectively, as per the bulletin released by the Central Water Commission on Thursday.

Also read: Centre to soon bring amendments to IT rules to curb deepfakes The company said that complying with the rule would require storing vast numbers of messages for extended periods, which no other country mandates. It said the rule exceeded the scope of its parent law, the Information Technology Act, which does not mandate breaking encryption.

American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costs

New weight loss drugs are reshaping a dieting industry built on eating less and exercising more

China on Thursday sent three astronauts to its permanently inhabited space station for a six-month stay, in a regular rotation of Chinese astronauts onboard the "Tiangong" orbiting high above the Earth's atmosphere. The spacecraft Shenzhou-18, or «Divine Vessel», and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in northwest China at 8:58 p.m. (1258 GMT), according to state media.