Wellness Financial News

Read here: February inflation remains steady at 5.1% but food inflation up The marginal fall in India’s headline retail inflation last month was in line with the expectations of most economists and they expect the RBI’s Monetary Policy Committee (MPC) to stay put in the next meeting but may look to cut the repo rate in the second half of calendar year 2024. Madhavi Arora, Lead Economist at Emkay Global Financial Services expects higher food prices to pull headline inflation upwards in March, however, core inflation to ease further, and continue to significantly undershoot headline inflation in FY25 as well. “We see FY25E inflation at 4.8% (FY24: 5.4%), with core at 4.0% (FY24: 4.4%).

Samir Arora, Founder & Fund Manager, Helios Capital, says “there is no need to overly worry right now. Let us go bullish till budget and then evaluate properly for the next six-nine months. We have been bullish and let us continue other than the small changes here and there. The money that we raised from selling the smallcaps, we invested into two or three largecaps.” You have tweeted on ITC because of the BAT sale. You have rightly tweeted that first you were expecting the government to sell a stake in ITC. But the opposite has happened and BAT is selling stake, not the government. Samir Arora: During the SUUTI share sale, I used to tweet a lot saying, it is easy to sell this one, the government should not be seen as owning cigarette stocks. Therefore, we used to think at that time BAT may be interested in buying. But now, we see, it is the other way around. But you have to give credit to this market. This market has become so big, that knowing that there will be a $2 billion or whatever dollar sale, somebody came and immediately bought ITC. That was amazing! People have too much money, I think these days. For only 1% correction, they jumped in and bought today, knowing that there will be a $2 billion size sale.

Shaitaan Box Office Collection Day 5: Supernatural horror-thriller, Shaitaan, witnessed a sharp decline on Monday and the slump continued on Tuesday after performing exceptionally well over the weekend. The Bollywood movie stormed the box office on the day of its release, March 8, and made consistent progress thereafter before its business plunged on day 4 of its release. According to industry tracker Sacnilk, the film raked in ₹61.25 crore net during its five-day theatre run.

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Linde India, an industrial and medical gas maker, as the company is seen as one of the biggest beneficiaries of the growth in semiconductor manufacturing in India. The stock jumped over 7% on Tuesday, extending the winning run to the second straight day, and is expected to go up by another 14% in the near term driven by the bullish momentum. The stock, which closed at ₹6,315.70 on the BSE on Tuesday, gained 13.2% in the past two trading sessions.

Monday, March 11, 2024 – The bitcoin price recently broke through $70,000 in spectacular fashion, spurring on crypto traders to find the best way to gain exposure to the bull run, which is where Green Bitcoin ($GBTC) comes in after raising $3.2 million in presale.

United Arab Emirates — China, Iran and Russia have begun a joint naval drill in the Gulf of Oman, a crucial waterway near the mouth of the Persian Gulf, officials said Tuesday. Footage aired by Chinese state television and a video released by the Russian navy showed the ongoing drill, known as «Marine Security Belt 2024.» China sent the guided-missile destroyer Urumqi and the guided-missile frigate Linyi to the exercise. Russia's forces are being led by the Varyag, a Slava-class cruiser.

Narendra Modi will on Wednesday lay the foundation stone of the Tata-Powerchip Semiconductor Manufacturing Corp chip fabrication unit at Dholera and the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand in Gujarat as well as the Tata OSAT unit at Morigaon in Assam. He will inaugurate all three units virtually, an official release from the government said. “13th March 2024 — a special day in India's efforts to become a hub for semiconductors. Tomorrow, will take part in the ‘India’s Techade: Chips for Viksit Bharat’ programme and lay the foundation stones for three semiconductor facilities worth over Rs. 1.25 lakh crore. Among the highlights of the programme will be the participation of students from over 60,000 institutions,” Modi posted on the micro-blogging site X.

Police in southeastern Poland say that an alert tax driver prevented a scam in which an elderly woman would have lost the equivalent of about $36,000 for a phony bailout of relatives from jail

Vishal Mega Mart plans $1 billion IPO, investment banks to pitch this week: Report Established in 2023, Royal Sense Limited specializes in the provision of a wide range of products including Medical Equipment, Surgical Instruments, Surgical Consumables, Laboratory Equipment, Laboratory Reagents, Medical Disposables, and Diagnostic Kits. The company distributes its products to the Ministry of Health Departments in several states including Uttar Pradesh, Himachal Pradesh, Rajasthan, and Jammu & Kashmir, as well as directly within these regions through a network of distributors and sub-dealers. Additionally, the company extends its product supply to government institutions and private hospitals nationwide.

March 11, Bengaluru: Gameskraft Technologies Pvt Ltd., one of India’s leading skill-based online gaming companies, today announced its plan to continue with its CSR initiatives geared towards skill-building and education. Gameskraft has roped in leading firms Deloitte India and Khaitan & Co. to advise in the space of education.

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.

Bitcoin continued its record-breaking rally on Tuesday, boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Simultaneously, its market capitalisation has reached $1.414 trillion, surpassing that of silver to become the eighth most valuable asset in the world.

Millions of Americans are hoping for the length of retirement previously enjoyed only by those who could afford to give up work in their 50s or lived well beyond the average.

The financial industry sometimes overlooks the significant differences in investment knowledge from one person to the next. Some people are savvy, self-directed investors, while others do not understand the difference between an RRSP and a TFSA.

New trust reporting rules first proposed in the 2018 federal budget require most trusts to file a T3 tax and information return with expanded reporting on who the settlor(s), trustee(s) and beneficiaries of the trust are. Such requirements seem benign, but the amount of information needed to be disclosed on such people can be daunting.

Investing.com — The Dow eked out a gain Monday, as investors looked ahead to upcoming inflation data that will likely shape the Federal Reserve's interest rate outlook. 

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets remained cautious before key U.S. inflation data, while Japanese stocks saw extended losses amid more signs that the Bank of Japan will raise interest rates soon.

Edited excerpts from the interview: It has played out really well. For me real estate has outperformed the equities portfolio. If you remember, around the end of 2020 and early 2021, the stock market had already recovered from the covid lows.

Chapman joined the board at the point of its inception in October 2014 and the directors expressed gratitude for his «valuable contribution» during his tenure. Barclays poaches Brown Shipley private banking head Non-executive director John Blowers has taken over as chair. He joined the board in August 2022. Blowers said: «Andrew has been a constant positive presence since the launch of RMMC, and his experience and wise counsel will be missed. The board wish him well and thank him for his service.» Blowers is managing director of UK platform Stockomendation, a role he took on in ...

CA Rudramurthy BV, MD, Vachana Investments, says “for me it is very clear one has to be in largecaps and use this dip to buy only quality stocks, stay away from mid and smallcaps for some more time. Let this leverage effect and all the unsecured loan book issues which are all happening fundamentally, correct for some time and then look into quality mid and smallcap or else do to avoid them very much.” Rudramurthy further says: “ Pick up stocks like Tata Chemicals, Tata Power, HDFC Bank, IndiGo and avoid mid and smallcap and I see some more correction possible in mid and smallcap and only someone who can understand shorting well can even look at opportunity to short this market.” Looking at the markets in the last couple of days just not understanding what trend one should watch out for because in the morning, we saw a bit of a redness, then the Nifty again managed to jump up to the green 22,450 levels. We saw a fall, trading flattish and a jump again.. What is the view on the markets? What is it looking like? CA Rudramurthy BV: I am very clear that both in terms of Nifty and Bank Nifty, we have to see some more consolidation time-wise and also we will see some price-wise correction.