Wellness Financial News

Info Edge (India) Ltd. gained 1.5 per cent to Rs 5156.0 in Monday's trade as of 12:02PM (IST). It hit a high of Rs 5162.8 and low of Rs 5039.7 during the session. The stock quoted a 52-week high price of Rs 5536.8 and a low of Rs 3310.0. The return on equity for the stock stood at -0.81 per cent. About 4,287 shares have changed hands on the counter so far.

Ashish Gupta, CIO, Axis Mutual Fund, says “we have seen a big deleveraging of the corporate balance sheet and the expectation is that the next five-seven years will again be a deleveraging cycle for corporate India. We are still in the early part of the capex upcycle. So while multiples of some of these companies have gone up, the confidence stems from the fact that it is a multi-year cycle. Typically, these cycles last for seven-eight years. We are probably in the first couple of years of the upturn. Notwithstanding the elections, just the capex cycle has turned around and should benefit these companies.”

Eknath Shinde on Monday inaugurated the south-bound corridor of Mumbai's coastal road, nicknamed Phase 1 of the Mumbai Coastal Road Project, stretching from Worli to Marine Drive in South Mumbai on Monday, March 11th. A 10.5-kilometer-long stretch will be opened for traffic in the first phase, an official said, adding that motorists can enter the coastal road from Worli Seaface, Haji Ali interchange and Amarson's interchange points, and exit at Marine Lines. “The maximum speed limit on Dharmveer Swarajya Rakshak Chatrapati Sambhaji Maharaj Marg (Coastal Road) will be 80kmph, while in the tunnel it will be 60kmph and during turning & entry-exit points it will be 40kmph," Mumbai Traffic Police wrote in a post on X.

photo shows Kate seated with Princess Charlotte, Prince Louis and Prince George hugging her. The photo was shared on social media. It includes a note from the Prince and Princess of Wales: "Thank you for your kind wishes and continued support over the last two months.

Kotak Institutional Equities finds the recent rally in the PSU (Public Sector Undertaking) space flawed and advises investors to book profit and exit most of their positions. The brokerage firm, in its March 9 report, pointed out that PSU stocks have rallied without any significant change in their fundamentals as well as without any meaningful reforms.

Last year, Hollywood served up some dramatic, strange and nail-biting films for moviegoers, but only the best of the best could take top honours at the 96th annual Academy Awards.

Weather today: IMD issues snow, rain alert in THESE states; yellow alert for thunderstorms, lightning in Himachal Moreover, the Met Department has said that the western disturbance is expected to bring rainfall to isolated areas in Sikkim and Arunachal Pradesh. The weather office stated that isolated light rainfall to snowfall over Arunachal Pradesh from the 9th-13th March and scattered light rainfall or snowfall on the 14th and 15th of March.

Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI.

education’. The real question is why an employer hires an economics graduate in product design, or a civil engineer in marketing. Michael Spence received the Nobel prize for his Harvard thesis, where he proposed the idea of job market signalling, a foundational concept in labour economics. Here’s how to understand the way employers read signals, and apply this to stand out. Education Individuals acquire credentials or education not necessarily because it will help them contribute directly to work productivity, but because these signal a higher ability to potential employers and help land better jobs. Most valuable education courses have either entry or exit barriers. So, tough entrance exams like JEE, NEET and CAT are a high entry barrier to top institutes, and clearing chartered accountancy exams is a high exit barrier. The tougher the course, the stronger the signal for the job market, and better returns in compensation. A clear hierarchy plays out in course and college selection. It’s no surprise that, on an average, STEM (science, technology, engineering, math) degrees from institutes that are tough to get into, signal higher capability and result in above-average salaries. Use this idea to conduct a cost-benefit analysis of academic qualifications that you choose to pursue.

ABSL Mutual Fund launched a thematic fund, providing investors a way to play the emerging ‘manufacturing’ theme. Fast forward nine years and the investors who stayed the course find the thematic fund’s 12.5% return since inception lower than the broader market return for the respective period. Thematic new fund offers (NFOs) make a tantalising proposition—targeted exposure to specific themes. But do these funds truly perform? Statistically, funds like ABSL Manufacturing that didn’t do well form 36% of the thematic NFOs launched in the past 10 years. A higher 64% have done better than the overall market since launch, an ET Wealth study shows. Game of themes The reason for AMCs coming up with more thematic NFOs in recent years has been largely due to the regulatory cap of a single fund per category. However, funds can have any number of unique themes. Between 2014 and 2017, there were only six thematic equity NFOs (actively managed), but in the 2018-23 period, 55 new funds came into the market. Buoyant markets have helped. With equities giving double-digit returns in four of these six years, thematic funds have easily attracted eyeballs.

Technical analysts predict Nifty is likely to advance towards 22,600, followed by 23,000, with robust support at 21,920. They suggest stocks such as Oracle Finance, HDFC Life, Marico, Pidilite, ICICI Bank, Maruti, Cipla, Sun Pharma, Larsen & Toubro, PNB, HAL, and Dixon could continue to attract significant buying interest. RUCHIT JAIN LEAD RESEARCH, 5PAISA.COM

Investing.com-- U.S. stock index futures fell in evening deals on Sunday, extending declines on Wall Street as the technology sector was walloped by profit-taking, with focus turning squarely to key upcoming inflation data.

By Michael Holden

Just Futures, a public benefit corporation committed to social justice, is breaking into the public retirement plan market with new options that allow workers to align their savings with their values.

Oracle is a buy with strong earnings and guidance on deck.

An Economist article on 7 February 2024 by Elizabeth Lees presented a pictorial representation of the world’s heat map over the past 60 years as compared to pre-Industrial Age temperatures. The latter half of 2023 showed a 2° Celsius heating above the pre-industrial level, and while it was an El Niño year of additional warming, this illustrates the climate-change disaster that we are facing today. The only way the earth will survive is if we stop using fossil fuels as a source of energy at the earliest.

The script at China’s National People’s Congress is pre-determined months before the event, but there had been speculation this week that Beijing might name a new foreign minister. Instead, it seems senior diplomat Wang Yi will continue in the role. The world’s second-largest economy has missed a trick.

OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company’s turmoil

Arizona officials say a Saudi-owned company they targeted over its use of virtually unfettered amounts of groundwater to grow forage crops is moving its farming operation out of a valley in the Southwestern state’s rural west

A federal judge on Friday rejected a challenge to a Washington state law that cleared the way for lawsuits against the gun industry in certain cases

pension funds in Canada and a leading global investor, has appointed former Deloitte chief executive N Venkatram as the country chair for CDPQ India. Venkatram, known as Venkat, will join the fund on April 1, 2024, and will also be a member of CDPQ's global management team, the company said. Venkat served as the CEO and managing partner of Deloitte South Asia from 2015 to 2023. He was also on the global executive of Deloitte Touche Tohmatsu, and Asia Pacific executive as well as a member of the South Asia board and the executive committee for 12 years.