Wellness Financial News

Godrej Consumer Products Ltd. traded 1.54 per cent lower in Monday's session at 12:13PM (IST). The stock opened at Rs 1225.0 and has touched an intraday high and low of Rs 1225.0 and Rs 1197.95, respectively, during the session so far. The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of 895.0. About 6,037 shares changed hands on the counter so far.

«Maybe we are entering into demand month, so prices may go up a little bit. But it is not going to be that steep increase in this quarter,» says Arun Shukla, President & Director, JK Lakshmi Cement. And surely a very good set of numbers, whether you look at it year on year basis or sequentially. But let us talk about realisations is what I want to start with. Because cement prices, they have started seeing a decline since the month of November. Now, what channel checks are suggesting that cement companies may actually take a bit of a price hike as well? Is that something you would concur with? What is your view on this? Yes, we had a very good set of numbers last quarter and kind of actions which we have taken in the last few quarters, that is getting realised now.

By Giulio Piovaccari and Nick Carey

By Clyde Russell

Investing.com-- Gold prices moved little in holiday-thinned Asian trade on Monday, with the yellow metal keeping to a trading range established over the past week as traders sought more cues from upcoming U.S. inflation data.

Investing.com-- Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week. 

Like most years, this year too commenced with the global business and intellectual elite making their way to the World Economic Forum at Davos this January in an attempt to demystify the world around and provide some answers to the challenges that abound. But by the time the Davos spectacle came to an end, there were more questions than answers for the world at large.

By Lucy Craymer and Renju Jose

BAPS Mandir’ in Abu Dhabi. He will also meet the top leadership of one of India's closest strategic partners in West Asia. The temple, the first traditional Hindu temple in the United Arab Emirates, sits on 27 acres of land generously gifted by the UAE leadership.

Kuwait, seven of the eight Indian navy veterans who were sentenced to death on 'espionage' charges, heaped praise on Prime Minister Narendra Modi, saying they wouldn't have been freed had it for the sustained diplomatic efforts at his behest to secure their release. Their death sentence was later commuted to an extended prison term following sustained diplomatic interventions and legal assistance from New Delhi. Relieved to finally walk free, the seven former Navy officers raised chants of 'Bharat Mata ki Jai' after arriving at the Delhi airport in the early hours of Monday.

Paytm story is headed. As you know well, even without the regulatory troubles, I didn’t have a high opinion of Paytm, either as an investment or as a business. Now, with the RBI coming down like a ton of bricks on Paytm Bank, things are much worse.

Satya Nadella told ET during his annual visit to the country last week. In an interview, the 56-year-old chairman and CEO of Microsoft Corporation called AI the new factor of productivity and said it will aid India's goal of being a $5-trillion economy. Edited excerpts: Congratulations on completing ten years at Microsoft. You're being talked about as the 'GOAT' of tech CEOs, the greatest of all time. Your success is partly due to the fact that you placed the right things at the heart of Microsoft 10 years ago, in terms of mobile, cloud, and so on. So, what is going to be Microsoft's paradigm ten years from now?

Satya Nadella, chairman and chief executive officer of Microsoft Corporation. Emphasising the role of artificial intelligence in driving increased productivity, the Hyderabad-born technocrat said it gives him “tremendous optimism” that it (AI) will further accelerate India’s growth as it races towards its goal of becoming a developed nation by 2047. “At the end of the day, what's the difference between being a developed country and a developing country? It’s just the rate of growth over long periods of time,” 56-year old Nadella told ET in an interview, last week. He cited the example of the digital public goods, which when “scaffolded or daisy-chained with a large language model” can create several innovative solutions for various sectors of the economy.

By Svea Herbst-Bayliss

Indian real estate takes a stride towards transparency and continues to attract global investments; the adoption of title insurance emerges as a pivotal step in safeguarding interests of stakeholders including homebuyers as well as institutional investors. Its usage is also witnessing gradual rise across key property markets in India. However, certain challenges including limited awareness and a fragmented regulatory landscape continue to hinder the widespread adoption. What is Title Insurance? Title insurance is a specialised form of indemnity insurance designed to protect real estate owners and lenders against financial losses stemming from defects in the title or ownership of a property. These defects could include undisclosed liens, encumbrances, errors in public records, or even fraudulent claims on the property's ownership.

Banks such as HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, as well as non-bank lenders and captive financiers of automakers like Mercedes-Benz and BMW are seeing a sharp spike in luxury-car financing, as consumers increasingly use loans to buy high-end vehicles. Outstanding bank loans to individuals for purchasing personal vehicles totalled ₹5.8 lakh crore at the end of December. While separate data weren't available on financing of luxury vehicles, executives in the banking and automotive sectors said that was a fast-growing segment of the car loan portfolios for lenders.

Large central public-sector entities – companies and undertakings (CPSEs) – achieved 83% of their combined capital expenditure target for FY24 in April-January by spending Rs 6.09 trillion, supporting the public capex-led economic growth revival.

Coveted worldwide for their style, design and durability, but shut out of the Indian market over quality rules: That’s the paradox facing French luxury brands like Louis Vuitton, Dior and Christian Louboutin trying to sell their exquisite footwear in India. Footwear imports by these brands and others have faced hurdles after the government’s quality rules mandating the application of BIS standards for imported footwear, including embossing ISI marks on all footwear sold in India took effect in July 2023, three people aware of the matter said. Under the quality control order (QCO) on footwear, no company can manufacture, import, distribute, sell, hire, lease, store or exhibit any product in the country without the ISI mark.

A generation ago, one popular song implored workers to tell their bosses to “Take This Job and Shove It.” Judging from how many Americans are choosing retirement, millions are taking that advice.

Amit Shah has asked Karnataka’s BJP unit that it must win all 28 Lok Sabha seats in the upcoming elections with a 10% increase in the party’s vote-share at each booth compared to 2019. The political environment across the country was favourable to the BJP. The State unit must work hard to convert Prime Minister Narendra Modi’s popularity into votes with increased vote-share, Shah said, at strategy meetings he held in Mysuru with the BJP core committee leaders as well as with the cluster leaders of Mysuru-Kodagu, Mandya, Hassan and Chamarajanagar Lok Sabha seats. Shah’s meeting to get the election preparations rolling comes amid Chief Minister Siddaramaiah and Karnataka Pradesh Congress Committee (KPCC) President DK Shivakumar targeting to win 15-20 seats on the back of five-guarantees it has rolled out.

Punjab Chief Minister Bhagwant Mann on Sunday accused the Haryana government of creating a border «between Punjab and India», referring to the concrete blocks, nails and barbed wire placed on some roads to scuttle the farmers' proposed 'Delhi Chalo' march. He said the Manohar Khattar-led Haryana government has placed as much barbed wire at the state's borders with Punjab as there is at the country's border with Pakistan. Khattar, however, justified the steps taken by his government to seal the state's borders and stop Punjab farmers from marching towards the national capital, saying the arrangements are aimed at maintaining law and order. Haryana authorities have sealed the state's border with Punjab at Shambhu near Ambala district, placing concrete blocks, sandbags, barbed wire and anti-riot vehicles on the roads going towards Delhi. Elaborate arrangements have been made at the state's borders with Punjab in Jind and Fatehabad districts as well.