Wellness Financial News

By Eduardo Baptista

washing machine is a testament to its continuous commitment to customer satisfaction. IFB washing machines are distinguished by their elegant fusion of state-of-the-art technology and intuitive design. Features like Aqua Energie, the 3D Wash System, and the Crescent Moon Drum demonstrate the brand's dedication to providing an unmatched washing experience.

Devang Mehta, Director — Equity Advisory, Spark Private Wealth, says “markets are slaves of earnings. Earnings have started on a good note, more so the last quarter was also good. We are seeing margin expansion and market leaders coming back to the fore. A lot of companies like Reliance, a lot of IT participants which are huge overweights on the indices, all this confluence of factors, plus the foreign investors are still as such are still missing. Ideally, I would not get carried away by index targets. I would be more delighted if this is an earnings led rally, rather than being a rally of everything and anything or laggards doing well.” The buzz is that the Nifty will definitely cross 24,000 in 2024. Can you see that as a possibility or is that expecting too much? Devang Mehta: We probably saw 20,000, 21,000, 22,000 all coming too soon. It took the market 25 sessions to go from 21,000 to 22,000. So, it is very possible. Ideally, why? I do not want to put a figure to the index right now, but yes, if you ask me, there are a confluence of factors, be it macros, be it global macros, be it local macros, be it micros, sentiment towards equities as an asset class is great.

Amit Shah has cancelled all his engagements in Gujarat following the demise of Rajeshwariben Shah, he said. Rajeshwariben was in her mid-60s.

By Anton Bridge

Investing.com -- U.S. stock markets will be closed on Monday for a federal holiday following a muted session to end the prior week in the wake of a fresh slate of bank earnings. More Wall Street lenders are due to report results on Tuesday. Elsewhere, the World Economic Forum in Davos is set to begin, as a survey of top economists shows that the outlook for global growth this year is «subdued.»

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Porinju Veliyath has raised his stake in Kerala Ayurveda by 164 bps to 4.82% in the quarter ended December 30, 2023. At the end of the September quarter, he held 3.18% stake in the company. The value of his holding is nearly Rs 17 crore, Trendlyne data said. Shareholding of individual investors is reflected in the ‘Shareholding Pattern’ of BSE-listed companies only if it is 1% stake or above in the company. The smallcap counter has delivered multibagger returns of over 200% in the past 12 months, which is significantly higher than Nifty itself, which has delivered impressive returns of over 23% during this time.

Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy, believes keeping the elections in mind, one can expect a populist budget. In an interview with MintGenie, he advised investors to create a position in the agriculture, infra, and real estate sectors. One can look to book some profit in small-cap and mid-cap space and create positions on the large-cap, real estate-related companies, and debt, he added.

Prateek Aggarwal, CFO and Ramachandran Sundararajan, Chief People Officer, HCL Tech, in conversation with ET Now. Prateek Aggarwal says: We continue to have a good margin story for the full year. September quarter was a great one and so was December. We look forward to close the year at a good clip. Ramachandran Sundararajan says: “We will continue the hiring trend for Q4 to support the growthwe have projected for Q4. Our lateral hiring will continue for Q4. In the case of fresher hiring, we continue to honour our commitments for on-boarding. We will see a fresher on-boarding happening in Q4 as well. So net-net, we expect Q4 to be a net addition to our headcount. But it is early to talk about FY25.” The company recorded a strong 32% growth in the P&P business. Want to understand that, was there any one-off or this was bunching up which actually fuelled the growth? Prateek Aggarwal: No, no one-off. Actually, that is the inherent seasonality that we have in the software business. It all depends on which customers and how many of them we are in touch with during that quarter. This business has 7,000-8,000 customers. So the seasonality is dependent on the number of customers that have their renewals coming up in this quarter.

cricket series. His 63 not out off 32 balls helped India win. In the first game at Mohali, he didn't get out and scored 60.

Mayawati on Monday said that her party would fight 2024 Lok Sabha Elections “alone". Mayawati has not yet joined any of the alliances--the INDIA bloc or the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA)--and the crucial 2024 Lok Sabha elections are just a few months away. Mayawati, who had served as the 18th Chief Minister of Uttar Pradesh, turned 68 years old on Monday, said she had no plan to retire from politics.

Pidilite Industries Ltd. gained 0.41 per cent to Rs 2744.0 in Monday's trade as of 12:19PM (IST). It hit a high of Rs 2746.6 and low of Rs 2718.4 during the session.

Polycab India Ltd’s shares are down 27%. Reports of tax evasion by the company have created an environment of uncertainty. A press release from the finance ministry has stated that the income tax department had initiated search and seizure operations of a group engaged in the manufacturing of wires and cables on 22 December.

Unconfuse Me with Bill Gates podcast. Further on robotics and blue-collar jobs, Altman said that he has started investing in robotics companies. "At some point, we will be able to use our models with their language understanding and future video understanding," he added.

“The recommended allocation suggests 50-60% in equities, 15-20% in debt instruments, and the remaining split equally between Gold and cash, tailored to one's liquidity requirements,” says Mayuresh Joshi, Head of Research — Equity, William O'Neil India. In an interview with ETMarkets, Joshi said: “We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget,” Edited excerpts: 2023 closed on a strong note – how do you see 2024 for markets? Mayuresh Joshi: According to our O’Neil lens, Indian markets are looking strong at the moment as markets are trading very close to their all-time highs with no foreseeable resistance at this moment.

military personnel to serve across Europe in a major NATO exercise in the first half of this year, as well as warships and fighter jets, the defence ministry said on Monday. The deployment includes 16,000 British army troops who will be based in Eastern Europe from February to June, an aircraft carrier strike group and F35B Lightning attack jets and surveillance planes. NATO's Exercise Steadfast Defender 24 marks the Western alliance's 75th year. «I can announce today that UK will be sending some 20,000 personnel to take part in one of NATO's largest deployments since the end of the Cold War,» Defence Secretary Grant Shapps said in excerpts of a speech due to be delivered later on Monday at Lancaster House, published by the defence ministry. The NATO alliance has boosted the number of combat-ready troops after Russian President Vladimir Putin ordered the invasion of Ukraine almost two years ago and has continued to support Kyiv with military, economic and humanitarian aid.

₹67,000 crore in calendar year 2023, a 221% jump from the year before. In 2022, creditors had realized about ₹20,860 crore by initiating bankruptcy action under IBC, a senior government official said.

Wipro Ltd and HCL Technologies Ltd, which released earnings after market hours on Friday, are expected to open higher on Monday. Sellers of call options took up the huge bets on expectations that information technology (IT) companies’ earnings would disappoint and their share prices would correct. But the results came out better than expected, and the stocks were rewarded by the markets.

By Scott DiSavino

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Kyndryl, Godaddy, Home Depot, and Ciena; downgrades for Yum! Brands.