Life expectancy of Japanese people rises for first time in 3 years
Average life spans had decreased in 2021 and 2022 due to rising death tolls from the coronavirus. The average life expectancy of Japanese people rose in 2023 for... Key Points
The Tribune IndiaMarch 2024 warmest ever, 12-month average temperature reaches new record
Rise in global average temperature is attributed to the rapidly increasing concentration of greenhouse gases. The world experienced the warmest March ever due to... Key Points
The Tribune IndiaStock Market: Half of Nifty 50 constituents, two-thirds of sectoral indices trade at premium valuation: Motilal Oswal
Nifty is trading at a 12-month forward P/E ratio of 19.4x, which is largely in line with its long-period average (LPA) of 20.3x even as broader markets trade at expensive valuations - the NSE Midcap 100 index trading at 46% premium to Nifty. Key Points
mintBengaluru most affordable Indian destination for Summer 2024: Agoda travel survey
The best destination of budget travel in India is Bengaluru, with an average room rate of Rs 4,584. Bengaluru replaced Puri, which came out on top of the cheapest destinations ranking a year ago. Key Points
Business Today'Indian stock market outperforms the global market, makes for attractive investment'
MSCI 1-month’s return is 8.0% compared to MSCI World’s 5.2%, 1Yr is 12% vs 13.8%, respectively. Key Points
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2024 could see Earth temporarily breach global warming threshold
The average global temperature for 2024 is forecast to be between 1.34C and 1.58C above the average for the pre-industrial period of 1850-1900. Key Points
India TodayDeutsche Boerse forecasts increases in revenue and EBITDA through 2026
German exchange operator Deutsche Boerse (DB1Gn.DE) expects revenues to grow by around 10% each year on average through 2026, the company said on Tuesday as part of its strategy update. Key Points
ReutersWorld breaches key 1.5C warming mark for record number of days
The BBC finds that there have been a record number of days in 2023 that breached the 1.5C temperature limit. Key Points
BBC NewsStates borrowing cost rises 4 basis points to 7.41 pc
The rise in the average pricing is primarily due to an increase in the weighted average tenor to 16 years from 14 years, Icra Ratings said in a note. The spread between the 10-year state security and the 10-year Government of India security inched up to 34 bps. Key Points
Economic TimesDespite heavy supply, debt cost slips marginally for states to 7.32 per cent
In spite of that, the weighted average cut-off eased by 3 bps to 7.32 per cent from the last auction. The fall is also regardless of the fact that there was a mild rise in the weighted average tenor to 16 years from 15 years, Icra Ratings said in a note. Key Points
Economic Times
Bulk deals: HMA Agro Industries, Kaveri Seed Co, Kore Digital others changed hand. Details here
According to bulk data on NSE, HMA Agro Industries Ltd saw buying and selling. NK Securities Research Private Limited sold 3,51,376 shares at an average price of ₹629.39. Nomura Singapore Limited sold 4,66,032 shares at an average price of ₹626.90. Key Points
mint99% chance that 2023 will breach 1.5°C avg temp threshold: Study
2023 is predicted to be the warmest year on record, with a 99% chance that the average temperature will be at least 1.5°C above pre-industrial levels. | Latest News India Key Points
Hindustan TimesDefensive no more? 40 defensive stocks trading above 5-yr average P/E
Further in the list are chemicals and information technology companies. While 11 stocks are trading above average in the chemicals sector, 13 stocks are in the technology sector. Key Points
Economic TimesWhat should Gujarat do, fuelled by its remarkable growth, to leapfrog to high-income status?
Gujarat has set an example in fiscal efficiency, economic growth and socioeconomic benchmarks. It should now aim to become an innovation hub to redefine its growth story and defy the prevalent middle-income trap. That way, it could become a role model for the country, as well as the developing world. Key Points
The Economic TimesBulk Deals on May 18: BLS International, JK Tyre, others, exchange hands; check buyers, sellers
According to NSE data, Diwakar Aggarwal sold 1,12,00,000 shares of BLS International Services Ltd at an average price of ₹175.24. Key Points
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Bulk Deals on July 17: Jindal Saw, Sotac Pharma, others exchange hands; check buyers, sellers
Nordic Microfinance has sold 15.61 lakh shares of Satin Creditcare Network at an average price of ₹175.45 per share, and 4.78 lakh shares at an average price of ₹176.19 per share. Key Points
mintIn India, monthly average salary is below ₹50k. How do Pakistan, China fare?
According to the World of Statistics data, Switzerland tops the list with a professional earning an average monthly salary of $6,096 ( ₹4.99 lakh). Key Points
Hindustan TimesBuffett Indicator falls below 100%. Is Nifty blinking buy now?
Considering India's nominal FY23 GDP at Rs 273 trillion, Indias total market cap to GDP is now trading at 92%. At FY24 projected nominal GDP levels, Mcap/GDP ratio translated into 84% (fairly valued). As per the Union Budget 2023-24, the FY24 GDP assumption is pegged at Rs 301 trillion, Axis Securities said Key Points
Economic TimesJanuary 2024 was hottest on record with 1.7°C temperature surge
Global temperatures in January 2024 were the highest on record, with a rise of 1.66C above pre-industrial levels. The past 12 months also saw the highest recorded temperatures, 1.52°C above the average between 1850 and 1900. Key Points
mintBulk deals: Eicher Motors, SpiceJet, Syrma SGS Technology others exchange hands; Check buyers & sellers
According to data on BSE, Nuvam Wealth Finance Limited offloaded 6,840,000 shares of budget airline SpiceJet at an average price of ₹24.88. Key Points
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Arihant Capital’s Mileen Vasudeo on 2 stocks to bet on now
Arihant Capital Markets' Mileen Vasudeo, predicts that the Nifty index will slowly and steadily move towards its 200-day moving average line, which currently sits at 17,540 levels. The gap area of 17,204 to 16,940 levels will act as strong support for the market, but further confirmation is needed for it to go higher. Vasudeo recommends buying Bajaj Auto, and RVNL . Key Points
Economic TimesWorld’s hottest day record broken in 24 hours
C3S scientists attribute the sudden rise in daily global temperatures to much higher-than-average temperatures over large parts of Antarctica. The Earth... Key Points
The Tribune IndiaBulk deals on June 6: Mazagon Dock, Tirupati Forge, others exchange hands; check buyers, sellers
According to NSE data, Ashok Kumar Gupta bought 8,45,072 shares of Tirupati Forge at an average price of ₹8.75 and sold 8,65,329 shares at an average of ₹8.88. Key Points
mintBuilders launching bigger flats; average apartment size rises 5% annually in January-March 2023: Anarock
Among seven cities, Delhi-NCR saw average flat size rising 50 per cent to 1,700 square feet in the first quarter of 2023 from 1,130 square feet in January-March last year. Developers in Delhi-NCR are closely tracking demand and launching bigger homes in this region, Anarock noted. Key Points
Economic TimesIndia’s exports to grow higher than world average: StanChart
The global growth in goods trade will be 5% on an average till 2030 to touch $32.6 trillion while India will be growing at 7.5% annually during that period, the report said. Key Points
Financialexpress
IIT Bombay among top 150 varsities in QS Rankings 2024
IIT Delhi comes in second at 197 in the 20th edition of the rankings, down from 174 last year while IISC Bangalore, last year's country leader, slipped to 225, as Quacquarelli Symonds (QS) overhauled its methodology. India has one less university in the top 200 rankings compared to the previous edition. Key Points
Economic TimesBulk Deals On May 10: Manappuram Finance, others exchange hands; Check buyers & sellers
BNP Paribas Arbitrage sold a total of 7,518 shares of Manappuram Finance at an average price of ₹116.50. Key Points
mintHow India’s economy performed in Dec 2023: a Mint report card
In December, four of the 16 high-frequency indicators tracked by us were in red (i.e. below their five-year average trend), six in green, and six in the middle—an improvement from six months ago. Key Points
mintWorld Markets today: US stocks trade flat, Intel down 6-week low, slumps 12%
As of 9:49 a.m. ET, the Dow Jones Industrial average demonstrated a gain of 36.03 points, equivalent to a 0.09% increase, reaching 38,085.16. Key Points
mintIndian IT employees forced to work 50 hours a week, data reveals
In the ever-evolving landscape of Indian IT, a rather disconcerting trend has come to light — employees are putting in longer hours than the industry norm, clocking in at an average of 45 to 50 hours per week. Here is what we know. Key Points
India Today
Are Nifty stocks, sectors expensive at current valuations? Let's check history
Nifty stocks that are trading at a significant discount to their historical averages are ONGC (-45%), BPCL (-41%), Tata Steel (-38%), Apollo Hospital (-31%), and Eicher Motors (-28%). As a sector, PSU banks are trading at a P/B of 1.1x, at a 30% premium to its historical average of 0.8x while the consumer sectors P/E of 41.7x implies a 4% premium to its 10-year average of 40x. Similarly, technology is trading at a P/E ratio of 23.2x, an 18% premium to its long-term average of 19.6x. Key Points
Economic TimesYes Bank expects continuous improvement in NIM: Prashant Kumar
Yes Bank slippages, both for the quarter sequentially and also YoY, have come down almost 25%. This year, the slippage is in the range of 2.5%. Going forward, we would be able to control the slippages between 1% and 1.5%, not more than that. Because continuously, our SMA-2 number, which is 61-90 days, are improving. Key Points
Economic Times2023 ended 1.5°C warmer than pre-industrial average: Report
Nearly 29% of Earth’s population experienced record warmth in 2023, a year that ended 1.5°C warmer than the pre-industrial average, Berkeley Earth said in its Global Temperature Report for the last year. | World News Key Points
Hindustan TimesPrivate capex yet to get broad-based, experts differ on next year’s trajectory
“It can be concluded that investment activity is not yet broad-based. It is in limited pockets. In terms of overall share, around 43% of the industries by size of fixed assets performed better than the average. Five major sectors, however, continue to trail, which includes power and telecom,” said Madan Sabnavis, chief economist of Bank of Baroda. Key Points
Economic Times2023 likely to become hottest year in record as global mean temperature hits new high
Last month was the warmest September on record globally, with 0.93C above the average temperature for the same month in 1991-2020. Key Points
ThePrint
Oktoberfest! Nifty's best month is coming if you believe in history
In the last 10 years, October has proved to be one of the best months for Nifty bulls as the index has given a positive monthly return in nine out of 10 times with an average return of 2.9%. JM Financial says this is the highest average return observed in any calendar month. Key Points
Economic TimesBest places for expats to live in Asia: Salary, cost of living, taxes
Tokyo came out on top in a Bloomberg analysis of 10 metrics including potential salary increase, rent, personal taxes and education costs. The Japanese capital boasts relatively low international school fees and steady rents — plus residents can buy a Tesla Model Y Performance for about $50,000. Key Points
Economic TimesHousing prices jump 33% in this Hyderabad area in 3 years; know how much property prices have risen in you
Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research. Key Points
Economic TimesHero Motocorp’s high-end shift earns it a D-St premium
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic TimesFlat sizes shrink in Mumbai region by 20% in Q1 FY2024, says report
Average flat sizes in Mumbai Metro Region have declined by 20% in Q1 2023, while flat sizes increased in Delhi-NCR and other metropolitan cities due to the Work from Home culture. Anarock report shows that despite the surge in property prices, the demand for bigger homes continues. Key Points
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Value buys? These 20 Nifty stocks trading below 10-year PEs
Although Indian stock market valuations have dropped to their 5-year and 10-year historical averages, analysts still lack comfort in recommending investors to put money aggressively. However, nearly 50% of index stocks are below their 10-year averages, which can offer decent returns. UPL has the highest upside at 35% despite brokerage Prabhudas Lilladher slashing its FY24E/25E estimates by 16%/12% and target multiple from 14x earlier to 12x. Meanwhile, HDFC Bank, SBI, Axis Bank, and M&M have upwards of 20% upside potential each in the next 12 months. Key Points
Economic TimesJuly 21 was world's hottest day in at least 84 years: European climate agency
Climate science non-profit Berkeley Earth estimated last week that 2024 has a 92 per cent chance of setting a new annual heat record. The Earth experienced... Key Points
The Tribune India‘Guwahati 2nd most polluted city in world last yr’
Discover the shocking report revealing Guwahati as the second most polluted city globally last year with alarming PM2.5 levels. Learn more about the impact on health and the environment. Key Points
Times Of IndiaJapan's Nikkei hits record high after Nvidia beat, rest of Asia muted
By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech Key Points
ThePrintIndia’s IPO market is busy. It’s also broken
Property transactions have some inertia built into them, but punts on IPOs are very quickly flipped. That explains the average oversubscription of 44 times in recent years. So how to throw some sand into the wheel? The SEBI chief said Friday that the regulator is investigating investment banks that artificially inflate share applications to create a false impression of demand. Key Points
Economic Times
Improving premiumisation to help Hero Moto stay ahead on growth track
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic TimesWeekly Top stock Picks: 5 stocks with consistent score improvement and upside potential of up to 45%
The stocks which enjoy a high growth potential and having at least a neutral market outlook with the latest overall average score of 4 and above are considered for selection. The average score of Stock Report Plus is based upon five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic TimesRetail leasing in Delhi-NCR up by 65% in H1 2023: CBRE
The total leasing during the first half of 2023 stood at 0.70 million square feet as compared to 0.42 million square feet in the same period a year ago, said the CBRE report Key Points
mint7 objects that are dirtier than your toilet seat
A new study has said that unwashed pillowcases may harbour 17,000 times the amount of bacteria found on an average toilet seat. Let's look back at some of the popular items that have been found to carry more germs and bacteria than a toilet seat. Key Points
India TodayUS stocks: Wall Street ends down as debt-ceiling clouds hover
International Business News: US stocks fell, with the S&P 500 and the Dow Jones Industrial average both down by 0.73% and 0.77%, respectively. The Nasdaq Composite dropped 0.61%. Key Points
Times Of India
World's glaciers melted at dramatic speed in 2022, saving them a lost cause: UN
Sea levels are at a record high, having risen by an average of 4.62 millimetres per year between 2013 and 2022 -- double the rate it was between 1993 and 2002. | World News Key Points
Hindustan TimesIndia’s services PMI ends 2023 on a high note; rises to 59.0 in Dec from 56.9 in Nov
India's services PMI rose in December on the back of strong demand that spurred sales and fuelling business activity. Job creation extended into the 19th successive month, while business optimism strengthened. Key Points
Business TodayS&P 500 posts longest weekly winning streak since 2017; finishes flat on day
The Dow Jones Industrial average rose 56.81 points, or 0.15%, to 37,305.16, the S&P 500 lost 0.36 points, or 0.01%, to 4,719.19 and the Nasdaq Composite added 52.36 points, or 0.35%, to 14,813.92. For the week, the Dow gained 2.9%, the Nasdaq climbed 2.8% and the S&P 500 added 2.5%. Key Points
Economic TimesImproving travel, wedding season likely to boost performance of hotel companies
The hospitality sector is expected to maintain strong performance in the latter half of the fiscal year, with a projected 15-20% growth in average revenue per available room (RevPAR). Factors contributing to optimism include the ongoing wedding season, with an estimated 38 lakh weddings generating significant business opportunities. Key Points
Economic TimesPM credit plan boosts street vendors' debit spend by 50 per cent in 2 years: SBI
75 per cent beneficiaries of PM micro credit scheme for urban street vendors are from non-general categories. A new research by the State Bank of India has found that the Prime Minister micro credit plan for urban street vendors has raised the debit card spend of beneficiaries by 50 per cent in two years boosting their average consumption. Key Points
The Tribune India
India forecasts normal monsoon, easing concerns over growth
Showers during the June-September rainy season is likely to be 96% of a long-term average, according to the official India Meteorological Department. The El Nino weather condition, normally triggered by warm water in the equatorial Pacific, could influence the monsoon in the second half of the season, it said. Key Points
FinancialexpressWarning signs flash for over 100 smallcap multibaggers. Is it a bubble waiting to burst?
The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks. Key Points
Economic TimesStorage at 92% of last year’s record level, but 112% of 10-year average
According to the Central Water Commission, water level of the country's 143 reservoirs stood at 46.23 billion cubic metres (bcm) on Thursday, which is 26% of their combined capacity. Key Points
FinancialexpressVirat Kohli India's worst batter in this WTC, major reason for team's low scores
In Tests involving Kohli in this WTC cylcle, his No. 4 counterpart scored 1337 runs at an average of 49.51. While Kohli managed only 932 runs an average of 32. | Cricket Key Points
Hindustan TimesLuxury housing price jumps 42% in Hyderabad, affordable housing price up 19% in NCR; know rise in your cit
Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023, as per ANAROCK Research data. Know how much residential property prices have risen in your city Key Points
Economic Times
Orange Cap IPL 2024: Riyan Parag takes 2nd spot; Virat Kohli slips to number 3; Check full list after RR vs DC match
Orange Cap IPL 2024: Rajasthan Royals' Riyan Parag shines with an unbeaten 84, propelling his team to victory. Heinrich Klaasen leads the Orange Cap list, while Virat Kohli drops to third position. Key Points
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