Value emerging in 3 sectors; we have started nibbling into IT: Nishit Shah
BFSI and mid-tier capital goods sectors will perform well in a good economic environment. The BFSI sector will see growth of credit, especially amongst NBFCs who are providing digital initiatives. Some unique consumer durables are emerging which is a new and exciting space. Additionally, IT has some value, while QSR consumption, specialty chemicals, and IT are the three sectors where values are emerging . Key Points
Economic Times‘The Gutless Foodie’ Natasha Diddee, Pune food blogger with no stomach, dies
Natasha Diddee, a Pune blogger known as the Gutless Foodie, passed away. Years ago, she had her entire stomach removed due to tumours. | Trending Key Points
Hindustan TimesPartial sale of companies won't be default under Insolvency and Bankruptcy Code
The Indian government may permit the partial sale of a stressed company only if it fails to attract a buyer for the entire entity under the Insolvency and Bankruptcy Code (IBC), in an effort to reduce delay in resolution and prevent the decay of stressed asset value. The ministry of corporate affairs suggested changes to the IBC that would provide a provision to allow multiple resolution plans for various parts of an insolvent firm to maximise value realisation. Key Points
Economic TimesTVS Supply Chain Solutions sells Circle Express for Rs 21 crore
New Delhi, Sep 29 (PTI) TVS Supply Chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore). The move is designed to boost the company’s profitability and sharpen its focus on core offerings to […] Key Points
ThePrint8 capital goods & insurance stocks that can be wealth creators: Sanjiv Bhasin
“In the capital goods space, Cummins, Thermax, Bharat Forge and L&T are four of the choicest names. You can add an ABB. Three insurance names – SBI Life, ICICI Pru, and HDFC Life – in tandem could be very good wealth creators over a period of time and this distribution channel, particularly brokers, exchanges, insurance and the AMCs are a very good long-term bet.” Key Points
Economic Times
Is there any fresh trigger for Reliance Industries other than value unlocking? Mayuresh Joshi explains
“There is a lot of value that the Street is probably giving to both these elements of businesses as well. For Jio, the equity value is probably coming out anywhere between Rs 725 to 775 on a standalone basis. For Reliance Retail, anywhere between Rs 1,250-1,350. So there is a broad construct in terms of the expected SOTP valuations within the entire group itself.” Key Points
Economic TimesEXCLUSIVE INTERVIEW WITH AKSHAY KUMAR: Audiences tell us when we are right and where we are wrong – That’s reflected in box office numbers
Akshay Kumar: If a film does not work, that means people didn’t come to see it, which in turn means that they didn’t connect to it. And it means that’s the time for you to change. Which I think we as an entire industry are trying to do. Key Points
FinancialexpressBerkshire Hathaway exits India's Paytm in $165 million deal
BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Key Points
ThePrint4 dead, 153 hurt as quake rattles Afghanistan
Islamabad: A powerful 6.3 magnitude earthquake struck western Afghanistan on Sunday, just over a week after strong quakes and aftershocks killed thousands of people and flattened entire villages in the same province. The US Geological Survey said the latest quake’s epicentre was about 34 km ou Key Points
The Tribune IndiaShibani Sircar Kurian on 4 sectors one can be positive about now
Within banks, if you look at the way the entire segment has played out, the larger private banks, despite the fact that they have seen improvement in terms of profitability, have not seen multiples re-rate. Therefore, their multiples remain at long-term average levels, despite seeing significant improvement over the last couple of years where return ratios are concerned. Key Points
Economic Times
Our Planet II’ Director experiences near death experiences - Shark Attack
Nowlan alongside his crew who showed up for the filming in one of Hawaii's most remote islands. The shoot lead to the tiger sharks being predators of them. Key Points
Hindustan TimesIn a U-turn, Pakistan’s former bureaucrat withdraws election rigging allegations
On Saturday, Liaquat Ali Chattha resigned from his office after “accepting responsibility” for manipulation of poll results.. In a volte-face, former... Key Points
The Tribune IndiaPiramals to exit Shriram Finance, sell 8.3% stake
The development comes a day after TPG India Investments II sold its entire 9.92 million shares or 2.65% stake in the company. Key Points
FinancialexpressWhat is passive strategy in mid and smallcap versus active strategy? Nirav Karkera explains
Nirav Karkera says: “There is a lot of new to mutual fund money coming in at this point in time. It is not just the category rotation that is happening but there are also fresh SIPs outside the industry that are moving into the industry at this point in time. It will be a very good push towards the flows in these specific categories, small and midcap very specifically.” Key Points
Economic TimesOver $400 million required for Afghanistan to recover from Oct earthquake: UN
The magnitude 6.3 quake on Oct. 7, one of the most destructive in the country's recent history, flattened entire villages in Herat province. | World News Key Points
Hindustan Times
ISRO conducts 'launch rehearsal' for Chandrayaan-3 mission
The Indian Space Research Organisation has undertaken a 24-hour launch rehearsal simulating the entire launch preparation and process for this week's Chandrayaan-3 mission to the moon. The mission is slated to be launched at 2.35 pm onboard a Launch Vehicle Mark 3 (LVM3) from the spaceport at Sriharikota in Andhra Pradesh on July 14. Key Points
Economic TimesCabinet gives nod to HUDA City Centre-Cyber City metro project in Gurugram
The Union Cabinet on Wednesday approved Metro connectivity from HUDA City Centre to Cyber City in Gurugram, Union Minister Piyush Goyal said. The project will cost Rs 5,452 crore. The Cabinet, chaired by Prime Minister Narendra Modi, approved the entire elevated metro line covering 28.5 kilometres. The project is expected to be completed in four years. Key Points
Economic Times‘Monitoring the situation regularly, entire process to be non-disruptive’
"Yesterday there was no crowd anywhere. We are monitoring the situation regularly. I don’t think there is any concern or major issue which is coming off. Trade and business activities are going on,” Das said at an event organised by Confederation of Indian Industry (CII). Key Points
The Indian ExpressKhar Danda Fire: Saw my uncle screaming ‘jal raha hai’
According to what little Rishikesh knows, a rat bite caused a leak in the gas pipe. But it went unnoticed as the air conditioning was on the entire night, after they wrapped up Mother’s Day celebrations. “My grandmother probably went to make tea in the morning, and as soon as she lit the lighter, there was a spark,” he said. | Mumbai news Key Points
Hindustan TimesAir India Dubai-Delhi flight incident: DGCA orders derostering of entire crew pending investigations
Aviation watchdog DGCA has directed Air India to deroster the entire crew of a Dubai-Delhi flight after a pilot allowed a female friend into the cockpit in late February, according to a senior official. While there was no immediate comment from Air India on the latest development, the airline, on April 21, said it had taken a serious note of the reported incident and that investigations were underway. Key Points
Economic Times
Will continue to ask questions about Adani till truth is out: Rahul Gandhi
When we asked in Parliament what is the prime minister's relation with Adani our entire speech is expunged. We will ask in Parliament thousands of times till the truth of Adani ji is out, we will not stop, he said at the 85th plenary session of the Congress amid applause. Key Points
Economic TimesThere’s no missing the bus in market; metals a contra bet & 2 largecaps to buy on dips: Sandip Sabharwal
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.” Key Points
Economic TimesBuy on dips? Go for these 4 defence and hotel stocks: Hemang Jani
Hemang Jani discusses opportunities in various sectors including defence, healthcare, and PSU banks. Recommendations include BEL, HAL in defence, and BOB, Canara, State Bank in PSU banks amid market corrections. He also says, Linde, which is a midcap stock and which has a very commendable story on green hydrogen and given the new investment that they have made in semiconductor, could be an interesting bet to look at. Key Points
Economic TimesMusic maestro Ustad Rashid Khan passes away at 55 after battle with cancer
An official of the private hospital where Khan was admitted said, “We tried our best but failed. He passed away at around 3:45 PM.” Key Points
FirstpostGQG Partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stak
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission Key Points
Economic Times
Woman’s snack order backfires as RCB loses to GT. Instamart suggests this
A woman orderd snacks for her entire PG thinking RCB would win the match againt GT and make it to the playoffs. However, her hopes were dashed. | Trending Key Points
Hindustan TimesMayuresh Joshi on 3 Adani Group stocks that can be bought on dips now
Mayuresh Joshi, Head of Research -India, William O'Neil, says earnings are expected to hold up the market because that is ultimately the crux on which the markets hinge upon. The market looks in fine fettle as we speak and both the macros and micros as far as India is concerned are holding out pretty well for the markets. Key Points
Economic TimesPiyush Goyal cautions industry against predatory practices, substandard imports replacing local goods
“Korea and Japan are live examples of what Aatmanirbhar Bharat should look like. Despite getting cheaper raw materials from other parts of the world, first they use up entire domestic availability of materials. They support each other and ensure that the industry doesnt die,” Goyal, who is also textiles minister, said. Key Points
Economic TimesWe are very constructive on the entire real estate sector: Harish Bihani
So, regardless of what happened in the past month when people got a little worried about the impact on mid and smallcap due to some notification by the industry body or by a certain other notifications, I guess on average you have a decent medium term time horizon. Things are looking fine to us, we have enough ample opportunities to invest and we are looking for ideas all across. Key Points
Economic TimesAI app scores 170 out of 200 in UPSC prelims-2024
PadhAI is AI X Education app for UPSC preparation available on Google Play Store. An Artificial Intelligence-based app, PadhAI, scored over 170 marks out of 200... Key Points
The Tribune India
India reaches out to multilateral development banks to draw road map for becoming developed nation by 204
The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a budget-plus and finance-plus strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. Key Points
Economic TimesRight strategy is to keep cash in portfolio and buy on 10-15% dips: Dipan Mehta
Dipan Mehta advises keeping cash in the portfolio for strategic reasons, as investing during a correction ensures excellent returns in the next three years. Compliance and responsible lending are priority for NBFCs like IIFL and JM Financials. At 25-30% correction, a whole host of midcap ideas also will come through. Right now investors need to really assess the risk return profile of their portfolios. Key Points
Economic Times3-4% upside in Nifty very much on the cards in March, says Pankaj Pandey
Pankaj Pandey suggests that Nifty may reach 25,000 with expected election outcomes. Bulls lack energy and market fabric weakened. Opportunities exist in largecaps, midcaps, smallcaps, cement, infra, PSUs, and coal sector. RBI stance change can lift BFSI sector. He also says one important parameter which we feel can change the complexion of the market is the change of stance by RBI. Key Points
Economic TimesPM Modi to inaugurate 4-day textile expo this month
Commerce and industry minister Piyush Goyal said it will be held at the Bharat Mandapam and Yashobhoomi complexes and the entire textile sector is coming together on one platform for the first time. He also said that a three day “Startup Mahakumbh” will be organised from March 18 at Bharat Mandapam. Key Points
Economic TimesIndia to stop free movement with Myanmar, fence entire border, says Amit Shah
The Free Movement Regime allows people living on both sides of border to travel 16 km into each other’s territory without a visa. Four Indian states share a 1,643-km border with Myanmar. Key Points
ThePrint
Pankaj Pandey on his top 3 midcap and smallcap picks for 2024
Pankaj Pandey says: “Power as a space is looking quite good for the next five-seven year perspective and our sense is that the government focus will come back once the elections are out. So a lot of triggers are in placer for this sector to keep doing well. NTPC has already achieved a target price post result we will look at reviewing our target prices but NTPC remains top pick.” Key Points
Economic TimesPaytm a must-have in a portfolio and use Berkshire exit as a buying opportunity: Sanjiv Bhasin
“DLF and Godrej have been two of our portfolio picks, since they were at almost half the levels from where they are now. We were also very bullish on property given that asset monetisation or asset creation of wealth because of the twin rally in gold and stocks will see hard assets do well.” Key Points
Economic TimesIs the stock market closed for Dussehra on Tuesday?
The multi-commodity exchange will also be closed for the morning session but will open for trading in the evening session (5-11:30 p.m.). In the entire calendar year, the markets have 15 annual holidays in 2023, two more than last year. Key Points
Economic TimesStocks in news: Quick Heal, Infosys, Wipro, Adani Green, SBI Life, Uno Minda, Emami
American venture capital firm Sequoia Capital has exited Quick Heal Technologies Ltd, by selling its entire 3.4% stake in the company through the open market on Thursday. Key Points
Economic TimesManoj Bajpayee on 25 years of Satya: ‘Got Bhiku Mhatre’s wardrobe at Hill Road’
Manoj Bajpayee recalls how he bought the wardrobe of Bhiku Mhatre himself. He got the entire wardrobe within ₹25,000 from Hill Road, Bandra. | Bollywood Key Points
Hindustan Times
Part of Mumbai Coastal Road to be operational from Nov: BMC
At present, civic officials are exploring two options for opening this bridge partially. First one is between Marine Drive and Haji Ali Promenade, while second option is from Marine Drive to JK Kapoor Chowk at the Worli interchange. The initial deadline of reopening the entire bridge was November 2023. Key Points
The Indian ExpressASK Automotive files draft papers with Sebi to mop up funds via IPO
At present, Kuldip holds a 41.33 per cent stake in ASK Automotive and Vijay owns a 32.3 per cent stake in the firm. Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders and the company will not receive any funds from the issue. Key Points
FinancialexpressUnion Cabinet approves extension of metro rail connectivity from HUDA City Centre to Cyber City
The Cabinet, chaired by Prime Minister Narendra Modi, approved the entire elevated metro line covering 28.5 kilometres. The project will cost Rs 5,452 crore and expected to be completed in four years. Key Points
FirstpostDell, Lenovo, Mac models users take note! Here's how to take screenshot on different laptops
Capturing screenshots on different laptop models (Dell, Lenovo, Mac) is a useful skill for users. Below, we'll provide instructions on how to accomplish this task effortlessly. Key Points
Economic Times‘Where is Islam safe other than India?’ asks Mohan Bhagwat
The RSS chief said that the Mughals invaded the entire world from Spain to Mongolia, but, he adds, “Over the years local forces resisted and defeated the invaders. As a result, Islam was restricted.” Key Points
Financialexpress
Chinese technicians, engineers may get faster visas for work
There are some sectors which require technicians to come to set up plants here and that's a good idea as it will benefit our manufacturing and exports. We will raise it with the external affairs ministry, said an official, who did not wish to be identified. Exporters have raised the issue of delay in visas to Chinese technicians, which is affecting companies such as those making non-leather footwear and sports shoes in commencing their operations. Key Points
Economic TimesResources need to be efficiently utilised to make India developed nation: CAG
"We are trying to expedite the entire process of development. It requires that resources are efficiently and effectively used," the CAG said. Key Points
FinancialexpressNearly month after two successive crashes of coast guard, Advanced Light Helicopters back in flight mode
The fleet of indigenous Advanced Light Helicopters (ALH) has started flying operations again, nearly a month after two successive crashes of coast guard and naval variants of the aircraft. Extensive checks on the entire fleet of helicopters, also in service with the Army and Air Force, were undertaken and no signs of any deep-rooted issue with the aircraft were found. Key Points
Economic TimesUndue favour given to Vedanta: SC upholds quashing of land acquisition for university in Odisha
The Supreme Court has upheld the 2010 decision of the Orissa High Court's quashing of the state government's proceedings to acquire 6,000 acres of land to establish a university. The top court accused the state government of giving undue favour to Vedanta and that the entire acquisition process was vitiated by favouritism. The court imposed a cost of INR 5 lakh on Anil Agarwal Foundation. Key Points
Economic Times