A car loan of Rs 10 lakh at 8.75% interest could save you more than an auto loan at 7.35% rate; know how
Car loan: There are four different interest rate calculation methods: daily reducing, monthly reducing, annually reducing and non-reducing. The method used to calculate interest can significantly impact the total interest paid. The daily reducing balance method is the most cost-effective option for borrowers. Even though the interest rate of such a loan will be higher, the total outgo on interest will be lower. Know how to make the most of it while borrowing money Key Points
Economic TimesFor high risk averse: 5 midcap stocks from different sectors with potential upside of up to 20%
In the last two months of the market, while the midcaps have done well, though the pace at which the outperformance was taking place has slowed down. So, there is a profit booking taking place in different parts and sectors. Part of this profit booking is due to the fact the valuations are high and probability that it would continue. At this point of time one should also focus on reducing risk.In reducing market risks, investors should integrate both quantitative and qualitative criteria to assess stocks, aligning expectations with realistic market performances and avoiding impulsive shifts based on short-term fluctuations. This involves a disciplined approach to examining fundamentals, particularly focusing on crucial financial ratios such as Return on Equity (ROE) and Return on Capital Employed (ROCE). These measures help in evaluating a company's efficiency and profitability, guiding investors away from making hasty decisions which are mostly done in a bullish market. Key Points
Economic TimesMassive sandstorm in China's Xinjiang turns sky orange, reduces visibility
A severe sandstorm engulfed parts of China's Xinjiang, turning the sky orange and reducing visibility to less than 100 metres. Authorities enforced emergency traffic measures for the safety of people on the roads. Key Points
India TodayIndia has adopted a holistic approach towards conservation: Environment min at COP28
India has adopted a holistic approach towards conservation. We are not just focused on reducing emissions to tackle temperature rise, but are also working towards arresting land degradation, accelerating ecosystem restoration and enriching biodiversity, he said. Key Points
Economic TimesNitin Gadkari inaugurates, lays foundation stone for nine projects in Jamshedpur
A senior National Highway Authority of India (NHAI) official said that this stretch will provide Delhi-Kolkata and Mumbai-Kolkata connectivity via Jamshedpur, significantly reducing travel time between the destinations. The project will also drive commercial development in the Jharkhand, West Bengal and Odisha, he stated. Key Points
Economic Times
Predictions for 2024: Need aggressive action to meet green targets, says Amitabh Kant
In 2024, popularisation of solar rooftops must be undertaken in mission mode. This is Indias big opportunity. Despite successes in renewable energy, we have been unable to make a breakthrough in solar rooftops. Many state electricity regulatory commissions (SERCs) have not yet adopted gross-metering. With gross-metering, consumers will be able to sell excess electricity generated back to the grid, reducing their power bills. Furthermore, the power generated through solar rooftops will be consumed locally, reducing transmission and distribution losses. Key Points
Economic TimesNCERT director clarifies Mughal history still part of curriculum, calls claims of removal a lie
Mughal history continues to be part of the curriculum in various class levels, "the NCERT director claimed. Furthermore, they are following the National Education Policy (NEP) 2020, which emphasises reducing content load in education. Key Points
FinancialexpressUS consumer inflation up unexpectedly in February
US consumer inflation in February surprised with an acceleration, raising concerns for policymakers considering interest rate cuts. The annual consumer price index was 3.2%, with the core measure at 3.8%. The Federal Reserve may start reducing rates this year if there is progress in lowering inflation. Key Points
Economic TimesDeadline to levy additional duty on unblended diesel deferred
The Indian government has extended the deadline for implementing an additional ₹2 per litre tax on unblended diesel to April 1, 2025. The tax, aimed at promoting biofuels and reducing crude imports, was initially announced in the FY23 budget. The move aligns with India's commitment to enhance domestic crude production, increase ethanol blending, and focus on renewables to cut crude imports by 10% to 67% by 2025. Key Points
Economic TimesOil and gas should not be demonized: Elon Musk
It is important to reduce carbon emissions to preserve the planet, but oil and natural gas should not be demonized in the medium-term, Elon Musk said on Saturday. Earlier this week representatives from nearly 200 countries agreed at the COP28 climate summit to begin reducing global consumption of fossil fuels to avert the worst of climate change, signalling the eventual end of the oil age. Climate change alarm is exaggerated in the short term, the US billionaire said, adding that the environmental movement may have gone too far, causing people to lose faith in the future. Key Points
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Vertex's non-opioid neuropathic pain treatment succeeds in mid-stage trial
Vertex Pharmaceuticals (VRTX.O) said on Wednesday its drug, VX-548, was successful in reducing nerve pain in patients in a mid-stage trial. Key Points
ReutersFor moderate risk takers: 5 midcap stocks with right levels of ROE and upside potential up to 37 %
While last week nifty did witness corrective movement. While the overall trend is still bullish and valuations are still at elevated levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or strong buy . Key Points
Economic Times7 midcap stocks with right levels of ROE and upside potential of up to 47%
While nifty last week witnessed corrective movement, the overall trend is still bullish and so are the risk levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or strong buy . Key Points
Economic TimesApple, Samsung stop India laptop imports after sudden curbs: Report
Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the country abruptly banned inbound shipments without a license. Laptop makers had been bracing for some government measures aimed at reducing reliance on imports and boosting local production, but the sudden licensing imposition caught the industry off-guard Key Points
Economic Times