ETMarkets Smart Talk: How to invest money in FY25? Allocate 60% to equities, 15% to debt and 15% to commod
Samir Bahl recommends a significant allocation to equities for long-term wealth accumulation, balancing with debt instruments and commodities for diversification. He advises a gradual liquidation strategy to safeguard gains and reinvestment opportunities in dynamic markets. Bahl says: This year we may see a continued rise until May with potential healthy corrections in early June post the run we will witness -- prior to general elections. Key Points
Economic TimesL&T power distribution business secures orders worth Rs 1,000-2,500 cr
New Delhi [India], April 25 (ANI): The power transmission and distribution business of Larsen and Toubro (L&T) Construction has secured “significant” orders in India and overseas. According to a company statement, a significant project means those costing between Rs 1,000 crore and Rs 2,500 crore. It has secured orders to develop distribution infrastructure in two […] Key Points
ThePrintKarnataka election results impact: What to expect when markets reopen on Monday?
The recent election in Karnataka, India, which saw Indian National Congress emerge as a clear winner, is expected to have little impact on domestic stock markets as much of the outcome had already been factored in by investors, according to analysts. The Nifty index was up 0.79% for the week and fared well despite the upcoming general elections in 2024. While experts point to a possibility of some profit taking, a break above the key resistance level of 18,440 could lead to further gains, potentially reaching the 18,630 – 18,690 range. Key Points
Economic TimesBeware of bears! BSE Sensex crash wipes out Rs 4.59 lakh crore investors’ wealth today
India Business News: The BSE Sensex crash on Wednesday led to investors losing a significant amount of money. Get all the details on the market decline and its impact on investor wealth. Key Points
Times Of IndiaNew digital competition law proposed to regulate big tech
A high-level panel proposes a new digital competition law in India to address antitrust concerns involving big tech companies. The law applies to systemically significant digital enterprises with penalties up to 10% of global turnover. Enterprises must report their fulfilment of thresholds to the Competition Commission of India. Key Points
Economic Times
Here's why so many people are losing money in online scams
The promise of quick financial gains has lured many into the web of deception. Cybersecurity, a vital aspect of Information Technology, plays a pivotal role in safeguarding personal data. Despite significant investments by tech firms in security measures such as fingerprint and facial recognition, criminals are evolving their tactics to dupe people. Key Points
Economic TimesSiddhartha Sanyal on significance of India-EFTA deal
The free trade agreement between India and four European nations is significant as India's position in the global supply chain improves. More agreements are expected due to the urgency caused by the China plus one policy. India's large market makes it an attractive partner, and India is confident in taking on global competition and playing at a global scale. Key Points
Economic TimesIsro's Ocean Colour Monitor reveals impact of pollution over Delhi after Diwali
The tool offers a detailed analysis of aerosol concentrations across India. This advancement is particularly significant given the launch of EOS-6 in November 2022, which was equipped with the cutting-edge OCM sensor. Key Points
India TodayBSE Sensex plunges! Stock market crash leaves investors poorer by Rs 8.50 lakh crore
India Business News: Stock market crash: Equity investors suffered a loss of Rs 8.50 lakh crore as the stock markets experienced a significant decline. The benchmark Sense Key Points
Times Of IndiaHow much positivity in IT stocks is already priced in? Apurva Prasad answers
Apurva Prasad says s that the IT pack has experienced a positive movement in the last two months. However, he believes that a significant portion of the improved outlook is already priced into the market, with PE multiples increasing by 20-25%. Prasad emphasizes the importance of operational performance and highlights that many companies, including larger ones, have the potential for margin improvement. Key Points
Economic Times
Apple set for record high ahead of mixed-reality headset launch
Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Key Points
mintTime to consider pharma, take a long-term look at consumption: Anshul Saigal
There is a very stark difference in how consumption patterns are showing up. We are seeing luxury goods and slightly expensive goods and services seeing a significant uptrend while things like glucose biscuits etc, which are at the slightly lower end in category, are seeing some weakness., says Anshul Saigal Key Points
Economic TimesAndrew Tate claims ‘Matrix is a thief of identity and purpose’, internet reacts
Andrew Tate is not new to his peculiar view on things. This time, he has gained significant attention for his video criticizing the Matrix. Get to know more below. Key Points
Hindustan TimesFor IT, 2024 might be a tougher year than 2023: Sandip Sabharwal
Analyst Sandip Sabharwal believes that 2024 might be a tougher year than 2023, contrary to what most analysts are predicting. He warns investors to be cautious about stocks that have seen a decent run-up in anticipation of performance improvement. Sabharwal also expresses skepticism about the IT sector, stating that while some specific companies may do well, larger diversified IT firms are facing significant challenges. Key Points
Economic TimesMeta's Threads bolsters retention after losing over half of users: Report
Meta Platforms executives are focusing on improving user retention for Threads, their Twitter rival, following a significant drop in users after its launch. Plans include adding more features and integrating with Instagram. Key Points
mint
Speak Now Taylor Swift's version sparks a row with lyric change
Taylor Swift has released the re-recorded version of 'Speak Now', causing excitement. However, a controversial song has undergone a significant alteration. Key Points
Hindustan TimesSensex falls 200 pts, gives up 63K; Nifty below 18,700; IIFL Securities plunges 18%, HDFC AMC jumps 7%
The stock market faces a downturn as the Sensex and Nifty indices both record a decline. The Sensex falls by 200 points, dropping below the significant milestone of 63,000 points. Likewise, the Nifty index slips below the level of 18,700. In this mar Key Points
Times Of IndiaApart from land rights, drug angle to Manipur clashes not ruled out
“Though not entirely, the narcotics trade is certainly playing a significant role in Manipur violence,” said Vallalien Pulamte, an associate professor in the political science department of GC College in Assams Silchar. Pulamte, who belongs to the Hmar community, has lost 40 members of his extended family in the violence in Imphal. Key Points
Economic TimesApple Inc.’s personal computer shipments declined by 40.5% in the first quarter
Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. Key Points
mintHuawei ban would have significant impact on German mobile network -ministry
A ban on certain components by Chinese companies Huawei (HWT.UL) and ZTE could have a significant impact on Germany's mobile network if they have to be replaced on a larger scale, according to a German economy ministry letter seen by Reuters. Key Points
Reuters
Taxman sending mails in cases of advance tax, transactions mismatch
The income tax department is reaching out to assesses whose advance tax payments don't match their financial transactions, urging them to correctly calculate and pay their advance tax by March 15. This initiative aims to ensure tax compliance and enhance taxpayer services. The department uses data from the Annual Information Statement to identify discrepancies and inform taxpayers. Taxpayers can log in to their e-filing accounts to view details of significant transactions and comply with tax regulations. Key Points
Economic TimesWe will insulate ourselves from biz cyclicality: J P Chalasani, Suzlon Group
We do have a significant manufacturing capacity. We can manufacture 3-4 GW a year. Our ability to deliver larger volumes is significant now. We closed the last quarter with an order book of 1. 6 GW and subsequently, we have announced several orders. In fact, 50% of our order book is from the commercial and industrial segment. These things make us believe that our numbers and delivery will be strong, says J P Chalasani, chief executive officer, Suzlon Group. Key Points
Economic TimesSerum Institute's Adar Poonawalla to buy most expensive mansion in London: Report
The mansion, Aberconway House, is a significant 1920s property located near Hyde Park and is expected to be sold for a minimum of Rs 1,444.4 crore. Key Points
India TodayShould we be worried about Covid variant ‘Pi’? Potential concerns and overview
A novel variant designated Pi, officially recognized as BA.6, has emerged, igniting extensive discussions within scientific and medical circles and the virus's consistent mutation continues to raise significant alarms. Key Points
Economic Times140,000 without power in Michigan as thunderstorms ravage state
Severe thunderstorms hit southern Michigan, leaving over 140,000 customers without power. DTE Energy reported 108,000 outages, Consumers Energy 32,000. The storm caused significant tree and power line damage with a peak wind gust of 67 mph in Romulus. Community resilience and recovery efforts were underway. Key Points
Economic Times
PLI schemes for labour-intensive toys, leather sector on the cards
PLI scheme is showing significant dividends across many sectors. The intention is to also roll out this PLI scheme for more labour-intensive sectors such as toys, leather and footwear and other such sectors where employment benefits will be more significant, Singh said at an industry interaction. Key Points
Economic TimesWhen will LIC snap out of Adani induced decline? Deepak Shenoy answers
“There is a lot of fear and, I do not think the LIC management is helping by not giving a lot of clear indications about all of this. So, I think in the longer term it will recover. There is a big portion of another part of the profit pool which should come into play in the January to March quarter.” Key Points
Economic TimesFMCG sector set to hire in Chennai, other cities
Chennai is among the top five Indian cities that showcase a strong intent to hire in the FMCG sector alongside Mumbai, Delhi, Bengaluru and Hyderabad. The report highlights a significant growth in new hiring for sales, marketing and IT, along with office services, human resources, and blue-collar job roles. Key Points
Times Of IndiaMultibagger stock: Swan Energy delivered over 500% return in less than 3 years; up for 6th straight year
The company's shares, valued at ₹120 apiece in November 2021, have surged by 518% to reach the current price of ₹742 per share. A significant portion of this increase occurred over the past five months, with the stock rallying 160%. Key Points
mintWhy Finolex Indusries is expecting a pickup in H2, maintaining 15% volume guidance
Both the sectors which we participate in, the agri segment and the construction segment, are showing fairly robust growth. In the agri segment, we did see a little bit of drop in volumes, especially because of the volatility which we saw in the last part of Q2, but that has stabilized. And the last few weeks, we have seen significant pickup in demand in agri. Construction segment has been showing robust growth. Key Points
Economic Times
Suzlon Energy, Tanla Platform among 8 Nifty smallcap stocks that surged over 100% from their 52-week low
Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies' resilience and growth potential, reflecting market participants' renewed confidence in their future prospects. Key Points
Economic TimesGovernment to host first World Audio Visual and Entertainment Summit in Goa
New Delhi [India], July 13 (ANI): The Ministry of Information Broadcasting will organise the first edition of the World Audio Visual & Entertainment Summit (WAVES) from November 20-24, 2024. The summit will be hosted in Goa in collaboration with the State Government of Goa. Speaking with the reporters on Saturday, Union IT Minister, Ashwini Vaishnaw […] Key Points
ThePrintExercise can rejuvenate brain, delay cognitive decline: Study
Findings can help design interventions for older adults to maintain or improve both physical and mental health. Physical activity has a significant effect on... Key Points
The Tribune IndiaStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStocks in news: Infosys, Wipro, Tata Chemicals, Prestige Estates, Tata Communications
Prestige Group announced its latest acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR. This strategic acquisition marks a significant milestone for Prestige Group as it expands its footprint in the dynamic real estate market of NCR. Key Points
Economic Times
Transformative moment: BEML successfully test fires indigenous 1500 HP engine for military tanks
India's public sector BEML has achieved a significant milestone by successfully test-firing its indigenous 1500 HP engine for military vehicles. The engine, equipped with advanced technologies, represents a paradigm shift in military propulsion systems. The project, inaugurated by Defence Secretary Giridhar Aramane, signifies a step towards realizing Prime Minister Narendra Modi's vision of an Atmanirbhar Bharat. The project, initiated in 2020, is expected to be completed by mid-2025, with the production of 20 such engines in the next year for further trials. Key Points
Economic TimesMaruti Suzuki stock jumps 3.7% to record high, crosses ₹12,000 mark for first time
Maruti Suzuki India's shares hit a historic high of ₹12,025 per share, gaining 3.7%. CLSA predicts a rise in CNG vehicles share to 22% by 2030, with Maruti expected to maintain a 72% market share. Key Points
mintChocolate vegetable rice bowl makes the Internet cringe, people say it's 'gross'
This unusual recipe quickly garnered significant attention on the Internet. Many flocked to the comments section of the post to share their reactions to it. | Trending Key Points
Hindustan TimesCheck your inbox: Income Tax Dept alerting taxpayers on major transactions made during FY 2023-24
The Income Tax Department has initiated an e-campaign to notify taxpayers whose taxes paid during the current fiscal year do not match their financial transactions. Through emails and SMSs marked as Advance Tax e-Campaign-Significant Transactions for AY 2024-25, taxpayers are urged to accurately calculate and deposit their advance tax by March 15. Key Points
Economic TimesToo much regulatory guardrails could impede growth rate: Uday Kotak
Observing that the aspiration of the fast growth of 7.5-8 per cent GDP over the next 20-25 years needs significant capacity building, the veteran banker said, it also requires a sense of dreaming. It requires a sense of creativity, entrepreneurship, and professionals (need to be) ready to take risks without fear. Key Points
Economic Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market breadth has panned out, there is probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market has panned out at the start of 2024, there is probability of a selective correction taking place. So, it is stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesMarico Q3 Update: Revenue drops even as volumes grow in low single-digit
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel. This included a primary stock correction for its channel partners. Key Points
Economic TimesPredictions for 2024: Rapid growth in digital infrastructure and tech on cards
By 2024, India is poised to witness a significant leap in its digital infrastructure and technology sector. This prediction is supported by several key factors, including government initiatives, increased foreign investment, a burgeoning startup ecosystem, and a growing talent pool in the technology sector. Key Points
Economic Times
Sandeep Chattoo, prominent businessman and owner of Real Kashmir FC, dies
Sandeep Chattoo who owns Real Kashmir Football Club (RKFC) died in Gurugram after suffering a severe heart attack, his family said on Sunday. Chattoo was 57. He is survived by his mother, wife, and two children. According to the family, he experienced chest pain in the afternoon, following which he was swiftly taken to a hospital in Gurugram, where he was pronounced dead on arrival. Key Points
Economic TimesIndia-UK FTA: Scotch whiskey, EV, services issues may figure in 14th round of talks in Jan
The upcoming round of FTA talks between India and the UK in January will address important issues such as duty concessions on scotch whisky and electric vehicles, as well as matters concerning the services sector. According to an official, significant progress has been made in resolving issues related to rules of origin and intellectual property rights. However, differences remain regarding customs duty concessions on scotch whisky and EVs, as well as liberalization of norms in sectors like banking, insurance, and legal services. Key Points
Economic TimesOn his first state visit to India, Sultan of Oman welcomed by Murmu & Modi at Rashtrapati Bhavan
The Sultan landed Friday for a 3-day visit, marking a significant milestone in India-Oman diplomatic relations. He was accorded a ceremonial welcome at fore-court of Rashtrapati Bhavan. Key Points
ThePrintMicron's semiconductor project in Gujarat gains momentum, to provide job opportunities
New Delhi [India], December 6 (ANI): Micron’s ambitious semiconductor project in Sanand, Gujarat, is progressing at an accelerated pace, achieving significant milestones within a short span. The Union Cabinet, led by Prime Minister Shri Narendra Modi, approved Micron’s semiconductor unit in India, with a substantial capital investment of Rs 22,516 crore (USD 2.75 billion) in […] Key Points
ThePrint