'Sense of pride, optimism about our national potential': PM Modi after flying on Tejas Fighter Jet
Following the sortie, Modi tweeted, 'Successfully completed a sortie on the Tejas. The experience was incredibly enriching, significantly bolstering my confidence in our country's indigenous capabilities, leaving me with a renewed sense of pride and optimism about our national potential.' Key Points
FirstpostFor a better equation of desire and risks: 4 small cap stock from different sectors
While the desire to own small caps is high, it is very important to manage the risks of investing in them, they may either give very high returns or just make your capital under perform significantly. For enthusiasts and steadfast supporters of small-cap stocks, the key lies in a thorough examination of a company's fundamentals before making any investment decisions. Beyond these financial metrics, two critical aspects must not be overlooked: the quality of the company's management and the sector in which it operates. The management team's competence, integrity, and vision are pivotal in steering the company towards growth and navigating challenges. Meanwhile, the sector's potential for growth and resilience against economic fluctuations can significantly influence a company's performance. Key Points
Economic TimesParacetamol maker Granules India' Q1 profit hurt by cyber attack disruptions
Granules India Ltd (GRAN.NS), the maker of paracetamol and ibuprofen pain relievers, reported a 62.5% fall in first-quarter profit on Wednesday, as a cyber security incident significantly disrupted operations. Key Points
ReutersCAD to remain moderate, eminently manageable, says RBI Governor Shaktikanta Das
Overall, our external sector indicators have improved significantly. Foreign exchange reserves have rebounded from USD 524.5 billion on October 21, 2022 and now stand in excess of USD 600 billion taking into account our forward assets, said Das while announcing the key decisions of the Monetary Policy Committee (MPC) meeting. Key Points
Economic TimesNifty rally may spark risky behaviour. Top 17 stock picks from ICICI Securities
ICICI Securities warns that investors are increasingly willing to take higher risks for lower returns as the Nifty approaches record highs. The shift from abnormally low interest rates to normal levels may limit equity returns from risky assets. The brokerage firm predicts a modest 8% upside from the current levels, with SBI, Bharti Airtel, and BHEL among its top picks. Despite this risk, ICICI Securities notes that the earnings outlook has improved, citing the Q4FY23 earnings season, which saw a significantly higher number of beats and in-line results as compared to misses. Key Points
Economic Times
UK to increase its visa fee to meet health sector cost
Visa applicants from around the world, including Indians, will have to pay significantly higher fees and health surcharge when accessing the UK's state-funded National Health Service (NHS), according to the country's Prime Minister Rishi Sunak. Sunak confirmed a hike of between 5% and 7% for the fees and health surcharge. Key Points
Economic TimesPlacement of women trainees from ITI Berhampur hit all-time high
As per a study and recent reports by National Skills Development Corporation, the ratio of trained men and women candidates have risen significantly and women now contribute 22.8 per cent of the workforce. Key Points
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