Rahul Gandhi's portfolio: Congress leader has invested in these 10 stocks, 5 mutual funds
Rahul Gandhi owns sovereign gold bonds with a market value of ₹15.21 lakh as on March 15, 2024. Which are the stocks he has invested in? Key Points
Hindustan TimesNikhil Kamath is India's youngest billionaire. Check out who else is on Forbes' 2024 list
Nikhil Kamath, co-founder of Zerodha, tops India's youngest billionaires list with a net worth of $3.1 billion. Mukesh Ambani remains the richest. Zerodha disrupted India's brokerage market with 10 million clients. Key Points
mintCapex mood sees revival in Q3, led by private sector: CMIE data
The investment mood improved in the December quarter, but remains weak since the same quarter a year ago. Analysts see a patchy outlook for now due to the looming Lok Sabha elections, but the overall trend is optimistic. Key Points
mintRs 10 cr assets found in raids on Madhya Pradesh officer who earned Rs 45,000
Documents related to 16 immovable properties, worth around Rs 1.25 crore, in the name of Ali, his wife, son and daughter were also found during the searches at his houses. Key Points
India TodayNear-extinct Kashmiri rugs find new lease of life
Kashmir’s centuries-old “namda” (wollen felt rug) craft is back from the brink of extinction. Powering the revival of the once dying art are more than 2,200 artisans from the Valley, mainly girls, who this week dispatched the first batch of an export consignment worth $1.5 lakh rec Key Points
The Tribune India
India's richest man: Mukesh Ambani on top; check other tycoons on the list
Mukesh Ambani remains India's richest person with a net worth of ₹7.5 lakh crore, while Gautam Adani is his closest rival with a net worth of $61.4 billion. Key Points
mintPM Modi to visit Warangal, Bikaner today; unveil projects worth over Rs 30,000 crore
PM Modi is currently on a two-day visit covering four states. On Friday, Prime Minister inaugurated and laid the foundation stones of multiple development projects worth more than Rs 12,100 crore in Varanasi. Key Points
Business TodayED attaches Rs 52-cr assets of Sisodia, others in excise scam
The Enforcement Directorate (ED) today issued an attachment order under the Prevention of Money Laundering Act for seizing assets worth Rs 52.24 crore of arrested former Delhi Deputy CM Manish Sisodia, his wife and other accused as part of its probe into the excise policy “scam”. Key Points
The Tribune IndiaBTR Boys are back! Check net worth of members
BTR boys Kendall Schmidt, James Maslow, Logan Henderson, and Carlos PenaVega are ready to hit the road with a summer tour. They have already rolled out an album. Key Points
Economic TimesNet worth Meaning: Measure of one's Wealth
A net worth statement or balance sheet is intended to give you an idea of the financial state of your business at a certain point in time. Although they can be created at any time, net worth statements are frequently created at the start and end of the accounting period. Key Points
Times of India
SP pick richest among Sangam city mayor hopefuls
Prayagraj is set for a multi-cornered mayoral contest with 21 candidates running for the position. The richest among them is Ajay Srivastava of the Samajwadi Party, while the BJP?s Ganesh Kesarwani has the least assets. The Bahujan Samaj Party?s Saeed Ahmed and the Aam Aadmi Party?s Mohamad Qadeer also own assets worth crores of rupees. The election will take place on May 4, with vote counting on May 13. Key Points
Hindustan TimesMukesh Ambani ranks 9th in Forbes World's Billionaires List 2023, highest in Asia
India Business News: Mukesh Ambani was ranked 10th in the prestigious list last year, with an estimated net worth of USD 90.7 billion.In the latest list this year, Mukesh Key Points
Times Of IndiaJack Dorsey’s wealth tumbles $526 million after Hindenburg short
International Business News: Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May. He’s now worth $4.4 billion after the 11% drop, accordin Key Points
Times Of IndiaFIIs turn net buyers last week, pouring in Rs 4,300 crore; is it comeback time?
Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. Key Points
Economic TimesJio Financial demerger could end up creating over Rs 10 lakh cr worth of book in 3 years: Deven Choksey
“Jio Financial Services remains a strong proposition as far as the outlook is concerned on the NBFC side. That definitely holds good for shareholders because they are getting 1:1 equity out of this particular proposition. We are getting a relatively better visibility for investment going forward from this particular company.” Key Points
Economic Times
Stock rally brings Gautam Adani back among world's 20 richest billionaires
Adani is now at the 19th spot in the Bloomberg Billionaires Index. His total net worth has seen a $6.5 billion uptick as last reported by Bloomberg. The Ahmedabad-based businessman's total net worth is still down by $53.8 billion on the year-to-date basis. Key Points
Economic TimesMeet Rakesh Jhunjhunwala’s ‘Guru’ Radhakishan Damani, the man with a Midas touch in the stock market: Know about his journey, net worth and more
From humble beginnings to a net worth of billions, his journey is nothing short of inspirational. Here, we take a look at Damani's journey, education, net worth and more. Key Points
FinancialexpressKarnataka election officials seize cash and materials worth Rs 108 crore in 11 days
From Rs 20.12 crore in the run-up to the 2018 Assembly polls, the seizure has increased by 440%. Key Points
The Indian ExpressJayshree Ullal, Neerja Sethi, Neha Narkhede, Indra Nooyi: Meet Indian-origin women on 'America's Richest Self-Made Women' List
Four Indian-origin women have made it to the Forbes list of America's 100 richest self-made women, with a combined net worth of a $4.06 billion. Key Points
Business TodayRekha Jhunjhunwala to Rohiqa Cyrus Mistry: Here are India’s richest women and their net worth as per Forbes’ latest list of billionaires
Forbes has reported that India's billionaire list for 2023 now includes 16 newcomers, out of which three are women. Among these women, two have inherited their fortunes. Let’s take a look at the country’s richest women. Key Points
Financialexpress
Indian Army orders Rs 7,300 cr emergency buy from desi companies to counter China
A range of equipment was ordered mainly from the private sector. They include drone and counter drone systems, armaments, simulators, communication systems and vehicles, according to people in the defence establishment. Key Points
Economic TimesFPIs sell Friday’s bounce, mkts to remain volatile
The benchmark Nifty and Sensex indices ended up 0.7% each, with the Nifty gaining 135.35 points to close at 19,517 while the Sensex gained 480.57 points at 65,721.25. Key Points
mintFPIs lap up Indian equities worth Rs 35,000 crore in March
Foreign portfolio investors were net buyers in March, with equity purchases worth Rs 35,098 crore, showing improvement from previous months. Strong buying trends were seen in various sectors. Key Points
Economic TimesDelhi liquor scam: ED attaches assets worth Rs 52 cr of former deputy CM Manish Sisodia and others
The attached assets worth Rs. 52.24 crore include immovable properties worth Rs. 7.29 crore, including two immovable properties of Manish Sisodia, flat of Rajesh Joshi of Chariot Productions Media and flat of Gautam Malhotra, ET Bureau reported. Key Points
Economic TimesRs 8,800 crore-inflows! FPIs flock to D-Street in new financial year
FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first half of April. They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March. Key Points
Economic Times
Jaya Bachchan, Amitabh Bachchan's combined wealth is ₹1578 crore: Report
Jaya Bachchan reportedly owns jewellery worth ₹40.97 crore, while Amitabh Bachchan has jewellery worth ₹54.77 crore and a fleet of 16 vehicles. | Bollywood Key Points
Hindustan TimesBharat Electronics bags orders worth Rs 848 crore
International Business News: Bharat Electronics Ltd (BEL) secured orders totaling Rs 847.84 crore, including a significant project from the ministry of finance worth Rs 665.84 cro Key Points
Times Of IndiaED attaches properties worth Rs 45.23 cr in bank fraud case
New Delhi [India], January 8 (ANI): The Directorate of Enforcement (ED) has provisionally attached four immovable properties worth Rs 45.23 crore in a bank fraud case involving Associate High Pressure Technologies Private Limited (AHPTL), an official statement said on Monday. ED stated that the attached properties include a land parcel worth Rs 37.39 crore situated […] Key Points
ThePrintTata Tech among 6 IPOs where mutual funds invested in November
Aditya Birla Sun Life MF, Axis MF, DSP MF, Franklin Templeton MF, ICICI Prudential MF, Kotak MF, Nippon India MF, Motilal Oswal MF, Mirae, Sundaram, JM and SBIMF shopped for Tata Tech, a Nuvama report said. They added shares worth Rs 1,120 crore. Key Points
Economic TimesMumbai airport's AIU arrests Nigerian woman with heroin worth ₹2 cr. Details here
Mumbai news: Air Intelligence Unit at Mumbai Airport arrested a Nigerian woman with 350 grams of heroin drugs worth ₹2 crores. The arrested has been sent to 14 days of Judicial Custody. Key Points
mint
Potential Winners! How star investors' portfolios shape up after Q1
Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors' portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter Key Points
Economic TimesElon Musk adds nearly $100 billion to net worth in 2023; Gautam Adani sees biggest drop
Elon Musk witnessed a staggering increase of $96.6 billion in his net worth from January to June 2023. On the other hand, Gautam Adani's wealth dropped by over $60 billion. Key Points
India TodayBill Gates Net Worth: Know How Rich the Founder of Microsoft Company
William Henry Gates III is an American business magnate, investor, and philanthropist. He is best known for co-founding software giant Microsoft. Key Points
Times of IndiaMore Indians on Forbes 2023 billionaires list, 16 debut, oldest is 99-year-old
The 2023 Forbes billionaires list features 169 Indians, up from 166 last year. You might know who is India's wealthiest person, but do you know who is the oldest and the youngest Indian billionaires? Also, find out the three women who debuted on the list and the people who are out. Key Points
India TodayCentral Railway RPF retrieves stolen property worth Rs. 1.38 crore
The Central Railway Railway Protection Force retrieved stolen property worth Rs. 1.38 crore during the period from April to November 2023, said the release. | Mumbai news Key Points
Hindustan Times
Khattar dedicates development projects worth ₹2,741 crore for Haryana
Khattar said that Nuh district’s biggest project is the Rainiwell-based drinking water scheme, benefiting the people of the Ferozepur Jhirka area. Khattar on Tuesday virtually inaugurated and laid the foundation stones of 347 projects worth ₹2,741 crore in various districts of Haryana. Key Points
Hindustan TimesHow Elon Musk reclaimed title of world’s richest person
Tesla and SpaceX CEO Elon Musk became the world's richest person again on Wednesday after staying on the second spot for months. Here's how he reclaimed the top spot. Key Points
India TodayFortunes of startup founders swing with stock prices in past 12-14 months
During the last 12-14 months, startup founders such as Zomatos Deepinder Goyal and Policybazaars Yashish Dahiya and Alok Bansal have reaped mega rewards. However, Paytm founder and CEO Vijay Shekhar Sharma has seen his wealth eroded. Key Points
Economic TimesPoison of appeasement weakening with development: PM Modi in Azamgarh
Prime Minister Narendra Modi praises Azamgarh's development and inaugurates projects worth over Rs 34,000 crore. The event in Azamgarh attracts people from different parts of the country. Modi's speech at the rally emphasizes the speed of development and the promise of a developed India by 2047. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with potential upside of up to 36%
Unlike last quarter of 2023, when nifty and sensex used to witness correction and mid-cap index was able move higher. Since the start of 2024, the mid-cap index is also participating in the correction, clearly indicating that some profit booking is taking place in this segment of the market. Having said that, if one looks at the flow of money to the mutual funds, a good amount of it is still coming in funds which are focussed on mid or small cap. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of ABCD reasons or the company will get such and such orders worth this much. There is enough evidence in history to show that more than anything else, checks and balances are most important at this point of time, while making investment decisions. Key Points
Economic Times
17 cars, jewellery over ₹90 crore. Jaya Bachchan declares joint net worth of over ₹1,500 crore with Amitabh: Report
Jaya Bachchan owns jewellery worth ₹40.97 crore and a car worth ₹9.82 lakh, while Amitabh Bachchan owns jewellery worth ₹54.77 crore and 16 vehicles worth ₹17.66 crore Key Points
mintNext in line to get re-rated? 6 fertilizer stock ideas with four having buy reco and upside potential of u
While it has been slower as compared to other sectors, even the fertilizer sector has been witnessing policy changes which have intended to plug loopholes and increase the operational efficiency of the companies. Given the policy measures, it would be worth bringing them to watchlist because if a re-rating takes place then we could see a sharp move. But one thing which one needs to remember is that in such sectors some time invested capital can underperform for some time. Key Points
Economic TimesFund flow today | FIIs sell stocks worth ₹1,564.03 crore, DIIs offload ₹9.66 crore shares as markets dip
FIIs buy stocks of Indian companies worth ₹15,498.91 crore and buys shares for ₹13,934.88 crore Key Points
mintFor long-term investors looking for midcap exposure: 4 stocks with right PEG ratio
The problem with PE ratio is that it not only creates a mirage in terms of buying of a stock. But even selling stocks just because P/E is high is also something which leads to selling wealth creators early and then regretting or buying them at a point when they are expensive in real terms. So it is better to use peg ratio, which comes with its own challenges, which are still worth taking. Key Points
Economic TimesExplained: Why foreign investors are reducing domestic stock holdings
Overseas funds sold off $768.4 million worth of Indian shares in a single day last Thursday, marking the largest one-day outflow since June 2022. Key Points
India Today
Nifty Financial Services index stocks: Will they lead the correction once again?
For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space. Key Points
Economic TimesIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersReady for volatile times? 2 mid and 3 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at. But if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesReady for volatile times? 5 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at but if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy Key Points
Economic TimesLooking to beat volatility? Bet on these 5 largecap stocks with right mix of ROE & ROCE
A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic Times
Adani Enterprises, Bajaj Auto, HDFC, IRCTC among top largecap stocks mutual funds bought in June; here’s full list
Mutual fund houses bought 27.20 crore of HDFC worth ₹76,767 crore in June 2023. They also bought LIC shares worth ₹2,299 crore, Coal India shares worth ₹14,116 crore, Jindal Steel & Power worth ₹6,847 crore and shares of Adani Enterprises to the tune of ₹3,169 crore. Key Points
mintMarkets end flat in volatile trade amid weak trends in global equities
Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 2,123.76 crore, according to exchange data. Key Points
FinancialexpressMarkets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The HinduMark Zuckerberg is richer by $10 billion as Meta declares great quarter after layoffs, cost-cutting
Meta's CEO Mark Zuckerberg now has a fortune of $87.3 billion. A report from Bloomberg reveals that this hike has helped him reach the highest net worth ever in over a year, making up for the loss that he incurred back in 2022 Key Points
India TodayGR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 cr in Karnataka
GR Infraprojects Ltd on Tuesday said it has emerged as the lowest bidder for two NHAI projects worth Rs 1,613.84 crore. The financial bids were opened on March 28, 2023. Key Points
Economic Times
Shah Rukh Khan’s birthday: Here’s a look at SRK’s net worth, most expensive possessions
Shah Rukh Khan, born and brought up in a middle-class family, is among the world's richest actors. Recently, his earnings have increased significantly due to successful films and business ventures. Key Points
mintManoj Bajpayee reacts to reports about his net worth being ₹170 crore
Manoj Bajpayee was asked about his rumoured ₹170 crore net worth in a new interview. Here's how the shocked actor reacted to the claims. | Bollywood Key Points
Hindustan Times