Jio Financial and BlackRock received in-principle approval from Sebi for their mutual fund project. The joint venture also plans wealth management and broking services. Jio Financial aims for major growth in fintech, leveraging its ties with Reliance's digital and retail sectors. Foreign stake limit has been raised to 49%.
Titan's shares will be in focus as the company reported 25% year-on-year growth in its second quarter update. Jewellery domestic operations grew significantly after a reduction in gold import duties. The watches and wearables segment also saw growth, though wearables faced a decline. The company expanded its retail network by adding 75 stores.
Arab and Muslim Americans' anger over U.S. support for Israel may impact Kamala Harris's election chances. Green Party candidate Jill Stein says this could lead to a loss of swing states like Michigan and Arizona. Both Harris and Trump are working to gain favor among these voters before the election.
Ashi Anand, CEO of IME Capital, emphasizes the promising future of digital platforms and the financial sector in India. Digital forms of transactions, including payments and transportation, have strong potential. He also favors financiers, insurers, and capital market players, highlighting their growth prospects. However, he advises caution in the oil sector due to geopolitical tensions.
Following Sebi's new regulation, NSE is likely to discontinue all other weekly expiries besides Nifty Bank as it has higher volumes. What are your thoughts on which index has the potential to make more money - Nifty or Nifty Bank? Old-timers will miss Nifty if it is discontinued.
IndusInd Bank reports a 13% year-on-year rise in net advances to Rs 3,56,980 crore for September 2024, and a 15% increase in deposits to Rs 4,12,704 crore. Sequential gains of 3% and 4% respectively are also noted. CASA ratio declines to 35.9%.
Taiwan’s Ministry of National Defence reported 27 Chinese military aircraft and 6 naval vessels operating around Taiwan from Sunday to Monday morning. 19 of these aircraft crossed the Taiwan Strait median line, prompting Taiwan to monitor and respond. This activity adds to a series of recent provocations by Beijing.
Seven stocks, including Bandhan Bank and GNFC, are under F&O trade ban due to their high open interest (OI) crossing 95% of the market-wide positions limit. The ban is only lifted when OI falls below 80%. The Sensex and Nifty dropped significantly amid escalating Middle East tensions.
The Mumbai Metro Line 3, Aqua Line, opens today with a 12.69-km stretch from BKC to Aarey. Inaugurated by Prime Minister Modi, the line features 10 stations and aims to reduce vehicular traffic by 35%, expecting about 4 lakh daily passengers. Services run daily from 6:30 am to 10:30 pm.
Israeli Prime Minister Benjamin Netanyahu on Sunday vowed to achieve victory and said his country's military "completely transformed reality" in the year since Hamas's October 7 attack, which has left the country fighting two wars. Over the past 12 months, we have completely transformed reality," Netanyahu said during a visit to the Lebanon border, according to his office.
Adani Wilmar reports a 16% YoY revenue growth for Q2FY25, driven by strong performance in edible oils and food business. Expanded its distribution to over 36K rural towns and aims for 50K+ by FY2025. E-commerce revenue grew fourfold in four years.
Union Defence Minister Rajnath Singh will inaugurate DefConnect 4.0 in Delhi to promote indigenous defence innovation. The event, organized by iDEX-DIO under the Ministry of Defence, will bring together armed forces, defence PSUs, innovators, and policymakers. It features a technology showcase, interactive sessions, and discussions on recent budget announcements and semiconductor initiatives.
A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Domestic markets declined nearly 1% amid West Asia tensions and FII outflows, affecting stocks like M&M Financial, Angel One, and Vedanta. Analysts suggest M&M Financial and DMart show bearish patterns, while Vedanta demonstrates a bullish trend with potential for further gains.
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Traders anticipate a potential shift to a neutral stance by the Reserve Bank of India on Wednesday, with expectations of dovish signals possibly driving yields down further. Foreign inflows and a rate cut by the US Federal Reserve boost optimism, despite geopolitical tensions and the RBI's cautious approach.
Gold prices slightly decreased as a strong U.S. jobs report led to lowered expectations for a large Fed rate cut. Market participants are now waiting for upcoming inflation data and comments from Federal Reserve officials. In other markets, silver, platinum, and palladium saw slight gains. Key economic data from Germany, the UK, and France is also expected.
Bihar Deputy Chief Minister Vijay Kumar Sinha said that Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav is "one of the most corrupt" persons in politics, adding that during his tenure lives of people of the whole country were at stake.
The Economic Times Startup Awards (ETSA) 2024 ceremony brought together startup leaders and policymakers in Bengaluru for a friendly and insightful dialogue on Saturday evening. The gathering of over 250 eminent personalities discussed several hot-button issues on the sidelines of the summit, which featured a chat with guest of honour Union minister Ashwini Vaishnaw and a panel discussion hosted by Infosys chairman and cofounder Nandan Nilekani.
Resident doctors at Delhi AIIMS plan a candle march on October 9 to demand justice for the victim of rape and murder at Kolkata's RG Kar Medical College. AIIMS expresses solidarity with the West Bengal resident doctors who initiated a hunger strike. They call for swift legal action and urge authorities to address the demands of the protesting doctors.
Hurricane Milton, a Category 1 storm, is intensifying in the Gulf of Mexico and is expected to hit Florida's coast, still recovering from Hurricane Helene. Florida has declared a state of emergency, with evacuation orders issued. Misinformation is complicating relief efforts.
Britain's job market cooled in September with pay growth at its slowest in nearly four years. Permanent job placements continued to decline, though less sharply than in August. Companies face uncertainty ahead of the upcoming annual budget. This easing in pay pressures could support further interest rate cuts by the Bank of England.
Donald Trump promises to impose up to 200% tariffs on vehicles imported from Mexico to support the U.S. auto industry amid a close presidential race against Kamala Harris. This stance draws criticism for potentially raising vehicle costs. Trump also criticizes the Biden administration's response to Hurricane Helene.