A Systematic Withdrawal Plan (SWP) provides a steady income stream, especially for retirees. It allows investors to redeem investments gradually, minimizing tax implications and enabling simultaneous compounding. However, careful planning and monitoring of NAV are crucial for optimizing returns and ensuring corpus longevity.
The first Asian Buddhist Summit concluded in New Delhi. The summit saw participation from 32 countries. Over 160 international participants and 700 delegates attended the summit. The summit discussed the role of Buddha Dhamma in strengthening Asia. The summit concluded with the Delhi Declaration, outlining areas for future collaboration.
The objective is to achieve capital appreciation and income by primarily investing in arbitrage opportunities within the cash and derivative segments of the equity markets, as well as in intra-derivative arbitrage, with the remaining balance invested in debt and money market instruments.
Bengaluru residents found a unique way to entertain themselves amidst the city's notorious traffic jams by closely following the US elections. Social media platforms were abuzz with humorous takes, with some drawing parallels between Trump's 'MAGA' slogan and the city's traffic woes.
The Hurun India Philanthropy List 2024 highlights top donors like Shiv Nadar, Mukesh Ambani, and Rohini Nilekani. Nadar leads with Rs 2,153 crore, while other prominent figures contribute generously.
During his official visit to Australia, Indian External Affairs Minister S Jaishankar met with CEOs and business leaders in Sydney to emphasize the potential for economic cooperation between the two nations. He highlighted India's ongoing transformations in sectors like digital technology, infrastructure, manufacturing, and skilling, emphasizing the natural synergy between India and Australia for mutual growth.
ArcelorMittal gained 2.5% after the world's second-largest steelmaker reported a third-quarter core profit that was above market expectations.
India's search for a reliable opening partner for Yashasvi Jaiswal continues as KL Rahul and Abhimanyu Easwaran faltered in the second unofficial Test against Australia A. Dhruv Jurel's resilient 80 rescued India A from a precarious 65-5, guiding them to 161 all out. Australia A finished the day at 53-2, with Nathan McSweeney also failing to capitalize on his opportunity.
Jhunjhunwala was previously the chief product officer and managing director of Truecaller’s India division. He will assume the role on January 9.
The stock traded at a P/E multiple of 28.03, while the price-to-book value ratio stood at 4.96.
Economist Utsa Patnaik estimates that over 80% of India's rural population now consumes less than 2,200 calories daily. This signifies a decline in food and nutrition intake since the 1990s. Patnaik highlighted the impact of neoliberal policies and international trade agreements on India's agricultural sector. She criticized the government's data reliability and the undermining of support systems for farmers.
Home Minister Amit Shah addressed the 'Anti-Terror Conference-2024', emphasizing the need for advanced technology to combat evolving terror threats. He announced the development of a National Counter Terrorism Policy and Strategy, highlighting Prime Minister Modi's zero-tolerance approach to terrorism.
Elara Capital predicts a second Trump term would boost US equities and offer a mixed outlook for India. While sectors like IT and pharma could benefit, a hawkish Fed stance and a strong dollar might pressure the Indian rupee. Trump's policies might create trade challenges but also opportunities for India in areas like manufacturing and defense.
Senior Congress leader Sachin Pilot claimed that the INDIA bloc will secure victory in the upcoming assembly elections in Maharashtra and Jharkhand. He criticized the BJP for declining popularity, alleging misuse of agencies and divisive politics. Pilot emphasized the Congress's focus on positive campaigning and slammed the BJP for using central agencies for political gains.
A total of 17,967 shares changed hands on the counter till 02:01PM (IST)
Interarch is what we recently added, of course, at significantly lower levels and it has run up quite well, it is into prefab structure, it is a bottom-up stock picking that we did and there the opportunity is very-very large, unorganised to organised segment there is a shift and they are very well placed there, so which accelerates the setting up of factories and buildings that they are into and they have a very-very strong clientele.
The stock quoted a 52-week high price of Rs 2843.00 and low of Rs 1803.80.
Despite opposition from both President Biden and President-elect Trump, Japan's Nippon Steel remains optimistic about finalizing its acquisition of US Steel this year. The deal, valued at over $14 billion, has faced scrutiny, with Trump pledging to block it and Vice President-elect Vance expressing concerns about its impact on national security.
Devendra Fadnavis, Maharashtra Deputy Chief Minister, accused Rahul Gandhi of seeking support from urban Naxals. Fadnavis claimed Gandhi's display of the Constitution in a red cover was an attempt to appeal to these groups. He further stated that Gandhi disrespects the Constitution and engages in theatrics.
Trent Limited reported a 46% year-over-year increase in standalone profit for its second quarter, reaching Rs 423.44 crore. Revenue for the quarter also saw substantial growth, up 39.6% to Rs 4,035.56 crore. This success was attributed to strategic initiatives in product offerings, store expansion, and supply chain optimisation.
US Presidential elections 2024: Donald Trump has won the race to the White House and defeated his rival Kamala Harris by securing 295 electoral votes. An old video has now emerged in which Donald Trump was asked about three virtues of Kamala Harris. Initially, he labelled it as "very hard question" but went on to answer it. A similar question was also posed to Kamala Harris.
After the revision, HDFC Bank MCLR interest rates will now range between 9.15% and 9.50%. The rates are applicable from November 7, 2024.
Germany's coalition government collapsed after Chancellor Olaf Scholz fired his finance minister. Other ministers resigned, but one later decided to stay. Scholz will seek a vote of confidence, which could lead to an early election. The opposition is demanding an immediate vote. The coalition partners disagreed on economic policies. Scholz's government now faces challenges in passing legislation.
Nissan Motor announced cost-saving measures on Thursday, including 9,000 job cuts and a 20% reduction in global production capacity. The automaker also slashed its annual profit outlook for the second time this year, citing headwinds in major markets like China. CEO Makoto Uchida emphasized that these measures aim to make Nissan leaner and more resilient, not smaller.