India's benchmark indexes ended in red on Wednesday, pressured by selling in heavyweight financial and consumer stocks as investor sentiment remained cautious ahead of the upcoming corporate earnings season while concerns over the likelihood of fewer interest rate cuts by the U.S. Federal Reserve added to the overall subdued mood in the market.
Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop a 10-acre integrated project in Hyderabad. This project will include luxury homes, office-retail spaces, and a commercial tower with a mall, office space, and an Intercontinental Hotel. The residential section will feature 600 flats. The commercial spaces will be rented to corporates under the 'World Trade Center' brand.
The Allahabad High Court halted proceedings in the civil court dispute over the Jama Masjid in Sambhal, UP. The mosque's management committee filed a revision plea after a Supreme Court order. Accusations arose about the speed of initial judgments and surveys. The High Court demands responses by February 25.
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Gurmeet Chadha highlights the high valuations in the market and emphasizes the importance of duopolies in growth sectors like depositories. He predicts strong growth in the dematerialization and alternative market sectors. He also identifies investment opportunities in companies like Reliance, defence technology, recycling, new-age companies, and IT. Chadha advises a long-term investment view to navigate market volatility.
Beta-blockers, used for irregular heartbeat and hypertension, can cause dangerously low potassium levels, known as hypokalaemia, according to the Indian Pharmacopoeia Commission. This adverse reaction is rare but can cause serious complications. Elderly people and those using diuretics should be extra cautious. The alert is only advisory and patients need not panic.
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These promotions come as Inflexor recently raised Rs 280 crore in the first close of its Rs 350 crore Opportunities Fund, with HDFC Asset Management Company as the lead investor. The firm aims to close this fund by the end of January or early February.
In the September quarter, microlending outstandings declined by 4.3% to Rs 4.14 lakh crore due to lenders adopting a cautious approach amidst worsening asset quality. Loans unpaid for 31-180 days saw a notable increase. Only NBFCs grew their portfolio while banks and small finance banks experienced declines.
Smallcap stocks attract investors seeking high growth despite higher risks. ETMarkets recently identified 80 multibagger smallcap stocks with impressive growth in FY25.
India can use artificial intelligence to do great work in the area of Indic languages and transform its industries, said Microsoft chairman and CEO Satya Nadella, on his second day at Microsoft India AI Tour. He also said that academics in India, the research institutions, including Microsoft Research, have a very fantastic math team and algorithms team.
Mark Zuckerberg, chief executive of Meta, on Tuesday released a video explaining this move, using some of the language that conservatives have long used to criticise his company. He said it was time to prioritise “free expression” and that fact-checkers had become “politically biased”.
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Union Budget: EY India proposes personal tax relief and the deferment of TDS on PF interest rate in the upcoming union budget 2025-26. They recommend simplifying the tax system, reducing litigation, and providing clarity on cryptocurrency and NFT taxation. Proposed reforms include rationalising capital gains structures and removing house property loss set-off caps.
In Season 4 of Shark Tank India, Karan and Advita pitched Indulge, a luxury concierge service. They sought Rs 50 lakh for 1% equity. Their clients included 183 ultra-wealthy individuals. Despite sharing a Rs 4,000 Coke delivery story, all judges declined to invest. Peyush Bansal withdrew interest due to lack of clarity around a past investment by Nikhil Kamath.
Netflix will release two new anime series, "Baban Baban Ban Vampire" and "Sakamoto Days," on January 11, 2025. Episodes will be released weekly. "Baban Baban Ban Vampire" follows vampire Mori Ranmaru, protecting a boy's virginity, while "Sakamoto Days" sees a retired assassin drawn back into his old life.
Industries Minister MB Patil launched travel packages by Mysore Sales International (MSIL) offering affordable, innovative options for all, including homely food, door-to-door services, and EMI plans. Packages cover religious and international destinations. MSIL aims to boost annual transactions from Rs 250 crore to Rs 5,000 crore.
Foxconn and Dixon Technologies are requesting subsidies from India’s production-linked incentive program, claiming they are eligible for unallocated funds. The government pledged 410 billion rupees in subsidies, but some companies didn’t meet production targets, leaving funds unclaimed. Foxconn and Dixon, exceeding their production caps, argue they should receive a share.
Wildfire in Southern California: Fast-growing wildfires have destroyed homes in the Pacific Palisades in Los Angeles, prompting residents to flee on foot. As many as three massive wildfires broke out in Southern California almost at the same time. Around 30,000 residents have been ordered to evacuate the area near the fire, which has grown to more than 1,200 acres, according to the Los Angeles Fire Department.
Approximately 40 equity mutual funds delivered over 20% Compound Annual Growth Rate (CAGR) over the last three and five years. HDFC Mutual Fund had the highest number of such schemes, followed by Nippon India Mutual Fund and others. Motilal Oswal Midcap Fund provided the highest return among these funds. Investors should consider individual risk and goals before investing.
IAF Chief A P Singh underlined the importance of every Indian citizen serving the nation, irrespective of wearing a uniform, during his address at the Republic Day National Cadet Corps Camp. He emphasized that patriotism and service to the country reside in every citizen, fostering unity, discipline, and responsibility.
YES Securities forecasts 20–31% gains in select stocks across insurance, jewelry, grooming, infrastructure, and castings, citing robust growth strategies, sectoral demand, and government initiatives.