Wealth managers recommend aggressive investors focus on large-cap and flexi-cap funds, with staggered investments in mid and small-cap funds. Allocate 15-20% to debt, 10-20% to gold, and avoid hybrid funds.
Bajaj Auto share price has risen by 25.15% over the past year, but has dropped by around 7% in the last 6 months. In the past 3 months, the stock has fallen by 24.9%, and in the last month, it has declined by 2.1%.
The stock traded at a P/E multiple of 5.45, while the price-to-book value ratio stood at 1.27.
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ASCF–III will focus on secured credit transactions for operating and holding companies, with a few investments in hybrid structures tailored to deal requirements. Aiming for a gross portfolio IRR of 16%-18%, the sector-agnostic fund will invest in industries such as pharmaceuticals, healthcare, manufacturing, consumer, chemicals, technology, and B2B businesses.
External Affairs Minister S Jaishankar underscores the importance of the Indian diaspora in creating a global workforce. He highlights their role in forging connections between India and their resident countries, while praising the Modi government's efforts to simplify processes and enhance support for diasporic communities.
Kotak Institutional Equities has maintained a ‘buy’ rating on Zomato with a target price of Rs 305, expecting a 22.3% upside. The brokerage forecasts a 19% YoY growth in Zomato’s food delivery GMV and a 114% growth in Blinkit GMV. While Blinkit's expansion may lead to widening EBITDA losses, its strong unit economics continue to support long-term growth potential.
As of 30-Sep-2024, promoters held 62.55 per cent stake in the company, while FIIs held 10.39 per cent and domestic institutional investors had 9.24 per cent.
US President-elect Donald Trump is determined to acquire Greenland, considering it crucial for national security and territorial expansion to overshadow Russian and Chinese influence. Trump intends to use diplomatic and economic pressure on Denmark, despite the country's refusal to sell Greenland.
Global auto suppliers are preparing to move production closer to the US due to potential high tariffs by President-elect Donald Trump. This includes moving production from China to North America. Companies like Bosch, Continental, Honda, and Panasonic are exploring shifts in their supply chains to avoid tariffs and better serve the US market.
TikTok is increasingly facing global scrutiny due to concerns over its ties to China and its influence on politics, misinformation, and mental health. Countries like India, Nepal and Albania have banned the app, while others, including the US, Canada and Russia, have implemented fines and security measures. Despite this, TikTok remains highly popular worldwide.
As of 30-Sep-2024, promoters held 44.07 per cent stake in the company, while FIIs held 18.24 per cent and domestic institutional investors had 18.43 per cent.
Novelis Inc, a part of Hindalco, plans to raise USD 750 million through bonds. The proceeds will be used to repay USD 738 million of debt and to fund their balance sheet. Novelis reported a decline in net income for the September quarter, but net sales rose due to higher aluminum prices and increased shipments.
The Karnataka government is facing criticism for increasing bus fares by 15% for state-run transport corporations. The opposition and public are debating the fairness of allowing women to travel for free while men bear the cost. BJP and Union Minister HD Kumaraswamy have criticized the decision, citing financial burden and lack of development initiatives.
The Indian rupee hit a record low of 85.93 per U.S. dollar due to rising U.S. bond yields and strong dollar bids, but the Reserve Bank of India likely intervened to cap losses. Expectations of Federal Reserve rate cuts and Trump's policies have pushed up the dollar.
Kabeer Biswas is leaving cash-strapped Dunzo, backed by Reliance Retail, after more than a year of grappling with funding issues. Biswas will closely work with Flipkart senior vice-president Hemant Badri for Minutes.
The rupee fell to a record low of 85.92 against the US dollar due to a strong American currency and rising crude oil prices. Forex traders cited foreign fund outflows and subdued domestic equity markets. The 10-year US bond yields remained high, impacting the rupee. FIIs offloaded Rs 3,362.18 crore in the capital markets.
A total of 274,213 shares changed hands on the counter till 11:26AM (IST)
The 30-share BSE Sensex was down 383.92 points at 77764.57
Chinese health authorities have detected a new mutated mpox strain, clade Ib, spreading after WHO declared a global public health emergency. The infection began with a foreigner who had traveled from the Democratic Republic of the Congo. Symptoms are mild, and the virus spreads through close contact, including sexual contact.
Penalty on cash transactions: Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their daily transactions as in certain specified cases penalty for an amount equal to the cash can be imposed. Moreover, the income tax department will disallow deductions if cash is used for transacting above a certain limit. Know the details.
The Nifty IT index was trading 0.47 per cent at 43429.50.
Elon Musk proposes incorporating SpaceX's Starbase launch site in Texas as an official city to support workforce growth and the Starship program, amid local environmental concerns and legal reviews.