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Budget 2023: 3 recommendations that can boost Indian markets
The Indian stock market grew exponentially in the last 2 years but we are seeing a steady drop in the number of active participants on Dalal Street over the last six months. Firstly, after a 2-year bull run, we witnessed a downward trend due to the Russia-Ukraine war, local economic factors, changes in regulations and also changes in individual investors' risk tolerance or investment strategies. (Tax breaks, jobs or plan to beat China: What will Budget 2023 offer?
Stock market update: Fertilisers stocks down as market falls
NEW DELHI: Fertilisers stocks were trading lower on Thursday at 11:17AM Nagarjuna Fertilizers & Chem(up 4.85%), & Petrochemicals(up 1.96%), ZUARIAGRO(up 1.40%), National Fertilizer(up 1.13%), Madhya Bharat Agro Products(up 0.82%), Southern Petrochemicals Industries(up 0.54%), & Fertilizers(up 0.42%) and & Fertilizers(up 0.20%) were among the top gainers.
BHIM UPI: Is there a limit to the amount of money that can be sent using BHIM?
BHIM – Bharat Interface for Money is a UPI based payment interface that allows real time fund transfers using a single identity like your mobile number or name. How to download Bhim app Step 1: Download and Install BHIM app from Google Play store/Apple App Store. Step 2: Select your preferred language. Step 3: Select SIM card which has the mobile number registered with your respective bank. Step 4: Set the application passcode required to enter the app.
When is Lohri on Jan 13 or 14? How is it celebrated and everything you should know about the festival of joy and fertility
SECTIONS When is Lohri on Jan 13 or 14? How is it celebrated and everything you should know about the festival of joy and fertility ET OnlineLast Updated: Jan 12, 2023, 11:33 AM IST Synopsis Generally Lohri festival is celebrated a day before Makar Sankranti on January 13. But this year there is a confusion whether Lohri is on January 13 or 14. As per Drik Panchang, the Lohri will take place on Saturday, January 14, 2023 and Makar Sankranti will fall on January 15 on a Sunday.
Jefferies reduces target prices of Adani Ports and Delhivery Original
NEW DELHI: Global brokerage firm Jefferies has reduced its target prices on & SEZ from Rs 1,100 earlier to Rs 995 now and on Delhivery to Rs 570 from Rs 700 earlier. It has retained buy ratings on both of these stocks. "Formalisation of the logistics sector is a multi-year theme that should play out.
Thala vs Thalapathi: Ajith Kumar’s ‘Thunivu’ and Vijay’s ‘Varisu’ clash at BO, mint Rs 40 cr jointly
Synopsis Both films released on 11 January. Agencies Tamil cinema has begun New Year with a bang. Two of its biggest stars Ajith Kumar and Thalapathy Vijay are now clashing at the box office, with two mega-budget movies ‘Thunivu’ and ‘Varisu’. Both films released on 11 January. The similarities do not end here. Both movies are quintessential action dramas and feature the leading men in larger-than-life avatars.
Russia changes commander again in Ukraine as battle for Soledar rages
Ukraine -Moscow named a new commander for its invasion of Ukraine while Russian private military firm Wagner Group said its capture of the salt mining town Soledar in eastern Ukraine was complete, though the Ukrainian military said the battle was not over. Russian Defence Minister Sergei Shoigu on Wednesday appointed Chief of the General Staff Valery Gerasimov as overall commander for what Moscow calls its "special military operation" in Ukraine, now in its 11th month.
Union Budget 2023: Can hybrid vehicles provide the push for EV adoption?
Synopsis While there is positive growth momentum in EVs, considering the slew of measures extended by the Government, there still seems to be a long road ahead. Inadequate charging infrastructure, unavailability of raw materials, low customer preference due to the high cost of ownership of EVs, etc., are some of the hurdles which may take some time to be addressed and can be done in Union Budget 2023.
Mahindra named fastest-growing brand in South Africa
The Indian auto manufacturer Mahindra has been named the fastest-growing brand in South Africa for the year 2022 as the company's local subsidiary set several records in the last year, according to a report by the National Association of Automobile Manufacturers of South Africa (NAAMSA).
National Youth day: Here is all about Hubballi Youth Festival 2023 and top life lessons from Swami Vivekananda
Synopsis The government of India had declared the day as the National Youth Day in 1984 to honour and cherish his ideals, teachings and contributions, and encourage youth to follow his footsteps. This year, Prime Minister Narendra Modi will inaugurate the four-day National Youth Festival in Karnataka's Hubbali today. The theme of this festival is "Viksit Yuva - Viksit Bharat". The festival will be held in Hubballi-Dharwad from 12th to 16th January.
Delhi woman kidnapped & murdered, police exhume body from grave
The woman was kidnapped and murdered around 10 days ago while the accused were held by the police on Wednesday. The police dug up the grave in Nangloi to retrieve the body. Her post-mortem will be conducted at the Sanjay Gandhi Memorial Hospital on Thursday, police said. A 50-year-old woman was kidnapped from outer Delhi's Mangolpuri, brutally murdered by three persons, who then buried her body to destroy evidence.
India's Covid-19 vaccination story should make every Indian proud: Health minister
Health minister Mansukh Mandaviya said on Wednesday that India's vaccination programme was a story of new India, and a success story that every Indian should know about. The country's vaccine roll-out was also an equaliser as it did not discriminate among Indians and set an example for other countries to follow, the minister said.
Scaler appoints Manish Pansari as senior VP to strengthen data science, machine learning verticals
Tech upskilling startup Scaler has announced the appointment of Manish Pansari as senior vice-president - business at InterviewBit and Scaler, said a statement issued today. Pansari will lead the data science and machine learning business, providing differentiated and aspirational offerings for technical skilling. With an immediate focus on the Indian market, he will be responsible for scaling the DSML vertical.
Chidambaram refutes Dhankhar's 'Parliament is supreme' remark
Congress leader P Chidambaram on Thursday refuted Vice President Jagdeep Dhankar's remarks that the 'Parliament is supreme' "The Hon'ble Chairman of the Rajya Sabha is wrong when he says that Parliament is supreme. It is the Constitution that is supreme. The "basic structure" doctrine was evolved in order to prevent a majoritarian-driven assault on the foundational principles of the Constitution," Chidambaram tweeted.
Geophysical scientists from Hyderabad to study land subsidence issue in Joshimath
A team of experts from CSIR-National Geophysical Research Institute (NGRI) will be leaving for Joshimath in Uttarakhand, which witnessed land subsidence recently, to conduct subsurface physical mapping of the affected town, a senior scientist has said. The 10-member team headed by NGRI's senior principal scientist Anand K Pandey is expected to reach the site on January 13 and start their work from the following day.
Change in income tax slabs, exemption for child-care and more: What taxpayers expect in Budget 2023 Original
As we inch closer to the upcoming Budget 2023 and as the finance minister commences her pre-Budget discussion with business experts, various expectations are being expressed by taxpayers. Since there were minimal personal tax sops in Budget 2022, hopes are high for a pocket-friendly Budget in 2023. Some key expectations from Budget 2023 from an individual taxpayer's perspective are as follows:(Tax breaks, jobs or plan to beat China: What will Budget 2023 offer?
Fog & low visibility delay several trains in Delhi, light rains expected
With a severe cold wave gripping the entire north Indian belt, several trains scheduled to depart from New Delhi Railway station were delayed because of dense fog, reports said on Thursday. A generally cloudy sky with light rainfall is expected in the national capital which might bring some respite from the cold wave conditions for a few days, the IMD said. However, Railway sources added that no train diversions were reported, reported ANI.
BYD: A Chinese EV giant's inroad to capture almost half of Indian market despite barriers Original
SECTIONS BYD: A Chinese EV giant's inroad to capture almost half of Indian market despite barriers By , ET OnlineLast Updated: Jan 12, 2023, 10:14 AM IST Synopsis Several Chinese vehicle makers have struggled to set up manufacturing bases due to the government of India's extra screening of investments from the neighbouring country. However, BYD seeks to capture 40% of India’s EV market by 2030.
Apple to finally launch MacBook with a touchscreen? What we know so far
Just days after it was reported that Apple is planning on producing its own in-house display screens for iPhones to cut reliability on third-parties such as Samsung and LG Corp., a new report suggests the tech giant is finally ready to launch Macs with touchscreens. According to a report by Bloomberg's Mark Gurman, Apple is working on making the display screens on MacBook responsive to touch. If the plan of introducing Macs with touchscreens goes through, then this will be a first for Apple.
Union Minister Sonowal and Tripura CM inaugurate School of Logistics, Waterways and Communication
The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, along with Manik Saha, Chief Minister, Tripura inaugurated the School of Logistics, Waterways and Communication. The school will enable the rich pool of talent of the region to become world class experts in the transportation and logistics sector.
US vows to defend space with Japan, deploy mobile Marines as China worries grow
The United States said Wednesday that attacks in space would invoke its defense treaty with Japan and announced the deployment of a more agile Marine unit on its ally's soil as alarm grows over China.
Stock market update: Nifty Auto index advances 0.04% in a weak market Original
Sona BLW Precision Forgings(up 1.7 per cent), TIINDIA(up 1.67 per cent), Bharat Forge(up 1.26 per cent), Samvardhana Motherson International(up 0.71 per cent) and Mahindra & Mahindra(up 0.32 per cent) were among the top gainers. Ashok Leyland(down 1.64 per cent), MRF(down 1.3 per cent), Tata Motors(down 0.61 per cent), Eicher Motors(down 0.58 per cent) and Bajaj Auto(down 0.17 per cent) were the top losers on the index.
Stock market update: Sugar stocks down as market falls
NEW DELHI: Sugar stocks were trading lower on Thursday at 10:09AM Dharani Sugars & Chemicals(up 1.26%), & Industries(up 1.09%), EID Parry(up 0.29%), Vishwaraj Sugar Industries(up 0.28%) and Dwarikesh Sugar Industries(up 0.15%) were among the top gainers.
Australia finalizing new security pact with Pacific neighbor amid China threat
The leaders of Australia and neighboring Papua New Guinea said Thursday they are finalizing a new security treaty - a move that comes as a challenge to China's growing assertiveness in the region. Last year, China signed its own security pact with the nearby Solomon Islands, raising alarm that it could lead to a military buildup in the South Pacific region.
HDFC Mutual Fund launches Long Duration Debt Fund
HDFC Mutual Fund has announced the launch of HDFC Long Duration Debt Fund that will invest in long-dated government securities with roll down strategy. HDFC Long Duration Debt Fund is an open-ended debt scheme that aims to invest in debt instruments such that the Macaulay Duration of the portfolio is greater than 7 years. The NFO opens on January 06 and closes on January 17. The scheme will be managed by Shobhit Mehrotra, Head – Fixed Income, HDFC Asset Management Company.
How systematic withdrawal plan can work for retired people
“In the annuity market, the amount remains fixed and so at the beginning, it might be a decent amount but as the years go by, the value of that money reduces.
Here’s where the jobs are: Why Budget 2023 should focus on the logistics sector
India’s logistics sector has undergone major turmoil in the past three years and in the post-pandemic recovery, it now faces new challenges. One major one now, stakeholders say, is the workforce. The industry is seeing driver shortages for delivery, says Zaiba Sarang, co-founder, iThink Logistics. It caused a lot more trouble during the festive season when the traffic load was really high.
Stocks to buy today: 5 short-term trading ideas by experts for 12 January 2023 Original
SECTIONS Stocks to buy today: 5 short-term trading ideas by experts for 12 January 2023 ETMarkets.comLast Updated: Jan 12, 2023, 09:58 AM IST Synopsis India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume.
G20 summit 'great opportunity' for India to showcase its strengths: Piyush Goyal
The next G20 summit presents a "great opportunity" for India to showcase many of its strengths and provide leadership to several challenges the world is facing, Minister of Commerce and Industry Piyush Goyal has said. Goyal is in the US on an official visit. He co-chaired the India-US Trade Policy Forum meeting with US Trade Representative Katherine Tai on Wednesday. "The G-20 is going to be a very exciting opportunity for India to provide leadership to many of the challenges before the world.
North India headed for severe cold spell this week, mercury to hover between 0 and -4°C in plains
Already in the grip of a severe cold spell, there's more bad news in the offing for North India as vast swathes of the region are likely to experience a drop in temperatures to a minimum of -4 degrees Celsius and a maximum of 2 degrees Celsius in the plains, according to a weather expert. According to a tweet by the weather expert, the icy, severe chill would be experienced between January 14 and 19 and is likely to be at its peak from January 16 to 18.
Buy Siemens., target price Rs 3100 : IIFL
SECTIONS Buy Siemens., target price Rs 3100 : IIFL ETMarkets.comLast Updated: Jan 12, 2023, 09:21 AM IST Synopsis The stock has given a short-term breakout. IANSHINDI with a target price of Rs 3100. The current market price of Siemens is Rs 2939.4. IIFL recommended to keep stop loss at Rs 2810. Siemens, incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 104734.97 Crore) operating in Engineering sector.
India, US 'thinking big', says Goyal, rules out mini trade deal or FTA
The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi. The previous Trump administration has revoked the Generalized System of Preferences (GSP) from India. The GSP allows eligible developing countries to export duty-free goods to the US.
Golden Globe ratings plunge to a new low, 2023 awards ceremony records 6.3 mn viewership
NBC's telecast for the 80th Golden Globes on Tuesday averaged a near-record low of 6.3 million viewers, according to Nielsen, the second-smallest audience for the annual ceremony and only slightly better than the viewership garnered by the Globes press conference held during the 2008 writers' strike.
German-born supermodel Tatjana Patitz, who dominated fashion in 80s & 90s, dies at 56
Tatjana Patitz, one of the original supermodels who dominated fashion in the 1980s and 90s commanding huge payouts for photoshoots, died Wednesday, her agent said. She was 56. The Germany-born Patitz was among a handful of women of the era whose looks and style catapulted them to a global fame that transcended modelling. Corinne Nicolas, founder of The Model CoOp, a Manhattan-based agency told AFP that Patitz died Wednesday morning in California.
Top Russian military officer put in charge of Ukraine action
Russia's top military officer was put in charge of troops fighting in Ukraine on Wednesday, a move that appears to reflect the Kremlin's dissatisfaction with the current leadership and flaws in the military's performance. Russia's Defense Ministry said that Gen. Valery Gerasimov, the chief of the General Staff of the Russian armed forces, was named the new commander of the unified group of forces in Ukraine. The previous commander, Gen.
Prince Harry's memoir 'Spare' opens at a record-setting sales pace, 1.4 mn copies sold on day 1
No, the public has not tired of hearing about Prince Harry. Sales for "Spare" have placed the Duke of Sussex in some rarefied company. Penguin Random House announced Wednesday that first day sales for the Harry's tell-all memoir topped 1.4 million copies, a record pace for non-fiction from a company that also publishes Barack and Michelle Obama, whose "Becoming" needed a week to reach 1.4 million when it was released in 2018.
Covid Cases News LIVE Updates: WHO seeks more COVID-19 data from China, praises U.S. 'transparency'
The WHO reiterated Wednesday the need for China to share more data on its explosive Covid outbreak, while praising Washington's "radical transparency" in its efforts to battle a new subvariant. The World Health Organization has repeatedly voiced concern that China's official statistics are not showing the true impact of its current surge in Covid cases. "WHO still believes that deaths are heavily underreported from China," its emergencies director Michael Ryan told reporters.
No evidence new user data leaks obtained via system bug: Twitter
Twitter Inc said on Wednesday there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company's systems. Twitter said data of 5.4 million accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed over the summer. Another 600 million pieces of user data "could not be correlated with the previously reported incident, nor with any new incident," Twitter said in a blog post.
Vodafone-Idea: Why this mess, 'Any Idea Sirji'?
Business News›News›Morning Brief Podcast›Morning Brief Podcast: Vodafone-Idea: Why this mess, 'Any Idea Sirji'? Morning Brief Podcast (ET Bureau) Arijit Barman | 41:32 Min | January 12, 2023, 8:05 AM IST Vodafone-Idea, one of the biggest telecom networks in India is going through challenging times. From a constant downfall of the network users to zero relief from the government on equity conversion, the so-called 'India's fastest 4G' network is going through a lot.
US stock market: Wall Street ends sharply higher on optimism before key inflation report
U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.
DRI issues show cause notice to Samsung India
The Directorate of Revenue Intelligence (DRI) has issued a show cause notice to Samsung India Electronics (SIEL), asking why the agency should not recover ₹1,728.47 crore as duty along with interest from the subsidiary of South Korea's Samsung Electronics for alleged customs duty evasion. Based on a case registered by DRI, the notice was issued by Nhava Sheva Customs earlier this week.
Ending ties with Russia's Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl
Industry Business News›Industry›Energy›Power›Ending ties with Russia's Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl SECTIONS Ending ties with Russia's Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl ET BureauLast Updated: Jan 12, 2023, 07:20 AM IST Synopsis The deal size was not disclosed in the official statement.
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher
!1 New UpdateClick here for latest updates Quarterly earnings today 19 companies will release earnings for the quarter ended December. Infosys, HCL Technologies, Cyient among the major ones. SGX Nifty signals a positive start Nifty futures on the Singapore Exchange traded 60 points, or 0.33 per cent, higher at 18,010, signaling that Dalal Street was headed for a positive start on Thursday.
NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loans
Industry Business News›Industry›Banking/Finance›Banking›NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loans SECTIONS NARCL gets ₹ 15,300-crore blanket guarantee to tackle bad loans By , ET BureauLast Updated: Jan 12, 2023, 07:08 AM IST Synopsis The approval means commercial banks can now fall back on government guarantees, which will back stop security receipts (SRs) to be issued by the bad loan aggregator while taking over doubtful debt.
SGX Nifty up 60 points; here's what changed for market while you were sleeping
Movement in global markets will continue to decide the trajectory for local shares. But caution will prevail ahead of index major Infosys’ earnings, due after market hours, and the crucial inflation data in the US. Options of the Nifty 50 indicate a narrow trading range of 17800-18100 points for the index.
Stocks in news: Infosys, HCL Tech, Cyient, RIL, HUL, Tata Motors, Route Mobile
The January futures contract of the Nifty 50 on the Singapore Exchange is pointing to a positive start for domestic equities on Tuesday. The contract was trading at 18,000, up 50 points or 0.28% from the previous close. Following are the stocks that will be on investors’ radar: Infosys: The software major will release its December quarter earnings after market hours.
Markets aren't buying Fed's mantra of not cutting rates
SECTIONS Markets aren't buying Fed's mantra of not cutting rates BloombergLast Updated: Jan 12, 2023, 06:41 AM IST Synopsis "The market thinks the Fed is playing without a playbook, since their forecasts have been wrong before and they've downplayed them in the past,"' said Marc Chandler, chief market strategist at Bannockburn Global, who's been working in financial markets since 1986.
Govt may seek deals for India-made chips; Google denied relief on second CCI order Original
Business News›Tech›Newsletters›Morning Dispatch›Govt may seek deals for India-made chips; Google denied relief on second CCI order Explore other editions Want this newsletter delivered to your inbox? I agree to receive newsletters and marketing communications via e-mail Thank you for subscribing to Morning Dispatch We'll soon meet in your inbox.
Good times roll on for banks, PSBs to top private peers on profit growth Original
Mumbai: The last quarter marked the goldilocks moment for Indian banking. On all performance indicators in the world of high finance - asset quality, credit growth, provision and buffers, and credit costs - Indian banks will have set stiff barriers to hurdle in the three months to December. All eyes will, however, be on near-term profitability trends as the rate-tightening cycle nears its peak.
Uzbekistan Cough Syrup Death News Live: WHO recommends not using two cough syrups of Noida-based Marion Biotech in Uzbekistan
Uzbekistan Cough Syrup Death News Live: The World Health Organisation (WHO) has recommended that two cough syrups made by Noida-based company Marion Biotech should not be used for children in Uzbekistan.
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