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Chinese bid to revive growth to make a difference; 5 metal stocks that can deliver up to 38% returns
We will conduct caste-based census to know exact number of OBCs in country if voted to power: Rahul Gandhi
Rahul Gandhi, a leader of the Indian National Congress party, stated that if his party comes to power, they would conduct a caste-based census to determine the exact number of Other Backward Classes (OBCs) in India. He also criticized the current government, alleging that the country is being run by a small group of officers and that elected BJP members have no influence over policy-making. Gandhi further highlighted corruption issues in Madhya Pradesh, including the Vyapam scam and farmer suicides.
Sensex jumps 320 points as banks, metals gain amid global recovery
In Q2 FY24, Nifty surged 449 points or 2.3% to 19638, while Sensex advanced 1,110 points or 1.7% to 65,828. In Friday's trade, the market capitalisation of all listed companies on BSE surged by Rs 2.43 lakh crore, while in Q2, it advanced Rs 22.6 lakh crore to Rs 319.08 lakh crore
NSE unique investor base surpasses 8 crore. Delhi-NCR trumps Mumbai region
The recent 1 crore new unique PAN-based investor registrations (first-time registrations by a PAN) are not restricted to top-tier cities and the cities beyond the top 100 accounted for 45% of new investor registrations, the release said.
Siddhartha Khemka’s top 5 picks in metals and realty
Siddhartha Khemka, VP and Head of Research (Retail) at MOFSL, recommends JSW Steel and SAIL in the ferrous space, and Hindalco in the non-ferrous space. He suggests that Vedanta is best avoided due to its high volatility and debt concerns. In the real estate sector, Khemka favors Oberoi Realty and Macrotech Developers, noting strong demand for luxury properties. He also highlights Home First Finance and Canfin Homes as preferred housing finance companies, benefiting from the affordable housing segment and lower interest rates.
Shyam Metalics expects to start commercial production of battery-grade aluminium foil from Q2 next year: Sheetij Agarwal
Shyam Metalics and Energy Limited has entered the energy storage sector by manufacturing battery-grade aluminum foil. The company believes that with the growing lithium-ion production capacity in India from 2024 to 2030, they will be a key supplier of raw materials to these plants. They are currently in the trial phase with upcoming lithium-ion battery companies and expect commercial orders to start flowing in by the first quarter of next year.
Does it make sense to go for separate retirement-based mutual funds? R Sivakumar explains
Retirement-based mutual funds have a bias towards debt rather than equities, making them suitable for individuals closer to retirement. These funds have specific features, such as a minimum holding period, that guide both investors and fund managers in making longer-term investment decisions. The asset allocation of a conservative retirement plan typically has a higher allocation to debt. Investors should consider their asset allocation strategy and consult with financial advisors to create a balanced overall portfolio.
RBI cancels licence of Mumbai-based 'The Kapol Co-operative Bank'
Consequent to the cancellation of the licence, the cooperative bank has been prohibited from conducting the business of 'banking' which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect, the Reserve Bank said in a statement.
Shyam Metalics & Energy Ltd to make aluminum foil for lithium-ion cell manufacturing
Kolkata-based company Shyam Metalics and Energy Limited has announced its entry into the energy storage sector with battery-grade aluminum foil. The company, which already produces and exports aluminum foil for various applications, will now produce high-purity aluminum foil for lithium-ion cells used in electric vehicles and energy storage systems.
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