Oppo brings back premium Find X smartphones to global markets
Sat, Nov 23, 2024 8:13 PM

Oppo brings back premium Find X smartphones to global markets

Oppo has brought back its high-end Find X series smartphones to overseas markets in a renewed international push, as Chinese Android handset vendors step up expansion efforts amid cutthroat competition at home. Oppo - the world's fourth-largest handset vendor by shipments last quarter, per research firm IDC - on Thursday held the global launch of its new Find X8 and Find X8 Pro in Bali, Indonesia.

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Board Announces 4:10 Bonus Shares & 10:1 Stock Split: Achyut Healthcare
Sat, Nov 23, 2024 8:10 PM

Board Announces 4:10 Bonus Shares & 10:1 Stock Split: Achyut Healthcare

On Friday, shares of Achyut Healthcare Ltd gained 1.49% to Rs 68 per share from its previous closing of Rs 67. The stock’s 52-week high is Rs 82.50 and its 52-week low is Rs 40.23. The Board of Directors of the Company has approved the following proposals: 📌A tock split in the ratio 10:1. 📌A bonus issue in the ratio of 4:10.

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Emerging-Markets Stocks Have Rarely Been So Hated
Sat, Nov 23, 2024 8:02 PM

Emerging-Markets Stocks Have Rarely Been So Hated

Indian Prime Minister Narendra Modi, whose country has seen huge foreign and domestic investor interest. Emerging markets, led by India, offer opportunities for bold investors, with valuations lower than developed markets, despite the MSCI Emerging Markets Index's poor performance, dragged down by China, with hidden gems like Mexico, South Africa, and Brazil offering promising returns.

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Innovators Facade Systems bags new order from Prestige Mulund Realty
Sat, Nov 23, 2024 8:00 PM

Innovators Facade Systems bags new order from Prestige Mulund Realty

On Friday, shares of Innovators Facade Systems surged 5.29% to Rs 189 per share from its previous close of Rs 179.50. The stock’s 52-week high is Rs 263.70 and its 52-week low is Rs 141.05. In line with this policy, IFSL has secured a substantial order from Prestige Mulund Realty valued at Rs 110 crore (including taxes), is expected to be executed within a 15-month timeframe from the commencement.

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Promoters sold 98,796 shares: Jonjua Overseas
Sat, Nov 23, 2024 8:00 PM

Promoters sold 98,796 shares: Jonjua Overseas

Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The promoters of the company sold 98,796 shares to 22.89 per cent in September 2024 compared to March 2024. The stock is up by 23 per cent from its 52-week low of Rs 9.40 per share with a PE of 9x whereas the industry PE is 40x.

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Best Bank FD Rates: Earn up to 8.25% on fixed deposits
Sat, Nov 23, 2024 7:48 PM

Best Bank FD Rates: Earn up to 8.25% on fixed deposits

Fixed deposits (FDs) offer a reliable, consistent long-term return on investments. YES Bank has revised its fixed deposit interest rates, decreasing the 18-month tenure rate to 7.75% from 8% for deposits under ₹3 crore, with rates ranging from 3.25% to 7.75% for regular citizens and 3.75% to 8.25% for senior citizens, effective November 5, 2024.

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Ayushman Bharat PMJAY for senior citizens aged 70+
Sat, Nov 23, 2024 7:41 PM

Ayushman Bharat PMJAY for senior citizens aged 70+

The Ayushman Bharat health insurance scheme has been extended to senior citizens aged 70 and above, offering free medical treatment up to ₹5 lakhs per family annually. Launched last week by Prime Minister Narendra Modi, the scheme is open to all seniors irrespective of their economic status. This initiative is expected to benefit approximately six crore senior citizens from 4.5 crore families.

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DMRC seeks 7,200 crore in Delhi budget to 'fulfil commitments'
Sat, Nov 23, 2024 7:40 PM

DMRC seeks 7,200 crore in Delhi budget to 'fulfil commitments'

With Delhi govt finalising the revised budget for the 2024-25 financial year, Delhi Metro Rail Corporation has written a letter to the chief secretary seeking Rs 7,200 crore for fulfilling various commitments including timely completion of new corridors under Phase-IV and remaining payment to contractors for Phase-III expansion.

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Saudi Arabia Gets First Moody’s Upgrade On Economic Advance
Sat, Nov 23, 2024 7:38 PM

Saudi Arabia Gets First Moody’s Upgrade On Economic Advance

Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector. The agency moved Saudi Arabia’s rating up a notch, to Aa3 from A1, its fourth-highest grade, according to a statement late Friday.

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Bitcoin Is Doing Something It Has Never Done Before
Sat, Nov 23, 2024 7:33 PM

Bitcoin Is Doing Something It Has Never Done Before

In 2021, the first Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) hit the U.S. market. Following the launch, Morningstar analyst Ben Johnson told investors in no uncertain terms, "These aren't the Bitcoin ETFs you're looking for." That's because the first generation of Bitcoin ETFs buy and sell futures contracts, rather than investing in the cryptocurrency itself.

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Geo-political tension remains a strong tailwind for gold
Sat, Nov 23, 2024 7:31 PM

Geo-political tension remains a strong tailwind for gold

Spot gold traded between $2564 (18/11/2024) and $2716 (22/11/24) in the week ended November 22 as it staged an impressive recovery after a decline of nearly 5% in the week ended November 15. The metal surged on safe haven demand fuelled by concerns over Russia-Ukraine war that intensified following Ukraine firing American ATACMS and the British Storm Shadow long-range missiles inside Russia.

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Block deals worth over Rs 8,228 crore this week
Sat, Nov 23, 2024 7:24 PM

Block deals worth over Rs 8,228 crore this week

While the Nifty ended the week with a 1.6% gain, over Rs 8,228 crore worth of block deals were executed across large, mid, and small-cap stocks, marking significant market activity, which included both buying and selling action. Large-cap block deals. In the large-cap segment, Torrent Pharma led the action, recording block deals worth Rs 3,207 crore.

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BMO Says the S&P 500 Could Hit 6,700 in 2025
Sat, Nov 23, 2024 7:18 PM

BMO Says the S&P 500 Could Hit 6,700 in 2025

The markets are up, and they’re likely to continue going up – that’s the view of BMO Capital’s chief investment strategist Brian Belski, in recent comments on what he describes as a cyclical bull run. The strategist is predicting that the S&P 500 will reach as high as 6,700 next year, which would translate to a gain of ~12.5% from current levels.

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Money market account rates today, November 23, 2024
Sat, Nov 23, 2024 7:13 PM

Money market account rates today, November 23, 2024

Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.

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Kolkata metro's Purple Line to be completed by 2028-29
Sat, Nov 23, 2024 6:43 PM

Kolkata metro's Purple Line to be completed by 2028-29

The entire 14km Purple Line of Kolkata's metro will be completed by 2028-2029, with tunnel-boring machines arriving in December and being injected in March 2025, according to a metro official. The Defence Ministry has approved the shifting of BC Roy Market, paving the way for the Esplanade station's construction.

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