After a period of largely consistent and robust returns since the Covid pandemic, equities have seen a correction in October. Navneet Munot, MD and CEO of HDFC AMC tells Vivek Kumar M that this is a healthy correction, with unsustainable pockets seeing sharper cuts. He says the period of easy money-making is now likely behind equity investors. Excerpts:
By V K Sharma Though the Nifty ended higher by 0.41% in the muhurat session and closed by 0.51% for the week at 24304, it still continues to be in the woods. Currently, the Nifty is below its 10, 20, 50 and 100 dema. All the hallmarks of a weak market.Also Read US presidential election
Maharashtra Elections Key Seats: Elections to the 288-member Maharashtra assembly is all set to be held in a single phase on November 20 and results will be announced on November 23. Here’s a list of high-profile seats in Maharashtra that will witness a tough electoral contest. Kopri Pachpakhdi Assembly seat Maharashtra Chief Minister and Shiv
The Department of Pension and Pensioners’ Welfare (DoPPW) has released a new guide for pensioners on submitting their annual Life Certificate in 2024. This guide aims to simplify the process, making it easier for pensioners to ensure they continue receiving their pensions without delays. Below are the options available for submitting the Life Certificate, either
Kawasaki has updated the Z900 for 2025, giving the motorcycle a few standard features, while also updating the creamy inline four-cylinder engine. The new Kawasaki Z900 will be available in two versions – Standard and SE – and expect the motorcycle to be launched in India soon. Let’s take a closer look at what’s changed
In a significant move to recognise importance of daughters in government pension schemes, the Department of Pension and Pensioners’ Welfare (DoPPW) has issued a directive stating that the names of daughters must be retained in family records after the retirement of government servants, regardless of their eligibility for family pensions. The memorandum clarifies that a
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would
Jan Suraaj founder Prashant Kishor on Wednesday urged the people of Bihar to end the cycle of voting based on “jaat” (caste) and “bhaat” (free ration), arguing that such behavior has contributed to the state’s continued underdevelopment. Kishor, the political strategist-turned-activist, emphasised his message with a slogan at a rally in Ramgarh, where a by-election
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
Larsen & Toubro chairman SN Subrahmanyan’s comments on a 90-hour working week have sparked outrage with a host of his peers in corporate India criticising the idea of working inordinately long hours. CEOs took to Twitter and television on Friday to express their reservations on the remarks by Subrahmanyan, who has exhorted L&T employees to
With 400 million people in attendance, and manifold eyeballs on it, the Maha Kumbh is gargantuan not only in human presence, but in business opportunity as well. The figure is Rs 2 lakh crore to be precise, put forth by Uttar Pradesh chief minister Yogi Adityanath on Wednesday. This makes the event a pitching ground
Funds raised from the capital markets, including via equity and debt instruments, are expected to rise nearly 21% year-on-year to Rs 14.27 lakh crore in FY25, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Friday. Total capital formation has reached Rs 10.7 lakh crore so far this fiscal, with Rs
Despite missing Street estimates on the revenue and net profit front in its October-December earnings, analysts have viewed the company’s performance with a cautious optimism. The company’s commentary on the revival of discretionary spending and its robust order book are key drivers behind this sentiment. However, analysts remain vigilant about the challenges of total contract
