The Insurance Regulatory and Development Authority of India (IRDAI) seems to have bowled a googly and this may have caught some policyholders by surprise. The IRDAI's latest policy update that took effect from April 1 omitted mentioning a key clause that required insurers to offer health covers to policyholders at least till the age of 65 years. Note that this is not a regulatory cap.
Open FlipDeepika Padukone has proven her might both on and off the silver screen. Alongside her stellar acting career, Deepika has shown a keen interest in smart investments. Let's take a glimpse at the top 10 startups she's put her money into: 📌Epigamia, 📌Supertails, 📌Atomberg, 📌Nua, 📌Purplle, 📌Furlenco, 📌Bellatrix Aerospace, 📌Blue Tokai Coffee Roasters, 📌Mokobara, and 📌PlayShifu.
Open FlipThe largest stocks in the China index have been generally fine on earnings and fundamentals,” strategists including Sunil Tirumalai wrote in a Tuesday note. UBS is now even more positive on earnings given early signs of a pickup in consumption, with the possibility of household savings flowing into spending and eventually markets, the note said.
Open FlipTejas Networks reported a consolidated net profit of Rs 146.78 crore in the quarter that ended in March 2024 from a net loss of Rs 11.47 crore in the previous year. The company saw growth in all product segments led by the wireless segment. The telecom equipment company’s revenues gained 343 percent to Rs 1,326.88 crore from Rs 299.32 in the previous year in the results.
Open FlipThe Stoxx Europe 600 index climbed 0.6%, with the technology sector leading the advance. SAP SE jumped almost 5% as a boom in demand for artificial intelligence fueled the German software company’s growth. Drugmaker Novartis AG climbed 4% after lifting full-year guidance. US stock futures were little changed after Wall Street’s announcement.
Open FlipThe broking firm Motilal Oswal has maintained the rating and target price on the stock of Reliance Industries. However, it said that the company might see some pressure in oil to chemicals earnings in the first quarter of FY25 as volume is expected to be muted sequentially. It has a “Buy” rating, with a target price of Rs 3,245 per share.
Open FlipPower Grid Corporation of India Ltd and Hitachi Energy India Ltd are the 2 stock picks by Goldman Sachs in the Power Transmission and Distribution (T&D) space. Power Grid Corporation of India and Hitachi Energy India have seen their share prices gain 62-150% in last one year.The strong power demand in the country has fueled earnings growth driving prospects for most power sector companies.
Open FlipWe have seen in the past one year that the equity markets have given a fabulous return-the large mid and small caps.The Sensex has given a 1-year return of approximately 25%. in FY24 and currently is around 74,000, after touching lifetime highs of ~75,000.There have been people who are being cautious in the current scenario who are advocating that market corrections could be imminent in view.
Open FlipAnand Rathi, IPO report on JNK India Ltd JNK India are in the business of manufacturing the process fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical, and fertilizer industries. They have capabilities in thermal designing, engineering, manufacturing, supplying, installing.
Open FlipShares of Gujarat State Petronet Ltd (GSPL) failed to hold on to early gains and came sharply off their highs in afternoon trade on April 23, extending losses for the second straight session as a tariff cut prompted a series of downgrades. The stock took a beating in the previous session, falling 20 percent after the Petroleum and Natural Gas Regulatory Board (PNGRB) slashed tariffs.
Open FlipBrent crude futures have surged 13.4% this year so far to $87.26 per barrel, propelled by escalating tensions in the Middle East, OPEC supply cuts, attacks on energy infrastructure between Ukraine and Russia, and increased oil demand from major consuming nations, all of which have tightened the market.In March, Brent crude futures surged over 8%, marking the most significant monthly increase.
Open FlipBenchmark Sensex and Nifty indices continued to trade in green on April 23 afternoon, led by gains in realty stocks. The rally helped ease market volatility as India VIX, which measures near-term volatility, fell sharply by 19 percent, last seen in May 2019. Around noon, the Sensex was up 263.09 points or 0.36 percent at 73,911.71, and the Nifty was up 83.80 points or 0.38 percent at 22,420.20.
Open FlipThe capital markets have gotten off to a red-hot start in 2024. The Nasdaq Composite index is up nearly 4% so far this year, while the S&P 500 has gained closer to 5% as of market close on April 17.While a small cohort of megacap-technology companies collectively known as the "Magnificent Seven" have played a big role in the market's upward movements.
Open FlipMarket watchers were beginning to think that nothing could stop the bull market rally, driven by excitement about the possibilities of artificial intelligence (AI). The past couple of weeks has been a stark reminder of the market's tendency for occasional declines before heading higher.For example, after reaching new heights earlier this month, the Nasdaq Composite has fallen about 7%.
Open FlipDavid Einhorn is known for his big bets. It's a strategy that helped make him a billionaire. One of his largest bets right now is Green Brick Partners (NYSE: GRBK). Einhorn's investment company owns more than 11 million shares, representing 29% of his total portfolio.Should you follow Einhorn into one of his biggest bets ever?
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