Page 45 - Ortfolio Allocation News Today

The then Union environment minister Jairam Ramesh (UPA regime) had once rightly termed SUVs as ‘socially useless vehicles’ misusing the diesel subsidy for the elite rich capable of purchasing these luxury vehicles.

The latest AMFI Data for December 2023 paints a positive picture of Indias mutual fund industry, especially in equities.

On Monday, 1855 stocks advanced, 2133 declined and 96 remained unchanged, with an advance decline ratio of 0.86 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter, as per media reports.

APL Apollo Tubes reported a muted sales volume of 6.04 lakh tonnes in Q3FY23-24 compared to 6.05 lakh tonnes in Q3FY22-23. The company is currently working on strategy of de-commoditisation of its business by improving its value-added products (VAP) sales mix to 70%.

Holding chartered accountant (CA) Pawan Jain guilty of professional misconduct and issuing reports to Quess Corp Ltd under the Income Tax (I-T) Act without exercising due diligence and obtaining sufficient information, the national financial reporting authority (NFRA) imposed a penalty of Rs50 lakh on the CA.

The market concluded the week on a muted note, mirroring global trends influenced by a rise in the US 10-year yield. The upcoming US payroll data is poised to impact expectations regarding the Federal Reserves policy, contributing to cautious investor sentiment. Simultaneously, global attention is focused on eurozone inflation data, adding to the overall market uncertainty.

In a major relief for the National Stock Exchange (NSE), the Securities Appellate Tribunal (SAT) has allowed the Exchange to release Rs6,085 crore from the escrow account which the Exchange earned by providing co-location facility.

“When I grow up, I won’t have children,” said my six-year-old granddaughter. “They are too much work.”

Even as increasingly affluent Indians desperately hunt for holiday destinations, Lavasa City, India’s first planned, private hill station lies in a shambles. Nestling in the majestic Western Ghats and styled on the lines of the Italian town of Portofino, the township is spread across 12,500 acres.