Returns on life insurance policies to drop as new surrender rules kick in
Policyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-participating policyholders will face a 0.3-0.5% drop in returns, while participating policies will experience decreased bonus payouts over time. These changes align with falling government bond rates.
Adani Airport to raise Rs 1,950 crore via NCDs
The NCDs are rated A+/Stable from both India Ratings and CRISIL Ratings. Axis Bank and Trust Investment Advisors Private are the arrangers for the issue which opens on September 30, 2024, with a tenor of 3 years, 11 months, and 7 days.
Tech view: Nifty closes below 25,900, forms long bear candle. How to trade tomorrow
A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of a bearish reversal candle pattern, similar to a bearish evening star, on the daily chart. This pattern, combined with a gap-down opening, suggests that the short-term uptrend may be over.
Are motown blues over? What to expect for auto in October & beyond? Kumar Rakesh explains
Kumar Rakesh from BNP Paribas predicts weaker auto sales in September due to Pitru Paksha, with a potential rebound in October. The passenger vehicle industry shows low single-digit growth, while the electric two-wheeler market is gradually expanding. Tractor sales are expected to improve, driven by a normal monsoon and rural economy recovery.
Should one still stick to SIP investing in equities? Dhirendra Kumar answers
Dhirendra Kumar, CEO of Value Research, emphasizes the growing role of SIPs and NPS in equity investments. He advises new investors to start with aggressive hybrid funds to handle market volatility. Kumar underscores the importance of asset allocation and rebalancing, particularly after significant market growth post-COVID. Kumar says that most people think SIP is for […]
Icon Facilitators files draft papers with BSE for SME IPO
Icon Facilitators, a leading technical facilities management services provider in North India, has filed for an IPO with BSE SME. The company plans to issue 21 lakh equity shares and use the proceeds for working capital and corporate purposes.
Metal stocks defy sell-off. NMDC, Vedanta rally up to 5%
The China Central Bank Governor Pan Gongsheng, earlier last week had announced plans to lower borrowing costs and inject more liquidity into the economy while also announcing that the reserve requirement ratios (RRR), the percentage of cash banks are required to hold as reserves, was cut by 50 basis points (bps), later in the week.
Reliance Power shares tumble nearly 5% ahead of board meeting
R Power Share Price: Shares of Reliance Power fell by 4.6% ahead of its Board meeting on October 3, breaking an 8-day winning streak. The decline follows the company’s recent approval to issue up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through a preferential allotment. Funds will be used for business […]
Sitting on 12-15% cash; to invest in 2 themes on correction: Sandip Sabharwal
Sandip Sabharwal discusses his investment strategy, highlighting a focus on capital goods, infrastructure, and defense sectors. He plans to deploy cash selectively as stock corrections take place. Sabharwal also shares cautious views on the IT and paint sectors, suggesting that investors wait for clearer signals before making significant moves in these segments.
Rice stocks jump up to 7% as government lifts ban on non-basmati white rice
Shares of Kohinoor Foods jumped 7.4% to its day’s high of Rs 47.45 while the shares of Chaman Lal Setia Exports rose 7% to their new all-time high of Rs 313.95. Meanwhile, LT Foods shares price went up by 4.3% to Rs 412.20 whereas KRBL shares were up by 3.7% to a high of Rs […]