Mumbai-based top investor Vijay Kedia, known for picking multibaggers at an early stage using SMILE philosophy, has seen 10 out of 15 portfolio stocks more than doubling wealth in the calendar year 2023. On a year-to-date basis, the top gainer in his Rs 1,500-crore portfolio is smallcap civil construction stock Om Infra which has rallied … Read more
Since the summer, there have been rumours that the government is looking to cut inheritance tax. The prospect of an early election has only heightened speculation that this is coming in the March budget. While commentators and pundits argue over the question of whether or not a cut is coming, they miss the more important … Read more
Dinshaw Irani, CIO, Helios MF, says “people have FOMO, the fear of missing out, but the point is that there are so many stocks in the market, and we have seen that consistently around a third of the market does fairly well, and that is like a huge amount of stocks. So we have enough … Read more
UK takeover and tie-up dealmaking shrank by a third this year, hitting its lowest level since 2009, as rising interest rates and concerns over Britain’s economic outlook affected buyers’ appetites. Figures compiled by London Stock Exchange Group’s Deals Intelligence team show that the total value of mergers and acquisitions deals involving UK firms fell by … Read more
Asian Paints Ltd, part of the paint industry, might be down marginally from the July 2023 high but chart pattern suggests that the stock is gaining momentum and should be able to hit fresh record highs in 2024. Short-term traders can look to buy the stock now or on dips for a possible target above … Read more
In this photo illustration, Cheddar News logo is seen on a smartphone and on a pc screen. Sopa Images | Lightrocket | Getty Images Cheddar News-owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. CNBC previously reported … Read more
Mumbai: The chief economic advisor V Anantha Nageswaran does not see the likely jump in oil prices due to global factors, including global slowdown and geo-political conflicts, impacting the domestic economy in a major manner next fiscal. Addressing the SBI-organised economic conclave here on Thursday, he based his optimism on the assumption that cooling off … Read more
More toxic air pollution has been averted by London’s ultra-low emission zones than is produced by the capital’s airports or its river and rail transport combined, according to a new analysis of the effects of the Ulez. The report showed that improvements in air quality between 2019 and 2022 from lowering motor vehicle pollution – … Read more
New Delhi: GST officers have been given more time to issue demand notices for discrepancies in annual returns for 2018-19 and 2019-20 financial years. On Thursday, the government extended the deadline in this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31, 2024. A notification has been issued by … Read more
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest quality issue to affect the manufacturer’s best-selling jetliner. The manufacturer … Read more
