rediffGURU Ramalingam Kalirajan answers your personal finance queries.
On Tuesday, Apple chief executive officer Tim Cook and his team launched the Apple Watch Ultra 2. According to a report by US-based tech portal TechCrunch, the Ultra 2's design looks quite similar to that of the first-generation Apple Watch Ultra, which means the most significant upgrade is on the inside. Like the new Series 9, the Ultra 2 will be powered by Apple's S9 SiP, which has 5.6 billion transistors and a four-core neural engine as well as a U2 ultra wideband location chip.
'It is difficult to put a number right now as the value of dollar to rupee has also changed from the exchange rate last time. But don't be surprised if digital rights earns way more than TV.'
India's leading capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined orderbook surging past Rs 8 trillion in value. As on September 30, 2023, 13 of India's top 15 listed capital goods and engineering firms, for which data for the September 2023 quarter was available, had a total orderbook worth Rs 8.45 trillion - a number unseen at least since 2018-19. "This intuitively looks like an all-time high factoring in inflation," said Anupama Arora, a senior independent analyst who tracks the capital goods sector.
Dream 11 all set to replace BYJUs as Indian team's principal jersey sponsor
FIDE acknowledged that this issue concerning transgender players presents an evolving challenge within the realm of chess and affirmed that further policy adjustments may be warranted in the future, contingent upon research findings.
The turn of the Olympic cycle has ushered in a new generation of riders plotting to overthrow track queen Anna Meares, but the seasoned Australian is confident of being in top gear to defend her sprint title at the Rio de Janeiro Games.
The migrant workers were walking along the rail tracks apparently to escape the attention of police. A video clip from the scene of the tragedy shows the bodies of migrant workers lying on the tracks and nearby with their meagre personal belongings scattered around.
Yashasvi Jaiswal presented a heady cocktail of patience and flair on debut but India's expected series win over West Indies will not serve as an accurate parameter.
In shooting, India have added Manisha Keer, Preeti Rajak and Angad Vir Singh Bajwa, while in athletics, Amlan Borgohain, Preeti and Prachi have been added to the squad.
'Techfest', an annual science and technology event organised by the Indian Institute of Technology Bombay in Mumbai.
Modi said that for nearly one and a half years he has been putting in place details of new schemes to give new pace to the country's development and curb poverty.
Mark Cavendish has pulled out of the Tour de France before the 15th stage to Prato Nevoso, his Team Columbia said.
Indians win 2 gold, 1 silver, 2 bronze at Asian Indoor Games
CRAs are getting more business than they were getting a year ago. This could indicate expectations that investment demand will rise in the mid-term, says Devangshu Datta.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
CLSA has downgraded select real estate stocks and expects most counters from this sector to consolidate in the months ahead after the sharp run seen in them in the last few months. Most positive factors in terms of a pick-up in housing demand and office space absorption, it said, are already priced in. "We expect housing industry demand to grow around 12 per cent in 2024 and for large developers to outpace industry to grow at 15 - 20 per cent.
'Chinese are going bang, bang, bang building 30-35 reactors.' 'We should announce a programme of 50 new reactors and show that we mean business on the ground and not just announcements.'
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
British Olympic track cycling gold medallists Laura Trott and Jason Kenny are to tie the knot.
Summary of sports events and persons who made news on Friday
'From data on enquiries, we can build what we call a data lake or a data warehouse where data is classified into various cohorts and then we use AI and ML tools to predict demand down the line.'
The legendary Sachin Tendulkar found senior off-spinner Ravichandran Ashwin's exclusion from India's playing XI for the World Test Championship final baffling.
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
Australia captain Pat Cummins doesn't mind staying a bit undercooked going into the high-octane WTC final against India.
We have Shubman Gill at one end ready to carry on the mantle but what about his partner?
The Australian team on paper holds slight advantage on a bouncy track at The Oval but both Ravi Shastri and Ricky Ponting believe that the Indians are better prepared.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
'Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.'
Modi is keen to restart big projects which are stuck for various reasons.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
Australian track cyclist Melissa Hoskins was taken to hospital after crashing in training for the women's team pursuit at the Olympic velodrome on Monday.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
'No human bias is involved as happens in active funds.'
'Once he failed in the Australia series at home, there was very little chance for him but selectors didn't want to change things ahead of WTC final.'
