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Source: Live Mint Breakout stocks: Domestic brokerage firm Anand Rathi Investment Services has picked Escorts Kubota Limited as its stock pick of the month for December 2024 with a potential upside of 11.55 per cent. Shares of Escorts Kubota Limited, an agriculture machinery and tractor manufacturer, closed 3.43 per cent higher at ₹3,260.30 in Friday’s…
Source: Live Mint Dividend, bonus, stock split: Redtape Limited is scheduled to trade ex-dividend while KPI Green Energy Ltd, Banco Products India Ltd, and Surya Roshni Ltd, among others, to trade ex-bonus next week, starting on Monday, December 30, according to BSE data. Some of the major companies have announced various corporate actions, including stock…
Source: Live Mint The performance of the Indian stock market in 2024 has been notably positive, with significant gains across major indices. On the benchmark front, both Nifty and Sensex, edged higher for the ninth consecutive calendar year and have surged ~9% so far. This upward trend reflects a broader market rally, with both indices…
Source: Live Mint In 2023, the Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla—proved their worth with substantial gains, dominating market movements. In 2024, their performance has continued to impress, further solidifying their significant influence on the market. Due to their massive market capitalizations, these stocks hold outsized influence on the Nasdaq…
Source: Live Mint The Mumbai-based payments solutions provider, Seshaasai Technologies Limited, filed its draft red herring prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI), on Friday, December 27. The company is a payments solution provider that deals with developing technology to carry out contactless payments, customer communication and smart…
Source: Live Mint The Reserve Bank of India (RBI) recently allowed the users of prepaid payment instruments (PPIs) to access UPI services via third party applications. This is seen as a commendable move which will give a massive boost to the digital payment ecosystem in India. In order to understand this, let us first understand…
Source: Live Mint Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week. Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures…
Source: Live Mint Expert View: The Indian stock market’s performance in 2024 was notably positive, with the domestic equity benchmarks Sensex and Nifty 50 logging gains of nearly nine per cent each. Nifty 50 crossed its milestone from 22,000 to 26,000 in a relatively short period. However, the second half of the year was met…
Source: Live Mint Geoffrey Hinton, the British-Canadian computer scientist widely regarded as the “godfather” of artificial intelligence (AI), has raised alarm bells regarding the potential risks associated with AI development. In a recent interview on BBC Radio 4’s Today programme, Hinton indicated that the likelihood of AI leading to human extinction within the next three…
Source: Live Mint Income Tax (I-T) department released a statement recently saying that the taxpayers must e-verify their return as soon as they can. This is because an income tax return (ITR) is not considered valid unless it has been verified. The tax department’s message pointed out that taxpayers can still e-verify your IT return…
