INTERNATIONAL NEWS
These 13 equity mutual funds lost the most in first six months of 2024
Around 13 equity mutual funds offered negative returns in the first six months of 2024. There were around 583 equity schemes in the market in the said time period, according to the data from ACE MF.
These unlucky 13 equity mutual funds lost upto 20% in the first half of 2024
In the first half of 2024, 13 international equity mutual funds had negative returns. HSBC Brazil Fund lost 19.65%, Mahindra Manulife Asia Pacific REITs FOF 14.27%, Kotak International REIT FOF 8.71%, Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF 8.11%, DSP World Agriculture Fund 4.27%, DSP World Energy Fund 3.42%, DSP World Mining Fund 1.
Buy Andhra Paper, target price Rs 803: Axis Securities
Andhra Paper Ltd., incorporated in the year 1964, is a Small Cap company (having a market cap of Rs 2457.39 Crore) operating in Paper sector
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
ICICI Bank launches Sapphiro Forex Card for students studying abroad
ICICI Bank has launched the Sapphiro Forex Card, designed for students going abroad for higher education. Powered by Visa, the card offers benefits tailored for managing education expenses such as admission fees, course-related costs, and daily expenses like travel and dining. It supports transactions in 15 currencies without cross-currency mark-up charges, facilitating seamless global travel.
Vizhinjam seaport gets its location code
The Vizhinjam International Seaport in Kerala has achieved a significant milestone by receiving its location code, IN NYY 1, from the Indian government on June 21, 2024. Managed by Vizhinjam International Seaport Limited (VISL), this development was highlighted by Kerala's Ports Minister V N Vasavan in the state Assembly. The port's new code marks its readiness to operate as a major transshipment hub, enhancing logistical capabilities and fostering increased trade and economic activity in the region.
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This European nation now allows international students to work part-time for 90 hours per month
International students in Denmark can now work part-time for 90 hours per month. The Danish Immigration Service also allows them to work full-time for 90 hours in June, July, and August. Previously, foreign workers needed to extend their stay before their permits expired, with a maximum stay of 90 days within the last 365 days.
Russia plans to create core of new space station by 2030
Russia aims to establish the core of its new orbital space station by 2030, according to its space agency, Roscosmos. The agency's head, Yuri Borisov, approved the timeline, which includes launching an initial scientific and energy module in 2027 and adding three more modules by 2030, with two additional modules planned between 2031 and 2033. Previously collaborating on the International Space Station (ISS), Russia plans to exit the ISS by 2028 and focus on its own station to address scientific, technological, and national security needs.
Hong Kong, Singapore most expensive cities to live in the world; where do Mumbai & Delhi stand?
According to Mercer's cost-of-living data report, Hong Kong, Singapore, and Zurich are the most expensive cities for international workers in 2024, maintaining their positions from last year. The cities with the lowest living costs are Islamabad, Lagos, and Abuja. Mumbai is the highest-ranked Indian city at 136th, with Delhi moving up to 165th. Other Indian cities listed are Chennai (189), Bengaluru (195), Hyderabad (202), Pune (205), and Kolkata (207).
Buy Kalpataru Projects International, target price Rs 1385: Motilal Oswal
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19098.79 Crore) operating in Power sector.
Hold Kalpataru Projects International, target price Rs 1211: Prabhudas Lilladher
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19238.50 Crore) operating in Power sector.
US eyes India for STEM talent, China for humanities students: US diplomat
Campbell urged for increased Indian students in American universities for technology fields while cautioning restrictions on Chinese students' access to sensitive technology due to U.S.-China scientific cooperation concerns.
Noida Airport faces six-month delay, likely to be completed by next year
The Noida International Airport (NIA) completion has been delayed until at least April 2025, primarily due to slow progress on the terminal building, which faces a shortage of special-grade steel. Initially set to open earlier, this delay impacts the project's timeline significantly. Over 20% of the project remains unfinished, with the terminal's façade and waterproofing still underway. Currently, 9,000 workers are on site, completing the ATC tower and finalizing the runway. The first phase costs Rs 10,056 crore.
UNGA President honours India's Hansa Mehta on International Day for Women in Diplomacy
On the International Day for Women in Diplomacy, UNGA President Dennis Francis honored Hansa Mehta, an Indian feminist leader and diplomat, for her pivotal role in making the Universal Declaration of Human Rights (UDHR) more inclusive. Mehta successfully advocated changing "All men are born free and equal" to "All human beings are born free and equal" in the UDHR's Article 1, a landmark moment for women's rights.
Whistleblowers claim NASA and Boeing knew about the technical faults in the spacecraft carrying Sunita Williams and Butch Wilmore
NASA and Boeing's return voyage from the International Space Station aboard the Starliner aircraft carrying two astronauts, Sunita Williams and Butch Wilmore, has been further delayed as both astronauts are still stranded in space due to technical faults in the Boeing Starliner. Whistleblowers are claiming that managers of this crucial project had first-hand information about the faults much before the space mission.
Ontario Graduate Scholarship: Process, eligibility & other key details
The Ontario Graduate Scholarship (OGS) provides financial assistance to graduate students in Ontario, Canada, based on merit and funded by the Province of Ontario and the University of Toronto. Applicants must have a student study permit visa and plan to enroll in a program in 2024-2025.
Tata Elxsi, Titan among 21 companies in focus this week for dividend, AGM, stock split, bonus issue
Companies like Tata Elxsi, Titan, and JSW Holdings are set to be in the spotlight this week with corporate actions such as dividends, stock splits, and annual general meetings lined up.
Titan, IndusInd Bank among 20 stocks to trade ex-dividend this week. Do you own any?
20 companies, including Nifty companies Titan and IndusInd Bank, have set record dates this week to determine dividend payouts. Shareholders buying stock at least one day before the ex-date are eligible for dividends under the T+1 framework, where ex-date and record date align in most cases.
When will Sunita Williams, Butch Wilmore return to Earth? NASA astronauts on Boeing Starliner have this much time
NASA astronauts Sunita Williams and Butch Wilmore's safe return to the earth is being prayed by everyone around the USA. However, the question remains when will they return!
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
IndiGo shifts international operations to terminal 3 at Lucknow airport
IndiGo has announced that starting today, all international flights at Chaudhary Charan Singh International Airport in Lucknow will operate from the newly constructed terminal 3. The airline has proactively informed passengers through SMS, calls, and emails about this change. IndiGo advises passengers to check their terminal by retrieving their PNR on the airline's website or mobile app to avoid any inconvenience.
Fertiliser stocks jump up to 9% amid hopes of exemption in upcoming GST Council meeting
Fertiliser stocks surged by up to 9% on Wednesday following reports of anticipated relief for the sector through Goods and Services Tax (GST) rate rationalization, expected to be discussed at the GST Council meeting scheduled for June 22, Saturday.
Buy Navin Fluorine International, target price Rs 4135: ICICI Securities
Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17844.94 Crore) operating in Chemicals sector.
ISRO's rocket body re-enters earth's atmosphere, complies with international guidelines
ISRO announced that the cryogenic upper stage of the LVM3 M3/OneWeb India-2 mission has re-entered Earth's atmosphere. The stage, left in a 450 km orbit after launching 36 OneWeb satellites on March 26, 2023, was passivated to minimize risks. It re-entered over the Indian Ocean around 14:55 UTC on June 14.
'Fixer' abuse from the crowd: Pakistan's Mohammad Amir is in the news again
Mohammad Amir's career faced a setback due to his involvement in the spot-fixing scandal in England in 2010. The scandal led to ICC strengthening its policies against such incidents.
IDRC Research Awards: A guide for international students
The IDRC Research Awards offer one-year paid research opportunities to citizens from developing countries pursuing doctoral or master’s degrees at accredited universities. Eligibility requires holding or being enrolled in a graduation program, with no age limit and open to lower-middle-class candidates. The application involves submitting personal and educational details along with supporting documents. Selection criteria include research experience, publications, work experience, and academic merit.
Big movers on D-Street: What should investors do with IDBI Bank, Heritage Foods and KEC International?
On Monday, the benchmark indices Sensex and Nifty closed lower after reaching record high levels earlier in the session, with blue-chip IT stocks experiencing selling pressure.
Adani Group & ICICI Bank launch co-branded credit cards with airport lined benefits
Adani Group and ICICI Bank have joined hands to introduce co-branded credit cards offering airport-linked benefits, aiming to enhance customer experience across various businesses. The Adani One app, launched in December 2022, serves as a digital platform for booking tickets, accessing airport facilities, and more. The cards provide perks like Adani Reward Points on various spends, premium lounge access, free air tickets, discounts on duty-free shopping, and F&B expenses at airports.
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