PERFORMANCE BASED

Commodity Talk: Gold's 13% H1CY2024 returns robust, but positives priced-in now, says Anuj Gupta

Average returns by gold over the past five years are at 8.43%. Its best six-month performance has been in 2020, the year of Covid lockdowns. That year gold yielded nearly 25% returns. The next highest are in 2024 at 13.26%. In H1 of 2022 and 2023, the returns were 5% and 6%. It has given negative returns of 6.60% in 2021.

ETMarkets Smart Talk: Allocation towards Atmnanirbhar Bharat, infra and digitisation likely in final Budget 2024: Sandeep Raina

The markets are reacting positively in anticipation of a good budget with a focus on infrastructure spending and the reappointment of key ministers has been perceived positively.

Fortifying the Digital Frontiers against Cyberthreats

SoftBank-backed FirstCry, Unicommerce get IPO Nod

SoftBank, Bahl, and Bansal, with an indemnity pact, face losses as FirstCry's online sales dominate, impacting revenue negatively.

Staff associations of mainstream lenders and regional rural banks at loggerheads over merger proposal

The All India Regional Rural Bank Employees Association strongly opposes the merger proposal, citing concerns about the treatment of RRB employees and the lack of tangible benefits from such mergers. They assert that the proposed merger is objectionable and anti-employee, highlighting historical mistreatment by larger banks and the absence of real relief for RRB staff.

Has Joe Biden lost the confidence of his Democratic base after dismal US Presidential Debate performance? Polls reveal shocking data

An exclusive poll has revealed that Joe Biden has apparently lost the support of his core Democratic supporters spread across major US States, who are now voicing their opinion on replacing him as the party's nominee, according to latest reports.

IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%

Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.

'I am absolutely voting for Donald Trump': Undecided voters react to Biden debate performance

Of the 13 "undecideds" who spoke to Reuters, 10 described the 81-year-old Democratic president's performance against Republican candidate Trump collectively as feeble, befuddled, embarrassing and difficult to watch. Gina Gannon, 65, a retiree in the battleground state of Georgia, voted for Trump in 2016 before ditching him for Biden in 2020.

India's GDP calculations set for an upgrade as MOSPI sets up panel to revise base year

The Ministry of Statistics and Programme Implementation (MoSPI) has formed a 26-member committee led by Biswantah Goldar to update the base year for national accounts, aiming to align key economic indices with current economic trends. This includes potentially shifting from the current base year of 2011-12 to 2020-21 for indices like the Wholesale Price Index (WPI), Producer Price Index (PPI), and Consumer Price Index (CPI).

Planning to pick winning portfolios? Past performance is not the only way to go!

Many investors choose mutual funds by sorting them by highest returns and picking the top 2-3. However, selecting top-performing funds based solely on past performance can lead to disappointment. Let's explore why this strategy is flawed.

Sebi for mandatory disclosure of risk-adjusted return by MFs

"... it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.

Want more engagement on Instagram? Follow CEO Adam Mosseri's expert advice

Instagram Head Adam Mosseri shared valuable tips to help users boost their engagement on the platform. He emphasized the importance of monitoring post performance beyond the first few hours, engaging with comments for up to a week, and focusing on shares as a key metric of success. Mosseri also highlighted that carousels offer multiple opportunities for visibility and stressed that engagement rate is more important than follower count.

Aditya Birla Sun Life Mutual Fund launches Crisil Broad Based Gilt ETF

Aditya Birla Sun Life Crisil Broad Based Gilt ETF NFO, managed by Kaustubh Gupta, offers income through gilt securities with moderate risk. Subscription open until July 1, suitable for investors seeking exposure to CRISIL Broad Based Gilt Index.

Budget 2024: Hi-tech thermal plants may get Rs 6,000 cr viability support

Budget 2024: The Union budget for 2024-25 is expected to include a support scheme for setting up 800 MW coal-based power plants using Advanced Ultra Supercritical (AUSC) technology. The finance ministry is evaluating a proposal for ₹6,000 crore viability gap funding (VGF) and a ₹3,500 crore payment security mechanism for electric buses. The project, based on indigenous technology developed by a consortium of Bharat Heavy Electricals Limited, Indira Gandhi Centre for Atomic Research, and NTPC, is expected to cost upwards of ₹15,000 crore at completion.

Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%

While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Government of Meghalaya recognizes best performing young farmers with awards and seed-money

The Department of Agriculture & Farmers’ Welfare in Meghalaya awarded cash prizes to eight Best Performing candidates under the 'Training of Rural Educated Youth for Self-Employment on Farm-Based Activities' (TREYSEFA) program. The Minister for Agriculture, Mazel Ampareen Lyngdoh, commended the candidates and highlighted the importance of supporting farmers. Maqbool Suiam, the Principal of BATC, praised the program and its impact on rural youth.

Public sector banks pin hopes on new Govt for higher PLI for employees

State-run banks are optimistic about a more lucrative performance-linked incentive (PLI) for employees and are advocating for a five-day banking week as a new coalition government takes charge. Bank unions and employee associations seek a review of the current PLI scheme, introduced in 2020, which currently offers up to 15-days salary for growth exceeding 15%. Recent wage settlements have included a 17% salary increase and proposed a five-day week, pending government approval. Banks' cumulative profit exceeded ₹1.4 lakh crore in FY 2024.

CEC lauds role of returning officers, SPs in conducting LS polls

CEC Rajiv Kumar appreciates the exemplary performance and leadership in conducting Lok Sabha polls, creating a huge electoral surplus in the challenged democratic space worldwide.

RBI to come out with norms for securitising stressed loans

RBI is set to release final guidelines for securitisation of stressed assets, potentially initiating a junk bond market in India.

SBI changes gears, links car dealer commissions to their performance

State Bank of India (SBI), the country's largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, aiming to reduce costs and improve profitability. The revised payout structure will be applicable for all sourcing from June 1. Under the existing structure, dealers would earn a flat 2% commission for loan disbursals ranging from ₹50 lakh to ₹15 crore.

Karur Vysya Bank to open 100 new branches in current financial year: MD & CEO

Karur Vysya Bank aims to open 100 new branches this year, with Chairperson Meena Hemchandra inaugurating the 840th branch in Ayodhya. MD and CEO B Ramesh Babu plans to add 100 branches, achieving a record net profit of Rs 1,605 crore, and maintaining a 0.40% NPA as of March 31, 2024.

NCLT admits insolvency resolution application against Indira Container Terminal

According to the company’s website, as the delay in commencing the operations was beyond the limits set by the Reserve Bank of India (RBI), the lenders classified the account as a Non-Performing Asset (NPA). As a result, the lenders halted further disbursals of loans resulting in the construction work coming to a complete standstill.

Sectoral, thematic mutual funds among top gainers in 2024 so far. Should you invest?

PSU theme based gave the highest average return of around 25.56% in 2024 so far, followed by infrastructure funds which offered an average return of 18.14%. Energy and power based funds gave 16.03% average return.