SECURITY IMPROVEMENT
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
If anyone had any doubt that both indices and broader markets are not in control of bulls, all those doubts were cleared on Friday. For the majority of the day, nifty was trading in red, thanks to the banking stocks and largely the HDFC Bank. But within minutes, Nifty changed its color to green and market breadth, which was already positive, gained momentum. So, while being bullish, stay alert and just make an attempt so that common mistakes of bullish markets are avoided. 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.
Ujjivan Small Finance Bank raises secured business share
Ujjivan Small Finance Bank expanded its secured loan portfolio to 31.5%, a 440 basis point increase over the past year, aiming for 40% in three years. The total loan portfolio grew 19% to ₹30,091 crore. Despite this growth, its gross NPA ratio slightly increased to 2.3%. Deposits rose 22% to ₹32,500 crore.
Japan's main stock indexes at record closing highs as banks, autos and techs rise
Japan's Topix and Nikkei hit record highs, led by gains in automakers, banks, and tech firms like Toyota, Honda, Mitsubishi UFJ, Advantest, and SoftBank. Yugo Tsuboi cited interest rates, a weak yen, and economic improvement. The TSE’s prime market saw 59% of stocks rise, with a positive corporate outlook expected, according to Daiwa Securities.
2024 Budget: Transforming India's agriculture for climate resilience and food security
Budget: The 2024 budget presents a chance to sow the seeds of a transformed agricultural sector - resilient, sustainable, empowered. By embracing innovation, investing in the future and placing the farmer at the heart of the equation, India can cultivate a productive agricultural landscape that supports its people and the world's.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
India passes anti-money laundering review, but FATF calls for improved oversight in non-financial sectors
India's compliance with anti-money laundering rules under FATF scrutiny includes improving supervision in non-financial sectors and facing criticism over counter-terrorism laws, with the country being a member of the FATF alongside major economies like the US, Japan, France, EU, and China.
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Only comprehensive reform can enable UNSC to effectively manage global conflicts: India
India has urged for urgent reforms to the UN Security Council as the United Nations approaches its 80th anniversary next year, emphasizing the need to expand both its permanent and non-permanent categories to manage current global conflicts more effectively. This call was made by Pratik Mathur, Minister in India's Permanent Mission to the UN, during a UN General Assembly debate on the Annual Report of the UN Security Council.
View: Some suggestions for systemic improvements to minimise, or stop, future NEET-NET-type leaks
Recent events have put the National Testing Agency (NTA) under scrutiny due to the leakage of the NEET-UG test paper, impacting admission to medical colleges. With over 2 million students taking the NEET exam annually for around 1 lakh competitive seats, the stakes are high for career-defining opportunities.
Security measures tightened ahead of Amarnath Yatra
With the Amarnath Yatra just a week away, Jammu and Kashmir Lieutenant Governor Manoj Sinha emphasized tightened security measures and improved facilities to ensure a successful pilgrimage. Security officials reviewed arrangements along the Jammu-Srinagar highway, while Sinha highlighted the commencement of 'darshan' for pilgrims on June 29.
PM Modi to inaugurate, lay foundation stone of multiple development projects worth over Rs 1500 cr in J-K today
Prime Minister Narendra Modi will inaugurate and lay the foundation stone for 84 major developmental projects worth over Rs 1500 crore in Jammu and Kashmir. Projects include road infrastructure, water supply schemes, and higher education facilities. He will also launch the JKCIP Project worth Rs 1800 crore to benefit 300,000 households. During the visit, PM Modi will attend the 'Empowering Youth, Transforming J&K' event and distribute appointment letters to 2000 new government employees. Enhanced security measures are in place for the visit.
"If Centre does not intervene, situation will not improve": Atishi on water crisis in Delhi
Atishi, Delhi's Minister, has called on the Centre to address the water crisis in Delhi, urging the BJP to work with Haryana for more water. She expressed concern over a recent pipeline leak and requested police protection for key water lines. Atishi emphasized the need to avoid politics and focus on solutions, warning that without intervention, the situation will worsen. She highlighted a 25% increase in water shortage in South Delhi due to a 6-hour stoppage in water pumping. Atishi's plea comes as the Delhi Jal Board deploys patrol teams to monitor the water distribution network.
EPFO undertakes multiple systemic reforms to enhance ease of doing business; improve ease of living
EPFO rules: At a review meeting, chaired by labour secretary Sumita Dawra, EPFO said the number of auto transfers generated by the retirement fund body has increased threefold from two lakh in April 2024 to six lakh in May 2024 while more than 25 lakh advance claims have been settled on auto mode.
ARCs to see recoveries improve from stressed residential projects
ARC expected to see 5-7% increase in recovery rates of stressed residential projects. Recovery rates to reach 16-18% by March 2025 due to rising prices, demand, and investor interests.
Epicor webinar: Industry experts traverse Cloud ERP tailored for the automotive sector
Vishal Raj Saini, Country Head of Epicor Software India and Indian Subcontinent, discussed 'Implementing Cloud ERP' with industry experts at a panel by The Economic Times and Epicor.
Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
The widely anticipated display of AI to be embedded in the iPhone and other Apple products will be the marquee moment at an event that traditionally previews the next version of software that powers the company's hardware lineup.
'You fought with love, truth and kindness': Priyanka Gandhi pens emotional note for brother Rahul
Congress leader Priyanka Gandhi Vadra penned down an emotional note for brother Rahul Gandhi, after he won both the seats he contested and the party improved its tally in the Lok Sabha elections.
PNC Infratech likely to improve performance on order strength
The company's financial performance in the March 2024 quarter was lower than the Street's estimates. The company's standalone revenue increased by 10.8% year-on-year to Rs 2,342 crore.
Best LED strip lights under 3000 to brighten your space with vibrant glow
Get the best LED strip lights under ₹3000! In today's world, lighting goes beyond mere functionality—it's an art form that sets the mood, defines spaces, and enhances every experience. LED strip lights are at the forefront of this revolution, offering unparalleled versatility, energy efficiency, and affordability. This list takes you on a journey through a curated collection of top-tier LED strip lights under ₹3000, designed to effortlessly elevate any environment.
10 Best LED Strip Lights Under 2500 For Gorgeous Lighting
This article presents the 10 best LED strip lights priced under 2500, highlighting their key features, performance, and value for money. It evaluates each product based on brightness, color options, ease of installation, and additional features like remote control and smart home compatibility. The guide helps consumers make informed decisions by highlighting the best value-for-money options in the market.
Baggage arrival time improves at six airports
The Ministry of Civil Aviation on Tuesday said when the exercise was started on January 14, only 62.2% of the passengers were getting their baggage within IATA-prescribed timelines.
Best LED strip lights under 2000 for vibrant and colorful illumination
Dive into this article featuring an array of LED strip lights under 2000, catering to various needs and preferences. From flexible designs to customizable colors, these budget-friendly options promise to transform your home or workspace with dazzling lighting effects. Whether you're decorating for a special occasion or enhancing everyday ambiance, our curated list ensures you'll find the perfect LED strip lights without breaking the bank.
Improving asset quality, reach to keep Jana SFB on growth path
JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expanding the portfolio of secured loans. At the end of March 2024, its total loan book was worth Rs 24,746 crore.
Best Shovels for Gardening in India for Your Beautiful Garden (2024)
Are you looking for a shovel for your garden? If so, then continue reading this article where we have curated a list of the best shovels for gardening in India. All of these shovels are of great quality and readily available on Amazon. Go through the article, find the one that suits you the best and place your order using the given buying links.
Best Lawn Mowers under 10000 in India for precision trimming
It is time to invest in a premium-quality lawn mower that can trim a wide area of grass in a single move with the help of its sharp blades. Doing so not only results in an evenly organized lawn but also helps to carry out different activities including hosting parties, playing sports, parking vehicles, and much more. Check out today’s article which features a list of the best lawn mowers under 10000 in India.
How to make every rupee count
The international aid squeeze has led to a reduction in official development assistance (ODA) to food systems, creating a financing gap of $350 billion per year. Multilateral development banks (MDBs) and international financial institutions (IFIs) play a crucial role in this context but need to improve impact assessment and reporting. The World Bank has shown leadership with its scorecard, but more needs to be done to quantify the cost of inaction.
UN chief: limited, 'sometimes nil' improvement from Israel action on Gaza aid
The United Nations has long complained of obstacles to getting aid in and distributing it throughout Gaza during the six-month-old war between Israel and the Palestinian militant group Hamas, which rules the enclave of 2.3 million people. "To avert imminent famine, and further preventable deaths from disease, we need a quantum leap in humanitarian aid to Palestinians in Gaza. Food is essential; so are clean water, sanitation, and healthcare," Guterres told the Security Council.
Avaada Energy inks Rs 4,471-cr refinancing pact with NaBFID for four solar projects in Rajasthan
Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to prepay existing loans to multiple lenders. The facility, sanctioned and disbursed as a 20-year rupee term loan, achieves significant commercial improvements over the earlier facilities prepaid, the company said in a statement.
Pankaj Kumar on 3 real estate stocks to buy on dips
Real estate demand in India has been on an uptrend due to structural reforms and improving affordability. The inventory is low, and there is strong demand from real buyers. Recommended stocks are DLF, Macrotech Developers, and Prestige Estates.
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