That is why value tends to favour companies whose worth is already visible in their financials, while contra opportunities, as Basu puts it, lie “not only in cheap stocks, but also in high quality, growth businesses, sectors, or themes that are temporarily out of favour.”
8th pay commission: Constituted every 10 years, pay commissions are expected to make decisions that significantly impact salaries of central government employees and pensioners, including railways and defence staff. Following the usual timelines, the 8th pay commission (CPC) is expected to announce its final recommendations 18 months after being formed, by mid-2027. The announcement will…
Dearness Allowance (DA) is a percentage of employees’ and pensioners’ basic salaries that aims to mitigate the impact of rising living costs for central government employees and retired pensioners, providing a buffer against inflationary pressures. Updated biannually using data from the All-India Consumer Price Index (AICPI), new announcements are made in March and October, with…
Questions were raised in the Lok Sabha on whether Foreign Portfolio Investors (FPIs) had received preferential tax treatment. MPs asked if FPIs had been exempted from long-term capital gains (LTCG) tax while domestic and retail investors continued to pay 12.5%, citing concerns over the “worst two-year performance of the Indian equity markets in the world.”…
Jammu and Kashmir Bank reported a 12.6% drop in first quarter net profit at Rs 424 crore against Rs 485 crore in the year-ago period, on account of higher provisions, prompting a near 13% plunge in share price. The fall in net profit was despite a Rs 56 crore gain due to change in accounting…
“With this mandatory extension, you are giving too much power to one set of distribution channel,” said Saurabh Vijayvergia, founder & CEO, CoverSure. “Even though third-party premium is the same across channels, dealers tend to price OD along with a series of add-ons that customers may not be aware of or may not need. They…
Mumbai: Jewellery stocks rallied nearly 19% on Thursday, even as the broader market remained under pressure, after companies reported strong business updates for the April-June quarter despite a challenging backdrop. Shares of Kalyan Jewellers surged up to 18.7% to touch ₹444.55, while Senco Gold and Sky Gold & Diamonds gained 6% each. PC Jeweller rose…