Business

The Indian stock market has seen limited movement over the past six months, with Nifty gaining only 5% and Sensex rising by 4%. However, a few select companies have delivered exceptional returns, rewarding their investors handsomely. In this period, four companies recorded gains of up to 298%, drawing significant attention from foreign portfolio investors (FPIs). Top Performers: BGR Energy Systems Ltd – Leading the pack, BGR Energy, which manufactures machinery for the power and petrochemical sectors, delivered a spectacular 298% return in six months. Its stock price surged from ₹101.88 to ₹406. FPI stake in the company increased from 0.01% in June to 0.10% in September. The stock closed at ₹406, up 0.83% on Friday. Soma Textiles & Industries Ltd – Engaged in the cotton busin...

In today’s era, young professionals are becoming increasingly aware of the importance of savings and investments. Many aim to accumulate a substantial corpus for retirement, ideally reaching ₹1 crore by the age of 40. Financial planner Milind Devgaonkar has shared insights on how this ambitious goal can be realistically achieved. Devgaonkar notes that reaching ₹1 crore by 40 is possible only when investors focus on consistent investing rather than chasing high returns. In a recent LinkedIn post, he explained that building a crore-rupee fund by 40 is not easy for most young adults and requires discipline over the long term. “I often hear from clients in their early 30s that they want to become crorepatis by 40,” Devgaonkar said. He added that many give up on investing long before seei...

In a significant development, China has secured a major contract to print high-denomination currency notes for Nepal. The Nepal Rastra Bank (NRB) has awarded the contract to China Banknote Printing and Minting Corporation (CBPMC) for the design, printing, supply, and delivery of ₹1,000 Nepalese notes. According to officials, the project is valued at approximately $16.985 million (around ₹430 million). The Chinese company was selected based on the lowest bid and has a proven track record, having previously printed Nepalese currency in denominations of ₹5, ₹10, ₹100, and ₹500. Bank authorities confirmed that the letter of intent for this large-scale currency printing initiative was issued on Friday, marking another step in strengthening financial cooperation between Nepal and China....

New Delhi: In today’s social media era, flaunting wealth has become a common trend, with many equating display with true prosperity. However, Chartered Accountant Nitin Kaushik challenges this notion, emphasizing that real wealth goes far beyond the balance in your bank account. True Meaning of Wealth According to Kaushik, real wealth is peace of mind. He shared on X (formerly Twitter) that having ₹50 lakh in your bank account means little if you cannot sleep peacefully at night. True wealth, he says, is what gives you calm and security, not just a number in your account. Purpose of Saving and Investing Kaushik explains that saving, budgeting, and investing are not about greed but about achieving freedom. For him, “Financial freedom = mental freedom.” The ultimate purpose of we...

**New Delhi: After 25 years, the Indian stock market is witnessing a historic shift in investment trends. Domestic Institutional Investors (DIIs) have overtaken Foreign Institutional Investors (FIIs) in market participation, marking a significant turning point in the equity landscape. DII Holdings Hit Record HighAccording to the latest September-quarter data, DII holdings in NSE-listed companies have surged to 18.26%, the highest level ever recorded. In contrast, foreign investors’ holdings have dropped to 16.71%, the lowest in 13 years. The crossover between DIIs and FIIs actually occurred in the March quarter, driven by strong domestic inflows. Why the Shift?Siddharth Bhamre, Research Head at Asit C Mehta Intermediates, explained that the widening gap between FII and DII holdings r...

Mumbai: Mahindra & Mahindra (M&M), led by Anand Mahindra, has sold its entire 3.53% stake in RBL Bank, realizing a total deal value of ₹678 crore. The sale comes nearly two years after M&M had initially invested in the bank, yielding a remarkable 62.5% return on their investment. Strategic InvestmentM&M had purchased its stake in RBL Bank on 26 July 2023, investing ₹417 crore. In a regulatory filing, the company stated:"We wish to inform you that the company has sold its entire stake in RBL Bank today for ₹678 crore, resulting in a 62.5% gain on our investment." Market ReactionFollowing the announcement, M&M shares rose 1.84% to ₹3,647.50 on the BSE at noon on Thursday. RBL Bank shares also responded positively, climbing 1.06% to ₹327.45 during the same period. ...

New Delhi: Adani Power Limited, a flagship company of the Adani Group, is expected to witness a significant uptick in its share price in the coming months. Global brokerage firm Morgan Stanley has projected a potential 17% rise, with the stock possibly reaching ₹185 per share. The firm has maintained its “Overweight” recommendation on Adani Power, citing multiple growth catalysts for the company in upcoming quarters. 1. Coal Remains CrucialCoal continues to play a vital role in India’s energy security, especially in meeting peak evening electricity demand. Adani Power, India’s largest independent power producer (IPP) and the second-largest thermal power developer after NTPC, currently holds an 8% market share in coal-based power generation capacity and output. 2. Rising Market ShareM...