Zee Entertainment stock hits upper circuits, rallies 25%; makes Rakesh Jhunjhunwala Rs 50 cr richer in 1 week

The merged entity and its management team will benefit greatly from ZEEL’s competence in content production and deep customer connections, Rakesh Jhunjhunwala has earned a mark-to-market profit of Rs 50 crore in eight days on his share purchase of Zee Entertainment Enterprises Ltd. Last week, amid Zee Entertainment Enterprises boardroom tussle, Rakesh Jhunjhunwala’s Rare Enterprises… Continue reading Zee Entertainment stock hits upper circuits, rallies 25%; makes Rakesh Jhunjhunwala Rs 50 cr richer in 1 week

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Bulls push Sensex, Nifty higher for second day straight; here’s what experts make of today’s trade

The overall market momentum was positive with broader markets participating in the up-move after days of underperformance. (Image: REUTERS) Bulls propelled domestic markets higher on Tuesday, helped by positive global cues. S&P BSE Sensex ended the day 403 points or 0.73% higher at 55,958 points while the NSE Nifty zoomed 0.78% to close at 16,624.… Continue reading Bulls push Sensex, Nifty higher for second day straight; here’s what experts make of today’s trade

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Sensex, Nifty close flat after scaling fresh all-time highs; TCS, Infosys, RIL top index gainers

Broader markets, except Nifty Midcap 50, closed with gains. (Image: REUTERS) Domestic equity markets closed flat on Wednesday, down after reaching fresh all-time highs. S&P BSE Sensex scaled a new all-time high of 56,198 but failed to sustain those levels and closed with marginal losses at 55,944. NSE Nifty 50 touched a new high of… Continue reading Sensex, Nifty close flat after scaling fresh all-time highs; TCS, Infosys, RIL top index gainers

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IT, auto, other firms to report robust earnings; what to look for in new-age tech stocks Fidelity INTERVIEW

The fundamental catalyst at this stage for the markets is the economic path beyond the current pandemic. (Image: REUTERS) India’s economic engine seems to have survived the second wave of the covid-19 pandemic. Business balance sheets are strong and rural demand is back, leaving inflation as the primary macro challenge, said Nitin Sharma, Director Research… Continue reading IT, auto, other firms to report robust earnings; what to look for in new-age tech stocks Fidelity INTERVIEW

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Rupee outlook: 5 reasons could trigger a breakout in Re from current consolidation against US Dollar

Rupee By Amit Pabari It is truly said that, “The ultimate resource in economic development is people. It is people, not capital or raw material that develops an economy.” Multiple waves of the coronavirus pandemic are challenging humanity as never before and have stalled an overall economic recovery across the globe. India has been under… Continue reading Rupee outlook: 5 reasons could trigger a breakout in Re from current consolidation against US Dollar

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What Markets Will Look For In August’s Upcoming Inflation Data

SAN FRANCISCO – MAY 19: Gas prices remain relatively high compared to recent years. This is one … [+] factor pushing U.S. inflation higher. (Photo by Justin Sullivan/Getty Images) Getty Images Many policy-makers and the bond market continue to view inflation are a transitory event. That is to say that though inflation is running at… Continue reading What Markets Will Look For In August’s Upcoming Inflation Data

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3 Top Stocks You Can Buy and Hold for the Next Decade The Motley Fool

When it comes to picking stocks to hold for the long term, it’s wise to focus first on the underlying business. To earn your investment, a company should be able to display a strong track record of growth, possess a durable competitive moat, and enjoy tailwinds that can assure investors of its continued prosperity. And… Continue reading 3 Top Stocks You Can Buy and Hold for the Next Decade The Motley Fool

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You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says

The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk… Continue reading You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says

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Senate infrastructure test vote fails as Republicans block debate, push for more details

A procedural vote on a $1 trillion infrastructure plan failed on Wednesday in the Senate, as Republicans sought more time to negotiate on the public-works spending proposal. Senate Majority Leader Chuck Schumer, a New York Democrat, set the test vote in hopes of beginning debate on the legislation, which is still being written. But Republicans,… Continue reading Senate infrastructure test vote fails as Republicans block debate, push for more details

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