BUSINESS
Vedanta has best dividend yield among large-cap stocks
As per a report by Axis Securities, it is followed by Hindustan Zinc at 25 per cent, Coal India at 10 per cent, ONGC at 8 per cent, and Power Grid and GAIL at 5 per cent.
Musk's SpaceX controls 60% share of global launch biz as it eyes India
This year, the company had already put more than 1,000 satellites in orbit till June, Nikkei Asia reported on Monday. Musk said improved internet connectivity "can be incredibly helpful" in remote villages with poor broadband access.
Fashion e-commerce brand Styched acquires Flatheads
Founded in 2018 by Ganesh Balakrishnan and Utkarsh Biradar, Bengaluru-based Flatheads is specialises in designing all-day wear casual sneakers for the urban audience.
Liquidity surge can keep valuations elevated for an extended period
Investors should remember the fact that from the short term perspective valuations are stretched, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Crypto, blockchain sector saw $2.32 bn investment in Q2, lowest since Q4 2020: Report
According to the crypto investment firm Galaxy Digital, crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of 2022.
Proximus Group to acquire majority stake in Route Mobile
Proximus Group has signed a definitive agreement to acquire through Proximus Opal, a 58 per cent interest in Route Mobile, a global company specialized in CPaaS services, listed on NSE and BSE in India with a market capitalization of EUR 1.1 billion.
Over 13.5 crore Indians escaped poverty between 2015-16 & 2019-21: Niti Aayog report
Rural areas saw the fastest decline in poverty from 32.59 per cent to 19.28 per cent, according to the findings of the report titled "National Multidimensional Poverty Index: A Progress Review 2023", which was released by Suman Bery, vice-chairman of Niti Aayog.
Excesses in UPA era led to current govt inheriting weak economy with several institutions in distress
India has now moved up to the 5th rank in GDP globally compared to 10th in 2014; the per capita income rank, while still lagging at 127th, has improved from 147th in 2014, the report said. Landmark reforms such as GST mark this phase, and inflation control has also been remarkable. This has been led by lower MSP hikes, a lucky break on the crude/commodity price and prudent measures during the Covid-19 pandemic.
PM Modi to inaugurate new terminal building of Port Blair airport tomorrow
The inauguration of the new integrated terminal building, built at a cost of around Rs 710 crore, will play a key role in boosting connectivity of the island union territory. With a total built up area of around 40,800 sqm., the new terminal building will be capable of handling about 50 lakh passengers annually.
SIP which has delivered lower returns in the initial 5 yrs, delivered a better return in 10 yrs
A historical data analysis suggests that in the long term, it hardly matters if the investor invests via Daily, Weekly, or Monthly SIP Frequency.
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