Forget AGNC Investment, Buy This Magnificent High-Yield Stock Instead
Sun, Apr 21, 2024 12:49 PM

Forget AGNC Investment, Buy This Magnificent High-Yield Stock Instead

AGNC Investment (NASDAQ: AGNC) has a massive 15.7% dividend yield. In comparison, the 6.5% yield on offer from Bank of Nova Scotia (NYSE: BNS) seems tiny. But if you are trying to find a reliable dividend stock, you should probably go with the lower-yield stock here. This is why Bank of Nova Scotia is a better income option than AGNC Investment.

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249 per cent in just 1 year: This multibagger micro-cap company receives
Sun, Apr 21, 2024 12:24 PM

249 per cent in just 1 year: This multibagger micro-cap company receives

The stock gave multibagger returns of 249 per cent in just 1 year. Tara Chand InfraLogistic Solutions Limited has received the appreciation letter from its esteemed client, M/s MG Contractors Private Limited who are executing the entire works for Packages 1B and 1C of the bullet train project under contract with National High Speed Rail Corporation Limited.

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Bombay HC quashes Maharashtra's circular imposing new conditions on BH
Sun, Apr 21, 2024 12:24 PM

Bombay HC quashes Maharashtra's circular imposing new conditions on BH

The Bombay High Court has quashed a circular issued by Maharashtra's transport commissioner imposing certain conditions while deciding on applications for registration of vehicles under the BH series. A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla, in its judgment on April 12, said the circular was issued "without any authority and, hence, flawed and illegal."

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Got stocks? Now what do you do?
Sun, Apr 21, 2024 12:10 PM

Got stocks? Now what do you do?

It was startling this past week to see many of the hottest stocks stagger around and then fall down like drunken sailors in a dodgy street.This is April, after all, and April has been one of the top months for investors since 1950.But stagger stocks did. The Standard & Poor's 500 Index finished below 5,000 for the first time since Feb. 21. The Nasdaq Composite dropped 5.5%.

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THDC India aims to make Rs 12,000-crore coal-based thermal power project
Sun, Apr 21, 2024 12:03 PM

THDC India aims to make Rs 12,000-crore coal-based thermal power project

State-owned THDC India Ltd aims to make its coal-based power plant operational by September 2024, marking an entry into the domestic thermal energy sector, a top company official said. THDC India Ltd (THDCIL) is setting up a 1,320 megawatt (2X660 MW) Super Thermal Power Project (STPP) at Bulandshahr district in Uttar Pradesh (UP), the official said in reply to a query about the company's plans.

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Industry keenly awaiting implementation of 30% UPI market share cap
Sun, Apr 21, 2024 11:54 AM

Industry keenly awaiting implementation of 30% UPI market share cap

With extended deadline for 30 per cent UPI market ceiling by NPCI approaching, industry players are keenly awaiting the implementation and measures to achieve the cap from January 1. The National Payments Corporation of India (NPCI) in December 2022 extended the deadline for third-party UPI players to meet its 30 per cent volume cap in digital payment transactions by two years to end December.

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Companies to declare earnings this week
Sun, Apr 21, 2024 11:53 AM

Companies to declare earnings this week

As the month of April is coming to an end, investors will closely monitor various stock market catalysts during the fourth week of the month. These include ongoing January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic indicators, updates regarding the 2024 general elections, developments related to the Israel-Iran conflict, fluctuations in crude oil prices.

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Top Indian firms lose  ₹1.40 lakh crore in mcap; IT majors TCS, Infosys
Sun, Apr 21, 2024 11:39 AM

Top Indian firms lose ₹1.40 lakh crore in mcap; IT majors TCS, Infosys

As India celebrated Ram Navami, the stock market seemed less in a celebratory mood. In the week cut short by the holiday, six of India's top 10 valued firms were feeling helpless, with an eye-popping 1,40,478.38 crore rupees evaporating from their combined market capitalization. The downturn fell particularly heavily on the shoulders of two tech titans: Tata Consultancy Services (TCS) and Infosys.

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Expect rural sales contribution at record levels this fiscal: Hyundai
Sun, Apr 21, 2024 11:39 AM

Expect rural sales contribution at record levels this fiscal: Hyundai

Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country's second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth in rural areas last fiscal as compared to 4%.

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Q4 earnings, global trends major triggers for markets this week
Sun, Apr 21, 2024 11:34 AM

Q4 earnings, global trends major triggers for markets this week

Worries related to the Iran-Israel conflict, quarterly earnings and foreign investors’ trading activity are the key factors that would dictate stock markets this week, analysts said. Besides, trends in Brent crude oil and movement of the rupee against the dollar will also be crucial factors. This week will be crucial for the market amid ongoing worries about the conflict between Iran.

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FPIs withdraw over Rs 5,200 crore in April so far amid tweaks in tax
Sun, Apr 21, 2024 11:34 AM

FPIs withdraw over Rs 5,200 crore in April so far amid tweaks in tax

Foreign investors dumped domestic equities worth over Rs 5,200 crore in April so far on concerns over tweaks in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made here via the island nation. This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed.

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USFDA pulls up Natco Pharma for manufacturing lapses at Telangana plant
Sun, Apr 21, 2024 11:34 AM

USFDA pulls up Natco Pharma for manufacturing lapses at Telangana plant

Natco Pharma failed to maintain cleanliness, sterilise equipment and utensils at appropriate intervals at its Telangana-based plant, as per the US health regulator. In the warning letter to the company, US Food and Drug Administration said its investigators observed various violations at the finished pharmaceuticals plant located at Kothur Village in Telangana.

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How mutual funds cater to the financial goals of women investors
Sun, Apr 21, 2024 11:33 AM

How mutual funds cater to the financial goals of women investors

Mutual Funds are managed by competent professionals who ensure that the portfolios are designed and managed as per the scheme mandate and extant regulations. India’s economy is growing at a fast pace. Businesses have realised the advantages that women bring to the table by improving organisational productivity and promoting growth. India’s Corporate sector and businesses have made efforts.

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Gold's run on Street remains uninterrupted for 5th straight week
Sun, Apr 21, 2024 11:27 AM

Gold's run on Street remains uninterrupted for 5th straight week

Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel's attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran's military sites, damage was limited. Iranian media downplayed the impact of Israeli strikes.

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Six of top 10 valued firms take Rs 1.40 lakh cr hit in mcap; TCS, Infosys
Sun, Apr 21, 2024 10:57 AM

Six of top 10 valued firms take Rs 1.40 lakh cr hit in mcap; TCS, Infosys

The combined market valuation of six of the top 10 valued firms eroded by Rs 1,40,478.38 crore in a holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the maximum hit. Last week, the BSE benchmark declined 1,156.57 points or 1.55 per cent. Stock markets were closed on Wednesday on account of Ram Navami.

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