Author: Supriya Jena

  • Congress Challenges Election Rule Changes to Protect Voter Trust”

    Congress Challenges Election Rule Changes to Protect Voter Trust”

    On Tuesday, the Congress party took action by asking the Supreme Court to review some new changes made to the rules of elections. They believe these changes are harming the trust people have in elections. The government updated certain rules, which now make it harder for people to see important documents, like video recordings from CCTV cameras or candidate videos.

    Jairam Ramesh, a leader in the Congress party, shared his concerns online, stating that the trust in elections is declining quickly and hopes the Supreme Court will help fix it. He mentioned that the Election Commission, which is responsible for ensuring elections are fair, should not make such important changes without talking to the public. He emphasized that these changes limit people’s access to essential information that keeps elections transparent and accountable. Recently, the Union law ministry, based on suggestions from the Election Commission of India, changed Rule 93(2)(a) of the election rules to restrict public access to some important documents.

  • Congress Demands Amit Shah’s Dismissal Over Ambedkar Controversy”

    Congress Demands Amit Shah’s Dismissal Over Ambedkar Controversy”

    New Delhi [India], December 24 (ANI): Congress leader Jairam Ramesh stated on Tuesday that the best way to resolve the controversy surrounding remarks made about Dr. B.R. Ambedkar by Union Home Minister Amit Shah is for Shah to be removed from his position and apologize to the country.

    During a press conference, Ramesh pointed out that for the last week, the Congress party has been holding ‘Ambedkar Samman’ Week, with more than 100 press conferences taking place across different locations. This is a response to what they believe was an insult to Ambedkar by Shah on December 17. Ramesh mentioned that meetings are currently happening in every district, and they are preparing a document to send to the President.

    According to reports, Amit Shah had said in the Rajya Sabha that if the opposition talked about God instead of Ambedkar, they would be rewarded in heaven for many lives. After this statement, there were protests both inside and outside Parliament. This led to chaos, with two BJP members, Pratap Sarangi and Mukesh Rajput, getting hurt.

    The BJP members were protesting against the Congress, accusing them of insulting Ambedkar. Meanwhile, the INDIA Bloc MPs, including Rahul Gandhi, staged a protest demanding Amit Shah’s resignation for his comments.

    During the protests, both sides claimed that their members were mistreated, and an FIR has been filed against Rahul Gandhi by the Delhi police about the events that transpired

  • Trading Holidays for 2025: What You Need to Know!”

    Trading Holidays for 2025: What You Need to Know!”

    Stock markets, including the equity, derivative, and SLB segments, will be closed on Wednesday, December 25, for Christmas. The multi-commodity exchange will also be closed all day.

    Next year, there will be 14 days when the stock market is closed, which is 2 days fewer than this year, when there were 16 closures. The markets will be closed one day each in February, May, November, and December. In March and August, there will be two lockdown days each, while April and October will each have three days where trading won’t happen.

    The next day the market will be closed is on Wednesday, February 26, in celebration of Mahashivratri.

    Keep in mind that some holidays in 2025 fall on weekends. For instance, Republic Day on January 26, Shri Ram Navami on April 6, and Muharram on July 6 are all Sundays, and Bakri Id on June 7 is on a Saturday.

    It’s important for investors and traders to remember these dates to plan their activities. For a detailed holiday calendar, you can check the official websites of BSE and NSE.

    In today’s trading session, the domestic stock indices showed a positive trend. The Sensex, a major index, rose by 167 points (0.22%) to reach 78,714. The Nifty50 index also climbed up by 53 points (0.22%) to 23,806.50 around noon.

    In terms of sectors, Nifty Auto, FMCG, IT, Pharma, Realty, Healthcare, Consumer Durables, and Oil & Gas were performing well. However, Nifty Bank, Financial Services, Media, and Metal sectors were not doing great.

    (Disclaimer: The suggestions and views expressed by experts are their own and do not reflect the views of NiftyStat.)

  • Calls Grow for Governor Hochul to Resign After Brooklyn Subway Tragedy”

    Calls Grow for Governor Hochul to Resign After Brooklyn Subway Tragedy”

    New York Governor Kathy Hochul is facing calls to resign after a terrible event on a subway. A man named Sebastian Zapeta-Calil, who is in the U.S. illegally from Guatemala, is accused of setting a woman on fire on a Brooklyn subway train. He has been charged with murder and arson.

    People are upset with Hochul because she celebrated improvements in subway safety on the same day this awful incident happened. She posted about how crime was going down and more people were riding the trains, sharing that the National Guard and cameras were making things safer.

    Some politicians are criticizing her. Representative Ritchie Torres shared her post and pointed out that on the same day, two subway riders were stabbed in Queens, and a woman was burned alive. He asked if any governor had ever been so out of touch.

    Elon Musk joined in, saying, “Insane. She should be recalled.” Brooklyn Assemblyman Dov Hikind directly asked Hochul to resign, saying that her job is too much for her. He reminded her that she boasted about subway safety just before the tragedy.

    Hikind said, “You may mean well, but being governor is just not for you. Get out of the way.” Many people online are also calling for her to step down.

  • Sagility India Stock Surges 5% After Positive JPMorgan Report”

    Sagility India Stock Surges 5% After Positive JPMorgan Report”

    Shares of Sagility India jumped by 5% to reach the upper limit of Rs 48.91 on the BSE after JPMorgan, a global investment firm, started covering the stock. They gave it an “Overweight” rating with a target price of Rs 54, meaning they think its value could go up by 16% from its last closing price on Monday.

    JPMorgan praised Sagility for its strong role in the healthcare services market, focusing mainly on necessary expenses. This gives the company steady growth, even when the market is uncertain. They noted that Sagility is set to gain from the increasing trend of outsourcing services in the U.S. healthcare industry. As healthcare providers aim to save money and work better, Sagility’s services are becoming vital, making them a reliable partner.

    According to JPMorgan, Sagility has valuable expertise and strong relationships with clients, which helps them succeed, especially in high-profit areas like data analysis. The report also mentioned Sagility’s solid financial performance, showing that they can stay profitable while growing. Their focus on essential healthcare spending helps them avoid the ups and downs of the market, providing steady income.

    JPMorgan expects Sagility’s profits to grow at an impressive rate of 50% each year from FY24 to FY27, supporting their positive view on the stock. Last week, another firm called Jefferies started covering Sagility too, giving it a “buy” rating with a target price of Rs 52. They emphasized Sagility’s ability to achieve strong revenue growth in the near future.

    In the past month, Sagility’s shares have increased by 74.5%, and they’ve risen 15.7% in just the last two weeks!

    (Disclaimer: The opinions expressed by experts do not reflect the views of Niftystat.)

  • Top Stock Recommendations for 2024: Sagility, ABDL & IndiGo”

    Top Stock Recommendations for 2024: Sagility, ABDL & IndiGo”

    Top brokerage firms are giving fresh recommendations on some stocks that could grow well over the next year. Here’s what they’re saying:

    JPMorgan on Sagility: Great Growth Ahead!
    JPMorgan starts off with a positive rating for Sagility, giving it an “Overweight” status. They’ve set a target price of Rs 54, which is a 17% increase from its current price of Rs 46. Sagility is known for its unique role in the healthcare field and is expected to see strong earnings growth thanks to more healthcare services being outsourced in the US. With high profit margins and steady earnings predicted, Sagility is looking good for the future!

    Mirae Asset Sharekhan Says “Yes” to Allied Blenders
    Mirae Asset Sharekhan continues to support Allied Blenders and Distillers (ABDL), setting a target price of Rs 495, which is a 21% jump from the current price of Rs 406. The company is making yummy premium drinks like gin and vodka, which are getting popular. With improved profit margins and strong sales expected in the future, ABDL appears to be a solid choice for investors.

    Elara Securities Upgrades InterGlobe Aviation: Buy Now!
    Elara Securities thinks it’s a good time to buy InterGlobe Aviation (IndiGo). They raised their rating and set a target price of Rs 5,309, suggesting a 19% rise from the current price of Rs 4,440. Although India’s aviation market faced some slowdowns, it’s poised for a powerful recovery soon with new airports and returning flights. This makes IndiGo a stock to consider!

    Always remember that financial advice can vary, and what experts say might not work for everyone. Always do your homework before investing!

  • Tata Group to Launch $2 Billion IPO for Tata Capital – Shares Jump 8%!”

    Tata Group to Launch $2 Billion IPO for Tata Capital – Shares Jump 8%!”

    Shares in Tata Investment Corporation, a part of the Tata Group, went up by 8% on Tuesday! Why? Because there are reports that Tata Group is planning to bring Tata Capital public with a big $2-billion Initial Public Offering (IPO).

    Tata Group has given its approval to Kotak Investment Banking to start this process after a meeting. They also plan to hire more bankers by January! According to the Reserve Bank of India, Tata Sons and Tata Capital must become publicly listed before September 2025. Tata Sons owns about 93% of Tata Capital.

    In the unlisted market, Tata Capital’s share price has jumped significantly, from Rs 450 last December to Rs 900 now. This puts the company’s value at Rs 3.5 lakh crore, based on 3.74 billion shares by the end of the financial year 2024.

    If everything goes well, this will be the first public offer from Tata since Tata Technologies, which caught a lot of attention from investors. Tata Capital shares are in high demand even in the unlisted market, with prices above Rs 1,100, according to reports.

    Tata Capital is an important financial company in the Tata Group and is part of Tata Sons. It offers various financial services like loans, wealth management, and more.

  • PG Electroplast Partners with Whirlpool: Exciting News on Washing Machines

    PG Electroplast Partners with Whirlpool: Exciting News on Washing Machines

    PG Electroplast, or PGEL, has exciting news! The company has signed an agreement with Whirlpool of India to produce some washing machines with the Whirlpool brand name. This partnership means that PGEL will build these washers at their factory in Roorkee.

    PGEL is already known for making Whirlpool-branded air conditioners, and now they are expanding their work together. Vikas Gupta, PGEL’s Managing Director, expressed his happiness about this partnership. He believes it will help both companies grow and create better products for customers.

    PG Electroplast is a major player in the manufacturing world, providing services for many big electronics and consumer brands in India. They specialize in making items like air conditioners, washing machines, air coolers, and LED TVs.

    The news has had a positive impact on PGEL’s stock price. In fact, PGEL shares have skyrocketed by over 293% in the past year and about 304% this year alone. On Monday, their shares closed at Rs 964.15 on the BSE, reaching a 5% increase

  • Shyam Benegal: Iconic Filmmaker Passes Away, Leaving a Lasting Legacy”

    Shyam Benegal: Iconic Filmmaker Passes Away, Leaving a Lasting Legacy”

    Shyam Benegal, a legendary director of Indian movies, passed away at the age of 90 on Monday. He died at 6:38 PM at Wockhardt Hospital in Mumbai after struggling with kidney disease for several years. His daughter, Pia Benegal, shared that his condition had worsened recently.

    Just nine days earlier, on his 90th birthday, many actors he had worked with came together to celebrate him, making it a special farewell to a man who had given them some of their best roles. He is survived by his wife, Nira Benegal, and his daughter.

    Many people are paying tribute to Mr. Benegal. President Droupadi Murmu and Prime Minister Narendra Modi expressed sadness, saying his unique style of storytelling had changed Indian cinema forever. Political leaders, movie stars, and fans described him as a master of storytelling who inspired many. President Murmu praised his work in creating new types of films and helping many actors shine. He received many awards, including the prestigious Dadasaheb Phalke Award and the Padma Bhushan.

    Filmmaker Shekhar Kapur remembered Benegal as someone who redirected Indian cinema with famous films like “Ankur” and “Manthan.” Actor Manoj Bajpayee said Benegal was a visionary talent who inspired many and redefined storytelling. Similarly, actors like Akshay Kumar and Kajol shared their sorrow and thanked him for his impactful cinema.

    Chiranjeevi, a superstar and politician, expressed his sadness, calling Benegal one of the brightest talents in India. Many leaders from various states also shared their condolences, mourning the loss of this influential filmmaker. His passing leaves a big gap in the art of filmmaking in India, as he inspired countless people.

    Shyam Benegal will be remembered for his amazing contributions to cinema and his ability to touch hearts with his stories. Rest in peace, Shyam Babu.

  • Bharat Forge Invests $64.5 Million in Subsidiary Amid Market Changes

    Bharat Forge Invests $64.5 Million in Subsidiary Amid Market Changes

    Bharat Forge’s shares are likely to be in the spotlight today because the company has announced a big investment of $64.50 million in its subsidiary, Bharat Forge America (BFA).

    According to a company statement, the Investment Committee met on December 23, 2024, and approved this investment. Here’s how they plan to use the money:

    – $19.50 million will stay with BFA.
    – $30 million will go into Bharat Forge Aluminum USA, which is fully owned by BFA.
    – $15 million will be used for Bharat Forge PMT Technologie, another fully owned subsidiary of BFA.

    This funding will help BFA and its subsidiaries pay off some of their existing loans.

    Looking at the stock performance, Bharat Forge shares have gone up by 7.9% over the last year and about 4% in the current calendar year. However, its stock has dropped recently, down 26% in the last 6 months and 18.11% over the past 3 months.

    Currently, Bharat Forge shares are showing a relative strength index (RSI) near 39, which is just above the “oversold” level, indicating that the stock might be a good opportunity. On Monday, the stock closed 1.3% higher at Rs 1,296.40 on the Bombay Stock Exchange.