Author: Supriya Jena

  • HDFC Bank Shares Surge: A ₹3 Lakh Crore Rally

    HDFC Bank Shares Surge: A ₹3 Lakh Crore Rally

    HDFC Bank has been making a big comeback! After facing some jokes and doubts due to a merger with its parent company, HDFC, its shares have soared by ₹3 lakh crore in just six months.

    Once overshadowed by ICICI Bank, HDFC Bank is now outperforming its rival in recent months. Analysts believe that the bank is stronger after the merger and is set for steady growth. In the past six months, HDFC Bank’s stock price has increased by about 19%, making it the best-performing large private bank in India. Its stock even hit a new high of ₹1,880 recently, and its market value reached an impressive ₹14 lakh crore!

    Many experts are optimistic, giving price targets as high as ₹2,550. Out of 40 analysts, none suggest selling the stock, and 28 recommend buying it strongly. For BNP Paribas, HDFC Bank is the top pick in the banking sector, even better than ICICI Bank.

    In the September quarter, foreign investors bought a lot of HDFC Bank shares, increasing their stake by 0.85%. They spent about ₹11,000 crore on the bank. Retail investors, however, seem to have missed out, as they were selling their shares during the same period.

    Recently, there has been more interest in HDFC Bank, especially after its increased index weight due to MSCI’s November changes. This attracted around $1.88 billion from passive investments.

    HDFC Bank expects its loan growth for this year to be slower than the overall market but plans to grow faster in the following years. The bank’s loans are performing well despite some issues faced by smaller banks, making it a safe choice for investors. Market expert Sandip Sabharwal explains that when smaller banks struggle, people flock to quality banks like HDFC Bank.

    Investors are also watching for good news with the upcoming IPO of HDB Financial Services, a subsidiary of HDFC Bank.

    (Disclaimer: The opinions shared by experts are their own and do not represent the views of Niftystat

  • Kaif Critiques Siraj’s Behavior in Australia Test Match”

    Kaif Critiques Siraj’s Behavior in Australia Test Match”

    Former Indian cricketer Mohammad Kaif has criticized bowler Mohammed Siraj for his behavior during the recent pink-ball Test match against Australia at the Adelaide Oval. Kaif said that Siraj misbehaved on two occasions.

    The first incident happened when Siraj threw the ball at Australian player Marnus Labuschagne. Labuschagne backed away because he was distracted by some movement behind the sightscreen. Kaif pointed out that this was not a good example for young players watching the game.

    The second incident involved Siraj giving a rude send-off to Travis Head after he scored a remarkable 140 runs. Even though Siraj got Head out, Kaif felt there was no need for such a reaction since Head performed so well.

    Kaif mentioned that during the game, Siraj had an opportunity to get Head out when he was on 79 runs, but he dropped a tough catch. According to Kaif, catching such difficult balls can change the game’s outcome.

    Kaif acknowledged that Australian fans booing Siraj was understandable since Travis Head is a local player. He believes that fans support their team and that players shouldn’t complain about it.

    In summary, Kaif hopes players like Siraj will think about their actions as role models for the next generation.

  • Tata Motors to Boost Car Prices by Up to 3% Starting January 2025

    Tata Motors to Boost Car Prices by Up to 3% Starting January 2025

    Tata Motors is in the spotlight this Tuesday! The car company just announced that starting January 2025, it will raise the prices of its cars, including electric ones, by up to 3%. This price hike is happening because many car makers are dealing with rising costs.

    Tata Motors said they need to increase prices due to higher expenses for materials and inflation. They explained that rising global commodity prices, high import duties on raw materials, and problems in the supply chain are making it harder for them.

    Famous for their small SUVs like the ‘Nexon’ and ‘Punch’, Tata Motors has already increased car prices twice this year. Many car manufacturers, including Maruti Suzuki, JSW MG Motor, and Hyundai Motor India, also announced they would raise their prices starting in January. Maruti Suzuki plans to add up to 4% to their prices, while JSW MG Motor will increase its prices by 3%. Hyundai will add up to Rs 25,000 to its cars. Even Kia, which sells popular models like Seltos and Sonet, will raise its prices by 2%.

    On Monday, Tata Motors’ shares fell by 2%, closing at Rs 798 on the BSE. However, in the last year, their stock has gone up by 11%, and over the past five years, it has amazed investors with a whopping 352% return!

  • Man Loses 31 kg in 1.5 Years: Inspiring Weight Loss Journey”

    Man Loses 31 kg in 1.5 Years: Inspiring Weight Loss Journey”

    A man shared his weight loss journey on Reddit, and it got a lot of people talking. He said he lost almost 31 kg (about 68 pounds) in one and a half years. What’s interesting is that he still enjoyed junk food on weekends! He wrote, “It took me 1.5 years to get here. I love food and can’t give it up completely. But during the week, I kept my diet strict, eating under 2000 calories and including at least 120g of protein from vegetarian sources.”

    The man shared two pictures: one of him before losing weight and one after his amazing change.

    How Did Everyone React?
    People loved the post and shared their own stories. One person said, “Awesome! I used to weigh 123 kg, and now I’m down to 99 kg. I’m almost there!” Another commented, “Thanks for sharing! I’m 6’0” and aiming for 85 kg. I’ve got about 15 kg to go, and it’s so great when clothes fit again!”

    A different commenter said, “This is so inspiring! I’m looking forward to my transformation. I’ve lost 4 kg but have 41 kg to go!”

    Many wanted to know more about his diet. The original poster replied: “Thank you! I usually have one big meal a day with 200g of paneer (which is 40g of protein) or soy chunks plus veggies or dal. I also take three protein scoops a day without going over my calories. I eat nuts and fruits for healthy fats and fiber.”

    Another guy replied, “I’m on a similar journey and can’t wait to see my results too!”

    This man really inspired others to think about their weight loss goals. What do you think about his achievement?

  • S.M. Krishna, Former Karnataka CM, Passes Away at 92″

    S.M. Krishna, Former Karnataka CM, Passes Away at 92″

    Former Karnataka Chief Minister S.M. Krishna passed away at his home early on Tuesday. He was 92 years old and had been sick for a while. His family mentioned that he died at 2:45 am. His body will likely be taken to Maddur today.

    S.M. Krishna was an important figure in politics and is known for making Bengaluru a major tech hub in India, often called the Silicon Valley of India. He was born on May 1, 1932, in Somanahalli, a place in Karnataka’s Mandya district. Throughout his career, he served as the External Affairs Minister of India and as the Governor of Maharashtra. After many years with the Congress party, he joined the BJP towards the end of his political journey.

  • China’s Stimulus Sparks Asian Market Rally Amid Key US Inflation Data”

    China’s Stimulus Sparks Asian Market Rally Amid Key US Inflation Data”

    Most stocks in Asia went up today because China’s leaders promised to give more help to the economy next year. Shares in Japan and South Korea increased, and the Hang Seng Index is expected to jump by more than 3% when it opens. The price of iron ore went up too, as China is a big buyer of metal.

    The Nasdaq Golden Dragon China Index, which includes major Chinese companies trading in the US, soared by 8.5%, the most since September. In a recent meeting, China’s leaders said they will use a “moderately loose” approach for money matters in 2025, changing their strategy for the first time since 2011. They promised to take stronger actions to boost spending and stabilize the property and stock markets.

    “We are optimistic about spending by families,” said Geoffrey Yu, a strategist at BNY, in an interview. He also noted that China’s 10-year bond yields have fallen, which may encourage leaders to raise expectations for the economy.

    In other news, Chinese companies have started to limit sales of important parts for drones to the US and Europe. This is expected to lead to stricter export rules in the new year.

    Traders will pay close attention to South Korean markets because President Yoon Suk Yeol is not allowed to travel overseas. The Reserve Bank of Australia is likely to keep interest rates the same today, but everyone is watching for hints about what might happen next.

    In the US, the S&P 500 index dropped after hitting almost record highs as traders wait for important inflation data that could affect Federal Reserve decisions. Nvidia Corp. shares fell as China investigates whether the company broke competition laws related to a 2020 deal.

    Key inflation data will be released on Wednesday, giving the Federal Reserve a final look at price changes before their upcoming meeting. If prices surge, it could slow down plans for a rate cut.

    In commodities, gold prices were supported as China’s central bank increased its reserves for the first time in seven months, and worries about the Middle East kept interest in safe investments high. Oil prices remained mostly unchanged as China’s demand might be balanced by troubles in Syria.

  • Australia Beats India: Heated Moments and Travis Head’s Heroics”

    Australia Beats India: Heated Moments and Travis Head’s Heroics”

    India faced a tough defeat against Australia, losing by 10 wickets in the second Test of the Border-Gavaskar Trophy held in Adelaide. It was a day-night match with a pink ball, and Australia showed their strength. Travis Head was named Player of the Match for his fantastic century. He scored 140 runs off just 141 balls, hitting 17 fours and 4 sixes.

    India struggled in their first innings, scoring only 180 runs. After that, Australia scored 337 runs, with Marnus Labuschagne contributing 64 runs. During the match, Siraj bowled a great yorker to get Travis Head out, but instead of celebrating nicely, Siraj tried to show off, which led to an argument between him and Head. Head said something back to Siraj, and they had a heated moment.

    As Head walked off the field after his innings, the crowd cheered for him while booing Siraj. Cricket legend Kris Srikkanth criticized Siraj for his reaction, saying he should give credit to Head for his brilliant performance instead of trying to celebrate his wicket. “Siraj acted like he got Head out for just 10 runs when he actually scored 140. It’s madness!” Srikkanth added.

    In their second innings, India struggled again and got bowled out for 175, setting Australia a tiny target of just 19 runs. Australia chased it down easily, ending at 19 runs without losing a wicket. Both players were seen arguing but later claimed it was just a misunderstanding.

  • Indian Navy Strengthens Power with New Frigate INS Tushil!”

    Indian Navy Strengthens Power with New Frigate INS Tushil!”

    The Indian Navy has just welcomed a powerful new ship called INS Tushil in Kaliningrad, Russia. The event took place on Monday and was attended by Defence Minister Rajnath Singh and the Chief of Naval Staff, Admiral Dinesh K. Tripathi, along with other important officials from India.

    INS Tushil will help strengthen India’s presence in the Indian Ocean, especially as China’s navy has been more active in the area recently. This frigate was built in Russia as part of a big deal worth more than $2.5 billion made in 2016. India is set to receive four modern stealth frigates: two will be made in Russia, and two will be built in India.

    During the event, Singh highlighted that this new warship shows how India’s navy is becoming stronger and illustrates the good relationship between India and Russia. He mentioned that this partnership will encourage both nations to work together in new areas like artificial intelligence, cybersecurity, space exploration, and counter-terrorism.

    An Indian team closely watched the construction process in Russia. INS Tushil weighs 3,900 tonnes, is 125 meters long, and combines advanced technologies from both countries. It has improved stealth features for hiding from enemies and is built with 26% local Indian content, thanks to several major Indian defense companies involved in the project, including BrahMos, Bharat Electronics, and Tata’s Nova Integrated Systems.

    INS Tushil is an upgraded version of the Krivak III class frigate and represents the hard work of hundreds of shipyard employees, along with many engineers from both Russia and India.

  • “Delhi High Court Stays BCI Order Against AAP Leader Sanjeev Nasiar

    “Delhi High Court Stays BCI Order Against AAP Leader Sanjeev Nasiar

    The Delhi High Court has put a stop to the Bar Council of India’s (BCI) order to remove Sanjeev Nasiar, who leads the Aam Aadmi Party’s (AAP) legal team, from his position as vice chairperson of the Bar Council of Delhi. This action came after the BCI raised doubts about his law degree from Devi Ahilya Bai Vishwavidyalaya in Indore and called for an investigation by the Central Bureau of Investigation (CBI).

    Earlier in the day, Nasiar went to the Delhi High Court to fight against the BCI’s decision to kick him out. The BCI also asked the Secretary of the Bar Council of Delhi to start a CBI inquiry into whether Nasiar’s academic credentials were real or if any records were faked.

    In a statement, the BCI explained that a sub-committee found “serious problems” with Nasiar’s degree. They mentioned that a college in Indore, where he supposedly studied, was not allowed to offer a law course during the time he claimed to have done so. The BCI stated that the records they received looked suspicious, with signs that they might have been changed or were written in the same handwriting, which is not normal for documents over many years.

    Nasiar said that he feels the BJP party is using the BCI as a tool against him. During a press conference, he stated, “I am not scared of any action or investigation. I welcome any inquiry by the CBI or any other authority. I will not be intimidated. Every document of mine has already been verified, and the high court has upheld this.”

  • Monday’s Market Highlights: ITI Ltd. and More! Insights Inside!”

    Monday’s Market Highlights: ITI Ltd. and More! Insights Inside!”

    NEW DELHI: On Monday, many stocks were traded a lot on the National Stock Exchange. The top ones included ITI Ltd. (Rs. 3,561.24 crore), HDFC Bank (Rs. 2,521.10 crore), and BSE (Rs. 2,240.78 crore). The Nifty index dropped by 58.8 points to finish at 24,619.0, while the BSE Sensex fell by 200.66 points, ending at 81,508.46.

    Among the companies doing well, Wipro Ltd. saw a rise of 2.16%, and Larsen & Toubro Ltd. went up by 2.09%. Other gainers included SBI Life Insurance (up 1.44%), Tata Steel (up 1.08%), and Bharat Petroleum (up 1.04%).

    However, not all stocks were lucky. Tata Consumer Products dropped by 4.16%, Hindustan Unilever fell by 3.35%, and Tata Motors went down by 2.21%. Other losers included Axis Bank (down 1.80%) and Nestle India (down 1.72%).