Gunning for glory: Can defence stocks armour-plate your portfolio?
Since its inception in January 2022, the Nifty India Defence Index has surged nearly 400%, overshadowing gains in other sectors. With India’s significant military size and budget commitments to defence modernization, the defence sector presents a massive opportunity. Defence exports from India reached an all-time high in FY24, boosting investor optimism.
Read more.
At the box office, a dull first half punctuated by small moments of delight
The first half of the year was packed with big Bollywood releases like Fighter, Bade Miyan Chote Miyan and Maidaan. But even these star-studded films couldn’t shake the Indian movie industry out of its slump. Box office collections dropped from last year’s ₹4,868 crore to just ₹3,000-3,500 crore this time around.
Read more.
Forensic auditors at startup doors as edgy investors look to fix issues early
Private investors are increasingly initiating forensic audits earlier in their relationships with portfolio companies, aiming to identify and address potential financial and governance issues preemptively. The shift comes in response to significant financial losses caused by mismanagement at high-profile startups, leading to a more proactive approach to risk management.
Read more.
Mint Primer: AI can make you immortal. What’s the problem?
The rise of digital avatars or ‘deadbots’ that allow us to interact with representations of the deceased is stirring both fascination and ethical debates. Companies like DeepBrain AI, HereAfter AI and Eternime are pioneering services that enable the dead to have a form of digital presence, often inspired by popular media like the film Coco.
Read more.
New to stock markets? Sebi’s certification exam is your first step in investing
The Securities and Exchange Board of India (Sebi), in collaboration with the National Institute of Securities Market, recently launched a free online certification programme for retail investors. The initiative aims to enhance the financial literacy of individuals new to the securities market, equipping them with fundamental knowledge about investment and savings.
Read more.
Here’s a great value proposition
A digital subscription to Mint premium can be yours at just ₹213 per month. Check out the convenient and affordable plans we have
for you here.
177,207
The number of two-wheelers sold by Bajaj Auto in June, up 7% from 166,292 units during the same period last year.
$4 billion
The amount for which Boeing has agreed to buy Spirit AeroSystems in an all-stock deal, a move that could help ease the planemaker’s safety crisis.
111
The number of spice makers whose manufacturing licences were cancelled by India’s top food regulator after samples from some markets were found to have an excess of ethylene oxide.
4.5GW
The power the green energy arm of state-run SJVN will supply to AM Green Ammonia Holdings for its production facility, in one of the world’s largest green energy deals.
₹16.76 crore
The value of the stake American investment bank Morgan Stanley picked up in Stanley Lifestyles, a freshly listed Indian furniture company.
₹7,581 crore
The total value of ₹2,000 denomination banknotes that remain with the public, after the Reserve Bank of India announced their withdrawal on 19 May 2023.
31,033
The number of vehicles India’s largest carmaker Maruti Suzuki exported in June, up 56.97% from 19,770 units in the same month last year.