Author: Shehnaz

Some top auto parts suppliers said the semiconductor shortage, which has severely curtailed automotive production, will begin to subside from January and stabilize by the same time next year. These chips prices have already started to stabilize. Their job is to help install airbags, control entertainment units and power backup cameras. It is expected that, by September 2022, their cost will return to the level of October-November 2020.Vikram Mohan, Managing Director, Pricol, a Coimbatore-based Tier 1 part producer, said, “From January 2021, the problem only got worse. Right now, perhaps, we are at a peak in terms of production constraints…

If you are also planning to buy a house during the festive season, then this is a good opportunity for you. During this period, apart from many banks, housing finance companies have reduced home loan rates. State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), Kotak Mahindra Bank, HDFC Bank and LIC Housing Finance are offering the cheapest home loans. Banks have reduced home loan rates due to increased demand for homes and festive times. These rates are the lowest rates in the last 10 years.LIC Housing Finance reduces home loan ratesLIC Housing Finance has given…

On September 24, ie in today’s trading, the Sensex has managed to close above 60,000 for the first time. In today’s business, there was strong buying in all sectors except auto. With the ease of China’s Evergrande Crisis, people’s willingness to take risks appeared to increase, due to which the market was seen touching new highs.Post-Covid Crisis, the market has seen a recovery since April 2020 and has remained strong with intermittent consolidation and mild corrections. This is a good sign for the market. All the steps taken by RBI and the government to bring the economy back on track.…

The shares of Angel Broking have given strong returns in the last 1 year. Let us tell you that this stock was listed at a discount of 10 percent in the market on October 5, 2020, about 1 year ago. Angel Broking has been included in the list of stocks listed in the market since last October, which comes at number three after Laxmi Organic Industries and Nureca in terms of gains achieved so far.The issue price of Angel Broking’s IPO was Rs 306. After listing in the market, this stock continued to consolidate between Rs 300-360 for about 6…

The India Meteorological Department (IMD) has predicted heavy to very heavy rainfall at isolated places in its forecast released during the day. India’s monsoon picked up pace in September and seasonal rains are likely to remain strong throughout the month, the head of the state’s meteorological office told Reuters news agency as it eased the water deficit in July and August.September 24: Heavy to very heavy rain at isolated places over Uttar Pradesh and at isolated places over Rajasthan, West Madhya Pradesh, Coastal Andhra Pradesh, Konkan & Goa, Telangana, Andaman & Nicobar Islands, Gujarat State and Tamil Nadu, Puducherry &…

According to a report by Nasscom titled “Crypto Industry in India” titan in association with WazirX, the cryptotech industry is expected to reach $241 million in India by 2030 and $2.3 billion by 2026. The report suggests that many global banks have started buying crypto and some in the US, Europe and Asia are building blockchain-based systems for making B2B cryptocurrency payments between their customers.The report sheds light on how the Indian cryptocurrency market has been growing rapidly over the past few years. As more and more young Indian investors are excited to explore new investment options, they are turning…

Sanjeev Bhasin, Director, IIFL Securities has vast experience in the stock markets. Sanjeev Bhasin is associated with the market for the last 32 years. They keep a very close watch on the movements in the markets. Clients of IIFL Securities have been making profits for years from his tips on stocks. Now Sanjeev Bhasin brings to the audience the top Conviction Picks of earnings thrice during the business day on CNBC-Awaaz.Know which earning stock is keeping a close eye on Sanjeev Bhasin during this afternoon-Sanjeev Bhasin giving his opinion on the market CNBC-Awaaz Told that it is justified to recover…

Amazon becomes OTT distributor in India with the launch of “Prime Video Channel”. This platform means that Amazon now has a video content market for Prime members, with content from eight OTT players: Lionsgate Play, Discovery Plus, DocuBay, Eros Now, MUBI, Shorts TV, Hoichoi and Manorama Max. These names now have access to Amazon Prime’s customer base in the OTT space.Amazon believes that a platform for multiple video streamers allows customers not to toggle between apps and manage multiple payment cycles.Speaking to CNBC-TV18, Gaurav Gandhi, Country Manager (India), Amazon Prime Video, said, “What we are building is a market for…

Paras Defense IPO: This issue of the defense sector has been taken up by the investors. The company’s issue was subscribed 304.26 times till the last day. The demand for this IPO can be gauged from the fact that it was fully subscribed within minutes of the issue opening on September 21.The premium for unlisted shares of Paras Defense is running at Rs 250 in the ground market. In such a situation, all eyes are now on its listing. The issue price of the company was Rs 165-175. Accordingly, Paras Defense is trading at Rs 450 (175 + 250) in…

Cupertino-based giant Apple earlier this month launched its new iPhone 13 series worldwide during the company’s “California Streaming” event on September 14. However, about 10 days after the launch, now the sale of iPhone 13 series has started worldwide. iPhone 13 series prices in India start at Rs 69,900 for the smallest iPhone 13 Mini with 128GB of storage, and go up to Rs 1,79,900 for the top-spec iPhone 13 Pro Max.Like every iPhone launch, this price seems a bit high for most Indian smartphone users. However, to make things easier for those who wish to buy an iPhone, Apple…