Investing in beaten-down high-RoE stocks can be rewarding, says the veteran investor

Raamdeo Agarwal, chairman and co-founder, Motilal Oswal Financial Services

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

India Inc salary wage

It's been an eventful six year for Shaktikanta Das as Mint Road's helmsman. Here's a look at some of the significant moves during his watch

Shaktikanta Das, Shaktikanta, RBI Governor

Realty firm Gaurs Group has sold nearly 200 apartments in its new luxury housing projects in Greater Noida for Rs 1,300 crore amid strong consumer demand.
Gaurs Group has launched a luxury residential project 'Legacy by Gaurs', comprising around 250 units, at Jaypee Greens, Greater Noida.
"The first phase of the project has generated Rs 1,300 crore in sales, with nearly 200 apartments sold," the company said in a statement on Saturday.
The project features spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, across four towers, comprising a total of about 250 apartments.
Gaurs Group Director Sarthak Gaur said, "The overwhelming response to 'Legacy by Gaurs' is a true reflection of the trust and confidence homebuyers have in us. For over 30 years, we've focused not only on delivering homes but on creating long-term value for our customers."
He said the group has delivered nearly 50,000 units in the last decade alone.
Gaurs Group will invest about Rs 750 crore to

Affluent buyers are considering buying their second home, driving the demand for such purchases to 41 per cent.

Premium properties, Luxury housing

SpiceJet will hold its annual general meeting for the 2023-24 financial year on December 30.
At the meeting, the airline will seek shareholders' approval for increasing the authorised share capital to infuse fresh share capital, according to a regulatory filing on Saturday.
Approvals will also be sought for the re-appointment of Ajay Singh as a director, appointment of Sonum Gayatri Malhotra as an independent director and for adopting audited financial statements for the 2023-24 fiscal year.
The meeting will be held on December 30.
Currently, the company's authorised share capital is Rs 15,000,000,000.
The filing said in order to facilitate the infusion of fresh share capital in the company, it is necessary to increase the authorised share capital to Rs 20,000,000,000.

With a 100-day TB elimination campaign starting on Saturday, Prime Minister Narendra Modi said India was fighting the disease in a multi-pronged manner with double support for patients, "jan bhagidari", newer drugs, use of technology, and better diagnostic tools.
In a post on X, Modi said, "Our fight against TB just got stronger! Powered by a collective spirit to defeat TB, a special 100-day campaign is starting today with a focus on high-burden TB districts."
India is fighting TB in a multi-pronged manner with doubling support to patients, "jan bhagidari", newer drugs, use of technology, and better diagnostic tools, he added.
"Let us all come together and do our bit to eliminate TB," he said.
In another post, Modi shared Union Health Minister JP Nadda's article on the fight against TB, saying it gave an insightful picture of the steps "we are continuously taking to make India TB-free".
Nadda inaugurated a nationwide campaign in Haryana's Panchkula to reduce TB cases and mortality

Narendra Modi, modi

This success comes as a relief for the industry after theatres in the country were faced with the challenge of few films working well at the box office

Pushpa 2: The Rule

The ongoing crisis in Bangladesh and subsequent non-arrival of travellers from there has led to a blow to the traders of a particular area in central Kolkata, which is popular among tourists from the neighbouring country for shopping and staying.
A section of those perplexed traders are staring at a void, while others are either looking at new avenues or decided to woo back the Indian customers they have lost in the past.
An estimated 15,000 families are now affected by the situation.
According to a trader, in the past, local customers and tourists from other states in India used to visit these areas for various purposes. They were more or less ignored by the traders and their population gradually dwindled over the years.
"Now there is a big question mark. They don't know what to do they don't know in which direction their business will go since they are dependent only on the Bangladeshis," the National Committee Member of Travel Agents Federation of India (East India), Anil Punjab

India Bangladesh

SKMU's Ayyakannu mentioned that recommendations of MS Swaminathan report for farmers' welfare were not considered during Congress regime, and the same issue persists under BJP government

Farmers Protest, Protest, Farmer Protest

Astronomers unveiled the discovery of seven new 'dark comets' that they believe could be the mechanism by which water enters the inner solar system

NASA

The Michelin 2024 Bib Gourmand Award was given to 'Bungalow', a restaurant in New York owned by Indian star chef Vikas Khanna. He posted the information on Instagram

Vikas Khanna

Google introduces its new quantum computing chip Willow. OpenAI releases video generator Sora. Moto g35 5G budget smartphone launched. Reddit Answers AI. Samsung Galaxy S25 Ultra

Tech Wrap December 10

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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