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Francis Scott Key Bridge: Historical significance of this engineering marvel of the 1970s

New Delhi: A cargo ship rammed into a significant bridge in Baltimore in the US, causing it to snap in a few places and plunge into the river below. Several vehicles on the bridge fell into the chilly waters, and rescuers searched for the people. Two people have been pulled out from the waters under the Francis Scott Key Bridge, and one of them is in serious condition. The ship seems to have crashed into one of the bridge’s supports. In this article, we learn more about the bridge and its significance. The view of the bridge collapse (Photo credit: Getty Images)

Francis Scott Key Bridge

Before understanding the bridge’s history, let us know its exact location. The bridge, just 47 years old, was 8,636 feet long and spanned the Patapsco River (a river in central Maryland that flows into the Chesapeake Bay).

What is the history of the Francis Scott Key Bridge?

Background The panning of the bridge began in the early 1970s when the traffic started to overflow the Baltimore Harbor Tunnel (through which Interstate 695 crosses the harbour). History The Francis Scott Key Bridge was named after the American lawyer Francis Scott Key, who wrote the lyrics to the national anthem. Construction began in 1972, took five years, and was completed in March 1977. The bridge was considered an engineering marvel, and its construction was regarded as “a major milestone in Maryland’s transportation planning”. As per Preservation Maryland, a nonprofit dedicated to protecting historical sites, the bridge was hailed as “a significant engineering accomplishment”. Historical importance According to the Maryland Transportation Authority, the bridge is believed to have witnessed British ships bombarding Fort McHenry, which became the bridge’s site in September 1814. According to the Maryland Center for History and Culture, this event inspired Francis Scott Key to write the lyrics of the poem “Defense of Fort McHenry”, which was later renamed “The Star-Spangled Banner”. In 1931, the poem officially became the national anthem.

Construction cost

The New York Times reported that when the bridge opened, the construction costs totalled $141 million, roughly $735 million in today’s dollars.

Traffic

Maryland state government reported that in 2023, over 12.4 million passenger and commercial vehicles crossed the bridge. After the collapse, the vehicles are being rerouted. Since its opening, the bridge has undergone renovation several times. This included a $14 million project in 1986 to repair damage, improve safety, and restore the bridge’s appearance.

Toll

The bridge was a toll facility operated by the Maryland Transportation Authority (MDTA), and the rate for cars was $4.00.

What were the characteristics of the bridge?

Design: Steel arch-shaped continuous through truss bridge Material: Steel Total length: 8,636 feet Longest span: 1,200 feet Clearance above: 185 feet Read the full article

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Triumph Launches Trident 660 Triple Tribute Edition Celebrating Racing Heritage

In an ode to a legacy that has left an indelible mark on the racing world, Triumph Motorcycles introduces the New Trident 660 Triple Tribute Edition. This special edition motorbike, available for a limited period, commemorates the brand’s illustrious racing heritage, particularly celebrating the five consecutive wins at the Isle of Man TT from 1971 to 1975 by the legendary ‘Slippery Sam‘. Trident 660 Triple Tribute Edition: Celebrating Triumph’s Racing Excellence The New Trident 660 Triple Tribute Edition isn’t just a motorcycle; it’s a homage to Triumph’s racing prowess. Inspired by ‘Slippery Sam’s triple-engine race-winning machine, this edition features a dynamic ‘white, blue, and red’ graphic scheme, mirroring the modern design with Triumph’s rich history. Triumph’s Trident 660 Triple Tribute Edition Honors ‘Slippery Sam’ Trident 660 Triple Tribute Edition: Unmatched Performance and Design The Trident 660 Triple Tribute Edition isn’t only about looks; it’s built to perform. It comes equipped with Triumph Shift-Assist, a color-matched fly screen, and a belly pan as standard, ensuring that the bike stands out not just for its racing-inspired aesthetics but also for its exceptional quality, performance, and handling. The bike’s design is a testament to the class-leading Trident 660’s minimalistic clean lines, uncluttered design, and exceptional fit and finish. Trident 660 Triple Tribute Edition: Exclusive Equipment Exclusive to this edition, the Triumph Shift Assist ‘Up & Down Quickshifter’ allows for swift and smooth gear changes without clutch engagement, engineered for seamless city riding and exhilarating open-road experiences. Additionally, the inclusion of a color-matched fly screen and belly pan adds a striking statement to this stunning Special Edition. Trident 660 Triple Tribute Edition: The Heart of the Machine At the core of the Trident 660 Triple Tribute Edition is a BS6-compliant 660cc, inline-three cylinder engine that generates a power of 80 bhp and a torque of 64 Nm. The bike is designed with both front and rear disc brakes, accompanied by an anti-locking braking system, weighing 189 kg with a fuel tank capacity of 14 liters. Trident 660 Triple Tribute Edition: Modern Features for the Contemporary Rider The Trident 660’s feature list is comprehensive, with full-LED lighting, a Bluetooth-ready instrument cluster, ride-by-wire throttle, switchable traction control, two riding modes (Road and Rain), and dual-channel ABS. Its hardware consists of a tubular steel perimeter frame, 17-inch cast-aluminium alloy wheels with Michelin Road 5 tyres, upside-down front forks, and a rear monoshock for suspension, alongside 310mm twin discs at the front and a 255mm single disc at the back for braking, both operated by Nissin calipers. The Competition The Triumph Trident 660 faces stiff competition in the Indian market from the likes of Kawasaki Z650 and Honda CB650R, setting the stage for a thrilling showdown of middle-weight roadsters. Pricing and Availability The Trident 660 price for its variant – Trident 660 Standard starts at Rs. 9,65,244 (on-road price in Pune), making it an enticing option for enthusiasts looking for a blend of performance, heritage, and exclusivity. The New Trident 660 Triple Tribute Edition marks a new chapter in Triumph’s storied history, offering Indian motorbike enthusiasts a unique blend of racing heritage and modern performance. This special edition not only pays homage to the legendary ‘Slippery Sam’ but also sets a new benchmark for what riders can expect from the class-leading Trident 660 series. Read the full article

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He Helped Expose Wirecard's Fraud. Now His Startup Tries to Make Whistleblowing Safer

Pav Gill says he suffered retaliation after he raised the alarm about fraud at German payments giant Wirecard. His startup Confide aims to protect future whistleblowers from harm. Read the full article

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How a Small Iowa Newspaper's Website Became an AI-Generated Clickbait Factory

When two former Meta employees dug into why the website of Iowa’s Clayton County Register was spewing dubious posts about stocks, they uncovered a network of sites slinging seemingly AI-made content. Read the full article

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He Helped Expose Wirecard's Fraud. Now His Startup Tries to Make Whistleblowing Safer

Pav Gill says he suffered retaliation after he raised the alarm about fraud at German payments giant Wirecard. His startup Confide aims to protect future whistleblowers from harm. Read the full article

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NEET UG 2024 exam not to be held outside India, says NTA official

New Delhi: The National Eligibility cum Entrance Test Undergraduate (NEET UG 2024) exam will not be held outside India. A senior NTA official told News9 that there will no abroad NEET exam centres this year and the exam cities have been increased to 554. Last year, the NEET UG exam was held in 14 exam centres abroad and 499 exam cities in India. Meanwhile, NEET UG 2024 application process has been started, interested candidates can apply online on the official website- neet.ntaonline.in. NTA has also released syllabus, exam pattern along with the application form.

How to apply for NEET UG 2024

To apply for NEET UG 2024, candidates can apply on the official website- neet.ntaonline.in. Click on NEET application form, enter details and upload documents. Pay NEET UG 2024 registration fee, click on submit. Save the NEET UG 2024 registration form and take a hard copy of it. NEET UG 2024: Steps to apply at neet.ntaonline.in  Visit the official website- neet.ntaonline.in Click on NEET UG 2024 registration process link Enter details in the application form Upload documents, passport size photographs Pay NEET application fee Click on submit Save NEET application form, download and take a hard copy of it. NEET UG 2024 Application Fee The NEET UG 2024 application fee is Rs 1,700 for general/ NRI category candidates, EWS, OBC- Rs 1,600, SC/ ST- Rs 1,000. NEET UG 2024 Eligibility The Class 12 passed or appeared students with physics, chemistry, biology or biotechnology can register for NEET UG exam. NEET UG paper pattern NEET UG exam will consist of 720 marks. Subject-wise, Physics will have 50 questions, Chemistry- 50 questions, Botany- 50 questions, Zoology- 50 questions. For details on NEET UG 2024 exam, the candidates can visit the official website- neet.ntaonline.in. Read the full article

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Rahu Kaal timings (10 February 2024): Mumbai, Pune, Surat, Bengaluru, Delhi, Kolkata, Jaipur, Chandigarh, and other cities

New Delhi: Adhering to astrological principles, each day presents a mixture of favourable and challenging influences stemming from entities such as Rahu, Ketu, Shani, and Yama.

Rahu Kaal

Rahu Kaal intensifies negative effects, highlighting the importance of being cautious during significant activities.

Yamaganda Kalam

Yamaganda Kalam signifies a potential phase of loss, advising against undertaking crucial tasks.

Gulika Kaal

Gulika Kaal might cause delays and obstacles, leading to frustration.

Varjyam Kaal

Varjyam Kaal indicates unfavourable outcomes in areas like work, travel, and financial transactions. Astrology enthusiasts develop strategies to navigate through unfavourable periods. Explore the specific timings for February 10, 2024, in various cities across India. Punjab (Amritsar and Jalandhar): • Rahu – 10:03 AM – 11:23 AM • Yamaganda – 2:05 PM – 3:26 PM • Gulika – 7:21 AM – 8:42 AM • Varjyam – 02:53 AM – 04:17 AM Haryana (Chandigarh and Ambala): • Rahu – 9:54 AM – 11:15 AM • Yamaganda – 1:58 PM – 3:19 PM • Gulika – 7:12 AM – 8:33 AM • Varjyam – 02:53 AM – 04:17 AM Delhi NCR (Delhi-NCR): • Rahu – 9:51 AM – 11:13 AM • Yamaganda – 1:57 PM – 3:18 PM • Gulika – 7:07 AM – 8:29 AM • Varjyam – 02:53 AM – 04:17 AM Uttar Pradesh (Lucknow and Allahabad): • Rahu – 9:35 AM – 10:58 AM • Yamaganda – 1:42 PM – 3:05 PM • Gulika – 6:50 AM – 8:13 AM • Varjyam – 02:53 AM – 04:17 AM Gujarat (Ahmedabad and Surat): • Rahu – 10:04 AM – 11:28 AM • Yamaganda – 2:17 PM – 3:41 PM • Gulika – 7:16 AM – 8:40 AM • Varjyam – 02:53 AM – 04:17 AM Rajasthan (Jaipur and Kota): • Rahu – 9:54 AM – 11:17 AM • Yamaganda – 2:03 PM – 3:26 PM • Gulika – 7:08 AM – 8:31 AM • Varjyam – 02:53 AM – 04:17 AM West Bengal (Kolkata and Howrah): • Rahu – 9:03 AM – 10:27 AM • Yamaganda – 1:14 PM – 2:38 PM • Gulika – 6:15 AM – 7:39 AM • Varjyam – 02:53 AM – 04:17 AM Karnataka (Bengaluru): • Rahu – 9:40 AM – 11:07 AM • Yamaganda – 2:00 PM – 3:26 PM • Gulika – 6:47 AM – 8:14 AM • Varjyam – 02:53 AM – 04:17 AM Maharashtra (Pune): • Rahu – 9:58 AM – 11:23 AM • Yamaganda – 2:13 PM – 3:38 PM • Gulika – 7:08 AM – 8:33 AM • Varjyam – 02:53 AM – 04:17 AM Mumbai and Navi Mumbai: • Rahu – 10:02 AM – 11:27 AM • Yamaganda – 2:17 PM – 3:42 PM • Gulika – 7:13 AM – 8:38 AM • Varjyam – 02:53 AM – 04:17 AM Read the full article

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XRP Price Analysis: Bulls Eyeing 10% Surge as Resistance Nears

XRP has shown signs of a potential upswing, aiming for a 10% surge following a bounce from the $0.578 support. The price is now positioned above $0.620 and the 100 simple moving average (4 hours), setting the stage for a possible uptrend towards key resistances at $0.650 and $0.655. Key Points: XRP Price Chart Analysis Potential Scenarios for XRP Technical Indicators and Risk Factors Conclusion

A bullish scenario may unfold if the price manages to surpass the $0.655 resistance level. This breakthrough could trigger a robust upward move, with significant targets at $0.684, $0.700, and potentially even $0.720. Key Points: - Support Levels: $0.620, $0.606, $0.578 - Resistance Levels: $0.650, $0.655, $0.700 - Technical Indicators: 4-Hour MACD - Bullish Zone, 4-Hour RSI - Above 50 XRP Price Chart Analysis The recent climb from the $0.578 support level propelled XRP above critical resistances like $0.595, $0.600, and $0.630. Notably, it surged over 3%, showcasing a stronger performance compared to Bitcoin and Ethereum. However, facing the $0.650 resistance, XRP is consolidating within a rising channel on the 4-hour chart against the USD. This channel pattern has a resistance zone near $0.650, aligned with the 61.8% Fib retracement level from the swing high of $0.700 to the swing low of $0.578. Potential Scenarios for XRP - Bullish Scenario: A decisive close above $0.655 could trigger a substantial bullish wave. This momentum might drive XRP towards resistances at $0.684, $0.700, and potentially $0.720. - Bearish Scenario: Failure to surpass the $0.650 barrier might lead to a fresh downside correction. Initial support lies at $0.620 and the channel trend line. A breach below $0.606 could accelerate losses towards the critical support at $0.578. Technical Indicators and Risk Factors - MACD: The 4-hour MACD is showing bullish signs, hinting at further upside potential. - RSI: The 4-hour RSI is positioned above the 50 level, indicating positive momentum. Conclusion XRP's current movements suggest a bullish bias with a possible surge towards $0.700, backed by supportive technical indicators. However, a failed attempt to breach $0.650 might lead to a downside correction towards $0.606 and $0.578. Traders are advised to conduct thorough research and consider the associated risks before making investment decisions. Read the full article

#XRP #XRPPriceAnalysis

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Crypto Market Recap 2023: CoinDesk Index Insights in 6 Charts

In the realm of blockchain and crypto, 2023 unveiled a captivating narrative, and what better lens to view this transformative year than through the lens of the CoinDesk Market Index (CMI)? Here's a breakdown of key insights and revelations from the crypto market's dynamic journey in 2023. CoinDesk Market Index (CMI) Outperforms S&P 500 Sector Index Performance: Computing Takes the Lead Token Triumphs: Injective, RenderToken, and Solana Shine Crypto Laggards: Mixed Fortunes for ApeCoin, Luna, DASH, BAL, OMG, ZEC Bitcoin's Dominance and Prominent Performers CoinDesk Smart Contract Platform Index (SMT) Highlights

CoinDesk Market Index (CMI) Outperforms S&P 500 Charting an exhilarating trajectory, the CoinDesk Market Index (CMI) surged by 125%, dwarfing the S&P 500's 23% figure. Notably, Bitcoin (BTC) outpaced Ethereum's ether (ETH) within this robust crypto surge, experiencing a year-to-date return almost five times that of traditional stocks.

Sector Index Performance: Computing Takes the Lead The CoinDesk Computing Index (CPU) emerged as the frontrunner among sector indices, boasting a substantial 167% return in 2023. This index encapsulates projects decentralizing data sharing, storage, and transmission, playing a pivotal role in Web3 infrastructure.

Token Triumphs: Injective, RenderToken, and Solana Shine Tokens from Injective Protocol, Render, and Solana seized the spotlight with staggering returns. Injective's INJ token soared by 32x, while RenderToken (RNDR) and Solana's SOL surged by 972% and 833%, respectively, showcasing remarkable growth in the digital asset space.

Crypto Laggards: Mixed Fortunes for ApeCoin, Luna, DASH, BAL, OMG, ZEC While crypto traders saw monumental gains, some projects faced challenges. Legacy failures like Terra's LUNA and EthereumPOW's ETHW encountered setbacks, while Ethereum Name Service's (ENS) and Zcash's ZEC struggled amid market fluctuations.

Bitcoin's Dominance and Prominent Performers Bitcoin's 164% YTD return reaffirmed its status as a reliable investment choice in the crypto sphere. XRP and XLM tokens from Ripple Labs and Stellar, respectively, recorded commendable climbs, emphasizing their resilience in the market.

CoinDesk Smart Contract Platform Index (SMT) Highlights The SMT index, encompassing significant blockchain infrastructures beyond Bitcoin, portrayed a 107% return, slightly trailing the benchmark CMI. Key players like Ethereum, Avalanche's AVAX, and Skale Network's SKALE token showcased varying performances, shaping the market narrative.

What Lies Ahead for Crypto Markets? Predicting the future of crypto markets remains elusive. The cyclic nature of Bitcoin halvings and ongoing market uncertainties propel anticipation. In 2024, the landscape may shift, yet the unpredictable nature of crypto markets endures, echoing the age-old adage: in finance, no one truly knows what tomorrow holds. Read the full article

#Bitcoin #BlockchainPredictions #CoinDeskMarketIndex #CryptoMarket2023 #Ethereum #MarketVolatility #SectorIndices #TokenPerformance

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Sahara Maritime IPO: Muted Debut at ₹81 on BSE SME, Sees Initial Dip

Sahara Maritime's much-anticipated listing on the BSE SME witnessed a modest beginning, as its share price opened at ₹81, aligning precisely with its issue price. However, shortly after its debut, the stock encountered a slight setback, slipping by over 2% and trading at ₹79.15 apiece on the BSE SME. IPO Listing Details and Performance IPO Insights and Key Figures Utilization of IPO ProceedsStakeholders and IPO Facilitators Sahara Maritime IPO Performance MetricsConclusion: A Cautious Debut Amidst Initial Market Fluctuations

IPO Listing Details and Performance The Sahara Maritime IPO, open for subscription from December 18 to December 20, received significant investor attention. The company, specializing in logistics, transport management, and freight-related services, garnered immense interest during its IPO phase. IPO Insights and Key Figures - Issue Price: ₹81 - Lot Size: 1,600 shares - IPO Response: The IPO witnessed robust demand, being oversubscribed over 13 times. - Offer Details: The IPO amounted to ₹6.88 crore, solely comprising a fresh issue of 849,600 equity shares without any offer for sale (OFS) component. Utilization of IPO Proceeds The net proceeds from Sahara Maritime's IPO are earmarked for several pivotal purposes, including general corporate activities, office equipment, working capital, and funding the procurement of commercial vehicles. Stakeholders and IPO Facilitators Nadeem Aboobakar Hira and Sohrab Rustom Sayed stand as the promoters of Sahara Maritime. The IPO saw Bigshare Services Pvt Ltd acting as the registrar, while Swaraj Shares and Securities Private Limited took charge as the book running lead manager. Shreni Shares played the role of the market maker for the IPO. Sahara Maritime IPO Performance Metrics The grey market premium (GMP) for Sahara Maritime on the day of its debut stood at ₹0, indicating that shares traded at their issue price of ₹81 without any premium or discount in the grey market. Conclusion: A Cautious Debut Amidst Initial Market Fluctuations Sahara Maritime's listing on the BSE SME platform started on par with its issue price but faced a mild downturn shortly after. The company's utilization of IPO funds and subsequent market movements will be closely monitored to gauge investor sentiment and stock trajectory. Read the full article

#BSESMEDebut #GreyMarketPremium #IPOListing #IPOSubscription #LogisticsServices #MarketPerformance #SaharaMaritimeIPO

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Suraj Estate Developers' IPO Debut: Shares Open at 4.5% Discount, Trading Lower

Suraj Estate Developers, a leading residential real estate developer in South Central Mumbai, witnessed its stock debuting at a 4.5% discount on December 26 following its Initial Public Offering (IPO). The IPO, valued at Rs 400 crore, garnered substantial attention from investors, oversubscribed by an impressive 15.65 times, with a demand for 12.88 crore shares against an offer size of 82.35 lakh shares. IPO Performance and Market Debut Financial Performance and Utilization of ProceedsInvestor Interest and Subscription Details Suraj Estate Developers: Market Presence and Operations Conclusion: An IPO Debut Under Scrutiny

IPO Performance and Market Debut The company's stock debuted at Rs 343.80 on the BSE, marking a 4.5% lower opening from its issue price of Rs 360 per share. Subsequently, the stock faced a downward trend, trading at Rs 335, indicating a 7% decline from its IPO price. Financial Performance and Utilization of Proceeds Owned by Rajan Meenathakonil Thomas and family, Suraj Estate Developers recorded notable financial growth, with a 21% year-on-year increase in net profit, amounting to Rs 32.06 crore for the fiscal year ending March FY23. The company reported a revenue of Rs 305.7 crore for the same period. The IPO proceeds, earmarked at Rs 400 crore, are designated for specific purposes. Notably, Rs 285 crore will be allocated to debt repayment, while Rs 35 crore is earmarked for land acquisition or land development rights in the Mumbai Metropolitan Region. The remainder will be allocated for general corporate purposes. Investor Interest and Subscription Details Qualified institutional buyers (QIBs) exhibited significant interest, bidding 24.31 times the reserved portion. Retail investors subscribed 9.30 times their allotted quota, while high net-worth individuals (HNIs) showed interest by subscribing 18.9 times their assigned portion. Suraj Estate Developers: Market Presence and Operations Specializing in residential and commercial projects in South Central Mumbai, Suraj Estate Developers relies entirely on third-party contractors for project construction, distinguishing itself within the industry. Conclusion: An IPO Debut Under Scrutiny Despite an enthusiastic response during its IPO phase, Suraj Estate Developers' stock debuted at a discount, reflecting market fluctuations and initial investor sentiment. The company's financial performance and strategic utilization of IPO proceeds will be closely monitored in the upcoming market movements. Read the full article

#FinancialPerformance #InvestorSentiment #IPODebut #IPOSubscription #MarketTrends #MumbaiMetropolitanRegion #RealEstateDeveloper #StockMarket #SurajEstateDevelopers

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Navigating the Small-Cap Terrain: Opportunities or Pitfalls for Equity Investors?

Are small-cap stocks potential goldmines or treacherous territories? Investing in the small-cap segment often presents a tantalizing mix of lucrative opportunities and substantial risks. According to financial experts, treading this path demands strategic and cautious approaches for investors seeking to navigate the equity bourses successfully. What Defines Small Caps in the Equity Market? Expert Perspectives on Small-Cap InvestingA Balancing Act of Risk and Reward Current Scenario and Market Dynamics Growth Potential and Opportunities Ahead Unveiling Alpha: Small and Mid-Cap Opportunities Strategies for Navigating the Small-Cap OceanAssessing Information and Quality of Data Strategic Portfolio Allocation Investing in Small Caps: MF Route or Direct Investment? Actively Managed vs. Passive Funds Conclusion: Navigating Risks in Small Caps A Prudent Approach for Investors

What Defines Small Caps in the Equity Market? Small caps essentially denote stocks listed on exchanges with a market capitalization below ₹5,000 crore. These stocks, while carrying immense potential for substantial returns, are also prone to heightened fluctuations and risks compared to larger counterparts. Expert Perspectives on Small-Cap Investing A Balancing Act of Risk and Reward Anil Ghelani, Head of Passive Investments & Products at DSP Mutual Fund, emphasizes the potential for higher returns in the long term within the small-cap space. However, he cautions that they also carry the risk of greater declines compared to larger stocks during market downturns. Current Scenario and Market Dynamics In the current market landscape, Pankaj Shrestha, Head of Investment Services at Prabhudas Lilladher Wealth, believes that the risk-reward equation appears more favorable for large-cap indices compared to their small-cap counterparts in the upcoming year. Growth Potential and Opportunities Ahead Despite these nuances, Amar Ranu, Head of Investment Products & Insights at Anand Rathi Shares and Stock Brokers, foresees a potential movement of 12-15% in the small-cap space in the next year. Factors such as anticipated earnings growth and decreased raw material costs could contribute to this potential upswing. Unveiling Alpha: Small and Mid-Cap Opportunities Deepak Jasani, Head of Retail Research at HDFC Securities, highlights the possibility of gaining alpha (profit) within the small and mid-cap segments. However, he notes that larger indices like the Nifty may outperform these segments in certain periods. Strategies for Navigating the Small-Cap Ocean Assessing Information and Quality of Data Sriram BKR, Senior Investment Strategist at Geojit Financial Services, underscores the challenge of evaluating data quality in the less-researched small-cap universe. Even relying on research or brokerage house recommendations may not provide comprehensive insights for retail investors. Strategic Portfolio Allocation Amar Ranu suggests maintaining a balanced portfolio across large-cap, mid-cap, and small-cap stocks. He recommends a mix of 50-60% in large caps and 20-25% each in mid and small caps, adjusting allocations tactically based on opportunities and valuations. Investing in Small Caps: MF Route or Direct Investment? For retail investors less confident in stock picking or lacking expertise in equity research, experts advise considering the mutual fund (MF) route. This avenue offers diversification, professional management, and controlled exposures to mitigate volatility. Actively Managed vs. Passive Funds While actively managed funds may outperform benchmarks, the choice between actively managed and passive funds in the small-cap space remains crucial. Actively managed funds offer information arbitrage but might not consistently outperform, whereas passive funds through SIPs present a prudent, low-cost approach. Conclusion: Navigating Risks in Small Caps Small caps' vulnerability to external shocks due to limited resources and market capitalization cannot be overlooked. These factors can disrupt operations and impact smaller companies more severely than larger counterparts, highlighting the need for cautious navigation in this segment. A Prudent Approach for Investors Given the potential for substantial gains alongside inherent risks, a balanced and strategic approach, combined with a mix of actively managed and passive funds, could offer a prudent path for investors eyeing the small-cap segment. Read the full article

#ActivelyManagedFunds #EquityInvestment #FinancialMarkets #Investmentstrategies #MarketCapitalization #MarketVolatility #MutualFunds #PassiveFunds #Portfoliodiversification #Riskmanagement #Small-CapStocks

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Redmi Note 13 Pro+ Teaser Unveils Ahead of India Launch on January 4

The highly anticipated Redmi Note 13 series is all set to make its debut in India on January 4, after its initial launch in China earlier this September. Comprising three variants - Redmi Note 13 5G, Redmi Note 13 Pro 5G, and the flagship Redmi Note 13 Pro+ 5G - the series has already piqued the interest of smartphone enthusiasts with its promising features and specifications. Redmi Note 13 Pro+ Overview Expected Specifications Pricing and Availability

Redmi Note 13 Pro+ Overview Xiaomi has revealed the teaser page for the Redmi Note 13 Pro+ ahead of its launch in India. The microsite on Flipkart unveils some enticing details about the smartphone: - Display and Protection: The Redmi Note 13 Pro+ boasts a 1.5K curved screen fortified with Corning Gorilla Victus protection. It's equipped with an IP68 rating, ensuring robust dust and splash resistance. - Performance: Housing a MediaTek Dimensity 7200 Ultra chipset, this phone is designed for seamless performance and power efficiency. - Charging Capabilities: The device supports 120W wired HyperCharge connectivity, promising an impressive zero to 100% charge in a mere 19 minutes. - Camera Setup: The highlight of the device is its remarkable 200-megapixel rear camera unit featuring optical image stabilization (OIS) and HDR support, promising exceptional photography capabilities. Expected Specifications The Indian version of the Redmi Note 13 Pro+ is anticipated to share specifications akin to its Chinese counterpart, featuring an Android 13-based MIUI 14 interface. Key features include: - Display: A 6.7-inch full-HD+ AMOLED panel. - Camera Configuration: A 16-megapixel front camera and a versatile rear setup featuring a 200-megapixel primary sensor, an 8-megapixel ultra-wide lens, and a 2-megapixel macro sensor. - Battery Life: A robust 5,000mAh battery complemented by 120W HyperCharge support. Pricing and Availability In China, the Redmi Note 13 Pro+ comes in Black, Silver, and White variants, with prices starting from CNY 1,999 (approximately Rs. 22,800) for the 12GB + 256GB model, escalating to CNY 2,299 (around Rs. 26,200) for the 16GB + 512GB variant. As the anticipation builds, Xiaomi enthusiasts eagerly await the India launch, where more details, including pricing and specific features tailored for the Indian market, will be unveiled. Stay tuned for the grand reveal of the Redmi Note 13 Pro+ and its remarkable features, promising an exciting addition to the smartphone market. Read the full article

#RedmiNote13Pro

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INOX India IPO: Strong Subscription & Grey Market Premium Surge - Should You Apply Before Bidding Ends Today?

The INOX India Limited's Initial Public Offering (IPO) is set to conclude today, December 18, 2023, after witnessing a strong subscription rate and a surge in its Grey Market Premium (GMP). With a price band of ₹627 to ₹660 per equity share, the company aims to raise ₹1,459.32 crore from the IPO, which primarily consists of Offer for Sale (OFS). Key Highlights of INOX India IPO: Subscription & Market Insights: Recommendations from Analysts: Disclaimer and Investment Advice:

Key Highlights of INOX India IPO: Key Points1. Grey Market Premium (GMP): Currently at ₹560 per equity share.2. Subscription Status: Over-subscribed by 7.14 times so far.3. Bidding Closure: Ends today, December 18, 2023.4. IPO Size: Targeting ₹1,459.32 crore through OFS.5. Lot Size: One lot comprises 22 company shares.6. Allotment Date: Likely scheduled for December 19, 2023.7. Listing Plans: BSE and NSE are the proposed listing platforms.8. Expected Listing Date: Possibly on December 21, 2023. Subscription & Market Insights: The IPO has witnessed remarkable traction with a subscription rate of 7.95 times by 10:12 AM on the third day of bidding. Notably, the retail portion has been subscribed 8.75 times, whereas the Non-Institutional Investor (NII) segment saw 16.17 times subscription. However, the Qualified Institutional Buyers (QIB) segment remains at 0.41 times against its original offer. Recommendations from Analysts: Various brokerage firms, including Marwadi Shares and Finance, Motilal Oswal, BP Equities, and others, have advocated a 'Subscribe' rating for INOX India IPO. They highlighted the company's leading position in supplying cryogenic equipment in India, its diversified portfolio, robust financials, and growth prospects due to the shift towards cleaner fuels and increased investment in electronic and space sectors. Disclaimer and Investment Advice: It's essential to note that the views expressed by analysts are individual opinions and not representative of Mint. Potential investors are urged to consult certified financial experts before making any investment decisions. The INOX India IPO, with its strong subscription figures and market confidence, presents an opportunity for investors seeking potential growth in the cryogenic equipment sector. However, prudent consideration and consultation with financial experts are advisable before investing. Stay tuned for more updates on the IPO and its forthcoming listing. Read the full article

#GMP #INOXIndiaIPO

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Rupee Begins Strong at 82.96 Against Dollar Amidst Softening Greenback: Market Insights and Predictions

The Indian rupee commenced trading on a high note, starting at 82.96 against the US dollar, marking an increase of 4 paise. This upward trend was largely influenced by a weakened American currency in global markets and continuous foreign investments into the country.

Here are the key highlights from the financial landscape: Market DynamicsRupee and Dollar Movement Factors Influencing the Rupee Expert Analysis and Projections Market Factors at PlayCrude Oil Prices Domestic Equity Market Foreign Investments in Indian Markets Institutional Investments Conclusion Market Dynamics Rupee and Dollar Movement - Rupee Performance: Opened at 82.96 against the US dollar, reflecting a positive 4 paise rise. - Dollar Index: Showed a decline, trading 0.08% lower at 102.10 against a basket of six major currencies. Factors Influencing the Rupee - Foreign Fund Inflows: Continuous inflows of foreign funds supported the rupee's climb. - Domestic Market Indicators: A mixed trend in domestic equities and escalating crude oil prices limited the rupee's gains. Expert Analysis and Projections Anand James, Chief Market Strategist at Geojit Financial Services, offered insights on the rupee's future movements: "Persistent inability to clear 83.4 might result in sudden drops. A breach below 83.02 could expose 82.78, whereas a push above 83.19 would restore the upside bias." Market Factors at Play Crude Oil Prices - Brent Crude Futures: Recorded an increase of 0.41% to $76.86 per barrel. - WTI Crude Futures: Rose by 0.48% to $71.77 per barrel. Domestic Equity Market - BSE Sensex: Traded 75.89 points lower at 71,407.86. - NSE Nifty: Slipped 29.20 points to 21,427.45. Foreign Investments in Indian Markets Foreign investors exhibited a bullish sentiment towards Indian markets, injecting nearly ₹1.5 lakh crore in 2023. This optimism revolved around the country's robust economic fundamentals amidst global uncertainties. Experts foresee this positive trend continuing into 2024. Institutional Investments - FIIs: Net bought Indian shares worth ₹9,239.42 crore on Friday. - DIIs: Net sold shares valued at ₹3,077.43 crore on the same day. Conclusion The rupee's ascent against the dollar was influenced by multiple factors such as foreign fund inflows and a weaker dollar index. However, the market awaits fluctuations based on domestic market trends and global cues like crude oil prices. Disclaimer: The views and predictions mentioned herein are derived from individual analysts' assessments and do not represent Mint's perspectives. Investors are advised to consult certified financial experts before making investment decisions. Stay updated with live market updates for more insights. Read the full article

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XRP's Recent Dip Amid $1.2 Billion Volume: Whales Selling Before January? Expert Insights & BTCETF Innovations Unveiled

Recent market turbulence has seen Ripple's XRP witnessing a slight 4% downturn, accompanied by an eye-catching $1.2 billion trading volume. Currently hovering around $0.620, XRP's movement prompts questions regarding potential whale activity, sparking speculations of significant holders offloading their stakes ahead of January. XRP Price Prediction & Technical Analysis: Outlook & Caution: BTCETF Tokenomics & Innovation:

XRP Price Prediction & Technical Analysis:

Analyzing the technical aspects, the 4-hour chart spotlights a crucial juncture at $0.6383, highlighting pivotal levels for XRP's trajectory. Resistance markers lie at $0.6697, $0.7000, and $0.7332, while support zones rest at $0.5981, $0.5671, and $0.5401, pivotal for maintaining bullish momentum. The Relative Strength Index (RSI) at 46 signals a neutral to bearish sentiment, coupled with XRP currently positioned below the 50-Day Exponential Moving Average (EMA) of $0.6300, reinforcing the short-term bearish trend.

XRP's chart displays a symmetrical triangle pattern, indicative of consolidation. However, a potential dip below $0.5980, alongside closing below the 50 EMA, could intensify selling trends, hinting at a stronger bearish inclination.

Outlook & Caution:

The technical analysis hints at a bearish sentiment below the crucial pivot of $0.6383. Short-term projections envision resistance tests if a reversal materializes, yet the consolidation pattern and bearish indicators advise caution among traders and investors in the immediate future.

BTCETF Tokenomics & Innovation:

Beyond XRP, the Bitcoin ETF project introduces innovative tokenomics, including a burn mechanism and staking rewards. With milestones integrating a 5% burn tax on transactions and staged burn-offs aiming to reduce the total supply by 25%, the project aims for deflationary growth, potentially boosting price surges. The project's strategy encourages early participation, with current funding reaching $4.2 million out of a $5 million goal. Priced at $0.0068, BTCETF offers purchase and staking options, inviting early engagement ahead of potential Bitcoin rally legs.

Disclaimer: This article serves informational purposes; it is not investment advice. Crypto markets involve high risk, and capital loss is possible. Read the full article

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Ethereum Inches Toward $2,500: Rally on the Horizon or a Mirage in the Making?

Ethereum, the cornerstone of the cryptocurrency market, has its sights set on the elusive $2,500 mark. This surge, however, unfolds against a backdrop of trials for its decentralized finance (DeFi) sector. The DeFi domain grapples with challenges, notably escalating transaction fees rendering the platform less accessible for average users. The Meteoric Ascent of BONK: A Memetic Marvel or Fleeting Fad?

These soaring fees, deemed unreasonably high by many, have hindered Ethereum's usability. Vitalik Buterin, Ethereum's cofounder, hinted at a potential solution by proposing the integration of zero-knowledge Ethereum Virtual Machine (zkEVM) scaling solutions directly into the mainnet—an eagerly anticipated development within the community. While Ethereum navigates these hurdles, rivals like Solana are gaining attention for maintaining lower fees and higher transaction throughput. This competition intensifies the pressure on Ethereum to bolster scalability and efficiency to uphold its leading position in the blockchain realm.

Analyzing Ethereum's price trajectory reveals an intriguing story. Recent surges above crucial moving averages signal bullish momentum. Yet, caution prevails as the Relative Strength Index (RSI) suggests a market that isn't excessively bought or oversold, leaving room for volatility. Ethereum's approach to the $2,500 level encounters resistance, a pivotal zone that could usher in a new rally if surpassed convincingly. But amidst DeFi challenges and competitive thrust from platforms like Solana, certainty about Ethereum's breakthrough to $2,500 remains elusive.

The Meteoric Ascent of BONK: A Memetic Marvel or Fleeting Fad?

BONK, the latest sensation in meme coins, has rapidly ascended to a billion-dollar valuation, challenging established tokens like Dogecoin and PEPE. Its recent listings on major exchanges have propelled it into the limelight, drawing comparisons to Shiba Inu's remarkable surge during the prior year's bull market. BONK's price chart reflects an upward trajectory, signaling an intense accumulation phase typical of new listings. Meme coins, known for sparking enthusiasm in trading communities, often experience explosive short-term gains. However, seasoned analysts warn of the sector's volatile nature, characterized by boom-and-bust cycles.

While BONK's meteoric rise positions it as a contender in the meme coin space, caution looms large. Historical patterns suggest significant corrections following rapid price expansions. The road ahead for BONK, despite aspirations to rival SHIB, may be fraught with high volatility and sudden market shifts.

As with all meme coins, exercising extreme caution is advised. While the dream of dethroning SHIB persists, the path for BONK remains unpredictable, highlighting the potential for market fluctuations and substantial corrections in its journey ahead. Read the full article

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