FM Sitharaman pushes MoHUA for full capex utilisation; cement, housing finance stocks to benefit

Finance Minister Nirmala Sitharaman chaired a review meeting to assess the budgeted capital expenditure of the Ministry of Housing and Urban Affairs on September 20. The Finance Minister urged the officials to ensure that the capex target for the current fiscal year is fully met and that the budgeted allocation of Rs 28,628 crore is completely utilised. The Finance Minister's key focus during the meeting was the Pradhan Mantri Awas Yojana (Urban) scheme, which plays a crucial role in providing affordable housing. Many stocks could see benefits from the thrust on building affordable housing. Read more here

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Broader indices at new high; 30 smallcaps gain between 10-50%

The broader indices rallied to a fresh all-time high in the volatile week ended on September 20, but underperform the main indices, which also hit a record high after more than anticipated interest rate cut by Fed. This week, the broader indices touched fresh record high, however, for the week, BSE Mid and Smallcap indices ended on a flat note, while Largecap index rose 1.5 percent. The BSE Small-cap index also ended flat but hit fresh all-time high of 57502.74. Neogen Chemicals, Reliance Infrastructure, Concord Biotech, Waaree Renewable Technologies, Reliance Power, Himatsingka Seide, ITD Cementation India, Sterling Tools, Maharashtra Scooters, Vakrangee, Marathon Nextgen Realty gained between 15-50 percent. On the other hand, losers included Sportking India, KDDL, Sadhana Nitrochem, Abans Holdings, Renaissance Global, NELCO, M K Proteins, Vimta Labs, Rane Holdings, Syncom Formulations, PTC India, TruCap Finance. Read more here

EQT and ChrysCapital-promoted HDFC Credila picks 5 i-banks for mega Rs 5,000 cr plus IPO

The country's top education loans financier, HDFC Credila Financial Services, has shortlisted five investment banks as advisors as it gears up to float a big-bang initial public offer (IPO) in 2025, four persons in the know told Moneycontrol on the condition of anonymity. "Following recent pitches with investment banks, HDFC Credila has picked Jefferies, Citi, Axis Capital, IIFL Capital & BofA Securites as advisors for the mega IPO," one of the persons told Moneycontrol. Read here

Which card should you use for International travel? Fees, safety, and best practices for Debit, Credit card

Should you use a debit card to stay within budget, or rely on a credit card to avoid tax collected at source (TCS) charges? Understanding the fees associated with both debit and credit card use abroad is essential before you embark on your journey. Read on to learn more about the pros and cons of using debit and credit cards abroad.

Amazon introduces Amelia AI assistant: What it does, who it is meant for, and more

Amazon is continuing to step up its efforts to introduce generative AI on its platform. The US-based tech giant has announced a new AI assistant called Amelia. This personal AI assistant was built using Amazon Bedrock and offers tailored business insights to boost productivity and drive seller growth. More details here

Tumbbad becomes highest grosser in the year of re-runs

The recently re-released horror flick Tumbbad has become the highest grosser among the films to have returned to cinemas, beating the record of Rockstar which collected Rs 10 crore. Read more here