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Indian frontline indices began the October series on a positive note, led by gains in pharma, energy and financial stocks.

The rate is sharply higher than what the company had paid for a 15-month bond issue in December, when it had raised 8 billion rupees and the coupon was linked to 91-day Treasury bill yield, which then worked out to around 8.79%.

On September 28, several major stocks exhibited their strength by surpassing their 200-day SMA.

Chairman Anil Agarwal said last month Vedanta will consider separately listing all or some of its businesses, in contrast to a failed attempt in 2020 to delist the company to speed up the process of simplifying its corporate structure

“The Reserve Bank of India has been protecting rupee from depreciating very sharply,” Parul Mittal Sinha, head of India financial markets at the lender said on Bloomberg TV Friday. The monetary authority has “been following the stated policy of containing volatility in the rupee,” she said.

“We are predominantly a luxury player in any case. We are the highest end of the pricing point in the entire spectrum. With the Manish Malhotra range, we are very confident that we will be in a product category where we have not moved and which is uber luxury or ultra-luxury.”

Aditya Agarwal, Co-Founder of Wealthy.in, discusses the decision to pick stocks individually or trust a professional fund manager. He highlights the importance of sector-specific investing and the potential for outsized returns, while also acknowledging the risks involved. Agarwal advises investors to conduct their own research and make sector-specific calls if they have the time and skill set, but recommends relying on a fund manager if they lack these resources.

Pranjal Kamra, CEO of Finology Ventures suggests following the 50-30-20 rule, where 50% of income is allocated to needs, 30% to wants, and 20% to investments. Kamra also recommends avoiding impulse purchases by using UPI or debit cards instead of credit cards, setting up manual payments instead of auto debits, and uninstalling shopping apps to prevent unnecessary spending.