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See, earlier you retire more money you need because, if for example, you retire at the age of 50 and you consider a life expectancy of 90 years, 85 years whatever so it means from 50 to 90 you need to live on that money for next 40 years.

"The railway ticket and because it has become default check-in for people to get covered. Now because it has become default check-in, most of us now will be covered by this policy and the only thing that a person needs is a report from the railway authorities that this kind of an incident has happened and this is typically available with whichever railway you have travelled and fill a claim form."

The operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA), soared 69% on year to Rs 1,940 crore, driven by operating efficiency, and softening of material and energy prices.

The RBI was possibly selling dollars in the final minutes of trade, two traders at state-run banks said. Foreign banks were also selling dollars following a correction in the dollar index, one of the traders said.

"Sony here means it is a big positive and I do not even rule out something like Rs 450 coming on the stock over the next one year. This is a very big positive and with the World Cup cricket and other things to go with it, this could be a real game changer on media and particularly for Zee."

The Nifty Bank index closed 0.76 per cent down at 44541.8.

On a standalone basis, PAT for Q1FY24 stood at Rs 355 crore, down 56% YoY from Rs 809 crore in the year-ago period. Standalone Q1 revenue has declined by 14% YoY to Rs 6,238 crore from Rs 7,253 crore a year ago.

Coming to consumer stocks, "it is better to be pretty selective right now. I expect one more quarter of subdued volume growth. But my sense is that with the onset of the festive season post September onwards, we will start seeing consumption doing pretty well across most of the categories. So players who have really established or have a strong foothold in terms of their products, in terms of pricing and target customers like Trent are doing exceedingly well."

Investors drew comfort from the National Company Law Tribunal’s (NCLT’s) approval to the proposed merger of the company with Sony Pictures. The merger deal was announced by the media major in 2021, but it has seen an unexpected delay due to Zee’s several legal battles with lenders and market regulator Sebi

"The addressable market right now is sitting out online, sitting in bigger cities, sitting across computers. They are getting lazier and do not want to come to the store. So one has to acquire the customer base of the kind of customers who are going to the online marketplaces and shopping there. There are also diversity customers, largely women customers in India, who are wearing more of ethnic wear."