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Nifty likely to trade with positive bias, watch out for moves above 18,200: ICICIdirect https://ift.tt/WV1OhAa the rollover perspective, Nifty futures open interest has declined marginally compared to the last series, and it was the lowest OI seen at inception since the July series as short positions were covered in recent declines. At the same time, the premium in Nifty

Nomura lists 17 top stock picks for 2023. Here's the list https://ift.tt/gCG4l8e more such web stories click on the ET icon below

Roadmap for 2023: What equity, debt investors can expect from the new year https://ift.tt/S3oYcBC year brings with it new opportunities and the same can be said of the coming one. However, it is up to you, the investor, to read the cues carefully and make decisions which have higher chances of providing better risk-adjusted returns in the long run.

As roads split in 2022 stocks, one trade made all the difference https://ifttt.com/images/no_image_card.png“2022 was the year the tide went out and we got to see who was swimming naked,” said Andrew Adams at Saut Strategy. “It’s the first year in a while that required doing something other than just buying the dips and holding to make money.”

Mind Over Money: Meditation, crossword, quordle and sudoku help this money manager to keep mentally fit https://ift.tt/mGiaXUr biggest advice is to avoid timing the market. Set an appropriate asset allocation and then keep investing regularly. When the markets are turbulent, people make an error by trying to time the market.

Wall Street ends 2022 with biggest annual drop since 2008 https://ift.tt/AxFkjCf Street's three main indexes booked their first yearly drop since 2018 as an era of loose monetary policy ended with the Federal Reserve's fastest pace of rate hikes since the 1980s.

India’s forex reserves fall to $562.81 billion from $563.49 billion https://ift.tt/nIQ6kYg the start of 2022, the overall forex reserves were at $633.61 billion and dropped to a two-year low in October. Much of the decline can be attributed to RBI's intervention and a rise in the cost of imported goods. It is still down sharply from a peak of over $642 billion touched in September last year.

2022's last IPO: Sah Polymers issue open from today. Should you subscribe? https://ift.tt/qu7gWx9 in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.

Golden Crossovers: These 4 stocks signal further bullishness https://ift.tt/tC8yg35 more such web stories click on the ET icon below

Stock market holidays in 2023: Trading to be shut for 15 days next year https://ift.tt/ywV9KaP with no break in July, the markets will observe a holiday on the occasion of Independence Day on August 15. Post that on September 19, markets will be shut for Ganesha Chaturthi.

Dollar eyes best year since 2015; Fed rate path, China reopening to set tone https://ift.tt/kyPZQ1v from the European Central Bank and the Bank of England have signalled more rate hikes to come next year, in a bid to tame inflation even at the risk of hurting their economies.

Eicher Motors picks 10.35% in Spain’s Stark Future for Rs 50 million https://ift.tt/xPhCZ2y part of this collaboration, the Board of Directors of Eicher Motors has approved an investment of € 50 million for a close to 10.35% equity stake in Stark Future. With this investment, Eicher Motors will have a seat on Stark Future’s Board, and will explore further opportunities to collaborate in the space of electric mobility.

ETMarkets Fund Manager Talk: Buying growth sector stocks, low-risk ETFs is this smallcase manager’s investment tip for 2023 https://ift.tt/03oW9yv offer three smallcases designed for different market conditions. The ‘core portfolio’ smallcase, focused on defensive stocks with stable growth and a high margin of safety, outperformed the benchmark by 13% YTD.

Philippines death toll from Christmas flood, rain rises to 26 https://ift.tt/SyEIkR2 total number of affected people, or 102,476 families, increased to 393,069 people. Apparently, there are 292 evacuation shelters housing 81,443 people or 20,723 families, Manila Times reported. The calamity not only wreaked havoc in the country but also pushed more than 45,000 people into evacuation centres for shelter.

India-Australia pact kicks in; zero duty for 96.4% exported goods https://ift.tt/4k0WMdJ is offering zero-duty access to India from day one for about 96.4% of the products exported, including many that currently attract 4-5% customs duty in Australia, such as leather, textiles, and gems and jewellery.

China Covid pivot sparks jitters worldwide, US mulling travel restrictions https://ift.tt/KP9Fgwi late Monday scrapped quarantine for inbound travellers from January 8 onwards, dismantling the last remaining piece of its stringent zero-Covid policy and ending some of the world's harshest border restrictions. The move was greeted with jubilation by Chinese citizens, who rushed to book international flights, triggering a surge in ticket prices.

Tesla’s 2022 collapse hits 69% after deepest selloff since April https://ift.tt/SyEIkR2 hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.

Stocks to buy or sell today: 5 short-term trading ideas by experts for 28 December 2022 https://ift.tt/w4QqDig Call writing is seen at 18,350 then 18,150 strikes while Put writing is seen at 18,000 then 18,100 strike. “Options data suggests a shift in a higher trading range in between 17,800 to 18,300 zones,” added Taparia.

Big Movers on D-St: What should investors do with Jindal Steel, Tata Steel and FACT? https://ift.tt/hREsjuC that were in focus include names like Jindal Steel & Power which closed with gains of over 9%, Tata Steel which gained nearly 6%, and Fertilizers and Chemicals Travancore which closed with gains of 10% on Tuesday.

Snow storm: Over 10,000 flights cancelled in US during Christmas holidays https://ift.tt/SyEIkR2 Dallas-based, domestic-focused carrier, which has historically enjoyed a strong reputation with consumers, drew withering expletive-filled rebukes on social media, where labor leaders also highlighted horror stories from stranded airline employees.

US Supreme Court keeps Covid-era immigration limits in place indefinitely https://ift.tt/SyEIkR2 limits, often referred to as Title 42 in reference to a 1944 public health law, were put in place under ten-President Donald Trump at the beginning of the pandemic. Under the restrictions, officials have expelled asylum-seekers inside the United States 2.5 million times and turned away most people who requested asylum at the border on grounds of preventing the spread of COVID-19.

US weighs new COVID rules for travelers from China: Officials https://ift.tt/SyEIkR2 move comes after Japan, India and Malaysia announced stepped up rules on travelers from China in the last 24 hours, citing a rise in infections there. Japan has said it would require a negative COVID-19 test upon arrival for travelers from the China. Malaysia put in place additional tracking and surveillance measures.

Credit card scheme soon for MSMEs https://ift.tt/5txYcNl government plans to provide short-term credit at low interest rate to MSMEs for their working capital needs to ensure certainty in credit flow amid a slowing global economy. There are 63 million MSMEs in the country, providing 110 million jobs.

Zomato stock outlook: Kotak trims target price but retains buy https://ift.tt/V4QbJOo in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.

Golden Crossovers: These 6 stocks signal further bullishness https://ift.tt/f3ehLxu more such web stories click on the ET icon below

Stock market trends in 2022: PSU bank stocks lead sectoral winners; IT top loser https://ift.tt/HgAlBXz has outperformed its global peers with gains of around nearly 3% in the calendar year 2022. However, among sectoral indices, Nifty PSU Bank index remained the top gainer with nearly 54% gains, while Nifty IT index remained the top loser as it fell 27% in CY22.

Stocks to buy & sell today: 5 short-term trading ideas by experts for 27 December 2022 https://ift.tt/hrvknYI formed a Bullish Engulfing candle on daily scale on Monday and negated its lower highs of last three trading sessions,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Big Movers on D-St: What should investors do with Century Textiles, Nykaa and Indian Energy Exchange? https://ift.tt/5txYcNl stock is currently placed a tad above its prior point of polarity, which was placed at around Rs 650. The key technical indicators reversed from the dip oversold zone on the short-term timeframe chart and are on the verge of a bullish crossover.

Dollar retreats as risk appetite improves; Australia, NZ currencies rise https://ifttt.com/images/no_image_card.png"There seems to be no let-up in the pace of relaxing COVID restrictions despite the surge in COVID cases in the mainland," said Christopher Wong, a currency strategist at OCBC. "This perhaps demonstrates Chinese policymakers' resolve to full reopening.

ICICI Bank loan case: CBI arrests Venugopal Dhoot https://ift.tt/FEMhPKr holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of Chanda Kochhar and her husband Deepak who were arrested on Friday by three days. The CBI sought a three-day custody to confront the accused.

Textile companies could 'sprint and soar' with FTAs, Govt push https://ifttt.com/images/no_image_card.png​​The firm said it has been ‘gloom and doom’ for the domestic industry in the past few months because of high cotton prices and low demand for textiles and apparel in Western countries.

The power of commas and colons in RBI speak https://ift.tt/XVZEc7J bank communications in India, too, have come a long way - from the semi-annual monetary policy statements in April and October to a bi-monthly monetary policy when India instituted a flexible inflation targeting regime.

China Covid surge stokes supply fears among Indian traders https://ift.tt/d9FvjQs exports to China are falling as there is already a slowdown in the Chinese economy. The spread of Covid-19 and the upcoming Chinese New Year in the second half of January could lead to further workforce shortages.

22 dead as savage US blizzard cuts power, snarls travel https://ift.tt/AaMD3lS extreme weather, a mix of prolonged blizzards and historic cold, plunged wind chill temperatures in all 48 contiguous US states below freezing this weekend, stranded holiday travelers with thousands of flights cancelled and trapped residents in ice- and snow-encrusted homes.

China's COVID-19 surge raises odds of new coronavirus mutant https://ifttt.com/images/no_image_card.png"China has a population that is very large and there's limited immunity. And that seems to be the setting in which we may see an explosion of a new variant," said Dr. Stuart Campbell Ray, an infectious disease expert at Johns Hopkins University.

The Monk Who Sold His Ferrari author suggests rules of thinking that marks a successful leader https://ifttt.com/images/no_image_card.png“Ultimately, what makes great leadership and what makes a happy life is not what other people think of you, it is what you think of yourself, what does your family think about you? What do your co-workers think about you?”

Decoding Indian real estate pricing trends and projections for 2023 https://ift.tt/TQCoJns from factors like rapid urbanisation and a rising population contributing to increased demand for affordable housing units in major Indian cities, investors too are making a beeline for residential and commercial real estate. With equity markets stagnating amidst increasing inflationary pressures, real estate investments are ramping up due to the attractive rental yields and the potential for further price appreciation.

Mcap of 10 most valued firms erodes by Rs 1.68 lakh cr; Reliance biggest drag https://ift.tt/IPW5H7v Industries' valuation tanked Rs 42,994.44 crore to Rs 16,92,411.37 crore. State Bank of India's market valuation tumbled Rs 26,193.74 crore to Rs 5,12,228.09 crore.

The end of unprecedented interest rate hikes? What to expect in 2023 https://ift.tt/t5kHWSZ do not expect the labor demand-supply scenario to improve until the first quarter of 2023. However, we anticipate that the situation will stabilize by the second half of 2023. While we believe the Fed will begin raising interest rates by 25 basis points on February 1st, 2023, we believe the Fed will pause the next rate hike, with a 70% probability

India's rabi crops sowing rises 4.4% led by wheat https://ift.tt/Yzl5nCe increase in crop area is across all crops with the highest in wheat. Out of the 25.99 lakh hectares increase in all rabi crops, the increase in wheat area is 9.65 lakh hectares from 302.61 to 312.26 lakh hectares. ​Though the sowing of rabi crops is still under progress, the area brought under wheat this year (312.26) till 23-12-2022 is more than the normal rabi sown area (304.47) and the total sown area of last year (304.70).

Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomat https://ift.tt/Axafqs2 the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments from Indian buyers and release the corresponding amount to Russian sellers in rouble will see a huge pile-up of the rupee even after buying back all the rouble Russian buyers pay for Indian products and services.

Rising Covid cases is polishing gold’s appeal as safe haven asset https://ift.tt/Yzl5nCe economic data during the week from the US remained a mixed bag with the Conference Board’s one-year inflation expectation showing an ease down in inflation from 7.1% to 6.7%, and consumer confidence index spiked to eight months high of 108.3 in December from an upwardly revised 101.4 in November

Govt's focus on making India a manufacturing destination will pay dividends: Subhrakant Panda https://ift.tt/I6oXS9K, it is indeed an interesting time to be at the helm of FICCI but I think at some level it is a good time because India is in a breakout mode in terms of regaining its position and a lot of that has to do with how we handled the pandemic with both the timing and the quantum of stimulus measures being spot on.

Fundamental Radar: This multibagger stock looks set to hit fresh 52-week highs in 2023; here’s why https://ift.tt/nmphVbX Pawaskar, DVP Fundamental Research at Sharekhan by BNP Paribas highlights 5 factors why Healthcare Global Enterprises is a top buy in hospital space for 2023:

Tesla shares tumble, on track for worst month ever https://ift.tt/PAyug3U stock has tumbled 36% so far in December, putting it on track for its worst ever monthly performance. By comparison, Tesla's shares dropped 22% in March 2020, when the coronavirus pandemic tipped financial markets into a tailspin.

Gold flat as focus shifts to inflation data https://ift.tt/0InhV7X prices dropped more than 1% on Thursday after U.S. economic data showed the country's economy rebounded faster than previously estimated, boosting the dollar and potentially setting the Fed on a keener path to fight inflation.

JK Cement buys controlling stake in Acro Paints for Rs 153 crore https://ift.tt/HI7iVLn Paints is a leading manufacturer in northern India of architectural and high-performance paints and coatings. This acquisition is a step towards fast-tracking JK Cement’s entry into the paints business, expanding its product offerings and potentially foraying into new markets, as per the press statement.

Piramal Capital bets big on developer financing loans https://ifttt.com/images/no_image_card.png"We are consolidating our development finance book, but we still like the business; it is materially a sound business," said Jairam Sridharan, managing director, Piramal Capital and Housing Finance. "The fact that banks have got serious limitations in terms of how to lend to real estate is well known. So, where will the funding come from? We want to be among those providers."

ETMarkets Smart Talk: Regulatory framework will reduce the uncertainty from the crypto market: Sumit Ghosh, Chingari https://ift.tt/yxCfp6H year has been good for us despite one hiccup of price correction which again was due to market factors, beyond our control. Despite the black swan event our GARI wallet holders have increased significantly with the number crossing 1.7 million in just 10 months of its integration into Chingari app.

Big Movers on D-St: What should investors do with JK Paper, Shipping Corp and Axis Bank? https://ift.tt/f5rgXHo, buying was seen in energy, IT, and oil and gas stocks while some selling was visible in telecom, realty, auto, and FMCG stocks.

SpiceJet looks to settle dues of aircraft lessors https://ift.tt/gnwIOKW company will first transfer its cargo undertaking to a newly created subsidiary. The unit, SpiceXpress, will then issue compulsorily convertible debentures (CCDs) to the parent, said the people cited above. Then, SpiceJet will offer lessors the option to swap lease payments with the CCDs.

Piramal partner Cosmea exits race to acquire R-Capital https://ift.tt/QRwYK65, it would be difficult for Piramal Enterprises now to participate in the auction process scheduled Wednesday. This is mainly because Piramal's binding offer is for one entity of Reliance Capital, while only those bidders offering to buy the entire company can participate in the challenge auction process. Furthermore, Piramal's binding offer was made with Cosmea, which is not participating in further rounds of the sale process.

ETMarkets Smart Talk: Amid rise in interest rates, banks are an excellent pick for an earnings upgrade in 2023: Sonam Srivastava https://ift.tt/gnwIOKW Nifty deserves to command a high multiple for several reasons - India becoming an alternate manufacturing destination for the world, India leading in the public digital and financial infrastructure space, domestic focus on job-creation and ease of doing business.

Asian markets mostly weaker as investors question China reopening https://ift.tt/gnwIOKW positive reaction to the reopening is starting to give way to the realisation that it's going to be a lumpy path for China to get there, JP Morgan Asset Management's global market strategist Kerry Craig told Reuters.

Adani Group company VCPL has picked up 8.27% stake via open offer, says NDTV https://ift.tt/gnwIOKW total shareholding of Adani has increased to 37.45% with the closure of the open offer. The open offer was triggered after VCPL acquired a 99.5% stake in RRPR Holding Private Limited (RRPR) which translated to 29.18% of the shareholding in the TV news company

HDFC raises retail prime lending rate by 35 bps https://ift.tt/mbtSdca effect from December 20, 2022, Home Development Finance Corporation Ltd. (HDFC) increased its Retail Prime Lending Rate (RPLR) by 35 basis points.

Promoter Reliance Retail to sell 2% stake in Just Dial https://ift.tt/fu64mDV and promoter group entities together hold 76.98% stake in Just Dial

Planning to buy gold bonds? Add in two tranches https://ift.tt/6nNB8YQ fears of a recession in the US and high domestic inflation necessitate adding gold as a portfolio diversifier. Here financial planners say investors should hold 10% gold in their overall portfolio and buy sovereign gold bonds (SGB) to reach that allocation.

Investors switching to index funds as high valuations cloud return prospects https://ift.tt/KPmkAEU funds witnessed an outflow in November for the first time in 15 months, with year-to-date inflows at just one-fifth of index funds, according to data from the Association of Mutual Funds of India (AMFI)

Crypto pessimism grows as Bitcoin slips below $17,000 https://ift.tt/jQsabu8 largest token traded below $16,700 on Sunday after dropping as much as 3.7% on Friday. Earlier in the week, Bitcoin reached its highest price since Sam Bankman-Fried's crypto empire filed for bankruptcy last month. On Friday, Ether declined as much as 6.3%, while other altcoins like Avalanche and Solana dropped as well.

Jerome Powell puts US pay hikes at heart of Fed's 2023 inflation fight https://ift.tt/jQsabu8 pivotal question for Fed officials is whether the climb in US pay over the past 18 months or so is a one-time bump - as companies adjust to scarce labor supply, and a realization that their workforce was under-compensated - or a pernicious feedback loop in which prices and wages drive each other up.

Economists pencil in lower imports to narrow CAD and support rupee https://ift.tt/1HqFpQW said lower commodity prices will help shrink the deficit in the coming months, providing more support to the exchange rate even as exports remain weak. Slower domestic growth could also keep imports muted, reducing the deficit.

Israel deports Palestinian lawyer Salah Hamouri to France over security, interior ministry says https://ift.tt/RfsibKu, 37, a Jerusalem resident without Israeli citizenship, had his residency status revoked on Dec. 1 on charges that he was active in the Popular Front for the Liberation of Palestine, classified by Israel and its Western allies as a terror group.

IPOs in 2022: Fund mobilisation halves to Rs 57k cr; new year may be even quieter https://ifttt.com/images/no_image_card.png"The year 2023 will be tough, with growth slowing down globally, we are bound to see some repercussions in India. I expect a slower or quieter market in 2023, and I suspect money garnered through IPOs next year will be lower than or on the same level as 2022," said Nikhil Kamath, co-founder of True Beacon and Zerodha.

FPIs invest Rs 10,555 cr in equities in Dec so far on moderating US inflation https://ift.tt/GY9J4HM, capital flows will be dictated by the global developments, particularly the trends in the dollar index and US bond yields. This, in turn, will be determined by the trajectory of US inflation, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Mcap of nine of top-10 most valued firms erode by Rs 1.22 lakh cr; Reliance biggest laggard https://ift.tt/YgwIizU HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation.

Gold traders wind down their activities ahead of Christmas and New Year https://ift.tt/a1RO09t similar scenario may unfold in the UK and euro-zone as their respective central banks ratchet up interest rates despite increasing risks to fragile growth.

KFin Technologies IPO: Should you avoid this 'pricey' bet? https://ift.tt/jroC3Lm firms have a mixed review on the company. A few suggest it is as a long term player citing its strong position in the duopoly market, whereas others suggest to keep off the issue citing rich valuations and complete OFS status.

Forget stock predictions for next year. Focus on the next decade. https://ift.tt/2rkuOMK inflation soaring, the Fed raising interest rates, Russia's war in Ukraine and China's decision to drop its "zero COVID" policy, a recession all but certain in Europe and increasingly likely in the United States, clear maps of the future would be particularly welcome now.

Not just Fed, at least 8 other central banks hiked rates this week https://ift.tt/sDLaz3q US Federal Reserve's 50 bps interest rate hikes to combat inflation on December 14, other global central banks also raised their interest rates.

Binance, alone at the top after FTX, stirs 'too big to fail' crypto worry https://ift.tt/oTL7kyU Bankman-Fried’s FTX empire collapsed into bankruptcy and the 30-year-old former billionaire swapped a luxury penthouse for a Bahamas jail cell, Binance has increased its market share to 52.9%, its largest ever, and grown its share of derivatives trading to 67.2%, according to CryptoCompare.

Extreme bear sentiment over as investors buy stocks and bonds - BofA https://ift.tt/4rT0GUL investors sold $0.2 billion of gold and shed cash at the highest rate in three months, selling $31.1 billion.

PSU banks steal the show this week; UCO Bank surges 45% https://ift.tt/iJ0wBbT banks stole the show, extending their gains. UCO Bank surged over 54%, whereas Indian Overseas Bank gained 30%. Meanwhile, Punjab & Sind Bank gained 20%, and Bank Of Maharashtra and Central Bank of India added 13% each.

Midcaps lead Dalal Street sell-off as risk appetite subsides further https://ifttt.com/images/no_image_card.png"Indian markets will continue to dance to global cues and the next two-three months will remain volatile," said Mayuresh Joshi, head equity research, William O'Neil India. "The hawkish tone of global central banks indicates that they have been behind the curve in fighting inflation."

Wall Street ends lower for third straight day as recession worries rise https://ift.tt/GNrnIxB York Fed President John Williams said on Friday it remains possible the U.S. central bank will raise rates more than it expects next year

Dollar stands tall as hawkish ECB fans downturn fears https://ift.tt/U6LBAY7 Bank of England raised its key interest rate on Thursday as well and indicated more hikes were likely. However, investors bet that the BoE might be getting close to the end of its increases in borrowing costs.

IPO market for startups will come back next year: Debasish Purohit https://ift.tt/knQy0Jd a thematic level, Indian banking is one of the most exciting investment spots to be in. We have decades of organic and structural growth ahead of us and banks will continue to be the best proxy to play the India theme.

Elin Electronics IPO to open on Dec 20; price band fixed at Rs 234-247 per share https://ift.tt/0F1aPO3 company aims to raise Rs 475 crore via initial stake sale, including a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore by its promoters and existing shareholders.

Big Movers on D-St: What should investors do with UCO Bank, Bank of Maharashtra and IOB? https://ift.tt/bKMXJsI that were in focus include names like UCO Bank which was up over 14%, Bank of Maharashtra which gained over 4%, and IOB which was up more than 5% on Wednesday.

If Indian sweets are your all-time favourite, then you will love this fusion recipe for sure. Halwa is one of the easiest mithais to make and can be prepared at home in no time with just a handful of ingredients. The addition of khoya and almonds in this recipe makes it richer and more filling. If you are a pineapple lover, then this fusion recipe should be next on your list. The sweet dish can be garnished with pineapple bits, almonds, cashews and even raisins before serving. We have used sugar in this recipe, however, you can replace it with a healthier substitute like jaggery, stevia etc. You can bookmark this recipe and prepare it for any festival or special occasion. This recipe will be a hit, especially among the kids. Do try this recipe, rate it and let us know how it turned out to be by leaving a comment in the section below. Happy Cooking!Recipe by: Swapnadeep Mukherjee, Executive Chef, The Metropolitan Hotel & Spa INGREDIENTS 250 gm almonds 250 gm pineapple 150 gm ghe...

Dollar falters as investors challenge Fed's hawkishness https://ift.tt/TYtJdKu. consumer prices rose less than expected for a second straight month in November, data released this week showed, with underlying consumer prices advancing by the least in 15 months.

Anil Agarwal struggles to get backers for $19 billion chip unit https://ifttt.com/images/no_image_card.pngAgarwal’s representatives met with large funds from the Middle East, Singapore, and the US over the past three months to garner financing commitments for the manufacturing business, the people said, asking not to be named as the information is not public. All the funds gave the opportunity a pass leaving them with almost no backers for the project, they said, without providing further details.

India may get Russia oil at below $60 per barrel https://ift.tt/gnl2kvP government officials and industry executives said domestic refineries will continue to buy cheap Russian oil with no major shipping or insurance trouble expected as the market rate for the key grade has fallen below the cap.

Looking for something healthy yet delicious at the same time to satiate your hunger pangs in a nutritious manner? Try this Thai Steamed Corn Balls recipe that can be easily made at home in less than 30 minutes. With just a handful of ingredients, you can replicate the Thai flavours efficiently at home by following this step-by-step recipe. Bored of the usual snacks served along with tea? Break the monotony and serve these steamed balls, and we are sure that be it kids or adults, everyone will love it for sure. If you have pakoras every now and then, replace that unhealthy snack with these steamed and healthy Corn Balls. In less than 50 calories per corn ball, this Thai recipe will become one of your favourites. You can serve this unique snack at parties, make it as an evening snack and even pack it in your kid's tiffin box. Do try this recipe, rate it and let us know how it turned out to be by leaving a comment in the section below. Happy Cooking!Recipe by: Swapnadeep Mukherjee, E...

OPEC sticks to 2022, 2023 oil demand growth forecasts https://ift.tt/gzLtGFj demand in 2023 will rise by 2.25 million barrels per day (bpd), or about 2.3%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, after growth of 2.55 million bpd in 2022. Both forecasts were unchanged from last month.

Sugar millers wait for price to firm up before fulfilling export quota https://ift.tt/7ZqclKU prices have come down by about 3-4% from their peak, after India allowed shipments starting November 5 following a fall in global sugar futures prices. Although the current export prices are still higher than the domestic market prices by 12-13%, millers are in a wait-and-watch mode as there are still five and a half months left to export the allocated quota.

Overseas dispute settlement may be treated as expense https://ift.tt/A8aniMD payment made towards settlement of overseas disputes or to prevent litigation for offences that are not serious or criminal in nature could be treated as a business expense and allowed as a deduction, the official said, adding that changes are being examined in Section 37 of the Income-Tax Act.

Cisco starts laying off over 4,000 employees https://ift.tt/bYgNfoZ to Silicon Valley Business Journal, impacted workers took to TheLayoff.com and Blind portal to post about their job cuts at the company. Impacted by Cisco layoffs!" one company employees said on Blind.

Dollar firm in calm before CPI and central bank storm https://ift.tt/Mwdyt8l U.S. dollar has been supported by high and rising interest rate expectations as the Fed has hiked its benchmark funds rate to counter inflation, leaving the currency vulnerable to selling if inflation seems to be cooling.

Govt plans to invite EoIs for divestment of RINL by Jan-end https://ift.tt/jQoms6U Steel, JSW Steel and Adani Group have shown "strong interest" in the entity during the pre-bid consultations held in early December, said people familiar with the development.

Goldman's top 4 themes to play out in global economy https://ift.tt/5PRE26L The slowdown in population growth is a 'good problem' to have, in that global population control is a necessary condition for long-term environmental sustainability, Goldman said.

ECB to raise scrutiny of banks' credit risk, funding in 2023 as recession looms https://ift.tt/Mwdyt8l 19-country currency bloc is facing the double whammy of sky-high inflation and a sharp economic downturn, largely a fallout of Russia's war in Ukraine, which has forced the ECB to tighten financing conditions even as it exacerbates economic pain.

Citi to cut as many as 50 bankers in EMEA: Sources https://ift.tt/ntYcajC declined to comment on the figure, which provides the strongest indication yet of how deep proposed cuts will run as dealmaking slumps, hit by the Ukraine war, higher interest rates and soaring inflation. Citi employs around 6,000 people across banking, capital markets and advisory activities globally.

Wait for the right opportunity to buy IT stocks: Sandip Sabharwal https://ifttt.com/images/no_image_card.pngWipro’s underperformance is understandable because they have failed to deliver even when not only the leaders TCS and Infosys, but the other smaller companies did very well.

Stock market’s defining moment arrives with CPI, Fed decision https://ift.tt/uPr0MSF after a tumultuous year that has the S&P 500 Index looking at its biggest annual loss since 2008, equity traders are prepared for one sure thing over the coming sessions: more volatility.

Fund infusion by Jan-Feb must for Vi survival https://ift.tt/6sjLbkK concerns about the carrier have been made worse as government has had no indication of fresh promoter-level equity infusion into Vi, without which it is difficult to go ahead with the conversion into equity of the telco's ₹16,130-crore accrued interest on deferred adjusted gross revenue (AGR)-related dues.

Credit market investors on watch for a Fed pivot https://ift.tt/oh4OZpz a move would mark a divergence from a series of 75 basis-point hikes this year to help tame inflation. US corporate credit primary markets are mostly stalled heading into the rate decision. High-grade syndicates desks anticipate weekly sales won't pass $5 billion, and its very possible that there could be no issuance at all.

Government may revisit GST hike on scientific equipment https://ift.tt/KhvUoE0 the July hike, the Department of Science & Technology and the Council for Scientific & Industrial Research have taken up the matter with the office of the Principal Scientific Advisor (PSA) and the finance ministry, expressing their deep concern, ET has learnt.

Nifty may test recent high once again; F&O traders can go for Bull Call Spread strategy: ICICIdirect https://ift.tt/6sjLbkK Nifty took some breather and closed a tad below 18500 levels losing 1% during the week. Despite gains of more than 0.5% from banking space, Technology stocks turned spoiler as NSEIT index declined by more than 6% last week

ETMarkets Trade Talk | Greed vs fear lesson from Mumbai’s top options trader Jitendra Jain https://ift.tt/xN4QOEX moved to the risk-first approach from the return-first approach. From that day, I trade with maximum loss in mind. If the maximum loss hits, I exit,” says Jain. The 43-year-old algo trader is a mechanical engineer by training who ran a successful digital marketing business before getting lured to the world of options trading.

Cash crops: Dutch use bitcoin mining to grow tulips https://ift.tt/8hbqBQV Bert de Groot inspects the six bitcoin miners as they perform complex sums to earn cryptocurrency, filling the air with a noisy whine along with a blast of warmth. That warmth is now heating the hothouse where rows of tulips grow, cutting the farmers' reliance on gas whose price has soared since Russia's invasion of Ukraine.

US financial conditions have eased. So far the Fed is okay with it https://ift.tt/1cpewm8 economists do expect Powell to continue to emphasize the risks of not doing enough to fight inflation rather than about going too far, with a rise in unemployment a painful but necessary part of the process.

Major oil pipeline outage to hit U.S. stockpiles, refinery supplies https://ift.tt/j3BHSMk main question continues to be the duration of the potential outage... the longer the duration, ultimately, of course means potentially tighter inventories in Cushing or heavy (crude) on the Gulf Coast," said Michael Tran, a managing director at RBC Capital markets.

Govt clears second tranche of mobile PLI sops https://ift.tt/IHe26lU manufacturers have pushed back against the government for the delay in releasing the sops under the Rs 41,000-crore scheme. "The government has been asking for more and more paperwork, delaying the release of the sops, even though the funds are there with the government," said an industry official in the know.

Sebi brings in revised norms for foreign investments in AIFs https://ift.tt/sw8LRFf may accept commitments from a government or government-related investor that does not meet the signatory condition, if the investor is a resident in the country as approved by the Indian government, Sebi said.

France to make condoms free for anyone under 25: President Emmanuel Macron https://ift.tt/Iku8hqe, who was France's youngest-ever president when he was first elected in 2017 at age 39, also promised stepped-up efforts to prevent and test for HIV and other sexually transmitted viruses.

ETMarkets Smart Talk: Railway ancillaries and MNC manufacturing stocks could do well in 2023: Pritam Deuskar https://ift.tt/WcvOXDt falling yields helped equities rally in November. In terms of inflation, input prices rose the least in 28 months, far below their long-run averages, while charge inflation eased to a nine-month low.

India inflation likely softened to nine-month low in November: Reuters Poll https://ift.tt/WcvOXDt Dec. 5-8 Reuters poll of 45 economists predicted the second consecutive decline in inflation to an annual 6.40% from 6.77% in October. Forecasts were in a 6.00%-7.02% range.

Mystery of Terra collapse deepens with possible FTX role raised https://ift.tt/WcvOXDt Terra ecosystem was helmed by the symbiotic relationship between the two tokens that was managed by lines of automated code to govern circulation. If the price of UST went above $1, traders were incentivized to swap Luna for UST at a profit, and vice versa, thus in theory keeping UST’s circulation in check.

India's Gift City may bring in variable capital companies https://ift.tt/VvDy2k7 are typically structured as corporates or trusts. The VCC is a specialised structure intended for the asset management industry specifically.

Paytm board to consider share buyback at Dec 13 meeting https://ift.tt/8eKMF54, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.

India a standout market despite growth headwinds: Pankaj Murarka https://ifttt.com/images/no_image_card.png​More importantly I believe that probably once we see global investors starting to reallocate capital to emerging markets next year once the US Fed goes on to a pause I think this time around the capital flows that India will get will be significantly higher than we have seen in any of the previous cycles.

Fundamental Radar: 5 reasons why Sumitomo Chemical could hit fresh record highs in next 1 year https://ift.tt/XQFAH0b Chemical India (SCIL) is part of Sumitomo Chemical Company (Japan) and is a leading player with a 12% share in the India agri-input market. Strong parentage offers a competitive edge in terms of technical capabilities, strong distribution, and R&D support.

Corporate Radar: Can Fin Homes to go ex-dividend, BLS International ex-bonus date & more https://ift.tt/2RAc0Ow of BLS International will trade ex-bonus in the ratio of 1:1. The record date for the same is December 10, 2022. EFC (I)’s board will meet today to consider the conversion of 95,500 convertible warrants into equity shares on a preferential basis to the promoter.

Asian stocks edge up despite global growth worries https://ift.tt/PbakqnV gains in Chinese shares came after some investors booked profits on Wednesday after the government announced sweeping changes to ease a tough anti-COVID policy that has battered the world's second-largest economy.

Gold prices steady after rising 1% overnight https://ift.tt/UfEWqeA, China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world's second-biggest economy. The Perth Mint's sales of gold products in November dropped nearly 38% from the previous month, while silver sales fell to its lowest in more than a year, the refiner said in a blog post on Wednesday.

Swiss PE to buy majority stake in Sunsure Energy for $400m https://ift.tt/PbakqnV investment in Sunsure Energy, which has historically built solar plants for commercial and industrial users, is to help transform the company into an independent power producer which will have 3 gigawatt of operational capacity and sell power directly to commercial and industrial customers.

BNP is Overweight as India's a Stable Island in a Stormy Sea: : Manishi Raychaudhuri https://ift.tt/tYhLqRF outperformance this year arises to a large extent because of North Asia getting pulled down by the twin forces of developed market demand retrenchment, which we are still in the midst of it. India and some of the pockets of South Asia 'under-outperformed' rather over the past almost 16 months now.

Stocks rally sputters as growth fears resurface https://ift.tt/426vPNA prices have been sliding with declining demand expectations and now sit more than 40% below a high of nearly $140 a barrel made shortly after Russia's invasion of Ukraine.

Gold struggles for momentum as investors await further Fed cues https://ift.tt/v9li7q3 U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter if the trend persists.

FinMin allows PSUs to invest surplus cash in debt schemes of private MFs https://ift.tt/4je2XzQ now, only public sector mutual funds - SBI, UTI, LIC and Union, among others -- were qualified to handle surplus funds of state-owned companies. Now, at least 35 private mutual funds stand to benefit.

No change likely in Nifty's March reshuffling https://ifttt.com/images/no_image_card.png"We expect the merger's completion by Q1FY24 and a few stocks currently on our radar are Pidilite (PIDI), LTIMindtree (LTIM), Ambuja Cement (ACEM) and Tata Power (TPWR)," said Abhilash Pagaria, head, Nuvama Alternative & Quant.

Morgan Stanley raises targets on PSU banks https://ifttt.com/images/no_image_card.png​​“Although we think SBI remains the best state-owned bank, we see potential for notably higher stock returns in BOI and BOB due to much cheaper valuations,” said Morgan Stanley in a client note.

World Bank ups India FY23 growth forecast https://ift.tt/v9li7q3 Indian economy is expected to grow 6.9% in the current fiscal year, news agency Reuters cited a World Bank report as saying on Tuesday, citing tightening monetary policy and high commodity prices as factors impacting the country's growth. The report sees average retail inflation at 7.1 this year.

Global slowdown: IMF calls for deeper structural reforms and orderly deleveraging https://ift.tt/pfc7YQH a detailed presentation on the world economy at the ongoing G20 Sherpa meeting in Udaipur, seen by ET, the IMF cautioned that high-frequency indicators point to a weakening global growth momentum in the fourth quarter and sought measures to support growth.

Aditya Birla Group leads race to add W owner to cart https://ift.tt/BLC5d1D The transaction will also trigger an open offer for an additional 25% of the company. If the open offer is fully bought into, the new investor could own up to 86.24% of TCNS, for Rs 3,016 crore. The current market capitalisation of TCNS Clothing is Rs 3,507.16 crore.

India's capex cycle sets the stage for a $10 trillion economy https://ift.tt/WeadzDp of this will require a sizeably higher dose of capital investments from every constituent in the economy. Gross fixed capital formation (GFCF) forms around 30% of India's GDP at $790 billion. Public and private capex are stronger, while infrastructure and industrial capex were flat over the last decade. India has witnessed a sluggish investment cycle for the past 10 years since peaking in FY11, following the recovery from the Global Financial Crisis (GFC).

ICICI Pru BAF trims equity exposure to lowest in a decade https://ift.tt/SVF12Og equity allocation of the ICICI Prudential Balanced Advantage Fund (BAF), a scheme that invests in both stocks and bonds based on stock market valuations, has been cut to 30.5% as of November 30, 2022. This is the smallest equity exposure since August 2018 when it briefly touched 30.14% and was subsequently raised to 39.7% in September.