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No longer a meme stock? ITC may hit fresh 52-week highs in 1-2 months https://ift.tt/uGZPVgv more than 2 decades, ITC has been in a price-wise to time-wise correction and from there it got its tag of meme stock on social media. But, the last year has been very different amid the strong price action as well as brokerage upgrades.

Exit Mode: FPI sales in 2022 first half at record Rs 2.1 lakh crore https://ifttt.com/images/no_image_card.png​​The selling so far in 2022 at Rs 2.1 lakh crore is the highest ever seen during the first-half of any calendar year and it is also the second-highest monthly outflow at Rs45,000 crore with the ninth straight month of selling by FPIs which began in October, totalling Rs 2.5 lakh crore of outflows during this period.

Tata Cliq likely to be integrated with Tata Neu https://ift.tt/TzdFp6G Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and appliances division has been integrated with Croma, Tatas’ flagship consumer electronics retail chain, officials said.

Rate hikes unlikely to dent demand for homes: Parekh https://ift.tt/QaY3NKG for homes is also unlikely to be impacted by interest rate increases by the Reserve Bank of India (RBI) because current interest rates on home loans are still below pre-pandemic levels. However, the rise in interest rates could impact HDFC's margins in the short term because of a lag in transmission of rates, Parekh said.

India's external debt at $620.7 billion as of March 2022 https://ift.tt/w86jQng gains due to the appreciation of the US dollar vis-à-vis Indian rupee and major currencies such as yen, SDR, and euro were placed at $ 11.7 billion. Excluding the valuation effect, external debt would have increased by $ 58.8 billion instead of $ 47.1 billion at end-March 2022 over end-March 2021.

Dollar shortage may hit companies with overseas currency borrowings https://ift.tt/sm5HFjK the increase in risk aversion and impact of monetary tightening, corporate bond spreads in the US and in emerging markets have widened despite some moderation in June 2022, as valuations increasingly reflect a weak economic outlook, RBI FSR report said.

Private banks outpace public sector peers in lending to MSMEs https://ift.tt/3hHfzBC number of fresh borrowers at 67.61 lakhs for private sector banks under the government's ECLGS scheme is three times the fresh borrowers attracted by public sector banks who managed only 22.65 lakh new borrowers. Private banks disbursed Rs 95700 crore compared to Rs 79800 crore disbursed by public sector banks, according to Reserve Bank's latest Financial Stabilty Report.

Investments from UAE face tighter scrutiny https://ift.tt/EilqPb5 funds - both new and existing - registered in the UAE are being subjected to tighter Know Your Client (KYC) documentations, while NRIs based out of Dubai and holding Indian demat accounts are getting queries from banks there seeking more documentation, including their politically exposed person (PEP) status, said people with direct knowledge of the matter.

FPIs can now trade in commodity derivatives https://ift.tt/VaSJYIs regulator said FPIs will be allowed to trade in all non-agricultural commodity derivatives and select non-agricultural benchmark indices. The regulator said, to begin with, FPIs will be allowed only in cash-settled contracts.

Data gap on climate change a hindrance to global policy making: Shaktikanta Das https://ift.tt/VaSJYIs new phase of G-20 Data Gaps Initiative (DGI) proposes climate change as a major focus area to address data gaps that have been identified as crucial for macroeconomic policy making and micro-financial stability.

India faces heat at WTO over wheat export ban https://ift.tt/VaSJYIs US, Japan, Canada and Thailand have questioned both these measures and, along with Uruguay, requested consultations with India on the usage of the peace clause for exceeding the 10% ceiling on support it offered to its rice farmers.

IRDAI cautions insurers against loading up on bonds of HDFC cos https://ift.tt/yX73gFD April, mortgage lender Housing Development Finance Corp (HDFC) proposed the merger with HDFC Bank. After the announcement, insurers wrote to their regulator Irdai on the permitted exposure limits in the individual entities.

SIAC rejects Future Group plea to terminate arbitration proceedings https://ifttt.com/images/no_image_card.png"The most important consideration for continuing the arbitration proceedings is that Amazon's claims before the tribunal are not solely based on the transaction but they are also related to breach of contract which is not a part of the transaction," said Ashish K Singh, managing partner of law firm Capstone Legal.

EC commences hearing of mining lease case against Soren, BJP seeks Jharkhand CM's disqualification https://ift.tt/MxVXuDl Former Jharkhand Chief Minister Raghubar Das of the BJP has accused Soren of "misusing his post" to get "in-principle approval" for a stone quarrying lease in his name in Ranchi district despite holding the mining portfolio, an apparent instance of corruption and conflict of interest.

BJP meets Governor seeks floor test for Uddhav government https://ift.tt/R1rWB4a Tuesday a delegation led by Maharashtra Opposition leader Devendra Fadnavis met Koshyari at Raj Bhavan and sought for a floor test claiming that the Uddhav Thackeray government has lost its majority and needs to go for a floor test.

Zomato tumbles 6% as Street cautious on Blinkit buyout https://ift.tt/NdAG1pI stock, which opened at ₹73, fell as much as 12% from the day's high before closing at ₹65.85. About 117 million shares were traded on Monday compared to an average of 43 million shares traded in the previous 10 trading sessions. On Friday, Zomato's board approved the acquisition of Blinkit (formerly Grofers) for ₹4,447 crore (about $570 million) in an all-stock deal.

Credit card additions, record high loans hint at pick-up in consumption https://ift.tt/LO3B76q be sure, a reversal in the rate trends could impact spending on borrowed funds. India's central bank has raised rates twice in the space of a month beginning early May to restrain inflation.

Simranjit Mann: Khalistan advocate back in Parliament after two decades https://ift.tt/9cNQoBg defeated his nearest rival, AAP's Gurmail Singh, by a margin of 5,822 votes, dealing a big blow to the ruling party of Punjab which had registered a landslide win in the state polls three months ago and was hoping to retain the Sangrur Lok Sabha seat for the third time.

Shiv Sena fields senior supreme court lawyer to warn the rebels https://ift.tt/DQkf4jy Sunday the Sena fielded Devadatta Kamat, Senior Supreme Court lawyer who hinted that the rebel Shiv Sena MLAs are being given wrong advice that they could exist as a separate group while supporting a BJP government. Kamat said that the rebel MLA’s will be disqualified as per existing provisions of the Anti defection law.

As market valuations turn reasonable, here’s how to invest https://ift.tt/xIa3Q8n start with, let’s address a global trend that is unfolding. India’s domestic growth appears resilient whereas developed economies are weakening as they let off the crutches from pandemic dole outs. Sequentially, high frequency data is turning worse for the US & EU whereas India is demonstrating resilience

Weekly Options Strategy: Broader consolidation likely ahead; go for Short Nifty Iron Fly https://ift.tt/SK5hGi4 the safeguard of 15,500 at downside and 15,950 upside, we feel traders can short straddle of 15,700 Call and Put and buy strangle of 15,400 Put and 16000 Call. Traders will be in profit if Nifty remains or expires between the given safeguard levels. Maximum profit for the strategy would be 11,040 while maximum loss would be 8,955.

Sensex bounces back, but rupee falls: Could this be a sign of currency appreciation? https://ift.tt/lQIdqP7 indicates that while the US dollar has appreciated by about 14 per cent compared to other global currencies, it is up by only 7 per cent against the rupee.As a result, the Indian rupee has outperformed other currencies in the broader international market.

FPIs' exodus continues; pull out Rs 46,000 cr from Indian equities in June so far https://ift.tt/VvKfpBJ inflow will only resume once there is visibility on the peak of bond yields in the US and an end to Fed rate hikes, he added.Moreover, FPIs are likely to sell more if the current trend of rising dollar and bond yields persists, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Crypto exchanges hunker down as everything goes wrong in India https://ifttt.com/images/no_image_card.png​That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.

Government notifies GST compensation cess extension to March 2026 https://ift.tt/6gmQSwv Compensation Cess is levied by the Goods and Services Tax (Compensation to States) Act 2017. The object of levying this cess is to compensate the states for the loss of revenue arising due to the implementation of GST on 1st July 2017 for a period of five years or such period as recommended by the GST Council.​

Blinkit on Zomato Plate: Board OKs Rs 4,447 crore deal https://ift.tt/pmEtyCA value 40% lower than Blinkit’s last valuation of just over $1 b; Blinkit shareholders to get about 7% in Zomato

Trai looking at easing spectrum sharing rules https://ift.tt/I5dsTgQ spectrum trading, dynamic spectrum sharing is a kind of leasing and allows telecom companies to share their unused airwaves with their peers on a real-time basis, allowing intra-circle rights, experts said.

Sebi comes out with guidelines for 'Large Value Fund' for accredited investors https://ift.tt/XvMBZxb filing the placement memorandum for LVF schemes with Sebi, a duly signed and stamped undertaking by CEO of the manager to the AIF (or person holding equivalent role or position depending on the legal structure of manager) and compliance officer of manager to the AIF need to be submitted in a prescribed format.

Modi's new Blueprint for BJP, robust organisation unlikely to wither away for decades https://ift.tt/aHSEF1h the organisational network created by the grand old party during the freedom struggle was so robust that it continues to sustain it even now. Yet, the corrosion in its organisational structure over the past decades is evident and has enfeebled its ability to win elections. Perhaps the party's increasing reliance on charm and charisma of individual leaders and families to sail it through is proving to be its nemesis.

Buy or Sell? Multibagger stock riding on 'Make in India' theme down 46% from peak! https://ift.tt/DG6n3yi brokerage Morgan Stanley, which recently downgraded the stock to underweight, said the market is ignoring multiple risks including competition, margins, and ROE contraction.

Hero Moto a buy for BofA on strong rebound prospects https://ift.tt/MwZpBvr financial services firm has based its estimate on improving two-wheeler industry demand, better supply chain, high rural exposure and scope for channel restocking with the current inventory at six weeks - lower than the typical 8-10 weeks of inventory in the run-up to the festive season.

Debenture trustees stall CCI probe, but now under Sebi lens https://ift.tt/MwZpBvr court put a temporary stay on the CCI investigation and asked Sebi to provide its opinion on the matter. The case is likely to be heard in the first week of July. An email sent to Sebi remained unanswered."While the court had asked for Sebi's views, in the meantime the market regulator has initiated a probe into the matter," said a person cited above. "Sebi has already asked the trustees to provide an extensive list of documents that explain how the pricing formula was arrived upon."

A key gauge hints at extreme bearishness https://ift.tt/nPY1wvp of the BSE-500 index, Solara Active, Dilip Buildcon, Indiabulls Real, Hikal, Indiabulls Housing, Brightcom Group, Metropolis Healthcare, Jindal Stainless, RBL Bank, and Dishman Carbogen are 48-68% away from their 200-DMAs. This means pessimism in these stocks is high. Stocks in the financial sector are furthest away from their 200-DMAs.

Softening commodity prices lift auto stocks https://ift.tt/i430EF6 value investors have already been mopping up beaten-down automobile stocks of late, helping the sector outperform the market in recent months. The BSE Auto index has gained 2.9% so far in 2022, while the benchmark Sensex is down 11.7% during the period.

HNG promoter offers Rs 1,380 cr in cash, 10% equity to lenders https://ift.tt/MwZpBvr company has deposited close to ₹110 crore with lenders to show its commitment to pay loans, the people said. Kolkata-based HNG was admitted for insolvency proceedings at the behest of DBS Bank in October last year. HNG did not respond to ET's mailed query.

IIFL Fin gets board nod for Rs 5,000-crore bond issue https://ifttt.com/images/no_image_card.png"The board of directors of the company at their meeting held today, June 23, 2022, approved the raising of funds by way of issuance of secured redeemable non-convertible debentures with the shelf limit of Rs 50,000 million, in one or more tranches,"it added.

Finance ministry red flags extending free food scheme https://ift.tt/MwZpBvr government has budgeted ₹2.07 lakh crore for food subsidies in FY23, lower than the revised ₹2.86 lakh crore for FY22. The PMGKAY extension till September is expected to swell the subsidy bill to about ₹2.87 lakh crore. Extending the scheme by a further six months could cost another ₹80,000 crore in FY23, lifting the food subsidy to nearly ₹3.7 lakh crore.

MPC acted to rein in inflation with focus on growth https://ift.tt/nNd9sC1 per the minutes, RBI Governor Shaktikanta Das said while high inflation continues to be the major concern, revival of economic activity remains steady and is gaining traction. The time is appropriate to go for a further increase in the policy rate to effectively deal with inflation and inflation expectations.

Craving for a fresh creamy ice cream made with the goodness of fresh, sweet and tangy kiwi fruit. Made with just 4 ingredients this ice cream is perfect for a sweet treat after an elaborate meal. This exotic fruit is loaded with the nutrients that are great for health and the antioxidants in kiwi help in reducing the oxidative stress caused due to the presence of free radicals. Here’s a simple recipe which you can follow and make a quick ice cream at home. INGREDIENTS 4 kiwi 3 cup heavy cream 1/4 cup sugar 1/2 teaspoon vanilla essence How to make Kiwi Ice Cream Step 1 To begin with this easy recipe, peel the outer layer of kiwis and wash them once. Next, cut them into small pieces and blend it into a smooth paste. Save some for garnishing. Keep the blend in refrigerator. Step 2 Next, take a large bowl, add the chilled heavy cream along with sugar and vanilla essence, using a hand blender whisk till it turn foamy. Step 3 Next, mix the cold frozen kiwi paste and using the ble...

Pace of earnings downgrades picks up with cost inflation, demand slowdown https://ift.tt/ZlMAWme sectors, oil & gas, healthcare, PSU banks, and consumer durables have seen the biggest earnings downgrades. Earnings per share estimates for the Nifty in FY23 have seen an increase of 0.12% to ₹882. In FY22, the Nifty delivered an EPS of ₹733, a growth of 35.2% year-on-year, the highest since FY04.

FPIs pull out a record $39 billion in nine months https://ift.tt/IbFV03D FPI outflow has reached a record high driven by the valuation discomfort and India’s high macroeconomic sensitivity to crude oil. They have been the net sellers in Asia’s third-largest economy for nine months in a row, the longest duration in more than a decade. In June so far, FPIs have sold $5.1 billion of Indian equities.

We can potentially add an HDFC Bank every five years, says CEO Jagdishan https://ifttt.com/images/no_image_card.png​​​The bank is also expected to launch additional products and services under Digital 2.0 including a new payments platform for its customers and merchants.

Wall Street gains over 2% in broad rebound https://ift.tt/ipuhF4N are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.

PVR-INOX merger gets clearance from BSE and NSE https://ift.tt/Pr8kcHy March 27 this year, PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV & V cities, besides in the developed markets.

All demat accounts need to be tagged by June-end https://ift.tt/wtHT9M7 stock broker will have to obtain permission from stock exchanges to allow tagging of such demat accounts from August 1 onwards and in turn exchanges need to grant such approval within two working days after imposing penalty as per their internal policy.

JPMorgan sees equity stress easing in second half https://ift.tt/P31StpX the Fed's so-called dot plot still suggests an aggressive pace of hikes, "if the Fed were to start delivering on expectations, rather than surprising on the upside, that could go a long way in stabilizing market sentiment," the strategists said.

MFs can again accept money in international schemes https://ift.tt/P31StpX there is no estimate of the redemptions in international schemes, mutual fund officials and distributors speculate the headroom to accept fresh flows could be low. This is because international schemes did not witness sharp outflows amid the correction.

Craving for a sumptuous quick meal, then try this delicious Grilled lobster rolls with apple and cabbage slaw. Made with the goodness of fresh ingredients, this exotic dish can be made in just a few minutes by following some simple steps given below. On this Father’s day, if you are planning to surprise your Dad with something delicious, then try this simple recipe and enjoy the day. You can also add your own twist to this dish and surprise your loved ones. Recipe by: Chef Shubham Shinh, Sous Chef at Hilton and Hilton Garden Inn Bengaluru Embassy Manyata Business Park. INGREDIENTS 15 gm butter 2 bread rolls 200 gm lobster 1 celery 1/2 cup mayonnaise 1/2 gm ice berg lettuce 30 gm purple cabbage 1 green apple 0 sea salt as required 0 black pepper as required How to make Grilled Lobster Rolls with Apple and Cabbage Slaw Step 1 To begin with this simple recipe, preheat a pan until it is really hot. In the meantime, spread butter on the bread rolls on both sides and grill on b...

Tech View: Nifty forms indecisive candle but analysts see recovery ahead https://ifttt.com/images/no_image_card.png"Moreover, in Monday's session, the Nifty50 managed to defend Friday’s low of 15,183 level. Hence, it appears that the Nifty50 is positioning itself for a pullback rally," said Mazhar Mohammed, Chartviewindia.in.

Monsoon floods kill 42 people, millions stranded in Bangladesh, India https://ift.tt/FzKkSVd the neighbouring Indian state of Assam, at least 17 people were killed during the wave of flooding that began this month, police officials said on Sunday.

Deliberate attempts being made to create confusion against Agnipath scheme: Union minister https://ifttt.com/images/no_image_card.png"Agnipath will provide the youth an opportunity to get employed and also serve the nation. However, a deliberate attempt is being made to create confusion that the scheme will ruin the previous arrangement of recruitment in the armed forces," Singh told PTI.

Sustainable recovery unlikely; short these five stocks are current levels: Ravi Singh, ShareIndia https://ift.tt/O3d5y0S increase in US rates also raises a major possibility that apart from the equity market, other markets like debt and bond markets may also see some FIIs outflow anytime soon in India, said Ravi Singh, Vice President & Head of Research, ShareIndia.

Why do startups need an IPO? Delhivery CEO Sahil Barua cites 6 reasons https://ift.tt/FzKkSVd a recently-published book 'Startup Compass', logistics startup Delhivery’s Co-founder and CEO Sahil Barua says that while going public does subject a company to the vagaries of the market, it is often easier to raise money from a large pool of public market investors than it is from a select group of private investors.

Presidential poll: Mamata Banerjee unlikely to attend opposition meet convened by Sharad Pawar on June 21 https://ift.tt/HtkJRWG senior TMC leader will be present at the proposed meeting, he said. "Mamata Banerjee will not be able to attend the meeting as she has some prior engagements. She has also conveyed it to Sharad Pawar ji. But a leader from our party will be present there," a senior TMC functionary said.

Congress holds 'Satyagraha' at Delhi's Jantar Mantar in support of Agnipath protests https://ift.tt/2d73Ttp leaders and supporters criticised the BJP-led central government and said that the Agnipath scheme is not beneficial for the country's youth and also jeopardises national security. Congress general secretary Priyanka Gandhi Vadra and party leaders Jai Ram Ramesh, Rajiv Shukla, Sachin Pilot, Salman Khurshid and Alka Lamba took part in the 'Satyagraha'.

Central banks walk inflation-recession tightrope https://ift.tt/vWI2lfH this past week, the US Federal Reserve announced its biggest interest rate hike in almost 30 years, followed by the fifth straight increase by the Bank of England and the first in 15 years in Switzerland.

UP: 163 inmates lodged in jails clear 10th and 12th board exams https://ift.tt/NsbQ3AB per UP board officials, a total of 103 inmates appeared in the Class 10th exam from 12 district jails, 95 of which cleared the exam with a pass percentage of 92.23.

These BSE500 stocks down up to 15-28% as bears tightened grip on D-Street https://ifttt.com/images/no_image_card.png"Markets are largely taking cues from the global markets, in absence of any major domestic event. And, going ahead, the US Fed chairman's speech and China's interest rate decision would be important triggers for the markets. On the domestic front, the COVID trend and the progress of the monsoon will also be in focus. We reiterate our negative view on markets and suggest continuing with the “sell on rise” approach, said Mr. Ajit Mishra, VP - Research, Religare Broking.

As diversification takes spotlight for India Inc, here’s what equity investors should do https://ift.tt/qQRM4Cw fact, such a plan, especially when it is in a sector where the company doesn’t have core competency may even become a distraction and may also paralyze it from making any other investment that could reap higher rewards. Another spillover of such plans is that they tend to intensify the competition and cause FOMO among the existing players, which eventually leads to more capex than required.

 How To Compose Last Working Day Email Hello, I hope you are having a great day! I am writing to remind you that it is the last working day before the weekend. Please do not forget to take care of any unfinished work and make sure all your files are backed up! Have a wonderful weekend! Effective email writing is an art form that can leave a lasting impression. If you want your email to be read and responded to, make sure you follow these guidelines: Layout and design are important too. Make sure your email consists of a well-designed layout that is easy on the eye. Follow these tips to make your email look great: Writing effective emails takes time, effort, and practice. However, with these simple guidelines at hand, writing your last working day email will be a breeze. Here are some examples of effective emails that include detailed instructions, tips, and examples. In this email, the author provides tips on what to include in a last working day email and discusses the importance ...

Guidance to search best job in the world The best job search in the world is not an easy task. It takes time, dedication, and effort to find a good job that suits your skills, personality, and career goals. There are many things you need to do when looking for a new job: research different jobs through various resources such as newspapers, online articles, or company websites; network with people at work or outside of work; attend career fairs or networking events; write targeted resumes that highlight your skills and experience relevant to the position you are applying for; attend interviews so that you can show off your interviewing skills and talk about why you would be a great fit for the position. I am writing this essay because I want to share some of the things I did to find a job that I am really happy with. I believe that everyone deserves a good job and this is why I am sharing what I went through to get the best job possible. The first and most important step was to take t...

Top 5 ways in which investors could manage money in times of rising inflation https://ift.tt/vWfmeTL is simply a rise in the prices of goods and services. It is increasing day by day, and so is your cost of living. As per the government data, it’s 7.79 per cent which is calculated considering the basic needs of an individual.First, it’s important to understand what inflation is.

Big Movers: What should investors do with SPARC, Delta Corp and M&M? https://ift.tt/KFm1xt8 that were in focus on Thursday included names like Sun Pharma Advanced Research Company (SPARC) which fell more than 8 per cent, Delta Corp which was down over 7 per cent, and M&M which lost nearly 2 per cent.

Like in past, will markets rise soon after Fed move? https://ifttt.com/images/no_image_card.png​​Between December 2015 and December 2018, the Fed increased rates by 200 basis points. During this period, the Nifty gained nearly 40%, while the Dow Jones index gained 31%. Between March and December 2018, the Fed rate went up by 100 bps, and the Nifty gained nearly 9%.

Time to start buying stocks in a staggered manner https://ift.tt/Pyo8nSZ managers are selectively bullish on bank and IT stocks in the large-cap space. Within debt, mutual fund schemes that bet on medium- to long-term bonds could be good investment options over the next few months

Big Fed serve may push RBI to step up its game https://ift.tt/Egzbea6 said increments of 25 basis points each will not work now and the RBI will have to go for a higher 50 basis point move to have any effect on prices. What that means is the yield on the benchmark bond is set to increase, possibly impacting government borrowing.

LIC seeks buyers for Rs 3,400 crore RCap bonds https://ift.tt/EQ32YHL Capital Markets (IDBI Caps), the insurance company's process advisor for the sale of the bonds, has invited expressions of interest (EoIs) from asset reconstruction companies (ARCs) by the evening of July 11. The EoIs will be followed by an auction, although IDBI Caps has not specified any details of this in the notice inviting EoIs.

SAT quashes Sebi order derecognising ICEX https://ift.tt/WKXTcbQ has given ICEX one year to bring in the required funds and meet Sebi norms. However, until the net worth criteria are met, ICEX has been asked to keep its trading operations closed. ICEX had voluntarily closed its trading operations in March 2022 and currently is only offering mutual fund-related products.

RBI lifts business restrictions on Mastercard https://ift.tt/7DR3dPX had imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021 for non-compliance with the RBI circular.

MS, Jefferies expect GAIL shares to rise, margin gains likely https://ift.tt/RLT4pKU shares have risen 12.4% since January as against the 11% decline in the Nifty. Morgan Stanley said GAIL's valuation - measured by price to earnings (PE)ratio - at 8 times FY23 estimated earnings is not only attractive but also has the tailwind of an earnings upgrade cycle as clarity on certain pipeline tariffs emerges.

NBFC-MFIs set to tap capital market https://ift.tt/da6zk07 one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement basis, people tracking the sector said.Fusion Micro Finance’s proposed IPO consists of a fresh issue of shares worth Rs 600 crore.

FPI outflow tops Rs 2 lakh crore, over double of 2018 high https://ift.tt/T1FSzZW foreign fund outflow from India in 2022 has crossed the Rs 2-lakh-crore mark, the biggest annual figure ever and more than double the previous high of Rs 80,917 crore recorded in 2018. Of the total, over 90%, or about Rs 1.9 lakh crore, was because of selling by foreign portfolio investors (FPIs) in the stock market, data from CDSL showed.

Is the US economy on a tailspin into recession? https://ift.tt/PJvKIib and big-time hedge fund investor Leon Cooperman says the US economy will go into a recession and stocks will fall much further. He told CNBC Tuesday the S&P 500 would fall 40 per cent in total from peak to trough. He said the index might not bounce back until it hits 3,000 - 20 per cent below Monday's close.

Karnataka MLC polls: BJP, Congress win 1 teachers' seat each, counting on for 2 graduates' constituencies https://ift.tt/Ef7t0Td Graduates', South Graduates', North-West Teachers', and West Teachers' constituencies went for polls on Monday, witnessing an overall voter turnout of 71.01 per cent.

All you need to know about Hybrid Mutual Funds https://ift.tt/PXTi87w eyeing a mix of different asset classes in a single scheme can consider investing in hybrid funds. They often invest in a single fund that combines different asset classes — equity, gold and fixed income — to optimise returns.

US stocks end mostly lower as markets await Fed rate hike https://ifttt.com/images/no_image_card.png"It looks like it's going to be a 75 basis point hike," said Quincy Krosby, chief equity strategist of LPL Financial. "We haven't seen any sign that the Fed wanted to clarify this expectation. In fact, if the Fed stayed with a 50 basis point hike, the market could be disappointed."

Anand Mahindra, Srinivasan among others on RBI board https://ift.tt/8XkcJwA government appointed Anand Mahindra, Ravindra Dholakia, Venu Srinivasan as a part time non-official Directors on the Central Board of Reserve Bank of India on June 14.

Review compliance on govt housing, infra project financing: RBI to banks https://ift.tt/N0T5e2M a circular, the RBI said it has come across instances where banks have not been strictly complying with extant instructions on assessment of commercial viability, ascertainment of revenue streams for debt servicing obligations and monitoring of end use of funds in respect of their financing of infrastructure/ housing projects of government-owned entities.

India, Russia apex banks to work on payment system this week https://ift.tt/INzV230 two sides will meet to discuss payment solutions such as Loro or Nostro accounts. The first is a third-party account, where a bank holds an account in a country for another bank.

Zerodha founder Nithin Kamath’s next mission: Consolidate dad’s portfolio https://ifttt.com/images/no_image_card.png“I'm sure many Indians must be facing the same problem, just like my dad. As a first step towards attempting to solve it, we are helping our customers have a consolidated family portfolio view across Zerodha accounts,” the billionaire stock broker said on Twitter.

Tech View: Nifty50 forms 'Inverted Hammer', recovery possible https://ift.tt/EouV7nZ Taparia of Motilal Oswal Securities said that Bank Nifty opened negative but managed to respect its multiple support near 33,000-33,100 zones and bounced towards 33,600 levels.

Maker of Xiaomi and Nokia phones Bharat FIH gets nod for Rs 5,000 cr IPO https://ifttt.com/images/no_image_card.png"While we have historically been able to finance our capital expenditure through equity contributions from the promoter selling shareholder, Wonderful Stars, this may not be the case once we are a publicly-listed company. We will have to finance our future growth from internal accruals and through external debt financing and equity fund raising," the company said in its DRHP.

Companies with high ROEs could make for better bets https://ift.tt/i8lAEFR investors brace for earnings downgrades over the next few quarters, the focus is likely to be on companies with stronger profitability track record. Out of the top 1,000 Indian stocks by market capitalisation, 26 have posted a return on equity (ROE) - a measure of companies' use of shareholder money - of more than 25% each in the last five years.

Overnight funds back in demand as interest rates start to firm up https://ift.tt/vxMeAHl funds - considered the safest category among debt mutual funds - are witnessing fresh interest from investors looking to shuffle their portfolios. With the stock market facing headwinds and interest rates expected to rise further, investors are parking money in overnight funds, where returns have increased to almost 5% from an average of 3% a few months ago.

RBL stock tanks over 22% as Street weighs new CEO's 'compatibility' https://ifttt.com/images/no_image_card.png"Although RBL Bank has addressed the investors' concern over asset quality trend and stability of liability franchise to a great extent over the last two quarters, the appointment of a PSU career banker as MD & CEO looks disappointing prima facie," said Asutosh Mishra, head of research, Ashika Institutional Equity, while suspending coverage on the bank until further clarity.

Auto debit bounce rates plunge to 3-year low in May https://ift.tt/bmgWGa0 statistics from the National Automated Clearing House (NACH) from the National Payments Corp of India (NPCI) show that failure rates on recurring payments for monthly loan instalments or frequent transactions like insurance payments fell to 22% by value and 29% by volume in May 2022, lower than the levels seen before the Covid pandemic.

Bond yield surges to 3.5 year high https://ift.tt/INzV230 benchmark gauge may correct a bit as the local inflation gauge did not spring any ugly surprises in May," he said.The US Treasury benchmark surged 31 basis points this month to yield 3.26%. Back home, the Consumer Price Index rose 7% in May.

Rupee plunges to all-time low, breaches 78/$1 level for first time https://ift.tt/FoceCMl partially convertible rupee weakened past the 78/$1 mark for the first time ever and was last trading at 78.2130/$1. The Indian currency had settled at 77.8325/$1 on Friday. “Rupee to trade in a range of 77.80 to 78.20 as US inflation comes higher at 8.3 per cent making the expectation of a 75 basis point hike in September a reality,” Finrex Treasury Advisors Head of Treasury Anil Kumar Bhansali said.

Stock Radar: M&M rallies 40% in 3 months; could surpass Rs 1,200 level https://ift.tt/FoceCMl automobile stock is cruising along nicely even though the market mood seems to be on the downside. The stock with a market capitalization of Rs 1.2 lakh cr hit a fresh 52-week high of Rs 1057 on 2 June 2022.

Volatility in global markets, Fed's hawkish tone to weigh on Dalal Street https://ifttt.com/images/no_image_card.png"As central banks' normalisation efforts have to catch up with deteriorating expectations, financial conditions are tightening sharply, suggesting that real economic variables could deteriorate more rapidly in the coming months."

Nifty to find support at 16,000 amid high volatility https://ift.tt/v4fZ3dS and derivative analysts expect the Nifty to find support at 16,000-16,100 levels. The Nifty fell 2.3% last week to close at 16,201.80, underperforming most Asian peers. The Nifty may face a hurdle around 16,400 on the higher side, said analysts.

Banks, auto and IT top buys of fund managers in May https://ifttt.com/images/no_image_card.png​​Large banks have also seen buying on cheaper valuations. Some fund managers also bought into select companies that have gained market share like InterGlobe Aviation and Inox Leisure, which are seen among the top beneficiaries of the re-opening trades

LIC shares may face pressure as anchor lock-in ends today https://ift.tt/FoceCMl stock fell over the past nine consecutive sessions - from ₹837 to ₹709.70 on Friday. Analysts expect a further correction in the stock, and according to them, the low made on the first day of trade after the lock-in period may act as a support for a fundamentally sound business.

Low equity MF redemptions in May could be a sign of rising investor confidence https://ift.tt/Oek9qmu MFs saw redemptions fall to ₹13,089 crore in May, the lowest in the past 25 months, showed data from the Association of Mutual Funds in India (AMFI). This pushed the gross buy-to-sell ratio of equity MFs to 2.42 times in May, compared with the long-term average of 1.48. It is the second-highest reading since data became available with the AMFI.

FPIs pull out Rs 14,000-cr from Indian equities in June on global, domestic concerns https://ift.tt/bahAdIP to the data, foreign investors withdrew a net amount of Rs 13,888 crore from equities during June 1-10. FPIs have been incessantly withdrawing money from Indian equities since October 2021.Nair attributed the latest FPI outflow to anticipation of a hawkish Federal Reserve meeting.

Inflation data, US Fed meeting among six key factors that may guide markets this week https://ift.tt/XtxU4Cp have net sold Rs 13,888 crore worth of stocks so far in June, NSDL data showed. "Basically, the foreigners have taken a view that Indian markets continue to be relatively overvalued in the face of rising inflation and rising global interest rates and they are sellers on all days,” Deepak Jasani, Head of Research - Retail, at HDFC Securities said.

The stock market’s biggest fear these days: Strong economic data https://ift.tt/Ekhbo4Q markets declined because the idea is that as long as the labor market remains strong, as long as economic activity is moving above what I think consensus estimates are, it implies that the Fed may have to raise interest rates more aggressively.As we move through the next couple weeks and couple months, data that come in hotter than expected, you would expect that the market would greet that more negatively.

Oil consumers face a summer of pain as China starts coming back to market https://ift.tt/xCFOfib of Wall Street shares the bullish take. This week, Goldman Sachs Group Inc. said it expects Brent to peak at $140 a barrel in the coming months. Morgan Stanley said its most bullish scenario of $150 could be moved higher. The record for Brent is $147.50, set in July 2008.

Not only people, even MVA MLAs disappointed with Maharashtra govt: Fadnavis after BJP's win in RS polls https://ift.tt/6dqktin bitter contest for the six seats of the Rajya Sabha that went to the wire saw three candidates of the BJP - Piyush Goyal, Anil Bonde and Mahadik - winning. The Shiv Sena (Sanjay Raut), NCP (Praful Patel) and Congress (Imran Pratapgarhi) came out victorious on one seat each. The contest was for the sixth seat - between BJP's Mahadik and Sena's Pawar, who lost.

Bangladesh government under pressure to act on Prophet remarks row: Ruling Awami League leader https://ift.tt/8oyKmqR Goulam Moula Naqshbandi, Chairman of the Religious Affairs Sub-Committee of the ruling Awami League and a member of the Advisory Committee, also said that disruptive forces try to take advantage of such a situation to disturb law and order in Muslim majority Bangladesh.

Amid turbulent times, even star PMS fund managers are losing money in stocks https://ift.tt/pcdliKU the headline index Nifty50 lost 3.03 per cent in May, the selloff was sharper in the broader market. Nifty Midcap 100 lost 5.33 per cent and Nifty Smallcap 100 slipped 10.2 per cent during the period.

How inflation may change where you put your cash https://ift.tt/dRe6Jhr funds are a convenient place for both individual investors and big institutions to keep money temporarily. Their yields have been very low for years, and since the crisis of March 2020, they had hovered near zero, paying investors virtually nothing.

Emerging markets such as China and India will grow old before they grow rich https://ift.tt/w9juCiP markets are growing old before growing rich. EMs are where ageing is happening fastest. By 2050, EMs will be home to almost 80% of the world's population aged 65 and over, out of which more than 23% is due to China alone.

Dashed peak inflation hopes spell more pain for stocks and bonds https://ifttt.com/images/no_image_card.png"Today, the inflation data was disappointing. Many hopes for a peak are now dashed," said Ryan Detrick, chief market strategist at LPL Financial. "The fears over inflation and the potential impact of profits in Corporate America are adding to the worries for investors here."

Nifty earnings have so far weathered the global storm, but can RBI rate hikes derail the story? https://ift.tt/M1lSvnA growth at the Nifty level excluding financials was at 9.8 per cent quarter-on-quarter and 24 per cent on a yearly basis, ICICI Securities said in a recent note. The bottom line grew at a healthy 14 per cent year-on-year, the brokerage said.

May equity MF inflows rise despite turmoil https://ift.tt/laIsLDh funds saw the highest collection of ₹2,939 crore in May, followed by large-cap and large-and-mid-cap categories, which got inflows to the tune of ₹2,485 crore and ₹2,413 crore, respectively. Low-cost passive funds, which include both equity and debt funds, saw inflows of ₹5,723 crore.

Most rated companies have buffers to withstand further 10-15% rupee depreciation, says Moody's https://ift.tt/6JtVhX1 rupee's depreciation is credit negative for companies that generate revenue in rupees but rely heavily on US dollar debt to fund operations, as well as for those with significant dollar-based costs, such as raw materials and capital spending. However, the negative credit implications for rated companies will be limited.

Interest rate hike benefits still elude term depositors https://ift.tt/As9Guhl maturing in two, three and five years are offering 89-151 basis points less than similar maturity govt bonds. The differentials are the widest since 2014, show data compiled by ETIG, updated until June 8.

Sebi tweaks cyber security, cyber resilience framework for AMCs https://ift.tt/YoBT6CR, business-critical systems, internet-facing applications/systems, systems containing sensitive data, sensitive personal data, sensitive financial data, and personally identifiable information data, among others, should all be considered critical assets.

Tech View: Nifty forms bullish engulfing candle, index all set to leap towards 16,800 https://ift.tt/vNrMBpU daily momentum indicator has been in bullish mode, whereas the hourly momentum indicator developed a positive divergence and started a new cycle on the upside. This suggests that the Nifty50 is set for a leap towards the junction of the swing high and the daily upper Bollinger Band, which is near 16,800,” said Ratnaparkhi.

FIRs after analysis of social media; Notices to companies for details shortly, says Delhi Police https://ift.tt/b8vk1AF were registered under sections 153 (wantonly giving provocation with intent to cause riot), 295 (injuring or defiling place of worship with intent to insult religion of any class), 505 (statements conducing to public mischief) of the Indian Penal Code, officials said.

Parag Parikh Flexi Cap Fund picks up another anti-ESG stock https://ift.tt/G6Q5H3y the portfolio of 22 stocks, ITC is the largest holding with 8.9 per cent. Other major investments include Bajaj Holdings & Investment, HDFC, ICICI Bank, Hero Moto, HCL Tech, Axis Bank and Power Grid Corporation of India.The latest entrant in the portfolio, Coal India, however, forms just 0.16 per cent of the portfolio.

The giant awakens! ITC has been on roll this year and could see up to 30% further upside https://ift.tt/uReUc18 of FMCG major hit a 52-week high of Rs 282.35 apiece in May and have risen 23 per cent so far this year. The recent rally in the share prices has been accompanied by an increase in exposure by foreign portfolio investors (FPIs) on the counter after four quarters of selling. Market experts are now overweight on the stock and believe it is in a bull trend and will continue to outperform.

At 6.7%, RBI's inflation forecast could be an optimistic one https://ift.tt/J9wl4CS as RBI has retained its growth forecast for FY23 at 7.2%, it has raised the inflation forecast by 220 basis points to 6.7% for FY23 above its tolerance band of 2-6%.

Asian shares slip, bond yields rise as investors await ECB https://ifttt.com/images/no_image_card.png"It's the most exciting meeting since (Christine Lagarde) has been at the helm, since Draghi was here - 'whatever it takes'."

Home and car loan EMIs to pinch more post repo hike https://ift.tt/DhEgnjW all banks will automatically pass on the entire repo rate increase to customers who had availed of loans linked to external benchmarks, in the case of Marginal Cost of funds-based Lending Rate (MCLR) and fixed rate loans, their asset liability committees are expected to take a call on the quantum of the hike.

Oil hovers near 13-week high on robust U.S. demand, China optimism https://ift.tt/vNrMBpU United States posted a record fall in strategic crude reserves even as commercial stocks rose last week, data from the Energy Information Administration (EIA) showed on Wednesday.

RBI gives co-operative banks a wider canvas https://ifttt.com/images/no_image_card.png“Taking into account the increase in housing prices, it has been decided to increase the existing limits on individual housing loans by cooperative banks” the Reserve Bank said in its statement on regulatory and developmental policies.

Asian markets track Wall Street rally, boosted by China hopes https://ift.tt/uGL0OTf improved mood around tech has come after a report this week said China was close to ending a probe into ride-hailing app Didi Global and restoring its main apps this week.

Yen slides as Europe braces for rate hikes https://ift.tt/uGL0OTf yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra easy monetary policy.

Analysts bearish on cement as costs rise https://ift.tt/1fblTpe said elevated costs and a change in industry dynamics remain key factors to watch. "We expect the full impact of cost inflation to be reflected in earnings in the first half of FY23. We forecast FY23 industry demand growth of 7% year-on-year and profitability to fall 13% year-on-year," said CLSA.

Shaken & stirred: Bond yields rise at fastest pace since 2008 https://ift.tt/GkdUlLT bond yields are rising at the fastest pace since the 2008 global financial crisis as investors bake in the likelihood of stubborn inflation and higher-than-budgeted government borrowing, outcomes that could prompt the central bank to raise policy rates more quickly than initially anticipated.

HDFC Bank hikes MCLR by 35 bps https://ift.tt/TWHsJSD, vehicle, personal, and other loans will all become more expensive as a result of this hike. Bank customers would see higher equivalent monthly payments (EMI) for a variety of loans.

Home loan market will double, HDFC merger will help scale up business: Chairman Deepak Parekh https://ift.tt/B4pvOcX said that the home loan market in India is estimated at slightly over $ 300 billion, at a mortgage to GDP ratio of just 11% currently, but favourable conditions like rising income levels, improved affordability and fiscal support augur well for the demand for homes.

Bonds slide, yen dumped as interest rate hikes loom https://ift.tt/gX4ysF8 dollar added another 0.6% against the yen on Tuesday to touch 132.75, its highest since 2002, as the Bank of Japan is a standout laggard while the rest of the world moves to try and hit inflation hard with interest rate hikes.

India’s share in global market cap at a decade high of 3.1 per cent https://ifttt.com/images/no_image_card.pngIndia’s outperformance is largely on account of unabated buying by domestic investors. They have cumulatively deployed $34 billion in Indian equities over the past year, while overseas investors have pulled out $25 billion.

Centre working on GST dispute resolution system https://ift.tt/dBIxWVO includes setting up a dispute redressal bench with representation from states, the Centre, and independent law and tax experts

UK PM Boris Johnson scrapes win in party confidence vote over 'partygate' https://ift.tt/T6Hy2qu, who scored a sweeping election victory in 2019, has been under increasing pressure after he and staff held alcohol-fuelled parties in his Downing Street office and residence when Britain was under lockdowns to tackle the COVID-19 pandemic.