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Bond forwards set to clear many grey areas for banks, insurers https://ift.tt/ryBhN85 of bond forwards, which are derivative contracts between two counterparties to buy and sell a specific security on a future date at a predetermined price, will also bring more depth in the country's bond pricing benchmarks in line with advanced economies.

What could be the big themes for 2024? Pawan Parakh answers https://ift.tt/hZL9zXl Parakh says: “Banks are one space which should bounce back in the next calendar year. Apart from that, the capex cycle recovery is a theme which is very strong out here. So, industrials, infrastructure is another theme which we think should continue to do well and when I say that, I also include a lot of these allied spaces like power, power ancillary, defence kind of stocks.”

Yearender 2023: As Israel-Hamas conflict drags on, children of war on both sides of Gaza fall out of focus https://ift.tt/hPUWEcq has been widely reported and well documented, Israel declared war on Hamas after suffering, arguably the worst terror attack on its soil on October 7 as armed fighters from the Palestinian terror group raided the country by land, air and sea, snuffing out lives which, according to official Israeli estimates, was pegged at 1,200.

Indian banks shrug off multiple headwinds https://ift.tt/EdQly8R assessment of notional losses in the HTM portfolio - which it started publishing recently - assumes significance in light of the collapse of the Silicon Valley Bank and a few other US-based lenders in March 2023, stressed by huge losses incurred on holdings of American bonds.

South Africa launches case at top UN court accusing Israel of genocide in Gaza https://ift.tt/9JqVeNY Israeli government "rejected with disgust" the South African genocide accusations, calling it a "blood libel." A Foreign Ministry statement said the case lacks a legal foundation and constitutes a "vile exploitation and cheapening" of the court.

As states dump Donald Trump from primary ballots -- can he run in 2024? https://ift.tt/QFyKUTo multiple US states hearing challenges to Donald Trump's right to run in the 2024 election, his supporters claim his enemies are tearing up democracy to prevent his return to the White House. - The effect of the bans - Even if the Colorado and Maine bans stand, front-running Trump is expected to be able to secure the Republican nomination comfortably without those states, so his path to the White House would not necessarily be impeded.

Solvency ratio of three state non-life insurers below par https://ift.tt/9JqVeNY Reserve Bank of India's latest Financial Stability Report reveals that three state-owned insurance companies are not meeting regulatory solvency requirements. The solvency ratio for public sector non-life insurers is sub-optimal, with three out of four recording ratios below the baseline of 150% set by the Insurance Regulatory and Development Authority of India. However, the report indicates that the solvency ratio for life insurance companies, both public and private, remains above the prescribed threshold at an aggregate level.

Urban Co-op banks need to strengthen governance quality https://ift.tt/pxw8J3g Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.

Why newbie F&O traders are making losses https://ift.tt/7k1xcwU than half of the survey participants of traders surveyed claimed they buy more to average out their losses in trades, said Sharekhan, terming the findings of its ‘Serious About The Markets’ pan-India study a ‘worrying’ trend.

Surging corporate profits to help ease RBI's inflation fight https://ift.tt/Ldxb0gm companies have lately boosted margins from the 2020 trough, but volumes have consistently trailed the exponential growth in operating profitability. India's corporate profits to gross domestic product (GDP) ratio, which had fallen to below 2.5% toward the end of the last decade on deteriorating bank assets and higher input costs, has since recovered to near 4%. That's still about a quarter below the levels seen before the 2008 global financial crisis.

Goldman's painful lesson on China forces rethink of emerging markets https://ift.tt/MfF7k3I the beginning of the year, Goldman was among the chorus of Wall Street banks pinning their hopes for a bright 2023 in part on recovery in China, with strategists including Kinger Lau predicting a 15% rally in the Chinese stock market. The expectation was that a bounce in the world's second-largest economy would be the wave that lifted all boats, helping emerging markets globally to a banner year.

AstraZeneca to Buy China's Gracell Bio for up to $1.2 Billion https://ift.tt/DujJaOk cash deal, which adds several experimental therapies to AstraZeneca's portfolio, values Gracell at $2 per ordinary share, or $10 per ADS of Gracell, plus a non-tradable contingent value right of $0.30 per ordinary share, if certain regulatory milestones are met.

India's resilient economy seen expanding 6.7% in FY24 https://ifttt.com/images/no_image_card.png"India's growth has remained largely resilient in the face of external headwinds," said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics, Barclays. Last month's release of second quarter numbers led to a spate of forecast revisions for the fiscal year. Ratings agency Fitch expects the economy to grow 6.9% in FY24, compared with 6.5% projected earlier.

RBI may not have to drain cash further as core liquidity declines https://ift.tt/kH4JWxE ₹2.23 lakh crore as on December 15, the core liquidity has declined sharply from the peak surplus of ₹12 lakh crore from September to October of 2021 during the post-Covid phase in which the RBI had infused large amounts of funds into the banking system to ensure flow of credit to productive sectors during the crisis, analysts said.

Re-rating on cards for PSU Banks; SBI, Bank of Baroda can give 25% return in 2024 https://ift.tt/r3LfcWH the banking sector, deposit growth has remained sluggish in the past few years but has seen some growth revival in the past few quarters. The uptick in deposit growth is mainly attributed to higher interest rates offered by banks and their intense efforts in mobilizing deposits.

We have gone from a slightly more cautious to a more bullish outlook: Ashi Anand https://ift.tt/2mQ415s Anand says: “From the longer-term perspective, we are very positive on discretionary consumption. Just over the slightly shorter term, we are seeing some amount of base effect having caught up. While rural consumers who have been weak for some time are coming back, in urban consumer part, we are seeing certain pockets of weakness.”

Grim Christmas Eve in Bethlehem as war rages in Gaza https://ift.tt/4o5WJVD celebrations were effectively cancelled in the occupied West Bank city of Bethlehem, revered as the birthplace of Jesus Christ, where the Latin patriarch offered a message of solidarity with the Palestinians of Gaza.

Forget the top 5, these stocks were the biggest movers in the S&P 500 in 2023 https://ift.tt/5Duck37 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down on average nine places this year, tied for the most since at least 2013 and almost double in 2019. And that volatility comes even as the median valuation gap between each company in the top 50 has more than doubled to $7 billion since 2013.

Year-ender 2023: Impressive 13% returns for gold. Is this its best show in 10 years? https://ift.tt/KGSxiWP Gold has returned higher returns than Comex gold, when it came to peer-to-peer comparison, said Anuj Gupta, Head Commodity & Currency, HDFC Securities informed. On the YTD basis, the net gains by MCX gold is 13.55% while those by Comex are slightly lower at 11.70%. Yellow metal futures on MCX hit the lifetime high Rs 64,063 in 2023 while testing this year's low of Rs 54,771. This translates into Rs 9,200 price range that it has traversed.

FII action, IPO listings among 10 factors to drive D-Street action this week https://ift.tt/XTuzaIn When stock markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. The underlying tone of the market remains positive. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday.

Year-ender 2023: Who all moved my stocks in a record-breaking year? https://ift.tt/4QzR0sY 2023: This tug-of-war between the bulls and the bears on Dalal Street was influenced by a zillion factors that unfolded during the course of the year. In this special year-ender 2023 section, ETMarkets has tried and wrapped all of those events. So, let’s do a recap of all of those movers and shakers on D-Street.

49 smallcaps deliver double-digit weekly gains in volatile market. What should investors do? https://ift.tt/8yTi1J9 Jeweller was the top gainer in the smallcap pack with nearly 60% return, followed by Salsar Techno (31.6%), Gallantt Ispat (28%), and Sangam (26%).

Holiday-shortened next week to see gold finishing 2023 on a high note https://ift.tt/aJLlrUk into the final week of 2023 and watching the start of 2024, most of the markets are likely to observe thin volume due to the holiday-curtailed week.

Azad Engineering IPO allotment soon. Check date, GMP and other details https://ift.tt/x8kleib are positive about the company over its strong financial track record and superior outlook on growth. "We expect Azad to trade at a premium to peers post the listing," said Nirmal Bang.

Karti Chidambaram appears before ED in money laundering case https://ifttt.com/images/no_image_card.png​​ The ED case pertains to the allegations of Rs 50 lakh being paid as kickbacks to Karti and his close associate S Bhaskararaman by a top executive of the Vedanta group company Talwandi Sabo Power Ltd. (TSPL), which was setting up a power plant in Punjab, according to the Central Bureau of Investigation (CBI) FIR.

AMFI's methodology to classify small caps may face challenges https://ift.tt/EGzVFca market capitalisation of stocks in the small-cap category, as per the existing formula, surpasses $3 billion (₹25,000 crore), deviating from the global average range of $300 million to $2 billion, said a report by ICICI Securities.

Red sea conflict may make basmati rice exports costlier https://ift.tt/QfmkEMz, overall exports face a shortfall of about $4-5 billion this year after India curbed exports of wheat, rice and sugar amid rising prices though the growth in exports of other farm commodities will offset the export deficit.

SAT overturns Sebi order in Karvy case https://ifttt.com/images/no_image_card.png​The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and Exchange Board of India (Sebi) to restore the pledge in favour of the other banks within four weeks and also compensate them.

Blackstone sells Rs 6,172-crore stake in Embassy REIT https://ift.tt/HOajPk6 transactions involved sale of units at ₹316 each, amounting to a total deal value of ₹6,172 crore.

Chinese mourners use AI to digitally resurrect the dead https://ift.tt/kr6mMoh a quiet cemetery in eastern China, bereaved father Seakoo Wu pulls out his phone, places it on a gravestone and plays a recording of his son. Bereaved father Wu said Xuanmo "probably would have been willing" to be digitally revived.

IIFL Samasta raises Rs 607 crore via maiden bond issue https://ift.tt/np1NSJ5 this round, the NBCF-MFI mobilised over three times the base issue of Rs 200 crore even as it was aiming to raise up to Rs 1,000 crore through an option to retain oversubscription up to Rs 800 crore over the base size

Fed’s pivot is forcing stock-market skeptics to become believers https://ift.tt/XAOxnIf admissions from these usually gloomy forecasters mark a turning point after they advised clients to stay cautious on US stocks this year — even as the market surged toward double-digit gains that have left major indexes at or near record highs.

Azad Engineering is well-placed to take advantage of rising demand https://ift.tt/GK0ZdJb Hyderabad-based Azad Engineering started operations in 2008 and it makes airfoil blades used in turbines for power generation to improve efficiency. Azad is the most recent entrant in the global supply chain which has not seen a new supplier for many years.

Listed small finance banks on a high with better asset quality, profitability https://ift.tt/JWNAE9D and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.

There’s no missing the bus in market; metals a contra bet: Sandip Sabharwal https://ifttt.com/images/no_image_card.png“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.”

Familiar names throw their hats in 2024 IPO market revival ring https://ift.tt/CbhK3Sn bankers remain broadly upbeat about 2024, even they admit that after months of headfakes failed to sustain activity, a true return to health could take months. "It would be premature to say that there's a normalized IPO market right around the corner," said Eddie Molloy, Morgan Stanley's co-head of equity capital markets Americas.

Split money across two SGB tranches, gold prices have support, say Analysts https://ift.tt/ONRELSe third tranche of the SGB in this financial year is available for subscription December 18-22, while the fourth will open in February. Investors will have to pay ₹6,149 per gram of gold after a discount of ₹50 per gram for digital payments. This is ₹276 per gram higher than the price during the second tranche in September 2023 (₹5,873).

RIL biggest wealth creator from 2018 to 2023: Study https://ifttt.com/images/no_image_card.png"A low-profile company, Lloyds Metals, has emerged the fastest wealth creator with 2018-23 price CAGR of 79 per cent," it said. Adani Enterprises Ltd, the flagship incubator firm of the Adani Group, is a close second with a CAGR of 78 per cent

Better margins, lower valuation than peers make Happy Forgings IPO a good bet https://ift.tt/ONRELSe share of machined parts - a segment that enjoys higher realisation in forging - in the company's total volume has been consistently increasing and it has been able to source raw materials at a lower rate. This helped Happy Forgings enjoy the highest operating margin among peers.

Raining Dollars! FIIs pump in $2.6 billion into Dalal Street in just 5 days; will the frenzy last? https://ift.tt/ONRELSe biggest immunity shot for FPIs in the week gone by was a dovish US Federal Reserve as the central bank guided for interest rate cuts in 2024 after tightening them for more than a year.

Corporate actions this week: Easy Trip Planners, R Systems International to go ex-dividend, Axita Cotton ex-bonus and more https://ift.tt/ONRELSe ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends

'Electronics, services exports to contain slide in growth rate;overall trade may dip 2.6 pc in 2023' https://ift.tt/6vMJXWi 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.

Akre’s tips to spot good businesses using Three-legged Stool Theory https://ift.tt/u26WAlg value investor Chuck Akre says to become a good investor, it is important to read about the businesses which look attractive for investment. He advises investors to read business biographies of their target companies because they can say a great deal about human behaviour. These biographies also reveal how great minds behave in their business life and business world, and how that affects what they do.

IPO Watch: Muthoot Microfin raises Rs 285 crore via pre-IPO placement to 26 investors https://ift.tt/2d8tQNA company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.

Autopsy reveals Matthew Perry's cause of death https://ift.tt/IR02j8V had been undergoing ketamine infusion therapy prior to his death, reportedly for depression and anxiety. The toxicology report stated, "At the high levels of ketamine found in his postmortem blood specimens, the main lethal effects would be from both cardiovascular overstimulation and respiratory depression."

Beyond IPOs and FPOs, Ashish Kacholia, Zerodha invest in NPO which gives zero return https://ift.tt/yFKUNmR czar Ashish Kacholia, known for his multibagger picks, invested Rs 30 lakh while Zerodha generously invested Rs 1 crore. Other two investors are NABARD and HNI Govind Vaidiram Iyer.

Desi money does all the power lifting this time https://ift.tt/uJzEe1Y contrast, the Sensex completed the journey from 50,000 to 60,000 in 158 sessions. More importantly, the latest 10,000-point Sensex rally was purely driven by domestic money.

BOE holds rates with warning of a ‘way to go’ on inflation https://ift.tt/vjC037H panel maintained its guidance that rates would need to be “sufficiently restrictive for sufficiently long” to rein in inflation. That stood in stark contrast with fresh signals from the Federal Reserve that US policymakers were preparing to ease rates next year.

EU top court rejects 250 million EU tax order to Amazon https://ift.tt/jLnaZ3C top court on Thursday scrapped an EU order to Amazon to pay 250 million euros ($270 million) in back taxes to Luxembourg, part of EU antitrust chief Margrethe Vestager's crackdown against sweetheart deals between multinationals and EU countries.

Elon Musk to set up university, schools. Where they will come up and what they will offer? https://ift.tt/RAxol32 Musk, the world's wealthiest person, intends to establish a university in Austin, as indicated by tax filings for his recent charitable organization named The Foundation. Endowed with a substantial contribution of around $100 million from Musk, the foundation's initial focus is on STEM-focused education in primary and secondary schools, according to Bloomberg.

Inox India IPO looks attractive for investors seeking exposure to industrial gas segment https://ift.tt/8scH1DO company is in the process of building a new plant with an investment of Rs 200 crore using internal accruals. The life of cryogenic tanks could be as high as 35-40 years and typically it is used in mission critical operations. The company derives 78% of revenue from sales of tanks for industrial gases such as Nitrogen, Oxygen, argon, 25% from LNG tanks and balance from cryo-scientific applications where it supplies equipment to ISRO and other companies dealing in space research.

Adani Group to invest $100 billion in green shift over next 10 years https://ift.tt/raLn3DC Ahmedabad-based conglomerate, which has a presence in ports, energy, cement and power among others has also pledged to plant 100 million trees by 2030, the company said in a statement today.

Sensex makes a brief tryst with 70,000 https://ift.tt/AhlcyiK said the recent tentativeness in the market around these milestones is on concerns that stocks are overbought after the recent run-up. But, the undertone remains positive with foreign investors continuing to pump money into domestic equities and the Bharatiya Janata Party's performance in the state elections raising hopes of its victory in the 2024 general elections.

Corporate America is testing the limits of its pricing power https://ift.tt/Ds9CcSa increasingly use digital price displays, which they can change with the touch of a button. Across the economy, executives trying to maximize profits are effectively running tests to see what prices consumers will bear before they stop buying.

UK PM Rishi Sunak apologises to COVID-hit families at start of a tough week https://ift.tt/nMyQmi6 several points Sunak also defended Boris Johnson's decision-making pressures as prime minister at the time, saying he met his former boss even more than his wife Akshata Murty during the height of the first COVID lockdown period.

Dunzo survival hinges on Reliance Retail commitment to funds https://ift.tt/k75XK8u impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.

Wall Street gets ready to cash in on $1-trillion climate market https://ift.tt/M5fd0Jk that have been building up carbon trading and finance desks include Goldman Sachs Group, Citigroup, JPMorgan Chase & Co and Barclays.

RBI's unlikely to cut interest rates before June next year https://ift.tt/RhVKeJ1 to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.

Baku to the future: After stalemate, UN climate talks will be in Azerbaijan in 2024 https://ift.tt/K2rAF9g Azerbaijan's Baku, where one of the world's first oil fields developed 1,200 years ago, will host the COP29 climate talks next year. It also means that for back-to-back years an oil powerhouse nation will be hosting climate talks - where the focus is often on eliminating fossil fuels.

For Putin, winning reelection could be easier than resolving the many challenges facing Russia https://ift.tt/g3MFwSi stalemated war in Ukraine, unyielding Western pressure that compounds Russia's economic problems, and intensifying infighting among the ruling elite will loom over Putin's next term and erode his pledges of stability.

Why Digant Haria sees little chance of a runaway rally before elections in 2024 https://ifttt.com/images/no_image_card.png“Buying and selling is probably happening in the same sectors. We are not selling real estate stocks and going into chemicals or going into the Whirlpools of the world because we still want the sector that we buy should be good and there should be good revenue visibility in the sector.”

6 timeless lessons on investing & life from Morgan Housel's new book Same as Ever https://ift.tt/Y5sRfkq delivering an international bestseller ‘The Psychology of Money’, Morgan Housel has come up with a practical book on how understanding human behaviour can help us look at many of life's puzzles from a different spectrum.

Crypto altcoins are outperforming with Bitcoin 'gravitating' toward $50,000 https://ift.tt/oVCJl8X surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about 70% of crypto’s $1.6 trillion market capitalization.

Wall St Week Ahead: Year-end rally in US stocks faces twin tests as Fed, inflation data loom https://ift.tt/uBvmflX S&P 500 rose 0.2% this week, marking its sixth-straight weekly increase, the longest such winning streak in about four years. The index stands at its highest closing level since March 2022.

Retail investors 'gambling' in stocks? Nithin Kamath's take on popular view https://ift.tt/BICvlZO of Zerodha's AUM was added post-2020, which is one of the biggest bull markets India has seen. While equity funds saw a slowdown in the pace of inflows, investments through the systematic investment plan route hit record high in November.

Economy gaining from manufacturing boost: Nirmala Sitharaman https://ifttt.com/images/no_image_card.png"The second-quarter growth was very high - it is the highest in the world," Sitharaman said, replying to a short-duration discussion on the state of the economy in the Rajya Sabha. "We continuously maintain that momentum of being the fastest-growing economy."

Credit profiles of mid-sized cos hit as revenues fall https://ift.tt/n0PQKXV companies have been witnessing an improvement in credit profiles as low interest rates since 2020 lowered cost of funds and improved profitability. But that has changed since. In the past year, interest rates have soared and inflation has eaten into profit margins.

India plans to discourage ethanol production to prioritise sugar: Sources https://ift.tt/TBd2Mfn diversion for ethanol will help the world's second biggest sugar producer in increasing output of the sweetener, which is expected to fall because of below normal rainfall in key growing states.

Securitisation market grows 40% in H1, but still a tiny part of global issuances https://ift.tt/3Bg27Ep certificate (PTC) issuances account for over 50% of the volume of transactions surpassing direct assignment (DA) transactions. This ratio between PTC and DA has been shifted because of the merger of the HDFC entities, said the ratings company.

Japan big on India's consumer market and manufacturing: Masahiro Goto, global head of investment banking, Nomura https://ifttt.com/images/no_image_card.png"After the pandemic, India is being seen as a long-term partner in manufacturing and an appealing investment destination for global corporations. It is one of the few economies that offers a combination of scale and multi-decade growth, driven by growing domestic consumption and infrastructure spends. So the opportunity for overseas businesses for strategic cooperation with India is very appealing," said Masahiro Goto.

2023 to be hottest year on record after 'extraordinary' November https://ift.tt/K9vDUzr month smashed the previous November heat record, pushing 2023's global average temperature to 1.46 degrees Celsius warmer than pre-industrial levels, the EU's Copernicus Climate Change Service said.

Canara Bank, Bank of Maharashtra plan bond sales to raise Rs 4,500 crore https://ift.tt/qkYF6Eu demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.

Govt's ambitious thrust makes climate suitable for renewable energy companies https://ift.tt/ihguPTw government's target to achieve 500 GW of renewable energy generation by 2030 is making market participants positive about these firms. "The revenue visibility of the renewable energy sector is quite strong, and the government is also aiming to generate more energy from wind and solar mediums having laid out ambitious targets," said Deepak Jasani, head of retail research at HDFC Securities.

India’s corp bond market set to cross Rs 100 lakh-cr by FY30: Crisil https://ift.tt/dTejkpD rating agency expects the outstanding size of the corporate bond market to grow from Rs 43 lakh crore in the previous fiscal year to Rs 100-120 lakh crore by 2029-30, providing much-needed depth in fund-raising opportunities for companies through debt. Over the past five financial years, the corporate bond market has registered a compound annual growth rate of 9%, CRISIL said in a report.

Nifty trend still positive, could head to 20,900: Analysts https://ifttt.com/images/no_image_card.png​The index marked a new record high supported by broad market participation, which indicates that the near-term trend remains positive.

Too much skin in the game? Sebi open to an easier regime, reviews MF rule https://ift.tt/6dSELMn capital markets regulator's proposed easing of rules follows feedback from the industry on the growing challenges in the implementation of the rules. Potential hurdles include higher costs, hardships for the employees affected, and likely flight of talent away from the asset management industry.

RBI has food for thought but likely to keep rate pause https://ift.tt/6dSELMn MPC, which will detail its next policy statement at the end of its three-day meeting on December 8, is seen keeping the repo rate unchanged at 6.50% while retaining its stance of withdrawal of accommodation, an ET poll of 10 economists showed. After raising the repo rate by 250 basis points (2.5 percentage points) from May 2022 to February 2023, the committee has maintained a pause on the benchmark rate, which is the rate at which the RBI lends to banks.

Nine bidders submit plans for Rolta India which owes Rs 14,000 crore https://ift.tt/AJpGL02 aware of the development told ET that resolution plans have come from Rashmi Metaliks, United Biotech, Real Value Infotech Projects, Cyfuture India, Square Four Housing & Infrastructure Development, Ashdan Properties, Quant Efficient, and Yash Shares. One individual, Viren Jain, has also submitted a final bid.

Meme-stock crowd plows into cross-asset rally lifting risky bets https://ift.tt/6dSELMn S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.

Assembly poll results, RBI policy among 7 factors that will drive Dalal Street this week https://ift.tt/6dSELMn strong momentum seen last week has led to the hope of the momentum continuing in the week ahead. However, sustenance of the momentum depends on the outcome of certain crucial events such as the outcome of the assembly elections that took place in 5 states, the outcome of which will be out on Sunday.

German tourist stabbed to death in Paris 'terror' attack https://ift.tt/e6fyR4E person known to the French authorities as a radical Islamist with mental health troubles stabbed a German tourist to death and wounded two people in central Paris on Saturday before being arrested, officials said. The attacker was known to authorities as a radical Islamist and was being treated for mental illness, Interior Minister Gerald Darmanin said at the scene by the River Seine,adding that the man had shouted "Allahu Akbar" ("God is greatest") before being arrested.

A strong third quarter on the cards for the Indian economy https://ift.tt/HArsUmJ surged 15% from a year earlier to ₹1.68 lakh crore in November, as the festival season and strong economic activity contributed to growth, showed data released Friday. "At the moment, most of the other indicators seem to be suggesting that there is resilience in the economy," said Upasna Bhardwaj, chief economist, Kotak Mahindra Bank.

Adani Group plans to raise $350 million to prepay Dec 2024 bonds https://ift.tt/rNPMEnw is restricted group with solar generation capacity of 930 MW and includes three subsidiaries of Adani Green - Adani Green Energy (UP) Limited, Parampujya Solar Energy Private Limited (PSEPL) and Prayatna Developer Private Limited.

Satyam's Raju, 3 other entities told to pay Rs 622 crore plus interest https://ift.tt/pm8RCKq regulator has also barred Ramalinga Raju and his brother B Rama Raju from the securities markets till June 14, 2028.

A micro stock spikes 20% on big order from 'Rare Enterprise'; not us, say Jhunjhunwalas https://ift.tt/JY5owIT bulk deal data on the BSE showed a 'Rare Enterprise' as the buyer of about 90,000 shares of Him on Wednesday, triggering a 20% spike - the highest tradable limit of the day - in Him shares on Thursday.

Irdai ups scrutiny of broking deals, approvals take longer https://ift.tt/0964Ftj Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers within the insurance broking sector, leading to extended approval timelines. The regulator is examining general partners (GPs), alternative investment funds (AIFs), and venture capital/private equity funds associated with these transfers.

From IPO hot run to listing day fireworks https://ift.tt/grTp3wM media websites and broker notes suggest that four out of the five IPOs are likely to give investors listing gains.

RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments https://ifttt.com/images/no_image_card.png"While the current practice involves settling transactions through traditional banking channels, CBDC could enable direct settlement between parties," said Mihir Gandhi, partner and leader of payment transformation, PwC India. "The advantages are substantial, but India will also need to address numerous challenges and proactively mitigate associated risks."

Hero Motocorp’s high-end shift earns it a D-St premium https://ift.tt/2W0gbcf Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever.

Tata Technologies IPO share allotment expected Tuesday. Here's how you can check status https://ift.tt/mu4iQHp company's shares are expected to get listed on the exchanges on November 30. According to market sources, Tata Technologies is commanding a premium of Rs 412 in the unlisted market. Considering the upper price band of Rs 500, the stock is likely to debut with a premium of 82%.

Tax saving & returns: A comparative look at how NPS fund managers performed https://ift.tt/mu4iQHp National Pension System (NPS) helps you to save tax in several ways. There are only 10 NPS fund managers at present and the table below compares their performance. The data has been provided exclusively to ET.

Is the stock market closed for Gurunanak Jayanti on Monday? https://ift.tt/mu4iQHp multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.

BSE comes out with new guidelines for shifting of SMEs to main board https://ift.tt/f0pzrYR addition, the SME should have a positive operating profit for at least any two out of three financial years and have a positive profit after tax (PAT) in the immediate financial year of making the migration application to the bourse.

'You'll die in this pit': Takeaways from secret recordings of Russian soldiers in Ukraine https://ift.tt/aQ1hjlm the war in Ukraine grinds into its second winter, a growing number of Russian soldiers want out, audio intercepts obtained and verified by The Associated Press indicate. Russian soldiers speak in shorthand of 200s to mean dead, 300s to mean wounded. The urge to flee has become common enough that they also talk of 500s - people who refuse to fight.

IOC, GAIL fined for second straight quarter for failing to meet listing norms https://ift.tt/f0pzrYR separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that appointment of directors was done by the government and they had no role in it.

Sebi looks to ease trading norms for company insiders https://ift.tt/i5DwKBM present, key managerial personnel or insiders are allowed to trade, provided they are not in possession of unpublished price sensitive information(UPSI).

5 IPOs steal the show this week: Check final subscription numbers, allotment and listing dates https://ift.tt/Mjotiw7 was a busy week for primary markets with five IPOs hitting the Street. Here's a brief look at closing subscription figures, allotment status and listing dates.

RBI could defer OMO sales with liquidity deficit at over 4-year highs https://ifttt.com/images/no_image_card.png"Pressure to carry out OMO sales has definitely come down significantly because liquidity conditions have stayed tight and more significantly it is the fall in core liquidity surplus that has played a prominent role in keeping liquidity conditions tight," said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.

Tur and onion growers may be paid via DBT for procurement https://ift.tt/fQSV5E7 now, the National Agricultural Cooperative Marketing Federation of India and National Cooperative Consumers' Federation of India Ltd - the two procurement agencies for pulses and onions - were making the payments to farmer federations or cooperatives, which in turn were paying the farmers. This process has been time consuming and so the government is planning to replace it with direct benefit transfer (DBT).

Private insurers gain market share in H1 https://ift.tt/ag8mRVh, private insurers grew the combined market share to 53.58% up from 50.81%, with a growth rate of 21.13%.

Banks spend big to get clients, not so to solve grievances: RBI DG https://ift.tt/LCx0pNW the need to protect customers by giving them efficient, prompt, and cost-effective grievance redressal mechanisms, Reserve Bank of India deputy governor M Rajeshwar Rao said the efforts of banks to provide timely solutions had not kept pace with the explosion in technology and products.

Sugar stocks sweeten gains on talk of supply shortages in key states https://ift.tt/ThgtpSJ of the 35 sugar stocks on the BSE, 30 rallied in Thursday's trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose 10%. Analysts expect further upside in some of these stocks.

Infra Financiers seek to raise Rs 30,000 crore https://ift.tt/2joBM0K aware of the developments told ET that NABFID is eyeing a bond sale worth up to ₹10,000 crore, while the Delhi-Mumbai Expressway aims to garner funds worth up to ₹3,000 crore.

Border crossings closed after vehicle explosion on bridge connecting New York and Canada https://ift.tt/A42EDUQ Niagara Frontier Transportation Authority posted on X, formerly Twitter, that all cars arriving at the Buffalo Airport would undergo security checks. The authority said travelers should also expect additional screenings.

UNICEF says Gaza world's 'most dangerous place' for children https://ift.tt/y0oZd1m executive director Catherine Russell told the UN Security Council that over 5,300 children have reportedly been killed in Gaza since Hamas' October 7 attack on Israel, accounting for 40 percent of the deaths.

Switzerland looks to ban Hamas https://ifttt.com/images/no_image_card.png"The Federal Council decided to draft a federal act banning Hamas, considering this to be the most appropriate response to the situation that has prevailed in the Middle East since October 7," the government said in a statement.

High Court ruling plugs personal insolvency loophole https://ift.tt/seFWnNJ ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. This order, along with the recent Supreme Court ruling on personal guarantees, would help creditors to exercise their rights.

Fed minutes anchor cautious policy approach amid more two-sided risks https://ifttt.com/images/no_image_card.png"Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committee's inflation objective was insufficient," the minutes said.

Israel went through a 'series of failures', will objectively look into them and learn lessons: Senior advisor to PM Netanyahu https://ifttt.com/images/no_image_card.png"How did Hamas manage to catch us off-guard? There were a series of failures on that day. First of all, there was the intelligence failure that we were not expecting the attack when it came and we were caught off-guard and we paid a heavy price in blood for that failure", a senior adviser to Prime Minister Benjamin Netanyahu told reporters in a webinar organised by Israel-Asia Center.

Confused and surprised at investor interest in F&Os, says Sebi chief https://ifttt.com/images/no_image_card.png"I must admit, I am always a little confused and surprised as to why people continue to do that (bet in futures and options) knowing that the odds are not in their favour at all," the Sebi chairperson said during a BSE event.

How to trade Tata Investment, Mankind Pharma and ITI on Tuesday https://ift.tt/hoj6Ln0, buying was seen in IT, telecom, healthcare and public sector stocks while selling was seen in auto, utilities, capital goods, and FMCG stocks.

IREDA’s IPO offers a renewable play on climate needs, so does a crowd of peers https://ift.tt/a4IAdwN With a loan book size of Rs 47,515 crore, IREDA lends to the sole sector of renewable energy in India thereby making it the country’s largest pure-play green energy financer. It has significantly improved asset quality over the past three years. The lender operates in a high-growth sector given the government’s thrust on green energy. Given these factors and a reasonable valuation, long term investors may consider the IPO.

Big Tech generated billions in fines but didn't pay them https://ift.tt/2zaxWCY data regulator confirmed to AFP that Meta has not paid any of the ₹2 billion ($2.2 billion) in fines issued since last September. TikTok also owes hundreds of millions.

Donald Trump vows to kill Asia trade deal being pursued by Joe Biden if elected https://ift.tt/eqJbQcC to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.

Why ETFs offer silver lining amid global uncertainty, inflation https://ift.tt/Jyo2Lwl In times of economic uncertainty and rising inflation, investors seek refuge in assets that can withstand the eroding effects of a depreciating currency.

Dalal Street week ahead: Nifty poised for gains, watch for resistance https://ift.tt/ctj4b8E, Nifty has rolled inside the improving quadrant of the RRG; this may lead to the large-caps starting to relatively outperform the broader mid and small-cap space over the coming weeks. A stable start is expected for the week; the levels of 19880 and 20075 may act as resistance points. The supports are likely to come in at 19535 and 19410.

China's influence in Central America advances at a gallop https://ift.tt/ITS3edn China's strategic efforts have led to diplomatic relations with Panama, El Salvador, Nicaragua, and Honduras. Central American nations, despite trade imbalances, represent a crucial market for Chinese tech exporters. As China invests in infrastructure projects, including stadiums and a 5G technology plan, concerns arise about potential "debt traps" and a shift in the region's geopolitical dynamics.

In ousting CEO Sam Altman, ChatGPT loses its best fundraiser https://ift.tt/uWftpLk co-founder of OpenAI, which caused a sensation just a year ago with the introduction of ChatGPT, Altman has presented himself as the benevolent wizard behind the curtain of a technology that many say could upend entire industries and even mankind itself.

Rajesh Exports fails to provide vital data, NSE asks it to clarify https://ift.tt/xqby5No exchange has also sought clarification about the auditor's report, which deviates from the format prescribed by Sebi.

Nvidia's record rally may be showing signs of overheating https://ift.tt/z3b4hOJ of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday.

Indices jump over 1% mirroring gains in global markets https://ifttt.com/images/no_image_card.png"The biggest reason for gains today is the favourable US inflation data along with the S&P, Dow and Nasdaq seeing its largest gain since April this year," said Aamar Deo Singh, head advisory at Angel One Broking.

IndusInd Bank, Paytm, Suzlon and 6 others to join MSCI Standard https://ift.tt/G9x4FQp the rebalance, the number of domestic stocks on the Standard Index will rise to 131, and India's weight on it could rise to 16.3%, up from the current 15.9%.

RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans https://ift.tt/p83DHyo month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding two years. The ban was lifted in August 2021.

India's Q2 GDP growth seen at 6.7% on strong services play https://ift.tt/TuvVRPg manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

Oil markets less tight than expected as supply climbs https://ift.tt/mifBjAp IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall during the fourth quarter. But it will be roughly 30% smaller than previously projected, at about 900,000 barrels a day.

Asia stocks rise ahead of US inflation data; yen stumbles https://ift.tt/eMjXLVP Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable.

Sebi nod for IPOs of Fedbank Financial, Epack Durables & Suraj Estate Developers https://ift.tt/mifBjAp regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.

Coal India pricing reasonable, still top pick post rally https://ift.tt/mifBjAp average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company's earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.