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.
Sunday, December 31, 2023
What could be the big themes for 2024? Pawan Parakh answers
December 31, 2023
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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.”
Saturday, December 30, 2023
Yearender 2023: As Israel-Hamas conflict drags on, children of war on both sides of Gaza fall out of focus
December 30, 2023
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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.
Friday, December 29, 2023
Indian banks shrug off multiple headwinds
December 29, 2023
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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
December 29, 2023
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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?
December 29, 2023
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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.
Thursday, December 28, 2023
Solvency ratio of three state non-life insurers below par
December 28, 2023
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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.
Wednesday, December 27, 2023
Urban Co-op banks need to strengthen governance quality
December 27, 2023
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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
December 27, 2023
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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.
Tuesday, December 26, 2023
Surging corporate profits to help ease RBI's inflation fight
December 26, 2023
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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
December 26, 2023
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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
December 26, 2023
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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.
Monday, December 25, 2023
India's resilient economy seen expanding 6.7% in FY24
December 25, 2023
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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
December 25, 2023
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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.
Sunday, December 24, 2023
Re-rating on cards for PSU Banks; SBI, Bank of Baroda can give 25% return in 2024
December 24, 2023
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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
December 24, 2023
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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
December 24, 2023
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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
December 24, 2023
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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.
Saturday, December 23, 2023
Year-ender 2023: Impressive 13% returns for gold. Is this its best show in 10 years?
December 23, 2023
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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
December 23, 2023
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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?
December 23, 2023
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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?
December 23, 2023
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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
December 23, 2023
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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.
Friday, December 22, 2023
Azad Engineering IPO allotment soon. Check date, GMP and other details
December 22, 2023
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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
December 22, 2023
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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.
Thursday, December 21, 2023
AMFI's methodology to classify small caps may face challenges
December 21, 2023
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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
December 21, 2023
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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.
Wednesday, December 20, 2023
SAT overturns Sebi order in Karvy case
December 20, 2023
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SAT overturns Sebi order in Karvy case https://ifttt.com/images/no_image_card.pngThe 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
December 20, 2023
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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
December 20, 2023
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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.
Tuesday, December 19, 2023
IIFL Samasta raises Rs 607 crore via maiden bond issue
December 19, 2023
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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
December 19, 2023
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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.
Monday, December 18, 2023
Azad Engineering is well-placed to take advantage of rising demand
December 18, 2023
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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
December 18, 2023
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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
December 18, 2023
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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.”
Sunday, December 17, 2023
Familiar names throw their hats in 2024 IPO market revival ring
December 17, 2023
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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
December 17, 2023
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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
December 17, 2023
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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
December 17, 2023
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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?
December 17, 2023
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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
December 17, 2023
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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
Saturday, December 16, 2023
'Electronics, services exports to contain slide in growth rate;overall trade may dip 2.6 pc in 2023'
December 16, 2023
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'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
December 16, 2023
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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.
Friday, December 15, 2023
IPO Watch: Muthoot Microfin raises Rs 285 crore via pre-IPO placement to 26 investors
December 15, 2023
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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
December 15, 2023
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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
December 15, 2023
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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.
Thursday, December 14, 2023
Desi money does all the power lifting this time
December 14, 2023
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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
December 14, 2023
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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
December 14, 2023
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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?
December 14, 2023
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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.
Wednesday, December 13, 2023
Inox India IPO looks attractive for investors seeking exposure to industrial gas segment
December 13, 2023
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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.
Tuesday, December 12, 2023
Adani Group to invest $100 billion in green shift over next 10 years
December 12, 2023
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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.
Monday, December 11, 2023
Sensex makes a brief tryst with 70,000
December 11, 2023
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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
December 11, 2023
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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
December 11, 2023
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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.
Sunday, December 10, 2023
Dunzo survival hinges on Reliance Retail commitment to funds
December 10, 2023
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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
December 10, 2023
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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
December 10, 2023
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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
December 10, 2023
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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.
Saturday, December 9, 2023
For Putin, winning reelection could be easier than resolving the many challenges facing Russia
December 09, 2023
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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
December 09, 2023
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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
December 09, 2023
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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.
Friday, December 8, 2023
Crypto altcoins are outperforming with Bitcoin 'gravitating' toward $50,000
December 08, 2023
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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
December 08, 2023
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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
December 08, 2023
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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.
Thursday, December 7, 2023
Economy gaining from manufacturing boost: Nirmala Sitharaman
December 07, 2023
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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
December 07, 2023
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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.
Wednesday, December 6, 2023
India plans to discourage ethanol production to prioritise sugar: Sources
December 06, 2023
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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
December 06, 2023
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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
December 06, 2023
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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.
Tuesday, December 5, 2023
2023 to be hottest year on record after 'extraordinary' November
December 05, 2023
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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
December 05, 2023
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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
December 05, 2023
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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.
Monday, December 4, 2023
India’s corp bond market set to cross Rs 100 lakh-cr by FY30: Crisil
December 04, 2023
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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.
Sunday, December 3, 2023
Nifty trend still positive, could head to 20,900: Analysts
December 03, 2023
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Nifty trend still positive, could head to 20,900: Analysts https://ifttt.com/images/no_image_card.pngThe 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
December 03, 2023
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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
December 03, 2023
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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
December 03, 2023
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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.
Saturday, December 2, 2023
Meme-stock crowd plows into cross-asset rally lifting risky bets
December 02, 2023
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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
December 02, 2023
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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
December 02, 2023
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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.
Friday, December 1, 2023
A strong third quarter on the cards for the Indian economy
December 01, 2023
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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
December 01, 2023
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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
December 01, 2023
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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.
Thursday, November 30, 2023
A micro stock spikes 20% on big order from 'Rare Enterprise'; not us, say Jhunjhunwalas
November 30, 2023
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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.
Wednesday, November 29, 2023
Irdai ups scrutiny of broking deals, approvals take longer
November 29, 2023
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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.
Tuesday, November 28, 2023
From IPO hot run to listing day fireworks
November 28, 2023
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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.
Monday, November 27, 2023
RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments
November 27, 2023
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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
November 27, 2023
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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.
Sunday, November 26, 2023
Tata Technologies IPO share allotment expected Tuesday. Here's how you can check status
November 26, 2023
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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
November 26, 2023
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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?
November 26, 2023
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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
November 26, 2023
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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
November 26, 2023
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'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.
Saturday, November 25, 2023
IOC, GAIL fined for second straight quarter for failing to meet listing norms
November 25, 2023
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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
November 25, 2023
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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).
Friday, November 24, 2023
5 IPOs steal the show this week: Check final subscription numbers, allotment and listing dates
November 24, 2023
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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
November 24, 2023
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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
November 24, 2023
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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).
Thursday, November 23, 2023
Private insurers gain market share in H1
November 23, 2023
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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
November 23, 2023
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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
November 23, 2023
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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
November 23, 2023
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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.
Wednesday, November 22, 2023
Border crossings closed after vehicle explosion on bridge connecting New York and Canada
November 22, 2023
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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
November 22, 2023
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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
November 22, 2023
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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.
Tuesday, November 21, 2023
High Court ruling plugs personal insolvency loophole
November 21, 2023
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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
November 21, 2023
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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
November 21, 2023
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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.
Monday, November 20, 2023
Confused and surprised at investor interest in F&Os, says Sebi chief
November 20, 2023
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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
November 20, 2023
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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.
Sunday, November 19, 2023
IREDA’s IPO offers a renewable play on climate needs, so does a crowd of peers
November 19, 2023
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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
November 19, 2023
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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.
Saturday, November 18, 2023
Donald Trump vows to kill Asia trade deal being pursued by Joe Biden if elected
November 18, 2023
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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
November 18, 2023
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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
November 18, 2023
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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.
Friday, November 17, 2023
China's influence in Central America advances at a gallop
November 17, 2023
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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
November 17, 2023
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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.
Thursday, November 16, 2023
Rajesh Exports fails to provide vital data, NSE asks it to clarify
November 16, 2023
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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.
Wednesday, November 15, 2023
Nvidia's record rally may be showing signs of overheating
November 15, 2023
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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
November 15, 2023
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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
November 15, 2023
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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
November 15, 2023
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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.
Tuesday, November 14, 2023
India's Q2 GDP growth seen at 6.7% on strong services play
November 14, 2023
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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
November 14, 2023
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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.
Monday, November 13, 2023
Asia stocks rise ahead of US inflation data; yen stumbles
November 13, 2023
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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
November 13, 2023
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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
November 13, 2023
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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.
Govt looks to offload 5-10% in some public sector banks
November 13, 2023
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Govt looks to offload 5-10% in some public sector banks https://ift.tt/mifBjAp government is keen to take advantage of the sharp rally in share prices of public sector banks (PSBs) that are riding on much-improved financial performance and fundamentals. The stake sale can be conducted through the offer-for-sale route for lenders that are not inclined toward a rights issue, said people aware of the deliberations.
Sunday, November 12, 2023
One year after FTX imploded, here's how crypto is changing
November 12, 2023
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One year after FTX imploded, here's how crypto is changing https://ifttt.com/images/no_image_card.png"The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team," Kling wrote.
Bitcoin ETF craze drives 'nothing for sale' rally
November 12, 2023
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Bitcoin ETF craze drives 'nothing for sale' rally https://ift.tt/swlx2R0 rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried's FTX exchange a year ago from tomorrow.
Saturday, November 11, 2023
Learn With ETMarkets: A complete guide to risk management in stock investing
November 11, 2023
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Learn With ETMarkets: A complete guide to risk management in stock investing https://ift.tt/lQKvCgD those who struggle with the roller-coaster ride of the stock market, experts often recommend diversification as a way to mitigate risk. But is diversification the only solution? The answer is ‘No’.
ETMarkets Smart Talk: Why Mihir Vora thinks that domestic-focused sectors are likely to do better till Diwali 2024
November 11, 2023
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ETMarkets Smart Talk: Why Mihir Vora thinks that domestic-focused sectors are likely to do better till Diwali 2024 https://ift.tt/seHqN2o 5-10% correction is pretty normal for equities, so I am not really perturbed by the same. It can be attributed to mostly global factors viz. the geopolitical situation in Israel and Ukraine, oil prices remaining high and interest rates in the western world continuing a rising trajectory.
Moody's downgrades US debt rating outlook to negative
November 11, 2023
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Moody's downgrades US debt rating outlook to negative https://ifttt.com/images/no_image_card.png"In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody's expects that the US's fiscal deficits will remain very large, significantly weakening debt affordability," the agency said.
Friday, November 10, 2023
ET Explainer: Why the Fed may dash rate cuts hope
November 10, 2023
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ET Explainer: Why the Fed may dash rate cuts hope https://ift.tt/oI4m3Kz key challenge that has emerged for the US Federal Reserve is to rein in aggressive economic growth spurred by extraordinary fiscal stimulus in the world’s largest economy during the Covid crisis
6 PSU stocks record fresh 52-week high on Friday_ rally up to 15% in a month
November 10, 2023
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6 PSU stocks record fresh 52-week high on Friday_ rally up to 15% in a month https://ift.tt/okX8DrU
Thursday, November 9, 2023
Piramal Enterprises swings to black in Q2 on loan growth
November 09, 2023
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Piramal Enterprises swings to black in Q2 on loan growth https://ift.tt/qcGb8CV company reported a net profit of ₹48 crore in the quarter ended September from a loss of ₹1,536 crore a year earlier after adjusting for the one-time refund of ₹64 crore to investors of the Indiareit PMS as per the Delhi High Court order.
Pulses trade body to Centre: Revoke tur MoU with Mozambique
November 09, 2023
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Pulses trade body to Centre: Revoke tur MoU with Mozambique https://ift.tt/CAFS5ai Indian Pulses and Grains Association (IPGA) said that one influential exporter in Mozambique has not been allowing other exporters to ship tur to India, thereby driving up the prices.
ESAF SFB shares to debut on Friday. What GMP signals ahead of listing
November 09, 2023
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ESAF SFB shares to debut on Friday. What GMP signals ahead of listing https://ift.tt/BqVgid1 The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category was booked 173 times.ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers.
Wednesday, November 8, 2023
Protean eGov Tech IPO subscribed 23.86x
November 08, 2023
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Protean eGov Tech IPO subscribed 23.86x https://ifttt.com/images/no_image_card.pngThe company could raise ₹490 crore at the upper end of the issue price band of ₹792. The retail investors' segment was subscribed 8.93 times.
Israel targets Gaza tunnel network; UN, G7 call for humanitarian pause
November 08, 2023
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Israel targets Gaza tunnel network; UN, G7 call for humanitarian pause https://ift.tt/d9KoGsx City, the Hamas militant group's main stronghold in the territory, is encircled by Israeli forces. The military said troops have advanced to the heart of the densely-populated city while Hamas says its fighters have inflicted heavy losses.
Tuesday, November 7, 2023
SBI raises dollar bond issue size to $1 billion amid fall in US yields
November 07, 2023
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SBI raises dollar bond issue size to $1 billion amid fall in US yields https://ift.tt/fdlW3Cz is tapping the international markets second time this financial year. While $750 million is underwritten by global banks, an additional $250 million is made available through a green shoe option arranged by global banks including HSBC and JP Morgan.
Eye On Earnings: What to expect from United Spirits, Lupin, BHEL
November 07, 2023
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Eye On Earnings: What to expect from United Spirits, Lupin, BHEL https://ift.tt/KwUDGAi than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday.
Ukraine makes the EU cut, but with conditions
November 07, 2023
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Ukraine makes the EU cut, but with conditions https://ift.tt/W6y3ZaJ move comes as the EU looks to inject impetus into its enlargement policy following Russia's invasion of Ukraine and Moscow's attempts to destabilize Europe.
Monday, November 6, 2023
D-Street indices gain nearly 1% on Fed signal, fall in US bond yields
November 06, 2023
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D-Street indices gain nearly 1% on Fed signal, fall in US bond yields https://ift.tt/yxKtN7i Sensex gained 594.91 points, or 0.92%, to close at 64,958. NSE's Nifty rose 181 points or 0.94% to end at 19,411.
Bonds look much more attractive than stocks: Sonal Desai
November 06, 2023
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Bonds look much more attractive than stocks: Sonal Desai https://ift.tt/sWCG5X4 if you don't have a recession, the Fed might cut once a quarter. If they see a recession, they will cut faster, but without a recession, they might cut once a quarter. But I don't think the Fed will take rates all the way down to 2.5%. There's no reason to do that.
Byju’s in talks to sell US unit Epic for $400 million to Joffre
November 06, 2023
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Byju’s in talks to sell US unit Epic for $400 million to Joffre https://ift.tt/kEdFKLv potential sale of Epic! Creations Inc. would help Byju’s raise funds to pay down a disputed $1.2 billion term loan, people familiar with the matter said. Other bidders, including Duolingo Inc., have also expressed interest in buying the platform, they said, asking not to be named as the information isn’t public.
IL&FS plans sale of some road assets as InvIT transfer faces hurdles
November 06, 2023
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IL&FS plans sale of some road assets as InvIT transfer faces hurdles https://ift.tt/AWQfoRk had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
Sunday, November 5, 2023
'India's neutral geopolitical stance to help attract FDI, overseas business'
November 05, 2023
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'India's neutral geopolitical stance to help attract FDI, overseas business' https://ift.tt/BAFVrbT India's neutral geopolitical position has benefited the country in terms of FDI flows and international business. Redirection of FDI into friendly destinations can be seen in the data and India is benefiting in particular relative to China with regards to FDI coming from the US, says Claudio Irigoyen, head of global economics research at Bank of America.
Assocham to organise B2B meetings with delegation from UAE
November 05, 2023
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Assocham to organise B2B meetings with delegation from UAE https://ifttt.com/images/no_image_card.pngThe meetings, themed 'Expanding Your Business Globally with SAIF Zone', are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. he B2B (business-to-business) meetings aim to provide city-based industrialists with a deep understanding of the benefits of establishing businesses in the free trade zones of the UAE and how Indian companies can capitalise on this opportunity to expand their operations and increase exports worldwide.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
November 05, 2023
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Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others https://ift.tt/zlghM70 Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading
November 05, 2023
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Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading https://ifttt.com/images/no_image_card.png"While Nifty has just about managed to get back near the nearest reaction high, it is still below the 14-day SMA. In contrast, both mid and small caps have raced higher with the former now exactly at the 62% retracement from the peak, while the latter has pierced even that is closing in on the record peak, which is just about 1.5% away."
ASK Automotive IPO opens on November 7. Here are 10 things to know about the offer
November 05, 2023
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ASK Automotive IPO opens on November 7. Here are 10 things to know about the offer https://ift.tt/4NV8Zc2 lender has fixed a price band of Rs 268-282 per equity share for the IPO. Investors can bid for a minimum of 53 shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Saturday, November 4, 2023
3 points to consider while analysing companies based on fundamentals
November 04, 2023
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3 points to consider while analysing companies based on fundamentals https://ifttt.com/images/no_image_card.png“How much I analyze, I would still not know better than the promoter who is managing the business day to day. I can only look at the numbers and then analyze. So if the promoter also has a really good interest in the company, he will actually try to increase the stake and not decrease. ”
Friday, November 3, 2023
14 Pakistani soldiers killed as militants ambush two vehicles carrying security forces in restive Balochistan
November 03, 2023
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14 Pakistani soldiers killed as militants ambush two vehicles carrying security forces in restive Balochistan https://ift.tt/7tISZnP to a statement by the Pakistan Army, the incident happened when terrorists ambushed two vehicles carrying soldiers from Pasni to the Ormara area of Gwadar district of the province.
Militants attack air force base in central Pakistan
November 03, 2023
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Militants attack air force base in central Pakistan https://ift.tt/acOvPEG militants were killed before they entered the base and the other three had been cornered, the military said in a statement, adding that three grounded aircraft and a fuel tanker had been damaged thus far in the attack.
Finance ministry releases Rs 10,000 crore in urgent aid for NREGS
November 03, 2023
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Finance ministry releases Rs 10,000 crore in urgent aid for NREGS https://ift.tt/EvYNCKD unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET.
Thursday, November 2, 2023
RBI moots principle-based regulatory regime: Dy Guv
November 02, 2023
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RBI moots principle-based regulatory regime: Dy Guv https://ift.tt/BaKAx39 Reserve Bank of India (RBI) is transitioning toward a principle-based regulatory approach, offering broad guidelines to the entities it regulates while allowing for flexibility in how they achieve compliance, according to Deputy Governor Rajeshwar Rao.
Zurich Insurance to acquire 70% stake in Kotak General
November 02, 2023
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Zurich Insurance to acquire 70% stake in Kotak General https://ift.tt/iQSweXy has agreed to pay ₹4,051 crore for 51% stake including fresh growth capital of up to ₹1,609 crore. The expected date of completion for the sale is June 30, 2024, for acquisition of 51% stake by Zurich and acquisition of an additional stake of 19% within a period of three years.
Time's right to buy g-secs with rates near a peak
November 02, 2023
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Time's right to buy g-secs with rates near a peak https://ift.tt/s5KVTjL, money managers believe conservative investors looking for regular income could lock into some of these bonds, which come in maturities ranging from a decade to as long as half a century.
Erratic rains force farm labour to stick to NREGS
November 02, 2023
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Erratic rains force farm labour to stick to NREGS https://ift.tt/BaKAx39 demand for work under the government's rural job scheme, MGNREGS, has seen an unusual trend this fiscal year. While demand usually peaks in the summer months, it has grown rapidly during the monsoon season. Experts believe that erratic seasonal rains have prevented rural workers from migrating to farming, leading them to rely on the MGNREGS for employment.
Wednesday, November 1, 2023
Rupee closes at a new low on US rate worries
November 01, 2023
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Rupee closes at a new low on US rate worries https://ift.tt/jgFQTqn rupee settled at 83.29 per US dollar on Wednesday, a new record closing low. The local unit had settled at 83.25 per US dollar on Tuesday. So far in 2023, the rupee has depreciated 0.7% versus the US dollar. The rupee's previous record closing low was 83.28 per US dollar.
Dalal Street falls for a 2nd day on weak factory data
November 01, 2023
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Dalal Street falls for a 2nd day on weak factory data https://ift.tt/jgFQTqn Nifty declined by 90 points, or 0.47%, closing at 18,989, while the Sensex witnessed a decline of 284 points, or 0.44%, settling at 63,591.
Sun Pharma's focus on specialty drugs pays off
November 01, 2023
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Sun Pharma's focus on specialty drugs pays off https://ift.tt/jgFQTqn company's revenues grew 11% driven by strong growth posted by the India business and the global specialty sales in the US. A third of the company's revenues is earned each from India and the US. Sun's market share in India increased from 8.3% to 8.4% for the year ended September 2023.
EPFO board approves framework for timely dissemination of information
November 01, 2023
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EPFO board approves framework for timely dissemination of information https://ifttt.com/images/no_image_card.pngThe EPFO board also approved the Draft Audit Manual which will help standardize audit procedures, provide a training resource for employees, facilitate decision-making, and consolidate audit information in EPFO, the Ministry of Labour & Employment said in a statement. The decisions were taken at EPFO's 71st Foundation Day on Tuesday.
Tuesday, October 31, 2023
Non-institutional investors of Butterfly Gandhimathi defeat merger proposal
October 31, 2023
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Non-institutional investors of Butterfly Gandhimathi defeat merger proposal https://ift.tt/9bEIscT of Butterfly Gandhimathi Appliances fell nearly 7% to close at ₹1,088.10, while CG Consumer Electricals declined half a per cent to close at ₹ 281.95.
To tap FPIs, govt plans to GIFT wrap masala bond issue
October 31, 2023
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To tap FPIs, govt plans to GIFT wrap masala bond issue https://ift.tt/UolH5m8 aware of the development told ET that in recent talks at the Gandhinagar-based GIFT City, the government, the Reserve Bank of India (RBI) and investors had discussed early plans regarding the quantum of the bond sale and other operational matters.
Q2 Results Tomorrow: What to expect from Britannia, Hero MotoCorp, Sun Pharma & Tata Steel
October 31, 2023
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Q2 Results Tomorrow: What to expect from Britannia, Hero MotoCorp, Sun Pharma & Tata Steel https://ift.tt/a9h3W6D from these four, the other major earnings that will be tracked by Dalal Street investors are Adani Wilmar, Ambuja Cements, Godrej Consumer Products, LIC Housing Finance, REC Ltd, Indraprastha Gas, and Kansai Nerolac Paints
US says Putin seeking to 'take advantage' of Israel-Hamas war
October 31, 2023
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US says Putin seeking to 'take advantage' of Israel-Hamas war https://ift.tt/G7qQOdm United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war to reduce Western support for Ukraine, which it said requires continued backing from Washington to prevent Russian success. "Putin is very much trying to take advantage of the Hamas attack on Israel in the hopes that it will distract us... and that it will result in the United States pulling back its resources" from Ukraine, US Secretary of State Antony Blinken told a Senate hearing on supplemental national security funding.
Monday, October 30, 2023
Spandana Shpoorty Financial Q2 Results: Net profit zooms 127% to Rs 125 crore on business expansion
October 30, 2023
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Spandana Shpoorty Financial Q2 Results: Net profit zooms 127% to Rs 125 crore on business expansion https://ift.tt/m7GANwZ net interest margin for the quarter was at 14.1%, improved 113 basis points over the year-ago quarter. Its income for the September quarter grew 106% year-on-year at Rs 640 crore.
Q2 Results on Tuesday: What to expect from Bharti Airtel, L&T?
October 30, 2023
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Q2 Results on Tuesday: What to expect from Bharti Airtel, L&T? https://ift.tt/DhyvF7B Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson Sumi Wiring, and Ajanta Pharma, among others will also detail earnings on Tuesday
Sunday, October 29, 2023
Diamond houses hope to cut through slump in next four months
October 29, 2023
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Diamond houses hope to cut through slump in next four months https://ift.tt/S3DOQKq trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, is in touch with global mining giants like DeBeers for marketing assistance after putting a temporary ban on imports.
Oil and gas markets eye risk of war escalation
October 29, 2023
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Oil and gas markets eye risk of war escalation https://ift.tt/S3DOQKq biggest risk to crude prices after the invasion remains any escalation to other regional powers. The Middle East supplies about a third of the world's oil and Iran, which backs Hamas and other regional militant groups, said over the weekend that the incursion "may force everyone to take action."
Goods demand fades, services holds out hope
October 29, 2023
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Goods demand fades, services holds out hope https://ifttt.com/images/no_image_card.pngOverall consumer demand is also expected to come under pressure from tighter monetary conditions and lesser pull from rural India. However, high-end consumption is expected to provide some support. "Inequality is playing out. Wherever there has been recovery, it's either been heavily biased towards the more affluent and upper-middle tiers or where it has been mass-based, there has been downtrading," said Abheek Barua, chief economist, HDFC Bank.
NHAI awards two TOT bundles for Rs 6500 crore
October 29, 2023
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NHAI awards two TOT bundles for Rs 6500 crore https://ifttt.com/images/no_image_card.pngTOT model has been developed to encourage private participation in the highway sector. Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT.Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT, it said.
Cello World's Rs 1900 crore IPO opens on Monday. What GMP signals ahead of subscription?
October 29, 2023
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Cello World's Rs 1900 crore IPO opens on Monday. What GMP signals ahead of subscription? https://ift.tt/Ye6Etgq Cello World boasts an extensive product portfolio across three key categories - consumer houseware, writing instruments and stationery, and moulded furniture and related products.
Israel-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week
October 29, 2023
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Israel-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week https://ift.tt/OG4EysB US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength.
Saturday, October 28, 2023
NTPC Q2 Results: PAT jumps 38% YoY to 4,726 crore. Co declares dividend of Rs 2.25/share
October 28, 2023
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NTPC Q2 Results: PAT jumps 38% YoY to 4,726 crore. Co declares dividend of Rs 2.25/share https://ift.tt/OG4EysB consolidated revenue from operations for the said period stood at Rs 44,983.35 crore, which was up 1.8% from Rs 44,175.03 crore reported by the power company in the year-ago period. On a quarter-on-quarter basis, the revenue was up 4.4%, the company informed in its filing to the exchanges. The company had reported a revenue of Rs 43,075.09 crore in the June ended quarter.
Learn With ETMarkets: Choosing the right time frame in technical analysis
October 28, 2023
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Learn With ETMarkets: Choosing the right time frame in technical analysis https://ift.tt/mDjyhlB sought clarification: "Understood. Likewise, if I go to a higher timeframe, for example weekly, which represents a week per candle, there's no daily data available. So, where do I begin?"
Friday, October 27, 2023
Worst October for stocks in 5 years has investors exiting market
October 27, 2023
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Worst October for stocks in 5 years has investors exiting market https://ift.tt/5punYEi Street’s “fear gauge,” the Cboe Volatility Index, held above 20 for a second consecutive week after staying below the threshold more than 100 days. Bond volatility gave investors more reason to worry as gyrations of more than 10 basis points on Wednesday and Thursday put further pressure on an earnings season where companies that miss estimates are getting whacked
Thursday, October 26, 2023
Honasa Consumer IPO to open for subscription on Oct 31
October 26, 2023
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Honasa Consumer IPO to open for subscription on Oct 31 https://ift.tt/P0KdiCf from promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, Stellaris and Shilpa Shetty Kundra offered shares as part of OFS.
SBI aims to raise up to Rs 10,000 crore via bond sale
October 26, 2023
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SBI aims to raise up to Rs 10,000 crore via bond sale https://ift.tt/klRde48, the coupon rates – or interest paid to investors – for SBI’s bonds are the lowest in the banking sector, as the lender witnesses firm demand for its debt offerings, given its government ownership and status as the country’s largest bank
Indian Bank Q2 results: Net profit soars 62% on retail growth
October 26, 2023
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Indian Bank Q2 results: Net profit soars 62% on retail growth https://ift.tt/zVwrf6d advances increased 12% to ₹4.92 lakh crore in September mainly due to a 14% increase in retail loans and a 16% growth in agriculture advances. Retail, agriculture and MSME make up 62% of the bank's loan book. Home loans grew by 13%, auto loans by 36% and personal loans grow 49%.
Pharma Q2 Preview: Cipla to see steady qtr; higher profit growth for DRL
October 26, 2023
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Pharma Q2 Preview: Cipla to see steady qtr; higher profit growth for DRL https://ift.tt/6GwDM5T could deliver healthy growth of 5% in the Indian business in the second quarter, but the US business is likely to witness pressure on account of lower Albuterol Sulphate sales. Revenue for the quarter is likely to grow at 13% year-on-year (YoY), according to an average estimate of three brokerages, and net profit for the same period is expected to rise around 19% YoY.
Wednesday, October 25, 2023
Supreme Court hauls up Sebi over show-cause after 10-year probe
October 25, 2023
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Supreme Court hauls up Sebi over show-cause after 10-year probe https://ift.tt/TjO7Zuy Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry into the delay and submit a report.
Breakout Stocks: How to trade BSE, Prestige Estates and Adani Total Gas on Thursday
October 25, 2023
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Breakout Stocks: How to trade BSE, Prestige Estates and Adani Total Gas on Thursday https://ift.tt/0lepuzN was up by 4.5% on Wednesday due to news of increasing transaction charges on the equity derivative segment from 1 November 2023. The stock has given a good run up from Rs 1420-1820 levels in the last 2 months so we would avoid fresh longs at the current levels as we can see some divergence in RSI.
Tuesday, October 24, 2023
Piramal gets premium for Rs 531 crore residual bad loans
October 24, 2023
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Piramal gets premium for Rs 531 crore residual bad loans https://ift.tt/9lBARGw Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel and a Crowne Plaza unit. The deal was done at a premium, resulting in a profit of over ₹700 crore for Piramal. The loans were initially sold to Omkara ARC in a structured deal, with 15% paid in cash and the rest issued as security receipts.
Cello World sets Rs 617-648 price band for its Rs 1,900 crore-IPO
October 24, 2023
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Cello World sets Rs 617-648 price band for its Rs 1,900 crore-IPO https://ift.tt/9lBARGw OFS comprises the sale of equity shares by Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Pradeep Ghisulal Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod and Ruchi Gaurav Rathod.
Breakout Stocks: How to trade BSE, IPCA Labs, and CreditAccess Grameen on Wednesday
October 24, 2023
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Breakout Stocks: How to trade BSE, IPCA Labs, and CreditAccess Grameen on Wednesday https://ift.tt/rEMiAR6 that hit fresh 52-week or record highs, included names like CreditAccess Grameen, which was up over 7%, IPCA Laboratories, which closed with gains of more than 6%, and BSE Ltd, which also rose more than 6% to hit a fresh all-time high on Monday.
Monday, October 23, 2023
ETMarkets Smart Talk: Banks, defence, real estate, cement top sectors to benefit from economic expansion: Dr. Poonam Tandon
October 23, 2023
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ETMarkets Smart Talk: Banks, defence, real estate, cement top sectors to benefit from economic expansion: Dr. Poonam Tandon https://ifttt.com/images/no_image_card.png"SIP flows continue to be strong despite global headwinds as the domestic economy is showing resilience. We are also seeing more NFOs being launched, especially in multi-cap, small-cap, and thematic space to plug in any gap in the product offerings. An investor should consider various factors for selecting a fund such as fund manager experience, performance history, expense ratio, type of scheme, assets under management and investment objective."
Sunday, October 22, 2023
Better to stay away from IGL and MGL, say analysts
October 22, 2023
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Better to stay away from IGL and MGL, say analysts https://ift.tt/ENVdogw the proposed road map by the Delhi government mandating a phased shift of all cab aggregators and delivery vehicles, to electric by 2030 seen impacting Indraprastha Gas (IGL), analysts are expecting its shares to continue underperforming in the near term. The company derives over 70% of its revenues from compressed natural gas (CNG).
UK-India FTA raises concerns among British rice millers
October 22, 2023
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UK-India FTA raises concerns among British rice millers https://ifttt.com/images/no_image_card.pngBritish rice millers such as Tilda and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and "polishing" the grains into the white product loved by UK consumers. But with India pressing for tariffs on white rice to be slashed, and little feedback from British trade officials, concerns are mounting for an industry that employs more than 3,000 people at 16 mills and processing plants scattered from Kent in southern England to Yorkshire in the north.
Saturday, October 21, 2023
Q2 results, yield movement, FII flows among 7 factors likely to move market this week
October 21, 2023
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Q2 results, yield movement, FII flows among 7 factors likely to move market this week https://ift.tt/tJSPCbT benchmark indices ended the week with a net loss of over 1% due to factors such as rising US bond yields, firm crude oil prices, and weak earnings from IT companies. The upcoming week is expected to be volatile as several companies are set to release earnings and the October derivatives expiry is due. The Nifty 50 may trade within a range of 19,300 to 19,850, with the potential for a significant move in either direction
Stock pickers sidelined with world events overshadowing earnings
October 21, 2023
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Stock pickers sidelined with world events overshadowing earnings https://ift.tt/7F5gb3A current earnings season is being overshadowed by macroeconomic forces such as conflict in the Middle East and surging Treasury yields. As a result, S&P 500 Index constituents are moving in unison as global events sway the markets. This is making it difficult for stock pickers to outperform their benchmarks, with only 37% of large-cap active managers outperforming their benchmarks as of September. Investors are now looking to Big Tech giants' earnings next week for signs of whether Wall Street projections are too optimistic.
US pushes UN to back Israel self-defense, demand Iran to stop arms supply to Hamas
October 21, 2023
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US pushes UN to back Israel self-defense, demand Iran to stop arms supply to Hamas https://ift.tt/7F5gb3A US has proposed a draft resolution to the UN Security Council, stating Israel's right to self-defense and calling on Iran to stop exporting arms to militias and terrorist groups in the region. The resolution emphasizes the protection of civilians and the delivery of aid to Gaza. The US vetoed a previous resolution calling for humanitarian pauses in the conflict and justified the veto by stating the need for diplomacy on the ground.
Friday, October 20, 2023
SBI wants IL&FS to declare ITPCL value before debt rejig
October 20, 2023
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SBI wants IL&FS to declare ITPCL value before debt rejig https://ift.tt/5riHuDX Bank of India (SBI) and IL&FS have different views on debt restructuring at ITPCL, the bankrupt financier's power joint venture entity. SBI wants an assessment of the liquidation value before signing on the proposal, while IL&FS, as part of its resolution framework, is not obligated to undertake a liquidation assessment for this asset. Last month, lenders approved a restructuring plan for ITPCL, with 59% of its debt classified as sustainable and the remaining 41% converted into non-convertible debentures. ITPCL operates a 1,200-MW power plant in Tamil Nadu.
RBI cautious on future price shocks, may hold repo steady
October 20, 2023
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RBI cautious on future price shocks, may hold repo steady https://ift.tt/hDnXBs4 Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. The MPC meeting also discussed the need to sustain and stimulate investment, projecting a GDP growth of 6.5% for FY24.
CreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore
October 20, 2023
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CreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore https://ifttt.com/images/no_image_card.png“We continue to witness robust business growth led by healthy new customer additions as we onboarded 3.36 lakh new customers in the second quarter," managing director Udaya Kumar Hebbar said. The NBFC-MFI's gross loan portfolio grew 36% year-on-year to Rs 22,488 crore while the customer base expanded 21% to 46.03 lakh at the end of September.
L&T Fin Holdings' Q2 net profit jumps 46% at Rs 595 crore
October 20, 2023
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L&T Fin Holdings' Q2 net profit jumps 46% at Rs 595 crore https://ift.tt/hDnXBs4 company recorded its highest ever quarterly retail disbursements of '13,499 crore, up 32%, on strong growth across retail segments enabled by digital and data analytics. Retail portfolio mix now stands at 88% of the total loan book against the company's target of 80% by 2026.
Thursday, October 19, 2023
Digital or physical, cash is not king for reserve ratio
October 19, 2023
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Digital or physical, cash is not king for reserve ratio https://ift.tt/gG756z2 person aware of the development told ET that according to current classifications, banks' holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.
High & buy, it's Bajaj Auto on dips: Analysts
October 19, 2023
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High & buy, it's Bajaj Auto on dips: Analysts https://ift.tt/t6NxyE4 the brokerages have raised the target price for the shares by 3-5%. The average target price for the shares is ₹5,490, estimates from Bloomberg showed. While this implies that the stock is unlikely to gain much from the current levels, the shares are showing strength on technical charts.
Rates near peak, one can lock some money into Piramal NCDs
October 19, 2023
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Rates near peak, one can lock some money into Piramal NCDs https://ift.tt/9qBK4Ol secured NCDs have a face value of ₹1,000 and investors can apply for a minimum of 10 NCDs. The issue has a base size of ₹200 crore, with a green shoe option up to ₹800 crore, aggregating up to ₹1,000 crore and are rated 'AA' by ICRA and Care.
Third wheel gives Bajaj Auto profits a leg up
October 19, 2023
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Third wheel gives Bajaj Auto profits a leg up https://ift.tt/9qBK4Ol domestic 3w volume rose by 80% year-on-year to 1,32,236 units while the total volume dropped by 8.4% to 10.5 lakh units reflecting the weakness in the 2w category where the volume dropped by 18%. The share of 3w in the total volume increased to 12.5% from 6.4% a year ago.
Wednesday, October 18, 2023
Shreyas Shipping falls over 8% as delisting move fails
October 18, 2023
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Shreyas Shipping falls over 8% as delisting move fails https://ift.tt/gdskvmS Holdings, which held a 71.25% stake in the company, offered to repurchase shares at ₹400 each, but only 16.61% of shares were tendered, leaving a shortfall of 2.14 percentage points.
Tuesday, October 17, 2023
RBI fines ICICI, Kotak Mahindra Bank for not complying with norms
October 17, 2023
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RBI fines ICICI, Kotak Mahindra Bank for not complying with norms https://ifttt.com/images/no_image_card.pngICICI Bank has been penalised for contraventions pertaining to loans and advances-statutory and non-compliance with RBI directions on fraud classification and reporting, the central bank said on Tuesday. Kotak Mahindra Bank has been fined for non-compliance with directions on managing risks and the code of conduct in outsourcing of financial services by banks as well as failure to comply with RBI directions on recovery agents and customer service.
39 per cent capital cities in India have no active master plan: Report
October 17, 2023
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39 per cent capital cities in India have no active master plan: Report https://ifttt.com/images/no_image_card.pngThe Annual Survey of India's City-System 2023 also states that mayors and councillors only have limited role in key municipal functions. The survey report, released on Tuesday by Union Housing and Urban Affairs Minister Hardeep Singh Puri here, says 17 per cent of cities have a mayoral tenure of less than five years, adding that a tenure of less than five years makes the position of the mayor largely "ceremonial and inconsequential".
Monday, October 16, 2023
Don't expect bumper rewards on card spends this festive season
October 16, 2023
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Don't expect bumper rewards on card spends this festive season https://ift.tt/PDs95FT say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market.
Sunday, October 15, 2023
Angel Tax: No assessment of startups registered with DPIIT
October 15, 2023
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Angel Tax: No assessment of startups registered with DPIIT https://ifttt.com/images/no_image_card.pngThis means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, "contentions of such recognised startup companies on the issues will be summarily accepted".
India is in a good place but global economy is getting weaker, riskier: World Bank chief economist Indermit Gill
October 15, 2023
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India is in a good place but global economy is getting weaker, riskier: World Bank chief economist Indermit Gill https://ifttt.com/images/no_image_card.pngIn an interview with Deepshikha Sikarwar on the side lines of G20 finance ministers and central bank governors meeting in Marrakech, Morocco, Indermit Gill, chief economist, World Bank, said governments will have a tough time managing.
Hamas blocking evacuation of civilians in Gaza: IDF ahead of ground offensive
October 15, 2023
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Hamas blocking evacuation of civilians in Gaza: IDF ahead of ground offensive https://ift.tt/T7mNc1J Israel Defence Force (IDF) has accused Hamas of preventing the evacuation of civilians in the Gaza Strip ahead of a potential ground offensive. The IDF claimed that Hamas fired rockets at Tel Aviv and southern Israel on Saturday night, and that it continues to target Hamas military targets. IDF spokesperson Jonathan Conricus stated that Hamas has issued warnings to civilians not to evacuate and has stopped convoys of people attempting to flee.
Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin
October 15, 2023
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Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin https://ifttt.com/images/no_image_card.png“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.”
Saturday, October 14, 2023
Hamas attacks shatter Israel's kibbutz ideal
October 14, 2023
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Hamas attacks shatter Israel's kibbutz ideal https://ift.tt/ox86Xi5 of kibbutzim in Israel, which are located near the country's borders with Arab neighbors, are living in constant fear and panic due to recent attacks by Hamas and increased tensions with Hezbollah. Many residents have been displaced and are traumatized, with some expressing feelings of isolation and loss. The attacks have highlighted the vulnerability of these farming communities and shattered any sense of invincibility.
Finance minister Nirmala Sitharaman pitches for strong, quota-based IMF
October 14, 2023
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Finance minister Nirmala Sitharaman pitches for strong, quota-based IMF https://ift.tt/cqIdDeM her remarks at the IMF Board of Governors meeting here on the theme of 'Dialogue on Policy Challenges', Sitharaman expressed concerns about the slowdown in global growth. The IMF's steering committee has agreed on achieving a "meaningful increase" in quotas by the end of this year, its chair Nadia Calvino said. The committee also agreed on common priorities to safeguard financial stability, she said.
Western sanctions haven't curbed Russian oil profits, but the green energy transition could
October 14, 2023
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Western sanctions haven't curbed Russian oil profits, but the green energy transition could https://ift.tt/lFEy3pZ Western sanctions and price caps imposed on Russian oil exports, the country's revenues have actually increased due to rising oil prices and a squeeze on supply in global markets. The price cap restricts the sale of Russian oil to third parties and requires them to use services provided by G7, EU, and Australian entities. However, breaches of the cap have been reported, and Russia has reduced its reliance on Western services. Additionally, the long-standing challenges facing Russia's oil industry, such as the decline in output from brownfields and high carbon intensity, could have a sustained negative impact on its oil wealth.
Near-4,000% surge catapults one tiny biotech firm to record week
October 14, 2023
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Near-4,000% surge catapults one tiny biotech firm to record week https://ift.tt/Q6iIsgU of Tempest have come off that high in the two latest trading sessions as investor enthusiasm moderated and a broader market selloff in risky assets batters the high-risk biotechnology sector. The firm’s market value of $49 million on Friday remains more than 15-fold of what it was, before the jump.
Friday, October 13, 2023
Finolex Cables shareholders reject reappointment of Deepak Chhabria
October 13, 2023
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Finolex Cables shareholders reject reappointment of Deepak Chhabria https://ift.tt/cB2mFOp Supreme Court bench led by Chief Justice DY Chandrachud on Friday ordered scrutiniser VM Birajdar to disclose the results immediately and said the National Company Law Appellate Tribunal (NCLAT) can pronounce the judgement later.
G20 greenlights multilateral development bank reforms, crypto rules
October 13, 2023
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G20 greenlights multilateral development bank reforms, crypto rules https://ift.tt/7mvAPeD also adopted a road map for the regulation of crypto assets, marking significant progress on India's G20 agenda. "...The G20 finance track saw key achievements in several areas of India's presidency year," said finance minister Nirmala Sitharaman on Friday, briefing reporters on the outcome of the fourth and last G20 FMCBG meeting under India's presidency.
Thursday, October 12, 2023
Power Grid, REC, PFC among select PSU stocks on fund managers’ September list
October 12, 2023
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Power Grid, REC, PFC among select PSU stocks on fund managers’ September list https://ifttt.com/images/no_image_card.pngAs investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.
Populist expenditure may not hit govt's fiscal deficit targets: Goldman Sach
October 12, 2023
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Populist expenditure may not hit govt's fiscal deficit targets: Goldman Sach https://ift.tt/uUYViGf government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.
India slips four ranks in global hunger index 2023; govt says flawed methodology
October 12, 2023
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India slips four ranks in global hunger index 2023; govt says flawed methodology https://ift.tt/uUYViGf report places India below its neighbours Pakistan (102), Bangladesh (81) and Nepal (69) in the index. It points out that India had the worst rates of wasting, with 18.7% of the children under five who have low weight for their height.
Wednesday, October 11, 2023
Golden Crossovers: JK Paper among 3 stocks signaling further bullishness
October 11, 2023
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Golden Crossovers: JK Paper among 3 stocks signaling further bullishness https://ift.tt/8UzSigO
Gold firm ahead of US CPI data on cautious Fed approach
October 11, 2023
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Gold firm ahead of US CPI data on cautious Fed approach https://ift.tt/VXjR2p0 Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank "watch and see" if its own policy rate needs to rise again or not.
Uncertainty, growth risks put Fed on cautious footing in September, minutes show
October 11, 2023
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Uncertainty, growth risks put Fed on cautious footing in September, minutes show https://ifttt.com/images/no_image_card.png"A vast majority of participants continued to judge the future path of the economy as highly uncertain," said minutes of a meeting where the U.S. central bank agreed to hold rates steady even as a 12-7 majority indicated in new projections that one more rate increase might be needed by the end of the year to ensure inflation returns to the Fed's 2% goal.
Equity mutual fund flows drop 30% in September
October 11, 2023
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Equity mutual fund flows drop 30% in September https://ift.tt/kapK9VB mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).
Sterling & Wilson misses payments to lenders
October 11, 2023
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Sterling & Wilson misses payments to lenders https://ift.tt/C1OTvLX present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.
TCS faces margin hit despite deal wins on growth concerns
October 11, 2023
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TCS faces margin hit despite deal wins on growth concerns https://ift.tt/J5MIl3b top line growth despite robust deal wins suggests that execution milestones for these projects are set farther in future, which may raise concerns since it would strain profitability
Manappuram aims to de-risk cyclicality and allocation stress with microfin arm listing
October 11, 2023
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Manappuram aims to de-risk cyclicality and allocation stress with microfin arm listing https://ift.tt/uUYViGf separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth.
Tuesday, October 10, 2023
Big Movers on D-Street: What should traders do with Ajmera Realty, Suzlon Energy, and ITI?
October 10, 2023
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Big Movers on D-Street: What should traders do with Ajmera Realty, Suzlon Energy, and ITI? https://ift.tt/fKjh5bt were broad-based gains in the market, but the midcap and smallcap segment saw more action on Dalal Street.
Birkenstock prices US IPO at $46 per share
October 10, 2023
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Birkenstock prices US IPO at $46 per share https://ift.tt/i18hFSp IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully diluted basis.
Nifty Realty hits 15-year high as traders ride bullish momentum
October 10, 2023
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Nifty Realty hits 15-year high as traders ride bullish momentum https://ifttt.com/images/no_image_card.png"The rally in Nifty's Realty index broke its September high levels which is an indication of resumption of the uptrend in the segment," said Ruchit Jain, lead research analyst at 5Paisa.com.
BoE gives 3 years to clearing houses for inspection framework
October 10, 2023
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BoE gives 3 years to clearing houses for inspection framework https://ift.tt/i18hFSp European markets regulator in October 2022 de-recognised six domestic clearing houses, creating hurdles for trading and management of billions of dollars' worth of international flows for the continent's banks operating in India.
Who is worried about FPI exits? Not Dalal Street
October 10, 2023
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Who is worried about FPI exits? Not Dalal Street https://ift.tt/AfPXEBj experts that ET spoke to believe that long term investors need to focus on the India growth story rather than feeling concerned over the FPI selling, which has more to do with global geopolitical issues
Mukesh Ambani reclaims richest Indian position
October 10, 2023
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Mukesh Ambani reclaims richest Indian position https://ift.tt/JL4mjtR Gautam Adani, despite a 57% erosion in wealth, was ranked second in the list with a wealth of ₹4,74,800 crore. Last year, he was ahead of Ambani by ₹3 lakh crore.
Indices rebound on global cues, drop in US yields
October 10, 2023
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Indices rebound on global cues, drop in US yields https://ift.tt/lGoLgnF Nifty rose 177.5 points, or 0.91%, to close at 19,689.85. BSE's Sensex climbed 566.97 points or 0.87% to close at 66,079.36. Both indices had fallen over 0.7% on Monday as the escalation in geopolitical tensions in the Middle East resulted in oil prices surging.
Competition authorities cannot look at coordinated enforcement action against international cartels: CCI chief
October 10, 2023
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Competition authorities cannot look at coordinated enforcement action against international cartels: CCI chief https://ift.tt/FLgTYOS addressing the media about the BRICS International Competition Conference to be held in the national capital from October 11-13, she also emphasised that a memorandum of understanding (MoU) with various competition authorities is an important instrument that allows for cooperation and sharing experiences. To a query regarding enforcement against international cartels, the Competition Commission of India (CCI) Chairperson said that when it comes to enforcement, "we have to be very careful in terms of enforcement because each authority has its own legal framework".
Monday, October 9, 2023
Bear Attack: Israel-Hamas conflict spills onto Street
October 09, 2023
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Bear Attack: Israel-Hamas conflict spills onto Street https://ift.tt/cvze3jD Sensex dropped 483.24 points, or 0.73%, to close at 65,512.39 while Nifty declined 141.15 points, or 0.72%, to close at 19,512.35.
Israel-related stocks fall globally as war escalates
October 09, 2023
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Israel-related stocks fall globally as war escalates https://ift.tt/OMCEhza assault has sparked fresh concern about geopolitical risks at a time when global financial markets already were grappling with the impact of higher interest rates and the slowdown in China's economy. Oil prices surged while US stock-indexes dropped.
Largecaps likely to offer best returns going ahead: Experts
October 09, 2023
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Largecaps likely to offer best returns going ahead: Experts https://ift.tt/zHOBqr8 said whenever the market rebounds from the current weakness, large-cap stocks are more likely to outperform their smaller peers. This is because the valuations of mid-cap and small-cap stocks are considered stretched.
Shekel slumps despite $45-billion central bank pledge
October 09, 2023
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Shekel slumps despite $45-billion central bank pledge https://ift.tt/cvze3jD central bank said it would sell as much as $30 billion and extend up to $15 billion through swap mechanisms as part of an unprecedented program to support markets, according to a statement on Monday. The goal of operating in the market during the coming period is to smooth out volatility in the shekel's exchange rate and provide the necessary liquidity, it said.
TCS Q2 may reflect slowdown in spends despite deal wins
October 09, 2023
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TCS Q2 may reflect slowdown in spends despite deal wins https://ift.tt/cvze3jD operating margin (EBIT margin) is expected to improve by 70-90 basis points sequentially due to operating efficiency and absence of major salary increments as they were implemented in the previous quarter. The company reported an EBIT margin of 23.2% in the June quarter
Free to raise commissions, insurers push annuity plans
October 09, 2023
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Free to raise commissions, insurers push annuity plans https://ift.tt/cvze3jD insurance regulator has granted insurers the flexibility to determine commissions across their product range, allowing them to offer higher commissions to distributors for annuities compared to ULIPs and increase the sale of such products.
Govt eases status holder certification process for exports
October 09, 2023
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Govt eases status holder certification process for exports https://ift.tt/NKQUHic and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.
India mulls imposing 25% duty on molasses exports
October 09, 2023
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India mulls imposing 25% duty on molasses exports https://ift.tt/cvze3jD Indian government is considering imposing a 25% duty on the export of molasses due to an expected decline in sugar production. The move aims to increase the availability of molasses for domestic distilleries, helping them meet the government's ethanol blending target. India experienced a dry August, causing damage to the sugarcane crop in key cane-producing states.
Sunday, October 8, 2023
Higher-for- longer rate stance may end early 2024
October 08, 2023
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Higher-for- longer rate stance may end early 2024 https://ift.tt/FBior6N the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift will take only slightly longer to transpire before they too synchronize downwards.
Markets may open lower on heightened geopolitical risks
October 08, 2023
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Markets may open lower on heightened geopolitical risks https://ift.tt/MSYITvW in Israel and the Middle East dropped on Sunday in response to the heightened tensions in the region. Israel equities plunged 5.8% at the time of going to print. Saudi Arabia was down 1.7%, while Kuwait and Qatar markets were trading weak.
'India, Tanzania to sign 15 agreements with eye on USD 10 billion trade'
October 08, 2023
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'India, Tanzania to sign 15 agreements with eye on USD 10 billion trade' https://ift.tt/V43teXd and Tanzania are set to sign 15 agreements covering various areas of cooperation during President Samia Suluhu Hassan's visit to India. The visit aims to elevate bilateral relations to a strategic partnership and enhance trade and investment between the two countries. Tanzania expects an announcement on the extension of a water project, as India has contributed $1 billion in assistance for water projects in Tanzania. The visit also aims to boost trade volumes, with a target of reaching $10 billion in bilateral trade in the next three years. Defence cooperation is another focus area for the two nations.
US biggest export destination for Indian smartphones in Apr-Jul; UAE 2nd: Govt data
October 08, 2023
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US biggest export destination for Indian smartphones in Apr-Jul; UAE 2nd: Govt data https://ift.tt/unXgs3H US was followed by the UAE (USD 836.36 million), the Netherlands (USD 379.3 million), the UK (USD 336.27 million), Italy (USD 245.7 million), and the Czech Republic (USD 230.25 million).
Q2 results this week: TCS, Infosys, HCL Tech, Avenue Supermarts, Delta Corp and others
October 08, 2023
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Q2 results this week: TCS, Infosys, HCL Tech, Avenue Supermarts, Delta Corp and others https://ift.tt/1zHjnhQ than TCS, National Standard (India), Signatureglobal (India), Delta Corp, Samhi Hotels, Zaggle Prepaid Ocean Services, Plastiblends India, Justride Enterprises, and Sanathnagar Enterprises will also announce their Q2 results on October 11.
Corporate actions this week: Gujarat Themis Biosyn to go ex-split, RMC Switchgear ex-bonus and more
October 08, 2023
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Corporate actions this week: Gujarat Themis Biosyn to go ex-split, RMC Switchgear ex-bonus and more https://ift.tt/gBSRZf7 stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
Saturday, October 7, 2023
Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union
October 07, 2023
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Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union https://ifttt.com/images/no_image_card.pngFree Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, and the Association of Southeast Asian Nations. In 2019, New Delhi opted out of the Regional Comprehensive Economic Partnership at the last moment, mainly due to concerns over China’s undue benefits out of the proposed pact.
Bullish Bets: 6 smallcap stocks that can rally up to 25%
October 07, 2023
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Bullish Bets: 6 smallcap stocks that can rally up to 25% https://ift.tt/ybOwqVY brokerage Axis Securities is bullish on a few smallcap stocks, sensing a potential to rally up to 25%. These stocks include JTL Industries, Kirloskar Brother, and CIE Automotive India. The brokerage believes that the Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. Take a look at the list of 6 stocks:
Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit
October 07, 2023
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Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit https://ift.tt/38zdIcl “As the saying goes, ‘A healthy mind in a healthy body’ and this holds true for maintaining mental well-being in the bustling business landscape”
Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit
October 07, 2023
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Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit https://ift.tt/38zdIcl “As the saying goes, ‘A healthy mind in a healthy body’ and this holds true for maintaining mental well-being in the bustling business landscape”
Friday, October 6, 2023
FPIs sell power stocks; buy capital goods in September
October 06, 2023
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FPIs sell power stocks; buy capital goods in September https://ift.tt/mNuMO7s were buyers of shares in sectors such as capital goods, consumer services, financial services, and IT. Overall, foreign portfolio investors (FPIs) pulled Rs. 14,764 crore out of Indian markets in the month
Thursday, October 5, 2023
Sebi urges civic bodies to fund infra via bonds
October 05, 2023
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Sebi urges civic bodies to fund infra via bonds https://ift.tt/QlCw5bi to sources, Sebi held a two-day outreach programme on municipal bonds and financing during October 3-4 at Jaipur with officials from the ministry of housing and urban affairs, the finance ministry, municipal corporations, stock exchanges, credit rating firms, merchant bankers, debenture trustees, lawyers, and institutional investors.
FY24 excise duty collection target may be cut by Rs 45,000 crore
October 05, 2023
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FY24 excise duty collection target may be cut by Rs 45,000 crore https://ift.tt/dTuPYcl Indian government may lower its excise duty collection target for fiscal year 2024 by ₹45,000 crore if crude oil prices remain high, according to sources. However, this revision is not expected to affect overall revenue as other resources can compensate for the shortfall. The final decision on any reduction will be made at the highest political level. The government wants to consider the impact of higher international crude prices and is monitoring the situation closely. It is also planning to cut taxes on fuels to reduce prices ahead of upcoming elections.
Work demand under rural jobs scheme rises in H1
October 05, 2023
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Work demand under rural jobs scheme rises in H1 https://ift.tt/2SLn9my 93% of the FY24 budgetary allocation of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been released, a person familiar with the details told ET. This has prompted the rural development ministry to seek "substantial" supplementary demands for funds to run the scheme throughout this fiscal year, he said.
RBI likely to maintain status quo on benchmark interest rate: Experts
October 05, 2023
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RBI likely to maintain status quo on benchmark interest rate: Experts https://ift.tt/3H5J9Q6 predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI has kept the rate unchanged in the last three policy reviews and is expected to continue with the existing rate structure. The RBI's mandate is to ensure that retail inflation remains at 4% with a margin of 2% on either side. The MPC, headed by RBI Governor Shaktikanta Das, will announce the policy review on Friday.
Wednesday, October 4, 2023
Big movers on D-Street: What should investors do with Nestle, Maruti and Coal India?
October 04, 2023
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Big movers on D-Street: What should investors do with Nestle, Maruti and Coal India? https://ift.tt/R6ZeFYu that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.
Asian shares come off 11-month lows as Treasuries rally
October 04, 2023
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Asian shares come off 11-month lows as Treasuries rally https://ift.tt/TyF4UWG overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan's Nikkei climbed 1.2%.
Sebi forms panel for easing rules
October 04, 2023
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Sebi forms panel for easing rules https://ift.tt/M34hYVy regulator said, following the budget announcement for FY24, it formed 16 working groups, under the aegis of its standing advisory committees.
Edelweiss Alternatives sells CNTL loan to ACRE
October 04, 2023
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Edelweiss Alternatives sells CNTL loan to ACRE https://ift.tt/BipEwFr, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.
Tuesday, October 3, 2023
Vedanta demerger plan credit negative: CreditSights
October 03, 2023
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Vedanta demerger plan credit negative: CreditSights https://ift.tt/Ga9DdwF has maintained its 'buy' recommendation for Vedanta Resources but said it would prefer April 2026 bonds of the company.
RBI may take OMO route for g-securities sales
October 03, 2023
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RBI may take OMO route for g-securities sales https://ift.tt/klROuYf jury is out on how the Reserve Bank of India (RBI) plans to solve this problem. Some analysts believe the RBI may dust off a toolkit unused since 2017 - of organising standalone large-scale open market sales of sovereign debt.
These 5 cement stocks gave up to 37% gains in Q1FY24
October 03, 2023
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These 5 cement stocks gave up to 37% gains in Q1FY24 https://ift.tt/sEmW6oX per tonne reflects how effectively a cement company manages to turn its output into profits. The higher the EBITDA per tonne, the higher the profitability of the company and the higher the competitive advantages. These 5 cement stocks had the highest EBITDA/tonne in Q1 FY24: (Source: Stock edge)
Monday, October 2, 2023
At multi-year highs: Coal India among 4 stocks that saw 5-year swing high breakout
October 02, 2023
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At multi-year highs: Coal India among 4 stocks that saw 5-year swing high breakout https://ift.tt/Flg67LQ
US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India
October 02, 2023
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US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India https://ift.tt/jqrzc54 combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.
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