Analysts differ on charting Tech Mahindra's course https://ift.tt/cqBk37W raised earnings estimates and price targets to account for higher margins but remained uncertain over the growth outlook. "While TechM has delivered an encouraging margin performance, sharp decline in headcount raises concerns on its growth," Jefferies said.
Tuesday, January 31, 2023
US blocks export license renewals for China's Huawei
January 31, 2023
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US blocks export license renewals for China's Huawei https://ift.tt/7a5KQu8 company, which makes network equipment and smartphones, has been on the U.S. Commerce Department's entity list, which comprises those subject to licensing requirements, since 2019. It has been allowed to buy some less advanced components.
Economic Survey 2022-23: A medium-term plan
January 31, 2023
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Economic Survey 2022-23: A medium-term plan https://ift.tt/7a5KQu8 Economic Survey presented in Parliament on Tuesday looks ahead to the medium term while concluding that the pandemic response and recovery phase is now over.
View: Resilient India can brave global headwinds
January 31, 2023
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View: Resilient India can brave global headwinds https://ift.tt/7a5KQu8 world economy is slowing and may experience a major recession later this year. In earlier recessions, India was hit hard, but the Economic Survey is confident that India has become a resilient economy, far more so than others, that will perform well in the face of global headwinds.
Infrastructure creation support will steer economy through global crisis: Economic Survey 2022-23
January 31, 2023
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Infrastructure creation support will steer economy through global crisis: Economic Survey 2022-23 https://ift.tt/7a5KQu8 survey added that while traditional infrastructure sectors such as roads and railways have received a renewed push in recent years, sectors such as inland water transport and civil aviation, which have significant untapped potential, are also being encouraged sufficiently.
Monday, January 30, 2023
ETMarkets Smart Talk: 2023 is likely to be a good year for the infrastructure sector: Mohit Ralhan
January 30, 2023
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ETMarkets Smart Talk: 2023 is likely to be a good year for the infrastructure sector: Mohit Ralhan https://ift.tt/LiYyQ58 The market behaviour is typical of the month before the budget. The Indian markets have fallen in four out of the last five years in the month before the budget. The volatility typically goes up as the budget expectations continue to evolve.
Taxman asks companies to reverse credit claimed on IPO expenses
January 30, 2023
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Taxman asks companies to reverse credit claimed on IPO expenses https://ift.tt/Wse3mhl authorities have started issuing notices to these companies, asking them to reverse credit claimed on expenses for listing of the shares, people aware of the matter said. The authorities argue that listing of shares is equivalent to trading of securities, which is an exempted service as per the GST provisions, hence tax credit claimed by the companies should be reversed.
India seeking to restructure multilateral fin institutions like IMF, WB in its G-20 presidency: Amitabh Kant
January 30, 2023
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India seeking to restructure multilateral fin institutions like IMF, WB in its G-20 presidency: Amitabh Kant https://ift.tt/8N4Odrf said 15x more resources can be ploughed in to fight various developmental challenges like education and health and achieve sustainable development goals by using innovative financial instruments like blended finance, credit enhancement and first loss guarantees.
Sunday, January 29, 2023
Important for L&T to deliver on expectations: Sandip Sabharwal
January 29, 2023
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Important for L&T to deliver on expectations: Sandip Sabharwal https://ift.tt/1IjleGK think there have been questions around the spectacular rise of the Adani Group in the back of the minds of people. So I think that always happens when someone rises up so much at a time where established companies which have been around for so many years have not been able to do that in industries which are not exactly technology driven
Budget 2023 picks: 8 large & midcap stock ideas for up to 36% return
January 29, 2023
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Budget 2023 picks: 8 large & midcap stock ideas for up to 36% return https://ift.tt/XPn2pl1 far in 2023, Nifty is down 2.8% amid selling by FIIs. However, ahead of the Union Budget 2023, brokerage firm Sharekhan by BNP Paribas is bullish on some stocks. The brokerage firm believes that stocks like Axis Bank, SBI and M&M will provide good opportunities to investors. Here is a list of 8 large and midcap stocks that can rally up to 36%, according to Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas:
Rupee left behind in EM rally as RBI rebuilds foreign reserves
January 29, 2023
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Rupee left behind in EM rally as RBI rebuilds foreign reserves https://ift.tt/Tg9sqKV rupee forecasts highlight the downside risk for the Indian currency, which analysts surveyed by Bloomberg expect to end the quarter at 82 against the dollar. While the Bloomberg JPMorgan Asia Dollar index has rallied more than 7% since the start of November, the rupee has only appreciated 1.5%.
ETMarkets Smart Talk: We retain our cautious view on the Indian market for 2023: Kunal Vora of BNP Paribas India
January 29, 2023
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ETMarkets Smart Talk: We retain our cautious view on the Indian market for 2023: Kunal Vora of BNP Paribas India https://ift.tt/4RtaCgj With inflation concerns easing, global and Indian macro-outlook has improved slightly. However, we think the lag effect of sharp interest rate hikes of 2022 should weigh on the global growth outlook in 2023, with most economies likely to see a deceleration in growth, including India.
Oil climbs after drone attack in Iran, China's pledge to promote consumption
January 29, 2023
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Oil climbs after drone attack in Iran, China's pledge to promote consumption https://ift.tt/r4FilCo resumes business this week after its Lunar New Year holidays. The number of passengers travelling prior to the holidays rose above levels in the past two years but is still below 2019, Citi analysts said in a note, citing data from the Ministry of Transport.
Blood on the Street? Pankaj Murarka is looking to mop up midcaps in 4 sectors
January 29, 2023
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Blood on the Street? Pankaj Murarka is looking to mop up midcaps in 4 sectors https://ifttt.com/images/no_image_card.png“Friday was a good day and over the next few days, any investor with a time horizon of one year and above can go and buy into these stocks because these companies are doing well and will continue to do well. The banks clearly stand out in that sense because they are down pretty sharply today. "
Fed set to shrink rate hikes again as inflation slows
January 29, 2023
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Fed set to shrink rate hikes again as inflation slows https://ift.tt/BEVY7F8 questions for Fed Chair Jerome Powell at his post-meeting press conference will be how much higher the central bank intends to raise rates, and what officials need to see before pausing.
What agri commodity market is expecting from Union Budget 2023
January 29, 2023
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What agri commodity market is expecting from Union Budget 2023 https://ift.tt/j4vZxQI that the ban on seven agri-commodity futures contracts in India is more than a year, it is becoming difficult for the market participants to get a better price discovery mechanism and also find it difficult to operate in physical commodities without having any hedge platform to cover their price risk
Great Expectations: What the Indian crypto industry is hoping for in Budget 2023
January 29, 2023
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Great Expectations: What the Indian crypto industry is hoping for in Budget 2023 https://ift.tt/Tg9sqKV current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, therefore, be treated similarly with respect to taxation and setoff benefits.
Saturday, January 28, 2023
ETMarkets Smart Talk: Gold has now turned into a speculative asset: Manoj Trivedi
January 28, 2023
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ETMarkets Smart Talk: Gold has now turned into a speculative asset: Manoj Trivedi https://ifttt.com/images/no_image_card.png"Gold is no longer playing the role of a safe haven during economic crises (as it should have during the Ukraine-Russia War, but did not), nor is it serving as an effective inflation hedge. This is because of trading in gold. Conceptually, depreciation of the INR relative to the USD results in gold prices in INR terms increasing, as India imports a lot of gold."
Market Decoded: Distractions ahead of Adani Group FPO & Budget 2023
January 28, 2023
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Market Decoded: Distractions ahead of Adani Group FPO & Budget 2023 https://ift.tt/LB0ox2h is unlikely that the ongoing chaos will derail India's rising economy’s long-term story. We have a long way to go and much to achieve. There are many stocks and sectors with high quality and credentials. If you have money on the table, it is a good time to start executing in a calculated manner with a medium to long-term view. If you are a cautious investor, you can wait for the time period and deploy in the future in a SIP manner.
How Nifty has fared over last 10 years on Budget day under different finance ministers
January 28, 2023
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How Nifty has fared over last 10 years on Budget day under different finance ministers https://ift.tt/gwyIO95 more such web stories click on the ET icon below
Tesla’s best week since 2013 spurs bets that worst is over
January 28, 2023
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Tesla’s best week since 2013 spurs bets that worst is over https://ift.tt/GVU5Ixj big hurdle for the stock will come next week when the Federal Reserve is expected to raise rates and will give a sense of the path forward for future hikes. A hawkish tone could derail Tesla’s strong start to the year.
Friday, January 27, 2023
This sector drove in top gear over bears to clock best weekly returns
January 27, 2023
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This sector drove in top gear over bears to clock best weekly returns https://ift.tt/kNvKaSw only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.
Wall St Week Ahead: Recession fears pose challenge to energy shares after stellar year
January 27, 2023
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Wall St Week Ahead: Recession fears pose challenge to energy shares after stellar year https://ift.tt/47IG6mi and analysts in a Reuters survey forecast U.S. crude would average $84.84 per barrel in 2023, compared to an average price of $94.33 last year, citing expectations of global economic weakness. U.S. crude prices recently stood at around $80 per barrel.
Ramkumar explains why largecaps are a better play in 2023 vs small & midcaps
January 27, 2023
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Ramkumar explains why largecaps are a better play in 2023 vs small & midcaps https://ifttt.com/images/no_image_card.png"We would prefer to be overweight on cement, capital goods, railways, IT, and pharma. We would be cautious on BFSI. The capital goods sector shall be in the limelight as we expect the public capital expenditure to be increased further over the last year’s 7.5 lakh crore. We expect higher allocation towards capital expenditure in this Budget."
Adani stocks may be inexpensive when compared to new-age stocks: InGovern
January 27, 2023
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Adani stocks may be inexpensive when compared to new-age stocks: InGovern https://ifttt.com/images/no_image_card.png"Even if you ignore the findings of our investigation and take the financials of Adani Group at face value, its 7 key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations," Hindenburg said.
Thursday, January 26, 2023
Hot Stocks: Brokerages on Bajaj Auto, Dr Reddy’s Laboratories, Tata Motors and Cipla post Q3 results
January 26, 2023
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Hot Stocks: Brokerages on Bajaj Auto, Dr Reddy’s Laboratories, Tata Motors and Cipla post Q3 results https://ift.tt/Iu6fiMx margin improved by 176 bps YoY to 24.2% despite soft Revlimid sales, mainly driven by an improvement in the mix. The net profit grew by 9.9% YoY to Rs8bn mainly on the back of a strong operational performance, which was partially offset by a higher tax rate on account of DTA reversal.
Nepal plane crash: Singapore to analyse black boxes
January 26, 2023
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Nepal plane crash: Singapore to analyse black boxes https://ift.tt/FAviqE2 recorders, or black boxes, capture information about a flight such as instrument warnings and audio recordings, and help in piecing together events leading up to an incident. Examination of the black boxes is expected to take a week and will be free, The Kathmandu Post had said on Wednesday.
No significant risk to Indian banking system from Adani Group: CLSA
January 26, 2023
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No significant risk to Indian banking system from Adani Group: CLSA https://ifttt.com/images/no_image_card.png“Indian banking exposure is less than 40% of total group debt,” CLSA said in its report dated January 26. Within this, private banks’ exposure is below 10% of total group debt and most banks have indicated that they have largely financed assets with strong cash flows, such as airports/ports,” it said.
Tata Motors gains pace thanks to margin & volume growth
January 26, 2023
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Tata Motors gains pace thanks to margin & volume growth https://ift.tt/dMDHBpO company's UK subsidiary, Jaguar Land Rover (JLR), whose production volume has suffered due to the shortage of chip supplies, is showing signs of recuperation and is expected to recover sequentially in the next few quarters. JLR has maintained its guidance of more than 80,000 units of sales volume for the last quarter of this financial year and total volume of 310,000 units for the full fiscal.
Smart Talk: Market may be disappointed if capex is not increased this Budget, says Amit Gupta
January 26, 2023
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Smart Talk: Market may be disappointed if capex is not increased this Budget, says Amit Gupta https://ifttt.com/images/no_image_card.png"Affordable housing, electricity, Nal se Jal, and higher manufacturing would remain the prime focus for the government. Infra spending will get a further push. Capital expenditure can be increased from 2.9% of GDP to 3.5% of GDP."
Wednesday, January 25, 2023
AAP to contest in 'as many as seats as possible' in Nagaland assembly polls
January 25, 2023
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AAP to contest in 'as many as seats as possible' in Nagaland assembly polls https://ift.tt/Tedy5xb to the 60-member Nagaland assembly will be held on February 27. AAP had unsuccessfully contested in the 2018 assembly polls.
China says Covid deaths down by nearly 80 percent
January 25, 2023
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China says Covid deaths down by nearly 80 percent https://ift.tt/mSIRQTd figures are believed to only represent a fraction of the true toll, given China's narrow definition of a Covid death and official estimates that swathes of the population have been infected.
Tuesday, January 24, 2023
Five crew rescued after ship sinks off Japan, search on for 17 missing
January 24, 2023
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Five crew rescued after ship sinks off Japan, search on for 17 missing https://ift.tt/HM7eT6r vessel, the 6,651-tonne Hong Kong-registered "Jintian", issued a distress call late on Tuesday, the Japan Coast Guard said. Media reported a person on the ship said it was listing and taking on water, and later reports said the 22 crew members - all Chinese or Myanmar nationals - had transferred to lifeboats.
Big Movers on D-St: What should investors do with Maruti Suzuki, Tata Motors and TVS Motor Company?
January 24, 2023
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Big Movers on D-St: What should investors do with Maruti Suzuki, Tata Motors and TVS Motor Company? https://ift.tt/2Ldzgf6 that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.
Regulator imposes Rs 26 crore fine on Coffee Day
January 24, 2023
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Regulator imposes Rs 26 crore fine on Coffee Day https://ift.tt/LhHZJPk Day Enterprises, in consultation with the NSE, would have to appoint an independent law firm to take effective steps for recovery of the outstanding dues. VG Siddhartha, the chairman of the Coffee Day Group, had reportedly committed suicide in July 2019.
Sebi likely to challenge SAT ruling in SC
January 24, 2023
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Sebi likely to challenge SAT ruling in SC https://ift.tt/p2Cc4ko close to the development said Sebi will argue in the apex court that the tribunal's order is inconsistent with its earlier order against audit firm PWC in the matter of Satyam Computers. SAT had upheld Sebi's order directing PWC to disgorge the fees charged by it.
Banks relying on costly market borrowings for lending
January 24, 2023
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Banks relying on costly market borrowings for lending https://ifttt.com/images/no_image_card.png“At this point in time, we are watching the next central bank move on the repo rate, so raising funds from the market makes sense because we can tweak the tenure. But with term deposits, there is no scope of repricing,” said a senior official at a private sector bank.
Lenders seek stay on Jet's transfer to Jalan-Kalrock Consortium
January 24, 2023
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Lenders seek stay on Jet's transfer to Jalan-Kalrock Consortium https://ift.tt/HM7eT6r NCLT had approved the transfer of Jet Airways' ownership on January 13, despite the lenders' contention that the consortium had not fulfilled all condition precedents (CPs) - including securing the airline's domestic flight slots and international traffic rights - as proposed in the resolution plan.
Maruti an attractive bet on high margins, but slowing demand could be a worry
January 24, 2023
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Maruti an attractive bet on high margins, but slowing demand could be a worry https://ift.tt/VrpMTAI course, we aren't talking about its expanding portfolio of spanking new SUVs here - or that range-topping, highest-specifications crossover that now takes the OTR (on-the-road) price of a Maruti-badged car beyond the ₹20-lakh threshold.
UCO Bank Q3 Results: PAT jumps 110% YoY to Rs 653 crore; highest quarterly net profit in 80 yrs
January 24, 2023
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UCO Bank Q3 Results: PAT jumps 110% YoY to Rs 653 crore; highest quarterly net profit in 80 yrs https://ift.tt/BgkzUlG the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago.On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 5.63 per cent of gross advances as compared to 8 per cent at the end of the third quarter of 2021-22.
Sensitive issues should not eclipse UK FTA talks: Piyush Goyal
January 24, 2023
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Sensitive issues should not eclipse UK FTA talks: Piyush Goyal https://ift.tt/HM7eT6r statement assumes significance in the backdrop of the UK's international trade secretary Kemi Badenoch's statement that more student visas for India were not part of the proposed trade deal, a sensitive issue for India.
Monday, January 23, 2023
Concentrate on banks with exceptional deposit growth: Aditya Shah
January 23, 2023
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Concentrate on banks with exceptional deposit growth: Aditya Shah https://ifttt.com/images/no_image_card.pngSo overall I am positive on the banking sector in 2023. This is the start of an up cycle which could last this year before we start to see the NPA shoot back again into the bank books. However, for this year I feel the loan growth can be very strong and the banks where the deposit growth has been exceptional those are the banks that you need to really concentrate on.
Rise in cement prices crucial to prop up UltraTech stock
January 23, 2023
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Rise in cement prices crucial to prop up UltraTech stock https://ift.tt/NltuIbm the post-earnings' conference call, the management emphasised on the necessity to increase cement prices to deal with high fuel prices. Without that, there will be pressure on operating profit margins.
Yes Bank's AT-1 bondholders may get equity against bonds
January 23, 2023
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Yes Bank's AT-1 bondholders may get equity against bonds https://ift.tt/0RlfYyb Bank CEO Prashant Kumar on Saturday said that the bank will challenge the high court’s decision while adding that there is no compulsion on the bank to pay interest on or redeem its AT- 1 bonds. He said this while speaking with analysts on Saturday soon after the announcing quarterly results.
Urban governance reforms likely to receive push in Union Budget
January 23, 2023
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Urban governance reforms likely to receive push in Union Budget https://ift.tt/d2Z0czO finance minister may announce a new five-year mission and create a competition fund to incentivise urban reforms. States will be able to tap into the fund if they achieve certain benchmarks like covering 20% of expenditure through collection of user charges.
Sunday, January 22, 2023
Beat the Street in Peter Lynch style with these 10 Indian stocks
January 22, 2023
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Beat the Street in Peter Lynch style with these 10 Indian stocks https://ift.tt/YDXxwMR
Climate change: Punjab's cotton, maize yield to dip by 11-13% by 2050, says report
January 22, 2023
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Climate change: Punjab's cotton, maize yield to dip by 11-13% by 2050, says report https://ift.tt/d2Z0czO study published in the Mausam journal of the India Meteorological Department earlier this month used rainfall and temperature data collected between 1986 and 2020 to project the impact of climate change on five major crops -- rice, maize, cotton, wheat, and potato -- in the agrarian state.
Big Movers on D-St: What should investors do with RIL, ICICI Bank, Kotak Mahindra Bank post Q3 results?
January 22, 2023
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Big Movers on D-St: What should investors do with RIL, ICICI Bank, Kotak Mahindra Bank post Q3 results? https://ift.tt/SF4VUtW, buying was seen in power, utilities, banks, and the public sector while selling was seen in telecom, consumer durables, FMCG, and metals.
Jio’s topline hurt by muted user revenue growth in December Quarter
January 22, 2023
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Jio’s topline hurt by muted user revenue growth in December Quarter https://ift.tt/dr53T1I added 5.3 million customers in October-December, including wired broadband or fibre-to-the-home (FTTH) users. The telecom market leader does not give a breakdown of mobile and wired broadband user additions.
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow
January 22, 2023
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Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow https://ifttt.com/images/no_image_card.png"A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for most part of this year has also posed challenges," Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said.
Nifty to recover towards 18400-500 level; F&O traders can short straddle: ICICIdirect
January 22, 2023
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Nifty to recover towards 18400-500 level; F&O traders can short straddle: ICICIdirect https://ift.tt/TtkRoVK a data perspective, during the recent recovery, the Nifty saw closure among short positions as FIIs closed their shorts last week. Moreover, the prevailing high Nifty premium has declined considerably in the last few sessions and is just close to 20 points ahead of the monthly settlement. However, aggressive Call writing is continued at ATM and OTM strikes which may act as an immediate hurdle. However, acceleration might be seen if Nifty can move above 18,200 levels.
Saturday, January 21, 2023
China rings in Lunar New Year with most COVID rules lifted
January 21, 2023
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China rings in Lunar New Year with most COVID rules lifted https://ift.tt/wkJAfoT Lunar New Year is the most important annual holiday in China. Each year is named after one of the 12 signs of the Chinese zodiac in a repeating cycle, with this year being the Year of the Rabbit. For the past three years, celebrations were muted in the shadow of the pandemic.
Bharat Jodo Yatra resumes amid tight security in Jammu and Kashmir's Kathua
January 21, 2023
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Bharat Jodo Yatra resumes amid tight security in Jammu and Kashmir's Kathua https://ift.tt/wONgL7D by J-K Pradesh Congress chief Vikar Rasool Wani, working president Raman Bhalla and hundreds of volunteers carrying the tricolour, Gandhi entered Samba district's Tapyal-Gagwal after crossing Londi check point at around 8 am and was greeted by enthusiastic workers and supporters waiting on both sides of the road.
YES Bank Q3 Results: Net profit drops 81% to Rs 51.5 crore
January 21, 2023
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YES Bank Q3 Results: Net profit drops 81% to Rs 51.5 crore https://ift.tt/pEwxJkf net interest margin (NIM) in Q3 stood at 2.5% up nearly 10 bps YoY and down 10 bps QoQ. Provisions rose 45% QoQ to Rs 845 crore. While net advances rose 10.4% YoY to Rs 194,573 crore, total deposits increased 15.9% YoY to Rs 213,608 crore.
Dubai may pay Beyonce with $24 million for a show
January 21, 2023
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Dubai may pay Beyonce with $24 million for a show https://ift.tt/bho6Maz will perform to a VIP audience for a reported $24 million and fireworks will light up the sky above the city’s famous artificial tree-shaped island of Palm Jumeirah. Dubai and Kerzner International will be hoping that the landmark opening of the ultra-luxurious hotel, which cost about $1.5 billion to build, doesn’t signal the top for the emirate that’s been booming since it emerged as a safe haven during the pandemic
Friday, January 20, 2023
Why target maturity funds are gaining popularity
January 20, 2023
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Why target maturity funds are gaining popularity https://ift.tt/mSiYDXg Target Maturity Funds (read Index funds and ETFs) aims to replicate the composition of the underlying debt index and have a specified maturity date.
Mind Over Money: Balanced diet, gym and 10-minute meditation help this research head to beat mental stress
January 20, 2023
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Mind Over Money: Balanced diet, gym and 10-minute meditation help this research head to beat mental stress https://ift.tt/WdcaxG8 lesson here is that once you have spent enough time in the markets, which are ultimately a reflection of how the underlying economy is progressing, you own part of great businesses that can do well over market cycles and economic conditions or phases that will occur regularly, and you will have the patience to let pass the setbacks from economic data or black swan events that do not matter as much.
5 world market themes for the week ahead
January 20, 2023
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5 world market themes for the week ahead https://ift.tt/rYf0eqg fallout might be limited, but risks will emerge closer to June, when the government approaches the date beyond which the Treasury will likely have exhausted emergency manoeuvres to stave off default.
Canara Bank to sell its stake in Russian joint venture to SBI for Rs 114 crore
January 20, 2023
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Canara Bank to sell its stake in Russian joint venture to SBI for Rs 114 crore https://ift.tt/LbDKMxt Bank has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI, the bank said in a regulatory filing.
Judge fines Trump, lawyer for 'frivolous' Clinton lawsuit
January 20, 2023
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Judge fines Trump, lawyer for 'frivolous' Clinton lawsuit https://ift.tt/9WghTtF a blistering filing on Thursday, U.S. District Judge Donald M. Middlebrooks accused Trump of a "pattern of abuse of the courts" for filing frivolous lawsuits for political purposes, which he said "undermines the rule of law" and "amounts to obstruction of justice."
Thursday, January 19, 2023
Stock to buy today: 7 short-term trading ideas by experts
January 19, 2023
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Stock to buy today: 7 short-term trading ideas by experts https://ift.tt/TbpVPAK VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.
FMCG sector to do well over the next six to nine months: Abneesh Roy
January 19, 2023
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FMCG sector to do well over the next six to nine months: Abneesh Roy https://ifttt.com/images/no_image_card.pngYes, the outlook is definitely improving and we will continue to prefer the leaders in the pack. Yes for HUL the royalty issue is a near term negative but in the broader scheme of things I think it is not too much of an issue.
Big Movers on D-St: What should investors do with Mahindra CIE, HUL and Asian Paints?
January 19, 2023
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Big Movers on D-St: What should investors do with Mahindra CIE, HUL and Asian Paints? https://ift.tt/HaFc7hm, on the short-term time frame, the momentum indicators suggest that the stock is in an overbought zone and high chances of quick short-term correction are not ruled out if the stock trades below 368 or 10-Day SMA.
Russia’s exclusion from SWIFT an opportunity for China to internationalise RMB
January 19, 2023
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Russia’s exclusion from SWIFT an opportunity for China to internationalise RMB https://ift.tt/alYpM3L tried to find ways to minimise the bite of sanctions. Russian businesses are using RMB to settle more of their trade. They are also borrowing more in the Chinese currency. Russia has got a currency in RMB that could allow it to settle its international payments without using dollars while China has got the opportunity to internationalise RMB at a faster pace.
Oil prices climb on hopes for Fed slowing interest rate hikes
January 19, 2023
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Oil prices climb on hopes for Fed slowing interest rate hikes https://ift.tt/nKjMVW0 to most economists in a Reuters poll, the Fed will end its tightening cycle after a 25 basis point hike at each of its next two policy meetings, and then likely hold interest rates steady for at least the rest of the year.
Tata Motors back on funding Street, seeks around $600m for EV biz
January 19, 2023
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Tata Motors back on funding Street, seeks around $600m for EV biz https://ift.tt/xgL854G move is part of an ambitious strategy by the leader in the electric passenger vehicle market to raise significant funds, both via external and internal sources, to support its growth plans through product innovations, especially of EV platform, top executives close to the development said.
Wednesday, January 18, 2023
FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen
January 18, 2023
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FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen https://ift.tt/XkEaMhA flagged multiple reasons for the FPI selloff - expensive valuations due to the recent outperformance of Indian equities over their global peers, reallocation of funds to China and Taiwan for their relatively cheaper valuations, the reopening trade in China and global growth concerns.
ETMarkets Fund Manager Talk: Despite underperformance, this fund manager remains overallocated to mid, smallcaps
January 18, 2023
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ETMarkets Fund Manager Talk: Despite underperformance, this fund manager remains overallocated to mid, smallcaps https://ift.tt/7Z1x3Oi are a quant firm that focuses on systematic equity factors to design our portfolios. Price and earnings momentum are two such factors. We overlay it with low volatility such that we prefer stocks that are going up with relatively lower volatility. We also look at analyst coverage for a consensus view.
Donald Trump says he never read book accusing him of rape
January 18, 2023
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Donald Trump says he never read book accusing him of rape https://ift.tt/jsO5Y2T, a former longtime Elle magazine advice columnist, accused Trump in the book of attacking her in an upscale Manhattan department store in late 1995 or early 1996 after they ran into each other by chance and exchanged lighthearted banter about who should try on a piece of lingerie.
India’s buzzing economic activity belies fears of a slowdown
January 18, 2023
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India’s buzzing economic activity belies fears of a slowdown https://ift.tt/bVUEwzO needle indicating so-called animal spirits moved right after holding steady for five straight months — indicating stronger overall economic activity as 2022 drew to a close. Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
Japanese banks get go-ahead to settle all trades via CCIL
January 18, 2023
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Japanese banks get go-ahead to settle all trades via CCIL https://ift.tt/rSAnXbe could put pressure on European Securities and Markets Authority (ESMA) which has derecognised CCIL. The standoff between RBI and European financial regulators stems from the latter's demands which the Indian central bank believes is extra-territorial.
Reliance Capital administrator proposes auction on Jan 23
January 18, 2023
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Reliance Capital administrator proposes auction on Jan 23 https://ift.tt/SdQnaeT the heart of the dispute is a bid from the Hinduja Group entity given 24 hours after the auction deadline (December 21), trumping the offer made within the stipulated time by Torrent Investments. While Torrent has offered an upfront payment of Rs 8640 crore, Hinduja offered Rs 8950 crore, including Rs 8110 crore as an upfront payment. However, both offers are below liquidation value.
Tuesday, January 17, 2023
IIFL Securities’ Prasad Sawant on how to invest in REITs as an asset class
January 17, 2023
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IIFL Securities’ Prasad Sawant on how to invest in REITs as an asset class https://ifttt.com/images/no_image_card.png“REITs have been there for a long time in other global markets like the US but in India, the Sebi started drafting papers for these kinds of investment trusts in 2007 and we got our first REIT listed on the exchange in 2019; it was the Embassy Office Parks REITs. There are 3 listed REITs in India.”
ETMarkets Smart Talk: We expect some rationalization in capital gains tax structure in Budget 2023: Reshma Banda
January 17, 2023
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ETMarkets Smart Talk: We expect some rationalization in capital gains tax structure in Budget 2023: Reshma Banda https://ift.tt/bVUEwzO Indian economy is relatively better placed than its peers and other advanced economies. In the near-term, returns would be moderate in India due to premium valuations both on a historical basis and also as compared to other emerging economies.
Asian shares tentative, Japan yields close to policy cap ahead of BOJ meeting
January 17, 2023
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Asian shares tentative, Japan yields close to policy cap ahead of BOJ meeting https://ift.tt/HsAy2Fo BOJ's official two-day meeting will end on Wednesday and speculation is rife it will make further changes to its yield curve control (YCC) policy, given that the market pushed 10-year government bond yields above the policy cap of 0.5% in the past three sessions.
India’s capex spending is likely to slow on lower tax haul
January 17, 2023
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India’s capex spending is likely to slow on lower tax haul https://ift.tt/GWthcMQ Finance Minister Nirmala Sitharaman presents this year’s budget on Feb. 1, she faces the daunting task of balancing a commitment to narrowing the fiscal deficit with keeping the engines of growth well-oiled. India’s ambition to become the world’s factory hinges on enhancing infrastructure and smoothing out logistics — areas that still need plenty of government funding.
Old pension schemes could strain state finances, RBI warns
January 17, 2023
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Old pension schemes could strain state finances, RBI warns https://ifttt.com/images/no_image_card.png"The annual saving in fiscal resources that this move entails is short-lived. By postponing the current expenses to the future, states risk the accumulation of unfunded pension liabilities in the coming years," it said in its report on state finances.
Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer
January 17, 2023
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Airtel won't oppose Vodafone's bid to sell Indus stake to external buyer https://ift.tt/YRJ0iez Vodafone Group and India's Aditya Birla Group are facing increasing pressure from the government and lenders to infuse equity into Vodafone Idea-their cash-strapped telecom joint venture-to shore up external investor confidence. One of the avenues available to the British telco is selling its remaining or part of the 21.05% stake in Indus and injecting the proceeds into Vi. Bharti Airtel owns 47.95% in Indus.
Monday, January 16, 2023
Stocks to buy today: 7 short-term trading ideas by experts for 17 January 2023
January 16, 2023
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Stocks to buy today: 7 short-term trading ideas by experts for 17 January 2023 https://ift.tt/xqAHV2O, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.
Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
January 16, 2023
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Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum https://ift.tt/nNbGQhT artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos at the World Economic Forum's annual meeting this week.
Oil prices slip on global recession gloom
January 16, 2023
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Oil prices slip on global recession gloom https://ift.tt/5oPcM1H reported on Friday that at least four Chinese-owned supertankers were shipping Russian Urals crude to China and a fifth supertanker was shipping crude to India, with the oil available at a discount following the imposition of an oil price cap by the Group of Seven (G7) nations.
Investor fund body moots easier rules for reclaiming shares
January 16, 2023
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Investor fund body moots easier rules for reclaiming shares https://ift.tt/jMJWhPZ authority also suggested that a time frame be introduced for reclaiming such shares. As per the proposal, claimants would be able to reclaim their shares if they apply within the stipulated time. Thereafter, the authority would sell the shares and convert them into money and the claimants would get the sale value of shares instead of shares.
Jio’s Ebitda for FY24 may fall 7% short of previous projections: JP Morgan
January 16, 2023
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Jio’s Ebitda for FY24 may fall 7% short of previous projections: JP Morgan https://ift.tt/jMJWhPZ brokerage said Jio’s renewed focus on acquiring high ARPU (average revenue per user) customers over the past few quarters could mean that the telco will refrain from implementing a 4G tariff hike in 2023, leading to lower-than-expected Ebitda growth.
Sunday, January 15, 2023
ETMarkets Smart Talk: Range-bound market making index trading difficult: Sumeet Bagadia
January 15, 2023
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ETMarkets Smart Talk: Range-bound market making index trading difficult: Sumeet Bagadia https://ift.tt/qp4VZUW began the week near 17950 and ended very close to the same level, forming a Doji candle on a weekly chart, indicating a bearish trend reversal. The volume profile suggests that the Index may find support in the 17750-17850 range.
The drug mules carrying Europe's cocaine in their guts
January 15, 2023
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The drug mules carrying Europe's cocaine in their guts https://ift.tt/OZUjdXW -- some of them pregnant -- and even children are among those who risk their lives for a few thousands euros (dollars) by swallowing tightly wrapped packages of the drug, or hiding them in their body cavities.
Asian shares inch higher, BOJ battles bond bears
January 15, 2023
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Asian shares inch higher, BOJ battles bond bears https://ift.tt/jMJWhPZ dollar has been undermined by falling U.S. bond yields as market wager the Federal Reserve can be less aggressive in hiking rates given inflation has clearly turned the corner.
SMBC Bank, Oaktree submit EoIs for IDBI's strategic stake sale
January 15, 2023
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SMBC Bank, Oaktree submit EoIs for IDBI's strategic stake sale https://ift.tt/jMJWhPZ government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.
Inflation is the biggest threat today and central banks have to do a little more to bring it down: Bill Winters
January 15, 2023
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Inflation is the biggest threat today and central banks have to do a little more to bring it down: Bill Winters https://ift.tt/1fNucsX think the biggest threat is inflation and the inability of central banks to actually control inflation. When you just read the headlines, you think that the inflation problem is behind us. Well, it's not right
Breakout picks! Tata Investment Corp among 10 stocks to track this week
January 15, 2023
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Breakout picks! Tata Investment Corp among 10 stocks to track this week https://ift.tt/dgznILj
Friday, January 13, 2023
Iran executes British-Iranian national Alireza Akbari: Report
January 13, 2023
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Iran executes British-Iranian national Alireza Akbari: Report https://ift.tt/DXbaYLZ state media broadcast a video on Thursday that they said showed that Akbari played a role in the 2020 assassination of Iran's top nuclear scientist, Mohsen Fakhrizadeh, killed in a 2020 attack outside Tehran which authorities blamed at the time on Israel
UBS has no desire to buy Credit Suisse, chairman tells newspaper
January 13, 2023
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UBS has no desire to buy Credit Suisse, chairman tells newspaper https://ift.tt/wPWLu4d former Morgan Stanley president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy his bank's embattled cross-town rival.
Foreign tourists may get tax refunds on goods bought in India
January 13, 2023
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Foreign tourists may get tax refunds on goods bought in India https://ift.tt/3JPORLg executives and experts said section 15 of the IGST Act, 2017 provides for the Tax Refund for Tourists scheme but it has yet to be implemented. The issue has been taken up collectively by industry associations ahead of the Union budget for 2023-24, said Jyoti Mayal, vice chairperson, Federation of Associations for Indian Tourism and Hospitality.
Thursday, January 12, 2023
Storms, tornadoes slam US South, killing at least 7 people | Economic Times
January 12, 2023
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Storms, tornadoes slam US South, killing at least 7 people https://ift.tt/qWvtM8i, there were 33 separate tornado reports Thursday from the National Weather Service as of Thursday evening, with a handful of tornado warnings still in effect in Georgia, South Carolina and North Carolina. However, the reports were not yet confirmed and some of them could later be classified as wind damage after assessments are done in coming days.
Oil heads for solid weekly gain on China demand hopes | Economic Times
January 12, 2023
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Oil heads for solid weekly gain on China demand hopes https://ift.tt/2qfrDce prices have also been buoyed by a slide in the dollar to a nearly nine-month low after data showed U.S. inflation fell for the first time in 2-1/2 years, reinforcing expectations the Federal Reserve will slow the pace of rate hikes.
Sebi notices to PE, VC funds for flouting rules | Economic Times
January 12, 2023
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Sebi notices to PE, VC funds for flouting rules https://ift.tt/ouVjwAr private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to the fund tenures they had specified in their respective offer documents while garnering the corpus, the people cited above said. Many of the early funds, floated around 2013-14, were scheduled to wind up their operations by 2021-2022.
Mutual funds continue to pare exposure to NBFCs | Economic Times
January 12, 2023
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Mutual funds continue to pare exposure to NBFCs https://ift.tt/LiPr0Yl, investments in corporate debt of NBFCs dropped by 25.8% over last year to ₹65,000 crore in November 2022. The percentage share of total corporate debt to NBFCs, too, declined to 4.1% in November 2022 from 5% in November 2021.
Maharashtra sugar output set to decline 6-7% | Economic Times
January 12, 2023
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Maharashtra sugar output set to decline 6-7% https://ift.tt/WmJQPMD had produced 138 lakh tonnes of sugar in the 2021-22 season, a record in the state's history. The state, which accounts for more than one third of the country's sugar production, was looking to break this record in the current season due to equally high planting of sugarcane. However, as the crushing season is half over, it has become clear that the sugar production will be lower than the previous year.
Apax Partners likely to sell its entire stake in Shriram Fin via block deal | Economic Times
January 12, 2023
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Apax Partners likely to sell its entire stake in Shriram Fin via block deal https://ift.tt/OzfYTgc Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company
Wednesday, January 11, 2023
Big Movers on D-St: What should investors do with Infosys, HCL Technologies and Bharti Airtel? | Economic Times
January 11, 2023
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Big Movers on D-St: What should investors do with Infosys, HCL Technologies and Bharti Airtel? https://ift.tt/eVMmEUk December 22, the stock is showing a continuous downtrend, the price has trimmed more than 10% in this period. So, after the result, some recovery is expected in this IT giant. Technically there is a major support level of Rs 1350, and any unexpected outcome from the results can retest the price to its support level.
ETMarkets Smart Talk: 7 things which markets want from Finance Minister in Budget 2023: Deepak Jasani | Economic Times
January 11, 2023
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ETMarkets Smart Talk: 7 things which markets want from Finance Minister in Budget 2023: Deepak Jasani https://ift.tt/nHTsBV1 we enter 2023, India could continue to benefit from a high investment-to-GDP ratio (at 33% in FY23 versus 30.5% in FY21), higher infra, railway, road, and defense spending by the government; continued revival in the real estate sector, PLI-driven investments and supply chains are being consciously decoupled as national security concerns outdo economic efficiency.
ETMarkets Fund Manager Talk: Why does this fund manager avoid capital-intensive businesses like power, roads? | Economic Times
January 11, 2023
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ETMarkets Fund Manager Talk: Why does this fund manager avoid capital-intensive businesses like power, roads? https://ift.tt/SEiWm3f view risk as a permanent loss of capital and, hence, believe in investing only within our circle of competence and in companies with the highest standards of corporate governance. We minimise risk through in-depth research and diligence, which is ingrained in our DNA.
Asia stocks hit 7-month high on China and CPI bets | Economic Times
January 11, 2023
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Asia stocks hit 7-month high on China and CPI bets https://ift.tt/9IkGord on Thursday reported consumer price falls in December and a larger-than-expected drop in factory gate prices - underscoring the weakness in demand that investors are betting will recover over the coming months.
SBI to sell its Rs 700-cr Visa Steel loan account | Economic Times
January 11, 2023
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SBI to sell its Rs 700-cr Visa Steel loan account https://ift.tt/sybIFqS offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process against Visa after the Cuttack bench of the National Company Law Tribunal (NCLT) had admitted the borrower for commencement of bankruptcy proceedings, acting on a plea by Punjab National Bank (PNB) late November.
Soon, it may take a week to reclaim IPEF a/c shares | Economic Times
January 11, 2023
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Soon, it may take a week to reclaim IPEF a/c shares https://ift.tt/OtxMVoc IPEF authority, which falls under the Ministry of Corporate Affairs (MCA), plans to introduce a green channel through which investors will be able to instantly verify their know your customer (KYC) documents on the IPEF portal. This can be done by virtual verification of documents, such as the Aadhaar card or the passport.
Tuesday, January 10, 2023
Scope for 7-10% uptick in Tata Motors from current levels: Hemang Jani | Economic Times
January 10, 2023
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Scope for 7-10% uptick in Tata Motors from current levels: Hemang Jani https://ift.tt/bVUkjI6 think having some sort of a cap on what sort of exposure you are taking when it comes to PSUs would definitely be advisable. This is because when you are going through a turbulent time and 2023 right from the beginning looks like it is going to be a difficult year to navigate, we have to remember that what kind of exposure in which kind of sectors and stocks you are taking exposure. That becomes very crucial so we would avoid high beta low quality names when it comes to this year.
Big Movers on D-St: What should investors do with Sona BLW, Mahindra CIE and Tata Motors? | Economic Times
January 10, 2023
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Big Movers on D-St: What should investors do with Sona BLW, Mahindra CIE and Tata Motors? https://ift.tt/EQFe2To this period, the price has made a Lower Top Lower Bottom Pattern. At a lower level, the stock moved sideways for a few weeks and after consolidating in a range; the price has given some pullback with high volumes.
US stock market: Wall Street ends higher, Powell comments avoid rate policy | Economic Times
January 10, 2023
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US stock market: Wall Street ends higher, Powell comments avoid rate policy https://ift.tt/Tfvo76p comments by other Fed officials have supported the view that the central bank needs to remain aggressive in raising interest rates to control inflation. Fed Governor Michelle Bowman said on Tuesday the bank will have to raise interest rates further to combat high inflation.
Sebi eases OFS norms for non-promoter investors | Economic Times
January 10, 2023
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Sebi eases OFS norms for non-promoter investors https://ift.tt/054f3cD cooling-off period under the OFS mechanism for most liquid shares is around two weeks, for liquid shares around four weeks and for illiquid shares it is around 12 weeks.
Lenders pick PFC-REC offer for Lanco Amarkantak Power | Economic Times
January 10, 2023
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Lenders pick PFC-REC offer for Lanco Amarkantak Power https://ift.tt/054f3cD PFC-REC team received 95% of lender votes by value of debt, while Adani Power secured 17%, people cited above told ET. The voting percentages need not total up to 100 as lenders could vote for one offer, an alternative, or all of the options on the table. Reliance Industries, the third bidder in the fray, did not receive any votes, said the people cited above.
Niti Aayog preparing index for agri transformation now | Economic Times
January 10, 2023
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Niti Aayog preparing index for agri transformation now https://ift.tt/Xf4VcaU senior government official told ET that the Agriculture Transformation Index is likely to measure the performance of states across seven pillars - inputs, sustainability, productivity and diversification, policy, preservation, processing and exports, and farmers' income and welfare.
Monday, January 9, 2023
ETMarkets Fund Manager Talk: Manufacturing theme a decadal opportunity, expect tax sops extension in Budget: Vikas Khemani | Economic Times
January 09, 2023
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ETMarkets Fund Manager Talk: Manufacturing theme a decadal opportunity, expect tax sops extension in Budget: Vikas Khemani https://ift.tt/TvxU3tj is one of the best placed markets globally in terms of growth, governance and stability profile.The last year’s performance was steep, but was not surprising. I think It will continue for quite some time.
TCS Q3 net profit grows 11% YoY to Rs 10,846 crore | Economic Times
January 09, 2023
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TCS Q3 net profit grows 11% YoY to Rs 10,846 crore https://ift.tt/OtW0rdL to reporters, TCS chief executive officer and managing director Rajesh Gopinathan said the company sees no "structural problem with the US and the (slowdown) is more a transient one".
Forex kitty grows in Q3 on better external factors, but headwinds need close watch | Economic Times
January 09, 2023
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Forex kitty grows in Q3 on better external factors, but headwinds need close watch https://ift.tt/yNUAZOR fell $104 billion in the one year up to September 30 - and surged $30 billion in just the next three months. Forex reserves are at $562.8 billion as of December 30 - enough to cover around nine months of projected imports.
Banks could raise more than Rs1.4 lakh crore through bond issuances in FY23: ICRA | Economic Times
January 09, 2023
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Banks could raise more than Rs1.4 lakh crore through bond issuances in FY23: ICRA https://ift.tt/CgaSzEZ that the credit-to-deposit (CD) ratio for the banking system is expected to continue firming up, overall gross bond issuances is expected to create an all time high of Rs. 1.3-1.4 lakh crore by the end of the current fiscal year, domestic rating agency ICRA has estimated.
PM Narendra Modi to hold pre-budget meeting with Niti Aayog | Economic Times
January 09, 2023
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PM Narendra Modi to hold pre-budget meeting with Niti Aayog https://ift.tt/O79fnIj union ministers are also expected to attend the meeting to get a sense of necessary policy measures in their respective sectors to propel growth. Finance minister Nirmala Sitharaman will present the Union Budget 2023-24 in the Parliament on February 1.
Sunday, January 8, 2023
China reopening is going to be the big story of 2023: Arvind Sanger | Economic Times
January 08, 2023
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China reopening is going to be the big story of 2023: Arvind Sanger https://ift.tt/MZArU7d think it is a little early but we have had many false starts before hoping that the Fed is done and every time some slightly favourable data comes the market rallies. Then when the next data points comes and the Fed governors comes and talk and then it sells off.
ETMarkets Fund Manager Talk: Won’t like to be the jockey to invest big despite India’s strong prospects: Nishit Shah, PhillipCapital | Economic Times
January 08, 2023
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ETMarkets Fund Manager Talk: Won’t like to be the jockey to invest big despite India’s strong prospects: Nishit Shah, PhillipCapital https://ift.tt/TvxU3tj is relatively better placed with expected nominal GDP growth of 10-15% range for next 8-10 years. India has the ‘D3’ power which none of the other EM has: Democracy, Demography and Digitisation, and this is what will attract a lot of global liquidity.
Reliance Consumer to focus equally on full FMCG range, backend sourcing | Economic Times
January 08, 2023
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Reliance Consumer to focus equally on full FMCG range, backend sourcing https://ift.tt/WRh03EA floated FMCG flagship Reliance Consumer Products (RCPL) said it intends to enter the entire spectrum of domestic, household and consumer goods such as pharmaceuticals, food products and beverages, agri- and non-agricultural produce, commodities, educational, raw, processed and commercial products. The filing was made to the Registrar of Companies.
India Inc earnings likely to get worse before getting better from H2 of 2023 | Economic Times
January 08, 2023
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India Inc earnings likely to get worse before getting better from H2 of 2023 https://ift.tt/0NvpqzK the Dec-14th Fed meet, with two back to back inflation readings surprising positively, markets began to price in a bullish Fed pivot – growth supportive vs inflation fighting - for 2023. Widely broadcasted speech of Chair Powell in Nov-22 indicating a downshift
Buy every dip; FII flows will pivot back to India from China: Harendra Kumar | Economic Times
January 08, 2023
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Buy every dip; FII flows will pivot back to India from China: Harendra Kumar https://ifttt.com/images/no_image_card.png“I think every dip should be bought into – be it 5% or 7% because the risk reward is favourable. We have three large events next year. One is the HDFC Bank merger will be over; we will have Reliance which is significantly under owned and the reversal of flows, which is more inflows coming into India.”
Saturday, January 7, 2023
FPIs begin New Year in sell-off mode; withdraw Rs 5,900 cr from equities in a week | Economic Times
January 07, 2023
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FPIs begin New Year in sell-off mode; withdraw Rs 5,900 cr from equities in a week https://ifttt.com/images/no_image_card.png"Increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US have been keeping FPIs away from emerging markets like India," Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said.
What should investors do with TCS, Infosys & HCL Tech ahead of Q3 results? | Economic Times
January 07, 2023
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What should investors do with TCS, Infosys & HCL Tech ahead of Q3 results? https://ifttt.com/images/no_image_card.png"The Nifty50 index has been showing lower top formation patterns on the daily chart since the last one month which suggests a bearish biased view and with the onset of result season, one can anticipate for fluctuations and swings this month. Currently, the 17,780-17,800 levels would be crucial which if decisively broken can trigger for fresh sell-off, with next downside targets visible near the 17500 and 17250 (200-DMA levels) zone."
Should you be selling on rallies now? Andrew Holland answers | Economic Times
January 07, 2023
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Should you be selling on rallies now? Andrew Holland answers https://ifttt.com/images/no_image_card.png"If we get any rallies, it is probably worth selling into in our view because I do not think in the next one year, China can make up for the kind of recession that we are going to see in Europe, UK. It’s looking like a mild recession in the US at the moment. It is going to get worse before it gets better for the metal stocks, probably it is the second half of 2023 trade."
17 killed, 22 injured in road traffic accident in eastern China: State media | Economic Times
January 07, 2023
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17 killed, 22 injured in road traffic accident in eastern China: State media https://ift.tt/SQl4Y7c "major road traffic accident" took place just before 1 am (1700 GMT) in Nanchang County. Around an hour after the news emerged, Nanchang County traffic police issued travel tips to drivers saying the area was experiencing "foggy weather".
Lawrence McMillan's trading tips to manage risks and avoid losses | Economic Times
January 07, 2023
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Lawrence McMillan's trading tips to manage risks and avoid losses https://ift.tt/VsQFnKA McMillan is a professional trader and the founder and president of McMillan Analysis Corporation, a registered investment adviser and commodity trading adviser.
Dividend stocks are not just about PSUs. Check out these 8 ideas | Economic Times
January 07, 2023
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Dividend stocks are not just about PSUs. Check out these 8 ideas https://ift.tt/bhkSaWO a dividend portfolio, PSU stocks are known for better dividend yields. Some PSU stocks like NMDC, REC, HUDCO and Coal India have over 9% dividend yields. Similarly, private sector stocks like PCBL, Polyplex Corporation, Indus Tower and ITC also delivered decent dividends to their investors.
Over 400 mid, smallcap stocks clock weekly gains when bears knocked down Sensex | Economic Times
January 07, 2023
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Over 400 mid, smallcap stocks clock weekly gains when bears knocked down Sensex https://ift.tt/qvGhOC3 stock has seen a strong build-up of long positions in the derivative segment. Since the expiry of the December derivative series, the stock has gained 14% and hit an over-five-year high of Rs 160.80 on Friday. If the stock manages to cross Rs 170 and trades above that level, it will become eligible to enter into the MSCI index.
Friday, January 6, 2023
Big tech targets bond market for cash to buy back sinking stocks | Economic Times
January 06, 2023
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Big tech targets bond market for cash to buy back sinking stocks https://ift.tt/xh4w1kJ companies in the high-grade market spent the past decade binging on debt and pushing ratings down to the last rung of investment-grade. Now, as an economic downturn looms, the average blue-chip company is expected to be in balance sheet repair mode, according to Bank of America strategist Yuri Seliger.
Compliance date for capital gains tax exemption extended to March 31 | Economic Times
January 06, 2023
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Compliance date for capital gains tax exemption extended to March 31 https://ift.tt/SQl4Y7c relaxation was announced following representations and in view of hardships faced by taxpayers due to Covid-induced restrictions. "In exercise of its power under Section 119 of the Act, hereby provides that the compliances ..., may be completed on or before March 31," the CBDT notification said
Thursday, January 5, 2023
We may see a major bull run in gold in 2023: Kunal Shah | Economic Times
January 05, 2023
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We may see a major bull run in gold in 2023: Kunal Shah https://ifttt.com/images/no_image_card.pngThe gold duty in India has been hiked in the year 2022 so we have not seen the real returns coming out of real bull running gold right now and that is what has started from last two months and going forward in 2023 we are going to see a major bull run in gold from here.
ETMarkets Fund Manager Talk: Don’t bet on events like Budget as impact on markets reduced: Viraj Mehta, Equirus Wealth | Economic Times
January 05, 2023
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ETMarkets Fund Manager Talk: Don’t bet on events like Budget as impact on markets reduced: Viraj Mehta, Equirus Wealth https://ift.tt/RVlD0y5 non-financials, operating margin has been impacted due to raw material inflation and other supply chain issues. But I see some recovery in margins for non- financials and healthy topline and bottomline growth for financials, which will enable double digit EPS growth for 2023 or FY24.
Gold set for weekly gain, traders eye U.S. jobs data | Economic Times
January 05, 2023
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Gold set for weekly gain, traders eye U.S. jobs data https://ift.tt/HilVGz4 prices were little changed on Friday as cautious investors positioned themselves for key U.S. jobs data. The safe-haven bullion was still bound for a third straight weekly gain. The market's focus shifts to the U.S. Labor Department's closely watched nonfarm payrolls (NFP) data due at 1330 GMT.
Revenue growth of telcos likely to be sluggish in Q3 | Economic Times
January 05, 2023
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Revenue growth of telcos likely to be sluggish in Q3 https://ift.tt/sRgEuW6 profit after tax (PAT) for the quarter is expected to be flat at ₹4,753.8 crore as the company recognises a portion of 4G spectrum cost, said ICICI Securities. The firm expects Bharti Airtel to benefit from lower forex in the quarter, pushing its PAT up nearly 49% quarter-on-quarter to ₹3,194.5 crore. I-Sec pegged Vi's December quarter loss, amid continuing customer churn, to be almost flat at ₹7,536 crore compared with ₹7,595 crore in the July-September quarter.
Bajaj Finance shares plunge over 7% as co reports moderation in loan growth | Economic Times
January 05, 2023
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Bajaj Finance shares plunge over 7% as co reports moderation in loan growth https://ift.tt/WbNr2Bu said slower growth has raised questions about the prospects of Bajaj Finance shares, which are considered expensive compared to other lenders.
First Abu Dhabi explored offer for Standard Chartered | Economic Times
January 05, 2023
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First Abu Dhabi explored offer for Standard Chartered https://ift.tt/Zd7Dtax Middle East's largest bank was previously in the "very early stages of evaluating a possible offer for Standard Chartered" but is no longer doing so, it said in a regulatory filing Thursday. Bloomberg News reported earlier that FAB had been assessing Standard Chartered for more than six months as it considered a potential bid for the London-based lender.
Govt hopeful of rise in FDI inflows in coming months | Economic Times
January 05, 2023
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Govt hopeful of rise in FDI inflows in coming months https://ift.tt/hOwSCFd equity inflows fell nearly a quarter to $10.3 billion in the quarter to September 2022 from $13.6 billion a year earlier. In the first half of this financial year, FDI equity inflows shrank 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows were 8.8% lower at $39.09 billion in the April-September period from $42.86 billion a year ago.
Wednesday, January 4, 2023
CES 2023: Russian exhibitors barred from tech show | Economic Times
January 04, 2023
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CES 2023: Russian exhibitors barred from tech show https://ift.tt/bVMCpfT organization did not immediately respond to an inquiry about how many Russian companies attended past CES events, or if there was less interest from them this year. The U.S. is among about 30 countries that have sanctioned Russia over the invasion.
At multi-year highs: These 4 stocks gave 5-year breakouts | Economic Times
January 04, 2023
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At multi-year highs: These 4 stocks gave 5-year breakouts https://ift.tt/qFD2aOx more such web stories click on the ET icon below
ETMarkets Fund Manager Talk: After a lull in 2022, trading volumes seen coming back in eventful 2023: Tejas Khoday, FYERS | Economic Times
January 04, 2023
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ETMarkets Fund Manager Talk: After a lull in 2022, trading volumes seen coming back in eventful 2023: Tejas Khoday, FYERS https://ift.tt/q4oPfh0 will be interesting to see how the IPO market plays out. Last time, when the biggest IPO happened, it sucked out a lot of liquidity from the market. With IPOs generally what happens is liquidity is redistributed.
Big Movers on D-St: What should investors do with FACT, RCF, Linde India and United Spirits? | Economic Times
January 04, 2023
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Big Movers on D-St: What should investors do with FACT, RCF, Linde India and United Spirits? https://ift.tt/0OQKBIp trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.
Gold prices steady ahead of U.S. jobs data | Economic Times
January 04, 2023
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Gold prices steady ahead of U.S. jobs data https://ift.tt/gbWeZv6 zone business activity contracted less than initially thought at the end of last year, according to a survey that suggested the bloc's recession may not be as deep as expected. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.09% to 916.77 tonnes on Wednesday.
Tuesday, January 3, 2023
New Zealand won't require Chinese arrivals to show COVID-19 test | Economic Times
January 03, 2023
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New Zealand won't require Chinese arrivals to show COVID-19 test https://ift.tt/usTCbfk number of countries including Britain, the United States and Australia have demanded that travellers from China produce a negative COVID-19 test over concerns about the scale of the country's outbreak and scepticism over Beijing's health statistics. The move has been criticised by Chinese state-media as discrimatory.
IT companies expected to report muted Q3 | Economic Times
January 03, 2023
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IT companies expected to report muted Q3 https://ift.tt/8MrOQcK ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.
Apple’s slide topples last stock in $2 trillion club | Economic Times
January 03, 2023
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Apple’s slide topples last stock in $2 trillion club https://ift.tt/YvQkIxB Apple’s valuation is the hope that the company still has major growth opportunities ahead. Services have been a key area of expansion in recent years and now represent more than a fifth of revenue. The company also is working on some big swings, such as a mixed-reality headset that could be unveiled as soon as this year and an electric vehicle.
NSEL investors face ED glare on trades | Economic Times
January 03, 2023
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NSEL investors face ED glare on trades https://ift.tt/iHycnpS notices, served under the Prevention of Money Laundering Act, were received by investors over the past fortnight, two persons familiar with the matter told ET. The agency has asked investors to share details about their trades between 2009 and 2013 - the year thousands lost money after a payment default by NSEL.
SBI board approves fund raise of Rs 10,000 cr via infra bonds to meet credit growth | Economic Times
January 03, 2023
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SBI board approves fund raise of Rs 10,000 cr via infra bonds to meet credit growth https://ift.tt/DUTnEYS its first tranche, the country's biggest lender raised Rs 10,000 crore through 10-year infrastructure bonds at 7.51% annual coupon in December
Monday, January 2, 2023
Tesla car sales grow more slowly than expected, amplifying concerns | Economic Times
January 02, 2023
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Tesla car sales grow more slowly than expected, amplifying concerns https://ift.tt/kcQP6OE recent months, Tesla has appeared vulnerable to competition from established carmakers and to rising borrowing rates which made its electric cars more expensive for people taking out loans. Indications that Tesla is mortal have contributed to a 65% decline in Tesla shares in 2022, and led investors to focus more on conventional measures like sales and profits rather than dreams of world domination.
ONGC should pursue speed, not perfection: Arun Kumar Singh | Economic Times
January 02, 2023
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ONGC should pursue speed, not perfection: Arun Kumar Singh https://ifttt.com/images/no_image_card.png"Let us not waste resources chasing perfection. Speed is more important than accuracy in the phase ONGC is now, where we need to make the discoveries faster. Of course, safety procedures remain paramount," chairman Arun Kumar Singh told the executives at a recent meeting, according to people in the know.
Fried Fish with Sweet Chilli Sauce
January 02, 2023
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INGREDIENTS
250 gm fish fillets
10 gm corn flour
25 gm onion shallot
10 gm garlic
10 gm coriander leaves
3 gm sugar
15 ml tamarind juice
15 ml veg stock
500 ml virgin olive oil
0 salt as required
5 gm red chilli
How to make Fried Fish with Sweet Chilli Sauce
Step 1
Pound coriander roots, garlic, red chilli and shallots using a mortar and pestle.
Step 2
Add corn flour in a bowl along with some water. Mix to make a slurry.
Step 3
Now just dip fish fillet slices in corn flour slurry and deep fry them in hot oil. Once fried well, take the pieces out on a plate.
Step 4
Now heat oil in a pan. Add the mixture that we prepared by pounding coriander roots, garlic, red chilli and shallots. Stir fry for a minute. Add sugar and salt as per taste along with veg stock and tamarind juice. Cook for 5-7 minutes or until the sauce thickens.
Step 5
Place the fish on a plate and pour the thick sauce on the fish. Garnish with some coriander leaves and serve.
Via Recipes & Food: Easy & Healthy Recipes, Beverages, Food Articles Online on Times Food https://ift.tt/ZUzs7JPRice prices up 15%, Palm oil seen rising too | Economic Times
January 02, 2023
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Rice prices up 15%, Palm oil seen rising too https://ift.tt/bGvIHxP basmati variety of rice is selling at a record high of Rs 110 per kg as compared with Rs 95 per kg a month ago. Traders attribute this to rice millers building stocks in anticipation of better prices in the world market as floods in Pakistan have damaged the country's rice crop.
Sunday, January 1, 2023
Global economy faces tougher year in 2023, warns IMF head Kristalina Georgieva | Economic Times
January 01, 2023
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Global economy faces tougher year in 2023, warns IMF head Kristalina Georgieva https://ift.tt/kcQP6OE October, the IMF cut its outlook for global economic growth in 2023, reflecting the continuing drag from the war in Ukraine as well as inflation pressures and the high interest rates engineered by central banks like the U.S. Federal Reserve aimed at bringing those price pressures to heel.
Landmark gas deal with Qatar gives China unprecedented control over energy | Economic Times
January 01, 2023
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Landmark gas deal with Qatar gives China unprecedented control over energy https://ift.tt/Jt324gs has been carefully -and without much fanfare- building up its presence in the Gulf and aims to become a significant stakeholder in one of the largest natural gas fields in the world, something that will give it unprecedented control over energy.
View: 2023 could be anything, from boom year to crash | Economic Times
January 01, 2023
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View: 2023 could be anything, from boom year to crash https://ift.tt/3XMQeY2 will not be able to choose its policy stance in 2023; it will have to react to a very volatile global situation. In a best-case scenario, growth could zoom to 7%. In a worst-case scenario, it could sink to half that.
What's in store for investors in 2023 | Economic Times
January 01, 2023
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What's in store for investors in 2023 https://ift.tt/JtHvxzB will be a first for many investors who joined the rush into equities in recent years and for whom 'buy-on-dips' was a sure shot strategy to make money in the market.
At present cryptos have little value other than as speculative device: Raghuram Rajan | Economic Times
January 01, 2023
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At present cryptos have little value other than as speculative device: Raghuram Rajan https://ift.tt/3CKFJom Rajan: I do not want to enter a debate which probably is already fraught. Let me just step back from India and say more generally the ultimate objective of monetary policy is to tighten financial conditions. The central banks have been acting on using a variety of tools including not just the policy rate but also various liquidity management tools. I think about the central bank
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