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Cash is paying more than traditional stock-bond portfolio https://ift.tt/EDKdoP6 steep jump in those payouts has reduced the incentive for investors to take risks, marking a break from the post-financial crisis era when persistently low interest rates drove investors into increasingly speculative investments to generate bigger returns. Such short-term securities are typically referred to as cash in investing parlance.

Bitcoin rally is much-needed lifeline for troubled miners after grim quarter https://ift.tt/6B2phNO canceled the release of fourth-quarter results Tuesday after saying there had been “accounting errors” in several quarters of its financial statements. The US Securities and Exchange Commission raised questions about how the miner recognized the impairment of digital assets and revenue.

Tata Power, 3 others in fray for PTC India stake https://ift.tt/EDKdoP6 Adani Group, which was also widely expected to participate in the bidding process, has not submitted an EoI, the people said. Five public sector undertakings, including four promoter firms of PTC India, are planning to sell their stake in the power trading company that is hit by a controversy over alleged governance issues at its financial services subsidiary.

RBI showcauses ARCs after audit following Income Tax raids https://ift.tt/owOEanN December 2021, the I-T department carried out a search and seizure of 60 premises of four ARCs - Omkara ARC, Rare ARC, CFM ARC, and Invent ARC. The searches, according to the department, revealed that some ARCs adopted various unfair and fraudulent trade practices in acquiring non-performing assets (NPAs) from lender banks.

Nikki Haley bashes Pakistan; reiterates US won't be world's "ATM" if she voted to power https://ifttt.com/images/no_image_card.png"I will cut every cent in foreign aid for countries that hate us. A strong America doesn't pay off the bad guys. A proud America doesn't waste our people's hard-earned money. And the only leaders who deserve our trust are those who stand up to our enemies and stand beside our friends," the 51-year-old two-term Governor of South Carolina, who earlier this month formally launched her 2024 presidential bid, wrote in an op-ed in the New York Post.

Don't be averse to risk, take the right amount of risk at the right time: Deepinder Goyal https://ift.tt/iZNvkaR care about the work. I actually care like about our customers loving us, about our partners actually loving us, about us growing fast, us making money about our people here who are working and making a lot of money. So that is what I care about.

Asian shares edge higher, dollar rally takes a breather https://ift.tt/Ytc7GaW broadest index of Asia-Pacific shares outside Japan was 0.25% higher but was set to end the month down about 6%. Japan's Nikkei rose 0.44%, while Australia's S&P/ASX 200 index gained 0.51%.

Amid Hindenburg row, lenders to retain credit limits of Adani Enterprises https://ift.tt/7YBIWvn has rated loans of ₹13,900 crore. They comprise fund-based and non-fund-based loans, as per a Care Rating report released in mid-October last year. It also has working capital loans of nearly ₹2,000 crore, most of which comprise commercial paper (CP), a lender said.

March to bring bear-market risks for US stocks: Morgan Stanley https://ift.tt/MEb8Rsy pausing earnings estimates cuts over the next 12 months has stoked some investor optimism, Wilson said. However, bear markets typically feature a flattening out in outlook between quarterly earnings seasons before the downward trend resumes, he wrote. "Stocks tend to figure it out a month early and trade lower and this cycle has illustrated that pattern perfectly."

A second-half stock-market rally is still in play despite rout https://ift.tt/6Ik823K S&P 500 Index is coming off its worst week since Dec. 9, as hotter-than-forecast inflation data boosted speculation that the Fed will lift borrowing costs several more times, potentially pausing in July. That’s a steeper path of policy tightening than investors were bracing for just a few weeks ago.

Adani’s world tour seeks to win back debt investors’ faith https://ifttt.com/images/no_image_card.pngAdani’s ports-to-power empire is seeking to shore up support after US-based Hindenburg Research in January alleged malfeasance, wiping nearly $150 billion off its stock market valuation. Adani Group has repeatedly denied those claims.

DoT nod soon for Vodafone Idea's payment plan https://ift.tt/6Ik823K company had submitted the plan after the government asked it to provide a tentative date for making the payment as the telco is believed to have paid just around 10% of its statutory dues for the period.

More tightening will be required if fiscal cooperation is absent: Christine Lagarde, President, ECB https://ift.tt/cahkQLs see the Indian G20 presidency as a fantastic opportunity for India to draw on its own experience in the field of digitalisation, digital currency, regulatory environment for cryptocurrencies and to push that agenda on a universal basis to bring some sanity into this particular sector, says Christine Lagarde.

UK and EU leaders to meet amid hope of Brexit trade spat fix https://ift.tt/UVLaI18 a joint statement on Sunday the U.K. and the EU said European Commission President von der Leyen will travel to Britain on Monday so the leaders can work towards "shared, practical solutions for the range of complex challenges around the Protocol on Ireland and Northern Ireland."

US papers drop 'Dilbert' after creator's racist remarks https://ift.tt/rv9sJtg Adams, who rose to fame in the 1990s with his satirical take on white-collar office life, has increasingly stoked controversy with his views on social issues. But a video posted on Wednesday -- in which Adams referred to Black people as a "hate group" -- proved to be the last straw for many "Dilbert" publishers.

KV Kamath says digital economy can contribute 25% GDP by FY29 https://ift.tt/BErplhY digital economy -- the digital infrastructure, e-commerce and other digital payments and services segments--can be the country's biggest growth-driver and can contribute as much as 25 per cent of the incremental GDP by the time India becomes a USD 7-trillion economy by FY29. Currently, the share is a low 4 per cent, Kamath told PTI in an interaction over the weekend.

Fresh from the oven! Delhivery among 5 stocks on which brokerages initiated coverage https://ift.tt/pY5iqEv host of brokerage firms have initiated coverage on a number of counters and the majority of them remain positive on them. They see a strong potential of value unlocking in these companies, with a targeted upside of up to 75%.These stocks belong to various sectors such as auto, household appliances and logistics. Here is a list of 5 stocks on which brokerages initiated coverage:

FPIs sell-off spree continues; withdraw Rs 2,300-cr from equities in Feb https://ift.tt/cHUWX29 Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said rising rates in the US might lead to more capital outflows from emerging markets including India

India, UK finance ministers agree to make further progress on FTA https://ifttt.com/images/no_image_card.png"At a meeting with Indian Finance Minister Nirmala Sitharaman, both sides agreed to make further progress on the UK-India Free Trade Agreement and deepen bilateral economic and financial ties," the Treasury department said in a statement.

ETMarkets Smart Talk: Constructive on India story but equity markets have to deal with these 3 headwinds in 2023: Niraj Kumar https://ift.tt/FXYnaoc the past 12 months, Indian equity markets have weathered numerous adverse events like the Russia-Ukraine conflict, surging energy costs (Crude oil & Natural gas), unprecedented inflation in the developed world and consequent aggressive global monetary tightening etc.

Odisha's surplus budget focuses on agriculture, education and health https://ift.tt/HjGNJBq finance minister Niranjan Pujari said the state has grown at an average of 8.1 per cent for the past eight years while presenting the budget. Odisha is one of the few states with surplus revenue of ₹26,739 crore accounting for 3.1 per cent of the GSDP.

RIL-backed co, new-age techies among 41 firms to post losses for 4 straight quarters https://ift.tt/lMAVw4Q Alok Industries, Bombay Dyeing and Manufacturing Co, Wockhardt, Suven Life Sciences, Spencer’s Retail, Inox Wind, Sagar Cements, Restaurant Brands, Religare Enterprises, and Orissa Mineral Development Co, among others also remained in the red for 4 straight quarters.

Not very bullish on salary revisions that are likely to happen this year: Rituparna Chakraborty https://ift.tt/3lKF0sr No one is out there would like to do any kind of hires which are not extremely-extremely need based. I mean, if you can postpone that decision, people are willing to postpone that decision. So it is completely something which is out of the way right now. So those are terminologies which no one is talking about. It may be happening, but it is not really something that people are going to be exceptionally bothered or concerned about.

ETMarkets Smart Talk: Constructive on India story but equity markets have to deal with these 3 headwinds in 2023: Niraj Kumar https://ift.tt/UieZ0zb the past 12 months, Indian equity markets have weathered numerous adverse events like the Russia-Ukraine conflict, surging energy costs (Crude oil & Natural gas), unprecedented inflation in the developed world and consequent aggressive global monetary tightening etc.

Regulatory push has helped deepen bond market: Ind-Ra https://ift.tt/VKTmhyC high-rated borrowers would continue to scout for the cheapest sources of funding, it will ultimately be a function of the capital market's competitiveness with banks - both in terms of interest and tenure.

More Asian countries interested in Rupee trade: Central bank executive https://ifttt.com/images/no_image_card.png"The world can trade two ways - in one currency and the second option is to trade in other currencies. The second one is obviously less risky,'' said a central bank executive on the sidelines of the G20 meeting of finance ministers and central bankers.

Adani rout has room to run as charts show 85% call still valid https://ift.tt/PHQkWDb of those seven show a strong potential to be affected by technical levels, according to a Bloomberg analysis.

ZEEL will continue to struggle at current levels: Pankaj Pandey https://ift.tt/0AJdC4D the IT side according to me it is probably some time to book profits because see, when you look at US as a market while the spends or TCVs have been good for most of the companies, quarter on quarter growth has been on expected lines, margin expansion of say about 100 odd bps for some of the companies was on expected lines.

ETMarkets Smart Talk: FIIs moving money from India to Hong Kong, China and South Korea: Dr. V K Vijayakumar https://ift.tt/RtqOCgI have been selling in India and are moving money to cheaper markets like China, Hong Kong, and South Korea where valuations had turned attractive relative to India.

Oil prices edge higher, pause from six-day losing streak https://ift.tt/Shx5anA has also been pressured by signs of further crude inventory builds. U.S. crude oil and fuel inventories rose by 9.9 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.

US stock market: S&P ends down as Fed minutes fail to halt losing run https://ift.tt/K9kblTU, a general weakening in the final hour of trading pushed both the S&P 500 and the Dow Jones Industrial back into the red. The Nasdaq Composite managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.

Carlyle Aviation to convert lease rental dues to equity in SpiceJet https://ift.tt/mxz8uw3 aware of the development said Carlyle will take an equity stake of around 5% in the company. SpiceJet will also issue Convertible Debentures in its newly- formed logistics arm SpiceXpress, which Carlyle can convert to equity at a future date. As part of this exercise, SpiceJet has valued its freighter business at $1 billion.

High interest rates a challenge for the global economy, says World Bank chief David Malpass https://ifttt.com/images/no_image_card.png"India has been taking advantage of these somewhat better global developments. I should mention, however, for many developing countries, that conditions are still harsh. That includes the high price of food and energy and fertiliser, which makes agriculture so challenging for many developing countries," David Malpass said.

ETMarkets Fund Manager Talk: Scientific allocation process helped this fund manager give index-beating returns in 2022 https://ifttt.com/images/no_image_card.pngIndia’s underperformance started in October 2022 once the pressure on global markets eased. The worst Asian markets of 2022 – China, Taiwan and South Korea -- received maximum flows. Lower bond yields and dollar supported US treasuries, IG credit and Nasdaq stocks.

ETMarkets Management Talk: eClerx will deliver margins within target range: Co-founder PD Mundhra https://ift.tt/zvwARE0 have experienced strong growth over the last couple of years with growth of 40% in calendar 2021 and 27% in calendar 2022. Our total delivery headcount has also grown by 19% over the last 12 months to 16,697 as of December 31, 2022.

Seattle becomes first U.S. city to ban caste discrimination https://ift.tt/PSFa8Yr to outlaw discrimination based on caste, a division of people based on birth or descent, have grown louder among South Asian diaspora communities in the United States. But the movement is getting pushback from some Hindu Americans who argue that such legislation maligns a specific community.

Growth may have come down to about 5% in Q3: ET poll https://ift.tt/esaBvic annual outlook is expected to worsen for the next fiscal year as a global slowdown and rising interest rates weigh on growth. The Reserve Bank of India (RBI) has projected FY24 growth at 6.4%, but economists expect an even lower number.

Sebi to tighten disclosure norms for newly-listed companies https://ift.tt/h9uQbAD cases when companies get listed close to the timeline prescribed for submission of financial results, they would be required to announce the first financial results within a very short period of time post listing.

Russia says it gave no security guarantees to Joe Biden during his surprise Kyiv visit https://ifttt.com/images/no_image_card.png"Indeed, the United States notified Russia about Biden's visit to Kiev - via diplomatic channels. But we gave no guarantees of his security," Federal Security Service (FSB) Director Bortnikov said in an interview with the Shot Telegram channel. Russia was informed about the trip a few hours before President Biden's departure for "deconfliction purposes", a US official said.

Hot Stocks: Brokerage view on Bajaj Finance, Power Grid, Bharti Airtel and ITC https://ift.tt/Gh8Us9S remained positive on Bajaj Finance and L&T Finance within the NBFC space amid positive earnings traction post-Q3FY23 results. The global investment bank has a target of Rs 9,000 per share for Bajaj Finance, and Rs 115 for L&T Finance.

China says deeply concerned over 'out of control' Ukraine conflict https://ift.tt/UPMu40n has sought to position itself as a neutral party on the war in Ukraine, while maintaining close ties with its strategic ally Russia. Beijing has pledged to publish a proposal aimed at finding a "political solution" to end the war ahead of the first anniversary of Russia's invasion on February 24.

Clash erupts at Pakistan-Afghanistan border on Durand Line after closing Torkham Gate https://ift.tt/9us3eaB closure of the gate caused problems for many people needing medical care abroad and their accompanying relatives. They called on the two sides to reach an agreement over reopening the gate. "There should be pressure on Pakistan to allow the patients. There are two to three people that are accompanying the patients. Pakistan is not treating us well," said Najibullah, a patient.

Big Movers on D-St: What should investors do with Sonata Software, UltraTech Cement and Persistent Systems? https://ift.tt/9us3eaB stock surpassed its long-term supply zone of Rs 4,950 and rose to a new lifetime-high of Rs 5,095. Above average volume and rise in future open interest signals that major market participants were in favor of the bulls.

Three dead, more than 200 hurt as new quake hits Turkey, Syria https://ift.tt/gPrMDzG new 6.4 magnitude earthquake struck parts of Turkey and Syria that were laid waste two weeks ago by a massive quake that killed around 45,000 people. Officials said more buildings collapsed, trapping occupants, and several people were injured in both countries.

14 passengers killed, 63 injured in bus crash in Pakistan https://ift.tt/9us3eaB crash happened overnight near the town of Kallar Kahar in Punjab province, a deputy commissioner, Quratulain Malik, said. She said all the dead and injured had been moved to a hospital.She provided no further details, and police said they were still investigating the cause.

Stocks to buy today: 7 short-term trading ideas by experts https://ift.tt/PUQskgM data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17800 to 18100 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

China's billionaire CEO Bao Fan disappears; share stock plunges https://ift.tt/UQNdAvx Renaissance Holdings, in a filing to Hong Kong Stock Exchange Market, said that the company was unable to reach Bao. "The board is not aware of any information that indicates that Mr. Bao's unavailability is or might be related to the business and/or operations of the group which is continuing normally," China Renaissance said in the statement.

Difficult for Nifty to cross 18000 by this Feb F&O expiry; Axis Bank top value pick: Apurva Sheth https://ifttt.com/images/no_image_card.png"Axis Bank has improved its asset quality, NIM, and profitability in the past few years. The bank has also changed gears in building digital infrastructure and has made investments in the same. The bank's ongoing efforts to expand its asset portfolio in a targeted way (retail loans make up 57% of the total book), focus on the mobilization of low-cost granular deposits, declining credit costs, margin expansion, and an improved return ratios matrix are encouraging signs for future growth in earnings."

FPIs shift focus back on Indian market; invests Rs 7,600 cr in a week https://ift.tt/TsxGuOr the markets began to recover from the Adani shock, the flows from FPIs also improved, suggesting their renewed interest in the prospects of the Indian equity markets," Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said

Beginners guide to wealth creation in stock market this year https://ift.tt/edYzSPo more such web stories click on the ET icon below

Weak fundamentals continue to put downside pressure on crude oil prices https://ift.tt/K2YbAsZ move was in a view of limiting Russia’s fossil fuel earnings without hindering the global supply chain of the widely used fossil fuel. The seven-member group believes that the price cap would limit Russia’s ability to pay for its war against Ukraine.

Global cues, monthly F&O expiry among 8 factors that will drive markets this week https://ifttt.com/images/no_image_card.png"While global cues could act as the major trigger for domestic equities in the near-term, the Nifty 50 is likely to remain resilient due to reasonable valuations and India's macro stability," said Narendra Solanki, head of equity research at Anand Rathi Shares and Stock Brokers. Here are the factors that will drive markets in the week ahead.

9 smallcap stocks rallied up to 39% to hit fresh 52-week highs last week. Do you own any? https://ift.tt/eSlQyCh nine stocks are Nuclear Software Exports, Finolex Cables, Waaree Renewable Technologies, Chaman Lal Setia Exports, PG Electroplast, Ganesh Benzoplast, WPIL, Zen Technologies, and Apar Industries. Nuclear Software Exports hit its 52-week high on February 16. The stock has rallied 39% in the past week. So far this year, the shares have surged 42% on a year-to-date basis.

Gold remains vulnerable as 4 bearish factors are at play https://ift.tt/esYfaC1, much stronger-than-expected US data like Q4 GDP, advance retail sales (February), ISM non-manufacturing (January), and US durable goods orders (December) have faded away the risk of a recession at least in the near term. Thus, expectations of a Fed pivot are being pared down.

The underperformance of India in 2023… not a surprise https://ift.tt/1f0c7uV, India’s key challenges are selling from FIIs, a high-interest rate, elevated inflation, and slowing earnings growth. We feel that most of the issues are getting factored into the prices. If the cautiousness continues in the short-term, we can presume that the worst is over, limiting further price corrections though valuation moderate.

Inflation surges to nearly 40 per cent in crisis-hit Pakistan https://ift.tt/2DYRhEC is trying hard to contain inflation in the last few weeks, but with little success. The recent hike in inflation comes even as the Pakistan government imposed new taxes and increased petroleum prices to fulfill the demand of the International Monetary Fund (IMF) before releasing USD 1.1 billion dollars under an already agreed USD 7 billion deal.

Planning to invest in mutual funds? 5 risks you need to be aware of https://ift.tt/KoU5f4r these numbers should not put you off investing in mutual funds, it is better to understand the underlying risks of investing in mutual funds to formulate a strategy and earn decent returns.

Gun violence in US: Gunman kills 6, including ex-wife, in Mississippi https://ift.tt/98JPlpD shootings are the first mass killing in the US since January 23, which saw the last of six in a three-week period, according to an Associated Press/USA Today database. It defines a mass killing as four or more people dead, not including the perpetrator.

Budget discourages delaying payments to MSMEs, says FM Nirmala Sitharaman https://ift.tt/sndwGrZ to the finance ministry's constant nudge, government departments have mostly cleared their dues to MSMEs within the usual 45 days, or at best within 90 days. However, the minister indicated that many larger private sector firms are not clearing their dues on time, which prompted the government to resort to such a move.

Ramesh Damani on how to create nest egg for grandchildren, Jhunjhunwala’s legacy and more https://ifttt.com/images/no_image_card.png“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”

ETMarkets Fund Manager Talk: For markets, sustenance of earnings growth crucial over next few years: Shibani Sircar, Kotak AMC https://ift.tt/es6q7MW, with this near term underperformance, some of the premium valuations of India over emerging markets have come off from the highs seen last year. Absolute valuations too, have corrected and are now closer to the long-term averages.

China's top tech banker, Bao Fan of China Renaissance, goes missing https://ift.tt/6OZghiN is a well-known dealmaker in China who has carved out a career working on high-profile tech transactions. He started China Renaissance in 2005. Bao is also China Renaissance's controlling shareholder, according to the exchange filing.

Gold dips on dollar advance, Fed's rate-hike prospects https://ift.tt/g9O8LyG Two Fed officials said on Thursday the U.S. central bank likely should have lifted interest rates more than it did earlier this month, and warned that additional hikes in borrowing costs are essential to lower inflation back to desired levels.

Adani Power calls off acquisition of DB Power https://ifttt.com/images/no_image_card.png"We wish to inform that the long stop date under the memorandum of understanding ... has expired," Adani Power informed the bourses on Wednesday. The company did not, however, assign a reason for calling off the deal. An email query sent to the company im this regard remained unanswered until the time of going to press on Thursday.

Shobha Gangwal sells IndiGo stake for Rs 2,944 cr https://ift.tt/YOZint5 Gangwal, his wife Shobha Gangwal, and their family trust, all of which are part of the promoter group, held a 33.78% stake in the airline company as of December 2022. In February last year, besides stepping down from the company's board, Rakesh Gangwal, the co-founder of India's largest carrier, announced his decision to reduce stake in the company slowly.

Consumption demand should come back by March 2023: Shirish Pardeshi https://ift.tt/67COu1F think there is a dichotomy and when we look at the urban consumption, the urban consumption is largely driven by the large pack but when you say the down trading, there is a downsizing which is actually happening

MSCI delays index weighting changes for 2 Adani companies https://ift.tt/5uUkiOg said last week it would cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises , in its indexes after reassessing the number of shares that are freely traded.

Asian stocks shrug off rates risk as US consumers spend https://ift.tt/OTSNYqx greenback stood near six-week highs against the yen, yuan and kiwi. Benchmark 10-year Treasury yields, which rise when bond prices fall, hit their highest since early January.

Biocon plans to sell stake in Biologics to pare debt: Shreehas Tambe, Biocon Biologics https://ifttt.com/images/no_image_card.png"There are several other discussions that we have been having with private equity investors who are interested in making an investment in Biocon Biologics and that will help us bring down the $1.2 billion debt ... help us reduce the interest component that we see in the P&L," Shreehas Tambe, chief executive officer and managing director of Biocon Biologics, said in an interview.

RBI okays licences for 32 payment aggregators https://ift.tt/BLkXNj6 is the first time RBI has released a list with “current application status” for all payment aggregators, saying it is in the interest of “greater transparency.” The list, the banking regulator said, would be updated every fortnight. The current status is as of February 15 and scrutiny of applications is still underway.

Good chance of getting US inflation down to 3-3.5% by year end : Geoff Dennis https://ift.tt/wq49FLA am a little bit more optimistic but I must admit I agree with what was just said to a greater extent than I did at the beginning. I think that it is unrealistic to expect the Fed to cut rates before the end of the year.

Subway says it's exploring selling the sandwich company https://ift.tt/nLBc0hv has been losing market share in recent years to fast-growing rivals like Panera and Firehouse Subs, which feature more varied menus and newer stores. Subway took notice, and began a program to modernize its stores in 2017. In 2021, it refreshed its menu and upgraded ingredients; last year it introduced a line of chef-developed sandwiches.

Gold ticks higher as dollar weakness offsets rate-hike bets https://ift.tt/OTSNYqx consumer price index increased 0.5% last month, the Labor Department said on Tuesday, in line with expectations. In the 12 months through January, the CPI increased 6.4% which was the smallest gain since October 2021 and followed a 6.5% rise in December.

ADIA, Goldman Sachs, Carlyle eye TVS Motors' EV arm with $300 mn-$350mn cheque https://ift.tt/numTfUg If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.

No major risk to banks from Adani crisis, says S&P exec https://ift.tt/ytgcefq, Dangra also pointed at a number of factors to suggest the crisis doesn't seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system's exposure to Adani Group is less than 1%, he said.

ETMarkets Smart Talk: We believe that India should outperform the global markets in short to medium-term: Pankaj Murarka https://ift.tt/LYib2j8 are unlikely to see any meaningful increase in rates going forward. Based on the US government data, underlying growth currently hasn’t weakened much which implies that higher levels of interest rates are likely to sustain over the medium term, which would lend volatility to global markets.

Dollar eases as inflation in focus, BOJ governor nomination awaited https://ift.tt/Iq1ap4Z yen dropped sharply last year to a 32-year low of 151.94 per dollar as U.S. rates rose and Japanese rates stayed near zero, but it has since recouped those losses as the Fed looks to pause its tightening while speculation increase that the BOJ will move away from its ultra-loose policy.

Gold inches higher, spotlight on U.S. inflation data https://ift.tt/Iq1ap4Z head of the International Monetary Fund (IMF) said on Monday financial markets have good reason to be more upbeat, pointing to the U.S. economy likely avoiding recession and China's reopening from pandemic controls.

RBI, Yes Bank move SC against HC order setting aside Rs 8.4k cr AT-1 bonds writeoff https://ift.tt/LWnibtc investors such as mutual funds, including Reliance Nippon, and individuals had put as much as ₹8,415 crore in Yes Bank's AT-1 bonds. Subsequently, the bank's AT-1 retail bondholders moved court to challenge the decision and reclaim their money.

Farmers stare at loss as potato prices halve amid glut in UP, Punjab, Bengal https://ift.tt/UhvYtzN of potatoes usually begins in November, while the crop is harvested the following January. Uttar Pradesh, the largest producer of the tuber, has witnessed a 15% increase in production in the latest crop season compared with a year earlier, when the state had produced 15.5 million tonnes of potatoes.

Redemption of sovereign gold bonds expected to spike in FY24 https://ift.tt/VFpb7v3 scheme was launched in November 2015, as part of the government's efforts to trim physical gold demand. Gold bonds have an eight-year tenor, with an exit option for investors from the fifth year. Gross gold bond issuances by the government are expected to be lower at ₹11,200 crore in FY24 from an estimated ₹12,000 crore this fiscal and ₹12,991 crore in FY22, a finance ministry official told ET.

ETMarkets Smart Talk: We are constructive on equity markets from a 3 year perspective: Trideep Bhattacharya https://ift.tt/mPMnqKp we tide through that somewhere around the second quarter of the calendar year, I think broadly global economies will probably bottom out and there can be a nice rebound economically.

Asian stocks ease, bonds brace for U.S. data test https://ift.tt/IpdReKs have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower. There is also a full slate of Fed officials speaking this week to provide a timely reaction to the data. Yields on 10-year Treasuries are at five-week highs of 3.75%, having jumped 21 basis points last week, while two-year yields hit 4.51%.

New Zealand city grinds to halt as deluge from cyclone looms https://ift.tt/VFpb7v3 cyclone, which was lying just to the northeast of the country and moving south, dumped more than 220 millimetres (9 inches) of rain in areas north of Auckland, cutting power to about 58,000 households and forcing many roads to close.

Sebi looks at links between Mauritius managers and FPIs https://ift.tt/T9NLYAG Friday, the Securities & Exchange Board of India (Sebi) circulated a list of eight entities, mostly based in Mauritius, with the custodians which are banks and non-banks acting as bookkeepers of FPIs trading on Indian stock exchanges.

IRCTC among 10 stocks that LIC bought and sold in Q3 https://ift.tt/1czIaLC of DIIs with retail and HNI investors reached another all-time high of 24.44% as on December 31, 2022, from 24.25% as on September 30, 2022, as per primeinfobase.com, an initiative of PRIME Database Group. Meanwhile, the share of LIC also increased and decreased in the number of stocks in Q3 of FY23. Key additions by LIC in the December quarter of 2022 were in IRCTC, Mphasis and Tech Mahindra, whereas it trimmed holdings in Bharat Petroleum, Tata Chemicals and NTPC.Here is a list of 10 stocks that LIC bought and sold in Q3 of FY23, according to the PRIME Database report:

Track Record: How much top countries lost in market cap over 12 months https://ift.tt/Ari5sDo more such web stories click on the ET icon below

Survivors still being found as Turkey-Syria quake death toll tops 28,000 https://ift.tt/wftAiJc days after two powerful earthquakes hours apart caused thousands of buildings to collapse, killing more than 28,000 people and leaving millions homeless, rescuers were still pulling unlikely survivors from the ruins - one of them just 7 months old.

GST compensation: West Bengal says Centre owes it over Rs 2,400 crore https://ift.tt/NIZ48La to assertions that West Bengal's dues have been neglected, Sitharaman had said in Parliament on Friday that GST compensation to states is released when the audited figures are provided, but West Bengal has not submitted those since 2017.

DPIIT working on quality control orders for several products: Official https://ift.tt/T6mi5b2 Secretary in the DPIIT Sanjiv said that the "aim is to promote production of high quality products". The department is continuously engaged with BIS (Bureau of Indian Standards) and concerned stakeholders for identification of products for which quality control orders (QCOs) could be issued. "QCOs are good for us and we are not bringing this in a hurry. We want to handhold the industry," he added.

Delhivery Q3 preview: Express delivery vertical may drive sales growth https://ift.tt/50HrBcy will watch out the trend on freight costs and employee expenses as these make for a chunk of the total expenditure for the company. In the second quarter, freight handling and services cost rose 24% on year to Rs 1,436 crore. Staff expenses on the other hand, declined nearly 21% on year to Rs 353 crore.

Rs 45,000 crore-bet! YES Bank among top 9 FII stock picks in Q3. What should investors do? https://ifttt.com/images/no_image_card.png"We believe the outperformance of the value stocks is likely to continue in H1CY23 and would be led by a pickup in the credit growth as well as a recovery in the domestic-cyclical stocks, which would be in line with the pickup in the domestic economy," said Axis analyst Neeraj Chadawar.

Big Movers on D-St: What should investors do with Cummins India, KPIT Tech and M&M Financial? https://ift.tt/qsze7Pw that were in focus include names like Cummins India which was up nearly 7%, KPIT Technologies rose nearly 2% to hit a fresh 52-week high, and M&M Financial Services hit a fresh 52-week high on Thursday.

Acquisitions, margin focus put RHI Magnesita India in sweet spot https://ift.tt/GMVhBjL developments are positive for the company’s India listed stock, which has gained nearly 30% in the past three months. However, it trades at a significant discount to other multi-national companies of similar size such as ESAB India, Grindwell Norton and Linde India which cater to the manufacturing sector.

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing https://ift.tt/JrQqIgi recent massive sell-off in Adani Group companies in the backdrop of the allegations made by US-based short seller Hindenburg Research, had raised questions on whether these stocks will continue to be part of the MSCI global indices.

Hours after hiring announcement, JPMorgan lays off hundreds of employees https://ift.tt/tczhdxv in the day, JPM said it plans to hire more than 500 bankers catering to small businesses through 2024, boosting the bank's workforce targeting the segment by 20% from more than 2,300 now.

Dollar flat after Fed official comments; focus on CPI data next week https://ift.tt/JrQqIgi report raised expectations that the Fed might go back to an aggressive monetary policy stance, but Powell did not lean further into that argument in his speech on Tuesday. Meanwhile, the euro was up 0.04% at $1.0713, off the one-month low of $1.067 it touched on Tuesday.

View: Bye bye interest rates, liquidity is new game https://ift.tt/je3VEU4 message that Das left Wednesday may appear muddled, but a closer look would tell you that he's done with interest rate increases for now, barring dramatic developments.

No penal interest on missed loan payment, only charges https://ift.tt/je3VEU4 Reserve Bank of India (RBI) is set to cap the penal charges levied by the banks and non-banks related to loans payment missed by borrowers, bringing in enormous relief to borrowers who have been squeezed by usurious charges. The central bank has said that any penalty imposed by regulated entities will be "reasonable & transparent" and that lenders should not use it as a revenue enhancement tool.

Cos may have to cough up steeper penalties for antitrust violations https://ift.tt/kDjvILr, the Competition Commission of India (CCI) imposes a penalty up to 10% of a company's average turnover in the relevant market. The government may tweak this by changing the definition of average turnover by adding an explanation that it means the "global turnover derived from all products and services by a person or an enterprise" through activities out of India, the people said.

Only way forward in relations with India is PM Modi first restores Kashmir's special status: Imran Khan https://ifttt.com/images/no_image_card.png"India had revoked the special status for Kashmir. Now the only way forward in holding talks with India is first the Modi administration restores it," Khan told PTI on Tuesday evening while interacting with foreign media at his Lahore's Zaman Park residence.

Joe Biden says in State of Union that US is 'unbowed, unbroken' https://ift.tt/je3VEU4 setting for Biden's speech, both politically and physically, was markedly different from a year ago, as Republican control of the House presented him with new challenges. The president was offering a reassuring assessment of the nation's condition rather than rolling out flashy policy proposals.

Adani Group plans independent probe into Hindenburg allegations https://ift.tt/t9CmhsR to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.

Turkey-Syria quake toll tops 7,800 as rescuers battle cold https://ift.tt/je3VEU4 7.8-magnitude quake struck Monday as people slept, flattening thousands of structures, trapping an unknown number of people and potentially impacting millions. Whole rows of buildings collapsed, leaving some of the heaviest devastation near the quake's epicentre between the Turkish cities of Gaziantep and Kahramanmaras.

Banks’ Adani exposures not large enough to pose a risk: Moody’s https://ifttt.com/images/no_image_card.png"Banks' exposures to Adani are not large enough to affect their credit quality materially. We estimate that their exposures to Adani are not more than 1% of their total loans," Moody's said in a report, which estimated that the exposures of public sector banks are larger than for private sector banks.

Big Movers on D-St: What should investors do with Divi’s Laboratories, M&M Financial and Cadila Healthcare? https://ift.tt/ux8cRKi, buying was seen in telecom, realty, public sector and FMCG stocks while selling was visible in metals, utilities, power, and IT stocks.

Oil rises on supply concerns, China demand outlook brightens https://ift.tt/vx0l9dX crude futures rose 40 cents, or 0.5%, to $81.39 per barrel by 0117 GMT, while West Texas Intermediate futures rose 43 cents, or 0.6%, to $74.54 per barrel.

Special situation funds lap up Adani bonds https://ift.tt/1RLcKeJ Group bonds rallied on Monday, continuing Friday's momentum after the group's promoters said they will be repaying loans worth $1.11 billion early to release pledges on shares, ahead of their maturity in September 2024.

Adani companies extend losses on the bourses https://ifttt.com/images/no_image_card.png​​Among the gainers on Monday, Adani Ports soared almost 10%, ACC gained 2.2%, Ambuja Cements rose 1.5% and NDTV advanced 1.4%. Shares of the other six Adani companies extended declines. Adani Enterprises, the group’s flagship entity, shed 0.7%.

Panel to weigh competition law for digital companies https://ift.tt/UWuBzSv move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).

Iran restores just a fifth of power to Gwadar, crown jewel of CPEC https://ift.tt/1uUAKyL depends on Iran for supply of electricity to key areas in Balochistan where Gwadar Port is located. Gwadar Port is key pillar of CPEC and jewel in the crown of the mega connectivity corridor. Power supply to Turbat, Panjgur and Gwadar districts of Pakistan's Makran division has been badly affected after Iran suspended power supply to these areas, ET has learnt. Iran traditionally supplies 100 MW of electricity to the Makran division.

Russian President Putin promised not to kill Zelenskyy: Former Israeli PM Naftali Bennett https://ift.tt/SLouTY5 Prime Minister Naftali Bennett emerged as an unlikely intermediary in the war's first weeks, becoming one of the few Western leaders to meet President Vladimir Putin during the war in a snap trip to Moscow last March. In the five-hour interview, which touched on numerous other subjects, Bennett says he asked Putin about whether he intended to kill Ukrainian President Volodymyr Zelenskyy.

RBI to continue or hit the pause button on rate hike? https://ift.tt/3tCnbBz RBI is expected to pause the rate hiking cycle in the February meeting and will maintain the repo rate at 6.25 per cent for extended period. It might also change the policy stance to neutral.

Regulators should be on their toes to keep market stable, Adani issue a company specific matter: FM Nirmala Sitharaman https://ift.tt/HzELDJK Group stocks are witnessing a meltdown on the bourses after the US-based short-seller Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.

10 stocks that saw most target price upgrades after Q3 results https://ift.tt/aBQEPyF the Q3 results, a host of brokerages have upgraded the target price on a number of counters. These stocks belong to various sectors such as banking, leisure and hospitality, FMCG, IT and more. According to Trendlyne data, HDFC Bank, Federal Bank, HUL, TCS and Infosys have the most number of target price upgrades. Here's a list of 10 stocks that saw most target price upgrades after Q3 results:

What changes for gold and silver investors after the Budget hiked import duty on precious metals https://ift.tt/3RtLjyK is highly taxed in India. Being the second largest imported commodity, the metal heavily increases our import bill. This causes a widening of our Current Account Deficit as well. To tackle the deficit, the government has increased the basic customs duty on gold over years to manage the flow of imports

Bitcoin resurgence brings back old phenomenon of wild weekends https://ift.tt/o2ahJpQ Bitcoin posts large moves is nothing new. But the token, like all other cryptocurrencies, trades around the clock, every day of the week, counter to most other assets, which tend to trade Monday through Friday on regulated exchanges. And it’s been seen in crypto markets in the past, with Bitcoin shooting higher — or posting big down days — while other assets are taking a rest from work.

IMF places new demands before Pakistan for holding policy-level talks next week https://ift.tt/cpT6Orh ongoing negotiations between the two sides, which started on January 31, have been termed "tough" by Prime Minister Shehbaz Sharif. Shehbaz, while speaking at a meeting in Peshawar on Friday, said that the IMF is giving "a tough time" to Finance Minister Ishaq Dar and his team, hinting at harsh measures to be taken to revive the stalled loan programme.

Anxieties on Adani Group are on but the uncertainty on Budget has reversed into a boon for markets https://ift.tt/y8acVLl, the new saga of Adani group is escalating the ambiguity adding questions on the India growth story. The nation’s largest listed group, which accounted for 7% of India’s total market capitalisation has corrected to 3.7%.

Mind Over Money: How Vipassana helps this CEO to relieve stress, improve mindfulness & mental wellbeing https://ift.tt/6NJCqR7 also showed that if mental health issues like stress, anxiety and depression are addressed upfront, then allied health conditions can also be resolved. So as an organisation we offer mental health counselling to colleagues.

Paytm Q3 consolidated loss narrows to Rs 392 crore https://ift.tt/XAnsgBL reported a positive EBITDA before ESOP cost (earnings before interest, taxes, depreciation, amortisation and employee stock option costs) of Rs 31 crore. This metric was negative Rs 393 crore in December quarter last year.

S&P cuts outlook on Adani Ports and Adani Electricity https://ifttt.com/images/no_image_card.png"There is a risk that investor concerns about the group's governance and disclosures are larger than we have currently factored into our ratings, or that new investigations and negative market sentiment may lead to increased cost of capital and reduce funding access for rated entities," S&P said in a statement.

Driving capex and growth with fiscal prudence riding pillion: Nirmal Jain https://ift.tt/GO3UFmC recent study by IIFL Securities analysed expenditure trends in the last four pre-election-year (PEY) budgets. They concluded that governments do not always step-up revenue expenditure relative to capital expenditure. In 3 out of 4 PEY budgets, growth expenditure was accelerated much more than populist schemes. This point has been again reiterated in the budget.

Budget 2023-24: Balanced, realistic and achievable: Ashok Wadhwa https://ift.tt/4QpC6Pl investment is always a key area of the budget. For the third straight year, the government has significantly increased the outlay, which is slated at ₹13.7 lakh crore for FY24 equating to 4.5% of India's GDP. A record ₹2.4 lakh crore is earmarked for Railways, 9x the figure from a decade ago.

Forex kitty jumps over $3 billion to $576.7 billion https://ift.tt/KwWN8zy can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

Adani Turmoil: RBI says banking sector resilient, stable; and it remains vigilant https://ift.tt/JpKmaYO earlier reported that the central bank had asked all lenders to submit details pertaining to their exposure to the Adani Group of companies. Concerns arose after a US-based short-seller alleged fraud and governance lapses at the Adani Group, leading to a $110 billion loss in market capitalisation.

ETMarkets Smart Talk: Planning to spend Rs 10 lakh post Budget? Divam Sharma highlights sectors to invest https://ift.tt/Mqmko38 Yes definitely, it was a very balanced budget with growth as the north star. Long-term infrastructure creation, focus on human capital development, and ensuring a GDP multiplier effect from agri-sector spend and tax rate cuts remained in focus.

Oil heads for weekly loss awaiting China recovery signs https://ift.tt/NEOnoMh dollar has fallen because aggressive interest rate hikes by the U.S. Federal Reserve are no longer expected, whereas other major economies are continuing with bigger rate increases even as inflation has eased.