Downgrade in future earnings growth could pose biggest risk to markets in FY24 https://ift.tt/QwNXx9A in March, the Fed expects a marginal further slowdown in the US economy to 0.4% GDP growth, compared to the 0.5% forecasted in Dec. These forecasts are at low levels compared to the long-term range of 3.5% for the world and 2% for the US.
Friday, March 31, 2023
Wall St Week Ahead: Resilient US stocks failing to factor in recession, investors fear
March 31, 2023
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Wall St Week Ahead: Resilient US stocks failing to factor in recession, investors fear https://ift.tt/wtUiWJl benchmark S&P 500 posted a 7% gain for the first quarter, which ended on Friday, rebounding after a nearly 20% drop in 2022. The Nasdaq Composite's 16.8% first-quarter jump was its biggest quarterly rise since 2020.
India's new foreign trade policy, explained in 5 charts
March 31, 2023
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India's new foreign trade policy, explained in 5 charts https://ift.tt/IVdv0F7 the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and will instead adopt a 'long-term' focus. There is no end date to the policy and will be updated as and when necessary, the ministry said.
CBDT signs 95 Advance Pricing Agreements in FY23
March 31, 2023
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CBDT signs 95 Advance Pricing Agreements in FY23 https://ift.tt/3nx4Mrc includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA programme has gone up to 516, comprising 420 UAPAs and 96 BAPAs. "The BAPAs were signed as a consequence of entering into Mutual Agreements with India’s treaty partners namely Finland, the UK, the US, Denmark, Singapore, and Japan," CBDT said in a statement issued Friday.
Thursday, March 30, 2023
13 years of outperformance! This Rs 1400 cr money manager reveals his 3-step approach
March 30, 2023
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13 years of outperformance! This Rs 1400 cr money manager reveals his 3-step approach https://ift.tt/rxl0M8R future looks bright for both PMS and MF because financialisation of the savings has already started. Equity as a culture is improving and as the per capita income, affordability, and awareness increases for PMS, the size is going to probably become 2x, 3x, 4x, 5x, 10x over a period of time, says Rajesh Kothari, Managing Director, AlfAccurate Advisors Pvt Ltd.
Top 5 Nifty PSU Bank stocks surge 60-110% in FY23
March 30, 2023
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Top 5 Nifty PSU Bank stocks surge 60-110% in FY23 https://ift.tt/V90lfLN more such web stories click on the ET
Consumer sentiments jump by record 6.7% in March: CMIE
March 30, 2023
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Consumer sentiments jump by record 6.7% in March: CMIE https://ift.tt/OoPyVQs to CMIE, the Index of Consumer Sentiments (ICS) usually moves by a little less than 1% in a week. In the past 60 weeks, the average weekly increase in the ICS was 0.86% and the median was 0.93% while in the past year, the ICS increased by more than 6.7% only twice.
India's IPO fundraising halves in FY23; two debutants deliver multibagger returns
March 30, 2023
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India's IPO fundraising halves in FY23; two debutants deliver multibagger returns https://ift.tt/1OEntcK, slowing down the trend of internet companies hitting the markets, only one new-age tech startup Delhivery made its debut this fiscal. Paytm, Nykaa, Zomato and Policybaazar were some of the marquee tech companies that entered the public markets in FY22.
Wednesday, March 29, 2023
Wild stock market reversals put dip-buyers on pace for historic year
March 29, 2023
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Wild stock market reversals put dip-buyers on pace for historic year https://ift.tt/w3NKpou Goldman Sachs Group Inc. basket of companies with weak balance sheets advanced for a fourth straight session, extending its gain this week to 3.3%. That compared with a weekly return of about 1% for a Goldman basket of companies with sturdy finances
Non-resident taxpayers without PAN can file Form 10F manually till September 30
March 29, 2023
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Non-resident taxpayers without PAN can file Form 10F manually till September 30 https://ift.tt/eFdXba8 will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to the resident taxpayers while undertaking foreign remittances. Non-resident taxpayers have to furnish additional documents and information in Form 10F if certain prescribed details are not available in the Tax Residency Certificate to avail tax treaty benefits at the time of withholding of tax.
Paris garbage collectors to end strike
March 29, 2023
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Paris garbage collectors to end strike https://ift.tt/cDQymLk crews were set Wednesday to start picking up heaps of trash that had piled up over their weekslong strike beginning March 6 - as well as debris from the streets following the tenth nationwide anti-pension reform protest a day earlier.
Tuesday, March 28, 2023
ITC plans Rs 3,000 crore yearly growth push, says Chairman and MD Sanjiv Puri
March 28, 2023
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ITC plans Rs 3,000 crore yearly growth push, says Chairman and MD Sanjiv Puri https://ift.tt/sqLOECr expects the fast-moving consumer goods (FMCG) industry to bounce back by volume sales growth from the next fiscal year, led by rural demand, with early signs of recovery already visible. Puri said the revival will be accelerated, with inflation cooling down and product prices correcting.
Sebi extends nomination deadline for MF investors
March 28, 2023
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Sebi extends nomination deadline for MF investors https://ift.tt/EnsDwOX communication shall provide guidance by which the unit holder(s)can provide nomination or opt out of nomination, the regulator mentioned in the circular released on March 28, 2023.
Government unlikely to budge on NREGS attendance
March 28, 2023
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Government unlikely to budge on NREGS attendance https://ift.tt/LxREVOM workers' attendance through a mobile application, National Mobile Monitoring System (NMMS), was made mandatory since January 1. It triggered protests by a section of NREGS workers and activists, who said workers were being deprived of wage payments due to technical issues with the new attendance system. The protests have been going on since early February.
Lawmakers grill US regulators over Silicon Valley Bank collapse
March 28, 2023
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Lawmakers grill US regulators over Silicon Valley Bank collapse https://ift.tt/IL9q1YC the first congressional hearing into the sudden collapse of two U.S. regional lenders and the ensuing chaos in markets, the top banking regulator at the Federal Reserve criticized SVB for its risk modeling and lack of a chief risk officer.
China spent $240 billion bailing out 'Belt and Road' countries: Study
March 28, 2023
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China spent $240 billion bailing out 'Belt and Road' countries: Study https://ift.tt/c079rov 80% of the lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy.
Monday, March 27, 2023
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
March 27, 2023
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Berkshire Hathaway stake in Occidental Petroleum rises to 23.6% https://ift.tt/QVKvlph, 92, has longed to make another large acquisition for his Omaha, Nebraska-based conglomerate, whose dozens of businesses include Geico car insurance and the BNSF railroad.
AMCs reopen international plans to investors
March 27, 2023
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AMCs reopen international plans to investors https://ift.tt/Qa132Ng least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.
Saudi National Bank chair resigns in wake of Credit Suisse loss
March 27, 2023
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Saudi National Bank chair resigns in wake of Credit Suisse loss https://ift.tt/WiN0IL6 Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.
Faster reforms can give a boost to India growth story: World Bank
March 27, 2023
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Faster reforms can give a boost to India growth story: World Bank https://ifttt.com/images/no_image_card.png"The steepest slowdown in investment growth over two decades to 2021 occurred in India," the report noted. "Investment growth in India slowed from an annual average of 10.5% in 2000-10 to 5.7% in 2011-21." Structural bottlenecks have proved to be barriers to investment, it said.
S&P Global cuts 2024 euro zone GDP growth forecast to 1.0%
March 27, 2023
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S&P Global cuts 2024 euro zone GDP growth forecast to 1.0% https://ifttt.com/images/no_image_card.png"Headline inflation will not return to target before first-quarter 2025, and core inflation before third-quarter 2025," it said in a statement. "The near-term outlook for the eurozone economy appears complicated. A restrictive monetary policy will transmit to domestic demand, while interest rates should turn positive in real terms in 2024".
Symphony shares to trade ex-buyback this week
March 27, 2023
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Symphony shares to trade ex-buyback this week https://ift.tt/FHl6hiz company will buyback about 10,00,000 equity shares through the tender offer route at Rs 2,000 per share from all the eligible shareholders as on record date. The buyback amount excludes expenses to be incurred for various charges, costs and taxes.
Sunday, March 26, 2023
Gold eases on steady dollar; market focus on banking risks
March 26, 2023
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Gold eases on steady dollar; market focus on banking risks https://ift.tt/utbK4JH gold dealers in India were forced to offer the steepest discounts in more than a year to lure buyers put off by a record surge in local prices last week, while the banking crisis fueled steady demand in top buyer China.
Reliance Capital lenders fear recovery below liquidation value
March 26, 2023
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Reliance Capital lenders fear recovery below liquidation value https://ift.tt/xt6hFY9 of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financial services company since both bidders, Hinduja Group and Torrent Investments, are reluctant to improve their offers, bankers dealing with the matter said.
ETMarkets Trade Talk | Options trading not a lottery ticket, avoid these 5 mistakes: Rahul Prajapati
March 26, 2023
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ETMarkets Trade Talk | Options trading not a lottery ticket, avoid these 5 mistakes: Rahul Prajapati https://ifttt.com/images/no_image_card.png"As an options trader, I believe in adapting my strategies to suit different market conditions. While my focus is on directional trading, I constantly explore and experiment with new strategies, leveraging my technical and derivative expertise to gauge market directionality."
New tax amendments may make conventional debt instruments like FDs, G-Secs attractive
March 26, 2023
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New tax amendments may make conventional debt instruments like FDs, G-Secs attractive https://ift.tt/Lfokw59 to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity will attract short-term capital gains, while no benefit of indexation for the calculation of long-term capital gains will be available
Why is derivative trading popular but not profitable?
March 26, 2023
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Why is derivative trading popular but not profitable? https://ift.tt/yk84qAf pandemic has led to a surge of social media content promoting options trading as an easy way to supplement income. The increased awareness has attracted many gullible & first-time people to turn traders with surface-level information
Saturday, March 25, 2023
Investors who accumulate stocks on dips in H2 will be in a king position: Vinod Nair
March 25, 2023
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Investors who accumulate stocks on dips in H2 will be in a king position: Vinod Nair https://ift.tt/wfcp3Yd rates were steeply increased; Fed hiked by 475 bps in just 12 months, a historic jumbo. The banking sector had to pay the price of the monetary maven.It took a toll on the system; SVB, Silvergate Capital, First Republic, Signature Bank, and Credit Suisse had to be bailed out
'Great misery': Kuwait political crisis drags down economy
March 25, 2023
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'Great misery': Kuwait political crisis drags down economy https://ift.tt/oqITAVF, which borders Saudi Arabia and Iraq, is home to seven percent of the world's crude reserves. It has little debt and one of the strongest sovereign wealth funds worldwide. However, it suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, which maintains a strong grip over political life, despite a parliamentary system in place since 1962.
NREGS wages raised by up to 10.4% for FY24
March 25, 2023
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NREGS wages raised by up to 10.4% for FY24 https://ift.tt/ePw5Oac absolute terms, the daily wages have been raised in the ₹7-26 range, according to a notification by the rural development ministry. The increase assumes significance, as the MGNREGS rates serve as the benchmark for rural wages and influence the rise in industrial wages as well.
Warren Buffett's latest insights on investing to help create long-term wealth
March 25, 2023
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Warren Buffett's latest insights on investing to help create long-term wealth https://ift.tt/7EG8oed are crucial for shareholders. If done correctly, a buyback minimizes overall equity capital, increasing others' stake in the company. But if the buyback is not done at the right price, it does not become value accretive for the shareholders and benefits only those who exited from the company.
Fears of financial contagion could keep gold near record highs
March 25, 2023
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Fears of financial contagion could keep gold near record highs https://ift.tt/lIBo3F6 sector fears continue to haunt risky assets. In the latest moves, Deutsche Bank AG shares slumped on Friday and the German lender’s credit-default swaps surged amid wider concerns about the stability of the banking sector.
Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO
March 25, 2023
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Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO https://ift.tt/PgUVQM1 the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
Friday, March 24, 2023
Bank chaos tests traders’ nerves and rewards those doing nothing
March 24, 2023
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Bank chaos tests traders’ nerves and rewards those doing nothing https://ift.tt/wfcp3Yd S&P 500 just capped its second straight up week, and while Treasuries have dealt body blows to short sellers, holding on through the worst volatility in four decades would’ve reaped sizable profits.
China's growing inroads in Western Africa
March 24, 2023
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China's growing inroads in Western Africa https://ift.tt/hcRS2oQ, Western Africa had mostly been dominated and influenced by the French for centuries. This influence is on decline amid the increase of Chinese presence in the overall continent. China’s Belt and Road Initiative has tipped the balance to their favou
YES Bank among 5 stocks that saw target price cuts by Kotak
March 24, 2023
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YES Bank among 5 stocks that saw target price cuts by Kotak https://ift.tt/tTONqoI
HAL OFS successful despite tough markets as QIBs, retail investors show high interest
March 24, 2023
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HAL OFS successful despite tough markets as QIBs, retail investors show high interest https://ift.tt/fcvRPUQ retail portion of the OFS also received an overwhelming response, with the government getting bids for 14,50,924 shares against 11,70,357 shares on offer for the category.
Thursday, March 23, 2023
ETMarkets Smart Talk: Ajit Deshmukh of Equirus hands out his secret formulae to create wealth in long term
March 23, 2023
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ETMarkets Smart Talk: Ajit Deshmukh of Equirus hands out his secret formulae to create wealth in long term https://ift.tt/e7HuWUr 2023, we know that geopolitics is here to stay, but at a lesser intensity, and pandemic scares have faded away. Rate hikes are known but the impact and quantum are still unknown. Global liquidity is likely to moderate.
Domino's pulls out of Italy, the country that invented pizza
March 23, 2023
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Domino's pulls out of Italy, the country that invented pizza https://ift.tt/fcvRPUQ US-based food company closed its last stores in Rome and Milan last year, and, according to media reports on Thursday, the company's Italian franchise partner, ePizza, has begun the process of liquidating the company's Italian assets in the hope of recovering at least part of the initial investments in Italy.
Dalal Street indices slide after US Fed hikes rates
March 23, 2023
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Dalal Street indices slide after US Fed hikes rates https://ifttt.com/images/no_image_card.png"The stock market had priced in this muted rate hike but it has taken note of the impact on the cost of funds and tightening liquidity situation," said Gopal Kavalireddi, research head, FYERS Securities. "The Fed commentary also signalled for maintaining the focus on inflation even as there is a banking crisis and the risk of a recession."
Competition builds up fast for FMCG companies
March 23, 2023
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Competition builds up fast for FMCG companies https://ift.tt/yHnK23d be sure, RIL is not alone in articulating its FMCG ambitions. Amul India's goal, under its new CEO, is to become a total foods company and not just a dairy major. Mondelez, meanwhile, has announced plans to invest ₹4,000 crore over next four years in the Indian market. Tata Consumer Products (TCPL) has been aggressively foraying into various categories of consumer staples. Large players such as ITC straddle across most consumer categories.
These 7 commodity stock slipped to their new 52-week lows, fell up to 20% in a month
March 23, 2023
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These 7 commodity stock slipped to their new 52-week lows, fell up to 20% in a month https://ift.tt/TVQkUlJ the market experienced a decline, 7 stocks from the BSE commodities index fell to their lowest levels in 52 weeks.
Wednesday, March 22, 2023
24 major cities in Pakistan do not have access to clean water, says new report
March 22, 2023
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24 major cities in Pakistan do not have access to clean water, says new report https://ift.tt/I6vq17P Pakistan, several factors have aggravated the water security issue. The first and foremost is the upsurge in demand for water due to escalating population growth in the country. With the population crossing 220 million people, the country's water demand could reach 274 million acre-feet while the supply of water could remain at 191 million acre-feet, Asian Lite reported.
At multi-year highs: These 3 stocks gave 5-year breakouts
March 22, 2023
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At multi-year highs: These 3 stocks gave 5-year breakouts https://ift.tt/X5Ik9O3 In the NSE list of stocks with a market cap of over Rs 100 crore, three stocks crossed their previous 5-year high value at close on March 22, suggesting bullishness in counters, according to stockedge.com's technical scan data.
Stocks to buy today: 3 short-term trading ideas by experts
March 22, 2023
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Stocks to buy today: 3 short-term trading ideas by experts https://ift.tt/Fdk0Uqp markets across Asia were also trading mixed after the US Federal Reserve hiked interest rates by 25 basis points (bps) in their latest committee meeting which was in line with market expectations.
Citigroup CEO declares 'this is not a credit crisis' after US bank failures
March 22, 2023
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Citigroup CEO declares 'this is not a credit crisis' after US bank failures https://ifttt.com/images/no_image_card.png"The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. "This is not a credit crisis. This is a situation where it's a few banks that have some problems, and it's better to make sure that we nip that in the bud," she said.
Drop in foreign flows to deepen on global monetary tightening
March 22, 2023
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Drop in foreign flows to deepen on global monetary tightening https://ift.tt/wUrZ9uF foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed.
9 states may post higher nominal GDP growth than country's 10.5%
March 22, 2023
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9 states may post higher nominal GDP growth than country's 10.5% https://ift.tt/wUrZ9uF average nominal GDP growth projected by the nine states for FY24 is 14%, well above the 10.5% nominal growth for the country projected in the Union budget as well as the average of 11.1% for all the 17 states analysed. Some experts are circumspect about these growth projections, given that the country's overall growth is expected to slow down from 15.9% estimated for this fiscal as per the budget for FY24.
Tuesday, March 21, 2023
Hot Stocks: Brokerages view on Manappuram Finance, Bharti Airtel and Pidilite Industries
March 21, 2023
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Hot Stocks: Brokerages view on Manappuram Finance, Bharti Airtel and Pidilite Industries https://ifttt.com/images/no_image_card.png“The focus should be on portfolio diversification. The company is witnessing a strong growth outlook in the non-gold business. FY24 target includes 20% consolidated growth supported by non-gold,” BofA said.
Death Crossovers: These 3 stocks signal bearishness
March 21, 2023
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Death Crossovers: These 3 stocks signal bearishness https://ift.tt/BlG51Pz the NSE list of stocks, three stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com's technical scan data.
Stocks to buy today: 6 short-term trading ideas by experts for 22 March 2023
March 21, 2023
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Stocks to buy today: 6 short-term trading ideas by experts for 22 March 2023 https://ift.tt/7GKSRPt the weekly Options front, the maximum Call OI is placed at 17800 and then towards 17200 strikes while the maximum Put OI is placed at 17000 and then towards 16900 strikes.
Momentum Pick: Jyothy Labs share may see 30% upside in next 12 months; time to buy?
March 21, 2023
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Momentum Pick: Jyothy Labs share may see 30% upside in next 12 months; time to buy? https://ift.tt/1WZEaBk indicators RSI and MFI are in a medium range at 36.4 and 47.8, respectively, according to Trendlyne which suggests that a pullback can be expected in this stock. A number below 30 suggests that the stock is trading in an oversold zone while above 70 it is in the overbought zone.
IT companies stare at 30 bps revenue hit from banking crisis in US
March 21, 2023
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IT companies stare at 30 bps revenue hit from banking crisis in US https://ift.tt/onc8X9F fear crisis may spill over from BFSI to other verticals such as retail and hi-tech in FY24.
For FY24, National Highway Authority eyes 1,987km monetisation
March 21, 2023
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For FY24, National Highway Authority eyes 1,987km monetisation https://ift.tt/HNMzmYO highways body has lined up 30 National Highway sections as part of the plan, with the 124-km Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section being the longest and the 4.4-km Badarpur elevated corridor in Delhi being the shortest in the list.
New KRAs added to CPSE brass' appraisal
March 21, 2023
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New KRAs added to CPSE brass' appraisal https://ift.tt/W9bGlpD of revised appraisal guidelines means that chairman and managing director as well as other top-level officials of a CPSE could lose their performance-related pay (PRP) in case they are unable to meet their target in key result areas (KRAs) including rationalisation of subsidiaries or joint ventures, market capitalisation improvement goals, return on capital employed, asset turnover ratio.
Monday, March 20, 2023
Small-cap sugar stock that has risen over 160% in last 2 yrs, declares 200% dividend
March 20, 2023
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Small-cap sugar stock that has risen over 160% in last 2 yrs, declares 200% dividend https://ift.tt/FBmcu6J company has fixed March 31 as the record date to determine the eligibility of shareholders for the said dividend payment.
Top 7 PSBs with highest net interest margins as of Q3FY23
March 20, 2023
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Top 7 PSBs with highest net interest margins as of Q3FY23 https://ifttt.com/images/no_image_card.png>> For more such web stories click on the ET icon below
Adani investor GQG Partners offloads part stake in HDFC AMC in open market transaction
March 20, 2023
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Adani investor GQG Partners offloads part stake in HDFC AMC in open market transaction https://ift.tt/074cu5T Partners has sold about 24.7 lakh shares or 1.16% equity in the company for nearly Rs 397 crore. The deal was executed at an average weighted price of rs 1,600.85 per equity share, according to bulk deal data.
Udayshivakumar Infra IPO subscribed 18% so far on Day 1 as GMP rises
March 20, 2023
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Udayshivakumar Infra IPO subscribed 18% so far on Day 1 as GMP rises https://ift.tt/1YcoTOf to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
These 12 foreign banks have exited or scaled down India ops since 2011. Have a look
March 20, 2023
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These 12 foreign banks have exited or scaled down India ops since 2011. Have a look https://ift.tt/Cxg6DdY many as 12 foreign institutions have exited or scaled down their operations in India since 2011.
Sunday, March 19, 2023
Sectoral Spotlight: IOC, HPCL may gain on crude oil's weakness
March 19, 2023
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Sectoral Spotlight: IOC, HPCL may gain on crude oil's weakness https://ift.tt/6Fjz97I movement in crude oil prices also has a bearing on the upstream companies line Reliance Industries Limited, Oil & Natural Gas Corporation Limited. Gupta said that a rising price trend is beneficial for these companies and they gain from unsold inventory as margins go up.
Big Movers on D-St: What should investors do with NHPC, DLF and Patanjali Foods?
March 19, 2023
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Big Movers on D-St: What should investors do with NHPC, DLF and Patanjali Foods? https://ift.tt/6Fjz97I counter has given a breakout from an inverse head & shoulders formation on the daily chart, but it has given a meaningful correction to retest the previous breakout level of 37 after making a 52-week high.
Momentum Pick: 8-13% upside likely for LTIMindtree despite current underperformance; here's why
March 19, 2023
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Momentum Pick: 8-13% upside likely for LTIMindtree despite current underperformance; here's why https://ift.tt/Aa8nReF indicators RSI and MFI are in a medium range at 41.6 and 34, Trendlyne data further revealed. A number below 30 indicates that the stock is trading in the oversold zone while above 70 suggests it is in the overbought territory.
Markets cannot be shielded from US Fed's predicament
March 19, 2023
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Markets cannot be shielded from US Fed's predicament https://ift.tt/lxqDLrt the past week, the debate in financial markets has been whether the Fed would give precedence to the mess in the US banking industry or continued inflationary pressures while deciding on interest rates in the policy meeting ending March 22. The outcome of the Fed meeting--considered one of the most crucial in recent times-- will set the tone for the markets in the near term.
Pakistani police file terrorism charges against ex-Prime Minister Imran Khan
March 19, 2023
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Pakistani police file terrorism charges against ex-Prime Minister Imran Khan https://ift.tt/SpNyGcu hours on Saturday, Khan's followers clashed with police outside a court where the former prime minister was to appear in a graft case. Riot police wielded batons and fired tear gas while Khan's supporters threw fire bombs and hurled rocks at the officers.
Shankar Sharma on SVB fiasco, Adani stocks, market moves & more
March 19, 2023
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Shankar Sharma on SVB fiasco, Adani stocks, market moves & more https://ift.tt/lxqDLrt a recent interview with ET Now, market veteran Shankar Sharma gave his view on the scenario for Indian markets amid Silicon Valley Bank collapse and all the topics which have been in headlines recently.
How roller coaster ride in global yields is leading to carnage in stocks
March 19, 2023
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How roller coaster ride in global yields is leading to carnage in stocks https://ift.tt/6Fjz97I last month itself had two swings in the Global Debt Market – firstly the Fed suggesting possibility of even higher rate rises due to inflation numbers of January coming in higher at 5.4% as against 5% and strong labour market data of unemployment levels down to 3.4%.
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
March 19, 2023
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Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos https://ift.tt/6Fjz97I six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
Saturday, March 18, 2023
FPIs invests Rs 11,500 cr in Indian equities in Mar
March 18, 2023
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FPIs invests Rs 11,500 cr in Indian equities in Mar https://ift.tt/d2NXKm1 to the data with the depositories, Foreign Portfolio Investors (FPIs) invested Rs 11,495 crore in Indian equities till March 17.
GST 2.0: Is this the right time? And what kind of reforms do we need?
March 18, 2023
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GST 2.0: Is this the right time? And what kind of reforms do we need? https://ift.tt/DFKYmow the GST collection turns robust — an outcome of widening tax base and plugging of leakages — this is the right time to usher in the next phase of India’s most ambitious tax reform. So, what kind of reforms should be part of GST 2.0?
Friday, March 17, 2023
Wall Street ends sharply lower on bank contagion fears
March 17, 2023
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Wall Street ends sharply lower on bank contagion fears https://ift.tt/6cVBbi3 Financial Group announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and Signature Bank, which sparked fears of contagion throughout the global banking system.
N Chandrasekaran will continue to remain a mentor and guide: outgoing TCS CEO Rajesh Gopinathan
March 17, 2023
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N Chandrasekaran will continue to remain a mentor and guide: outgoing TCS CEO Rajesh Gopinathan https://ift.tt/KYAMQ4m Gopinathan, the outgoing CEO of TCS, said he would “continue to have a great relationship” with Tata Sons Chairman N Chandrasekaran, irrespective of whether “I am with the group or outside of it”, in an emphatic dismissal of all speculation surrounding his unexpected resignation on Thursday.
How Dimon, Yellen helped secure a $30-billion lifeline for First Republic
March 17, 2023
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How Dimon, Yellen helped secure a $30-billion lifeline for First Republic https://ift.tt/67BwaPZ month, the nation's banking giants have been raking in deposits from nervous customers at smaller firms and now those behemoths would be taking some of their own money and handing it to a San Francisco bank in distress, trying to stanch a widening crisis.
40,000t wheat supplied by Russia to Pakistan stolen by govt officials
March 17, 2023
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40,000t wheat supplied by Russia to Pakistan stolen by govt officials https://ift.tt/wbBQ0Hp had earlier this month supplied 50,000 tonnes of wheat to Pakistan, which is facing a food shortage that even led to protests in recent weeks, as a humanitarian gesture to help address the crisis. Moscow plans to supply 450,000 tonnes of wheat to Pakistan through nine cargo ships, according to Pakistani officials.
3realtysector top bets as industry fundamentals remain strong
March 17, 2023
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3realtysector top bets as industry fundamentals remain strong https://ifttt.com/images/no_image_card.png>> For more such web stories click on the ET icon below
Near ''cliff''s edge,'' Credit Suisse not seen as systemic risk
March 17, 2023
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Near ''cliff''s edge,'' Credit Suisse not seen as systemic risk https://ift.tt/tpwPklo say the upheaval is largely a byproduct of Credit Suisse's troubles in recent years - making it look relatively vulnerable - and investor worries about the health of Western banks in general following the collapse of Silicon Valley Bank in the United States.
Thursday, March 16, 2023
Dollar slips as banks rescue makes room for relief rally
March 16, 2023
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Dollar slips as banks rescue makes room for relief rally https://ift.tt/lvIbkNf dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets. This calmed the markets and allowed for the Aussie and kiwi to rise. The $30 billion rescue package put together by top power brokers from the U.S. Treasury, Federal Reserve, and banks followed Credit Suisse's announcement earlier on Thursday that it would borrow up to $54 billion from the Swiss National Bank. This implosion of U.S.
Taking Stock: TCS under Gopinathan sees 18% CAGR in 6 years
March 16, 2023
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Taking Stock: TCS under Gopinathan sees 18% CAGR in 6 years https://ifttt.com/images/no_image_card.pngThe company’s market cap rose to around Rs 11.7 lakh crore from Rs 4.5 lakh crore, a CAGR of nearly 18%. The stock gained nearly three times during Gopinathan’s tenure, beating the benchmark Sensex which grew over two times. On Thursday, TCS announced that Gopinathan had resigned from his post to pursue “other interests”. He will be replaced by K Krithivasan.
Vinod Adani part of promoter Group: Adani Group to bourses
March 16, 2023
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Vinod Adani part of promoter Group: Adani Group to bourses https://ift.tt/1Ev2dgD clarification comes in the wake of Hindenburg Research alleging in its January report that Dubai-based Vinod Adani was responsible for creating and managing a network of offshore shell entities meant for stock parking, market manipulation and laundering money to aid the group in dressing up its financial position.
67% investors generate less returns than the index: Study
March 16, 2023
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67% investors generate less returns than the index: Study https://ift.tt/MZAIT8U to the study, 65% of investors were not even aware of their exact stock market returns and 77% were not aware that they consistently need to beat the benchmark indices.
These 8 midcap stocks slip to their new 52-week lows
March 16, 2023
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These 8 midcap stocks slip to their new 52-week lows https://ifttt.com/images/no_image_card.pngOn Thursday, the Sensex benchmark index experienced a slight increase of approximately 79 points, closing at 57,635. However, despite this mild recovery, 8 stocks from the the BSE index index reached their new 52-week lows. This technical indicator is often used by traders and investors to analyze a stock's current value and forecast its future price movement. The 52-week low represents the lowest price at which a stock has traded within the past year
Explainer: What is Credit Suisse crisis all about and how will it impact India?
March 16, 2023
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Explainer: What is Credit Suisse crisis all about and how will it impact India? https://ift.tt/JU2ZF1z, the firm has been in financial trouble over the past 2-3 years and has been questioned for submitting its audited financial statements. Some time last year, there were also talks of a possible merger of the bank with a peer bank, but did not bear fruit
Wednesday, March 15, 2023
4 sectors Vikas Khemani is bullish on for next 2 years
March 15, 2023
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4 sectors Vikas Khemani is bullish on for next 2 years https://ift.tt/1Ev2dgD developmental expenditure on IT is yet to come, which in my opinion will start happening once the US economy stabilizes or interest rates starts coming down
Big Movers on D-St: What should investors do with Gujarat Pipavav, SPARC and Hindalco?
March 15, 2023
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Big Movers on D-St: What should investors do with Gujarat Pipavav, SPARC and Hindalco? https://ift.tt/XN0wJQp that were in focus include names like Gujarat Pipavav Port which rose nearly 2% to hit a fresh 52-week high, Sun Pharma Advanced Research which tumbled over 5% to a fresh 52-week low and Hindalco which pared gains but closed in the green on Wednesday.
Reliance Naval winner seeks more time to start payments
March 15, 2023
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Reliance Naval winner seeks more time to start payments https://ift.tt/QlO4ATf per the payment schedule approved by NCLT, the Swan Energy-Hazel Mercantile team had to pay ₹200 crore to lenders, ₹65 crore towards CIRP cost and ₹10 crore to trade creditors and employees. They needed to make this payment within 90 days from December 23, 2022, when NCLT approved their resolution plan.
SBI files insolvency plea against simplex
March 15, 2023
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SBI files insolvency plea against simplex https://ift.tt/hxH9RkC are not too enthusiastic about the recovery chances from the account. "EPC companies such as these typically have a lot of pending receivables from the government, which invariably have some counterclaims. So recoveries are very difficult as these companies have very little assets that can be monetised," said a second person aware of the company's position.
Promoter Sumitomo Wiring likely to sell 3.4% stake in Samvardhana Motherson via block deal on Thursday
March 15, 2023
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Promoter Sumitomo Wiring likely to sell 3.4% stake in Samvardhana Motherson via block deal on Thursday https://ift.tt/wMUi6no Wiring will sell about 230 million shares in the company in a deal that is valued at Rs 1,607 crore. The promoter company held about 17.55% stake in Samvardhana Motherson as of December quarter
Tuesday, March 14, 2023
Market upside limited till there's some turnaround in global markets: Rakesh Arora
March 14, 2023
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Market upside limited till there's some turnaround in global markets: Rakesh Arora https://ift.tt/MrvjICS meltdown does not really impact us but we would in any case be slowing down given that interest rates have risen by more than 200 basis point in India also and it does not look likely that we are going to stop immediately.
Meta needs little more injection of innovation: Aditya Narayan Mishra
March 14, 2023
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Meta needs little more injection of innovation: Aditya Narayan Mishra https://ift.tt/HE5KmOM this delayering really helps them, sometimes it does, innovation becomes easier when the organisation gets delayed; however, it needs careful navigation. I hope that Meta is able to navigate that.
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
March 14, 2023
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Asian shares gain as fears about rapid Fed hikes, bank crisis fade https://ift.tt/g5JkHv2 recently as last week, markets were braced for the return of large Fed hikes but the swift collapse of SVB has changed those expectations, with market pricing in an 80% chance of a 25 basis point hike next week.
Indian startups meet Rajeev Chandrasekhar to highlight issues post SVB collapse
March 14, 2023
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Indian startups meet Rajeev Chandrasekhar to highlight issues post SVB collapse https://ift.tt/AR6jlwq of State for Electronics & Information Technology Rajeev Chandrasekhar on Tuesday met more than 400 representatives from the startup and venture capitalist ecosystem to take stock of the impact of the Silicon Valley Bank’s (SVB) collapse on Indian companies.
Heatwave yet to affect vegetable output, prices
March 14, 2023
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Heatwave yet to affect vegetable output, prices https://ift.tt/rJi5qDn country has witnessed the hottest ever February this year and the India Meteorological Department has issued warnings of heatwaves from March to May, with temperatures expected to rise 3-5 degree Celsius above normal.
No Harvey Weinstein retrial on rape, sex assault charges
March 14, 2023
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No Harvey Weinstein retrial on rape, sex assault charges https://ift.tt/zUhBDAW Deputy District Attorney Paul Thompson announced the decision to Superior Court Judge Lisa B. Lench at a hearing in downtown Los Angeles. The judge dismissed the charges that a jury failed to reach an agreement on in December and said Weinstein would be returned to New York, where he was convicted in a similar case.
Monday, March 13, 2023
Was this a bailout? Skeptics descend on Silicon Valley Bank response.
March 13, 2023
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Was this a bailout? Skeptics descend on Silicon Valley Bank response. https://ift.tt/mWcqkUn the definition of "bailout" is ill-defined, it is typically applied when an institution or investor is saved by government intervention from the consequences of reckless risk-taking. The term became a swear word in the wake of the 2008 financial crisis, after the government engineered a rescue of big banks and other financial firms using taxpayer money, with little to no consequences for the executives who made bad bets that brought the financial system close to the abyss.
Asian shares extend losses as US banking worries persist
March 13, 2023
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Asian shares extend losses as US banking worries persist https://ifttt.com/images/no_image_card.png"There is escalating tensity in the global financial world; this is despite non-U.S. banks' exposure to US regional banks being minimal, with the global systems being well capitalized and flush with liquidity," said Stephen Innes, managing partner at SPI Asset Management.
India's retail inflation slows to 6.4% in February
March 13, 2023
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India's retail inflation slows to 6.4% in February https://ift.tt/YHMQpW7 inflation has been a concern for central banks across the world, including India, as the uncertain nature of the Russia-Ukraine war compounded supply-side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks.
Tech Mahindra soars on appointment of new CEO
March 13, 2023
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Tech Mahindra soars on appointment of new CEO https://ift.tt/aC5MLhD, which has a target of ₹1,100 per share, lauded Joshi's appointment. "Great CEO choice, but a turnaround is not easy and will take time. Tech Mahindra faces structural challenges in matching leading peers in organic growth and margin," said analysts at JPMorgan.
Despite the market decline, 6 stocks reach new 52-week highs
March 13, 2023
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Despite the market decline, 6 stocks reach new 52-week highs https://ift.tt/RoWiwNu
Sunday, March 12, 2023
Biden vows to hold those responsible for bank failures 'fully accountable'
March 12, 2023
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Biden vows to hold those responsible for bank failures 'fully accountable' https://ifttt.com/images/no_image_card.png"I am firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again," Biden said in a statement.
Open interest's high among retail investors. But winnings? Not quite
March 12, 2023
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Open interest's high among retail investors. But winnings? Not quite https://ift.tt/819xsjf worrisome part is that this sophisticated segment is drawing in people with limited knowledge and modest financial muscle. Salaried professionals, retirees, school teachers, and even housewives and students have jumped in, lured by the low brokerage and ease of trading offered by discount brokers and stock trading apps.
Silicon Valley Bank's fall widens systemic cracks as cheap money vanishes
March 12, 2023
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Silicon Valley Bank's fall widens systemic cracks as cheap money vanishes https://ift.tt/lzULpFH the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences
Jeremy Grantham’s world of Super Bubbles has no soft landings
March 12, 2023
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Jeremy Grantham’s world of Super Bubbles has no soft landings https://ift.tt/zr7ANaF joined the What Goes Up podcast to discuss the current state of play in markets, as well as some of the long-term risks he’s been studying, like climate change, de-globalization, the return of the Cold War and shortages in natural resources and labor.
Saturday, March 11, 2023
Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout
March 11, 2023
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Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout https://ift.tt/819xsjf Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with Silicon Valley Bank, people familiar with the matter said on Friday. With $209 billion in assets, the Santa Clara, California based lender was the 16th largest U.S. bank, making the list of potential buyers who could pull off a deal over a weekend relatively short.
Traders brace for more market shocks after week of wild swings
March 11, 2023
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Traders brace for more market shocks after week of wild swings https://ift.tt/819xsjf result has been increasingly wild moves across the spectrum of asset classes, swings that may persist over another news-packed stretch.
China unexpectedly taps central bank chief, finance minister to stay on
March 11, 2023
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China unexpectedly taps central bank chief, finance minister to stay on https://ift.tt/PNx4Z3V Xi Jinping opted for a measure of continuity in key economic policymaking posts after installing close confidant Li as premier, to replace the retiring Li Keqiang.
India, Australia likely to wrap up $100 billion trade pact by December
March 11, 2023
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India, Australia likely to wrap up $100 billion trade pact by December https://ift.tt/xhRgZ13 said that committing to a deadline was "dangerous," as this could lead to compromises, but added that both countries are committed to speeding up negotiations. "We would love to do that," he said.
Kunj Bansal shares top stock picks for investors
March 11, 2023
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Kunj Bansal shares top stock picks for investors https://ift.tt/4WkBZEO to Kunj Bansal, while concerns persist regarding the anticipated slowdown or recession in global markets, especially the US and Europe where India's IT services are exported, the sector can still achieve an annualized growth rate of around 10 per cent. The pressure on margins caused by high employee costs and attrition rates has been easing, he said.
Smart Beta ETFs: An alternative way to take passive exposure
March 11, 2023
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Smart Beta ETFs: An alternative way to take passive exposure https://ift.tt/CKcOVoz popularity of Smart Beta ETFs is on the rise across the globe as they can generate alpha by using different factors
Friday, March 10, 2023
SVB depositors, investors tried to pull $42 billion Thursday
March 10, 2023
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SVB depositors, investors tried to pull $42 billion Thursday https://ifttt.com/images/no_image_card.pngThe bank had a negative cash balance of $958 million at the close of business on March 9
SVB's demise a sign of worry, but limited contagion risk: analysts
March 10, 2023
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SVB's demise a sign of worry, but limited contagion risk: analysts https://ift.tt/1BKdUEI the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organize regular "stress tests" designed to uncover vulnerabilities at the largest banks.
China's February credit grows faster than expected, supporting recovery
March 10, 2023
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China's February credit grows faster than expected, supporting recovery https://ift.tt/CKcOVoz government's lifting of harsh pandemic curbs in December and other measures have started to rekindle credit demand in the world's second-largest economy, after a COVID-induced slump rattled business and consumer confidence. But there are some fears that momentum could fade after the initial bounce.
CBIC mandates timebound digital records of arrests
March 10, 2023
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CBIC mandates timebound digital records of arrests https://ift.tt/CKcOVoz Central Board of Indirect Taxes and Customs (CBIC), in a letter dated March 1 to all its zonal offices, has directed uploading of all details related to arrests, seizures and prosecution on the DRI (Directorate of Revenue Intelligence) Intelligence Gathering and Investigation Tool (DIGIT). The tool is hosted on the CBIC website.
In a first since 1961, the Oscars carpet will not be red
March 10, 2023
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In a first since 1961, the Oscars carpet will not be red https://ift.tt/nbBKrTY Wednesday outside the Dolby Theatre in Hollywood, workers unspooled a champagne-coloured carpet as Jimmy Kimmel, who is hosting the 95th Oscars on Sunday, presided over the occasion. The decision to change the colour came from creative consultants Lisa Love, a longtime Vogue contributor, and Raul Avila, the creative director for the glamourous Met Gala in New York.
Thursday, March 9, 2023
ETMarkets Fund Manager Talk: FY24 earnings downgrades likely as assumptions look aggressive: Hemang Kapasi, Sanctum Wealth
March 09, 2023
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ETMarkets Fund Manager Talk: FY24 earnings downgrades likely as assumptions look aggressive: Hemang Kapasi, Sanctum Wealth https://ift.tt/aXqWZDF lead indicators like Composite Purchase Managers Index (PMI) have started showing sequential improvement in developed markets as well as China post the reopening from Covid restrictions, while India continues to be in an expansionary zone leading the pack.
Oil little changed, worries over rate hikes persist
March 09, 2023
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Oil little changed, worries over rate hikes persist https://ift.tt/kIWF90L of ongoing rate hikes in the world's largest oil producing country and similar remarks over the weekend by the European Central Bank President have cast a shadow over global growth, setting oil up for a weekly fall after two straight weeks of gains.
Max, KKR in talks with TPG to buy Care Hospitals
March 09, 2023
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Max, KKR in talks with TPG to buy Care Hospitals https://ift.tt/Igh1q7R a deal takes place, this will be the second-largest hospital buyout in India after the IHH-Fortis transaction of 2018.
Life Insurers' business growth muted in February
March 09, 2023
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Life Insurers' business growth muted in February https://ift.tt/HWzpUPa the overall retail APE for the industry rose 10.5% on a year-on-year basis, helped by private players expanding at 18%, LIC's retail APE declined by 3% over the same period. The low growth resulted from a likely pre-booking of high-ticket non-ULIP policies in February and March 2023 to avoid the impact of taxation change proposed in the FY24 union budget, according to an Emkay report.
Armenia proposes Iran-Black Sea corridor for Indian traders
March 09, 2023
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Armenia proposes Iran-Black Sea corridor for Indian traders https://ift.tt/aXqWZDF proposed corridor-which will run parallel to the International North-South Transport Corridor (INSTC)-will aim to connect Mumbai with Bandar Abbas in Iran and then Armenia and onward to Europe or Russia, bypassing Azerbaijan with whom India has lukewarm ties amid its close association with Turkey and Pakistan.
Wednesday, March 8, 2023
ETMarkets Fund Manager Talk: Women fund managers making significant difference in MF industry: Meeta Shetty, Tata MF
March 08, 2023
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ETMarkets Fund Manager Talk: Women fund managers making significant difference in MF industry: Meeta Shetty, Tata MF https://ift.tt/oPINbu3 curiosity drove me to the world of equity markets, wherein I not only got a chance to study businesses more closely but also got an opportunity to create wealth for my investors.
India will continue to attract FII money but at a slower pace: Sudip Bandyopadhyay
March 08, 2023
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India will continue to attract FII money but at a slower pace: Sudip Bandyopadhyay https://ift.tt/VCSOKTJ Fed chair has come very clearly and mentioned that controlling the inflation is the top priority and interest rates will keep going up and significantly higher from current levels that kind of created a little bit of nervousness amongst our global investors and the correction in US market was caused by that.
Oil near flat as US crude stock draw contends with economic concerns
March 08, 2023
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Oil near flat as US crude stock draw contends with economic concerns https://ift.tt/FmiH2kT Tuesday, oil futures fell more than 3% and posted their largest daily fall since early January after comments by U.S. Federal Reserve Chair Jerome Powell that the central bank would likely need to raise interest rates more than expected in response to recent strong data
Short-term yields up, Re down after Powell rate signal
March 08, 2023
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Short-term yields up, Re down after Powell rate signal https://ift.tt/d28HUtJ emergency measures (LTRO/TLTRO) taken during the Covid-19 pandemic were aimed at ensuring adequate liquidity in the financial system that faced major shocks due to business disruptions and strict mobility curbs imposed to prevent the spread of the virus
Promoters pledge additional shares of Adani Transmission, Adani Green with SBI Trustee
March 08, 2023
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Promoters pledge additional shares of Adani Transmission, Adani Green with SBI Trustee https://ift.tt/mzcByOb Adani Green Energy, 1,56,65,500 shares or 0.99% more stake has been pledged. With this, a total 2% stake is pledged with SBI Trustee. In Adani Transmission, 85,26,000 shares or 0.76% stake has been pledged. With this, a total 1.32% stake is pledged with the trustee
Decoded ! 7 steps involved in theIPOprocess
March 08, 2023
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Decoded ! 7 steps involved in theIPOprocess https://ifttt.com/images/no_image_card.png>> For more such web stories click on the ET icon below
Tuesday, March 7, 2023
3 sectors Deven Choksey is bullish on in near term
March 07, 2023
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3 sectors Deven Choksey is bullish on in near term https://ifttt.com/images/no_image_card.pngOverall, on the corporate sector, my take is that at this point of time it would be slightly early to speculate but given the track record of the government I think they would prepare themselves in advance, make sure that food products prices do not go out of reach of common man and at the same time I think would like to believe that most of the corporates also would position their products and the production in light of this development if at all it happens.
Asian stocks tumble after hawkish Powell comments
March 07, 2023
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Asian stocks tumble after hawkish Powell comments https://ift.tt/O9fJYzk closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at -106 basis points, its deepest since August 1981, according to Refinitiv data. Such an inversion is seen as a reliable recession indicator.
Government looks to keep borrowing in check
March 07, 2023
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Government looks to keep borrowing in check https://ift.tt/8EFlNhA big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards.
Adani Power amalgamates six subsidiary companies
March 07, 2023
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Adani Power amalgamates six subsidiary companies https://ifttt.com/images/no_image_card.png"We wish to update that all the conditions stated under the Scheme for making it effective have been satisfied, and hence the Scheme is now effective from the Appointed Date i.e. October 1, 2021, as specified thereunder," it said. The six companies -- APML, APRL, UPCL, REL, REGL and APMuL -- now stand amalgamated with APL, it added.
Centre directs Nafed, NCCF to buy red onion from farmers
March 07, 2023
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Centre directs Nafed, NCCF to buy red onion from farmers https://ifttt.com/images/no_image_card.png"Prices remained stable due to consistency in demand and supplies as well as export potential. However, the month of February saw a decline in prices of red onion, particularly in the State of Maharashtra where the modal rate dropped to Rs 500 -700/quintal," the agriculture ministry said in a statement.
Debt default would cripple US economy, analysis warns
March 07, 2023
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Debt default would cripple US economy, analysis warns https://ift.tt/8EFlNhA damage could spiral to 7 million jobs lost and a 2008-style financial crisis in the event of a prolonged breach of the debt limit, in which House Republicans refuse for months to join Democrats in voting to raise the cap, Zandi and colleagues Cristian deRitis and Bernard Yaros wrote in an analysis prepared for the Senate Banking Committee's Subcommittee on Economic Policy.
Chinese minister warns China, US on course for conflict
March 07, 2023
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Chinese minister warns China, US on course for conflict https://ift.tt/8U9ikSh his first news conference since taking office late last year, Qin's harsh language appeared to defy predictions that China might abandon its aggressive "wolf warrior" diplomacy in favor of more moderate rhetoric as the two countries face off over trade and technology, Taiwan, human rights and Russia's invasion of Ukraine.
Monday, March 6, 2023
Shades of wealth! Four smallcap financial stocks have turned multibaggers since last Holi. Do you own any?
March 06, 2023
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Shades of wealth! Four smallcap financial stocks have turned multibaggers since last Holi. Do you own any? https://ift.tt/597Oy68 said that the operating environment for Indian banks remains the best in a decade, maintaining its bullish view on the sector. The brokerage sees HDFC Bank, Axis Bank and SBI to outperform, while it expects Kotak Mahindra Bank and ICICI Bank to perform in line with the market.
No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February
March 06, 2023
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No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February https://ift.tt/nULJCe2 data shows that the worst sell-off was in the oil and gas sector, with a net outflow of Rs 4,973 crore, followed by power (Rs 2,848 crore) and metals (Rs 2,642 crore).
Saudi Arabia jacks up April oil prices for Asia & Europe
March 06, 2023
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Saudi Arabia jacks up April oil prices for Asia & Europe https://ift.tt/OXUAuSz oil futures have weakened slightly this year, many energy traders and executives see them climbing - perhaps to $100 a barrel - as China's economy recovers after the lifting of coronavirus lockdowns and inflation in other major economies decelerates.
Owners of Daily Telegraph and Barclay business empire summoned in £100M divorce
March 06, 2023
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Owners of Daily Telegraph and Barclay business empire summoned in £100M divorce https://ift.tt/GQdZLSN and Howard Barclay, the nephews of octogenarian tycoon Frederick Barclay, were issued with a witness summons by Judge Jonathan Cohen. Frederick owes his ex-wife the vast sum but is yet to pay her a penny, saying he's being stymied by his nephews who won't free up the cash.
Sunday, March 5, 2023
Kale and Apple Salad
March 05, 2023
0
INGREDIENTS
2cupkale
1apple
2tablespoonalmonds
2tablespoonvirgin olive oil
1tablespoonlemon juice
1tablespoonmaple syrup
0salt as required
How to make Kale and Apple Salad
Step 1
Wash the kale leaves properly and pat them dry. Trim off the hard edges and collect the leaves in a bowl.
Step 2
In a bowl, add olive oil, lemon juice, maple syrup and salt as per taste. Whisk well to make a dressing.
Step 3
Pour the dressing on the kale leaves and mix well to coat the leaves properly. Set them aside for now.
Step 4
Now just peel and chop the apple into bite-sized cubes. Add these cubes to the salad and give a toss.
Step 5
Garnish the salad with crushed almonds and serve. Enjoy!
Via Recipes & Food: Easy & Healthy Recipes, Beverages, Food Articles Online on Times Food https://ift.tt/L2XZ5fKCommodity traders saw $100 billion year as market boomed, says report
March 05, 2023
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Commodity traders saw $100 billion year as market boomed, says report https://ift.tt/wH2kZOT revenue has roughly tripled from the $36 billion in 2018, according to the report. Gross margins from independent trading houses far outstripped others in the sector. For the first time, the consultancy’s analysis split out hedge fund numbers into their own section, having merged them with others beforehand.
Stocks in news: LIC, Dish TV, Adani Ports, Adani Total Gas, Tech Mahindra
March 05, 2023
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Stocks in news: LIC, Dish TV, Adani Ports, Adani Total Gas, Tech Mahindra https://ift.tt/UMvqod6 of Dish TV India rejected appointments of four candidates as non-executive independent directors on the company board, reducing the strength to just directors.
RBI keeping close watch on top 20 conglomerates
March 05, 2023
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RBI keeping close watch on top 20 conglomerates https://ift.tt/Dl7KwG5 RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.
Global stocks in new phase, needs more risk-taking capacity
March 05, 2023
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Global stocks in new phase, needs more risk-taking capacity https://ift.tt/jauvhVS 24th February 2023, the United States Commerce Department released the inflation data, which reported the Personal Consumption Expenditure (PCE) for Jan 2023 rising to 5.4% from the year earlier, which stood higher than expectations.
Despite 43% rally in a week, this multibagger realty stock has more steam left. Time to buy?
March 05, 2023
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Despite 43% rally in a week, this multibagger realty stock has more steam left. Time to buy? https://ift.tt/4rg0ZaT say resilient home buying demand in Mumbai and likely out-of-interest rates should benefit Macrotech Developers. The optimism on housing demand comes with an increase in wages and employment opportunities and the return-to-work scenario in Mumbai
Friday, March 3, 2023
Stock traders are ignoring blaring bond alarms
March 03, 2023
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Stock traders are ignoring blaring bond alarms https://ift.tt/U6Dvj70 notion that yields may be peaking also has investors preaching caution when it comes to bonds. While bets have been building in recent weeks that the Fed will ultimately need to raise rates past 5% to stamp out inflation — boosting yields across the Treasury curve — traders are pricing in an end to increases by September.
Fed "acutely aware" of trouble inflation is causing - report
March 03, 2023
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Fed "acutely aware" of trouble inflation is causing - report https://ift.tt/U6Dvj70 document noted that U.S. financial conditions have tightened since the Fed's last report to Congress in June, and hinted that the impact of monetary policy was intensifying in some corners of the economy.
Adani stocks jump for 4th day in a row
March 03, 2023
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Adani stocks jump for 4th day in a row https://ift.tt/U6Dvj70 total market value of Adani's 10 listed companies rose by ₹68,300 crore on Friday after gaining ₹1.04 lakh crore in the previous three trading sessions. Gautam Adani's wealth, as shown in the Forbes Billionaires List, rose $5.4 billion on Friday to $43.3 billion, and his ranking jumped from 37 early this week to 26 on Friday.
Reliance Industries plans to set up 10 GW solar project in Andhra Pradesh
March 03, 2023
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Reliance Industries plans to set up 10 GW solar project in Andhra Pradesh https://ift.tt/7sFp9Qj at the inaugural session of the southern state's two-day Global Investors Summit 2023 in Visakhapatnam, Ambani said Reliance will create 50,000 new job opportunities in the state and promote sale of products made in Andhra via its retail business.
Donald Trump doesn't deserve immunity in Jan 6 lawsuits: Justice Dept
March 03, 2023
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Donald Trump doesn't deserve immunity in Jan 6 lawsuits: Justice Dept https://ift.tt/XWnckla lawyers agreed with Trump that presidents are entitled to robust protections against being sued over their official duties. But in a newly filed court brief, they disagreed that the allegations in the Jan. 6 cases against the former president entitle him to immunity at this stage. They didn't take a position on whether he should ultimately win or lose on the merits.
Jailed Malaysia ex-PM Najib Razak acquitted in latest 1MDB trial
March 03, 2023
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Jailed Malaysia ex-PM Najib Razak acquitted in latest 1MDB trial https://ift.tt/vHgaR8n 1MDB development fund was set up months after Najib became prime minister in 2009. Investigators allege more than $4.5 billion was stolen from the fund and laundered by Najib's associates through layers of bank accounts in the United States and other countries to finance Hollywood films and extravagant purchases that included hotels, a luxury yacht, art and jewellery. More than $700 million landed in Najib's bank accounts Reuters.
Thursday, March 2, 2023
Gold eases as stronger U.S. dollar, yields dent appeal
March 02, 2023
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Gold eases as stronger U.S. dollar, yields dent appeal https://ift.tt/vHgaR8n consumer price data next week could offer investors more clues on the path of rates heading into the Fed's March 21-22 meeting, where it is expected to raise rates by 25 basis points.
Adani sells $1.87 billion stake in Group companies
March 02, 2023
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Adani sells $1.87 billion stake in Group companies https://ift.tt/FHS2ftr said the conglomerate may also use the funds to prepay a $750-million mezzanine debt facility, which was also taken to help finance the purchase of the twin cement assets, billed as the biggest takeover in India's building materials industry to date.
SC names panel to review investor protection norms
March 02, 2023
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SC names panel to review investor protection norms https://ift.tt/vHgaR8n expert committee is headed by former Supreme Court judge Abhay Manohar Sapre. Its members are former State Bank of India chairman OP Bhatt, former Bombay High Court judge JP Devadhar, noted banker and National Bank for Financing Infrastructure and Development (NaBFID) chairperson KV Kamath, Infosys cofounder Nandan Nilekani and securities lawyer Somasekhar Sundaresan.
D-Street rally sputters on renewed rate hike worries
March 02, 2023
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D-Street rally sputters on renewed rate hike worries https://ift.tt/5nK6aPZ indices wiped out previous day gains, with the Sensex closing below 59,000 and the Nifty breaking below its 200-day moving average (DMA) of 17,397, a key technical indicator, led by declines in banks, technology, automobile and metals stocks.
Many states to miss capex targets this fiscal: Icra
March 02, 2023
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Many states to miss capex targets this fiscal: Icra https://ift.tt/MCtA6kb to the agency, these 23 states' combined capital outlay and net lending stood at Rs 3.2 lakh crore as of December 2022, which is only 46 per cent of their FY23 budget estimates. Consequently, a substantial Rs 3.8 lakh crore of additional spending is required in Q4 to meet their budgeted capex of Rs 7 lakh crore.
US weekly jobless claims decline further
March 02, 2023
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US weekly jobless claims decline further https://ift.tt/Kgezlxr is still no sign that high-profile layoffs, mostly in the technology sector, have had a material impact on the labor market, with economists and policymakers saying these companies over-hired during the pandemic and were not representative of the overall economy. Economists also speculate that severance packages were keeping some laid off workers from filing claims.
Wednesday, March 1, 2023
Despite volatility, don’t expect a very sharp correction in market: Jitendra Arora
March 01, 2023
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Despite volatility, don’t expect a very sharp correction in market: Jitendra Arora https://ift.tt/Kgezlxr are a few forces which are driving the market as of now. The first one being obviously the market's understanding of how much central banks are likely to raise in terms of rates both locally as well as globally. We started the year assuming that the Fed is perhaps very close to their rate hikes and there will be another 25 bps more to go.
Asian stocks rally sputters as China pulls back, higher U.S. yields weigh
March 01, 2023
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Asian stocks rally sputters as China pulls back, higher U.S. yields weigh https://ift.tt/vmJ1t0k the United States, manufacturing activity contracted for a fourth straight month in February, but a gauge of prices for raw materials increased last month, stoking concerns that inflation would remain stubborn.
Fed seen likely to raise policy rate above 5.5% by September
March 01, 2023
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Fed seen likely to raise policy rate above 5.5% by September https://ift.tt/9LvhsZY rate-futures contracts currently are pricing in a high likelihood of interest-rate hikes at each of the Fed's next several meetings, and a receding chance of any rate cuts later this year.
Axis Bank completes buyout of Citi's India consumer business
March 01, 2023
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Axis Bank completes buyout of Citi's India consumer business https://ift.tt/9LvhsZY transaction, announced in March 2022, has been closed for a cash consideration of 116.03 billion rupees ($1.41 billion).
China's factories storm ahead, output growth returns to euro zone
March 01, 2023
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China's factories storm ahead, output growth returns to euro zone https://ift.tt/hCI1gKG global demand coupled with high inflation and interest rates have hit manufacturers, but stronger signs that Chinese factories are rebounding after the removal of strict COVID-19 curbs could, as supply chains also recover, temper an expected downturn in the global economy.
From condoms to cosmetics, China sales grow as lockdowns end
March 01, 2023
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From condoms to cosmetics, China sales grow as lockdowns end https://ift.tt/FRDH6OM sales in China would be a relief for companies struggling with higher energy and wage costs, particularly in Europe, at the same time as rising prices of food, energy and rents are forcing consumers to be pickier about what they buy.
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