Lenders reject Go First’s pleas for undrawn funds https://ift.tt/tJlWAS6 First has undrawn limits of about Rs 200 crore under the government’s emergency credit line guarantee scheme (ECLGS), which was introduced to support sectors like travel and tourism that were hit hard by the Covid-19 pandemic disruptions, they said. The banks’ decision not to release more...
Wednesday, May 31, 2023
India Inc’s revenue grows in double digits but loses more steam in Q4
May 31, 2023
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India Inc’s revenue grows in double digits but loses more steam in Q4 https://ift.tt/75nctdX for a sample of 2,863 companies grew by 13.4% year-on-year in the March quarter. After clocking 33.9% growth in the June 2022 quarter, top line growth has slowed down gradually in each of the quarters since then. Net profit rose by 6.5% in the March quarter. While it...
Govt to sell up to 3% in Coal India via OFS
May 31, 2023
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Govt to sell up to 3% in Coal India via OFS https://ift.tt/19ilmFK government has proposed to sell up to 9.24 crore shares representing 1.50% of the total paid-up equity as a base offer with an option to additionally sell 9.24 shares or 1.5% of the company equity in the event of oversubscriptio...
Sebi moots tough rules to lift FPI veil
May 31, 2023
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Sebi moots tough rules to lift FPI veil https://ift.tt/KiNbgxH has to give a finality to the Adani probe, preserve its reputation, change the rules if needed, convince FATF as well as keep alive the interest of FPIs. It can only hope that the price would not be too hig...
Spandana founder plans to sell 14.5% stake in company
May 31, 2023
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Spandana founder plans to sell 14.5% stake in company https://ift.tt/fpe5EKA Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half years ago following a dispute with the majority shareholder Kedaara Capital. With an immediate aim to raise INR1bn ($13m), she intends to invest the sum in...
Agricultural products trade via e-NAM surges 41% in FY23
May 31, 2023
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Agricultural products trade via e-NAM surges 41% in FY23 https://ift.tt/NMbGOK4 products trade through the electronic-National Agriculture Market (e-NAM) surged 41% to 18.6 million tonnes in 2022-23 from 13.2 million tonnes in the previous financial year. "Several innovative products have started trading through these mandis," said a senior official, who did...
Sebi mulls mandating additional disclosure for high-risk FPIs
May 31, 2023
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Sebi mulls mandating additional disclosure for high-risk FPIs https://ift.tt/19ilmFK proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI's difficulty in identifying the beneficial owners of some foreign portfolio investments...
Adani to raise $3.5 bn from share sale in three group cos
May 31, 2023
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Adani to raise $3.5 bn from share sale in three group cos https://ift.tt/e9D3NTn may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani's group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and...
Tuesday, May 30, 2023
ETMarkets Fund Manager Talk: Volume growth can make for potential hit to MF industry profits on fee cap: Mahindra Manulife
May 30, 2023
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ETMarkets Fund Manager Talk: Volume growth can make for potential hit to MF industry profits on fee cap: Mahindra Manulife https://ift.tt/19ilmFK industry has seen unprecedented growth since the end of the financial crisis in 2008, and we have witnessed almost 10x growth in AUM since that poin...
ETMarkets Management Talk: Choice International aims over 30-40% annual growth over next 2-3 years: Kamal Poddar
May 30, 2023
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ETMarkets Management Talk: Choice International aims over 30-40% annual growth over next 2-3 years: Kamal Poddar https://ift.tt/HyA089m revenue growth in FY23 can be attributed to two key business verticals: Broking services and B2G advisory services. Notably, we have witnessed a significant increase of nearly 50% in the number of demat accounts opened with...
India's growth momentum may continue in FY24: RBI
May 30, 2023
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India's growth momentum may continue in FY24: RBI https://ift.tt/FGY8vAX is already moderating and the external account is sound, the Reserve Bank of India (RBI) said, but the El Nino and its adverse impact on rainfall remain potential threats to macroeconomic stability and food prices. Furthermore, moderating global growth, protracted geopolitical tensions...
Suzlon Energy Q4 Results: Firm posts net profit of Rs 320 crore against Rs 205.52 crore loss YoY
May 30, 2023
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Suzlon Energy Q4 Results: Firm posts net profit of Rs 320 crore against Rs 205.52 crore loss YoY https://ift.tt/9Qe6i2s energy solutions provider Suzlon Energy reported a consolidated net profit of INR320 crore ($42.5m) for the quarter ended 31 March. This contrasts with the same period in 2022 when it posted a net loss of INR205.52 crore ($27.4m). Total income...
Putin says Ukraine drone strikes on Moscow aim to scare and provoke Russia
May 30, 2023
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Putin says Ukraine drone strikes on Moscow aim to scare and provoke Russia https://ift.tt/A1kcbJ2 said eight drones targeted civilian areas of Moscow and the Moscow region - with a population of over 21 million - in the early hours of Tuesday but were either shot down or diverted with special electronic jammers. Putin cast the assault, which brought the 15-month...
These 5 commodity stocks hit a new 52-week high. Do you own any?
May 30, 2023
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These 5 commodity stocks hit a new 52-week high. Do you own any? https://ift.tt/Euqve...
Monday, May 29, 2023
Here's why Chris Wood is positive on Indian markets
May 29, 2023
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Here's why Chris Wood is positive on Indian markets https://ift.tt/rPmEuhs investors have started to buy India back, partly because they are coming to India and realising the story is intact, two, because they are surprised by the resilience of the market and three, because they have started selling China agai...
Political stability helping drive investments to India: Chip Bergh, CEO, Levi Strauss
May 29, 2023
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Political stability helping drive investments to India: Chip Bergh, CEO, Levi Strauss https://ift.tt/knjMLie Strauss & Co.'s CEO, Chip Bergh, has praised India's political stability as a driver of consumer demand and foreign investment. Bergh attributes the high degree of consumer optimism in India to a perception of political stability, creating an environment...
ICICI Bank to raise stake in ICICI Lombard
May 29, 2023
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ICICI Bank to raise stake in ICICI Lombard https://ift.tt/3SsN4dO a disclosure filed with the stock exchanges on March 10, ICICI Bank had said that it had received an extension from the Reserve Bank of India (RBI) for divesting its shareholding in ICICI Lombard General Insurance Company Limite...
Japan PM Kishida's son to resign as secretary after 'inappropriate' behaviour, Kishida says
May 29, 2023
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Japan PM Kishida's son to resign as secretary after 'inappropriate' behaviour, Kishida says https://ift.tt/kvtCKal told reporters that Shotaro Kishida would step down as his secretary from Thursday, saying the change was due to "inappropriate" behaviour at the official residence. A magazine last week published photos of the younger Kishida and relatives apparently...
Reliance Capital Q4 Results: Net loss narrows to Rs 1,488 crore
May 29, 2023
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Reliance Capital Q4 Results: Net loss narrows to Rs 1,488 crore https://ift.tt/cLsIKqM constituent of debt-laden Reliance Group had reported a consolidated net loss of Rs 4,249 crore in Q4FY22. Its total consolidated income decreased to Rs 4,436 crore from Rs 4,770 crore Yo...
These 10 financial services stocks record new 52-week highs
May 29, 2023
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These 10 financial services stocks record new 52-week highs https://ift.tt/ZdvF1...
Sunday, May 28, 2023
Angel Tax on multinational companies may bedevil FDI
May 28, 2023
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Angel Tax on multinational companies may bedevil FDI https://ift.tt/cLsIKqM government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the lev...
For bond trading, foreign banks ready locally-compliant structures
May 28, 2023
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For bond trading, foreign banks ready locally-compliant structures https://ift.tt/bOEc7qT banks likely to be affected by the impasse between the European Securities and Markets Authority (ESMA) and the Reserve Bank of India (RBI) may bypass the contentious overseas regulations by holding less than half of the domestic entity, sources close to the development...
Wall Street irked by frantic push to solve EM sovereign debt crises
May 28, 2023
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Wall Street irked by frantic push to solve EM sovereign debt crises https://ift.tt/RxjpeLb government defaults rise to a record in the developing world, the debate is growing frantic over how to solve these debt crises. Restructuring talks are stalling, with some countries turning to old-school sweeteners and others calling to revamp the G20's Common Framew...
Traders gear up for riskier assets
May 28, 2023
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Traders gear up for riskier assets https://ift.tt/cLsIKqM US dollar, which has benefited from angst around the statutory borrowing limit, will be in focus as another week of trading begins at 5 a.m. Monday in Sydney. Liquidity is set to be thin with US and UK markets closed Monday for national holidays, although futures contracts referencing US Treasuries and...
NRIs' rupee, forex deposits bolstered reserves in FY23
May 28, 2023
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NRIs' rupee, forex deposits bolstered reserves in FY23 https://ift.tt/cLsIKqM Reserve Bank of India's decision to exempt cash reserve ratio and statutory liquidity ratio on fresh inflows through NRI deposit schemes, and relax the interest rate cap, has led to a surge in foreign currency non-resident (bank) or FCNR (B) deposits. Fresh inflows through various...
Banks’ provisioning for NPAs falls for fifth quarter in a row in Q4
May 28, 2023
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Banks’ provisioning for NPAs falls for fifth quarter in a row in Q4 https://ift.tt/iDsY71K in India saw a fall in loan loss provisioning for the fifth consecutive period, indicating improving asset quality and sustained collection efficiency. Cumulative bad loan provisioning declined by 42.5% to Rs 18,354.4 crore, the lowest since March 2019 quarter, indicating...
Netflix puts an end to password-sharing for subscribers in US
May 28, 2023
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Netflix puts an end to password-sharing for subscribers in US https://ift.tt/cLsIKqM news was not a surprise. More than a year ago, in April 2022, the company announced its first subscriber loss in 10 years, attributing the decline, in part, to shifting economic forces as well as increased competition from other streaming service...
Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla
May 28, 2023
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Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla https://ifttt.com/images/no_image_card.png"We are a much more globalised economy in the world and the world is a lot more globalised. If you look at the overall tax rate structure in India, collection of taxes is one of the highest in the world and we are not the...
IPL-flavoured portfolio: Index fund for test match, stock baskets for T20 and ODI, says Abhishek Banerjee
May 28, 2023
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IPL-flavoured portfolio: Index fund for test match, stock baskets for T20 and ODI, says Abhishek Banerjee https://ift.tt/P8JIfjl managers draw analogies between cricket and investing. Abhishek Banerjee, smallcase manager and CEO of Lotusdew, compares RBI's management of inflation to India's 1983 Cricket World Cup win. Banerjee says he picks pinch-hitters like...
Cabinet secretary-led panel to interview five candidates for RBI deputy governor's post on June 1
May 28, 2023
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Cabinet secretary-led panel to interview five candidates for RBI deputy governor's post on June 1 https://ift.tt/wlT7p1Q to sources, five candidates have been shortlisted, including a non-executive chairman of a public sector bank. The Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary would interview candidates in...
Saturday, May 27, 2023
Yellen's debt limit warnings went unheeded, leaving her to face fallout
May 27, 2023
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Yellen's debt limit warnings went unheeded, leaving her to face fallout https://ifttt.com/images/no_image_card.png"I always worry about the debt ceiling," Yellen told The New York Times in an interview, in which she urged Democrats to use their remaining time in control of Washington to lift the debt limit beyond the 2024 elections. "Any way that Congress can...
Climate change will speed up inflation in next decade, says ECB
May 27, 2023
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Climate change will speed up inflation in next decade, says ECB https://ift.tt/l8U9Fe6 temperatures will boost annual food inflation by between 0.92 and a hefty 3.23 percentage points, the research paper found. While the so-called global south, where temperatures are hotter, should face more of the pain, it will also mean particular challenges for economic blocs...
Influencer dies after live-streaming himself drinking bottles of Chinese spirit
May 27, 2023
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Influencer dies after live-streaming himself drinking bottles of Chinese spirit https://ift.tt/fGJ0N4o influencer "Sanqiange" (or "Brother Three Thousand") was found dead mere hours after streaming himself participating in a competition with another influencer that involved drinking Baijiu, a Chinese liquor with a normal alcohol level of 30 per cent to 60 per...
Friday, May 26, 2023
Nord Stream sabotage clues point to Ukraine: reports
May 26, 2023
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Nord Stream sabotage clues point to Ukraine: reports https://ift.tt/BgV6p9W from the emails used to rent a sailboat suspected to have been used in the attack tie them to Ukraine, Spiegel weekly reported Friday. The president of the presumed shell company through which the "Andromeda" yacht was hired also lives in Kyiv, according to research by broadcasters NDR...
Does LIC's multifold jump in Q4 profit make it a buy? What brokerages say
May 26, 2023
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Does LIC's multifold jump in Q4 profit make it a buy? What brokerages say https://ift.tt/g5R0j9D Insurance Corporation of India (LIC) has reported a standalone net profit of Rs 13,428 crore for Q4 FY23, a 466% increase YoY, prompting brokerages including Motilal Oswal, Axis Capital and JM Financial to recommend "Buy" on the stock, while Emkay has maintained...
Chart Check: With 24% rise in a month, this hospital stock hits fresh record high; time to buy or book profits?
May 26, 2023
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Chart Check: With 24% rise in a month, this hospital stock hits fresh record high; time to buy or book profits? https://ift.tt/081cIwY suggest that Max Healthcare's recent rally may not be over, despite failing to maintain a fresh record high. Traders could buy the stock at present or on dips towards Rs 450-500 with a potential target of Rs 750-1,000 in the...
Thursday, May 25, 2023
India challenges WTO panel ruling on ICT import duties at appellate body
May 25, 2023
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India challenges WTO panel ruling on ICT import duties at appellate body https://ift.tt/UTsNbq2 dispute panel of WTO on April 17 said in its report that import duties imposed by India on certain information and technology products violate global trading norm...
Hot Stocks: Global brokerages on Cummins India, Phoenix Mills and Page Industries
May 25, 2023
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Hot Stocks: Global brokerages on Cummins India, Phoenix Mills and Page Industries https://ift.tt/BPkCaNO Sachs maintained a neutral rating on Cummins India, whereas Credit Suisse maintained an outperform rating on the company. CLSA has a buy rating on Phoenix Mills, and Morgan Stanley maintained an overweight rating on Page Industries with concerns over the...
ETMarkets Smart Talk: We expect Indian equities to deliver 12-13% returns in next 12 months: Naveen Kulkarni
May 25, 2023
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ETMarkets Smart Talk: We expect Indian equities to deliver 12-13% returns in next 12 months: Naveen Kulkarni https://ift.tt/2VhjLHN, markets are well poised to deliver healthy returns as the earnings growth trajectory continues to remain strong, and equity markets will see healthy double-digit return...
India's economy grew faster at 5.1% in Q4: Economists
May 25, 2023
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India's economy grew faster at 5.1% in Q4: Economists https://ift.tt/Zrln9BH ET poll of 20 economists pegged growth in the January-March period in the 4.1-5.7% range with the median at 5.1%, higher than the 4.4% recorded in the preceding quarte...
Wednesday, May 24, 2023
IPL-flavoured portfolio: Diversify stocks like a well-balanced team, says Ashwini Shami
May 24, 2023
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IPL-flavoured portfolio: Diversify stocks like a well-balanced team, says Ashwini Shami https://ift.tt/dpz9XQ3 way the market bounced back after the covid-19 crash in 2020 was a historic victory for the market participants who held onto their nerves and faced extreme uncertainties including end of the world kind of scenario...
At multi-year highs: ITC among 6 stocks that gave 5-year breakouts
May 24, 2023
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At multi-year highs: ITC among 6 stocks that gave 5-year breakouts https://ift.tt/tLdW4FD the NSE list of stocks with a market cap of over Rs 10,000 crore, six stocks crossed their previous 5-year high value at the close on May 24, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a loo...
Big movers on D-Street: What should investors do with Mahindra CIE Automotive, Elgi and Dixon?
May 24, 2023
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Big movers on D-Street: What should investors do with Mahindra CIE Automotive, Elgi and Dixon? https://ift.tt/6CI3SUr markets ended lower on Wednesday, led by selling in metal and financial stocks. Analysts said that without clear cues from global markets, participants are hesitant to make big moves. However, several individual stocks outperformed, including...
Poonawalla Fincorp trumps Federal Bank in market valuation
May 24, 2023
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Poonawalla Fincorp trumps Federal Bank in market valuation https://ift.tt/2yTcw7x Poonawalla-led Poonawalla Fincorp closed at ₹348.15 apiece on the BSE on Wednesday, up 0.61% from the previous close. Shares of Kochi-based Federal Bank closed at ₹123.85, down 1.43% from the previous clos...
LIC net surges over 6-fold in Q4; declares Rs 3 dividend
May 24, 2023
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LIC net surges over 6-fold in Q4; declares Rs 3 dividend https://ift.tt/0VgNd8G company had reported profit of ₹2,371 crore in the corresponding quarter in the previous year. The board has proposed a dividend of ₹3 per equity share (face value ₹10 each) for the FY 2022-23, resulting in dividend payout of ₹1,897 cror...
Dish TV's minority shareholders reach out to MCA on EGM delay
May 24, 2023
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Dish TV's minority shareholders reach out to MCA on EGM delay https://ift.tt/0VgNd8G association, which represents 77 domestic and foreign institutional investors who collectively own 10.15% of the DTH company, had on May 15 written to the Dish TV board to convene an EGM within the stipulated 21 days. It also called upon the ministry to initiate "stringent"...
Tuesday, May 23, 2023
How companies can protect themselves from cyber attacks? Saket Modi answers
May 23, 2023
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How companies can protect themselves from cyber attacks? Saket Modi answers https://ift.tt/tLdW4FD today's day and age, you have businesses which are reinventing themselves with technology as the heart and soul of what they are doing irrespective of the industry you are i...
ETMarkets Fund Manager Talk: This smallcase manager is betting on infra, capital goods, while shying away from IT
May 23, 2023
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ETMarkets Fund Manager Talk: This smallcase manager is betting on infra, capital goods, while shying away from IT https://ift.tt/0VgNd8G Indian equity market's sharp rally since April, buoyed by solid corporate earnings, favorable global cues, and falling bond yields, has turned heads. This rally has been quite exciting and high momentum stocks have flouris...
Oil prices rise on concerns over tightening supply
May 23, 2023
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Oil prices rise on concerns over tightening supply https://ift.tt/dxN5l18 prices rose as U.S. oil and fuel inventories reduced causing speculation over further OPEC+ output cuts. Industry data revealed a decline of 6.8 million barrels in crude inventories in the week to May 19 along with 6.4 million drop in gasoline inventories. Distillate inventories were down...
At Rs 10,000 crore, Anil Ambani's Reliance Capital recovery may be only 43%
May 23, 2023
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At Rs 10,000 crore, Anil Ambani's Reliance Capital recovery may be only 43% https://ifttt.com/images/no_image_card.pngThe recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation valu...
CreditAccess’ growth plans to keep Street hooked onto stock
May 23, 2023
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CreditAccess’ growth plans to keep Street hooked onto stock https://ift.tt/huPCf0H lender reported a sustained momentum in borrower additions. In the fourth quarter of FY23, it added nearly 5.5 lakh customers compared with over three lakh in the third quarter and 92,642 crore in the first quarte...
Monday, May 22, 2023
ETMarkets Smart Talk: Rs 30,000 cr in 2 months! Growth potential brings back FIIs to Indian markets: Mayank Mehraa
May 22, 2023
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ETMarkets Smart Talk: Rs 30,000 cr in 2 months! Growth potential brings back FIIs to Indian markets: Mayank Mehraa https://ift.tt/MDrKFNd The Indian stock market has been on a tear in recent months, despite a number of negative news flows, such as the crisis in Europe, rising inflation, and concerns about a global economic slowdow...
Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations
May 22, 2023
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Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations https://ift.tt/huPCf0H US dollar reached a six-month high against the yen as several Fed officials suggested that monetary policy may need further tightening. Minneapolis Fed President Neel Kashkari said the US rate may need to be 6% for inflation to achieve the 2% target, while the...
Sebi, RoC to now probe alleged wrongdoings at PTC India Fin
May 22, 2023
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Sebi, RoC to now probe alleged wrongdoings at PTC India Fin https://ift.tt/5i69efH the notes accompanying the company's annual results, Delhi-based auditors Lodha & Co said the company has received four show cause notices (SCNs) from the RoC and also one from Sebi in the quarter ended March on corporate governance issues raised by independent directors who...
‘Inflation vanquished’, long-term fundraise faces no constraints
May 22, 2023
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‘Inflation vanquished’, long-term fundraise faces no constraints https://ift.tt/5i69efH the near term, however, the yield movement reflects consensus expectations of slower growth in 2023-24 relative to a year ago. The central bank expects real GDP growth to moderate to 6.5% in 2023-24 from 7% in 2022-2...
Cotton prices take a knock as farmers offload stocks
May 22, 2023
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Cotton prices take a knock as farmers offload stocks https://ift.tt/hZa8fuV daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in Ma...
Odisha to provide free crop insurance to farmers for 3 years
May 22, 2023
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Odisha to provide free crop insurance to farmers for 3 years https://ifttt.com/images/no_image_card.png"The Cooperation Department would bear the premium of the insurance from the 2023 Kharif season to the 2025-26 Rabi season. Odisha is the first state in the country to provide free crop insurance to farmers," Naveen Patnaik sai...
Sunday, May 21, 2023
Borrowing rates for govt, companies to decline following withdrawal of Rs 2000 notes. Here's why
May 21, 2023
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Borrowing rates for govt, companies to decline following withdrawal of Rs 2000 notes. Here's why https://ift.tt/hZa8fuV removal of India's ₹2,000 banknotes from circulation is expected to increase liquidity in the nation's banking system and result in a decline in borrowing rates for government and corporate entities. The Reserve Bank of India said there is...
Fin institutions meeting company managements raises interest in these midcap stocks
May 21, 2023
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Fin institutions meeting company managements raises interest in these midcap stocks https://ift.tt/mRyGv3T meets are considered a soft indicator of their interest in the stocks, and in many cases in the past, institutional holding rose in those stocks post the meeting...
Biden unveils new $375 million U.S. military aid package for Ukraine
May 21, 2023
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Biden unveils new $375 million U.S. military aid package for Ukraine https://ift.tt/sSnQFAM with the Ukrainian leader on the sidelines of the G7 summit of world leaders in Hiroshima, Japan, Biden said the military aid package included ammunition, artillery, armored vehicles and training. "Together with the entire G7, we have Ukraine's back and I promise we're...
Why the stock market keeps rallying, defying doom scenarios
May 21, 2023
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Why the stock market keeps rallying, defying doom scenarios https://ift.tt/28OTHzY persistent bearishness towards equities could be fuelling a market rally in stocks, as investors who bet against the market are forced to unwind their positions. Despite the S&P 500's 17% rally since October, sentiment among money managers remains low, and their cyclical holdings...
ETMarkets Smart Talk: How to trade Zomato shares on Monday after Q4 results
May 21, 2023
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ETMarkets Smart Talk: How to trade Zomato shares on Monday after Q4 results https://ift.tt/qEw0Q7g shares will be watched closely as the foodtech company's losses narrowed in Q4 to Rs 188 crore. The stock's support levels are around Rs 58-55, while resistance lies at Rs 75-80, according to Sumeet Bagadia, executive director of Choice Broking. He adds that short-term...
Six entities under lens for suspicious trading in Adani shares: SC panel
May 21, 2023
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Six entities under lens for suspicious trading in Adani shares: SC panel https://ift.tt/28OTHzY Supreme Court-appointed expert committee investigating Adani Group's shares trading prior to the Hindenburg report's release found no evidence of price manipulation by firms linked to the group. However, the committee has identified six entities, including four FPIs,...
Saturday, May 20, 2023
Will RBI’s Rs 2,000 note withdrawal impact D-Street traders? Here’s expert view
May 20, 2023
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Will RBI’s Rs 2,000 note withdrawal impact D-Street traders? Here’s expert view https://ift.tt/28OTHzY withdrawal of the INR2,000 currency notes is not expected to affect India's economy, according to analysts. The Reserve Bank of India has decided to stop the circulation of the denomination notes by the end of September, but stressed they will still be legally...
How rule-based strategies can help you from FOMO, revenge trading
May 20, 2023
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How rule-based strategies can help you from FOMO, revenge trading https://ift.tt/GKDEk5e trading is a mechanism that enables traders to overcome behavioural biases and emotional inclinations. It involves setting a written set of rules from start to end, which define which stocks to enter, when to enter, how much money to place, and when to exit. Once these rules...
Rs 2000 note withdrawal will not affect common man: Ex-CEA Krishnamurthy Subramanian
May 20, 2023
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Rs 2000 note withdrawal will not affect common man: Ex-CEA Krishnamurthy Subramanian https://ift.tt/VPLjUyO Chief Economic Advisor Krishnamurthy Subramanian believes that the Reserve Bank of India's withdrawal of the Rs 2,000 note "will not affect the common man of the society." The former CEA claims that the cash in circulation of the 2000 notes is only 10%...
Joe Biden says he won't accept 'extreme' Republican demands on US debt
May 20, 2023
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Joe Biden says he won't accept 'extreme' Republican demands on US debt https://ift.tt/JbqswWP the Treasury Department warning that the US government could run out of money as early as June 1 -- triggering massive economic disruption in the world's biggest economy and likely around the globe -- the political battle in Washington has see-sawed without any clear...
Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market
May 20, 2023
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Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market https://ift.tt/Ek8OpWf intelligence (AI) is boosting the US stock market, with megacap stocks such as Microsoft, Google parent Alphabet, Nvidia, Apple and Meta platforms responsible for the majority of the S&P 500's 9% year-to-date return. About 25% to 50% of the gains are...
Investors still pouring into cash, but pace slows: BofA
May 20, 2023
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Investors still pouring into cash, but pace slows: BofA https://ift.tt/MPwrhtd are showing greater confidence in the market, causing them to slow down inflows into cash funds, according to a BofA report. A total of $25.1bn went into cash in the past week, but only $151bn has gone into money market funds in the past four weeks compared to $404bn after the collapse...
Thursday, May 18, 2023
Golden Crossovers: These 4 stocks signal bullishness
May 18, 2023
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Golden Crossovers: These 4 stocks signal bullishness https://ift.tt/IKUA135 Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upsid...
We expect ROA of more than 1% and ROE of over 19% for next financial year: Dinesh Kumar Khara, SBI
May 18, 2023
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We expect ROA of more than 1% and ROE of over 19% for next financial year: Dinesh Kumar Khara, SBI https://ift.tt/8eCDoNW ROA of 0.96 is for the year. If we look at the ROA for this quarter, it would be somewhere around 1.26 or 1.28. And ROE, of course, is 19.68. So, I think for last three quarters, we have been consistently maintaining ROA of more than 1%....
UK to ban Russian diamonds at G7 in fresh round of sanctions
May 18, 2023
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UK to ban Russian diamonds at G7 in fresh round of sanctions https://ift.tt/WKeJvdS is also targeting an additional 86 people and companies from Russian President Vladimir Putin's military industrial complex, in addition those involved in energy, metals and shipping industries. They include those supporting the Kremlin to actively undermine the impact of existing...
Jindal Stainless eyes 20% sales growth from rail projects, higher exports: MD
May 18, 2023
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Jindal Stainless eyes 20% sales growth from rail projects, higher exports: MD https://ift.tt/vQfml1u government's removal of export duty on steel products will also help the company expand sales, said Abhyuday Jindal. The Centre had levied an export duty on most steel products briefly last year in a bid to arrest domestic inflation. The duty, which hurt the...
Wednesday, May 17, 2023
ETMarkets Smart Talk: Policy reforms and infra spending will pick up if Modi govt is back to power in 2024: Rajesh Kumar Jain
May 17, 2023
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ETMarkets Smart Talk: Policy reforms and infra spending will pick up if Modi govt is back to power in 2024: Rajesh Kumar Jain https://ift.tt/kfFKl0L US & Europe which is 42% of the Global GDP and if they would go through a recession in this year as projected by most of analysts, then somewhere the growth across the globe will take a back sea...
AWS to invest $12.7 billion in India till 2030
May 17, 2023
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AWS to invest $12.7 billion in India till 2030 https://ift.tt/N7Kj0dI remains a “bright spot” amid a period of unprecedented global uncertainty, where businesses are increasingly turning conservative, according to CEO Selipsk...
HDB Fin stock surges on clean-up of bad loans
May 17, 2023
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HDB Fin stock surges on clean-up of bad loans https://ifttt.com/images/no_image_card.png"As the lender cleans up its books and brings its stage 3 assets under control, I feel we will see demand for this scrip," said Rahul Thalia, director of Sarffin Financial Advisors. "Already valuations have risen in the past two months, though we are seeing demand for this...
Debt ceiling issue a concern beyond the US, local indices decline further
May 17, 2023
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Debt ceiling issue a concern beyond the US, local indices decline further https://ift.tt/kfFKl0L Sensex ended at 61,560.64, down 371.83 points or 0.6% from the previous close. The Nifty declined 104.75 points or 0.57% to end at 18,181.75. Short covering in the later part of the day helped both the indices recoup some of their losses after falling nearly 1% earlier...
Mood turns risk-off, rupee slips to 82.39
May 17, 2023
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Mood turns risk-off, rupee slips to 82.39 https://ift.tt/WRrfMl3 of more US rate hikes following comments to that effect by members of the Federal Reserve also contributed to mounting robustness in the dollar index, exacerbating the pressure on the rupe...
Exports unlikely to be impacted by EU deforestation law
May 17, 2023
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Exports unlikely to be impacted by EU deforestation law https://ift.tt/kfFKl0L legislation seeks to prohibit products such as palm oil, coffee, cattle, cocoa, rubber, soya, timber, printing paper and derived products in the EU, that came from land that was deforested after December 31, 2020. The rules cover imports and domestic productio...
Monday, May 15, 2023
Woman sues Rudy Giuliani, saying he coerced her into sex, owes her $2 million in unpaid wages
May 15, 2023
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Woman sues Rudy Giuliani, saying he coerced her into sex, owes her $2 million in unpaid wages https://ift.tt/NW5Llkq Dunphy said in the lawsuit that she was Giuliani's business development director and public relations consultant from 2019 to 2021. She initially made her allegations public in January, but she detailed her claims further in a 70-page legal complaint...
US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms
May 15, 2023
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US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms https://ifttt.com/images/no_image_card.png"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early...
Panel may ready new list of public sector banks for privatisation
May 15, 2023
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Panel may ready new list of public sector banks for privatisation https://ift.tt/kdgNho2 may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones. The move comes after state-owned lenders turned profitable and several rounds of consolidation reduced the number of banks. The committee, which may include officials...
Tata Motors back in top gear with improving cash flows and rising sales volume
May 15, 2023
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Tata Motors back in top gear with improving cash flows and rising sales volume https://ift.tt/Zk1stoq Motors' stock rose by nearly 3% after a strong performance in the March 2023 quarter, thanks to the continuing growth in Jaguar Land Rover (JLR) volume, higher revenue visibility in the domestic electric vehicle segment, and reduced debt burden. JLR's EBITDA...
PSU banks raising stakes in interest rate derivatives to diversify risk management
May 15, 2023
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PSU banks raising stakes in interest rate derivatives to diversify risk management https://ift.tt/mlxgrSw establishment of a derivatives trading platform by the Clearing Corporation of India (CCIL) in 2015 has played a large role in bringing hitherto reluctant public sector banks into the trading fold for derivatives. A broad push towards defter management of...
Sunday, May 14, 2023
Nifty crossing 18,400 puts 18,800 in sight: Analysts
May 14, 2023
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Nifty crossing 18,400 puts 18,800 in sight: Analysts https://ift.tt/KjXSP1e throwbacks toward 17,800-17,900 levels could present better re-entry opportunities and improved risk-reward setups. At the same time, only a follow-through above the resistance can take the index toward all-time highs. Bank Nifty is near its lifetime highs and might face psychological...
Rumble in Karnataka brings jitters to Dalal Street
May 14, 2023
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Rumble in Karnataka brings jitters to Dalal Street https://ifttt.com/images/no_image_card.png"Our markets may react negatively and if the markets need an excuse to fall, it will take cues from the Karnataka state polls," said Andrew Holland, CEO of Avendus Capital Alternate Strategie...
Regulating fractional ownership in realty to draw capital
May 14, 2023
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Regulating fractional ownership in realty to draw capital https://ift.tt/mlxgrSw regulation will support in boosting the investors’ confidence and thereby help widen the acceptance to the newly emerging investment asset class. The move is also expected to support realty developers bringing in the much-needed liquidity as they can opt for one more channel to...
Stock traders stay calm about US being on cusp of default
May 14, 2023
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Stock traders stay calm about US being on cusp of default https://ift.tt/noDLhqA no mistake, the risk is real. Treasury Secretary Janet Yellen said Friday that the US will "have to default on some obligation" if Congress doesn't raise debt limit. It's just equity investors don't seem to car...
India a priority market in Asia for Mubadala: Khaled Abdulla Al Qubaisi
May 14, 2023
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India a priority market in Asia for Mubadala: Khaled Abdulla Al Qubaisi https://ift.tt/SEdFH0y the total Investments by Mubadala till date, Real Estate and Infrastructure Investments portfolio stands at $1.6 billion. This includes a $1.2 billion investment in Jio Platforms and investments in Tata Power Renewables and Cube Highways' infrastructure investment...
How Sebi's new rules can impact the future of discount broking in India
May 14, 2023
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How Sebi's new rules can impact the future of discount broking in India https://ift.tt/m3AJrRl stockbroking industry is shifting towards online trading platforms and discount brokers thanks to lower costs. Despite the disruption of traditional brokers by discount brokers, the former still offer comprehensive services, including trading in stocks, commodities,...
Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others
May 14, 2023
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Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others https://ift.tt/nqwXNB1 Indian companies, such as Indian Oil, SBI, Bharti Airtel, and ITC, are set to announce their fourth-quarter results this week. The investor community is keenly waiting for these numbers amid mixed quarterly results from IT firms but strong numbers from banking...
Berry Orange Soda
May 14, 2023
0
Craving for a refreshing drink to beat the summer heat? Then here’s an easy peasy drink, which can be made in just a few minutes at the comfort of your home. So, follow us through some simple steps and enjoy this thirst quenching drink.
INGREDIENTS
2cuporange juice
500mlsprite
0lemon slices as required
0mint leaves as required
1teaspoonsugar
1cupstrawberry
How...
HDFC Bank among 8 private bank stocks that reported lowest NPAs in Q4
May 14, 2023
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HDFC Bank among 8 private bank stocks that reported lowest NPAs in Q4 https://ifttt.com/images/no_image_card.pngA non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 day...
Saturday, May 13, 2023
Summer crop area marginally down YoY
May 13, 2023
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Summer crop area marginally down YoY https://ift.tt/JI70oNm sowing area under pulses and coarse cereals is higher year-on-year, while the acreage of rice and oilseeds is lower.About 19.61 lakh ha area coverage has been reported under pulses compared with 18.44 lakh ha last year. They are mainly in Madhya Pradesh, Bihar, Tamil Nadu, Uttar Pradesh, West Bengal...
How Sebi's new rules can impact the future of discount broking in India
May 13, 2023
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How Sebi's new rules can impact the future of discount broking in India https://ift.tt/m3AJrRl stockbroking industry is shifting towards online trading platforms and discount brokers thanks to lower costs. Despite the disruption of traditional brokers by discount brokers, the former still offer comprehensive services, including trading in stocks, commodities,...
DMart Q4 Results: Net profit rises 8% YoY to Rs 505 crore; misses estimates
May 13, 2023
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DMart Q4 Results: Net profit rises 8% YoY to Rs 505 crore; misses estimates https://ift.tt/QmgAro4 Supermarts, the company that operates the DMart chain of stores, posted a 21.11% YoY jump in revenue to Rs 10,337.12 crore. DMart's margins declined, said CEO and MD Neville Noronha. "Lower consumer spending in general merchandise and apparel continues and has...
Adani Enterprises, Transmission to raise funds totalling Rs 21,000 crore via QIP
May 13, 2023
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Adani Enterprises, Transmission to raise funds totalling Rs 21,000 crore via QIP https://ift.tt/1eCjGW3 Enterprises is set to raise Rs 12,500 crore and Adani Transmission plans to raise Rs 8,500 crore. This fundraising is expected to boost investor confidence and help the Group service its debt. The fundraising, however, comes as the group is in the middle of...
Learn With ETMarkets: Demystifying ‘option writing’ & ‘option buying’
May 13, 2023
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Learn With ETMarkets: Demystifying ‘option writing’ & ‘option buying’ https://ift.tt/13oAPkC selling provides limited profit while option buying provides unlimited profit. Moreover, option buying has limited loss while option selling has unlimited loss. Option buying needs less capital, whereas option writing needs more capital. As for the reason why people...
Friday, May 12, 2023
India’s forex reserves surge to a 11-month high of $595.9
May 12, 2023
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India’s forex reserves surge to a 11-month high of $595.9 https://ift.tt/iKA2ESt said the Reserve Bank of India had taken the opportunity to build up its reserves amid weakness in the US dollar, which had eased pressure on emerging market currencies such as the rupee. The central bank intervenes in the foreign exchange market to rein in excessive volatility...
Byju's raises debt of Rs2K cr linked to Future Aakash IPO
May 12, 2023
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Byju's raises debt of Rs2K cr linked to Future Aakash IPO https://ift.tt/rZIvQ0j has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash's planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the compan...
Thursday, May 11, 2023
Stocks to buy today: 8 short-term trading ideas by experts
May 11, 2023
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Stocks to buy today: 8 short-term trading ideas by experts https://ift.tt/dt3Oiu6 Indian stock markets are poised to consolidate due to muted market sentiments globally. The Nifty50 and the S&P BSE Sensex did not show positive trends on the previous day. The India VIX has been increasing during the last four sessions, leading to fluctuations in the market....
Big Movers on D-St: What should investors do with Ratnamani Metal, Dr Reddy’s Laboratories and FSL?
May 11, 2023
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Big Movers on D-St: What should investors do with Ratnamani Metal, Dr Reddy’s Laboratories and FSL? https://ift.tt/dt3Oiu6 S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying....
29 Palestinians killed, one fatality in Israel as violence escalates
May 11, 2023
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29 Palestinians killed, one fatality in Israel as violence escalates https://ift.tt/lW1DIjq strikes by the Israeli army since Tuesday have killed fighters as well as civilians, including several children, said officials in the crowded coastal territory. Rocket fire from the Gaza Strip killed one person in the central Israeli city of Rehovot and injured at least...
Street positive on L&T, expects 25-30% upside
May 11, 2023
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Street positive on L&T, expects 25-30% upside https://ift.tt/bKGMjND and CLSA remain most optimistic and advised their clients to 'buy' L&T shares. Both brokerages see upside potential in the range of 25-30% from the current level...
Analysts fret about DRL's prospects, slash targets
May 11, 2023
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Analysts fret about DRL's prospects, slash targets https://ift.tt/dt3Oiu6 Hyderabad-based pharma major was the biggest loser on the bourses with trading volume rising nearly 10 times after a majority of the analysts slashed their price targets. The stock made an intraday low of ₹4,524.05 apiece in Thursday's trading before closing at ₹4,532, down 6.9...
Wednesday, May 10, 2023
Golden Crossovers: IndiGo among 3 stocks signalling further bullishness
May 10, 2023
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Golden Crossovers: IndiGo among 3 stocks signalling further bullishness https://ift.tt/haqgK0D the NSE list of stocks, three stocks with a market cap of over Rs 250 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average...
Stocks to buy today: Ambuja Cements, IndusInd Bank among 9 short-term trading ideas
May 10, 2023
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Stocks to buy today: Ambuja Cements, IndusInd Bank among 9 short-term trading ideas https://ift.tt/NEbQxk7 stock market is expected to trade positively on Thursday, supported by global markets. The benchmark indices, Sensex and Nifty50, gained on Wednesday with increased volatility. This week's maximum Call OI is at 18500 and the maximum Put OI is at 18200,...
ETMarkets Fund Manager Talk: Wait for global economic risks to wane before making lumpsum equity investment: Bandhan AMC
May 10, 2023
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ETMarkets Fund Manager Talk: Wait for global economic risks to wane before making lumpsum equity investment: Bandhan AMC https://ift.tt/AaRIM8y some stability in the markets has emerged since last month, uncertainties on the global front prevails. Therefore, Bandhan AMC’s Sumit Agrawal recommends continuing with staggered investment...
Unique retail investor participation dips to 24-month low
May 10, 2023
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Unique retail investor participation dips to 24-month low https://ift.tt/haqgK0D April, 67 lakh unique retail investors participated in the cash market on the NSE out of the total demat account base of 11.61 crore. This represents about 5.8% of the total demat accounts in the country. Unique retail investor participation is calculated on the basis of the PAN...
Ola’s valuation slashed 35% to $4.8 billion by US investor Vanguard
May 10, 2023
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Ola’s valuation slashed 35% to $4.8 billion by US investor Vanguard https://ift.tt/DG6jfVJ development comes on the back of Ola exiting verticals like food and grocery delivery and second-hand car sales, to focus on its mainstay ride-hailing busines...
JSW Infrastructure files papers for Rs 2,800-cr IPO
May 10, 2023
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JSW Infrastructure files papers for Rs 2,800-cr IPO https://ift.tt/DG6jfVJ ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issu...
Tuesday, May 9, 2023
India's inflation likely hit 18-month low in April: Poll
May 09, 2023
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India's inflation likely hit 18-month low in April: Poll https://ift.tt/HGOqxV0 as measured by the annual change in the consumer price index (CPI), was forecast to have fallen to 4.80% in April from 5.66% in March, according to the median view from the May 8-9 Reuters poll of 53 economist...
Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles
May 09, 2023
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Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles https://ift.tt/Lj4RmZt prices fell in early trade after industry data revealed an unexpected increase in US crude inventory. Brent crude was down 16 cents to $77.28 a barrel, and US West Texas Intermediate dipped 20 cents to $73.5...
FPIs rush to India for a stake in expected 6% growth
May 09, 2023
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FPIs rush to India for a stake in expected 6% growth https://ifttt.com/images/no_image_card.pngThe strong inflows more than made up for the $4.1 billion outflow in the first two months of 2023, eking out a $404 million net inflow for the calendar year so fa...
Brokers call For Sebi intervention to avert a freeze on bank accounts
May 09, 2023
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Brokers call For Sebi intervention to avert a freeze on bank accounts https://ift.tt/j60Jy8f the last four months, at least six members have faced the issue of a freeze on their client bank accounts, according to ANMI. The settlement process of a large mutual fund was also stalled recently after a client filed a complaint against a broker with the Mumbai po...
Improving forex reserve ratios point to lower volatility for rupee
May 09, 2023
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Improving forex reserve ratios point to lower volatility for rupee https://ift.tt/x98dYnu ratio of volatile capital flows to reserves has declined to 72.7% at the end of December 2022 from 75.5% at the end of September, the Reserve Bank of India (RBI) said on Monday in its half-yearly report on management of foreign exchange reserves. The RBI's reserves were...
Monday, May 8, 2023
Local indices rebound on global cues
May 08, 2023
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Local indices rebound on global cues https://ift.tt/2H6QhoZ Sensex advanced 709.96 points, or 1.16%, to close at 61,764 -a day after banking stocks took a beating following a selloff in HDFC twins. The Nifty gained 195.40 points, or 1.08%, to settle at 18,26...
Meta may end Facebook, Instagram news content in Canada
May 08, 2023
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Meta may end Facebook, Instagram news content in Canada https://ift.tt/7dJKXLt Platforms has threatened to end news content on Facebook and Instagram in Canada if lawmakers pass the proposed Online News Act, which would require social networking companies to pay media publishers to feature their work. Meta's President of Global Affairs, Nick Clegg, called the...
MRF misses the 1 lakh mark by just Rs 67 despite hitting 52-week high
May 08, 2023
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MRF misses the 1 lakh mark by just Rs 67 despite hitting 52-week high https://ift.tt/Oh9WkU2 shares reached a 52-week peak of INR99,933.50 ($1,356) before closing at INR97,750 ($1,324), falling short of the coveted INR100,000 mark by INR66.50 ($0.90). Over the last three trading sessions, the stock saw almost 11% growth and gains of over INR10,000 per share....
At multi-year highs: TVS Motor, MRF among 7 stocks that gave 5-year breakouts
May 08, 2023
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At multi-year highs: TVS Motor, MRF among 7 stocks that gave 5-year breakouts https://ift.tt/XgjEeBK the NSE list of stocks with a market cap of over Rs 10,000 crore, seven stocks crossed their previous five-year high value at the close on May 05, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a loo...
Sunday, May 7, 2023
Paytm can turn out to be an outperformer in the near future: Dipan Mehta
May 07, 2023
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Paytm can turn out to be an outperformer in the near future: Dipan Mehta https://ift.tt/gPTIEoy, by and large, there have been no such events and the company is earning very good return on the money which they have lent to group companies. But I would say that if you are invested in Britannia, remain investe...
ETMarkets Fund Manager Talk: Fixed income should be seen as part of core asset allocation by investors: Invesco MF
May 07, 2023
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ETMarkets Fund Manager Talk: Fixed income should be seen as part of core asset allocation by investors: Invesco MF https://ift.tt/fqIZuHT RBI has decided to pause even when the inflation was trending above 6%, we expect the bar for any further rate hikes is much higher now as the inflation for FY24 is expected to moderate and remain within the upper thresho...
Sajjan Jindal group planning JSW Paints stake sale to private equity funds
May 07, 2023
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Sajjan Jindal group planning JSW Paints stake sale to private equity funds https://ift.tt/6sMjxmE Group, which internally values the family-held paints business at around $2 billion, has engaged Axis Capital as an advisor for the transaction and has begun preliminary rounds of discussions with several bulge-bracket global private equity funds, they sai...
China's gold splurge reaches sixth month
May 07, 2023
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China's gold splurge reaches sixth month https://ift.tt/oYu0q2T voracious appetite for gold has helped prices scale near-record highs as markets fret over a slowing US economy and signs of persistent credit stress. Geopolitical risks stemming from increasingly fragile Sino-American relations are also boosting the safe-haven appeal of bullio...
Stock traders hunt for winners in Asia as Fed’s policy turns
May 07, 2023
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Stock traders hunt for winners in Asia as Fed’s policy turns https://ift.tt/Dtg0j1l stock pickers are navigating a difficult environment as a slowdown in the US could trigger a recession. Value is being sought in the tech service and consumer discretionary sectors due to regional demand, while South Korea and Taiwan are viewed as more vulnerable to a US downturn....
Missed Q4 earnings this week? Here's a snapshot
May 07, 2023
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Missed Q4 earnings this week? Here's a snapshot https://ifttt.com/images/no_image_card.pngFrom Tata Steel to HDFC, a host of index heavyweight companies have reported fourth-quarter earnings this week. If you have missed tracking the numbers, here is a quick snapsh...
Saturday, May 6, 2023
7 sectors this Tata MF fund manager is ready to bet on in this market
May 06, 2023
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7 sectors this Tata MF fund manager is ready to bet on in this market https://ift.tt/mM8BQqN businesses are continuing to perform well, especially in sectors such as banks, auto, telecom, capital goods and industrials, according to Chandraprakash Padiyar, Senior Fund Manager at Tata Mutual Fund. While there are pockets of lower growth or profit margin impact,...
Muthoot Microfin Q4 net profit nearly doubles to Rs 102 crore
May 06, 2023
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Muthoot Microfin Q4 net profit nearly doubles to Rs 102 crore https://ift.tt/oYu0q2T asset quality of the lender improved in line with the sectoral trend with its gross non-performing assets ratio falling to 2.9% at the end of the year from 6.3% a year back. It wrote-off bad loans to the tune of Rs 188 cror...
Friday, May 5, 2023
Short term trend is still positive after Friday’s selloff as long as Nifty50 stays above 18000: Rupak De
May 05, 2023
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Short term trend is still positive after Friday’s selloff as long as Nifty50 stays above 18000: Rupak De https://ift.tt/Wgjok5r benchmark Nifty index ended the week with losses, erasing most of its gains, due to bears returning to the market. A profit-booking scenario around 18,200 led to Friday's fall and took the Nifty back to the previous week's close. However,...
Midcaps with long term perspective; 4 stocks with high ROE & net profit margin
May 05, 2023
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Midcaps with long term perspective; 4 stocks with high ROE & net profit margin https://ift.tt/voiPguj high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses which require a constant dose of capital like banks, there are some which may require a higher amount of capital but that would be a one...
Adani Power’s Q4 net profit rises 12.9%
May 05, 2023
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Adani Power’s Q4 net profit rises 12.9% https://ift.tt/Wgjok5r consolidated total revenue for the fourth quarter was Rs 10,795 crore as compared to Rs 13,308 crore in the corresponding previous quarte...
What India can learn from EU's crypto regulations
May 05, 2023
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What India can learn from EU's crypto regulations https://ift.tt/Wgjok5r European Parliament's approval of the Markets in Crypto-Assets Regulation (MiCA) is a significant milestone in regulating crypto-assets in the European Union. The regulation introduces a tailored license for crypto-asset services and stablecoin issuers that can be used across all 27 EU...
Forex reserves surge to 10-month high of $588.7 billion
May 05, 2023
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Forex reserves surge to 10-month high of $588.7 billion https://ift.tt/Kdp5w84 rise in the reserves last week was driven by an increase in the RBI's foreign currency assets, which rose $5 billion to $519.4 billion, latest data showed. The central bank's gold reserves declined by $494 million to $45.6 billion last wee...
Thursday, May 4, 2023
We should aim to increase number of unique investors to ten-fold in next decade: Navneet Munot
May 04, 2023
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We should aim to increase number of unique investors to ten-fold in next decade: Navneet Munot https://ift.tt/Kdp5w84 success of the mutual fund industry in India is attributed to its track record, transparency, technology, and campaigns like Mutual Fund Sahi Hai. The total SIPs have doubled from Rs. 7,000 crore to Rs. 14,000 crore in the past five years, and...
ETMarkets Fund Manager Talk: Stock/sector selection key for outperformance in volatile 2023: Asit Bhandarkar, JM Financial AMC
May 04, 2023
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ETMarkets Fund Manager Talk: Stock/sector selection key for outperformance in volatile 2023: Asit Bhandarkar, JM Financial AMC https://ift.tt/Kdp5w84 market has been undergoing a time correction over the last 18 months following the deterioration of global macros due to rising interest rates, high inflation, slowing growth and volatile geopolitic...
Apple iPhone sales inch up, bolstering results amid shaky economy
May 04, 2023
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Apple iPhone sales inch up, bolstering results amid shaky economy https://ift.tt/sS7cqi1 Q2 2023 results have surpassed expectations thanks to better-than-anticipated iPhone sales and positive performance in India and other emerging markets. Despite global economic slowing, the tech company's revenue and earnings exceeded Wall Street's expectations, and even...
Adani Enterprises Q4 profit surges 138%
May 04, 2023
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Adani Enterprises Q4 profit surges 138% https://ift.tt/Kdp5w84 company, which acts as an incubator for new businesses for the ports-to-cooking-oil conglomerate, reported a consolidated net profit of ₹722 crore for the January-March quarter, up 138% compared with ₹304 crore a year earlie...
Taxman has a 'benami' key to exhume deals assumed long done and dusted
May 04, 2023
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Taxman has a 'benami' key to exhume deals assumed long done and dusted https://ift.tt/VthAJbR tax officials, looking into suspected benami deals, are pressing wealthy individuals about transactions that occurred long before the Benami Transactions (Prohibition) Amendment Act came into force in November 2016. Ironically, even though India's Supreme Court ruled...
Wednesday, May 3, 2023
Positive Breakout: Havells India among 6 stocks that crossed their 200 DMAs
May 03, 2023
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Positive Breakout: Havells India among 6 stocks that crossed their 200 DMAs https://ift.tt/xZYEi57 the Nifty500 pack, six stocks' prices crossed above their 200 DMAs (Daily Moving Averages) on May 3, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock....
Big Movers on D-St: What should investors do with InterGlobe Aviation, BHEL and Apar Industries?
May 03, 2023
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Big Movers on D-St: What should investors do with InterGlobe Aviation, BHEL and Apar Industries? https://ift.tt/kUF0den Indian markets closed in the negative zone on Wednesday in line with weak international cues. The S&P BSE Sensex ended the day down by more than 100 points, while Nifty50 maintained the level of 18,000 points. The telecom, IT, oil &...
Asian shares nervous about Fed pivot and banking sector
May 03, 2023
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Asian shares nervous about Fed pivot and banking sector https://ift.tt/41i3zHa Bancorp reported financial difficulties, reminding investors of the precarious health of US regional banks. Although the Fed raised interest rates, stock markets suffered and the yen rose as investors factored in a likely pivot rather than an end to rate rises. The Fed's rate increase...
Three Go First lenders open to rejigging airline's debt
May 03, 2023
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Three Go First lenders open to rejigging airline's debt https://ift.tt/kUF0den restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts. The lenders have previously refrained from providing new loans, partly due to Go First's losses and difficulties with bankrupt airlines,...
US Fed meet outcome today: Will Powell open gates for Nifty bulls?
May 03, 2023
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US Fed meet outcome today: Will Powell open gates for Nifty bulls? https://ift.tt/hkrj0ds US Federal Reserve is expected to raise interest rates for the third consecutive time later today, with traders predicting a 84% chance of a 0.25% rate hike. The increase would take the Fed’s target range to 5.00-5.25%, although inflation is still far from the 2% target....
No fly list: 7 Indian airlines that failed before Go First
May 03, 2023
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No fly list: 7 Indian airlines that failed before Go First https://ift.tt/OU89V0Q group-owned Go First on Tuesday filed an application for voluntary insolvency resolution proceedings before the NCL...
Tuesday, May 2, 2023
Hot Stocks: Brokerage view on Indigo, ACC, Ambuja Cements, Cyient and Ramkrishna Forging
May 02, 2023
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Hot Stocks: Brokerage view on Indigo, ACC, Ambuja Cements, Cyient and Ramkrishna Forging https://ift.tt/PQuj2GW Suisse has given an outperform rating for InterGlobe Aviation, with a target of Rs 2450, based on "GoFirst filing for bankruptcy can benefit Indigo in many ways". On the other hand, JPMorgan maintains a neutral rating on ACC and Ambuja Cements and...
Stocks to buy today: Axis Bank, Biocon among top 6 short-term trading ideas for 3 May 2023
May 02, 2023
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Stocks to buy today: Axis Bank, Biocon among top 6 short-term trading ideas for 3 May 2023 https://ift.tt/wg3hLEM Wednesday, Indian markets are predicted to consolidate, following subdued global cues. The S&P BSE Sensex grew beyond 200 points on Tuesday, while the Nifty50 reached levels above 18100. Option data suggests a trading range from 17700 to 18500...
Money market volumes surge 35% in FY23 on strong credit demand
May 02, 2023
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Money market volumes surge 35% in FY23 on strong credit demand https://ifttt.com/images/no_image_card.png"In FY22, for the larger part of the year, the economy was struggling with Covid. In FY23, we saw a significant improvement in the operating environment and the requirement of working capital, which went up significantly due to high commodity prices," said...
India clears air on chip, ship schemes
May 02, 2023
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India clears air on chip, ship schemes https://ift.tt/DtzErbA the US has sought details on the types of financial assistance provided under the semiconductor programme and criteria for each downstream good to qualify for the incentive, Canada has asked if the support provided under the shipyards policy is limited to certain sizes or types of ship...
Monday, May 1, 2023
Stocks to buy today: ITC, Bharti Airtel among top 7 trading ideas for 2 May 2023
May 01, 2023
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Stocks to buy today: ITC, Bharti Airtel among top 7 trading ideas for 2 May 2023 https://ift.tt/FQesAMo Indian market is expected to show mixed cues on Tuesday, following global markets. Although the BSE index rose over 400 points last week and the India VIX fell by 4.14%, options data suggest a broader trading range between 17,500 and 18,500 zones and an immediate...
Big Movers on D-St: What should investors do with Syngene International, REC and EIH?
May 01, 2023
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Big Movers on D-St: What should investors do with Syngene International, REC and EIH? https://ift.tt/ZMI1SPv, buying was seen in telecom, capital goods, utilities, public sector and power stocks while selling was seen in consumer durables. Stocks that were in focus include names like Syngene International which rose more than 4%, EIH rallied nearly 10% and REC...
Why First Republic failed. Are other banks to follow?
May 01, 2023
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Why First Republic failed. Are other banks to follow? https://ift.tt/UYT8CJo Republic Bank, the second regional bank with assets over $200bn to fail in a few weeks after Silicon Valley Bank, was seized by the government. First Republic was also catering to a wealthy clientele that helped it grow deposits, but this may have also contributed to its undoing. The...
Brookfield buys 51% stake realty JV with Bharti Enterprises
May 01, 2023
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Brookfield buys 51% stake realty JV with Bharti Enterprises https://ift.tt/7z02TQS Asset Management has bought a 51% controlling stake in Rostrum Realty, which holds four upscale commercial properties in the Delhi-NCR region, including Worldmark Aerocity in Delhi and Airtel Center in Gurugram, India. Bharti Enterprises will retain the remaining 49%. Brookfield...
First Republic collapse sparks sector-wide regional bank shares sell-off
May 01, 2023
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First Republic collapse sparks sector-wide regional bank shares sell-off https://ift.tt/FQesAMo collapse of First Republic Bank, the third major casualty of the US banking sector since 2008, has led to the fall of shares of regional lenders. The KBW Regional Banking Index was down nearly 1...
Shoonya pays compensation totalling Rs 3 crore to traders after tech glitch
May 01, 2023
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Shoonya pays compensation totalling Rs 3 crore to traders after tech glitch https://ift.tt/8tygDud, the zero broking platform, has compensated customers with Rs 3 crore ($402,000) following a technical glitch which occurred on April 13th. The error, which affected traders between 9.15am and 9.30am, left hundreds out of pocket. The glitch impacted a specific...
New Sebi rule from today: A ban that’s a boon in many ways
May 01, 2023
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New Sebi rule from today: A ban that’s a boon in many ways https://ift.tt/vuqwM7F move of SEBI further increases the working capital requirement of stock brokers. This will only affect brokers who have the practice of pledging clients' funds to create BG for their own use and increase the leverage and risk exposure of clients. For brokers who have already fallen...
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