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Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits https://ift.tt/eVyHxa1 banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.

Government prohibits import of cigarette lighters under Rs 20 https://ifttt.com/images/no_image_card.png"The import policy of cigarette lighters...is revised from 'free' to 'prohibited'. However, import shall be free if CIF value is Rs 20 or above per lighter," the directorate general of foreign trade (DGFT) said in a notification. CIF value (cost, insurance, and freight) is a trade term used in international commerce to determine the total value of goods being imported.

SEBI's new norms promote transparency, accountability and investor confidence https://ift.tt/E3vfbGL has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced the timeline for listing shares in public issues from T+6 days to T+3 days to expedite the listing process. Additionally, foreign portfolio investors will have to meet additional disclosure requirements to prevent violations of minimum public shareholding norms.

4 Bajaj stocks to trade ex-dividend on Friday. Do you own any? https://ift.tt/ynoAVBO ex-dividend date for stocks is usually set one business day before the record date.

Sri Lanka unveils domestic debt restructuring plan, asks foreign investors for a 30% haircut https://ift.tt/ynoAVBO island nation is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday.

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal', focus on curbing tax evasion https://ift.tt/DrXWZKP Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).

Canara Bank, Equitas SFB among 9 banks that saw decrease in NPAs https://ift.tt/Ie9tCpA RBI noted in the latest edition of its Financial Stability Report released on Wednesday, scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9% in March 2023. Here's a list of 9 banks that saw a decrease in NPA in Q4FY23, as per Trendlyne data.

Personal use of family office money may be discouraged https://ift.tt/FisIujx in western countries, the concept of 'family office' - serving the wealth management needs of a family - was recognised a year ago by the GIFT City regulator International Financial Services Centres Authority (IFSCA) when it came out with the 'family investment fund' (FIF) regulations.

Sebi to strengthen investor grievance handling mechanism https://ift.tt/y3NEJLv has decided to revamp its complaint redressal system in order to strengthen the investor grievance handling mechanism. Measures include linking the Sebi Complaint Redress System with the Online Dispute Resolution Mechanism and reducing timelines. Additionally, the board has approved amendments to regulations pertaining to Non-Convertible Debt Securities (NCDs), which will come into effect from January 1, 2024. Sebi hopes these measures will improve transparency and boost the corporate bond market.

Breakout Stocks: How are Tata Motors, BLS International and JBM Auto looking on charts for Friday? https://ift.tt/dpWB46M Indian market soared to a new all-time high, with the S&P BSE Sensex surpassing 64,000 and the Nifty50 reaching 19,011. Sectors such as capital goods, power, healthcare, auto, and oil & gas witnessed buying activity. Stocks like Tata Motors, BLS International, and JBM Auto gained significantly, hitting fresh 52-week highs. Analysts suggest that while Tata Motors may have experienced a base breakout, better opportunities may be found elsewhere due to the absence of significant earnings growth triggers.

Big Movers on D-Street: What should investors do with AB Capital, Sapphire Foods and HDFC Bank? https://ift.tt/f3wv1gl benchmarks rebounded on Tuesday, with HDFC twins leading the rally. The BSE Sensex surged 446 points to close at 63,416, while the Nifty gained 126 points to reach 18,817. AB Capital, Sapphire Foods, and HDFC Bank were in focus, with recommendations from Viral Chheda of SSJ Finance & Securities. Chheda advises buying AB Capital, stating that the stock is moving above major averages and the Stochastics Oscillator is in an upward trend. He also suggests buying Sapphire Foods and HDFC Bank, citing positive price movements, increasing volumes, and upward trends in the Stochastics Oscillator.

Union Bank puts Visa Steel's debt on sale at lower price https://ift.tt/rxCtE68 bank has set the reserve price at ₹143 crore, which is lower than the previous quarter's price of ₹160 crore. Additionally, debts of six other companies with total outstanding of ₹300 crore, including exposures to Asian Colour Coated Ispat Limited (ACCIL) and SDB Developers, are also up for sale.

Tata Technologies, Gandhar Oil, SBFC Fin get IPO nod https://ift.tt/rxCtE68 three companies, which filed their preliminary papers with Sebi between December 2022 and March 2023, obtained the regulator's observations during June 21-23.

Radios, tape recorders, 2-in-1s remain on CPI playlist https://ift.tt/oHJKmnD the January-May period, prices of radios, tape recorders and 2-in-1s were up 9.4% from the year earlier. In the case of VCR, VCD and DVD players, inflation was 12.6% in the first five months of the year.

RBI in talks with leading global peers to promote digital rupee payments https://ift.tt/12ipZnK months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee.

Not aware of any subpoena to US investors, regulatory checks a routine: Adani Group https://ift.tt/xGiyHzw Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices. The group added that its disclosures were public record, and that regulators frequently sought access to such material

Rouble pares losses after slumping to 15-month low https://ift.tt/s7IH2YV led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov-on-Don overnight on Saturday under a deal that halted their rapid advance on Moscow but left questions about President Vladimir Putin's grip on power. Monday's initial drop came as demand for foreign currency shot up over the weekend, when Russian banks had offered exchange rates well above the official rate beyond 90 to the dollar.

Buy these metal stocks for up to 60% upside in the next 6-12 months https://ifttt.com/images/no_image_card.png​​"We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks," said SBI Securities in a note on Friday.

Investors go long, delivery percentage rises https://ift.tt/uyzskET trend of rising delivery percentage has continued for the current month, too. The 20-month average rolling delivery on the stock exchange rose to a 66-month high of 43.58% as of June 20, according to Bloomberg data.

Tomato prices double due to heat, delayed rainfall https://ift.tt/uyzskET output nosedived due to multiple factors such as high heat, delayed rainfall and lack of interest among farmers to grow the crop as prices had crashed to ₹3-5 per kg in May. Ashok Ganor, a tomato trader from Azadpur wholesale market in Delhi, said, "Tomato prices have doubled in the last two days. Supply of tomatoes from neighbouring states like Haryana and Uttar Pradesh has reduced. We are now getting tomatoes from Bangalore."

ETMarkets Trade Talk: Jaipur derivative trader strikes gold using simple IV formula https://ift.tt/nmZYkSL I believe in knowledge that comes from dedication to be a successful trader. Many people or we can say influencers, are influencing people by showing them screen recordings of their profit on YouTube and their lifestyle too. But as an instructor, I do not want to influence people to make impulsive decisions based on my P&L and my lifestyle, says Arun Singh Tanwar, a full-time trader with an 8-figure portfolio

Preserving investments via ESG-driven stocks/funds. Is there a lesson from 2008 financial crisis? https://ift.tt/miGwXnz is an increased demand for sustainable and ethically sourced products/services. Consumers are progressively making investment decisions based on ESG concerns. Companies that are prioritizing sustainability, social impact, and ethical practices are more likely to attract customers as well as acquire a competitive edge, writes Marc Despallieres, Chief Strategy & Trading Officer at Vantage

Gold outlook remains weak for the coming week; resistance seen at $1950-1980 region https://ift.tt/VpB0JfE closed the week with a nearly 2% loss as investors were concerned about the UK's elevated inflation, which is likely to prompt a more aggressive rate hike by the Bank of England amid slowing growth. The Euro-zone manufacturing PMI data fell to a three-year low due to high borrowing costs, while Germany's manufacturing PMI came in worse than expected. Although the US PMI data was somewhat better than its European counterparts, US yields fell on recession fears, thereby helping gold recover from its cyclical low. In the near term, the outlook for gold remains weak, though yields could be the main driver in the very short term.

Cost overruns declined further in May to 19.86% https://ift.tt/8qQ3Uph anticipated costs of 1,681 projects were Rs 4.8 lakh crore, higher than the original cost of Rs 24.2 lakh crore. Nearly half of the infrastructure projects worth Rs 150 crore and more monitored by the ministry were delayed with respect to the original schedule, of which another 607 were delayed with respect to the latest schedule as well.

Wagner forces in Russia's Lipetsk region south of Moscow: governor https://ift.tt/hK7qOI3 mercenaries have occupied an army HQ in the southern city of Rostov-on-Don and were reportedly in the Voronezh region. But the Lipetsk region is so far the closest location to Moscow where Wagner columns have been spotted.

Pakistan reviews FY2024 budget as last ditch effort to clinch IMF deal https://ift.tt/8qQ3Uph review came a day after Prime Minister Shehbaz Sharif met with IMF Managing Director Kristalina Georgieva on the sidelines of the Global Financing Summit in Paris.

Rate-setting panel member asks RBI to talk clearly for greater good https://ift.tt/vGYdK9j Rama Varma, a member of the Reserve Bank of India’s monetary policy committee, has criticised the bank's lack of transparency and its confusing stance on policy. Varma has called for the committee to be transparent with the public about its intentions in a clear manner. He claims the bank is still using coded language instead of plain, transparent language. The committee has stated it plans to monitor its "withdrawing from its pandemic period accommodation" approach in the face of posed inflationary risks from the weather and geopolitical disruptions.

Learn With ETMarkets: What are leveraged buyouts? Why is it relatively unknown in India? https://ift.tt/tVl1eaI leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.

Top execs of PTC India Finance responsible for governance lapses: Sebi https://ift.tt/8qQ3Uph Securities and Exchange Board of India (SEBI) has found PTC India Financial Services' top officials, Rajib Mishra and Pawan Singh, responsible for corporate governance lapses in its investigation. The company's directors had resigned previously citing serious governance lapses and accusing the chairman and CEO of running the company affairs single-handedly.

Israel detects 1st monkeypox case in 2023 https://ift.tt/QaxPYeB man in his 50s who travelled from Portugal to Israel contracted the disease despite being vaccinated against the virus, the Ministry noted on Thursday.

ACME Solar in talks to raise debt of Rs 4,000 cr https://ift.tt/wrHZXN3 to two sources familiar with the matter, the discussions have reached an advanced stage, and the loan is expected to be sanctioned soon.

Insufficient rainfall in many parts of India could hit kharif crop sowing https://ift.tt/1dQON6k per IMD, 47% of the 716 districts from where the weather office gets its data recorded a 'large deficiency' of rainfall till June 22 while another 19% posted a 'deficiency'.

US, India agree to end six WTO disputes, lift some tariffs https://ift.tt/FCRcXxb also "agreed to remove retaliatory tariffs" on certain US products such as chickpeas, lentils and almonds, the US Trade Representative's (USTR) office added in a statement. The USTR announcement came during a visit of Indian Prime Minister Narendra Modi to the United States, and both nations have also reached major deals on engines for fighter jets, semiconductor investment and space cooperation.

Higher rates needed to curb inflation: Powell https://ift.tt/EgZPYyo may make sense to continue moving rates higher in the coming months, but at a more moderate pace, Powell said in response to lawmakers' questions about the Fed's plans. The timing of additional hikes will be based on incoming data, he said in his opening statement.

Sebi restricts 135 from accessing market over stock manipulation https://ift.tt/e4naV7r five companies referenced in the order are Mauria Udyog Ltd., 7NR Retail Ltd., Darjeeling Ropeway Company Ltd., GBL Industries Ltd. and Vishal Fabrics Ltd.

India Firm on data & patent red lines in trade pacts with UK, EU https://ift.tt/c12u4Mq is firm on its red lines on cross-border data flows as there is no ecommerce policy at present, while any commitments on data exclusivity and patent extensions would impact the manufacturing and distribution of generic medicines, officials said.

War never an option for India, Pakistan; should solve issues through dialogue: Imran Khan https://ifttt.com/images/no_image_card.png"The thing is, like two civilized countries. We should solve our issues through dialogue. And if we can't solve them through dialogue, we just keep talking. But war is never an option," the PTI chief said during an interview with Atlantic Council's Wajahat S. Khan.

These 6 auto stocks touch new 52-week high, do you own any? https://ift.tt/u1lFWxf

IIFL Securities shares drop 16% after Sebi ban https://ift.tt/oQqpR0E an exchange filing, IIFL Securities said the order will not affect the company's existing business with the existing clients and it will appeal against the regulator's order in Securities Appellate Tribunal (SAT).

NSE settles 2021 glitch case with Sebi, pays Rs 72.64 cr https://ift.tt/hFq31Ar February 24,2021, NSE halted trading in all its segments. The stock exchange informed that it has multiple telecom links with two service providers and that it received communication from both of them that there are issues with their links due to which there is an adverse impact on its system.

Intense El Nino may push inflation up by 15-20 bps: Experts https://ift.tt/lzCZaMv deep deficient monsoon could push food inflation by 50-60 basis points. One basis point is one hundredth of a percent. "It will have lower than the 50 bps (0.5 percentage points) impact on headline inflation that RBI talks about as potential negative impact from adverse weather," said Abhishek Upadhyay, senior economist, ICICI Securities PD.

Promoter Abrdn sells entire stake in HDFC AMC for Rs 4,079 cr; Morgan Stanely, SBI MF among buyers https://ift.tt/x2FdI1V follows the UK investor’s exit from private insurer HDFC Life, where it sold some INR2,000cr of shares in the pre-merger stake sale. HDFC AMC returned to shareholders nearly 123 times the cost of its pre-IPO investment, while its shares rallied almost 11.39% to INR2,108.05 on Tuesday.

India approves wheat, broken rice exports requests from 4 countries https://ift.tt/sybY4rF South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1. New Delhi also approved request from Nepal and allowed wheat exports in the current financial year.

Borrowing cost hardens with surge in state bond issuances https://ift.tt/Sfe0GN5 April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed. On a gross basis, sales of state government bonds were anyway set to outstrip the previous year issuance due to larger redemptions lined up this year

Abrdn Investment Management set to exit HDFC AMC https://ift.tt/vmZd7XB Investment Management, formerly known as Standard Life, plans to sell its entire 10.2% stake in HDFC Asset Management Company in an open market transaction. The sale of 2.18 crore shares will be priced between Rs 1,800 and Rs 1,892.45 per unit, with an expected value of Rs 3,920 crore.

Withdrawal of Rs 2,000 note can boost growth by pushing consumption: Report https://ift.tt/SfZ65og real GDP growth for the first quarter of FY24 will come at 8.1% with an upward bias and the Reserve Bank of India's 6.5% estimate can also be exceeded, economists at the country's largest lender SBI said. "We expect Q1 FY24 GDP growth at 8.1% with an upward bias due to the impact of ₹2,000 note withdrawal event...this reinforces our projection that FY24 GDP could be higher than 6.5%, basis the RBI estimate," a note said.

Nutella French Toast makes an ideal addition to school breakfasts/lunches with its irresistible combination of flavours. The creamy Nutella filling sandwiched between slices of golden French toast provides a delicious and satisfying treat that will surely bring joy to students. To prepare this delightful Nutella French Toast, start by whisking together milk, cornstarch, ground flaxseeds, baking powder, and vanilla in a shallow bowl. Melt butter in a pan over medium-high heat and whisk the batter again before dipping each side of the bread into it. Let the bread soak for about 10 seconds, then cook it in the pan for 2-3 minutes on each side until golden brown. Add more butter as needed between bread slices. Serve the scrumptious French Toast with a generous spread of Nutella and fresh fruit. For an extra treat, pair it with a refreshing berry smoothie. (Recipe courtesy: Chef Vikas Khanna) INGREDIENTS 8slicesbread slices 1cupskimmed milk 1/4cupcorn starch 1teaspoonvanilla extract 1...

Gift Nifty to be accessible for trading for 21 hours on NSE IX from Jul 3 https://ift.tt/3dxNlF4 International Exchange (NSE IX) will start trading the Gift Nifty derivative contracts on July 3, which is accessible for almost 21 hours across Asia, Europe, and US trading hours. Gift Nifty offers foreign investors a single pool of liquidity and venue to access dollar-denominated Nifty derivatives at NSE IX regulated by the International Financial Services Center Authority (IFSCA). Initially, participants can access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services and Gift Nifty IT derivative contracts, and later, other indices will be unveiled under the Gift Nifty suite.

Reliance Power shares rally 15% in a week. Gaurav Bissa explains what traders should do https://ift.tt/BlY7jPo has been trading in an uptrend with formations of higher highs and higher lows. The index has also managed to sustain above its 21DEMA since April 2023. Nifty is trading in an ascending channel pattern and bouncing strongly whenever it approaches the channel support.

Tardy monsoon pushes back kharif sowing; India 37% rain deficient https://ift.tt/SfZ65og slow onset of monsoon in India has delayed sowing of key crops such as paddy, oilseeds and pulses, as the country has received deficient rainfall, which may lead to lower yield. Private weather forecaster, Skymet, has predicted a "dismal" outlook until the first week of July, which is crucial for preparing fields for the kharif season. Soyabean, which requires a high amount of water, is expected to be one of the most affected crops.

Reliance Power makes a higher offer to lenders for Vidarbha Industries https://ifttt.com/images/no_image_card.png​​Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC improved its offer to `1,220 crore while Reliance Power made a revised offer of `1,260 crore. The offer by the promoter is backed by Varde Partners, which acquired a 15% equity stake in the company by infusing `930 crore in September last year. A Reliance Power spokesperson said: "We are committed to maximise the value for our lenders.

Monsoon, global cues, FII flows to decide Dalal Street’s fate this week https://ift.tt/wCORTyh benchmark indices are approaching their all-time high levels and a new record may be achieved soon, says Sameet Chavan, head technical and derivative research, Angel One. Nifty50 is just 62 points away from its life high of 18,887.6 points, while the Sensex is 162 points away from its all-time high of 63,583.07 points. Investors will closely monitor the trend of global macroeconomic indicators, such as the Bank of England interest rates decision, and monsoon rains in India, to sustain this momentum. Foreign portfolio investments have also played a key role in sustaining the Indian market.

5 blue chips help Nifty rally; RIL, ITC among top performers https://ifttt.com/images/no_image_card.png​​Reliance contributed 272 points to the Nifty rally. Indian markets closed at record highs on Friday, with the Nifty closing at 18,826 and the Sensex at 63,385. Nifty 50 is now only 63 points away from an all-time high level, whereas Sensex closed just 198 points away from the record high hit on December 1, 2022.

2k Notes: Almost 40% of total 1.8 L cr is back in circulation https://ift.tt/YUwbihg 40% of the total Rs 1.8 lakh crore worth of Rs. 2,000 denomination currency has returned to the market in the form of Rs. 500, Rs 200, Rs 100 currency notes, while the remaining is staying put in the banking system. The currency with the public fell by Rs 83,242 crore during the fortnight ended June 02. The central bank's move to withdraw the Rs 2,000 currency note has added to the surplus liquidity in the system, which is estimated at close to Rs 1 lakh crore, according to analysts.

Warburg Pincus sells 6.2% stake in Kalyan Jewellers for Rs 724 cr; Franklin Templeton, Nomura emerge buyers https://ift.tt/1XBAZMz move sees it lower its holdings in the firm from 23.82% in March to 17.60% now. Domestic investors BNP Paribas Arbitrage and Franklin Templeton MF have ended up with a 1.63% and 0.84% stake respectively, while foreign investor Nomura has bought an 0.83% stake.

15 people, mostly seniors going to casino, killed in highway crash in Canada https://ift.tt/pE68kQH broadcasters aired images of what looked like a large van or bus smoldering in a ditch near a transport truck with a smashed engine on a road. The pavement was littered with debris - broken glass, a large bumper and what looked like a walking aid. Seven blue and yellow tarps were stretched out.

Interest rates may stay high for longer, hints a key market gauge https://ift.tt/ArWMReI Indexed Swap (OIS) rates, an indicator of how the Reserve Bank of India (RBI) may act on policy rates, have climbed over the past eight days, reversing earlier optimism that rates were likely to head lower in the last quarter of calendar 2023.

Wall Street isn't buying what Powell, economists are forecasting https://ift.tt/ADq3Qhv plenty on Wall Street have cause for concern. Think sobering economic signals in the bond market, rich equity valuations and febrile market patterns across decades of business cycles.

Goods exports contract 10.3% in May https://ift.tt/RNGDEc6 also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still continue on the global trade front and many countries are going through a slowdown.

CBIC tightens norms for GST registrations https://ift.tt/S8cIJQZ the ongoing all-India drive, Centre and State GST officers have detected over 15,000 fake registrations and are initiating punitive action against the perpetrators. They are also trying to find out the mastermind who are the real beneficiaries.

​China, India to see biggest exodus of high-net-worth individuals in 2023​ https://ifttt.com/images/no_image_card.png​China, followed by India, will see the biggest net outflows of millionaires globally in 2023, Henley & Partners said in a report Tuesday.​

Nithin Kamath and Ramesh Damani in combination offer the most important rule in trading https://ift.tt/ivBjaoI co-founder Nithin Kamath has said that most retail traders fail due to irrational decision-making. Meanwhile, financier Ramesh Damani has said that "trading is always done by slip book and not cheque book". According to Damani, speculation is about leverage, and traders should cut their losses and hold on to their profits. Kamath clarified this statement by explaining how badla traders would always make a profit for themselves and their brokers, while those who issue cheques were betting the wrong way and should cut their position.

Rajesh Exports fails to file auditor report https://ift.tt/nAXCfjS gold refiner and manufacturer, which posted revenues of ₹3.4 lakh crore in FY23 and has a market value of over ₹17,000 crore, did not put out its audit report and a comparative number of cash flow statements when it announced its FY23 and Q4 results on May 30. Chartered accountants said the audit report - the auditor's note on the company's financial statement - is tracked closely by investors. Rajesh Exports did not respond to ET's query on the matter.

These 9 commodity stocks touch their new 52-week high; do you own any? https://ift.tt/kuDrLIc Tuesday's trading session, the Sensex benchmark index witnessed a rise of 418 points, closing at a notable 63,143 level.​

Bunge, Viterra merger to create agriculture trading giant https://ift.tt/hE9IA4d deal brings Bunge closer in global scale to leading rivals Archer-Daniels-Midland and Cargill and will be examined closely by antitrust regulators. Bunge is already the world's largest oilseed processor and analysts said it and Viterra's crushing businesses could face regulatory scrutiny in Canada and Argentina.

Top Guns! RIL, LIC & 6 other Indian companies among 400 global heavyweights https://ift.tt/NyE2zZT Mukesh Ambani's Reliance Industries climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies

Sunflower oil prices fall as Ukraine ships stock to India https://ift.tt/Fw0I4ZH is also offloading a lot of wheat in the global market, they said, adding this may impact wheat prices in India, which have shot up 10-11% in the past two months. While wheat prices may cool off, they said, rice prices have increased 15% in the past fortnight as the rabi rice crop in Bihar, Uttar Pradesh, Madhya Pradesh and Odisha has not been satisfactory.

Jupiter Wagons, Faze Three among top smallcap additions by MFs in May; Dollar Industries, Sirca Paints major exits https://ift.tt/YN8hj4K mutual funds purchased equities worth Rs 2,447 crore in May, compared to selling Rs 4,533 crore in April, according to IDBI Capital. In the small-cap sector, some of the major holdings added to portfolios include Jupiter Wagons, Nexus Select Trust, Carysil, Chennai Petroleum Corp and Faze three. In May, retail investors saw a halving of flows into equity mutual funds to Rs 3,240 crore, their lowest in six months, as investors booked profits due to a rise in markets and flows into debt schemes.

Shantanu Thakur demands CBI probe into Matua temple incident https://ift.tt/JIkvDjX The incident led to injury and hospitalization of more than 15 Matua disciples. The minister also apprised the Union Home Minister Amit Shah about the alleged attack on Matua disciples. Trinamool Congress also claimed their workers were also injured in yesterday’s incident.

UBS set for 'bumpy' integration of Credit Suisse https://ift.tt/5N8DiXR coming months are likely to be "bumpy", warned UBS chief Sergio Ermotti on Friday, adding the integration will come with "waves" of difficult decisions, particularly regarding employment. The country's leading bank UBS was forced into a marriage to prevent its rival from going under, but it hasn't waited for Monday to start preparing to absorb Credit Suisse.

One dead, several wounded in shooting at Maryland home, police say https://ift.tt/wJPVrke police cars were seen in the residential area where the shooting happened south of the city center and near the waterfront. The police department issued a news release confirming multiple people were hurt and that one was flown to a trauma center. The release did not elaborate further on the victims.

10 killed in Australia after wedding bus rolls, according to police and media reports https://ift.tt/QuZTM3e said 25 people were injured in the accident and were taken to area hospitals by helicopter and by road. A further 18 passengers were uninjured in the accident in the Hunter Valley region of New South Wales state north of Sydney. The driver of the bus, a 58-year-old man, has been arrested and will be charged, Police Assistant Commissioner Tracy Chapman said.

Billionaire investor, philanthropist George Soros cedes control of empire to a younger son: Report https://ift.tt/LsYihwc' business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries around the world and funnels about USD 1.5 billion annually to groups such as those that back human rights and promote the growth of democracies around the world, according to its website.

Lenders replace Go First’s key bankruptcy officials https://ift.tt/5N8DiXR committee of creditors replaced the company-appointed interim resolution professional, process advisor and legal agency to show their intent of controlling the country's biggest voluntary bankruptcy-protection case since the Insolvency and Bankruptcy Code came into force. The CoC will file for more changes before the NCLT by Tuesday, including replacing Alvarez & Marsal as the process advisor with EY, along with the legal team. The CoC wants to avoid conflict of interests.

Learn With ETMarkets: Options Demystified 302 - Options Greeks (Part 2) https://ifttt.com/images/no_image_card.png"Theta measures the rate at which an option loses value over time. It represents the amount by which the option's value decreases every day due to the passage of time, assuming all other factors remain unchanged. Theta is highest for at-the-money options and decreases as the options move in-the-money or out-of-the-money. For instance, if the theta of a call option is -0.05, it means the option's value will decrease by $0.05 per day due to time decay."

Breakout Stocks: How are IEX, Sonata Software, and JustDial looking on charts for Monday https://ift.tt/pMQjE3d that were in focus include names like Indian Energy Exchange, which fell more than 10%, Sonata Software, which rose nearly 4% to hit a fresh 52-week high, while JustDial also clocked a fresh 52-week high on Friday.

Up 286% in 1 year! Multibagger defence PSU stock can further gain 19% in next 2 quarters https://ift.tt/K9BjFds shipbuilding company, Mazagon Dock Shipbuilders, has seen a surge in its stock value, rising as much as 286% in the past year. The surge has continued with the stock rising 37% in the past month. The company has strong order backlog of INR 38,754 crore as of March 2023 and is expected to benefit from upcoming bids from the Indian Ministry of Defence, helping to improve the order book and revenue visibility of the company. Investors are advised to invest in the stock in the Rs. 1009-1050 band with a base target price of Rs. 1,131.

Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards https://ift.tt/1oVXxqd broadening equity rally in the US is underway, expanding beyond mega-cap companies and into small caps, energy shares and industrial stocks, resulting in the rise of the S&P 500 nearly 12% year-to-date. Investors, repositioning portfolios primed for a widely-expected recession, are beginning to reap the rewards of increased allocation to economically sensitive markets. This development may ease worries of the market's narrow leadership, previously dominated by just seven mega-cap companies, some of which will have contributed to the majority of the index's gains for 2021. The resurgence in small cap companies has also seen the Russell 2000 small cap index rise by 6.6% this month alone.

It's a traditional sweet dish made in the Gujarati cuisine with by combining strained hung curd with mango pulp, sugar, and a hint of cardamom powder for flavour. The mixture is then chilled and served cold, garnished with chopped nuts like almonds or pistachios. Gujarati Amrakhand offers a delightful blend of tangy mango and creamy yoghurt, making it a refreshing and indulgent dessert. Enjoy this desserts before the mango season ends. (Recipe & Image courtesy: Deepa Nair) INGREDIENTS 250gmmango 1tablespoonyoghurt (curd) 1teaspoongreen cardamom 1Pinchsaffron 2teaspoonalmonds 500mlfull cream milk 250gmsugar How to make Amrakhand Step 1 Boil half a litre of milk and add 250 gms sugar in it. Allow it to boil continuously till the colour changes and the quantity reduces. Step 2 Now, remove this from the flame and allow it to cool. Add one teaspoon of thick curd, mix well and keep aside. When it becomes curd, hang in muslin cloth and let all the water drain out. You can...

Mobile GST hike gives government more than PLI outlay: Industry Executives https://ift.tt/TWZosNm fact, the five-year smartphone PLI scheme will leave a revenue surplus of ₹11,000 crore if only the Centre's GST (goods and services tax) collections are taken into consideration, industry body India Cellular and Electronics Association (ICEA) said in a June 5 letter to the finance ministry. The government increased the GST on mobile phones to 18% from 12% on April 1, 2020, the day the smartphone PLI scheme was announced.

We are looking at extended rate pause for good part of FY-24: Lakshmi Iyer https://ift.tt/JZfwXV6 while the majority still believes that this should be the way forward, I think when the US starts probably pivoting or talking towards a rate cut in future, I think that is when, of course, inflation definitely is important, but it is going to be very difficult to envisage that the globe starts easing interest rates and India would probably wait for a more durable reduction

RBI Monetary Policy: An interest rate cut emerges on the horizon https://ift.tt/iRC13pI Reserve Bank of India has kept interest rates unchanged for the second consecutive meeting of the Monetary Policy Committee, with the repo rate remaining at 6.5%. Governor Shaktikanta Das suggested that the real interest rate meant a cut in policy rates was possible as the interest rate cycle may have peaked. The inflation target mandate, a monetary policy objective aimed at controlling the rate of price increases, emerged in 2016 after years of price increases led to negative real interest rates and spawned financial instability.

S&P 500's tech-heavy top is a feature, not a bug https://ift.tt/fSTeaUE reason investors buy the broad market is to diversify the risk of owning too few stocks. But with five of them dominating the S&P 500, some investors may be wondering if buying a broad market index is too dicey

Government details procedure for watermelon seeds imports https://ift.tt/Wcx7pou DGFT laid out a procedure for imports up to October 31, 2023 and has invited fresh applications for licenses for the imports till June 15. “The applications shall be considered on actual user basis to processors only, based upon their own processing capacity is required to be provided,” the DGFT said in a public notice, adding that the quantity of the imports for each applicant would be decided by the Exim Facilitation Committee.

ETMarkets Fund Manager Talk: Expect RBI, Fed to lean towards a longer pause on interest rates: Tailwind Financial https://ift.tt/Y7m6n5c remain conducive in the near term for markets to continue recovery and move towards a new high. This is on the back of improved domestic macro sentiments along with better global flows due to expectations of interest rates peaking.

Falling costs to protect cement companies' margins as demand slows https://ift.tt/c8YLkeW from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects.

HSBC, Barclays carry out inaugural trades https://ift.tt/Lp02eK5 carried out its first rupee non-deliverable options trade with Reliance Industries, while executing non-deliverable forward transactions with other counterparties.

More than half of Indian equity investors come from non-metro cities: Study https://ift.tt/7a0B1Fv half of equity investors in India are from non-metro areas, according to a study by equity investment advisory firm Research and Ranking. Of the 2,000 respondents, around 50% of investors had not experienced a complete business cycle, suggesting potential limited exposure to market fluctuations, but around 60% adopted a long-term investing approach. The survey also found that 57% of investors yearned to invest a lump sum in equity, while 43% preferred a more measured approach via investing through systematic investment plans.

LIC increases stake in this Nifty bluechip stock through open market https://ift.tt/AJ2SrHP Insurance Corp (LIC) has raised its stake in Indian IT services firm Tech Mahindra to 8.8% from 6.8%, having added 1.96 crore shares through open market transactions. LIC saw its income from investments increase slightly to INR67,846 crore ($10.5bn) for the January-March period. Tech Mahindra shares ended 0.85% higher at INR1,095 on the NSE on 28 June, and the company has an average target of INR1,086.09, just under the current price, according to Trendlyne.

IL&FS unit, lenders lock horns over future of some road assets https://ift.tt/4HKvga5 lenders see value in selling the assets while ITNL wants a resolution by transferring the asset to its infrastructure investment trust (InvIT).

What are the new guidelines unveiled by RBI for bank locker users? https://ift.tt/gO91SXk exactly what happens is that if for example, customer has not paid rent for a long time then banks can open the locker as they had this power. But now they can open the locker but only in the presence of customer that has been clarified in this.

Rate hikes are reasonably off the table for the moment: R Sivakumar https://ift.tt/p0YlaOe RBI certainly seems to be on a pause mode. And in fact, global central banks also, especially the US Federal Reserve, also seems to be indicating that they would pause soon.

US stock market: S&P 500 ends lower as traders eye potential pause in rate hikes https://ift.tt/8mN5pEe Inc ended 0.8% lower after the world's most valuable company unveiled an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone. Earlier Apple rose as much as 2.2% to an all-time high.

Rupee sees biggest drop since March 14 on likely Fed hikes https://ift.tt/p0YlaOe decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the rupee as importers rushed to lock in purchases of the dollar-denominated commodity.

Pension regulator wants capital cover for assured return plans https://ift.tt/pZMYlBA schemes such as the old pension scheme are not sustainable, something that is being witnessed the world over, Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty told ET in an interview. Mohanty is a member of the committee looking into pension systems for government employees, set up after the clamour from multiple states to switch to the old pension scheme.

Hand holding states, government sellers to integrate with ONDC: DPIIT Joint Secretary https://ifttt.com/images/no_image_card.png"This will unlock value in the huge B2B (business-to-business) market by increasing access and discoverability of various businesses across the network. "As we look forward to the integration of credit in the ONDC, the business can hugely benefit from the open network ecosystem by being a part of the ONDC," he said here at a function - 'B2B Unlocked'.

Monsoon to hit India within next two or three days: DS Pai, IMD https://ift.tt/9AMDS3K, so actually this year because of associated with the expected El Nino which is almost certain because all the models are indicating a probability of around more than 95 percentage, so generally El Nino related associated with that monsoon is to be below normal, it happens.

Big Movers on D Street: What should investors do with Hero MotoCorp, Zomato and Cyient? https://ift.tt/JkqiwzL equities bounced back, ending a two-day fall with the S&P BSE Sensex closing up 118 points at 62,547, and Nifty50 settling at 18,534 levels. Despite the laggards of IT and oil and gas sectors, stocks in metal, telecoms, and autos sectors helped drive gains. Hero MotoCorp grew by 3.09%, Zomato rose by 4.71%, and Cyient experienced a 6.49% gain. Senior Technical Analyst Pravesh Gour suggests investors buy Hero MotoCorp above Rs 2,950 and Cyient, and lists long-term recommendations for Zomato.

Stocks to buy today: NMDC, BEML among 10 short-term trading ideas https://ift.tt/Smgwz5v Indian market is expected to rise as positive global cues influenced trade. The S&P BSE Sensex gained 100 points, and the Nifty50 market index closed above 18,500 levels. India VIX decreased by 4.09% creating sessions that are choppy. The strategic Call OI maximum for this week is at 18,600 while the maximum Put OI is at 18,500. Stocks suggested for traders who have a short-term trading horizon include Redington, NMDC, Shriram Finance, and BEML. On the other hand, Hero MotoCorp, Mahindra Finance, and L&T, among others, are also suggested for trading by various experts.

Phoenix Mills, Parag Milk Foods among top buy ideas for this week: Anand James https://ift.tt/vLys6bW meant that while Nifty showed no vigor to push beyond 18660, thus leading to a turn lower, but bargain buying emerged as soon as dips turned substantial enough, thus avoiding major falls as well.

ETMarkets Smart Talk: Recall of Rs 2000 notes will boost liquidity into the banking system: Kashyap Javeri https://ift.tt/9LYeboG Each of the indices is making a new high for different reasons but one reason is common, strong household balance sheet and income growth for FY21 and FY22 is driving urban consumption strong.

MPC meeting: RBI may hit rate pause button again this week https://ift.tt/wadnGYl to an ET poll with 16 respondents, the six-member rate-setting panel is seen maintaining the benchmark policy repo rate at 6.50% during the June 6-8 meeting, marking the second consecutive instance of it holding off on policy tightening. The respondents were unanimous in their expectation.

Don't see a world where we're not going to have higher rates: Mary Callahan Erdoes https://ift.tt/TwNa7Y1 will be other issues when you start having quantitative tightening. We just don't know what the results will be. That's what the world is dealing with right now.

Market Trading Guide: Maruti Suzuki, NMDC among top 6 stock recommendations for Monday https://ift.tt/JkqiwzL equities tracking positive global cues ended higher on the last trading day of the week. Nifty at the close edged higher by 0.25% to 18,534, while broader markets on the other hand outperformed, with Nifty Midcap 100 ending 0.46% higher. “Now Nifty has to hold support of 18442 zones to witness an upmove towards 18666 and 18750 zones, while on the downside, support exists at 18442 and 18333 zones,” Chandan Taparia of Motilal Oswal Securities, said. Here are stock recommendations for Monday:

Pakistan's Imran Khan openly accuses military of trying to destroy his party https://ift.tt/KaWxTlV Pakistani Prime Minister Imran Khan has accused the country's military and its intelligence agency of attempting to destroy his party. He suggested that he feared being arrested and convicted in a military court as a result. The remarks came as authorities started processes to try people, including members of his Pakistan Tehreek-e-Insaf (PTI) party, in military courts for their alleged involvement in protests that included the supposed ransacking of military buildings and property last month. Amnesty International has said that Pakistan's military courts have exhibited a disregard for due process.

UBS considers delaying results after Credit Suisse rescue: Report https://ift.tt/7e1PEIN at Switzerland's biggest bank are weighing delaying the publication of results along with an update on the plans for Credit Suisse's domestic business, the report said, citing people familiar with the matter whom the newspaper did not name.

Nilesh Shah on why you should never predict the market https://ift.tt/D9VrkuH Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong. Shah also emphasised the importance of management and governance, saying that people need to begin respecting these elements more in order to limit losses and make money in the stock market. His comments come in response to predictions made by other experts, including Chris Wood, who recently suggested that the Sensex index could hit 100,000 within the next five years.

Adani Ports, IRCTC among 7 firms that declared dividends this week https://ift.tt/lkWNex7 number of widely tracked companies have declared dividends with their March quarter results

A break above 18600 could take Nifty to fresh highs: Kunal Shah https://ift.tt/TaUki8X anticipate that bulls will regain control in the Indian equity markets once the Nifty index breaks above 18,600 on a closing basis. The breakthrough would confirm the creation of a new all-time high level for the index. Investors were advised to adopt a "buy on dip" approach with the overall market trend remaining bullish, despite the ongoing battle between the bulls and bears. Although the oil and gas sector is experiencing headwinds due to factors like geopolitical tensions and fluctuations in oil prices, the reality sector is experiencing optimism.

Learn With ETMarkets: Why do traders prefer option writing over buying? https://ift.tt/BVUOyAs to how insurance companies make money despite the risk of payouts, option sellers rely on probabilities of gains. Option sellers may only lose money if the option turns against them, and they can make gains in other scenarios such as when the market goes up or even stays flat. Overall, option writing has become a popular strategy for big traders due to its high win probability. However, combining option buying and selling may lead to even greater profitability and win rates.

Big movers on D-Street: What should investors do with South Indian Bank, HUL and Sobha? https://ift.tt/Fxw9Xlk equity benchmarks closed lower due to profit booking and a slump in the global markets. The auto and IT sectors gained slightly but banking, financials, and metal stocks fell. South Indian Bank rose by 9.57%, HUL gained 0.88% and Sobha rose nearly 7%. Kotak Securities' VP of Technical Research, Amol Athawale, suggests buying South Indian Bank above Rs 18 as the stock has formed a promising price volume breakout formation. Athawale also recommends buying HUL on dips and buying Sobha as the stock is comfortably trading above the 20-day SMA.

View: Modi’s $24 billion manufacturing push is stuck on the assembly line https://ift.tt/PfxXjYG, influential critics are asking if the much-touted success in becoming a hub for smartphone manufacturing is a hollow claim. Low-end assembly-line jobs, created with the help of expensive state subsidies and protectionist import duties, would only make sense if they were a quick pathway to more sophisticated production, such as of microprocessors.

Balkrishna treads on weaker ground in main markets https://ift.tt/foGjquN volume deceleration in FY23 was due to a contraction of 5-6% in the second half of the fiscal year due to weakness in Europe and the US. The European operations reported volume drop in each of the three quarters to March 2023.

Fed signal for rate pause takes pressure off hot jobs report https://ift.tt/4Yk91oy Philip Jefferson, a centrist who's nominated to be vice chair and who often echoes Chair Jerome Powell's views, said Wednesday that skipping an increase would give policymakers time to assess data but not preclude future tightening.

India is 'capital starved', needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal https://ift.tt/nxX2dkP at the Times Network India Economic Conclave 2023, he said India must learn from the rest of the world and allow pension funds and provident funds to invest into many companies instead of restricting them into investing mainly on government securities. Piramal, who was bullish on the future of the Indian economy, said this is the best time the country has had and "we want to grow faster".

Ahead of Market: 10 things that will decide D-Street action on Friday https://ift.tt/Fxw9Xlk benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Thursday due to selling in banking, metal, and energy counters amid a mixed trend in global markets. The 30-share BSE Sensex declined by 194 points to settle at 62,428.54, marking the second consecutive day of losses. While investors turned cautious about inflationary pressure in the US after raising the US debt ceiling, the domestic market displayed better than estimated Q4 earnings growth and 7.2% GDP growth in FY23.