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Big movers on D-Street: What should investors do with RVNL, Gland Pharma and United Spirits? https://ift.tt/4lr2MZo this week so far, the stock rallied over 5%. After a long consolidation, eventually the stock cleared the short-term resistance of 129 and formed a bullish candle on weekly charts, which is largely positive.

Rising bromine prices bring Archean back on Street radar https://ift.tt/g23G19Z is a marine-based speciality chemical maker that produces natural bromine from its brine reservoir at Rann of Kutch in Gujarat. It has an installed bromine capacity of 28,500 metric tonnes (MT).

HFCL raises Rs 353 crore via QIP https://ift.tt/cIE0z2v issue got subscribed four times with Reliance Industries, through its investment arm Reliance Ventures and Quant Mutual Fund, hiking their stakes in the company.

Some people rattled by India’s growth outlook: BJP on opposition attack on govt over Adani issue https://ift.tt/cIE0z2v Organised Crime and Corruption Reporting Project (OCCRP) has accused the conglomerate of investing hundreds of millions of dollars in publicly traded stocks through opaque investment funds in Mauritius. The Congress has called for a joint parliamentary committee probe into the matter, while the Adani Group and BJP have dismissed the allegations. The Aam Aadmi Party has urged the Supreme Court to take action based on the OCCRP report.

Fundamental Radar: IndusInd Bank set to grow faster than industry; Sharekhan explains why https://ift.tt/8p4J6Uh strong growth outlook from a well-diversified loan book with a rising share of retail loans along with healthy capital ratios gives strong visibility, according to brokerage Sharekhan.

Unsecured loans to corner a huge slice of bank provisions https://ift.tt/nRgKF8p costs for unsecured loans could make up between 60% to 70% of the total provisions for large private sector banks in fiscal 2025 after a strong 26% growth in this segment the last five years. Unsecured loans contribute about 6% of overall system (incl. NBFCs), and contribute 11% for the banking system up from 8% in fiscal 2019.

Country Garden warns of a possible default https://ift.tt/L5MNDcz Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations, "which may result in default," according to a filing Wednesday. The developer also cited "material uncertainties" that may cast "significant doubt on the group's ability to continue as a going concern." -

China banks to cut interest rates in stimulus bid https://ift.tt/PYBbjxq big state-owned lenders are working on reducing rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of outstanding mortgages, according to people familiar with the matter. The reductions will only affect loans on first homes, two of the people said.

Average resolution time under IBC touches three-year high in June quarter: Report https://ift.tt/PYBbjxq timeline for completion of resolution under the Insolvency and Bankruptcy Code (IBC), which was established in 2016, is 270 days, and can be extended subject to certain conditions. A total of 45 per cent of the cases under the IBC have ended in liquidation, India Ratings said on the basis of an analysis of data released by the Insolvency and Bankruptcy Board of India (IBBI) for the June quarter.

Goldman may convert part-debt into equity in PharmEasy https://ift.tt/PYBbjxq online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4

CreditAccess likely to sustain business momentum amid improving asset quality https://ift.tt/zRi1yOJ is present across 14 states and one union territory. It continues to expand reach across these regions. The share of the major states including Karnataka, Maharashtra, and Tamil Nadu in the gross loans fell to 73.5% in the June quarter from 77.9% in the year-ago quarter.

Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCL https://ift.tt/nqeS8vr bad bank, officially known as National Asset Reconstruction Company of India (NARCL), was set up a year ago to acquire the sticky loans of high-street banks. There was a proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL), which led to Sekar's resignation.

Russian mercenary boss Yevgeny Prigozhin is buried in private, ending his tumultuous journey https://ift.tt/nqeS8vr burial ceremony took place behind closed doors at the Porokhovskoye cemetery in his hometown of St. Petersburg. The funeral was shrouded in secrecy, with a wooden cross and two flags adorning Prigozhin's grave. Russian media reported that the burial was held without any publicity, as per the wishes of his family.

Asian stocks climb with economic data in focus https://ift.tt/HNv3pBm Asian equity gauge climbed 0.5%, supported by gains in Hong Kong, Japan and Australia. Shares in mainland China fell at the open, before heading into positive territory. US futures steadied following the S&P 500’s first back-to-back advance in August.

Next generation of Ambanis set to enter RIL boardroom https://ift.tt/huKEfem Ambani, the chairman of Reliance Industries Ltd (RIL), announced that his three children - Isha, Akash, and Anant - will be inducted as non-executive directors on the RIL board. Ambani will continue as chairman and managing director for another five years. In addition, his wife, Nita Ambani, has resigned from the RIL board to focus on the Reliance Foundation philanthropic arm.

Rishabh Instruments holds promise in energy efficiency https://ift.tt/nqeS8vr promoter holding would drop to 70.6% post-IPO from 80.67%. Long-term investors may consider the IPO owing to earnings visibility in the energy efficiency product segment. The company's ability to develop products in lower lead time, the potential for margin expansion, and likely incremental revenue from electronic manufacturing services are draw cards for the IPO.

Vishnu Prakash IPO subscribed 87.8 times https://ift.tt/nqeS8vr issues, which opened on August 24 for the public subscription, was priced in a band of ₹94-99. Choice Capital Advisors and Pantomath Capital were the book-running lead managers for the issue. - Our Bureau

Incremental CRR: As liquidity tightens, banks push CDs https://ift.tt/nqeS8vr acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28.

Assembly polls raise loan waiver pitch, but impact may be minimal https://ift.tt/0N5nswx of the microfinance industry said that their borrowers have now become savvy and know that good repayment ensures a timely dose of loans when they require it the most. So, debt waiver announcements could only derail repayment temporarily and would not translate into default and significant escalation in credit cost.

Shriram Housing ties up with IFC to promote building of green houses https://ift.tt/IuTc92D the partnership, IFC will provide training and capacity building for Shriram Housing Finance employees on the principles and applications of its Excellence in Design for Greater Efficiency (EDGE) certification tool for the affordable self-construction segment customers and impact monitoring tool (CAFI) for reporting of green affordable housing.

March 4, 2024, trial date set for Trump in US case charging him with plotting to overturn election https://ift.tt/cV03gPr President Donald Trump's trial date for the federal case in Washington, charging him with trying to overturn the 2020 election, has been set for March 4, 2024. The judge rejected the defense's request to delay the trial by several years, but agreed to a slight postponement from the prosecution's proposed date of January 2024.

My learnings from Warren Buffett: S Naren https://ift.tt/aLFHKTr through his investment journey has shown that investing is not just arithmetic, but taking sensible long-term decisions.

EM funding gets creative as dollar bonds dry up https://ift.tt/6ysljRP sale of dollar bonds from developing countries sunk to the lowest since 2021 in August as global yields spiked to multi-year highs and 15 emerging nations traded at distressed levels. Only $1.4 billion has been raised in emerging debt this month, compared with $4.5 billion in August 2022 and average monthly sales of $15.4 billion this year.

India, US must map out economies, form supply chains in complementary ways: Katherine Tai https://ifttt.com/images/no_image_card.png​​"So at this point, our trade relationship within the context of the larger relationship, is mirroring the dynamism and the upward trajectory that I see just over the course of a couple of days visiting Jaipur and Delhi (for G20). It is an incredible sense of optimism and forward-looking vantage point. We are challenging ourselves on what our next steps are going to be. Each one of these sets of outcomes creates a stair step forward and upwards," Tai said.

JPMorgan sees ‘limited downside’ for crypto near term after bitcoin’s recent rout https://ift.tt/CqIdbAH, the largest crypto token, was down 0.2% at around $25,980 as of 11:30 a.m. in New York on Friday. In the past two weeks, it has fallen almost 12% after trading sideways for about a month.

Mcap of three of top-10 most-valued firms erodes by Rs 82,082.91 cr; Reliance biggest laggard https://ift.tt/mBRKpYI combined market valuation of three of the top-10 most valued firms eroded by Rs 82,082.91 crore last week, with Reliance Industries taking the biggest hit. From the top-10 pack, Reliance Industries, HDFC Bank and State Bank of India were the three laggards, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel and Bajaj Finance were the gainers.

FPIs invest Rs 10,689 cr in Aug; pace of investment slows https://ift.tt/POm3qe5, higher crude oil prices and resurfacing of inflation risks, firming up of bond yields in the US, would have led some foreign investors to drift away from riskier markets in favour of greater certainty and better risk-reward profile offered by US treasuries, Srivastava said.

Number of micro irrigation schemes increased by 1.42 million between 2013-14 and 2017-18 https://ift.tt/xsI5F1n of 23.14 million MI schemes examined, 21.93 million (94.8 per cent) constitute groundwater schemes, while 1.21 million (5.2 per cent) are classified as Surface Water Schemes. This underscores the substantial reliance on groundwater resources for irrigation needs.There has been a delay in release of the 6th census due to COVID-19 and work on the 7th census has already been started, a senior official said.

Medi Assist Healthcare refiles draft papers with Sebi for 2.8 crore-share sale via IPO https://ift.tt/mBRKpYI IPO is a complete offer for sale, wherein promoters and other shareholders plan to sell 28,028,168 shares of the company. If the IPO sails through this time, Medi Assist will be the first insurance third-party administrator (TPA) in India to be listed.

Chandrayaan-3 paves the way for a megatrend in space stocks https://ift.tt/mBRKpYI commercial wing is called New Space India Ltd (NSIL), whose business activity includes manufacturing The Polar Satellite Launch Vehicle (PSLV), and Small Satellite Launch Vehicle (SSLV), and provides launch services to countries and private corporations

17,000% gain! Multibagger smallcap stock turns Rs 10,000 to Rs 17 lakh in just 10 years https://ift.tt/UQBNXRz Bimetal Controls has a market capitalisation of about Rs 3,204 crore and an EPS of 13.22 on a trailing twelve month (TTM) basis. The stock is currently trading at a PB of 12.57.

Rupa and Company Case: Sebi penalises two entities for violating insider trading norms https://ift.tt/mBRKpYI order came after Sebi conducted an investigation in the scrip of RCL, to ascertain as to whether certain entities have traded in the company during February-June, 2021, while in the possession of unpublished price sensitive information (UPSI).

No appetite at Fed, ECB for changing inflation goal https://ift.tt/RKIlJct in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed Chair Jerome Powell and ECB President Christine Lagarde made plain their views: There will be no change to central bankers' shared objective of getting inflation back down to 2%.

JSW Steel to pick up 20%-40% stake in Teck's coal unit: Report https://ift.tt/tsQbMHO biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said. JSW, along with some Japanese and South Korean mills, is planning to buy a stake in the asset and a combined offer could value the unit at $8 billion, he said

MPC Minutes: Excess liquidity on RBI radar https://ift.tt/tsQbMHO Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC's tolerance band of 2-6%. The MPC's inflation target is 4%. From mid-June to end-July, prices of tomatoes shot up nearly five times, with more than 80% of the rise occurring in the end of June and the first half of July, RBI executive director Rajiv Ranjan said.

Reliance Retail, BC Jindal group seek more time to conduct due diligence on Future Enterprises https://ift.tt/RaliXsL Enterprises' creditors were informed at a meeting on Thursday that an extension had been sought by both prospective bidders who were due to submit formal offers on 24th August. The bid deadline has now been extended to 25th September, according to the sources.

Meet aims to ease trade barriers, boost growth: Piyush Goyal https://ift.tt/OsP2Tik the opening session of the two-day TIMM in Jaipur, he said the meeting aims to formulate fair, inclusive and sustainable trade and trade-related investment policies. "While recognising the importance of smooth logistics for international trade, he said that paperless trading is a critical step towards streamlining cross border transactions, reducing administrative delays and enhancing the pace in trade operations," the commerce and industry ministry said in a statement.

EU moots investment court to settle investor- state disputes https://ift.tt/GjpHfwy commissioner for trade Valdis Dombrovskis also indicated the two sides may resolve their outstanding dispute. The two are involved in a dispute over tariffs imposed by New Delhi on information and communication technology goods outside the World Trade Organization.

Will Reliance stock see significant upside in the near term? Sushil Choksey answers https://ifttt.com/images/no_image_card.png​So, how Mukesh Ambani's speech on AGM on Monday, 28th, pans out on this direction that needs to be seen but it is definitely a direction that now three years are done for the previous round of investment

QIA to invest $1 billion in Reliance Retail Ventures https://ift.tt/lZtroXP, the holding company of Reliance Retail Ltd (RRL), had diluted 10.1% stake and raised over $6 billion in 2020 from several financial sponsors and sovereign wealth funds (SWFs) such as KKR, General Atlantic, TPG, Silver Lake, L Catterton, Abu Dhabi Investment Authority, Mubadala and Public Investment Fund of Saudi Arabia.

Quant stock trades are breaking away from bonds https://ift.tt/ZDcdsJT money was cheap in the quantitative-easing era, Big Tech names like Tesla Inc. and Netflix Inc. reigned supreme with ever-higher valuations. Then last year, cheap-looking equities posted a powerful rebound while expensive peers plunged - moves largely attributed to the fast rise in interest rates.

These 9 healthcare stocks record their 52-week high https://ift.tt/Gn0fmkr Wednesday's trading session, the benchmark index Sensex saw a rise of about 213 points, closing at 65,433. Amid this upswing, 9 stocks from the BSE Healthcare index attained new peaks in the last 52 weeks.​The 52-week high serves as a vital technical gauge to evaluate a stock's current value and forecast potential price movements. This value represents the peak price at which a stock traded over the past year.

Dow, S&P 500 ease as rate worries mount, banks shares dip https://ift.tt/rfqhsQa also eagerly awaited results and a forecast from chip company Nvidia due late on Wednesday. Its blockbuster report last quarter fueled a rally in tech stocks and artificial intelligence hopes.

PVR rises on big box-office run, likely to see more gains https://ift.tt/OQ9dlIZ stock declined 0.7% to ₹1,698 on Tuesday. Earlier this week, PVR surged to ₹1,744 - the highest level in nearly seven months. Cinema exhibitors have had a turbulent ride in the last three-four years on account of a prolonged shutdown due to the Covid-19 pandemic, audiences' hesitancy to venture into crowded places, a weak content pipeline and dominance of OTT (over-the-top) platforms.

Power stocks surge amid policy push to drive demand for energy https://ift.tt/SBKcy46 believe the favourable government policies for the sector, continued peak power deficits and the country's shift towards clean energy will drive the re-rating of power stocks. Tata Power, NTPC, CESC, NHPC, and SJVN are among the preferred stock picks.

FM Nirmala Sitharaman pushes for easier processes to boost public service delivery https://ift.tt/ClMrcqm and corporate affairs minister Nirmala Sitharaman has called for the simplification of official processes in order to improve the delivery of public services. She emphasized the need for consistency in reform policies and encouraged officers to utilize government resources effectively.

At multi-year highs: IDFC among 11 stocks witnessing 5-year swing high breakout https://ift.tt/HQMkfoE 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

SoftBank’s arm files for IPO that is set to be 2023’s biggest https://ift.tt/JWPw2un a long-awaited regulatory filing Monday, Arm said the offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. The document listed 24 other underwriters below that top tier — with Morgan Stanley notably absent.

Stocks in news: Adani Enterprises, Paytm, Union Bank, Adani Power, Tata Power https://ift.tt/lDzifOC Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.

Omkara ARC buys Joyous' Rs 784-crore PNB Housing loan https://ift.tt/rfG8avs Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement

All eyes now on Federal Reserve Chief Powell in Jackson Hole https://ift.tt/UBX9TfR US central bank just published minutes of its July policy meeting, and the record showed that, at the time, most Fed officials saw significant upside risk to inflation, which in turn may require even more tightening.

Ethics of Discount Broking: Finding the right balance between profits and investor welfare https://ift.tt/4oY7lgd this: You’re eager to trade stocks, and while traditional brokers offer personalized advice and cozy coffee meetups, they also come with high commissions.

How AI, Blockchain technology are taking India’s insurance industry to next level https://ift.tt/jMd3A8e the model has been quite robust, the insurance industry is reinventing itself to new heights where it is going through a profound change and transformation primarily driven by technological advancements focusing on enhancing the customer experience at each touchpoint. Insurance companies are leveraging their industry experience and the new age of innovative advancements to provide their customers with more personalized and customizable product solutions and related services.

Sebi plans to bring follow-on offer rules for REITs, InvITs https://ift.tt/w83j16g Securities and Exchange Board of India (Sebi) has been continuously engaged in strengthening the regulatory framework as well as in easing the process for these two products. To streamline the process of public issues of REITs and InvITs, the time taken for allotment and listing after the closure of the issue was reduced from 12 to six working days.

Learn With ETMarkets: Options Demystified 504 – Iron Fly and Short Straddle https://ifttt.com/images/no_image_card.png"In high premium situations, you can use the concept of spreads and sell an out-of-the-money (OTM) option for both the call and put to offset some premium. However, this comes with a capped profit. For instance, in the previous scenario, you can sell a 19450 put for 24.5 and a 19850 call for 57.5, reducing your premium by 82 points. This is known as the Iron Fly strategy. The payoff graph for Iron Fly looks like this:"

Fed hinting at longer high interest rate regime casts shadow on gold's investment appeal https://ifttt.com/images/no_image_card.png"The coming weeks would be important as the Chinese central bank is expected to throw some surprises, which should see some recovery in Gold amid broader risk-off sentiments. From the US the Federal Reserve’s annual Jackson Hole symposium returns as the key event this week as Chair Powell kicks off the event with an economic outlook speech on Friday."

India Inc Q1 results: Nifty reports slowest revenue growth in 10 quarters but PAT gives adrenaline rush https://ift.tt/vUqGE4x the other hand, the profitability witnessed an adrenaline rush, recording the highest yearly growth of 33% in six quarters. The companies have reaped benefits from the decline in input costs, resulting in the expansion of margins.

Not in talks with TAQA for their investment, says Adani Energy https://ifttt.com/images/no_image_card.png"The company is not engaged in talks with TAQA for their investment in the company," Adani Energy Solutions said in an exchange notification on Friday.

For many fintechs, NBFC tag may be elusive https://ift.tt/P4Wsvon NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.

Bitcoin slumps below $28K for the first time since June https://ift.tt/sOV2wBM largest digital asset by market value fell as much as 4.3% to $27,699, extending losses after dropping below $28,000 for the first time since June 20. The decline was the biggest on an intraday basis since July 14.

SoftBank buys Vision Fund's stake in Arm at valuation of $64 billion https://ift.tt/yezBPFf is now expected to sell fewer Arm shares in the initial public offering (IPO) and would likely be retaining a stake of as much as 90% in the company, according to the sources, adding that Arm's capital raising from the IPO would be less than the range of $8 billion to $10 billion it was earlier planning

India's growth story here to stay for next 10 to 15 years: Aditya Shah https://ifttt.com/images/no_image_card.png​Over the next 10 years, India’s time has come to the fore as. With China's growth slacking, investors are even more betting on India. The growth story of India is here to stay at least for the next 10 to 15 years.

Radhakishan Damani, Hemendra Kothari among India’s top stock market investors https://ifttt.com/images/no_image_card.png​​With a Rs 1.59 lakh crore portfolio, Damani tops the chart, followed by Jhunjhunwala family. These investors together own shares worth `2.3 lakh crore, about 0.7% of the BSE’s total market capitalisation.

CFM ARC raises offer for Vidarbha Industries https://ifttt.com/images/no_image_card.png"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said a bank source. "CFM ARC has deposited the entire amount in two tranches by the end of the day."

Fed saw 'significant' inflation risk that may merit more hikes https://ifttt.com/images/no_image_card.png"Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy," according to minutes of the US central bank's July 25-26 policy meeting published Wednesday in Washington.

As merger nears, Air India B787 pilots told to fly Vistara aircraft https://ift.tt/KefHoNC pilots will only move once the merger gets an approval from the Competition Commission of India (CCI). Air India and Vistara are the only Indian carriers currently flying Boeing Dreamliners. Air India sent a consent form to its Dreamliner pilots seeking their "willingness to go on deputation to Vistara as a line captain on existing emoluments."

GQG acquires shares worth Rs 982 crore in JSW Energy https://ift.tt/IeURnHD Wednesday, GQG bought 1.6 crore shares or 1.01% stake in the company at ₹341.7 on the BSE, for around ₹571 crore. Shares of JSW Energy ended nearly 6% higher at ₹368.0 on the NSE. GQG purchased these shares through six funds.

We still have enough dry powder to deploy in India: Baring EQT CEO Jean Salata https://ift.tt/uRzn10s Private Equity Asia-EQT (BPEA-EQT) announced two headline transactions in as many months. In June, it teamed up with Chrys Capital to buy 90% of Credila, the education loan arm of HDFC Ltd, for $1.1 billion--the largest-ever private equity (PE) buyout in India in the financial services sector.

Scheme for formal employment generation falls short of target https://ift.tt/ty1eXIk per latest government data, enrolments under ABRY stood at 6.04 million as on July 22, 2023, well short of the revised target of generating 7.18 million jobs under the scheme but higher than its initial target of 5.85 million. Disbursements under the scheme are way behind target.

GQG, other investors pick up 8.1% in Adani Power in $1.1 billion deal https://ift.tt/R7a3weF Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal.

ETMarket Fund Manager Talk-More upside left in PSU banks as best in that class still reasonably valued: Spark Asia Investment https://ift.tt/cmt6Av5, the valuations have expanded by a lesser margin than the 16% rally, as nearly half of the year has elapsed and valuations should always be referenced with time. There is earnings growth with time.

Imposing ICRR may prompt banks to raise deposit rates https://ift.tt/QpRjiOl his latest monetary policy statement, governor Shaktikanta Das imposed a temporary incremental cash reserve ratio (I-CRR) of 10% on incremental deposits received between 19th May and 28th July 2023 given the surge in surplus liquidity in the system. The I-CRR would be reviewed on 8th Sep’23

Robust profit growth for banks in Q1 amid higher credit offtake https://ift.tt/40Cpwme to an ETIG analysis, a sample of 29 banks reported record quarterly aggregate PAT of ₹72,646.5 crore and PPOP of ₹1,29,241.7 crore for the June 2023 quarter. On a year-on-year basis, net profit shot up by ₹67.8% while PPOP grew by 42.3%. Majority of the banks in the sample reported a robust double-digit growth in PPOP and PAT.

Gangwals to offload $450 million more of IndiGo stake https://ift.tt/oHwn5r6 Airlines' promoters, the Gangwal family, are selling $450 million worth of shares in a block deal through bankers Morgan Stanley, JPMorgan, and Goldman Sachs. The family is offering 5.6% of its shares at a floor price of INR 2,400 ($32.27) per share. Indigo had a net profit of INR 3,090 crore ($414.98 million) in Q1, with a revenue of INR 17,160 crore ($2.30 billion). At the end of June, it had a fleet of 316 aircraft and a 36.66% stake held by the Gangwal family.

Rare ARC seeks to aggregate Coffee Day Global loans https://ift.tt/QTGECSy Asset Reconstruction Company plans to become the top lender by buying Cafe Coffee Day chain operator's loans. Rare ARC is said to have offered to pay upfront 60-65% of the outstanding dues. Last week, Rare ARC acquired a loan of Coffee Day Global worth Rs 110.4 crores for Rs 68 crore. CCD has a debt of Rs 960 crores as of 2022.

Sophisticated portfolio strategy not enough, execution is where the rubber meets the road https://ift.tt/QpRjiOl the world of investing, having a sound portfolio strategy is not enough. Investors focus and spend too much time on selection issues – which fund to buy and which stock to sell. Execution gaps combined with dysfunctional investor behaviours nearly always lead to poor outcomes and may derail a well-conceived investment plan.

Move over Nifty50! Over 200 broader market stocks deliver multibagger returns since last Independence Day https://ift.tt/LyOAdWK investors who looked beyond Nifty have been handsomely rewarded. While Nifty has moved 1,736 points since the last Independence Day, which is a 9.8% gain, (Friday, August 12, 2022), the Nifty MidCap 100 has rallied 6,964 points or 22.61% and Nifty SmallCap 100 has traversed 2,241 points or 23.78%.

Warren Buffett's company invests in three homebuilders even as rates rise https://ift.tt/jNvDYTI were made during the second quarter, a down period for Berkshire's homebuilding and remodeling businesses such as Clayton Homes, Benjamin Moore paint and Johns Manville insulation as rising interest and mortgage rates slowed demand.

JSPL top steel pick yet again, SAIL's debt clouds prospects https://ift.tt/LhWYRkD brokerage firms have raised the target price for shares of Jindal Steel and Power by 8-18% while retaining their 'buy' rating on the stock, which fell 5.2% to ₹662.25 on Monday. Jindal Steel's operating profit surpassed estimates helped by lower raw material costs and other operational efficiencies, while its debt levels fell to a 15-year low even after the company spent nearly ₹1,900 crore on capital expenditure during the quarter.

Recent box office hits drive rebound for multiplex companies https://ift.tt/KUvW4Sa analysts are of the view that the momentum in box office collections will continue to remain unabated for the next few weeks, buoyed by the huge response to the Rajinikanth-starrer Jailer and the Sunny Deol-starrer Gadar 2 and two upcoming potential mass entertainers - Shah Rukh Khan-starrer Jawan and Ayushmann Khurrana's Dream Girl 2.

Asia stocks stall, yuan slips as China cuts rates https://ift.tt/ha4eL2o U.S. dollar hovered near 2023 highs on Asian currencies on a combination of rising U.S. Treasury yields and nervousness about the extent of crisis in China's property industry, which has been dragging down the yuan in spite of official resistance.

Yuan falls to lowest since November as Chinese economy sputters https://ifttt.com/images/no_image_card.png​​The currency has now tumbled about 5% this year, the worst performer in Asia after the yen.

Hot Stocks: Brokerages view on Nykaa, Adani Ports, Apollo Hospitals and LIC https://ift.tt/9kbKxnJ Oswal maintained a buy on Apollo Hospitals with a target price of Rs 5700. Apollo Hospitals (APHS) delivered operationally in-line 1QFY24.“We remain positive on APHS due to: a) its sustained healthy growth/ profitability in healthcare services, and b) efforts to achieve breakeven in Healthco during 4QFY24E,” said the note.

Goldman Sachs expects Fed to resume rate cuts in second quarter of 2024 https://ift.tt/MTlNois Sachs said it expected the U.S. Federal Reserve to start cutting interest rates in the second quarter of calendar year 2024 but warned of a significant risk that rates could hold steady if inflation doesn't cool fast enough.

Stocks to buy today: Top 3 short-term trading ideas https://ift.tt/mwfohPz the weekly front, the maximum Call OI is placed at 19,600 and then towards 19,500 strikes while the maximum Put OI is placed at 19,400 and then towards 19,500 strikes.

Positive Breakout: Page Industries & 6 other stocks cross above 200 DMAs https://ift.tt/ha4eL2o 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

At multi-year highs: These 3 stocks witness 5-year swing high breakout https://ift.tt/imOlVbg A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

At $96.4 billion, Mukesh Ambani is India’s richest and 11th in world https://ift.tt/ha4eL2o strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.

Baba Kalyani companies dispute Hikal disclosure to bourses https://ift.tt/ksIAqH9 Investment (BFIL) and Kalyani Investment Company (KICL) have accused Hikal of making "entirely inaccurate and misleading" disclosure to the stock exchanges, and told the exchanges that they are not a party to any family arrangement concerning equity shares held by them in Hikal.

Nifty faces stiff resistance at 19,500, likely to weaken further https://ift.tt/dMZXI1J like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.

Auto, pharma stocks offering margin of safety top funds' buy list in July https://ift.tt/hudovVr in the pharma and automotive sectors were among those that fit the bill. Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations. With first-quarter results encouraging, they bought into stocks like Dr Reddy's Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals.

Breakout Stocks: How GMM Pfaudler, Kalyan Jewellers, and Indian Overseas Bank are looking on charts for Monday https://ift.tt/mwfohPz the daily timeframe, GMM PFAUDLER was trading in a downward-sloping parallel channel. After gaining almost 10%, prices have given a breakout of the channel. We have shown the ADX indicator, which gives an indication if the stock is trending or in a trading range. The ADX of this stock is 39.43, indicating that the stock continues to trade with good momentum.

8 Indian stocks that match William J O'Neil's methodology of equity investing https://ift.tt/vgC7rjs founder, late William J O'Neil, was a stock market legend who pioneered the use of historical precedent based on both fundamental and technical analysis for equity investingBased on the idea of William J O'Neil, a custom screen made by MarketSmith emphasizes companies with strong earnings growth and relative price strength that are within 15% of their 52-week highs. It may be most effective in the early stages of a bull market when strong stocks are ready to emerge after general market pressure eases. Here is a list of 8 Indian stocks that fit in William J O'Neil's idea of equity investing, as listed on MarketSmith:

India's kharif crop planting area rises; paddy leading year-on-year https://ift.tt/tGApHV5, paddy sowing is at 328.22 lakh hectares, as against 312.80 lakh hectares same period last year. Notably, India in July amended the rice export norms by putting non-basmati white rice, a major export item, in the "prohibited" category.

Gold prices continue to slide amid strong Dollar and diminishing recession worries https://ift.tt/jq9KvkW about the US banking sector's health and weak Chinese economic data led to a haven shift towards the dollar.

Weekly Market Outlook: Nifty hints at consolidation amid rising volatility https://ift.tt/8GAc9sI was also expected that the current uptrend might stand disrupted and the markets may slip under corrective consolidation. The trading range again got narrower; against 499 points in the week before this one, the NIFTY oscillated in a 232.75 points range.

IPO Tracker: Epack Durables, RK Swamy file draft papers with Sebi for public issue https://ift.tt/Af7HGjs Durables is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, and had a market share of 29% in terms of volume in fiscal 2023. RK Swamy is one of India’s largest integrated marketing services providers, offering a single-window solution for creative, media, data analytics and market research services

Hawaii starts probe into wildfire handling, as toll hits 80 https://ift.tt/W9eLij8 attorney general Anne Lopez is opening a legal probe into the state's handling of wildfires that killed 80 people this week. The Maui county officials gave the updated death toll late on Friday, with 1,418 people currently at emergency evacuation shelters. Many citizens have criticised the official response to the tragedy, feeling abandoned and left to fend for themselves. Some, however, were joyous after finding their homes were intact, but all those who still have habitable properties have been warned that they may not be safe.

MSCI index rejig may result in $1.4b inflows into stocks https://ift.tt/IUMtyWg added 40 stocks to its Global Smallcap Index and removed 11. India has seen the maximum addition of stocks in the Global Smallcap Index within the Asia-Pacific region. Mrs Bector's Food, Neuland Laboratories, and Patel Engineering are among 40 stocks that will be part of the MSCI Global Smallcap Index with effect from August 31.

Funding remains biggest risk to merger, says HDFC Bank MD https://ift.tt/2UDJBg6 He has been in a sense the person who guided the institution, he created the entire financial conglomerate along with his esteemed colleagues of whom Keki Mistry and Renu Karnad have joined the board."

Deloitte may step down as auditor of Adani Ports & SEZ ahead of term https://ift.tt/medrqbO to one of the persons, a formal announcement is expected in the next three-four days. The firm was reappointed statutory auditor last year for a five-year period, according to the company's annual report for FY22.

ITC hotels could take up to 15 months to get listed: Puri https://ifttt.com/images/no_image_card.png​​​​Last month, ITC announced its board has approved in-principle the demerger of the hotels business where ITC retains 40% stake and 60% will be owned directly by the company’s shareholders proportionate to their shareholding in ITC. Puri said there is no change in economic interest of ITC shareholders in the new arrangement since they will hold 60% directly and 40% indirectly through their holding in ITC.

Special vostro funds exiting G-Secs not to cause a storm https://ift.tt/P4I0WjY July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupees. The settlement of trade transactions with other countries would require Indian banks to open Special Rupee Vostro accounts of correspondent banks of the partner countries.

These 6 large-cap stocks record their new 52-week high https://ift.tt/OIS0C75 Thursday's trading session, the benchmark index Sensex witnessed a substantial decline of around 307 points, closing at a value of 65,688. However, despite this market downturn, six stocks from the BSE large index achieved new highs within the previous 52 weeks. The 52-week high holds great significance for specific traders and investors, serving as a vital technical indicator to evaluate a stock's current worth and anticipate potential price fluctuations. This value represents the peak price at which a stock has been traded over the course of the last year.

New law on digital competition likely to regulate Big Tech https://ift.tt/JH1ebDS official committee under corporate affairs secretary Manoj Govil - set up to examine the need for any ex-ante regulatory mechanism for digital markets through a separate law and to study international best practices, among others - is set to complete the initial drafting of its report this month.

TVS Supply Chain Solutions raises Rs 396 crore from anchor investors ahead of IPO https://ift.tt/XgVRvlP company, in an exchange filing, said it had allotted 2.01 crore shares to 18 investors such as Franklin Templeton MF, SBI Life Insurance, Tata MF, Societe Generale, BNP Paribas, Copthall Mauritius Investments, Authum Investment, Aurigin Master, and Winro Commercial, among others.

Carlyle buys into Quest Global, invests $500 million https://ift.tt/auH3C65 equity firm Carlyle Group will acquire a 28% stake in Quest Global Services, an engineering and R&D services provider, for $500m, according to insiders. Quest Global's existing stakeholders, including Bain Capital, Advent Capital and the GIC of Singapore, will sell up. Quest, which has a client list including Airbus, BMW, General Electric, Pratt & Whitney, and Rolls Royce, will use the funds for acquisitions and initial public offerings over the next three to five years.

Investors with high risk appetite may bet on TVS Supply Chain https://ift.tt/XgVRvlP company follows an asset light model by using leased warehouses. The company works with 72 Fortune 500 companies. Some of the clients include Daimler, Sony, Panasonic, Hero Moto, TVS and Hyundai Motor. The top 10 customers contributed 38.8% to the revenue in FY23. The company derives nearly 70% of revenue from overseas

India, US mutually resolve 2 trade disputes: WTO https://ifttt.com/images/no_image_card.png“The circulation of the two panel reports is a formality given that the two sides reached mutually acceptable solutions to the disputes in July. The panel did not issue any findings on the claims made by them in the respective disputes,” said an official.

SBFC Finance public issue subscribed over 70 times https://ift.tt/8tloV0P qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor's portion was subscribed 49.09 times. Retail portion was subscribed 10.98 times.

GST collections: Tamil Nadu & Karnataka keep up with their impressive performance in South https://ift.tt/1ordU9h Andhra Pradesh recorded a single digit growth year-on-year in two of the four months this fiscal year, including July. In May, it managed to equal the national average growth rate of 11%. Out of four months, Kerala exceeded the national average in June and equalled it in May. In April and July, the coastal state fell below the national average, compared to the same period last year.

PB Fintech Q1 Results: Policybazaar parent’s loss narrows to Rs 12 cr; revenue jumps 32% https://ift.tt/8tloV0P company had reported a loss of Rs 204 crore in the year-ago quarter. The consolidated adjusted EBITDA was a positive Rs 23 crore for the first quarter, an improvement from negative of Rs 66 crore in the same quarter last year

It's tomatoes & onions on MPC's plate https://ift.tt/Ca6zJSd the last Monetary Policy Committee meeting in June, facts have changed thick and fast. Do the economists on the MPC take a leaf out of Keynes or latch on to central bankers' catchphrase during uncertain times - 'data dependent'?

EM stocks are having a moment as growth bets return https://ift.tt/Cc2xStX all points to evidence that local-currency bonds, which have been the standout trade in emerging markets this year, are now facing tougher competition from stocks. While investors including Bank Julius Baer & Co. and Brazil's Legacy Capital argue that there's still money to be made in debt markets, bigger gains will come from stocks.

Dream debut! Six IPOs in July offer listing gains of up to 94% https://ift.tt/IwEfkJP

Breakout Stocks: How are Cipla, Zomato and InfoEdge looking on charts for Monday’s trade? https://ift.tt/uYpQqEx that were in focus include names like Cipla which hit a record high and closed with gains of nearly 4%, Zomato rallied over 10% and Info Edge closed with gains of nearly 8% with a rise in volumes on Friday.

9 out of 10 worst-performing MFs have given better returns than FDs https://ift.tt/IwEfkJP

Commodity Talk: Gold may fall 1-2% in near term amid high volatility, says Naveen Mathur of Anand Rathi https://ift.tt/d9ZSg02 US data since the last FOMC meeting were mixed as the Manufacturing PMIs remain below 50 since the start of the year while labour market still remains tight as seen in ADP figures. Meanwhile, the non-farm payrolls continued to decline over the past 2 months, showing early signs of moderating Jobs growth

Mcap of seven of top-10 most valued firms erode by Rs 1 lakh cr; State Bank biggest laggard https://ift.tt/cl3TkVa the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation.

Inflation, extreme weather events could spoil the party for India Inc in Bharat https://ift.tt/P9VLkH8, inflation was high for most of FY2023. This means the earnings of low-income families —those in rural areas as well as minimum wage earners in urban areas — have broadly been stagnant. But a moderation in inflation, apart from factors such as increased government spend and a rise in incomes, is expected to aid consumer sentiment and, in turn, spending.

ICICI Bank gets RBI nod to increase up to 4% stake in subsidiary ICICI Lombard https://ift.tt/nVU3Qli, the bank, in its disclosure filed with the stock exchanges on May 28, 2023, had communicated that its Board of Directors had approved an increase in the shareholding in ICICI Lombard in multiple tranches by up to 4%.

Crude oil prices rise to 3-month high. What’s next? https://ift.tt/3QyWGHP Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices.

Rs 10,710 crore-worth block deals take place this week; Vedanta tops the list https://ift.tt/OZUCdJ5 stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.

PFC, HDFC AMC, Cummins likely to enter MSCI Global https://ift.tt/g0jTvYA First Bank is expected to see inflows of $200 million from global passive funds if included in the MSCI index. The stock has rallied nearly 48% so far this year. Power Finance, Ashok Leyland and Cummins India could see inflows of around $190 million each if these stocks are in the MSCI index.

Government explores live TV on phone without internet https://ift.tt/3QyWGHP telecom operators, however, are likely to strongly oppose the proposal as it will eat into their data revenue, most of which comes from video consumption, and hurt their 5G business case.

Inflation among top 10 factors affecting fixed income market https://ift.tt/O60cNdY to Dr. Poonam Tandon, Chief Investment Officer of IndiaFirst Life Insurance Company, fixed income instruments are a series of cash flows. They carry a fixed rate of return and maturity period. Fixed-income securities are issued by both government and private companies. They can be short or long-term. Those maturing before 365 days are known as money market securities. Long-term fixed-income securities have more than one-year maturity. Take a look at the top 10 factors affecting fixed income market:

Fortis board gives nod for diagnostic arm IPO, net profit drops 9% in Q1FY24 https://ift.tt/IsU7zcC was earlier called SRL Diagnostics, which was rebranded in May this year. Fortis Healthcare on Friday reported a 9% year-on-year (YoY) drop in net profit to Rs 122.5 crore in Q1FY24

Higher borrowing, deposit rates raise banks' funding costs https://ift.tt/iWG3Ztv say the cost of funds will continue to be on the rise for a few quarters till the entire deposit repricing cost is factored in. India's largest private lender HDFC Bank has seen the cost of funds rise nearly 100 basis points as compared with last year. For the lender, the cost of funds stood at 4% at the end of the June quarter versus 3.1% in the same period last year.