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Non-institutional investors of Butterfly Gandhimathi defeat merger proposal https://ift.tt/9bEIscT of Butterfly Gandhimathi Appliances fell nearly 7% to close at ₹1,088.10, while CG Consumer Electricals declined half a per cent to close at ₹ 281.95.

To tap FPIs, govt plans to GIFT wrap masala bond issue https://ift.tt/UolH5m8 aware of the development told ET that in recent talks at the Gandhinagar-based GIFT City, the government, the Reserve Bank of India (RBI) and investors had discussed early plans regarding the quantum of the bond sale and other operational matters.

Q2 Results Tomorrow: What to expect from Britannia, Hero MotoCorp, Sun Pharma & Tata Steel https://ift.tt/a9h3W6D from these four, the other major earnings that will be tracked by Dalal Street investors are Adani Wilmar, Ambuja Cements, Godrej Consumer Products, LIC Housing Finance, REC Ltd, Indraprastha Gas, and Kansai Nerolac Paints

US says Putin seeking to 'take advantage' of Israel-Hamas war https://ift.tt/G7qQOdm United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war to reduce Western support for Ukraine, which it said requires continued backing from Washington to prevent Russian success. "Putin is very much trying to take advantage of the Hamas attack on Israel in the hopes that it will distract us... and that it will result in the United States pulling back its resources" from Ukraine, US Secretary of State Antony Blinken told a Senate hearing on supplemental national security funding.

Spandana Shpoorty Financial Q2 Results: Net profit zooms 127% to Rs 125 crore on business expansion https://ift.tt/m7GANwZ net interest margin for the quarter was at 14.1%, improved 113 basis points over the year-ago quarter. Its income for the September quarter grew 106% year-on-year at Rs 640 crore.

Q2 Results on Tuesday: What to expect from Bharti Airtel, L&T? https://ift.tt/DhyvF7B Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson Sumi Wiring, and Ajanta Pharma, among others will also detail earnings on Tuesday

Diamond houses hope to cut through slump in next four months https://ift.tt/S3DOQKq trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, is in touch with global mining giants like DeBeers for marketing assistance after putting a temporary ban on imports.

Oil and gas markets eye risk of war escalation https://ift.tt/S3DOQKq biggest risk to crude prices after the invasion remains any escalation to other regional powers. The Middle East supplies about a third of the world's oil and Iran, which backs Hamas and other regional militant groups, said over the weekend that the incursion "may force everyone to take action."

Goods demand fades, services holds out hope https://ifttt.com/images/no_image_card.png​Overall consumer demand is also expected to come under pressure from tighter monetary conditions and lesser pull from rural India. However, high-end consumption is expected to provide some support. "Inequality is playing out. Wherever there has been recovery, it's either been heavily biased towards the more affluent and upper-middle tiers or where it has been mass-based, there has been downtrading," said Abheek Barua, chief economist, HDFC Bank.

​NHAI awards two TOT bundles for Rs 6500 crore https://ifttt.com/images/no_image_card.png​TOT model has been developed to encourage private participation in the highway sector. Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT.​Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT, it said.

Cello World's Rs 1900 crore IPO opens on Monday. What GMP signals ahead of subscription? https://ift.tt/Ye6Etgq Cello World boasts an extensive product portfolio across three key categories - consumer houseware, writing instruments and stationery, and moulded furniture and related products.

Israel-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week https://ift.tt/OG4EysB US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength.

NTPC Q2 Results: PAT jumps 38% YoY to 4,726 crore. Co declares dividend of Rs 2.25/share https://ift.tt/OG4EysB consolidated revenue from operations for the said period stood at Rs 44,983.35 crore, which was up 1.8% from Rs 44,175.03 crore reported by the power company in the year-ago period. On a quarter-on-quarter basis, the revenue was up 4.4%, the company informed in its filing to the exchanges. The company had reported a revenue of Rs 43,075.09 crore in the June ended quarter.

Learn With ETMarkets: Choosing the right time frame in technical analysis https://ift.tt/mDjyhlB sought clarification: "Understood. Likewise, if I go to a higher timeframe, for example weekly, which represents a week per candle, there's no daily data available. So, where do I begin?"

Worst October for stocks in 5 years has investors exiting market https://ift.tt/5punYEi Street’s “fear gauge,” the Cboe Volatility Index, held above 20 for a second consecutive week after staying below the threshold more than 100 days. Bond volatility gave investors more reason to worry as gyrations of more than 10 basis points on Wednesday and Thursday put further pressure on an earnings season where companies that miss estimates are getting whacked

Honasa Consumer IPO to open for subscription on Oct 31 https://ift.tt/P0KdiCf from promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, Stellaris and Shilpa Shetty Kundra offered shares as part of OFS.

SBI aims to raise up to Rs 10,000 crore via bond sale https://ift.tt/klRde48, the coupon rates – or interest paid to investors – for SBI’s bonds are the lowest in the banking sector, as the lender witnesses firm demand for its debt offerings, given its government ownership and status as the country’s largest bank

Indian Bank Q2 results: Net profit soars 62% on retail growth https://ift.tt/zVwrf6d advances increased 12% to ₹4.92 lakh crore in September mainly due to a 14% increase in retail loans and a 16% growth in agriculture advances. Retail, agriculture and MSME make up 62% of the bank's loan book. Home loans grew by 13%, auto loans by 36% and personal loans grow 49%.

Pharma Q2 Preview: Cipla to see steady qtr; higher profit growth for DRL https://ift.tt/6GwDM5T could deliver healthy growth of 5% in the Indian business in the second quarter, but the US business is likely to witness pressure on account of lower Albuterol Sulphate sales. Revenue for the quarter is likely to grow at 13% year-on-year (YoY), according to an average estimate of three brokerages, and net profit for the same period is expected to rise around 19% YoY.

Supreme Court hauls up Sebi over show-cause after 10-year probe https://ift.tt/TjO7Zuy Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry into the delay and submit a report.

Breakout Stocks: How to trade BSE, Prestige Estates and Adani Total Gas on Thursday https://ift.tt/0lepuzN was up by 4.5% on Wednesday due to news of increasing transaction charges on the equity derivative segment from 1 November 2023. The stock has given a good run up from Rs 1420-1820 levels in the last 2 months so we would avoid fresh longs at the current levels as we can see some divergence in RSI.

Piramal gets premium for Rs 531 crore residual bad loans https://ift.tt/9lBARGw Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel and a Crowne Plaza unit. The deal was done at a premium, resulting in a profit of over ₹700 crore for Piramal. The loans were initially sold to Omkara ARC in a structured deal, with 15% paid in cash and the rest issued as security receipts.

Cello World sets Rs 617-648 price band for its Rs 1,900 crore-IPO https://ift.tt/9lBARGw OFS comprises the sale of equity shares by Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Pradeep Ghisulal Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod and Ruchi Gaurav Rathod.

Breakout Stocks: How to trade BSE, IPCA Labs, and CreditAccess Grameen on Wednesday https://ift.tt/rEMiAR6 that hit fresh 52-week or record highs, included names like CreditAccess Grameen, which was up over 7%, IPCA Laboratories, which closed with gains of more than 6%, and BSE Ltd, which also rose more than 6% to hit a fresh all-time high on Monday.

ETMarkets Smart Talk: Banks, defence, real estate, cement top sectors to benefit from economic expansion: Dr. Poonam Tandon https://ifttt.com/images/no_image_card.png"SIP flows continue to be strong despite global headwinds as the domestic economy is showing resilience. We are also seeing more NFOs being launched, especially in multi-cap, small-cap, and thematic space to plug in any gap in the product offerings. An investor should consider various factors for selecting a fund such as fund manager experience, performance history, expense ratio, type of scheme, assets under management and investment objective."

Better to stay away from IGL and MGL, say analysts https://ift.tt/ENVdogw the proposed road map by the Delhi government mandating a phased shift of all cab aggregators and delivery vehicles, to electric by 2030 seen impacting Indraprastha Gas (IGL), analysts are expecting its shares to continue underperforming in the near term. The company derives over 70% of its revenues from compressed natural gas (CNG).

UK-India FTA raises concerns among British rice millers https://ifttt.com/images/no_image_card.png​British rice millers such as Tilda and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and "polishing" the grains into the white product loved by UK consumers. But with India pressing for tariffs on white rice to be slashed, and little feedback from British trade officials, concerns are mounting for an industry that employs more than 3,000 people at 16 mills and processing plants scattered from Kent in southern England to Yorkshire in the north.

Q2 results, yield movement, FII flows among 7 factors likely to move market this week https://ift.tt/tJSPCbT benchmark indices ended the week with a net loss of over 1% due to factors such as rising US bond yields, firm crude oil prices, and weak earnings from IT companies. The upcoming week is expected to be volatile as several companies are set to release earnings and the October derivatives expiry is due. The Nifty 50 may trade within a range of 19,300 to 19,850, with the potential for a significant move in either direction

Stock pickers sidelined with world events overshadowing earnings https://ift.tt/7F5gb3A current earnings season is being overshadowed by macroeconomic forces such as conflict in the Middle East and surging Treasury yields. As a result, S&P 500 Index constituents are moving in unison as global events sway the markets. This is making it difficult for stock pickers to outperform their benchmarks, with only 37% of large-cap active managers outperforming their benchmarks as of September. Investors are now looking to Big Tech giants' earnings next week for signs of whether Wall Street projections are too optimistic.

US pushes UN to back Israel self-defense, demand Iran to stop arms supply to Hamas https://ift.tt/7F5gb3A US has proposed a draft resolution to the UN Security Council, stating Israel's right to self-defense and calling on Iran to stop exporting arms to militias and terrorist groups in the region. The resolution emphasizes the protection of civilians and the delivery of aid to Gaza. The US vetoed a previous resolution calling for humanitarian pauses in the conflict and justified the veto by stating the need for diplomacy on the ground.

SBI wants IL&FS to declare ITPCL value before debt rejig https://ift.tt/5riHuDX Bank of India (SBI) and IL&FS have different views on debt restructuring at ITPCL, the bankrupt financier's power joint venture entity. SBI wants an assessment of the liquidation value before signing on the proposal, while IL&FS, as part of its resolution framework, is not obligated to undertake a liquidation assessment for this asset. Last month, lenders approved a restructuring plan for ITPCL, with 59% of its debt classified as sustainable and the remaining 41% converted into non-convertible debentures. ITPCL operates a 1,200-MW power plant in Tamil Nadu.

RBI cautious on future price shocks, may hold repo steady https://ift.tt/hDnXBs4 Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. The MPC meeting also discussed the need to sustain and stimulate investment, projecting a GDP growth of 6.5% for FY24.

CreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore https://ifttt.com/images/no_image_card.png“We continue to witness robust business growth led by healthy new customer additions as we onboarded 3.36 lakh new customers in the second quarter," managing director Udaya Kumar Hebbar said. The NBFC-MFI's gross loan portfolio grew 36% year-on-year to Rs 22,488 crore while the customer base expanded 21% to 46.03 lakh at the end of September.

L&T Fin Holdings' Q2 net profit jumps 46% at Rs 595 crore https://ift.tt/hDnXBs4 company recorded its highest ever quarterly retail disbursements of '13,499 crore, up 32%, on strong growth across retail segments enabled by digital and data analytics. Retail portfolio mix now stands at 88% of the total loan book against the company's target of 80% by 2026.

Digital or physical, cash is not king for reserve ratio https://ift.tt/gG756z2 person aware of the development told ET that according to current classifications, banks' holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.

High & buy, it's Bajaj Auto on dips: Analysts https://ift.tt/t6NxyE4 the brokerages have raised the target price for the shares by 3-5%. The average target price for the shares is ₹5,490, estimates from Bloomberg showed. While this implies that the stock is unlikely to gain much from the current levels, the shares are showing strength on technical charts.

Rates near peak, one can lock some money into Piramal NCDs https://ift.tt/9qBK4Ol secured NCDs have a face value of ₹1,000 and investors can apply for a minimum of 10 NCDs. The issue has a base size of ₹200 crore, with a green shoe option up to ₹800 crore, aggregating up to ₹1,000 crore and are rated 'AA' by ICRA and Care.

Third wheel gives Bajaj Auto profits a leg up https://ift.tt/9qBK4Ol domestic 3w volume rose by 80% year-on-year to 1,32,236 units while the total volume dropped by 8.4% to 10.5 lakh units reflecting the weakness in the 2w category where the volume dropped by 18%. The share of 3w in the total volume increased to 12.5% from 6.4% a year ago.

Shreyas Shipping falls over 8% as delisting move fails https://ift.tt/gdskvmS Holdings, which held a 71.25% stake in the company, offered to repurchase shares at ₹400 each, but only 16.61% of shares were tendered, leaving a shortfall of 2.14 percentage points.

RBI fines ICICI, Kotak Mahindra Bank for not complying with norms https://ifttt.com/images/no_image_card.png​ICICI Bank has been penalised for contraventions pertaining to loans and advances-statutory and non-compliance with RBI directions on fraud classification and reporting, the central bank said on Tuesday. Kotak Mahindra Bank has been fined for non-compliance with directions on managing risks and the code of conduct in outsourcing of financial services by banks as well as failure to comply with RBI directions on recovery agents and customer service.

39 per cent capital cities in India have no active master plan: Report https://ifttt.com/images/no_image_card.png​The Annual Survey of India's City-System 2023 also states that mayors and councillors only have limited role in key municipal functions. The survey report, released on Tuesday by Union Housing and Urban Affairs Minister Hardeep Singh Puri here, says 17 per cent of cities have a mayoral tenure of less than five years, adding that a tenure of less than five years makes the position of the mayor largely "ceremonial and inconsequential".

Don't expect bumper rewards on card spends this festive season https://ift.tt/PDs95FT say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market.

Angel Tax: No assessment of startups registered with DPIIT https://ifttt.com/images/no_image_card.png​This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, "contentions of such recognised startup companies on the issues will be summarily accepted".

India is in a good place but global economy is getting weaker, riskier: ​World Bank ​chief economist ​Indermit Gill https://ifttt.com/images/no_image_card.png​In an interview with Deepshikha Sikarwar on the side lines of G20 finance ministers and central bank governors meeting in Marrakech, Morocco,​ Indermit Gill, chief economist, World Bank, said governments will have a tough time managing.

Hamas blocking evacuation of civilians in Gaza: IDF ahead of ground offensive https://ift.tt/T7mNc1J Israel Defence Force (IDF) has accused Hamas of preventing the evacuation of civilians in the Gaza Strip ahead of a potential ground offensive. The IDF claimed that Hamas fired rockets at Tel Aviv and southern Israel on Saturday night, and that it continues to target Hamas military targets. IDF spokesperson Jonathan Conricus stated that Hamas has issued warnings to civilians not to evacuate and has stopped convoys of people attempting to flee.

Time for Tata Steel, Hindalco to join metal rally; prefer Ashok Leyland to Tata Motors: Sanjiv Bhasin https://ifttt.com/images/no_image_card.png“Tata Motors, Maruti, TVS and Hero MotoCorp are all hitting new highs. But rather than Hero, I will go with Bajaj Auto. And not Tata Motors, I would put my money on Ashok Leyland. They have garnered more market share. Tata Motors is the institutional favourite but I would put my money on Ashok Leyland.”

Hamas attacks shatter Israel's kibbutz ideal https://ift.tt/ox86Xi5 of kibbutzim in Israel, which are located near the country's borders with Arab neighbors, are living in constant fear and panic due to recent attacks by Hamas and increased tensions with Hezbollah. Many residents have been displaced and are traumatized, with some expressing feelings of isolation and loss. The attacks have highlighted the vulnerability of these farming communities and shattered any sense of invincibility.

Finance minister Nirmala Sitharaman pitches for strong, quota-based IMF https://ift.tt/cqIdDeM her remarks at the IMF Board of Governors meeting here on the theme of 'Dialogue on Policy Challenges', Sitharaman expressed concerns about the slowdown in global growth. The IMF's steering committee has agreed on achieving a "meaningful increase" in quotas by the end of this year, its chair Nadia Calvino said. The committee also agreed on common priorities to safeguard financial stability, she said.

Western sanctions haven't curbed Russian oil profits, but the green energy transition could https://ift.tt/lFEy3pZ Western sanctions and price caps imposed on Russian oil exports, the country's revenues have actually increased due to rising oil prices and a squeeze on supply in global markets. The price cap restricts the sale of Russian oil to third parties and requires them to use services provided by G7, EU, and Australian entities. However, breaches of the cap have been reported, and Russia has reduced its reliance on Western services. Additionally, the long-standing challenges facing Russia's oil industry, such as the decline in output from brownfields and high carbon intensity, could have a sustained negative impact on its oil wealth.

Near-4,000% surge catapults one tiny biotech firm to record week https://ift.tt/Q6iIsgU of Tempest have come off that high in the two latest trading sessions as investor enthusiasm moderated and a broader market selloff in risky assets batters the high-risk biotechnology sector. The firm’s market value of $49 million on Friday remains more than 15-fold of what it was, before the jump.

Finolex Cables shareholders reject reappointment of Deepak Chhabria https://ift.tt/cB2mFOp Supreme Court bench led by Chief Justice DY Chandrachud on Friday ordered scrutiniser VM Birajdar to disclose the results immediately and said the National Company Law Appellate Tribunal (NCLAT) can pronounce the judgement later.

G20 greenlights multilateral development bank reforms, crypto rules https://ift.tt/7mvAPeD also adopted a road map for the regulation of crypto assets, marking significant progress on India's G20 agenda. "...The G20 finance track saw key achievements in several areas of India's presidency year," said finance minister Nirmala Sitharaman on Friday, briefing reporters on the outcome of the fourth and last G20 FMCBG meeting under India's presidency.

Power Grid, REC, PFC among select PSU stocks on fund managers’ September list https://ifttt.com/images/no_image_card.png​As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.

Populist expenditure may not hit govt's fiscal deficit targets: Goldman Sach https://ift.tt/uUYViGf government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.

India slips four ranks in global hunger index 2023; govt says flawed methodology https://ift.tt/uUYViGf report places India below its neighbours Pakistan (102), Bangladesh (81) and Nepal (69) in the index. It points out that India had the worst rates of wasting, with 18.7% of the children under five who have low weight for their height.

Golden Crossovers: JK Paper among 3 stocks signaling further bullishness https://ift.tt/8UzSigO

Gold firm ahead of US CPI data on cautious Fed approach https://ift.tt/VXjR2p0 Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank "watch and see" if its own policy rate needs to rise again or not.

Uncertainty, growth risks put Fed on cautious footing in September, minutes show https://ifttt.com/images/no_image_card.png"A vast majority of participants continued to judge the future path of the economy as highly uncertain," said minutes of a meeting where the U.S. central bank agreed to hold rates steady even as a 12-7 majority indicated in new projections that one more rate increase might be needed by the end of the year to ensure inflation returns to the Fed's 2% goal.

Equity mutual fund flows drop 30% in September https://ift.tt/kapK9VB mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).

Sterling & Wilson misses payments to lenders https://ift.tt/C1OTvLX present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.

TCS faces margin hit despite deal wins on growth concerns https://ift.tt/J5MIl3b top line growth despite robust deal wins suggests that execution milestones for these projects are set farther in future, which may raise concerns since it would strain profitability

Manappuram aims to de-risk cyclicality and allocation stress with microfin arm listing https://ift.tt/uUYViGf separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth.

Big Movers on D-Street: What should traders do with Ajmera Realty, Suzlon Energy, and ITI? https://ift.tt/fKjh5bt were broad-based gains in the market, but the midcap and smallcap segment saw more action on Dalal Street.

Birkenstock prices US IPO at $46 per share https://ift.tt/i18hFSp IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully diluted basis.

Nifty Realty hits 15-year high as traders ride bullish momentum https://ifttt.com/images/no_image_card.png"The rally in Nifty's Realty index broke its September high levels which is an indication of resumption of the uptrend in the segment," said Ruchit Jain, lead research analyst at 5Paisa.com.

BoE gives 3 years to clearing houses for inspection framework https://ift.tt/i18hFSp European markets regulator in October 2022 de-recognised six domestic clearing houses, creating hurdles for trading and management of billions of dollars' worth of international flows for the continent's banks operating in India.

Who is worried about FPI exits? Not Dalal Street https://ift.tt/AfPXEBj experts that ET spoke to believe that long term investors need to focus on the India growth story rather than feeling concerned over the FPI selling, which has more to do with global geopolitical issues

Mukesh Ambani reclaims richest Indian position https://ift.tt/JL4mjtR Gautam Adani, despite a 57% erosion in wealth, was ranked second in the list with a wealth of ₹4,74,800 crore. Last year, he was ahead of Ambani by ₹3 lakh crore.

Indices rebound on global cues, drop in US yields https://ift.tt/lGoLgnF Nifty rose 177.5 points, or 0.91%, to close at 19,689.85. BSE's Sensex climbed 566.97 points or 0.87% to close at 66,079.36. Both indices had fallen over 0.7% on Monday as the escalation in geopolitical tensions in the Middle East resulted in oil prices surging.

Competition authorities cannot look at coordinated enforcement action against international cartels: CCI chief https://ift.tt/FLgTYOS addressing the media about the BRICS International Competition Conference to be held in the national capital from October 11-13, she also emphasised that a memorandum of understanding (MoU) with various competition authorities is an important instrument that allows for cooperation and sharing experiences. To a query regarding enforcement against international cartels, the Competition Commission of India (CCI) Chairperson said that when it comes to enforcement, "we have to be very careful in terms of enforcement because each authority has its own legal framework".

Bear Attack: Israel-Hamas conflict spills onto Street https://ift.tt/cvze3jD Sensex dropped 483.24 points, or 0.73%, to close at 65,512.39 while Nifty declined 141.15 points, or 0.72%, to close at 19,512.35.

Israel-related stocks fall globally as war escalates https://ift.tt/OMCEhza assault has sparked fresh concern about geopolitical risks at a time when global financial markets already were grappling with the impact of higher interest rates and the slowdown in China's economy. Oil prices surged while US stock-indexes dropped.

Largecaps likely to offer best returns going ahead: Experts https://ift.tt/zHOBqr8 said whenever the market rebounds from the current weakness, large-cap stocks are more likely to outperform their smaller peers. This is because the valuations of mid-cap and small-cap stocks are considered stretched.

Shekel slumps despite $45-billion central bank pledge https://ift.tt/cvze3jD central bank said it would sell as much as $30 billion and extend up to $15 billion through swap mechanisms as part of an unprecedented program to support markets, according to a statement on Monday. The goal of operating in the market during the coming period is to smooth out volatility in the shekel's exchange rate and provide the necessary liquidity, it said.

TCS Q2 may reflect slowdown in spends despite deal wins https://ift.tt/cvze3jD operating margin (EBIT margin) is expected to improve by 70-90 basis points sequentially due to operating efficiency and absence of major salary increments as they were implemented in the previous quarter. The company reported an EBIT margin of 23.2% in the June quarter

Free to raise commissions, insurers push annuity plans https://ift.tt/cvze3jD insurance regulator has granted insurers the flexibility to determine commissions across their product range, allowing them to offer higher commissions to distributors for annuities compared to ULIPs and increase the sale of such products.

Govt eases status holder certification process for exports https://ift.tt/NKQUHic and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.

India mulls imposing 25% duty on molasses exports https://ift.tt/cvze3jD Indian government is considering imposing a 25% duty on the export of molasses due to an expected decline in sugar production. The move aims to increase the availability of molasses for domestic distilleries, helping them meet the government's ethanol blending target. India experienced a dry August, causing damage to the sugarcane crop in key cane-producing states.

Higher-for- longer rate stance may end early 2024 https://ift.tt/FBior6N the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift will take only slightly longer to transpire before they too synchronize downwards.

Markets may open lower on heightened geopolitical risks https://ift.tt/MSYITvW in Israel and the Middle East dropped on Sunday in response to the heightened tensions in the region. Israel equities plunged 5.8% at the time of going to print. Saudi Arabia was down 1.7%, while Kuwait and Qatar markets were trading weak.

'India, Tanzania to sign 15 agreements with eye on USD 10 billion trade' https://ift.tt/V43teXd and Tanzania are set to sign 15 agreements covering various areas of cooperation during President Samia Suluhu Hassan's visit to India. The visit aims to elevate bilateral relations to a strategic partnership and enhance trade and investment between the two countries. Tanzania expects an announcement on the extension of a water project, as India has contributed $1 billion in assistance for water projects in Tanzania. The visit also aims to boost trade volumes, with a target of reaching $10 billion in bilateral trade in the next three years. Defence cooperation is another focus area for the two nations.

US biggest export destination for Indian smartphones in Apr-Jul; UAE 2nd: Govt data https://ift.tt/unXgs3H US was followed by the UAE (USD 836.36 million), the Netherlands (USD 379.3 million), the UK (USD 336.27 million), Italy (USD 245.7 million), and the Czech Republic (USD 230.25 million).

Q2 results this week: TCS, Infosys, HCL Tech, Avenue Supermarts, Delta Corp and others https://ift.tt/1zHjnhQ than TCS, National Standard (India), Signatureglobal (India), Delta Corp, Samhi Hotels, Zaggle Prepaid Ocean Services, Plastiblends India, Justride Enterprises, and Sanathnagar Enterprises will also announce their Q2 results on October 11.

Corporate actions this week: Gujarat Themis Biosyn to go ex-split, RMC Switchgear ex-bonus and more https://ift.tt/gBSRZf7 stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union https://ifttt.com/images/no_image_card.png​Free Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, and the Association of Southeast Asian Nations. In 2019, New Delhi opted out of the Regional Comprehensive Economic Partnership at the last moment, mainly due to concerns over China’s undue benefits out of the proposed pact.

Bullish Bets: 6 smallcap stocks that can rally up to 25% https://ift.tt/ybOwqVY brokerage Axis Securities is bullish on a few smallcap stocks, sensing a potential to rally up to 25%. These stocks include JTL Industries, Kirloskar Brother, and CIE Automotive India. The brokerage believes that the Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. Take a look at the list of 6 stocks:

Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit https://ift.tt/38zdIcl “As the saying goes, ‘A healthy mind in a healthy body’ and this holds true for maintaining mental well-being in the bustling business landscape”

Mind Over Money: Krav Maga & meditation keep this MD & CEO of gaming company mentally fit https://ift.tt/38zdIcl “As the saying goes, ‘A healthy mind in a healthy body’ and this holds true for maintaining mental well-being in the bustling business landscape”

FPIs sell power stocks; buy capital goods in September https://ift.tt/mNuMO7s were buyers of shares in sectors such as capital goods, consumer services, financial services, and IT. Overall, foreign portfolio investors (FPIs) pulled Rs. 14,764 crore out of Indian markets in the month

Sebi urges civic bodies to fund infra via bonds https://ift.tt/QlCw5bi to sources, Sebi held a two-day outreach programme on municipal bonds and financing during October 3-4 at Jaipur with officials from the ministry of housing and urban affairs, the finance ministry, municipal corporations, stock exchanges, credit rating firms, merchant bankers, debenture trustees, lawyers, and institutional investors.

FY24 excise duty collection target may be cut by Rs 45,000 crore https://ift.tt/dTuPYcl Indian government may lower its excise duty collection target for fiscal year 2024 by ₹45,000 crore if crude oil prices remain high, according to sources. However, this revision is not expected to affect overall revenue as other resources can compensate for the shortfall. The final decision on any reduction will be made at the highest political level. The government wants to consider the impact of higher international crude prices and is monitoring the situation closely. It is also planning to cut taxes on fuels to reduce prices ahead of upcoming elections.

Work demand under rural jobs scheme rises in H1 https://ift.tt/2SLn9my 93% of the FY24 budgetary allocation of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been released, a person familiar with the details told ET. This has prompted the rural development ministry to seek "substantial" supplementary demands for funds to run the scheme throughout this fiscal year, he said.

RBI likely to maintain status quo on benchmark interest rate: Experts https://ift.tt/3H5J9Q6 predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI has kept the rate unchanged in the last three policy reviews and is expected to continue with the existing rate structure. The RBI's mandate is to ensure that retail inflation remains at 4% with a margin of 2% on either side. The MPC, headed by RBI Governor Shaktikanta Das, will announce the policy review on Friday.

Big movers on D-Street: What should investors do with Nestle, Maruti and Coal India? https://ift.tt/R6ZeFYu that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.

Asian shares come off 11-month lows as Treasuries rally https://ift.tt/TyF4UWG overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan's Nikkei climbed 1.2%.

Sebi forms panel for easing rules https://ift.tt/M34hYVy regulator said, following the budget announcement for FY24, it formed 16 working groups, under the aegis of its standing advisory committees.

Edelweiss Alternatives sells CNTL loan to ACRE https://ift.tt/BipEwFr, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.

Vedanta demerger plan credit negative: CreditSights https://ift.tt/Ga9DdwF has maintained its 'buy' recommendation for Vedanta Resources but said it would prefer April 2026 bonds of the company.

RBI may take OMO route for g-securities sales https://ift.tt/klROuYf jury is out on how the Reserve Bank of India (RBI) plans to solve this problem. Some analysts believe the RBI may dust off a toolkit unused since 2017 - of organising standalone large-scale open market sales of sovereign debt.

These 5 cement stocks gave up to 37% gains in Q1FY24 https://ift.tt/sEmW6oX per tonne reflects how effectively a cement company manages to turn its output into profits. The higher the EBITDA per tonne, the higher the profitability of the company and the higher the competitive advantages. These 5 cement stocks had the highest EBITDA/tonne in Q1 FY24: (Source: Stock edge)

At multi-year highs: Coal India among 4 stocks that saw 5-year swing high breakout https://ift.tt/Flg67LQ

US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India https://ift.tt/jqrzc54 combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.

Demerger unlikely to benefit Vedanta stock in near term https://ift.tt/u8N3nDC natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.

Engineers to be held accountable, face action for any pothole on highways: Govt https://ift.tt/u8N3nDC government aims to cover the entire national highway network under a perpetual maintenance contract to streamline the process and reduce delays. The initiative is urgent due to the high number of road accidents caused by potholes in 2021. The government also plans to involve engineering students in detecting potholes and identifying maintenance deficiencies.

Outlook on Wealth Management sector: Angel One, 360 One could give 10-20% return in 1 year https://ift.tt/u8N3nDC wealth management industry in India is expected to grow at a healthy rate over the next five years, with a focus on serving ultra-high net worth individuals (UHNIs), high net worth individuals (HNIs), mass affluent, and retail investors. New-age wealth management firms are integrating banking and lending services to provide comprehensive solutions. The use of technology, including AI-powered chatbots and digital platforms, is driving innovation in the sector.

Gandhi Jayanti: Drawing wealth management lessons from the three wise monkeys https://ift.tt/deftLsu wealth management places a premium on responsible investing, with a growing emphasis on environmental, social, and governance (ESG) factors. Thus, investors should aspire to "see no evil" within their portfolios, which can be accomplished by steering clear of investments in companies or industries that perpetuate negative social or environmental consequences.

London on cusp of becoming biggest stock market in Europe, again https://ift.tt/yaRjnT8 stock market is poised to regain its position as Europe's largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France's $2.93 trillion. This shift is driven by a slide in France's value amidst economic gloom in the Chinese market, while London is experiencing signs of investor bullishness for the first time in years. Factors contributing to the UK's positive outlook include a rally in oil prices, cooling inflation, and the potential for a weaker pound.

Popular Vehicles, Azad Engineering file draft IPO papers with Sebi https://ift.tt/UoKHcL5 Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Azad Engineering's IPO includes a fresh issue of up to Rs 240 crore and an OFS of Rs 500 crore. Under the OFS, Rakesh Chopdar, Piramal Structured Credit Opportunities Fund and DMI Finance will sell shares

M-cap of five of top 10 most valued firms decline by Rs 62,586 cr; TCS, Infosys biggest laggards https://ift.tt/xPys8L2 market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore. Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore. The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.

Updater Services IPO share allotment out. Here's how you can check status https://ift.tt/xPys8L2 company's shares are expected to get listed on the exchanges on October 3. Updater Services is commanding a premium of Rs 0 in the unlisted market, which indicates the stock is expected to see a muted to flattish listing. The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at close.