Jobs World

A micro stock spikes 20% on big order from 'Rare Enterprise'; not us, say Jhunjhunwalas https://ift.tt/JY5owIT bulk deal data on the BSE showed a 'Rare Enterprise' as the buyer of about 90,000 shares of Him on Wednesday, triggering a 20% spike - the highest tradable limit of the day - in Him shares on Thursday.

Irdai ups scrutiny of broking deals, approvals take longer https://ift.tt/0964Ftj Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers within the insurance broking sector, leading to extended approval timelines. The regulator is examining general partners (GPs), alternative investment funds (AIFs), and venture capital/private equity funds associated with these transfers.

From IPO hot run to listing day fireworks https://ift.tt/grTp3wM media websites and broker notes suggest that four out of the five IPOs are likely to give investors listing gains.

RBI in CBDC talks with US, Hong Kong and Swift for cross-border payments https://ifttt.com/images/no_image_card.png"While the current practice involves settling transactions through traditional banking channels, CBDC could enable direct settlement between parties," said Mihir Gandhi, partner and leader of payment transformation, PwC India. "The advantages are substantial, but India will also need to address numerous challenges and proactively mitigate associated risks."

Hero Motocorp’s high-end shift earns it a D-St premium https://ift.tt/2W0gbcf Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever.

Tata Technologies IPO share allotment expected Tuesday. Here's how you can check status https://ift.tt/mu4iQHp company's shares are expected to get listed on the exchanges on November 30. According to market sources, Tata Technologies is commanding a premium of Rs 412 in the unlisted market. Considering the upper price band of Rs 500, the stock is likely to debut with a premium of 82%.

Tax saving & returns: A comparative look at how NPS fund managers performed https://ift.tt/mu4iQHp National Pension System (NPS) helps you to save tax in several ways. There are only 10 NPS fund managers at present and the table below compares their performance. The data has been provided exclusively to ET.

Is the stock market closed for Gurunanak Jayanti on Monday? https://ift.tt/mu4iQHp multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.

BSE comes out with new guidelines for shifting of SMEs to main board https://ift.tt/f0pzrYR addition, the SME should have a positive operating profit for at least any two out of three financial years and have a positive profit after tax (PAT) in the immediate financial year of making the migration application to the bourse.

'You'll die in this pit': Takeaways from secret recordings of Russian soldiers in Ukraine https://ift.tt/aQ1hjlm the war in Ukraine grinds into its second winter, a growing number of Russian soldiers want out, audio intercepts obtained and verified by The Associated Press indicate. Russian soldiers speak in shorthand of 200s to mean dead, 300s to mean wounded. The urge to flee has become common enough that they also talk of 500s - people who refuse to fight.

IOC, GAIL fined for second straight quarter for failing to meet listing norms https://ift.tt/f0pzrYR separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that appointment of directors was done by the government and they had no role in it.

Sebi looks to ease trading norms for company insiders https://ift.tt/i5DwKBM present, key managerial personnel or insiders are allowed to trade, provided they are not in possession of unpublished price sensitive information(UPSI).

5 IPOs steal the show this week: Check final subscription numbers, allotment and listing dates https://ift.tt/Mjotiw7 was a busy week for primary markets with five IPOs hitting the Street. Here's a brief look at closing subscription figures, allotment status and listing dates.

RBI could defer OMO sales with liquidity deficit at over 4-year highs https://ifttt.com/images/no_image_card.png"Pressure to carry out OMO sales has definitely come down significantly because liquidity conditions have stayed tight and more significantly it is the fall in core liquidity surplus that has played a prominent role in keeping liquidity conditions tight," said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.

Tur and onion growers may be paid via DBT for procurement https://ift.tt/fQSV5E7 now, the National Agricultural Cooperative Marketing Federation of India and National Cooperative Consumers' Federation of India Ltd - the two procurement agencies for pulses and onions - were making the payments to farmer federations or cooperatives, which in turn were paying the farmers. This process has been time consuming and so the government is planning to replace it with direct benefit transfer (DBT).

Private insurers gain market share in H1 https://ift.tt/ag8mRVh, private insurers grew the combined market share to 53.58% up from 50.81%, with a growth rate of 21.13%.

Banks spend big to get clients, not so to solve grievances: RBI DG https://ift.tt/LCx0pNW the need to protect customers by giving them efficient, prompt, and cost-effective grievance redressal mechanisms, Reserve Bank of India deputy governor M Rajeshwar Rao said the efforts of banks to provide timely solutions had not kept pace with the explosion in technology and products.

Sugar stocks sweeten gains on talk of supply shortages in key states https://ift.tt/ThgtpSJ of the 35 sugar stocks on the BSE, 30 rallied in Thursday's trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose 10%. Analysts expect further upside in some of these stocks.

Infra Financiers seek to raise Rs 30,000 crore https://ift.tt/2joBM0K aware of the developments told ET that NABFID is eyeing a bond sale worth up to ₹10,000 crore, while the Delhi-Mumbai Expressway aims to garner funds worth up to ₹3,000 crore.

Border crossings closed after vehicle explosion on bridge connecting New York and Canada https://ift.tt/A42EDUQ Niagara Frontier Transportation Authority posted on X, formerly Twitter, that all cars arriving at the Buffalo Airport would undergo security checks. The authority said travelers should also expect additional screenings.

UNICEF says Gaza world's 'most dangerous place' for children https://ift.tt/y0oZd1m executive director Catherine Russell told the UN Security Council that over 5,300 children have reportedly been killed in Gaza since Hamas' October 7 attack on Israel, accounting for 40 percent of the deaths.

Switzerland looks to ban Hamas https://ifttt.com/images/no_image_card.png"The Federal Council decided to draft a federal act banning Hamas, considering this to be the most appropriate response to the situation that has prevailed in the Middle East since October 7," the government said in a statement.

High Court ruling plugs personal insolvency loophole https://ift.tt/seFWnNJ ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. This order, along with the recent Supreme Court ruling on personal guarantees, would help creditors to exercise their rights.

Fed minutes anchor cautious policy approach amid more two-sided risks https://ifttt.com/images/no_image_card.png"Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committee's inflation objective was insufficient," the minutes said.

Israel went through a 'series of failures', will objectively look into them and learn lessons: Senior advisor to PM Netanyahu https://ifttt.com/images/no_image_card.png"How did Hamas manage to catch us off-guard? There were a series of failures on that day. First of all, there was the intelligence failure that we were not expecting the attack when it came and we were caught off-guard and we paid a heavy price in blood for that failure", a senior adviser to Prime Minister Benjamin Netanyahu told reporters in a webinar organised by Israel-Asia Center.

Confused and surprised at investor interest in F&Os, says Sebi chief https://ifttt.com/images/no_image_card.png"I must admit, I am always a little confused and surprised as to why people continue to do that (bet in futures and options) knowing that the odds are not in their favour at all," the Sebi chairperson said during a BSE event.

How to trade Tata Investment, Mankind Pharma and ITI on Tuesday https://ift.tt/hoj6Ln0, buying was seen in IT, telecom, healthcare and public sector stocks while selling was seen in auto, utilities, capital goods, and FMCG stocks.

IREDA’s IPO offers a renewable play on climate needs, so does a crowd of peers https://ift.tt/a4IAdwN With a loan book size of Rs 47,515 crore, IREDA lends to the sole sector of renewable energy in India thereby making it the country’s largest pure-play green energy financer. It has significantly improved asset quality over the past three years. The lender operates in a high-growth sector given the government’s thrust on green energy. Given these factors and a reasonable valuation, long term investors may consider the IPO.

Big Tech generated billions in fines but didn't pay them https://ift.tt/2zaxWCY data regulator confirmed to AFP that Meta has not paid any of the ₹2 billion ($2.2 billion) in fines issued since last September. TikTok also owes hundreds of millions.

Donald Trump vows to kill Asia trade deal being pursued by Joe Biden if elected https://ift.tt/eqJbQcC to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.

Why ETFs offer silver lining amid global uncertainty, inflation https://ift.tt/Jyo2Lwl In times of economic uncertainty and rising inflation, investors seek refuge in assets that can withstand the eroding effects of a depreciating currency.

Dalal Street week ahead: Nifty poised for gains, watch for resistance https://ift.tt/ctj4b8E, Nifty has rolled inside the improving quadrant of the RRG; this may lead to the large-caps starting to relatively outperform the broader mid and small-cap space over the coming weeks. A stable start is expected for the week; the levels of 19880 and 20075 may act as resistance points. The supports are likely to come in at 19535 and 19410.

China's influence in Central America advances at a gallop https://ift.tt/ITS3edn China's strategic efforts have led to diplomatic relations with Panama, El Salvador, Nicaragua, and Honduras. Central American nations, despite trade imbalances, represent a crucial market for Chinese tech exporters. As China invests in infrastructure projects, including stadiums and a 5G technology plan, concerns arise about potential "debt traps" and a shift in the region's geopolitical dynamics.

In ousting CEO Sam Altman, ChatGPT loses its best fundraiser https://ift.tt/uWftpLk co-founder of OpenAI, which caused a sensation just a year ago with the introduction of ChatGPT, Altman has presented himself as the benevolent wizard behind the curtain of a technology that many say could upend entire industries and even mankind itself.

Rajesh Exports fails to provide vital data, NSE asks it to clarify https://ift.tt/xqby5No exchange has also sought clarification about the auditor's report, which deviates from the format prescribed by Sebi.

Nvidia's record rally may be showing signs of overheating https://ift.tt/z3b4hOJ of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday.

Indices jump over 1% mirroring gains in global markets https://ifttt.com/images/no_image_card.png"The biggest reason for gains today is the favourable US inflation data along with the S&P, Dow and Nasdaq seeing its largest gain since April this year," said Aamar Deo Singh, head advisory at Angel One Broking.

IndusInd Bank, Paytm, Suzlon and 6 others to join MSCI Standard https://ift.tt/G9x4FQp the rebalance, the number of domestic stocks on the Standard Index will rise to 131, and India's weight on it could rise to 16.3%, up from the current 15.9%.

RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans https://ift.tt/p83DHyo month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding two years. The ban was lifted in August 2021.

India's Q2 GDP growth seen at 6.7% on strong services play https://ift.tt/TuvVRPg manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

Oil markets less tight than expected as supply climbs https://ift.tt/mifBjAp IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall during the fourth quarter. But it will be roughly 30% smaller than previously projected, at about 900,000 barrels a day.

Asia stocks rise ahead of US inflation data; yen stumbles https://ift.tt/eMjXLVP Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable.

Sebi nod for IPOs of Fedbank Financial, Epack Durables & Suraj Estate Developers https://ift.tt/mifBjAp regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.

Coal India pricing reasonable, still top pick post rally https://ift.tt/mifBjAp average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company's earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.

Govt looks to offload 5-10% in some public sector banks https://ift.tt/mifBjAp government is keen to take advantage of the sharp rally in share prices of public sector banks (PSBs) that are riding on much-improved financial performance and fundamentals. The stake sale can be conducted through the offer-for-sale route for lenders that are not inclined toward a rights issue, said people aware of the deliberations.

One year after FTX imploded, here's how crypto is changing https://ifttt.com/images/no_image_card.png"The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team," Kling wrote.

Bitcoin ETF craze drives 'nothing for sale' rally https://ift.tt/swlx2R0 rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried's FTX exchange a year ago from tomorrow.

Learn With ETMarkets: A complete guide to risk management in stock investing https://ift.tt/lQKvCgD those who struggle with the roller-coaster ride of the stock market, experts often recommend diversification as a way to mitigate risk. But is diversification the only solution? The answer is ‘No’.

ETMarkets Smart Talk: Why Mihir Vora thinks that domestic-focused sectors are likely to do better till Diwali 2024 https://ift.tt/seHqN2o 5-10% correction is pretty normal for equities, so I am not really perturbed by the same. It can be attributed to mostly global factors viz. the geopolitical situation in Israel and Ukraine, oil prices remaining high and interest rates in the western world continuing a rising trajectory.

Moody's downgrades US debt rating outlook to negative https://ifttt.com/images/no_image_card.png"In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody's expects that the US's fiscal deficits will remain very large, significantly weakening debt affordability," the agency said.

ET Explainer: Why the Fed may dash rate cuts hope https://ift.tt/oI4m3Kz key challenge that has emerged for the US Federal Reserve is to rein in aggressive economic growth spurred by extraordinary fiscal stimulus in the world’s largest economy during the Covid crisis

6 PSU stocks record fresh 52-week high on Friday_ rally up to 15% in a month https://ift.tt/okX8DrU

Piramal Enterprises swings to black in Q2 on loan growth https://ift.tt/qcGb8CV company reported a net profit of ₹48 crore in the quarter ended September from a loss of ₹1,536 crore a year earlier after adjusting for the one-time refund of ₹64 crore to investors of the Indiareit PMS as per the Delhi High Court order.

Pulses trade body to Centre: Revoke tur MoU with Mozambique https://ift.tt/CAFS5ai Indian Pulses and Grains Association (IPGA) said that one influential exporter in Mozambique has not been allowing other exporters to ship tur to India, thereby driving up the prices.

ESAF SFB shares to debut on Friday. What GMP signals ahead of listing https://ift.tt/BqVgid1 The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category was booked 173 times.ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers.

Protean eGov Tech IPO subscribed 23.86x https://ifttt.com/images/no_image_card.png​​The company could raise ₹490 crore at the upper end of the issue price band of ₹792. The retail investors' segment was subscribed 8.93 times.

Israel targets Gaza tunnel network; UN, G7 call for humanitarian pause https://ift.tt/d9KoGsx City, the Hamas militant group's main stronghold in the territory, is encircled by Israeli forces. The military said troops have advanced to the heart of the densely-populated city while Hamas says its fighters have inflicted heavy losses.

SBI raises dollar bond issue size to $1 billion amid fall in US yields https://ift.tt/fdlW3Cz is tapping the international markets second time this financial year. While $750 million is underwritten by global banks, an additional $250 million is made available through a green shoe option arranged by global banks including HSBC and JP Morgan.

Eye On Earnings: What to expect from United Spirits, Lupin, BHEL https://ift.tt/KwUDGAi than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday.

Ukraine makes the EU cut, but with conditions https://ift.tt/W6y3ZaJ move comes as the EU looks to inject impetus into its enlargement policy following Russia's invasion of Ukraine and Moscow's attempts to destabilize Europe.

D-Street indices gain nearly 1% on Fed signal, fall in US bond yields https://ift.tt/yxKtN7i Sensex gained 594.91 points, or 0.92%, to close at 64,958. NSE's Nifty rose 181 points or 0.94% to end at 19,411.

Bonds look much more attractive than stocks: Sonal Desai https://ift.tt/sWCG5X4 if you don't have a recession, the Fed might cut once a quarter. If they see a recession, they will cut faster, but without a recession, they might cut once a quarter. But I don't think the Fed will take rates all the way down to 2.5%. There's no reason to do that.

Byju’s in talks to sell US unit Epic for $400 million to Joffre https://ift.tt/kEdFKLv potential sale of Epic! Creations Inc. would help Byju’s raise funds to pay down a disputed $1.2 billion term loan, people familiar with the matter said. Other bidders, including Duolingo Inc., have also expressed interest in buying the platform, they said, asking not to be named as the information isn’t public.

IL&FS plans sale of some road assets as InvIT transfer faces hurdles https://ift.tt/AWQfoRk had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.

'India's neutral geopolitical stance to help attract FDI, overseas business' https://ift.tt/BAFVrbT India's neutral geopolitical position has benefited the country in terms of FDI flows and international business. Redirection of FDI into friendly destinations can be seen in the data and India is benefiting in particular relative to China with regards to FDI coming from the US, says Claudio Irigoyen, head of global economics research at Bank of America.

Assocham to organise B2B meetings with delegation from UAE https://ifttt.com/images/no_image_card.png​The meetings, themed 'Expanding Your Business Globally with SAIF Zone', are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. he B2B (business-to-business) meetings aim to provide city-based industrialists with a deep understanding of the benefits of establishing businesses in the free trade zones of the UAE and how Indian companies can capitalise on this opportunity to expand their operations and increase exports worldwide.

Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others https://ift.tt/zlghM70 Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7

Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading https://ifttt.com/images/no_image_card.png"While Nifty has just about managed to get back near the nearest reaction high, it is still below the 14-day SMA. In contrast, both mid and small caps have raced higher with the former now exactly at the 62% retracement from the peak, while the latter has pierced even that is closing in on the record peak, which is just about 1.5% away."

ASK Automotive IPO opens on November 7. Here are 10 things to know about the offer https://ift.tt/4NV8Zc2 lender has fixed a price band of Rs 268-282 per equity share for the IPO. Investors can bid for a minimum of 53 shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

3 points to consider while analysing companies based on fundamentals https://ifttt.com/images/no_image_card.png“How much I analyze, I would still not know better than the promoter who is managing the business day to day. I can only look at the numbers and then analyze. So if the promoter also has a really good interest in the company, he will actually try to increase the stake and not decrease. ”

14 Pakistani soldiers killed as militants ambush two vehicles carrying security forces in restive Balochistan https://ift.tt/7tISZnP to a statement by the Pakistan Army, the incident happened when terrorists ambushed two vehicles carrying soldiers from Pasni to the Ormara area of Gwadar district of the province.

Militants attack air force base in central Pakistan https://ift.tt/acOvPEG militants were killed before they entered the base and the other three had been cornered, the military said in a statement, adding that three grounded aircraft and a fuel tanker had been damaged thus far in the attack.

Finance ministry releases Rs 10,000 crore in urgent aid for NREGS https://ift.tt/EvYNCKD unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET.

RBI moots principle-based regulatory regime: Dy Guv https://ift.tt/BaKAx39 Reserve Bank of India (RBI) is transitioning toward a principle-based regulatory approach, offering broad guidelines to the entities it regulates while allowing for flexibility in how they achieve compliance, according to Deputy Governor Rajeshwar Rao.

Zurich Insurance to acquire 70% stake in Kotak General https://ift.tt/iQSweXy has agreed to pay ₹4,051 crore for 51% stake including fresh growth capital of up to ₹1,609 crore. The expected date of completion for the sale is June 30, 2024, for acquisition of 51% stake by Zurich and acquisition of an additional stake of 19% within a period of three years.

Time's right to buy g-secs with rates near a peak https://ift.tt/s5KVTjL, money managers believe conservative investors looking for regular income could lock into some of these bonds, which come in maturities ranging from a decade to as long as half a century.

Erratic rains force farm labour to stick to NREGS https://ift.tt/BaKAx39 demand for work under the government's rural job scheme, MGNREGS, has seen an unusual trend this fiscal year. While demand usually peaks in the summer months, it has grown rapidly during the monsoon season. Experts believe that erratic seasonal rains have prevented rural workers from migrating to farming, leading them to rely on the MGNREGS for employment.

Rupee closes at a new low on US rate worries https://ift.tt/jgFQTqn rupee settled at 83.29 per US dollar on Wednesday, a new record closing low. The local unit had settled at 83.25 per US dollar on Tuesday. So far in 2023, the rupee has depreciated 0.7% versus the US dollar. The rupee's previous record closing low was 83.28 per US dollar.

Dalal Street falls for a 2nd day on weak factory data https://ift.tt/jgFQTqn Nifty declined by 90 points, or 0.47%, closing at 18,989, while the Sensex witnessed a decline of 284 points, or 0.44%, settling at 63,591.

Sun Pharma's focus on specialty drugs pays off https://ift.tt/jgFQTqn company's revenues grew 11% driven by strong growth posted by the India business and the global specialty sales in the US. A third of the company's revenues is earned each from India and the US. Sun's market share in India increased from 8.3% to 8.4% for the year ended September 2023.

EPFO board approves framework for timely dissemination of information https://ifttt.com/images/no_image_card.png​The EPFO board also approved the Draft Audit Manual which will help standardize audit procedures, provide a training resource for employees, facilitate decision-making, and consolidate audit information in EPFO, the Ministry of Labour & Employment said in a statement. The decisions were taken at EPFO's 71st Foundation Day on Tuesday.