Credit platform BlackSoil raises USD 25 mn - over 1 year ago
"The rise of alternative credit has become a crucial factor in enabling growth for Indian startups, and BlackSoil intends to remain a preferred lender to support their expansion," the company said.
Economic Times

Latest banking crisis will be felt for years: JPMorgan Chase CEO - over 1 year ago
The current banking crisis will be felt for years to come, and the industry is not yet out of the woods, according to JP Morgan Chase CEO, Jamie Dimon. He highlighted that recent bank failures have caused a drop in the stock market, increased the possibility of a recession, and have significantly changed market expectations. The possibility of the Federal Reserve needing to keep interest rates high for longer than expected is a concern, and risks posing “storm clouds” include “higher inflation for longer” and “growing political risks,” he said.
Economic Times

US stocks muted as investors await economic data, Tesla gains - over 1 year ago
The Dow Jones Industrial Average rises 0.02%, the S&P 500 is up 3.91 points
Economic Times

What is a penny stock? To buy or not; All you need to know - over 1 year ago
You must have heard of stocks worth 3 or 4 rupees in the stock market that grew and made investors richer by lakhs in a day. These ultra-cheap stocks are called penny stocks. Here's all you need to know about 'Penny Stocks'.
Economic Times

Indian Energy Exchange trade volume dips 4% on-year to 9,212 m units in March - over 1 year ago
It achieved 9,212 MU overall volume in March 2023, including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said.
Economic Times

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results - over 1 year ago
It expects HCL to negatively surprise analyst expectations, while also seeing downside risks to demand
Economic Times

Britannia announces highest dividend payout in 3 years at Rs 72/share - over 1 year ago
The dividend payment by Britannia today could be to share the one-time profit it made in the December quarter from the sale of stake in French dairy subsidiary Bel SA.
Economic Times

Pakistan central bank raises key rate 100bps to record 21% - over 1 year ago
The key rate of the State Bank of Pakistan (SBP) now stands at 21%, its highest level ever, with consumer price inflation at its highest level recorded to date. Investors polled by Reuters had mostly expected a rate hike of 200 basis points.
Economic Times

Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer - over 1 year ago
The Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale of its assets after announcing the layoff of roughly 85% of its 750 employees last week.
Economic Times

Pakistan central bank raises rate by 100 bps to 21% to rein in inflation - over 1 year ago
The key rate of the State Bank of Pakistan (SBP) now stands at 21%, its highest level ever, with consumer price inflation at its highest level recorded to date. Investors polled by Reuters had mostly expected a rate hike of 200 basis points.
Economic Times

​Market Trading Guide: IDFC First Bank among 4 stock recommendations for Wednesday - over 1 year ago
Tuesday’s volatile trading session saw benchmark equity indices ending flat with Nifty holding 18,110 levels. Sensex added 37 points to close at 60,979. Nifty Auto and Nifty IT rose the most by up to 1%, while Nifty PSU Bank and Nifty Realty logged the highest losses of more than 1% each.“Nifty bears were active around the 18,200 level, and the index remained under pressure throughout the day. The index is stuck in a broad range between 17,900 and 18,200, and a break on either side will lead to trending moves. The options data shows aggressive writing at the 18,200CE strike, and the lower end support is visible at 18,000PE, where the put side has the most open interest,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Wednesday:
Economic Times

FPIs lap up FMCG stocks amid moderating inflation and expectations of margin expansion - over 1 year ago
The FMCG sector recorded an inflow of $928 million from FPIs in the past six months, which is the second highest after capital goods, which reported an FPI inflow of $1,080 million. FPIs have been net buyers of $644 million in the past six months.
Economic Times

What changes for your investments in FY24: All you need to know - over 1 year ago
The start of FY24 has brought a lot of regulatory changes that will impact your investments. From mutual funds to equity markets, let's see what all will change for investors in FY24.
Economic Times

European shares rise ahead of euro zone inflation data - over 1 year ago
European shares rose on Tuesday amid low concerns regarding surprise output cuts by the Organization of the Petroleum Exporting Countries and uncertainties regarding the European Central Bank's monetary policy plans. The pan-European STOXX 600 index rose 0.2%. Retail and real estate shares led the gains for the overall market while tech shares fell 0.1% as bond yields continued to rise on fears of inflation stemming from OPEC's decision to cut oil output by 1.16 million barrels. Investors waited for Euro zone producers' price report for clues on the ECB's monetary path.
Economic Times

Want to invest in Benjamin Graham style? Check out these 4 Indian stocks​ - over 1 year ago
Warren Buffett’s guru Benjamin Graham, best known for his book ‘The Intelligent Investor’, believed in focusing on the real-life performance of the companies he owned and the dividends received, rather than on chasing market sentiments. Based on the idea of Graham, a custom screen made by MarketSmith emphasizes securities that are cheap on a PE and price-to-book basis but still show signs of financial stability.Here are 4 stocks that match Graham's idea of stock picking, as listed on MarketSmith:
Economic Times

One last time? RBI likely to deliver 25 bps rate hike with a shift to 'neutral' stance - over 1 year ago
The central bank has so far raised the repo rate six times by a total of 250 basis points. It all started with an off-cycle surprise increase in May 2022 to tame inflation
Economic Times

Top Nifty IT stocks that analysts suggest buying and where they recommend hold - over 1 year ago
The Q4 earning season will get started with TCS announcing its result. This will bring IT stocks back in the limelight and action is bound to happen as IT was a sector which did extremely well in covid and it's the one which is stated corrected the first when market started tumbling from early 2020. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Credit Suisse faces anger at final shareholder meeting - over 1 year ago
Tuesday's shareholder meeting marks an ignominious end for the 167-year-old flagship bank founded by Alfred Escher, a Swiss magnate affectionately dubbed King Alfred I, who helped build the country's railways and then Credit Suisse.
Economic Times

April: A critical month for equity investors - over 1 year ago
An update on El Niño conditions will be available soon, potentially affecting agricultural production and the economy. Unseasonal rain has impacted the rabi crop
Economic Times

Top Nifty IT stocks that analysts suggest to buy and where they recommend hold - over 1 year ago
The Q4 earning season will get started with TCS announcing its result. This will bring IT stocks back in the limelight and action is bound to happen as IT was a sector which did extremely well in covid and it's the one which is stated corrected the first when market started tumbling from early 2020. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

After a swift ride in FY23, will auto stocks maintain speed in FY24 or slow down? - over 1 year ago
A strong growth in demand for passenger vehicles, particularly premium cars, has aided the earnings growth of four-wheeler makers and also prompted them to scale up capital spending and line up new launches.
Economic Times

Australia pauses interest rate hikes - over 1 year ago
The Reserve Bank of Australia has left interest rates on hold following ten successive rate hikes, which have angered homeowners struggling with increased mortgage repayments. The current interest rate is 3.6%, set to contain inflation; however, household inflation is sitting at 6.8%. As prices continue to rise, household inflation must come down without stifling economic growth and causing a recession. Market research suggests that one in five Australians are under "mortgage stress".
Economic Times

Markets to be guided by inflation, US interest rate scenario, geopolitical situation in FY24: Analysts - over 1 year ago
Inflation data, interest rates, geopolitical situations and general elections in 2024 are likely to influence equity trading in FY24, said analysts. Foreign fund trading activity and global trends will also impact markets. The first half of FY24 may be challenging, but the second half could produce better returns due to a projected reduction in inflation and interest rates. US inflation and its monetary response will significantly impact the direction of global and Indian markets, while geopolitical developments will also be crucial. Other factors to monitor include trends in the US dollar, international oil benchmark Brent crude and corporate earnings.
Economic Times

Tokyo stocks close higher after US gains - over 1 year ago
The Tokyo market started with gains on sound US shares, "but the upward energy soon lost steam", said strategist Minami Koura of Daiwa Securities."Blue-chip trading lacked a sense of direction ahead of the US jobs data for March due on Friday," she noted.
Economic Times

ETMarkets Smart Talk | Rate cuts appear to be a real possibility before December 2023: Vinayak Magotra - over 1 year ago
"April is a short time frame to predict where the market will go, but I believe valuations are returning to a more comfortable level following the recent correction, and we may see accumulation in high-quality stocks at lower levels."
Economic Times

This Nifty multibagger turns Rs 10,000 to Rs 4.7 lakh in just 10 years - over 1 year ago
Bajaj Finance is a deposit taking non-banking company. It has a diversified lending portfolio across retail, SMEs and commercial customers with significant presence in both urban and rural India. On a consolidated basis, the company has a franchise of 66.05 million customers.
Economic Times

These 4 midcap stocks that beat volatile markets have upside potential of up to 27%, according to analysts - over 1 year ago
While the nifty might have recovered, the broader market which went into a correction phase post Ukraine war continues to stay under pressure. A look at market breadth will show that the number of mid caps which have shed weight is far more than stocks which have gained weight. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Economic Times

Sentiment toward stocks hasn’t been this bad in years, says BofA - over 1 year ago
“Wall Street’s consensus equity allocation has been a reliable contrary indicator,” BofA strategists led by Savita Subramanian said Monday in a note to clients. “In other words, it has been a bullish signal when Wall Street strategists were extremely bearish, and vice versa.”
Economic Times

Momentum Pick: Up 28% in a year! Will IDFC continue to offer Street-beating returns? - over 1 year ago
Momentum indicators RSI and MFI are trading in a medium range of 49.1 and 54, respectively which indicates a likelihood of further upside. A number below 30 indicates that the stock is trading in an oversold territory while above 70 is indicative of the stock trading in an overbought zone.
Economic Times

10 high dividend-paying stocks for your FY24 portfolio - over 1 year ago
High dividend-paying stocks can help investors ride out volatile markets, especially in times of high interest rates and weak global trends. Here are 10 such stocks with high dividend yields that you may include in your portfolio for FY24. Source: IDBI Capital
Economic Times

Fundamental Radar: Attractive valuation, strong earnings makes Godrej Consumer an attractive buy - over 1 year ago
“Godrej Consumer domestic business has been reporting a double-digit CAGR over FY20-FY23E. The valuation is inexpensive for a business that is expected to report a 28% earnings CAGR over the next two years,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Economic Times

Megha Engineering completes 71% stake buy in Lanco Anpara - over 1 year ago
"The UP Power Corporation was the last among the regulators or agencies to give the go-ahead because it was a change in management. Other regulators such as the Competition Commission had also approved it. The money was transferred on March 31 and the control has now been transferred to MEIL," said a person familiar with the transaction
Economic Times

Megha Engg completes 71% stake buy in Lanco Anpara - over 1 year ago
"The UP Power Corporation was the last among the regulators or agencies to give the go-ahead because it was a change in management. Other regulators such as the Competition Commission had also approved it. The money was transferred on March 31 and the control has now been transferred to MEIL," said a person familiar with the transaction
Economic Times

New pricing formula to help city gas distributors expand margins - over 1 year ago
The Union government has provisionally kept the domestic gas prices unchanged at $8.58 per million British thermal units (mmBtu) while it is considering a potential change in the pricing formula. The current formula is based on the trailing 12-month average prices of the global gas benchmarks of the US, Russia, Europe and Canada. Based on this, the domestic gas price could be closer to $11 per mmBtu.
Economic Times

OMCs take a hit on Dalal Street as global crude prices spike - over 1 year ago
"OMCs saw a knee jerk reaction on Monday," said Hemang Jani, head, equity strategy, broking and distribution, Motilal Oswal Financial Services. "The spike in crude oil prices won't have an immediate impact, but if the prices remain elevated or head towards the triple-digit mark, it will have an aggregate impact not just on OMCs but the overall economy as well."
Economic Times

Jindal Steel, PNB, IDBI Bank among others may get AMFI largecap tag - over 1 year ago
AMFI announces reclassification of shares twice a year. AMFI will release the official list in the first week of July 2023 and the fresh list will be valid for August 2023 to January 2024.
Economic Times

S&P 500 ends higher as oil stocks rally; Tesla tumbles - over 1 year ago
The S&P 500 energy sector index surged after Saudi Arabia and other OPEC+ oil producers announced unexpected output cuts that could push oil prices toward $100 a barrel. Chevron Corp, Exxon Mobil Corp and Occidental Petroleum Corp all rallied strongly.
Economic Times

AMC stock slumps, 'APEs' jump after litigation deal - over 1 year ago
AMC investors suing the company accused it and several of its directors of violating a law by creating the preferred shares in an attempt to "eviscerate" the voting power of common stockholders who had not supported issuing new shares.
Economic Times

Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty - over 1 year ago
Investors were also assessing Monday's economic data, which showed U.S. manufacturing activity in March slumped to its lowest level in nearly three years as new orders plunged, and analysts said activity could decline further due to tighter credit conditions.
Economic Times

Stock Radar: A breakout from consolidation range could take GAIL India to fresh highs; time to accumulate? - over 1 year ago
Short-term traders can accumulate the stock in the range of Rs 100-105 for a target above Rs 120 levels in 1-2 months
Economic Times

Vedanta’s Ajay Goel joins Byju’s as CFO - over 1 year ago
Goel, who has worked in senior positions in firms such as Daiageo and GE, is joining Byju’s at a time when the company is in the middle of renegotiating conditions for its $1.2-billion term loan B or TLB even as its FY22 financials are yet to be filed.
Economic Times

IOC market share climbs to 43%, posts 'stellar' performance in FY23 - over 1 year ago
chairman S M Vaidya said the company's refineries clocked the highest-ever throughput of over 72.4 million tonnes in 2022-23, compared with 67.67 million tonnes in the previous fiscal year.
Economic Times

S&P 500, Nasdaq fall as inflation worries resurface; Tesla slides - over 1 year ago
Oil prices soared nearly 6% on Monday after Saudi Arabia and other OPEC+ oil producers announced further output cuts of around 1.16 million barrels per day from May
Economic Times

US FTC orders Illumina to divest cancer detection test maker Grail - over 1 year ago
Judge Michael Chappell, an administrative law judge at the agency, ruled last year that the $7.1 billion acquisition would not hurt competition. The FTC staff had appealed the decision to agency leadership.
Economic Times

UFC parent Endeavor Group to acquire WWE in $9.3 bln deal - over 1 year ago
Endeavor said the deal represents a contribution price of about $106 per share for WWE, which is about 16% higher than the stock's Friday closing.
Economic Times

CCI approves Haldiram Group merger plan - over 1 year ago
India's fair-trade regulator, the Competition Commission of India (CCI), has approved three deals, including a merger involving Dutch biotechnology company Koninklijke DSM, fragrance and flavour developer Firmenich International​, the demerger of the FMCG business of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food, and the sale of SBP Packagings to C-Flex India Entities. The CCI scrutinises deals beyond a certain monetary threshold in India.
Economic Times

Stock Radar: Buy Gail India for a target of Rs 124 in 1-2 months, says Ajit Mishra - over 1 year ago
"Gail India stock has been trading in a consolidation band of 80-110 levels for over one and a half years and currently hovering around the upper band of the same. Indications are in the favour of a breakout soon," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.
Economic Times

US stocks mostly rise as oil producers surge; Dow up 1.0% - over 1 year ago
Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May
Economic Times

​These 9 stocks record their new 52-week highs, do you own any? - over 1 year ago
On Monday, the benchmark index Sensex rose 115 points to reach the 59,106 level. In tandem with this upward trend, 8 stocks belonging to the BSE 500 index reached new 52-week highs — considered a crucial technical indicator by some traders and investors to evaluate a stock's current worth and predict its future price movements. The 52-week high indicates the highest price at which a stock has traded during the past year
Economic Times

US stocks open lower as oil output cut reignites inflation worries - over 1 year ago
Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May
Economic Times