A third-generation entrepreneur, Farah Malik Bhanji leads the 72-year old company and has driven modern retailing at Metro Brands. The company reported a strong 68% growth in turnover in FY22 and an 18% growth in the 9 months ended December 2022.

The markets are enjoying good momentum after its recent slump, with the Nifty ending the day on Monday with smart gains.

First, and as detailed in my earlier column arguing that the Fed should not downshift from 50 to 25 basis points on Feb. 1 (as it subsequently did), the central bank seems to lack a comprehensive assessment of policy risks in today’s inherently fluid domestic and global economy.

The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,734, down 119 points or 0.67% from the previous close.

Stocks that were in focus include names like Mahanagar Gas which was up nearly 9%, Power Finance Corporation was up over 4% and Eicher Motors closed with gains of over 1%.

While many investors had worried that the Fed would consider higher rates for longer than previously expected, "hearing it directly from Powell is a little different to inferring it from the data," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.

The blockbuster week of central bank meetings and speakers rolls on later in the day, with the Bank of Canada setting policy and European Central Bank President Christine Lagarde speaking.

A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at -106 basis points, its deepest since August 1981, according to Refinitiv data. Such an inversion is seen as a reliable recession indicator.

ZEE Studios and IPRS (Indian Performing Right Society) have entered into a settlement agreement by which all disputes and claims have been settled. IPRS has agreed to withdraw the insolvency petition filed by them.

The short term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance of 17800 levels, there is a possibility of further consolidation or minor downward correction in the short term, before showing further up move. Immediate support is placed at 17600 levels.

While many investors had worried that the Fed would consider higher rates for longer than previously expected, "hearing it directly from Powell is a little different to inferring it from the data," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.

"Ethanol blending is going well. Oil Marketing Companies (OMCs) have started dispensing E20 fuel in about 100 outlets in 31 cities in the country. We have started E20 fuel, if it goes well then the requirement will be more," Additional Secretary in the food ministry Subodh Kumar said.

New orders may include biz process services and digital transformation programmes

The big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards.

The stock's resilient performance can be attributed to the company's sustained business momentum, stable asset quality and comfortable capital adequacy. The company is currently in the process of digitising business activities, which is expected to improve customer acquisition and servicing. This together with healthy asset quality and loan growth is likely to support the stock in the medium term.

Shriram Housing Finance had assets under management (AUM) of Rs 7,200 crore at the end of December. Baring PE Asia had previously been among the major contenders to acquire ICICI Home Finance, a deal that didn't materialise.

"Many categories have been digitised which has resulted in increased spends from existing customers using their credit cards," said Rama Mohan Rao Amara, MD & CEO, SBI Card.

The survey was initially planned to be conducted during the period January-December, 2020 but the field work was extended till August 15, 2021, due to the Covid-19 pandemic. The NSSO carried out the survey covering the entire country in its 78th round. The survey said that 34.9 % persons aged 15-29 years were in formal and non-formal education and training for the 12 months preceding the survey.

"We wish to update that all the conditions stated under the Scheme for making it effective have been satisfied, and hence the Scheme is now effective from the Appointed Date i.e. October 1, 2021, as specified thereunder," it said. The six companies -- APML, APRL, UPCL, REL, REGL and APMuL -- now stand amalgamated with APL, it added.

Lenders of the Mumbai-based onshore petroleum extraction company have unanimously voted for IOC's resolution plan, which equates to a 46% recovery for financial creditors, two people aware of the development told ET. IOC has also offered to share the revenue earned from oil and gas exploration with lenders for 15 years, they said.

Based on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a markup of 8.5% to NARCL's offer. However, no counter bids came under the Swiss Challenge.

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 18% and 28% as per analysts’ price targets.

In an oral order, the bench directed Suraksha to form a committee to immediately start construction, monitor the day to day progress of the construction and file a monthly update with the court. The full order was yet to be uploaded on the court website, till press time.

The Dow Jones Industrial Average fell 3.13 points, or 0.01%, at the open to 33,428.31.

"In continuation of promoters’ commitment to reduce the overall promoter leverage backed by Adani listed company shares, we would like to inform you that we have prepaid share backed financing of Rs 7,374 crore ($902 Million) ahead of its latest maturity in April 2025," the company said in a media statement.

Indian equity markets have made a smart recovery in the last two trading sessions on the back of strong global trends. Before taking a breather for Holi, Sensex rose 415 points, while Nifty advanced 117 points on Monday. Barring PSU banks and realty, all sectors ended in green"Technically, the Nifty closed within the falling channel following an intraday breakout from the said channel. Further, a shooting star kind of candlestick pattern has formed on the daily chart, suggesting a bearish reversal. A fall below 17650 may trigger a steep correction in the market. While a sustained trade above 17750 may induce buying in the market," said Rupak De, Senior Technical Analyst at LKP SecuritiesHere are stock recommendations for Wednesday:

Nifty opened gap up and traded higher throughout the session on back of pre-festive mood to close with gains of 117 points at 17,711 levels. Except PSU Banks and Realty, all sectors ended in green.Experts say that the positive momentum will continue in the near term with Nifty making a smart recovery in the last two sessions

GQG Partners has bought shares worth Rs 15,446 crore in four Adani group companies, marking the first major investment in the Indian conglomerate since short-seller Hindenburg's critical report sparked a stock rout

Nifty opened gap up and traded higher throughout the session on back of pre-festive mood to close with gains of 117 points at 17,711 levels. Except PSU Banks and Realty, all sectors ended in green.Experts say that the positive momentum will continue in the near term with Nifty making a smart recovery in the last two sessions

The global investment bank has maintained an ‘overweight’ stance on India, with a Sensex target of 70,000, representing an upside of 17% from current levels.Matthews said that the DII (domestic institutional investors) investment is hitting record highs quarter after quarter and that foreign ownership has also bounced back from decade lows 18.4% in June last year

GQG Partners has bought shares worth Rs 15,446 crore in four Adani group companies, marking the first major investment in the Indian conglomerate since short-seller Hindenburg's critical report sparked a stock rout

As part of the RBI’s ‘Reconstruction Scheme 2020’, a consortium of eight banks led by government-owned lender State Bank of India (SBI) executed equity commitments in the bank. SBI initially bought shares worth Rs 6,050 crore for a 48% stake in Yes Bank at a consideration of Rs 10 per share

Hotels and airlines are the ones which see a busy season normally in the third quarter. Both holiday travel and leisure travel are at their peak during this period. However if one goes by how airline fares have shot up even for summer months of 2023 and hotel rates which have gone up, thanks to G-20 meeting and related events, both sectors could throw a surprise.

It has been more than a month since Nifty and volatility become synonyms. Whether it is due to rising interest rates or due to pressure on Adani stocks, volatility has been the order of the day. In such times, a few stocks from the mid-cap category, have been able to keep their head above water, as they have been able to rise marginally in a market where the majority of stocks have been coming under pressure. 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 market.

Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees

If you make smart investment choices, your money may increase in value and outpace inflation. For this to happen, an investor must use the potential of compounding and trade-off between risk and return.

The most important single factor impacting equity markets now, globally, is the high inflation in the developed world, particularly the US, and the hawkish monetary response from the Fed.

Bernstein said that the operating environment for Indian banks remains the best in a decade, maintaining its bullish view on the sector. The brokerage sees HDFC Bank, Axis Bank and SBI to outperform, while it expects Kotak Mahindra Bank and ICICI Bank to perform in line with the market.

If you make smart investment choices, your money may increase in value and outpace inflation. For this to happen, an investor must use the potential of compounding and trade-off between risk and return.

If you are one of those investors who follow the investment philosophy laid down by Warren Buffett, who is undoubtedly one of the best stock pickers in world history, then a custom screen made by MarketSmith can prove to be useful. The filter lists out Indian stocks that fit the formula of picking stocks according to Buffettology.For the year, the conglomerate’s operating earnings totaled $30.79 billion. That’s up 12.2% from $27.45 billion in 2021. Meanwhile, Berkshire’s cash hoard grew to $128.65 billion in the fourth quarter of 2022 despite rising inflation and supply chain disruptions, including the war in Ukraine.Here are 10 stocks that match Warren Buffett’s style of investing, as listed on MarketSmith:

Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout.

The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework. The move comes into effect from March 8, according to the circular available with the exchanges.

The Ministry of Road and Transport has identified a list of projects aggregating to 1,750 km to be monetized through ToT and InVIT in FY23. India’s National Highways Infra Trust (NHAI InVIT) is planning to raise Rs 75-80 b by monetizing the next tranche of six road assets by March 2023.

A basket of the MSCI Asia Pacific Index’s members with the highest proportion of women in management posted average five-year returns that were four percentage points higher than the benchmark, the report found.

NSDL data shows that the worst sell-off was in the oil and gas sector, with a net outflow of Rs 4,973 crore, followed by power (Rs 2,848 crore) and metals (Rs 2,642 crore).​

Concerns over the exposure of Adani Group companies to the banking sector slightly receded last week on the back of the Rs 15,446-crore, or $1.87-billion, fundraising exercise to US-based investment firm GQG Partners.

Short-term traders can look to buy the stock now or on dips for a possible target of Rs 35 in 2-3 months, suggested experts.

These are Adani Enterprises, Adani Green Energy, Adani Transmission, and Adani Total Gas, according to the release by NSE Indices. Besides the Nifty Alpha 50 index, these 4 stocks, along with Adani Ports will also be removed from the Nifty100 Alpha 30 index.

The survey was conducted by MYRE Capital, a neo-realty investment platform, to understand the investment behaviour and financial decision pattern of over 5,200 women across Tier I and Tier II cities