Category: Stocks

M&A suffers record decline in second half of 2022 as interest rate rises hit financing The number of megadeals worth more than $ 10bn fell sharply in 2022. (Representative image) Ivan Levingston, Ortenca Aliaj and Kaye Wiggins Global dealmaking suffered a record fall during the second half of this year, as rising interest rates […]

Indian shipping companies have traditionally been able to compete in the cross-trading market where geographically available. Post-COVID-19, global trade has been on a resurgence. From a quarterly low of $ 4.9 trillion in the second quarter (Q2) of 2020, the Q1 of 2022 hit a record $ 7.7 trillion, and expected to rise further. These […]

Current account deficit balloons to record $ 36.4 in September quarter India’s current account deficit in the fiscal second quarter rose to its highest since the taper tantrum of 2013 at 4.4 per cent of gross domestic product. The country’s current account balance recorded a deficit of $ 36.4 billion in the September quarter, up […]

Long-term investors could look to add some strong technology companies at a price correction The IT index has been one of the big under-performers with a decline of over 24 percent in the same period. (File image) PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for […]

Representative image Fundraising through public issues could see an uptick in 2023 as retail investors bet on attractive interest rates and companies look to diversify their funding portfolio under tightening liquidity conditions, bankers and analysts said. Indian companies raised around 5.38 trillion rupees ($ 64.95 billion) through private placements in 2022, largely aided by the banking […]

The company is developing around 12,000 apartments across these four projects. Debt-laden Supertech offered 9,705 flats across 18 residential projects to their owners without obtaining occupancy certificates from the respective development authorities, according to a report prepared by the realty firm’s interim resolution professional. The Interim Resolution Professional (IRP) Hitesh Goel has submitted the status […]

Prime Minister Narendra Modi’s administration will, on February 1, 2023, present its last full Union Budget before the 2024 General Elections. The Budget will come amid a raft of glad tidings domestically — India is the fastest-growing G20 economy, inflation has come off, and the Reserve Bank of India (RBI) is widely expected to call […]

Earlier this month, a 100 MW unit of the project started commercial operation, as per a BSE filing. PTI December 29, 2022 / 12:58 PM IST NTPC on Thursday said a 50 MW solar power capacity of Nokhra project in Bikaner will begin commercial operation from December 30. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

In a regulatory filing, the company said on December 22, 2022 and December 27, 2022, the plaintiffs voluntarily dismissed Dr Reddy’s Laboratories Ltd and Dr Reddy’s Laboratories, Inc. respectively, from the case. PTI December 29, 2022 / 11:33 AM IST Dr Reddy’s ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

“This century belongs to India,” Adani said during an interview with local news channel India Today late Wednesday. The first-generation entrepreneur also sees India becoming a green hydrogen exporter, adding that a government production-linked incentive plan makes the business viable and attractive. December 29, 2022 / 09:59 AM IST Gautam Adani Gautam Adani is betting […]

Indian stock markets outperform global peers for third consecutive year Indian equities went through extreme volatility in 2022 but managed to post a modest gain of over 5 per cent at a time most of the global indices are set to end the year deeply in the red. The MSCI India index, used by global […]

iNCOVACC is a recombinant replication deficient adenovirus vectored vaccine with a pre-fusion stabilized spike protein. (Representative Image) Two major vaccine makers from Hyderabad, Biological E Ltd and Bharat Biotech, together are holding about 250 million doses of COVID-19 vaccines ready to dispatch as and when orders are received. According to respective company sources, Biological E […]

The Bengaluru-based auto major unveiled Innova HyCross in November and it will be available at the dealership from mid next month. PTI December 28, 2022 / 01:56 PM IST Toyota Kirloskar Motor on Wednesday said the new hybrid version of its multi-purpose vehicle Innova will be available at a price starting from Rs 18.30 lakh […]

Justice Jyoti Singh observed that the petition was undoubtedly maintainable when it was filed in 2016 on account of Air India then being a public body but with the change of circumstance with respect to its ownership, the court is precluded from granting the relief sought in the present proceedings. PTI December 28, 2022 / […]

A display of iPhone 14 smartphones at the Apple Inc. Regent Street store in London, UK, on Monday, Nov. 7, 2022. Apple expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with its plans. Shares of tech giant Apple Inc slumped to their lowest […]

Market to remain bullish in 2023 as equities expected to scale new highs Indian stock markets are expected to scale new peaks in 2023, with the Nifty expected to cross 19,000 points, according to survey by the Economic Times of 33 money managers and analysts at various brokerages. While 42 per cent said they expect […]

Religare (Source: Shutterstock) Debt-ridden Religare Finvest Ltd (RFL) is hopeful of restarting its business operation in the New Year following the company’s proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed […]