Category: Stocks

Billionaire Gautam Adani’s group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments (Singapore) Pte. “The businesses Adani is incubating and operating in — ports, airports, rail, logistics — they are real businesses that generate cash,” Vikas Pershad, a Singapore-based […]

Despite the guest list being trimmed, the number of weddings and dates chosen are increasing. Also, destination wedding is the flavour of the day (Representational Image) The $ 50-billion wedding market in India  seems to have rebounded from the pandemic woes with 3.2 million events lined up for the November 2022-Feruary 2023, making a sharp […]

Catherine Wood, chief executive officer of ARK Investment Management LLC, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 2, 2022. Photographer: Lauren Justice/Bloomberg Cathie Wood is holding on to her forecast of Bitcoin reaching $ 1 million by 2030 and the internet is in […]

Bikram Basu, VP of Marketing and Strategy at Allied Blenders & Distillers (Image: ABD) Around Rs 700 crore of the Rs 1,000 crore raised via fresh issue will be used to repay debt and balance Rs 300 crore of the IPO proceeds will go towards capacity expansion and brand building, Bikram Basu, VP of Marketing […]

Chinese authorities are poised to impose a fine of more than $ 1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving the revamp at Ant after […]

Union Commerce and Industry Minister Piyush Goyal The proposed free trade agreement (FTA) between India and the UK is a high priority for both the countries and the next round of negotiations for the pact is slated to happen next month, commerce and industry minister Piyush Goyal said on Tuesday. He said that things are […]

The government had initially budgeted 730 billion rupees for the job scheme and 200 billion rupees for the housing scheme. Reuters November 22, 2022 / 03:14 PM IST A person working under the Mahatma Gandhi National Rural Employment Guarantee Act or MNREGA scheme (Image by PradeepGaurs/Shutterstock) The Indian government will likely raise its allocation to […]

Representative image Anti-virus controls that are confining millions of Chinese families to their homes and shut shops and offices are spurring fears of further damage to already weak global business and trade. The ruling Communist Party promised on Nov. 11 to reduce disruptions from its zero- COVID strategy by making controls more flexible. But the […]

No fuel is more essential to the global economy than diesel. It powers trucks, buses, ships and trains. It drives machinery for construction, manufacturing and farming. It’s burned for heating homes. And with the high price of natural gas, in some places it’s also being used to generate power. Within the next few months, almost every […]

Recovery in domestic equities and stronger Asian currencies also supported the rupee. PTI November 22, 2022 / 03:59 PM IST The rupee appreciated by 12 paise to close at 81.67 (provisional) against the US dollar on Tuesday, as the American currency retreated from its elevated levels. At the interbank foreign exchange market, the local unit […]

Envision and Infosys will co-develop a cloud-based, modular platform that leverages AWS Cloud components of Infosys Cobalt to “digitise key processes that require a high level of human intervention” Infosys said the “modular and extensible” cloud-based platform will “digitise key processes that require a high level of human intervention” (Representative Image) Infosys has announced a […]

(AFP) South Korea’s prime minister urged unionised truckers on Tuesday to scrap plans to go on strike this week to spare the economy what he called paralysis and irreversible damage, fuelling fears for the post-pandemic recovery of global supply chains. For the second time in less than six months, the trucking union in major exporter […]

Karan Taurani, SVP-Research Analyst at Elara Securities (Image: Karan Taurani/LinkedIn) Trading and volatility in internet company stocks are in the expected lines, feels Karan Taurani, SVP-Research Analyst at Elara Securities. Speaking to CNBC-TV18 on the lock-in period expiring of new-age companies like Nykaa and Zomato, Taurani was firm that “path to profitability” was the key. Broad […]

Four companies were initially short-listed for the contract but one pulled out leaving Jindal, African Energy Resources and Minergy in a three-way race. Reuters November 22, 2022 / 09:58 AM IST Botswana has picked India’s Jindal Steel & Power Ltd as the preferred bidder in a tender to build a 300 megawatt (MW) coal-fired power plant, […]

A round-up of the biggest articles from newspapers 1. Indian equities decline for third consecutive session, Rupee weakens India’s benchmark indices have closed near their two-week lows and the Rupee weakened 0.2 percent against the US Dollar, due to rising COVID-19 cases in China and talk of rate hikes by the US Federal Reserve unnerved […]

The consistent financial performance and strong sector tailwinds make Safari a very interesting bet for the long term PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights Strong revenue performance in Q2 Margins a bit […]

A year-and-a-half after the NCLT approved Jet Airway’s resolution plan, the Jalan-Kalrock consortium has failed to pay up, forcing lenders to reevaluate their options, bankers say A process in August got six expressions of interest (EoIs) from banks for the purchase of these planes. The interest has made some bankers believe they can make a […]