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Russia close to cutting oil output due to drone attacks, sources say - The Economic Times
Transneft, Russia's oil pipeline monopoly, has warned producers about potential output cuts due to Ukrainian drone attacks on key export ports and refineries. These attacks have significantly impacted Russia's refining capacity and export capabilities, leading to storage restrictions and concerns about meeting production quotas.
Luxembourg says will recognise Palestinian State - The Economic Times
Luxembourg will recognize the State of Palestine at a UN summit next week, joining other nations like Britain and Canada. This move comes amid growing international condemnation of Israel's actions in Gaza, spurred by the increasing civilian casualties. The decision aims to revitalize the two-state solution, despite opposition from Israel and the United States, who argue it emboldens Hamas.
ETMarkets Smart Talk: Patience, discipline and consistent SIPs are the cornerstones of long-term wealth creation, says Ankur Punj - The Economic Times
Equirus Wealth's Ankur Punj advises investors to focus on disciplined asset allocation and consistent SIPs for long-term wealth creation, despite market volatility. He highlights GST reforms' potential to boost consumption and corporate earnings. Punj also suggests blending growth and value stocks, emphasizing that patience and diversification are key to successful investing.
Is the rally in small-cap solvent extraction stocks sustainable? - The Economic Times
Small-cap solvent extraction companies have seen significant gains due to high edible oil demand, ethanol blending, and supportive policies. However, analysts now advise caution, noting that valuations may be exceeding fundamentals. Risks like raw material price volatility and supply challenges could lead to corrections, suggesting investors consider booking profits or waiting for better entry points.
US consumers feel the heat as early signs of stress surface in credit health - The Economic Times
The findings present a contrast to the relatively upbeat tone struck by several of the countrys largest banks. Lenders have argued that consumers remain broadly stable and that the overall quality of their credit portfolios has not shown significant cracks. At the same time, wider economic data suggests the labour market is cooling, which could affect future repayment capacity.
Income Plus Arbitrage Fund: Wealthy investors turn to Income Plus Arbitrage Fund-of-Funds for tax efficiency and higher returns - The Economic Times
Income Plus Arbitrage Fund-of-Funds are gaining traction among wealthy investors and family offices due to their tax-efficient structure. With assets surging to ₹19,919 crore, these funds allocate just under 65% to fixed income and the rest to equity arbitrage. The appeal lies in long-term capital gains being taxed at a favorable 12.5% rate.
Fear at new low on D-Street. Is the worst of declines over? - The Economic Times
India's VIX index has plummeted to record lows, indicating reduced market volatility and increased investor confidence ahead of the US Federal Reserve's policy meeting. While this suggests a period of market stability, analysts caution against potential complacency, as low VIX readings can mask underlying risks and unexpected market corrections. Institutional investors are positioning for limited near-term movement.
Buy, Sell or Hold: Nuvama initiates coverage on Eureka Forbes; Religare Broking positive on REC - The Economic Times
Brokerages stay bullish: Nuvama starts Eureka Forbes with Buy (20% upside), Motilal Oswal reaffirms Biocon Buy (13% upside), Religare Broking positive on REC Ltd (22% upside) citing strong growth drivers.
Britain rolls out royal red carpet for Trump's state visit - The Economic Times
Britain is preparing a grand royal welcome for Donald Trump's visit. King Charles will host Trump at Windsor Castle. There will be a carriage ride, flypast, and state dinner. Security will be tight due to protests. The visit includes military ceremonies and a meeting with Prime Minister Keir Starmer. Discussions may cover tariffs, Ukraine, and Gaza.
India Inc funding: India Inc turns to non-bank routes for nearly half of FY25 funding - The Economic Times
Corporate India is increasingly diversifying its funding sources, with nearly half of the resources raised in FY25 coming from non-banking channels like equity markets and NBFC loans. While the total financial resources to the corporate sector saw a modest increase, bank credit demand declined, influenced by strong equity market performance and cautious lending.
Why Trump's push to nix quarterly reporting may succeed this time - The Economic Times
Donald Trump is again pushing to reduce how often companies report earnings. He wants them to report every six months instead of every three. Trump says this will save companies money. The Securities and Exchange Commission is considering the change. Some investors may not like the idea. They rely on quarterly reports.
MFs: Fund managers reshuffle portfolios in August, bet on auto, financials and IT counters - The Economic Times
In August, fund managers actively adjusted their portfolios, focusing on stock-specific opportunities. Significant shuffling occurred within the automobile sector, involving Maruti Suzuki, Mahindra & Mahindra, and others. Financial and IT sectors also saw rotations, with increased interest in Kotak Mahindra and ICICI among larger banks, while consumer saw Varun Beverages being bought and ITC and Hindustan Unilever being sold.
Just 48 hours ahead of big rate call, Senate approves Trump economic adviser to serve on Federal Reserve board - The Economic Times
The Senate confirmed Stephen Miran, a top Trump economic advisor, to the Federal Reserve board, raising concerns about the Fed's independence. The vote was largely along party lines, with Democrats expressing fears of political influence. Miran's appointment comes as the Fed is expected to reduce interest rates amidst economic uncertainty, with inflation above target and unemployment slightly elevated.
From Gaza to Europe: How one Palestinian outsmarted war, smugglers, and the Mediterranean using ChatGPT and a jet ski - The Economic Times
Muhammad Abu Dakha, a Palestinian, escaped Gaza for Europe. He paid to cross into Egypt and tried for asylum in China. After failing multiple attempts to cross to Europe, he bought a jet ski. He travelled with two others and was rescued off Lampedusa. He then travelled to Germany and applied for asylum. His family remains in Gaza.
gold loans: Gold loans turn safe haven for low-income borrowers - The Economic Times
Lower-income borrowers in India are increasingly favoring gold loans over microfinance due to soaring gold prices and stricter MFI lending practices. Gold loans have surged by 122%, driven by lower interest rates and a shift in perception towards gold as a mainstream financial tool.
How China is weathering the trade war with Trump - The Economic Times
Despite U.S. tariffs, China's global trade surplus is expanding, driven by increased exports to regions beyond America. While exports to the U.S. have declined, China is strategically redirecting trade and leveraging its dominance in rare earth minerals and soybean imports to exert influence. Internally, China faces economic challenges, including a real estate downturn and deflation, but maintains control over information.
Railway stocks: Railway stocks chug ahead on capex push, order wins - The Economic Times
Railway stocks experienced a surge on Monday, fueled by substantial order wins and the government's capital expenditure push. Ircon International and RailTel Corporation of India led the gains, driven by positive sentiment from recent project inaugurations and significant capex announcements. Analysts predict further near-term gains for select stocks, advising investors to exercise caution due to valuation concerns.
Auto or consumer? How DSP Mutual Fund's Vinit Sambre is picking stocks after GST reforms - The Economic Times
Vinit Sambre of DSP Mutual Fund anticipates a consumption revival fueled by GST, favoring autos, consumer durables, and lenders. While cautious on precious metals outperforming stocks long-term, he suggests equities will recover by late 2025. He highlights IT as a contrarian bet, expecting improved deal flows and growth amid light institutional holdings.
US, China close to TikTok deal in Madrid talks, Bessent says - The Economic Times
U.S. and Chinese officials convened in Madrid for six hours, addressing critical issues like TikTok's future, existing tariffs, and broader economic concerns. Treasury Secretary Scott Bessent indicated progress on TikTok divestment but highlighted challenges in other areas due to China's "aggressive ask." Experts remain skeptical of a major breakthrough, anticipating a possible extension for TikTok's U.S. operations divestment deadline.
Gold scales new high as dollar weakens ahead of Fed meeting - The Economic Times
Gold prices surged to a record high on Tuesday, buoyed by a weakening dollar ahead of the Federal Reserve's anticipated policy meeting. Expectations of a near-certain interest rate cut by the Fed further fueled the rally. Meanwhile, SPDR Gold Trust reported an increase in its holdings, reflecting growing investor confidence in the precious metal. Elsewhere, a U.S.
'Not satisfactory': After Nestle, Australia's Super Retail fires CEO over relationship disclosure - The Economic Times
Super Retail Group has fired CEO Anthony Heraghty. This is because he did not fully reveal details about a workplace relationship. The company's shares fell sharply after the announcement. David Burns is now the interim CEO. The board is reviewing the situation. Legal proceedings are underway. The company will defend its position. Investors are watching closely.
Iran warns Europe sanctions threat could derail nuclear site inspections - The Economic Times
Iran's Supreme National Security Council cautioned that European threats to reinstate UN sanctions could endanger efforts to restore international monitoring of its nuclear program. The Council stated that recent agreements with the IAEA, aimed at resuming inspections, would be suspended if hostile actions, including reimposing lifted sanctions, occur.
Yes Bank stake sale: SBI, private banks set to reap a big tax bonanza - The Economic Times
SBI and a group of private banks are poised to receive a tax exemption on ₹13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan's largest bank's entry into India.
US, China end first day of talks in Spain on trade, TikTok deadline - The Economic Times
U.S. and Chinese officials met in Madrid to discuss strained trade ties, TikTok's divestiture deadline, and U.S. demands for tariffs on countries buying Russian oil. Experts anticipate a TikTok deadline extension, with substantial breakthroughs unlikely without a Trump-Xi meeting. The U.S. is pressuring China and India to reduce Russian oil purchases through tariffs, while China seeks eased export controls.
Infosys Buyback: Market cheers Infosys buyback, but tax bite looms for investors - The Economic Times
Infosys has announced a mega share buyback. This has brought cheer to the stock market. New tax rules apply to this buyback. Individual shareholders now pay tax on the entire buyback amount. This is treated as dividend income. TDS applies. Investors can record capital loss. This can be set off against capital gains.
BlackRock unveils £500 million bet on UK data centers - The Economic Times
BlackRock Inc. is set to invest up to £500 million in the UK's data center market, coinciding with CEO Larry Fink's participation in President Trump's state visit. The asset manager has acquired a west London site to launch Digital Gravity Partners, focusing on underutilized data centers.
Asian Stock Markets: Asia stocks cautious as markets anticipate potential rate cut from US Fed - The Economic Times
Asian stocks began cautiously as markets anticipate potential rate cuts from the U.S. Federal Reserve and possibly the Bank of Canada this week. Investors are closely watching the Fed's future guidance amid economic concerns and President Trump's criticism. China's economic data and U.S.-China trade talks are also key factors influencing market sentiment, alongside oil price fluctuations and gold's near-record highs.
Nifty 50: Improving sentiment may take Nifty towards 25,500: Analysts - The Economic Times
Nifty 50 is set to climb towards 25,500. Market breadth is improving. Analysts suggest buying on dips, with support at 24,700. BFSI, auto, consumption, and metals sectors are likely to outperform. IT and infrastructure sectors present bargain-buying chances. Stocks like SBI, Axis Bank, TCS, and Maruti could see gains. Railtel and Persistent Systems also look promising for investors.
US official regrets detention of Korean workers in Georgia - The Economic Times
US Deputy Secretary of State Christopher Landau expressed regret over the detention of South Korean workers in Georgia. He assured that the returning workers would face no re-entry disadvantages. Discussions focused on appropriate work visa issuance, acknowledging Korean companies' role in US manufacturing. South Korea seeks a dedicated visa quota, addressing a frustration despite the existing free trade agreement.
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole - The Economic Times
Atul Bhole from Kotak Mutual Fund suggests that the Indian stock market's risk-reward is now favorable after a period of correction. He recommends deploying cash into equities, anticipating double-digit earnings growth driven by government reforms, GST, and addressed liquidity issues. Despite underperforming other markets, domestic flows remain strong, making IT sector a contrarian investment opportunity.
Aavas Financiers: Aavas Financiers stock sees 7% gain amid attractive valuations - The Economic Times
Aavas Financiers' stock is recovering after a subdued June quarter, fueled by expectations of improved loan disbursement and attractive valuation. Despite a change in disbursement recognition policy impacting AUM growth, the company anticipates double-digit growth, driven by branch expansion and controlled credit costs. Analysts have revised target prices, with some upgrading their ratings on the stock.
FAA seeks over $3 million in fines from Boeing over safety lapses - The Economic Times
The FAA is seeking $3.1 million in fines from Boeing for safety violations occurring between September 2023 and February 2024, including those related to the Alaska Airlines door plug incident. The FAA identified hundreds of quality system violations at Boeing's 737 factory and Spirit AeroSystems' factory.
Nepal's New PM Sushila Karki vows to heed Gen Z protesters after deadly unrest - The Economic Times
Sushila Karki became Nepal's interim prime minister. She promised to address corruption following youth-led protests. Demonstrations erupted due to a social media ban and economic issues. The unrest resulted in numerous deaths and injuries. Army Chief Ashok Raj Sigdel and President Ram Chandra Paudel negotiated Karki's appointment. Activists nominated Karki through Discord.
Tata Chemicals features in Motilal Oswal’s top 3 trading bets. Check other names - Breakout Watch | The Economic Times
The Nifty is on the cusp of a potential breakout from a Symmetrical Triangle pattern on the daily charts — a formation that typically signals a strong directional move. The index continues to trade above both its short-term and long-term moving averages, which have begun to slope upward, offering a bullish undertone to the market’s technical setup.With momentum indicators also turning constructive, domestic brokerage firm Motilal Oswal has highlighted its top three picks, based on the technical outlook, that traders can keep on their radar. Breakout Watch
IPO rush: Over a dozen cos eye Rs 10,000 cr amid policy push, favourable liquidity - The Economic Times
Over a dozen companies are gearing up to launch their IPOs over the next two to three weeks, aiming to raise nearly Rs 10,000 crore, buoyed by supportive policy measures, including GST 2.0 reforms, and the RBI's monetary policy easing through rate cuts.
Sectoral and thematic mutual funds delivered upto 6% in last week. Check top performers - Weekly performance | The Economic Times
Sectoral and thematic mutual funds have offered upto 6% return in last week. There were 578 funds in the said time period, of which 543 gave positive returns, 33 gave negative returns and two failed to deliver returns. Here are the funds which delivered returns over 3.50%. (Source: ACE MF) Weekly performance
Infosys and RIL among 10 stocks owned by over 500 mutual funds in August - Most Favourite Stocks | The Economic Times
Favourite stocks are those based on the maximum holding count by mutual fund schemes for each stock. Here are the top 10 stocks owned by over 500 mutual fund schemes in August, according to data by ACE MF. Most Favourite Stocks