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Fundraising Goal: Tata Comm taking sustainable route for $1 billion fundraising goal - The Economic Times
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
adani group stocks: Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings - The Economic Times
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
Should Nifty bulls 'sell in May and go away', not return until election result day? - The Economic Times
Nervousness on Dalal Street as Nifty bulls debate 'Sell in May and go away'. Positive April returns trigger unease. US Fed meeting hints at rate cut projection. Analysts advise capitalizing on Nifty dips for buying opportunities.
Kotak Equities initiates coverage on Mamaearth, cites 3 key differentiators - The Economic Times
KIE attributed Honasas success to its strong marketing acumen, flair for spotting emerging trends and capitalising on them, and nimble execution, however, also lists potential key risks of further deceleration in ME growth and a rise in competition from traditional BPC players/platforms.
FOMC meeting: Fed meeting outcome today: How it may impact Indian stock market - The Economic Times
Federal Reserve's decisions, especially on interest rates, have a profound impact on global markets, including India. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it wont have an impact on the Indian markets. But that would be a costly blunder.
Vijay Kedia: Chase the story behind a stock, not money on the table: Vijay Kedia - The Economic Times
So, when the team which is working, which is building this corporate corporation, if they lose their fire in the belly and suppose if they cannot perform, so that could be one of the reasons that I would think that now nothing can be done with this team and I cannot change the team also, if such kind of scenario suppose comes up, then I may think of exiting.
Varyaa Creations shares debut with 90% premium over issue price - The Economic Times
Varyaa Creations debuted with a 90% premium on BSE SME, offering 13.4L shares at Rs 135. Evolved from Kalgi India, now focusing on jewelry trading, online-offline sales, and Mumbai-based manufacturing. 2023 financials: Rs 17.62 Cr revenue, Rs 3.51 Cr profit.
Q4 results today: Indian Oil, Adani Energy among 55 companies to announce earnings - The Economic Times
On Tuesday, investors are eagerly anticipating quarterly results from a total of 55 companies, with a spotlight on the Adani Group entities including Adani Energy and Adani Total Gas. Indian Oil's performance is also among those closely observed.
High temperatures help improve paddy quality - The Economic Times
However, the heatwave has posed challenges for the production of rice-bran oil, with manufacturers facing a shortage of labor. Rice-bran oil is extracted from the hard outer brown layer of rice, known as bran, within 24 hours of paddy harvesting. The reduced acreage under rabi paddy this year, as reported by the Ministry of Agriculture and Farmers Welfare, has not hindered the estimated production of 123.57 lakh metric tonnes of rabi rice.
Hot Stocks: Brokerage view on UltraTech Cement, KPIT Tech, PNB Housing and Trent - The Economic Times
The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.
Increasing global uncertainties may impact demand, India's exports: FIEO - The Economic Times
FIEO warns of geopolitical tension impact on 2024-25 exports due to global demand. Outbound shipments fell by 3.11% in 2023-24, imports over 8% to USD 677.24 billion. Key factors include freight rates, inflation, and interest rates.
Tata Chemicals shares fall over 4% on first-ever quarterly loss in nine years; Kotak Equities screams sell - The Economic Times
Tata Chemicals witnessed a 4.5% decline in shares, hitting a day's low of Rs 1,050 on BSE. This drop followed the company's announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a 'sell' rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
idfc first bank share price: IDFC First Bank shares fall nearly 6% after Q4 results. Should you invest? - The Economic Times
In the January-March quarter, IDFC First Bank disclosed an interest income of Rs 8,219.21 crore, a notable increase from Rs 6,424.35 crore reported in the corresponding period of the previous year. This represents a substantial year-on-year growth of 28%.
ICICI Bank shares target price rise up to Rs 1,450 on steady Q4 results. Should you buy? - The Economic Times
The private sector lender reported a healthy performance in Q4, with 17% year-on-year (YoY) growth in profit amid contained opex and provisions. The pace of NIM contraction decelerated, down 3 bps quarter-on-quarter (QoQ) at 4.4%.
yes bank: Deposit growth improves at private banks in Q4, but at higher costs - The Economic Times
While these lenders were able to increase deposits at a faster clip during the quarter, the growth was accompanied by higher interest outgo, thereby contracting net interest margins (NIMs) year-on-year. The sample includes HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Yes Bank. Kotak Mahindra Bank is expected to declare quarterly numbers on May 4.
Nifty: PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco - The Economic Times
You can see from foreign flows perspective that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023.
T20 World Cup: New Zealand's T20 World Cup squad announced by two kids Matilda and Angus: Watch cute video - The Economic Times
New Zealand Cricket unveils their 2024 T20 World Cup lineup uniquely, with surprise guests announcing the 15-man squad instead of captain Kane Williamson or coach Gary Stead. In an adorable video, kids Matilda and Angus reveal the players chosen. Matt Henry secures a spot, while Adam Milne and Kyle Jamieson are sidelined due to injuries. With Williamson leading, the Black Caps aim for their first T20 World Cup title, confident in their ability to adapt to the West Indies conditions.
ICICI Bank Q4 earnings: ICICI Q4 results: Net profit jumps 17% YoY to Rs 10,708 cr; announces dividend of Rs 10/sh - The Economic Times
ICICI Bank Q4 Result: India's second-largest private lender, disclosed a standalone net profit of Rs 10,707.53 crore for the quarter ending March 31, 2024. This marks a notable increase of 17.38% compared to Rs 9,121.87 crore reported in the corresponding period last year. Furthermore, ICICI Bank recorded an interest income of Rs 37,948.36 crore during the quarter, reflecting a robust growth of 22.33% from Rs 31,021.13 crore reported in the same period last year.
midcap stocks: For medium to long term investors: 4 midcap stocks with right ratio matrix and upside potential of up to 30% - The Economic Times
It is never easy to find a good stock. Not for any other reason, but the fact of “ good stock” is an open ended term. For some consideration of calling something a “good stock” is largely how the price of the stock behaves in different market conditions. Like does it fall less in bearish markets and moves up faster in bullish markets. For some a stock which is available at cheaper valuations, could be a good stock. So, each to its own. But when it comes to business and management , there is only one thing “good business” and “ good management” which has no open ended interpretation. A business which generates good cash flows and has large market size to grow and for management a clean balance sheet and good corporate governance.
IDFC First Bank Q4 Results: Standalone PAT declines 10% to Rs 724 crore - The Economic Times
IDFC First Bank Q4 Results: IDFC First Bank announced a net profit of Rs 724.35 crore for the quarter ending on March 31, marking a decrease from Rs 802.62 crore reported in the corresponding period last year. In the January-March quarter, IDFC First Bank recorded an interest income of Rs 8,219.21 crore, showing an increase from Rs 6,424.35 crore reported in the same period a year ago. This signifies a 28% rise on a year-on-year basis.
value investment strategies: As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan - The Economic Times
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and Indias domestic-driven equities. The outlook is even dimmer for currencies and bonds.
ICICI Securities: Minority shareholders of ICICI Securities file lawsuit against delisting move - The Economic Times
Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.
US inflation rises in line with expectations in March - The Economic Times
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday. Data for February was unrevised to show the PCE price index gaining 0.3% as previously reported.
Why BYD's EV exports sell for twice the China price - The Economic Times
BYD strategically hikes export prices to maximize profit margins, significantly exceeding domestic prices. This approach aims to offset domestic price wars and boost profitability amid fierce competition in the global EV market.
Block deals worth over Rs 12,045 crore this week. Kotak Bank, Vodafone Idea among stocks with major action - The Economic Times
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.
In Donald Trump’s trial, the defence will try to knock down the allegation of a plot - The Economic Times
Trump, 77, is charged with falsifying 34 business records to cover up a $130,000 payment to Daniels, who has said they had a sexual encounter in 2006 and was shopping that story in the weeks before the 2016 presidential election.
Gold ends its five week winning streak as inflation concerns resurface - The Economic Times
The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.
Beyond bull runs: How to pinpoint mean levels in markets - The Economic Times
Following each bull run, the index retraces back to its moving average line before initiating another upward trend. This observation underscores the significance of moving averages in determining market trends and mean levels.
ET Mutual Funds Explains: How STPs can maximise your portfolio return? - The Economic Times
STP facility staggers the investment over a period of time and also helps maintain a balance of risk and return. The first scheme that is considered for lumpsum investment is called source scheme and the scheme to which the amount is transferred is called destination scheme.