News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Equity mutual funds lost up to 6% last week. Here’s the breakup - Negative performance | The Economic Times
Equity mutual funds have offered negative returns in the last week upto 6%. Sectoral and thematic funds dominated the list of negative performers. Here are 10 worst performers. (Source: ACE MF) Negative performance
Year-ender 2024: HAL, Mazagon Dock among top 10 PSU performers in CY24. Here's how much they have returned - PSU Winners | The Economic Times
As we are at the fag end of 2024, a look back at the performance of PSU stocks shows BSE PSU index delivering nearly 29% in the last one year. This is higher than the 11% returns by the BSE Sensex in the same period. In this, top 10 stocks have given returns between 139% and 48% this year. Here's the list: PSU Winners
How secretive Swiss sought to keep a lid on the Credit Suisse crisis - The Economic Times
A Swiss parliamentary inquiry revealed that secret meetings and mistrust among officials hampered the government's response to Credit Suisse's 2023 collapse. Undocumented "non-meetings" and downplaying of the bank's problems left key ministers uninformed, hindering preparations for the eventual UBS takeover. This secrecy, intended to protect Switzerland's reputation as a financial haven, ultimately contributed to the crisis.
Year-ender 2024: FII selling crosses Rs 1 lakh crore in 2 sectors. Will 2025 see a U-turn? - The Economic Times
Foreign Portfolio Investors (FPIs) focused on selling financials and oil & gas stocks in 2024, resulting in significant sectoral outflows. Outlook for 2025 suggests moderate returns, with a focus on banking, pharmaceuticals, and FMCG amid India's slowing economic growth.
Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing - IPO Guide | The Economic Times
The initial public offering (IPO) of Unimech Aerospace will open for subscription on Friday. The issue closes on December 17. Through the public offer, the company plans to raise nearly Rs 500 crore. Here are 10 things to know about the Unimech Aerospace IPO before subscribing to the issue. IPO Guide
Why gold remains vulnerable despite a sharp uptick on Friday - The Economic Times
The US Dollar Index surged to 108.541, its highest since November 10, 2022, driven by the Fed's hawkish stance and strong US GDP data. It eased to 107.82 on Friday, down 0.55%, but gained 0.82% for the week. Ten-year US yields hit a high of 4.59%, closing at 4.53%, up 3% weekly, while two-year yields peaked at 4.37% before settling at 4.31%, a 2% weekly gain.
UK 2024: Rishi Sunak exits Downing Street, successor Keir Starmer revives hope for free trade agreement with India - The Economic Times
The UK and India reaffirmed their commitment to a stronger partnership in 2025 after a year of political shifts and economic milestones. Following UK elections that brought a new Labour government, FTA negotiations were relaunched. Key events included Tata Steel's green transition, Bharti Global's BT investment, and discussions around extradition and migration.
Earthquake of magnitude 4.5 jolts Afghanistan - The Economic Times
A 4.5 magnitude earthquake struck Afghanistan's Badakhshan region at 6:30 am IST on Sunday, according to the National Centre of Seismology (NCS). The quake, occurring at a depth of 10 kilometers, is one of several to hit the disaster-prone region in recent weeks. The NCS confirmed the earthquake's location and highlighted Afghanistan's vulnerability to such natural events.
Ahead of Market: 10 things that will decide stock market action on Monday - The Economic Times
Indian markets tumbled on Friday, mirroring global anxieties over the US Federal Reserve's projected slower rate cuts. Heavy selling in financial and IT stocks pushed the Sensex down 1.5% and Nifty 1.52%, as foreign funds flowed out. European markets also declined, while US stocks rebounded slightly after a positive inflation report.
FPI Focus: Financials, IT, and real estate dominate December inflows - The Economic Times
Foreign portfolio investors (FPIs) flocked to Indian markets in early December, pouring ₹22,766 crore, primarily into financial services, IT, and real estate. However, oil and gas, auto, and FMCG sectors witnessed outflows. While financials saw significant withdrawals throughout 2024, telecom and services experienced renewed interest after November's outflows.
LNG producer Venture Global files for IPO on NYSE - The Economic Times
Venture Global, a major US LNG producer, has filed for an IPO, aiming to raise about $3 billion on the NYSE. The company, with two Louisiana plants, competes with industry giants like Cheniere and Sempra. Founders will retain majority voting power after the offering. Revenues reached $3.45 billion in the first nine months of this year.
Climate crisis threatens to exploit and exacerbate division and polarisation: WHO Chief Ghebreyesus - The Economic Times
WHO Director-General highlighted the escalating climate crisis, emphasizing its potential to worsen global divisions. He stressed the urgent need for peace and collaboration, citing the crisis's impact on health. Meanwhile, India showcased its commitment to combating land degradation and desertification at the UNCCD CoP16, underscoring its efforts towards sustainable development.
Siemens sounds alarm: Capital goods stocks plunge amid capex concerns - The Economic Times
Capital goods stocks stumbled on Friday, led by Siemens' 10% drop, after the company reported a lack of significant private capital expenditure growth in India. Despite this, analysts maintain a positive outlook for the sector, driven by government spending and a private capex cycle focused on decarbonization and energy transition.
Rupee dips to record intraday low of 85.10 vs US dollar, closes moderately stronger at 85.01 - The Economic Times
The Indian rupee depreciated to an all time low during the day, but ended slightly stronger at 85.01 per US dollar on a closing basis, due to the rebalancing of FTSEs equity index and interventions from the Reserve Bank of India, traders said.
How secretive Swiss sought to keep a lid on the Credit Suisse crisis - The Economic Times
A Swiss parliamentary inquiry revealed that secret meetings and mistrust among officials hampered the government's response to Credit Suisse's 2023 collapse. Undocumented "non-meetings" and downplaying of the bank's problems left key ministers uninformed, hindering preparations for the eventual UBS takeover. This secrecy, intended to protect Switzerland's reputation as a financial haven, ultimately contributed to the crisis.
Unique Stocks: These counters held by only one MF scheme surged 50-150% in CY24 so far - High Flyers | The Economic Times
ETMarkets' latest mutual fund analysis focuses on stocks held by a single scheme. Initially, the list included 130 such stocks in November 2024. However, to refine the selection, only stocks with a market value above Rs 20 crore as of November 2024 and a share price increase of over 50% in CY24 were considered. Applying these criteria, 12 stocks met the requirements. (Data Source: ACE Equity) High Flyers
Sebi simplifies offer document requirement for AMCs - The Economic Times
Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs.
Sagility India shares rally 5% to fresh highs as Jefferies sees 18% upside potential - The Economic Times
Sagility India's shares surged 5% after Jefferies initiated coverage with a ‘buy rating and Rs 52 target, citing strong growth potential and improved earnings outlook in the US healthcare sector.
Rising butter prices give European consumers and bakers a bad taste - The Economic Times
Butter prices are soaring across Europe, impacting consumers and businesses alike. A global milk shortage, exacerbated by various factors including declining production and the war in Ukraine, is driving the increase. While some producers consider substitutes, others, like Parisian pastry chef Arnaud Delmontel, refuse to compromise on quality, absorbing the rising costs or adjusting portion sizes.
South Korean investigators seek to question reluctant president over martial law - The Economic Times
Impeached South Korean President Yoon Suk Yeol faces questioning over his short-lived December 3 martial law declaration. Accused of abuse of authority and rebellion, Yoon continues to refuse cooperation with investigators, dodging summons and blocking office searches.
US commits to 61% greenhouse gas emissions cut by 2035 - The Economic Times
The United States pledged to cut net greenhouse gas emissions by 61-66% below 2005 levels by 2035, becoming the first nation to submit its 2035 climate plan to the UN. Despite potential challenges from a future Trump administration, sub-national governments and the private sector are expected to play a key role in achieving the target.
Canada: Justin Trudeau to shuffle his Cabinet Friday amid resignation calls and rising discontent - The Economic Times
Canadian Prime Minister Justin Trudeau is facing pressure to resign amid rising discontent and the departure of key Cabinet members. A Cabinet shuffle is underway, but it's uncertain whether it will improve the Liberals' standing. The NDP's potential withdrawal of support could trigger a no-confidence vote when Parliament returns, further jeopardising Trudeau's leadership.
Senores Pharma IPO: Senores Pharma has niche positives, can be a long-term bet - The Economic Times
Incorporated in 2017, the company identifies, develops and commercialises speciality and complex niche products in mid-market range. It also undertakes contract manufacturing for its customers. It earns through in-licensing fee, transfer pricing and profit sharing. Over 60% of its revenues come from supplying to regulated markets of the US, Canada and the UK and 32% from emerging markets.
After the US, Elon Musk now plans to shake up UK politics with a $100 million donation - The Economic Times
Elon Musk's meeting with Nigel Farage at Mar-a-Lago sparks speculation about a potential $100 million donation to Reform UK. This has ignited calls for stricter regulations on political donations in Britain, amidst concerns about foreign influence. Musk's interest in UK politics and criticism of Keir Starmer add further fuel to the debate.
FirstCry-operator Brainbees Solutions shares jump 4% as JM Financial initiates coverage with buy rating - The Economic Times
Brainbees Solutions' shares rose 4% after JM Financial initiated coverage with a ‘buy rating, citing FirstCry's market dominance, international growth, and strong financial performance, despite risks from competition and expansion challenges.
recession 2025: New Zealand enters recession, economy sees worst downturn since 1991, currency hits new low - The Economic Times
New Zealand's economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New Zealand dollar fell sharply. The government and opposition blame each other for the downturn. Experts warn this could lead to job losses. The economy is expected to improve next quarter.
Centre proposes bill to ban unregulated lending - The Economic Times
The government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An online database of approved lenders will be created. The database will help identify illegal lenders. The move follows action against several digital loan apps. The government aims to curb predatory lending practices.
Foreign investors seek greater fungibility of FDI and FPI rules - The Economic Times
They are knocking on the doors of the government and financial market regulators, urging them to rethink a rule that forbids an overseas investor from being a foreign direct investor (FDI) as well as a foreign portfolio investor (FPI) in the same company.
IPOs: Grey market buzzing with flurry of public issues, improved sentiment - The Economic Times
Grey market premiums (GMPs) - the additional price investors are willing to pay over the IPO price in the grey market before the stock lists on the exchanges - of five IPOs are trading at 8-44% above the issue prices, according to sources. A higher premium indicates the market sentiment for the IPO in question. GMPs of IPOs with robust demand tend to be high, which implies a potential upside in the stock on listing.
Sri Lanka lifts vehicles import ban for first time in 4 years - The Economic Times
Sri Lanka will allow vehicle imports again. The ban was put in place in 2020. Public transport imports are allowed now. Imports of cars for personal use will resume in February 2025. Importers must sell vehicles within three months. This move aims to boost the economy and state revenue.
China to unveil giant underground machine to capture 'ghost particles' that travel through Universe, including our bodies - The Economic Times
A massive underground neutrino detector in southern China, JUNO, nears completion. Set to operate next year, this $300 million project aims to detect antineutrinos from nearby nuclear reactors, shedding light on neutrino properties and potentially unlocking secrets of the universe's origins. JUNO joins other global neutrino projects in this quest.
DOMS Share Price: DOMS shares skid 5% after Italian stationery maker FILA cuts stake in co - The Economic Times
DOMS Share Price: DOMS shares dropped 5.4% after FILA announced the sale of up to 4.57% of its stake, reducing its holding to 26.01%, aimed at improving liquidity and attracting new investors.
Sebi: Sebi tightens SME IPO rules, limits promoter OFS to 20% - The Economic Times
The board of the capital-markets regulator approved a proposal to limit the offer for sale (OFS) by promoters in small and medium enterprises (SME) IPOs to 20% of an issue size. It also said they cannot sell more than 50% of their holding in an IPO.
Asian Paints Share Price: Asian Paints shares slip over 3% on announcing resignation of 2 top executives - The Economic Times
Asian Paints Share Price: Asian Paints shares fell 3.4% to a 52-week low after the resignation of senior executives Shyam Swamy and Vishu Goel. The company announced new appointments to replace them.
Italian PM Giorgia Meloni defends friendship with the world's richest man Elon Musk - The Economic Times
Italy's Prime Minister Giorgia Meloni defended her bond with tech mogul Elon Musk. Meloni assured lawmakers her friendship would not sway policy decisions. She highlighted a new law regulating private space activity as proof. Meloni and Musk have met several times since she took office. Musk has shown interest in investing in Italy.
Stocks to buy today: Restaurant Brands, Ambuja Cement and Exide Industries on investors' radar - The Economic Times
Indian equity indices declined for a third consecutive session due to selling pressure in utility, capital goods, and metal stocks, coupled with foreign fund outflows. Technical analysts suggest Restaurant Brands Asia, Ambuja Cements, and Exide Industries are expected to decline further, with specific support and resistance levels identified for each stock.
EU leaders to send 'clear message' to Trump on Ukraine, to debate US ties - The Economic Times
EU leaders prepare to reaffirm their unwavering support for Ukraine at a summit, signaling disagreement with Trump's calls for a swift peace deal. They will also address potential trade conflicts and security challenges posed by the new U.S. administration, emphasizing unity within the bloc.