Stocks and bonds were under pressure on Friday as investors hunkered down for U.S. interest rates to stay higher for longer, while waiting to see whether the Bank of Japan might cap a busy week by charting a course out of its ultra-easy monetary policy. No policy change is expected in Japan but with inflation […]
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Interim Budget to stick with fiscal glide path, target 5.2% deficit in FY25Interim Budget to stick with fiscal glide path, target 5.2% deficit in FY25
With buoyant revenues likely ensuring that the 5.9% fiscal deficit target is met in the current financial year, the Centre may target to bring it t down to 5.2% in FY25, while sticking with the medium-term glide path for 4.5% deficit by FY26. However, this would entail compression of the revenue deficit, more sedate growth […]
CIE Automotive India: Brokerage expects margin boost, check best price to buyCIE Automotive India: Brokerage expects margin boost, check best price to buy
The shares of CIE Automotive India surged 1.02% intraday on August 18, on the National Stock Exchange. The analysts at Geojit Financial Services have recommended a ‘Buy’ rating for the scrip, stating that the “current growth story in the domestic market and the focus on building the EV product portfolio and operational performance in the […]
EMS IPO to open on Sep 8; sets price band at Rs 200-211 per shareEMS IPO to open on Sep 8; sets price band at Rs 200-211 per share
Water and sewerage infra player EMS Ltd on Monday said it has fixed a price band of Rs 200-211 apiece for its Rs 321-crore initial public offering (IPO). The issue will open for public subscription during September 8-12 and the bidding for anchor investors will open on September 7, the company said in a statement. […]
Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200
It’s a sea of red across Dalal Street with all the major indices closing in the red. The Fed impact was well and truly reflected the way the markets sold off last week’s gains. The Nifty closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 […]
IT earnings seen to be weak in Q3IT earnings seen to be weak in Q3
Revenues of IT services companies for the December 2023 quarter are expected to be weak, since a full-fledged recovery in the IT sector is still some time away. The third quarter could also reflect pressure on operating margins of software players thanks to the wage hikes and higher-than-expected furloughs. However, some firms may be able […]
Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’
Karnataka Chief Minister Siddaramaiah dismissed the opposition’s allegation of hate politics in connection with the arrest of a man linked to the riots that took place after the Babri Masjid demolition in 1992. The police in Karnataka on Monday arrested a 50-year-old man for his alleged involvement in the riots in Hubballi post the Babri […]
Sebi rejigs panel on alternative investment policy; expands to 25 membersSebi rejigs panel on alternative investment policy; expands to 25 members
Sebi has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space. The committee has now 25 members, as per latest update with the Securities and Exchange Board of India (Sebi). The panel, which was constituted by Sebi in […]
Stocks to watch: TCS, TVS Motor, IDFC First Bank, BioconStocks to watch: TCS, TVS Motor, IDFC First Bank, Biocon
Stocks in Focus: GIFT Nifty traded down 0.53% at 19,665, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. On Friday, the NSE Nifty 50 gained 0.55% to settle at 19,653.50, while the BSE Sensex added as much as 263.06 points to 65,995.63. “The risk of higher inflation led the RBI […]
NLC India’s first coal-based supercritical thermal power plant coming up in Kanpur | IN PICSNLC India’s first coal-based supercritical thermal power plant coming up in Kanpur | IN PICS
1/8 To meet the rising power demand in India, the NLC India Limited (formerly Neyveli Lignite Corporation Limited) will begin the operation of its first super-critical coal-based thermal power plant soon. 2/8 The NLC India Limited’s first coal-based supercritical power plant – Neyveli Uttar Pradesh Power Ltd (NUPPL) is being built at Uttar Pradesh’s Ghatampur […]