Investments by foreign institutional investors (FIIs) took a dent in September, with a net $2.3 billion being withdrawn during the month. This was the first month of net outflows after February, and the most since the $3.66-billion sell-off in January. Experts, in recent days, have attributed the sell-off to the market being overheated. However, one […]
Month: November 2022
The stability and benefit of investing in Digital GoldThe stability and benefit of investing in Digital Gold
By Mahendra Luniya Gold has been a part of portfolios for long times. It has proven to be a hedge against inflation and has helped in difficult times. Now the world is witnessing a shift in the way investors invest in gold. The shift is towards digital gold, an easier and more transparent way of […]
India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: tradeIndia’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: trade
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
Bombay Dyeing shares rise 20% on land deal; debt reduction plansBombay Dyeing shares rise 20% on land deal; debt reduction plans
Shares of Wadia- owned textile to real estate company Bombay Dyeing & Manufacturing Company (BDMC) shot up 20 % and hit 52 week high on Thursday after the company on Wednesday said that it would be selling its 22-acre land parcel in Worli area if Mumbai for 5200 crore to Japan’s Sumitomo group. The stock […]
Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?
Tata Steel has announced a plan to invest in a 3mtpa EAF based steel capacity at Port Talbot in the UK. The project will cost £1.25 billion ($1.55bn). Of this the Tata Steel will invest £750 million and UK government will provide £500 million support. Jefferies: Jefferies has a Buy rating on the stock after […]
Nykaa to enhance profitabilityNykaa to enhance profitability
Nykaa’s 1Q EBITDA fell short of our projections due to several factors, including increased discounting, decreased advertising revenue, and a disappointing gross margin (GM) performance, among other reasons. The challenging macroeconomic environment has had a notable impact on the fashion industry’s growth, while the Beauty, Personal Care, and Cosmetics (BPC) sector maintained its position with […]
India’s coal output rises nearly 11 pc in Dec to 92.87 MTIndia’s coal output rises nearly 11 pc in Dec to 92.87 MT
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official statement said on Tuesday.The country’s coal output was 83.86 MT in December 2022. “The coal sector has witnessed an unprecedented upswing, with production, dispatch and stock levels soaring to remarkable heights,” the […]
‘Angel tax: New norms to strike balance between FEMA, IT rules’‘Angel tax: New norms to strike balance between FEMA, IT rules’
The new valuation rules prescribed by the government for equity shares held by non-resident investors in India unlisted companies, including start-ups, are meant to strike a balance between FEMA (Foreign Exchange Management Act) related valuation and IT-based rules, said Rajat Bansal, principal chief commissioner of income tax, Central Board of Direct Taxes (CBDT) on Thursday. […]
Will likely launch IPO in next 3 years, says CredAble CEOWill likely launch IPO in next 3 years, says CredAble CEO
CredAble will likely launch an initial public offering in the next three years, says Co-founder and Chief Executive Officer Nirav Choksi.In the meantime, the company may do a funding round in the next eight-to-nine months. “We will probably go public in the next three years. We will look to raise funding maybe 8-9 months from […]
Cyclone Biparjoy: High waves hit Mumbai! Gujarat braces itself as sea turns rough – See PicsCyclone Biparjoy: High waves hit Mumbai! Gujarat braces itself as sea turns rough – See Pics
1/10 The extremely severe cyclonic storm ‘Cyclone Biparjoy’ weakened on Tuesday into a very severe cyclonic storm, the India Meteorological Department (IMD) informed. Currently, the cyclone is centered approximately 290 km southwest of Gujarat’s Porbandar and is moving northwards at a speed of five kilometers per hour. According to the weather department, Biparjoy is expected […]