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Dow Falls 500 Points As Experts Debate Whether Stock Market Will Crash Again Soon
This is typically how bear markets end, explains one Morgan Stanley predicting a new stock market low next year.
RBI response sought on PIL seeking uniform banking code for forex transactions
The Delhi High Court on Monday sought the response from the Reserve Bank of India on a public interest litigation seeking uniform banking code for foreign exchange transactions to check black money generation and benami deals.
How Your Savings Can Benefit From Higher Interest Rates In 2023
Many short-term investments now offer rates in the 3% to 5% range. Here are some of the more popular options for shorter term saving.
World Cup fails to boost TV sales amid post-Diwali lull
Television sales that typically go up during cricket and football world cups have not seen any spike amid the ongoing Qatar 2022, despite retailers and brands launching soccer-oriented promotions, industry executives said.
How will my salary arrears be taxed in India?
Effective 2020-21, dividend income earned from shares held in Indian domestic companies are taxable in the hands of shareholders
We might need an annual booster shot: Global medical lead, GSK
Even as Covid-19 numbers continue to recede across the globe, experts still believe that different options will be needed to deal with the viral infection even if it heads towards becoming a seasonal disease.
India expected to pip Brazil as eighth largest ad market: GroupM
In 'This Year, Next Year 2022', GroupM has ranked India as the ninth-largest advertising market globally. The report was released earlier this month. It says India's total advertising revenue in 2022 has grown by 15.8% to touch $14.9 billion, led by growth in pure-play digital advertising. In 2023, it is expected to grow by 16.8%.
How To Survive A Recession: 4 Recession-Proof Business Ideas For Proactive Investors
With a recession on the horizon, many smart investors proactively search for stocks that will protect their money. Here are some of the best recession-proof business ideas to ready your portfolio for a recession in 2023.
CCI approves Bharat Biotech International-Eastman exports deal
The Competition Commission of India on Monday said it has approved the proposed deal of Bharat Biotech International Ltd for acquiring shares of Eastman Exports Global Clothing Pvt Ltd through a share purchase agreement. The deal has been approved under the green channel route, wherein a transaction which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release on the CCI's website, the fair trade regulator said it has approved the deal. The proposed combination relates to the acquisition of shares of Eastman Exports Global Clothing (EEGC) by Bharat Biotech International Ltd (BBIL) being implemented by way of the share subscription agreement, share purchase agreement. Given that there are no horizontal overlaps, vertical and/or complementary links between the activities of the BBIL (including its affiliates) and EEGC, the proposed combination is being notified under the green .
Is Bharat Bond ETF2023 set to match its launch yield?
Come April, and Bharat Bond ETF 2023, among the first in the Bharat Bond series to be launched by Edelweiss MF, will hit maturity
What new norms for overseas investment imply
Indian residents can receive gifts of foreign securities from any relative staying abroad
AB InBev shows interest in extending Mysuru unit, to invest Rs 500 crore
AB InBev's Chief Executive (Asia-Pacific zone) Jan Craps met Chief Minister Basavaraj Bommai on Monday and showed interest to invest more in the State, the CMO said in a release. It said AB InBev is an American-Belgian multinational drink and brewing company based in Leuven, Belgium. This company has set up a brewery unit in Mysuru and wanted to extend its plan by investing another Rs 500 crore.
Should you invest in Edelweiss MFs Bharat Bond ETFApril 2033?
The exchange-traded fund will offer an indicative return of 7.5% to those who remain invested until maturity
NCLT rejects claims of foul play in insolvency of Radius Estates
Debenture holders of the company led by ICICI Prudential and Beacon Trusteeship had approached NCLT with a plea to turn down Adani Good Homes' offer for Radius Estates claiming the company had violated the bidding conditions.
Crypto Winter Unwind Still Has Legs To Run And Run
The potential for contagion remains giant in most areas you look in the centralized segment of crypto.
It is not even clear how many analysts are aware of the existence of the newly estimated swath of debt, economists warned Monday.
Indian advertising industry's revenue growth to accelerate to 16.8 pc in 2023: Report
The report said TV advertising, representing 36 per cent of advertising market share, is expected to grow 10.8 per cent in 2022, and will continue growing double digits, driven by strong growth in both traditional and connected TV. On the macro front, it said, the Indian economy is also facing uncertainty amid wider geopolitical risks, enduring inflation pressures from a weak currency, high unemployment and high interest rates.
Choose Your Investment Guru Wisely
If you want to learn how to play tennis, it would make more sense to take the masterclass from Serena Williams than to watch a random video or infomercial.
Insiders Buy At Align Technology And Black Stone Minerals. Heres Why Investors Should, Too.
Company executives usually talk an optimistic game. When they put their money where their mouth is, thats when I pay attention.
Internet & Reopening Plays Roll On
Asian equities were mostly higher as Hong Kong and Mainland China outperformed while Thailand was on holiday for the late King Bhumibol Adulyadejs Birthday.
Reminder - Halliburton Goes Ex-Dividend Soon
On 12/7/22, Halliburton will trade ex-dividend, for its quarterly dividend of $0.12, payable on 12/21/22. As a percentage of HAL's recent stock price of $39.65, this dividend works out to approximately 0.30%.
RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
According to the RBI statement, the bank's inspection reports based on its financial position as of March 31, 2020 and March 31, 2021 revealed that the bank's investment in commercial paper exceeded the prudential individual exposure limit of 15% of capital funds. Based on this, a notice was issued to the bank, advising it to show cause why a penalty should not be imposed for failing to follow the directions.
US VC firm Sequoia Capital sells 3.7% stake in Go Fashion for Rs 228 cr
Through its affiliate Sequoia Capital India Investments IV, the venture capital firm sold 20,00,000 shares
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How To Find The Best Sector ETFs 4Q22
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each sector.
Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project
The project will start commercial operations by May 2024, and will help Jindal Stainless abate carbon emissions by over 6.5 lakh tonnes per year.
County Group acquires Noida land for Rs 450 crore
The land originally belonged to the Ambience group, but Indiabulls Housing Finance, which had extended loans and had balance dues of over Rs 2,500 to the group, has been selling its properties to recover the money.
Rural, women and young two wheeler borrowers on the rise: Report
Two wheeler loans rose 13.5 percent from FY21 to FY22 and 8 percent from June 2021 to June 2022.
JSW ReNew Energy commissions 27 MW wind energy capacity in Tuticorin
JSW Energy on Monday said that its arm JSW ReNew Energy has commissioned 27 MW wind energy generation capacity at Tuticorin in Tamil Nadu as part of the first phase of its 450 MW wind project.
Deloitte, the process advisor of Reliance Capital Ltd (RCL) Administrator Y Nageshwar Rao, is of the opinion that the value of the bids is almost 70 per cent below the liquidation value of Rs 13,000 crore, sources said.
Buy PNC Infratech; target of Rs 396: YES Securities
YES Securities is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 396 in its research report dated November 15, 2022.
Buy KNR Constructions; target of Rs 377: YES Securities
YES Securities is bullish on KNR Constructions has recommended buy rating on the stock with a target price of Rs 377 in its research report dated November 15, 2022.
ICICI Lombard, AU Small Finance Bank announce bancassurance tie-up
ICICI Lombards entire suite of products will be offered across 980+ banking touchpoints spread over 20 states and two union territories.
Stocks This Week: Buy Rockwell Automation
Here is a stock that is likely to perform well this week and in this month.
Stock market update: Mining stocks mixed as market falls
The 30-share BSE Sensex closed down 33.9 points at 62834.6
4 key facts that lenders will not tell you about your next education loan
One of the most crucial financial tasks that one should never ignore is saving for your child's future as soon as conceivable.
Gainers & Losers: Hindalco, Godrej Prop among 8 stocks in limelight on Monday
Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points. Following are the stocks that were in the limelight:
How to encash your discontinued National Savings Certificates (IX Issue)?
After the decision was authorised and made public on December 1, 2015, the Department of Posts (DoP), which is under the direction of the Ministry of Communications, discontinued issuing National Savings Certificates (IX Issue) on December 20, 2015.
Canara Bank hikes daily debit card transaction limit for ATM withdrawals, POS, online transactions
According to information on Canara Bank's official website, the bank has revised its daily debit card transaction limit for its customers with immediate effect.
IndiGo announces 32 new connecting flights between India and Europe; check details
The airline said in a statement that these destinations are major tourist attractions and see an inflow of visitors throughout the year.
Buy ICICI Bank; target of Rs 1225: Emkay Global Financial
Emkay Global Financial is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 1225 in its research report dated December 04, 2022.
Long-term prospects of REITs shine bright even in rising interest rate scenario
The demand by retail sector for leasing space has also witnessed a surge. According to the report, Retail demand is up by 166% Y-o-Y led by categories of fashion & apparel brands, supermarkets, and homeware stores.
Japan's Nikkei ends higher as Fast Retailing gains
Today's market showed little direction as U.S. jobs data did not become a market-moving catalyst. But investors had a fresh view on heavyweight technology stocks, which underpinned the Nikkei, said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Buy Aditya Birla Fashion; target of Rs 380: Motilal Oswal
Motilal Oswal is bullish on Aditya Birla Fashion recommended buy rating on the stock with a target price of Rs 380 in its research report dated December 04, 2022.
Buy ICICI Bank; target of Rs 1150: Motilal Oswal
Motilal Oswal is bullish on ICICI Bank recommended buy rating on the stock with a target price of Rs 1150 in its research report dated December 04, 2022.
Buy Sheela Foam; target of Rs 3300: ICICI Direct
ICICI Direct is bullish on Sheela Foam recommended buy rating on the stock with a target price of Rs 3300 in its research report dated December 03, 2022.
Buy Natco Pharma; target of Rs 704: Geojit
Geojit is bullish on Natco Pharma has recommended buy rating on the stock with a target price of Rs 704 in its research report dated December 05, 2022.
Colgate-Palmolive shares drop 0.56% as Sensex falls
A total of 3,472 shares changed hands on the counter till 12:12PM (IST)
Mphasis stock price down 1.24 per cent as Sensex slides
As of 30-Sep-2022, promoters held 55.72 per cent stake in the company, while FIIs held 20.48 per cent and domestic institutional investors had 13.22 per cent.
Price of platinum up 10% in last one year, gold price up by 11%
Price of platinum up 10% in last one year, gold price up by 11%
Go Fashion, Rainbow Childrens Medicare fall after huge block deals
Rainbow Childrens Medicare pre-IPO lock-in expired on November 5 and GoFashions on November 25
Best large cap mutual funds to invest in 2023
First, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.
Vijaya Diagnostics: Stabilisation in pricing adds to constructive take
We see Vijaya DIagnostics as a good proxy for regional health-care services consumption play
Analysts confident about LIC's growth prospects: 4 reasons it's this week's stock pick
Huge protection gap, under-penetrated market, digital initiatives and focus on bancassurance through tie-ups will provide growth impetus to LIC.
Stock market at an all-time high; does this automatically imply a market fall soon?
The all-time high level is just another milestone in a journey in which the index will naturally keep rising.
Fund review: DSP Tax Saver Fund
While the portfolio is diversified, it takes large positions in the top few bets. The fund has lagged behind the index in recent years but retains outperformance over its category average.
Black Friday Sales Numbers Hit Record Highs Despite Fears Of Recession
Black Friday is a highlight for retailers most years, but in 2022 there was trepidation, downward adjustments to sales expectations. Yet, early reports show sales figures are strong. Here is what investors learning from these stats.
Apple Stock Slumps Due To Production Delays Of New iPhones In China
Apple stock dropped due to iPhone production delays in China that were caused by COVID-19 lockdowns and violent protests. Heres the impact of these delays, and here's what investors need to know.
What is the tax liability for a senior citizen?
For net taxable income between 3 lakh and 5 lakh the applicable tax rate is 5%.
FCNR deposits are an attractive option for NRIs
FCNR deposits earn higher interest for NRIs. The interest is tax-free in India
This manager's small-cap fund gave 40% CAGR returns in 3 years
Mint caught up with Shridatta Bhandwaldar, who oversees more than 50,000 crore of equity assets as head-equity at Canara Robeco Mutual Fund (MF), for his views on what the Fed move means for the equity markets.
Dow Stocks To Trade In December
December is likely to bring higher prices. Here are long and short recommendations.
Squeeze 9%-Plus Out Of This Bond Mini-Portfolio
Bonds are finally an intriguing place for retirement income.
Zerodha, Patanjali among top 10 most valued bootstrapped companies
Here is a list of India's top 10 bootstrapped companies in the 2022 according to Burgundy Private Hurun India 500.
Philly Fed Manufacturing Index Continues Its Downward Slump
The Philly Fed Manufacturing Index is down. Heres what this indicator means for the economy, investors and for your finances.
Inflation And Interest Rates: The Twin Sisters Of The Dismal Science
The inflation numbers are in and theyre up but the yields on bonds are coming down.
Tesla Semi Rolls Out: Truck Delivers First Full Load On A 500-Mile Trip
A Tesla Semi recently completed its first 500-mile journey. The company expects to start delivering these trucks early this month to commercial clients like UPS and Pepsi.
How To Achieve The Mythical Dividends Only Retirement
Ive got three low-drama CEFs that can get you there, thanks to their outsized 8.1% average yield.
Senior citizens can earn as high as 8.25% on FDs at this Mumbai-based bank
The bank is offering interest rates as high as 8.25% to elderlies who are 60 years of age and above. Apart from attractive interest rates, the bank has also announced a host of benefits for these individuals.
SBI's festive offer on home loans to end soon, rates as low as 8.40%
Under this offer, SBI is giving concessions ranging from 15 basis points to 30 basis points. The home loan interest rates are as low as 8.40%. The bank has also waived processing fees for regular home loans and top-up loans.
ETMarkets Investors Guide: Why smallcap investors are having FOMO
How to submit EPF/EPS nomination online
How to submit EPF/EPS nomination online
This Ponzi crypto app dupes people by offering high returns
Many bank customers are currently being conned by a bitcoin Ponzi programme that promises them big profits.
Will it be a December to remember for Nifty bulls? Lets go back to history
Empirical data shows that December is the month which delivers the highest returns when compared to the other months of the year
This smallcase manager is betting on 3 smallcap stocks in tune with India growth themes
Decarbonisation, sustainability, manufacturing and consumption are the themes that have emerged in India in the last two years
Reliance is said to acquire Metro' India unit in a deal estimated at around 500 million euros (Rs 4,060 crore), which includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry in the country. This is going to aid Reliance Retail, the country's largest retailer, expand its presence in the B2B segment.
Options courses by social media influencers abound: Attend or skip?
Dont let screenshots of big profits not necessarily genuine or pictures of influencers luxury purchases be your reasons to join their courses
RBIs Digital Rupee: 7 things to know
Uniparts' IPO subscribed 25.32 times on final day
Portfolio Change: One Stock To Sell, December 2
For the second time this year, we get to drop HCKT with a nice gain. Indeed, the nearly 14% its climbed since we re-recommended it six months ago compares very favorably to the performance in the S&P 500, which is actually down 2% over the same span. This second go-around was made [...]
Many Indicators Imply A 2023 Recession, The Jobs Market Disagrees
There are many meaningful indicators suggesting that a U.S. recession is on the way, however in recent months the jobs markets has remained resilient.
Guangzhou Traffic & Metro Usage Confirms New Government COVID Policies, Week In Review
Asian equities ended a strong week off slightly in a quiet session as investors waited for todays US payroll release.
Career Cushioning - The Evolution Of The Great Resignation And Quiet Quitting
Following on from quiet quitting and the great resignation, the latest trend in the labor market is career cushioning
Gas Prices December 2022: Latest Winners And Losers From Recent Gas Price Trends
Gas prices have been on a wild ride this year. Here are the oil industry trends that investors need to determine the winners and losers from this year's elevated gas prices.
Ex-Div Reminder For Schlumberger
On 12/6/22, Schlumberger will trade ex-dividend, for its quarterly dividend of $0.175, payable on 1/12/23. As a percentage of SLB's recent stock price of $52.44, this dividend works out to approximately 0.33%.
Housing Market Crash 2023: Where Will Prices Drop? And Why?
Crash might be too strong a word, but Americas housing market is absolutely cooling off. Rates are falling faster in some regions than others. Heres why.
Labor Market Still Stronger Than Economists Think: U.S. Added 263,000 New Jobs In November
The stock market took a hit immediately after the stronger-than-expected jobs report.
How to calculate tax liability under the new tax regime for FY23?
Taxpayers may be puzzled about whether to choose the new tax regime or the old tax regime when calculating their tax liability for FY 20222023.
Tech View: Nifty forms two back-to-back red candles. What traders should do next week
The weekly charts saw the formation of a long positive candle with upper shadow. The chart pattern remained positive with higher tops and bottoms. Analysts said Thursdays record high of 18,887 could now be considered a new higher top of the sequence, and present weakness is expected to find a higher bottom in the short term.
AIM Stocks Round-Up: Premier Miton, Bens Creek, Mind Gym
Here are some of the key stories from London's AIM index in end-of-week trading.