Category: Uncategorized

[ad_1] India’s external balances remain favorable with a combination of low current account deficit, strong public market capital flows, adequate FX reserves and low external debt, Goldman Sachs said in a new report. “Combined with this, our expectations for a weaker dollar (on the back of our US economics team’s forecast for five Fed rate […]

[ad_1] HDFC Bank said it acted as a sponsor and destination bank for “Trading supported by Blocked Amount in Secondary Market,” which kicked off on Monday on the Indian Stock Exchanges. SEBI and Stock Exchanges have permitted Trading in the Cash segment through a block mechanism, on an optional basis, for the Secondary Market from January 1, […]

[ad_1] Equity benchmark indices Sensex and Nifty kicked off 2024 on a flat note, with the 30-share index closing with marginal gains following some buying in energy, services and telecom counters. In a highly volatile trade, the Sensex gauge eked out a modest gain of 31.68 points or 0.04 per cent to settle at 72,271.94 […]

[ad_1] Indian residents’ foreign assets increased by $6 billion in July-September 2023 due to the rise in currency and deposits as well as overseas direct investment, even though reserve assets and loans declined during the quarter, according to data released by the Reserve Bank of India. Net claims of non-residents rose marginally during the second […]

[ad_1] The combined market valuation of eight of the top-10 most valued firms jumped ₹1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were […]

[ad_1] I have shares of Vedanta Ltd. My average purchase price is ₹300. What is the long-term outlook for this stock? I can hold the stock for another year. Should I continue to hold or exit? Mahesh, Bengaluru Vedanta Ltd (₹256): The stock was in a downtrend since mid-April 2022. But the recent rise above […]

[ad_1] Target: ₹3,700 CMP: ₹3,133.70 The company reported a robust growth outlook across all segments, resulting in strong earnings visibility from FY23 to FY26. The revenue contribution from the Railway and Mobility (R&M) division, which yields higher operating margins, is increasing. This is expected to improve the company’s operating profits moving forward. In FY23, its […]

[ad_1] Puravankara Limited’s subsidiary, Provident Housing Limited, introduced a scheme to support serving and retired armed forces personnel in acquiring homes. The company will provide a special 2% discount on housing across its projects for eligible armed forces personnel. With a focus on mid-segment housing, Provident Housing aims to assist the approximately 1.4 million serving […]

[ad_1] Gold prices touched three-week high at ₹63,452 per 10 gm on Thursday against the previous close of ₹63,223 after the US dollar and bond yields hit multi-month lows. On the MCX, gold for February delivery was down ₹198 to ₹63,480 and April contract lost ₹180 to close at ₹63,800. In the US, spot gold […]

[ad_1] Fair trade regulator Competition Commission of India on Wednesday said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance Capital Ltd (RCL) is an RBI-registered non-banking, non-deposit-taking systemically important company (NBFC-CIC-ND-SI). It is engaged in the financial service sector. The […]