Stocks to buy or sell today: Top 10 short-term trading ideas by experts
The S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade. The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.
Indian govt not averse to weaker rupee vs dollar – source
The Reserve Bank of India has been selling dollars to alleviate the depreciation pressure on the rupee due to the surging dollar and foreign portfolio outflows. e central bank sold a net of $19 billion from its reserves in July alone to prevent the rupee from falling much below 80.
Big Movers on D-St: What should investors do with Triveni Turbine, Bharti Airtel and Cipla?
Telecom major Bharti Airtel’s revenue increased at a yearly rate of 4.14 per cent during the past five years, compared to the industry average of 1.37 per cent. The market share climbed from 58.61 per cent to 67.06 per cent during the same time.
Global PE investors warm up to India’s microfinance sector
In one of the biggest investments in the microfinance space in recent times, British International Investment along with existing investors Incofin Investment Management, Nordic Microfinance Initiative (NMI) and Dutch impact investor Triple Jump will be putting in about $25 million or ₹196 crore in Ahmedabad-based Light Microfinance, which has made strides over the past few […]
Stocks in the news: SBI, HDFC Bank, PB Fintech, Kirloskar Oil and Ashoka Buildcon
HDFC Bank has entered into a long-term partnership with London Stock Exchange group’s Refinitiv for digital transformation, new customer acquisition and reduce costs.
Oil prices, war in Ukraine, inflation are all storm clouds that can get worse: Jamie Dimon
The storm clouds are here, the ones that you see – high oil prices, the war in Ukraine, high inflation – these are all storm clouds, it can get worse. I don’t think any one of us knows how bad it is going to get, because some of those things can easily get worse.
Adani more than doubles wealth, Poonawallas at number 3
Sun Pharma’s Dilip Shanghvi and Uday Kotak re-entered the list this year, replacing Kumar Mangalam Birla of Aditya Birla Group and Jay Chaudhary of Zscaler, according to the study based on estimates till August 30, 2022.
Wall Street slumps as investors absorb hawkish Fed rate message
However, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.
Exit barriers for customers not acceptable: Sebi Chief to Fintechs
If the regulator senses that there are inadequate disclosures then the question is, is the investor being misled or if he is being conned? If your business model is woven around a black box which is not open to sunlight or is not capable of being validated or audited it cannot be permitted, said Buch.
Fed delivers third-straight big hike, sees more ahead
In a statement Wednesday following a two-day meeting in Washington, the Federal Open Market Committee repeated that it “is highly attentive to inflation risks.” The central bank also reiterated it “anticipates that ongoing increases in the target range will be appropriate,” and “is strongly committed to returning inflation to its 2% objective.”