India faces global shocks with better balance sheets; medium-term growth outlook good: CEA V Anantha Nageswaran
“Overall, all things considered, including the risk of oil price, I do believe that the external situation will be manageable, of course with some anxious moments to come,” he said while speaking at an event organised by National Council of Applied Economic Research (NCAER) here.
Edmond Jackson’s tips to avoid investment mistakes and accumulate wealth
Famous analyst Edmond Jackson says investors should have a flexible and pragmatic approach to investing, with a particular focus on the processes of change. He says investors should have a sense for dynamics at the economic, company and stock market perception levels which can be key to investment success.”Business moves on, investment ideas must adapt,” […]
Powell snub leaves stock bulls facing ruthless valuation math
Even after a massive valuation correction, stocks are far from screamingly cheap, going by past bear-market bottoms. At the low in October, the S&P 500 was trading at 17.3 times profits, exceeding trough valuations from all 11 previous drawdowns and topping the median of those by 30%.
Power Grid Q2 Results: Profit jumps 9% YoY to Rs 3,651 crore; revenue up 7%
The company reported an increase of more than 7% in revenue from operations at Rs 10,665.7 crore in the July-September 2022 period compared to a revenue of Rs 9,930.74 crore in the year ago period.
Infosys likely to reclaim No. 2 spot from Cognizant soon
Infosys in the September quarter had revenue of $4.6 billion, just $300 million lower than Cognizant’s $4.9 billion. And there’s a huge gulf between the two companies’ growth rates. While Infosys grew at 18.8% year-on-year in constant currency in the quarter, Cognizant’s growth was a mere 5.6%.
The double-edged sword called pre-IPO investments
The reasons are two-fold: the focus on profitability has become key criterion investors now seek for new-age start-ups looking to get listed. Secondly, due to reducing liquidity scenarios, public markets have started to give a far lower multiple to such businesses.
FPIs buy ‘battered’ tech stocks after remaining sellers for a year
Between October 2021 and September 2022, FPIs were net buyers of IT stocks only in August 2022 when they bought shares worth ₹397 crore, show data compiled by primeinfobase.com. Between October 1 and 15, FPIs sold IT shares worth ₹1,665 crore. Investors have dumped IT stocks amid concerns over their prospects in the wake of […]
Rush to cash is at fastest pace since pandemic: BofA
The asset class had inflows of $62.1 billion in the week through November 2, according to a note from the bank citing EPFR Global data. That’s contributed to $194 billion of inflows into cash since the start of October – the fastest start to a quarter the pandemic roiled markets in the second quarter of […]
Wall St Week Ahead-Inflation data, midterm elections loom for struggling U.S. stock rally
Consumer price data has driven huge market moves this year, as surging inflation forced investors to ramp up expectations for Fed rate hikes. A stronger-than-expected reading on Nov. 10 would likely bolster the case for the Fed to continue.