Guidelines for receiving foreign hospitality revised
The revised guidelines issued on Monday relate to laws that need to be adhered while accepting the foreign hospitality or contribution. Under the powers to the central government, it may further prohibit “any person or organization other than government officials from accepting any foreign hospitality.”
Fallacies of past performance; learnings from SoftBank
In June 2019 results, SVF reported over $20 billion in investment gains. The going was so good that SoftBank announced the launch of SVF2, hoping to collect over another $108 billion. Saudi SWF didn’t participate in thesecond fund but it still ended up with a total commitment of $56 billion.
Pre-Budget meet: Infrastructure sector demands rationalisation of GST, easier bank credit, hike in public expenditure
Cellular Operators’ Association of India (COAI) in its presentation to the Finance Minister has sought a reduction of levies and taxes on the telecom sector amid new new-age 5G networks and services roll out across the country. “…our demand for cost reduction should be looked at expeditiously,” Director General of COAI SP Kochhar said
Kaynes Technology poised for strong debut at D-st? Here’s what the grey market is signalling
Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.
Rupee slips on safe-haven dollar demand, Fed minutes in focus
Concerns over China’s economic outlook dampened risk appetite, boosting demand for the safe-haven dollar. The dollar index climbed 0.8% to 107.80, while the offshore Chinese yuan declined by about the same margin.
Goldman Sachs cuts 4Q oil forecast by $10/bbl on China ‘speed bump’
“We still believe Russian production will decline about 0.6 million barrels per day from here, with risks of a deeper, more abrupt disruption, still present,” the bank said, warning that inventories could deplete once again in the first half of 2023 if OPEC and its allies maintain current output quotas.
Should you hold Archean Chemical after listing pop or book profits?
The majority of the analysts remain positive on the counter in the longer run suggesting investors to stay put as they see more steam left in the shares. However, a few suggested booking profits after the listing pop.
Tata Consumer, ICICI Bank among 8 stocks that can deliver strong returns in near term
Market participants believe that new highs are on the cards. Analysts suggest that positions in select stocks can reward investors.
Axis Bank, Titan among top stocks to buy post September quarter results
Overall performance in consumers was majorly driven by value as volumes remained subdued on a higher base. While commodity costs have shown signs of stabilisation, many of them remain at high levels.
At multi-year highs: These 4 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on November 18, suggesting bullishness in counters.