Over 90% of retail investors bet on new-age financial products; will this trend continue?
Blame it on the subdued returns given by assets such as fixed deposits or gold, or the COVID-induced work-from-home environment, retail investors have emerged as a new don of Dalal Street.
Fundamental Radar: 5 reasons why Sumitomo Chemical could hit fresh record highs in next 1 year
Sumitomo Chemical India (SCIL) is part of Sumitomo Chemical Company (Japan) and is a leading player with a 12% share in the India agri-input market. Strong parentage offers a competitive edge in terms of technical capabilities, strong distribution, and R&D support.
Corporate Radar: Can Fin Homes to go ex-dividend, BLS International ex-bonus date & more
Shares of BLS International will trade ex-bonus in the ratio of 1:1. The record date for the same is December 10, 2022. EFC (I)’s board will meet today to consider the conversion of 95,500 convertible warrants into equity shares on a preferential basis to the promoter.
Asian stocks edge up despite global growth worries
The gains in Chinese shares came after some investors booked profits on Wednesday after the government announced sweeping changes to ease a tough anti-COVID policy that has battered the world’s second-largest economy.
Gold prices steady after rising 1% overnight
Meanwhile, China’s exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world’s second-biggest economy. The Perth Mint’s sales of gold products in November dropped nearly 38% from the previous month, […]
IT stocks may have tested a bottom, a sharp correction from here is unlikely: Raamdeo Agrawal
These days, I am getting a lot of foreign visitors. They are telling me that India is a bright spot and are willing to pay for the stability. Valuations are high compared to other emerging markets (EMs) but they have a whole set of problems.
Swiss PE to buy majority stake in Sunsure Energy for $400m
The investment in Sunsure Energy, which has historically built solar plants for commercial and industrial users, is to help transform the company into an independent power producer which will have 3 gigawatt of operational capacity and sell power directly to commercial and industrial customers.
RBI adds more features to UPI, allows multi debits and single block facilities
The Reserve Bank of India (RBI) has said UPI customers can create a payment mandate against a merchant by blocking funds in a bank account for specific purposes, and the funds can be debited whenever needed.
Forex inflows likely to rise, says RBI Governor
“The terminal interest rate for the US Fed is anybody’s guess, but it cannot be the case that their monetary policy will be tightened endlessly,” Das said Wednesday in his monetary policy commentary. “When the tightening is over, the tide will surely turn. Capital flows to India will improve and external financing conditions will ease,” […]
Oaktree may exit from Reliance Capital resolution process
As per the National Company Law Tribunal (NCLT) order, lenders have to complete the resolution process of Reliance Capital by January 31, 2023.