ETMarkets Smart Talk: Railway ancillaries and MNC manufacturing stocks could do well in 2023: Pritam Deuskar
The falling yields helped equities rally in November. In terms of inflation, input prices rose the least in 28 months, far below their long-run averages, while charge inflation eased to a nine-month low.
What to expect from Indian markets in 2023 as performance cools
If there is some recovery in global growth and sentiment, over “6-12 months some of these markets that have become oversold may do better than India because India has outperformed so much in the last 18 months,” said Hiren Dasani, managing director at Goldman Sachs Asset Management. “But in the medium term India will do […]
Mystery of Terra collapse deepens with possible FTX role raised
The Terra ecosystem was helmed by the symbiotic relationship between the two tokens that was managed by lines of automated code to govern circulation. If the price of UST went above $1, traders were incentivized to swap Luna for UST at a profit, and vice versa, thus in theory keeping UST’s circulation in check.
India inflation likely softened to nine-month low in November: Reuters Poll
The Dec. 5-8 Reuters poll of 45 economists predicted the second consecutive decline in inflation to an annual 6.40% from 6.77% in October. Forecasts were in a 6.00%-7.02% range.
S&P 500, Nasdaq snap losing streaks after jobless claims rise
Stocks rose as investors cheered data showing the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end of November.
Dollar slips on recession fears, c.bank meetings loom
The number of Americans filing new claims for jobless benefits increased moderately last week, data showed on Thursday, with the so-called continuing claims rising to a 10-month high in late November, adding to fears that the world’s largest economy may enter a recession next year.
As Twitter takes centre stage, Tesla shares see a sharp fall
Elon Musk’s takeover of Twitter may also be weighing down the shares of Tesla. The electric car maker’s shares have slumped more than 47% since Musk on April 14, 2022, announced the intention to buy out Twitter. Tech giants such as Apple, Microsoft, Alphabet, and Nvidia have fallen between 12% and 25% since April 14.
Ruias offer one-time settlement deal for Essar Power Gujarat
Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat’s Jamnagar district, effectively giving banks a recovery of about 36% on their dues. Banks as well as Essar officials are working out legal and other details to complete the settlement, multiple persons aware of the deal, said.
JSPL acquires Monnet Power for Rs 410 crore at auction
Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL’s Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.
India’s Gift City may bring in variable capital companies
Businesses are typically structured as corporates or trusts. The VCC is a specialised structure intended for the asset management industry specifically.