Urban governance reforms likely to receive push in Union Budget
The finance minister may announce a new five-year mission and create a competition fund to incentivise urban reforms. States will be able to tap into the fund if they achieve certain benchmarks like covering 20% of expenditure through collection of user charges.
US stocks edge up ahead of busy earnings week, Salesforce rises
The Dow Jones Industrial Average rose 64.07 points, or 0.19%, at the open to 33,439.56
Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers
The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
Reserve Bank of India says no foreign investment cap on sovereign green bonds
The proceeds will be used to fund solar, wind and small hydro power projects, including other “public sector projects which help in reducing the carbon intensity of the economy,” the RBI said. The fully accessible route includes securities which do not have any restrictions on holdings by foreign investors.
LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth
“We are confident in our understanding of the current methodology and rule out its inclusion in this review,” said Abhilash Pagaria, head – of alternative and quantitative research at Nuvama Wealth, in a report on Monday.According to Nuvama Wealth, until the merger got completed and fresh shares were credited to the shareholders, NSE considered L&T […]
Ashish Kacholia picks 3 new multibagger stocks that have risen up to 3,000% in 5 years
During the December quarter, Kacholia added Goldiam International, Raghav Productivity Enhancers and Knowledge Marine & Engineering Works to his portfolio.
Bandhan Bank rises over 5% after Q3 results. Time to buy, sell or hold?
“We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks […]
Beat the Street in Peter Lynch style with these 10 Indian stocks
Hot Stocks: Global brokerages on JSW Steel, RIL, Bandhan Bank, SBI Life, HDFC Life post Q3 results
Citigroup downgraded JSW Steel to a sell rating from neutral post December quarter results with a target price of Rs 675.
Climate change: Punjab’s cotton, maize yield to dip by 11-13% by 2050, says report
The study published in the Mausam journal of the India Meteorological Department earlier this month used rainfall and temperature data collected between 1986 and 2020 to project the impact of climate change on five major crops — rice, maize, cotton, wheat, and potato — in the agrarian state.