Panel to weigh competition law for digital companies
The move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).
Thyrocare CEO speaks on margin contraction; says not in talks to sell stake at present
“I have been guiding in all our investor calls that margin will be in that 30% ballpark. As I said in the last quarter, given that we have a lot of dollar exposure on our raw materials, we saw some price hikes from our vendors but we were able to pass them through into the […]
PLI scheme attracted Rs 45,000 cr investment, created 3 lakh jobs: NITI Aayog CEO
The scheme, which aims to make domestic manufacturing globally competitive, was rolled out with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel.
Learn with ETMarkets: All about leverage & position sizing in options trading
Both margin and leverage look very similar to each other but there is a slight difference between the two. Leverage can be expressed in terms of ratio. In the above example, we got margin benefit and were asked to pay only Rs 5,000 for the underlying value of Rs 20,000 so in this case our […]
Morgan Stanley on RIL: Recovery in energy biz key to raising investor confidence
Morgan Stanley believes that improvement in the energy business is key to raising investor confidence in the conglomerate’s earnings. Over the past 6 months, volatility in energy markets, investments in 5G telecom services, absence of tariff hikes, and higher global rates have driven a 6% cut in consensus estimates for RIL, reversing the trend of […]
Chart Check: Breakout on daily & weekly charts makes this Sensex stock attractive; likely to hit fresh record highs
The Relative Strength Index (RSI) is at 61.7. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.
India Inc’s Q3 scorecard better than expected; which stocks to buy, hold or sell now?
Companies in the automobile, cement, capital goods, fast moving consumer goods, and consumer discretionary sectors got some respite on the cost front as prices of several commodities and other inputs eased in the quarter.
Paytm stock climbs over 7% as Q3 EBITDA turns profitable. Should you buy, sell or hold now?
The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage. Paytm parent’s consolidated revenue from operations increased by 42% year-on-year (YoY) to 2,062 crore, driven by an increase […]
Market eyes RBI policy outcome after Budget 2023 & US Fed last week: Kunal Shah
The Indian indices witnessed a sharp fall in the past week on the back of the Adani news. The Nifty and the Bank Nifty breached their critical support zones of 18000 and 42000, respectively.
Puffing on! ITC shares hit record high on Q3 results. Should you buy, sell or hold?
We expect the strong business growth momentum to continue across divisions. In cigarettes, we believe a pragmatic tax regime not only acts as fodder for volume growth from illicit but also increases its predictability premium.