Big Movers on D-St: What should investors do with Finolex Cables, APL Apollo and ACE?
The counter has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of a bullish flag formation. The stock is trading above its important moving averages.
Berkshire dumps shares in TSMC, banks; increases Apple stake
It is rare but not unprecedented for Berkshire to quickly undo a multi-billion dollar investment in a company’s stock. In the first quarter of 2022, Berkshire sold nearly all of what had been an $8.3 billion stake in Verizon Communications Inc that it amassed in late 2020.
Gold ticks higher as dollar weakness offsets rate-hike bets
The consumer price index increased 0.5% last month, the Labor Department said on Tuesday, in line with expectations. In the 12 months through January, the CPI increased 6.4% which was the smallest gain since October 2021 and followed a 6.5% rise in December.
Hot inflation lifts yields, puts rate hike in play
A pause in rates is a higher probability, economists said, though one more reading of inflation numbers is expected before the Reserve Bank of India’s next policy review in April. The benchmark 10-year bond yield rose to 7.41% intraday from Monday’s close of 7.36% but slid to close at 7.37% later in the day.
Investor confidence in India remains intact: Blackstone
He added that as more investors get comfortable with India there could be more foreign capital inflows to the country. Some recent events in the country’s financial markets will not have a bearing on those.
No major risk to banks from Adani crisis, says S&P exec
However, Dangra also pointed at a number of factors to suggest the crisis doesn’t seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system’s exposure to Adani Group is less than 1%, he said.
ADIA, Goldman Sachs, Carlyle eye TVS Motors’ EV arm with $300 mn-$350mn cheque
If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.
ESG gatekeeper readies a verdict on Adani Group companies
MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff. If it reflects a significant downgrade in the ESG ratings of any of the Adani companies, they could be removed from ESG […]