Consumption demand should come back by March 2023: Shirish Pardeshi
I think there is a dichotomy and when we look at the urban consumption, the urban consumption is largely driven by the large pack but when you say the down trading, there is a downsizing which is actually happening
ETMarkets Smart Talk: Planning to invest in small & midcaps in 2023? Go for bottom-up stock picking: Nitasha Shankar
While we will avoid comments on specific companies/groups, we don’t think that group specific concerns would dent the image of the entire country.
ETMarkets Fund Manager Talk: Adequately exposed to capital goods stocks as govt capex positive: Alok Singh, BoI MF
Our flagship fund in ELSS, smallcap, aggressive hybrid are doing well, and in fact, from a 3-5 year time horizon, they were best performing in their respective category. We can simply say that few of our schemes have performed well in comparison to the benchmark.
Big Movers on D-St: What should investors do with Siemens, Jindal Saw and Torrent Power?
Stocks that were in focus include names like Siemens which was up over 3%, Jindal Saw rose nearly 5% and Torrent Power rallied more than 10% on Wednesday.
RBI okays licences for 32 payment aggregators
This is the first time RBI has released a list with “current application status” for all payment aggregators, saying it is in the interest of “greater transparency.” The list, the banking regulator said, would be updated every fortnight. The current status is as of February 15 and scrutiny of applications is still underway.
Corporate revenue, profits see muted growth in December quarter
As anticipated, the third quarter operating margin showed a sequential improvement reflecting moderation in the input cost inflation
Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASREC
The Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASREC is not challenged, it will equate to a recovery of 40 paise on a rupee for J&K Bank.
Diamond units cut capacity by 40%
“We do not know how the geopolitical tension will pan out in the coming days. Both the US and China are important markets for us,” said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council (GJEPC). Tensions between the US and China flared in recent weeks with the US forces shooting down a suspected […]
Commercial users rush to LPG as LNG prices pinch
Total LPG consumption in India amounted to 21,256 thousand metric tonnes from April-December 2022, up 1.8% from a year earlier, according to the oil ministry. The consumption by households, which comprise about 89% of total consumption, was up barely 0.3% year-on-year but sales to commercial users saw a surge. Packed LPG sold to commercial customers […]
Biocon plans to sell stake in Biologics to pare debt: Shreehas Tambe, Biocon Biologics
“There are several other discussions that we have been having with private equity investors who are interested in making an investment in Biocon Biologics and that will help us bring down the $1.2 billion debt … help us reduce the interest component that we see in the P&L,” Shreehas Tambe, chief executive officer and managing […]