ETMarkets Management Talk: eClerx will deliver margins within target range: Co-founder PD Mundhra
We have experienced strong growth over the last couple of years with growth of 40% in calendar 2021 and 27% in calendar 2022. Our total delivery headcount has also grown by 19% over the last 12 months to 16,697 as of December 31, 2022.
ETMarkets Fund Manager Talk: Scientific allocation process helped this fund manager give index-beating returns in 2022
India’s underperformance started in October 2022 once the pressure on global markets eased. The worst Asian markets of 2022 – China, Taiwan and South Korea — received maximum flows. Lower bond yields and dollar supported US treasuries, IG credit and Nasdaq stocks.
ETMarkets Smart Talk: 4 reasons why FIIs are on the edge when it comes to Indian markets: Aniruddha Sarkar
Firstly, the continued rate hikes in the US and US Fed commentary of further rate hikes are making risk-reward unfavourable towards emerging market equities in an environment of heightened geo-political risks.
Oil steadies as investors await U.S. Fed Reserve comments
Expectations of tighter global supplies and rising demand from China have recently lent support to oil prices. Analysts expect China’s oil imports to hit a record high in 2023 to meet increased demand for transportation fuel and as new refineries come on stream.
Gold ticks higher with focus on Fed meeting minutes
Gold prices inched up on Wednesday, as investors awaited the minutes of the U.S. Federal Reserve’s latest policy meeting that could offer clues on further interest rate hikes.
Sebi seeks details on ratings of Adani companies’ loans and securities
The rating companies were told last week by the Securities and Exchange Board of India (Sebi) to share the information, which would include all outstanding ratings, outlook, and possible updates from any discussions with officials of the business group.
Longer hours to test market and traders
The proposal to stretch trade timings emanates from the belief that Indian exchanges are increasingly being left behind in the global race to attract big volumes and liquidity because of the shorter trading hours.
Mutual Funds raise cash holdings amid uncertainties
This is the highest cash proportion in the past twenty five months or a little over two years, according to the data compiled by a domestic brokerage, Motilal Oswal Financial Services.
India, Singapore launch real-time payments, link UPI with PayNow
The facility was launched through token transactions using the UPI-PayNow linkage. PM Modi called the venture a new milestone in relations between the two countries. “The linkage of Unified Payments Interface (UPI) and PayNow is a new milestone in India-Singapore relations and its launch is a gift to the citizens of the two countries,” PM […]
HC allows trustees bodies to approach CCI on jurisdiction issue
A division bench of Justices GS Patel and Neela Gokhale in its oral order directed the fairtrade regulator to decide on the issue of its jurisdiction first, leaving other contentions open. Till the time CCI decides on its jurisdiction, there will be a stay on its investigation in the matter. The detailed order was not […]