More Asian countries interested in Rupee trade: Central bank executive
“The world can trade two ways – in one currency and the second option is to trade in other currencies. The second one is obviously less risky,” said a central bank executive on the sidelines of the G20 meeting of finance ministers and central bankers.
Adani rout has room to run as charts show 85% call still valid
Four of those seven show a strong potential to be affected by technical levels, according to a Bloomberg analysis.
Odisha’s economy to grow by 7.8 % during 2022-23: Economic Survey Report
Assuming a normal monsoon, no further disruption to global supply chains and moderation in inflation, Odisha can grow in the range of 8 to 8.5 per cent in 2023-24 in real terms, the report said, adding that the state is expected to grow at a rate higher than All-India average growth.
Fitch affirms rating on Adani Transmission’s restricted group notes at ‘BBB-‘; outlook stable
The credit assessment reflects the project companies’ availability-based revenue, with low technical complexity, reflected in high availability levels and operating performance that Fitch expects to remain stable.
Tech View: Nifty ends Feb series with a red candle. What should traders do on Friday
Fear gauge index India VIX moved down 3.30% from 15.59 to 15.07 levels. Volatility slightly fell for the day but overall has been rising from the last four sessions. Option data suggests a broader trading range between 17,200 and 18,000 zones and an immediate trading range between 17,350 and 17,850 zones
Wheat crop in good condition; government’s procurement to be normal: FCI Managing Director Ashok K Meena
“Area sown to wheat is higher than last year. The current condition of wheat crop is very good. Our procurement should be normal at 300-400 lakh tonne in 2023-24,” Meena said in a press conference. The wheat procurement had declined last year due to a fall in domestic production and higher exports, he said.
Now onwards, market upside potential greater than downside risk: Sandip Sabharwal
“The news flow around the Adani group is more or less factored in. The good part always was that large foreign institutions as well as mutual funds, PMS, etc, had very small holdings in these stocks. So to that extent, systemic risk is not so great for the equity markets. The risk was being felt […]
India’s exports may see tepid growth in 2023: Govt
Growth of global trade fell in 2022, “and is expected to be still lower in 2023 with a further decline in volume and value of trade on the back of slowing global output,” India’s Ministry of Finance said in monthly economic report.
Wipro should relook at the strategy of salary cuts for freshers: TV Mohandas Pai
So I do not think they should do it and I feel a bit upset that a great company like Wipro is doing it. I am okay with deferring one or two months because yes like Narayana Murthy says we are all subject to economic cycles. But when economic cycles come I believe senior people […]
Zee valuations at a reasonable level, do not offer too much downside: Karan Taurani
So valuations definitely are important, but what happens from here on in terms of up move will only depend in terms of timelines for the merger.