Day: February 27, 2023

Inflation big concern in 10 states going for elections in next 2 years

Ten of the 14 states that are headed for elections over the next two years have inflation above the RBI’s upper tolerance limit of 6%. According to an ET analysis, inflation rates in nine of them are nearly twice what they were five years ago, when elections were last held there.

India’s growth story doesn’t exclude poor or middle class: FM Nirmala Sitharaman

She cited the examples of Vande Bharat trains and the Udaan initiative to buttress the fact that the government wants common citizens, and not just the privileged ones, to experience quality train or air travel. “Growing India doesn’t exclude the middle class or the poor,” she said, while addressing students at an event in Sikkim.

Wheat prices may go below MSP as arrivals begin in Gujarat, MP

Prices are expected to go below the minimum support price (MSP) by mid-March, when arrivals will pick up further. Meanwhile, Food Corporation of India (FCI) has called a meeting of wheat growing states on March 1 to take a call on starting procurement operations for the 2023-24 rabi marketing season. It is expected to consider […]

Bihar grew at 10.98% in FY22: Economic Survey

“Bihar economy posted a strong recovery in 2021-22 as the Gross State Domestic Product (GSDP) at constant prices recorded a robust growth of 10.98 per cent, whereas, the national growth rate was 8.68 per cent during the same period,” the minister said.

JPMorgan investment arm purges its ESG funds of Adani stocks

The JPMorgan Global Emerging Markets Research Enhanced Index Equity ESG UCITS ETF offloaded the more than 70,000 shares in cement manufacturer ACC Ltd., exiting a stake it’s held since May 2021, according to a data review by Bloomberg that looked at movements following the Jan. 24 publication of the Hindenburg report.

Aashish Somaiyaa on 3 reasons for market’s underperformance

While valuations have become cheaper compared to where it was one and a half year back but the reality is that there is sector rotation, there is inconsistency in performance in certain sectors and I think those fundamentals, sustenance or sustainability of fundamentals also causes some kind of doubt in people’s minds

2 top stock recommendations from Sarita Pansari

​FMCG is holding because of ITC. Auto is nearing support levels and Dow also made a low of 32,643 and it has broken its 200-EMA and now the Dow if it breaks 32,400, then this can also go to 31,750.

We aspire to become a $100 billion company by 2030: Deepinder Goyal

IPO was a big thing and it changed a lot of people’s lives. So, a lot of people’s personal lives changed, a lot of people’s mindsets changed, ambitions, hunger like so many things changed, like their form changed and yes that was it and then suddenly we were like okay let us just like usher […]