ETMarkets Smart Talk: Azeem Ahmad of LIC MF hands out a 7-point checklist for bottom up stock picking
2023’s narrative is around slowing growth and peak inflation. This has been cheered by financial assets, with S&P500 moving up 9% YTD and MSCI EM moving up 10%.
Adani isn’t the only Indian tycoon in trouble: Andy Mukherjee
The next few weeks will be crucial for fundraising. If it fails, the issuer’s B- credit rating, already deep in the junk-bond category, could come under pressure, S&P said this month. Adani’s net debt pile of $24 billion may be three times as large as Agarwal’s, but his bonds are still rated at the lowest […]
Emerging markets will have to weather another dollar hurrah
With the bulk of Federal Reserve aggressive rate increases already over, some of the world’s top investors predict the dollar will soon fall into a multi-year weakening trend. Such a shift stands to support emerging markets — and indeed propelled gains of nearly 9% in developing currencies from late October to early February.
Adani’s world tour seeks to win back debt investors’ faith
Adani’s ports-to-power empire is seeking to shore up support after US-based Hindenburg Research in January alleged malfeasance, wiping nearly $150 billion off its stock market valuation. Adani Group has repeatedly denied those claims.
Nifty oversold, can consolidate at 17,200-17,900: Analysts
Based on the rollover analysis and chart setup, we expect midcap IT, defence, and CPSE space to outperform with long build-up visible in names such as UltraTech, ONGC, Siemens, IGL and Polycab, and short build-up in banking, oil & gas, metals, auto, and real estate with stocks like M&M, JSW Steel, Jindal Steel, Hindalco, HPCL, […]
Greenko Energy to prepay bonds worth $500 million
This development comes just days after it fully redeemed the entire outstanding $435 million bonds, due for maturity in March, having refinanced them through a bridge loan from global banks JP Morgan, Barclays, DBS Bank, among others, amid hardening rates, ET reported on February 22. It paid investors in full their principal amount together with […]
DoT nod soon for Vodafone Idea’s payment plan
The company had submitted the plan after the government asked it to provide a tentative date for making the payment as the telco is believed to have paid just around 10% of its statutory dues for the period.
IPO drought to end in March with nine companies seeking to raise over Rs 17,000 crore
Companies planning to enter the primary market in the next 4-6 weeks, according to bankers, include Avalon Technologies, Capillary Technologies, Cogent Systems, Divgi TorqTransfer Systems, Mankind Pharma, Nexus Malls REIT, Signature Global, TVS Logistics, and Utkarsh Small Finance Bank.
Rare-Naman leads race for Rajesh Lifespaces’ hotel arm
The consortium’s offer of ₹461 crore upfront with another ₹31 crore in equity in the company is likely to be declared as the top bid by bankers next week, following which it will be put to vote, people aware of the development told ET.
More tightening will be required if fiscal cooperation is absent: Christine Lagarde, President, ECB
I see the Indian G20 presidency as a fantastic opportunity for India to draw on its own experience in the field of digitalisation, digital currency, regulatory environment for cryptocurrencies and to push that agenda on a universal basis to bring some sanity into this particular sector, says Christine Lagarde.