ETMarkets Fund Manager Talk: This smallcase manager is against “all-at-once” or “all-in-one basket” type of investing
Hence, a fall in volumes and daily turnover makes it weak for the bulls to carry on any market momentum, causing profit booking at higher levels and market underperformance.
Dollar steady after Fed’s rate pause hints, yen rises
“Central banks have already delivered the interest rate rises following the recent banking turmoil,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia, adding that currencies would continue to be driven by headlines on the banking sector.
Sebi set to end permanent board positions
The Sebi board will consider a proposal to end the practice of directors occupying permanent board seats at listed companies. This will have to be subject to periodic approval by shareholders, at least once in five years, according to the proposal.
PNB’s AT1 issue opens today, base size at Rs 500 cr
This will be the first AT1 bond issue from India after the collapse of the Swiss bank Credit Suisse over the weekend. Bank officials said that the uncertainty in global banking is unlikely to have any substantial impact on the lender’s issue.
Dalal Street indices slide after US Fed hikes rates
“The stock market had priced in this muted rate hike but it has taken note of the impact on the cost of funds and tightening liquidity situation,” said Gopal Kavalireddi, research head, FYERS Securities. “The Fed commentary also signalled for maintaining the focus on inflation even as there is a banking crisis and the risk […]
HAL offer looks good for retail investors; 15-20% gains likely
The government is selling up to 3.5% stake in HAL through an OFS to raise around ₹2,867 crore. The government has set a floor price of ₹2,450 a share. The OFS will be open for retail investors on Friday, March 24. About 10% of the offer size is reserved for retail investors, subject to the […]
FSIB recommends Siddhartha Mohanty as LIC chairman
The Financial Services Institutions Bureau (FSIB) on Thursday recommended the name of Siddhartha Mohanty as the chairman of Life Insurance Corporation of India (LIC).
Competition builds up fast for FMCG companies
To be sure, RIL is not alone in articulating its FMCG ambitions. Amul India’s goal, under its new CEO, is to become a total foods company and not just a dairy major. Mondelez, meanwhile, has announced plans to invest ₹4,000 crore over next four years in the Indian market. Tata Consumer Products (TCPL) has been […]