Big Movers on D-St: What should investors do with Vedanta, UCO Bank and HDFC Bank?
The largest private sector bank in India is HDFC Bank, whose share price has been among those that have given investors multibagger returns over the previous ten years. But, during the 1.5 years, HDFC shares have disappointed investors.
Gold prices dip as dollar firms ahead of U.S. inflation data
Three Fed officials kept the door open on Thursday to more rate hikes aimed at lowering high levels of inflation, with two noting banking sector problems could generate enough headwinds on the economy to help cool price pressures faster than expected.arket
Shriram Finance raises $150 million from MUFG
The notes are secured by a fixed charge over specified receivables, in line with the company’s domestic secured bonds and its senior secured debt issued overseas in US dollars and rupees.
Global Green Finance wakes up to Indian opportunities
Global development finance institutions and funds are ready to offer long-term support in the form of equity and debt at cheap rates to projects like solar energy and hydro power that help reduce the carbon footprint.
Rich investors stare at a possible higher tax outgo after Sebi tweaks AIF rules
Such funds have been given two alternatives by the regulator: one, they could sell the illiquid investments to a new scheme within the same AIF; two, they could do what is called in-specie distribution where the fund transfers shares or securities to each investor based on their unitholding.
NCLAT dismisses Jindal plea over Mittal Corp
A two-member NCLAT bench observed the lenders of Mittal Corp were “empowered to issue fresh RFRP” when none of the resolution plans had been approved by the committee of creditors (CoC). NCLAT said issues raised by Jindal Stainless subsequent to February 10, 2023, when RFRP was issued, need no consideration.
Zydus Wellness promoters’ stake hike point to good times ahead
The buying spree precedes the seasonally strong quarters of March and June at a time when the stock has lost over 14% from the peak of ₹1,971.2 seen in early November 2022 making it among the cheapest stocks in the fast-moving consumer goods (FMCG) sector.
Analysis of macros should aid, not override bottom-up stock selection: Anshul Saigal
The Nifty 50 declined by 2% CAGR between October 1, 2010, and September 30, 2013. In US dollar terms, Nifty 50 underperformed other markets too. The benchmark index declined by 34% in dollar terms, S&P 500 was up 47%, and the MSCI World index was up 30% during this period.