WTO ruling on Indian duty, if upheld, could hit local production of mobiles
A WTO panel recently ruled that India had violated global trade rules after the European Union challenged the levy of 7.5% and 15% import duty imposed since 2017 on a wide range of IT products, including mobile phones (where the duty was further raised to 20%) and components to curb imports in a bid to […]
KKR and Sekura among companies in fray for Ashoka’s road assets
“While many HAM assets are on sale in the market, they are small two-three asset portfolios. Ashoka’s portfolio is one of the biggest HAM portfolios available and hence it has seen interest from multiple players such as KKR, Edelweiss, Cube as well as Shrem,” said one of the people.
Not activating counter-cyclical capital buffer, says RBI
The framework on the countercyclical capital buffer (CCyB) was put in place by the Reserve Bank of India (RBI) in terms of guidelines in February 2015 wherein, it was advised that the CCyB would be activated as and when the circumstances warranted and that the decision would normally be pre-announced.
India’s merchandise exports may cross USD 500 bn this fiscal: Exporters
Federation of Indian Export Organisations (FIEO) said they are targeting to take the shipments to USD 500 billion-510 billion during the current financial year.
Formal job creation under EPFO falls in February
As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the retirement fund body at 1.48 million in January. According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the […]
Tech View: Nifty charts signal fatigue among bulls, consolidation likely to continue
The Indian benchmark Nifty 50 traded within a narrow range amid bouts of profit booking, with support at 17,550 and 17,442 points on the downside, and resistance at 17,717-17,777 levels. Analysts suggest the market is witnessing a non-directional activity near the 200-day SMA, and while the daily momentum indicator has triggered a fresh negative crossover, […]
MPC Minutes: War against inflation not yet won, premature to declare end to tightening cycle, says Jayanth Varma
Two inflationary risks have come to the fore since the February meeting. The first risk emanates from the announcement of an output cut by OPEC+ during the weekend just before the MPC meeting. The second risk relates to the monsoon, said Jayanth Varma.
Ashish Kacholia adds 3 new stocks to his portfolio, raises stake in 2 others in Q4
Ace investor Ashish Kacholia increased his stake in Garware Hi-Tech Films and Knowledge Marine & Engineering Works during the March quarter, while adding three new stocks to his portfolio. Kacholia’s new holdings include Aditya Vision, Inflame Appliances and Virtuoso Optoelectronics, all acquired during Q1 2021. Kacholia publicly holds 44 stocks, with his overall net worth […]
IT stocks: Down up to 50% from peak, are Street’s poster boys cheap enough?
Infosys stock, which is down over 35% from its all-time high level, is available at 21.71x PE vs its 5-year average PE of 25.59x. Similarly, IT bellwether TCS is down over 22% from peak and is not finding enough takers at 27x PE, below the 5-year average of 29x.
Death Crossovers: These 3 stocks signal bearishness on April 20
In the NSE list of stocks, three stocks with a market cap of over Rs 100 crore have been witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its […]