India weighs options against EU law on retaliatory tariffs
Officials said the EU law violates global trade norms and can become another dispute at the organisation. While the EU has not invoked the law as yet, New Delhi is also examining if it can retaliate by imposing higher duties on products coming from the EU against the quota restrictions put in place by the […]
Fall from grace! Tesla loses most in April among top 20 global companies
Among the top 20 global companies by market cap, Tesla Inc was the biggest loser in April
Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India
India’s first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, […]
Tech View: Nifty forms red-bodied candle. What should traders do on Thursday expiry
Present minor weakness or consolidation movement could end up with the formation of another higher bottom at the lows. Hence, the present weakness with range movement could be a buy-on-dips opportunity, said Nagaraj Shetti, Technical Research Analyst, HDFC Securitie
Need to focus on infra, investment, innovation, inclusivity for sustainable growth: Nirmala Sitharaman
Elaborating on the four Is, the Minister said investment is essential to spur infrastructure development, which has a potential to generate jobs. The third I is for innovation, she said adding innovative solutions from startups are required to deal with issues facing the countries.
Retail investors’ avg ticket size declines to Rs 68,321 in FY23
The average retail investor ticket size in mutual funds dropped by 3% to INR68,321 in March from the previous year, according to data from the Association of Mutual Funds in India. Conversely, institutional investors had the highest ticket size in that period, with INR10.11 crore ($1.34m) average per account. The average holding period of equity […]
Go First CEO blames Pratt & Whitney for bankruptcy; sees huge potential to revive and operate again
Go Airlines CEO, Kaushik Khona, states that Go First has “a huge potential to revive and operate again very soon” and would do so if Pratt & Whitney honours their contract. The airline has lost almost $1 billion since June 2020 due to the aircrafts on the ground compensation caused by the absence of engines […]
Chart Check: This multibagger stock could hit fresh record highs post breakout; time to buy?
Xpro India, a packaging industry company, has witnessed a more than 6000% rise in its stock price over the last three years and is expected to reach fresh record highs in the next six months, according to experts. The stock surged by over 20% in a month after bouncing back from hitting a low of […]
Singapore govt’s Indian equity portfolio: 4 stocks surge up to 40% in 2023
The Government of Singapore (GoS) is one of the high-net-worth investors in Indian equities through the foreign institutional investors’ platform. A March quarter shareholding report showing their public ownership of 51 BSE-listed stocks valued at approximately Rs 1,60,000 crore. This list is not comprehensive and only includes companies in which the GoS holds more than […]
Global rate hike push slows to a trickle in April ahead of busy May
Interest rates hikes globally slowed down in April due to consistent inflation and sluggish growth prospects. In March, six interest rate hikes took place compared to two in April in five meetings by central banks over the 10 heavily traded currencies. Policy makers in Canada, Japan, and Australia held fire, while New Zealand and Sweden […]