Over 5.25 crore subscribers enrolled in Atal Pension Yojana
The scheme was launched on May 9, 2015, by Prime Minister Narendra Modi with the objective of delivering old-age income security to all citizens of India, particularly to the workers in the unorganised sector.
Tech View: Nifty momentum indicators hint at weakness. What should traders do on Friday
The Nifty formed a bearish candle and closed nearly flat, and needs to hold above 18,250 zones to move upwards towards 18,400 and 18,442 zones; support is placed at 18,181 and 18,081 marks. India VIX rose by 1.03%, and volatility has been increasing for the last four sessions. Analysts suggested that Nifty is expected to […]
Government working to bring in e-commerce policy, rules under consumer protection act on same page
Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that once the e-commerce policy will be finalised, it will be put up in the public domain for views. “We are holding discussions to harmonise e-commerce policy and e-commerce rules under the consumer protection act…While doing so, we will […]
India’s economy and the ‘elegant excuse for being incompetent’
External Affairs Minister S Jaishankar, known for his sharp comebacks, waded into the ‘services-versus-manufacturing’ debate yesterday. “I have always believed that this focus on services was actually an elegant excuse for being incompetent in manufacturing,” he said in his inimitable style.
Dr Reddy’s tumbles 7%! Here’s what brokerages recommend
Dr Reddy’s Laboratories reported an 890% YoY surge in March quarter profit at Rs 960.1 crore but shares tumbled nearly 7% to Rs 4,545 in Thursday’s trade. While its revenue from operations increased by 15.28% YoY to Rs 5,843 crore, total expenses were down 4% at Rs 5,132.2 crore. US revenues fell 17% QoQ. Jefferies […]
Bank of England set to raise UK interest rates to highest level since 2008
The Bank of England is expected to raise interest rates by 0.25% to 4.5% as it tackles inflation in the country. It is the bank’s 12th rate increase since late 2021 and the highest level since late 2008. This action was taken to keep a lid on the rising prices stoked by bottlenecks and Russia’s […]
L&T to focus on cost and cash management: R Shankar Raman
Our focus has been in FY23 to complete our commitments as much as we have scheduled to, so that the conversations around what compensations to be made to the contractor can happen at the backend of the contract.
Neither PE nor PB, Mukherjea uses this metric to pick financial stocks
When valuing Indian financial stocks, traditional methods like discounted future cash flows are impractical due to their lack of free cash flows. Dalal Street’s top stock picker Saurabh Mukherjea recommends using the “residual income” model instead. The model calculates return on equity (ROE) minus cost of equity (CoE) to determine the economic value add of […]
We are on the cusp of inflection point where implied volatility can spike: Sandeep Tandon
I think L&T being a leader should be a good opportunity if somebody has a longer term perspective. If we remain very constructive on the capital goods space and we like to identify all the companies which has scaled and has potential to deliver the projects on time and some of these names qualify for […]
10 stocks that saw strong QoQ EPS growth in Q4. Do you own any?
Earnings per share (EPS) indicates how much money a firm earns for each share of its stock and is a widely-used metric to estimate corporate value. A higher EPS indicates greater value because investors will pay more for the company’s shares if they believe the company has higher profits relative to its share price.According to […]