India plans to challenge EU carbon tax at WTO: Sources
Last month, the European Union approved the world’s first plan to impose a levy on high-carbon goods imports from 2026, targeting imports of steel, cement, aluminium, fertilisers, electricity, and hydrogen, aiming to become a net zero emitter of greenhouse gases by 2050, ahead of India’s target of 2070.
Exporters see 11-13% growth in FY24
Exporters expect a growth of 11-13% in FY24. Cotton textile and apparel exporters expect 8-10% on-year growth in FY24. India clocked $450 billion exports in FY23. Exporters expect business to resume fully after July, pinning their optimism on recovery in the advanced markets and improved order book.
CBAM no tariff barrier, India’s high tariffs help compete with non-transparent nations: Piyush Goyal
Addressing the media after the first India-EU Trade and Technology Council meeting in Brussels, he also said that India has to keep tariffs high on many products at times to compete with certain geographies which are “very non-transparent” and the developed countries are the “unintended consequence of the high tariffs”.
Mining minnows? Here’s a list of top smallcap buys & sells by MFs in Apr
According to a report by ICICIDirect, top mutual funds bought and sold these 10 smallcap stocks in April
What should be investment strategy for HNIs after tax blow to Debt MF?
Changes in taxation for debt mutual funds have led to a shift in investment strategy for high net worth individuals. Debt funds no longer offer the same high post-tax return and diversification, requiring investors to look for alternative investments to diversify their portfolio risks. Advisors suggest a three-part investment strategy to replace debt funds that […]
Bullish on capex and realty stocks? L&T, Greenpanel among 19 ideas from ICICI Securities
ICICI Securities has suggested 19 stock ideas to invest in realty and capex themes, citing a broad-based upcycle in the area as one driver. The brokerage predicted the end of the interest rate hike cycle would trigger further investment and that a recent expenditure push by the Indian government had fuelled real estate investments. It […]
LIC to declare fourth quarter results on May 24
Life Insurance Corp (LIC) will announce its Q4 earnings on May 24. In Q3, the state-owned insurer posted a 14.6% YoY rise in gross premium, a 31.2% YoY increase in single premium, a 10.8% rise in first-year premium, and a 5.9% uptick in renewal premium. LIC recently appointed Siddhartha Mohanty as chairman of the firm […]
These 4 commodities stocks touch their new 52-week highs; do you own any?
Tech View: Nifty charts hinting at profit booking ahead. What should traders do on Wednesday
India’s headline equity index Nifty closed below the 18,300 mark, forming a bearish engulfing candlestick on the daily chart to finish 112 points down. Chandan Taparia of Motilal Oswal noted that the Nifty had to hold above 18,250 zones to witness an upmove towards 18,400 and 18,442. Experts said that technically, a reversal formation and […]
NSE gets approval to delist Nifty50 from SGX, SGX Nifty rechristened GIFT Nifty
The National Stock Exchange of India has been granted regulatory approval to remove Nifty50 futures from the Singapore Exchange, however, investors who use SGX Nifty as an early indicator will not be impacted. All trades on Nifty 50 futures on the Singapore Exchange will be taken over by the NSE IFSC Exchange and it’s subsidiary […]