Exports unlikely to be impacted by EU deforestation law
The legislation seeks to prohibit products such as palm oil, coffee, cattle, cocoa, rubber, soya, timber, printing paper and derived products in the EU, that came from land that was deforested after December 31, 2020. The rules cover imports and domestic production.
Shankar Sharma-owned smallcap stock rallies 75% in 12 sessions despite unfavorable Sebi order. Should you buy?
Brightcom Group stock shot up nearly 5% on Wednesday, extending gains to 12 consecutive sessions. The stock, held by ace investor Shankar Sharma, has gained nearly 75% since it hit its 52-week low of Rs 9.35 on May 2, 2023. Sharma held 25,000,000 shares in the company as of March 2023 quarter, which accounted for […]
Considering extension of PLI scheme to some labour-intensive sectors: DPIIT Secretary
“PLI scheme is showing significant dividends across many sectors. The intention is to also roll out this PLI scheme for more labour-intensive sectors such as toys, leather and footwear and other such sectors where employment benefits will be more significant,” Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh […]
Tech View: Nifty charts hint at consolidation ahead. What should traders do on Thursday expiry
Nifty on Wednesday formed a long negative candle with a lower shadow on the daily charts, indicating support-based buying despite pressure at high levels. Now, it has to hold above 18,181 zones to witness an up move towards 18,333 and 18,400 zones, while on the downside supports are placed at 18,081 and 18,018 marks. Chandan […]
Defying the storm! Two midcap IT stocks ready to soar amid macro turmoil
ICICI Direct has identified two IT stocks that it believes will weather the current macroeconomic headwinds and deliver industry-leading growth in FY24. Persistent Systems and Happiest Minds are both expected to benefit from the digital transformation of enterprises, with Persistent Systems crossing the $1 billion-revenue threshold in FY23 and Happiest Minds being given a target […]
Further study needed on CBAM impact on trade, enterprises, consumers: Piyush Goyal
October 1 this year, when non-EU steel producers must report direct and indirect emissions. Domestic companies from seven carbon-intensive sectors including steel, cement, fertiliser, aluminium and hydrocarbon products would have to seek compliance certificates from the EU authorities to comply with the CBAM norms.
Shift of SGX Nifty to NSE-IFSC exchange to be a watershed moment in history of India: V Balasubramaniam
So effectively we are going to keep the same time and anyone from Japan which opens first in terms of the markets to all the way right up to California and US which is when the markets close, all of them, all those time zones will be serviced through the NSE International Exchange.
2 top stock recommendations from Shilpa Rout
Likewise for Bank Nifty 43,500 looks like a support but if this fall continues then we might see 43,000, 42,800 also coming in.
Our retail growth is going to be faster than corporate growth: Sanjiv Chadha, Bank of Baroda
So as we go ahead, we do believe that our retail growth is going to be faster than corporate growth, although there is no gain saying that today, as we speak, corporate growth has picked up.
India story continues to be very consistent: Prateek Agrawal
We have moved one-and-a-half months into the new year, you take 3% to 4% kind of compounding a quarter, so half of that is over, 1.5% into the new year. So, very much sustainable levels to my mind. If you look at the last 12-13 years of the market, we are at average levels.