Powell signals a June pause, says Fed can afford to watch data
Federal Reserve Chair Jerome Powell suggested that the bank is willing to stop interest-rate increases next month, and said tighter credit conditions could mean the peak in policy will be lower. He said, “having come this far we can afford to look at the data and the evolving outlook to make careful assessments.”
JSW Steel board approves plans to raise up to Rs 17,000 cr; $1 bn from international markets
In addition to the issuance of convertible securities and non-convertible debentures, the board also approved raising Rs 3,000 crore through private placement and/or public issuance. The funds will be used to replace short-maturity loans, meet working capital requirements, reimburse capex, and for general corporate purposes. A fresh approval is being sought from shareholders for its […]
6 financial services stocks hit a new 52-week high, gaining up to 45% in a month
After premium listing, can Nexus Select Trust offer more returns to investors?
Nexus Select Trust is a REIT that is backed by rental yielding assets. The trust is listed at a mild premium of 3% over the issue price on Friday. Analysts advise investors to hold on to the stock and even accumulate at the listing price for the long-term considering the growth visibility.
Adani stocks lose $10 billion in value as MSCI exclusion weighs
The Adani Group has seen its stock prices fall this week as two of its subsidiaries, Adani Transmission Ltd. and Adani Total Gas Ltd., were dropped from the MSCI India gauge. This move is likely to trigger around $390 million of selling by passive funds, Brian Freitas, an independent equities analyst who publishes on Smartkarma, […]
Tata Elxsi shares fall 4% post Q4 earnings. Should you buy or sell?
Tata Elxsi reported a 26.25% rise in net profit to Rs 202 crore in the March quarter of 2023 as compared to Rs 160 crore a year ago. The company’s consolidated revenue from operation rose by 22.87% to Rs 838 crore for the March quarter as compared to Rs 682 crore in the year-ago period. […]
IndiGo shares gain as airline reports profit in Q4. What should investors do now?
Interglobe Aviation Ltd. (IGL) reported Q4FY23 consolidated net profit of Rs 919 crore, up from a loss of Rs 1,682 crore in Q4FY23. The company’s stock was trading at Rs 2,269 on the NSE at 12:50 pm and was up by 4.35 or 0.19% from Thursday’s closing price.
We are high conviction believers on the Indian consumption story : Asheesh Mohta, Blackstone
I think the REIT, just to add, also gives you a very efficient structure, compared to a normal company to just swap in for units, which is very tax efficient for the seller.
Here’s why Pankaj Tibrewal is bullish on these 4 sectors
So we have seen over the last five, six years that centre and state have done the heavy lifting and we are seeing early signs of private sector capex also coming back.
Q4 results today: What to expect from NTPC, Zomato, JSW Steel, Punjab National Bank, Delhivery and Bandhan Bank
Zomato is expected to report tepid sequential revenue growth for the quarter ended March, mainly on account of lower food delivery orders. Revenue is seen growing by a meagre 2.2% quarter-on-quarter to Rs 1,991 crore. However, revenues for the quarter are seen growing 64% year-on-year. Losses for the quarter are likely to shrink, when compared […]