Agricultural products trade via e-NAM surges 41% in FY23
Agricultural products trade through the electronic-National Agriculture Market (e-NAM) surged 41% to 18.6 million tonnes in 2022-23 from 13.2 million tonnes in the previous financial year. “Several innovative products have started trading through these mandis,” said a senior official, who did not wish to be identified, adding that several products such as silk cocoons, saffron […]
Sebi mulls mandating additional disclosure for high-risk FPIs
The proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI’s difficulty in identifying the beneficial owners of some foreign portfolio investments in Adani stocks, since the existing regulations are lax in identifying their true ownership.
Adani to raise $3.5 bn from share sale in three group cos
Adani may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani’s group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and Adani Transmission also approved to […]
Rajesh Gopinathan bids farewell to TCS: Look, how the IT giant moved under his tenure
He will be succeeded by K. Krithivasan, currently the global head of BFSI Business Group at TCS
India can look for another year of solid economic performance: CEA V Anantha Nageswaran
Briefing media on the quarterly number, the CEA said the risk to the projected 6.5 per cent GDP number is evenly balanced and there is a good chance of this number may be exceeded in the current fiscal. “So, we are very pleased to have been able to present a story of sustained economic momentum […]
Bears are back! Sensex ends 4-day bull run: 5 factors behind today’s selloff
Indian benchmark equity indices, the Sensex and Nifty, ended in the red on Wednesday due to weak global markets, with banks and financials being the biggest decliners. Despite experiencing a robust recovery recently, the negative signals from global peers such as weak factory activity data from China and concerns over a recession and potential interest […]
Tech View: Nifty50 ends lower on daily charts; what should traders do on Thursday?
Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive […]
India transformed in less than a decade; different from 2013: Morgan Stanley report
Morgan Stanley’s Research had taken these 10 big changes namely, supply-side policy reforms, formalisation of the economy, Real Estate (Regulation and Development) Act, digitalizing social transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI, India’s 401(k) moment, government support for corporate profits and MNC sentiment at multiyear high, while filing the report.
2 top stock recommendations from Jay Thakkar
So, the strategy for the day should be a bull call spread wherein one can buy right now, maybe a covered call on a futures wherein you can buy right now and also sell the higher call options so that you are hedged. So, in case there is no bounce, the loss is limited because […]
Fantastic 4 multibagger stocks that have given at least 25% return in last 4 years. Will history repeat?
Four consistent performers in the Indian stock market have been identified through a screener search, each having delivered over 25% annual return over the last four financial years. Among the firms is Mumbai-based water and environment management specialist Ion Exchange, whose shares have risen by 892% over the four years, while Gujarat Themis Biosyn has […]