S&P 500 ends lower as Microsoft recedes from record high
The S&P 500 and Nasdaq ended the week lower due to Microsoft and other market heavyweights, as comments made by two Federal Reserve officials cast doubt on the central bank’s plan to end aggressive interest rate hikes. Despite concerns about further rate hikes, economic data confirmed lower inflation, supporting the indexes. While Fed policymakers attempted […]
Mind Over Money: 15 years & going! Manu Rohit Jetly runs 1,000 km a year to keep mentally & physically fit
Manu Rohit Jetly, Head of Shared Services and India Operations at Fidelity International, spoke with ETMarkets about his physical and mental fitness regime. Jetly runs 5km two to three times during the week and 10km on Sundays. He tries to cover about 90km per month, which amounts to roughly 1000km per year.
Rupee closes highest in over a month on overseas inflows
On a technical basis, the rupee crossed a key gauge for the first time in more than a year, suggesting the possibility of further gains ahead, currency traders said.
5 blue chips help Nifty rally; RIL, ITC among top performers
Reliance contributed 272 points to the Nifty rally. Indian markets closed at record highs on Friday, with the Nifty closing at 18,826 and the Sensex at 63,385. Nifty 50 is now only 63 points away from an all-time high level, whereas Sensex closed just 198 points away from the record high hit on December 1, […]
D-Street bulls set new closing records, eye all-time highs
The Nifty gained 137.90 points, or 0.74%, to settle at 18,826 on Friday, surpassing its previous closing high of 18,812.50 on December 1. With overseas funds extending their purchases of local stocks, the risk-on sentiment remained intact, although analysts do not rule out hurdles for the Nifty around the 19,000 mark.
Airtel may raise up to $1 billion in offshore bonds
India’s second-largest telco is in discussions with top foreign banks, including Barclays, Standard Chartered Bank and Citi, to explore a US dollar bonds floatation in overseas markets in one or more tranches this fiscal year, two people aware of the matter said.
Adani set to acquire online train booking platform Trainman
“Adani Digital Labs, a wholly owned subsidiary of the company, has signed a share purchase agreement in relation to its proposed acquisition of 100% stake in Stark Enterprises,” read a stock exchange notification from Adani Enterprises.
Tatas look to fast-track synergy between AI Express and AirAsia
Tata Sons-owned Air India has approached the civil aviation regulator, seeking approval to cross-utilise pilots and cabin crew of Air India Express and AirAsia India and sell tickets as a single brand before the proposed merger of the two low-cost airlines gets all approvals.
Nifty could hit 20,000 by next April: Andrew Holland
In an interview with ET, the money manager said he is more constructive on India’s equity markets now than he has been for a long time, and is hoping for a revival in corporate earnings to support his bullish thesis.