India set to be third-largest economy by FY28: SBI Research
India is set to become the world’s third-largest economy by FY28, two years earlier than projected, according to economists at SBI Research. The team said the figures, which would see India surpass Japan and Germany and account for 4% of the global GDP share, were achievable with growth rates anywhere between 6.5% to 11.5%.
Tech View: Nifty charts hint at more trouble ahead. What traders should do on Friday
Indian stock market Nifty fell by 118 points to close at 19,659.90, forming a lower top and bearish candle indicating further correction. The daily Bollinger bands also suggest a short-term consolidation. Support at 10-day EMA at 19,680 has been broken after sustaining for 21 days, showing weakness and a possible
Parliamentary panel for forward-looking surveys on private capex
In a report on the action taken by the government on its various earlier suggestions, the panel headed by BJP leader Jayant Sinha has also asked the government to closely monitor the progress of its capital expenditure to ensure that actual spending is in sync with the record budgetary outlay and achieve desired multiplier effect […]
India-ASEAN free trade agreement most ill-conceived: Piyush Goyal
India’s Commerce and Industry Minister Piyush Goyal criticised the previous governments for not doing enough stakeholder consultations on free trade agreements, saying the India-ASEAN FTA was “most ill-conceived” and unfairly favoured imports. Goyal also said India opened its markets to Japan and Korea but has not seen an increase in exports to those countries.
US Fed hike on expected lines; RBI to take a balanced view: Analysts
The US Federal Reserve’s 0.25% interest rate increase was expected and paved the way for India’s reserve bank to take a measured approach to policy-making, according to analysts. Edelweiss mutual fund’s Managing Director and Chief Executive Radhika Gupta said the Fed statement permitted the potential for more rate hikes, but the Indian economy currently didn’t […]
These 11 commodities stocks touch 52-week high, gaining up to 90% in a month
Bajaj Finserv Q1 Results: Cons PAT spikes 48% YoY to Rs 1,943 crore; revenue jumps 47%
Its subsidiary Bajaj Finance recorded its highest-ever quarterly increase in customer franchise of 3.84 million and the highest-ever new loans booked of 9.94 million in the June quarter.
Risk paid off? Market value of GQG’s investment in Adani stocks hits Rs 25,000 cr
Having doubled down its bet on Adani Group stocks in the past few months, GQG Partners has seen the market value of its investments soaring, thanks to the rally in the stocks. The sharp upmove in shares of most of the Adani Group companies since April has taken the total market value of GQG Partners’ […]
Netweb Technologies delivers big time with 90% gain on listing day. Should you buy more?
“Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India, as it has a strong focus on the niche business segment of high-end computing solutions,” said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
Cipla shares jump 9% after Q1 profit soars 45% YoY to Rs 996 crore. Should you buy, sell or hold?
In morning session, the scrip was trading 8.5% higher at Rs 1.160 on BSE. Meanwhile, in the last one year, it has surged 19%.