Investors are leaving stocks for the allure of risk-free payouts in bonds
The S&P 500 Index fell below its average price over the last 50 days on Tuesday for the first time in more than three months, while global bond yields reached their highest levels in 15 years this week. Investor sentiment also took a hit on news of China’s property crisis and troubles in its shadow […]
India Inc Q1 results: Nifty reports slowest revenue growth in 10 quarters but PAT gives adrenaline rush
On the other hand, the profitability witnessed an adrenaline rush, recording the highest yearly growth of 33% in six quarters. The companies have reaped benefits from the decline in input costs, resulting in the expansion of margins.
Global stock managers on guard as China pain set to spread
The mounting worries have sent equity benchmarks in Hong Kong and China to their lowest levels since November, with the Hang Seng Index entering a bear market on Friday. And with the country’s dominant status in the global supply chain, the concerns have also started to hit investor sentiment in Europe and the US, with […]
Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week
Market sentiment has been hit since the hawkish remarks on inflation by the Reserve Bank of India, and this got further dampened by the US Federal Reserve’s view that interest rates may need to harden further to bring down inflation.
For many fintechs, NBFC tag may be elusive
An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.
Bitcoin slumps below $28K for the first time since June
The largest digital asset by market value fell as much as 4.3% to $27,699, extending losses after dropping below $28,000 for the first time since June 20. The decline was the biggest on an intraday basis since July 14.
Not in talks with TAQA for their investment, says Adani Energy
“The company is not engaged in talks with TAQA for their investment in the company,” Adani Energy Solutions said in an exchange notification on Friday.
Jio Financial to make its D-Street debut on Monday
According to a BSE circular, the stock will trade in the trade-for-trade segment for the first 10 trading sessions. In the trade-for-trade segment, shares cannot be bought and sold on the same day.
Vedanta Resources may explore dollar bond extension
London-based VRL, the parent of Indian operating company Vedanta, needs $1.3 billion in FY24 and $4.3 billion in FY25.
Evergrande Group files Chapter 15 bankruptcy in New York
The move protects it from creditors in the US while it works on a restructuring deal elsewhere. The Chinese homebuilder’s Chapter 15 petition references restructuring proceedings being carried out in Hong Kong and the Cayman Islands.