Demerger unlikely to benefit Vedanta stock in near term
The natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.
US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India
In combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.
Waaree plans $350 million IPO fundraise, targets $3 billion valuation
The solar panel maker is working with investment banks Axis Capital, Jefferies and Nomura on the proposed IPO, the sources said, adding that the company was likely to file its draft prospectus with the market regulator before the end of the calendar year.
Fewer reasons for FPIs to be bullish in October
After all, fresh foreign purchases will be key to revival of the stock market that has slid in the past two weeks after hitting all-time highs in mid-September. But with the surge in global oil prices, US bonds yields and the dollar contributing to fresh risk aversion in emerging markets, including India, brokers and strategists […]
Fed seeks a strong labour market over a sustained period: Powell
“Lots of good things happen” in addition to real wage increases when a good labour market lasts for a sustained period of time, Powell said Monday. There are expanded efforts to get more people into the workforce, for example, like programmes that prepare prisoners for work a year before they are released.