David vs Goliath: 3-year returns in mid- and smallcaps 2x that of Nifty
In 1999-2000, the market cap of Asian Paints was ~$200m, just 2% of the largest consumer company then, Hindustan Unilever. Today Asian Paints’s market cap is $35bn, more than 50% of Unilever’s! Titan was a tiny cap during 2001-4 (the lowest was in 2001, a market cap of $25m, vs $40bn now!) when it entered […]
Demand for Fed funding tool hits record before rate hike
Demand for the Bank Term Funding Program rose approximately $6.3 billion in the week through Wednesday, Jan. 24 to an all-time high of $167.8 billion, data from the Fed showed. Borrowing has jumped by more than $50 billion since mid-November after the program’s rate increasingly fell below the rate at which institutions could earn money […]
Wall St Week Ahead: Fed, earnings and economic data to test US stocks at record highs
The S&P 500 is up nearly 3% since the end of December and stands near record highs, driven in part by expectations of a U.S. economic “soft-landing” in which growth remains stable while inflation cools.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.