India one of the biggest if not our biggest opportunity for growth globally: Heineken CEO
Heineken’s CEO optimistic about India’s beer market, focusing on premium brands and local growth. The company invests in talent and capacity, aiming for category leadership and social relevance in the evolving market landscape. Brink says: “We are investing a lot in creating the premium capacity so that we can make the Heineken brand more available.”
Big movers on D-Street: What should investors do with IDFC First Bank, VIP Industries and Ambuja Cements?
Stocks that were in focus included names like IDFC First Bank, which fell 2.96%, VIP Industries, which jumped 11.05%, and Ambuja, whose shares gained nearly 2% on Thursday.
More REITs enter fund house portfolios
As per data from Accord Fintech and the ET Intelligence Group, mutual funds have been steady buyers of these products over the last couple of years, largely through their hybrid schemes and now own assets worth ₹11,446 crore as of February 2024 more than double the ₹4,186 crore owned in February 2023.
ET Poll: RBI likely to maintain status quo on key rates
The Reserve Bank of India (RBI) is expected to maintain interest rates unchanged in its upcoming meeting, according to an ET poll of 14 respondents. This would mark the seventh consecutive time the repo rate, currently at 6.50%, remains steady. Economists suggest that the RBI may wait until August 2024 for any rate changes, citing […]
No holding back D-St from records, even if FPIs are holding back
Market participants say foreign investors are bullish about the country’s prospects but are holding back a bit with uncertainty over the US Federal Reserve’s interest rate actions looming and because of the National Elections.
Lenders seek anonymity for officers tagging wilful defaulter accounts
Lenders seek RBI guidance on protecting officers’ identities identifying defaulters. Recent court order mandates disclosing committee members. Indian Banks Association seeks advice too. Risks highlighted for officers personally named.
Overseas Indians book return trips, send home record $29 billion in Q3
To be sure, remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India’s gross domestic product (GDP).
Billions flood active ETFs in hunt for cheap EM stocks
“If ever there was a compelling case for a more systematic approach to active management, it’s now,” said Donald Calcagni, chief investment officer of Mercer Advisors Investment Management and a buyer of active emerging-market ETFs.
Foreign funds’ gross purchases top Rs 4 lakh crore in March, a record
But that’s the seemingly outlandish threshold overseas funds were close to overhauling last month in gross purchases of Indian stocks – thanks to mouth-watering valuations for a raft of large-cap shares, and brightening re-rating prospects for many after conclusion of the biggest democratic exercise on the planet.
Nifty, Bank Nifty may see more gains, buy on dip’s the advice
Nifty has a short-term bottom at 21,710 and has its eyes set on a new all-time high with a potential to stretch higher till 23,000–23,100 from a one-month perspective.