RIL vs Airtel: Hemang Jani explains how to approach both
Elon Musk’s SpaceX plans to enter India’s telecom sector with Starlink, intensifying competition between Bharti Airtel and Reliance. Market expert Hemang Jani suggests Reliance offers better value, while Bharti remains resilient but largely priced in. Investors must weigh risk and reward.
Market corrections and Warren Buffett’s timeless wisdom: Why investors should rejoice
Seasoned investors, like Anshul Saigal, view recent market corrections as valuable opportunities. Saigal, drawing from Warren Buffett’s philosophy, emphasizes buying quality assets at reasonable valuations during downturns. With small and midcaps trading at favorable valuations, investors are advised to adopt a long-term perspective.
Russia leans on cryptocurrencies for oil trade, sources say
Russia is utilizing cryptocurrencies like bitcoin, ether, and stablecoins in its oil trade with China and India to bypass Western sanctions. This practice assists in converting currencies such as Chinese yuan and Indian rupees into Russian roubles. The strategy has become a small but growing part of Russia’s oil trade, valued at $192 billion last […]
Rupee ends at 87.01 vs US dollar, gains 20p from previous close
India’s rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February’s CPI reduced to 3.61% from January’s 4.26%, prompting market speculations of potential rate cuts. The rupee’s gains were trimmed late in the day due to dollar buying, with weak market flows ahead of the Holi holiday.
19,826 km roads constructed so far under Bharatmala: Nitin Gadkari
Union Minister Nitin Gadkari informed that 26,425 km of Bharatmala projects have been awarded, with 19,826 km constructed. High-speed corridors are enhancing logistics and travel efficiency. Smart technology and regular safety audits ensure road quality and safety in the National Highways development under the PM Gati Shakti initiative.
Bernstein sees no upside in Indian market despite slide
Despite recent significant market corrections, Bernstein is cautious in predicting a broad buying opportunity in the Indian market. Both Sensex and Nifty have experienced notable declines since late September, but the brokerage sees potential in selective large-cap stocks, particularly in the power and information technology sectors.
Magma sells general insurance business to Patanjali, DS Group
Baba Ramdev’s Patanjali Ayurved, along with Dharampal Satyapal Group, has acquired a majority stake in Magma General Insurance from Sanoti Properties, valuing the insurer at ₹4,500 crore. This deal signifies Patanjali’s expansion into the general insurance market and broader financial services sector.