Tariff shock manageable for Indian markets, but rupee weakness a concern: Adrian Mowat
Adrian Mowat suggests Indian markets can quickly absorb a 25% tariff impact, though it might weaken the rupee and limit the RBI’s flexibility. He highlights the geopolitical motivations behind potential US penalties on India and China’s oil imports from Russia. This situation could negatively affect foreign investment inflows into India due to a less favorable […]
No need to panic yet, says Manishi Raychaudhuri, citing potential exemptions for key sectors
The Indian markets may face negative sentiment due to potential US tariffs. Manishi Raychaudhuri suggests caution, citing uncertainty around exemptions for pharmaceuticals and electronics. The impact could be significant on auto, industrial components, pharmaceuticals, and garments. Ongoing trade talks between India and the US add to the fluid situation. Details about the tariff arrangement are […]
ETMarkets Smart Talk| 15 sectors to watch: From EMS to aerospace engineering – Sunny Agrawal maps the opportunity landscape
Amidst volatile markets and global trade uncertainties, smart money is shifting beyond benchmark indices, focusing on high-potential sectors like EMS, auto ancillaries, and aerospace engineering. Despite tepid earnings expectations in some sectors, areas like cement and hotels are poised for double-digit growth.
Cash Ur Drive IPO to open for subscription today. Check GMP, price band and other details
Cash Ur Drive Marketing’s IPO will open for subscription. The company aims to raise Rs 60.79 crore through a fresh issue and offer for sale. The IPO price band is Rs 123 to Rs 130 per share. The IPO will close on August 4. Allotment is expected on August 5.
Jio Financial to raise Rs 15,825 crore via preferential issue
Jio Financial Services will raise ₹15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial’s board approved the issuance of warrants at Rs 316.50 apiece.
Renol Polychem IPO opens today; GMP at 12%. Key details to know before subscribing
Renol Polychem’s IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.
Rising Trend: IPOs from Tier II and III cities in India gain momentum
Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets.
Sumant Kathpalia offers Rs 5.2 crore to settle insider trading case
Former IndusInd Bank CEO Sumant Kathpalia has proposed a ₹5.21 crore settlement to SEBI regarding insider trading allegations. SEBI had barred Kathpalia and other executives for trading on unpublished price-sensitive information related to accounting discrepancies. Kathpalia’s settlement application includes a pledge of confidentiality, while SEBI impounded ₹19.8 crore from the involved individuals.
US futures rise on tech earnings, dollar steadies
US equity futures climbed following strong earnings from tech giants like Microsoft and Meta, despite a volatile Wall Street session. The dollar stabilized after the Federal Reserve held interest rates steady. Asian markets showed mixed performance, with South Korean equities fluctuating after a US trade deal. Investors are now focused on the Bank of Japan’s […]
Why did Fed keep interest rates unchanged despite Trump’s pressure?
The Federal Reserve maintained its key short-term interest rate, defying President Trump’s persistent calls for a reduction. The rate remains at 4.3%, a level established after three cuts last year, with officials citing the need to assess the impact of Trump’s tariffs on inflation and the economy.