PTC Financial Services CEO outlines four-pillar strategy amid board changes
PFS CEO R Balaji addressed the recent resignations of three independent directors, denying knowledge of any issues or difficulties in impartial functioning cited by them. He maintained board meetings were harmonious and the company boasts an independent board. Balaji confirmed ongoing communication with former directors while outlining PFS’s four-pillar transformation plan, expressing confidence despite emerging […]
Safe-haven buying lifts gold to Rs 1,17,351 per 10 g, silver strengthens amid US shutdown fears
Domestic gold prices on the MCX surged to an all-time high on Tuesday, with December futures reaching Rs 1,17,351 per 10 grams. Silver held steady near Rs 1,43,900 per kg. Globally, gold breached $3,850 per ounce as investors sought safe-haven assets amid US government shutdown fears, expectations of rate cuts, and rising geopolitical tensions, driving […]
Anshul Saigal sees tailwinds for consumption, defence and renewables ahead of festive season
Anshul Saigal anticipates a positive market turnaround with reasonable valuations and improving earnings ahead of the festive season. He is bullish on discretionary consumption, defence, and renewables, citing government push and regulatory easing for NBFCs. These sectors are poised for significant tailwinds and growth opportunities.
Jaro Institute shares list flat at IPO price of Rs 890 on NSE, BSE
Jaro Education made a muted market debut, listing flat despite its IPO attracting massive demand across all investor segments, signaling valuation concerns. The leading edtech platform, known for its hybrid delivery and strong financials, faces scrutiny on sustaining growth and efficient IPO fund deployment amidst intense competition.
ETMarkets Smart Talk | Valuation reset creates opportunity for long-term investors: Sumit Bhatnagar
Sumit Bhatnagar of LIC Mutual Fund AMC asserts India’s growth story remains intact despite FII selling, viewing current corrections as healthy entry points for long-term investors. He highlights the US Fed rate cut’s potential to boost liquidity and FII inflows, while DIIs provide market resilience. Bhatnagar favors domestic growth sectors and sees gold as a […]
Homes below Rs 1 crore scarce in Mumbai without subsidies, says Manju Yagnik of Nahar Group
Manju Yagnik highlights India’s growing real estate affordability challenge, with rising property prices making homes below Rs 1 crore scarce in Tier-1 cities. Despite this, the sector is projected for significant growth, driven by urbanization and strong residential sales, while sustainability and private equity inflows shape its future trajectory.
ETMarkets Smart Talk | A. Balasubramanian: Lessons in conviction, agility & calm from 30 years of experience in markets
A. Balasubramanian of Aditya Birla Sun Life AMC shares key lessons from three decades, emphasizing conviction, agility, and risk preparedness. He details the AMC’s ambitious Rs 10 lakh crore AUM target, driven by expanding customer base, alternatives, and GIFT City. He also underscores the importance of SIPs as the “Sabse Important Plan” for goal-based investing.
Wall Street indexes climb as investors brush off government shutdown uncertainties
Wall Street indexes closed higher on Monday. Nasdaq led gains driven by technology stocks. Investors focused on artificial intelligence and future interest rate cuts. Concerns over a potential US government shutdown were largely overlooked. Market experts noted investor focus on economic resilience. This positive sentiment propelled major indices upwards.
Oil falls as OPEC+ plans to further increase output
Oil prices fell on Tuesday. This decline follows expectations of increased global supply. OPEC+ plans to approve a production boost this weekend. Iraq’s Kurdistan region also resumed crude oil exports via Turkey. These developments reinforce concerns about a looming market surplus. Traders remain cautious regarding future demand.
Gold hits record high, heads for best month in 14 years on safe-haven rush
Gold prices reached a record high. A potential US government shutdown created uncertainty for Federal Reserve policy. This situation increased investor demand for safe assets. Gold gained this year. Central bank purchases and expected interest rate cuts support the rise. Gold producers also changed leaders. The market expects the rally to continue.