According to the recent findings of the ManpowerGroup Employment Outlook Survey, there’s been a notable deceleration in global hiring activities, with a net employment outlook of 22% projected for the second quarter of 2024. This downward trend underscores the prevailing cautious sentiment among employers, who are navigating through economic and geopolitical uncertainties with prudence. Jonas … Read more
The latest data from the Labor Department’s Bureau of Labor Statistics indicates a notable increase in inflation for February, reinforcing the Federal Reserve’s stance to postpone any interest rate adjustments until at least the summer. Consumer prices, as measured by the consumer price index (CPI), surged by 0.4% during the month, with a year-over-year increase … Read more
According to sources familiar with the matter, Vishal Mega Mart, a leading budget supermarket chain in India, is gearing up for a $1 billion initial public offering (IPO). This move is expected to value the company at up to $5 billion, with a portion of the proceeds intended for expanding its store network. Partners Group … Read more
According to the latest Reserve Bank of India (RBI) annual report, RBL Bank experienced the highest average of 6.52 complaints per branch during the fiscal year 2022-23 among scheduled commercial banks, indicating a concerning trend in customer grievances directed towards the bank. Released on March 11, the report highlighted a significant total of 3,486 complaints … Read more
Despite ongoing controversy surrounding the Zomato CEO’s acquisition of the new Aston Martin DB12, HSBC remains steadfast in its ‘Buy’ recommendation for Zomato stock. In its recent report on Zomato, HSBC presents an optimistic outlook for the company, making key adjustments to order growth rates and revenue projections. The report introduces a revised target price … Read more
Byju’s has issued a directive for all employees to transition to remote work arrangements with immediate effect, resulting in the vacating of all office spaces except for its headquarters located at IBC, Knowledge Park in Bengaluru. While employees based at the Bengaluru headquarters and 300 Byju’s tuition centers will continue their operations from these physical … Read more
FMCG powerhouse ITC is once again making waves in the investment landscape, with Prabhudas Lilladher advocating for a buy recommendation at a target price of Rs 465 per share. This forecast promises an attractive potential return of more than 16% compared to ITC’s current market value. Despite its stellar performance in 2023, ITC recently experienced … Read more
The Nifty Bank index experienced a notable decline around 11 am on March 12, after initially opening flat. The banking index exhibited significant volatility throughout the morning session, initially surging by nearly 500 points before eventually surrendering the gains to trade 0.3% lower at 47,210 points. During this intraday movement, most banking stocks faced downward … Read more
BSE has revealed adjustments to its indices, featuring additions and removals across approximately 17 indices. These modifications are slated to take effect from March 18. Notably, the S&P BSE Bharat 22 Index, S&P BSE REIT & InvIT Index (INR), S&P BSE Telecommunication, and S&P BSE Private Banks Index will remain unchanged, according to the official … Read more
The initial public offering (IPO) of Gopal Snacks Limited concluded on Monday, March 11, 2024, with an impressive overall subscription of 9.50 times. The IPO, worth Rs 650 crore, was open for public subscription from Wednesday, March 6, 2024. Investors showed significant interest in the IPO, with bids received for 10,80,83,438 shares against the 1,13,81,955 … Read more
In the latest data for February, the Consumer Price Index (CPI) reveals that retail inflation has continued to exceed the 5% mark. Notably, prices of essential food items, particularly vegetables, have witnessed a resurgence, driving up overall inflation. Tomatoes and pulses, in particular, have experienced notable price hikes, contributing to the upward trajectory in food … Read more
Indian Rupee Gains Momentum as More Countries Embrace Trading in Domestic Currency, Piyush Goyal Highlights. In a significant development, Commerce and Industry Minister Piyush Goyal has revealed that several developed and developing nations are keen on trading in the Indian Rupee to reduce transaction costs, amid a global shift away from the dollar. Goyal stated, … Read more
NTPC and NTPC Green Energy Ink Initial Pacts to Explore Thermal Plants, Renewables, and Green Hydrogen in Rajasthan. New Delhi: In a strategic move aimed at bolstering sustainable energy initiatives, the state-run power giant NTPC, along with its subsidiary NTPC Green Energy, has embarked on a transformative journey by signing two separate initial agreements. These … Read more
On Monday, shares of Zomato experienced a significant downturn, plummeting by 7% to reach a day’s low of Rs 149 on the NSE. This sudden decline was reportedly spurred by media speculation surrounding the impending re-entry of eCommerce giant Flipkart into the Quick Commerce (QC) sector within the next 6-8 weeks. Zomato, which currently operates … Read more
Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), announced on Monday, March 11, that the capital markets regulator will initiate the T+0 (same day) trade cycle settlement on an optional basis by March 28. Buch highlighted that this move towards faster settlements is in response to the increasing prominence of … Read more
Kotak Institutional Equities has cautioned investors against the recent rally in government company stocks, advising them to seize the opportunity to exit most of their positions. Despite gains purportedly backed by fundamentals, the BSE PSU index has surged approximately 22 percent year-to-date, significantly outpacing the 2 percent rise in the benchmark Sensex. Analysts at Kotak … Read more
India and EFTA Sign Agreement; Ratification Process Underway. India and the European Free Trade Association (EFTA) have reached an agreement, with Switzerland aiming to ratify the deal by next year. The agreement includes commitments of $100 billion (€91 billion) in investments and the creation of one million direct jobs in India over the next 15 … Read more
“The market regulator is taking preventive measures to curb the formation of a potential bubble by urging mutual funds engaged in small and mid-cap stocks to provide disclosures on stress testing,” revealed Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI). Speaking at an event hosted by the Association of Mutual … Read more
Amid mounting concerns over the soaring valuations in the small-cap stock segment, India’s market regulator signaled a readiness to reassess the regulations governing mutual fund investments in this area. Chairwoman Madhabi Puri Buch of the Securities and Exchange Board of India conveyed to reporters in Mumbai on Monday that the regulatory body is open to … Read more
Market regulator Sebi recently expressed concerns about the increasing inflow into small-cap and mid-cap funds. However, industry experts have stated that there are currently no significant signs of redemptions within this sector. Despite Sebi’s concerns, investors are expected to remain interested in these funds due to their potential for delivering high returns, experts noted. Sebi’s … Read more