U.S. stock index futures edged up on Thursday ahead of labor market data, while investors assessed the Federal Reserve’s July meeting minutes that suggested the central bank might pursue a less aggressive monetary policy tightening path. Traders see a slightly greater probability of the Fed raising rates by 50 basis points in September, rather than …
Zephyr Peacock — the Indian investing wing of New York-headquartered private equity (PE) firm Zephyr Management — plans to make 7-9 investments in the country over the next 18-24 months. The third fund — which has a total corpus of $100 million —will make a total of about 14-15 investments, Pankaj Raina, MD, investments, told …
India has increased tax on locally produced crude oil and cut export taxes on jet fuel and diesel, according to a government notification on Tuesday. India raised the tax on domestically produced crude to Rs 17,750 per tonne from Rs 17,000 per tonne, while cutting export taxes on jet fuel to zero from Rs 4 …
Sun Pharma Q1FY23 revenue/Ebitda /PAT was 2/4/13% above our estimates. The topline beat was driven by a 29% y-o-y sales increase in specialty segment. Ebitda was boosted by lower R&D while PAT benefited from lower taxes. Management indicated Winlevi ramp-up will continue in the coming quarters. We estimate Sitagliptin impact to be limited on FY23 …
Domestic stock markets were trading with gains on the monthly futures & options expiry session. S&P BSE Sensex was hovering around the 59,400 mark after having gained close to 300 points or 0.5%. NSE Nifty 50 index was just shy of 17,700, adding 90 points. Benchmark indices have been closing with gains for two consecutive …
Foreign institutional investors (FII) offloaded shares worth net Rs 4,236.60 crore, while domestic institutional investors (DII) added shares worth net Rs 3,569.36 crore on October 25, 2023, according to the provisional data available on the NSE. For the month till October 25, 2023, FIIs sold shares worth net Rs 17,396.07 crore while DIIs bought shares …
The four-day rally in equities made investors richer by over Rs 12.74 lakh crore with the benchmark Sensex jumping 5.15 per cent to reclaim the 58,000-mark. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to finish at 58,115.50 on Monday. The benchmark ended above the 58,000-level for the first time since April …
Rate sensitive stocks such as banks, realty, and autos traded mixed on Friday after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 per cent. Nifty Bank, Nifty PSU Bank, Nifty Private Bank, and Nifty Realty indices were trading in positive territory, gaining up to one per cent. …
By Vaibhav Agrawal The ever-rising carbon footprint will damage the world permanently, and what’s even more concerning is that India stands 3rd on the list of ‘Top 10 Polluting Countries’ after China and the US. The after-effects of pollution can already be felt in the air and our bodies. As we all know, the climate …
Nifty 50 is likely to scale fresh all-time highs of 19,425 in the next twelve months, said analysts at ICICI Direct. Although the April-June quarter earnings were muted for Dalal Street, the recent southward march undertaken by commodity prices is seen to be providing comfort going forward. “The recent cool off in key commodity prices …