Bulk Deals | Societe Generale, Government of Singapore pick additional Rs 609.26 crore shares in Sona BLW Precision Forgings
With the stake sale, abrdn will hold nil equity shares in HDFC Life, the company said in its filing to exchanges. But HDFC Life shares gained 1.23 percent at Rs 592.35.
Posted on 31 May 2023 | 11:23 pm
Buy Tega Industries; target of Rs 945: LKP Research
LKP Research is bullish on Tega Industries has recommended buy rating on the stock with a target price of Rs 945 in its research report dated May 31, 2023.
Posted on 31 May 2023 | 11:02 pm
Trade setup for Thursday: Top 15 things to know before the opening bell
Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.
Posted on 31 May 2023 | 10:40 pm
Buy Indigo Paints; target of Rs 1700: Motilal Oswal
Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:17 pm
Buy Indigo Paints; target of Rs 1700: Motilal Oswal
Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:17 pm
Buy TCI Express; target of Rs 1780: Motilal Oswal
Motilal Oswal is bullish on TCI Express recommended buy rating on the stock with a target price of Rs 1780 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:16 pm
Buy Sobha; target of Rs 750: Motilal Oswal
Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:09 pm
Buy Sobha; target of Rs 750: Motilal Oswal
Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:09 pm
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Why did economists miss the January-March GDP growth upswing?
Economists’ consensus forecast for January-March GDP growth was off by one percentage point. Moneycontrol tries to understand why this may have happened.
Posted on 31 May 2023 | 9:56 pm
Buy ONGC; target of Rs 215: Motilal Oswal
Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 9:46 pm
Buy Indostar Capital Finance; target of Rs 175: Motilal Oswal
Motilal Oswal is bullish on Indostar Capital Finance recommended buy rating on the stock with a target price of Rs 175 in its research report dated May 30, 2023.
Posted on 31 May 2023 | 9:43 pm
Is the external sector boost to GDP sustainable?
In the January-March quarter, weak external demand and fall in commodity prices squeezed import and export values, adding 1.4 percentage points to growth. But growth will slow down in the coming few quarters as fiscal policy turns slightly less supportive and external conditions remain weak.
Posted on 31 May 2023 | 9:18 pm
FY23 GDP growth shows economy resilient despite global challenges: PM Modi
"This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people," PM Modi said.
Posted on 31 May 2023 | 9:18 pm
Chief Economic Adviser Nageswaran bullish about growth prospects after blowout GDP data
The better-than-expected GDP numbers for January-March and 2022-23 have given confidence to the Indian government#39;s top economist to say that risks to his growth forecast of 6.5 percent for 2023-24 are now evenly balanced
Posted on 31 May 2023 | 8:34 pm
Why did economists miss the January-March GDP growth upswing?
Economists’ consensus forecast for January-March GDP growth was off by one percentage point. Moneycontrol tries to understand why this may have happened.
Posted on 31 May 2023 | 9:56 pm
Is the external sector boost to GDP sustainable?
In the January-March quarter, weak external demand and fall in commodity prices squeezed import and export values, adding 1.4 percentage points to growth. But growth will slow down in the coming few quarters as fiscal policy turns slightly less supportive and external conditions remain weak.
Posted on 31 May 2023 | 9:18 pm
FY23 GDP growth shows economy resilient despite global challenges: PM Modi
"This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people," PM Modi said.
Posted on 31 May 2023 | 9:18 pm
Chief Economic Adviser Nageswaran bullish about growth prospects after blowout GDP data
The better-than-expected GDP numbers for January-March and 2022-23 have given confidence to the Indian government#39;s top economist to say that risks to his growth forecast of 6.5 percent for 2023-24 are now evenly balanced
Posted on 31 May 2023 | 8:34 pm
Growth upside surprise good news but risks persist for this fiscal year, experts say
Economists are holding on to their growth forecasts for FY24 despite a better-than-expected outturn in FY23. Most expect growth to be lower than RBI#39;s projection of 6.5 percent for this fiscal year.
Posted on 31 May 2023 | 7:47 pm
Markets acting odd? Round up the usual suspects
Quant funds take a lot of unwarranted blame whenever volatility soars or seems unusually low
Posted on 31 May 2023 | 7:04 pm
India GDP numbers beat expectations, January-March growth at 6.1%
For 2022-23, the statistics ministry has estimated a GDP growth of 7.2 percent.
Posted on 31 May 2023 | 5:39 pm
ICT goods levy: India to not take EU to WTO appellate tribunal; to negotiate a solution under TTC
The European Union in 2019 lodged a dispute in WTO arguing that tariffs levied on ICT goods directly breached India’s obligations under WTO rules to impose zero-duty rates on these goods.
Posted on 31 May 2023 | 4:56 pm
Centre meets FY23 fiscal deficit target of 6.4% of GDP
In absolute terms, the central government#39;s fiscal deficit in 2022-23 was Rs 17.33 lakh crore as against the revised estimate of Rs 17.55 lakh crore.
Posted on 31 May 2023 | 4:09 pm
India GDP Highlights | Risks to growth forecast of 6.5% for FY24 #39;now more evenly balanced#39;: CEA
India Q4 GDP: "We are now prepared to say that risks to our GDP growth forecast of 6.5 percent for 2023-24 are now more evenly balanced than a few months ago when downside risks to the forecast were greater," Chief Economic Adviser V Anantha Nageswaran said.
Posted on 31 May 2023 | 3:13 pm
Indian sugar mills export entire quota of 6.1 million tonnes
The world#39;s second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a likely drop in production.
Posted on 31 May 2023 | 2:36 pm
40-50 FDI proposals from countries sharing land border with India pending for approval
Under Press Note 3, the government has made its prior approval mandatory for foreign investments from countries that share land border with India. These countries are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.
Posted on 31 May 2023 | 2:31 pm
Customers queue up at PSBs as private banks refuse, put limits on Rs 2,000 notes exchange
Long lines could be spotted at branches of SBI in Delhi. Store owners too have begun to refuse accepting the currency citing a lack of change of smaller currency.
Posted on 31 May 2023 | 12:21 pm
Morgan Stanley#39;s Ridham Desai: 10 things that changed India for the better in the last decade
Desai emphasised that India has achieved notable advancements on the global stage, yielding positive outcomes for both the macroeconomic landscape and the market outlook
Posted on 31 May 2023 | 10:34 am
How to burnish AT1 bonds that have lost their sheen
The way to make AT1 bonds attractive again is to provide clarity as to their insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data
Posted on 31 May 2023 | 10:28 am
Bulk Deals | Societe Generale, Government of Singapore pick additional Rs 609.26 crore shares in Sona BLW Precision Forgings
With the stake sale, abrdn will hold nil equity shares in HDFC Life, the company said in its filing to exchanges. But HDFC Life shares gained 1.23 percent at Rs 592.35.
Posted on 31 May 2023 | 11:23 pm
Buy Tega Industries; target of Rs 945: LKP Research
LKP Research is bullish on Tega Industries has recommended buy rating on the stock with a target price of Rs 945 in its research report dated May 31, 2023.
Posted on 31 May 2023 | 11:02 pm
Trade setup for Thursday: Top 15 things to know before the opening bell
Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.
Posted on 31 May 2023 | 10:40 pm
Buy Indigo Paints; target of Rs 1700: Motilal Oswal
Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:17 pm
Buy Indigo Paints; target of Rs 1700: Motilal Oswal
Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:17 pm
Buy TCI Express; target of Rs 1780: Motilal Oswal
Motilal Oswal is bullish on TCI Express recommended buy rating on the stock with a target price of Rs 1780 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:16 pm
Buy Sobha; target of Rs 750: Motilal Oswal
Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:09 pm
Buy Sobha; target of Rs 750: Motilal Oswal
Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 10:09 pm
Why did economists miss the January-March GDP growth upswing?
Economists’ consensus forecast for January-March GDP growth was off by one percentage point. Moneycontrol tries to understand why this may have happened.
Posted on 31 May 2023 | 9:56 pm
Buy ONGC; target of Rs 215: Motilal Oswal
Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 29, 2023.
Posted on 31 May 2023 | 9:46 pm
Buy Indostar Capital Finance; target of Rs 175: Motilal Oswal
Motilal Oswal is bullish on Indostar Capital Finance recommended buy rating on the stock with a target price of Rs 175 in its research report dated May 30, 2023.
Posted on 31 May 2023 | 9:43 pm
Is the external sector boost to GDP sustainable?
In the January-March quarter, weak external demand and fall in commodity prices squeezed import and export values, adding 1.4 percentage points to growth. But growth will slow down in the coming few quarters as fiscal policy turns slightly less supportive and external conditions remain weak.
Posted on 31 May 2023 | 9:18 pm
FY23 GDP growth shows economy resilient despite global challenges: PM Modi
"This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people," PM Modi said.
Posted on 31 May 2023 | 9:18 pm
Chief Economic Adviser Nageswaran bullish about growth prospects after blowout GDP data
The better-than-expected GDP numbers for January-March and 2022-23 have given confidence to the Indian government#39;s top economist to say that risks to his growth forecast of 6.5 percent for 2023-24 are now evenly balanced
Posted on 31 May 2023 | 8:34 pm
In Pics: All about lithium and its use in batteries
China has monopolized the global supply chain for lithium, a key component in batteries used to power mobile phones and EVs. As Australia tries to break this dominance, here are answers to some questions about lithium and its use in batteries.
Posted on 31 May 2023 | 5:38 pm
10 things you should know about why SEBI wants FPIs to disclose full ownership details
This is being done to prevent companies from manipulating minimum public shareholding rules and to prevent overseas entities from indirectly controlling Indian companies through a web of shell firms.
Posted on 31 May 2023 | 4:57 pm
There is no communication from govt that we are not pursuing Vedanta#39;s 28nm fab proposal, says Rajeev Chandrasekhar
The first window for more expensive 28-nanometer fabrication plants was kept open for 45 days only in January 2022 and received three applications that were evaluated by India Semiconductor Mission and its Advisory group.
Posted on 31 May 2023 | 3:04 pm
Angel Tax: Welcome flexibility on valuation, but regulatory maze to be an impediment
Conceptually, angel tax seems somewhat flawed because it does not account for business exigencies and new financing techniques, especially in the venture capital and private equity space
Posted on 31 May 2023 | 2:51 pm
AISATS and YIAPL to construct high-tech cargo hub in Noida
AISATS to design, build, finance, and operate the advanced cargo hub, aiming to transform India#39;s logistics sector.
Posted on 31 May 2023 | 2:36 pm
Vistara to start flight service on Agartala-Bengaluru route on August 1
Chief Minister Manik Saha had urged Civil Aviation Minister Jyotiraditya Scindia for the introduction of more flights on the route.
Posted on 31 May 2023 | 12:45 pm
Manappuram Finance launches digital money lending app
The objective of introducing the app is to provide customers all the financial products offered by Manappuram Finance under one umbrella, a statement said here.
Posted on 31 May 2023 | 12:34 pm
Xiaomi partners with Dixon Technologies to make mobile phones in India
The news, which boosted Dixon#39;s shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus.
Posted on 31 May 2023 | 11:42 am
CLSA upgrades Tata Motors with Buy rating, sets target price at Rs 624 per share
This positive outlook comes on the back of encouraging retail sales figures for Jaguar Land Rover (JLR) in April, with notable growth in the American and Chinese markets offsetting a decline in Europe.
Posted on 31 May 2023 | 10:20 am
IRCTC Q4 FY23 — Why the ride is not that smooth for investors
The threat of losing monopoly cannot be ruled out and the valuation upside is at best moderate
Posted on 31 May 2023 | 9:42 am
India to lure manufacturers with electronics repair pilot project
Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple and Xiaomi, but the country still lacks an industry for repair outsourcing which is estimated to be worth $100 billion globally and currently dominated by China and Malaysia.
Posted on 31 May 2023 | 9:20 am
Manipur Crisis | Meiteis, Kukis urge Centre to control situation in state
Manipur Crisis: As the ethnic unrest continues in Manipur, representatives of the Meitei and Kuki communities sought restoration of peace in the state even as differences remained stark.
Posted on 31 May 2023 | 7:34 am
India poised to deny funding for Vedanta-Foxconn chip venture
The authorities are likely to inform the venture between Vedanta and Taiwan#39;s Foxconn that it won#39;t get incentives to make 28-nanometer chips, the report said, citing people familiar with the matter.
Posted on 31 May 2023 | 7:27 am
Billionaire’s chip dreams stymied as India set to deny funding
The government is likely to tell the venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. it won’t get incentives to make 28-nanometer chips, people familiar with the matter said.
Posted on 31 May 2023 | 6:19 am
Billionaire’s chip dreams stymied as India set to deny funding
The government is likely to tell the venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. it won’t get incentives to make 28-nanometer chips, people familiar with the matter said.
Posted on 31 May 2023 | 6:19 am
