NEW YORK: Investors are hoping a flood of U.S. quarterly reports next week, including those from megacap growth titans, will confirm a solid profit outlook for corporate America and bolster the case for stocks after a rocky start to the year. Nearly 180 companies in the S&P 500, worth roughly half of the benchmark index’s … Read more
Mumbai: The Reserve Bank of India (RBI) has fine-tuned the capital norms for NBFCs, allowing revaluation of reserves from property to be counted as tier-1 capital instead of tier-2. It also permitted calculation of earnings subject to deductions of dividend based on past years. “Revaluation reserves arising out of change in the carrying amount of … Read more
Mumbai: Shares of Information Technology (IT) companies such as Tata Consultancy Services, Infosys, HCL Technologies and Wipro among others have weakened in the past week in the run-up to their fourth quarter results. TCS’s March quarter earnings announced after trading hours on Monday, which was in line with estimates, may ease worries about their prospects, … Read more
Mumbai: Indian new-age companies that went public in 2021 have turned from being among the most-watched names to pariahs on Dalal Street. The recent sell-off in shares of Paytm’s parent One97 Communications, Zomato, FSN E-Commerce (Nykaa’s owner), PB Holdings, which runs Policybazaar, and Cartrade Tech has eroded investor wealth in these firms by ₹2.28 lakh … Read more
Billionaire banker Uday Kotak on Tuesday rued that there is a tendency among policymakers to display “one-upmanship” when it comes to adding rules and regulations, which they need to desist from. “We need to keep in mind that as we add more rules and regulations, that it should not be ticking the box. At times, … Read more
This week Indian bourses shed some blood as bears tightened their grip. Valuations of numerous companies are bulging while fundamentals trail behind. Interestingly, in majority of the companies that steeply corrected recently in spite of any pessimistic event, FIIs and DIIs have trimmed their holdings in the past quarter. This behavior corresponds to the Dow … Read more
The first pill to treat Covid-19 is on its way and vaccine producers are rolling out booster shots in wealthy countries. For investors, the next stage of the pandemic means a tougher landscape for stockpicking. The success of Merck & Co.’s oral antiviral treatment in a clinical trial has shifted the momentum in the stock … Read more
Mumbai: A flood of initial public offerings (IPOs) is set to hit the market between October and December. As many as 35 companies are planning to raise a record Rs 80,000 crore in the third quarter if the market remains stable, bankers said. In comparison, the previous record for a calendar year was in 2017 … Read more
New Delhi: Doceree has launched opti-channel marketing in an attempt to accelerate adoption of digital mediums and to ease the process for the pharmaceutical companies to reach out to physicians via different communication means such as Emails, messages and other communication platforms. Moving out from single-channel communication to opti-channel communication opti-channel marketing will expand the … Read more
With the Sensex jumping 130% in the past 18 months to 60,000, the hunt is on for stocks which have not participated in the recent rally and companies that could benefit from the revival of business activity. Analysts at top brokerages think shares of select housing finance, auto, sugar companies, and multiplex operators fit this … Read more