“India would continue to be one of the fastest growing economies globally would mean from an FII perspective it is a market that they cannot ignore for long,” says Nitin Raheja, Executive Director, Julius Baer India. In an interview with ETMarkets, Raheja said: “The resilience of Indian markets to absorb global shocks as well as … Read more
Mumbai: Gujarat-based listed public sector undertakings (PSUs) were among the top performers on the bourses on Wednesday after the state government announced a policy defining a minimum threshold of dividend distribution and allotting bonus shares for all the companies it owns. Shares of Gujarat State Fertilizers & Chemicals surged 20% and closed at a seven-month … Read more
“Also, in the OEM segment, we are seeing, truck commercial segment coming back up, cars are also coming back up, so a pretty positive trend in India currently,” says Neeraj Kanwar, MD, Apollo Tyres.What is the trend that you are witnessing in the auto sector? Now we are seeing an uplift in both truck and … Read more
NEW DELHI: After recording 31% revenue growth in FY23, Anand Rathi Wealth has given revenue guidance of Rs 661 crore, an 18% increase, and PAT guidance of Rs 205 crore, a 22% increase. “Our research says the coming year will be better for Indian equities than the year that has gone by, and therefore we … Read more
The dollar was on the back foot and the euro climbed on Tuesday, as regional bank jitters had traders expecting U.S. interest rate cuts before long, while in Europe a 50 basis point hike remains a live option at next week’s central bank meeting. The euro rose above $1.10 overnight and was still going at … Read more
InterGlobe Aviation, India’s largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five … Read more
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But a full-fledged recovery looks distant. Roughly $25 billion worth of IPOs priced globally in March and April, nearly twice the amount seen … Read more
“I can control my stress and be present in the moment by engaging in mindfulness exercises like meditation and deep breathing,” says Girirajan Murugan, CEO, FundsIndia. In an interview with ETMarkets, Murugan said: “I do some general exercise for anyone over the age of 50. This includes at least 30 minutes of moderate-intensity aerobic exercise … Read more
“I believe that we are well positioned to further grow our VNB given the insurance potential and the regulatory developments in the country. So that is how I would summarise the results for this period,” says NS Kannan, MD & CEO, ICICI Pru. You have registered a strong growth this quarter. Your NBP is up … Read more
“We will see a working age population increase of about 170 million people. And if we assume that the labour participation rate does not improve from here, then we are talking about new jobs, a requirement of about 70 million people,” says Prithviraj Srinivas, Axis Capital.Your take on India becoming most populous and it was … Read more