For Dalal Street, the year 2023 was like one of filmmaker Karan Johar’s movies, filled with multi stars and bundles of emotions. Try rearranging the words in one of his famous movie titles “Kabhi Khushi Kabhi Gham” and that’s how the mood on Dalal Street was in 2023. The year started on a negative note … Read more
91.60 percent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago. Five other public sector banks rose in the market cap rankings over the previous quarter. Central Bank of India‘s market cap grew 76.59 per cent … Read more
New Delhi: The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities. Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and … Read more
Mumbai: The rupee closed at an all-time low versus the dollar Thursday as the likelihood of a prolonged phase of higher US interest rates and deepening concerns over the Chinese economy prompted global investors to reduce exposure to emerging market currencies. The rupee closed at 83.15 per US dollar on Thursday versus 82.95 per dollar … Read more
Investors are worried about a looming US recession and looking for ways to beat it. A few ideas are in vogue. Defensive stocks. Japan. And — Warren Buffett. Finance professionals and retail investors reckon that there is a significant price premium embedded in Berkshire Hathaway Inc.’s shares, betting that the conglomerate will outperform the US … Read more
In the last 5 years, shares of have more than doubled in value, but the foreign ownership in India’s largest company by market capitalization is the lowest in at least 5 years. As of December 2022, the total FII ownership in the index heavyweight stood at 23.48%, and for six quarters in a row, this … Read more
Mumbai: Star Health and Allied Insurance Company plans to launch its Rs 7,500-crore initial public offering during the last week of November, according to investment banking sources. The IPO will be the third-largest in 2021 after Paytm and , which raised Rs 18,300 crore and Rs 9,375 crore, respectively. The company and bankers are inclined … Read more