The institutional equities assets under management constitute about half of India’s total market capitalisation. Synopsis The equity portfolio value of domestic funds rose to ₹27.90 lakh crore in September 2023, data from NSDL show, driven by increased investment by local funds that offset the impact of redemption by foreign funds (FPIs). ET Intelligence Group: The … Read more
The company would be using one-third of the total capacity of bromine for captive consumption to produce bromine derivatives, which not only fetch better prices but are also not hazardous to transport. Synopsis Archean is a marine-based speciality chemical maker that produces natural bromine from its brine reservoir at Rann of Kutch in Gujarat. It … Read more
India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the latest spike in headline inflation to global uncertainties triggered by the termination of the Black Sea Grain Initiative. | Photo Credit: SUSHIL KUMAR VERMA U.S. will issue record number of visas this … Read more
A vendor weighs tomatoes for a customer at a vegetable market in Ahmedabad on July 25, 2023. | Photo Credit: Reuters India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices, and could … Read more
The AIADMK’s expelled coordinator, O. Panneerselvam, on Friday accused the DMK government of having failed to contain the rise in the prices of essential commodities like tomato. Though the economic policies of the Central government, the international market situation and domestic production were responsible for the price rise, hoarding was the key reason. For instance, … Read more
The AMMK’s general secretary, T.T.V. Dhinakaran, on Wednesday, July 5, 2023, urged the DMK government to increase the number of farm fresh outlets and bring them on par with fair price shops, in order to for bring under control, the surging prices of vegetables and other essential commodities. In a statement, he faulted the DMK … Read more
In a retail shop at J.P. Nagar, south Bengaluru, a customer settled for just two pieces of tomatoes when the vendor quoted ₹163 per kg. The vendor claimed to have bought at ₹145 per kg from a nearby wholesale market. | Photo Credit: File photo Bengaluru The prices of tomato, which has been spiralling up, has now … Read more
After correction in the prices of metal stocks, valuations have turned favourable and risk-reward have become favourable across large-caps and mid-caps, said SBI Securities. The brokerage is recommending seven stocks in this sector with an investment horizon of six to 12 months. It said the total allocation to the metal sector could be 7% of … Read more
Cement makers such as UltraTech, Shree Cement and JK Lakshmi, which have cost-efficient operations, are likely to emerge as beneficiaries. Synopsis Demand from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects. ET Intelligence Group: Cement prices remained … Read more
A book stall at Avenue Road, Bengaluru, where school and college textbooks are sold. | Photo Credit: file photo How much does it cost for a student for one academic year in a private school in the city? Currently, parents are paying anything between ₹3,000 and ₹21,000 for books and stationery kits alone, leading to … Read more