Saurabh Mukherjea, Founder, Marcellus Investment Managers, says “China’s economic boom over the last 20 years supported commodity prices. China’s economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to … Read more
Infosys, NTPC and Hindustan Unilever were among the top large-cap stocks fancied by mutual funds in April, while reducing positions in SBI, Axis Bank and ICICI Bank. Overall, in the reporting month, mutual funds sold stocks worth Rs 5,100 crore while FIIs bought Rs 12,400 worth stocks in the secondary market, according to a report … Read more
ET Intelligence Group: Austria-based RHI Magnesita, the world’s largest supplier of refractories, is looking to raise capital in its Indian subsidiary to fund expansion and upgrade the recently acquired assets in India. It acquired refractory makers Dalmia OCL and Hi-Tech Chemicals in the December quarter, tripling its capacity to nearly 500,000 tonnes.These developments are positive … Read more