Analysis Financial News

Aswath Damodaran, Professor, Stern School of Business, NYU, says AI is set to be a key frontier for emerging companies. If this sector grows significantly, it raises the question of whether the top five companies will remain US-based. It would be encouraging to see at least one Indian company among these leaders. Damodaran thinks Europe may struggle to produce a major player. Indian firms have a unique opportunity now, especially since China has restricted its major tech players like Tencent, JD, and Alibaba, limiting their potential to invest in AI. This creates a chance for India to capitalize on the situation, but it will require significant effort. If a prominent Indian tech company appears among the top ten global firms by market capitalization in the next decade, it would be an exciting development.

Kim Kardashian is requesting to free Erik and Lyle Menendez, who were sentenced to prison after their gruesome act of brutally killing their parents.

'Kudlow' panelists Steve Moore and Michael Faulkender react to dockworkers striking over pay and automation.

Sebi has proposed that registered stock brokers may participate in G-Secs market. «In order to leverage the existing infrastructure, stock brokers may offer these services as a Separate Business Unit (SBU) of the stock broking entity itself on an arm's-length basis,» the regulator said in a circular.

Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore. Apart from NSE and Limaye, those who settled the case are — Umesh Jain G. M. Shenoy, Narayan Neelakantan, V. R. Narasimhan, Kamala K, Nilesh Tinaikar, R Nandakumar and Mayur Sindhwad. TAP was a software application deployed by NSE in 2008 on the servers of trading members for managing connections and messages (orders/trades) of such members. Trading members, registered with NSE, connected to TAP to establish communication with the NSE trading system.

Piramal Capital and Housing Finance on Friday said it has raised USD 150 million through a global bond sale. The bonds will be issued at a yield of 7.078 per cent and will have to be repaid in 3.32 years, according to a company statement. The company, a wholly-owned subsidiary of Piramal Enterprises, had raised USD 300 million from a sustainability bond issuance in July this year.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Thar ROXX received 1.76 lakh bookings within the first hour of availability. The booking period started at 11:00 AM, marking the highest first-day booking figures for any Mahindra product. Deliveries for the Thar ROXX will begin on Dussehra day, with the company promising to update customers on their tentative delivery schedules over the next three weeks.

Chinese stocks as Beijing’s stimulus blitz sets off an epic rally. Just don’t count Rajiv Jain among them. The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12% of the fund — roughly half of the weighting of its benchmark. As a result, the fund’s outperformance this year has been wiped out as the MSCI China Index ripped more than 30% higher in just 10 days.

Bajaj Housing Finance will be in focus on Friday after the company released its first business update for the July-September quarter, marking its debut as a public company. In the update, Bajaj Housing Finance reported that its Assets Under Management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% growth compared to Rs 81,215 crore in the same quarter last year.

“Swaying with the pendulum of market mood can compel the investor to buy during a bubble and sell during a crash. But it is important to understand that such behavior will not lead to superior returns,” says Nimesh Chandan, CIO, Bajaj Finserv AMC. In an interview with ETMarkets, Chandan said: “It is better to think independently from the narrative and verify whether the crowd is overreacting or underreacting,” Edited excerpts: With the markets reaching all-time highs, many retail investors may experience "FOMO" (Fear of Missing Out). How can investors manage this emotional urge to invest at peak levels without considering fundamentals or long-term goals?

Bank of Baroda (BoB) are expected to remain in focus when markets resume trading on Friday as the state lender reported an 11.60% year-on-year growth in its global advances at Rs 11.43 lakh as on September 30, 2024, while global deposits of the state-run lender shot-up by over 9% to Rs 13.63 lakh crore, the company stated on Thursday as part of its quarterly update. Lender's global business grew by 10.23% YoY to Rs 25.06 lakh crore, the company filing said.

Mayuresh Joshi, Head Equity, Marketsmith India, says the markets are fearing a possible escalation in the Middle East conflict. In the Indian context, earnings might be a tad bit soft going into this quarter's numbers as well. But with good monsoon, expectations of rural recovery, second half should be relatively better as far as India Inc is concerned. So, Joshi is not looking at a structural downside. Liquidity remains strong and for any fall in the market that comes through, liquidity might come back and cushion them. It is getting bad in the market, could it get ugly? Mayuresh Joshi: There are two-three angles. One, obviously, in terms of how global macros are shaping up. The expectations in terms of the China stimulus has clearly buoyed sentiments in terms of foreign flows towards China. Again, undervalued, under-owned and therefore, the kind of move that we saw on the Chinese markets because of the stimulus was something to be watched out for.

Sandip Sabharwal, asksandipsabharwal.com, says the first level of buying could be looked at on the largecap side. If Reliance falls 5-7% from current levels, it could be a decent stock to buy for a 15-20% upside over a year's time. If markets correct, typically banks have a higher beta. If they correct more than 10% from current levels, they can be considered. If L&T it falls near Rs 3,200-3,300, then we could have a look at it among the largecaps. These could be the opportunities. Markets were due for a fall. The selling has come. Could this accelerate further? Is it time to put money to work now? Sandip Sabharwal: It is too early to put money to work because of the fact that, one, there could be global factors at play and globally markets could correct and that could lead to some sort of fall coming in India also. Secondly, if you look at economic data which has been coming out starting right from the core industrial data, information where core output was actually down last month and some impact was there of heavy rains, etc, which was down.

Bajaj Finance will be in focus in Friday's trade following a business update for the second quarter ended September 2024. The company's new loans booked during the quarter 14% rose to 9.69 mm in Q2FY25 as compared to 8.53 mm in Q2FY24. Further, the assets under management (AUM) grew 29% to Rs 3.73 lakh crore.

oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Reliance Power's board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm.

Donald Trump as a wave of polls gives him the advantage. A set of surveys released on Tuesday indicate that, in the lead-up to November's election, Donald Trump has gained a modest advantage in many important battleground states. Donald Trump leads Kamala Harris in a number of polls in the key swing states of Arizona, Nevada, North Carolina, and Georgia. Based on polling data, it appears like Harris and Trump are virtually tied as the last month of campaigning before Election Day approaches. According to a Tuesday analysis of recent polling by seasoned analyst Nate Silver, Harris led by 3.4 points, but the Electoral College system would only give her a 55% chance of winning in the end.