Cycling Financial News

Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta. Dipan Mehta further says that investors who are underweight on PSUs banks or defence or engineering companies, this corrective phase is a good opportunity to get at least equal weight. What do you make of this counter because Ola Electric has been vulnerable to a lot of volatility just in the last couple of weeks. What are you making of this counter and fundamentally, how does this stock look to you? Dipan Mehta: One cannot really comment exactly why the stock is up 20%. There is no specific fundamental news that has come to my notice at least, except that they are keeping on launching new models and they are addressing their complaint-related issues. But apart from that, I do not know why the stock is up 20%.

If you’re a fan of Canadian beef, you’ve probably noticed that juicy steak on your plate has forced you to dig deeper into your pocket to pay for these days.

Despite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank of Canada since June, the most recent loan officer surveys for both countries showed lending standards actually tightening.

Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

Subscribe to enjoy similar stories. Between 2016 and 2020, there was no rise in home prices due to the slowdown. It was only after the pandemic that sales picked up, as did prices.

The Bank of Canada is warning against inflation falling below the central bank’s two per cent target, which could lead to a deflationary cycle and pose a big risk to the economy.

Subscribe to enjoy similar stories. Beverly D’souza isn’t a die-hard Coldplay fan. A freelance social media marketer based in Mumbai, she listens to their music occasionally but doesn’t particularly seek it out.

Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries

Subscribe to enjoy similar stories. Following the conclusion of the second big cycle of state elections in 2024, the Bharatiya Janata Party (BJP) has reclaimed some of the political ground it had ceded in the general election held earlier this year. Be it in states or at the Centre, be it by itself or with allies, the BJP has strengthened its hand and increased its leverage across the three broad sides of the Indian political spectrum: itself, the Congress party, and the wide variety of regional parties.

The Liberals’ announcement Thursday of roughly $6.3 billion in GST/HST breaks and rebates has some economists wondering what that rush of cash into people’s pocketbooks could mean for the Bank of Canada and interest rate cuts.

Indian equities have entered correction territory on sustained selling by overseas investors and slowing earnings. Yet, valuations remain stretched relative to trends. External factors such as China's stimulus and US moderating rate cuts have been sold into.

Subscribe to enjoy similar stories. As a four-time winner of the Deccan Cliffhanger, Kabir Rachure knows what it takes to ace the 643km ultra cycling race from Pune to Goa. But the 11th edition of the race, which flags off on 30 November, features a new route and holds a number of unknownseven for experienced riders like him.

Ridham Desai, Head of India Research and Chief India Equity Strategist,Morgan Stanley, says India is in a strong position and there's no need for concern. However, stricter policies could pose challenges in the latter half of next year. The recent growth slowdown was temporary, influenced by elections and heavy rains. By the end of September, the government's cash balance with the RBI was nearly Rs 3.6 trillion, indicating deferred spending, resulting in a fiscal deficit of 3.4%, well below the 4.9% target. The government's cash balance has now decreased to below Rs 60,000 crore, and since October 1, they have spent Rs 3 lakh crore in addition to tax revenues. Desai says India will be one of the rare exceptions which will stop borrowing to pay interest in about three years and will move to primary balance. When that happens, government debt to GDP will fall because nominal GDP in India is still 10-11%. It will create major space for the private sector to re-lever and a major lending boom in the private sector can be expected, accompanied by a big capex cycle.

₹25,000, is starting to offer incredible value. In fact, with ₹25,000, there are few compromises to be made, and overall, you get a solid experience. Brands like Motorola, Nothing, and more are leading the way.

Subscribe to enjoy similar stories. The past few weeks have been tough for the Indian markets. While a 10% fall in indices isn’t unusual, the frequency of such falls has fallen significantly since the pandemic and as a result, new investors are learning lessons that old timers have known for years.

Australia prepares to take on India during the first Test of the Border-Gavaskar Trophy series at Perth's Optus Stadium, a batter extremely crucial in deciding the match would be the Aussie number three Marnus Labuschagne, currently ranked at number 10 in Test rankings and considered as the glue of the batting line-up along with Steve Smith, keeping an attacking, high on intensity unit together. The 30-year-old Labuschagne has not been in the best of form as of late. Since his side's ICC World Test Championship win in 2023 against India in July, Marnus has gone on to display an average run of form during the next WTC cycle, having made just 653 runs in 12 matches, averaging a sub-par 29.68, with a century and five fifties in 24 innings, with best score of 111. His century came against arch-rivals England during the Ashes at Manchester in July, more than an year ago.

In a report published on Monday (18 November), the financial watchdog said migration to the T+1 settlement should take place by an «optimal date» of 11 October 2027, while urging a «coordinated approach» across Europe to achieve this timeline. The regulator said it considered the industry to need at least 31 months to prepare and make the necessary investments and adapt processes, as well as the urgency to address the «misalignment» with international capital markets. IA urges UK, EU and Swiss regulators to align T+1 settlement rollout timeline ESMA said the operationalisation of T...

Subscribe to enjoy similar stories. Market corrections are an inevitable part of the investing journey, but they don’t have to derail long-term financial goals. While it’s natural to feel anxious when stock prices are falling, savvy investors know that these times present opportunities for growth, learning, and strategic decision-making.

In September alone, 26 deals were signed by key IT services players, including six each by domestic firm Infosys and global player Accenture while Cognizant grabbed three deals. Some of key projects in September included Infosys’ deals with Proximus group, LIC and Metro Bank while Cognizant announced agreements with Kombit, England and Wales Cricket Board and Mecwacare. Wipro bagged one deal with JFK International Air Terminal.

The Associated Press says it is looking to cut 8% of its workforce, primarily through buyouts, and employees eligible to leave their jobs would begin getting notifications

HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came from the commercial banking division against those from the global banking and markets unit to compete for the jobs available in the combined CIB division. The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations. As part of the shake-up, HSBC will phase out its use of the general manager titles that it gives to some of its most senior staff and will instead give those employees managing director titles, a common rank at many major financial services businesses, the people added.