Cycling Financial News

SAN JOSE — QuantumScape Corporation (QS), a pioneer in the development of solid-state lithium-metal batteries, reported a fourth-quarter earnings miss, with an adjusted EPS of ($0.23), which was below the analysts' estimate of ($0.19).

market capitalisation growing at an average annual run rate of Rs 1 lakh crore in the last two decades, billionaire Mukesh Ambani-owned Reliance Industries is undoubtedly the largest wealth creator in the history of Dalal Street. After India's most valued stock touched the Rs 20 lakh crore milestone this week, it is now bigger than the likes of American MNC giants like McDonald's, PepsiCo, Netflix and Accenture. Shareholders of RIL, which was worth just Rs 1 lakh crore in August 2005, have made a notional profit of Rs 19 lakh crore in a span of less than 19 years.

interest rates and real estate prices. Many prospective homeowners grapple with the decision: should you buy now or wait in hopes of lower interest rates? This question, while important, overlooks the broader financial landscape that encompasses down payments, stamp duty, existing liabilities, and the pivotal role of your credit score. When considering a home purchase, particularly one as substantial as a ₹2 crore property, the initial focus should be on securing the necessary down payment.

HPL Electric & Power, a leading electrical equipment manufacturer in India, saw its shares lock in a 10% upper circuit limit at ₹345.05 apiece in today's trade after the company posted a robust set of numbers for the December-ending quarter. On Wednesday, the company reported an 87.14% YoY growth in its consolidated net profit, reaching ₹11.95 crore. It registered a robust performance YoY, with revenue growth of 21.22% in Q3 FY24 to ₹366 crore as compared to ₹302 crore in Q3 FY23.

“We believe that 2024-25 will be the year where we see a structural shift in demand-supply dynamics for Government bonds,” says Devang Shah, Co-Head, Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah said: “We expect RBI to ease its liquidity stance from April 2024 and expect RBI to cut rates in H2 on account of lower inflation and benign global interest rate cycle,” Edited excerpts: How do you rate the Interim Budget on a scale of 1-10 (10 being the best) and why? Devang Shah: We will rate the budget as good -10 out of 10 from a fixed income markets perspective. We were looking at the fiscal consolidation and gross and net borrowing numbers, and the budget has delivered a path for fiscal consolidation.

Following a protracted period of pain in 2023, Charles Schwab encountered yet another setback in January as it saw a steep decline in asset flows.

Mint finds out why things are going slow. The SSLV is a small rocket, both in size and capacity, in comparison with other rockets that the Indian Space Research Organisation (Isro) has. The Polar Satellite Launch Vehicle (PSLV) can carry up to 1.75 tonnes in satellite payload.

Public sector undertakings (PSUs) offer investors the opportunity to diversify and manage risk, even as they continue to present potential for capital appreciation. Here is what some fund managers think about the sector and its current rally: “We firmly advocate assessing companies based on their structural growth trajectory, regardless of their public or private ownership. It’s imperative to recognize the significant growth narrative and competitive advantage present in key sectors where PSUs operate.

desired results and laying strong foundations for one's future. Let's discuss some practical time management tips to make the most out of your time during examinations. Procrastination can be a significant barrier to effective time management.

By Joice Alves

Basant Panchami 2024, students and devotees of goddess Saraswati worship the almighty and seek wisdom and knowledge in the form of blessings. It is also recommended to worship the books and wear yellow clothes on Basant Panchami. Investors can also draw some useful money lessons on this day to give an impetus to their portfolio.

wealth creation requires consistent investment over a long period of time. Investors are expected to focus on the ‘time’ period of investment instead of ‘timing’. This means, investors are meant to stay invested for a long period of time rather than waiting for the correction to happen before a good buying opportunity arises.

«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia. And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do? A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.

Ashwini Agarwal, Founder, Demeter Advisors, says “I am quite excited by the whole chemical space where the earnings cycle seems to have bottomed out. I continue to believe in pharmaceuticals where I think the pricing environment and the demand environment are reasonably solid. I think IT services might be a place to hide. I do not own it personally. But from a risk return perspective in a benchmark portfolio and IT services holdings might do reasonably okay. I do not think a lot of absolute gain will be made there. But on a relative basis, they might hold up. I look at the stock price of Paytm, I look at the stock price of metals, I look at IT. I mean, there is bad news, there are bargains available. Ashwini Agarwal: Yes. There are bargains available for sure. If you look at the upstream chemical sector, after the peak of earnings in 2021, in the last one, one-and-a-half years you have seen a significant amount of decline in revenue and decline in margins led by inventory liquidation from the customers globally and you have seen a slowdown of demand as well. So, yes, there are bargains available.

“The combination of flexicap and largecap funds can offer investors a balanced approach to navigating the current market environment, leveraging the strengths of both flexibility and stability” says Rajesh Bhatia, CIO at ITI Mutual Fund. In an interview with ETMarkets, Bhatia who has over 30 years of investment experience said: “Investing in Large Cap funds can be a prudent strategy for investors looking for stability and growth potential in their portfolios,” Edited excerpts: We have seen some volatility in the market post the Interim Budget. What is keeping investors on the edge, or is it profit-taking? Rajesh Bhatia: The Indian markets are in a bull phase. The breath of sector participation in this rally implies that this is a strong market.

Investing.com — The Dow slumped on Tuesday, posting its biggest daily loss since March 2023 as Treasury yields surged after a hotter-than-expected inflation report cooled expectations for a sooner and more aggressive Federal Reserve's rate cutting cycle. 

Mutual Fund announced the launch of the Union Business Cycle Fund. The scheme opened for public subscription on February 13, 2024, and will close on February 27, 2024.

Aditya Welekar, AVP, Axis Securities, says the “Hindalco project will earn a higher EBITDA per tonne as compared to the existing $525 per tonne. This project will earn $700 plus per tonne EBITDA per tonne. So, as and when it comes online, that will be value accretive, but that is far away from now because the project will take 15 to 18 months to ramp up from the date of commissioning in the second half of CY2026.” How are two factors – cost overrun and also delay in commissioning of project — are going to change your view on Hindalco and secondly, don’t you think that because of the delay in commissioning of this project, the aluminium cycle which has been on an uptrend so far could reverse by the time the plant actually starts? Aditya Welekar: The support of aluminium prices will be there. Indian operations will be doing better. The only overhang will be because of that capex intensity at the project, but at the same time they have also indicated levers at EBITDA per tonne reaching to $600 per tonne at Novelis and that looks kind of achievable because as they move forward, prices will reset at a higher level for Novelis and their recycling percentage and automotive share in the total product mix will also increase in future.

Financial shocks are bound to hit at some point, and building financial resilience can make it easier to handle them when they do

Reliance Industries (RIL) today become the first listed Indian entity to cross the Rs 20 lakh crore market capitalisation milestone after the stock rallied up to 1.89% to hit fresh 52-week high of Rs 2957.80 on BSE. In the last two weeks alone, the stock's market value has gone up by Rs 1 lakh crore as the Rs 19 lakh crore-level was touched on January 29. So far in the calendar year, the share price of India's most valued stock has gone up by about 14%.

₹6.72 trillion were higher than last year’s ₹6.37 trillion. While this looks encouraging, 80% has been raised by financial companies, compared with 74% last year. So non-financial firms have raised just ₹1.34 trillion.