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Polycab India and KEI Industries. JPMorgan maintained an overweight rating on RIL and Morgan Stanley has an underweight rating on IGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on Polycab India and KEI Industries: Buy Goldman Sachs initiated coverage with a buy rating on Polycab India and a target of Rs 5750 while on KEI Industries it has kept a target of Rs 2730. Both companies are in a prime position to benefit from the nation's infrastructure push.

portfolio overlaps, largely negating the diversification intent. While it is not possible to eliminate overlaps completely, there are ways and means to reduce their likelihood and reach the diversification goal.

Delhi air quality stood at 348 on Wednesday, November 22, morning at 6:30 am, which lies in the ‘very poor’ category according to the System of Air Quality and Weather Forecasting And Research (SAFAR). AQIs between zero and 50 are considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', 401 and 450 'severe', and above 450 'severe plus'.

Binance, the world's largest cryptocurrency exchange Changpeng Zhao, or CZ, as he is fondly known by crypto enthusiasts, has stepped down from his role after pleading guilty to breaking US anti-money laundering laws, as per a Reuters report. Also Read: What is Binance’s connection with terrorist groups like Hamas, Al Qaeda, ISIS, and Palestinian Islamic Jihad? Explained Zhao agreed to a $4.3 billion settlement deal in a Seattle court on November 21, including a personal payout of $50 million, to resolve the matter, the news agency said quoting prosecutors in the case. They added this is among the largest corporate penalties in the United States' history.

Flair Writing IPO: The initial public offering (IPO) of Flair Writing Industries Limited has opened today and the book build issue will remain open for bidding till 24th November 2023. The stationary brand has fixed Flair Writing IPO price at ₹288 to ₹304 per equity share. The public issue worth ₹593 crore is proposed for listing on BSE and NSE.

Correction (September 29th 2023): An earlier version of this article incorrectly described MCEX as an over-the-counter market. Sorry. For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only newsletter. © 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. «Banks and CCIL are in talks for the third-party clearing mechanism. In its securities settlement segment, the CCIL permitted certain members to become clearing members in 2020,» a source aware of the developments told ET.

FPIs) sold shares worth ₹9,344 crore across 16 out of the 24 sectors under consideration between November 1 and 15, according to data from National Securities Depository Ltd (NSDL). The outflow was highest in automobiles, financial services, power, information technology (IT) and fast-moving consumer goods (FMCG) while inflows were highest in healthcare, consumer services, realty and other sectors for the period. In the first 15 days of November, overseas investors were sellers to the tune of ₹1,494 crore. The automobile sector witnessed further selling by foreigners worth ₹1,722 crore in the first-half of November, after pulling ₹607 crore out of the sector in October.

wealth creator for late billionaire investor Rakesh Jhunjhunwala, Titan, on Tuesday crossed ₹3 lakh crore in market value in a glittering testimony to the local consumer's swift ascent along the luxury gradient. In achieving this milestone, the one-time horologist became only the second company from the Tata Group to cross a valuation threshold earlier breached by Tata Consultancy Services (TCS). Titan is also the second company in the retail sector, after DMart's parent Avenue Supermart, to surpass this benchmark. The stock, which has witnessed a 26% surge in the past six months while overshadowing the 9% gain for the Nifty, is poised to sustain its upward trajectory and sustain its premium valuations, as the outlook remains robust. «Titan has an impressive track record of outperforming its peers as well as exceptional long-term growth potential, all of which justify its premium valuations,» said Pratik Prajapati, analyst at Motilal Oswal Financial Services.

stock market has led to the valuations of several shares, especially mid-caps and small-caps, turning pricey, raising concerns whether the upsides are capped. Analysts think there is, however, still scope for upsides in a few smaller shares.

cryptocurrency exchange Binance is expected to pay fines totaling $4.3 billion and its chief is planning to step down, a US media report said Tuesday. In a deal with US authorities that could allow the company to keep running, Binance chief executive Changpeng Zhao intends to plead guilty to violating US anti-money laundering rules and leave his position, the Wall Street Journal reported citing unnamed sources.

Fedbank Financial Services (Fedfina) has raised 324.6 crore from 22 anchor investors by allotting 23.2 million shares at the upper price band of 140 per equity share ahead of its IPO.

Former Binance CEO Changpeng Zhao on Tuesday named a new CEO of the cryptocurrency exchange he founded, after pleading guilty to federal money laundering charges and stepping down as the company's chief.

Statistics Canada says airfares have plummeted over the past year, as airlines shore up capacity even while consumers think twice about travelling in a world of higher costs.

Jackie Chan and Ralph Macchio fans who have seen their heroes starring in separate Karate Kid films decades apart will be thrilled to see both the legends share screen space together for a brand new movie feature installment in Sony Pictures’ hugely popular martial arts saga. The movie is being directed by Jonathan Entwistle and produced by Karen Rosenfelt. Sony Pictures will release the movie in December, 2024. The film's plot is being kept under wraps, although rumors have it that it will carry on the original franchise's mythology. But the new movie will see Macchio reprising his role as Daniel LaRusso, the karate champion molded by Pat Morita’s Mr. Miyagi, while Chan plays Mr. Han, the kung fu expert who assisted Jaden Smith in fending off bullies, in the Sony Pictures 2010 Karate Kid remake. Through the popular Netflix series "Cobra Kai," which revealed its sixth and final season earlier this year, Macchio has maintained the role of Daniel. Josh Heald, Jon Hurwitz, and Hayden Schlossberg devised the program, which is set several decades after the events of the first «Karate Kid» films and rekindles the rivalry between Daniel, who is now middle-aged, and Johnny Lawrence, who is played by William Zabka. Prior to Cobra Kai, five Karate Kid films were made, which began 1984, and they collectively grossed more than $430 million globally.

Bitcoin and Render are making notable advancements within the dynamic realm of cryptocurrencies. However, Rebel Satoshi stands out as a leading cryptocurrency to buy, demonstrating impressive growth during its presale. Can $RBLZ usurp top crypto coins like BTC and RNDR? Let’s find out.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

Rohit Sharma-led Indian cricket team failing to win ICC Men's World Cup 2023, while playing against Pat Cummins-led Australia at Narendra Modi Stadium on 19 November, critics and experts have started doing their analysis on why India failed despite being the outright favorites after a 10-match winning streak. Cricket legends like Ricky Ponting, Nasser Hussain, and Harbhajan Singh felt the Ahmedabad pitch ploy 'backfired, on the other side Sunil Gavaskar and Virender Sehwag felt the sluggish 67-run stand between KL Rahul and Virat Kohli cost India the match. Meanwhile, another set of cricketing legends Gautam Gambhir and Wasim Akram have pointed out Rohit Sharma's crucial moves in the final against Australia, which resulted in its defeat.

Entrepreneurs and professionals eyeing Web3 are likely both enthusiastic and wary. While seeming “overnight success” stories are alluring, there’s also no doubt that the crypto and blockchain industry has seen its share of bad actors. Further, the unfamiliarity of the industry’s technologies, methods and philosophies can be daunting to a newcomer.

Flair Writing Industries Ltd, on Tuesday, said it has mopped up Rs 178 crore from anchor investors. The company has allocated 58.52 lakh equity shares to 23 funds at Rs 304 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Those that participated in the anchor book include — SBI Mutual Fund (MF), Aditya Birla Sun Life MF, Tata MF, ICICI Prudential Life Insurance Company, SBI Life Insurance Company, Troo Capital and Winro Commercial (India) Ltd.

By Anna Tong, Krystal Hu and Jody Godoy