Experts Financial News

private capex is concentrated only in a few industries and is yet to get more broad-based, economists said. Fixed asset investment grew faster in the construction and consumer-facing sectors like retail, finance, and consumer durables than the average growth registered across 1,420 industries, showed an ET analysis of data compiled by Bank of Baroda. Auto, power, and telecom were laggards, according to Bank of Baroda data, growing slower than the 7.1% growth registered across enterprises in the first half of FY23. “It can be concluded that investment activity is not yet broad-based. It is in limited pockets.

ANZ will make five key arguments in a hearing next month when it will attempt to convince the Australian Competition Tribunal to overturn the Australian Competition and Consumer Commission’s decision in August that blocked its $4.9 billion acquisition of Suncorp Bank. 

Over 9% FD interest rates for senior citizens: Check these 7 banks According to the bank website, “Festive Offer Extension of ‘Utsav FD’ for 375 Days and 444 Days up to December 31, 2023.” Amrit Mahotsav FD 444 days The bank gives regular, NRE, and NRO customers an interest rate of 7.15% under the Amrit Mahotsav FD scheme of 444 days. The bank gives senior citizens 7.65%. Also, premature withdrawal and closure is allowed. Amrit Mahotsav FD 375 days The bank gives older folks 7.65%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days. Also, premature withdrawal and closure is allowed.

Samvat 2080. The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years. The market’s strategic appeal, particularly given its largely domestically driven growth, offers investors a wide array of alpha-generating themes, including make-in-India, largecap compounders and midcap multibaggers, Goldman said. Here’s what Dalal Street’s top 5 market moguls say on money-making opportunities in Samvat 2080: Sunil Singhania We think there is still merit, particularly in some of the larger second-tier banks. We are seeing performances on the fundamental side in terms of their NII, operating profit, and PAT growth. Their ROEs are now comparable to some of the larger banks and the asset quality is spic and span.

countervailing duty (CVD) actions from the United States and the European Union on at least two products due to their utilization of the Remission of Duties or Taxes on Export Products (RODTEP) scheme. RODTEP, introduced by the Indian government to replace the Merchandise Export Incentive Scheme (MEIS), aims to refund levies on exported goods.

smallcap stocks have been the flavour of the season for Dalal Street investors, giving superlative returns. However, the sharp rally has prompted mutual funds to book profits in some of them. The monthly MF holdings data showed that the domestic institutions have reduced exposure to 10 such mid- and smallcap stocks for three consecutive months. Of the 10 stocks, nine of them have given double-digit returns of up to 43% so far in the current financial year, while one has turned multibagger. Mazagon Dock Shipbuilders, Bank of India, Thermax, Uno Minda, and Vedant Fashions are the five midcap stocks which saw mutual funds reducing their exposure for three months in a row, according to the data shared by Nuvama Institutional Equities. The five smallcap stocks that saw selling by MFs for three consecutive months were Galaxy Surfactants, Ingersoll Rand, BEML, Home First Finance, and MTAR Technologies. Mazagon Dock Shipbuilders/BEML These two defence sector superstars have given whopping returns to investors so far in FY24.

Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. Brent crude futures rose 33 cents, or 0.4%, to $82.85 a barrel by 0113 GMT. U.S.

Last date to submit annual life certificates, deadlines for special FD: 5 money deadlines in November 2023 Bali Pratipad, also known as Bali Padyami, Diwali Padva, Virapratipada, or Dyutapratipada, is the fourth day of Diwali and is celebrated in various regions of the country to commemorate the mythical return of the daitya-king Bali to earth. The lunar fortnight officially begins today.

Gold prices were stuck in a narrow range on Tuesday as investors refrained from taking big positions ahead of U.S. inflation data that could offer more clarity on whether the Federal Reserve is likely to raise interest rates further. Spot gold was flat at $1,945.45 per ounce, as of 0303 GMT.

yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency similarly slumped to a 15-year low of 162.38 per euro in early Asia trade and slid to a roughly three-month trough of 186.25 per British pound. Against the dollar, the yen last stood at 151.72, languishing near a one-year low of 151.92 hit on Monday.

Sanjiv Bhasin, Director, IIFL Securities, says people are talking of largecap underperformance. But the stars have been REC, PFC, NTPC, and Coal India. While people kept doubting the PSU rally, they kept going higher. There is still more steam there. I would not advocate buying fresh ad hoc, one can do SIP in some of these stocks. These are on a multi-year high, which means there is much under participation, particularly from mutual funds and FIIs that these stocks are going to be huge outperformers. Is there a trade in the short term in any of the jewellery, retail or textile stocks, considering everyone I have spoken to, referred to very long lines outside big stores. Correct. I think Reliance Retail will be the biggest beneficiary. They are adding about 800 outlets per quarter. One thing which is getting unnoticed by the market is how fast Reliance Retail is expanding into the market share and gaining market share. Earlier, they had about 2,000 outlets, now it is 800 per quarter. You can imagine how fast this multiplicity will be and that caters to all needs.

Coal India (CIL) after the company's second-quarter results beat market expectations. The stock jumped 5.3% to hit a 52-week high of ₹350, emerging as one of the biggest gainers on Monday. The average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company's earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory.

Fedbank Financial Services, Epack Durables and Suraj Estate Developers have received market regulator Securities and Exchange Board of India's (Sebi) approval to go ahead with their proposed initial public offerings (IPO). The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process. Fedbank Financial Services' IPO consists of a fresh issue of ₹750 crore and an offer for sale of 70.3 million shares.

The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International.

Protean eGov Technologies listed at ₹792 on Monday, the price at which the company sold shares in the IPO. After the flat debut, the stock soared as much as 12.5% to a high of ₹890.90 before closing at ₹883. The ₹490-crore IPO was subscribed almost 24 times.

Nifty Smallcap 100 index gained 0.7% to hit an all-time high of 13,610 on Monday, dodging the weakness in the Sensex and Nifty. BSE, CAMS, and Hindustan Copper jumped 7-9%, emerging as the top gainers on the Smallcap index. The index has jumped 1,219 points, or 9%, since October 26 against the 2.8% gains in the Sensex and the 3.1% advance in the Nifty.

Google makes to Apple, wireless carriers and others are normal competitive behavior and not an abuse of monopoly, an expert called by Google testified on Monday in a blockbuster antitrust trial. In what is expected to be the last week of trial, Kevin Murphy, who teaches at the University of Chicago Booth School of Business, argued Apple and others played Google and Microsoft, which has the Bing search engine, off against each other in order to win big payments from Google.

Saturn's renowned rings to disappear from Earth's view from 2025; here's all you need to know "Happy #Diwali to all those who celebrate," NASA wrote in a post on X (formerly Twitter). "NASAHubble captured a celestial festival of lights -- a globular cluster -- 30,000 light-years away from Earth, near the dense and dusty center of our own Milky Way galaxy," it added. The US Space Agency said that the cluster contains both old and new stars.

real estate investors in the Dubai property market, playing a pivotal role in shaping the city's real estate market. The Betterhomes Residential Market Report showed Indians topping the nationalities list in the June and September quarters — up from No.

deepfakes as they cannot thwart their creation and original circulation, experts said, urging policymakers to step in to address the damage they cause. “Criminal provisions under the IT Act and the IPC only partially address the harms which arise from deep fakes,” said Siddharth Deb, manager – public policy, TQH Consulting. “Policymakers must identify interventions that address this and reduce the psychological impact on victims.”

Stock Market Holiday: Stock market today: The Indian stock market will remain closed today, November 14, 2023 on account of Diwali Balipratipada. There will be no trading in the equity segment, equity derivatives segment, and SLB segment. The currency derivatives market is also shut for trading today.