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Incoming Starbucks Corp chief executive officer Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him at all. Despite the coffee-chain giant being one of the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO.

Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier said on Bloomberg TV Monday. When “fixed deposit rates don’t go up as much as customers would like them, they look for alternates.” Deposit growth has lagged strong demand for credit in India for several quarters now, prompting top officials to weigh in. Finance Minister Nirmala Sitharaman and Shaktikanta Das, governor at the Reserve Bank of India, has urged banks to innovate in order to increase their deposits as household savings shift to investment products.

Caplin Point Laboratories surged 15% to hit a fresh 52-week high of Rs 1,818 on the NSE after the company informed exchanges about nil observations by the Brazilian health regulator during an inspection at its Chennai -based unit. Brazilian Health Regulatory Agency (Anvisa) conducted an inspection of Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi between August 12 and 16 and concluded with zero observations.

Aditya Arora, Adlytick, says the recovery in the Nifty Mid Cap space which is also in derivatives, the recovery is just about 50% of the fall. So, the recovery is not very strong and it is not broad-based because a lot of pockets are still down about 10% to 20%. One should just treat this as a retracement of the fall and should not be a blind bull at this point. What is your take on the benchmark indices and the levels that one should watch out for? Aditya Arora: The markets have recovered pretty smartly from those levels, but the recovery is pretty muted. If you look at Nifty Mid Cap space which is also in derivatives, the recovery is just about 50% of the fall. So, the recovery is not very strong and it is not broad-based because a lot of pockets are still down about 10% to 20%. One should just treat this as a retracement of the fall and should not be a blind bull at this point because we are not seeing fresh breakouts in many pockets.

SRF Ltd. rose 0.19 per cent to Rs 2475.2 in Monday's trade. It hit an intraday high of Rs 2499.35 and low of Rs 2452.45, respectively, during the day. The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.

Bestinvest classifies funds that have consistently underperformed over three consecutive 12-month periods and by 5% or more during those three years as «in the doghouse».  Despite the fall in the number of ‘dog' funds over the last six months to 30 June, Bestinvest noted that fund groups should renege from «congratulating themselves» as the 137 funds in the report remains significantly higher than the 56 funds flagged a year ago.  Having made its first appearance in the Spot the Dog survey earlier this year, Terry Smith's flagship £24bn Fundsmith Equity was omitted from the list this ...

Brokerage firm Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods' aggressive palm oil plantation plan within its edible oils business. The brokerage firm noted, «Patanjali is poised to leverage the strong premiumisation drive in its foods business.»

Ukraine, the External Affairs Ministry said today. It will be Modi's first trip to the war-torn country since its conflict with Russia and about a month after he met President Vladimir Putin in Moscow. Details of the trip will be shared later in the day, Reuters reported quoting the foreign ministry. Modi is expected to visit Ukraine between August 21 and 23, ET had reported earlier. It comes just over a month after Modi visited Russia and Austria. Western capitals have imposed sanctions on Moscow following its invasion of Ukraine in 2022, but friendly nations such as India and China have continued to trade with it.

HDFC Bank Ltd. with a target price of Rs 1,850. The current market price of HDFC Bank Ltd. is Rs 1,630. HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1241721.64 Crore).

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, ToI reported on August 19. This initiative has the support of the Insurance Regulatory and Development Authority of India (Irdai), but it will require political approval since amending the Insurance Act is necessary, said the report (by Sidhartha). The proposal aims to open up the sector further to foreign investors, as the current cap is seen as restrictive. Additionally, there are discussions around easing other FDI regulations, including the requirement that certain top management positions must be held by Indians. Officials, who are part of these conversations, revealed that a comprehensive set of amendments to the law is also in the works, although the timing for the bill's introduction is not yet decided. The Department for Promotion of Industry and Internal Trade is also reviewing sectoral norms to encourage more unbridled investments. «Given that most large Indian companies and conglomerates have already invested in the insurance sector, officials said, it is time to allow 100% FDI in the sector since several foreign players with deep pockets are willing to come into the country but are not able to find a matching domestic player.»

Railway sector companies reported an average decline of nearly 16% in their net profits on quarter-on-quarter basis over the three-month period ended June 30, 2024, while the revenue witnessed a 24% average sequential plunge in the said quarter. An ETMarkets analysis further revealed that the stocks have derailed somewhat in the last one month, falling by up to 32% from their 52-week peak after running on a fast track for more than a year. We analysed results of 13 companies in the railway sector which include BEML, Indian Railway Catering and Tourism Corporation (IRCTC), Container Corporation of India, Indian Railway Finance Corporation (IRFC), Ircon International, Jupiter Wagons, Oriental Rail Infrastructure, Rail Vikas Nigam Limited (RVNL), RailTel Corporation of India, Ramkrishna Forgings, RITES, Texmaco Rail & Engineering and Titagarh Rail Systems.

Shree Cements Ltd. traded 0.78 per cent higher in Monday's session at 12:02PM (IST). The stock opened at Rs 24840.0 and has touched an intraday high and low of Rs 24960.0 and Rs 24701.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23431.9. About 570 shares changed hands on the counter so far.

Zomato on Monday jumped 6% to hit a fresh 52-week high of Rs 280 on BSE after the global brokerage firm UBS raised the target price on the new-age stock from Rs 260 to Rs 320. «We increase our GMV estimates for food delivery (+2-3%) and quick commerce (+20-30%) for FY26-28e following the strong Q1 and solid guidance. Our adj EBITDA estimates for the next 1-2 years are up only slightly as investments in building supply for quick commerce will likely result in a more modest margin trajectory,» UBS said in a note while maintaining a buy call.

The ports of Los Angeles and Long Beach, which account for roughly a third of all US container imports, had their third-strongest month ever in July, just shy of an all-time high reached in May 2021. Back then, a wave of inbound consumer goods caused supply bottlenecks on land and a queue of cargo ships waiting for a berth offshore was getting longer by the day. Demand now is driven by retailers and other importers that are stocking up ahead of US tariffs on Chinese goods and a possible strike by a large group of American dockworkers — adding to the usual frenzy of pre-holiday ordering that occurs this time of year.

“If you had invested 50 lakh and added another 61.8% to it, the 50 lakh would have become roughly 81 lakh over this period of one year,” says Alok Agarwal, Head-Quant & Fund Manager, Alchemy Capital. In an interview with ETMarkets, Agarwal said: “We developed the eQGP framework. The last three letters—Q, G, and P—stand for quality, growth, and price action, respectively” Edited excerpts: The Alchemy Smart Alpha 250 will be completing its first year in August. Many congratulations on that. Could you take us through the performance of the fund as well? Alok Agarwal: Alchemy Smart Alpha 250 is a large and mid-cap strategy that invests only in the top 250 stocks by market cap. So, it is essentially a completely large and mid-cap strategy.

Mint earlier reported about Macquarie Group, JSW Neo Energy, and Actis Llp signing NDAs to buy O2 Power. Barclays is running the sale process for the deal having an equity and enterprise value of around $1 billion and $2.3 billion respectively. The next stage involves shortlisting the NBOs to give selected bidders full data room access, after which the binding bids will be submitted.

Also read | Mint Explainer: Hindenburg's latest salvo against the Sebi chief While the Nifty futures contract expiring on 29 August rose 0.75% to 24,585.5 in the week through 16 August, the AEL contract expiring on the same date fell 2.7% to ₹3,119.35 a share during the period. Adani Ports’ contract slipped 2.8% to ₹1,497.35.

quick commerce platforms increasingly operating like horizontal online marketplaces, Blinkit and Zepto are seeing much higher sales and carrying a wider assortment at the onset of the festive season with Rakshabandhan, top executives, brands and sellers told ET. Flipkart, Amazon India and others are in the middle of preparing for the upcoming festive season and quick commerce firms are bulking up for an action-packed Diwali this year, aiming to corner a greater market share. These platforms are also doubling the number of stock keeping units (SKUs) to be able to deliver a wider set of goods to consumers during the festive season. Zepto is working to roughly double its SKUs from the 10,000 on offer currently, people in the know told ET. A spokesperson for Zepto confirmed the development. In its June quarter report, Blinkit said it was selling up to 25,000 different SKUs in some locations.

startups in the electric two-wheeler segment — Ola Electric, Ather Energy and Greaves Electric (Ampere) — declined to 48.8% in the first quarter, from 59% in the year-ago period, as legacy manufacturers such as Bajaj Auto, Hero MotoCorp and TVS Motor Company expanded their footprint in the fast-evolving market. After starting from behind, the older companies accounted for about one of every three units sold in the category in the first three months of the current financial year. Overall, electric two-wheeler sales inched up by 1.4% to 221,548 units, according to the Federation of Automobile Dealers Association (FADA).