Wellness Financial News

Canada’s inflation rate fell to 1.6 per cent in September, dropping well below the Bank of Canada’s two per cent target and increasing bets that the central bank will accelerate cuts to its policy interest rate.

Inflation in September rose 1.6 per cent, the slowest year-over-year increase in more than three years and well below the Bank of Canada‘s target of two per cent.

Subscribe to enjoy similar stories. MUMBAI : Imagine you’re planning a cross-country road trip and need to choose a driver. While having a driver’s licence is essential, it’s not enough.

RBI policy might have surprised the market with its dovish tone and stance change to neutral, but the change in RBI policy was already visible in its liquidity management. Indeed, since July 2024, interbank liquidity surplus has averaged ~INR1.2tn (0.5% of NDTL or deposits). The last time similar levels of surplus liquidity were seen was in June to August last year and the RBI responded by imposing incremental ICRR of 10%. In contrast during the current phase of liquidity surplus, RBI has refrained from any strong liquidity absorbing measures. Persisting with VRRRs and VRRs to keep the weighted average call rate near the repo rate. The TREPS rate where maximum volume of transactions take place, has been averaging below the repo rate over the last few months.

«So, whether the fiscal incentive comes or not, that will determine quite a few things. And of course, if exports were to revive, then it can become a much better trade. But these two has not happened yet and in the absence of these two, China remains more of a tactical trade,» says Rana Gupta, Manulife Investment Management. All of us in the last 15 days have spent a considerable time in understanding this China comeback and sell India trade. Is that a real trade? Do you think that is a multi-year trade or that trade is already over? Rana Gupta: Well, it depends on whether the Chinese policymakers go down the path of a large fiscal stimulus or not. In our view, China was export oriented economy, which got its savings and invested in real estate.

SRF Ltd. slipped 0.09 per cent to Rs 2339.2 in Tuesday's trade as of 11:41AM (IST). It hit a high of Rs 2355.1 and low of Rs 2338.65 during the session. The stock quoted a 52-week high price of Rs 2697.45 and a low of Rs 2081.25. The return on equity for the stock stood at 11.63 per cent. About 1,385 shares have changed hands on the counter so far.

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For several years, the country has fallen well short of the rosy visions proclaimed by its leaders. India should become the first major economy to industrialize without carbonizing, to paraphrase its Group of 20 sherpa Amitabh Kant. Prime Minister Narendra Modi promised to connect 500 gigawatts of clean energy by 2030, equivalent to all the generators in France, Germany and Italy put together. The picture on the ground has, until recently, been very different. A previous aspiration to hit 175 GW by 2022 came in 40% below target, and had to be fudged to avoid embarrassment. Ill-advised tariffs on solar panels, combined with contractual and political support for fossil fuels and constant changes to the rules of renewable power auctions, made matters worse.

Mayuresh Joshi, Head Equity, Marketsmith India, says in the second half, Reliance’s retail-oriented businesses should see a strong comeback. The new-age businesses are something to be seen as well. They are having a very calibrated approach in terms of their new-age businesses. So, the kind of timelines we are looking at for these new-age businesses without minimal burden on the balance sheet is going to be critical. These two segments might offset the weakness in upstream and the O2C business. In realty stocks, Joshi says if somebody is holding Oberoi, Godrej, and DLF, they can continue holding on. Among real estate ancillaries, Greenply, Century may work out. What are the expectations from Reliance Industries? More than earnings, what are the next set of triggers to watch out for because it has been fairly sideways since it is down to Rs 2,700 from Rs 3,200 all-time high level. What will provide a fillip to Reliance from here on? Do you believe in the tie-ups that the Street has been talking about? Mayuresh Joshi: Coming to triggers going forward, there are two things. One, if there is a genuine recovery in terms of China per se in the next few quarters, the downstream business, which defines how the petchem business will move for Reliance and the spreads thereof should show signs of stability and improvement and that can have a telling say in terms of the petchem performance itself.

Pashupati Advani, Founder, Global Foray, says long-term, Avenue Supermarts is a good place to be in and a well-run company and the promoter and the CEO have done very well and have made fantastic things that are making it happen. It is unfortunate that temporary blips have meant that brokerage houses have lowered their weights, but it is just a matter of time before it does well again. Advani also says that Avenue Supermarts is making a large amount of net profit now from non-food items in the sense of making money on garments and underwears and socks and all the other things, kind of like Costco and Walmart in the US. The financialisation theme is not a short-term theme, it is not a matter of a few months or even a few years at that. Definitely a long-term theme for India. With respect to that and the fact that the NSE IPO is expected to be around the corner, which are the names from the financial ancillary setup that you would recommend? Pashupati Advani: Obviously, because the NSE IPO is coming, then CDSL and BSE obviously would be participating because the NSE IPO is coming currently at a higher PE than the BSE one. People would look at BSE as a cheaper alternative and go for a convergence to mean. The bank index is doing well, and is being pulled up by HDFC Bank, which is a very large part of it.

Subscribe to enjoy similar stories. Wars in the Middle East and Ukraine dominate the headlines, but the Indo-Pacific remains the fulcrum of world politics and where the 21st century will take shape. While bombs fall and missiles fly elsewhere, the Chinese Communist Party is wrestling with its greatest challenges since Deng Xiaoping’s reforms fueled a generation of blistering growth in the 1980s.

Venugopal Garre, MD,Bernstein, says China recovery is positive for India, and not negative for India. From a broader India perspective, India is going potentially through a phase of fatigue in the economy which is going to impact earnings as well. So, we need to watch more for that as a challenge for capping Indian equity returns than anything else. Derivative drivers, be it aspects around IIPs, production levels and things like cement demand, across the board we see some degree of fatigue which is more derivative in nature in terms of demand. Let us understand your view of the world. Exactly a week ago, the concerns for equity markets were abundant – China, US macro data, and the Middle East crisis. At least for the moment, two out of those three concerns have taken a backseat.

The second largest shareholder of Southwest Airlines is calling for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline’s board

Subscribe to enjoy similar stories. Manesar, Haryana-based electronics design and manufacturing services provider VVDN Technologies plans to invest $100-200 million over the next three to four years to set up manufacturing facilities for making printed circuit boards, camera lens, displays and connectors, in a bid to ensure its own availability of components and reduce dependence on imports from China. VVDN president Vivek Bansal said in an interaction with Mint that the new facility will supply components across its lines of business which includes 5G telecom radio equipment, IoT, automotive, industrial use cameras, EV chargers and upcoming businesses of data centre servers, laptops, smartphones, and smart meters.

U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports

Kunal Kothari, Research Analyst, Centrum Broking, says in the last two weeks, there have been a good turnaround in the trend and prices have moved up by around Rs 1000 to Rs 1500 per tonne. So, the stimulus that was announced in China is flowing very positively for the metal sector. On the back of the positive commentary that has come in from China, do you expect any kind of an uptick in prices because we were expecting some positive boost to come in when it comes to the real estate space and the manufacturing sector, but nothing meaningful had come in from China. Post this announcement, are you expecting an uptick in the metal prices? Kunal Kothari: Yes, of course, on the international front, we have already seen a good uptick in the steel prices. So, on a month-on-month basis, it has already gone up 15% from the bottom, that we saw last month. Similarly, a positive trend is continuing in India as well. In the last two weeks, we have seen a good turnaround in the trend and prices have actually moved up by around Rs 1000 to Rs 1500 per tonne. So, the stimulus which has been announced in China is actually flowing very positively for the metal sector.

In today’s article, we shall be discussing about best deals offered by the Amazon Great Indian Festival Sale 2024 on a premium range of fashion and beauty products. From Tommy Hilfiger, GUESS, Seikoto Hidesign, and Swarovski, there is something for everyone. So, what are you waiting for? Grab your phone and make the best out of this amazing sale.

JPMorgan says its net income fell to $12.9 billion in the third quarter.

Netflix. The movie will start streaming in the US just months following its theatrical release.

Funds to Watch gives delegates the opportunity to hear from up and coming, or evolving, funds and managers. By attending you will hear presentations from a mixture of groups over the two days – from boutique asset managers to large global houses. In addition to discovering the funds that will drive future returns, you will also benefit from the chance to join your industry peers in generating new ideas, share challenges and opportunities and participate in enlightening discussions. If that wasn't enough, the agenda includes two exciting and informative keynote speakers, as well as din...

The Canadian government isn’t the only one looking to tap into billions of dollars invested by the country’s largest pensions.