Posts in category Economic Times
Voda-Idea raises Rs 5,400 cr from anchors, GQG may invest $400m (17-04-2024)
Vodafone Idea's ₹5,400-crore offer to anchor investors was fully subscribed, with support from various foreign institutional investors, domestic mutual funds, and the Government of India. This fundraising effort aims to strengthen the telco's financial position and support its future plans.
Rupee plunges below 83.50 as West Asia, US rate worries continue (17-04-2024)
Rupee weakened past 83.50/$1 against the dollar due to US rate cut uncertainty, Middle East tensions, and RBI intervention. Impact of US retail sales, inflation data, and high forex reserves also contributed to the currency's performance.
IT stocks slump as F&O bears mount bets on more downside fears, Infy results in focus (17-04-2024)
Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys' guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.
ETMarkets Smart Talk: Nifty seen @ 24K in 2024; Nishit Master highlights 3 risks which could derail bull rally (17-04-2024)
Nishit Master predicts Nifty50 at 24000 with high single-digit returns. Post-election policy uncertainty poses a risk. Geopolitical tensions may affect energy prices and Rupee, impacting the bull rally.
Vodafone Idea’s Rs 18,000 cr FPO may attract big investors. Is it worth your money? (17-04-2024)
Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.
Q4 results today: Tata Communications, Angel One among 10 companies to announce earnings (17-04-2024)
March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.
Stock market to remain shut for Ram Navami today (17-04-2024)
Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.
Bank of America Q1 Results: Profits fall 18% on higher expenses, charge-offs (16-04-2024)
Bank of America's first-quarter profits decreased due to higher expenses related to rising interest rates, surpassing expectations. The bank made a $700 million payment to the FDIC to support the deposit insurance fund, impacting its earnings.
NSE drops ZEEL from F&O segment with effect from June 28 (16-04-2024)
In February last year, NSE had excluded Zee from the F&O segment after the NCLT admitted an insolvency plea filed by IndusInd Bank against the company.
These 9 consumer discretionary stocks hit a 52-week high and rallied up to 90% in a month (16-04-2024)
This milestone assists in evaluating a stock's current value and forecasting potential price changes in the future.