Posts in category Economic Times
Jio Financial forms joint venture with BlackRock (16-04-2024)
In a release to stock exchanges on Monday, Jio said it has signed a 50:50 joint venture with BlackRock for incorporating wealth management and brokerage companies in India. Both companies have a similar partnership for the asset management venture.
Who will get D-Street’s vote: Stocks to benefit from a BJP win in polls (16-04-2024)
"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."
Rupee-rouble settlement volume up seven times from 2022: Sberbank (15-04-2024)
India’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa.
Fairfax arm infuses Rs 500 crore into IIFL Finance (15-04-2024)
Fairfax's Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa's subsidiary provides secured, rated bonds at 9.5% coupon. ET's comment requests to IIFL Finance and Fairfax go unanswered.
Oil sheds 1% after Iran attack, US economic data (15-04-2024)
Brent futures at $89.54, U.S. crude futures at $84.79. Israeli interception eased fears. Strong U.S retail sales data and interest rate concerns influenced prices.
US 10-year Treasury yields at highest since November following strong retail sales data (15-04-2024)
Benchmark U.S. 10-year Treasury yields spiked due to inflation and Middle East concerns. Consumer resilience affects rate cut expectations. Two-year Treasury yield rises by 10 basis points.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (15-04-2024)
Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran's retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.
RIL to announce Q4 results, consider dividend on April 22 (15-04-2024)
Reliance Industries Ltd to announce March quarter results on April 22, including potential dividend approval. Analysts anticipate profit decline and revenue growth. O2C business is expected to see refining throughput decline and GRM increase.
Market Trading Guide: ONGC, Indus Towers among 5 stock recommendations for Tuesday (15-04-2024)
Falling for the second session in a row, the 30-share BSE Sensex tanked 845 points or 1.14% to settle at a more than two-week low of 73,399.78