Posts in category Economic Times
Hungry for returns, investors SIP on stocks (10-04-2024)
Retail investors surged on Dalal Street, with 15 crore demat accounts. Mutual fund folios reached 11 crore, while equity assets grew. SIPs rose to Rs 19,000 crore amidst foreign fund selloffs, supported by financialisation of savings and digitisation.
Fourth Partner Energy raises Rs 125-crore debt (10-04-2024)
Founded in 2010 by entrepreneurs Vivek Subramanian and Saif Dhoraijwala, FPEPL has raised ₹1,600 crore in equity funding since its inception, with investments from funds like TPG's Rise Fund and Norfund, a Norwegian development-focused fund.
Paytm Fallout: RBI’s new KYC drill impacting ARC deals (10-04-2024)
Earlier, asset reconstruction companies (ARCs) would ask creditors selling bad loans for central KYC records, but now the RBI is insisting on full KYC. "When purchasing portfolios from banks/NBFCs, RBI requires ARCs to maintain KYC documents for all accounts. This seems to be a fallout of the Paytm incident," said an ARC executive.
Sensex at 150,000 by 2029: The ultimate compounding machine (10-04-2024)
Looking back, the story of the Sensex is the story of India in a sense. In 1979, India was virtually a basket case in the global scheme of things, with a GDP of barely $130 billion. In fact, in 1990, the country went nearly bankrupt with forex reserves dwindling to a few months of our imports. Then came the IMF bailout package, and India has not looked back since.
A 99.94 record’s not ruled out, but Don had a few ducks, too (10-04-2024)
Domestic flows are expected to remain firm, while global flows seem to be a bit apprehensive about higher valuations. They have a choice of buying 'sundar' (a market like India which has given better returns but is trading at expensive valuations) or 'sasta' (markets like China, Brazil, South Africa, and Russia which are trading at cheap valuations). It is a difficult choice.
GIFT Nifty up 55 points; here’s the trading setup for today’s session (10-04-2024)
"With the start of the result season, stock-specific action is likely to continue in the market. Agri and rural-related stocks are expected to be in focus after Skymet forecast a normal monsoon for India in 2024," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan (10-04-2024)
Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering "unconditional, unqualified" apologies.
Asset allocation strategies work better at equity market highs (10-04-2024)
The foundation of India's economic resilience lies in its prudent fiscal policies, exemplified by controlled fiscal deficits, current account deficit management, and inflation containment. This steadfast approach has instilled confidence in investors, paving the way for a sustained bull market over the last decade and more.