Posts in category Economic Times
Stocks in news: JSW Energy, Dixon Tech, ZEE, PC Jeweller, Shriram Properties (03-04-2024)
In today's trade, shares of JSW Energy, Dixon Tech, ZEE, PC Jeweller, Shriram Properties among others will be in focus due to various news developments.
IT sector’s challenges persist in Q4; guidance for FY25 in focus (03-04-2024)
HCLTech and Tata Consultancy Services (TCS) poised to dominate Indian outsourcing industry with expectations of revenue growth acceleration in FY25 driven by higher discretionary expenses and strong deal wins in the US market.
Bourses give ‘prior nod’ for change in Reliance Securities’ ownership (03-04-2024)
The brokerage had sought approvals from the bourses for transferring shares owned by existing promoter Reliance Capital to Aasia Enterprises LLP - a Hinduja Group entity. The approvals come in the wake of a successful bid for Reliance Capital by Hinduja group entity IndusInd International Holdings (IIHL), a promoter entity of IndusInd Bank.
Oaktree invests Rs 1,600 crore in Sesa’s bonds (03-04-2024)
The funds are raised by mortgaging fixed and movable assets of Vedanta and Sesa Resources. The company has also pledged its entire shares as security against loans.
AB Capital stock could double in 3 years: Macquarie (03-04-2024)
The price target implies an upside potential of 14.4% from Tuesday's closing. The stock hit ₹202 - the highest level since November 2017 - before closing at ₹201.05. Macquarie said the company is its top pick among NBFCs and has the potential to double in three years.
Govt bond yields rise to 2-month highs (03-04-2024)
Yield on the 10-year benchmark government bond rose 7 basis points to settle at 7.12% on Tuesday, its highest closing level since January 31. Bond prices and yields move inversely.
Get ready to pay more for margin trading (02-04-2024)
Brokers' borrowing costs from NBFCs for margin funding have surged to 10-11% from 8-8.50% earlier. Industry officials ET spoke to attributed the decision to increase loan rates to brokers to two reasons. One is that the Reserve Bank of India nudged NBFCs to do so amid concerns about elevated leverage in the stock market.
For PSB employees, stock may be an option; decision on proposal likely after elections (02-04-2024)
The proposal to offer employee stock ownership plans or ESOPs, has been on the backburner for a while but it may advance after the Lok Sabha polls, said people familiar with the development. “There have been talks with government last month on issues pertaining to PSBs, including ESOPs,” abank executive said, adding that lenders will soon present a framework to the government.
Warburg Pincus frontrunner to buy Shriram Housing Finance (02-04-2024)
Bain Capital is other key contender; binding bids submitted last week. Shriram Housing offers an opportunity for a PE player to benefit from the sharp growth expected in India's affordable housing space, which has gained significant momentum following the post-Covid shift in favour of home ownership
Cement companies set to hike prices from April onwards (02-04-2024)
Cement prices set to rise despite demand slowdown before elections. Analysts warn of margin contraction. Price hikes vary by region, with southern India experiencing substantial increases.