Posts in category Economic Times
AI-Vistara merger gets NCLT nod (07-06-2024)
NCLT approves Air India and Vistara merger, creating India's largest international carrier by year-end. Merger to connect five continents, streamline operations, and integrate workforce and fleet deployments.
Dollar hovers near 8-week low as payrolls test looms (07-06-2024)
The U.S. dollar index remained stable near 104.13, hinting at a potential 0.5% decline for the week due to expectations of Fed rate cuts. Traders anticipate a softer non-farm payrolls report, possibly below the 185,000 forecast.
Active ETF Offerings may Surpass Passive Ones in 3-5 Years (07-06-2024)
Actively run exchange-traded funds are poised for a record-breaking $260 billion haul this year, driven by investors turning to alternative strategies beyond traditional benchmarks. State Street predicts a significant increase in flows into active ETFs compared to last year.
Tencent sells Rs 415.7-cr PB Fintech shares (07-06-2024)
Tencent Cloud Europe BV divested ₹415.7 crore worth of PB Fintech shares in a bulk transaction on the NSE, selling 33 lakh shares at ₹1,259.7 each.
Tencent sells Rs 415.7-cr PB Fintech shares (07-06-2024)
Tencent Cloud Europe BV divested ₹415.7 crore worth of PB Fintech shares in a bulk transaction on the NSE, selling 33 lakh shares at ₹1,259.7 each.
FPIs dump auto, FMCG and power stocks in second half of May (07-06-2024)
In late May, foreign investors drove a surge in automobile sector sales, offloading shares worth ₹3,323 crore, while also divesting ₹13,350 crore across multiple sectors. The NSDL data highlights a stark shift from earlier in the month, with inflows of ₹1,119 crore in April and ₹29,389 crore in CY 2023, underscoring a dynamic market landscape.
FPIs dump auto, FMCG and power stocks in second half of May (07-06-2024)
In late May, foreign investors drove a surge in automobile sector sales, offloading shares worth ₹3,323 crore, while also divesting ₹13,350 crore across multiple sectors. The NSDL data highlights a stark shift from earlier in the month, with inflows of ₹1,119 crore in April and ₹29,389 crore in CY 2023, underscoring a dynamic market landscape.
If not equity, corp FDs offer 1-1.5% over debt MFs and banks (07-06-2024)
Corporate deposits with higher credit ratings are recommended for investors looking to reduce exposure to equities. Top finance companies like Bajaj Finance and Shriram Finance offer higher returns than bank deposits and debt mutual funds, providing a safer investment option, according to wealth advisors.