Posts in category Economic Times
Oil prices edge higher as supply risks mount (28-06-2024)
Oil prices responded to geopolitical tensions and supply disruptions, with concerns over fuel demand dynamics. The market saw gains in Brent and WTI futures amidst heightened uncertainties, while attention remained on the impact of geopolitical conflicts on oil supply. Anticipation of increased gasoline consumption over the July 4th weekend offered some relief amid persisting demand challenges.
Wall Street closes subdued as investors sit, wait for inflation data (28-06-2024)
Tech stocks like Amazon surged as market volatility persisted. Atlanta Fed President hinted at rate cuts amidst narrowing inflation. Micron's revenue forecast met mixed reactions, reflecting ongoing market uncertainty.
US IPOs off to their best start in a while (28-06-2024)
Wall Street's equity capital markets see a resurgence with IPOs and equity offerings surpassing $20 billion in the first half of 2024, marking the strongest start since 2021. Enhanced investor engagement and favorable market conditions signal a potential bounce-back year, encouraging companies like Lineage to pursue significant listings amid balanced valuation discussions.
Fairfax sells 9.72% in CSB Bank for Rs 595 crore (28-06-2024)
Prem Watsa's Fairfax Group divests 9.72% stake in CSB Bank, raising Rs 595 crore through block deals. Key buyers include Amansa Holding and institutional investors like ICICI Prudential MF and Abu Dhabi Investment Authority, reducing Fairfax's stake to 40% from 49.72%
Allied Blenders IPO Subscribed 23.55 Times (28-06-2024)
Allied Blenders and Distillers, India's third-largest domestic IMFL company, concludes its 1,500-crore IPO with overwhelming demand, oversubscribed 23.55 times. The offering, featuring a price band of 267-281 apiece, saw robust interest across all investor categories, reflecting confidence in its diverse portfolio of whisky, brandy, rum, vodka, and gin.
Wait for earnings and Budget to identify attractive sectors for investment: Deepak Shenoy (28-06-2024)
These companies are quite cyclical, moving between downturns and upturns. Recently, there has been an upturn for Muthoot and Manappuram, partly because IIFL, a major player in the gold financing space, faced some RBI action leading to a slowdown in its gold lending portfolio.
Q1 performance for PVR to be quite muted for FY25: Karan Taurani (28-06-2024)
I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative.