Optimism over India’s economic situation, employment and income for next one year has improved sharply, Reserve Bank of India (RBI)’s consumer confidence survey showed. Future expectations index rose by 1.3 points to its two-year high of 116.2 points in January 2023. The current situation index also rose 1.3 points to 84.8 points. RBI’s survey obtains […]
By Rahul Shah Bulls return to the party after a long time, with an all-round performance of stocks across sectors. Domestic equity markets overcame the downbeat mood and logged gains of over 4 per cent for the week ended July 22 with Sensex closing above 56000 psychological level and Nifty above 16700 marks. There was […]
An increasing number of people are changing their citizenship and settling in foreign countries. Many nations run different programs to lure foreigners to settle in their country by not only offering lucrative investment opportunities but also citizenship and other tax-related benefits. Golden Visa and Golden Passport are the two immigration routes preferred by those looking […]
The Securities and Exchange Board of India issued an interim ex parte order on Thursday against five suspected entities for front-running the trades of Life Insurance Corporation of India and asked the latter to take steps to prevent and detect unfair trade activities. Yogesh Garg worked in the investment department of LIC through which trades […]
Infosys’ Q4FY23 results fell short of estimates due to a 3.2%q-o-q cc (constant currency) decline in revenues, mainly caused by unplanned project rampdowns in BFSI, Communications, and Hitech verticals in North America. These rampdowns affected utilisation, which ultimately reduced margins by 50bps q-o-q. Additionally, the large deal TCV at $2.1 bn was lower than expected, […]
By Parijat Garg. Adam Smith famously said – “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest.” What was left unsaid was that the baker makes money because society at large is willing to pay for bread. […]
Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty and BSE Sensex may remain volatile on Friday amid mixed global cues. The Nifty futures on the Singapore Exchange (SGX) were trading 31 points or 0.17% lower at 18,253.5 in today’s early morning trade. Asian markets were trading in green – Hong Kong’s Hang Seng […]
Foreign institutional investors (FII) sold shares worth a net Rs 867.65 crore while domestic institutional investors (DII) purchased shares worth a net Rs 621.81 crore on Tuesday, December 27, 2022, according to the data available on NSE. For the month till December 27, FII sold shares worth a net Rs 9,834.83 crore while DII bought […]
One of the main concerns investors have had with Bharti is its lack of free cash flow (FCF) generation, which has limited its ability to create value for shareholders. In this note, we explain the reasons behind Bharti’s historical lack of FCF generation, including factors such as intense competition, high costs of building its spectrum […]
Avalon Technologies IPO opened for subscription on 3 April and the issue has been booked 0.03 times on day 1, with total bids of 3,68,050 shares. Qualified institutional buyers (QIBs) subscribed for none of their reserved portion. Retail investors bid 0.16 times of the shares reserved for RIIs. The NII portion garnered 1% bids so […]
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