Latest Updates Around The World
According to Pramod Amthe, Head of Institutional Equity Research at InCred Capital, Indian equity markets are poised for a strong uptrend in the coming year as government measures and improving liquidity strengthen fundamentals. Amthe said the brokerage upgraded its market stance from ‘neutral’ to ‘overweight’ in early October after 18 months, citing improving macro indicators […]
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF), managed by SBI Mutual Fund, have invested Rs 100 crore in eyewear retailer Lenskart Solutions Limited through a pre-IPO transaction at a transfer price of Rs 402 per equity share. The investment comes in advance of Lenskart’s IPO, which is scheduled for Friday, October 31, […]
In an exclusive conversation with ET NowDhananjay Sinha of Systematix Group shared his perspective on the ongoing market trends, particularly focusing on PSU banks and the metals sector. With Nifty under mild pressure, the spotlight is on public sector banks, which have driven the market’s recent revival. When asked about his views on PSU banks […]
The rupee traded within a narrow range against the US dollar in early trade on Wednesday after support from positive domestic equities was offset by month-end dollar demand. Forex traders said the major factors affecting the rupee are geopolitical developments. Moreover, the Reserve Bank of India has also intervened on both the buying and selling […]
In this edition of ETMarkets Smart Talk, Aditya Sood, fund manager at InCred Asset Management, shares his optimistic view on India’s evolving market landscape. Speaking to ETMarkets’ Kshitij Anand, Sood said he believes the next step in wealth creation will be led by financial and domestic manufacturing themes, supported by strong balance sheets, government-led capital […]
Gold prices rose on Wednesday as bargain hunters intervened after the precious metal fell to its lowest level in three weeks in the previous session, with investors now awaiting the Federal Reserve’s interest rate decision later in the day. RAW MATERIALS * Spot gold rose 0.7% to $3,977.49 an ounce as of 0114 GMT, after […]
The U.S. dollar hovered near one-week lows against major peers on Wednesday, ahead of a widely expected Federal Reserve interest rate cut later in the day. The dollar lost further ground against the Japanese yen after US Treasury Secretary Scott Bessent indicated the new Japanese government is open to interest rate hikes by the Bank […]
New Delhi: ReNew Energy Global Plc said on Tuesday it has agreed in principle to an offer of $8.15 per share in cash from a consortium of four major shareholders seeking to acquire all outstanding shares they do not already own. The buyout would allow the consortium to delist the company from the Nasdaq, where […]
Orkla India, the parent company of MTR Foods maker, has raised Rs 500 crore from major anchor investors ahead of its IPO. The shares were issued to domestic and foreign investors at Rs 730, the highest price band of the public offer. The issue opens on Wednesday and closes on Friday. Prominent investors who have […]
