BUSINESS
Crude prices hit $97 a barrel on supply constraints, further shortages likely
As crude prices reach highs not seen in nearly a year, a poll by Moneycontrol highlighted that supply cut concerns from the oil-producing countries will be the most important factor for prices in 2023
BUSINESS
MC Exclusive Poll: Crude oil prices to remain elevated but will not breach $100 per barrel in 2023, say energy experts
According to a poll of 12 experts from brokerages and rating agencies, retail prices of petrol and diesel in India are expected to remain in the current range.
BUSINESS
Crude oil hits fresh 2023 highs with Brent at $94/barrel, experts see further upside
Crude oil started the year at $82 a barrel, dipped to $70 a bbl in June and now stands at a robust $94 per bbl
BUSINESS
Expect a lot of value creation in new-age stocks, says ValueQuest CEO Dharamshi
The CEO also believes that the market uptrend is solidly intact and in the second half of the year, there will be a lot more activity on the IPO front
BUSINESS
Infosys lines up 5.11 lakh equity shares for top-performing employees as reward
The purpose of the schemes is to retain and motivate talented and critical employees; and to increase shareholder value, as a reward for their performance
TRENDS
Aspirational India heading to airport lounges, says DreamFolks CMD
DreamFolks Services', an airport services aggregator, says more travellers are using lounges due to increased awareness and higher credit card penetration. CMD Liberatha Peter Kallat explains why airports in smaller cities are also focusing on expanding lounges.
TRENDS
JioCinema to power IPL 2023 with VR experience, vernacular commentary, fun parks & more
Not only will all matches be streamed on JioCinema free of cost, but the over-the-top streaming platform will also give advertisers additional exposure even after their ad is served.
BUSINESS
Budget 2023: Gati Shakti to boost multi-nodal connectivity, says President Murmu
President Murmu said India has become the third-largest aviation market in the world and is also moving towards becoming the largest electrified railway network globally, during her maiden address to both houses of the Parliament ahead of the Union Budget.
BUSINESS
Pakistan Rupee crashes to 20-year low amid economic crisis
Pakistan’s money exchange companies removed the limit on the dollar-rupee rate effective January 25 onwards and said they will let the local currency drop slowly in the open market.
BUSINESS
Moody's takes positive rating actions on SBI, PNB and two other PSU banks
Outlooks on the long-term ratings of all four banks remain stable.
BUSINESS
Sula Vineyards CEO says wine demand is back; no fight with spirits for shelf space
In the wine tourism business, the company recorded its gross billings amounting to Rs 23 crore in the third quarter, a 13 percent surge over Rs 20.3 crore a year back.
TRENDS
MC Podcast | Indian weddings: Personal affair or planned extravaganza?
In this edition of the Moneycontrol podcast, CNBC TV18's Manisha Gupta decodes the economics behind record number of marriages in India, the country's flourishing wedding industry and the corresponding sectorial commodity trends. Tune in to this conversation for some fun and insightful facts and to know more about Indians’ obsession with lavish weddings
BUSINESS
Advent Intl rejects discovered price for delisting of DFM Foods' shares
The discovered price came in at Rs 525 a share. Advent Intl has now made a counteroffer of Rs 467 a share
BUSINESS
Crude on course to spike by March but may trade below $100 a barrel: MC Poll
Moneycontrol conducted a poll to gauge sentiments towards crude oil prices and how fuel prices in India would, in turn, be impacted.
MARKETS
IGL appoints Sukhmal Kumar Jain as chairman; stock up 7%
Jain has held several leadership positions in retail, LPG and gas verticals of BPCL in his 35 years career tenure
MARKETS
Midhani share gains as Boeing India explores tie-up for aerospace parts
A government of India enterprise, Midhani is a specialised metals and metal alloys manufacturer which makes superalloys, titanium, and special-purpose steel
MARKETS
MC Explains | How oil prices erupted & tumbled to rise again
India is the world's third-largest importer of crude oil and a rise in oil prices increases India's import bill, which leads to further rise in the country’s current account deficit.
MARKETS
Gas prices hiked 40%; experts fear higher prices may hit Centre's subsidy purse
On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.
MARKETS
India's rise in global market cap share to be rapid: Motilal Oswal's Raamdeo Agrawal
While Agrawal remains bullish on IT stocks, he says tech stocks are likely to be highly impacted as investors may still get to see some more market correction in the near term amid the ongoing recession fears globally.
COMPANIES-2
Economy may enter a worldwide recession, says FedEx CEO Raj Subramaniam
The CEO's comment came after FedEx missed estimates on revenue and earnings in its first quarter.
BUSINESS
India witnessing K-shaped recovery, strong demand at the higher end: ITI Long-Short Equity Fund’s Bhatia
“When you look at India, I think when we speak to companies are at a bottom up level, there is extreme bullishness, maybe it's the post COVID reopening confidence that is there which is buoying up demand,” says Bhatia
BUSINESS
IT stocks a must for a high-quality portfolio, says Marcellus’ Mukherjea
“If you don’t have an IT company (in your portfolio), it’s like having a portfolio in the industrial revolution that doesn’t have steam engine technology,” says Mukherjea
BUSINESS
Still cautious on Indian markets in near term as macro risks persist, says Bernstein’s Agarwal
"From here on, we are still more cautious, there are signs of some breather coming to the market if inflation starts coming down significantly, says Agarwal. “There is still some time for that to happen."
BUSINESS
Inflation may dent earnings, look for companies with pricing power: Pramod Gubbi
Auto stocks are in for recovery and if inflation stays entrenched, investors should look at businesses that have extremely high pricing power, he says
