BUSINESS
Not a happy new year: IT stocks off to worst start in 14 years, is it time to buy?
The Nifty IT has fallen more than 11 percent in 2022, as investors turn pessimistic over the sustainability of the sector’s rich valuations amid the possibility of a sharp increase in interest rates at home and abroad
BUSINESS
Bharti Airtel Q3 preview | Consolidated PAT to jump 39% QoQ, ARPU to rise 5-10%
The key focus areas of the results will be subscriber behaviour after the recent tariff hikes and timing of the next hike, Jefferies has said
BUSINESS
Nifty turns negative for 2022; here’s what is ailing sentiment on D-Street
The Nifty 50 index was down 228 points, or 1.3 percent, at 17,301.7, while the BSE-Sensex was at 57,988, down 1.1 percent or 656.8 points
BUSINESS
ONGC rises 12% in one month as global crude oil prices rally
Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up
BUSINESS
David trumps Goliath as retail investors flex $19-billion buying power
In 2021, retail investors were net buyers of stocks worth $19 billion in the cash market, while institutional investors were net sellers of stocks worth $7 billion, NSE data shows
IPO
LIC IPO: Market cap of India’s biggest insurer likely to hit $293 billion after listing
At such a level, based on the current valuation multiples of listed life cover players in India, LIC will become the second-largest listed insurance provider and the largest life insurer globally
BUSINESS
Titan Q3 Results | Net profit zooms 136% on-year to Rs 987 crore, beats estimate
The consumer discretionary company reported a 30.6 percent on-year growth in revenue from operations to Rs 9,515 crore
BUSINESS
Market Today | Stocks snap three-day winning run tracking losses in US futures
The Nifty 50 index was down 97 points, or 0.5 percent, at 17,683 points, while the BSE-Sensex was at 59,202, down 0.6 percent or 356.3 points.
BUSINESS
Titan Q3 preview | Net profit set to double on record wedding season
The consumer discretionary company’s revenues are likely to grow 35 percent on-year growth to Rs 9,337 crore for the reported quarter, according to Moneycontrol poll
BUSINESS
Budget 2022 | FM assures that LIC public issue will be floated in FY2022
On February 1, Department of Investment and Public Asset Management Secretary Tuhin Kanta had stated that the life insurer was likely to file draft IPO papers within two weeks.
BUSINESS
Vodafone Idea surges over 6% on hope of govt grabbing smaller-than-expected slice of telco
The company could see a lower dilution in total shareholding after conversion of interest on deferred spectrum instalments and adjusted gross revenue (AGR) dues to the government
BUSINESS
Investors Shankar Sharma, Safir Anand hot on sunrise sectors after budget's low-carbon push
Shankar Sharma, vice-chairman and joint managing director at First Global, and renowned investor Safir Anand see the Budget as creating great opportunities for investors in sunrise sectors.
BUSINESS
HDFC Q3 preview | Net profit expected to fall 14% on higher base, lower dividend income
The country’s largest housing finance company is expected to report a 2.6 percent on-year growth in NII to Rs 4,107 crore likely because of the lacklustre performance of the non-individual loan segments, say analysts
BUSINESS
Brokerages say Budget 2022 good for growth, bad for equity valuations
The impact of that slower fiscal consolidation is likely to be felt on the valuations of the equity market, which are still significantly higher than their long-term average, say experts
BUSINESS
Budget 2022 | Equities have their day in the sun as dark clouds circle
Indian equities have seen some compression in their valuations in the past three months thanks to a global shift towards higher interest rates given the faster-than-expected recovery in the global economy from the dark days of 2020.
BUSINESS
Budget 2022 is remarkable, bold, pro-growth: D-Street mavericks react
Budget 2022: Let’s take a look at how various stalwarts of Dalal Street reacted to the fourth Budget of the finance minister.
BUSINESS
Budget 2022 | Realism over FY23 divestment aim leaves questions over LIC IPO proceeds
The budget document showed that the government aims to collect Rs 65,000 crore from disinvestment in state-owned companies in 2022-23, a far cry from the Rs 1.75 lakh crore set out for 2021-22
MARKETS
Budget 2022 | Government projects PSU dividend receipts at Rs 40,000 crore for FY23
Budget 2022 | In 2021-22, the Budget had pegged receipts from dividends of CPSEs at Rs 50,027 crore. The government is expected to collect more than the budgeted amount because of a surge in profits of several CPSEs.
BUSINESS
Tech Mahindra Q3 preview | M&A deals, strong demand to boost sales by 2.3% QoQ
The Pune-based company may report a 4.4 percent sequential growth in consolidated net profit to Rs 1,397.5 crore, say analysts
IPO
Economic Survey 2022: Fundraising from IPOs hit decade high in first eight months of FY22
The survey noted that 75 companies raised Rs 89,066 crore from the primary market through initial public offerings in April-November as against Rs 14,733 crore in the same period in 2020.
MARKETS
Sensex rises almost 1,000 points on short-covering ahead of Budget
The market clocked gains despite the government suggesting a moderation of economic growth in 2022-23 to 8.0-8.5 percent from 9.2 percent expected in 2021-22
IPO
AGS Transact fails to impress on listing day; what should investors do?
Analysts recommend that investors book profits on any gains post listing
MARKETS
Kotak Bank seen as quality bet to play credit growth recovery in economy
Kotak Mahindra Bank reported a better-than-expected net profit of Rs 2,131 crore for the quarter-ended December 2021 and a net interest margin of 4.6 percent
MARKETS
Info Edge soars 7% on strong Q3 earnings, upbeat views of management
The recruitment solutions business reported an 80 percent on-year jump in billings to Rs 375 crore of which Rs 308 crore came from Naukri.com alone
