INTERVIEW
Gold will become cool, when cryptocurrencies become uncool: Nikhil Kamath
Kamath’s vote of confidence for gold as an inflation hedge runs against the current trend where global institutional and retail investors have been buying Bitcoin to protect themselves against runaway inflation.
EARNINGS
IndusInd Bank Q3 preview | PAT to rise 54% YoY but MFI business may struggle
The rise in net profit of the Mumbai-based bank may come despite fears of higher slippages in the microfinance lending book amid whistleblower complaints against the lender of evergreening loans at its MFI subsidiary.
MARKETS
New-age tech stocks are bleeding, Nikhil Kamath will still not buy them
The selling in these stocks has been triggered by fears of higher interest rates reducing their net present value and in some cases like Paytm, doubts over their business model
MARKETS
Union Budget 2022: A Stock trader's guide to what may happen today
Capital expenditure will likely remain the focus of the hour given the government’s reluctance to blow the coffers to provide direct support to consumers, who have been hit hard by the vagaries of the pandemic.
MARKETS
Budget 2022: FIIs & Retail investors are in a tug-of-war over D-Street’s fate
The pessimism of FPIs is also visible in their position in the options contracts of the Nifty 50 index
MARKETS
Bharti Airtel surges then pares gains as Google to buy $700 million stake
Besides the near $700-million stake purchase, Google will also invest up to $300 million towards implementing various commercial agreements which will include investments in scaling Airtel’s offerings
EARNINGS
L&T Q3 Preview | Consolidated PAT to decline over 3% despite 11.5% rise in sales
The company is likely to report an 11.5 percent year-on-year growth in consolidated revenues to Rs 39,687 crore for the December quarter
EARNINGS
Kotak Bank Q3 Preview | Net profit may rise 12%, loan growth 16%
Morgan Stanley India expects Kotak Bank to report a loan growth of 16 percent in the December quarter due to pick-up in business activity
MARKETS
FII holding in Nifty 500 stocks sinks to 6-quarter low amid sell-off
The decline came amid concerns over rich valuations of Indian equities relative to other global markets
BUSINESS
Crash in new-age tech IPO stocks sours sentiment in unlisted market
Dealers point to sharp decline in trade volumes and investor interest to buy shares of companies that are on the verge of bringing out their IPO
MARKETS
Dodging Bullets | Stocks investors should avoid as volatility rules Dalal Street
Many of the new-age technology startups listed on the exchanges could be easily be categorised under the folder of 'narrative' instead of 'substance'. These are valued on the basis of price-to-sales since they have no reported profits
INTERVIEW
Lauren Templeton suggests rookie investors to remain prepared for a bear market
'It's nothing I haven't seen before. History has a tendency to not exactly repeat itself, but it rhymes. This market to me is very analogous to the ‘dot com’ market of 2000'
MARKETS
Nifty extends losing streak to longest in 12 months. What’s driving the sell-off?
The benchmark indices have fallen more than 8 percent in the six sessions as risk aversion gripped investors amid signs of global central banks withdrawing their pandemic-era support
INTERVIEW
India still the 'eighth wonder' for investors, says Lauren Templeton
I do think during COVID there was maximum pessimism surrounding the Indian economy and it provided an attractive entry point, said Lauren Templeton of Templeton & Phillips Capital Management
EARNINGS
Axis Bank Q3 | Net profit zooms 224% to Rs 3,614 crore, NII rises 17%
The profit was sharply above analysts' expectations of Rs 3,046 crore.
BUSINESS
Retail investors nurse wounds of new-age tech stocks sell-off with memes
EARNINGS
Axis Bank Q3 result preview: Profit may rise 3-fold as bad loan provisions slump
The private bank’s focus on secured retail segments, better-rated companies and its tech-driven transformation initiative for micro, medium and small enterprises should aid in overall loan growth.
MARKETS
Bloodbath in Zomato, PolicyBazaar’s stocks paint Info Edge in deep shade of red
Info Edge holds a 15.23 percent stake in Zomato, which at the peak of the latter’s stock price was valued at Rs 20,190 crore. However, the value of the stake has plummeted to Rs 11,032 crore in three months as Zomato’s shares fell 45 percent from the top.
BUSINESS
HDFC Life Q3 results | Net profit rises 3.3% YoY to Rs 273.7 crore
The life insurer's net premium income rose 27.8 percent on-year to Rs 12,124 crore in the reported quarter.
MARKETS
Market correction leaves investors poorer by Rs 8 lakh crore in 4 days. What’s driving D-Street down?
The losses in the Indian markets are mirroring the fall in the US equity markets, which have fallen for five consecutive sessions till Thursday
MARKETS
'Good luck! We’ll all need it', Permabear Grantham warns of a $35-trillion ‘superbubble’ burst
In addition to the equity and real estate bubbles, Grantham also flagged “crazy” investor behaviour in the US stock market. Holding the Federal Reserve responsible, he says record low rates and humungous liquidity incentivised greater risk-taking
EARNINGS
JSW Steel Q3 preview | Consolidated PAT to soar 113% YoY on higher realisations
Analysts expect the company’s consolidated operating margin to expand 70-427 basis points on-year to 27.8-31.5 percent in the third quarter ended December 31.
BUSINESS
HUL chief sees rural India in slowdown mode, calls for government support
HUL chief Sanjiv Mehta suggested that the government should not only continue the current outlay on the Mahatma Gandhi National Rural Employment Guarantee Scheme, which provides guaranteed 100 days of employment in rural areas but perhaps look at increasing it.
BUSINESS
HUL Q3 results | Net profit rises 16.8% YoY to Rs 2,243 crore, in line with estimates
The soap-to-shampoo maker saw its revenue from operations grow 10.4 percent on-year to Rs 13,092 crore for the reported quarter, which was slightly above Street's estimate of Rs 12,995 crore.
