BUSINESS
Investors have to brace for more downside in near term: BNP Paribas’ Manishi Raychaudhuri
Manishi Raychaudhuri feels that the market could go as much as 15-20 percent lower based on earnings downgrade
BUSINESS
Explainer | SPAC back in focus — All you need to know
The sole aim of a SPAC is to raise capital via an IPO to acquire a private business at a later date and then take it public without going through the traditional route of IPOs. There has been increasing demand that SPACs should be allowed in India as well. We take a look at the what, how and when
BUSINESS
Worst of supply constraints behind us, expect strong growth, says M&M's Rajesh Jejurikar
In its results today, M&M said it has recorded the highest ever standalone revenue for auto and farm segments at Rs 55,300 crore for FY22 — up by 29 percent
BUSINESS
ONGC slumps 9%, BPCL 5% on reports of windfall tax plans
Oil stocks moved lower amid reports that the government could seek to capitalise on global windfalls boosting oil and gas revenues to offset inflation and burgeoning subsidies
BUSINESS
Ray Dalio’s Power Score Index: US, China on top, India at 7
The inaugural edition of billionaire investor Ray Dalio’s Country Power Score Index lists the top 24 countries based on the aggregate of a range of parameters. This report highlights the factors analysed and the outcomes predicted for countries
WORLD
Chances of US recession not really strong but stagflation stalks
The current food security crisis, oil price fluctuations and precarious market positions amid the Russia-Ukraine war and China’s sustained lockdown are ringing warning bells
INDIA
MC Exclusive | Growth forecast range reasonable despite monetary tightening, says CEA Nageswaran
The question of whether monetary tightening will set back the recovery or not will have to be evaluated empirically based on the evolution of the economy, CEA Nageswaran has said
BUSINESS
This is time to do homework and make money in the next couple of years: Adrian Mowat
Nathan Sheets talks about macro fears and their impact on the US Federal Reserve policy and the markets
BUSINESS
Bitcoin on a tumble, cryptocurrency down 28 percent over the year
As per analysts and watchers, the Russia-Ukraine war and changing economic policies impacted the cryptocurrency market as investors flee to more stable havens
BUSINESS
IndiGo names Venkataramani Sumantran as new chairman as airline gears up for overseas expansion
Venkataramani Sumantran has been an independent non-executive director since May 28, 2020 and succeeded M Damodaran as chairman on May 3
BUSINESS
Nitin Gadkari: Alternate energy space can create 50-60 lakh jobs
Nitin Gadkari added that the government is committed to the environment, and that managing the cost of power is key to making green hydrogen viable for India.
INDIA
CNG prices hiked in Delhi NCR, check new rates effective from today
This is the seventh such hike in CNG prices after five consecutive increases in March this year and the last hike on April 1. Check prices here
BUSINESS
Crypto fund for Ukraine: How cryptocurrencies are funding Ukraine’s fight against Russia
Just four days after its calls for donations began, Ukraine’s official wallets attracted over $10.2 million (9.2 million euros). Since then, close to $100 million in cryptocurrency has been raised
BUSINESS
Have to wait till mid-April to see impact of crypto tax, says WazirX’s Nischal Shetty
After a slow January-February, March was surprisingly buoyant for crypto in India and globally, WazirX CEO Nischal Shetty says
BUSINESS
Indian Hotels Company to launch Rs 2,000-core QIP, issue floor price set at Rs 203.48
Sources said ICICI Securities and Credit Suisse have been roped in to help the Tata Group backed hotel chain raise funds from a clutch of local and global institutional investors
BUSINESS
February crude oil production at 2272.26 TMT, 5.60% lower than target
Crude oil production failed to meet target while also lower in terms of year-on-year (YoY) data for the period; while natural gas production was higher in YoY terms, but still lower than the monthly target
BUSINESS
US commodity crisis to give rise to new world order, says Credit Suisse’s Zoltan Pozsar: Key takeaways
Credit Suisse short-term rate strategist Zoltan Pozsar also said the new order would weaken the US dollar and create higher inflation in the western world.
WORLD
Explained | What does US ban on Russian oil means for global economy?
The US has banned Russian oil and with the UK and EU also planning to slash energy imports from Russia, we look at the immediate impact and possible fallout of these unprecedented decisions
BUSINESS
Russia-Ukraine War: Russia faces barrage of sanctions – an overview
The global sanctions on Russia have been unprecedentedly united – with even historically neutral countries Finland, Sweden and Switzerland declaring support to Ukraine
BUSINESS
Russia-Ukraine Crisis | Explained: What is Russia’s controversial Nord Stream 2?
Russian state-run gas giant Gazprom has said the Nord Stream 2 pipeline will complement existing pipelines running through Belarus and Ukraine and help meet Europe’s increasing demand for affordable natural gas even as critics accuse Moscow of using gas as a bargaining chip
BUSINESS
Russia-Ukraine crisis: Cryptocurrencies plunge from impact, Bitcoin in red
Bitcoin's price is currently down 4.35%, while Ethereum slipped 4.81 percent. Cardano and XRP, which tanked 11.31% and 11.16%, respectively, are the biggest losers.
BUSINESS
India FMCG market grows 10% in January: Report
According to Bizom, which tracks data from 7.5 million stores in India, commodity products grew 43 percent and packaged foods grew 38 percent, while sale of home and personal care products declined
BUSINESS
Supply shortage rather than surplus demand is driving inflation, finds BlackRock report
The BlackRock report states that the “new era” of supply driven inflation has been ushered due to shutdowns amid the COVID-19 pandemic and the restart that followed, and this trend will “likely bring more macro volatility and force policymakers to live with higher inflation”
BUSINESS
SEBI says its Charter is empowering investors, shares initiatives to promote transparency in markets
The regulator has developed separate Investor Charters for investor-related activities of various intermediaries in consultation with the respective entities, which are published on their websites
