BUSINESS
Nifty Smallcap 100 index down 4%, extends monthly fall to worst since March 2020
The week gone by had seen the mid and smallcap indices post their third weekly fall as foreign selling has continued unabated, and souring sentiment for the space.
BUSINESS
When Manmohan Singh staked his chair for the Indo-US nuclear deal, and raised the relation from 'hesitations of history'
Manmohan Singh's first term as Prime Minister will be remembered for his uncompromising commitment to secure the Indo-US nuclear deal, and how he chose to put national interest above coalition politics.
BUSINESS
MapmyIndia's new venture raises governance concerns: Explaining the Mappls mess
Investors are asking also why Rohan Verma chose not to helm the new consumer-facing business within CE Info Systems, and instead chose to float a separate company.
BUSINESS
Trump's 60% China tariff unlikely, Beijing may want to negotiate for chip access: Chris Wood
India's ongoing market correction is 'healthy', said Chris Wood, and the foreign outflow also implies that the FIIs have the ability to buy into India after a sharp fall.
BUSINESS
Ace market veterans share best lessons, top market themes with investors
At the CNBC-TV18 Global Leadership Summit, Ashishkumar Chauhan, Raamdeo Agrawal, Ramesh Damani and Manish Chokhani shared their lessons with investors, and resoundingly echoed the huge potential of the India story.
BUSINESS
Uday Kotak asks if India can weather the 'global shock' of a bigger FPI selloff?
The October FPI selloff had led to Nifty's worst monthly fall since the pandemic. Uday Kotak said his larger point was if the stock markets are resilient enough to face such a shock, and that the country must get competitive on global trade.
BUSINESS
Shaktikanta Das spots five global divergences as world battles 'unprecedented shocks'
To counter challenges post the pandemic, the world saw 'synchronous tightening' in response to shocks, Governor said. While these steps have ensured a global economic soft landing, but the risk of inflation is coming back, he added.
BUSINESS
Nifty below 23,600 as stocks sell off on earnings, valuation overhang: Key factors
Valuation concerns and earnings downgrades have continued to weigh on investor sentiment on November 13, with markets further weighed down by a negative inflation reading.
BUSINESS
Equitas SFB sees MFI stress for another two quarters after higher provisions dent profit
The worsening of the lender's MFI portfolio meant the first half of the year was 'turbulent' at an industry level, PN Vasudevan, MD, Equitas SFB said.
BUSINESS
An extended wedding season is coming up, promising Rs 6 trillion extravaganza
This fiscal, H2FY25 will see 41 wedding days whereas last fiscal, the second half saw 30 dates, promising an extended period of celebration, and with it, an extended opportunity to boost economic activity.
BUSINESS
ITI, Sterlite Tech bag L1 status for BharatNet orders, reviving interest in shares of optic fibre plays
Companies in the business of optic fibre service are betting on a rising demand, Sterlite Tech has said, helped by a declining inventory with customers and rising government spending on connectivity projects.
BUSINESS
America all set for Trump 2.0, here's why the US smallcap index is on fire
US stock traders are anticipating that smallcap shares may benefit from lower taxes and tariff barriers under a Trump 2.0 administration.
BUSINESS
Bernstein fears Street not pricing in earnings miss, sees Nifty down to 23,500 by December
Bernstein said it expects a 'further but limited moderation' in Nifty from present levels to around 23,500 — which is also its year-end target for the index.
BUSINESS
ABB India sees demand from data centres, order visibility for next 3-4 quarters
ABB India maintained a positive outlook on the state of the Indian industry and acknowledges that it is seeing participation of private capex along with public sector capex in the economy.
BUSINESS
Royal Enfield unveils Flying Flea, a 250-750cc electric bike for urban mobility
The category will have the classic-styled Flying Flea C6 and a scrambler-styled Flying Flea S6 - both loaded with connectivity features, Royal Enfield said.
BUSINESS
Royal Enfield set to go electric with new launch on November 4, teaser reminds of a World War-era airdropped model
Royal Enfield's website says this new category of electric two-wheelers from Royal Enfield answers the call for "urban mobility offering a sophisticated, nimble and connected experience."
BUSINESS
Gold's global demand exceeded $100 billion for the first time in September quarter
The soaring demand is reflecting in the gold price as well, which has hit a fresh high of over $2,775 an ounce, rising by over 33% so far this year.
BUSINESS
China's rich list shrinks as economy battles challenges, AI adding new money at rapid pace, shows Hurun report
The traditionally dominant sectors that created wealth such as real estate has started to give way to tech, new energy, consumer electronics, e-commerce, consumer products and healthcare, the report showed.
BUSINESS
Maruti Suzuki saw double-digit festive sales growth but demand is a worry
Maruti Suzuki said it has been calibrating production to reduce dealer inventory, which had reached well over 30 days, and the measures will start showing results from the end of this month.
BUSINESS
Sterling and Wilson hits 5% upper circuit for a second day on order inflow growth, revenue guidance
The company has guided for FY25 revenue to be Rs 8,000 crore, of which Rs 2,000 crore has been achieved has in the first half. The management said it is confident of meeting the remaining Rs 6,000 crore target for the financial year.
BUSINESS
How TD Bank - Canada's second largest lender - failed to check money laundering in America
Canada's major lender had failed to check on illicit financing, and had even allowed transfer of drug proceeds to Coloumbia.
BUSINESS
Net inflow into China equity funds surging after PBoC action, shows EPFR data
The MSCI China Index is up more than 30% from recent lows after China's recent measures to revive growth, helped by low valuations.
BUSINESS
ENTOD Pharma appeals to DCGI over suspension, says PresVu eye drops do not replace reading glasses
ENTOD Pharma met Drug Controller General of India (DCGI) officials earlier this week, and informed the regulator that PresVu eye drops were not intended to replace reading glasses, or non-invasive options, for presbyopia.
BUSINESS
Donald Trump, Kamala Harris slice the Fed cut to score points ahead of November election
The Federal Reserve’s rate cut echoed in the 2024 presidential campaign as well, with Democrat Kamala Harris praising the move while Republican Donald Trump implying the move may have been politically driven.
