BUSINESS
Fusion Micro rallies 3% on the back of 37% surge in assets under management
Geographical reach of the company expanded by entering 2 new states during FY2022-23, totaling the company's business presence in 20 states. Total number of branches grew 16% YoY at 1,086 branches as on 31st March, 2023 as compared with 934 branches as on 31st March, 2022 as per the filing.
BUSINESS
Star Health rallies in early trade on robust growth in gross direct premiums
The company's gross direct premium in the health-retail segment grew 18 percent, whereas in personal accident claims, the growth was 15 percent, the insurer said in a recent provisional filing for the first quarter of 2023
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Trends in the SGX Nifty indicate a mildly positive start for the broader index on Tuesday with a gain of 14 points after Nifty closed 24 points higher at 17,624 on Monday amid positive trading in the West and in Asian markets
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Trends on the SGX Nifty indicate a flat start for the broader index in India amid a positive tone reigning across markets in the US, Europe and in the Far East. On Monday, the index gains 15 points to 17,695 on the Singaporean Exchange from its April 6 closing of 17,680
BUSINESS
Three indicators which show the US economy may be slowing down
The US added 236,000 jobs in March just beating estimates. Wall street will acknowledge the same report once the markets open.
BUSINESS
Markets have left worst selloff by foreign institutions behind, for now: Experts
NSE data shows the DIIs bought shares worth Rs 83,199 crore in the first quarter of CY 2023. FIIs sold shares worth Rs 50,558 crore in the same period.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The Indian equity benchmarks are expected to open on a sluggish note, as trends in the SGX Nifty indicate a flat start for the broader index with a loss of 35 points after a robust end to the last trading session. SGX futures trade at 17,598 levels.
BUSINESS
M&M Finance jumps 3% on strong disbursements, collection efficiency
Recently, brokerage firm Sharekhan has given a buy rating on the NBFC with a target price of Rs 290. The stock currently trades at Rs 238; the brokerage firm thus indicates a potential upside of 25 percent.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens today
Stock Market Today: Trends in the SGX Nifty indicate a muted start for the broader index in India with a loss of 35 points on Wednesday amid US and European markets ending lower, and Asian peers throwing up mixed trading
BUSINESS
World Bank warns of ‘lost decade’ for global growth due to pandemic, inflation and war
The World Bank identified a number of challenges conspiring to reduce global growth, including weak investment, sluggish productivity growth, restrictive trade measures such as tariffs and the negative effects of the pandemic.
BUSINESS
Peter Schiff of Euro Pacific Capital sees 2008-like financial crisis ahead for global economy
Schiff, who predicted the 2008 crisis, has called for structural reforms that will encourage investment and job-creation and reducing the reliance on debt to fund government spending
BUSINESS
Dhanlaxmi Bank rallies 5% on the back of 23% growth in gold loan book
Dhanlaxmi bank stock has given a return of 21 percent over the last one year. Whereas it has underperformed Nifty over the last 5 years by giving a return of -35.5 percent. Since the beginning of the year the stock has given a return of -24 percent.
BUSINESS
CSB Bank rallies 3.5% as deposits grow 20 percent
CSB Bank has a market capitalization of Rs 4404 crores. The stock has given a return of 13% over the last one month. Over the last one year the stock has given a return of 19.96% apart from the same the stock has underperformed Nifty on a 5-year basis by giving a return of -7.69% over the last 5 years.
BUSINESS
Top 10 things to know before the market opens today
Trends in the SGX Nifty indicate a positive start for the broader index in India with a gain of 35 points on Monday on the back of upbeat trading in Asian and Western markets
BUSINESS
Bandhan Bank rallies 3.5% in early trade after hitting 3 year lows
Recently, Bandhan Bank shares hit three year lows and has given a negative 7.54 percent return over the last one week. The stock touched a 3-year low of Rs 185.45 on Tuesday due to volume based heavy selling.
BUSINESS
Top 10 things to know before the market opens today
The Indian equity benchmarks are expected to open flat today, as trends in SGX Nifty indicate a muted start for the broader index.
BUSINESS
Fed's 2023 GDP projections point to imminent recession: Jeremy Siegel
Jeremy Siegel suggests that the US economy is headed for a recession, with negative job growth predicted for the next nine months and an increase in the unemployment rate to 4.6 percent
BUSINESS
Bernstein's Venugopal Garre: Nifty might correct till 16000 levels and then recover by the end of this year
Bernstein's, Managing Director, Venugopal Garre's shared his views on the current state of financial markets and how he sees the global economy perform over the medium term in a conversation with CNBC TV18.
BUSINESS
Pump & Dump case: Tribunal partly allows Arshad Warsi's appeal against Sebi ban
Participants in the pump-and-dump scheme can now appeal to the Supreme Court.
BUSINESS
Banking turmoil could reduce US government revenue, affect debt ceiling
The United States hit its $31.6 trillion debt limit in January, and lawmakers have been deadlocked on raising it. The Treasury Department has been using "extraordinary measures" to continue servicing US debt payments, but those measures are expected to run out sometime this summer. This means that a divided Congress must pass legislation that sets a higher debt limit, or face a catastrophic default.
BUSINESS
Transparency and disclosure key to addressing risks to global financial stability, says IMF report
The report also highlighted that the global economic recovery has been uneven, with some countries and sectors recovering faster than others. This uneven recovery has led to growing economic imbalances and vulnerabilities, which could increase the risks of financial instability.
BUSINESS
More than 900 members of American Chamber of Commerce in China no longer regard China as a top-three investment priority
The percentage of companies which see the “uncertainty of bilateral relations” as their leading challenge in China has risen to 66 percent. At the same time, the number of companies which think that China has become less welcoming to foreign companies has grown to 49 percent, the survey found.
BUSINESS
Warren Buffett's 5 eternal rules to weather a recession: A guide for investors in 2023
Recent data on the global economy, inflation and impending recession supports Warren Buffett's eternal words of investing wisdom.
BUSINESS
Following close to $100 billion in deposit withdrawals, Jerome Powell reassures US banking system is safe
While the recent withdrawals from banks in the United States may have caused concern, experts agree that they do not indicate a larger problem in the banking system
