What does D-Street want from Budget 2024? Siddhartha Khemka answers; shares top picks
With the Union Budget scheduled on July 23, 2024, we expect it to be growth-oriented with focus on manufacturing, capex and infrastructure creation. The mandate of the BJP in NDA-II (starting FY25) is much stronger than during NDA-I. This was quite visible in the Cabinet allocation, wherein the BJP retained most of the high-profile departments…
READ MORE
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On…
READ MORE
Kitchenette design vs kitchens: Which one should you opt for?
Deciding between a kitchenette and a full kitchen depends on how much space you have and what you need. A kitchenette is small and efficient, good for places like apartments or guest rooms where you want to save space but still have what you need to cook. A full kitchen is bigger and gives you…
READ MORE
upside potential: Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 44%
Synopsis It is on days like Friday where bears just send a reminder that while bulls are in control of the market, even they would come once in a while on the street. Coming week, the move of the market would be decided by what comes in the budget. When we say come, not only…
READ MORE
PFC, MRF among 82 stocks to announce record dates for dividend, stock split this week. Do you own any?
MRF, PFC and United Breweries are among a host of other companies that are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend declaration, bonus issues and stock split.The record date is set by the company to select shareholders who are eligible to receive the…
READ MOREOver 65% office buildings are green-certified in India
Over 65% of Grade A office space across India’s top 7 cities is green-certified, highlighting India’s growing commitment to sustainable construction, according to consultancy firm Vestian. The real estate sector is the 2nd largest employer in India, accounting for 39% of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is…
READ MORE
Understanding the Budget: A step-by-step guide for investors
Last week, I wrote about my expectations of the Union Budget. This time, I want to talk about how to understand the Budget in a very simple way. A country’s Budget is nothing but the plan of how it will meet the expenses and arrange means to achieve them via income sources. A Budget is…
READ MORE
We see the Budget as being neutral for the Rupee: Abhishek Goenka
The US economic surprises are now the most negative since 2015. Month-on-month CPI print at -0.1% is the lowest in four years. Fed members have been reiterating that they want to be more confident about inflation reaching the 2% target and the latest June inflation print should help in that regard. Deceleration in sequential core…
READ MORE
Dow drops nearly 1% amid global tech outage; S&P 500 heads for worst week since April
The S&P 500 was 0.6% lower in afternoon trading, a day after a widespread wipeout dragged down much of the market, and it’s on track to close its worst week in months. The Dow Jones Industrial Average was down 358 points, or 0.9%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.8%…
READ MORE
Wipro maintains momentum in deal wins amid a tough quarter
Wipro’s sequential revenue growth in the June quarter was in line with its guidance but failed short of analysts’ expectation. On the positive side, it showed resilience on the margin front while showing a sustained traction in new deal wins. Like some of the larger peers, it showed a marginal uptick in the banking, financial…
READ MORE