Budget announcements to make India more attractive for investments: Nithin Kamath
At a time when India is one of the few bright spots in a gloomy world, the budget had many announcements that will not only boost the economy, but also make India a much more attractive investment destination. The proposals to simplify taxes and compliance requirements, taxation incentives for startups and MSMEs are a step…
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Nirmala Sitharaman | Nifty: Budget 2023: Can a fine balancing act by Nirmala Sitharaman leave Nifty bears jobless?
NEW DELHI: With Finance Minister Nirmala Sitharaman expected to strike a fine balancing act between growth and fiscal consolidation in her Budget speech today, Dalal Street investors expect her to focus on capex besides boosting manufacturing and consumption in pre-election year. “We believe the market is already factoring in a balance between a pro-capex and…
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Stocks to buy on Budget Day: 3 short-term trading ideas for 1 February 2023
Indian market is expected to remain volatile amid Budget 2023 and the outcome of the US Federal Reserve policy statement. The S&P BSE Sensex and Nifty50 closed flat with a positive bias on Tuesday. India VIX moved up by 2.25% from 17.32 to 17.71 levels. Volatility spiked above 19 levels during the day and has…
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sensex news: Sensex reclaims 60,000, Nifty crosses 17,800 ahead of Union Budget
Anticipating a pro-growth Budget by Nirmala Sitharaman this morning and shrinking of interest rate hikes by US Federal Reserve later in the night, Sensex and Nifty began the eventful day on a strong note as all sectoral indices opened in green zone. The BSE Sensex was trading 576 points or 1% higher at 60,125.49 while…
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Sensex & Budget: How stock market may react on B-Day
NEW DELHI: With the impact of the Union Budget on the stock market witnessing a waning trend, Sensex has ended the B-Day with gains or losses more than 2% only twice in 8 out of the last 10 years. An analysis of market history since 2013, which includes 10 full budgets and 2 interim ones,…
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Adani Enterprises enters final day of crucial $2.5 billion share sale
India’s climbed 2% in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a U.S. short-seller’s scathing attack. Billionaire Gautam Adani’s group firms have lost $65 billion in stock market value since Hindenburg Research’s Jan….
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pnb share price: PNB rises over 4% post Q3 results. What should investors do now?
Shares of public sector lender () rallied 4.2% to Rs 52.85 in Tuesday’s trade on BSE. Its net profit fell 44% to Rs 629 crore for the quarter ended December 2022. The net profit stood at Rs 1,127 crore in the same period last year. The net interest income (NII) — the difference between interest…
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Adani Enterprises Fpo subscription status: Adani Enterprises FPO subscribed 78% so far on last day, retail investors stay away
NEW DELHI: Hit by a negative report by New York’s short-seller Hindenburg, India’s largest follow-on public offer or FPO by Adani Enterprises saw subscriptions worth 78% till 1:36 pm on the last day with little interest from retail investors. Data from stock exchanges shows that out of the 4,55,06,791 fresh shares on offer under the…
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Adani Group denies buyback plans of Ambuja, Adani Ports
Adani Group has denied reports that it is considering a share buyback in group companies and . “In relation to the news on share buyback, we would like to clarify that there is no such plan, and hence, we are not in a position to comment on the veracity of said media report,” Adani Ports…
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Adani and Jindal companies, Vedanta in race for GVK Power’s Punjab unit
, Jindal Power and are among twelve companies that have expressed initial interest in acquiring distressed producer- GVK Power (Goindwal Sahib), said two people aware of the development. GVK Power (Goindwal Sahib) was admitted for corporate insolvency by the Hyderabad bench of the National Company Law Tribunal last October on an application filed by ….
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