Hindustan Aeronautics: HAL offer looks good for retail investors; 15-20% gains likely
Mumbai: Retail investors could subscribe to the offer for sale (OFS) of Hindustan Aeronautics (HAL) for an upside of 15-20% in a year as the company’s near-term outlook looks bright due to stable margins and sustained double-digit earnings growth. The government is selling up to 3.5% stake in HAL through an OFS to raise around…
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Sebi: Sebi set to end permanent board positions
Mumbai: The Securities and Exchange Board of India (Sebi) is set to clear a number of proposals including putting an end to permanent board memberships, reining in special rights, introducing an ASBA-like system for stock market trades and allowing private equity funds to become sponsors of mutual funds. The Sebi board is scheduled to meet…
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Vedanta taps Gulf funds, explores 10% stake sale in India unit
With debt repayments up to $2 billion maturing by June, billionaire Anil Agarwal-led Vedanta Resources Ltd (VRL) has reached out to investors for a strategic stake sale of up to 10% in India-listed Vedanta Ltd (VEDL), said people with knowledge of the matter. It’s also exploring the possibility of leveraging the cash flows of the…
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Dalal Street: Dalal Street indices slide after US Fed hikes rates
Mumbai: Indian equities weakened on Thursday, tracking the overnight drop on Wall Street, after the US Federal Reserve continued to raise interest rates while acknowledging that the crisis in that country’s banking system could weigh on the economy. The central bank’s rate hike of 25 basis points was in line with expectations. However, Fed chair…
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Options traders: Options traders could face big losses as NSE scraps ‘do not exercise’ facility
Mumbai: The National Stock Exchange has decided to withdraw the ‘do not exercise’ facility for investors trading in the stock options segment from March 30. Brokers said the move could result in traders incurring unprecedented losses on the expiry day of the futures and options contracts. In a circular on Monday, NSE Clearing Ltd said…
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nifty today: SGX Nifty down 50 points; here’s what changed for market while you were sleeping
Equity markets ended higher for a second consecutive day on Wednesday, tracking strong trends in global markets. On Thursday, markets will likely react to the Fed’s decision to hike the policy rate by 25 bps. “Fed’s comments and their plans to deal with current financial turmoil will hold importance. It will be interesting to see…
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HAL share price: Stocks in news: HAL, Hero MotoCorp, GAIL, Reliance Industries, BHEL
Nifty futures on the Singapore Exchange traded lower at 17,106, down 52 points or 0.30%, signalling a negative start for Dalal Street. Here are the top stocks that could hog limelight in trade today: HALThe union government will sell up to 3.5% stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale (OFS). The…
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Investors turn more bearish on stocks after Fed, survey shows
Investors are convinced the Federal Reserve will hike more this year and not pivot to monetary easing until 2024 — an outlook they view as bearish for stocks. That’s the dominant view of about 350 respondents to an Instant MLIV Pulse survey in the hours that followed the Federal Open Market Committee meeting on Wednesday….
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First Republic shares fall as Yellen says not considering ‘blanket insurance’ on bank deposits
A “bull case” scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all bank deposits without approval from the U.S. Congress. First Republic, whose shares have lost much of their value since…
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fed: Fed policymakers see one more rate hike this year, cuts in 2024
Federal Reserve policymakers believe beating back inflation may require just one more interest-rate hike this year but less easing next year than most thought would be appropriate just three months ago. U.S. central bankers see the policy rate, now in the 4.75%-5.00% range after Wednesday’s 25-basis-point increase, at 5.1% by year end, according to the…
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