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…
READ MOREMumbai: 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…
READ MOREWith 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…
READ MOREMumbai: 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…
READ MOREMumbai: 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…
READ MOREEquity 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…
READ MORENifty 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…
READ MOREInvestors 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….
READ MOREA “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…
READ MOREFederal 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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