Tag Archives: but

Indian market most expensive, but FPIs may still love it: Here’s why

NEW DELHI: On paper, the domestic equity market is the most expensive emerging market globally. Yet, hope of a sharp recovery in earnings has lifted stocks to all-time high levels. For overseas investment flows to be strong in 2018, earnings need to meet the heightened expectations. They have been disappointing the Street in each of the past few financial years. While PE ... Read More »

Sensex slips after hitting record highs but over 50 stocks hit a lifetime high on BSE

The S&P BSE Sensex, which started with a small gap on the upside, was enough to take out its previous landmark high of 33,865.95 on 7th November to hit a fresh record high of 33,956.31 on Wednesday. The bulls failed to keep the momentum going beyond the opening tick and the index quickly pared gains and slipped in red in ... Read More »

Moody’s upgrade has changed the market mood, but it’ll be shortlived

Khadim India and New India Assurance were down 7-15 per cent from their issue prices, respectively, while HDFC Life managed to see strong listing based on its strong management pedigree. Global rating agency Moody’s has changed the mood of the Indian market by upgrading after 14 long years. Equity index Nifty50 successfully overcame negative sentiments after touching a low 10,100 mark. But ... Read More »

Xiaomi fastest growing phone maker, but Samsung and Apple remain leaders: report

Xiaomi holds the fifth position with market share of 7.4%, but it registered the highest year-on-year growth of 102.6% from Q3 2016 when it controlled only 3.7% of the market share. (Above) Xiaomi’s India head Manu Jain (left) with actor Katrina Kaif during the launch of its new series of smartphones, in New Delhi on Thursday. Photo: PTI Samsung continues ... Read More »

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

Urjit Patel: An RBI governor who doesn’t talk but acts

Raghuram Rajan had taken over as governor of the central bank in the world’s fastest-growing major economy in the thick of the taper tantrum in September 2013 when the local currency was depreciating every day against the dollar and inflation was in double digits. His predecessor D Subbarao had witnessed the collapse of iconic US investment bank Lehman Brothers a ... Read More »

BRICS Summit 2017 has potential to boost trade, economy, finance but members need to start work now

The idea of BRIC emanated from an investment bank which had conjectured a theoretical possibility of four countries in the developing world, i.e. Brazil, Russia, India and China, taking on the role of engine to growth for the world economy. This concept gained more relevance after the financial crisis set in where it was believed that the emerging markets were ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

Market ‘a little bubbly,’ but pullback coming, expert says

With the earnings propelling equities to new highs, investors will have to wait for an opportunity to get into the market, experts told CNBC on Monday. The Dow Jones industrial average notched its ninth straight record close Monday, ending up 25.61 points at 22,118.42, amid a stronger-than-expected earnings season. “Earnings have been getting better and better,” trader Peter Costa said. While he’s not ... Read More »

ITC’s cigarettes business lit up Q1 results but cess hike a wet blanket

In the June quarter, 93% of the increase in ITC’s segment profit over a year ago was contributed by the cigarettes business. Photo: Reuters LATEST NEWS » Elon Musk likened to common car dealer as Model 3 can reach $59,500 India Today group CEO Ashish Bagga steps down Spotify is coming after Apple with a new podcast initiative Nitish Kumar ... Read More »