NEW DELHI: In an effort to reduce risk concentration in the wake of criticism of its investments in Adani group firms, the Life Insurance Corp. of India (LIC) is going to set limitations on its debt and equity exposure to companies, according to two sources. After the Adani group lost over $100 billion in valuation…
In NEW DELHI: According to chairman and managing director Ajay Singh, low-cost airline SpiceJet is willing to sell further shares in order to lower its liabilities. “We can change. We will consult with our partners to determine their preferences. Nevertheless, we must deleverage our balance sheet in order to have room to expand, and that…
As part of its semi-annual review, which was announced on May 11, 2023, global index services provider MSCI (Morgan Stanley Capital International) may add two possible India equities to its Standard Index. According to brokerage Emkay, both Ashok Leyland and Hindustan Aeronautics meet the size and liquidity requirements through 23 March 2023, and it doesn’t…
Wall Street ended the day on a positive note on Thursday as investors took heart from US Treasury Secretary Janet Yellen’s assurances that steps would be done to safeguard Citizens’ accounts.As Yellen continued her congressional testimony in the final hour, all three of the major US stock indices reversed an earlier surge and went negative.The…
For the eighth time in a row, the US Federal Reserve has increased the federal funds rate. The target range has increased from the prior range by 25 basis points to 4.75-5%. The goal is to increase interest rates across the board for the economy. What is the purpose of this? Mint’s assessment The Fed…
Due to unseasonal rainfall in important wheat-producing areas, wheat prices have started to rise once more despite the government undertaking open market operations to control prices. Even before the government began its open market sale programme, the ministry of consumer affairs, food, and public distribution reported that wheat prices had risen by 14% in 2022….
A global brokerage firm, Jefferies, noted that this could result in accelerated market share shifts and, in theory, an effective duopoly, which could add 93 per share upside potential. However, there is growing concern that telecom tariff increases may not occur until after general elections in May 2024. Reliance Industries Ltd. (RIL) offers 36% upside…
Here’s a new routine to save taxes and a chance to increase wealth by consistently investing in an equity linked savings plan. When a behaviour is repeated frequently and consistently, it becomes a habit. Repeating a habit is simple to do once it has been established. Our daily life and many other things that we…
MUMBAI: On Thursday, the benchmark Sensex for Indian equities fell 290 points to close below the 58,000 level following a sell-off in sectors related to banking, finance, and IT amid a sluggish trend in European equities.Meanwhile, intense selling pressure in Reliance Industries, an index heavyweight, increased the pressure, according to brokers.The 30-share BSE Sensex dropped…
Toshiba Corp. accepted a $15.3 billion buyout bid from a Japanese consortium, according to the Nikkei newspaper, putting an end to a difficult chapter in the more than 140-year history of the venerable corporation.The newspaper stated, without providing sources, that the Tokyo-based company’s board had authorised a proposal of almost 2 trillion yen ($15.3 billion)…
