ECONOMIC BLACK LIST
ET 40 Under Forty 2024: Celebrating India's top young business leaders
The Economic Times 40 Under Forty list features a diverse group of young business leaders, including entrepreneurs, professionals, and innovators from various industries. These individuals have made significant contributions and are shaping the future of business in India. Learn more about their inspiring journeys and accomplishments.
Who will be Kamala Harris's running mate if she replaces Joe Biden? Here is a list of key candidates
It has been reported that there are three main candidates whose names are doing the round and will be Kamala Harris’s running mate if she herself replaces Joe Biden as the official presidential nominee of the Democrats. The candidate will most likely belong to a swing state and will have to be a White male.
Emcure Pharma shares debut with 31% premium over issue price
Before listing, the company's shares traded at a Rs 360 premium in the grey market. It raised Rs 582 crore from anchor investors, including HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, and HDFC Life. Analysts are bullish on the IPO for listing gains and long-term growth, citing its strong position in domestic therapeutics and expansion plans in India and exports.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
BlackRock’s Ethereum spot ETFs listed on DTCC: Five cryptos to diversify with and capitalise on this trend
BlackRock's spot Ethereum ETF, ETHA, listed on top of DTCC after SEC approval of eight spot Ethereum ETFs. Traders diversify holdings in Web3 space for market gains.
Zimbabwe authorities mix charm with force in an attempt to shore up the world's newest currency
Although money typically doesn't require publicity, Zimbabwe's sixth national currency in 15 years needs all the help it can get. Desperate to halt a money crisis underlining the country's economic troubles, the government launched the gold-backed ZiG, the latest attempt to replace the Zimbabwe dollar, which had been battered by depreciation and often outright rejection by people unwilling to put their faith in it.
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Jio Financial seeks shareholders approval for up to 49% foreign equity investments
Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.
Iranian President Raisi's memorial muted amid public discontent
Thousands mourned President Ebrahim Raisi in Tabriz after a helicopter crash near the Azerbaijan border. State TV showed live images of black-clad mourners and a truck carrying caskets. Emotional rhetoric was subdued. Raisi's body was flown to Tehran airport and then to Qom. The economic crisis in Iran poses challenges for the ruling clerics.
Best hedge trimmers in India for meticulous trimming and superior performance
This article lists the best hedge trimmers in India and highlights top models in various categories to suit different needs. For cordless options, the BLACK+DECKER GTC18502PCF-B1 stands out with its 18V battery, POWERCOMMAND™ button, and ergonomic design, while the EVEAGE Cordless Grass Shears offer a versatile 2-in-1 tool with an 8V rechargeable battery and lightweight build. In the electric category, the GARDENA 9831-20 EasyCut is praised for its 450W motor, dual-action blades, and ergonomic handling, making it ideal for small to medium hedges. The STIHL HSE 42 provides consistent power with a 500 mm metal blade and a lightweight design for ease of use. For those on a budget, the BLACK+DECKER GT4245-B1 offers a 420W motor, 45 cm blade, and essential safety features like a cable management system and protective guard.
40 Under Forty: Ethics, innovation tilt scales for winners
It was a lucky 13 last week — the group of elite jurors, who evaluated, debated, and finally selected this year’s cohort of ET’s 40 Under Forty. The focus was on long-term impact — whether on business or society.
Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday
On August 31, 2015, Hindustan Zinc took the support of 200 and 50-EMA (placed at 127) and rallied up to 340, but then corrected towards the 200-EMA (placed at 157), making a higher low.
Best crypto to invest in May 2024
A diversified portfolio could mitigate risk in anticipation of May 2024's market conditions. This guide explores a range of cryptocurrencies, including established leaders like Bitcoin and Ethereum, as well as promising projects across various sectors.
Closing fake accounts in Govt schemes saved Rs 3.35 lakh cr
The government's efforts to eliminate fake beneficiaries from various schemes resulted in saving approximately ₹3.35 lakh crore between FY18 and FY24. The Department of Expenditure identified and canceled millions of fake ration cards, beneficiaries of the LPG subsidy scheme, names under the MGNREGS, and beneficiaries under the PM Kisan scheme. These savings, which amounted to ₹30,000 crore in FY24 alone, are expected to be even higher when considering the last decade. The government is working with state governments to use technology to further reduce leakages.
Jio Financial Services shares slump 3% ahead of Q4 results today
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.
Jio Financial shares surge 5% after NBFC signs agreement with BlackRock
Jio Financial Services' shares surged 5% to Rs 371.75 after partnering with BlackRock, Inc. for wealth management and broking. The joint venture aims to revolutionize India's asset management. The Reliance Industries division, listed separately since August 2023, saw a 6.3% monthly and 47.28% quarterly return.
Auto stocks, mirror of economic growth: The not so bullish analysts would be proven wrong ?
Analysts projects are not bullish, they hardly expect any gains, but the hard fact, sometimes staying glued to excel sheet and earning projections makes one cautious more than it is required. Even the recent price moves are indicating that the street is getting ready to re-rate part of the auto sector, or rather has already done it. Whether it be large OEM or auto ancillary companies. Should one be ready to ignore the pessimism of analysts and move to take exposure for both a tactical trade and long term investment ?
Byju Raveendran's net worth plummets to zero, as per Forbes Billionaire Index 2024; Here're others who fell off the list
Forbes' Billionaire Index 2024 highlights a drastic decline in Byju Raveendran's net worth, plummeting from ₹17,545 crore ($2.1 billion) to zero. This sharp downfall follows crises within his startup, Byju's, once valued at $22 billion. The company's financial woes, including a staggering net loss exceeding $1 billion, led to a significant devaluation, with BlackRock marking its worth at just $1 billion. Shareholders recently voted to remove Raveendran as CEO amidst ongoing challenges.
Hot Stocks: Brokerage view on RIL, IOC, PCBL and ICICI Bank
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL.
Seeking value in this market? Porinju Veliyath on where to look
Porinju Veliyath sees value emerging in small and midcap companies amidst an economic upcycle, anticipating sustained growth opportunities driven by structural changes, government support for manufacturing, and the expansion of the capital market and investing habits. He says at around 25-26 PE, these small and midcaps are definitely expensive. But we cannot talk about the historic PE of 10, 12, and 15 for these companies because their future trajectory has changed significantly.
F&O Ban List: Zee under trade ban on Monday
F&O Ban List: The F&O contracts of any stock enter the ban when the open interest on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest drops below 80%.
Vibhor Steel Tubes share price nearly triples on listing day. Should you book profits?
Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth, maintained analysts
Vibhor Steel Tubes stock lists with 182% premium over IPO price
Vibhor Steel Tubes Listing Price: Vibhor Steel shares listed with a premium of 182% on the exchanges, debuting at Rs 421 on BSE and Rs 425 on NSE. The solid listing is attributed to a diverse product portfolio, strong financial performance, manufacturing specialties, a long term business arrangement with Jindal Pipes, and revenue growth for working capital funding.
Vibhor Steel Tubes GMP: Investors await a likely robust listing on Tuesday
Vibhor Steel Tubes IPO garnered a stellar response, receiving an oversubscription of 320 times. The grey market premium is currently sitting at Rs 140 compared with an issue price of Rs 151, indicating listing pop of over 90%.
BlackRock, Neuberger bought Adani debt post Hindenburg bombshell
BlackRock and State Street increased their holdings of Adani Group dollar bonds, while Lombard Odier and Neuberger Berman also raised their positions. Adani Group's empire improved its financial condition, paying down debt, refinancing loans, and attracting equity investments after the Hindenburg Research report.
Jio Financial results today: What will be the key watch outs for Dalal Street?
Jio Financial Q3 results: Reliance Industries' subsidiary Jio Financial Services will release its Q4 earnings for December. This is the second earnings announcement since listing. No estimates are available for the company's performance. For the six months ended September, Jio Financial reported a revenue of Rs 1,022 crore and a net profit of Rs 1,000 crore. The December quarter numbers will detail the performance of each business. Jio Financial Services plans to increase financial services penetration through a digital-first approach.
Beyoncé ranks 36 on Forbes' Most Powerful Women List
The Forbes ranking arrives at a moment of triumph for the 'Halo' hitmaker, coinciding with the successful premiere of her concert documentary, “Renaissance: A Film by Beyoncé.” The film achieved a remarkable debut, securing the top spot in North America with an impressive opening night earning of $11.5 million and a total weekend gross reaching $21 million.
American investor BlackRock’s stake in multibagger Suzlon Energy crosses 5%
The stellar run in the stock price saw Suzlon finding a place in the list of 14 probable smallcap stocks that can get upgraded to midcap status by the Association of Mutual Funds in India (AMFI) in its semi-annual categorization of stocks next year.
Crypto Winter Thaws: The dawn of Bitcoin ETFs led by BlackRock
The development is ironic considering BlackRock CEO Larry Fink dismissed Bitcoin as little more than an index for global money laundering in 2018.
Wall St subdued in shortened Black Friday trading
The main three U.S. stock indexes were still set for their fourth consecutive weekly gains, driven by hopes that the Federal Reserve is done hiking interest rates and signs the U.S. economy remains resilient
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