FINANCIAL SUPERMARKET
Stock Radar: D-Mart hits fresh multi-year high in June 2024; time to buy the dip or book profits?
Traders are advised to consider a retest target of Rs 5100 for Avenue Supermarts (D-Mart) with a stop loss below 4770 on a closing basis. Recommendations in the article do not reflect the views of the Economic Times.
Screaming value? 34 stocks with consistent earnings growth still trading below 5-year PE
34 stocks with consistent earnings growth, including Trent, are trading below 5-year PE. Axis Securities recommends buying Trent at Rs 4,800. 5 Nifty index cos, like ICICI Bank and Maruti Suzuki, are also undervalued.
Whit Monday: Is it a religious holiday in US and UK? Here’s what’s open and closed
Whit Monday falls the day after Pentecost Sunday, a significant event in the Christian calendar. Pentecost Sunday occurs 50 days after Easter and is determined by the lunar calendar.
Narayanan Vaghul, the banking doyen, passes away at 88
Narayanan Vaghul, the banker who built ICICI, passed away at 88. He was the youngest chairman of Bank of India at 44 and quit banking due to bureaucratic interference. Vaghul was awarded Padma Bhushan in 2010 and The Economic Times Lifetime Achievement Award in 2006. He is survived by his wife, daughter, and son.
N Vaghul, ex-ICICI Bank Chairman, on ventilator
Narayanan Vaghul, the Indian banker credited with building ICICI Bank, is in critical condition. He was the youngest chairman of Bank of India at 44 and was responsible for the return of KV Kamath to India from the Asian Development Bank in the mid-1990s. Vaghul is a recipient of Padma Bhushan in 2010 and has served as a director in several Indian conglomerates.
Radhakishan Damani’s DMart buys land in Mumbai’s Chandivali for Rs 117 cr
The billionaire Radhakishan Damani-promoted company has paid a stamp duty of Rs 7.03 crore for the transaction that was registered on May 6, according to documents accessed through real estate data analysis platform CRE Matrix.
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How a hush money scandal tied to a porn star led to Trump's first criminal trial
Trump faces trial in New York for hush money payments to suppress stories of extramarital affairs. The case involves payments to Stormy Daniels and Karen McDougal orchestrated by Michael Cohen and the National Enquirer tabloid.
Ecomm, gaming, financial services comprise 80% of online transactions in H2 2023: report
Worldline's report showcased Ecommerce, gaming, utilities, government, and financial services as online transaction leaders. In-store, grocery stores, restaurants, pharmacies dominated. UPI transactions surged as PoS terminals increased, highlighting the importance of mobile payments.
What the US economy needs is a cheap date
Food prices have increased by 25%, taking up over 11% of income in the US. Despite inflation, people spend more in restaurants. Meanwhile, TVs, air conditioning, and car services became cheaper. This has resulted in a big drop in the standard of living for many people. There has been a lot of theorising about why so many Americans feel worse off economically. True, real wages are now finally increasing, the labour market is great, the stock market is up, and consumers are spending. But none of this amounts to a complete picture of Americans' quality of life.
Paytm still karo? How a startup star became a cautionary tale
RBI aimed to redirect funds from Paytm Bank's deposit accounts back to those who had initially deposited their money with Vijay Shekhar Sharma's bank. The potential decline of Paytm Payments Bank may not be a concern for the RBI. Despite the limited impact of payments banks on the overall financial system, the move sparked panic among numerous merchants and users of Paytm's UPI service and FASTag business.
Mamaearth parent receives Sebi nod for IPO
Honasa Consumer Ltd filed its draft red herring prospectus with the market regulator in December 2022 for issue of fresh shares worth Rs 400 crore.
British online supermarket Ocado keeps guidance after return to first-half underlying profit
The group, whose shares surged last month after a report of possible takeover interest from Amazon, made earnings before interest, tax, depreciation and amortisation (EBITDA) of 16.6 million pounds ($21.7 million) in the six months to May 28, versus a loss of 13.6 million a year earlier.
Lawsuit by US supermarket shooting victims pins blame on Facebook, Amazon and other tech giants
Tech and social media giants like Facebook, Amazon and Google bear responsibility for radicalizing the Buffalo supermarket shooter, who was fueled by racist conspiracy theories he encountered online, the victim's relatives said in a lawsuit filed Wednesday.
Shares of UK online supermarket Ocado soar on talk of Amazon bid interest
Shares in Ocado rose as much as 47% and were briefly on track for their biggest one-day jump on record. They were up 30% at 1236 GMT, paring losses over the past 12 months to 32%.
Are you bad with money? Our financial struggles have a lot to do with psychology and behaviour
A classic study found that status quo bias can even influence our choices about retirement plans and health care plans at work.
Love for cricket doesn't buy you groceries from supermarket: Darren Sammy
As a double T20 World Cup winning skipper, Sammy is bound to be frustrated and angry. But at the same time, he is pragmatic enough to understand the practical difficulties which includes not enough financial security offered by Cricket West Indies (CWI).
UAE-based billionaire Yussuf Ali's Lulu Group enters Uttar Pradesh with supermarket
Lucknow is the fourth city after Kochi, Bangalore and Thiruvananthapuram where Lulu has set up its highly popular supermarket. LuLu Group India has its arms stretched over to hypermarkets, shopping malls, food processing units, e-commerce and fun stations.
BigBasket gets Rs 1,000 crore investment from its holding company
Tata Digital owns an around 64% stake in Supermarket Grocery. Innovative Retail Concepts was made a subsidiary of Supermarket Grocery after Tata Digital acquired the BigBasket operator, ET had reported in October last year.
D-Mart all set to enter GIFT City
The opening of a D-Mart store will significantly add to the convenience of people working and residing in the smart city. GIFT City is already a host to the world’s leading names in the financial domain, banking, insurance, capital markets, technology, fintech, IT and ITeS sectors.
Madhya Pradesh govt decides to slash booze rates, retail liquor at airports and select supermarkets
In the Excise Policy 2022-23, approved by the state Cabinet on Tuesday, the government also decided to slash retail prices of liquor by 20 per cent in a bid to "make them practical". The Cabinet meeting chaired by Chief Minister Shivraj Singh Chouhan also cleared the Madhya Pradesh Heritage (Traditional) Liquor Policy.
Australia shares end lower as Omicron spreads, financials slide
The S&P/ASX 200 index ended 0.77% lower at 7390.1, extending losses for the second consecutive session. The benchmark fell 0.08% on Monday.
Australia shares close flat as financials negate losses in retailers
The S&P/ASX 200 index settled 0.01 per cent lower at 7,378.40, clawing back from a 0.5 per cent fall in early trade.
Assam government completes flyover 14 months before scheduled date
The flyover constructed with a financial outlay of Rs. 127.20 crore, bearing a total length of 1205 metre, has been completed in a record 22 months instead of the targeted 36 months. With the inauguration, the flyover will considerably reduce traffic congestion at Supermarket by diverting traffic from Ganeshguri to Last Gate through the flyover. It will also ensure hassle-free traffic movement from Khanapara to Ganeshguri and facilitate smooth traffic from Last Gate to Ganeshguri.
UK’s Morrisons rejects $7.6 billion takeover offer
“The board of Morrisons evaluated the conditional proposal together with its financial adviser, Rothschild & Co, and unanimously concluded that the conditional proposal significantly undervalued Morrisons and its future prospects,” the group said in a statement.
UK's Design Museum changes Covid strategy, converts gift shop into supermarket for essential items
The museums in England have to remain shut until May 17.
Sensex to rise 6% more to 41,500 pts by March on easy liquidity: BNP Paribas
Stating that there is a "limited downside hereon", analysts at BNP Paribas said the benchmark Sensex will touch 41,500 points by the end of the fiscal as against near 39,000 points level on Thursday.
Amazon's high-octane growth is gone. Get used to it
Amazon is just scratching the surface in food, health care, home furnishings, corporate tech, advertising and much more.
Amazon caps voting rights in More supermarket owner Witzig Advisory Services at 17%
Etailer's stake to comprise 17% class A shares with voting rights and 32% class B shares with none.
What makes investors trust their money with these 5 financial supermarkets of India
Sandy Weill’s concept of universal banking was adopted by ICICI & HDFC in the ’90s. Others like Edelweiss & IIFL are making small, brave attempts in the field.
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