UNCERTAIN ENVIRONMENT
India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra
India's current account balance (CAB) is projected to reach a surplus of approximately USD 6 billion in Q4 2024, marking the first surplus since Q1 2022. However, the overall CAB for FY24 is expected to remain in deficit at 0.6% of GDP, the lowest since FY17. The global economic environment is showing signs of improvement for 2024, with easing inflationary pressures and robust economic growth in the US and emerging markets.
Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?
ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
Gold prices rally ahead of Akshaya Tritiya. What investors should know?
The precious metal has surged approximately 20%, hitting a record high of $2,431 per ounce in the international market on April 12 and exceeding Rs 74,000 in the Indian market due to strong purchases by central banks and demand from retail investors amid growing geopolitical tensions.
Pullback rally soon? Sanjiv Bhasin on 4 stocks to bet on in this uncertain market conditions
Sanjiv Bhasin recommends strategic investments in HUL, LTI, and Indiabulls Real Estate. He advises reallocation from heavyweight stocks to capitalize on growth prospects. Opportunities also lie in ICICI Bank, Bharti Hexacom, Voda-Idea, and IDFC Bank. Bhasin further says: "We are looking at one pullback rally because all negatives are slowly getting priced in. "
Behind the scenes: How the U.S. lobbied New Delhi to reverse laptop rules
India reversed a policy requiring licenses for imported laptops, tablets, PCs, and servers after U.S. officials lobbied against it. The move, which came after behind-the-scenes pressure, raised concerns about compliance with WTO rules. U.S. officials, alarmed by the abrupt policy change, successfully persuaded India to roll it back. The incident highlighted U.S. concerns about India's unpredictable policy environment. India, however, maintains its policies are in the interest of all stakeholders and encourages foreign investment. The reversal followed a meeting between U.S. Trade Representative Katherine Tai and Indian Commerce Minister Piyush Goyal.
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Doing business in China is growing tougher, more uncertain, European business group says
A report by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years.
Assets in portfolio should be counter-cyclical to each other: Kaustubh Gupta
"Opportunities in the sense that there is a vacuum which is being created in the world order and there is a place that India can grab in it and threat in the sense that when so much of uncertainty is there, there is always a chance of accidents, whether it is on geopolitical front or it is on economical front," says Kaustubh Gupta.
Flood warnings issued and several travel plans disrupted after Storm Henk batters parts of UK
The storm along with high winds and torrential rain, wreaked havoc across significant portions of England and Wales. Presently, nearly 300 flood warnings are in effect in England, and numerous residences face power outages due to fallen trees.
Attrition levels drop as executives stay put in uncertain business environment
Attrition rates at India Inc decreased to 17% in 2023 from 19.7% in 2022, influenced by a subdued job market, macroeconomic challenges, sector-wide layoffs, and an uncertain future. The IT/ITeS sector experienced the most significant decline, dropping from 21.3% in 2022 to 15.5% in 2023, as per the Deloitte attrition survey exclusively shared with ET. Attrition declined in most sectors, except for a rise in financial services to 32.7% in 2023 from 29.2% in 2022.
Fiona, Britain's loneliest sheep, rescued from remote Scottish beach; fate uncertain as she's moved to a secret location
A stranded sheep named Fiona is rescued but faces controversy over her fate.
Adapting to Change: A Leader's Guide to Thriving in Uncertainty
Change is the only way for leaders that are constantly challenged to navigate through uncertainty and drive their organizations towards success. To thrive in such an environment, leaders must develop a keen ability to adapt to change. In this article, we will explore the key principles that can guide leaders in not only surviving but thriving in uncertainty.
New frontline jobs decline 17.5% in FY23, says study
The number of frontline jobs in India declined by 17.5% in the fiscal year 2022-23 due to macroeconomic challenges and an uncertain economic environment, according to a report by BetterPlace. The report revealed that 6.6 million frontline jobs were created in the last fiscal year, compared to 8 million in the previous year. The logistics and mobility sector replaced e-commerce as the highest employment industry for frontline workers, while the integrated facility management and IT sector witnessed the highest demand growth.
Thousands of emperor penguin chicks perish due to drastic ice loss
Thousands of emperor penguin chicks in Antarctica have died due to a "catastrophic breeding failure" caused by low levels of sea ice, which is a result of climate change. The decline in sea ice left the chicks vulnerable to the elements as they had not yet developed waterproof feathers. Multiple penguin colonies across a vast area experienced simultaneous failures during the breeding season.
Investors look past US tech sector as uncertain environment clouds outlook
Investors are looking beyond the U.S. technology sector's bounceback this year for longer-term returns, as higher interest rates and an uncertain macroeconomic picture could present further headwinds, fund managers and strategists said.
Why multi asset mutual funds can be an attractive proposition for uncertain times
Investors facing challenging times due to global geopolitical developments and market uncertainty should consider investing in multi-asset strategies. Such strategies offer diversification and the potential to benefit from a combination of assets, including debt, gold, real estate and global funds, rather than a single asset class. This approach ensures a portfolio is not adversely affected in case of negative developments in any one asset class and can generate superior risk-adjusted returns. Passively managed multi-asset funds offer a cost-effective solution for investors, and actively managed offerings such as ICICI Prudential's Passive Multi-Asset Fund of Funds can take advantage of a changing market environment.
See very good opportunities in M&A environment; will evaluate entities offering good fit: Infosys CEO
While Infosys is on "look out at all times" for good acquisitions, "this is a good environment for finding it", Parekh said.
How ESG has given tax a new look
A change in attitude towards tax has been witnessed since the crucial topic of Environment, Social and Governance (ESG) entered the boardrooms.
Ravuri's tips for investors: Take a staggered approach, don’t sell in panic & go for a hybrid strategy when uncertain
“Growth would definitely be higher in mid and smallcap companies but it is important to a) select the right fund, the right stock and equally important or more important is to have a longer horizon, three-five years. If one comes into mid and smallcap with a 6 months, 12 months perspective, one is bound to be disappointed. That needs to be avoided at any cost.”
Invasive species have pushed native ones to extinction, but not all cause negative impacts
Some non-native species are a leading cause of species extinctions.
ETMarkets Fund Manager Talk: Valuation primary concern for India amid uncertain global arena: Abhishek Gupta, Edelweiss AMC
India’s economic outlook will continue to be stable in the context of the global uncertainty and recessionary fears. FY24 GDP growth can be ~6%, driven by a reduced inflationary impact on bottom of pyramid consumption, improving capex/infra spend and the second level of discretionary spending, led by the recent housing boom.
Indian economy resilient in an uncertain global environment: RBI
Recent data from the far side of the Atlantic and in India suggest a grudging let-up in inflationary pressures. Inflation has somewhat eased across BRICS economies and in several other emerging market economies as well, benefiting from lower commodity prices, especially food.
Funding environment for digital push remains strong: TCS CEO
After reporting quarterly results last week, India's IT service providers indicated that companies that were splurging top dollar during the pandemic have turned cautious in regions such as Europe and the United States.
The world grapples with economic uncertainty, Indian brands have a chance to thrive
There is a huge amount of "this is our time, our century" not just in the boardrooms but in the streets and fields of the country.
Accenture's Q4 preview indicates weak demand environment
A shift is likely to impact Indian IT majors like Tata Consultancy Services, Infosys and Wipro, which follow a similar demand cycle as the global giant.
UBS quarterly profit underwhelms, flags 'uncertain' second half
UBS' performance comes after some U.S. rivals earned overall less money in the quarter due to drops in deal making and the selling of investment products. JPMorgan Chase & Co and Morgan Stanley both reported that investment banking revenues more than halved.
Debt mutual funds see Rs 92,248-cr outflow in June on uncertain macro environment
The heavy withdrawal was seen from segments, such as overnight, liquid and ultrashort-term duration funds.
Can you bet on dynamic bond funds in these uncertain times?
Fund managers and advisors always tell investors that they should choose dynamic bond funds whenever they can’t take a call on the future course of interest rates.
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