WEEKLY BRIEFING
IPO Calendar: 1 IPO, 5 listings investors need to watch out for next week
Analysts believe that despite a temporary lull, India's strong economic fundamentals and promising growth outlook create an ideal environment for its burgeoning IPO market. They foresee significant investment in public markets and robust demand for both new-age and traditional companies in the coming months.
Monsoon hits Maharashtra, but may falter next week
India's monsoon rains have advanced into Maharashtra but may weaken next week, potentially delivering below-normal rainfall, according to weather officials. While the monsoon, crucial for agricultural planting and economic growth, has delivered 7% more rain than normal since June 1, farmers are advised to wait for proper soil moisture before sowing crops.
Tech View: Nifty forms Doji candle. What traders should do next week
Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle.
A brief history of the 2,000-pound Mark 80 bombs central to U.S.-Israeli tensions
The Mark 84 is a 2,000-pound bomb, part of the Pentagon's Mark 80 series. President Biden delayed a shipment to Israel of these bombs amid concerns over their use in Gaza, where civilian casualties have occurred. Israel mainly acquires these bombs from the United States.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Monty Panesar ends political career in just one week. Why he suddenly made a U-turn
Former England cricket player Monty Panesar has opted to retreat from his brief venture into politics, pulling out as a parliamentary contender for George Galloway's Workers Party of Great Britain after merely a week. The 42-year-old, formerly renowned for his cricketing prowess with England, had his candidacy unveiled amidst much anticipation in Westminster the previous week, intending to vie for the Ealing Southall seat in West London in the upcoming general election.
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India receives oil cargo in Russian SCF tanker after brief halt, sources say
A ship operated by Sovcomflot (SCF), a Russian shipping giant sanctioned by the U.S., discharged fuel oil at a western Indian port, signaling a resumption in the use of SCF vessels for supplying oil to Moscow's key market. The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries, was expected to depart after full discharge. Indian refiners, including Reliance, had been cautious about receiving cargoes on Sovcomflot vessels following U.S. sanctions imposed on the company.
Chinese military officials met US and Russian naval officials this week
Chinese military officials engaged in meetings with their U.S. and Russian counterparts during a naval symposium in Qingdao, China. These discussions aimed to enhance communication and trust, with China expressing its willingness to collaborate with all countries for a shared maritime future. This development follows a period of strained relations, including a breakdown in communication after a visit to Taiwan by then-House Speaker Nancy Pelosi. The meetings come amidst heightened regional tensions, with the U.S. and Japan discussing Japan's potential inclusion in the AUKUS defense grouping, which China views as a threat to regional stability.
Delhi, Haryana weather forecast: 40-degree temperature, gusty winds and light rain predicted this week
Delhi and its vicinity experienced sudden weather changes on Tuesday, with some areas receiving light rain and strong winds. This led to flight diversions and reports of waterlogging and fallen trees. Despite the disruption, the rain brought relief from the intense heat. The IMD predicts isolated rainfall and thunderstorms in the region on April 26th and 27th and temperature is likely to touch 40 degrees over the weekend..
Sandeshkhali: SC grants 2 weeks to LS to respond to plea of West Bengal chief secretary, others
The Supreme Court has granted two weeks for the Lok Sabha Secretariat and others to respond to a plea by top West Bengal bureaucrats against their summoning by the privileges committee of the Lower House. The committee had summoned them over a complaint of "misconduct" filed by BJP MP Sukanta Majumdar during a visit to violence-hit Sandeshkhali. The court had earlier stayed the notices issued by the privileges committee to the West Bengal chief secretary, DGP, and others.
India's forex reserves hit record high at $645.58 billion for week ending on March 29
RBI's forex reserves surged to a record $645.58 billion, boosted by a $2.9 billion increase, with foreign currency assets rising to $570.61 billion. Governor Das underlined the importance of reserves as a safety net.
VCs in reset mode amid exit pressure; and other top tech & startup stories this week
While VCs haven’t really been busy closing deals over the past year or so, their performance has surely come under increased scrutiny as limited partners (LPs) or sponsors of funds ask for cash returns. The Indian venture market, which is now 15 years old, has been exit-starved and a prolonged downturn has exposed the state of the industry very clearly.
US House to vote next week on TikTok crackdown bill
The U.S. House of Representatives is set to vote on legislation that would ban TikTok in the U.S. unless China's ByteDance divests from the app within six months. The bill aims to address national security concerns and protect user data. It has garnered support from the White House, but its potential consequences for ByteDance, the U.S.
Chocolate Day 2024: Exploring the health benefits and culinary uses of chocolate
As Valentine's Week commences, chocolate takes center stage, offering not only sweet gestures but also a plethora of health benefits. From its ancient Mesoamerican origins to its modern-day variations, chocolate has evolved into a beloved treat globally. Rich in flavanols, dark chocolate may lower blood pressure and prevent liver damage. Additionally, it boosts heart health, improves mood, and enhances brain function. With its versatility, chocolate adds a touch of indulgence to various dishes, making it a delightful addition to any diet.
Blinken briefs Israeli leaders on cease-fire and hostage talks as war in Gaza enters 5th month
"There's a lot of work to be done, but we are very much focused on doing that work, and hopefully being able to resume the release of hostages that was interrupted," US Secretary of State Antony Blinken said.
BOJ keeps ultra-easy policy, focus shifts to Ueda's briefing
The Bank of Japan maintained ultra-easy monetary settings on Tuesday in a widely expected, as policymakers allow more time to determine whether wage increases will broaden enough to keep inflation sustainably at its 2% target.
Suits & Sayings: A weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours
This collection of snippets covers diverse topics, from shifting wedding trends favouring local celebrations to speculations about a notable departure. It also includes anecdotes about a fintech's fundraising efforts and the rise of Assagaon as a coveted address in North Goa.
Stock Radar: Breakout from inverse Head & Shoulder pattern makes Symphony an attractive buy
Short-term traders can look to buy Symphony stock for a possible target above Rs 1000 level in the next 5 weeks, suggested experts. It hit a 52-week high of Rs 1,218 on March 1, 2023, but failed to hold on to the momentum. The stock closed at Rs 933 on January 15, 2024, which translates into a fall of over 23%.
6 stock recommendations from Rajesh Palviya for the next week
“There was a strong run up in the Nifty Realty Index. We have seen that it gained around 8% kind of momentum in this current week and looking at the overall structure for Nifty Realty Index, we believe that this momentum can extend further.”
3 top stock picks from Rajesh Palviya for next week
So this clearly shows that the trend is intact for the market and I think we are going to continue this trend for many more years from here onwards.
Career Wrap: Terms that defined Work and the workplace in 2023
In 2022, there was much talk about the Great Resignation and Quiet Quitting as individuals prepared for a return to office norms post-COVID. In 2023, which witnessed a blend of returning to the office, hybrid work schedules, and concurrent technological changes and layoffs, a new set of career-related terms surfaced. As the year concludes, let's revisit and examine the most frequently used terms that we discussed throughout this year.
Sensex makes a brief tryst with 70,000
Analysts said the recent tentativeness in the market around these milestones is on concerns that stocks are overbought after the recent run-up. But, the undertone remains positive with foreign investors continuing to pump money into domestic equities and the Bharatiya Janata Party's performance in the state elections raising hopes of its victory in the 2024 general elections.
FOMC, IPO action and 9 other factors that will steer D-Street this week
After a brief pause, the primary market will be back in full swing this week with two mainboard IPOs and four SME issues planning to raise about Rs 2,500 crore. The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.
IPO calendar next week: 2 mainboard, 4 SME IPOs to raise Rs 2,500 crore
The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.
3 stock recommendations from Rajesh Palviya for next week
"A very strong buying action was seen in Zomato. Even if you look at the longer-term chart timeframe, since the last seven or eight months, the stock is in an uptrend. If you look at the weekly as well as the monthly chart, the stock is clearly moving in an up-sloping channel. That clearly shows that the trend is intact on the bullish side."
Israeli troops launch brief ground raid into Gaza ahead of expected wider incursion
The Israeli military, which accuses Hamas of operating among civilians, said its strikes killed militants and destroyed military targets. Gaza militants have fired unrelenting rocket barrages into Israel since the conflict started. During the overnight raid, the military said soldiers struck fighters, militant infrastructure and anti-tank missile launching positions. There were no immediate reports of casualties on either aide.
IPO Tracker: After a brief lull, 1 mainboard IPO & 2 SME issues to hit market next week
The primary market will see several companies launch thier public offer in the week ahead. One mainboard IPO of IRM Energy and two SME issues -- WomenCart Ltd and Rajgor Castor Derivatives -- will tap the public markets to raise funds in the upcoming week.
China replaces foreign minister Qin Gang with Wang Yi after brief stint and weeks of speculation
China has replaced its foreign minister, Qin Gang, with his predecessor, Wang Yi, following a one-month absence from public duties for Qin. The 57-year-old had held the position since December and missed an international diplomatic summit in Indonesia, spurring speculation over his health and adding to unease about transparency in the country's leadership.
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