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Consumer confidence in focus as shutdown fears fade
NEW YORK: US fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the US economy is slowing even though government leaders had reached agreement to end the longest shutdown ever.

While the S-P 500 index is up more than 5 per cent since the start of January, money

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Carlyle bids to buy PNB's 33% stake in PNB Housing Finance
KOLKATA: US-based private equity firm Carlyle has put in its bid to acquire Punjab National Bank's stake in PNB Housing Finance, a person familiar with the matter told ET.

Carlyle, which already holds 32.4% in the housing finance company, will get a controlling stake if it succeeds to acquire PNB’s 32.8% stake. Other investors have also evinced i

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Mumbai: The FIR by the Central Bureau of Investigation in a complaint of favouritism and corruption by former ICICI Chief Executive Chanda Kochhar would have a bearing on the Srikrishna Committee which is also probing similar charges, said industry executives.

Retired Justice Srikrishna who is probing charges of quid-pro-quo in loans sanctioned by

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Backing down, Trump agrees to end shutdown without border wall money
President Donald Trump agreed under mounting pressure on Friday to end a 35-day-old partial US government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall, handing a political victory to Democrats.

The three-week spending deal reached with congressional leaders, quickly passed by the Republican-led Senate

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Nomura sees GDP slowing to 6.6% in H1 on polls, global slowdown
Mumbai: The economy is likely to lose steam and may clip at 6.6 percent in the first half of 2019 from 7.4 percent a year ago, on account of the global slowdown and the uncertainty about the outcome of the forthcoming general elections, a report has warned.

"We expect the slowdown to worsen in the first half of 2019 to around 6.2 percent(from a

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Buy Page Industries, target Rs 24,200: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Page Industries Ltd. with a target price of Rs 24200. The current market price of Page Industries Ltd. is Rs 23183.25. Time period given by the analyst is Intra Day when Page Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 22600. Page Industries
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MUMBAI: Shares in Yes bank have surged 17% this week since ET confirmed the appointment of Ravneet Gill as the Yes Bank CEO, ending months of uncertainty about the leadership succession at the private lender.

But the challenges of cleaning up the corporate lending book and improving corporate governance could cap further upside as investors would

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Sebi proposes easier rules for REITs, InvITs
New Delhi: To make REITs and InvITs more attractive, markets regulator Sebi Friday came out with a new set of proposals to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors.

Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate

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Buy Indian Bank, target Rs 270: Kunal Bothra
Indian Bank share price: Buy Indian Bank, target Rs 270: Kunal Bothra - The TheIndianSubcontinent

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The domestic equity market continued its whipsaw movement with a downward bias and shallow depth during the week gone by.

Secular sectors like FMCG have delivered good numbers, but cyclicals have disappointed the market.

Moreover, retail players have surprised everyone by delivering double-digit growth. Organised players have indeed gained at the

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Will Yes Bank's new boss face challenge
MUMBAI: Shares in Yes bank have surged 17% this week since ET confirmed the appointment of Ravneet Gill as the Yes Bank CEO, ending months of uncertainty about the leadership succession at the private lender.

But the challenges of cleaning up the corporate lending book and improving corporate governance could cap further upside as investors would

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Asia stocks firm, euro sags after dovish ECB
TOKYO: Asian stocks rose across the board on Friday, buoyed by gains in US technology shares while investors awaited several key events next week including US-China trade talks.

The euro struggled near a six-week low versus the dollar following dovish-sounding comments from European Central Bank President Mario Draghi, who expressed concerns about

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Chalet Hotels to hit Street next week, aims to raise Rs 1,640 cr
MUMBAI: The initial public offer of K Raheja Corp-promoted Chalet Hotels will hit the market next week to raise about Rs 1,640 crore.

The company will raise about Rs 950 crore by issuing fresh shares and the promoter group plans to offload up to 2,46,85,000 shares worth another Rs 690 crore in the IPO.

The IPO, which is priced in a range from Rs

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Subhash Chandraopen letter: Negative forces hammered Zee stock today
NEW DELHI: After Zee group stocks took a heavy beating on Friday, Subhash Chandra, Chairman of ZEE and Essel Group in an open letter said that certain “negative forces” attacked the stock of Zee Entertainment to sabotage the company’s strategic sale process.

In the letter, Chandra said that buying D2H from Videocon was a wrong investment decision

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Buy Reliance Industries, target Rs 1265 Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries Ltd. with a target price of Rs 1265. The current market price of Reliance Industries Ltd. is Rs 1245.4 Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1230. Reliance
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Carlyle puts in bid to acquire PNB stake in housing finance business
KOLKATA: US-based private equity firm Carlyle has put in its bid to acquire Punjab National Bank's stake in PNB Housing Finance, a person familiar with the matter told ET. Carlyle, which already holds 32.4 per cent in the housing finance company, will get a controlling stake if it succeeds to acquire PNB’s 32.8 per cent stake. Other investors have
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Gruh Finance Q3 profit up 7% at Rs 97 crore
New Delhi: Gruh Finance, a subsidiary of HDFC Ltd, on Friday posted a 6.5 per cent rise in net profit at Rs 96.95 crore for the third quarter ended December 2018.

The company had recorded a net profit of Rs 90.84 crore in the corresponding quarter of the previous fiscal, Gruh Finance said in a regulatory filing.

During the period, total income of

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Buy Tech Mahindra, target Rs 740: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Tech Mahindra Ltd. with a target price of Rs 740. The current market price of Tech Mahindra Ltd. is Rs 728.1 Time period given by the analyst is Intra Day when Tech Mahindra Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 718 Tech Mahindra Ltd.,
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DLF shares slide 11% after CBI raids on several offices
MUMBAI: Shares of realty developer DLF crashed over 11 per cent on Friday after the Central Bureau of Investigation (CBI) raided the company's offices in Gurugram and several other locations, in connection with a matter of alleged irregularities in allocation of land to the company.

The stock had touched an intraday low of Rs 144.70, nearly 18.5

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Sebi imposes Rs 30 lakh fine on 4 entities for 'non-genuine' trades
New Delhi: Market watchdog Sebi has slapped a total penalty of Rs 30 lakh on four entities for executing "non-genuine" trades in illiquid stock options segment of the BSE.

In four separate orders, the regulator imposed a fine of Rs 15 lakh on Umesh Hemnani, Rs 5 lakh each on Pumarth Infrastructure Pvt Ltd, Jaya Sarda and Kishan Kumar Jajodia.

The

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Street buzz: Deals ahead of CESC demerger
The demerged entities of RPSanjiv Goenka Group’s CESC are set to list on the domestic bourses on Friday. Ahead of their debut, CESC Ventures and Spencer’s Retail have seen some deals in the grey market. On Thursday, shares of Spencer’s Retail changed hands between Rs 280 and 300 per share, while CESC Ventures was trading between Rs 600 and Rs 650.
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The soft patch in earnings over the last decade has resulted in steady deterioration in the corporate profit-to-GDP ratio. India’s corporate profit-to-GDP ratio for companies on the the Nifty 500 index dropped to a 15-year low of 2.8 per cent in FY18 from 5.5 per cent in FY08 , according to a study by Motilal Oswal Financial Services.

For all

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DHFL Q3 profit falls 37% to Rs 314 crore
New Delhi: Housing finance company DHFL Friday reported a 36.7 per cent decline in its net profit to Rs 313.60 crore for the third quarter ended December 2018.

The Mumbai-based company had posted a net profit of Rs 495.44 crore in the third quarter of last fiscal.

However, total income rose to Rs 3,255.9 crore during the quarter, compared with Rs

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'BUY' or 'SELL' ideas from experts for Friday 25 January 2019
NEW DELHI: Domestic equity market is likely to open higher on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:33 am the SGX Nifty was 51 points or 0.47 per cent up at 10,937.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Manas Jaiswal of

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MUMBAI: Brokerages gave a thumbs-up to Yes Bank’s appointment of Ravneet Gill as managing director and chief executive officer as it removes uncertainty over succession. Almost 70 per cent of the analysts favour the stock, according to Bloomberg consensus ratings but many believe that overhang on the stock could remain even as the succession o
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Buy SRF, target Rs 2,150: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on SRF Ltd. with a target price of Rs 2150.0 . The current market price of SRF Ltd. is Rs 2094.4. Time period given by the analyst is Intra Day when SRF Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 2060. SRF Ltd., incorporated in 1970, is a midcap company
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The CBI FIR accuses ICICI Bank’s former CEO Chanda Kochhar of indulging in corruption in sanctioning loans to Videocon group of companies. Several private and public sector banks had sanctioned loans worth Rs 40,000 crore to the Videocon group. ICICI’s loans alone were worth Rs 3,250 crore, less than 10 per cent of the total banking system loans t
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MUMBAI: Zee and Essel group chairman Subhash Chandra on Friday evening issued a dramatic and unusual statement claiming that “negative forces” were trying to sabotage Zee Entertainment’s strategic sale, while acknowledging that he had committed mistakes. He apologised to his bankers, non-banking finance companies and mutual funds, after shares of g
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Buy Indian Bank, target Rs 265: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Indian Bank with a target price of Rs 265. The current market price of Indian Bank is Rs 256.1 Manas Jaiswal recommended to keep stoploss at Rs 250. Indian Bank, incorporated in 1907, has a market cap of Rs 12300.27 crore.

Indian Bank key Products/Revenue Segments include Interest -

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Stocks in the news: Maruti Suzuki, L T, Spencer's Retail, YES Bank, CESC Ventures, SBI and IndiGo
NEW DELHI: Nifty futures on the Singapore Exchange were trading 40 points, or 0.37 per cent, higher at 10,926, indicating a positive start for the Nifty50. Here are a few stocks, which may buzz the most in today's trade.

Maruti, L-T: Larsen - Toubro, Maruti Suzuki, DHFL, Gati, Gruh Finance, IOB, M-M Financial, Vakrangee, Nilkamal, V2

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