Share market update: FMCG stocks trade mixed;Jubilant Foodworks up 3%
NEW DELHI: The Nifty FMCG index was trading 0.36 per cent up at 28,726.1 around 11:38 am on Friday with its components trading on a mixed note. Shares of Jubilant Foodworks (up 3.39 per cent), ColgatePalmolive (India) (up 1.36 per cent), ITC (up 0.77 per cent) and Hindustan Unilever (up 0.66 per cent), were the top gainers in the index.

Emami

Write comment (90 Comments)
How to hire a mutual fund adviser
With market volatility on the rise, many investors want professional help in choosing the right product. It may make sense to choose a financial adviser who can help you with asset allocation, invest as per your time horizon and help you choose products . ET gives a lowdown on the checklist when choosing a financial adviser

What is the background

Write comment (96 Comments)
Wall Street falls as investors eye a united hawkish Fed
NEW YORK: Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.

The S-P 500 zigzagged furiously between positive and negative territory after

Write comment (94 Comments)
It is a good time for the government to kick its bad habit
Governments come and go, but one thing remains a constant – their love for tobacco. Irrespective of who rules, the industry is among the heavily taxed and thanks to human frailties it remains an exception to the law of demand. The arguments for taxing it ranges from being a deterrent to filling the coffers.

So far so good.

But how can governments

Write comment (90 Comments)
Are the battered midand small-cap shares a steal That’s what some fund managers feel after the sharp dip in these shares in the last few months. They are recommending investors to spread across the purchases of these shares over the next year or so or start a Systematic Investment Plan (SIP) in a small and mid-cap equity scheme.

The relatively

Write comment (91 Comments)
ET Intelligence Group: Reliance Industries, India’s largest private sector by profit, is likely to outperform given its core business segment—refining and petrochemical— stayed steady for the September quarter meeting street expectations while robust growth of the consumer-facing business—retail and RJio— would boost the stock.

In the September

Write comment (98 Comments)
Share market update: Bank shares dip; YES Bank slumps around 6%
NEW DELHI: Most bank shares were trading in negative terrain with the Nifty Bank trading 0.47 per cent down at 25,071.0 around 11:24 am on Friday.

Shares of YES Bank (down 5.56 per cent), RBL Bank (down 4.15 per cent), IDFC Bank (down 1.71 per cent), Axis Bank (down 1.05 per cent) and IndusInd Bank (down 0.84 per cent)were among the top losers in

Write comment (96 Comments)
MUMBAI: Tata Group, the country's largest business conglomerate, has held preliminary talks to buy a large stake in the struggling Jet Airways, people aware of the matter have told TOI.

The Naresh Goyal-founded Jet, which has delayed salaries to pilots and is staring at default on payments, has sought an equity collaboration. But Tata Sons, the

Write comment (90 Comments)
MUMBAI: A fall in housing finance and real estate stocks sparked a broader market-wide selloff on Wednesday as worries over the liquidity position of home loan companies re-emerged after New Delhi-based Supertech builder defaulted.

The benchmark Sensex and the Nifty fell with the Sensex dropping 383 points, or 1.1 per cent, to 34,779.58 while the

Write comment (99 Comments)
Share market update: Nifty Auto index down 2%: Exide Industries shares in red
NEW DELHI: The Nifty Auto index was trading 1.8 per cent down at 8,675.8 around 11:07 am on Friday with all of its components trading in red.

Shares of Exide Industries (down 3.65 per cent), Tata Motors (DVR) (down 3.54 per cent), TVS Motor Company (down 3.40 per cent), Hero MotoCorp (down 2.90 per cent), Tata Motors (down 2.86 per cent),

Write comment (91 Comments)
MUMBAI: DCB Bank reported a net profit of Rs 73 crore for the quarter ended September 2018 up 25 per cent compared to Rs 59 crore reported a year ago. Profit was driven by a 27 per cent growth in net advances due to high demand for mortgages and rural loans.

The bank’s advances increased to Rs 22,069 crore from Rs 17,395 crore a year earlier r

Write comment (96 Comments)
RIL gives open offer to Den Networks and Hathway shareholders
Reliance Industries Limited through its subsidiaries has launched open offers to shareholders of cable and broadband services companies Den Network and Hathway Cable and its subsidiaries, according to regulatory filings.

RIL through its subsidiaries Jio Content Distribution Holdings Private Limited, Jio Internet Distribution Holdings Private

Write comment (100 Comments)
Top 5 stocks that can give up to 100% returns
Graphite IndiaThe electrode maker’s earnings are expected to reach a record $5.1 billion this year — up from $1.5 billion in 2017. This strong turnaround comes after three years of straight losses. Graphite India is the largest producer in India and is trading at just 5 times 1-year forward P/E, making it the cheapest GE producer globally. Ana

Write comment (92 Comments)
Prudent or not, emerging markets can&t avoid pain
You can do the right thing and still be punished, at least for a while.

When most of the big powers are tightening the reins, emergingmarket economies are going to suffer. It’s true for the frugal nations as well as the profligate. In the short term, global factors and broader capital market tides always matter more than national discipline.

The

Write comment (98 Comments)
Telcos& Q2 earnings forecast
telcos: Telcos’ Q2 earnings forecast - The TheIndianSubcontinent

Never miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot now

You can switch off notifications anytime using browser settings.

News

DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

Returns

Write comment (100 Comments)
By Bhuma Shrivastava

Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart -- to more than $40 billion apart.

Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate R

Write comment (93 Comments)
Most brokerages maintained positive stance on India's second largest IT services provider Infosys after its second quarter result. They were enthused by Infosys' large deal wins and positive revenue growth even as margins disappointed. CLSA, Jefferies, Antique Stock Broking, JM Financial, SBICAP Securities, Sharekhan and Motilal Oswal maintained

Write comment (97 Comments)

In the Satyam Computer system fraud, Sebi Tuesday passed a partially-modified order relative to the duration of debarment from safety and securities market as well as disgorgement of unlawful gains made by 3 authorities of the quondam IT firm. The most up to date instructions relate to 3 authorities-- Vadlamani Srinivas (ex-CFO), G Ramakrishna (ex-vice president) and VS.

Write comment (92 Comments)
ACC tanks 8% on Q3 earnings
NEW DELHI: Shares of ACC dropped over 8 per cent in Friday’s trade after the cement maker reported less-than-expected results for September quarter on Wednesday.

“ACC’s inability to increase prices despite robust volume trend and spiralling costs is disheartening,” Edelweiss Securities said.

The stock fell 8.2 per cent to hit a low of Rs 1,413 on

Write comment (100 Comments)
SAT quashes Price Waterhouse plea in Satyam audit fraud case
By Pavan BurugulaMUMBAI: The Securities Appellate Tribunal (SAT) on Wednesday dismissed an appeal by global audit firm Price Waterhouse (PW) against an order by the Securities and Exchange Board of India (Sebi) in the Satyam Computer Services case. The verdict upholds the capital market regulator’s two-year ban on the audit firm’s business in the c

Write comment (93 Comments)
How top borrowers are bringing life to market
MUMBAI: Reliance Industries, HDFC, and LIC Housing Finance have together raised about Rs 7,000 crore in domestic debt sales over the past few days, signalling a tentative revival in the bond market that was recently rattled by rising yields.

Three people with direct knowledge of the market transactions told ET that the sales came after the recent

Write comment (100 Comments)
After touching decade highs, power prices have more than halved in the spot market in early October in anticipation of better coal production and supply post monsoon. Average daily price in the spot market on Thursday fell to Rs 4.25 per unit from an average daily price of Rs 8.95 on October 9, IEX data showed.

In early October the price peaked to

Write comment (92 Comments)
Dollar at 1 week high after hawkish Fed minutes; Asia stocks capped
TOKYO: Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve's latest meeting showed broad agreement among board members on the need to raise borrowing costs further.

The spectre of rising US dollar yields, which along with global trade tensions were at the centre of last

Write comment (98 Comments)
IIFL Home Fin raises Rs 1,400 crore from NHB and SBI
MUMBAI: IIFL Home Finance, a subsidiary of IIFL Holdings, raised about Rs 1,400 crore from the National Housing Bank and the State Bank of India, signalling the credit squeeze might be beginning to ease two persons familiar with the matter said.

IIFL Home Finance availed a refinancing facility from the NHB for Rs 1,000 crore while the country’s l

Write comment (94 Comments)
William O&Neil bets on algos to deepen India play
Equity research firm William O’Neil plans to focus on algorithms to deepen its presence in India. The firm, which started operations in the country in November 2013, sees strong potential in the Indian markets — both in the longterm and the short-term.

“We definitely feel that Indian markets have a lot of potential, both in the shortterm and l

Write comment (94 Comments)
Indian markets closed, Asian stocks capped
NEW DELHI: Indian equity, forex, money and commodity markets are closed on Thursday on account of Dussehra.

Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing costs further, R

Write comment (96 Comments)
The domestic equity market on Tuesday extended its pullback rally of the last three sessions. The NSE benchmark Nifty after making a positive start, spent the rest of the session within a 60-point range amid fall in volatility.

After oscillating in a defined and a capped range, the index settled with a gain of 72.25 points or 0.69 per cent.

The

Write comment (98 Comments)
Why a $1-trillion fund is getting less bullish
For years, Jim McDonald has stuck to a bullish stance on financial assets, holding fast through market routs such as the one in February.

Now, amid a less severe sell-off that may well be over, the chief investment strategist at Northern Trust saw a catalyst to go defensive — a more hawkish Federal Reserve. This month, the $1 trillion manager cut e

Write comment (95 Comments)
What the Fed minutes didn't say is what matters
By John AuthersFew writers make as concerted an effort to be as dull as possible as the scribes at the Federal Reserve who pull together the published minutes of the central bank’s monetary policy meetings. In general, the minutes are extremely uninteresting. But that’s because they are meant to be uninteresting. The entire point of Fed com

Write comment (95 Comments)
Edelweiss Infra-backed Sekura buys Esselfour Power Transmission Projects for $800 million
Mumbai: Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus (EIYP) fund, will acquire two operating power transmission assets from Essel Infraprojects Ltd- namely Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited.

Sekura is also set to acquire Warora-Kurnool Transmission Limited and NRSS XXXVI

Write comment (100 Comments)