Surging valuations of Indian stocks have left investors with few value-investing options, with retail-oriented private banks and firms catering to rural consumption among those that seem reasonable bets, a fund manager at Mirae Asset Investment Managers said. "There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana.
Open FlipApple was hit with an EU antitrust fine of over 1.8 billion euros ($1.95 billion) on Monday, its first-ever, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The European Commission's decision was triggered by a 2019 complaint by Swedish music streaming service Spotify over this restriction.
Open FlipThe S&P 500 and Nasdaq Composite recently hit their all-time highs as investors cheered the prospects of stabilizing interest rates. The market's insatiable appetite for high-growth AI stocks and a "fear of missing out" amplified those gains. As the bull market continues, it might seem difficult to find cheap stocks that still have a lot of upside potential.
Open FlipThe share of UPI in digital payments has reached close to 80 percent in 2023, Reserve Bank of India Governor Shaktikanta Das said on March 4. The governor was speaking at the RBI headquarters in Mumbai during the central bank’s Digital Payments Awareness Week program. "The flagship of our payment systems, the ‘UPI’, has become the most talked about fast payment system not only in India.
Open FlipThe S&P 500 has been hovering around its all-time high for the past few weeks, and the Nasdaq hit a fresh intraday high on March 1, surpassing even its lofty 2021 peak. To say the stock market has rebounded strongly from 2022's bear market would be an understatement. But this doesn't mean that there aren't some excellent opportunities to put money to work in the world of exchange-traded funds.
Open FlipJason Hall has positions in Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected.
Open FlipDuring the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.09% and the Nifty-50 Index up 0.12%. At the same time, the Nifty Mid-cap Index increased by 0.20%, whereas the Nifty Small-cap Index, finished the session down 0.51%. Nifty Financial Services Index and Nifty.
Open FlipMukka Proteins IPO subscription status: Mukka Proteins IPO continued to receive huge demand from investors on the third day as well.Mukka Proteins IPO subscription status is 136.89 times, at 17:12 IST, as per BSE data. On day 3, Mukka Proteins IPO retail investors portion has been subscribed 58.36 times, Non Institutional Investors (NII) portion is booked 250.26 times, and Qualified Institution.
Open FlipThe move to get companies to seek government permission before launching an AI product in the country has been heavily criticized by artificial intelligence experts, terming the March 1 advisory as “regressive” and one that will throttle innovation. Experts say the advisory and certain terms were used in the subsequent clarification by Minister of State for Electronics and Information Technology.
Open FlipDevelopers in Karnataka owe homebuyers more than Rs 486 crore in refunds for delayed delivery of apartments, a Karnataka Real Estate Regulatory Authority (KRERA) document accessed by Moneycontrol shows. The state revenue department has managed to complete 138 recoveries as of January 31, 2024, and 1110 recoveries are yet to be concluded.
Open FlipKoura Fine Diamond Jewelry Limited IPO: The initial public offer of Koura Fine Diamond Jewelry Limited opens for subscription on March 6, 2024, and closes on March 11, 2024. The company is offering up to 10,00,000 Equity Shares of face value of ₹10/- each fully paid up at a price of ₹55 per share. The minimum lot size for an application is 2000 Shares.
Open FlipThe world's greatest investors forged their own paths to achieve success. Warren Buffett used one-time textile manufacturer Berkshire Hathaway as a vehicle to build a huge conglomerate of diversified businesses. Ken Griffin formed hedge fund Citadel and employed multiple investing strategies to make a lot of money.But these two billionaire investors have some things in common.
Open FlipBy Davide Barbuscia and Shankar Ramakrishnan NEW YORK - Seemingly endless demand for U.S. top-rated corporate debt has created unease among some investors who think a selloff could be on the cards if liquidity conditions worsen later this year.Expectations of a benign outcome for the U.S. economy despite high interest rates have fuelled a search for yields and supported demand for credit.
Open FlipElectric vehicle (EV) maker Tesla is in talks with Thailand's government for a potential production facility in the country having conducted a site survey late last year, an official from the prime minister's office said on Monday. The Thai government has offered Tesla 100% green energy to run the facility that could produce EVs.
Open FlipThe Reserve Bank of India (RBI) Governor Shaktikanta Das on March 4 said the central bank has given approval to NPCI Bharat BillPay Ltd (NBBL) to launch interoperable payment system for internet banking to facilitate quicker settlement of funds for merchants. The Governor said the launch of this facility will be done this calendar year.
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