A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment." "India's second half of 2020 rebound also took GDP back above its pre-pandemic level and we have revised up our 2021-2022 forecast to 12.8 per cent from 11.0 per cent," it said. "Nevertheless, we expect the level of Indian GDP to remain well below our pre-pandemic forecast trajectory."
'There is a difference where we want to be in the Champions League, but when you're a club like Manchester United, there's a need to be in the Champions League'
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
'Stick to FDs of shorter tenures, preferably one-two years.'
Mithali spoke about her first interaction with him, the influence he had on her batting
'India seems to be on a relatively better wicket compared to other emerging markets.'
Salman Khan is so neck deep in his formulaic rut that the only way he knows out is to dole out some more of the bunk. Except now, the swagger has traded places with desperation, notes Sukanya Verma.
It took Giroud, who owed his place in the starting lineup to Benzema's absence, 115 international appearances to score his 51 goals, while Henry needed 123 from 1997-2010.
The global agricultural production growth is expected to be low at 1.7 per cent annually during 2011-20 as compared to 2.6 per cent in the previous decade, due to lower growth in oilseeds and cereals, an agri survey said.
This time, the global appetite for risk is in favour of India.
IMAGES from the Women's T20 World Cup 2nd semi-final between South Africa and England in Cape Town on Friday.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
'I've been tagged as a Punchnama girl, where I break everyone's hearts. I wanted to be a heroine in that film but what did they make me?'
Delay in the recovery in earnings has led Macquarie, Barclays and Ambit to downgrade Indian shares over the last few days.
'The Centre has brought an ordinance on triple talaq. Its duration is of six months. If it is made into a law, then we will challenge this in the Supreme Court.'
India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI.
According to the Central Pollution Control Board's mobile application SAMEER, the city recorded an air quality index of 168, which falls in the 'moderate' category, much better than Monday's AQI of 221, which falls in the 'poor' category.
AB is a cricketer like none other, says Dhruv Munjal, adored by Indian fans just as they did Sachin Tendulkar. 'His name chanted by thousands of otherwise ridiculously partisan fans at stadiums across India.'
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
The new season of The Crown is a bit of a dreary watch, observes Deepa Gehlot.
According to Knight Frank Research, 1.07 million sq ft of office space was transacted in Q4 FY13, thus showing a fall of 11 per cent compared to the same quarter last year.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
Thanks to rupee depreciation, India has a chance to fundamentally rework its stifled manufacturing sector.
The film bears its weight largely on Mohanlal's shoulders who mostly looks tired and old as he delivers his flat, unmemorable lines trying to look passionate, observes Divya Nair.
In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.
The market for vinyl collapsed with the advent of CDs in 1982. But LPs, as they were fondly called, have made a comeback in the past ten years, with certain editions costing quite a packet
It was in November 2020 that Shraddha Walkar first confided about the physical assault from Aaftab Amin Poonawala, recalls a former colleague, adding that she was about to approach the police but stopped short of pressing charges after Aaftab's parents intervened.
Benchmark equity indices Sensex and Nifty on Tuesday spurted by over 2.5 per cent to log their best single-day gains in three months, propelled by heavy buying in metal, energy and banking stocks amid a global rally in stocks. The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing with gains. During the day, it jumped 1,425.58 points or 2.69 per cent to 54,399.42. The broader NSE Nifty rallied 417 points or 2.63 per cent to finish at 16,259.30 points.
IMAGES from the English Premier League matches played on Wednesday.
Gold, which lost its sheen to some extent in the second half of 2021, is likely to regain the glitter in the New Year and cross the Rs 55,000-per-10-grams level amid pandemic woes, inflation worries and stronger US dollar. After a stellar run up in 2020 when the yellow metal touched a record high of Rs 56,200 on the MCX in August, the prices are near Rs 48,000 per 10 grams now. This is roughly 14 per cent lower from the all-time highs and 4 per cent lesser compared to January 2021 levels.
Summary of sports events and persons who made news on Thursday
Samsung's smartphone shipment to India may fall short of target by 4 million units in 2016, hit by global recall and halt in production of its flagship Note 7 smartphone, research firm CMR said on Friday.
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
A summary of sports events and persons who made news on Tuesday.
The counting of votes for the high-stakes assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur will begin at 8 am.
'This is a good time to restructure your portfolio because the sectors and stocks that performed in the last bull market may not perform as much now.'
Joginder Tuteja looks at the big hits scored, and presents his half-yearly report.
