Tuesday, April 01
Mumbai: Monetary easing by global central banks across developed and emerging market economies has gathered pace since November 2024, when Donald Trump was elected president of the United States. The latest monetary easing by Bank of Indonesia, the first central bank to cut rates in Asia, has taken markets by surprise due to the weak Indonesian rupiah.Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.When India's monetary policy committee chaired by the Reserve Bank of India Governor will meet on February 5-7 to review policy rates, economists expect the central bank to prioritise injecting liquidity in the banking system over a rate cut.117381961Central banks in New Zealand and Sweden cut
Mumbai: Eighty-nine days in the UK. 119 days in India. The rest of the year in UAE or Bahrain. Come April, many UK-based Indian families-millionaires used to the British way of life as well as recent migrants-would split their stay to escape the new tax regime that is forcing them to rearrange their lives. Welcome to the world of "tax travellers".They are either persons of Indian origin (PIOs) holding British passports or NRIs who made the UK home. While the UK would very much remain a home, spotting second and third homes in a finely balanced residency plan (where to stay, for how long) is to avoid being tagged as UK 'tax resident'. This is achieved by spending less than 90 days in the UK.If they overstay and become 'residents' in the eyes of the British tax office, not only would their f
ET Intelligence Group: The initial trend in the October-December results season shows single-digit growth in aggregate revenue and net profit for the second consecutive quarter. Aggregate numbers were influenced by the performance of Reliance Industries (RIL), the country's largest company by revenue and market capitalisation, and by the top software exporters. The quarterly trend is expected to remain muted given the slack in consumer demand and lower government expenditure. For a common sample of 171 companies, revenue grew 7.7% year-on-year, while net profit rose 8.2%. This was against 6.4% sales growth and 5.1% profit rise in the previous year. Operating margins expanded to 20.4%, from 19.3% year-on-year, helped by the improved margins of RIL and the IT sector. RIL contributed 45% to a
Mumbai: Monetary easing by global central banks across developed and emerging market economies has gathered pace since November 2024, when Donald Trump was elected president of the United States. The latest monetary easing by Bank of Indonesia, the first central bank to cut rates in Asia, has taken markets by surprise due to the weak Indonesian rupiah.Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.When India's monetary policy committee chaired by the Reserve Bank of India Governor will meet on February 5-7 to review policy rates, economists expect the central bank to prioritise injecting liquidity in the banking system over a rate cut.117381961Central banks in New Zealand and Sweden cut
Mumbai: On June 10 last year, Nvidia, the chipmaker and the world's most valuable company, executed a 10-for-1 stock split when its shares were trading at $1,224 (over ₹1 lakh in Indian currency). Since then, a record 110 Indian companies have rushed to announce stock splits, with some stocks trading as low as ₹1.Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.Between 2010 and 2020, an average of 48 companies per year opted for stock splits. However, in 2024, a record 152 companies announced stock splits, compared to 83 companies in 2023, 103 in 2022, and 82 in 2021. Interestingl
Technical charts and options data point to a weak market this week, with Nifty expected to trade between 22,800 and 23,800. Despite this, select stocks are displaying strong momentum and could sustain their upward trend, according to analysts. Stocks like SBI Life, HDFC Life, SRF, Navin Fluorine, Biocon, Marico, Bharti Airtel, HAL, Deepak Fertilizers, Tata Motors, TCS, and Bajaj FinServ present favorable risk-reward setups on the charts, said analysts. 117382009ROHAN SHAHTECHNICAL ANALYST, ASIT C MEHTA INVESTMENTWhere is Nifty headed? We expect the weakness in Nifty to persist, due to the lack of leadership from heavyweight sectors such as Bank Nifty and IT, alongside the prevailing weak market sentiment. The recent price action indicates a breakdown below the critical support zone of 23,
