U.s : St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated.
That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets. The committee's median outlook was for up to two hikes in 2023, after indicating in March that saw no increases on the horizon.
That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets. The committee's median outlook was for up to two hikes in 2023, after indicating in March that saw no increases on the horizon.
Ex-central banker warns of financial instability risks in India
https://economictimes.indiatimes.com/markets/stocks/news/ex-central-banker-warns-of-financial-instability-risks-in-india/articleshow/83635031.cms
https://economictimes.indiatimes.com/markets/stocks/news/ex-central-banker-warns-of-financial-instability-risks-in-india/articleshow/83635031.cms
The Economic Times
Ex-central banker warns of financial instability risks in India
Rakesh Mohan, who served as deputy governor of the Reserve Bank of India twice between 2002 and 2009, said loan growth has mostly been sluggish in the economy despite the RBIs recent measures to boost flow of bank credit.
Rule of land supreme, not your policy: Parliamentary panel on information technology to Twitter
https://economictimes.indiatimes.com/news/india/rule-of-land-supreme-not-your-policy-parliamentary-panel-on-information-technology-to-twitter/articleshow/83639604.cms
https://economictimes.indiatimes.com/news/india/rule-of-land-supreme-not-your-policy-parliamentary-panel-on-information-technology-to-twitter/articleshow/83639604.cms
The Economic Times
Rule of land supreme, not your policy: Parliamentary panel on information technology to Twitter
According to sources, members of the Parliamentary Panel on Information Technology also asked Twitter why it should not be fined as it has been found "violating" rules of the country.
Good Morning to all the dear members and my colleagues
In Markets every day we are witnessing consolidation in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O. There are concerns towards which side the market will show its move
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In Markets every day we are witnessing consolidation in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O. There are concerns towards which side the market will show its move
It's time now to Join Market Wizard Premium Group and also Renew your Membership to avail super gains.
All the members and colleagues who want to continue to be a part of our Premium Family or want to become a part of our Premium Family can do so , by renewing their membership.We have started accepting payment for the month of June and it will be solely on FIRST COME FIRST SERVE BASIS.
All those who make payment between 17th June to 23rd June, will be added on Evening of 23rd June, so that they can get benefit of 1 week extra calls.
Existing members you'll can renew your membership ASAP.
Monthly - 1k
Quarterly - 3k
Yearly - 10k
New members and existing members who make payment and send screenshots after the month end, shall have to compulsorily opt for quarterly or yearly.Monthly membership option is available only if payment is made before month end along with screenshot sent to any of the admins.
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To avail the paid services of our group , everyone needs to do the following set of activities :
1) Everyone needs to fill in the Google Forms with the correct and accueate details.The form needs to be read carefully and then give upon your consent.
2)Pay us the fees of Rs.1000 each month either through Google Pay or Bank Transfers(details of payment are attached in the Google Form)
3) Upon completion of payment , take a screenshot of the acknowledgement and send it to us.It can be sent to the admin on the following numbers on the WhatsApp or Telegram :
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MARKET WIZARD NEWSLETTER ISSUE 15.pdf
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MARKET WIZARD NEWSLETTER ISSUE 15
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Rattan India Q4 : Net Profit of Rs 39 cr Against Rs 511 cr Loss last year
Revenue Up 193 % to Rs 862 cr
Birla Cable Q4 : Net Profit of Rs 6.32 cr Against Rs 9 lkh last year
Revenue Up 100 % to Rs 118 cr
Revathy Equipment Q4 ; Net loss Of Rs 1.37 cr against Rs 8 cr Profit last year
Revenue Up 30 % to Rs 60 cr
Revenue Up 193 % to Rs 862 cr
Birla Cable Q4 : Net Profit of Rs 6.32 cr Against Rs 9 lkh last year
Revenue Up 100 % to Rs 118 cr
Revathy Equipment Q4 ; Net loss Of Rs 1.37 cr against Rs 8 cr Profit last year
Revenue Up 30 % to Rs 60 cr
The situation is so grim that North Korean farmers were reportedly asked to contribute 2 litres of their urine every day to help produce fertilizer. #NorthKorea #FoodCrisis
https://www.cnbctv18.com/world/north-korea-food-crisis-a-kg-of-bananas-costs-rs-3336-black-tea-at-rs-5167-kim-jong-un-calls-situation-tense-9713821.htm?utm_source=telegramapp&utm_medium=social&utm_campaign=telegram
https://www.cnbctv18.com/world/north-korea-food-crisis-a-kg-of-bananas-costs-rs-3336-black-tea-at-rs-5167-kim-jong-un-calls-situation-tense-9713821.htm?utm_source=telegramapp&utm_medium=social&utm_campaign=telegram
Cnbctv18
North Korea food crisis: A kg of bananas at Rs 3,336, Black Tea at Rs 5,167; Kim Jong-un calls situation 'tense'
"The people's food situation is now getting tense," Kim Jong-un said during a recent meeting with the central committee of the ruling Workers’ Party. The situation is so grim that North Korean farmers were reportedly asked to contribute 2 litres of their…
*Nava Bharat Ventures Q4FY21 (Consolidated, QoQ)*
Revenue up 4% at Rs 688.66 crore Vs Rs 660.12 crore
Net profit down 1% at Rs 159.41 crore Vs Rs 161.78 crore
Ebitda down 5% at Rs 260.22 crore Vs Rs 272.99 crore
Ebitda margin at 37.8% Vs 41.4%
View: Result is below expectation in all parameters. Share support 100
Revenue up 4% at Rs 688.66 crore Vs Rs 660.12 crore
Net profit down 1% at Rs 159.41 crore Vs Rs 161.78 crore
Ebitda down 5% at Rs 260.22 crore Vs Rs 272.99 crore
Ebitda margin at 37.8% Vs 41.4%
View: Result is below expectation in all parameters. Share support 100
*Tube Investments of India Q4FY21 (Consolidated, QoQ)*
Revenue up 61% at Rs 2,732.82 crore Vs Rs 1,699.99 crore
Net profit up 34% at Rs 143.84 crore Vs Rs 107.35 crore
Ebitda up 14% at Rs 263.44 crore Vs Rs 230.56 crore
Ebitda margin at 9.6% Vs 13.6%
Recommended a final dividend of Rs 1.50 per share To raise Rs 200 crore by way of issue of privately placed secured NCDs
View: Result is overall good, however margin contracted due to higher cost.
Revenue up 61% at Rs 2,732.82 crore Vs Rs 1,699.99 crore
Net profit up 34% at Rs 143.84 crore Vs Rs 107.35 crore
Ebitda up 14% at Rs 263.44 crore Vs Rs 230.56 crore
Ebitda margin at 9.6% Vs 13.6%
Recommended a final dividend of Rs 1.50 per share To raise Rs 200 crore by way of issue of privately placed secured NCDs
View: Result is overall good, however margin contracted due to higher cost.
*Datamatics Global Services: To complete the acquisition of 49.50% stake in Cybercom Datamatics Information Solutions by September 30*
Nazara Technologies Slips After CLSA's Sell Call
Shares of the Rakesh Jhunjhunwala-backed firm fell as much as 5.9% after CLSA initiated coverage on the stock with a 'sell' rating and a target price of Rs 1,095, implying a potential downside of 34%.
The brokerage firm cited e-sports still being a niche nascent market in India and the expected intensification of competition from the likes of Jio Games, MPL, Paytm First Games and Dream 11 in the gaming sector as reasons for its bearish rating.
In its report, CLSA added that Nazara's stock valuation is expensive and carries a "hefty scarcity premium of 3x to CLSA’s India coverage".
Shares of the Rakesh Jhunjhunwala-backed firm fell as much as 5.9% after CLSA initiated coverage on the stock with a 'sell' rating and a target price of Rs 1,095, implying a potential downside of 34%.
The brokerage firm cited e-sports still being a niche nascent market in India and the expected intensification of competition from the likes of Jio Games, MPL, Paytm First Games and Dream 11 in the gaming sector as reasons for its bearish rating.
In its report, CLSA added that Nazara's stock valuation is expensive and carries a "hefty scarcity premium of 3x to CLSA’s India coverage".
*Praj Industries' Shishir Joshipura believes that the company has exhibited 'power of resilience' over the years. He says, "It has taken 35+ years of commitment, teamwork, and passion to grow company and that the pandemic has forced resilience in human race." However, there is a need to take actions to reduce emission footprint, bio-fuels will address clean house gas emission. He also talks about the ethanol blending target being brought forward much, says that it was a much-needed move! "Every country must find ways to best utilise technology.Tech can enable preserving natural resources, The sugar waste must be utilised for other purposes and there is a need to address issue to use residue waste, and a need for sustainable eco-system to overcome policy hurdles*
Vodafone Idea : sources says Co. planning for QIP of Rs 5000- 7000
Possibly May Get FDI aporoval From telcome ministry
Possibly May Get FDI aporoval From telcome ministry
Religare plans Rs.2,000-Cr IPO for health insurance arm Care
Publicly listed Religare Enterprises (REL) is considering an initial public offer (IPO) of up to INR 2,000 crore for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares. REL is in talks with investment banks for the proposed listing and the IPO may be launched around the end of this fiscal.
REL owns an around 70% stake in the firm while Kedara Capital has around 18% stake.
Publicly listed Religare Enterprises (REL) is considering an initial public offer (IPO) of up to INR 2,000 crore for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares. REL is in talks with investment banks for the proposed listing and the IPO may be launched around the end of this fiscal.
REL owns an around 70% stake in the firm while Kedara Capital has around 18% stake.