Edward Johnson 
Similarly, HDFC Bank has one of the best credit underwriting matrices in the system and consistently gained market share over a long period. The stock is trading at 2.2 times of its book value compared with the long-term average of 3.7. Synopsis Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis … Read more
Mumbai: 2024 begins on an easier note for several foreign portfolio investors (FPI) betting on India. Among the offshore funds who were put off by the onerous disclosure rules imposed by the Indian capital market regulator, some now have a leeway. A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman … Read more
New Delhi: Both private and government investments are likely to be the primary driver of economic growth in 2024, backed by improving prospects of rural consumption with easing of inflation and increased spending in an election year, economists said. “We expect a pickup in corporate capex when the Union budget is presented after the general … Read more
Mumbai: Most leading Dalal Street participants don’t see any need to tone down their enthusiasm on the stock market’s prospects in 2024 on the heels of the record-breaking run in the previous year. Indian equities are likely to scale new peaks in 2024, with the Nifty forecast to touch 23,500-25,000 levels, said a majority of … Read more
Most market participants consider the New Year to be another promising period for investors after bumper returns in 2023. But with the stock market at record levels and valuations considered rich, it will be crucial to hold stocks that are less vulnerable to sharp declines in the event of a reversal in the bullish momentum. … Read more
Mumbai: Bond forwards in sovereign debt, for which the Reserve Bank of India released draft directions last week, will help end a regulatory grey area and let banks and insurers cater to the trillions of rupees worth of retail demand for long-term investment products in a standardised manner. Introduction of bond forwards, which are derivative … Read more
Almost one million Australians will see an increase to their welfare support payments with the start of a new calendar year. More than 936,000 people receiving youth, student or carer support will see a 6 per cent boost to their payments with indexation taking effect from January 1. The payments’ routine indexation happens annually in … Read more
A record £2bn dividend payment to the owners of the telecoms firm Three sparked a row over the weekend as it was claimed that the huge payout showed the firm was profiteering and that its planned merger with Vodafone was “a clear attack on consumers”. The Unite union said the dividend paid to the Hong … Read more
China’s president, Xi Jinping, acknowledged in his new year’s message that “some enterprises had a tough time” in 2023 as data showed a weakening of factory production deepened this month, but he vowed to step up the pace of the economy’s recovery. Speaking on TV, Xi said: “Along the way, we are bound to encounter … Read more
What promised to be a romantic New Year’s Eve in Paris ended in tears and travel trauma for Sean Winterbottom and his partner, Amy. The couple were among about 30,000 passengers to have their Eurostar journey cancelled on Saturday because of a flooded tunnel under the Thames. “We were going to go for a flash … Read more
