Mumbai: The price-earnings ratio (PE), a popular indicator of stock or index valuations, for the benchmark Nifty has dropped 33% in the past three years even as the index surged 52% in this period. Analysts said the decline in valuations is on account of strong growth in earnings. The Nifty’s PE ratio, based on trailing … Read more
Mumbai: Shares of BSE plunged over 13% on Monday, as the Securities and Exchange Board of India’s increase in regulatory fee for the bourse soured investor sentiment. Analysts said the move is expected to impact BSE’s earnings and any attempts to protect profitability could erode its competitive advantage over bigger rival NSE,but share declines from … Read more
Mumbai: Investors bullish on India’s manufacturing story could consider putting money in HDFC Asset Management’s Manufacturing Fund; but the investment should be spread across 12 months, said financial planners. While investors must avoid putting in lump sum money at this jucture, first-timers could skip this fund launch. The NFO of HDFC Manufacturing Fund, managed by … Read more
The Securities and Exchange Board of India(Sebi) Monday directed NSE to appoint a valuer to carry out the valuation of related party transactions entered into between Linde India and Praxair India, following complaints from minority shareholders. NSE has to share the valuation report with Sebi and the company. Within two weeks of receiving the valuation … Read more
Mumbai: Aditya Birla Group’s UltraTech Cement, Sajjan Jindal-promoted JSW Cement, and Lakshmi Mittal-promoted ArcelorMittal are among a dozen companies vying to acquire Vadraj Cement, formerly owned by ABG Shipyard, having secured creditors’ debt of about ₹8,000 crore, said people with knowledge of the matter. Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital … Read more
Mumbai: With the market capitalisation of ICICI Bank crossing ₹8 lakh crore for the first time on Monday, the gap in market value between the two major private sector lenders, HDFC and ICICI, has nearly halved since July. Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was … Read more
Average private rents in Great Britain have risen to record highs, with annual rental growth in hotspot locations such as Reading and Coventry running at almost 20%. Data from the property website Rightmove shows that the average advertised rent outside London climbed to a record £1,291 a calendar month in the first quarter of 2024. … Read more
Jonathan Raa | Nurphoto | Getty Images A federal judge in New Jersey on Monday rejected Johnson & Johnson and Bristol Myers Squibb‘s legal challenges to the Biden administration’s Medicare drug price negotiations, ruling that the program is constitutional. The decision is another win for the Biden administration in a bitter legal fight with several … Read more
For 18 years, Liu Yau-li has been bringing tourists to China. In that time she’s seen the full evolution of China’s digital payment system. Twenty years ago, she says, everyone used cash. But today it’s not unusual to find places that can’t or won’t accept cash at all, particularly after the pandemic when much of … Read more
By the time of the European parliament elections in June, this year’s rightward drift in European politics will have turned into a tidal wave. Ultra-nationalist demagogues and populist-nationalists are now leading the polls in Italy, the Netherlands, France, Austria, Hungary and Slovakia, and running second in Germany and Sweden. There are two hard-right groupings in … Read more
