“Regarding India, there are concerns in the markets that portfolio rebalancing could favor undervalued Chinese stocks, contributing to some hesitation in price movements,” says Radhika Rao, DBS Bank. My opening statement was framed as a question to you. We have seen a stimulus blitz take place in China, which was much needed to revive the … Read more
Thames Water and other failing water companies should be placed into special administration to allow the government to tackle much-needed reforms to the industry, campaigners say. Triggering special administration would put Thames and other failing companies in government control, removing company directors and ending the dividends paid to shareholders. The companies could then be transferred … Read more
A Melbourne man who started a side hustle to make some extra cash is now a millionaire at just 25 years old. Vinul Karunaratne arrived in Australia from Sri Lanka nine years ago with barely any money and started studying and working the nightshift at a 7-Eleven. In 2019, armed with a couple of items, … Read more
George Thomas, Equity Fund Manager, Quantum AMC, says incrementally, things should look better from where we are today. We are more positioned towards IT largecap names which would benefit in large end-to-end integration deals. Some of the IT mid and smallcap stocks have been factoring too much of positive news and valuations are slightly on … Read more
The boss of Britain’s biggest bakery chain, Greggs, has said it has no plans for further price rises this year, as it reported a slowdown in sales in recent months. Its chief executive, Roisin Currie, said the company planned to hold its prices, as cost inflation is now expected to come in at the bottom … Read more
“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
The British handbag maker Mulberry has rejected an £83m takeover proposal from Mike Ashley’s Frasers Group as too low, insisting instead that it would push on with a planned fundraising to fund a turnaround. The luxury brand said it had considered the approach carefully and consulted its 56.1% majority shareholder Challice, controlled by the Singaporean … Read more
“All this are clearly putting a spanner on consumption growth. So, consumption growth, which is another core pillar in the last three-four quarters, I think, we do not see any legs for us to surprise positively as we move ahead, especially when it comes to urban consumption demand drivers are concerned,” says Vijayaraghavan Swaminathan, Avendus … Read more
Introduction: Energy price cap rises today Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s October, which means the nights are drawing in, the temperature is dropping, and arguments can begin about when to turn the heating on. But flicking the boiler on has just become … Read more
Tax authorities will not accept any new investigation for anti profiteering cases under goods and services tax (GST) from the next financial year (2025-26). The centre on Tuesday notified April 1, 2025 as a cut off date after which no new anti-profiteering investigations will be accepted, giving the business the autonomy to set prices for … Read more
