Sandip Sabharwal, asksandipsabharwal.com, says globally the declining cycle is stalling and so the easing cycle also might be postponed. Markets are fairly priced. They have factored in a lot of positives and to that extent, significant upside on the broader indices side looks tougher. It is a stock by stock approach now. Sabharwal also says … Read more
The platinum arm of Anglo American is to cut 3,700 jobs in South Africa as the British mining company attempts to improve performance in the troubled division. Anglo American Platinum (Amplats) said on Monday it aimed to cut jobs after a sharp drop in platinum metal prices, which had led to a collapse in profits … Read more
Indian stock exchanges BSE and NSE recorded the launch of as many as 92 initial public offerings (IPOs) in the quarter ended December, which catapulted them as global leaders in the primary market category in 2023. Of the 92 IPOs, 31 were main-board while the remaining 61 were from the small and medium enterprises (SMEs), … Read more
Actress and singer Bridgit Mendler attends NBCUniversal’s after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills, California, on Jan. 11, 2015. Paul Archuleta | Filmmagic | Getty Images Bridgit Mendler is no stranger to reaching millions of people â now she wants to change how satellite data … Read more
It may charge nearly £700 for its most expensive steak but even flamboyant condiment-sprinkling chef Salt Baeâs London restaurant has been forced to turn off the heating amid soaring energy bills. Nusr-Et Steakhouse, the outlet at the Park Tower hotel in Knightsbridge known for expensive dishes such as £680 wagyu striploin or £630 giant tomahawk … Read more
Indian market closed in the green for the fifth consecutive day on Monday, tracking positive global cues. The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 22,100 levels. Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure. … Read more
Market returns and flows are always a function of earnings growth and the strong show by corporate India so far in the current financial year has made foreign investors fall in love with Dalal Street. Atleast 31 companies that have reported a double-digit earnings growth for three quarters in a row saw consistent rise in … Read more
The worldâs five largest listed oil companies have made profits of more than a quarter of a trillion dollars since Russiaâs invasion of Ukraine led to dramatic increases in energy prices and household bills. The âsuper-majorsâ â BP, Shell, Chevron, ExxonMobil and TotalEnergies â have made $281bn (£223bn) since the war began in February 2022, … Read more
Yulia Navalnaya, widow of Russian opposition leader Alexei Navalny, said in a video message on Monday that she would continue the work of her husband and fight for a free Russia. “I want to live in a free Russia, I want to build a free Russia,” Navalnaya said in a video message entitled “I will … Read more
A Chinese e-commerce company has said it is considering making an offer for Currys, sending the electronics retailer’s shares soaring amid hopes of a bidding war with private equity investor Elliott. The share price of Currys surged by a third on Monday morning after JD.com revealed it was “in the very preliminary stages” of a … Read more
