Shailesh Chaturvedi, MD & CEO, Arvind Fashions, says “the markets are behaving the way they were behaving in Q3 and we hope that we will continue to grow our offline channel at close to 10% growth. We have done a destocking in our B2B online wholesale business and that has led to a one-time sales … Read more
Ukraine has called for frozen Russian assets to be used to rebuild the country’s war-ravaged economy after a report showed the cost of reconstruction spiralling to almost $500bn since the invasion two years ago. In their third assessment of the likely price tag for recovery and reconstruction, the World Bank, Ukraine’s government, the European Commission … Read more
President Vladimir Putin said Wednesday that Russia would prefer to see President Joe Biden win a second term, describing him as more experienced than Donald Trump Speaking in an interview with a correspondent from Russian state television, Putin declared that he will work with any US leader who is elected, but noted that he would … Read more
In the end it wasn’t really that close. The UK economy is now technically in recession after contracting by 0.3% in the final three months of 2023. The official data brings to an end a miserable year for the UK. Growth in 2023 as a whole was just 0.1% – the weakest performance outside the … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
Cannabis sativa, the plant of the thousand and one molecules, has a long and expansive reputation â as a folk medicine, a source of textile fibre for clothes, for making rope or plugging holes in ships. But now cannabis â or specifically its non-psychoactive variant, hemp â is being touted for something greater still: building … Read more
Three equity mutual fund schemes have managed to multiply lumpsum investments by more than 10 times in 10 years, an analysis by ETMutualFunds showed. There were around 146 equity schemes that have completed 10 years in the market. Nippon India Small Cap Fund, the largest scheme in the small cap category based on assets managed, … Read more
UK FALLS INTO TECHNICAL RECESSION Newsflash: Britain has fallen into a technical recession. Around a year on from Rishi Sunakâs pledge to âgrow the economyâ, data just released by the Office for National Statistics shows that it contracted in the final three months of 2023. UK GDP fell by 0.3% in the October-December quarter, the … Read more
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Crompton Greaves Consumer and an overweight rating on Bharat Forge. Jefferies recommended a hold rating on M&M and BofA Securities recommended a buy on Gland Pharma. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on … Read more
Shares of Mahindra & Mahindra (M&M) on Thursday jumped over 4% to the day’s high of Rs 1,725.95 on BSE after brokerages raised their target prices as better than expected average selling prices (ASP) were offset by weaker gross margins in the Q3 results. During the December quarter, Mahindra’s revenue growth was driven by volume … Read more
