Share prices becoming more attractive, Nifty in consolidation for long term bull market; right time to buy?
With the passing of the fiscal third quarter results season, the corporate earnings growth has put the benchmark NSE Nifty 50 in a more acceptable place for investors looking to accumulate. While investors must watch out for some earnings downgrade for the next year FY24, historical valuation shows that 17,000-17,400 range on Nifty would be good to add exposure, Sahil Kapoor, Market Strategist and Products Head, DSP Mutual Fund, said in an interview with FinancialExpress.com. Read on to see how Q3 results have influenced share market valuations.
RBI MPC’s divide widens; who is dovish, who is hawkish, what they said, and what did they agree on
The February RBI MPC meeting saw the divide between the members of the committee getting more prominent, as seen in the 4-2 split decision on the 25 bps rate hike announced earlier this month and the continued ‘withdrawal of accommodation’ stance. The disparity in views came as the members debated the trade-off between growth and inflation, with the dovish members voting for a pause and hawkish members voting for the hike. As the members seemed to solidify their stances further, experts sought to predict how their perspectives would affect future monetary policy decisions.
Adani investment approved in Sri Lanka; nod for scandal-hit group’s $442-million wind power plants
Sri Lanka’s Board of Investment on Thursday approved two wind power plants by Adani Green Energy Ltd with a total investment of $442 million. Owned by the scandal-hit Adani Group, Adani Green will set up two wind power plants in Mannar and Pooneryn in Sri Lanka reeling under economic crisis currently. “Board of Investment of?Sri Lanka?issues the letter of approval to India’s Adani Green for the installation of two wind power plants in Mannar & Pooneryn for an investment of USD 442 Mn. The project will add 350 MW of electricity to the national grid within two years,” the BOI tweeted.
Chenab Rail Bridge: Here’s how world’s highest single-arch railway bridge will bring all-weather connectivity to Kashmir
The Chenab Rail Bridge, also known as the Chenab Arch Bridge, is being built over the Chenab River and once completed, it will be the highest railway bridge in the world, with a height of around 359 metres above the riverbed. The bridge is being built as part of the Udhampur-Srinagar-Baramulla rail link project, which will connect the Kashmir Valley to the rest of India by rail. The construction of the bridge has been a challenging engineering project due to the difficult terrain and harsh weather conditions in the region.
India & LAC Region: There is a natural convergence between the two, says EAM Jaishankar
India is expanding its engagement with the LatAm region in various sectors especially in trade and investment, climate change, energy security, capacity building and more.
Speaking at an event in New Delhi ahead of his four nation’s tour in the region in April, External Affairs Minister Dr S Jaishankar presented a detailed account of India’s ongoing engagements with the Latin American and Caribbean countries (LAC). The event was an international conference on Latin America and Caribbean –“Connected Histories, Shared Present’ in New Delhi at India International Centre.
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G20 Summit 2023 and challenges to India’s presidency: Russia-Ukraine war, climate change, more
India is heading the group of 19 most powerful countries and the European Union at a time when the Russia-Ukraine war and the covid-19 pandemic have shattered the global economy. The world’s largest democracy now has the opportunity to bring together global leaders and resolve economy-related issues but the road ahead is full of challenges. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population. India will host over 200 meetings in over 50 cities across 32 different work streams over the course of the year.
Meet Vivek Ramaswamy: Indian-American entrepreneur running for US President in 2024! Here’s all you got to know about him
Almost a week after Nikki Haley announced her run for the 2024 US Presidential election, the latest in the list to run for the top post is another Indian-American. Tech entrepreneur Vivek Ramaswamy on Wednesday declared that he will contest the 2024 election in the United States. “We’ve celebrated our ‘diversity’ so much that we forgot all the ways we’re really the same as Americans, bound by ideals that united a divided, headstrong group of people 250 years ago. I believe deep in my bones those ideals still exist. I’m running for President to revive them,” Ramaswamy tweeted.
Indian Railways achieves another milestone! Rail network in Uttar Pradesh is now fully electrified
Indian Railways?is rapidly progressing to become the largest green network in the world. Recently, with the completion of the electrification of the North Eastern Railway’s (NER) Subhagpur-Pachperwa Broad Gauge (BG) route, the railway network in the state of Uttar Pradesh has now been fully electrified. The move will enhance rail connectivity in the region, and will also improve the speed of trains.
Why Bill Gates has hope in India: Microsoft founder gives proof why India is ready for future
“India as a whole gives me hope for the future. It’s about to become the world’s most populous country – which means you can’t solve most problems there without solving them at scale. And yet, India has proven it can tackle big challenges,” said Bill Gates in the latest note on his personal blog. The philanthropist and Microsoft founder has been involved in fighting global poverty and health inequality. Gates drew a linkage between the adverse effects of climate change and poverty, saying it is impossible to resolve the latter without addressing the former.
Meet Vivek Ramaswamy: Indian-American entrepreneur running for US President in 2024! Here’s all you got to know about him
Almost a week after Nikki Haley announced her run for the 2024 US Presidential election, the latest in the list to run for the top post is another Indian-American. Tech entrepreneur Vivek Ramaswamy on Wednesday declared that he will contest the 2024 election in the United States. “We’ve celebrated our ‘diversity’ so much that we forgot all the ways we’re really the same as Americans, bound by ideals that united a divided, headstrong group of people 250 years ago. I believe deep in my bones those ideals still exist. I’m running for President to revive them,” Ramaswamy tweeted.