Economic Times Expert Views
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Post lockdown, there is a big shift in sectors finding favour with PE investors: EY
‘A large part of PE investments is due to the spate of announcements by Jio platforms which is an outlier and a one-off.’
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India needs to become global champion in auto, textile & food processing: Amitabh Kant
‘We need to really kindle the animal spirits of entrepreneurs in India’
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Still see high quality private financial services cos as clear winners going forward: Shiv Puri
‘There are going to be fewer winners in the mid and smallcap space.’
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This is a trading market; participate only on a selective basis: Andrew Holland
‘Volatility remains a cause of concern in the short term’
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RBI’s liquidity scheme will prevent distressed NBFCs from defaulting: Capri Global Capital
‘MFIs, HFIs and NBFCs will get another three months to mobilise the funds’
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3 pesticides stocks that will benefit from improving rural demand
‘Good monsoon is adding up to fairly better than expected tractor sales’
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Expect catch up rally in silver in second half of 2020: Adrian Ash
‘Gold has really proven its value as a safe haven in the first half of 2020’
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Don’t mistake market jump for V-shaped recovery: Jan Lambregts
‘Asset price inflation is the worry now, not consumer price inflation’
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Escorts best stock to play the rural and agri theme: Elixir Equities
‘Many positive trends are culminating for Escorts’
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Growth will return to well-managed private banks & NBFCs post Covid: Centrum Broking
‘We are witnessing franchise value-oriented buying in financials’
ET Stocks
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HDFC Life replaces Vedanta in Nifty; SBI Cards enters 5 indices
HDFC Life replaces Vedanta in Nifty; SBI Cards enters 5 indices
Vedanta will cease to be a part of Nifty 500, Nifty 100, Nifty LargeMidcap 250 and Nifty 200.
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Dow Jones jumps at open as US job growth accelerates
Dow Jones jumps at open as US job growth accelerates
The Dow Jones Industrial Average rose 201.48 points, or 0.78 per cent, at the open to 25,936.45.
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Biocon lines up $200 million capex for current fiscal
Biocon lines up $200 million capex for current fiscal
The company's capital expenditure during 2019-20 stood at Rs 974.2 crore, Mittal said.
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Rating agencies flag off NBFC asset quality concerns
Rating agencies flag off NBFC asset quality concerns
Non-performing assets (NPAs) of NBFCs could touch 7.0-9.5% by March 2021, Icra said.
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Interoperability among clearing corps for share sale via OFS to start from July 13
Interoperability among clearing corps for share sale via OFS to start from July 13
“The interoperability among clearing corporations for OFS will be implemented with effect from July 13, 2020,” the BSE said in a circular.
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Tata Power board OKs share issue to Tata Sons, InvIt for renewable units
Tata Power board OKs share issue to Tata Sons, InvIt for renewable units
The board of the company approved the issue of over 49 crore shares to promoter.
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Emami Agrotech's edible oil business down by 10% in Apr-Jun quarter due to closure of hotels, restaurants
Emami Agrotech's edible oil business down by 10% in Apr-Jun quarter due to closure of hotels, restaurants
The company reported sales of Rs 12,000 crore in last fiscal while profit was around Rs 100-120 crore.
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Market Movers: Axis top blue chip loser, metals shine; 40 stocks give buy signals
Market Movers: Axis top blue chip loser, metals shine; 40 stocks give buy signals
Here is a lowdown on what happened in Thursday’s session.
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F&O: Nifty range at 10,300-10,800; falling VIX supports bullish stance
F&O: Nifty range at 10,300-10,800; falling VIX supports bullish stance
Options data suggested an immediate trading range between 10,300 and 10,800 levels.
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Tech view: Nifty50 forms bullish candle, needs further buying to confirm positive momentum
Tech view: Nifty50 forms bullish candle, needs further buying to confirm positive momentum
The NSE barometer made a higher high and low for the third straight session.
ET Companies
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GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta
GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta
"Over the next 6-12 months, there will be quite a lot of consolidation happening in the steel and mining sectors. We will be keenly reviewing options on how and what role we can play," group executive chairman Gupta told ET[…]
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Hitachi Vantara appoints Gajen Kandiah as CEO
Hitachi Vantara appoints Gajen Kandiah as CEO
Kandiah has spent 15 years in information technology services company Cognizant prior to this. He served as senior vice president and general manager of Cognizant’s information, media and entertainment; manufacturing logistics; consumer goods; and communications industry practices. Before that, he[…]
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FirstMeridian acquihires pharma HR services player, Cornucopia
FirstMeridian acquihires pharma HR services player, Cornucopia
FirstMeridian has absorbed the the talent acquisition and staffing unit of Cornucopia, which serves pharmaceutical and healthcare firms in India.The firm's existing business and associated team will now become part of V5 Global, which is a FirstMeridian portfolio Company.
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GMM Pfaudler buys French firm DDPS’s unit for 6.25 million Euros
GMM Pfaudler buys French firm DDPS’s unit for 6.25 million Euros
The company, which had earlier decided to set up a Greenfield glass-lined equipment production at Hyderabad, said it has entered into an agreement with De Dietrich Process Systems India (DDPSI) for acquiring latter’s facility located at Nacharam industrial area of[…]
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SS Gopalarathnam, Cholamandalam MS General Insurance Managing Director, retires
SS Gopalarathnam, Cholamandalam MS General Insurance Managing Director, retires
Gopalarathnam retired on Tuesday after a career spanning 41 years. He joined the Murugappa Group in 1979 as a Management Trainee at TI Cycles and served in various capacities in the finance and marketing functions across TI Cycles, TI Miller[…]
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Accor appoints Puneet Dhawan as senior VP, operations for India and South Asia, Jean-Michel Cassé retires
Accor appoints Puneet Dhawan as senior VP, operations for India and South Asia, Jean-Michel Cassé retires
Accor said Dhawan will handle the group’s operations and strategies to ensure Accor’s growth momentum in India and South Asia. He will be reporting to Garth Simmons COO, Malaysia, Indonesia, Singapore, and South Asia.
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What to do with the additional cost incurred during Covid pandemic: Indian captives in a limbo
What to do with the additional cost incurred during Covid pandemic: Indian captives in a limbo
“The issue is whether the resulting costs should be funded through trade transaction by the principal or through equity by the parent as an investor — several factors must be considered and it is important to recognise that a ‘low-risk’[…]
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NCLT reserves order against Anil Ambani in a plea filed by SBI
NCLT reserves order against Anil Ambani in a plea filed by SBI
The public sector lender had approached the Mumbai-bench of the National Company Law Tribunal (NCLT) under Section 97(3) of the Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to[…]
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Reliance Industries nears deal to acquire retail businesses of Future Group
Reliance Industries nears deal to acquire retail businesses of Future Group
A deal with Reliance offers a much comprehensive solution to Kishore Biyani’s debt problems
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Hero Cycles may ride in to scoop up Atlas, the shuttered iconic cycle maker
Hero Cycles may ride in to scoop up Atlas, the shuttered iconic cycle maker
Atlas Cycles, one of the country's oldest cycle brands, recently shut its last manufacturing unit.
