Here’s what we’re tracking on the Rise With India podcast this morning.
The Sanjiv Goenka-led RP-SG Group and PE firm CVC Capital won the two Indian Premier League franchises on offer with record bids.
Railways could operate Mumbai local train services at pre-pandemic level from Thursday.
Tesla has breached a trillion dollars in market capitalization, becoming the fifth U.S. company to join the club.
While the undertone of correction continued on Monday, but markets also showed signs of some stability.
Tech Mahindra reported a strong set of numbers in the second quarter of FY22, as growth was driven by adoption of 5G, cloud and digital transformation. CEO and MD CP Gurnani said this is one of the best quarters in a decade for Tech Mahindra.
Here's what we're tracking on the RWI podcast.
A new Delta ‘Plus’ variant of the coronavirus, which is said to be driving a surge in Covid-19 cases in the UK, has shown up in India.
The World Health Organization’s technical advisory group will meet tomorrow to decide on granting emergency use listing (EUL) to Bharat Biotech’s Covid-19 vaccine Covaxin.
The ongoing quarterly earnings will be the major factor driving market trends going ahead, and benchmark indices may face volatility this week. Foreign portfolio investors have turned net sellers in India by pulling out Rs 3,825 crore in October so far.
Watch out for earnings reaction to ICICI Bank, RIL among others.
Here’s what we’re tracking on the Rise With India podcast this morning.
S&P 500 ends higher for the seventh straight day. Data showed jobless claims fell to a new pandemic low last week.
Nifty and Sensex fell for a third day in a row, as concerns over valuations and inflation weigh. DIIs have sold shares worth about ₹ 9,000 crore in the last nine trading sessions.
Rising oil prices have dented the performance of India’s top paints company. Input cost inflation hurt Asian Paints’ profits during the quarter to September.
Zee Entertainment told the Bombay High Court that its board would follow the advice to consider the demand of Invesco, to convene an extraordinary general meeting.
Reliance Industries is likely to report a strong performance for the quarter, helped by a low base a year ago and revival in the oil-to-chemical operations.
Nykaa is looking to launch its public issue on October 28, according to news reports.
Today could most likely mark the momentous day when we clock a billion vaccine doses. Here’s what else in lined up on the Rise With India Podcast.
India is set to cross the milestone of one billion Covid-19 vaccine doses today, just over nine months after the government initiated the mammoth immunisation drive.
Cracks in the mid- and small-cap rally are beginning to surface. In past two sessions, these Indices have fallen as much as 5%, raising concerns that the momentum could see a reversal.
According to the latest Beige Book survey, the U.S. economic growth slowed to a modest to moderate rate, as companies dealt with supply-chain disruptions, high prices, a shortage of workers and the Delta scare.
Here’s what we’re tracking in the ET Now Rise With India podcast this Wednesday morning.
Former Punjab chief minister Captain Amarinder Singh finally spelt out his next political move, announcing he would form his own political party.
FMCG growth rate in rural markets, which had been on the rise over the past few quarters, has moderated while it is picking up in urban areas.
The crypto universe celebrated a landmark moment as the first-ever exchange-traded fund of Bitcoin started trading on the New York Stock Exchange.
Sensex and Nifty ended with modest losses after a seven-session winning streak, as investors opted to pocket some gains at record levels.
Moody's has raised the outlook for Indian banking to 'stable' from 'negative'.
Here's the the morning news recap on the ET Now Rise with India podcast.
The telecom department has given Vodafone Idea, Bharti Airtel and Reliance Jio time till October 29th to decide whether they would opt for a four-year payment moratorium, which runs through FY26.
Apple has launched two new MacBook Pro models, powered by in-house Apple Silicon chips as well as a new generation of its AirPods wireless earbuds, and a $5-per-month music subscription service.
The US Food and Drug Administration could soon allow people to receive booster shots that are different from their first Covid-19 vaccine doses.
The NCLT has allowed creditors and shareholders of Reliance Retail to hold meetings to seek approval for proposed Rs 24,700 crore deal with the Future Group.
This morning, on the Rise With India podcast, the Street could take cues from quarterly earnings and a strong US handover. Here’s what’s on our radar.
Petrol and diesel price on Sunday was hiked again by 35 paise a litre.
India’s four biggest IT firms — TCS, Infosys, Wipro and HCL — have seen their combined employee strength rise by over 1 lakh in the first six months of the fiscal year.
India is poised cross the landmark of 100-crore Covid-19 vaccine doses next week. The vaccines administered suggest about 70 per cent of the population getting at least one dose and about 30 per cent of the population has got two doses.
Evergrande Group’s CEO is holding talks with investment banks and creditors over a possible restructuring and asset sales.
Quarterly earnings and global cues will be the major sentiment driver for the equity market this week. Street will watch out for reactions to HDFC Bank and DMart numbers.
Rising oil prices and a looming coal shortage in the middle of our economic recovery continues to cast long shadows. Today, on the Rise With India podcast, here’s what we’re tracking.
Prime Minister’s Office will review coal positions at thermal power stations amid worries over shortages.
U.S. crude prices rose past $80 a barrel - ending above the mark for the first time since late in 2014.
Back home, Nifty was unable to sustain the gains after hitting the 18,000 mark.
Aditya Birla Group chairman Kumar Mangalam Birla is considering infusing some of his own capital into Vodafone Idea, according to a report in The Economic Times.
Future Group and Amazon are likely to start negotiations for a possible out-of-court settlement of a year-long legal standoff over the proposed sale of Future Group assets to Reliance Retail.
Good morning, This Monday, we're gearing up to digest the renewable shopping spree by Reliance and how the street will respond to TCS numbers.
Reliance Industries has announced two back-to-back acquisitions in renewable energy space.
TCS has posted a double-digit increase in profit and revenue during the second quarter, with business growing across verticals and geographies. Big week for Tech Earnings - Infosys Wipro and HCL Tech will also report numbers.
Tata Sons is setting up a short-term advisory team ahead of its takeover of Air India.
Delhi and Andhra governments send SOS over fuel supply, Govt reassures no crisis in power.
Good morning, here’s what we are tracking on the ET Now Rise With India podcast.
UK blinks as it rolls back its mandatory quarantine for Indians coming in.
US reaches a deal to avert Govt shutdown, for now, and the Wall Street is kicked about it
TPG talking to Tatas to invest $1 billion in the EV division of Tata Motors
NCLAT gives Zee more time to file response in the Invesco case
TCS kicks off earnings season today, and markets will digest the MPC fineprint this morning.
And DIIs continue to be net buyers in the stock markets, with Nifty Realty clocking its highest level in a decade.
This morning, on the ET NOW Rise With India podcast, these are the hot stories we are tracking.
Russian President Vladimir Putin says he is ready to work on stabilizing the global energy market.
Titan registers strong recovery in Q2 FY22
Tata Digital to Offer Esops to All Employees to Win Over Talent
Blackstone Places Its 2nd big bet on India's IT services, Set to Buy VFS at Over $2 b Valuation
And Saudi Arabia’s Aramco is now a $2 trillion company, just behind Microsoft and Apple.
Here’s what’s making headlines on this edition of the ET Now Rise With India poscast:
Coal stocks at thermal power plants will start increasing in another two to three days, according to an official at coal ministry.
Moody's has upgraded India's rating outlook to 'stable' from 'negative', saying a recovery is underway and growth this fiscal will surpass the pre-pandemic rate.
HDFC Bank has reportedly initiated a formal process to rope in a strategic investor for HDB Financial.
And, a fomer Facebook data scientist tells US Congress the social network giant’s products are harmful for children, and fuel polarisation
This morning, we're staring at oil prices that are simmering at 7-year highs, and a huge rout in Tech shares world over, triggered by Facebook's outage that also wiped off 7 bn dollars of personal networth of Mark Zukurberg. The selloff in Facebook & other big tech shares pushed U.S. markets to start the week with losses.
Also, Byju's raises about Rs 2,200 crore in funding, takes valuation higher to $18 bn.
Meanwhile, SREI is the second firm whose NBFCs faced action by the Reserve Bank for failure to repay debts.
Track all this and more, in this morning’s edition of the Rise With India podcast.
Good morning, here’s what we are tracking on the Rise With India podcast.
The Zee and Invesco sage now unfolds before the high court too, with the matter also coming up before NCLT today
Reserve Bank this week could maintain status quo on interest rates for the eighth time in row.
OPEC and its allies will meet today, to debate how much oil to release into the already heated market
China Evergrande Group is facing another test, as another dollar note comes up for repayment.
Sales of passenger vehicles fell at several top manufacturers on shortage of semiconductors.
And Amazon, Flipkart see strong start to festive sale; tier-II, III cities drive momentum
Here are the top stories this morning, on the ET NOW Rise With India podcast.
Top carmaker Maruti Suzuki has said that it is expecting total vehicle production in October at two of its plants to be around 60% of normal levels as the chip shortage continues to bite the business.
Property registrations in Mumbai, which is India's biggest real estate market, have yet again recorded a 10-year high.
After over a decade, the Coastal Zone Management Plan for Greater Mumbai has finally been approved by the Centre.
US Markets tumbled to end the quarter, and S&P 500 clocked its worst monthly pullback since March last year. The index is still up 15% for the year, and hgiher for a sixth straight quarter.
Nifty has posted its best series since Feb this year. The Index has ended higher for a 5th month in a row, its longest monthly gaining streak in at least 5 years.
Here are the headlines this morning, on the Rise With India podcast.
Invesco is moving NCLT against Zee, for not calling an EGM of the company. ZEEL declined to comment on the development and said it remains committed to acting within the framework of the law.
The Reserve Bank has removed Indian Overseas Bank from Prompt Corrective Action Framework.
The government is working on a second set of reforms for the telecom sector, says Minister Ashwini Vaishnaw
The government has decided on the minimum reserve price for Air India, and met the two bidders for further discussions.
and US markets end higher, but yields continue to rise for a 7th day.
This morning, the Wall Street is reflecting a note of caution which also showed up in our markets yesterday. Here are the big stories this morning.
Oil past $80 for the for time in 3 years, US 10Y yield above 1.5% and US Fed is now worried about inflation.
Complete ban on bursting, sale of all kinds of firecrackers up to Jan 1st, in the national capital
Sebi board approves proposal to amend de-listing framework after open offer
Air India sale in the final round, as bids may open very soon
Standard Life could sell 5% stake in HDFC AMC today at opening bell
And Mahindra may be weighing funding options for its EV supercar unit.
We're starting a new week after a historic high on Dalal Street on Friday. Stocks will track global cues this week and could face volatility in the expiry week, even as valuations look rich.
Here’s what else is making headlines this morning.
India is waking up to Cyclone Gulab's landfall in Andhra Pradesh
The nation needs 4-5 'SBI size' banks to meet growing needs of economy, says the Finance Minister
HDFC Bank, has said that it aims to double its rural reach to two lakh villages
New Ministers of State inducted in Uttar Pradesh cabinet. Jitin Prasada among other names take oath
And Prime Minister Modi will launch the Digital Health Mission today.
This morning, we're perched within striking distance of the 60,000 mark on Sensex. Meanwhile, in the other hemisphere, America’s top CEOs held meeting with Prime Minister Modi in person, to discuss investments in a range of sectors.
Here's what we're tracking this morning.
Dow stepped out of slump with its best two-day rally in over six months. Benchmark government bond yields posted their biggest one-day rise since March.
Asian markets track US gains, while China urges Evergrande to not default.
Turkish Lira is near record lows after surprise rate cut.
PM Modi began his US visit with a number of meetings with leading American CEOs and highlighted the economic opportunities in India.
And CDC Panel Recommends Booster Dose of Pfizer Covid vaccine.
Here's all that we're tracking this morning, on the ET Now Rise With India podcast.
The Federal Reserve has signaled that it may start raising its benchmark rate sometime next year. This is earlier than envisioned three months ago.
U.S. stocks staged a comeback from their September lows, after Fed signaled that it could reduce bond purchases soon and raise rates early as next year.
Hong Kong developer Chinese Estates, which holds 5.66% stake in Evergrande, is planning to sell all its shares.
Back home, we saw the benchmark indces cautious even as broader market saw a widespread rally.
Japanese farm equipment firm Kubota is in talks with the Nanda family — promoters of Escorts — to increase its stake and eventually become a controlling shareholder, according to a news report in the Economic Times.
Tech firm Freshworks made its debut on Nasdaq after a billion-dollar IPO. It is the first Indian SaaS company to list on the American exchange.