India-UK investment bridge: Focus on roads, renewables, and rapid transit projects
India and the UK are partnering on infrastructure projects, focusing on roads, rapid transit, and renewables. The collaboration aims to attract UK investment and expertise to support India’s growth, with initial plans to identify three projects by March 2024. Building confidence among UK firms wary of past challenges is key to the partnership’s success.
Sebi cancels Trafiksol SME IPO, asks company to refund investors’ money
Market regulator Securities and Exchange Board of India (Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors.
Carbon tax proposed by EU unilateral, arbitrary to hurt India’s export: FM Sitharaman
Finance Minister Nirmala Sitharaman criticizes the EU’s Carbon Border Adjustment Mechanism (CBAM), calling it unilateral and arbitrary. CBAM, set to start in 2026, may harm India’s exports in key sectors like steel and cement. Despite this, talks on an FTA with the EU are expected to continue.
Next round of India-EU FTA talks in 2025
India and the EU are set to hold the next round of FTA negotiations in early next year. Limited progress was achieved on rules of origin and government procurement. Positive discussions took place on market access for goods, sectoral annexes, and professional qualifications recognition.
ET Poll: RBI may hit pause button on interest rates again
The Reserve Bank of India (RBI) is expected to keep the repo rate unchanged at 6.50% due to concerns over sustained inflation and geopolitical tensions in West Asia. The central bank may also shift its monetary policy stance to neutral, reflecting tolerance for surplus liquidity in the banking system.
Big movers on D-Street: What should investors do with Varun Beverages, Suzlon Energy and Torrent Power?
Domestic markets closed lower as stocks like Varun Beverages, Suzlon Energy, and Torrent Power gained attention with notable movements. Analysts suggest potential gains for these stocks given the key support and resistance levels, indicating positive recovery trends if buying momentum continues.
ETMarkets Smart Talk | Why India’s growth story remains intact despite global geopolitical concerns? Anil Rego explains
In fact, I believe that if this geopolitical tension hadn’t arisen, there would have been another reason for volatility. Even though the medium- to long-term outlook is very good, in the short term, there will be corrections when markets run up too much.
Berkshire Hathaway raises $1.9 billion in bond deal, term sheet shows
Warren Buffett’s Berkshire Hathaway raised 281.8 billion yen ($1.9 billion) by issuing seven-tranche yen-denominated bonds, with the largest 3-year tranche raising 155.4 billion yen. This marks the largest yen-denominated bond issuance for Berkshire since 2019. Proceeds will be used for general corporate purposes.
Q2 results today: TCS, Tata Elxsi among 12 companies will announce earnings
Today marks the start of the second quarter earnings season. TCS, Tata Elxsi, IREDA, and other companies will declare their results for the September quarter. Brokerage firms expect TCS to show up to 8% year-on-year revenue growth. Key points include the BSNL deal ramp-up and commentary on the FY25 demand environment.
At multi-year highs: These 6 stocks witness 5-year swing high breakout
In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on October 09, suggesting bullishness in counters, according to stockedge.com’s technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant […]