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Dow Futures Tick Higher, Fed Minutes In Focus

3Jan

By Administrator_IndiaNo Comments

Share Market

Dow Futures Tick Higher, Fed Minutes In Focus

U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead in Tuesday’s session, investors will be looking towards the S&P Global (NYSE:SPGI) Manufacturing PMI and construction spending, JOLTS data as well as the minutes of the Fed’s latest policy meeting. Later in the week, ADP nonfarm employment and December’s nonfarm payrolls report will also be closely watched. On the earnings front, Walgreens Boots Alliance Inc (NASDAQ:WBA) and Constellation Brands Inc (NYSE:STZ) are set to report quarterly results on Thursd...

Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll

12Dec

By Administrator_IndiaNo Comments

Share Market

Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll

Taiwan's central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy. The central bank is likely to lift the benchmark discount rate by 12.5 basis points to 1.75% at its quarterly meeting on Thursday, according to the median forecast of 23 economists surveyed. At the last meeting, in September, the bank also raised it by 12.5 basis points, to 1.625%. One economist surveyed expected the central bank to stand pat. Looking ahead, the median forecast for those polled was for the central bank to keep the rate at 1.75% for all of 2023. The central bank has repeatedly said it will tighten monetary policy this year, in lin...

Walgreens Cuts Stake in AmerisourceBergen Through $q1 Billion Share Sale

9Dec

By Administrator_IndiaNo Comments

Share Market

Walgreens Cuts Stake in AmerisourceBergen Through $q1 Billion Share Sale

Walgreens Boots Alliance has sold some AmerisourceBergen (NYSE:ABC) Corp's shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about 17%. Walgreens, which will remain AmerisourceBergen' largest shareholder, said it would use the proceeds to pay down debt and to fund strategic priorities, including Walgreens-backed VillageMD's $9 billion acquisition of urgent care provider Summit Health. Walgreens had earlier committed $3.5 billion, through an even mix of debt and equity, to support the deal, which was struck on Nov. 7. A day later, Walgreens said it cut its stake in AmerisourceBergen (ABC) to about 20% from about 26% though a public offering of 10 million ABC shares. The latest share sale includes $20...

Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO

1Sep

By Administrator_IndiaNo Comments

Share Market

Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO

Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in a growth phase and their valuations still appears favourable compared to their medium-term earnings growth potential. The Chief Investment Officer at Centrum PMS with over 25 years of rich experience in fund management expects overall private capex to be strong over next 2-3 years, due to rising/peaking capacity utilisations, improving demand visibility and comfortable balance sheets. He believes India offers higher growth than other emerging mark...

Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%

28Mar

By Administrator_IndiaNo Comments

Share Market

Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%

Shares of PVR and Inox Leisure zoomed up to 20 percent on the BSE in Monday's intra-day trade after they announced a merger between the two major multiplex owners, in an all-stock amalgamation of Inox with PVR. Shareholders of Inox will receive three shares of PVR in exchange for 10 shares in Inox. In trades so far, Inox Leisure hit a record high of Rs 563.60, zooming 20 percent in intra-day trade. The stock surpassed its previous high of Rs 510.80 touched on February 25, 2020. As of 09:17 am, the stock traded 15 percent higher at Rs 540, as compared to a 0.06 percent decline on the S&P BSE Sensex. PVR, meanwhile, surged 10 percent to Rs 2,010, also its 52-week high on the BSE. The stock trimmed gains mildly and was up 5 percent at Rs 1,925.25 later. It had hit a record high ...

IPO pipeline expected to swell by over Rs 2 trillion in 2022: Report

22Dec

By Administrator_IndiaNo Comments

IPOs, Share Market

IPO pipeline expected to swell by over Rs 2 trillion in 2022: Report

By Administrator_India Capital Sands After the record-breaking IPO rally with as many as 65 issuers collecting a whopping Rs 1.35 trillion so far this year, the market frenzy is set to continue next year with new issues worth over Rs 2 trillion ($26 billion) in the pipeline, The year 2021 has seen the highest-ever IPO volumes in the country with the volumes surging to $15.3 billion, as against $4.2 billion in 2020. That means the Street saw more IPOs in 2021 than in the year past three years combined, both in the number of listings and amount raised, Kotak Mahindra Capital Company told reporters on Tuesday. And, the IPO frenzy is set to continue next year with $26 billion worth of issues being in the pipeline, the brokerage said. It added that the new issues will be dominated by re...