📰 Latest Economy & Stock Market News
Kunal Bothra’s top 3 picks for 1st trading day of 2022
Updated at : 2022-01-01 15:20:01

Rather than being pessimistic and expecting markets to get back into a corrective phase, it is now time for investors who have been either sitting out to bet on equities this year, says independent market analyst Kunal Bothra

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Centre asks Apple to make goods worth $50 billion annually in India
Updated at : 2022-01-01 13:55:01

The Tim Cook-led company was asked to develop India as a global sourcing base which would be used to export fully-built products across the world at a high-level meeting between top government officials and senior functionaries from Apple, similar to what is being achieved in China currently.

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New Year, New Highs? Don’t expect one-way rally to the top
Updated at : 2022-01-01 13:50:01

Betting on the right sectors and a superior stock selection offering decent risk reward will help generate alpha in 2022

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Food aggregators like Swiggy and Zomato to collect 5% GST beginning January 1
Updated at : 2022-01-01 13:45:01

Currently, restaurants registered under GST are collecting and depositing the tax. Also, cab aggregators like Uber and Ola will have to collect 5 per cent Goods and Services Tax (GST) for booking 2 and 3 wheeler vehicles effective January 1. Also, footwear irrespective of prices will attract 12 per cent tax from Saturday.

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Commodities notch their best year since financial crisis rebound
Updated at : 2022-01-01 13:40:01

The rollout of vaccination campaigns and easing restrictions on travel and gatherings led to a surge in demand for raw materials at a time when supplies were still largely restrained due to lack of capital spending, weather-driven crop losses and logistic bottlenecks.

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Global M&A volumes hit record high in 2021, breach $5 trillion for first time
Updated at : 2022-01-01 13:35:01

Global dealmaking is set to maintain its scorching pace next year, after a historic year for merger and acquisition (M&A) activity that was fueled largely by easy availability of cheap financing and booming stock markets.

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Under D-Street’s veil of optimism lies dread of known unknowns
Updated at : 2022-01-01 13:30:01

Analysts are concerned about high inflation, the spread of Omicron , upcoming state elections, and an accelerated interest rate hike

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Power consumption rises 4.5% to 110.34 billion units in December
Updated at : 2022-01-01 13:25:01

Peak power demand met or highest supply in a day rose to 183.39 GW in December 2021 compared to 182.78 GW in December 2020 and 170.49 GW in December 2019. In November this year, the power consumption grew by 2.6 per cent to 99.37 BU. Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it was at 93.94 BU.

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Rahul Shah’s top three sectoral picks for building portfolio in 2022
Updated at : 2022-01-01 13:20:01

For people with both longer term and short term investment horizons, the market looks quite convincing for a couple of quarters, says Rahul Shah, V-P, Equity Advisory, Motilal Oswal Financial Services

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Global stocks close near record highs ahead of New Year, dollar and oil dip
Updated at : 2022-01-01 12:20:01

Equities around the globe traded little changed on Thursday as oil prices fell and the U.S. dollar dipped against most major currencies although it has had its best year since 2015 with a 6.7% rise.

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