“Silicon Valley Bank is just the tip of the iceberg,” said Christopher Whalen, chairman of Whalen Global Advisors, a financial consulting firm. “I’m not worried about the big guys but a lot of the small guys are going to take a terrible kicking,” he said. “Many of them will have Continue Reading
Reseñas
Govt trying to make crypto dealing transparent to identify frauds: Smit Khakhkhar
On users there would be very less impact because any users that are dealing with crypto which is from the right source would not face any problems.
ETMarkets Smart Talk: We are getting cautiously optimistic on equities; like gold as a hedge: Rohit Beri
The market valuations have corrected and are now closer to the historical averages with a relatively better outlook on earnings growth (~11-13% CAGR for the next 2 years) and ROE improvement vs the last decade (low single-digit earnings growth).
ETMarkets Fund Manager Talk: FY24 earnings downgrades likely as assumptions look aggressive: Hemang Kapasi, Sanctum Wealth
The lead indicators like Composite Purchase Managers Index (PMI) have started showing sequential improvement in developed markets as well as China post the reopening from Covid restrictions, while India continues to be in an expansionary zone leading the pack.
US stock market: Wall Street falls on bank stocks tumble, jobs report jitters
Traders were betting that chances of a 50-basis-point rate hike at the Fed’s March meeting were around 60%, according to CME Group’s FedWatch tool, up sharply from a probability of 31% before Powell’s Tuesday and Wednesday appearances in Congress.
Oil little changed, worries over rate hikes persist
Expectations of ongoing rate hikes in the world’s largest oil producing country and similar remarks over the weekend by the European Central Bank President have cast a shadow over global growth, setting oil up for a weekly fall after two straight weeks of gains.
Binny Bansal looks to recharge PhonePe with $100-150 million investment
PhonePe has already raised nearly $450 million in primary capital from PE major General Atlantic, Tiger Global, Ribbit Capital, among others, in this current funding round at a valuation of $12 billion. Some of the existing shareholders in Flipkart like Bansal, Tiger Global, China’s Tencent, Qatar Investment Authority and Microsoft, Continue Reading
Max, KKR in talks with TPG to buy Care Hospitals
If a deal takes place, this will be the second-largest hospital buyout in India after the IHH-Fortis transaction of 2018.
Piramal Capital initiates sale of Rs 5,500 cr DHFL bad loan portfolio
Piramal has asked interested bidders to submit expressions of interest where the offer amount is a mark-up of at least 10% to the base offer of ₹2,550 crore. The bids can be made in all cash basis or cash-plus-security receipts basis, where 15% of the bid amount will be paid Continue Reading
Indices snap 3-day winning run; Sensex falls 540 points
“The overall trend still remains in a bearish to sideways mode,” said Rohan Patil, technical analyst at Samco Securities. “Support for Nifty is placed at around 17,400 -17,350 levels and resistance are capped at 17,800 levels.”