Honda Motor’s stock plummeted nearly 6% in Tokyo after the automaker announced its first annual loss in nearly 70 years. The company is facing up to $15.7 billion in restructuring costs, primarily due to cancelling three planned electric vehicle models in the US and writing down its China business.Read More
IFCI shares surged over 11% after the National Stock Exchange (NSE) appointed 20 merchant bankers and eight law firms for its upcoming IPO. IFCI holds an indirect stake in NSE through its subsidiary, Stock Holding Corporation of India, which could be a selling shareholder in the offer-for-sale.Read More
The Indian rupee has reached a historic low. Worries about rising oil prices due to the Iran conflict are impacting the economy. Analysts predict further weakening if oil prices remain high. Foreign investors are selling Indian stocks. The central bank is intervening to support the currency. The situation is expected to continue under pressure.Read More
Indian government bonds are falling. Oil prices remain high, fueling inflation worries. This impacts India’s economic growth and interest rate expectations. The rupee has hit a new low against the dollar. The Reserve Bank of India is intervening to support bond yields. Traders are cautious due to ongoing Middle East conflict. Analysts predict higher inflation if oil prices stay elevated.Read More
The Hormuz Strait crisis poses a significant risk to India’s energy and fertilizer supplies. DAM Capital’s Nandan Chakraborty advises investors to focus on the duration of the disruption, not just oil prices. His strategy involves maintaining liquidity, identifying undervalued growth stocks, and avoiding value traps. Sectors like NBFCs, consumer discretionary, defense, and renewables are highlighted as potential investment areas.Read More
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