Finance

Markets, banking, personal finance, and the economy.

Finance

SML Ltd weighing IPO within 2 to 3 years, eyes new chemical entity pipeline

SML Ltd, a leading agri-inputs manufacturer, is contemplating a stock market listing in the next two to three years. With significant cash reserves, the company plans to invest in developing new chemical entities and proprietary molecules. While external factors have led to a reduction in their revenue targets for the fiscal year, SML Ltd is also diversifying its offerings into crop nutrition and biological protection.

admin··3 min read

Latest in Finance

'This is the test': All eyes on US Fed to tackle high inflation

The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation -- and analysts say central bank chief Kevin Warsh's credibility is on the line. In recent weeks, however, several Fed policymakers -- including Warsh himself -- have hinted that if inflation does not show clear signs of slowing, the central bank will have to act by raising interest rates.

·3 min read

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Larry Ellison has scrapped his strategy to unload up to fifty million shares of Oracle. No shares have been sold under this plan, and there are currently no further sales anticipated. Despite exceeding Wall Street forecasts in their recent quarterly results, Oracle's stock has dipped this year due to investor worries about future capital expenditures. Analysts caution that a recovery in cash flow is still a distant goal.

·3 min read

Dalal Street Week Ahead: Weak technical setup to keep bulls under pressure

The technical structure has deteriorated following the violation of the important 23,900–24,000 support zone. This area had provided support during the recent consolidation but will now be expected to act as resistance on any pullback. More importantly, Nifty has slipped below its 100-week moving average, currently placed at 24,401, and remains below the 50-week MA at 24,673.

·3 min read

Sebi proposes new CAS framework, two options for expiry-day settlement

The Securities and Exchange Board of India (SEBI) is set to implement crucial updates to the Closing Auction Session. A focus of these changes is on the process of derivatives settlement on expiry days. SEBI has laid out two alternatives for determining the derivatives settlement price: the first proposes a blended VWAP approach after one year, while the second keeps the current CTS VWAP process in place for the present.

·3 min read

Will US 10-year bond yield crossing 5% really hurt markets? Yes Securities says fears overblown

The 10-year US Treasury yield has risen above 4.9% and is marching towards the crucial 5% level that it had last hit briefly in 2023. Yes Securities issued a contrarian bet, saying the rise in global yields increasingly reflects stronger nominal growth, a structurally higher equilibrium real rate and synchronised global monetary normalisation, rather than deteriorating economic fundamentals or an imminent fiscal crisis.

·3 min read