Indian e-tailer Firstcry's parent files to go public
BENGALURU (Reuters) - Indian online retailer Firstcry filed for an initial public offering on Thursday, its draft papers showed. Firstcry's parent Brainbees Solutions will sell shares worth 18.16 Key Points
ThePrintTime to shift from momentum to value stocks; 2 stocks to sell: CA Rudramurthy
CA Rudramurthy, Head of Research at Vachana Investments, advises caution in midcaps and smallcaps as these stocks have started correcting. He points out that yesterday and today there has been underperformance in these sectors. He suggests selling when you can and not when you want, and shifting from momentum to value. He also mentions that the India VIX has been volatile but has not shown any specific moves. He recommends shorting weaker stocks such as Muthoot Finance and M&M Finance, while avoiding selling strong stocks like Escorts, HDFC Bank, and SBI. Key Points
Economic TimesMarkets@record high! But, do you know when to sell?
Selling can seem very black and white but it is actually a lot more grey than we care to admit. Selling can feel like a breakup in a relationship and we know how painful it can be. One of the hardest things in investing is knowing when the right time is to sell. Key Points
Economic TimesHDFC Bank to sell 2% stake in NSDL IPO
The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. Key Points
Economic TimesSVB Financial gets court approval to sell investment bank
A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell its investment banking business to the division's founder. Key Points
Reuters
10 Ways to Make Money Online With Your Photography Skills
Both a camera and a computer are in your possession, but money is one thing you lack. You may make money online doing what you love, capturing images, if you have the necessary skills. Key Points
Times of IndiaEV vs other cars: Are electric vehicles still worth the cost?
There isnt much of a resale market for EVs in India now. If you want to sell your car after a few years, you will not get many buyers, forcing you to sell at a low rate. Key Points
Economic TimesGaurav Bissa on what to buy and sell in this market
Gaurav Bissa recommends a buy on Reliance Industries, which has given stability and a strong push to the markets. He also suggests a sell call on ICICI Prudential due to consistent lower top, lower bottom formation. Bissa believes the market is stock-specific and recommends a blend of large and midcaps. Key Points
Economic TimesPatanjali Foods launches OFS, promoter to offload up to 9% stake
Patanjali Ayurved will offload about 2.53 crore equity shares under the OFS, which represents 7% stake, and in the case of oversubscription, the promoter is planning to sell additional 2%. Key Points
Economic Times3 thieves go to steal van in Kanpur, realise noone knows to drive. This is what happened next
A heist turned into a nightmare for three thieves in Kanpur who couldn't drive off in a van that they had stolen as none of them knew how to drive. What they did after that will leave you amused. Read more to find out. Key Points
India Today
Stocks in news: ITC, SBI, Kfin Tech, Vedanta, Muthoot Capital
Debt-ridden cigarette seller British American Tobacco (BAT) announced that it will sell 3.5% stake in Kolkata-based FMCG firm ITC Ltd through a block deal. Key Points
Economic TimesBank manager loses Rs 5.10 lakh in cyber fraud while trying to sell household items
A manager in a leading bank lost Rs 5.10 lakh in a cyber fraud while she was trying to sell some household items on an online marketplace, a Nagpur police official said on Sunday. Key Points
The Tribune IndiaSubsidised tomato now priced Rs 80/kg
New Delhi: The Centre on Sunday announced that it will sell tomatoes at Rs 80 per kg in major cities of north India. At first, the Centre had started selling tomatoes at Rs 90 per kg to control the soaring prices, which saw a rise of Rs 80-Rs 100 in just one month. It was after the retail prices of Key Points
The Tribune IndiaThose serious about retirement aren’t attracted to NPS tax benefits: Santosh Agrawal, Policybazaar
NPS is a good product, but its just accumulation and then it invests in annuity. People know of the NPS because of tax benefit, but Rs.50,000 is not a meaningful amount, says Santosh Agrawal, CBO, Life Insurance, Policybazaar. Key Points
Economic TimesWorried about correction? This shall too pass, these bank stocks can give more than 20% returns, according
In the last one week, not even one sector has been spared by bears, they were seen across the street. It is time like this that one needs to look at the relative performance and before taking any buy or sell decision one simple question should be asked. The question is that a sector which was doing well when the news about higher GDP growth and other macro numbers were coming, has suddenly corrected, is there something changed for the sector or not. Because if some negative development has taken place in the operating matrix of the sector then it is time to sell, but if nothing wrong has happened to factors which determine the bottomline then why panic and sell. What impacts the operating matrix of the banking sector ? It is the overall economic growth. Banks provide the lifeline of capital to all the sectors which form part of any economy, whether it is retail loans or corporate loans. So when these sectors do well, banks have a higher credit growth. Is there any indication that economic growth is going to come down, not at all. So, let the trader react, not the investor. Key Points
Economic Times
CA from Bengaluru tries to sell kidney, ends up losing over ₹6 lakh
A Bengaluru man searched online to connect with those looking for kidneys. He contacted a person regarding it after getting their number from a website. | Trending Key Points
Hindustan TimesSometimes not having any 'Buy' or 'Sell' recommendation is a good thing: 4 smallcap stocks with a top scor
For many, it might come as a surprise but the fact is the large-cap segment of the Indian equity market is one of the most over-researched. There are some companies that are being covered by more than 60 analysts. But at the same time, there is another set of companies, specially small companies which are not covered at all by single analysts and hence they don't have recommendations of either buy or sell. Instead of looking at companies that have buy or sell recommendations, we look at companies where on quantitative analysis parameters the score is coming at the highest possible level “10” but there was no recommendation of either a buy or sell. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those that might help navigate the stock market. Key Points
Economic Times10 Online Marketplaces for Selling Your Handmade Products
In recent years, the demand for handmade goods has increased in India. Customers are looking for unique, handcrafted products that fit their specific needs. The market for handcrafted items including jewellery, clothing, and home decor has flourished as a result of this trend. Key Points
Times of IndiaHow to Make Money Online With Dropshipping
Dropshipping is a business that has been around for many years, though its profitability and scale are often questioned by many. Regardless, the industry gives you a low-risk business model that can be very profitable if you know how to make money dropshipping. Key Points
Times of IndiaPaddy worth Rs 159,660 cr procured from farmers at support price: Govt
Food Corporation of India, the nodal central agency, along with other state agencies undertakes procurement of paddy under the price support scheme (at MSP). Those procured paddy is then milled to make rice and distributed to the public under various food security schemes. Key Points
Economic Times
Stocks in news: Patanjali Foods, Samvardhana Motherson, Indian Oil, Vedanta
Japanese promoter company Sumitomo Wiring Systems will likely sell 3.4% stake in Samvardhana Motherson International Ltd through a block deal on Thursday, according to reports. Key Points
Economic TimesSVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit
CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low. Key Points
Business StandardTime to book profits in power stocks; India heading towards currency risk: Rohit Srivastava
“The RMI indicator that we use is giving sell signals on many of these key sectors so it is slightly difficult to take a bullish trade here. If at all, we will take one, we will possibly take a bearish trade and start with the index and, of course, the sectors which have moved up the most, then can give you a correction as well.” Key Points
Economic Times10 Creative Ways to Earn Money Online as a Freelancer
You may be considering ways to make additional money due to the pain of inflation. You can use a side hustle to put your skills and hobbies to use if you have the time and energy. Key Points
Times of IndiaHunt for gems in industrial and infrastructure sectors: Pashupati Advani
India is considered a good investment due to its growth opportunities, particularly in the capital goods and infrastructure sectors. While IT companies and PSU stocks may suffer from cooling relationships between India and the US, the current government's focus on infrastructure spending is bolstering stock markets. Pashupati Advani, founder of Global Foray, suggests investing in midcap cement and infrastructure stocks, as well as new-age businesses, such as Paytm and Zomato. Key Points
Economic Times
Taking, understanding, managing and risks becoming reality are 4 different things: Check 5 things before m
On a day when 99 of the 100 stocks in the small cap index are trading with big cuts. All sectoral indices are trading with big cuts, market breadth is extremely poor, there are many reasons which are and will be put on the table to explain why the fall has taken place. There is a high probability one of the explanations which would be put on the table today is the stress test of small and midcap schemes and how flows to them could be impacted. But should the result matter to you ? No if you are not holding any small fund scheme. Instead of bothering about what will come out over the weekend, just focus on two things, especially those who have turned bulls in the last few months. First nifty or for that matter any indices has nothing to do with your portfolio, so stop comparing it. Second, do a review of your portfolio and ask yourself one simple question: why did I buy this particular stock? Was it friendly neighborhood advice or was it because there was something positive happening in the company or the industry in which this stock belongs ? The answer to this question is the key whether one should stay invested or sell the stock. Key Points
Economic TimesGovt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
The government plans to offload a 7% stake in NLC India through an offer-for-sale (OFS), including a green shoe option of 2%. The OFS, opening for non-retail investors on Thursday and for retail investors on March 11, aims to raise around ₹2,058 crore. The floor price is set at ₹212 per equity share, at a discount to the closing price of ₹226.7 apiece on Wednesday. Key Points
Economic TimesItaly puts ‘crown jewel’ up for sale as Giorgia Meloni-led govt tackles massive public debt
Italy's Prime Minister Giorgia Meloni is selling a stake in the country's postal service as part of a privatisation programme to tackle public debt. The government aims to raise 20 billion euros by 2026. Key Points
mintPage Industries share price tanks 13% after Q4 net profit falls 59%; Should you buy, sell, hold?
Page Industries stock plunged 13% on Friday. The company’s shares have fallen over 12% in the past one month, and nearly 14% in the past one year. Key Points
FinancialexpressEcommerce, food-delivery firms face new trouble as government eyes related party services ban
The Consumer Affairs Ministry is leading the latest round of deliberations which were held earlier this month, sources added. There has also been an inter-ministerial discussion with the Department for Promotion of Industry and Internal Trade (DPIIT) and The Ministry of Electronics and Information Technology ( MeitY). Key Points
Economic Times
Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share
The government proposes to sell an additional 100,450,348 shares, representing 1% of the total paid up capital of the company, in case of an oversubscription. The OFS will open for subscription to institutional investors on Thursday, and for retail investors on Friday. Key Points
Economic TimesVedant Fashions promoter to sell up to 9.88% stake via OFS
The promoter of Vedant Fashions, Ravi Modi Family Trust, plans to sell 7% stake in the company through an OFS. The offer is being proposed with an option to sell an additional 2.88% stake in the event of oversubscription. The floor price is fixed at Rs 1,161 per share, which is nearly 7% discount to the last closed price. The offer is open for non-retail investors only and on May 19, which is the T Key Points
Economic TimesWill 'sell in May and go away' be a good idea for investors this year?
Investors are questioning whether the sell in May and Go Away adage will hold true after the recent 6% surge in the Nifty. The US Federal Reserve's rate-setting panel meeting and the recent failure of First Republic Bank are expected to increase uncertainty, leading to concerns about whether the market will sustain the recent rally. While the past 23 years have shown mixed results for the maxim, analysts are recommending clients to load up on their favourite stocks in case of a sell-off. Key Points
Economic TimesGovt proposes to sell up to 3.5% stake in defence firm HAL
So far, the government has mopped up 311.1 billion rupees by selling its shares in state-run firms as against its target of 500 billion rupees for the financial year ending March 31. Key Points
The Indian ExpressSheetz halves gasoline price for 4th of July, Independence Day
Sheetz will sell gasoline at USD 1.776 as long as the stock lasts. Unleaded 88, E85, mid-grade as well as premium grade fuel will come under this scheme. But it will not cover Ethanol, diesel, and free fuel. Key Points
Economic TimesPE firm Olympus to sell up to $235 million stake in India's Aster DM, term sheet shows
By M. Sriram and Dimpal Gulwani (Reuters) -Private equity firm Olympus Capital Asia plans to sell a 9.8% stake in India's Aster DM Healthcare for up to 19.53 billion rupees (nearly $235 million), Key Points
ThePrintSlap youth who chant Modi, says Karnataka’s Culture Minister
The Kannada & Culture Minister, while campaigning for the party in Koppal Lok Sabha seat on Sunday, said the PM promised to create 20 million jobs a year, and if he had walked the talk, the country would have had 200 million new jobs in the past 10 years. But the PM was now asking the unemployed youth to go and sell Pakoras, the minister said, and added if they still uttered the name Modi, they deserve a slap. Key Points
Economic TimesFor risk takers with long-term perspective: 5 midcap stocks with upside potential of up to 47%
Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air. Key Points
Economic TimesVishal Mega Mart planning $1 billion IPO: Report
India's Vishal Mega Mart plans a $1 billion IPO to value the budget supermarket chain at up to $5 billion. Partners Group and Kedaara Capital will sell shares. India's retail market could be worth $2 trillion by 2033. Key Points
Economic TimesIndia's IndiGo co-founder Gangwal to sell airline's shares worth $450 million, report says
BENGALURU (Reuters) - Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block Key Points
ThePrint
Paramount in talks to sell India TV stake to Mukesh Ambani's Reliance?
Last month, Reliance agreed to acquire Disney’s India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content. Key Points
Business Today'Family proposes to sell small number of shares held by PMSL': Mahindra & Mahindra
The floor price for the deal is expected to be Rs 1,911.5-1,970.65, as per news reports. The deal is at a discount of 0-3% to Wednesday's closing price for the stock. The deal size is likely to be $17,777 million. Key Points
Business TodayCheck vitals before admitting them in your portfolio: 5 smallcap stocks from different sectors
In the last three days, including this morning when markets opened for trading, all those investors who have overloaded small caps in their portfolio have probably gone through three different emotions. Monday , my portfolio has gone dramatically, should I sell. Tuesday, my portfolio value has recovered, it was just a correction, should I buy more. This morning, once again why the value of my portfolio is down, should I sell. For all those who have gone through these emotions. Let the market be volatile, don't make volatile decisions. Corrections are part of any market and especially when valuations are high, the frequency and magnitude of correction will be higher. For all those who are looking to deploy more money and are focussed on small caps, it would be better to put more checks and balances, both qualitative and quantitative and be selective in buying stocks. More importantly, even after putting in all the efforts of checks and balances, be ready to see a short term drawn down in the value of your portfolio, because if there is a deep correction in the markets, small caps, stocks tend to shed more weight. Key Points
Economic TimesUS says it dismantles 'Warzone RAT' malware service, suspects arrested
By Nate Raymond BOSTON (Reuters) - U.S. authorities on Friday said they had seized websites used to sell cybercriminals malware called "Warzone RAT" that could be used to steal data from victims' Key Points
ThePrintJeff Bezos to sell up to 50 million Amazon shares
International Business News: Jeff Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on a stock surge. This article provides details on Bezos' plan and the impact on his wealth and ranking in the Bloomberg Billionaires Index. Key Points
Times Of India
Jeff Bezos to sell up to 50 million Amazon shares by January 2025
The sale plan, which is subject to certain conditions, was adopted on Nov. 8 last year and will be completed by Jan. 31, 2025, according to the company's latest annual report. Key Points
Economic Times4 things that can go wrong if you invest just to save tax
Many investors view tax concessions as choices that must be optimised. Why should we worry about this? We may end up with an asset allocation that wont serve our goals and needs. We may give up operational flexibility while choosing products. We may not be able to access the asset for other important uses. Key Points
Economic TimesFirstcry files IPO papers. SoftBank, M&M to sell stake
Firstcry IPO: Firstcry's parent Brainbees Solutions will sell shares worth Rs 18.16 billion ($218 million) and existing investors, including SoftBank, will sell up to 54.4 million shares. Key Points
Economic TimesJack Ma's family trust to sell Alibaba shares amid US export curbs
US News: Alibaba Group Holding reported a 9% increase in revenue for Q3, reaching 224.8 billion yuan ($31 billion), in line with market expectations. However, Key Points
Times Of India