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US lawmakers to unveil bill requiring private equity firms to reveal China investment
Two U.S. senators plan to introduce a bipartisan bill on Thursday that would require private equity firms to make public how much they invest in China and other countries of concern. Key Points
ReutersMidcaps with long term perspective; 4 stocks with high ROE & net profit margin
A high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses which require a constant dose of capital like banks, there are some which may require a higher amount of capital but that would be a one time requirement. Second, how efficiently the management uses those resources. In times like today when interest rates have seen a sharp rise it is the second factor which becomes extremely important. Key Points
Economic TimesUS set to restrict China's access to cloud computing - WSJ
The Biden administration is preparing to restrict Chinese companies' access to U.S. cloud-computing services, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Key Points
ReutersHigh ROE and net margins: Four stocks with key elements for long term wealth creation
Stocks with high return on equity and net profit margin, institutional ownership of at least 10%, and minimum upside potential of 10% are considered in the list of 5 midcap stocks. CMS Info Systems, engaged in cash management; Mahindra Lifespace Developers, a real estate development firm; Emami Limited, a fast-moving consumer goods company; and Home First Finance Company India, engaged in lending, are some of the selected companies. Stock Reports Plus, powered by Refinitiv, generates standardized scores for each of the five key components using a quantitative analysis to help investors make informed investment decisions. Key Points
Economic TimesTelcos may have to share data to curb pesky messages
Trai had mandated telcos to move all commercial messaging (one-time passwords, promotional messages, account balance updates, etc.) to the DLT platform. Key Points
Economic Times
Zerodha's Nikhil Kamath says he ‘felt insecure’ about being a school dropout: ‘Parents gave up on me’
Nikhil Kamath said, “My parents had given up on me. It felt like they had lost hope.” Key Points
Hindustan TimesVegetable price shocks require experts to keep a watch on food inflation, says Crisil Ratings
The report is based on the Google Trends index using data from Google search volumes for a particular time period. With 600 million smartphone users in the country, the Google Trends data is likely to capture the larger sentiment of the country. The Monetary Policy Committee (MPC) cannot directly control food inflation, but persistence of it can become generalised and enter headline inflation. This, in turn, would require a MPC response, Crisil said. Key Points
Economic TimesInterim Budget 2024: Government considers extending FAME II scheme to FY25
Budget 2024: Additional funds for FAME II can be sought in a vote on account, said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year's budget will be a vote on account as general elections are due in April-May. Key Points
Economic Times10 Online Jobs That Pay Well and require No Experience
Many people don't necessarily look for their ideal career every day. Maybe you're just looking for a job that gives you some flexibility and money while you look for a full-time position when you're ready. Key Points
Times of IndiaChinese technicians, engineers may get faster visas for work
There are some sectors which require technicians to come to set up plants here and that's a good idea as it will benefit our manufacturing and exports. We will raise it with the external affairs ministry, said an official, who did not wish to be identified. Exporters have raised the issue of delay in visas to Chinese technicians, which is affecting companies such as those making non-leather footwear and sports shoes in commencing their operations. Key Points
Economic Times
Long term wealth creation: Looking at basics makes the difference
Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from three sectors, biologics, engineering and an auto ancillary company which is focussed on EV space and has been able to get an early lead. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesTata Steel in talks to raise up to $400 million in offshore green loan
The lenders include Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. Key Points
FinancialexpressTata Steel in talks to raise up to $400m in offshore green loan
The debt could have a tenor of about five years and the proceeds would be used for capital expenditure, said the people, who declined to be named because the matter is private. The lenders include Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. Key Points
Economic Times