RBI governor says global factors need to be identified in inflation and policy coordination

Global factors should get more importance in the assessment inflation Risks in the light of current events Europe Where war has a significant impact on the price situation, Reserve Bank of India Governor Shaktikanta Das has said. Delivering a speech at an event organized by the Institute of Economic Development, Das said, “Recent developments call for greater recognition of global factors in the dynamics of domestic inflation and macroeconomic growth, which can lead to policy coordination among countries to achieve better results.” and underscore the need to enhance dialogue.” in…

One strong global minimum tax outweighs two weak ones

According to recent news Report, Congressional Democrats are considering watered-down versions of two of last year’s measures Build Back Better Act, The alternative minimum tax on global book income of large corporations would allow a deduction for current investment expenditures, and the global intangible low-income (GILTI) reform would continue to allow for cross-country pooling of foreign income and tax credits. imposing a single global minimum tax that is consistent with OECD/G-20 Pillar 2 Model Two weaker global minimums would be easier than levying taxes and increasing revenues more efficiently. And,…

HDFC: What do global brokerages say on Dalmia Bharat, HDFC merger and financials

New Delhi: Global brokerages have turned positive on select Indian regions as companies have started providing updates for the June 2022 quarter performance. That said, some people have a point of caution on infra play. J. P. Morgan Has maintained its ‘overweight’ stance on the cement company Dalmia Bharat 1,680 over the counter with a target price of Rs. However, it has further cut its consensus earnings for the company. The brokerage said the earnings outlook remains bleak, though Q2 should be at the bottom and pricing power would be…

Vedanta Share Price: Global brokerages rise up to 115% in Tata Steel, Vedanta, Gland Pharma

New Delhi: Despite strong volatility in sectors such as metals, mining and pharma, global brokerage firms are bullish on select stocks in these pockets. Global brokerage City remains bullish on Citi , Maintaining rating of purchases over the counter. However, it has reduced its target price from Rs 1,800 to Rs 1,085, indicating a growth of 25 per cent in the counter from its previous close. The brokerage believes that weakness in China’s export prices will hurt the company, leading to a 32-34 per cent cut in EBITDA on account…

Apollo: Apollo Global revisits ARC joint venture with ICICI Bank, ‘looking for exit’

US-based private equity giant Apollo Global management is rethinking its asset reconstruction company (arch) after failing to start due to intense competition in the troubled debt space and seeks new avenues to invest in the space through an Alternative Investment Fund (AIF). Five people familiar with Apollo’s plans said the company has decided to invest in distressed assets through its AIF and will seek a buyer of over 90% of its stake in ARC. A person directly aware of the matter said, “Nowadays no fund needs to have an ARC…

More global minimum tax drama, more state tax cuts

Why Hungary is stalling the global minimum corporate tax deal. The nation told the European Union off today’s agenda Proposed 15% global minimum corporate tax. Reason: “Europe is in deep trouble without a global minimum tax. We are not supporting an increase in taxes for Hungarian companies and we are not willing to put jobs at risk,” says Hungarian Foreign Minister Peter Sizzarto. stay tuned. The Pennsylvania Senate approved a cut in the corporate income tax rate. Republican Controlled Senate Two different plans approved This week. Each will reduce the…

Indian companies slip in global ranking; Top 500. four steps out of

LONDON: The turmoil in the stock market has impacted global rankings of Indian companies, 14 of which appear in a new list of the world’s 500 most valuable firms, with their market value of nearly $150 billion in the first three years. decline has been observed. months of this year. Of the 14 present in the latest list, 13 have reported a drop in their rankings, while four companies – Mukesh Ambani-led Reliance Petroleum, public sector Indian Oil Corp (IOC), realty company Unitech and housing loan giant HDFC – have…

Zomato Share Price: Blinkit deal ‘poison bullet’ for Zomato? Here’s What Global Brokerages Say

Shares of the food delivery platform have fallen more than 58 per cent from their all-time highs, leaving the stock firmly in place. However, the global brokerage maintains a mixed stance on this new age internet company. global research firm hsbc He believes that creating a grocery business will act as a “poison pill” for Zomato. This would require a reasonably high investment and hence be a waste of cash as well as it is likely to be a significant logistical challenge to execute. The brokerage highlighted that Zomato aims…

Global Stocks: When Global Stocks are in Bear Market, Can Nifty Be Far behind?

Amid fears that the Federal Reserve’s fight against inflation could plunge the US economy into a recession, not just american stock But also the MSCI ACWI index, which includes stocks from both emerging and developed markets, officially slipped into bear territory this week. The S&P 500 is down more than 21 percent from its record high and the tech-heavy Nasdaq is down 33 percent from its high. Back home, the headline index Nifty 50 is down nearly 15 per cent from its all-time high of 18,604.45 on October 19. Are…

Mutual Fund Schemes: ‘Stay on Global MF Schemes, Avoid Lump sum Investing’

Mumbai: Investor’s stake in international equities Mutual Fund Schemes Selling in various has led to a fall of 30-40% global market in the last six months. but Investment Advisors and analysts are suggesting that investors should maintain these investments despite losses and even revisit new systematic investment plans.sip) in them as and when regulatory restrictions are removed. Investors can still start investing in some of the index schemes tracking US indices available for investment. Vidya Bala, Co-Founder, Prime Investor, a retail research firm. He added that conservative investors can start…