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Foreign net purchases of Samsung Electronics reach all-time high

Jan 1, 2024

Seoul, Jan 1 (IANS) Foreign investors' net purchases of Samsung Electronics stocks reached an all-time high last year on rising expectations of a recovery in the semiconductor industry, bourse data showed on Monday.Offshore investors scooped up a net 16.7 trillion won ($12.9 billion) worth of stocks of Samsung Electronics, the world's largest…

Hope ‘sophisticated’ investors are not taking cues from retail flows, says brokerage

Jan 1, 2024

New Delhi, Jan 1 (IANS) The returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks, says a report by Kotak…

Business

Markets vulnerable to corrections as most of the good news is in price

Jan 1, 2024

New Delhi, Jan 1 (IANS) As the New Year begins it is a Goldilocks scenario for the economy and markets, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.The growth momentum in the economy is strong. 7 per cent…

Business

From Zomato to Oyo, massive surge in orders, bookings on New Year’s Eve

Jan 1, 2024

New Delhi, Jan 1 (IANS) Food delivery platforms like Zomato and Swiggy and quick commerce platforms like Blinkit and Zepto, along with hospitality major Oyo, saw highest-ever orders and bookings on the New Year's Eve, compared to previous…

Business

International alert triggers safety checks on Boeing 737 Max fleet by Indian airlines

Jan 1, 2024

New Delhi, Dec 31 (IANS) An international advisory alerting to a potential safety concern related to loose bolts has been issued for the worldwide Boeing 737 Max passenger aircraft fleet. This has prompted at least three airline operators…

Business

Remarkable finish for US oil & gas sector with strong production figures for 2023

Jan 1, 2024

Washington, Dec 31 (IANS) The US has produced more oil and natural gas than ever before even as government planners were trying a tectonic shift to other alternative greener sources of energy to adhere to the climate change protocol's…

Business

Zomato ‘war room’ handles order surge with over 3.2 lakh delivery boys

Jan 1, 2024

New Delhi, Dec 31 (IANS) As food orders surged on New Year's Eve, Zomato CEO Deepinder Goyal shared images of the "war room" at the company headquarters.Zomato executives and other team members were seen ready with cans of coke and food for…

Business

A record share of S&P 500 stocks underperformed in 2023 in ‘weirdest bull market in…

Jan 1, 2024

New York, Dec 31 (IANS) The S&P 500 index is closing in on a fresh record high as 2023 draws to a close. Unfortunately for stock pickers, many of the index's constituents remain well below their highs from January 2022, MarketWatch…

Business

US dollar losing its dominance

Dec 31, 2023

Moscow, Dec 31 (IANS) The US dollar’s share of global central bank reserves has continued to decrease, nosediving to 59.2 per cent in the third quarter of 2023, according to the latest data released by the International Monetary Fund (IMF).…

Business

Ratings agencies cheer India’s GDP surge buoyed by infra push, strong DPI

Dec 31, 2023

New Delhi, Dec 31 (IANS) India has emerged as the world’s fastest growing economy amidst a worldwide economic slowdown and continues to be a bright spot going ahead with the IMF upgrading its growth forecast for the country twice this year.…

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