Indian Energy Exchange to launch HP-DAM segment
Sun, Feb 26, 2023 2:42 PM

Indian Energy Exchange to launch HP-DAM segment

The Indian Energy Exchange intends to launch the High Price Day Ahead Market segment by mid-March, allowing power generation companies to sell power at prices high as Rs 50 per unit. 3 types of power generators have been allowed to participate in the HP-DAM market: gas-based generating stations using imported RLNG and naphtha, thermal plants using imported coal, and Battery Energy Storage System.

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Numerous G20 members have investigated bans on cryptocurrencies
Sun, Feb 26, 2023 1:47 PM

Numerous G20 members have investigated bans on cryptocurrencies

Many G20 coalition members, according to the RBI, have expressed interest in studying the possibility of outright banning cryptocurrencies. On the second & last day of the G20 finance ministers & central bank governors' meeting in Bengaluru, Das was cited as saying, "There were viewpoints stated indicating that the possibility of a ban or prohibition should be examined."

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Twitter fires a minimum of 50 workers in a bid to slash costs 
Sun, Feb 26, 2023 1:28 PM

Twitter fires a minimum of 50 workers in a bid to slash costs 

Elon Musk's Twitter Inc. fired dozens of staff members on Saturday, marking at least the 9th round of layoffs since Musk acquired control of the social network in late October. The job losses affected numerous engineering teams, including those supporting advertising technologies, the primary Twitter app, & technical infrastructure to keep Twitter's systems up and operating.

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India's economic growth seems fragile- RBI MPC member
Sun, Feb 26, 2023 1:00 PM

India's economic growth seems fragile- RBI MPC member

RBI Monetary Policy Committee member Jayanth R Varma, India's economic growth appears to be fragile. He predicts that inflation will remain high in 2022-23 but will fall significantly in 2023-24. While noting that high interest rates make private capital investment more difficult, he stated that the government is in fiscal consolidation mode, reducing the economy's support from this source.

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FPIs sell-off spree hasn't stopped
Sun, Feb 26, 2023 12:45 PM

FPIs sell-off spree hasn't stopped

Foreign investors have been cautious this month, withdrawing Rs 2,313 crore from Indian equities ahead of the release of the Federal Reserve's latest meeting minutes. However, compared to January, when Foreign Portfolio Investors (FPIs) took out Rs 28,852 crore, the pace of selling has slowed. According to depositories' data, this was also the worst outflow in the previous seven months.

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Secret sauce of Buffett's investments
Sun, Feb 26, 2023 12:30 PM

Secret sauce of Buffett's investments

Warren Buffett believes that picking businesses over stocks is the key to Berkshire Hathaway's success in creating value for its shareholders. Buffett stated that Berkshire has been able to select businesses that have created long-term value, by emphasizing 1994 purchase of Coca-Cola for $1.3 billion, which has now grown to a value of $25 billion excluding yearly dividends.

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Russia-Ukraine war prompt the rise of defence stocks
Sun, Feb 26, 2023 12:15 PM

Russia-Ukraine war prompt the rise of defence stocks

Russia-Ukraine war has prompted investors to take a closer look at defence companies. Significant value is being unlocked in the sector, and that the growth potential of defence equipment manufacturers is on a high. Defence stocks have surged, outperforming broader indices, driven by expectations of increased military spending by Western nations to assist Ukraine in its fight against Russia.

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335 infra projects suffer from cost overruns of Rs 4.46 lakh crore
Sun, Feb 26, 2023 12:00 PM

335 infra projects suffer from cost overruns of Rs 4.46 lakh crore

According to an official report, cost overruns of more than Rs 4.46 lakh crore have affected 335 infrastructure projects, each involving an investment of Rs 150 crore or more. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, 335 of 1,454 projects had cost overruns, and 871 were delayed.

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9/10 firms lose Rs 1.87 lakh cr in market valuation
Sun, Feb 26, 2023 11:45 AM

9/10 firms lose Rs 1.87 lakh cr in market valuation

Last week, 9/10 of the most valuable companies saw their market valuations fall by a total of Rs 1,87,808.26 crore, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark fell 1,538.64 points, or 2.52%, on fears that the US Federal Reserve would raise interest rates further to combat inflation.

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Australia PM calls on banks to hike interest rates on deposits
Sun, Feb 26, 2023 11:26 AM

Australia PM calls on banks to hike interest rates on deposits

Australian PM Anthony Albanese has urged the country's major banks to raise deposit rates for savers. The country's interest rate increases for deposits had been smaller and less consistent. To combat inflation, which is at a three-decade high of 7.8%, the Reserve Bank of Australia has raised interest rates by 3.25 percentage points since May and has stated that further increases are likely.

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A whale just did the largest NFT dump ever
Sun, Feb 26, 2023 11:25 AM

A whale just did the largest NFT dump ever

The NFT whale Machi Big Brother has sold 1010 NFTs on Blur in the last 48 hours, in what is beoing called the biggest NFT dump ever. Blue chip collections such as Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) are among the sold NFTs (MAYC). The mass sale comes ahead of the much-anticipated second airdrop from NFT marketplace Blur.

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Japan PM calls for workers' pay hikes
Sun, Feb 26, 2023 11:10 AM

Japan PM calls for workers' pay hikes

As annual labour negotiations conclude next month, Japan must spread the momentum of wage growth across the country to combat rising inflation, PM Fumio Kishida said on Sunday, backed by a major business lobby. For years, wages in Japan have risen slowly, but the government has now placed a strong emphasis on wage increases to ignite a positive cycle of economic growth and wealth distribution.

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IIT Madras to establish Rs 100 crore Innovation & Entrepreneurship fund
Sun, Feb 26, 2023 10:55 AM

IIT Madras to establish Rs 100 crore Innovation & Entrepreneurship fund

IIT Madras will establish a Rs 100 crore Innovation and Entrepreneurship fund to support student and faculty efforts to establish start-ups. These are among the top objectives outlined in the Institute's Strategic Plan for the Period 2022-27. The goals include conducting nationally and internationally recognized basic and translational research, and building a diverse alumni and faculty base.

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What is keeping D-street traders on an edge this week?
Sun, Feb 26, 2023 10:40 AM

What is keeping D-street traders on an edge this week?

The continued rout in Adani Group stocks and the weak global sentiment are likely to keep bulls on the defensive in D-Street next week. Benchmark indices lost more than 2% in a single week last week, snapping a three-week winning streak. The entire month of February has been traded in a range, and after failing to hold the upper end of the range, prices have now slid towards the lower end.

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Which sector's midcap will outperform in 2023, per this Investment Manager
Sun, Feb 26, 2023 10:22 AM

Which sector's midcap will outperform in 2023, per this Investment Manager

Soumitra Sengupta, smallcase Manager and Founder of Lamron Investments, is of the opinion that In India, the IT sector had sold off on fears of a severe US recession, however, it now appears that this will not occur. As a result, the Indian IT sector has begun to show signs of recovery. Hence, he believes that midcap IT could be one of India's outperforming sectors this year.

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