India has all the ingredients for success in manufacturing but ready-to-wear garments for export is 40 per cent more expensive here than in Bangladesh.
SEBI has said a nexus operated to pump up share prices of two broadcast companies via ‘misleading’ YouTube videos. Shares were then offloaded for profits at expense of investors.
Shares of Adani Green Energy, Adani Total Gas, Adani Power were down 5%, while Adani Transmission rose 3.5%, Adani Enterprises was also up by 9.5% & Adani Wilmar gained 5%.
The rebound comes after the recent selloff in Adani group stocks, which has caused a rout of over $100 billion in market capitalisation after Hindenburg's report on 24 January.
Risk assets rallied on Friday amid speculation that China was set to relax the restrictions, but it reiterated adherence to a “dynamic-clearing” approach to Covid over the weekend.
The reassuring part of recent stock market history is that it's rare for it to stay down for 2 yrs in a row. Though one must remember that past is no guide to future performance.
Market participants are watching Tata Consultancy Services for signals on the demand outlook for the sector, which is staring at the possibility of a recession in the US and Europe.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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