Road projects may hit slow lane in near term

A  25 per cent year-on-year (Y-o-Y) increase in budget allocation tow­ards the roads sector for FY24 has led to renewed interest among investors. However, a combination of escalating costs for Bharatmala and unseasonal rains to some extent have impacted progress. Bharatmala’s cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the finance ministry has asked MoRTH […]

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U.S. Stocks Move Mostly Higher, Extending Upward Trend

After moving mostly higher over the past few sessions, stocks saw some further upside during trading on Tuesday. The major averages recovered from an early pullback and climbed firmly into positive territory as the day progressed. The major averages once again finished the session at their best closing levels in well over a year. The Dow climbed 173.01 points or […]

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‘2024 poll will be major event for mid/smallcaps’

‘It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.’ Retail investors have taken to equity markets like never before, with the dematerialised (demat) account tally hitting the 132 million mark recently. Gurpreet Sidana, CEO, Religare Broking, tells Puneet Wadhwa/Business Standard in an e-mail interview that the successful players going ahead may not be […]

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IBC: Timely support from the judiciary is MUST

IBC has been revolutionary in many ways and is a formidable instrument for stress resolution. And despite the room for improvement, the overall effectiveness of IBC in the distress space is unmatched, notes Saloni Kothari. It has been seven years since the Insolvency and Bankruptcy Code (IBC) came in force as a big-ticket reform. While there is scope for improvement, […]

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Asian Shares Mixed As Focus Shifts To Fed Meeting

Asian stocks ended mixed on Monday as investors awaited cues from a slew of central bank meetings and key U.S. economic data due later in the week that could dent market hopes for rate cuts next year. After an upbeat nonfarm payrolls report, investors have already scaled back expectations for a March cut by the Federal Reserve. The Fed meets […]

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