Month: January 2022

Dow Jones Futures: Apple, Tesla, Microsoft, Fed Meeting On Tap As Bears Rule; What To Do Now

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, heading into a massive week of earnings from Apple to Tesla as well as a key Federal Reserve meeting. The stock market correction took a firm hold last week, with the major indexes suffering sharp losses and breaking several key support levels.




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Even sectors of strength, notably financials, came under heavy pressure. So far bulls have made only momentary charges, with investors quick to sell rebounds instead of buying the dip. It’s a time to be heavily defensive.

Tesla stock and Dow Jones

Third COVID wave may not dent medium term growth prospects, sectoral recovery to be uneven

For now, the RBI is sticking to its growth projection of 9.5 per cent for the current fiscal and has professed to support growth though it has already begun to suck out excess money from the system.

By Narayan Shroff

Once promising, now less so: at the turn of the year, India seemed well placed in its handling of the COVID-19 pandemic. The new year has turned assumptions slightly on their head. An explosion in transmissibility of a new variant – wider, deeper but milder in its infectious potency – has brought fresh concerns about the quality and breadth of

Vardhman Textiles Q3 PAT more than doubles to Rs 431 cr

Its total income for the quarter under review rose to Rs 2,666.8 crore as against Rs 1,806.85 crore in the corresponding period of the previous year (October-December 2020), a regulatory filing showed.

Ludhiana-based Vardhman Textiles on Saturday reported a consolidated profit-after-tax of Rs 431.51 for the third quarter ended December 2021.
The group had reported a profit after tax of Rs 174.85 crore in the year-round period.

Its total income for the quarter under review rose to Rs 2,666.8 crore as against Rs 1,806.85 crore in the corresponding period of the previous year (October-December 2020), a regulatory filing showed.

However,

Netflix stock is now dead money, says analyst

Think twice before jumping into the pool to scoop up the beat-up shares of streaming giant Netflix, one analyst warns after a disappointing earnings report. 

“It would not surprise us even off a substantial decline in the pre-market, that Netflix stock may be dead money amidst muted results in 1Q and the seasonally weak 2Q and the likely need to prove out that there is still significant growth left in streaming,” said Pivotal Research Group analyst Jeff Wlodarczak.

The market appears to be thinking along the same lines on Netflix (NFLX). 

Shares of Netflix crashed by as much as 21%

India aiming at USD 500 billion exports for FY23: DGFT official

In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during a webinar organised by the Bengal Chamber of Commerce and Industry.

India has set up a target of USD 500 billion exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to “reimagine” world trade. In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during a webinar organised by the Bengal Chamber of Commerce and Industry.

“We are bang

Bandhan Bank Q3 profit rises 36 pc to Rs 859 cr

The private sector lender had posted a net profit of Rs 633 crore in the same period of the previous fiscal year.

Bandhan Bank on Friday reported a 36 per cent rise in net profit at Rs 859 crore for the third quarter ended December 31, 2021.

The private sector lender had posted a net profit of Rs 633 crore in the same period of the previous fiscal year.

Total income during the quarter under review increased by 7.7 per cent to Rs 2,837 crore from Rs 2,625 crore in the same period of 2020-21, Bandhan Bank said in a

Ford to e book $8.2 billion fourth-quarter revenue on Rivian funding

Ford Motor Co. stated late Tuesday it can submit an $8.2 billion acquire within the fourth quarter associated to its funding in Rivian Automotive Inc. following the electric-vehicle maker’s November preliminary public providing.

Ford
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and Rivian
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shares inched larger within the prolonged session after the information.

Ford was an early investor in Rivian, a maker of SUVs and electrical pickup vans that turned a public firm in November. Rivian’s well-heeled backers additionally embrace Amazon.com Inc.
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with the EV maker making electrical supply vans for Amazon.

Rivian’s IPO was the biggest of 2021, in

Vagaries of climate drive close to 13 lakh Maha farmers to crop insurance coverage scheme

Considerably, grapes and mango have suffered in the previous couple of days due to huge rains and hailstorms.

Round 12.54 lakh farmers in Maharashtra have registered for crop insurance coverage beneath the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Rabi season of 2021-22. In response to senior officers of the State Agriculture Division, at the least 44,000 extra farmers have opted for crop insurance coverage this season, primarily because of the vagaries of climate within the state.Round 12.01 lakh farmers had registered for crop insurance coverage beneath PMFBY within the 2020-21 Rabi season, Vinayak Awate, chief statistician, Maharashtra Agriculture

NTPC seeks builders for 900-MW photo voltaic park in Cuba

The corporate lately invited banks and monetary establishments to position presents for elevating $750 million as exterior business borrowing to fund its capital expenditure.

State-run NTPC has invited bids from builders to construct a 900-megawatt (MW) photo voltaic park within the Republic of Cuba.

NTPC, underneath the Worldwide Photo voltaic Alliance (ISA) programme, will help Cuba within the choice course of, signing of related agreements and overseeing venture implementation until commissioning. NTPC is the project-management guide of the ISA platform, which goals to advertise photo voltaic expertise in nations mendacity between the Tropics of Most cancers and Capricorn. Cuba is

3 prime web shares for 2022 with as a lot as 40{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} upside

Jefferies: 3 prime web shares for 2022 with as a lot as 40{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} upside

Tech shares are having a sluggish begin in 2022. However Jefferies stays optimistic, particularly in the case of firms within the fast-growing web sector.

The Wall Avenue agency’s web picks fell 5{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in 2021 — notably disappointing efficiency contemplating that each the S&P 500 and the Nasdaq gained greater than 20{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for the 12 months.

Jefferies says that the distinction in efficiency may very well be a “nice alternative” for web shares to make a comeback in 2022.

So right here’s a have a look at