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Soaring pound is unlikely comeback story in 2023

Updated at : 2023-04-17 07:20:04

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But the bleak views are proving to be overstated, at least for now. The pound has roared back this year, delivering the best performance of any major developed currency. Strategists are turning more positive too, with Nomura Holdings, NatWest Markets and HSBC Holdings saying the rally will continue.

There are two really big differences in the global investing environment that are different from anything I have seen. The first is inflation, brought on to some degree by loose fiscal and monetary policy in the West, especially the US. And it has unleashed an inflation dynamic, which is something we have never really dealt with, for the last 40 years. Secondly, we now have a great global power conflict and again to some degree, one of the dimensions that created that disinflation, is now in reversal.

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Kolkata-based Kesoram has been grappling with high leverage and defaulted on interest payments in January 2020. In an effort to unlock value, the company demerged its tyre business in FY20. However, the economic slowdown caused by the Covid-19 pandemic further stressed the company.

Raghav Productivity Enhancers is one of the largest ramming mass producers in the world. Ramming mass is used as furnace refractory lining material for steel companies.

The moot issue for any start-up is the ease of compliance, clarity on tax, flexibility in transferring funds in global markets, multiple currency acceptance via a single bank account to ease conducting of trading operations from various countries, ambiguity on undertaking certain cash outflows from India, reporting compliances, etc.

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The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares in the stock market and widen the shareholders base by making the equity shares more affordable to small investors.On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio

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“Largecap IT companies or the sector as a whole will probably get into a time-wise correction. A large part of the price damage is already done. The midcap universe probably did disappoint in terms of earning expectations. It might correct more because the valuations in comparison with largecaps are still relatively higher.”

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Stablecoins are cryptocurrencies designed to maintain a stable value, typically by being pegged to a stable asset such as the US dollar. Investing in stablecoin can help mitigate market volatility because they are less susceptible to price fluctuations than other cryptocurrencies such as Bitcoin or Ethereum or any other

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This often leads to a phenomenon known as "System hopping," where traders experiment with various strategies across different asset classes, unaware of the finite nature of their funds. As a result, they often deplete their trading capital, become demotivated, and exit the market.

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