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Over the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences

Eight of the top 10 valued firms in India faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week. This was due to concerns over the quantum of the next interest rate hike by the US Federal Reserve. The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms.

Together, as much as 1.35 billion shares are with individual investors -- including retail, HNIs and NRIs -- under the lock-in and another 67 million with exchange-traded funds, and all these are likely to exit if not at one go over the next few weeks, according to analysts

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter

CG Power and Industrial Solutions, Allcargo Logistics, DIC India, Taparia Tools, and Nettlinx will all trade ex-dividend this week. CG Power and Industrial Solutions, Allcargo Logistics, and DIC India will also trade ex-dividend on Wednesday, March 15. SBI Life Insurance, Taparia Tools, and Nettlinx will all trade ex-dividend on Friday, March 17.

Foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, FPIs made a net investment of Rs 11,119 crore in December. However, the intensity of the selling has subsided.

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Grantham joined the What Goes Up podcast to discuss the current state of play in markets, as well as some of the long-term risks he’s been studying, like climate change, de-globalization, the return of the Cold War and shortages in natural resources and labor.

The US Fed chairman recently cautioned that interest rates may be pushed higher than previously expected. These comments fuelled worries about a potentially larger rate hike in the coming meeting.The recent robust economic releases have given room for the US central bank to take aggressive measures to taper inflation, which remains far from their targeted levels

It is now up to the Indian government to encourage this ecosystem in a compliant manner. The government has taken great strides already. Be it a TDS on sales or the recent anti-money laundering (AML) provisions under PMLA, the messaging from the government has been consistent: invest fairly and declare the profits

Accounting: A powerful tool to begin ESG mapping

Updated at : 2023-03-12 13:25:03

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​​For instance, accounting quality is rather a powerful predictor of governance quality. We believe sustainability (ESG) is a culture backed by a history of clean accounts, consistent pro-minority investor actions and thinking very long term. Accounting quality and investment returns have a strong correlation too

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