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The result has been increasingly wild moves across the spectrum of asset classes, swings that may persist over another news-packed stretch.

Systematix Shares strategy head says that earnings estimates are starting to be revised on the downside, interest costs are rising, and profits are declining. In fact, profits have also contracted both at the operating profit levels and also at the net profit level. There may be more corrections going ahead. It is better for investors wait before buying into any diagnostic stocks.

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​The bank had a negative cash balance of $958 million at the close of business on March 9

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Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels. Adani has rejected the concerns and denied any wrongdoing.

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Hedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around 80 cents on the dollar in exchange for a guarantee from the fund that owns the companies, according to one of the people.

​​"One of my previous picks was TD Power and I would like to suggest another trade, which is Cummins India. It has already gained 21% this year and is currently trading at 1683. It has been outperforming the benchmark index. One can accumulate it at current levels or on a decline towards 1650."

Why it’s time for private capex to come back

Updated at : 2023-03-11 19:30:04

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Record levels of order flows have been witnessed for all major infrastructure players with the govt’s increasing focus on Gati Shakti scheme and National Infrastructure Pipeline (NIP)

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The number of online frauds has been rising in leaps and bounds though RBI, Sebi, stock exchanges and cyber crime cells have stepped up vigil significantly

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SVB then worked on a plan over the weekend to boost the value of its holdings. It would sell more than $20 billion worth of low-yielding bonds and reinvest the proceeds in assets that deliver higher returns.

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These are Grovalue Financial Services, Analysewise Investment Advisors, Kaushal Mehta, Caledonian Jute and Industries, International Housing Finance Corporation and Brightcom Group Ltd.

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