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The EGR platform will lead to greater assurance in the quality of gold supplied, efficient price discovery, and transparency in transacting. This can create a vibrant gold ecosystem in India by enabling actual fungibility of gold.

Garware Hi-Tech was initially in the business of trading imported cars. Later, the company began polyester film manufacturing. Currently, the company is the leading manufacturer, supplier of high-quality, durable, and highly tensile polyester films internationally.

“Banks will do better rather than what is expected of a consensus call. We are going to have a very eventful 2023. It is not going to be an easy year and 2023 actually can be a difficult year for global markets and also for India. I would not like to crystal gaze, I would rather play by the yield.”

"PSU banking is doing well. All the PSU banks have stronger balance sheets compared to what it was a couple of years back. The event number from the banking sector is very strong. So, this is only fueling the rally. We like Federal Bank, APL Apollo Tubes, Praj Industries, and Campus Activewear for the next 1 year."

The move is positive as RIL shareholders will have a direct play on India’s fast-growing digital fintech market through an entity which would be able to leverage RIL’s vast footprint across telecom and retail arena. Jio Financial Services plans to acquire liquid assets to provide adequate regulatory capital for lending to consumers, merchants.

Tesla shares have been on a dizzying roller-coaster ride this year, as jumpy investors reacted to a wide array of both positive and negative news -- ranging from supply problems, demand concerns, production disruptions in China, a cash-strapped consumer and the looming global recession, to the promise of a big boost to the EV industry from the Biden adminstration’s climate act.

HSBC, which makes the bulk of its sales and profit in Asia, came under pressure from Ping An Insurance Group, the Chinese firm that is its biggest shareholder, in April to explore options including spinning off and listing its mainstay Asia business to increase shareholder returns.

“In terms of the capital goods, we do feel that there is a case for major rerating of the sector though the stocks have already run up about 30-40%. Some of the prominent names like ABB, Siemens, L&T are the names where we think that from a next one to two year perspective, there is going to be a massive growth led rerating. ”

Morgan Stanley maintained its underweight rating on RBL Bank with a target price of Rs 115. Core pre-provision operating profit (PPOP) missed due to lower balance sheet growth/fee income, the brokerage said.

Despite concerns around inflation, high energy prices, and geopolitical tensions, UBS saw a strong inflow of new money, attracting $17 billion in net new fee generating assets in wealth management and $18 billion of net new money in asset management.