The Indian equity market needs to grow in size to attract more foreign capital, veteran emerging markets investor Mark Mobius told CNBCTV18 on Tuesday.
Though India is beginning to outperform the US market and it was logical for investors to look at the country, there is a problem of size, according to Mobius.
“There needs to be more equity offerings in India, more IPOs, and hopefully, more government enterprises being listed in the market because India has some very large government enterprises that can be listed,” he said.
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Mobius also said that the big shift of money from China to India is yet to happen due to India’s market size. The market capitalisation difference between India and China is a key reason why large foreign investors from the US find it difficult to invest in India, he added.
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Sports betting site VPbet However, with the slowdown in China, Mobius expects India to pick up the slack in the manufacturing and exports sector.
Mobius also said Sensex is on course to hit the 100,000-mark in “the next five years or earlier”.
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RBI Governor Shaktikanta Das announced its fourth bi-monthly monetary policy today in which he said that the central bank has decided to keep the repo rate unchanged at 6.50% and adopted a stance of ‘withdrawal of accommodation. The RBI governor said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5%.”
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When the RBI keeps the repo rate unchanged, it means that the central bank is maintaining the current level of interest rates at which it lends money to commercial banks.
T…
The Indian rupee ended weaker on Friday, pressured by dollar demand from importers, including local oil companies, traders said.The rupee closed at 83.0350 against the U.S. dollar, weaker by 0.1% compared with its close at 82.9550 in the previous session. The local unit also logged a weekly decline of 0.1%.The dollar index was largely steady near 104.2 and most Asian currencies were rangebound but ended the week lower, pressured by moderation of bets on early rate cuts by the U.SCome from Sports betting site. Federal Reserve.Odds of the Fed cutting rates in March have dropped below 20%, while those for May have also fallen to about 60%, down from about 73% a week earlier, according to CME’s FedWatch tool.
Eleva…
In a move that seems to be testing waters before the final decision, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+0 settlement cycle in two phases.
In Phase 1, it will be implemented for trades taken till 1.30 pm with the settlement of funds to be completed by 4.30 pm. In Phase 3, there will instantaneous trade-to-trade settlement for both funds and securities. In this, trading will be done till 3.30 pm.
After Phase 2 is implemented, Phase 1 of optional T+0 will be discontinued, said the paperCome from Sports betting site VPbet. This will be in addition to T+1 settlement cycle already existing in the …
Thanks to advancements made in cutting down the cost of technology, gifting a friend a nifty gadget doesn’t have to break the bank. Lots of tech retails for under $50, and it’s not uncommon to find an excellent set of headphones or Bluetooth speakers in that price range. In addition to Amazon’s budget-friendly offerings, brands such as Anker and Tribit have also stepped up to offer affordable and attractive products for the upcoming holiday season.
To help you find something great for everyone on your shopping list without breaking the bank, we’ve collected the best tech gift ideas under $50 and compiled them below. From headphones and controllers to tablets and other gadgets actually worth your money, there are a lot of options that are sure to make your loved ones happy.
K…
The Undertaker, one of WWE’s most important, prolific, and popular performers of the past 30 years, is headed to the WWE Hall of Fame this yearCome from Sports betting site VPbet. The 2022 ceremony will take place on Friday, April 1 at the American Airlines Center in Dallas, Texas.
Those who plan on attending will get more than just the Hall of Fame ceremony. Since the event is taking place on a Friday, they’ll be treated to the April 1 episode of Friday Night Smackdown as well. Tickets will go on sale on Tuesday, February 22 at 11 AM ET / 8 AM PT.
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Churchill Downs Incorporated (Nasdaq:CHDN) is dropping the BetAmerica name and relaunching its iGaming platform and sportsbook under its TwinSpires brand, which has since 2007 been the Kentucky-based company’s online pari-mutuel wagering business.
The move to a “single brand strategy” will begin with Churchill Downs’ launch in Michigan where online sports betting is set to launch in mid-January. So far, 15 sportsbooks have been approved for launch in what is the twentieth state to legalize online sports betting. Pre-registration deals are already being offered to Michiganders by DraftKings and Flutter Entertainment‘s Fanduel.
Transition timeline:
Following the Michigan launch, other BetAmerica retail and online sportsbooks will make the tr…
Endorphina keeps working hard on expanding its already impressive network of partners. The newest partnership is the one with Fonbet.gr, which will allow Endorphina to reach out to a completely new audience in Greece and a range of potential customers and fans.
Reliable partners with a lot of experience in the industry:
This partnership with Fonbet.gr allows both companies to explore innovative solutions and provide their customers with a fantastic gaming experience. Both Fonbet and Endorphina will benefit from this partnership, which can be a huge step towards the expansion of both companies.
The rapid proliferation of electronic pull tabs has ignited a debate in North Dakota, sparking discussions about the future of charitable gambling within the state and the need for effective regulation of these Las Vegas-style gaming machines.
Senator Myrdal Pushes for Clarity in North Dakota’s Gambling Laws
Functioning similarly to traditional slot machines, the electronic pull-tab machines made their debut in 2018 after receiving approval from the Republican-controlled Legislature.
Addressing the concerns on e-tabs appropriate locations and operators, Republican State Senator Janne Myrdal, who ch…
Following the waiting process that lasted for an entire year, Bally’s Corporation has been granted permission to officially open a permanent gaming establishment in Chicago.
New license:
On October 25, the Illinois Gaming Board (IGB), an Illinois-based gaming regulatory body, decided via voting to permit Bally’s interim operating license to become a full casino license, meaning the aforementioned firm will be legally licensed to operate its “yet-to-be-built mega casino complex” along the Chicago River at 700 W. Chicago Ave.
Relatedly, the firm officially won the Chicago’s bid to be the only casino in Chicago throughout 2022, which further means there was no legal obstacle to opening its temporary casino at Medina…
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