Saturday, October 17
Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, after India conducted military strikes in response to an attack in Kashmir by Islamist assailants. Cross-border fighting continued for four days before a ceasefire was declared. On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an "indefinite and total boycott" of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashi
Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, after India conducted military strikes in response to an attack in Kashmir by Islamist assailants. Cross-border fighting continued for four days before a ceasefire was declared. On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an "indefinite and total boycott" of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashi
Nifty is expected to extend its upward trajectory in the near term supported by easing geopolitical worries, strong FII inflows, and broadbased participation across sectors. Technically, the next upside targets range between 25,200 and 25,800, provided it sustains above the 24,800 support zone. However, a breakdown below this level could pull the index back toward 24,200. Market breadth remains healthy, with midcap and smallcap indices outperforming, indicating rising risk appetite. Overall, the near-term structure for Nifty remains bullish, with any dips likely to be viewed as buying opportunities.PRITESH MEHTA EXECUTIVE VICE PRESIDENT – RESEARCH, YES SECURITIESWhere is the Nifty headed this week? This week, Nifty rallied by 4%, staging a bullish turtle break and, in the process, it als
ET Intelligence Group: After a lull over the past three months, companies have gradually started floating initial offers amid the current pullback rally in the stock market. Given the popularity of IPOs among retail investors, it makes sense to check the stock performance of the companies that were listed over the past year. An ETIG analysis of 101 mainboard companies that raised money through initial public offers (IPOs) since January 2024 shows that majority of the sample companies have not been able to improve upon their listing gains. In the sample, two out of every three companies currently trade below their listing prices.Though listing gains are what often draws retail investors to the primary market, the analysis shows that only a handful of IPOs generate significant returns on deb
The Reserve Bank of India has granted in-principle approval to Emirates NBD Bank PJSC for setting up a wholly owned subsidiary (WOS) in India.Emirates NBD Bank PJSC currently operates in the country in branch mode. The bank has branches in Chennai, Gurugram and Mumbai.The subsidiary model offers greater operational flexibility for foreign banks operating in India than doing business here through branch banking. The in-principle approval will allow the bank set up the subsidiary through conversion of its existing branches.The bank is present in India since November 2017.The minimum start-up capital requirement for a WOS would be Rs 300 crore and the subsidiary will be required to maintain a capital adequacy ratio of 10 per cent.Its parent bank will be allowed to hold 100 per cent equity in
