Sunday, August 16
President Donald Trump has warned that it would "be a complete mess, and almost impossible for our Country to pay" back the money the US has collected from his sweeping tariffs if the Supreme Court rules he doesn't have the unilateral ability to impose many of them. In a social media post on Monday, he said that if the court strikes down his tariffs: 'WE'RE SCREWED!' Trump has increasingly posted warnings on social media about the court's looming decision, including similar posts many days last week about how complicated it would be for the government to issue refunds."It may not be possible," Trump said in his post about repaying the tariffs. But, "if it were, it would be Dollars that would be so large that it would take many years to figure out what number we are talking about and even,
Global brokerage CLSA has maintained its “Outperform” rating on HDFC Bank, projecting a potential upside of over 27% from current levels, even as the stock remains under pressure in the short term. The brokerage has set a target price of Rs 1,200 on the stock, which is currently trading near Rs 943.50 on the BSE, after falling 6.2% from its January high of Rs 1,006.30.Addressing investor concerns around slower deposit growth and the lack of immediate margin improvement post-merger, CLSA believes these issues are either temporary or misunderstood.It expects FY27 to be a "bounce-back year" for the bank, supported by improving operating dynamics and cost rationalisation.Valuations, according to CLSA, are now attractive, with HDFC Bank trading at a 10–12% price-to-book (PB) discount to I
ET Intelligence Group: The third quarter results season for the IT sector has begun on a positive note with each of the two top-tier software exporters including Tata Consulting Services (TCS) and HCL Technologies (HCL Tech) reporting better than expected revenue and profit figures for a historically weak quarter due to holidays. While each of them showed a sustained business momentum in terms of new orders, the real showstopper was HCL with a nine-quarter high new order booking worth $3,005 million. TCS kept its new order booking above $9 billion for the fifth consecutive quarter with $9.3 billion worth of deals in the latest quarter. HCLTech also marginally improved the FY26 revenue growth guidance for the services segment to 4.75-5.25% from the earlier 4-5% in constant currency. An ana
Despite Iran's nationwide protests and years of external pressure, there are as yet no signs of fracture in the Islamic Republic's security elite that could bring an end to one of the world's most resilient regimes.Adding to the stress on Iran's clerical rulers, U.S. President Donald Trump has repeatedly threatened military action over Tehran's severe crackdown on the protests, which follow an Israeli and U.S. bombing campaign last year against Iran's nuclear program and key officials.But unless the street unrest and foreign pressure can prompt defections at the top, the regime, though weakened, will likely hold, two diplomats, two government sources in the Middle East and two analysts told Reuters.Around 2,000 people have been killed in the protests, an Iranian official told Reut
Mumbai: Retail investors' confusion over where to invest in a wobbly stock market is increasingly prompting them to delegate allocation decisions to fund managers. Flexicap funds, which give fund managers the flexibility to invest in large, mid or small-cap stocks based on their outlook for the market, garnered the highest flows in 2025, a reflection of investors' lower confidence in specific share categories such as small or mid-caps delivering steady returns in a narrowing stock market. This category garnered ₹80,979 crore in 2025 compared to ₹40,962 crore in 2024. Multi-asset funds garnered ₹47,056 crore in 2025, up from ₹42,568 crore in the previous year. Flows into thematic and sectoral funds, which have fallen out of favour, fell from ₹1.55 lakh crore to ₹38,144 crore in
Ace investor Mukul Mahavir Agrawal added two new stocks - Hindustan Construction and Sudeep Pharma - to his Rs 6,500-crore equity portfolio in the December 2025 quarter, while trimming his exposure to Monolithisch and likely exiting Stanley Lifestyles. With shareholding disclosures still being released, further portfolio changes cannot be ruled out.The market veteran has marginally reduced his stake in Monolithisch by 0.2% to 2.76%, data from the National Stock Exchange showed. He also appears to have exited Stanley Lifestyles, either through a complete sale or by bringing his holding below the 1% disclosure threshold. Agrawal is the founder of Param Capital Group and has over two decades of experience in the capital markets.One of the new additions is Hindustan Construction Company, where
