Daily Voice | Overweight on banking and financial space, but valuations for auto not very attractive, says Chandraprakash Padiyar of Tata Mutual Fund

The business outlook for the IT sector continues to be reasonably positive over the next few years. All companies in the sector are looking to grow at double-digit rates for FY23.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-overweightbankingfinancial-spacevaluations-for-auto-not-very-attractive-says-chandraprakash-padiyartata-mutual-fund_16335001.html

A debt typhoon is set to engulf the world, and India won't escape unscathed

Today, Indians are indignant at soaring prices of petrol and diesel. Opposition parties demand further duty cuts by the central government while the prime minister wants the states to cut their fuel taxes. Neither side dares broadcast the bad news that even today's prices are unsustainably low and will soar much higher.

from Economic Times https://ift.tt/2w5Oeyj

Setback for Shanghai's COVID battle; Beijing focusses on mass testing

Shanghai residents breathed a sigh of relief at the weekend on news that no cases had been confirmed outside quarantine areas for two days, but bad news came on Monday with the report of the 58 new infections. Authorities did not comment on the new cases at a media briefing but members of the public weighed in online.

from Economic Times https://ift.tt/1jYdPu6

China contagion threatens to derail the world’s emerging markets

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from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/china-contagion-threatens-to-derailworld’s-emerging-markets_16328861.html

China contagion threatens to derail the world’s emerging markets

China’s slowdown will compound the challenging outlook for emerging economies facing soaring energy prices and tighter monetary policy from the major central banks, said an economist.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/china-contagion-threatens-to-derailworld’s-emerging-markets_16328881.html

Daily Voice | Indian market trading at a premium is justified given the growth story: Nitesh Shah of Elara Securities

Fed is aware that it is the distortion in supply chain which is contributing to the surge in inflation. Hence, we expect them to be mindful and rationale while doing such rate hikes.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-indian-market-trading-atpremium-is-justified-givengrowth-story-nitesh-shahelara-securities_16326801.html

Daily Voice | LIC IPO reasonably priced, should attract fairly high interest: Sandeep Bagla of Trust AMC

As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-lic-ipo-reasonably-priced-should-attract-fairly-high-interest-sandeep-baglatrust-amc_16326101.html

Daily Voice | LIC IPO reasonably priced, should attract fairly high interest: Sandeep Bagla of Trust AMC

As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-lic-ipo-reasonably-priced-should-attract-fairly-high-interest-sandeep-baglatrust-amc_16326121.html

Daily Voice | LIC IPO reasonably priced, should attract fairly high interest: Sandeep Bagla of Trust AMC

As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-lic-ipo-reasonably-priced-should-attract-fairly-high-interest-sandeep-baglatrust-amc_16326141.html

Cash-strapped Pakistan gets $8 bn in financial support from Saudi Arabia

Pakistan secured the deal during the visit of Prime Minister Shehbaz Sharif to Saudi Arabia. The financial package includes doubling of the oil financing facility, additional money either through deposits or Sukuks and rolling over of the existing USD 4.2 billion facilities., The News newspaper reported.

from Economic Times https://ift.tt/CvbO7ln

Beijing shuts dine-in services for holidays to stem outbreak

Restaurants in Beijing have been ordered to close dine-in services over the May holidays as the Chinese capital grapples with a COVID-19 outbreak. Authorities said at a news conference Saturday that dining in restaurants has become an infection risk, citing virus transmissions between diners and staff.

from Economic Times https://ift.tt/TJU5Lx9