Bank of America’s Global Fund Manager Survey (FMS) for April showed that investors remain bearish since December last year as credit crunch caused a double dip in global growth and the highest bond allocation since March 2009. Around 35% of those surveyed said the US Federal Reserve would start its easing cycle in the first […]
The Vodafone Idea board on Tuesday, for the second time, approved a proposal to settle Rs 1,600-crore dues with telecom tower firm ATC Telecom Infrastructure through the issuance of equity convertible debt bonds. However, this time the board has not said the optionally convertible debentures (OCDs) would be subject to the government having converted the […]
Shares of Bajaj Finance and RBL Bank fell on Tuesday after Reserve Bank of India(RBI) reportedly granted a one-year extension to the co-branding partnership between these entities. The extension is less that the term sought by Bajaj Finance, according to a report from CNBC-TV18 on Tuesday. Shares of Bajaj Finance fell 2%, and those of […]
By Amit Pabari After consolidating for almost 2 years in the range of 72.30 to 77.00 zone, the Indian Rupee approached to test fresh all-time low against USD. The factors which took it from 74.50 to 77.00 mark were obviously higher crude oil prices led by the Russia-Ukraine crisis, risk-off led stronger US dollar and […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the green on Friday despite mixed global cues, while the silver rate is down 0.13%. On Multi Commodity Exchange, gold April futures were trading at Rs 55,743 per 10 grams, up Rs 156 or 0.28%. Silver March futures were trading lower […]
Indian government bond yields were steady early on Wednesday in the run up to U.S. inflation data, expected to help market participants better gauge the Federal Reserve’s policy outlook and make bets accordingly. The 10-year benchmark 7.26% 2033 bond yield was trading at 7.0494% as of 10:20 a.m. IST, after closing at 7.0445% on Tuesday. […]
Tata Motors, one of India’s largest commercial vehicle manufacturers has secured an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply1,350 units of theTata LPO 1618 diesel bus chassis. Developed for intercity and long-distance travel, the Tata LPO 1618 conforms to BS6 emission protocols, is high-on performance, provides passenger comfort and offers […]
Several small- and mid-sized mutual funds have seen robust asset growth in the past year on the back of stand-out returns and retail flows. Mirae Asset Mutual Fund, Edelweiss MF, Canara Robeco MF, PPFAS MF, PGIM MF and Quant MF have clocked an AUM growth of 15-222% in the past year against the industry average […]
Government agencies and the ministry of corporate affairs (MCA) will await the findings of the probe by the Sebi into the allegations around Adani Group before deciding on a further course of action. “As of now, the matter is with the Supreme Court, which has set up an expert committee to investigate the matter. Sebi […]
CLAT 2024 Counselling: The Consortium of National Law Universities (NLU) unveiled the 1st allotment list today, December 26, 2023. This list pertains to the provisional CLAT (Common Law Admission Test) allotment for admission into law programs. Aspirants can access the CLAT 2024 allotment list in PDF format on consortiumofnlus.ac.in. According to the CLAT 2024 counseling […]