Chief economic adviser V Anantha Nageswaran and his team are right in calling out the high degree of opaqueness in credit rating methodologies. In a document titled Re-examining Narratives: A Collection of Essays, published by his office, Nageswaran makes the point that the lack of transparency in the assessment methods of the agencies makes it […]
By Shivangi Sarda Nifty index opened positive on Wednesday but failed to hold above 17130 zones and cascaded down throughout the session. Weakness got a tailwind in the second half of the session after the RBI Statement and the index breached its crucial support zones to touch the intraday low of 16623 levels. It formed […]
Sebi on Friday came up with guidelines related to performance reporting and benchmarking by portfolio managers. Managers have to adopt equity, debt, hybrid and multi-asset strategies. A portfolio manager may tag more than one investment approach (IA) to a strategy, but each IA must be tagged to only one strategy. Industry body Association of Portfolio […]
The Central Railway has commenced the use of the fog safety device for the safety of train operations during the winter season which has brought with it an intense fog spell. The device will help loco pilots when the signal visibility is poor, The Indian Express reported. This will allow for safer functioning by reducing […]
India saw a record number of new investors after the share market rallied followed by COVID-19 pandemic fall. The total number of demat accounts more than doubled in nearly 20 months by November 2021 from March 2020, when the pandemic hit. This year, the stock market fell from all-time highs, and began consolidating. In an […]
U.S. stocks were set to open lower on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment. Tesla Inc dropped 2.9% in premarket trading after the electric-vehicle maker cut prices on some […]
A 33-year-old woman has died three weeks after getting infected with H5N6 strain of bird flu in China. According to media reports, she caught the rare form of the dangerous disease in the city of Bazhong, in Sichuan province, shortly after visiting a poultry market. Reportedly, the H5N6 strain is considered to be the most […]
Oil prices fell on Wednesday, erasing the previous session’s gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the world’s biggest oil user, which reignited worries about fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8%, to $74.53 a barrel at 0134 […]
Indian benchmark indices are likely to open on a muted note on Monday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading lower at 17813. In the previous session, BSE Sensex rallied 910 pts or 1.52% to 60,842, while NSE Nifty 50 jumped 1.4% to 17,854. “Banking stocks will react on Monday to […]
Samhi Hotels Ltd – the operator of Marriott Hotels in India – has refiled its IPO draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds including Rs 1,000 crore in a fresh issue of shares. Goldman Sachs-backed Samhi Hotels’ IPO will also have an offer for sale (OFS) […]
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