Global stock markets advanced on Friday after a Federal Reserve official raised hopes the US central bank might not step up its anti-inflation fight as much as feared. London, Shanghai, Frankfurt and Tokyo gained. Oil prices edged higher. Bostic said the Fed might be able to suspend additional rate increases by mid-year, sooner than some […]
The Reserve Bank of India (RBI) remains alert and committed to act early and decisively to prevent any build-up of risks, said governor Shaktikanta Das. In his foreword to the 28th issue of the Financial Stability Report (FSR), the governor said that the health of the Indian financial system is steadily improving on the back […]
The consumer durable and electronics industry is betting on 2024 to drive a double-digit revenue growth with most of the headwinds, including unseasonal rains in the peak summer months, weak consumer sentiment due to the inflationary environment, and delayed liquidation of non-rated fan inventory, now appearing to be behind. Brands are expecting growth to come […]
Adani Group stocks have faced significant turbulence and heightened volatility since the release of the Hindenburg report on 24 January, which alleged that the Adani Group knowingly engaged in corporate fraud, stock market manipulation and improper usage of offshore funds. While a few of the conglomerate shares have seen a mild recovery on the bourses […]
Adani Group stocks surged on Friday after the removal of Adani Enterprises, Adani Power, and Adani Wilmar from the National Stock Exchange’s short-term additional surveillance measures (ASM) framework from today. The stocks were added to the framework eight days ago – two days after it was announced that Adani Enterprises would be excluded from the […]
Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in next 4-5 years to 20 million square feet through acquisition mode. Nexus Select Trust has acquired 17 shopping malls since the 2015-16 fiscal year and intends to grow its business inorganically. The company has no plans to develop greenfield […]
By Dharmesh Shah Equity benchmarks edged higher tracking positive global cues. The Nifty settled the previous week at 16719, up 4.2%. Broader markets performed in tandem with benchmark. Sectorally, barring pharma, all other indices ended in green led by financials, IT, metal. The current 10% rally is longer in magnitude compared to intermediate rallies off […]
The allocation for Production Linked Incentive (PLI) scheme is expected to remain unspent in the current financial year and will be reflected in the Budget savings as certification of products that will be eligible for benefits is taking time, a senior official said Wednesday. The budget outlay for auto sector PLI is Rs 604 crore. […]
By Ruchit Jain In March monthly expiry, we witnessed long rollovers in both Nifty and Bank Nifty to the April series as the rollovers were higher than the last 3-month average. However, during this week we have not seen any fresh additions in positions. In Monday’s session, the markets rallied sharply and surpassed the 18000 […]
Kotak Mahindra Bank Limited on Wednesday announced that the Reserve Bank of India (RBI) has approved the appointment of CS Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective 1st January 2024. CS Rajan’s appointment as the next Part-time Chairman of the Bank’s Board follows the retirement […]
网站备案号: 粤ICP备16118000号-1