Wall Street tumbled on Monday and European shares were on track for their largest one-day rout in three months, as global efforts to limit the fallout from the collapse of Silicon Valley Bank (SVB) failed to ease fears. The U.S. dollar slid and bond markets saw a gigantic repricing of rate hike bets. Expectations rose […]
Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut […]
High inflation and impending monetary policy tightening pose a concern for investors around the globe, but at the same time, offer unprecedented opportunities. Narayan Shroff, Investment Director, Barclays Private Clients India, tells Shaleen Agrawal of FinancialExpress.com what lies ahead for capital markets. Shroff shares asset classes and sectors on which he is bullish in the […]
The Central Drugs Standard Control Organisation (CDSCO) has flagged 62 drug samples as they failed the quality test. The alert was issued by the drug regulator for November 2023. The drug regulator’s list, as seen by Financial Express.com, reveals that 1197 drug samples were tested, out of which 1133 samples were of standard quality. 62 […]
Notwithstanding the low level of delinquencies, there is a sign of risk build up in consumer credit, Reserve Bank of India(RBI) said in its latest financial stability report. In November, RBI asked banks and non-bank lenders to maintain a higher risk weight for their exposure to unsecured retail loans. The risk weight on these loans […]
As the recent Berkshire-Hathaway AGM just concluded, Warren Buffett was quoted saying, ““Do not make any mistakes that take you out of the game and you should spend a little bit less than you earn or you’ll never get out of debt.” The famous billionaire has a unique approach to investing and has shared many […]
Domestic equity indices ended Tuesday’s session in the red. The top gainers of the BSE Sensex were Kotak Bank (up 1.59%), IndusInd Bank (up 1.22%), Bajaj Finance (up 0.90%), Bajaj Finserv (up 0.61%) and Larsen & Toubro (up 0.51%) while Tata Steel (down 5.23%), ITC (down 2.65%), Sun Pharma (down 1.74%), Maruti (down 1.72%) and […]
MPPSC SSC Exam Result 2019: Good news for candidates who took the Madhya Pradesh Public Service Commission (MPPSC) state services exam in 2019! On Tuesday, the MPPSC announced the final results for 87 percent of the vacancies. If you had an interview as part of the selection process, you can find your MPPSC 2019 result […]
Banks have become the single largest borrowing source for non-banking financial companies (NBFCs) and the rising interconnectedness between the two sets of lenders may pose contagion risk going ahead, Reserve Bank of India (RBI) deputy governor (DG) Swaminathan J said in a panel discussion at State Bank of India’s (SBI) 2023 banking conclave on Thursday. […]
The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. At […]
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