Posts in category All News
Oil prices tick up as crude, gasoline inventories ease (11-07-2024)
Oil prices rose as U.S. crude and gasoline stocks fell, with Brent at $85.43 and WTI at $82.47. Influences include U.S. inflation data, Federal Reserve actions, Powell's comments, CPI and PPI reports, OPEC's forecast, Hurricane Beryl impact, economic growth, air travel, rate cut speculation, and interest rates affecting borrowing costs.
Dollar adrift ahead of US inflation test; sterling firms (11-07-2024)
The dollar saw a slight decline while sterling strengthened on reduced expectations of a BoE rate cut. Markets await the U.S. inflation report. Fed Chair Powell emphasizes need-based interest rate decisions. BOJ considering tapering bond purchases. Global currencies trading flat with potential shifts ahead.
Climate Change: Emerging variable in monetary policy (11-07-2024)
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
Piramal Capital raises $100-million social loan (11-07-2024)
Piramal Capital & Housing Finance raises $100 million social loan pre-funded by Standard Chartered Bank. The loan, benchmarked to SOFR, will support affordable housing, MSME business loans, and other social causes. The lender aims for 15% AUM growth in FY25 and plans to expand the retail business.
Stocks to watch, July 11: YES Bank, Glenmark Pharma, Nykaa, SBI, Tata Elxsi (11-07-2024)
Stocks to watch, July 11: Global rating agency Moody's has revised its outlook on Indian private sector lender Yes Bank from "stable" to "positive"
SAT orders Religare to apply with Sebi for open offer by Burmans (11-07-2024)
Religare Enterprises directed by SAT to apply for Burman family's open offer to increase stake. Sebi's show cause notice stayed temporarily. Dispute arises over open offer price and 'fit and proper' allegations. Court battles and accusations of fraud escalate between Religare and the Burmans.
Tata Elxsi standalone net profit declines 2.53% in the June 2024 quarter (11-07-2024)
Sales rise 8.96% to Rs 926.46 crore