SBI Mutual Fund on Tuesday increased its stake in building materials company Nuvoco Vistas Corporation by acquiring nearly 3 per cent stake for over Rs 158 crore through an open market transaction.
Posts in category Economic Times
Fed rate cut looms: What it means for gold prices, dollar (17-09-2024)
Market sentiment is uncertain as the Fed is widely expected to cut rates soon, with a higher probability of a 50 basis points cut than a 25 basis points one. This uncertainty, combined with upcoming elections and key US economic data releases, is likely to cause fluctuations in gold prices.
NBFC deposit base grows 21% in FY24 as banks struggle (17-09-2024)
Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks’ 13.5% growth, according to RBI data. Major NBFCs like Bajaj Finance and Shriram Finance offer higher interest rates than banks, making them attractive to savers. The number of deposit-taking NBFCs has been reduced to 25 from 34 last year.
US stocks open higher after retail sales data, Fed decision in focus (17-09-2024)
Wall Street’s main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve’s policy meeting starting on Tuesday, after data signaling a healthy consumer allayed worries of a sharp slowdown in the U.S. economy.
FPIs make a beeline to Indian equities in September amid hopes of Fed rate cut (17-09-2024)
Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.
Decoding the future of Rexas Finance (17-09-2024)
Rexas Finance (RXS) is poised to become a key player in tokenising real-world assets using blockchain technology. With its presale underway, the platform aims to revolutionise trading in assets like real estate and art. Predictions suggest significant price increases by 2025, driven by major exchange listings and DeFi integrations.
Mumbai-based PMEA Solar Tech Solutions files DRHP for IPO (17-09-2024)
The company, working with its lead managers, might decide to raise additional funds up to Rs 120 crore through methods like a private placement or preferential offer. If this happens, the amount raised in the current share offering will be decreased accordingly.
Technical Breakout Stocks: Mahanagar Gas, Policy Bazaar and Britannia Industries hit fresh record highs on Tuesday (17-09-2024)
Sector-wise, buying interest was observed in auto, utilities, consumer durables, telecom, and realty, while metal, infrastructure, and capital goods faced selling pressure.
Gold imports doubled to record high of USD 10.06 bn in August (17-09-2024)
Gold imports more than doubled in August to a record high of USD 10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at USD 4.93 billion in August 2023.