Posts in category Economic Times
Citigroup buys shares of two banks for Rs 222 crore (08-04-2024)
US-based Citigroup on Monday bought shares of two private lenders, RBL Bank and South Indian Bank, for Rs 222 crore through open market transactions. Citigroup through its affiliate Citigroup Global Markets Mauritius purchased shares through two separate bulk deals on the BSE.
US Treasury yields hit new highs in wake of March jobs report (08-04-2024)
U.S. Treasury yields rose on Monday as investors continued to question how deeply the Federal Reserve will be able to cut interest rates this year after a strong March jobs report last week.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (08-04-2024)
The Nifty 50 ended flat at 22,513 points, and the pattern on the daily chart suggests that the index is consolidating after a sharp run-up, which is a healthy sign.
SC upholds NAFED tender for export of 35,000 tonne non-basmati white rice (08-04-2024)
Supreme Court approves NAFED's 35,000-tonne rice export to Cote D'Ivoire, dismissing the Rice Exporters Association of India's appeal. Delhi High Court had earlier supported NAFED's tender. No conflict of interest found by the Supreme Court.
SC upholds NAFED tender for export of 35,000 tonne non-basmati white rice (08-04-2024)
Supreme Court approves NAFED's 35,000-tonne rice export to Cote D'Ivoire, dismissing the Rice Exporters Association of India's appeal. Delhi High Court had earlier supported NAFED's tender. No conflict of interest found by the Supreme Court.
Oil steadies above $91/bbl after dip on Middle East ceasefire talks (08-04-2024)
Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict.
General Insurance industry grows 12.78% in FY24 (08-04-2024)
In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agriculture insurance.
General Insurance industry grows 12.78% in FY24 (08-04-2024)
In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agriculture insurance.
Bain Capital likely to sell $431 million worth stake in Axis Bank via block deal: Report (08-04-2024)
Bain Capital is offering Axis Bank shares for Rs 1,071-Rs 1,076.05 a share, and it seeks to raise $431 million through the block trade.
Market Trading Guide: RIL, L&T among 6 stock recommendations for Tuesday (08-04-2024)
Mahindra Logistics is seen to be breaking out of a Rounding Bottom formation on the weekly timeframe, which indicates strength.