Posts in category Economic Times
Levi Strauss surges 20% on profit forecast raise as direct customer sales, cost cuts pay off (04-04-2024)
Shares of Levi Strauss & Co jumped to a more than two-year high as the jeans maker raised its annual profit forecast, powered by new CEO's cost-cutting initiatives and a focus on direct-to-customer sales.
Oil falls ahead of US jobs data, caution on interest rates (04-04-2024)
Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT. Investors are analysing macroeconomic data and monetary policy for potential clues on the outlook for oil demand.
NBFCs record strong growth led by retail loans (04-04-2024)
NBFCs experience strong growth in retail loans. Poonawalla Fincorp and L&T Finance record highest-ever disbursements. M&M Finance shows asset growth and high collection efficiency. Poonawalla Fincorp CEO to be replaced.
HDFC Bank ADRs rally 7% as robust Q4 provisional numbers boost mood (04-04-2024)
HDFC Bank's ADRs surged 7% on NYSE, NSE stock up 3%. Robust growth in gross advances and domestic retail loans. Market awaits core numbers after December quarter challenges.
The Fed is wrong about how low interest rates will go: Bill Dudley (04-04-2024)
Taken together, higher average inflation and a neutral rate of 1% to 1.5% would imply a long-term federal funds rate of 3.5% to 4.0%. So while the Fed’s projections for 2024 look likely to be more accurate than the market’s at the start of the year, this time around it’s the central bank, not the market, that will probably have to adjust.
Ahead of Market: 10 things that will decide D-Street action on Friday (04-04-2024)
Equity indices reach record highs driven by financials and IT stocks. Analysts note support levels, while global markets show mixed sentiments. MACD signals active stock movements as market breadth favors bulls.
Gold consolidates near all-time high on US rate cut hopes (04-04-2024)
Spot gold was down 0.3% at $2,291.88 per ounce as of 10:04 a.m. EDT (1406 GMT), after hitting a record high of $2,304.09 earlier in the day. U.S. gold futures fell 0.3% to $2,308.30. Strong central bank buying and safe-haven inflows amid growing geopolitical tensions have boosted demand for gold, helping to drive the price up more than 25% since October.
Bandhan Bank posts 18% loan growth in FY24 (04-04-2024)
Bandhan Bank in Kolkata saw significant growth in loans and deposits by the end of the 2023-24 fiscal year, with a notable increase in CASA deposits and strong collection efficiency.
Market Trading Guide: PB Fintech, Coforge among 6 stocks recommendations for Friday (04-04-2024)
The S&P BSE Sensex closed 0.47% higher at 74,227, while the NSE Nifty50 index ended above the 22,500 level.
Market Trading Guide: PB Fintech, Coforge among 6 stock recommendations for Friday (04-04-2024)
The S&P BSE Sensex closed 0.47% higher at 74,227, while the NSE Nifty50 index ended above the 22,500 level.