Posts in category Economic Times
RBI’s now become an enabler of the market economy: Governor Shaktikanta Das (01-04-2024)
"Given the rapid changes taking place in today's world, especially in the areas of technology, innovation, business practices and growing complexities in the financial sector, the Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the evolving situation," Shaktikanta Das said at the RBI's 90th commemoration function on Monday.
Trump’s media company raises going-concern doubts; shares tumble (01-04-2024)
The company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a filing.
Crash or soar? Traders are preparing for stock market extremes (01-04-2024)
As inflation continues to trend downward and the Federal Reserve signals its willingness to cut interest rates this year, rates volatility dropped to the lowest level since February 2022, creating a broadly favorable environment for stocks. The S&P 500 gained 10% in the first quarter — its strongest start to the year since 2019 — and posted 22 new all-time highs in the first three months of 2024.
Microlenders look for ways to tackle skew in credit reach (01-04-2024)
India's microfinance sector is highly concentrated, with the top 10 states representing 85% of the market, leaving many districts and villages with limited access to credit. Sa-Dhan, a microfinance industry body, is investigating reasons for this disparity and aims to encourage lenders to reach under-penetrated areas. Despite recent growth in financial inclusion, many districts have a penetration ratio of less than 30%, indicating a need for expansion in these regions.
US treasury yields advance after strong manufacturing data (01-04-2024)
U.S. Treasury yields rose on Monday as stronger-than-expected manufacturing data raised doubts on whether the Federal Reserve could actually deliver on the three interest rate cuts outlined in its forecast at the last policy meeting.
Is the market turning stock-specific in broader space amid growing Sebi strictures? (01-04-2024)
The smallcap index crashed by over 14% from the highs it touched in Feb, before making a marginal recovery in the subsequent trading sessions. The index is still down by 8%+ from the peak even after this recovery, reflecting the nervousness in the broader space.
Oil stays near five-month highs as tighter supply looms (01-04-2024)
Oil prices stayed near five-month highs on Monday as markets expected tighter supply due to OPEC+ cuts and after attacks on Russian refineries, while Chinese manufacturing data supported a stronger demand outlook.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (01-04-2024)
The blue-chip NSE Nifty 50 index was up 0.61% at 22,462, while the BSE Sensex added 0.49% to 74,014, at the close. Nifty on Monday formed a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels.
These 6 capital goods stocks hit fresh 52-week highs; rallied up to 20% in a month (01-04-2024)
The metric is vital for evaluating a stock's current worth and predicting possible changes in its future prices.