Posts in category Economic Times
Rising employee productivity to boost IT cos in hard times (07-06-2024)
Top tier IT exporters see rising employee productivity amidst challenges like revenue deceleration, shrinking margins, and lower headcount in FY24.
D-Street almost recoups poll surprise losses (07-06-2024)
India's equity indices surged nearly 1% on Thursday, with markets expected to make fresh highs in the next few trading sessions despite foreign portfolio investors selling shares.
India rate decision rounds off wild week (07-06-2024)
India's interest rate decision and Chinese trade figures are key events for Asian investors on Friday amid global political volatility and stock market highs.
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil (07-06-2024)
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements.
Zee’s plan to raise Rs 2,000 crore gets board’s approval (07-06-2024)
Zee Entertainment Enterprises approves ₹2,000 crore fundraising to enhance balance sheet post Sony merger failure, aiming for strategic growth in media landscape.
European shares close shy of record after ECB delivers first rate-cut in five years (06-06-2024)
In new forecasts, the ECB said it expected inflation to average 2.2% in 2025 - up from a previous estimate of 2.0% and meaning it was now seen holding above the central bank's 2% target well into next year. ECB President Christine Lagarde said that only one ECB Governing Council member had opposed the bank's decision to cut interest rates earlier in the day.
Sebi warns ICICI Bank over outreach program for I-Sec delisting, calls action ‘inappropriate’ (06-06-2024)
In an administrative warning issued on Thursday, SEBI directed ICICI Bank to thoroughly examine the complaints received directly or through the SCORES portal for any violations of the guidelines of the outreach program by officials of the bank and take appropriate action against such officials.
RBI accepts bids worth Rs 7,287.6 cr in Rs 30,000 cr bond buyback auction (06-06-2024)
Last month, after a six-year hiatus, the RBI resumed conducting buyback auctions on behalf of the government. However, the government has only repurchased a small portion of the bonds offered, as both the Centre and the RBI have been reluctant to accept bids from banks at very high prices or low yields.
$9.2 trillion m-cap of Nvidia, Microsoft and Apple now bigger than China’s stock market (06-06-2024)
Microsoft, Nvidia, and Apple have a combined market capitalisation surpassing that of China's stock market, totaling $9.2 trillion. The tech giants, fueled by investor demand for AI exposure, have seen record highs in their stock prices. Nvidia recently reached a market cap of $3 trillion, with Microsoft investing in OpenAI and Apple showing signs of improvement despite recent challenges. Investors are drawn to the companies' competitive positions but caution is advised due to high valuations.