The personal consumption expenditures price index excluding food and energy – the Fed’s preferred measure of underlying inflation – is projected to have risen by 0.3% in October from September, and by 2.8% from a year earlier, in what would be the largest advance since April.
Posts in category Economic Times
Senior executives flock to startups poised for public market glory (25-11-2024)
Many of these people, from both within the startup sector and outside, are exploring opportunities at companies that are likely to hit the bourses in the next couple of years, said search firms and startup founders. The lure for them is the potential for wealth creation that successful listings open up.
Investors worried about elevated valuations in India: Daniel Morris, BNP Paribas Asset Management (24-11-2024)
Before the election, you had a soft landing scenario where we believe growth slows, inflation falls and the Fed cuts rates. Now that may not happen right away, but will happen in the distant future.
A post-poll party is on cards. Address: Dalal Street (24-11-2024)
“The markets were raring for an opportunity to move higher, and the Maharashtra election outcome is likely to be that trigger, but it is largely a sentimental flip,” said Rohit Srivastava, founder, indiacharts.com. “An oversold market feeds on itself and the short covering Friday was just the beginning.”
Religare Enterprises loses three senior executives in two months (24-11-2024)
On Friday, REL informed the stock exchanges that its newly-appointed company secretary and compliance officer, Rajat Kalra, has resigned. Kalra, who was appointed on October 8, submitted his resignation on October 24. He had joined in the place of Reena Jayara who had left the New Delhi-based financial services firm on October 7. The group’s chief financial officer Nitin Aggarwal also quit the company on November 12.
Black Friday puts consumer spending in market’s glare (24-11-2024)
Black Friday Sale 2024 will take place on November 29, a day after Thanksgiving 2024 is celebrated on November 28.
India Inc’s interest cover weakens in Q2 amid slowing revenue, profit growth (24-11-2024)
Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.
Gold holds up incremental value of forex reserves (24-11-2024)
The Reserve Bank of India has been increasing its gold reserves, which have helped to offset a decline in foreign currency assets. This strategy has helped the central bank maintain the country’s foreign exchange reserves amidst a global trend of central banks increasing their gold holdings.
HDFC Bank close to deal to securitise more auto loans (24-11-2024)
HDFC Bank is finalizing a Rs 12,372 crore car loan portfolio assignment to reduce its credit-deposit ratio. This follows a similar Rs 9,062 crore securitization in September. The bank, aiming to improve its financial health, is selling asset-backed securities to institutional investors. These securities are backed by car loans with an average tenure of 17.
Ahead of Market: 10 things that will decide stock market action on Monday (24-11-2024)
After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around.