Posts in category Economic Times
Govt asks insurance companies to roll out daycare package for Ayush patients (28-05-2024)
Claims under Ayush - an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy - rose to ₹78 crore in 2023 from ₹9 crore in 2016.
Four European Union banks seek RBI nod for clearing model (28-05-2024)
"There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI's approval on the proposed third-party model because there is no established rulebook for this kind of arrangement," a source aware of the developments said.
Sovereign yield falls to near 1-year low post RBI’s dividend payout (28-05-2024)
The yield on the 10-year benchmark government security closed at 6.978%, its lowest level since June 6, 2023, LSEG data showed. The 10-year bond yield had closed at 6.98% on Friday. Bond prices and yields move inversely.
New criteria for options on commodity futures (28-05-2024)
The regulator said the average daily turnover of underlying futures contracts of the corresponding commodity during the previous 12 months should be 100 crore instead of the existing 200 crore for agricultural and agri-processed commodities.
Accumulate TCS, breakout can give 60% upside: Analysts (28-05-2024)
"Historically post-breakout, TCS has given at an average 80% upside; however, due to its large market-cap status, we expect an upside of about 60% leading to a target of ₹6,300," said Dharan Shah, founder, Tradonomy. "Historically on average it has corrected about 25% from the previous top and consolidated timewise for around 2 - 3 years.
LIC Q4 net profit up 2.5%, declares Rs 6/share dividend (28-05-2024)
The insurer reported profit of ₹13,421 crore in the same period last year. The solvency ratio improved to 1.98% from 1.87% last year. LIC announced an interim dividend of ₹6 per share.
Sensex tops 76,000, then beats a retreat (27-05-2024)
Nifty could continue to make new highs after the elections and target 23,400 in the near term, said Pankaj Pandey, head of research at ICICIdirect.com.
Gold gains 1% as traders brace for key US inflation data (27-05-2024)
Gold prices edged higher on Monday, recovering slightly from a recent dip to a two-week low. Spot gold rose by 1% to $2,355.60 per ounce, but remained below last week's record high of $2,449.89. The rise in gold prices occurred despite most U.S. markets being closed for the Memorial Day holiday.
Oil edges higher ahead of inflation data after downbeat week (27-05-2024)
Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation.