Posts in category Economic Times
Big movers on D-Street: What should investors do with Star Health, M&M and Tata Chemicals? (02-05-2024)
Stocks that were in focus include names like Star Health, which rose 1.69%, M&M, which increased 4.63%, and Tata Chemicals, whose shares declined 2.49% on Thursday.
Asia stocks wobble on rate cut delays; yen leaps (02-05-2024)
Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with Brent crude futures hitting a seven-week low of $83.44. [O/R]
Gold prices drift higher as Fed stands pat on key interest rate (02-05-2024)
The Fed held interest rates steady on Wednesday, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.
Oil prices pick up on prospect of US replenishing strategic reserve (02-05-2024)
"The oil market was supported by speculation that if WTI falls below $79, the U.S. will move to build up its strategic reserves," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.
Yen gives up ground vs dollar following surge on suspected intervention (02-05-2024)
The dollar was 0.9% higher at 155.98 yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55 to exactly 153 over a period of about 30 minutes.
S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference (02-05-2024)
The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.
More credit to large companies in FY24, personal loans slow (02-05-2024)
Lending to large companies that shrank during the Covid period recovered in the last fiscal year. The Reserve Bank of India stepped in to improve the quality of retail lending, asking lenders to assign higher risk weights to unsecured lending. While this slowed down growth in such loans, it helped improve the loan books of banks.
IDBI Bank seeks RoC help over board tussle with NTADCL (02-05-2024)
NTADCL had faced financial challenges that led to the restructuring of debt totalling ₹575.34 crore in 2011. As part of the corporate debt restructuring (CDR) exercise, IDBI Bank and some other lenders converted senior debt into equity, with IDBI Bank holding ₹6.11 crore in equity shares.