Posts in category Economic Times
Pre-market action: Here’s the trade setup for today’s session (02-05-2024)
Foreign portfolio investors were net buyers at Rs 1,071 crore on Tuesday for second straight day. DIIs, meanwhile, bought shares worth Rs 1,429 crore.
Stocks in news: Adani Wilmar, Adani Enterprises, Jindal Stainless, Adani Ports, Kotak Bank, Wipro (02-05-2024)
Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.
Fed cites lack of progress on inflation, holds rates steady (02-05-2024)
Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% - where it's been since July - following a slew of data that pointed to lingering price pressures in the US economy.
Think twice about selling in May and going away (02-05-2024)
But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. Investors are also growing nervous about the US Federal Reserve delaying interest rate cuts as expected by the financial markets.
Currency derivatives volumes dry up ahead of RBI deadline (01-05-2024)
Average daily turnover for currency futures and options, including notional turnover for currency options, on the country's largest stock exchange was at ₹20,646.06 crore in April, registering a decline of 87% from ₹1.56 lakh crore in March, exchange data showed.
Gift Nifty futures volumes soar 25% in 4 months to $82 billion in April (01-05-2024)
This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.
IRDAI nod likely soon for IIHL’s buyout of Reliance Capital’s three insurance arms (01-05-2024)
IRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9,650 crore resolution plan for Reliance Capital. Hinduja Group's Aasia Enterprises aids in equity infusion.
Bank deposit rates rise, but yet to fully reflect repo hike (01-05-2024)
Regulator-market discord on rate transmission persists. Fresh term deposits show full 2.5% repo rate hike. Interest margins squeezed, WADTDR at 6.62% in March. WALR for commercial banks at 9.37%.
Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL (01-05-2024)
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.
Biz, trade caught between cyber cops & banks (01-05-2024)
Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. Urging action from finance ministry, LEAs, police. I4C initiative tackles cybercrimes. Banks, LEAs face frozen funds challenges.