Executives said the interview, conducted by the morning show anchor Tony Dokoupil, had fallen short of network editorial standards.
Gold prices likely to be volatile, avoid lumpsum purchases (08-10-2024)
Over the last one month, gold price in dollar terms has moved up by 6.3%, while in rupee terms it is up 7.1%. The Nifty has shed 0.7%. In this calendar year, gold gained 28.8% in dollar terms, while in rupee terms it gained 21.2%, compared to the Nifty’s gains of 15.3%.
Paint Wars: Dulux shade card may be part of a merged palette (08-10-2024)
Akzo Nobel India has informed that its Dutch parent Akzo Nobel NV is conducting a strategic review of its portfolio to redeploy capital towards growing its core coatings businesses. The initial focus will be on its decorative paints business in South Asia and various strategic options will be explored ranging from partnerships or joint ventures through to mergers or divestments.
HDFC Bank’s online services hit by glitches (08-10-2024)
“The bank had to take an unscheduled downtime earlier today (Monday) as some operations like transactions through RTGS and NEFT using net banking were affected,” a spokesperson said at the lender. “The issue stands resolved.”
India has an edge to join FTSE’s EM Bond Index (08-10-2024)
FTSE Russell will on October 8 announce any inclusions into benchmarks including its World Government Bond Index, with a market value of $29 trillion. Seoul hopes it finally made the cut after overhauling currency and debt-market operations.
China’s stock rally fails to convince global funds (08-10-2024)
Invesco Ltd., JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc. are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels.
Rise in US jobs may lead to reversal of trades hinging on Fed lowering rates (08-10-2024)
The Fed delivered a jumbo-sized 50 basis-point cut last month, temporarily vindicating that view. But the trajectory of rates is less certain after Friday’s labour market report, which showed the US economy creating over 100,000 more jobs than expected last month. That suggests there is less need for more large cuts this year and raises the prospects of a reversal in many of the trades that hinged on lower rates.
Financial services draws most FPI flows in September (08-10-2024)
Overseas investors sold shares worth ₹7,054 crore across eight sectors in the second-half of the month. The consumer services sector witnessed the highest foreign outflows at ₹2,784 crore, after receiving inflows worth ₹4,158 crore in August.
Bharti Airtel in advanced talks to acquire Tata Play to boost digital TV segment (08-10-2024)
Bharti Airtel is in advanced talks to acquire Tata Play, India’s largest DTH business. This move aims to bolster Airtel’s position in the digital TV segment. If successful, it will be the second major deal between Airtel and Tata Group. This acquisition would help Airtel compete with Jio’s aggressive market strategies.
Hero Motors withdraws draft papers for IPO (07-10-2024)
According to investment bankers, there were some technical issues with the draft papers and Sebi requested the company to make necessary revisions. As a result, the company decided to withdraw and refile the DRHP, they said. “The withdrawal of the DRHP has nothing to do with the weak secondary market. The company is expected to submit the revised DRHP within a month,” said one of the bankers.