Today’s gold rate: Due to a drop in the US dollar after US Fed Chairman Jerome Powell hinted at a rate hike, gold prices rose today to a six-month high on the Multi Commodity Exchange (MCX). Today’s MCX gold rate for the December 2023 expiry opened higher at 60,401 per 10 gm levels and rose…
Today’s Nifty 50 and Sensex: Following weak global cues, the Indian equity market is projected to open lower on Friday. Gift Nifty indicators also indicate that the Indian benchmark index starts with a gap down. The Gift Nifty was trading around 19,520, compared to the previous close of the Nifty futures at 19,616. The domestic…
Stranded in a war zone: War and war-like scenarios are exclusions – that is, expenses that insurance plans would not cover – and, in any event, only government-operated evacuation flights are likely to be permitted to operate under such conditions, according to insurers. The growing conflict in the Middle East between Israel and the Palestinian…
As part of its response to anomalies in client onboarding for its mobile banking app, Bob World, Bank of Baroda is believed to have suspended over 50 workers across states, including several at the assistant general manager level. The move is in response to the Reserve Bank of India’s ruling from last week prohibiting the…
Tuesday, October 17, saw a little increase in oil prices ahead of US President Joe Biden’s trip to the Middle East, which is anticipated to involve juggling support for Israel with efforts to stop any regional escalation of its conflict with Hamas. Tomorrow’s visit by Biden to Israel will aim to strike a balance between…
According to information provided by the Association of Mutual Funds (AMFI), profit booking in large-cap funds was the key factor in the 30% decrease in equity mutual fund inflows to Rs 14,091.26 crore in September. the net inflows into equity schemes in August totaled Rs 20,245.26 billion. In September, systematic investment plan (SIP) contributions reached…
On Tuesday, Bank of America reported third-quarter profit above projections thanks to higher-than-anticipated interest income. What the business reported is as follows: The Charlotte, North Carolina-based bank reported a 10% increase in profit to $7.8 billion, or 90 cents per share, from $7.1 billion, or 81 cents a share, a year earlier. The amount of…
Today’s global markets saw a decline in US stocks and an increase in Treasury yields following strong economic statistics. Strong retail sales figures and earnings from Bank of America and Goldman Sachs that are above expectations have given rise to hopes that the US Federal Reserve may maintain its tight monetary policies for an extended…
The explosion at the hospital that left hundreds dead was being blamed on both Israeli and Palestinian officials, complicating U.S. President Joe Biden’s already tumultuous tour to the area – China data. As expectations for the crisis’ containment were dashed by the explosion at a Gaza hospital on Wednesday, Asian shares stumbled, and bonds suffered…
IndusInd Bank Ltd.: Ahead of the release of its Q2 results, shares of the private lender fell by about a percent to Rs. On October 18, the bank is expected to make its results public. According to brokerage firms, the net interest income of the private sector lender may increase by 19% in Q2, but…
