As foreign investors continued to leave the country amid ongoing economic worries, Chinese equities resumed their dismal trend on Thursday, putting a key measure on track for its lowest closing since November. – China stocks As much as 1.5% was lost by the MSCI China Index, continuing what is expected to be a third straight…
The corporation is in conversations and negotiations with labor union officials in order to resolve their concerns and reach an equitable arrangement for the renewal of a long-term settlement agreement. – Apollo Tyres Apollo Tyres Limited shares fell more than 2% to Rs 369 in early trade on September 21 after the firm announced a…
The whole of Asia’s stock markets dipped as traders anticipated the U.S. Federal Reserve’s rate decision on Wednesday domestically while China kept its one-year and five-year lending prime rates constant. The prime rates for China’s one-year and five-year loans were maintained at 3.45% and 4.2%, respectively. Japan released its August trade data to the region,…
Analysts predict that significant non-banking finance firms (NBFC stocks) in India would reform in response to new bank-like requirements and as they transition from being monoline and specialty lenders to multiproduct, diversified lenders. Shadow lenders have emerged as a significant player in the Indian credit environment, accounting for 25% and 21% of total and retail…
This is a progress report on my 19th-June 2008-started mutual fund investing journey. I’ve gone from being a spendthrift to being in debt to being financially independent over the past three decades – mutual funds. I want to be clear that this is just a personal accomplishment and not some monumental occasion. I am familiar…
In an effort to combat inflation that is still persistently over its long-term target of 2%, the Fed has rapidly hiked interest rates over the last 18 months to a level not seen in 22 years – US stocks. As Wall Street traders were ready for the Federal Reserve’s impending interest rate decision, US markets…
Global markets – At $2.73 per 1,000 cubic feet for October delivery, natural gas prices increased by 9 cents. Bullion At $1,953.40 per ounce, gold for December delivery increased $7.20. At $23.50 per ounce, silver for December delivery increased by 11 cents. Prior to the Federal Reserve’s expected announcement on key interest rates on Wednesday,…
Global Market Updates: The US stock market saw a dramatic correction on Friday, with all three major benchmark indices, the Nasdaq, Dow Jones, and S&P 500, falling significantly. The Dow Jones Index fell 0.83 percent, the S&P 500 fell 1.22 percent, and the Nasdaq Composite fell 1.56 percent. The S&P 500 and Nasdaq reversed their…
Tata Sons IPO: Tata Sons must prepare for a public listing by September 2025 in order to maintain its ‘upper-layer’ NBFC (Non-Banking Financial Company) classification. ‘Upper-layer’ NBCs must list within three years of being informed, per RBI regulations. Tata Sons is one of 15 financial institutions included in the category of “upper-layer” NBFCs that the…
Adani Green’s projects: People familiar with the situation said that TotalEnergies SE is in discussions to invest in renewable energy projects created by Adani Green Energy Ltd. This could be the first public transaction between the French oil giant and Gautam Adani since a short-seller accused the Indian billionaire’s business empire of fraud. According to…
