The US Fed’s interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts. Illustration: Dominic Xavier/Rediff Stock markets ended the
Supreme Petrochem Ltd has temporarily halted operations at its Manali, Chennai manufacturing unit after heavy rains and water discharged from nearby reservoirs caused flooding inside the facility, the company said in an exchange filing on December 5. According to the
(Bloomberg) — Frontier markets will likely extend their impressive rally into next year, thanks to investor optimism about economic recovery and reduced risks of sovereign defaults. Asia Frontier Capital Ltd., a Hong Kong-based fund manager focused on the region’s high-growth
Foreign investors have pulled out Rs 11,820 crore ($1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee. Illustration: Uttam Ghosh This sharp withdrawal follows a net outflow of
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic Xavier/Rediff The transition will allow Fino to accept
Rate cut a response to economic data; US tariffs still weigh: Analysts Illustration: Dominic Xavier/Rediff The Reserve Bank of India (RBI) on Friday delivered a 25 basis point (bps) repo rate cut analysts expected, driven by the strong 8.2 per
‘Bank has a robust capital adequacy base. Along with balance sheet preparation, the bank is focusing on strengthening risk management for the new regime.’ State-run lender Bank of Baroda will be making floating provision in the run up to transitioning
Global private equity firm Advent International’s talks to acquire US giant Whirlpool’s India unit for up to $1 billion have collapsed due to disagreements over valuation, four people familiar with the matter told Reuters. Advent had emerged as the frontrunner
Expert view: Simple questions do not always have simple answers. Consider, for instance, the question: How can one make ₹1 crore in 10 years through investments? For common investors, the idea of reaching ₹1 crore is a holy grail. The
The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business
