Finance

May 16, 2024 4:57 PM

RBI’s red flag on non-bank lenders raises volatility, Fitch says

Fitch Ratings feels that the Reserve Bank of India's (RBI) latest efforts to strengthen corporate governance and risk management in the non-bank financial institutions (NBFIs) may reduce industry risks over the longer term, if successful, but it would raise near-term business volatility for those af...

May 16, 2024 3:37 PM

Japan’s economy skids, clouding BOJ’s rate hike plans

Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday sh...

May 16, 2024 3:33 PM

Global stocks and bonds bask in rate cut hopes

World stocks hit a record high and bond markets rallied on Thursday as galvanized hopes of interest rates cuts in the United States and other major economies extended a powerful month-long global bull run. Investors were still basking in the glow of Wednesday's mild U.S. inflation data as well as g...

May 15, 2024 10:23 AM

GLOBAL MARKETS-Stocks rise, dollar drifts ahead of US inflation report

Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares out...

May 14, 2024 3:54 PM

Asia to contribute 60% of global growth in 2024: IMF official

Asia continues to power ahead as the engine of the global economy, with the region expected to contribute a massive 60% to world growth in 2024, a senior International Monetary Fund (IMF) official stated on Monday. Speaking at the 13th IMF-Japan High-Level Tax Conference for Asian Countries in Toky...

September 16, 2024 6:07 PM

Indian stocks in green for second day after heavy sell-off

Indian equity markets opened marginally higher on Tuesday, extending gains from the previous session, primarily driven by fresh buying after the recent dip. At 9.19 am, the Sensex was trading at 72,979.48 points, up 203.34 points or 0.28 percent, while the Nifty was at 22,177.15 points, up 73.10 po...

September 16, 2024 4:15 PM

Zomato’s profit surged by 26.8 pc to Rs 175 crore in Q4 FY23-24

The online food delivery platform Zomato reported a surge of 26.8 per cent in the consolidated net profit to Rs 175 crore for the fourth quarter of FY23-24 as compared to the previous quarter. The company reported a net loss of Rs 188 crore during the corresponding period last year. The company's ...

September 16, 2024 4:15 PM

Indian shares rebound after volatile session

Indian benchmark indices rebounded after opening with a decline on Monday. The Sensex climbed 0.20 per cent to close at 72,809.67, while the NSE Nifty50 finished 0.29 per cent higher at 22,120.05 after dipping to a low of 21,821. Among the top gainers in the Nifty 50 were Cipla, Asian Paints, Divi'...

May 13, 2024 5:29 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While U.S. inflation data will take centre-stage, repor...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks of decline. Prior to the reporting period, the co...