Gold-loan NBFCs grow in India despite cash disbursement restriction: Report
New Delhi, Aug 16 – Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday. A CRISIL Ratings analysis of gold-loan NBFCs found that
India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe
New Delhi, Aug 16 – India’s apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). Apparel
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw
New Delhi, Aug 16 – The investment plans by Hon Hai Technology Group (known as Foxconn) will help India become a global manufacturing hub, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Friday. The Minister met Young Liu,
Nifty, Sensex rally on positive global cues
Mumbai, Aug 16 – Indian equity indices opened strong on Friday following positive global cues, including optimism around a potential rate cut by the US Federal Reserve next month. At 9:50 a.m., Sensex was up 608 points or 0.76 per cent at 79,714
India’s new rocket SSLV puts into orbit EOS-08 & a private satellite (Lead)
Sriharikota (Andhra Pradesh) Aug 16 – India, on Friday, successfully orbited two satellites with its new rocket – Small Satellite Launch Vehicle (SSLV). On its third and final developmental flight, the SSLV-D3 put into orbit an earth observation satellite-08 (EOS-08) weighing about 175.5
Hospitality major Oyo reports Rs 229 crore net profit in FY24
New Delhi, Aug 14 – Travel tech firm Oyo on Wednesday reported its first-ever profit after tax (PAT) of Rs 229 crore for FY24, as adjusted EBITDA grew by 215 per cent to reach Rs 877 crore, up from Rs 277 crore in
Future outlook for residential market in India remains optimistic: Report
Mumbai, Aug 14 – The future outlook for the real estate market remains in the optimistic territory in India, showcasing the sector’s resilience with notable activity in residential and office demands, a report showed on Wednesday. The Knight Frank–NAREDCO report cited that the
Vinod Khosla slams Musk for his CO2-level tutorial to Trump as ‘dumb’
New Delhi, Aug 14 – Venture capitalist Vinod Khosla on Wednesday slammed billionaire Elon Musk over his climate-talk tutorial to Republican Party Presidential candidate Donald Trump, saying his thoughts about CO2 ppm (parts per million) levels and their consequences were simply “dumb”. In
Tokyo stocks end higher tracking Wall Street gains
Tokyo, Aug 14 – Tokyo stocks closed higher on Wednesday as confidence was bolstered by gains of stocks in the US market overnight. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 209.92 points, or 0.58 per cent, from Tuesday
40 per cent of Biden’s major IRA manufacturing projects delayed: Report
Washington, Aug 14 – About 40 per cent of “the biggest US manufacturing investments” announced in the first year of US President Joe Biden’s acts to strengthen its cleantech and semiconductor supply chain have been delayed or paused, a media report said. The
New Zealand eases level of monetary policy restraint
Wellington, Aug 14 – New Zealand’s central bank eased the level of monetary policy restraint by reducing the official cash rate (OCR) by 25 basis points to 5.25 per cent on Wednesday due to eased inflation. New Zealand’s annual consumer price inflation is
WPI inflation eases to 3-month low of 2.04 pc in July
New Delhi, Aug 14 – India’s wholesale price inflation slowed to a 3-month low of 2.04 per cent in July compared to the same month last year, mainly due to a decline in vegetable prices, according to figures released by the Commerce Ministry
Sensex trades higher, smallcap and midcap stocks under pressure
Mumbai, Aug 14 The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade. At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points
Is my account safe?
By: YBB Personal Finance SENTIMENTS That depends on the type of accounts & where they are held. FDIC insures bank deposits up to $250K/ownership-category/bank. Deposits can be checking, saving (regular or online), money-market accounts & CDs. Limits apply to different ownership-categories – individual,
Personal finance insights: Market sentiments, investment strategies, and economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +11.5% (above average)$NYA50R, NYSE %Above 50-dMA 71.63% (overbought)$SPXA50R, SP500 %Above 50-dMA 69.8% (positive)Delta MSI 65.0% (positive) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.59%, Hybrids 4.53%, Bonds 17.88%, M-Mkt 17.01% INTEREST RATESCME FedWatchFOMC 7/31/24+ hold (cycle
Govt extends deadline for comments on new packaging rule for retail goods
New Delhi, Aug 2 - The Centre's Department of Consumer Affairs has extended the timeline for submission of comments on the proposed amendment in Rule 3 of the Legal Metrology (Packaged Commodities) Rules, by a month, to August 30 from the earlier date
Mideast tensions: Air India suspends flights to and from Tel Aviv till Aug 8
New Delhi, Aug 2 - Amid growing tensions in parts of the Middle East, Air India on Friday announced to suspend flight operations to and from Tel Aviv till August 8 with immediate effect.
Sri Lanka’s economic recovery continues: IMF
Colombo, Aug 2 - Sri Lanka's economic recovery continues with real gross domestic product (GDP) posting three consecutive quarters of expansion, and growth accelerating to 5.3 per cent year-on-year in the first quarter of 2024, the International Monetary Fund (IMF) said on Friday.
Regional conference in Thailand explores digital economy cooperation
Bangkok, Aug 2 - Policymakers, industry executives, representatives of associations and experts gathered in Thailand's capital to share insights on digital economy cooperation and development in Southeast Asia at a regional conference.
Bears growl! Sensex falls 885 points, investors lose over Rs 4 lakh crore
Mumbai, Aug 2 - Indian equity indices closed in the deep red on Friday session following profit booking on higher levels.