Wall Street ends down as investors eye slowing economy
Stocks have declined in recent sessions ahead of this week’s central bank gathering in Jackson Hole, where Fed Chair Jerome Powell is expected on Friday to reinforce a strong commitment to stamp out inflation running at four-decades high.
Dreamfolks on route to revival, but it’s best to wait & watch
Considering FY22 earnings, the company demands a price-earnings (P/E) multiple of 105. It has no listed peers. Given the size of its operations, valuation appears to be steep though skewed by a sharp fall in the profit due to the pandemic. Considering the pre-pandemic profit level, the P/E works out to be around 55.
CP sales fall 60% as short-term rates soar
Furthermore, the massive outflow of funds from debt schemes due to losses on mark to market has put pressure on rates that mutual funds demand for buying CPs. Outstanding CP issues in the market are down by a fifth to Rs 3.8 lakh crore.”Slowdown in CP issuances is mainly because of sharp rise in short […]
Inflation has peaked, RBI aims to bring it down to 4% within 2 years, says Guv
The latest data show India’s consumer price inflation fell to a five-month low of 6.71% in July. Despite the numbers indicating a cool-off, consumer inflation has been above RBI’s tolerance band and medium-term target for 34 straight months.
Sintex Industries resolution delay makes lenders wait longer for recovery
The said shareholder had opposed the decision, citing suspension of the company’s stock from trading before the case was admitted in NCLT which had caused him a financial loss. “But the irony is that the court has already heard the shareholder in July and even in that case no order has been passed. So, we […]