What changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 40.5 points, or 0.22 per cent, lower at 18,627.50, signaling that Dalal Street was headed for a negative start on Friday.
Aggressive bulls target new highs; rollover cost, too, soars with mood
The minutes of the US Federal Reserve that hinted at slower and smaller future rate hikes boosted sentiment on the last day of November contracts gaving a fillip to the market with the Sensex closing above 62,000 for the first time ever. Traders are also pinning hopes on the seasonality factor as December has mostly […]
Indian Hotels, Chalet among cos keen to acquire debt of Rajesh Lifespaces’ arm
Among the others interested in the company, with a hotel property in Mumbai’s Powai, are large alternative asset funds such as Oaktree, Kotak Investment Advisors and asset reconstruction companies.
Bisleri deal will be a smart buy for Tata Consumer
Addition of Bisleri to its portfolio may catapult TCPL to unquestioned leadership in the organised packaged water market ahead of Coca Cola’s Kinley and PepsiCo’s Aquafina. Bisleri has a 32% share of the ₹8,000-crore organised packaged water market.
Cash is still king in rural India, UPI favourite in metros
Top bankers say that cash withdrawal from ATMs slowed down in major cities, as payments through UPI (united payments interface) have clearly taken over. However, ATMs are still very relevant for cash customers in India, especially in the tier-2 to tier-6 towns.
Time has come to review monetary policy objectives: RBI deputy governor Michael Patra
Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data one month and three months ago, I will have to assess what inflation and growth are going to be one year down the line,” he said, adding that policy […]