Russia’s exclusion to give India more play in bond index, draw big money
Multiple banking sources told ET that the index providers are increasingly tilted in favour of building a large, liquid market as Russia’s exclusion has created a gap and skew in volumes.
US core inflation picks up, keeping another Fed hike in play this year
The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, marking the first acceleration since February, Bureau of Labor Statistics data showed Wednesday.
SIP account addition continues to surge amid bullish sentiments
The monthly SIP addition remained above three million for the second month in a row. The SIP addition was 12.5 million accounts in the past 12 months. The net addition in August was 1.6 million, the highest in 23 months. The total SIP account tally reached a record 69.7 million.
Rs 2,800 crore public issue of JSW Infrastructure to open this month
JSW Infrastructure’s forthcoming public offering marks a significant milestone as the first public listing from the JSW Group in nearly 13 years. JSW Infrastructure had filed the draft red herring prospectus for its initial public offering with Sebi in May 2023. The IPO, consisting entirely of fresh shares, will serve as a means to partially […]
Short-end bond yields may stay elevated on fiscal slippage worries
“The noise around weaker tax revenue has marred the government’s fiscal profile four months into FY24. What strikes us here is that the weakness in tax revenue has been led by a 10% contraction in corporate tax collections in 4MFY24 (April-July) vs 11% budgeted growth for the year,” wrote Madhavi Arora and Harshal Patel, economists […]