Fed risks losing control of messaging on rates: El-Erian
El-Erian said the Fed may well tolerate higher inflation instead of pushing the economy into recession to hit its 2% target. But he also said investors are over-reacting by pricing in sharp rate cuts. Market prices have swung wildly in recent days as traders bet on a drop in borrowing costs amid signs that inflation […]
Canara Bank, Bank of Maharashtra plan bond sales to raise Rs 4,500 crore
With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.
Govt’s ambitious thrust makes climate suitable for renewable energy companies
The government’s target to achieve 500 GW of renewable energy generation by 2030 is making market participants positive about these firms. “The revenue visibility of the renewable energy sector is quite strong, and the government is also aiming to generate more energy from wind and solar mediums having laid out ambitious targets,” said Deepak Jasani, […]