Fed hawks and doves: what US central bankers are saying
Federal Reserve policymakers are debating the pace and extent of future interest rate reductions. Doves prioritize labor market risks and favor quicker cuts, while hawks emphasize inflation concerns and advocate for a more cautious approach. Recent economic data and policymaker comments reveal a range of perspectives on the appropriate path forward.
Big movers on D-Street: What should investors do with Star Cement, Suzlon and JSW Infrastructure?
The Sensex gained 110 points, marking its fourth consecutive day of gains, driven by banking stocks. Star Cement, Suzlon, and JSW Infra saw notable price movements. Analysts suggest Star Cement may see profit-booking, while Suzlon and JSW Infra show bullish momentum with potential for further upside.
Vi, Indus Towers shares in focus after co releases 3% pledge of Vodafone stake
Vodafone Idea Share Price: Earlier, the UK-based telecom operator Vodafone PLC announced to sell its remaining 3% stake in Indus Towers to repay debt in Vodafone Idea (Vi).
Jerome Powell says Fed can afford to be a little more cautious
Federal Reserve Chair Jerome Powell indicated support for a slower pace of interest rate cuts, citing a stronger-than-expected U.S. economy. While some officials lean towards another cut, Powell’s cautious stance aligns with others who prefer to wait for more data on inflation and employment before deciding.
Emerald Tyre Manufacturers IPO opens today: Check key dates, GMP, price band and other details
Emerald Tyre Manufacturers’ ₹49 crore SME IPO opens today, closing December 9th. Priced at ₹90-95 per share, the NSE SME listing aims to fund capital expenditure. With a GMP of ₹75, the company, specializing in off-highway tires, reported ₹63 crore revenue and ₹4.13 crore profit as of July 2024.
Tata Projects plans IPO in 18 months, to get fit on cash front by then: CEO
The company, whose landmark projects include the New Parliament Building in New Delhi and Atul Setu in Mumbai, derives above 20% of its projects from Tata Group companies such as Tata Consultancy Services, Tata Power, Indian Hotels, Tata Steel and Tata Electronics. The share, Pai said, has gone up from about 8% two years ago […]
MFs help keep NBFC counters open as banks turn cautious
Mutual fund debt exposure to NBFCs, which includes their subscriptions to short-term commercial papers (CPs) and corporate debt, has hovered over ₹2 lakh crore for more than six months. Their outstanding debt exposure touched ₹2.33 lakh crore in October 2024.
Tata Capital’s valuations soar in unlisted market
The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment bankers attribute the surge to the successful listing of Tata Technologies and the uptick in NBFC valuations.
Traders stock up banks, realty on CRR cut hopes
The Nifty Realty Index and Bank Nifty surged 2.1% and 1.1%, respectively; while the benchmark Nifty ended marginally higher on Wednesday. The Nifty PSU Bank index gained 2.3% and the Nifty Private Bank index inched 0.86% higher. Canara Bank, Federal Bank and Bank of Baroda rose 2-4%.
RBI on tricky terrain of high inflation and slowing growth
RBI Governor Shaktikanta Das faces uncertainty about his future as his six-year term ends amid economic challenges. A slowing economy, persistent inflation, and controversies surrounding inflation calculations have fueled speculation about potential successors. Markets anxiously await the outcome of the MPC meeting and news of Das’s possible extension.