Dollar set for weekly slide as trade, shutdown concerns weigh
The dollar is on a downward trend, fueled by escalating global trade disputes and indicators of a sluggish U.S. economy. This shift bolsters the argument for the Federal Reserve to consider lowering interest rates. As a result, investors are gravitating towards safer assets such as gold and cryptocurrencies.
India’s F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
India’s F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
Asian shares dip after credit woes hit Wall Street
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.
Asian shares dip after credit woes hit Wall Street
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.
DBS faces I-T query over 2019 masala bond investments
Indian tax officials are scrutinizing DBS Bank’s 2019 Masala Bond investments. The Income Tax department seeks confirmation on beneficial ownership and interest received. This probe follows a period of tax exemption for Masala Bond interest. The investigation aims to ensure compliance with investment regulations and tax benefits. Details on bond issuance and RBI filings are […]
Further rate cut today runs the risk of an overdose, says RBI MPC member Ram Singh
Ram Singh, an external member of the central bank’s Monetary Policy Committee, believes an immediate rate cut poses an overdose risk. He states that existing monetary and fiscal measures are still impacting the economy. Singh emphasizes tracking both nominal and real GDP growth. He also notes that low inflation negatively affects businesses and public finances.
Fitch upgrades outlook on IIFL Finance to positive
Fitch Ratings has upgraded IIFL Finance’s outlook to positive from stable, affirming its ‘B+’ senior secured debt rating. The agency anticipates improvements in the company’s credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.
How are Indian IT giants navigating AI demands and tariff uncertainty?
Indian IT exporters are demonstrating strong deal wins, adapting to AI-driven client demands amidst a challenging business environment. Despite uncertainties, companies are strategically integrating AI, bolstering their pipelines and showing resilience. Improved hiring and a weaker rupee are expected to support performance in the latter half of the fiscal year.
Indian stock indices surge 1% as investors anticipate US-India trade truce
Indian stock markets saw a significant rise on Thursday. Both Nifty and Sensex climbed 1 percent. Overseas investors slowed their selling. Domestic investors bought shares. Positive second-quarter earnings and hopes for a US-India trade deal boosted sentiment. Auto and FMCG sectors performed well. Analysts predict further gains if trade talks progress.