The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the … Read more
Financial markets began the week on a cautious note on Monday, with shares in Asia subdued while the dollar eased slightly ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also provide investors with global monetary policy catalysts with rate decisions … Read more
Indian shares are set to open flat on Monday, with caution prevailing ahead of the U.S. presidential election and the likelihood of further interest rate cut by the Federal Reserve. The Gift Nifty futures were trading at 24,320, as of 07:41 a.m. IST, indicating that the benchmark Nifty 50 will open near Friday's close of … Read more
India's primary market will be in focus next week as Swiggy, Niva Bupa Health Insurance, Sagility India, and ACME Solar Holdings will launch IPOs to raise Rs 18,534 crore from the stock market. The biggest IPO among these will be of food delivery company Swiggy, which is planning to raise more than Rs 11,000 … Read more
Over the past ten years, capital-intensive sub-sectors such as electronics, chemicals and machinery within India’s manufacturing sector, have seen a major growth in both employment and exports, according to a Goldman Sachs report. The report states that growth has surged in India’s capital-intensive industries with the government focusing on promoting assembly of electronics, machinery, and … Read more
Festive season turned out to be an electrifying month for EV two-wheeler manufacturers as retail sales of Electric two-wheelers increased 85 per cent on a YoY (Year on Year) basis to 1,39,031 units in October 2024. Last year this figure was 75,164 units. The increasing sales of EV vehicles show that the trend is now … Read more
Indian economy is expected to record a growth of 6.8 per cent in 2024 and will clock an expansion of 6.3 per cent next year. This comes on the back of continued strong public and private investment and consumption as well as rising exports of services, according to the latest UNCTAD (UN Trade and Development) … Read more
The market outlook for next week will be guided by US Presidential Election results, US Fed Interest Rate Decision, FII activities and major macro-economic data such as Indian and US PMI data, according to experts. Last week, markets closed with a modest gain as strong performance by PSU banks in Q2 and a slump in … Read more
The contribution of information and communication technology (ICT) to output growth in India increased from 5.0 per cent in 1981-1990 to 13.2 per cent during 1992-2023, according to a recent RBI paper. On average, the ICT sector’s productivity fared better than the non-ICT sector for the whole sample period, the paper noted. Following the global … Read more
The neutral interest rate in South Korea is estimated at between -0.2 per cent and 1.3 percent in the first quarter of the year, a report from the Bank of Korea (BOK) said on Sunday. The report said the country's neutral interest rate has been on the decline since 2000 but rebounded slightly after the … Read more