Benchmark indices closed marginally higher for a second straight day on Friday amid mixed cues. The 30-share Sensex jumped 178 points to settle at 72,026 and the Nifty climbed 52 points to 21,710. Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares … Read more
The coming 12 months are shaping up as the year of the interest-rate cut. After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary policy as inflation continues to retreat. The shift is captured by Bloomberg Economics, whose aggregate … Read more
The resolution professional (RP) overseeing bankrupt Go First Airlines has extended the voting deadline for lenders to allow them to decide whether they want to weigh the latest expressions of interest from SpiceJet and two other investors after some creditors sought more time to arrive at a decision, three people familiar with the process said. … Read more
The upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above 21,850-21,900 is necessary to unlock the next upside target of 22,200. Analysts recommend stocks like Axis Bank, Canara Bank, Divi’s Labs, Cipla, Coforge, Infosys, ITC, … Read more
Mumbai: India’s top 50 listed corporates are expected to report double-digit year-on-year growth in aggregate net profit for the third consecutive three-month period, ETIG estimates for the December quarter showed, although muted performance of technology and consumer-goods companies could decelerate the pace of expansion. Net profit in the December 2023 quarter for the Nifty 50 … Read more
Some investors are finding themselves on the horns of a dilemma these days: Is it worth the risk to continue with winning equity bets into the fourth year of the bull run when share valuations are at a peak? Or is the risk of staying out of the bull market greater when just a few … Read more
Mumbai: Amid discussions with bankers over elevated funding costs and operational challenges brought about by liquidity deficit, the Reserve Bank of India (RBI) has sought to cool money market rates by conducting regular short-term fund injections after a long hiatus. “Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the … Read more
Boeing’s new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, Feb. 13, 2017. Jason Redmond | Reuters Boeing‘s plan to get back on solid footing after a series of quality flaws in its best-selling jet suffered a near-disastrous blow Friday when a plane panel blew out during an Alaska Airlines … Read more
Channel 4 is drawing up plans to cut potentially as many as 200 jobs in its biggest round of layoffs in more than 15 years, as it seeks to make savings to weather the worst TV advertising downturn since 2008. The broadcaster, which has undergone a rapid expansion in recent years with staff numbers swelling … Read more
For residents of Montpellier, the new year has brought new travel possibilities. Since just before Christmas, locals have been able to sign up for a free pass to the entire bus and tram network in France’s seventh‑largest city. The majority of a population of 300,000 have, not surprisingly, taken up the offer. Yet the city … Read more
