Investors should be worried amid simultaneous all-time highs in various asset classes whether equity, bullion or bitcoins, ace investor and author Jim Rogers said at an event. He was responding to a question on overvaluation in asset classes and looming fears of a crash. “That’s fabulous for anybody who is invested in the markets. But … Read more
Mumbai: The Reserve Bank of India (RBI) may have to take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager. In March 2020, the RBI introduced … Read more
Mumbai: The yield on India’s 10-year benchmark government paper slid to its lowest level in nine months, helping bring down the cost of borrowing across the economy, as a fall in US bond yields and lower than anticipated supply of local debt created appetite for sovereign debt. The 10-year benchmark bond yield closed at 7.02%, … Read more
A trio of Google engineers recently came up with a futuristic way to help anyone who stumbles through presentations on video calls. They propose that when algorithms detect a speakerâs pulse racing or âummsâ lengthening, a generative AI bot that mimics their voice could simply take over. That cutting-edge idea wasnât revealed at a big … Read more
Mumbai: An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said. “Following the advisory committee’s favourable recommendation, the process now goes to the relevant … Read more
Synopsis While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. … Read more
Interim budget does in no way disturb my thesis – Nifty of 50,000 by 2030. This is more than double the current Nifty level of 22,000. However, over seven years, the CAGR (compound annual growth rate) works out to only 12%. Budgets, such as this one, gently nudge things towards my Nifty target. How? Considering … Read more
Mumbai: India’s government bond market has witnessed a first, with the outstanding amount on a single sovereign security breaching the ₹2-lakh-crore mark, demonstrating the finance ministry’s tolerance for a much higher borrowing limit through one bond series than what applied to the earlier threshold. After its last auction in the primary market on January 19, … Read more
First Nations leaders held an emergency meeting in Ottawa on Wednesday to discuss a mental health crisis they warn could get even worse without government help. Nishnawbe Aski Nation says there has been an alarming spate of suicides and suicide attempts in the northern Ontario First Nations it represents. That includes the suicides of a … Read more
The government has constituted a committee to examine the auto industry’s demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath Pandey said. “A committee has been constituted to examine demands from stakeholders to include more (automotive) components in the scope of the PLI scheme as … Read more
