Savers have turned investors in 2024 as their exposure to bank deposits has fallen to 42% from 53% in 2020, Kotak Mahindra Bank Founder & Director Uday Kotak tweeted. Calling it a rebalancing of household financial assets, Kotak advised investors to change their mindset as the future called for a holistic approach to financial services. … Read more
Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs. “With the economy now in equipoise and inflation on a path to 2 percent, it is now appropriate … Read more
Indian stocks stretched their premium over Asian peers to a record as investors bolstered their holdings of local shares while cutting exposure to regional equities. The MSCI India Index extended its valuation gap over the Asian measure to more than 10 percentage points. The 146-member gauge is trading at 24 times its one-year forward earnings, … Read more
