The IMF has lowered its forecast for Pakistan’s economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the IMF [...]
Stock market benchmark indices climbed in early trade on Wednesday, extending their rally for the eighth day running, following strength in most of the Asian equity exchanges and continuous foreign fund inflows. Also, buying in index majors Reliance Industries, HDFC twins and Tata Consultancy Services added to the positive trend in the equity market. The [...]
The International Energy Agency (IEA) on Tuesday termed the decision of OPEC+ to cut oil production as "risky for the global economy", saying it may push up already high prices, leading to higher import bills for nations like India. Global oil markets were already set to tighten in the second half of 2023, with the [...]
To check irregular movement in stock prices, Sebi on Tuesday came out with a new framework for fixing the price band for trading in shares on the first day of listing after an initial public offering. The decision has been taken after discussions with stock exchanges and Sebi's Secondary Market Advisory Committee (SMAC), according to [...]
Securitisation volumes jumped 41 per cent to Rs 1.78 lakh crore in FY23, driven largely by the retail segment, a report said on Tuesday. The last quarter of the fiscal alone contributed volumes of over Rs 61,000 crore, domestic rating agency Icra said. Securitisation involves pooling of loans and selling them to a special purpose [...]
DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio. The bank is looking to launch the product during the fourth quarter, DBS Bank India Executive Director (Head-National Distribution) Bharath Mani said here. "We are [...]
Equity investors became richer by over Rs 12.56 lakh crore in seven days of market rally as sentiments remained firm amid continuous foreign fund inflows and stable global trends. In the past seven days, the BSE benchmark Sensex has jumped 2,544 points or 4.41 per cent. Helped by the ongoing rally, the market capitalisation of [...]
Nationalist Congress Party (NCP) president Sharad Pawar on Tuesday said although his outfit does not agree with the demand of anti-BJP parties for a Joint Parliamentary Committee (JPC) probe into allegations against the Adani group, it will not go against their stand for the sake of Opposition unity. The former Union minister had earlier said [...]
Private equity inflows plunged 75.4 per cent to USD 2.2 billion in the March quarter, making it the sixth consecutive quarter of decline, amid global macroeconomic and geopolitical headwinds, according to a report. At USD 2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at [...]
BSES discoms BRPL and BYPL have facilitated the installation of around 2300 charging points in Delhi for electric vehicles (EVs) and are in the process to set up 900 more in the coming months, company's officials said on Tuesday. The 2300 charging points installed at over 900 locations across south, east, central and west Delhi [...]
