The Indian stock market anticipates a shift in sentiment as investors have accounted for the delay in Federal Reserve rate cuts. Market participants are hopeful that global pressure on Israel will result in a more moderate response in the market. With these factors in mind, observers are mon
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent, the seventh time in a row. The repo rate is the rate of interest at which the RBI lends to other banks.
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
The report underscores the significant role played by new incremental factors, particularly the surge in accumulation by Central Banks in emerging markets (EM) and increased retail buying in Asian markets including India have led to an increase in gold prices worldwide.
Despite expectations
The Indian stock market gears up for a cautious opening on Friday, as the aftermath of high inflation and deferred rate cut expectations in the US market. On Wednesday US markets tumbled after inflation data delayed rate cuts hopes beyond June.
A significant number of Vistara pilots had taken sick leave following the announcement of new salary rules, coinciding with the merger with Air India. The pilot shortage issue stemmed from pay cuts implemented after new flying hours regulations came into effect recently. Over 200 Vistara fli
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
Launching a fierce attack on the Opposition on the issue of graft and probity in public life, Prime Minister Narendra Modi on Saturday said while the former's only aim was to take cuts and 'commission', the BJP-ruled NDA was on a 'mission'.
Vistara management has convened a meeting with pilots today to tackle the ongoing crisis regarding the pilot shortage, stemming from pay cuts implemented after new flying hours regulations came into effect recently.
People in Karachi have been facing the problem of powercut, longer outages, and loadshedding with no respite for consumers in sight during the month of Ramzan.