Indian stock markets opened on a positive note on Wednesday, supported by easing geopolitical tensions and optimism around a possible US Federal Reserve rate cut.
Shares in Taiwan closed at a new high Tuesday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) set a closing record after major U.S. indexes finished at all-time highs overnight on hopes the U.S. Federal Reserve will soon kick off a rate cut cycle, Focus Taiwan reported, c
The Reserve Bank of India (RBI) is expected to lower policy rates by 25 basis points each in the upcoming Monetary Policy Committee (MPC) meetings in October and December, taking the terminal policy rate to 5 per cent, according to a report by Morgan Stanley.
Indian stock markets opened on a muted note Tuesday as investors adopted a cautious stance, closely tracking the resumption of Indo-US trade negotiations and awaiting the US Federal Reserve's policy outcome later this week.
Wholesale Price Index (WPI) inflation in India is expected to remain subdued at 0.5 per cent for the rest of the current financial year, according to a report by Union Bank of India.
Indian stock markets opened almost flat in green on Monday as investors remained cautious ahead of several key monetary policy decisions scheduled this week by global central banks.
The Indian stock market closed with strong gains on Tuesday, driven by a rally in IT, pharma, and FMCG stocks, as investor sentiment improved amid rising expectations of a US interest rate cut later this month.
The new GST rates and slabs will have a wide-scale positive impact on the many items related to heavy industries, be it auto, transport, or auto ancillaries.
The recently announced next-generation Goods and Services Tax (GST) reforms will significantly benefit India's agriculture sector, particularly the rice industry, Indian Rice Exporters Federation's Vice President, Dev Garg, said.
Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.