The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
Gold prices dipped on Friday following a near-record peak in the previous session, buoyed by a strengthening dollar. However, they remain poised for a weekly increase after the US Federal Reserve’s announcement that it anticipates three rate cuts in 2024. Spot gold was down by 0.7 per cent at $2,166.20 per ounce, as of 1026 …
Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders. * ITC:* British American Tobacco is preparing to kick off …
Gold prices surged to a new peak, soaring to ₹65,298 per 10 grams on the MCX, indicating a notable increase of over ₹2,700 within the initial week of March last week on Thursday. This remarkable uptrend in the value of the precious metal is primarily attributed to the anticipation of an interest rate cut by …
For a brief moment, everyone who owned Bitcoin had made money from it. On March 5th the crypto token rose to an all-time high of just above $69,000—a level sure to delight the meme-loving crypto-crowd—before slipping back a little. The record capped a remarkable comeback from the dark days of November 2022, when interest-rate rises …
Before Market Opens: Indian markets are likely to open in the red on Thursday despite a surge in Asian peers as Japan’s Nikkei 225 gained over 0.8% to a new record high above the 40,000 mark. Gift Nifty was trading 14 points lower, indicating a negative start for benchmark Nifty. Let’s take a look at …
Sovereign gold bonds (SGB), public provident fund (PPF), and bank fixed deposits (FDs) are widely recognised as secure investment options. Each of these choices offers a stable, long-term investment avenue, making the decision between them somewhat challenging. Sovereign Gold Bonds are issued by the Reserve Bank of India on behalf of the Government of India. …
FB Ind: Net Profit at Rs 17.5 cr vs loss Rs 1.14 cr, Revenue at Rs 1161 cr vs Rs 999 cr (YoY) Shakti Pumps: Net Profit at Rs 45.2 cr vs Rs 11.2 cr, Revenue at Rs 496 cr vs Rs 314 cr (YoY) Dodla Dairy: Net Profit at Rs 41.3 cr vs Rs …
The past eight years have proven to be notably favourable for SGBs, showcasing their capacity for providing both consistent income and capital appreciation. Let’s delve into a detailed examination of their performance: Average annual return: Over the past eight years, SGBs have yielded an average annual return of approximately 13.7%. This comprises the assured 2.5% …
Image Source: PTI/FILE Gold rises by Rs 80; silver tumbles by Rs 550 in Delhi markets Gold prices in the national capital rose by Rs 80 to Rs 59,030 per 10 grams on Friday due to gains in overseas precious metal prices. The previous trade had seen the yellow metal settle at Rs 58,950 per …