BUSINESS
Investors likely to remain cautious on implications of Middle East tensions
Market participants will vigilantly monitor US GDP data for insights into the Fed's interest rate trajectory. Additionally, as the earnings season gains momentum, investor sentiment will be shaped by corporate’s management commentary and bottom-up investment approach, he said.
General Atlantic to acquire minority stake in travel-tech platform TBO
“We see immense potential in the path ahead for TBO, including global expansion opportunities, and are excited to partner with the Company to help enable the next generation of travel globally”, said Shantanu Rastogi, Managing Director and Head of India at General Atlantic.
'US Fed will have to hold interest rates static to stabilise consumer prices'
The theme of "higher for longer" has dominated market speak -- that's the idea that the Federal Reserve will keep interest rates elevated for a prolonged period of time to bring inflation down. But a rise in long-term US Treasury Bond yields could be achieving the same result for the Fed. That could end the past 19 months of historic interest rate hikes meant to contain inflation, CNN quoted experts as saying.
Elon Musk’s X loses over half a billion user visits last month
In September, X's traffic dropped from 6.4 billion to 5.8 billion, a loss of 10 per cent, according to new SimilarWeb data. Of the 176 countries that visited Twitter in September, 83 per cent saw a month-on-month decline in visits. The analysis of the data by Venture Smarter revealed that X has now dropped to seventh place on global rankings behind Meta-owned Instagram.
FPI selling in the cash market in October at Rs 16,176 cr
The primary reason for the sustained selling was the sharp spike in US bond yields which took the 10-year yield to a 17-year high of 5 per cent on October 19. If the safest asset class in the world, the US bond, yields around 5 per cent it is rational for FPIs to take out some money.
RBI fines L&T Finance for keeping borrowers in dark over interest rates
The penalty has been imposed as L&T Finance did not disclose to its retail borrowers the gradation of risk and rationale for charging different interest rates to different categories of borrowers in the loan application form/sanction letter.
Majority of MPC members want RBI to keep hawk’s eye on inflation
The MPC, in its policy review meeting, had retained the key repo rate at 6.5 percent, reiterating willingness to act against inflation.
Domestic equities witnessed selling pressure for third consecutive day
Nifty opened lower and remained negative throughout the session to close with loss of 82 points at 19543 levels. Selling continued in broader market with Nifty mid/small cap 100 indices down -1 per cent/-0.8 per cent. Except Private Bank, all sectors ended in red, he said.
E-com platforms log Rs 47K cr worth GMV in 1st week of India festive sales
High average selling price (ASP) items such as mobiles, electronics and large appliances emerged as the largest contributor to the sales, driving 67 per cent of the total sales, according to the report from market research firm Redseer Strategy Consultants.
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