President Biden’s announcement in August of up to $20,000 in broad federal student debt forgiveness likely came as a relief for millions of eligible borrowers, but it also brought with it plenty of questions. Fortunately, the White House later issued a press relief that answered many of these queries, including confirming that this debt relief won’t be […]
Stocks to Watch Check out the companies making headlines before the opening bell. Co founder Gangwal family sold 2.74 percent stake in the company through open market transactions. Rakesh Gangwal offloaded 27.98 lakh shares at an average price of Rs 1,886.47 each, and 26.02 lakh shares at Rs 1,890.75 each, while his wife Shobha Gangwal […]
India’s retail inflation likely snapped a three-month downward trend in August as food prices surged, a Reuters poll of economists found, which may add pressure on the Reserve Bank of India to hike interest rates more aggressively in coming months. Food inflation, which accounts for nearly half the consumer price index (CPI) basket, is expected to have soared as prices of […]
Created economies are enduring a shot from the dollar’s appreciation to multi-decade highs in manners that were again recognizable to their developing business sector peers. The Fed’s exchange weighted dollar list versus progressed economies has taken off 10% this year to the most grounded starting around 2002, while the developing business sectors measure is up […]
Indian equity markets are likely to open higher today as ahead of the trading session, SGX Nifty was in the green, hinting at a positive start for NSE Nifty 50 and BSE Sensex. Here are the stocks in focus today Indian equity markets are likely to open higher today as ahead of the trading session, […]
Over the last few years, many new investors have entered financial markets lulled by the promises of making “easy money”, “quick returns” etc. Investing involves both luck and skill and when you are on a roll, unfortunately most believe success to be a function of your skill. Is there a way to gauge if investment […]
The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021 peak, the biggest drawdown since its 1990 inception. Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a […]
Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. The Chief Investment Officer at Centrum PMS with over 25 years of rich experience in fund management expects overall private capex to be strong over next 2-3 years, due to rising/peaking […]
Mikhail Gorbachev, the final leader of the Soviet Union and a reformer who helped end the Cold War and lead his country from communism to capitalism, died Tuesday at 91, according to the Gorbachev Foundation. “Mikhail Sergeevich Gorbachev died this evening after a serious and long illness,” the Central Clinical Hospital reported, according to the Interfax […]
Beijing: Millions of people in areas surrounding China’s capital were ordered into lockdown Tuesday, with authorities doubling down on efforts to contain Covid-19 ahead of a key ruling Communist Party meeting this year. Nearly four million people in Hebei province, which surrounds Beijing, were ordered to stay home until the end of the week as […]